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Nairaland Forum / Nairaland / General / Politics / Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation (12879 Views)
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Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by nairavsdollars(f): 6:36am On Mar 22, 2021 |
The federal government may consider selling the Port Harcourt refinery after the planned rehabilitation which is put at the cost of $1.5 billion, Minister of State for Petroleum Resources, Timipre Sylva has revealed.https://www.independent.ng/fg-may-sell-port-harcourt-refinery-after-1-5bn-rehabilitation-sylva/ 1 Like 2 Shares
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Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Monogamy: 6:38am On Mar 22, 2021 |
They should remind us about it in May then... 1 Like |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by bolaayenimo: 6:40am On Mar 22, 2021 |
Lucky buyer. FG already repaired it with tax payers money. After one year, they will say the refinery is not producing well and then sell it for $100 million 71 Likes 3 Shares |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Macphenson: 6:40am On Mar 22, 2021 |
Ok 1 Like 1 Share |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Nbotee(m): 6:43am On Mar 22, 2021 |
There is something definitely wrong with these ediots and the Minister of Petroleum in particular.. U want to spend billions enough to build new refineries on an ancient refinery running at a loss only to resell it? Abi which kind economics dis ppl dey practice?? The Minister of Petroleum who is the Commander in Thief of the Armed robbery Madd!!! APC is mad!!!! Gbo gbo all their supporters are all madt!!! 134 Likes 10 Shares
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Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by inoki247: 6:45am On Mar 22, 2021 |
yea is just like repairing that useless i beta pass my Neighbor and resell it after... I hope he doesn't come out lata to say e waz quote out of context cos diz people sense no balance... 19 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Racoon(m): 6:46am On Mar 22, 2021 |
Criminals! They want to embezzle the money.TAM year in year-out but nothing have changed yet these old and moribund refineries remained great source of economic wastage. Abeg just privatize it straight away. https://thenigerialawyer.com/govt-has-no-business-running-oil-refineries-osinbajo-says/ "The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data collated from their financial statements has shown.The refineries generated total revenue of N21.12bn in the five-year period as they operated at below their full capacities..."https://m.punchng.com/Business/FG-refineries-earn-N21bn-lose-N778bn-in-five-years This report just showed the rot and wastage these refineries have become on this nation.Hence I asked two staunch defenders of this cursed government to explain how this corruption happened under the leadership of the alleged most holy but sanctimonious anti-corruption czar- President Muhammadu Buhari as minister of petroleum within five years yet our moribund refineries are operating @ a far below full operational capacity.I am yet to get convincing answer. cc: , Sirjamo, Seunmsg, NgeneUkwenu, Simpleleo, 14 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by rajiedreez: 6:46am On Mar 22, 2021 |
Why not sell it now 11 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by shegun4sur: 6:46am On Mar 22, 2021 |
Where are the activists in this nation The amount they're employing to repair the refinery is enough to build a new one yet they want to first expend that before selling it at a paltry sum to their cronies. Nigerians are being taken for a ride, taken for fools by the government 13 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by IgweOfNnewi: 6:46am On Mar 22, 2021 |
Does Buhari have any mental ability? 11 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by mooremoney(m): 6:47am On Mar 22, 2021 |
This sylva never still leave drugs. 19 Likes 1 Share |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Fuckyoumod: 6:47am On Mar 22, 2021 |
Lol 1 Like |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Cooldiipo(m): 6:47am On Mar 22, 2021 |
. Enough of this heartbreaking news jare, why dont you sell the majority shares and have something like the LNG pact? Do you need external battery and powerbank for laptops, phones etc. Ten hours plus guaranteed and twenty four hours of usage very possible! Recommend to your friends. 5 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Nobody: 6:48am On Mar 22, 2021 |
No need, don't spend that money. Please sell it out without refurbishing it 6 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by tunwumi: 6:48am On Mar 22, 2021 |
Sell it |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by careytommy37(m): 6:49am On Mar 22, 2021 |
Long overdue but zombies think it's okay to continue whipping a dead horse 2 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by tunwumi: 6:49am On Mar 22, 2021 |
Why waiting till you repair to sell it. Sell it on olx 4 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Globalhustler(m): 6:49am On Mar 22, 2021 |
Which kind country be this sef. Just want an ordinary rogue does. They go still chop the money after selling 1 Like 1 Share |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Titto93(m): 6:49am On Mar 22, 2021 |
This govt. are hellbent on spending dis 1.5bilion dollars, that's why dey wan defend every criticism. Mumu people, why not Sell it now and let the buyer rehabilitate it. 11 Likes 1 Share |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by StaffofOrayan(m): 6:49am On Mar 22, 2021 |
Hehehehehe Abeg make I laugh at the foolishness of the country called Nigeria and her sufferhead citizens 5 Likes 1 Share
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Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by dust144(m): 6:50am On Mar 22, 2021 |
I will buy |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by kalu61(m): 6:50am On Mar 22, 2021 |
Nbotee:Omo, these people de take us catch cruise. $1.5b can't comfortably mount a new refinery with up to speed facilities. Who doesn't know renovation cost more. Then after spending such money patching old cloth with new one then you aution it to your cronies for penny. Least l forget, where is Ibe Kanchukwu and his APC fake promise. One of the reason l supported Atiku in 2015 was not because is wasn't a criminal but his plans were analytical and viable. Sell the refinery. Its burden on us and yet APC wants to sink $1.5b to it. This country isn't working. Na make everybody fight to dip handle for the national treasure. 10 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Grace001: 6:51am On Mar 22, 2021 |
Mmmmmm |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Charlie2020(f): 6:52am On Mar 22, 2021 |
Why not sell it the way it is. Awon ole gidi 2 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Kingcalls: 6:53am On Mar 22, 2021 |
The same thing atiku proposed but u guys insulted him saying he wants to sell it to himself 18 Likes 1 Share |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Lexusgs430: 6:54am On Mar 22, 2021 |
Sell for how much....... Why not sell it now, hopefully one mumu, might be available to buy it(them) ....... |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by marvin906(m): 6:54am On Mar 22, 2021 |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Rebuke: 6:55am On Mar 22, 2021 |
Smh |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by Akasammyoka: 6:55am On Mar 22, 2021 |
What is too difficult in selling a malfunctioning refinery. This silva guy is high on something, you want to spend $1.5b first then how much are you selling it then. 2 Likes |
Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by STEWpid(f): 6:55am On Mar 22, 2021 |
Lobatan! Lobapari!
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Re: Sylva: FG May Sell Port Harcourt Refinery After $1.5bn Rehabilitation by sotall(m): 6:56am On Mar 22, 2021 |
Kingcalls: Shameless APC government. Same thing Atiku has been singing about privatization of the refinery. 10 Likes |
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