₦airaland Forum

Bethelwealthy:
My bros, 10% is justifiable if only you are looking thru one side of the prism. But if you chose to be objective and not subjective, you should ask why other companies were instructed to go to commercial banks and Bureau de change for their forex needs while just one, out of the million businesses in Nigeria has a national backbone. Dont other businesses need protection even if they are not as big as Dangote. While helping Dangote is not the issue, i'll like to find out if all the other companies dont employ Nigerians and if all of them put together doesnt employ more Nigerians than Dangote.
Bottomline: It is a good idea to cushion the effectz of the crazy forex policies, not just for dangote but all other businesses cuz in the end, dangote alone cannot solve Nigeria's impending unemployment problem. . . . what is good for the goose is good for the ganders.....

Bethelwealthy:
.......when Boohuari have stroke and OSIBADE takes over, then you'll hear of OPERATION CROCODILE KISS.

Bethelwealthy:
Except you are blind and deaf, thats when you'll want me to prove to you that other businesses exist. Just wait there so i can list out over a thousand businesses for you before you agree. Businesses are closing shops, jobs are waning and obviously the economy is takeing back seat in africa yet someone like you want me to list "THOSE COMPANIES" out to you..............
Like i said, its either you are deaf, dumb and blind or just stupid...........

LordValor:
Lol...anoda Joke from dis clueless n backward n lazy lotz....transparent calculator n Solo phone while dats a starting achievement though for ur Monkey Race which cannot n neva be compared 2 d Achievement of d beautiful Ibo mind of philip emeagwali, without his superComputer development u won't even have a world let alone a nairaland 2 cum n pour out ur worthless rantz...He's called d father of modern computer,supercomputer n d internet...believe ur country Nigeria is a wasteland for him 2 cum even play in......and U mentioned SOLO phones....Lol can it be compared 2 d innovative progressive Tecno mobile whose intervention made it possible for d ungrateful n lazy lots like ur tribe n other zoo animal 2 b able 2 use an andriod device....and yeah d also d Genius hands n mind Of Zinox computer owner( d termed bill gate of nigeria n africa) Leo stan Ekeh

And u come 2 rant bout Calculator n SOLO phones....bury ur head betastill Hang ur sef n ur worthless lots of a tribe in shame....bloody jokerz

We r neva n will neva be in same playin field or levell wit u backward lots....we r a risen race while ur lazy lotz were snorin n sleepin in ur Zoo....



Igbo ekwu nu....Igbo Amaka

OkoNDOoBo:
LOL am enjoying this show mehn, I love how the yoruba folks re dealing with the biafraudians

The biafraudians can produce Armoured. Tanks and a bomb that can. Wipe. Entire nigerian army but cannot produce a bullet

Bethelwealthy:
in other words, all other businesses should fend for themselves, and if the millions they employ loose their living, its okay abi?
You are so daft understanding an argument makes you dance RAGGAE, instead of to dance BLUES. Can d biggest REFINERY IN AFRICA solve our oil problem if millions of other businesses are not protected?
You got ur brain in ur pocket if you think the biggest peteochemical company will make a meaning if these wicked policies put million other businesses to their forceful deaths.
You can list all the propaganda LARGEST THIS, and BIGGEST THAT for foolish and uneducated or ill-educated fellow like you but my point remains: SHIELD OTHER BUSINESSES FROM DYING OTHERWISE DANGOTE'S ACHIEVEMENT WILL MAKE NO MEANING IF UNEMPLOYMENT OCCASIONED BY WRONG FOREX POLICIES RENDER MILLIONS JOBLESS AND BUSINESSES MORIBUND..............
...................oga winner

About 25 licences that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be revewed at again and those that have remained inactive will be revoked, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said.

Kachikwu said last week when he hosted a group of online news outlets in Abuja that as part of its ongoing efforts to sanitise Nigeria’s downstream petroleum sector, the government was going on to review the status of the refinery licences.

He noted that those who had crossed certain acceptable operational thresholds would be allowed to go on with their works while those who haven’t would be cancelled.

“The next stage of this is that we are going to look at all the licences that have been given out; some of them were given a window within which to build their refineries and we are going to revoke the ones that were not used,” said Kachikwu in response to a question on the status of the licenses.


http://www.thisdaylive.com/index.php/2016/05/23/kachikwu-fg-to-revoke-unused-refinery-licences/

Buhari approves 65 licences for private refineries


To woo investors to the project, DPR also reduced the licensing fee for new refineries from $1 million to $50,000.

By Clara Nwachukwu

President Muhammadu Buhari has granted licences to 65 Nigerian companies to construct modular refineries.

The companies were selected from about 285 applications that were screened for the purpose.

Modular refineries are mini-refineries with capacities ranging from 1,000 to 10,000 barrels per day, bpd, which can be assembled and separated easily for enhanced performance and efficiency.


The decision to award Licence to Establish, LTE, which was taken within 10 days of his assuming office in June, may not be unconnected with his desire to see the increase in domestic refining capacity to meet local demand, thereby reducing huge import bills for subsidy.

Although the Department of Petroleum Resources, DPR, the industry regulator, feigned ignorance of the development, one of the beneficiary companies confirmed to Vanguard that the measure is also meant to cushion the impact of crashing oil prices at the international market.

The shock is not only in the period the approvals were given, but also in the numbers granted considering the fact that 18 LTEs were granted in 2002, but only one of them had come on stream with just 1,000 barrels per day, bpd, capacity.

http://www.vanguardngr.com/2015/08/buhari-approves-65-licences-for-private-refineries/

EVarn:
Petty sentiments will get Nigeria nowhere; this is a man who has decided to invest $10 billion on building the largest refinery in the world in a country that does not have a deregulated downstream oil sector,in a country that has failed to pass the monumental PIB for over a decade.
What other hope of local refining do we have?; once dangote gets his refinery working,it would definitely attract other investors to do the same(including those that have already been awarded license),then competition begins and fuel price get moderated.
You are accusing him of selling out dollars to the parallel market(a claim which you are unable to prove); but if he does that,how do you think he will complete his project?,do you imagine that the CBN does not monitor the flow of dollars within banks and BDCs?.Moreover,only a selected number of BDCs are licensed by the CBN to sell dollars,so how will they escape monitoring?
You people scream monopoly; is it his fault that many of our business men fail to explore business opportunities in Nigeria,instead the prefer to do "clearing and forwarding" importation.There is scarcity of tomato,cocoa,cotton and other commercial produts ,why can't our business men seize the opportunity to start producing these things en masse?,tomorrow if dangote decides to do it,they scream monopoly.

Bethelwealthy:
bros, you can hug ur narrow narrative like ur pillow as u like. but for me here's my point:
1. Dangote is a big businesa but not as big as 20% of all other business in Nigeria.
2. He's business a deep sea port but so also are other four companies.
3. He's building a refinery but so also are 6 other companies
4. If a million business men rely on a "palstry", forex like u put it, what is the justification that just one man have access to a whopping 10% of that?
5. If FG feel d need to protect businesses in the face of its obselete Policies, it should be across board.
6. If dangote is the next biggest employer of labour after govt and agriculture, please what is the total number of people he employs in a population of 180million that govt is not willing to protect other businesses but dangote that doesnt employ up to 1% of Nigerian population?
7. Lagos is the earth of business in Nigeria and dangote's presence in Lagos is less than 2%, what happen to all other businesses that keep Nigeria liquidity firm
.....................a narrow mindset is a disease.

revolt:
how can a native doctor understand physics. run along jare

revolt:
if the president pushes for it, the Senate will have no choice but to look at it. If it's all over the news, that the legislature is holding back that bill, they'll sit up, if the radicalism and speed in which the president proposed his infamous grazing bill, they'd sit up. If his body language steps in there ( as Una yalk), we'd see progress. He hasn't shown any interest as concerns that bill, giving dangote 10% of forex while starving other entrepreneurs is biased. Learn to say the truth and stop letting stupid sentiments becloud your judgment.

revolt:
Okay it's confirmed . You're irredemable.

The benefits include : not having to spend a dime of our forex which is scarce, and guaranteeing more than one refinery setting up shop here, which means more jobs, competition and more tax revenue in future.

I'm sure you're still wondering how. Anyways wallow in your retrogression.

Saraki Orders Suspension of Work On New PIB

June 13, 2016 by Aderemi Ogunbanjo

It appears progress on the Petroleum Industry Governance Bill, (“PIGB”) is to be stalled as reports reaching us indicate that the Senate President, Bukola Saraki has ordered the indefinite suspension of further consideration of the bill. According to today’s Vanguard, this order came as a result of mounting opposition from southern lawmakers on the removal of the 10 percent royalty proposed for host oil communities tagged the Petroleum Host Community Fund, (“PHCF”) as captured in the original PIB, from the PIGB. Whilst the North is against the inclusion of the PHCF, the oil producing regions in the Niger Delta are favorably disposed to its inclusion stating that its removal is not in the best interest of their region.


http://www.petroleumindustrybill.com/2016/06/13/saraki-orders-suspension-of-work-on-new-pib/

revolt:
let's see if you're redeemable bros!

Let me come down to illustrations, if you were a very buoyant investor interested in coming into nigerias petroleum sector, what would you consider first? Viability, security for your investment and a LAW that protects your bizness against arbitrary govt actions. Now if these variables aren't available, you will not invest right? Now the PIB is that law, and it hasn't been passed, thus no sensible investor will throw billions into an enviroment without such laws.
If you were the govt, and hoping to privatise that sector, what would you do? You would first create an enviroment that's attractive for investment by providing security,clear cut statutes defining and guiding operations in that sector. I'm sure you 1st action wouldn't be to give out your scarce forex to one company. Even dangote needs these laws to protect his investment, so another govt doesn't come in to change the rules. I hope this is as elementary as possible for anybody.

revolt:
I don't believe what this buffoon typed here!! “ PIB and refineries are unrelated”.. The full meaning of PIB is petroleum ind.... This daft beast says they are not related, hehe

Anyways with this I know ure a blackhole.

Nkem4040:
It wasn't a grenade launcher per se, but the Biafrran military re-engineered the ogbunike into an unknown technology that they refused to disclose till this day. It was done in such a way that the damage will ignite a chain reaction and evidently catastrophic. Yes the guy you replied is right in the casualty, though I think it was more. It was the most deadly military loss ever encountered by the Nigerian military. I mean thousands of Nigerian military personnel and hundreds of armoured vehicles entering Abagana in a convoy in excess of 50km stretch were incinerated, and most died instantly. How Muritila Mohammad and his crew escaped, remains a mystery. The video is on youtube...

PaulIdu:
How can a grenade launcher wipe out an entire division. .my friend you talk like a learner .

A 20 ft container truck with registration number EPE-498-XR lost control and fell off the road at Asolo filling station inwards Ketu Mile 12 Ikorodu on Friday 19th August, 2016 at about 3.10 pm. According to reports gathered at the scene of the incident, it was discovered that the container truck fully loaded with timber fell on the road as a result of brake failure. No life was lost but one male Adult sustained injuries and was treated immediately. The Agency's Emergency Response Team immediately deployed its rescue truck for the recovery operation to save the man power and economic loss that would have been experienced by motorists in the ever busy Ikorodu road. the Agency was also supported by LASTMA officials and men of the Nigeria Police Force (Owode division) in the prompt recovery. The LASEMA General Manager Mr. Michael Akindele advised motorists especially articulated vehicle and truck owners to ensure proper checks on the road worthiness of their vehicles and engage experienced drivers to reduce the incessant traffick accidents on our Lagos roads.

SmartChoices:
Aresa never talk rudely to me ever again. Learn some manners.

revolt:
so govt must spend 10percent of her scarce forex to gain one refinery as opposed to not spending a dime, and radically ensuring the PIB is signed, which will ensure lots of refineries on different scales(dangote inclusive) in the nearest future!.

Pavarottii:
Wat a dumb response; u don't even know how CBN works. Av u ever even been to CBN Headquarter?