Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,148,698 members, 7,802,061 topics. Date: Friday, 19 April 2024 at 08:35 AM

Kay10's Posts

Nairaland Forum / Kay10's Profile / Kay10's Posts

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 19 pages)

Phones / Re: Subsea Cable: Glo Shades MTN, Others (Photo) by kay10: 12:24pm On Mar 20
I will recommend glo for guys,they are not like before,they have improved in my area,pls give it a try
Phones / Re: Internet Outages Experienced In Nigeria Over Damage Of 3 Undersea Cables by kay10: 8:13pm On Mar 14
All banks apps are currently experiencing Internet glitches

46 Likes 3 Shares

Food / Re: Which Of These Would You Choose For Breakfast? (picture) by kay10: 12:55pm On Nov 05, 2023
D

1 Like

Politics / Re: Planned strike: NLC, TUC leaders arrive State House by kay10: 9:27pm On Oct 02, 2023
Strike called off.i am not surprised.
Education / Re: Mention That Topic In Mathematics, That You Still Do Not Understand. by kay10: 10:11pm On Sep 04, 2023
Word Problem
Nairaland / General / Re: Nigeria: Military Reject 'highly Unpatriotic' Calls To Sabotage Democracy by kay10: 8:34am On Aug 13, 2023
Let the suffering continue,one dollar is already 1000 naira and 1 liter of petrol is going to 800naira yet government has no solutions to the problems on ground saying that market forces will adjust itself as it goes on.
I want to ask questions, a country that is blessed with full natural resources but yet 150 millions of its population are poor,should we say it normal ?
Sports / Re: Nigeria Vs England: FIFA Women's World Cup 2023. (2 - 4)pens On 7th August 2023 by kay10: 11:05am On Aug 07, 2023
PNomsule:
This ordega girl should never had come on joorr
idont understand what the lady is still looking for

1 Like

Politics / Re: FG Should Fix Our Refineries And Stop The Sharing Scams by kay10: 6:17am On Jul 21, 2023
From my own view,it is a curse and abomination to fix a refinery in Nigeria 🇳🇬, it will never work,it has been program by unknown forces that are unknown to common man
Politics / Re: NNPCL Monopoly Ends As Marketer’s Fuel Vessel Arrives by kay10: 5:48am On Jul 20, 2023
Pls i dont understand,How will price of petrol goes down when dollar is rising everyday,is it not the same forex they will use to purchase petroleum products.I think it time for us to face the reality
The solution now is to start granting emergency licences to new investors willing to build refinery in Nigeria since the ones we have are not ready to work despite huge amount being spent on them
The government should allowed foreign investors to take over our 4 local refinerys with the petrochemical refinery since it can't be revived by Pdp and Apc government
The government should not depend on dangote refinery to be a major player on the this sector as another monopoly might set in.
What we should be thinking now is healthy competitors among our refinerys

76 Likes 6 Shares

Politics / Re: Where Is NLC And TUC, things are getting out of hand by kay10: 5:16am On Jun 27, 2023
helinues:


What is happening in Nigeria that never happen before?
Politics / Re: Where Is NLC And TUC, things are getting out of hand by kay10: 5:15am On Jun 27, 2023
Bros,go check nigeria history, things has never been like this
Politics / Re: Where Is NLC And TUC, things are getting out of hand by kay10: 4:38am On Jun 27, 2023
helinues:


That lyrics actually sound familiar.

The mandate has been swallowed by Shark, the location of the shark is 3 nautical miles to Antarctica, go and retrieve it there
Bros,it seems like u are one of Apc internet defenders and also u are not in nigeria,it seems like u chatting from Iceland,it seems like u don't actually understand what is happening in nigeria rightnow,the suffering is getting out of hand, the bad policy need to stop before poor people start committing suicide.

2 Likes

Politics / Re: Where Is NLC And TUC, things are getting out of hand by kay10: 4:29am On Jun 27, 2023
Things are getting out of hands, the dividends of democracy in nigeria is suffering,it hard to believe that some motherfuckers are still backing the draconian policy implemented by Apc government without considering common people, this is too outrageous to bare.
Autos / Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by kay10: 4:07am On Jun 27, 2023
wasuka14:
You and your gene have been dying miserably and will continue to do so. We the progressive, can't you see that we keep flying high and high. Your caliber keep crying and crying. Hunger and miserable will finish you and your gene.


U are real oloriburuki
Family / Re: People Are Suffering. by kay10: 9:55pm On Jun 24, 2023
Guys,i don't Nigeria politics again, things are getting out of hand

3 Likes 1 Share

Politics / Re: BREAKING: Industrial Court Restrains NLC, TUC From Embarking On Strike by kay10: 8:01pm On Jun 05, 2023
Cyberterror:
Joe Ajaero has been rendered useless. He is a frustrated dwarf looking like a General without an army.
monkey brain
Politics / Re: BREAKING: Industrial Court Restrains NLC, TUC From Embarking On Strike by kay10: 7:32pm On Jun 05, 2023
Nigeria is gone if NLC should abide with this motherfucker rulings
Politics / Re: BREAKING: Industrial Court Restrains NLC, TUC From Embarking On Strike by kay10: 7:29pm On Jun 05, 2023
Impossible
Politics / Re: Fuel subsidy: Court restricts NLC, TUC from going on strike by kay10: 7:00pm On Jun 05, 2023
Meanless
Business / Re: We Are Working To Avert Further Naira Fall – CBN by kay10: 2:00pm On Jul 29, 2022
Nigeria is gradually sinking, how would I avoid this,Lord
Politics / Re: Subsidy Probe: Reps Say 23 Oil Firms Unknown by kay10: 3:26am On Jul 29, 2022
The current minister of Petroleum Resources in nigeria is the our president,I wonder if buba is not aware of what is going within the ministry.This is a big shame that a country with enough natural resources especially Petroleum cannot account for what is going on within Petroleum ministry.
Business / Re: Dangote To Stop Sourcing FOREX From CBN by kay10: 8:57am On May 13, 2022
In a couple of years, they will stop sourcing for foreign from central bank,however I will advise that they should stop now as inflation in nigeria has double.Naira is seriously losing his relevant in the market.Things are extremely expensive now
Satellite TV Technology / Re: Was Mermaid Caught In Nigeria As Claimed In Viral Facebook Post? by kay10: 3:31am On Apr 22, 2022
Ask the sailors that travel frequently,they will tell u that they are real.
Phones / Re: Samsung Galaxy A33 Vs Samsung A23 Vs Samsung A32 Camera Comparison (photos) by kay10: 3:02pm On Apr 14, 2022
A32 has my vote
TV/Movies / Re: What Is The Most Interesting Movie You Can't Get Tired Watching? by kay10: 2:28am On Mar 03, 2022
Passengers’ 2018

Jennifer Lawrence and Chris Pratt are passengers who wake up in the middle of a starship voyage in a romantic sci-fi thriller that begins promisingly but gets lost in space.
Politics / Re: El-Rufai: State Governments Will Support Total Removal Of Fuel Subsidy by kay10: 7:29am On Nov 24, 2021
Nigeria government is a big scam,what exactly is the problem of nnpc refinery, why can't this useless government is lease out the refinery for foreign investors?



https://guardian.ng/news/nigerias-26-5-billion-maintenance-cost-enough-to-build-three-new-refineries/


Nigeria’s $26.5 billion maintenance cost enough to build three new refineries
By Kingsley Jeremiah, Abuja
21 March 2021 | 4:32 am

Port Harcourt refinery.

• Proposed Refinery In Katsina Costs $2b, TAM For Old Facility $1.5b
• $1.5b Fresh Approval Higher Than 10-year Capital Allocation To Health
• TAM Three Times Higher Than 10-year Education Budget

The whopping sum of $26.5b, which the Federal Government has so far spent on the maintenance of its loss-making 445, 000 barrels/day capacity refineries, is capable of building three new refineries of the same size going by the cost analysis of refinery projects across the world.

Besides, the latest approval granted by President Muhammadu Buhari, who is also the Minister of Petroleum Resources for the rehabilitation of the 210, 000 barrels per day Port Harcourt Refinery is higher than the total capital allocation to the health sector by successive governments from 2009 to 2018.

Costing close to the $2b proposed refinery expected to be built in Katsina, Nigeria’s spending on refinery maintenance is, in fact, three times higher than the entire budgetary allocation to education between 2009 and 2018.

The Federal Executive Council (FEC), presided over by Buhari, last week approved the sum of $1.5b (about N575b), for immediate commencement of rehabilitation works on the largest refining company in the country, the 32-year-old Port Harcourt Refinery.

The Minister of State for Petroleum Resources, Chief Timipre Sylva, explained thereafter that contract for the rehabilitation was awarded to Italian firm, Tecnimont SPA, and would be executed in three phases. The first phase is expected to be completed within 28 months, Sylva said, adding that the second and third phases would be completed in 24 and 44 months respectively.

Nigeria has three refineries located in Kaduna, Port Harcourt and Warri. These assets’ installed capacity of 445, 000 bpd plummeted over the years until the facility got obsolete and currently processes zero crude, while recording massive losses.

The $1.5b approved last week for the TAM thus pushed the hitherto $25b for the same purpose to $26.5 billion. The previous figure was never refuted by the government.

Buried in corruption with series of probes at the National Assembly indicting public officials for misappropriating funds meant for TAM, documents on the financial details of previous maintenance exercises, especially since the military regime have been scanty.

A close look at some refinery projects across the world show that the country would have built about three efficient refineries if funds spent on TAM were used for the construction of new refineries, instead of continuously maintaining existing refineries, which were performing poorly despite several attempts to revive them.

The Pacifico Eloy Alfaro Refinery and Petrochemical Complex (Pacific Refinery) being constructed at El Aromo, Manta, in the province of Manabi, Ecuador is a 500, 000 barrels per day (bpd) facility, and was built for $12b. Dangote Refinery, a 650, 000 (bpd) integrated refinery and petrochemical facility is being constructed for about $15b. Kuwait is also building Al Zour Oil Refinery for $16b. The capacity of the refinery is 615,000 bpd.

With the nation’s three refineries having a combined capacity of 445, 000 bpd, the implication is that it would cost less than $8b to build a new 210, 000 bpd refinery in Port Harcourt (the same size with the existing one). It should also cost less than $8b to build a new refinery in Warri, where the existing one, which was built in 1987, has total capacity 125, 000 barrels per stream day.

The Kaduna Refinery has a nameplate refining capacity of 110, 000 barrels per day. If a similar facility were to be built in the area, it would cost less than $8b. The three refineries would therefore cost only about $24b.

2 Likes

Politics / Re: Petrol May Cost N340/litre After Subsidy Removal In 2022 — Kyari by kay10: 12:39am On Nov 24, 2021
Jaqenhghar:

Sharrap and go and triple your hustle my friend and stop insulting. Broke ass nigger.
Its broke asses that are quick to abuse people. Your mate is Obi Cubana. Do you see him on Niggerland complaining about fuel prices?
I wonder why someone like u were allowed to contribute to a very sensitive matter like this,bros ,u need to flog like a thief so that u can think like normal nigeria that is passing through the daily stress
Politics / Re: Petrol May Cost N340/litre After Subsidy Removal In 2022 — Kyari by kay10: 12:28am On Nov 24, 2021
Tarabye:

Sharrap, as everything hiked before did you stop eating or living. We'll survive no matter what they'll do
I think u are a big bastard

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 19 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.