₦airaland Forum

Deepthoughts:
I like your simple and straight forward responses,I agree with you but the government would have to establish a working relationship with the refinery owners especially in the area of local crude sale prices,it would not be feasible for the refineries to buy crude at international price n expect refined products to be cheaper n affordable.

It's only a mad person that will import crude while we get plenty for here. They wont even try it.

Deepthoughts:
Sure the NLC N FALANA n co made some noise but the northerners were very vocal n vehement in their calls,same way they shut down the redecimalization plan of soludo to improve the value of the naira against international currencies n thereby push up the economy,Ghana did same n their currency is much higher than the naira today,if it's true all the refineries you mentioned are in the pipeline then there's hope,but for how long should it take such small refineries to become functional?

Am not an economist, so i dont k ow much about redecimalization of the currency by soludo and i believe economist on the group can explain that. Depends on the capacity the refineries and availability of cash will determine the duration of such project also you can see that 2 or 3 are almost completed for commission. Hope u remembered when sim cards first came out it was 10k - 15k and u remembered call rate and 15 box to send sms but today due to competition sim is now 500, sms is 4# thats how it will be, when most of these refineries comes up. Competition will crash the price of fuel and it will become cheaper.

festacman:
FG has to find a way out. May be revert to what NNPC call "under-recovery" or something that can be managed with minimal leakage in order to avoid backlash effects of the fuel price increase in the short run.

It's either
1) we allow subsidy returns and the fraud in it continues.
2) allow full de regulation of the sector and let the private sector determine the price as the already want to, selling fuel for 190#.
3) we patiently wait for all the refineries to come up and competition starts and price will crash.
The choice is ours.

Deepthoughts:
immediately yar adua took over from obasanjo his northern kinsmen pressurized him into cancelling the privatization of the refineries, claiming obasanjo was selling national assets to his political friends, Johnathan tried using original builders of the refineries to turn them around but buhari came n said it was all corruption, revoked the contracts n promise using local manpower to achieve same objective while also denying the subsidy payments, buhari was always questioning how the revenues from oil were used when the price was high, eventually buhari eliminated the subsidy regime after baptizing n renaming it as UNDERECOVERY!, buhari has turn out to be a monumental failure n now the price of oil is picking up internationally,what he has always wish for,but it's all turning out the curse rather than blessings,now I wonder were are those who use to praise yar adua blindly?,has buari gotten the answers to his Incessant questions?,.our only saving grace will be the Dangote refinery n that's if our government will go into a mutual relationship with them when they finally takes off,but frankly I just wonder the kind of person buhari is?.

Pls stop twisting stories, it was nlc and people like falana who made obasanjo not to sell the refinery to dangote and otedola then. All the people that were given licenses during gej to build refinery, none could even my company then, before the licence were withdraw from them. It's not only BUA or dangote that are building refineries thou they building the larger ones. We have lot of modular refineries coming up in imo, rivers, edo, bayelsa etc. There presently 26 companies building refineries in nigeria sir.


Waltersmith Refining &
Petrochemical
Company Limited
Ibigwe Imo 5,000 Topping Plant ATC Mar-17 NA Construction
completed;
Plant at
Commissioning Stage
2 OPAC Refineries Umuseti, Kwale Delta 7,000 Topping Plant ATR Sep-17 NA Construction
completed;
Plant at
Commissioning Stage
3 Dangote Oil Refinery Company Lekki Free Trade Zone Lagos 500,000 Conversion Plant ATC Dec-17 NA Plant Construction
currently ongoing @
71% completion
4 American Exploration Company
Nigeria Limited
Egboide Delta 21,000 Hydro-skimming Plant LTE Aug-18 Aug-20 Valid
5 Ikwe-Onna Refinery Ltd Ikwe Akwa
Ibom
5,000 Topping Plant ATC Oct-18 Oct-20 Valid
6 Eko Petrochem & Refining
Company
Limited
Tomaro Island Lagos 20,000 Hydro-skimming Plant ATC Dec-18 Dec-20 Valid
7 Petrolex Oil & Gas Limited Ibefun Ijebu,
Odogbolu LGA.
Ogun 20,000 Conversion Plant ATC Dec-18 Dec-20 Valid
8 Edo petrochemical refinery
limited
Ikpoba-Okha L.G.A. Edo 6,000 Hydro-skimming Plant ATC Mar-19 Mar-21 Valid (Construction
Ongoing)
9 Lowrie Refinery Limited Ika North LGA Delta 5,000 Topping plant LTE Jun-19 Jun-21 Valid
10 Excel Exploration & Production Peretorugbene
Community,
Ekeremor L.G.A
Bayelsa 5,000 Topping Plant LTE Jul-19 Jul-21 Valid
11 Conodit Refinery Nigeria Limited Umukwata Delta 20,000 Hydro-skimming Plant ATC Jul-19 Jul-21 Valid
12 Duport Midstream Egbokor, Orhionmwon
L.G.A.
Edo 10,000 Hydro-skimming plant ATC Sep-19 Sep-21 Valid
13 Clairgold Oil & Gas Engineering
Limited
Koko Delta 20,000 Hydro-skimming Plant ATC Dec-19 Dec-21 Valid
14 Ogini Refinery Limited Ogini, Kwale Delta 5,000 Topping Plant LTE Dec-19 Dec-21 Valid
15 Etopo Energy Plc etc

festacman:
Good and necessary as it may be, FG should SOFT-PEDAL on deregulation and do EVERYTHING and ANYTHING constitutional to make pump price of petrol not to go above the current price. Any significant increase will come with massive increases of prices of consumer goods and services with adverse effects on purchasing power and the economy in general.

Therefore, it is important to maintain status quo while working with Dangote group, BUA Group and other licenced private refineries to fast-track the opening of their refineries to cut off shipping cost, insurance cost and other costs that are associated with importation of refined fuel.

Only then can Nigeria trully gain as OPEC member from crude oil price increases in international market.

Which means subsidy as to continue, or else nothing can be done. You see all those ipman and shits, all they waiting for is to feast on deregulation so as to make excess profit. They dont care about d masses.

Asour:
A 10 yr old being part of a robbery/murder gang is certainly not a government issue. Someone else has failed here and I think we know who.

Thank you, his family as failed him and there not of kids from hus kind of background who are determined to be better people in life. The family should be held responsible for these. His family failed him.

[quote author=CaptainFM1 post=99130935]Let's just say that Nigerian Police have changed and are now civilised. They now understand animal rights so they wouldn't shoot innocent dogs.

What can we say about the person(s) they came for? This is one of the things that makes Nigeria tire me! This is nothing more than obstructing law enforcement agents to perform their duty.
[/quote


Thank you, if they shoot the dogs now , the same people laughing will call them names. I just sorry for the guys if they arrest them at the end.

LastProphet:
He can only help in the case of OPEC where the position goes to a country and not the individual perse, as for the rest the CV of the person is the highest factor. The Hausa OPEC guy is the only one that owe Buhari much

Brother let be truthful, Buhari nominated them. Buhari. Withdrew the first person Nigeria nominated and replaced it with madam beautiful iwela, that was the first thing Egypt tried using against her, they are name replacement was late but Egypt failed. Let give honor to who it's due for even with Buhari flaws.

CodeTemplar:
That's natural. Its part of the offshoot of subsidy removal.

If FG should remove subsidy from schools too, it could take hundreds of billions off FG's neck and take fees of fed unis to N600k per student.

Haa you just want Nigeria to scatter remove subsidy from education. Bros relax now. Nigerians like free things ooo. Subsidy removal in nigeria wont work until we have private and Government refineries. Even if they allow the private sector back into importation of pms, price will still go up and there wil be so much scam and Adulterated products everywhere.

pazienza:
The Western Igbos as they were known in colonial times became Midwestern Igbos post 1963 and then Bendel Igbos post 1970. They later became Delta Igbos from 1991 and was later christened Anioma by an Ohaneze Ndiigbo chieftain, Dennis Osadebay , an Asaba man.

Anioma is an acronym for the four main Igbo speaking units found in Western Igbo.

1. A= Aniocha
2. N= Ndokwa/Ukwuani
3. I= Ika
4. O= Oshimili


MA= was arbitrary added to make it sound close to an Igbo word, hence ANIO-MA. Meaning beautiful land in Igbo language.

Of the four units above. Aniocha and Oshimili , where Okonjo hail from and who are jointly called Enu-ani (Upland) are on the majority proud of their Igbo identity as they share boundary with South East.
Whereas the Ika ( where the Army chief Irabor)hail from do not share boundary with SE and have a rather intense boundary relationship with their Edo neighbors hence are neck deep in identity crisis.
The Ukwuani where Sunday Oliseh hail from have boundaries with Isoko and Urhobo people and have too much interactions with these non Igbo tribes, hence are deep in identity crisis as well.

So yes. The Igbo in South East have over time come to realize Ika and Ukwuani/Ndokwa hostile nature towards us and their Igbo denial, hence we are quick to deny them too.
But for the Enuani (where Okonjo, Jay jay Okocha, Nzeogwu, Pat Utomi) hail from, with exception of places like Issele uku, the people from this part are proud of their Igbo identity and Ndiigbo in return are quick to embrace and support them.

Thanks you explained it more better. Now i understand better.

Ekealterego:
You guys should stop commenting on things you know nothing about. ANIOMA is a newly formed word for Igbo and Igboid speeeaking groups in Delta state. The Westernmost part (Ika (Agbor and Ukwuani) are the areas where there is an identity crisis but the area where Ngozi comes from do not have any of such crisis.
Ngozi herself confirmed where she is from in a book I read recently....It is also obvious from her name, "NGOZI"

I asked a question cos i didnt understand the argument then when they said the chief defence is not an ibo and madam iwela is igbo. All i asked for was clarification and nothing more. Just want to learn more.

ibuildstuff:
She's from anioma, anioma are Igbo as well, what's ur problem?

But the same people said the chief of defense staff is not igbo. Guess the guy is from anioma too?

As much as i was not in support of the protest, these is bad and inhuman, means nigeria police force as a long way to go. I won't support such its inhuman and calls for all those involved to be sanctioned

Arabiandude:
Is Abdulsamad Rabiu not constructing a 200k BPD refinery also? Isnt that competition?
Or it's only when an Igbo man builds his refinery that people like you will agree that there is competition already?

And they are lot of modular fefineries coming up in imo state, Edo State, Delta State, BUA in Akwa ibom etc.

Vardanes2:
1.I doubt government is going to give fuel marketers the dollars to use 'at a favourale rate'. (Anyone that should be getting dollars at a favourable rate should be manufactuerrs only)

2.At the end of the day, the only way for the marketers to get enough naira to fund their search for dolalrs to import...should government allow them to import again would be by removign subsidy, and allowing them to set the price of fuel...not government.

3.When they have earned enough cash, they should consider building a refinery for us, to add to the several being built on ground. Them can't import forever.

4.The last time Nigeria allowed marketers to import fuel..those were the days of sfake subsduy claims, and mass smuggling arising from the fact that rising oil prices made it dififcult for government to keep on sustaining subsidies comfortably (which led to the phenonemom of many private makreters outside Lagos and Abuja and some of the big cities charging much higher than the official price...and chronic fuel scarcity).

There is a reason why fuel prices keep on going up..and recall that GEJ would have ended all that mess as far back as 2012...if the pepople of Nigeria had given up their addiiction to cheap fuel...which by the way isn't really cheap.

So spot on. But the truth is Nigerians wont accept that. Allow them fix price lol if u ever work in a depot you will accept those people do not have mercy, So its going to be very hard. Nigerians will shout blue day murder if we allow them to start fixing price.

ogub:
Is it only the northerners that are building private refineries now in Nigeria?

You wrong there lot of modular refineries coming up in edo, imo, delta etc. Thou smaller capacity refineries. Its not an easy task to build refineries. During GEJ regime a lot of companies got the licence to build refineries but no single one could, until the licence was withdrawn from them. It takes mega companies and foreign assistance to build heavy capacity refineries.

debbydams:
..I like u man, my ex did thesame I beged tired, sometime when i.called him heard lady voice, I stopped calling after a month he called I told him I'm busy.. I hate one sided love, if I stopped loving u, if u like buy me iphone � 12 i.wont even like u nd I might even reject it

Lol u might reject the iPhone 12, which means there's 80% probability u might collect the phone and will not give him a second chance. U won kill d guy double hrt break

isthatso:
today you will remmember Delta is ibo, when they appoint service chief from delta, you will say Delta is not ibo

Thank u, i was about saying that cos i was getting confused. The irabor guy they say is not igbo now they claiming she's igbo. I call my babe igbo so what's really going on? They need to set these issue straight, either they igbo or not.

oluwaseyi0:
Which one of your listed point will prayers exempt anyone from?
Prayers already failed as usual

Replace vaccine, covid preventive measure with fasting and prayers and watch death skyrocket

Let's try scientific vaccines the saviour, the one, only and true hope of the planet

I just have to chip a lil to join what you just said, and hes even lieing a friend in the USA told him, read the jargons he wrote there. Am sorry to say these as a Christian hes a pain sometimes, seeing christain writing lie. Vaccination is to build antigen to produce antibodies to fight d diseases. Been vaccinated means u save from the danger of the diseases.

lilfreezy:
They are soldiers. Their gender are leading the line in Siria, tacking isis.

Why dont you try one of them first and you know women Army are more brutal than the men. Cos they will want to show you they are not a weakly gender.

JackWolfskin:
All Northern Governors gave N50 million.

Governor Nyesom Spending Wike gave N500 Million.



Slawormiir, Does this make Wike a real Nigga?

Sorry were did u see northern governors or (NGF) nigeria governors forum which consists of all the 36 state governors.

KingMack:
I'd love to build a bar in this setting

That's true, smart man see as u don creat something out of someone's creativity.


.

No matter what, the guy has no right to put his hands on her, he needs to be arrested. Also until people start to realize thier is more to outer appearance the better relationships will be. I dont know how wrong i might be, but some kind of jobs should be red flags. It's people with strong hrt and people with opened mind that can sustain such relationships.

davodyguy:
If he's competent and I can trust him/her not to betray me, why not?

Really, am impressed, that's if its really from your mind but i can bet u 95% of people on nairaland wont try it, if they are asked to choose their coas as the president.

davodyguy:
Biden appointed a Black man as DS (more like head of the Military) why is he trusting a black
man and not a white man like himself?

I said you as a nigerian. America do not have a multi culture and tribe like us. Can you do it? Yes or no sir.

davodyguy:
That is my question as well

Can't he appoint a Southerner as CAS?

Be truthful and be fair to yourself can you be the president and put that position in the hand of a fulani in respect of the tribe you come from? We should learn from past mistakes, just like Gej did and it almost cost obj too.

Kingpele:
Bia, I don't want to think that many criminals are now hiding behind fulani attire to commit some atrocities ,it is definitely possible ,now we don't hear of notorious kingpins and their boys ,every criminal act is now associated with fulani herders but it serve them right ,if they respected themselves and live peacefully with their hosts over the years no one would have impersonated their tribe

So right, as much as these notorious herders new pisses me up, we just need to understand people will take advantage of situations, and that is what they doing now. I just tire of all these security agencies. Why cant they control these mad herders once and for all?

bobowaja:
Tunde is not working in fcmb. Fake news producer.

Thank u, i was about saying so. Why try twist d story?

The greatest mistake a man/ woman can make in life is to marry into a bad family and also marry a bad wife / husband and join. Guess so many of us have a story to tell having bad and shameful in- laws.

heniford2:
lies the government can strick a deal with them asking them to repair and manage it for so,so and so period during this period the fed government fix the prices too simple

How can goverment fix price when it's not a partnership stuff. Means they will b in charge of the refineries till the end of which ever years the agreement expires. We talking about removing subsidy and we shouting increament wait till they have the refinery then, you will know how greedy they are. That refinery are old, we need to build new Morden refineries.

Nchenches:
If Dangote makes the request to take over the refineries, PMB shall quickly agree.

Meanwhile, Dangote spends loads of its profit in adverts on CNN nearly every few minutes.
What’s the essence of naming Dangote every few minutes on CNN?
Does Dangote operate for CNN’s benefit?

Yoo so wrong sir, during obasanjo regime the refineries were almost sold to dangote and otedola but the labour kicked against it and it was reverted and as of jonathan regime over 10 companies got licences to build refineries and ni single one made any attempt to do so until all the licenses were withdrew from them. Our rifineries are old and outdated, nigeria need to build new ones. When you talk about the oil cabals or oil mafias they from the down stream sector.

thebosstrevor1:
If marketers fix the refineries, then they will have power over government and create a very powerful cartel. government need to have leverage.

Thank you my brother, i guess some people just Dont know what going on in the oul sector, anything they agree just to insult the goverment, you allow d oil cabal repair the refinery then you just gave the greedy oil mafia the power they been craving for. Una go buy fuel for 500 naira. Guess they dont even know d people in the down stream sectors very corrupt and profit driving people. That refinery needs to be taken down and new one built, they are obsolete, we need mordern day refineries.