₦airaland Forum

Pastoshizzy:
Make this people do refinery for their people so petrol and diesel price go fit go down. Dem just they hide under promises and more promises.
Tax break koh..tax bend ni.
What is the life expectancy rate for a production company as of now (real time).
Dem for say na palliatives dem wan give them .

vanitybutiwanti:
keep quiet igbo man, I just read a thread where umahi terminated a 17km road contract which was to be constructed for 270b because of the exorbitant proposed cost, do you know more than umahi an accomplished engineer? sod off and go suck sims balls hypocrite.

It's not as if part of the money will even get to with your hate induced support, there is no justification for a 12km road being constructed for 225b especially when julius berger is constructing 36km Bonny bodo road with long bridges for 200b plus an additional 20b which was added recently after a review, you condem others and justify theft when it's done by people you support, it's best for you to shut the fhuck up if you want to be selective in your criticism.

vanitybutiwanti:
keep quiet igbo man, I just read a thread where umahi terminated a 17km road contract which was to be constructed for 270b because of the exorbitant proposed cost, do you know more than umahi an accomplished engineer? sod off and go suck sims balls hypocrite.

It's not as if part of the money will even get to with your hate induced support, there is no justification for a 12km road being constructed for 225b especially when julius berger is constructing 36km Bonny bodo road with long bridges for 200b plus an additional 20b which was added recently after a review, you condem others and justify theft when it's done by people you support, it's best for you to shut the fhuck up if you want to be selective in your criticism.

vanitybutiwanti:
keep quiet igbo man, I just read a thread where umahi terminated a 17km road contract which was to be constructed for 270b because of the exorbitant proposed cost, do you know more than umahi an accomplished engineer? sod off and go suck sims balls hypocrite.

It's not as if part of the money will even get to with your hate induced support, there is no justification for a 12km road being constructed for 225b especially when julius berger is constructing 36km Bonny bodo road with long bridges for 200b plus an additional 20b which was added recently after a review, you condem others and justify theft when it's done by people you support, it's best for you to shut the fhuck up if you want to be selective in your criticism.

seunowa:
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the Port Harcourt refinery is on track to meet its August deadline for producing petroleum products and will be able to supply 10 to 12 million liters of petrol to marketers.

The National Operations Controller of IPMAN, Zarma Mustapha, made this statement in an interview with Channels TV on Thursday.

Mustapha said the refinery will boost the supply of petroleum products in the country to about 11 to 15 million liters daily, and help ensure energy availability across the board.

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According to him, the refinery is set to operate independently and sell at the prevailing market price with little or no government interference.

“There is this understanding that the Port Harcourt refinery is going to perform independently and sell at whatever prevailing market price for them to recover their cost.




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“It is not going to be run like a government entity as it has been before. I believe that the refinery coming up, will really boost the demand and supply of PMS to nothing less than 11 to 15 million litres daily.

“I am confident and optimistic that this August deadline is going to be a realistic deadline. It will come on stream and fully produce all the necessary components that the refinery is supposed to produce. At least, at its capacity of 0,000 barrels, can give you 10 to 12 million litres of PMS,” he said.

Price Reduction of PMS

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Commenting on whether the refinery will help reduce the price of petrol in the country, Mustapha said that might be the case if the operators decide to sell at a subsided rate.

He, however, explained that the refinery has to recover its cost of operation, particularly the $1.5 billion loan it obtained from a creditor for its maintenance in 2021.

Accordingly, the spokesperson of the marketer said since the operators are also buying crude at an international price, they will have to recover their cost also.

“It depends on how much they are willing to sell. How much did they get the crude? Because they’re buying the crude at an international price too. They have to pay back the loan they took also.

“The $1.5 billion is a loan they took from one of these African financial institutions. I don’t know which one among them. They took the loan with the promise of paying back with whatever recoup from the earnings of the refinery,” he added.

What you should know
Despite being an oil-producing nation, Nigeria does not have a working public refinery. The country has four state-owned refineries, which are located in Port Harcourt, Kaduna, and Warri.

The lack of functional refineries has forced Nigeria to rely heavily on imported refined petroleum products, which has had a significant impact on the country’s economy.

NNPC boss, Mele Kyari, recently assured that the Port Harcourt refinery will commence operations this August. He also stated that the other three refineries in Kaduna and Warri would start operations in the second half of 2025.

This announcement comes as part of the government’s ongoing efforts to revitalize the nation’s refining capacity and reduce dependence on imported petroleum products.

However, there are doubts about this pronouncement because this is not the first time Kyari has made such a projection. Previous deadlines for the resumption of refinery operations have not been met, leading to skepticism about the feasibility of the current timeline.

Follow us for Breaking News and Market Intelligence.

Tags: IPMANPort-Harcourt Refinery
Cyrus Ademola
Cyrus Ademola
Cyrus Ademola is a political and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and political analysis. His works have been featured on different media outlets, covering from politics to business trends, to crime and security as well as the real estate sector.

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vanitybutiwanti:
And so what? Wike did transkalabari Road phase 1 on the sane terrain for 36b, who is spreading falsehood? Is the terrain worse than the lagos to calabar coastal highway terrain? That's how you guys accuse others and protect people you support, just imagine if it was Tinubu or a politician from a party you hate doing 1km of road for 19b, all hell will be let lose, I'm very happy the politicians know all of you are hypocrites that's why they keep doing what they do without yielding to your hypocrisy, there's no justification for doing a 12km road at 225b regardless of the terrain, it is pure money laundry and stealing, get that into your skull.

ruggedtimi:
If is actually a fraudulent event, good job by the ministry. But the minister looks like a power drunk woman.

vanitybutiwanti:
I'm not like you guys that talk about things they know nothing about, you don't even know anything about the man you're supporting, this is just a tip of his malfeasance, people turn a blind eye to his misdemeanours because he is fighting wike, at 225b for 12k, that's roughly 19b for a kilometer of road, even the almighty lagos calabar coastal highway passing through swamps is being done at 4b per kilometer by FG. Is Rivers state richer than FG?

vanitybutiwanti:
you know nothing Mr man, are you from Rivers State or you're just an emergency sim fubara supporter because of his fight with wike?

vanitybutiwanti:
not a trillion, at least 1b per plot, I don't know why you think it's not possible, he's not a saint, in fact, at this pace he's going to be the biggest governor looter in Rivers state, how do you explain doing a 12km road for 225b and the demolished House of assembly building for 19b, that's just a few of the heist he has carried out, I can list others. People are not paying attention because he's fighting wike, he has been on a property acquisition spree both home and abroad, he's trying to outdo the fomer Rivers state governors.

He has also turned the city upside down, there are places where bike and tricycle were not allowed to ply when wike was governor for security purpose, this guy just came and scattered everything, not only that the city is also now very dirty.

vanitybutiwanti:
not a trillion, at least 1b per plot, I don't know why you think it's not possible, he's not a saint, in fact, at this pace he's going to be the biggest governor looter in Rivers state, how do you explain doing a 12km road for 225b and the demolished House of assembly building for 19b, that's just a few of the heist he has carried out, I can list others. People are not paying attention because he's fighting wike, he has been on a property acquisition spree both home and abroad, he's trying to outdo the fomer Rivers state governors.

He has also turned the city upside down, there are places where bike and tricycle were not allowed to ply when wike was governor for security purpose, this guy just came and scattered everything, not only that the city is also now very dirty.

vanitybutiwanti:
very possible, you can go there yourself, it's in Forces avenue, I know you're surprised and you think Fubara is a Saint, una never see anything

vanitybutiwanti:
very possible, you can go there yourself, it's in Forces avenue, I know you're surprised and you think Fubara is a Saint, una never see anything

Goodvibes007:
As shared on Lagos State Government Social Media Account.

ogododo:
The Serving Overseer of the Citadel Global Community Church, Pastor Tunde Bakare, on Wednesday, berated Nigerian politicians for living large and asking the rest of the citizens to make sacrifices.

Bakare who contested for the All Progressives Congress presidential ticket before the 2023 elections, said this at the Wilson and Yinka Badejo Memorial Lecture 2024 held in Lagos.

Speaking on the recent hunger protests in the country, he stressed the need for dialogue rather than confrontation to resolve the challenges facing the country.

His wprds: “All parties must approach the dialogue table with open minds, effective communication and empathy. Open and honest communication helps to establish transparency, making intentions and actions clear.

“When leaders communicate transparently, they demonstrate that they have nothing to hide, and that builds trust.

“Empathy is a bedrock of dialogue. It requires us to see beyond our own perspective and seek to comprehend the experiences of others. The ability to feel with others, to share in their joys and sorrows.

“It also means sitting where the people sit, as in the book of Ezekiel – feeling their pains and sharing their burdens. An empathetic leader does not feed fat while asking the people to tighten their belts. Nigerian political leaders have mostly not demonstrated empathy. Otherwise, how do you live so large while your people are ravished in (penury)?”

According to the cleric, hunger knows no religion, tribe or political party.

https://politicsnigeria.com/you-cant-be-feeding-fat-and-ask-citizens-to-tighten-their-belts-tunde-bakare-blasts-fg/

Fighttillvictory:
UK will burn with her British empire for the atrocities and genocide it committed against biafrans from 1966 till date. this is just the beginning

SATANICALLY:
https://x.com/dipoaina1/status/1820725363162431491?s=19[/quote]Don't give yourself useless hope, Tinubu can't even Rig in 2027.

NGsultan:
https://saharareporters.com/2024/08/08/breaking-whatsapp-group-launched-promote-oyo-governor-seyi-makindes-presidential

Salewa97:
When will they learn that beating up their own leaders won't change the narrative?

It's like fighting against the wind while expecting to fly. APC drama continues in full force.

Salewa97:
This is just a minor squabble among aides, nothing to worry about.

Tinubu is focused on delivering for Nigerians, and that’s what matters.

People should understand that communication can sometimes be mismanaged, but the president’s vision remains clear.

Let’s not lose sight of the bigger picture; unity is key!

chrisxxx:
FG will back Fubara who threatened to deal with Tinubu who subjected him to signing an agreement under duress.

chrisxxx:
The state doesn't have more than FG.

Papparassi:
https://punchng.com/wikes-men-threaten-attack-on-fubaras-property/?fbclid=IwY2xjawEhVGhleHRuA2FlbQIxMQABHVfqw_Xw47KGJmTViRL3h9wZBqo2jGhBolRr58hHXKf4B7k4VQIljJNvRA_aem_APUQQDtwM1n6XVDFbwRzWQ

CriminalTinubu:
Drug cheat
Spits*

AustineE1:
The most nepotistic president ever...is there nothing like shame in some peoples dictionary?i spit.

fxexperts:
Offer letter for how much salary na. It is not by receiving peanut offer. Any employer who ask me to come for a physical interview anywhere i will just tell you where i am and remind you that you will definitely re-emburse transport to me at least. I started doing that after one usless company invited me all the way from port harcourt to Ikoyi Lagos. i took flight and chartered taxi from the airport down there and i found out that the company is in one rented building there in Ikoyi i was already boiling, when i was been interview the useless MD wanted me to do a business bidding for a contract the are planning to apply for, after i knew i have been used ontop my hard earned money, i insulted the living day light out of the MD and all the usless boys he was using to do his useless bidding and warned them never to ever call my number again. this incident happened in 2019.

Chommy123:

https://www.youtube.com/watch?v=SN5-2Jruq2A?si=PowL3E0aKKAM0JWn

bestsales20:
This is actually rude and foolish. The best would have been to simple ignore or drop your suggestion "respectfully". Didn't you see the location before you applied? Didn't they offer you ample time to prepare for the interview.

To even have the guts to post it here. No sane person should employ a loud-mouthed and rude person like you. If NNPC or Shell sent you that invite, would your reaction had been the same?

dinomalaiye:
But why can't we adopt this method instead of this widespread protests?

helinues:
Sit down there. By 2031 election, SW want to be neutral like NC. We must have done something tangible and meaningful in our region which would consume our time than pokenosing into national politics .

Na those who need us go con beg us for votes

Salewa97:
Tinubu is not clueless; he’s strategically positioning Nigeria for long-term benefits. Subsidy removal is a tough but necessary step towards economic growth. We should focus on supporting policies that enhance local production rather than pointing fingers. It's time for constructive dialogue, not baseless accusations. Let's give our president the chance to implement his vision!

omohayek:
And how are the refineries supposed to "work", when the price of their output is lower than the cost of their inputs? With what funds are they to be repaired, and then maintained? Where is the money to cover their losses supposed to come from? Is it with the very same FG revenue that's being guzzled by the oil subsidies you want kept in place?

It's funny how those who lack an understanding of basic financial concepts of profit and loss are the quickest to offer their imagined insights into economic problems ...