nstore:
But why private companies to operate Port Harcourt refinery?..
As reported "..the decision was made to improve dependability and sustainability to meet the country's fuel
supply..."...
What do I know..

omohayek:

I agree that full privatization would be best, but that's not what this proposal is suggesting. As far as I can see, all they're calling for here is for private entities to manage a refinery which will still be under full government ownership. That doesn't go anywhere near far enough in my view. They need to sell the antiquated white elephants and be done with them once and for all.

Brendaniel:
Shebi OBJ told them earlier on they insulted him, their eye has started to clear

clearcrystal:


Goverment has been running it for years with no headway.Let private companies take over the business of running our refineries.

According to Otedola 'Goverment has no business running business'.

Cajal:

No
Obj said it's not repairable

Kenochi:
This is very good news,I salute the honesty of the NNPCL management for starting the process of full privatisation of all our Refineries
I have always stated that the last time any type of Refining was done in Nigeria was close to 15 years ago.All the personnel that know how to operate a Refinery are either retired or on their way out of the place. I have consistently maintained that the best policy that the Asiwaju Government can enact is to privatise at least two of the Refineries and I believe this is a step towards full privatisation
For those that will want to argue with this policy,my thoughts are as follows.
The people in NNPCL have already sold their soul,this is a company that has imported Refined crude oil in the past twenty years, they have mortgaged their conscience and they know that running a Refinery is hard work
They are used to short cuts and now that the Hardwork has come,they are not willing to do it

Let them give it to people who are willing to do the work,please check my signature for cheap properties with good titles around Ibeju Lekki Industrial Hub which comprises of Dangote Refinery,Lekki Deep Sea port and Free Trade Zone

nstore:
But why private companies to operate Port Harcourt refinery?..
As reported "..the decision was made to improve dependability and sustainability to meet the country's fuel
supply..."...
What do I know..

Efewestern:


Government agencies have proven over the years that they are incapable of doing anything. The government has no business running refinery in the first place. Government should only concern themselve with security and critical infrastructure.

.
All refineries should be handed to private companies. Also, the government should look into wooing investors into other areas like the dead steel industry.

Our ticket out of poverty is Industrialization and we must take the pain the achieve that.

lexy2014:


If a private company is managing it, what do you call that?

Dobodobo04:


Lease or sell give preferred bidders flexibility.

If I’m an Indian or French bidder, I might want to try before I commit fully. Lease agreement would give me an incentive to test the facilities, test the market and once the market is proven, I can always go to government for outright full ownership.

Both options should be on the table. Only thing NNPCL should do is verify bidders with proven track record of running refineries and if satisfied, sell or lease for good profit into federal government’s account.

We need to start making profits on gov assets in Nigeria. No more waste.

TimeManager:

How it was so messed up under Government's management, workers sitting idly by, collecting salaries while refineries produced nothing. A simple example is INTELS efficiently managing the pilotage services of NPA on the behalf of Government, all revenues goes into TSA. FG should begin to hands off some critical sectors.

-kiss the truth!

ubox:

Public Private Partnership

omohayek:

There are two big risks associated with simply handing over management to the private sector without an outright sale.

1. It risks all sorts of government interference in the day-to-day running of the business. Suppose the managers decide it's time to trim their bloated workforce and institute objective performance monitoring, as opposed to the old "federal character" based system of tribal spoils standard in parastatals? How likely are top government officials to stand by and just let the managers do so, especially if it involves their "kinsmen"? Remember that the government still owns the company, and therefore has a veto over any management decisions.

2. It rules out all possibility of the managers raising capital to invest in the business. To raise funds, you either need to sell shares (all of which are still owned by government) or borrow, but no lender is going to approve a loan against collateral which isn't owned by the borrower. The last thing the Nigerian government can afford right now is spending billions more USD on these obsolete refineries.

pepetua:
They will soon fine one, useless country.

Kaiser20:
Why not contract Seyi Tinubu to handle the deal?
They should not give it to any foreign firms, Nigerians have talents

bestman09:
Confused and selfish lots. This is what OBJ tried to do 17 years ago and this same tinubu and his gang fought against it raining insults on OBJ till Yaradua cancelled the process. 17 good years wasted chasing shadows

Brendaniel:
Shebi OBJ told them earlier on they insulted him, their eye has started to clear

victorsola:
obj said refinary can’t work I nigeria. But now they have made it operational and looking for private entities who will not do it anyhow and will be more accountable. Cus civil servant will mess it up . So obj was wrong because it was during his regime all refinaries collapsed in this country.

TimeManager:
My confidence is growing more strongly in Ashiwaju's Presidency. With the new NNPCL board, i don't expect less than 99% efficiency.

-kiss the truth!

Okoroawusa:
Port Harcourt Refinery is ready


I Love PMB

I Love Bola Ahmed Tinubu

allthingsgood:
new scam

They will give it to their own people who will then milk the refinery dry

Kenochi:
This is very good news,I salute the honesty of the NNPCL management for starting the process of full privatisation of all our Refineries
I have always stated that the last time any type of Refining was done in Nigeria was close to 15 years ago.All the personnel that know how to operate a Refinery are either retired or on their way out of the place. I have consistently maintained that the best policy that the Asiwaju Government can enact is to privatise at least two of the Refineries and I believe this is a step towards full privatisation
For those that will want to argue with this policy,my thoughts are as follows.
The people in NNPCL have already sold their soul,this is a company that has imported Refined crude oil in the past twenty years, they have mortgaged their conscience and they know that running a Refinery is hard work
They are used to short cuts and now that the Hardwork has come,they are not willing to do it

Let them give it to people who are willing to do the work,please check my signature for cheap properties with good titles around Ibeju Lekki Industrial Hub which comprises of Dangote Refinery,Lekki Deep Sea port and Free Trade Zone