₦airaland Forum

[quote author=Jcomtrader post=127376472][/quote]I believe it is nearing completion now and the seaport?

justi40:
Baring any unforeseen developments in the local and international economy, the 200,000 barrels per day BUA Petroleum Refinery will commence full commercial operation in 2024, after a groundbreaking ceremony billed for May this year.
Giving graphic details on the economics of Nigeria’s second largest petroleum refining complex in Lagos at the weekend, Executive Chairman of BUA Group, Abdul Samad Rabiu, said the project was initiated against the backdrop of the huge amount of foreign exchange the nation spends importing refined petroleum products into the country.
Rabiu who defended the sustainability of his Group’s investment in the various sectors of the economy, said the refinery project will meet the government’s economic diversification agenda in the long run, as new fuel standards continue to evolve in line with the climate crisis.
He said the project is being constructed with the best of technology from Axens of France rated as one of the best in the world in petroleum refining industry and would enable the nation save huge amounts of foreign exchange in addition to creating thousands of jobs for the citizens.
“ Nigeria consumes over 50million liters of fuel daily and over 90 of that is imported with about 35 percent of the country’s scarce foreign currency spent on imported products. This, coupled with low crude prices due to low demand arising from the Coronavirus pandemic offers us huge opportunity to invest in projects that would help us conserve more funds, leveraging the low cost technology being deployed by Axens of France offering us far lower cost than what it should be.” He said
Rabiu further noted that the refinery’s complete marine infrastructure and nearness to its feedstock will enable it save more on haulage, as it targets local, regional and other land -locked markets in Africa, bolstered by its unique location and opportunities emerging from the AfCFTA.
According to him, the economics of the project are a ‘no-brainer’.
Contract for the construction of the refinery was signed in Paris between BUA Group Chairman Abdulsamad Rabiu, and the CEO of Axens, Jean Sentenac, in a ceremony presided over by France’s Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester. While calling on the Federal Government to improve the nation’s operating environment through liberalization of cement production to enable more manufacturers take advantage of the new Africa Continental Free Trade Agreement (AfCFTA), to export more to an estimated 1.3billion people across the continent, Rabiu said the continental economic bloc remained a critical strategy to develop the nation’s manufacturing sector currently in comatose.

Is the refinery still billed to be opened by may this year? there have hardly been any journal report or photos from the site online or anywhere, and for the seaport that was billed to be constructed alongside the refinery, is it closer to completion as I'm aware work has been ongoing there for a little while now

Other smart states should follow suit, some states don't have head teacher office because their buildings are dilapidated but worst of the case is that they don't have students data base and the traditional school roll register or classroom counting is outdated as it cannot give customize information about the students so in the case of school records, exams registration, results and saving information, and transferring of students results, the schools still lacks behind. So it's a good move in the right direction by anambra govt. if this will bring good dev. to schools

it doesn't matter PR boss, you should have just let Genevieve understood she isn't educated, stop covering up for people's stupidity it's not even in the law

man is gay

igbophobia
if a manufacturer is producing fake goods., call nafdac on them instead of harrasing on social media. that's a pull down syndrome and not even advisable for the economy even if it's a yoruba brand

all these overseas goer who goes there without sending money home, when you will be deported I swear you will understand the man who is hustling at home is better than you. they have purportedly refused to close a cap on the living conditions of the overseas and home, not even for the currency difference or development level.

don't take heed from people who will mock at you when your decision turns out to be have been a misstep. the same faceless people who are giving advice and calling on government to release security dogs on insecurity without considering our democracy, dialogue and reconsiderations are also the ones who will burn fire and brimestone, threaten people's lives once they have information to bad news on the internet. if in a democratic society government could easily consider rehab and recruiting this bandits into an important workforce in the society for the longer future. wise people says ,'a stitch in time saves nine'.

corrupt country led by corrupt leaders, even the Bible has a message for such nation

kind people are not allowed to be embalm in the mortuary but in their bedroom. I hope you are aware

to have a saw

I don't know about junk food but that food is better than color blindness

Is the pastor online or is this the proper way to address the issue. Man died overseas so allow his soul rest in peace

Guess the region

Oga you dey sell the water else na empty Eva water you go use pack the water

Aisha yesufu is now an rccg pastor. Foolish blogger

War torn country

Does she get royalties from Nollywood or box office?

The USA is finally playing a role
Prophet Muhammad S.A.W

Oga, looks like you don't have a good Mason to contract. Which one is contracting everyone

Those worst country from my suggestions are racist county and don't offer help to strangers. If you are struggling in Nigeria, you either don't have a job or struggling with your work

Does it give the same joy to bubu?

Must be biology, it's note is never from textbook

Ecowas main objective is ensuring peace ✌️
Not causing a possible terror war

Harrass the silly girl jor

this boy you get witch craft

All these slumpy countries fighting war instead of cultivation, are they more developed than africa,

Aba go first PH develop? You must be day dreaming or watching from s.m. before then ph must have built her seaports and be looking like U.A.E

Meaning of cheat or it didn't happen

. ISO

Arnold can take it or move to another league side, it is a possible title decider and he his a little bit obsessed about this Liverpool side.