₦airaland Forum

The Rich man is greedy in nigeria

The poor man is greedy in Nigeria

Who is greedier? Mixed feelings

FSU: Agbara does not have more industries in general than Nnewi, but it has more multi-national bluechips for sure.

I am looking at Quality (strength) not quantity of industries. A blue chip manufacturing coy in Agbara might have the strength of some twenty others somewhere else.

The strength of commerce is what i based my conclusion on.

Agbara in Ogun state.

@OP, Btw, how do we define a city?

@e-guerilla, thanks for the expose!, my wish is that more innocently gullible Nigerians comes to their sense of reasoning and see through the ruse, the FG daily offers them.

It is really disheartening to see some Nigerians excited over the kind of information the OP posted.

Those teachers must have been Arabic literates.

[url]
http://www.thenigerianvoice.com/nvnews/23650/1/nnpc-chinese-firm-to-build-285bn-greenfield-refine.html[/url]

NNPC, CHINESE FIRM TO BUILD $28.5BN GREENFIELD REFINERIES
By NBF NEWS


A Greenfield refinery
The Nigerian National Petroleum Corporation and the China State Construction and Engineering Corporation Limited on Thursday signed a Memorandum of Understanding to raise $28.5bn for the construction of three new Greenfield refineries and a petrochemical complex in different locations in Nigeria.

A Greenfield refinery is one that is low in carbon emissions, almost to zero level, and complies with the new clamour for environmentally-friendly infrastructure in line with the Kyoto protocol.

The projects will be executed under a Contractor Financing and Supplier Credits scheme from the China Export and Credit Insurance Corporation and a consortium of Chinese banks.

One of the refineries will be sited in Lekki, Lagos, while another plant will be located close to the Brass Liquefied Natural Gas in Bayelsa State so that it can leverage on the feed stock that will be produced by Brass LNG and other industries that will be co-located there.

The third one will take advantage of the dredging of the River Niger at Lokoja, Kogi State.

However, the search is still on for a suitable location for the petrochemical complex along the National Gas Corridor, based on the Nigeria Gas Master Plan.

The interest of the CSCEC in the project is to expand its presence on the African continent and establish its footprint firmly on the growing Nigerian oil and gas landscape, according to the Vice-President, Overseas Operations of the company, Mr. Yu Zhende.

The Group Managing Director, NNPC, Mr. Shehu Ladan, expressed hope that the project would stem the flood of imported refined products into the country, currently estimated at $10bn annually.

He further explained that on completion, the three Greenfield refineries would have 750,000 barrels of crude oil per day refining capacity and position NNPC to engage profitably in the international trading of refined petroleum products.

Similarly, the proposed petrochemical complex will source natural gas from the Nigerian Gas Master Plan corridor to produce polymers, solvents and gas-based fertilizers to boost agricultural production.

According to the GMD, 'The China State Construction and Engineering Corporation will build the plants with loans it will raise from China; 100 per cent of the loan.

'They will take 80 per cent of the share and we will take 20 per cent and all the conditions will be agreed upon.'

On differences that would exist in the management structure of the new plants from the existing refineries, Ladan stressed that the current plants were owned by the Federal Government and being operated by NNPC on behalf of the government.

He said that the Federal Government would not have shares in the proposed plants, but NNPC would buy into them with its own funds.

He said, 'The entire budget will be funded by loans sourced by the Chinese partners, so the terms of the loans will be spelt out and the payment period.

'And they will operate the plants together with us. It is only when we pay back the loans after some years that we can perhaps talk about taking over the interest of the construction companies.'

On the timelines for completing the plants, Ladan said plans were afoot to start the first refinery this year and complete it within five years.

He explained that raising the loan would take time, saying the funds could be available, but the terms of agreement would have to be negotiated.

The GMD further explained that with the size of Nigeria, its growing population and sophistication, it was likely that the three planned refineries might not be able to satisfy local consumption very soon.

He said, 'We should also be looking outward to export. Nigeria should be exporting refined petroleum across the West African sub-region and other countries.

'Our dream will be that one day, we will have export oriented refineries and as we locate them at various parts of the county, other state governments will also be called upon to join.

'It is not like we are closing the door of participation to other state governments.'

The GMD also highlighted the technical capability of CSCEC, noting that it was currently ranked as the sixth largest engineering and construction company in the world.

HOW MANY BARRELS OF OIL IS BEING REFINED FROM SUCH REFINERIES, OVER 2 YEARS AFTER?

Can they stop deceiving themselves and some gullible nigerians? Shame on the PDP government. The rubbish optimism news was in early 2010

Relics of PDP in the south west

of the six ACN governors, Fashola has spent 5 years, Oshiomole has spent 3.5 years.

The remaining 4 ACN governors have spent average of 1year and 3 months.

As such on what grounds are some castigating the other ACN governors, it is clear that they are a far departure from the PDP crooks those states had before them, and many were faced with the normal teeting challenges like 18,000 minimum wage in the face of dwindling resources, looted state treasury, and onset planning, ....

Another 1.5 years from now, when the 4 ACN governors are to be compared with the PDP crooks earlier governing, the difference will be clear.

Pictured, A Female NYSC member in Ekiti state and a soldier kissing during the NYSC orientation.

Is it Morally Right or Wrong?

When you are dead, you will be called a martyr in public, and an important fool in private by the president

Of the remaining two games we have left, at least a win will see us through to the olympics.

As such even if we lose to russia, and can win the third place match, we qualify

blink182: You be real enemy of progress.

I am not an enemy of progress, i love to see progress in 36 states of Nigeria, I am Pan Nigeria.

But truth must be told, with scarce resources, you manage it efficiently and effectively, and not play politics or showmanship,

If a family man decides to buy 4 brand new cars, from his resources, when he still lives in a rented apartment, you must tell him the truth. Although he might call you a real enemy of progress, just as you have done.

shaneroberts26: .I feel lyk meetin u in person in oder to teach u a lesson of ur lyf.I dont blame u,i blame Seun for not puttin an age barrier durin registerations. Nitwit.

From your response, i can sense your low IQ, please stay put in the romance section you float in. you lack critical thinking to comment on this topic.

Sounds like misplaced priorities

Committee - A Group of the unwilling, picked from the unfit, to do the unnecessary

Wickedness in high places , One year imprisonment[b] without option of fine[/b]

What happened to confiscating their bikes? Someone goes to jail for one year, coz he tries to feed himself and his family

all4naija: What does that line imply? Must we adopt it because the Chinese do? Please, the rate at which crime has be associated with the group is at alarming rate. Indeed, the condition which they operate and killing people is increasing the rate of death on the Nigerian roads. I still think we are being sentimental about this Okada bike commercial transportation and given excuses for the inabilities of many Nigerians to find other means of survival.

For those supporting Okada riders, it would be good to know that if the rate at which joblessness and unemployment increase is considered to be the root cause for the use, there is every reason to think that in the nearest future there would be more Okada-riders than the whole other working population all together exponentially.

There were times when the commercial biking was not in Nigeria. The causes must be addressed by going back in time to see what really lead to it. Before then, it is right leaving 'unemployment out of the equation' because there were times when unemployment was very high without the presence of Okade-riders.

At the bolded, have you considered the increasing poverty rate?
Have you considered the increasing population? (average of 5.6% annually)
Have you considered increasing traffic gridlock and bad roads?
Have you considered that more residential buildings are now built in hinterland? Were infrastructures like good roads are yet to catch up with , and motor cabs can hardly ply
Have you considered the dwindling power situation in the country? Artisans can hardly operate
Have you considered the rate at which Micro-business close down at the teething stage in Nigeria?

Note: Unemployment rate has never been this HIGH, Nigeria currently has a median age of 17 years.

EMPATHY is needed, and you need to start developing it, you failed to suggest a viable option, you only want them crushed, because you have generalised all OKADA riders as nuisance, and most likely you have an automobile to cruise the town.

By the way, before OKADAs were used by armed robbers for crime, what was their mode of transportation? i suspect it was cars... They ought to have ban cars. It is this line of thought that led to Government wanting to remove Fuel Subsidy on over 70 % of very Poor Nigerians just because 0.001% of some crooked Nigerians are using it as a means of sapping the nation dry.

The heart of an average Nigerian is desperately wicked.
Although, i am not too conversant with the terrain of the Enugu metropolis, i still feel their should be a timeline for them to adjust.

I still dont understand why once a nigerian moves up from level 1 to level 2, the next thing is to start looking at the fellow on level 1 as nonsesical shiiit.

One of the drivers at my working place goes out very early by 5:30am and hustle till 7:30 am with his commercial bike, and then at closing from 6:30pm thereabout to 9:00 pm, his total earning from the commercial bike is what he saves to send himself to school (part time studies in a polytechnic). Stories like this abound .......

Another of such shit two years ago May 2010, When Jonathan was president

http://www.thenigerianvoice.com/nvnews/23650/1/nnpc-chinese-firm-to-build-285bn-greenfield-refine.html

NNPC, CHINESE FIRM TO BUILD $28.5BN GREENFIELD REFINERIES
By NBF NEWS


A Greenfield refinery
The Nigerian National Petroleum Corporation and the China State Construction and Engineering Corporation Limited on Thursday signed a Memorandum of Understanding to raise $28.5bn for the construction of three new Greenfield refineries and a petrochemical complex in different locations in Nigeria.

A Greenfield refinery is one that is low in carbon emissions, almost to zero level, and complies with the new clamour for environmentally-friendly infrastructure in line with the Kyoto protocol.

The projects will be executed under a Contractor Financing and Supplier Credits scheme from the China Export and Credit Insurance Corporation and a consortium of Chinese banks.

One of the refineries will be sited in Lekki, Lagos, while another plant will be located close to the Brass Liquefied Natural Gas in Bayelsa State so that it can leverage on the feed stock that will be produced by Brass LNG and other industries that will be co-located there.

The third one will take advantage of the dredging of the River Niger at Lokoja, Kogi State.

However, the search is still on for a suitable location for the petrochemical complex along the National Gas Corridor, based on the Nigeria Gas Master Plan.

The interest of the CSCEC in the project is to expand its presence on the African continent and establish its footprint firmly on the growing Nigerian oil and gas landscape, according to the Vice-President, Overseas Operations of the company, Mr. Yu Zhende.

The Group Managing Director, NNPC, Mr. Shehu Ladan, expressed hope that the project would stem the flood of imported refined products into the country, currently estimated at $10bn annually.

He further explained that on completion, the three Greenfield refineries would have 750,000 barrels of crude oil per day refining capacity and position NNPC to engage profitably in the international trading of refined petroleum products.

Similarly, the proposed petrochemical complex will source natural gas from the Nigerian Gas Master Plan corridor to produce polymers, solvents and gas-based fertilizers to boost agricultural production.

According to the GMD, 'The China State Construction and Engineering Corporation will build the plants with loans it will raise from China; 100 per cent of the loan.

'They will take 80 per cent of the share and we will take 20 per cent and all the conditions will be agreed upon.'

On differences that would exist in the management structure of the new plants from the existing refineries, Ladan stressed that the current plants were owned by the Federal Government and being operated by NNPC on behalf of the government.

He said that the Federal Government would not have shares in the proposed plants, but NNPC would buy into them with its own funds.

He said, 'The entire budget will be funded by loans sourced by the Chinese partners, so the terms of the loans will be spelt out and the payment period.

'And they will operate the plants together with us. It is only when we pay back the loans after some years that we can perhaps talk about taking over the interest of the construction companies.'

On the timelines for completing the plants, Ladan said plans were afoot to start the first refinery this year and complete it within five years.

He explained that raising the loan would take time, saying the funds could be available, but the terms of agreement would have to be negotiated.

The GMD further explained that with the size of Nigeria, its growing population and sophistication, it was likely that the three planned refineries might not be able to satisfy local consumption very soon.

He said, 'We should also be looking outward to export. Nigeria should be exporting refined petroleum across the West African sub-region and other countries.

'Our dream will be that one day, we will have export oriented refineries and as we locate them at various parts of the county, other state governments will also be called upon to join.

'It is not like we are closing the door of participation to other state governments.'

The GMD also highlighted the technical capability of CSCEC, noting that it was currently ranked as the sixth largest engineering and construction company in the world.

HOW MANY BARRELS OF OIL IS BEING REFINED FROM SUCH REFINERIES, OVER 2 YEARS AFTER? [b][/b]

ar u asking why ? ar u one of the blind apologists ?

News like this are not new in public domain . MOU signing , foundation laying, bla bla bla ........


Check this out in 2002, when Obj was president and Jonathan was deputy governor
http://tonweirefinery.com/obasanjo_lays_foundation_stone_of_private_refinery_in_bayelsa.htm

Obasanjo Lays Foundation Stone of Private Refinery in Bayelsa
Published by:
This Day (Lagos)
October 22, 2002
Posted to the web October 22, 2002
Lagos

NNPC Kupolokun delivering message from the president of Nigeria
President Olusegun Oba-sanjo at the weekend laid the foundation stone of the country's first privately-owned refinery, at Agge in Bayelsa.
Obasanjo, who was represented by Mr Funsho Kupolokun, his special assistant on petroleum, said that the establishment of private refineries in the country had the capacity to inject massive funds into the economy.

The president said that the setting up of the TONWEI™ refinery would end product scarcity in the immediate community and its environs, just as it would also facilitate the springing up of ancilliary industries.
According to him, "when TONWEI™ refinery becomes operational and even during the construction stage, it would generate hundreds of employment opportunities for Nigerians, including people in the local community."
Obasanjo said that in opting for the liberalisation of the oil industry, his administration intended to rid the sector of monopoly in the supply and distribution chains.
He said that the aim was to encourage private individuals and corporate bodies with the wherewithal and the technical capability to invest in the petroleum sector, so that with time the problems associated with the industry would be solved.
Against this backdrop, Obasanjo said that all the barriers hindering the entry of new investors into the oil sector were to be removed.
The president advised the promoters of the proposed refinery to spare no efforts in ensuring that it comes on stream on schedule.
Deputy Senate President, Ibrahim Mantu, who was the chairman on the occasion, described the project as a dividend of democracy, which according to him will transform the landscape of Agge.
Mantu called on the people to see the project as theirs, as it is owned by their son.
The Chairman of the Board of Directors of the refinery, Timi George Tongubor, said that the project would cost 1.5 billion dollars.
Bayelsa Governor, Dr Goodluck Jonathan, who represented Gov. Diepreye Alamieyeseigha, said that the project would create employment opportunities for the people.

HOW MANY BARRELLS OF OIL IS BEING REFINED TODAY IN THE REFINERY IN BAYELSA STATE TEN YEARS AFTER?

^^^ SSSSSSSSssssssssssssssssssssssssshhhhhhhhhhhhhhhhhh !!!!


Were you born yesterday?

choi !!! cest fini

SO WELL SAID !!!!!!

Is he related to Julius Nyerere of Tanzania?

Is Farcrook Liewan related to the musician SHAGGY.?

Ikeja

Stockholm syndrome

@omosexy, unpopular policies like (1).increasing the school fees of LASU in trying to improve the standard of the school and make it self sustainable.(2) concessioning of some roads e.g lekki epe expressway so that the maintenance and security is assured
These are examples of unpopular policies, they are not necesarrily bad, but there would be a very stiff opposition to it by many.

No sane governor will implement tens of such policies simultaneously, if still wants to remain in government amd enjoy its socio-political support.

Dont forget most electorates are "daft" . You think Fashola is unintelligent, the committee he set up on Okada has recommended has recommended a ban on okada's, yet he has place it on hold. you dont just wake up and release missiles of such policies once, if he does ACN might lose in 2015, he was elected, not selected.

^^^ insider info.
Started in the middle of 2010. completion projected at july 2012. Gbenga daniel gave out some concessions then in form of tax e.t.c

^^^ hey, omosexy, you've been writing long theories that are not practicable,(so many unpopular policies). some of those unpopular policies are good by the way, but note you cant do it simultaneously, it must be gradual. or else Lagos will implode. When El-rufai tried to correct the wrong planning at the teeting stage in Abuja, it was relatively easier. Imagine you banning Okada in Lagos state

This is a project that is nearing completion, it is cited in Agbara, Pampers(diapers) is finding it hard to meet demand, as such it is expanding.

It is amazing how 10 years + can make a whole lot of difference . and seem like a century.

I hope we have a power sector revolution soon in Nigeria, the effect will be stronger than the GSM revolution.

I have great belief in the country, the things that will turn around the fortunes of the country for good are not far fetched or rocket science thingy.