‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha - Politics (2)

‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha (9923 Views)

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Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by tctrills: 1:45pm On Sep 28, 2023

preekahantas:
A woman should be allowed to rule please.
Men are destroying this country.

No one allows anyone tó rule. Power is not given, it is taken.
You wouldn't be made the president just because you are a woman. You need to put in the work and convince both men and women to vote for you.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by InvertedHammer: 1:48pm On Sep 28, 2023

/
It sounds like PR stunt sponsored by Dangote.

If you read carefully, one notices that he subtly informed the public that Dangote refinery will start in 1st Quarter 2024 contrary to the end of this year as promised.

It will be a miracle if the production is not moved back to 2025, 2026, then 2027--a gimmick for the next election.

/

1 Like

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by purplekayc(m): 1:52pm On Sep 28, 2023

Bullet01:
Can you imagine! A country that has crude oil in abundance. It is finished 😃

Irony

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Ttipsy(f): 1:53pm On Sep 28, 2023

God forbid

I reject it

We shall refine our own here

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Bullet01(f): 1:55pm On Sep 28, 2023

Remii:
we have crude oil, not in abundance. we have far below many smaller middle east countries.

True talk.

But the topic is about Africa. We are number 2 in Africa. We are not supposed to be in this condition

1 Like

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Faposky95: 1:57pm On Sep 28, 2023

Let's look at these lying bunch of nincompoops... ..
Inefficient data on energy usage...petrol due to smuggling and other nefarious activities......
Then subsidy, if it goes, will have others focus on other energy sources, eg solar.....another lie
Na to cut all the tree for area to cook.....shey na light we no get or na to iron go which work.....?!
We have energy that if we weren't this blind would have petroleum begging to be used.
Once again, stop telling us what you think....you don't just know,period

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Remii(m): 1:58pm On Sep 28, 2023

Bullet01:
True talk.

But the topic is about Africa. We are number 2 in Africa. We are not supposed to be in this condition

true, we should at least be able to refine most of our requirement locally.

1 Like

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by jojothaiv(m): 2:00pm On Sep 28, 2023

If this projection turns out true that means there's no hope in the demagogue.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by RepoMan007: 2:02pm On Sep 28, 2023

Blackdisciple:
Hmmm Nigeria an oil producting country importing fuel please how does that sounds in your ears..??

it sounds like adamu the corn merchant with 4 wives and 25 children, some unemployed, having to look for N4500 every week to buy pap from the woman who buys his corn just across the road. Adamu has refused to buy grinding engine or tools for pap-making so must import pap with his dwindling corn earnings while his people remain unemployed but his pap making neighbour gets richer monthly.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by sulaak(m): 2:11pm On Sep 28, 2023

Ikaeniyan0:
When the Dangote Refinery start operating, Nigeria won't import petrol again till after 2030. Dangote and the NNPCL refinery in PH will take care of our needs

I think Nigerians should stop thinking about Dangote Refineries and focus on the four local and modular refineries. These have a combined capacity of 600,000, and since they are in Nigeria and not a free trade zone, the logistic and insurance costs will be very low, the oil will be extracted in Naria, processed in Naira and sold in Naira.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Ikaeniyan0: 2:19pm On Sep 28, 2023

sulaak:
I think Nigerians should stop thinking about Dangote Refineries and focus on the four local and modular refineries. These have a combined capacity of 600,000, and since they are in Nigeria and not a free trade zone, the logistic and insurance costs will be very low, the oil will be extracted in Naria, processed in Naira and sold in Naira.

Dangote refinery is located in Nigeria, when we pay in dollar to Dangote refinery, the dollars will be in Nigeria, not in a foreign country.

In my post, I didn't talk about Dangote refinery alone. Two refineries will start working in Nigeria this year, the Dangote and PH refinery. When warri and kaduna refinery start working, people will also focus on them too.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by sulaak(m): 2:29pm On Sep 28, 2023

Ikaeniyan0:
Dangote refinery is located in Nigeria, when we pay in dollar to Dangote refinery, the dollars will be in Nigeria, not in a foreign country.

In my post, I didn't talk about Dangote refinery alone. Two refineries will start working in Nigeria this year, the Dangote and PH refinery. When warri and kaduna refinery start working, people will also focus on them too.

Dangote refinery is in a free trade zone and subject to international law. Hence, Nigeria will need FX to buy oil from Dangote. Nigeria currently has a modular refinery capacity of. 120,000 and a local refinery capacity of. 450,000. Nigeria should focus on the modular and government-owned refineries and forget about the Dangote business.

Nigeria needs to remove the oligarchs that have captured the economy and forced the country to import oil using FX, when the country has the capacity to extract, refine and market 550,000 B/D in Naira.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Ikaeniyan0: 2:34pm On Sep 28, 2023

sulaak:
Dangote refinery is in a free trade zone and subject to international law. Hence, Nigeria will need FX to buy oil from Dangote.

Is Dangote a foreign company or Nigerian company?

Dangote won't be selling to Nigerians alone, some other countries will also buy petrol, jet fuel, diesel etc from him.

So apart from the fact that dollars we use to buy from him stays in Nigeria, foreign countries will also pay in US $ which will also stay in Nigeria.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by okoroemeka(m): 2:58pm On Sep 28, 2023

soundOsonic:
Does this have anyway of improving the economy

very much yes,if Nigeria can key in to supply the rest of Africa with finished refined petroleum products more dollars will flood in and no naira will be chasing dollars for petroleum products importation,infact I am strongly suspecting that countries that has a lot to lose if we start refining has a hand into the current deadlock in our 3 refineries,it is not a big deal for oyibo people to sabotage another countries economy,that is also the job of their secret services.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by phemmyfour: 3:13pm On Sep 28, 2023

Bullet01:
Can you imagine! A country that has crude oil in abundance. It is finished 😃

What do yo expect, when it's a rocket science to fix power and refineries

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Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by sulaak(m): 5:14pm On Sep 28, 2023

Ikaeniyan0:
Is Dangote a foreign company or Nigerian company?

Dangote won't be selling to Nigerians alone, some other countries will also buy petrol, jet fuel, diesel etc from him.

So apart from the fact that dollars we use to buy from him stays in Nigeria, foreign countries will also pay in US $ which will also stay in Nigeria.

Dangote is in the Lekki Export Processing Zone (The Dangote Refinery is located in one of the Free Trade Zones in the country) I will advise you to figure out what a EPZ means

Lekki Free zone is a special economic zone - also called Export Processing Zone, with none to minimal custom restrictions.

https://ownahome.ng/blog/lagos-free-trade-zone-explained/#:~:text=Lekki%20Free%20zone%20is%20a,none%20to%20minimal%20custom%20restrictions.&text=To%20manage%20the%20general%20and,companies%20in%20these%20free%20zones.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Ikaeniyan0: 5:18pm On Sep 28, 2023

sulaak:
Dangote is in the Lekki Export Processing Zone (The Dangote Refinery is located in one of the Free Trade Zones in the country) I will advise you to figure out what a EPZ means

You keep on saying is located in a free trade zone as if that answer the issue on ground. It's in a free trade zone, and so what? Did it mean Dangote won't be getting his money or what? Cause I don't understand why you keep on saying is located in a free trade zone

Dangote will sell to local and international buyers in US dollar, but the US dollar will stay in Nigeria because Dangote is a Nigerian company.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Ikaeniyan0: 5:21pm On Sep 28, 2023

sulaak:
Lekki Free zone is a special economic zone - also called Export Processing Zone, with none to minimal custom restrictions.

https://ownahome.ng/blog/lagos-free-trade-zone-explained/#:~:text=Lekki%20Free%20zone%20is%20a,none%20to%20minimal%20custom%20restrictions.&text=To%20manage%20the%20general%20and,companies%20in%20these%20free%20zones.

So what point are you passing across exactly? How does this dispute the fact that, the US dollar Dangote will earn will stay in Nigeria?

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Blackdisciple(m): 7:07pm On Sep 28, 2023

RepoMan007:
it sounds like adamu the corn merchant with 4 wives and 25 children, some unemployed, having to look for N4500 every week to buy pap from the woman who buys his corn just across the road. Adamu has refused to buy grinding engine or tools for pap-making so must import pap with his dwindling corn earnings while his people remain unemployed but his pap making neighbour gets richer monthly.

Hmmm.. it's so so pathetic because that is not development rather it's suffering

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Omalicious1: 7:41pm On Sep 28, 2023

2mercy:
https://leadership.ng/nigeria-other-african-countries-to-remain-major-petrol-importers/

This is a huge shame...a country that has crude oil is still importing fuel

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by nairalanda1(m): 7:51pm On Sep 28, 2023

Kind of what one expected.

The thing is, we need four more refineries , plus the NNPC refineries, plus Dangote, plus modular refineries, before we can state honestly that we got enough domestic fuel being manufactured

But the thing is, refineries cannot exist without government removing price controls and subsidy.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by nairalanda1(m): 7:58pm On Sep 28, 2023

Basicend:
Ordinary refinery for Christ sake. . A whole Nigeria cannot produce. .

But we have brewery companies, Cocacola bottling company and several coys. . but when it comes to the core of a revenue generating sector or niche. . The power players manipulate everything to corner the flows. .

So far, corruption is at the core of processes for a black man, Africa will remain where it is . .

The brewery companies and the Nigeria Bottling company and several other companies do not have the prices of their product set by government.

They set their prices. Or have you heard of a beverages regulatroy agency setting prices of beer and soft drinks in Nigeria? Have you ever heard of government agents moving around bars and shops looking for people selling above 'set price'.

The truth is, you can sell beer, soft drinks even above the recommended retail price (as seen in many posh hotels)....and no one would complain or blink an eye.

Petrol on the other hand since 1973 has been sold at a price below its production cost as set by the government...and a subsidy is paid to cover the resulting loss. But because the production cost keeps rising, the subsidy cannot adequately cover it...and this induces losses that led to us having bad refineries....as well as the massive corruption and sabotage.

You see, when you hinder a sector of the economy from making a profit, corruption results. There would be shortages, and a lot of the stock would be sold on the black market...which is what has happened for much of the time we had a subsidy.

The problem is, the government does not want to remove subsidy. Instead they do partial removal. Like this current government. It does not solve the problem of making it impossible for petrol to be sold at a profit...which could be used to make refineries run well.

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by AskProf: 12:18am On Oct 01, 2023

Blessedchy3:
Okay

Are you cursed?

Angel, Angela, Uyom, Oyom, Faith S H, Blessing, Shiando, Angell, Ubi etc is the same and one person, a MALE.

ANTHONY M. OKEKE, the scammer, thief, impostor with 10 years experience and 260 monikers.

You operate 18 bank accounts in UBA, Fidelity, First Bank, Kuda, Union Bank, GTB, Stanbic, Opay etc.

Tufiakwa!

Re: ‘Nigeria, Other African Countries To Remain Major Petrol Importers’ - Kragha by Remii(m): 3:23pm On Nov 23, 2023

Bullet01:
True talk.

But the topic is about Africa. We are number 2 in Africa. We are not supposed to be in this condition

guy, we can be number 1 in the world, not in terms of number, it is in terms of quantity you have and sell for revenue with respect to your needs.

1 2 Reply

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