With Functional Refineries, Petrol Will Sell For Less Than ₦‎200

With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN (22498 Views)

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by ngeneukwuewuGOAT: 6:21am On Sep 02, 2023

Ebola and the idiots in government knows this but won't do anything because when their is chaos and economic crisis, it benefits them. Useless people

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Mrpojj(m): 6:21am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

Keep your lies to your sef

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by femicyrus(m): 6:22am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira

It sells for N24/liter in Lybia that is an oil producing country like Nigeria.

We won't buy crude oil nor manpower.
We can even decide to cell at N100 or N50 if we can completely eliminate smuggling of cheap petrol to neighboring countries while we officially export at international price

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by nairalanda1(m): 6:25am On Sep 02, 2023

femicyrus:
It sells for N24/liter in Lybia that is an oil producing country like Nigeria.

We won't buy crude oil nor manpower.
We can even decide to cell at N100 or N50 if we can completely eliminate smuggling of cheap petrol to neighboring countries while we officially export at international price

Libya also has

1.A population of about 8 million people(we have over 200 million people)

2.A crude oil production rate that is slightly above ours.

As a result they can afford to subsidies petrol massively AND pay for good refineries...without breaking a sweat. Basically they can eat their cake and have it.

Try Venezuela...fuel costs about N14 or less, and they have bad refineries

1 Like

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by lincontee(m): 6:31am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

Your submission is very wrong. What is subsidy in the first place? How will FG introduce subsidy to crude oil that you drill locally to functional refineries.
Local Production and local consumption is not to be determined by any international bodies like Forec. You produce crude oil locally, you refine locally and consume locally. Your Government locally determines the selling price base on the cost of Production.
Dollar or forex comes to play when you dealing with international communities.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by femicyrus(m): 6:31am On Sep 02, 2023

Unperturbedpota:
But it's well known to everyone . The fact is can we even have one refinery working? Why not sell them off to private firms who will manage them so government can focus on governance.

They won't because those refineries are a sure way of looting funds

Focus on which governance?

Sharing of prayers into their mailboxes?

Which government owned asset that was sold to private investors is not milking Nigerians dry today with their extremely poor service delivery?

1 Like

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by clinician2x: 6:34am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

A ragtag backyard economist suddenly and surprisingly knows more than the IPMAN boss who's in the petrol importation business.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Professor443(m): 6:42am On Sep 02, 2023

It takes strong leadership will to position your country in a better life ...it's simple
Sell your crude to other countries at International price ..pocket your forex ....
Fix the refinery , sell at the price the marketers makes regulated profit and in such a way it will be the least expensive ,maybe somewhere 100 or 80 naira ...
Nigeria is going to loose billions but will recoup through the international market .,that's where I think we need to flex muscle after all is it not still the same Nigerian people all of them are serving ..but thats one of the best things you do for your citizens as a social services ..

If this is sustained for one single administration ..process of things will automatically crash ...

Niger leaders are just nonentities

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Zico007: 6:43am On Sep 02, 2023

bigx:
If they use a cost plus model it should help.
Also eliminating the cost of shipping out crude ans shipping back petrol should make a difference.

The same thing you guys said about cement. Don't expect much change in price even when the refinery is working

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Tareq1105: 6:48am On Sep 02, 2023

Tinubu should give the Refinery out for private individuals to run after the repair.

This is to avoid sabotage usually experienced whenever refineries are fixed and working well. Marketers would get paid agents to vandalize the refinery for their selfish interest.

Government or NNPC should not run it. They would spoil it again and again.

Another important issue is smugglers. Security agents at the borders should not allow our locally refined products to the smuggled to Cameroon, Chad, Niger Republic, Togo, and Benin Republic. If not done, Nigerians would not benefits from the gains of refining our products locally.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by ceejay80s(m): 6:48am On Sep 02, 2023

aderilb:
Why is dangote refinery not working yet after commissioning

Buhari used the commissioning of it to decieve us, we are feeble minded in this country, I hate being a Nigerian

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by wildernessVoice: 6:53am On Sep 02, 2023

Story for the goose

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by slowice(m): 6:54am On Sep 02, 2023

The way Nigeria is structured currently nothing works as it should because of corruption imposed bottlenecks. See them speaking from both sides of their mouth, this man is probably speaking from emotion and doesnt know what he's saying even though he is in a position to know better. They only focus on what they get from the corruption system.

If you want to save Nigeria, start by eliminating electoral corruption and so that decent persons can get in the ring and compete favorably eliminate politics of religion and tribe.

That is when Nigeria will start working

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by ceejay80s(m): 6:54am On Sep 02, 2023

Goodlady:
I once suggested we should contribute money to FG to fix the refineries. May be each Nigerian should donate at least N1000.
If at least 50 million people donate N1K each, how much?
Cos Nigeria matter is like a cursed child who's means of success has been blocked. No matter the struggle, the child dies in penury.
How can a country be like Nigeria blessed with crude oil be importing finished petroleum products at exorbitant rate which is above the masses reach and we can't produce the petrol here?

Don't even try it, the donated money will be embezzled,

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by YourGFsnatcher: 6:55am On Sep 02, 2023

cjudy:
IPMAN said so here you’re saying otherwise. Seems na you get this country and later you will tag someone IPOB. You can ban me if you like but I will tell you the truth

You have hollow brain. You are a real zombie for believing these people

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by JASONjnr(m): 6:55am On Sep 02, 2023

But this isn't what Tinubu's spokesperson said the other day ...

This government must be breeding whack and incompetent fellows against the very campaign of how Tinubu made people as a governor...Many who worked with Buhari and same people who worked with Buhari that made his government the worse government so far.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Mrtaye: 6:56am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

Are you a saboteur

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Mrtaye: 6:57am On Sep 02, 2023

ecolime:
Even with this, this same IPMAN will still look for ways to rip off the people so long they form part of the value chain. Those guys are economic saboteurs.

But they have profered solution naw abi are you the saboteur ni

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by DelphiOracle(m): 6:57am On Sep 02, 2023

aderilb:
Why is dangote refinery not working yet after commissioning

after making so much noise about it, nobody is talking about it again. They want to shift attention to Port Harcourt refinery.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by prophetfire: 6:58am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

. You aren't playing in the sector, yet you are telling lies to justify your bulaba president's destruction of the country with crazy and occultic fuel price.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by YourGFsnatcher: 6:58am On Sep 02, 2023

Goodlady:
I once suggested we should contribute money to FG to fix the refineries. May be each Nigerian should donate at least N1000.
If at least 50 million people donate N1K each, how much?
Cos Nigeria matter is like a cursed child who's means of success has been blocked. No matter the struggle, the child dies in penury.
How can a country be like Nigeria blessed with crude oil be importing finished petroleum products at exorbitant rate which is above the masses reach and we can't produce the petrol here?

You really think there's no money to fix the refineries? Do you believe that the same country that built a refinery don't have money to "fix" it? And finally, do you think if you contribute money these same people will put your money to real use?

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Mrtaye: 6:59am On Sep 02, 2023

bigx:
If they use a cost plus model it should help.
Also eliminating the cost of shipping out crude ans shipping back petrol should make a difference.

You dey mind am, they always think Nigerians are dumb

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Image123(m): 7:02am On Sep 02, 2023

How?

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Raph82(m): 7:03am On Sep 02, 2023

This thing is simple, give these modular refineries licenses to operate and produce petrol, monitor them to ensure that they follow standard operating procedures, by this there will be enough fuel. Indonesia relies on modular refineries to produce fuel locally and meet her energy needs.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by geoworldedu: 7:03am On Sep 02, 2023

Goodlady:
I once suggested we should contribute money to FG to fix the refineries. May be each Nigerian should donate at least N1000.
If at least 50 million people donate N1K each, how much?
Cos Nigeria matter is like a cursed child who's means of success has been blocked. No matter the struggle, the child dies in penury.
How can a country be like Nigeria blessed with crude oil be importing finished petroleum products at exorbitant rate which is above the masses reach and we can't produce the petrol here?

The taxes we are paying is five times more than what you suggested but where are we today?

1 Like 1 Share

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by xxgig(m): 7:03am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

Your Position sounds like you are assuming PMS is the only product derived from crude refining. Please enlighten me on why the price difference will not be more than N70

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Goodlady(f): 7:04am On Sep 02, 2023

YourGFsnatcher:
You really think there's no money to fix the refineries? Do you believe that the same country that built a refinery don't have money to "fix" it? And finally, do you think if you contribute money these same people will put your money to real use?

Using such suggestion is like feeding FG with poison. If they are so corrupt to eat such money, then the illiterate north that they deceive more ll know FG is indeed corrupt than sheytan. Such embezzlement can trigger revolution.
If someone give you excuses of lack of funds, give the person funds and see if it ll be used well before taking judgement!

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Goodlady(f): 7:05am On Sep 02, 2023

ceejay80s:
Don't even try it, the donated money will be embezzled,

Then there ll be revolution. At least those northern iliterates that are deceived daily ll understand that it's not by region or religion!

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by KATERINA80: 7:06am On Sep 02, 2023

Mynd44:
This isn't true except the FG will introduce subsidy on crude oil to the refineries.

If the crude is supplied at market price, the difference due to importation will not be more than ₦‎50-70 naira.

The only advantage is the pressure on the Naira due to FOREX

Rather the FG should sell crude oil to the refineries at a very cheaper price in order to make fuel price to be cheap also, to let the masses breathe.

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Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Odegbami1(m): 7:06am On Sep 02, 2023

You have problem o. He is only trying to make a point and I expect you to air yours so as for people to learn. Must we always come with attach.

Gosh!

cjudy:
IPMAN said so here you’re saying otherwise. Seems na you get this country and later you will tag someone IPOB. You can ban me if you like but I will tell you the truth

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Goodlady(f): 7:08am On Sep 02, 2023

geoworldedu:
The taxes we are paying is five times more than what you suggested but where are we today?

They ll lie and say not everyone is paying tax. This contribution is for refinery alone. It's a way of serving FG food that ll choke dem if eaten

Re: With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN by Yankee101: 7:08am On Sep 02, 2023

Dangote won’t like to hear this

He loves to price gouge

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