₦airaland Forum

Dangote Refinery’s AGO presently has sulphur content exceeding 700/ppm in accordance with waiver granted by the NMDPRA. This far exceeds the average of 50/ppm sulphur required for AGO imports by marketers, yet the regulator has restricted all other downstream operators from sourcing this product exclusively from the Dangote Refinery:

wetin these NMDPRA dey do? they wan kill us just become of one refinery? the sulphur content is too much.

This is a clear adoption of Dangote Oil Refinery as the sole supplier of AGO to the nation. This situation is detrimental not only to the downstream operators but the nation at large. It deprives Nigerians of cheaper options as the Dangote Refinery always has the final say and dictate prices without any competing alternatives:

i tell one person dis na monopoly, the man say no. no be him be dis. everyone dey complain. nnpc should be blamed.

you think so? i think someone that does not like her did it. maybe she no pay

Brendaniel:
I think they put wrong names with her first name, they mixed up about 3 of her names with another athlete whose name now came out twice - look at highlighted names

they are gangstas and when you have gangstas in power, everyone go suffer.

Moblux:
This is too dangerous for the economy and our financial system.

na gangstas dey run the country. see as dem rush change the law, no debate.
these people don't know what they are doing.

welcome to the era of more debt and pain

NASS Passes Bill To Increase CBN Ways And Means Loans To FG
Lawmakers raised the credit facility obtainable by the Federal Government from the apex bank from 5% to 10%.

By Gloria Ume-Uzeoke
Updated July 31, 2024

The Senate and the House of Representatives on Wednesday passed a bill to increase the percentage of Ways and Means loans the Central Bank of Nigeria (CBN) can give to the Federal Government. The upper chamber of the Nigerian legislature raised the credit facility obtainable by the Federal Government from the apex bank from 5% to 10%.
Known as the Ways and Means, the apex bank offers short-term financing to the Federal Government to cover its budget shortfalls. To do this, the Senate amended the CBN Act to increase the total CBN advances (loans) to the Federal Government. The bill for the amendment of the CBN Act was considered at plenary on Wednesday when it was read for the first time. The Leader of the Senate, Opeyemi Bamidele said the executive bill read for the first time on Wednesday is to enable the Federal Government to meet its immediate and future obligations owing to the government’s increasing needs for funds to finance the budget deficits and other expenses. He explained that the loans would enable the provision of immediate funds to address budget shortfalls and finance essential government expenditures as well as help maintain financial market stability by preventing government default on its obligation. Bamidele said the loans, when injected into the economy, will stimulate economic activity, potentially create jobs and enable the government to support critical sectors like agriculture, healthcare and infrastructural development. He added that the loans will lower the government’s borrowing cost by providing cheaper funds than the traditional borrowing method. Opeyemi and his colleagues argued that the margin of increase should be from 5 to 10 per cent.

They asserted that although the increase was necessary for economic development, adequate monitoring of capital projects should be enhanced to ensure that the funds are used for the sole purpose of infrastructure and legacy projects. After consideration in the Committee of the Whole, the executive bill scaled the third reading and was passed.
Like the Senate, the House of Representatives amended the CBN Act to raise Ways and Means from 5% to 10%.
President Bola Tinubu is expected to sign the amended bill into law.


Source: https://www.channelstv.com/2024/07/31/senate-passes-bill-to-increase-cbn-ways-and-means-loans-to-fg/

really crazy and the judge is known to be ultra corrupt

SisterAnn:
This is sad and crazy as fuq!

Why would her domestic aides kill her or attempt to kill her and aslo didn't bolt?

nigerian politicians are the worst. if you give them a bomb button, they will press it many times

just scripted drama. something that's too technical for them

how can they debate what they don't understand

Gbeng30:
Just walk out... bunch of useless people
Either walk in or walk out....all of you are still the same...

i suspect she was seriously ill when she performed

these guys are touching what they don't understand

they will make things worse

she was probably very sick while performing

i think they sold ajaokuta steel to an indian firm. someone made this accusation before that they were still paying the indian billions

Jamesbiodun:
Politician cashing out big time, same as NNPC not producing refined products but get paid for doing nothing

this is sad

WETIN ??

yes. he was telling her to back off and forget the problem

GOFRONT:
So senator Osita Ngwu was indirectly telling Natasha to pls Off the Mic?

finally someone asking the right questions. see as the other senator dey sabotage the questoins

Natasha Kicks against N4.2bn Personnel Cost for Moribund Ajaokuta Steel Workers
Sunday Aborisade in Abuja



The Senator representing Kogi Central Senatorial District, Senator Natasha Akpoti-Uduaghan, yesterday, described as unacceptable, the N4.2billion appropriated in the 2024 budget as personnel cost for the moribund Ajaokuta Steel Company Limited.

She expressed her displeasure during the investigative hearing on alleged incidences of corruption and inefficiency in Ajaokuta Steel Company Limited and the National Iron Ore Mining Company from 2002 to date, by an ad hoc committee of the Senate.

Akpoti-Uduaghan, who is the Deputy Chairman of the Committee, asked the Sole Administrator of the Steel Company, Summaila Abdul Akaba, to give details of workers collecting salaries from the N4.2 billion appropriated for personnel cost in the 2024 budget.
She said being an indigene of the area, she was desirous to get the Steel company revamped and working.
The Senator said she made unscheduled visits to the company and hardly found 10 people working there.
She noted that despite such humongous amount of money being spent as personnel cost by the Steel Company on yearly basis, no steel has been manufactured and no mill rolled.
She said, “The Sole Administrator of Ajaokuta Steel Company, I have a good question for you being an indigene from the area, very worried about the state of the company and passionate for its revival.
“The sum of N4.2 billion was appropriated for personnel cost in 2024, but from several visitations i made to the complex, hardly were 10 people sighted to be around or doing anything.
“So, who are the workers collecting monthly salaries from the appropriated N4.2billion?
“Statistically, if N300,000 is paid monthly to 14,000 people per month for a year, you get N4.2 billion or N500, 000 to 8,400 workers per month in a year.“Where are the 14, 000 or 8,400 workers in Ajaokuta, the appropriated N4.2billion is being spent on?” she asked.

The Minority Whip of the Senate who is also a member of the committee, Senator Osita Ngwu (PDP Enugu West), did not allow the sole administrator of the complex to respond to Akpoti-Uduaghan’s question.

Ngwu said, ” Please don’t let us indict ourselves because the said appropriation was approved by the National Assembly.”

In his closing remarks at the investigative hearing, the Chairman of the ad hoc Committee, Senator Adeniyi Adegbonmire (APC Ondo Central), said presentations and submissions made by the various stakeholders would be thoroughly looked into by the Committee for a solution to the report on Ajaokuta Steel Company to the Senate.

Key stakeholders at the investigative hearing were, the Permanent Secretary of the Ministry of Mines and Steel Development, a Director from the Central Bank of Nigeria , a Director from Bureau of Public Enterprises ( BPE) , Nigerian Society of Engineers , Steel and Engineering Union Workers of Nigeria, among others.

Source: https://www.thisdaylive.com/index.php/2024/07/31/natasha-kicks-against-n4-2bn-personnel-cost-for-moribund-ajaokuta-steel-workers/#google_vignette

overrated

DevilsEqual:

And you're who??

The IGP is a compassionate person, he cares far more about the safety of the protesters than even the protesters themselves

These guys bin wan block major roads before??

A confined protest is like mocking the protesters

this is the problem i have with it. sentiments against NMDPRA. what if NMDPRA was right that the refinery is only 45 percent complete? what's wrong in telling the truth?

na so HADI SIRIKA was pushing fake nigeria air around. now dem don bust everything.

Goke7:
The President only gave the order to satisfy those who felt he was sabotaging Dangote.

Where am even waiting for is at what price Dangote will sell cos or will Govt still go ahead to pay him subsidy to regulate price? I hope those who have been sympathetic to Dangote won’t turn around to accuse the govt again of failing to control Dangote by the time he descends on Nigerians. Fingers crossed

Arik has always been a proud partner in Nigeria’s growth, providing reliable and safe air travel:

hahahahah

na 419 boom you go see now

they really ban am completely ?

legitnow1:
MEANWHILE IBETO IS BANNED FROM CEMENT BY BUHARI.


THAT WAS WHAT BUHARI SPENT 8 YEARS DOING.


WE HAVE A SAYING THAT ANYBODY THAT HOLD SOMEBODY DWN IS HOLDING THEMSELVES DOWN.

so people get these type billions of dollars for naija ?

this picture na fake

Nairalander248:
Lol, you will enjoy it

they wan monopolise children

2elliot:
China has a billion people, yet they are not blaming their population. The north is not backward because they are too populated, but it is because of leadership issues. That 12 children a singular northerner has is a big blessing if harnessed for farming and manufacturing. North has everything to develop themselves, except poor leadership and religious extremism.

the man is right. na politics dey behind everything dey do including giving birth to many children but money no dey

but tinubu just enter. buhari was there for 8 years, e no fit fix anything

valentineuwakwe:
This man is just talking off point or who is he trying to please in APC?
If northerners descend on you now for this kind statement, you go know na dem get Nigeria!

what greed? him eyes open
and frankly, i like his style and how he pay them back

Nonybb:
Tinubu errand BOY. A man that should have been enjoying the loot he got from Rivers State as a governor but because of greed and for 2027, he decided to work for Tinubu to spite Atiku. Greedy bastard.

e be like say labour is going down

Zico5:
So Kenneth Okonkwo is now a mole. He was not a mole when he was fighting tooth and nail for Obi but now that he has seen the handwriting on the wall, he is now a mole. Obidients know Peter Obi has no leadership qualities. He is only using grammar to deceive majority of them. Tell me one important and pragmatic people that remain in Labour Party. No one again except Peter Obi himself. He will be the president, the minister of finance, education, etc. I know from the onset that Obi is going no where.

but all of them are like that

membranus:
There goes one of the most greedy, corrupt, nepotistic and self-centered CJN that has ever graced the office. No one will miss him.

he complained about conflicting decisions but what has he done about it

this is their problems, they will not do anything before they leave.

you no know the oil sector. you think na everybody get oil? since e get capacity others no go wan build again.
late yaradua caused all this trouble, he for allow obasanjo sales to go ahead.
if na only him money him use, no problem. but if govt favours dey, then i get problem with that. anything buhari na bad news

many don say am, anytime these people are in power, it's just bad news for everyone

ceejayluv:
Did Dangote stop other refineries from being built? Tell me one area that Dangote even has Monopoly. We have BUA, Unicem in the cement sector. Dangote couldn't even compete in the tomato paste sector. He's going head to Head with golden penny in spaghetti. Or is it the salt and sugar? Name one area where he has completely monopolized.

i agree with you. this is the end of nnpc. na dem to blame. people wey work for nigeria airways come lose everything because of corruption

Pluto33:
Did he stop you from reviving the 3 moribund refineries that have gulped over $30Billion for turn around maintenance over the years and yet to refine one drop of PMS till date?