₦airaland Forum

mapet:
Keep regurgitating same ole nonsense that makes no sense. You're just dancing around and you're dumb and empty. Has Nigeria exported Crude on a consistent basis? Do you even know that there are penalties for failure to supply committed crude? Tell me which commitment has Nigeria failed to meet to any international trader? Do you even know how NNPC claims its portion of Crude?

This dolt just pick disjointed bits and pieces from beer parlour and social media, and wants to talk about Oil and Gas that you have no clue about...

Dumbo, has Nigeria met its OPEC quota on a consistent basis?
Has NNPC been historically competent enough to even consistently meet its cash call obligation to its Joint Venture partners?

I'm waiting for you. It's really shameful seeing an old man double down on his folly. Hilarious and pitiable at the same time.

If with your years of experience you still can't understand what I've been saying on this thread. Now read it slowly.

NNPC has been notoriously incompetent at fulfilling its obligations. either in the upstream, midstream or downstream sections of the oil sector. You cannot rule out the risk of disruption in crude oil supply to Dangote refinery. I mean for goodness sake, NNPC is the sole supplier to and distributor for Dangote refinery.

mapet:
Keep shopping for disjointed cut and paste new to justify a no-point you're making...

If I have the slightest clue on how the Oil and Gas industry works? Child how old are you? Check my profile on Nairaland; my Oil and Gas experience is more than your age.

Guy get the f*ck off my mentions if you can't answer

1. Why there is fuel scarcity right now in Nigeria and the organisation responsible for it.
2. How there is absolutely no risk of crude supply disruptions to Dangote refinery with a grossly incompetent and corrupt NNPC.

If you can't answer these straightforward questions, then shove up your years of experience up your arse.

Old people are not immune to pride and folly, so just don't come playing the age card here. It's baffling to see someone with so called years of experience in the oil industry trying to sell us a dummy that NNPC can be reliable at anything asides inefficiences and corruption.

Dear Jagaban lovers,

What is the progress update on Tinubu’s eight point agenda he promised Nigerians in 2023? This is over one year now. How far?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

What about the 50 million jobs promised between 2023 to 2026? How many has Tinubu and his government created?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

mapet:
When you tell me what you know about Oil and Gas beyond this shallow display attempt at intelligence, I will believe I am conversing with a human being.
I ask again... the crude that had been exported in the past that earned us revenue that has driven the economy came from where? Your emptiness shows with every single of line sentence you post...

Guy, quit being stupid.

Only a fool places utmost faith in an organisation that cannot even consistently meet its cash call obligations with its joint venture partners.

Only an irredeemable fool places utmost faith in an organisation that just recently declared a state of emergency on crude oil production.

https://nnpcgroup.com/insights/nnpc-ltd-declares-state-of-emergency-on-crude-oil-production-calls-for-collaboration-to-reduce-production-cost

The only things NNPC is good at are ineffiencies and corruption. Get that into your thick skull.

If you have the slightest clue of how the oil industry works, please tell us who is the culprit behind the ongoing fuel scarcity. If that doesn’t help your thought process, then calling you a fool is an insult to fools.

Shift.

mapet:
Problem is that Social Media democratized idiocy, so the likes of you struggling with comprehension have a say....
Pray tell, how does one begin to engage a you that obviously have no clue at all about workings of the Oil and Gas industry? You lifted an out of context statement of Edwin to justify your jaundiced submission? Haba! borrow yourself some sense na! Why will Dangote Refinery not struggle to get crude when they did not sign any tangible commitment contract to feed the refinery till he finished the project? Your dumb self thinks Crude Oil just appears at Refinery doorsteps? Don't you know each single barrel of crude must have a title?

NL should have a filtering system... barring some low level IQ like yours, worsening quality of debates on this platform

This brain dead gorilla.

You are telling us with NNPC there is no risk of disruption in crude oil supplies? An organisation that is notorious for inefficiency and unbridled corruption/incompetence?

An organisation that consumed over $40 billion between 1999 till date on maintenance of refineries without any results to show for it?

Truly you are a gullible idiot.

Then Reno Omokri the hireling will react

mapet:
....and you got this statement from your imagination or beer parlour discussion? ....the Govt that did not "bungle" the same crude which it had been exporting for years to refine abroad?

Yes, I got this statement from your father at the beer parlour discussion.

Read what the Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin said earlier today.

He recalled that the philosophy initially was to add value to the raw materials available in the country, regretting that Nigeria is still exporting crude and importing refined petroleum products after over three decades.

“The philosophy is to take the crude, and instead of exporting the crude, refine it, add value; export the finished products, and supply the finished products locally. But unfortunately for us, we started facing challenges with the crude supply.

“What is happening today? We are struggling to get the crude. We are now importing the crude from the US, we are importing from Brazil, and from other parts of the world. So, the whole philosophy has gone upside down. After all these decades, we are exporting crude, importing products,” he added.

He stated further, “The same thing is continuing. We are not getting enough crude allocation, and the crude is still being exported. We are forced to import crude from outside. Yes, we are getting some crude locally, but it’s not adequate.”

https://www.nairaland.com/8203165/petrol-exported-marketers-boycott-product

Read! You won’t die.

thedio:
Dangote won't need to source for forex he would be earning Dollar by exporting his products

Valid point, sufficiency of his forex reserve would be something to consider.

I will revisit this thread in December.

Hopefully it should be good news for Nigerians.

Ikaeniyan0:
Tinubu is not the president from 1999.

Tinubu is a no nonsense president. I'm sure you have seen how he has being handling his appointees.

Yes, a no nonsense president.

So what is the progress update on his 3 year economic revival plan he flagged off in 2023? This is over one year now. How far?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

What about the 50 million jobs promised between 2023 to 2026? How many has Tinubu and his government created?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

Ikaeniyan0:
Tinubu himself gave the order for crude to be sold to local refineries in naira, and he was fully supported by the FEC, why will anyone go against the president order?

The same organisation that bungled over $40 billion on maintenance of refineries from 1999 till date is also responsible for supply of crude oil to Dangote refinery.

Does that inspire any confidence?

Anyways, time will tell and I sincerely hope they don’t bungle the crude oil supply

Ikaeniyan0:
And don't forget it the naira start gaining against the dollar, it will also lead to the fall in price of fuel

Looking forward to this

As long as the NNPC does not bungle the crude supplies, then yes.

If not…Dangote refinery will have to source dollars to import crude. And you know what that means for the naira.

I love this, everyone’s eyes will be on NNPC now.

Unless the government subsidises supply of crude, forget it.

Caveat: until NNPC is consistently supplies Dangote refinery crude oil at a fixed naira price, it’s too early to sell off your dollars.

If NNPC screws up the crude oil supply, Dangote will have no option than to source for forex to import crude oil, and you know what that means for the naira.

Verdict: Wait till the government consistently supplies Dangote refinery crude oil for the next few months.

CyrusVI:
If it does this, it will automatically reduce inflation by a few percent and that will go a long way for us

Hopefully. Fingers crossed, time will tell.

samuelson06:
Nothing will happen bro. If anything, the government will double the punishment and life will continue. Nigeria masses can't achieve anything because they're too divided.

Hunger is a miracle worker.

Time will tell.

DesChyko:
Nice move. Now that daggers have been sheathed, let's actually focus on real issues.

Can the FG explain to us why we can't have our own working refineries that have allocations every month?

Who is benefitting from this gross corruption of maintaining a refinery that is not working.

It is shocking that NNPC, a federal agency, would be so interested in coveting a private source instead of overseeing their own four sources and bringing it up to speed.

Excellent questions

A milestone.

Shame to the thieves that stole over $40 billion (equivalent of two brand new Dangote refineries) between 1999 till date under the guise of “turn around maintenance” of refineries.

You will surely be exposed for the thieves that you are!

Congrats Dangote.

Up next are the saboteurs preventing the power, iron and steel sectors from working. Everyone of you will be exposed.

Dear Jagaban lovers,

What is the progress update on Tinubu’s eight point agenda he promised Nigerians in 2023? This is over one year now. How far?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

What about the 50 million jobs promised between 2023 to 2026? How many has Tinubu and his government created?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

It’s a blessing.

Less demand pressure on US dollars that would have been spent on importing fuel. Provided NNPC is consistent with supplying crude oil at a fixed naira price.

Hopefully should have positive impact on the exchange rates. Time will tell.

Ghen Ghen

October go sweet wella

The masses versus The oppressors

Alright

Reno the hypocrite. Add fraudsters, rapists, paedophiles and ritualists to the list.

Reno Omokri turning a blind eye to the above crimes is quite expected of his duplicitous nature.

Reno is a compromised politician in cahoots with the oppressors to divide Nigerians along ethnic lines.

Reno Omokri, I hope the Judas fee is worth it.

It’s over three weeks now, Reno the gospeller is yet to reply Verydarkman’s query on his (Reno) role in hushing the rape case Isaac Omokri was involved in.

Such a very good example from a pious man hmmm?

Just know that discerning folks can see through your charade.

Difrent:
Cutting their nose to spite their faces

They began under Buhari, after failing to paint him as a clone , they began a series of self harming practices all because they felt Buhari will be pained and it will paint his government black.
What was bubus response?

"They are going nowhere, they are just a dot in a circle"

Buhari performed excellently in his eight years as president? 🥱

I warned y’all

DeLaRue:
1. The President himself did not make that remark.

The report in the link '...Mrs Anet said the government was targeting 50 million jobs...'

Mrs Doris Anet, who I found out to be the Minister for trade and industry minister was the one that made that statement, not the President.

2. While some ministers are fond of overly optimistic promises, you cant credit all comments by ministers to the President.

3. Also, she might be taking an 8 year perspective, in which case, 50 million jobs, although unlikely is not impossible. That's about 4.5 million per year. In a country of 220 million, it is possible.

4. If a Minister say, the 'government will create jobs', it doesn't mean the government will set up factories to employ 50 million people.

It simply means the government will administer the economy in a way that the economy will create 50 million tailors, lecturers, lawyers, hairdressers, brick layers and so on.

But of course, many, including you, thought the Minister said the government would itself employ 50 million create.

It is the private sector that will create most jobs, not the government.

This is a lame defense. If your first instinct is to absolve Tinubu from this responsibility then you have tacitly admitted Tinubu’s government has failed at keeping its promises to Nigerians.


Again I’ll ask you, did Anite come out to set the 50 million jobs target without Tinubu’s input or approval?

Read the screenshot below slowly before you respond.

Where are the jobs Tinubu’s government promised to create out of the 50 million target so far?

Boyooosa:
Enlighten me pls

Who has a vested interest in ensuring the local refineries don’t work despite spending over $40 billion (equivalent of two brand new dangote refineries) on maintenance between 1999 till date?

They’re the same people in cahoots with the government importing fuel from overseas.

Connect the dots

Boyooosa:
Nawa
“If no one is buying it, we will export it as we have been exporting our aviation jet fuel and diesel,” Edwin said.

Hmmmm....price will determine that tho but it will be bad if this will not serve the hope Nigeria had in this venture





May be you guys did not read the part up there

I read it. It just makes it easier to know who the saboteurs are.

Good news

The rule of law

sulaak:
Only a fool would believe Tinubu needed more time to get it right. Tinubu has bankrupted Nigeria, and if the NASS was competent, they should impeach him.

As of 2015, some fools believed Buhari needed more time.