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Nairaland Forum / Nairaland / General / Politics / Why Nigeria’s Refineries Will Never Work – Obasanjo (43136 Views)
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Why Nigeria’s Refineries Will Never Work – Obasanjo by HisSexcellency(m): 9:34am On Sep 05, 2023 |
Former President Olusegun Obasanjo has said the four oil refineries in Nigeria will never work. https://leadership.ng/why-nigerias-refineries-will-never-work-obasanjo/ 73 Likes 11 Shares
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Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by TemplarLandry: 9:36am On Sep 05, 2023 |
Pessimistic statesman. 137 Likes 11 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by EyeCumInPiss: 9:40am On Sep 05, 2023 |
Nigeria is a Geographical Contraption of diverse Ethnic Nationalities that are not ready to unite and work as one entity. Only way forward is Restructuring or Balkanisation. 200 Likes 16 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by tolue42(m): 9:43am On Sep 05, 2023 |
Then we should just sell the refineries once and for all. Seems government don't have any business doing business. 76 Likes 5 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by CodeTemplar: 10:08am On Sep 05, 2023 |
“Tinubu said the other day that it was unacceptable that he would spend 90% of revenue to service debts. I wasn’t spending 90% when I went worldwide to get debt relief. Do you think that anybody would give you debt relief today? Buhari was spending money recklessly. I know Buhari didn’t understand economics. I put that in my book. But that he could also be so reckless, I didn’t know. Who would you go to today and ask for a favor? Tinubu says he has trimmed the number of people attending the United Nations General Assembly. Is that news? He will meet with Justin Trudeau, and he will meet with Emmanuel Macron. That will not solve any problem.”- more excerpt from same interview. 12 Likes 3 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by CodeTemplar: 10:11am On Sep 05, 2023 |
tolue42:In the old testament, anytime corruption hit its heights, God doesn't send subsidy removal team or palliatives, He sends prophets to reform the minds of the people and most importantly the leaders. 25 Likes 1 Share |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by slowice(m): 10:12am On Sep 05, 2023 |
Nigeria like holding on to failed projects.... The citizens do so for emotional reasons and because they believe in the lies told to them by politicians while the elite do so because they are beneficiaries of the corruption around it. Those refineries will never be profitable... Know this and know peace 21 Likes 5 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by GeneralPula: 10:13am On Sep 05, 2023 |
Aliko Dangote and Femi Otedola approached me and said they would be interested in buying two of the four refineries. They said they would buy 51 percent stake in Port Harcourt and Kaduna. I was over the moon. I said, finally, this burden would be taken off the neck of the government. They offered $761 million and paid in two instalments. Unfortunately, Umaru (President Yar’Adua) cancelled the sale and returned the refineries to NNPC. Eyah.. Four, he said there is too much corruption in refineries. Well, out of the points the Shell MD stated, it’s this corruption that’s the main issue and he’s very right. 143 Likes 7 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by GeneralPula: 10:17am On Sep 05, 2023 |
tolue42:I’m just concerned about that will it help matters? Nepa was sold. Was there any significant change since then? 122 Likes 1 Share |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by iwaeda: 10:23am On Sep 05, 2023 |
HisSexcellency: We said so, but the yea sayers, can't see truth, putting new steel on rusted / corroded plates can never work. We should be thinking of new refineries, rather than wasting money and resources on dead horse standing. 10 Likes 2 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Yankee101: 10:24am On Sep 05, 2023 |
Just take it private |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by GeneralPula: 10:26am On Sep 05, 2023 |
EyeCumInPiss:Restructuring is a scam bro! Don’t fall for it! What exactly do we want to restructure? Do you remember Vision 2020 scam? The best thing we can do is to go back to regionalism! To me, this is the best solution. We were using it before and it worked for us! SW Governor’s have been calling for the regionalism but other part of the county are still quiet. We should go back to regionalism then things can change. Imagine we go back to regionalism and: Fashola is to be western leader premier.. Donald duke to be southern leader premier.. Kwankwaso to be northern leader premier.. Dave Umahi to be eastern leader premier.. I believe this is the only significant thing we can do, any other thing aside from that is like fetching water inside basket.. 152 Likes 7 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Neddstark: 10:26am On Sep 05, 2023 |
You had at least 8 years to make at least one of them work but you didn't. Decades later, you're still telling stories. 49 Likes 3 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Sammysolution: 10:26am On Sep 05, 2023 |
But, president tinubu is say it will work by December of this year, that is if he is still the president, let's hope he's the man with the magic wand. 5 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by happney65: 10:26am On Sep 05, 2023 |
Obasanjo till tomorrow will be the best president we ever had since 1999. So when he is saying this. He knows exactly what he is saying. Just like telecommunications in the hands of government when David Mark as Minister of telecommunications under Abacha said telephone is not for the poor. They won't make it work lailai until that sector is unbundled patapata. He came at a period of dire economic problems with foreign sanctions here and there. His cabinet still the best. Not this one that Bulabalu went to bring the same set of people we've always known His Telecommunications sector revolution was super. The Banking sector was a total turnaround too .Mega super. The Nigerian middle class grew under him. His first announcement in 100days was increasing the minimum wage to 3000naira. A Bag of rice was sold for 1200 then or so. That meant with your minimum wage you could buy two bags of rice Civil servants started buying cars and properties. People who before now, House agents will say House for rent,Not for civil servants His only mistake was handing over to a Yaradua who was a socialist after he failed in his 3rd term bid which fortunately his party blocked. Yaradua cancelled the sale of almost everything. Inclusive of power has obasanjo has set motion for the total unbundling of the power sector just like telecommunications. The swines that took over especially the ones from 2015 are just beating about the bush. Even if you want to talk about infrastructure sef,the Lagos Ibadan expressway sef,he was the one that constructed it as Military President 69 Likes 3 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Racoon(m): 10:27am On Sep 05, 2023 |
Nigeria is just a criminal enterprise being ran further and further aground by a bunch of power cartel who have sworn that it will never witness anything good. Imagine this is Nigeria's 63 years of forced but failed Nationhood. The CBN, DPR/NNPC and Petroleum minister position are haven of recycled putrifying corruption in successive governments because of bad leaders and weak institutions. 14 Likes 3 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Ola9ja23: 10:28am On Sep 05, 2023 |
Then If by any chance, Asiwaju is able to fix one of this refinery then we don't need to look any further He is our Messiah 89 Likes 3 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by mrvitalis(m): 10:30am On Sep 05, 2023 |
GeneralPula:We need to restructure along ethnic lines so that the use of Tribalism to get to power would be dead Can tinubu win election if he contest against another Yoruba man? It's easier for Yorubas to hold their leaders accountable than Nigeria to do so Restructuring along ethnic lines helped Europe, helped Asia... Why do you think it would not help us 29 Likes 2 Shares |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Cantonese: 10:33am On Sep 05, 2023 |
Truth. It was an open secret that all the refineries were sources of uncontrollable looting. It was an open secret that TAM was an avenue to reap the nation off. It was an open secret that the systematic destruction of the refineries involved persons in position of power and staff. Nigeria needs a strong and determined leader for things to work. We need a leader with a very strong will to move the nation forward. Unfortunately corruption has gotten the better part of the leadership and the people support corrupt leaders to continue with their corrupt ways. 3 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Orathird: 10:33am On Sep 05, 2023 |
It’s alright |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by STEWpid(f): 10:34am On Sep 05, 2023 |
Chai.. Global Jibiti HQ is in sub-Saharan West Africa. The no.4 reason is the major one. Koropshun has lost meaning here. I think we should find another name! 2 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by ecolime(m): 10:34am On Sep 05, 2023 |
Nigeria government is too corrupt and incompetent to manage any enterprise successfully. Even if you have a corrupt free leader who has the mind of the people, the evil government workers will never let the refineries function well. The mistake we made was not selling the refineries off. I agree with Atiku's stand on this. He muted the idea of selling them first although people like me crucified him then 7 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by meum: 10:34am On Sep 05, 2023 |
December is just in a couple of months. Let’s see if the one in PH will work. 9 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by Patrioticman007(m): 10:34am On Sep 05, 2023 |
Obj |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by ButIdoandIdont: 10:35am On Sep 05, 2023 |
Those refineries will not work because people of non Niger delta prefer it that way. It's profitable to steal 5 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by iammo(m): 10:35am On Sep 05, 2023 |
Baba don wake up |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by INTEGRITYA1(m): 10:35am On Sep 05, 2023 |
It will work, Private sectors thrive better than the government sectors. Nigeria Government should sell the refineries to able private individuals and organizations. 1 Like |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by OkCornel(m): 10:35am On Sep 05, 2023 |
It’s quite simple. The picture below explains how the several billions of dollars spent on Turn Around Maintenance (TAM) of these refineries ended up. 4 Likes
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Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by adioolayi(m): 10:35am On Sep 05, 2023 |
Out of the four reasons the Shell MD gave according to OBJ...Corruption is the main and only things I can see that won't make it work.. So, Let's wait and see... December 2023 is around the corner 6 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by potent5(m): 10:35am On Sep 05, 2023 |
O tilo! Who are the people who have monopolized NNPC and turned it into their ethnic business in the last twenty something years? They will never allow any other ethnic group to come close to NNPC, even though they don't have oil in their state. They propagate corruption in the refineries and use their kinsmen to cover up corruption. They have also monopolized other juicy sectors or parastatals like FIRST, Forex, customs, EFCC, army, etc. 6 Likes |
Re: Why Nigeria’s Refineries Will Never Work – Obasanjo by SeriouslySense(m): 10:35am On Sep 05, 2023 |
. One word cruise, 1 Like |
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