₦airaland Forum

tishbite42:
So, government and its entities govern with verbal agreements and promises?!

Oga leave my mentions before you reduce my IQ

Government itself is built on verbal agreements. If not, show me the agreement you have with Tinubu to stabilise and improve the economy in written form
I cannot reduce what was not there in the first place
Peace

ivolt:
Who are the competing Nigerian refineries to Dangote?
Zero, nill.
Try to understand an issue before analysing it.
Dangote is asking for special treatment for a private company.
He usually gets his way but not in this case.

He wants to pay cheaper for crude than the IOC will get selling in the open market with their
existing contracts.
The only way to get such a deal is from the government not from foreign private companies.

BTW, the foreign players in Nigeria deal with crude oil, not petrol.
NNPC is the sole importer of petrol, so they have nothing to do with price fixing.

He's competing against exporters and that's why he should be supported. This is not about monopoly but economic priority and which is the cheaper option short/longterm.


There is nothing bad in asking for special treatment in special cases like this.

Kukutenla:
Government itself is built on verbal agreements. If not, show me the agreement you have with Tinubu to stabilise and improve the economy in written form
I cannot reduce what was not there in the first place
Peace

The Constitution is a verbal promise
Party manifestos na beer parlor talk abi
Oga talk better thing

People like you are responsible for bad governance

tishbite42:
The Constitution is a verbal promise
Party manifestos na beer parlor talk abi
Oga talk better thing

People like you are responsible for bad governance

It seems you are unaware that constitution can be in written format like Nigeria's or unwritten like the UK's.
Party manifesto? You make me laugh. Do you realize a written contract must be given consent by both parties before it can become legally binding? So, can you show me how many voters come in contact with the manifesto and how many sign it?
IQ indeed

nairalanda1:
More like no one wants to pay N1500 Or more for a liter of petrol

Everything flows from there.

Where did you see that in interview

victorDanladi:
You are all just mad in that part of the country

werey. Suffer head fellow. Omaale jatijati

DeLaRue:
According to this man, Mr Dangote spent nearly 10 years building a refinery, but forgot to secure contracts for the very raw material the refinery needs to operate.

Very Nigerian.

We build power plants, announce to the world that we now have 10,000 megawatts capacity, only to remember at the last minute that, there is no gas to operate the plants. And so the power plant doesn't function for another 5 years

We are not the best at organisation and planning.

Sometimes before you write, take your time to find out the right information. Basic public information has it that Nigeria has crude allocation for local refining. What any sane Nigerian should ask is what has happened to that before castigating Dangote

Babangidapikin:
The Nigerian Petroleum Industry Act (PIA) of 2021 introduces comprehensive reforms in the country's oil and gas sector. Concerning the supply of crude oil to local refineries, the PIA has several provisions aimed at ensuring that domestic refineries have access to crude oil, thereby boosting local refining capacity and reducing dependency on imported petroleum products.

### Key Points Related to Crude Oil Supply to Local Refineries:

1. Obligations for Domestic Supply:
- The PIA mandates that a specific percentage of the crude oil produced in Nigeria must be reserved for domestic consumption. This is intended to ensure that local refineries have sufficient crude oil to process, thereby promoting local refining activities.

2. Crude Oil Pricing:
- The Act stipulates that the price of crude oil supplied to domestic refineries should be market-driven. However, there is also a provision for the government to intervene if necessary, ensuring that prices are fair and do not hinder the operation of local refineries.

3. Domestic Crude Allocation:
- The Nigerian National Petroleum Corporation (NNPC), or its successor (now known as NNPC Limited), is responsible for ensuring that crude oil is allocated to local refineries. The allocation process must be transparent and aligned with the broader goals of the PIA, such as increasing local production and ensuring energy security.

4. Support for Refinery Development:
- The PIA also includes incentives for the development of new refineries and the expansion of existing ones. These incentives are designed to encourage investment in the refining sector, with the ultimate goal of achieving self-sufficiency in petroleum product supply.

5. Strategic Reserves:
- The Act provides for the establishment of strategic petroleum reserves, which include provisions for crude oil. This reserve is intended to ensure that the country has a buffer in times of crisis or when there is a significant disruption in the global oil market.

In summary, the PIA aims to ensure that local refineries in Nigeria have adequate access to crude oil, with provisions for a market-driven pricing mechanism, obligations for domestic supply, and incentives to boost local refining capacity. These measures are part of the broader goal of transforming Nigeria's oil and gas sector and reducing reliance on imported petroleum products.


The specific sections of the Nigerian Petroleum Industry Act (PIA) that deal with the supply of crude oil to local refineries are primarily found in Part III, which discusses the fiscal framework, including provisions related to domestic crude oil supply obligations.

Here’s a key excerpt:

### Section 109: Domestic Crude Oil Supply Obligation
1. "The Commission shall ensure that domestic crude oil supply obligation is made on a fair and equitable basis to satisfy domestic consumption requirements."

2. "The price of crude oil and condensates supplied to licensees or lessees of a crude oil refining license for domestic consumption shall be the prevailing market price, unless otherwise determined by regulations made by the Commission."

3. "The Nigerian National Petroleum Corporation (NNPC) or any other entity that holds domestic crude oil supply obligations shall allocate crude oil to refineries in accordance with this Act."

### Section 110: Regulation of Domestic Crude Oil Supply
1. "The Commission may, by regulation, prescribe the framework for the allocation of crude oil to local refineries, ensuring that local refineries are supplied in a manner that promotes local refining capacity."

2. "The framework may include incentives for refineries to encourage the refining of crude oil within Nigeria."

These sections emphasize the commitment to ensuring that local refineries are supplied with crude oil to meet domestic demand, with a pricing mechanism that reflects market conditions, unless otherwise regulated by the Commission.

The provisions also provide the legal basis for the Commission to create regulations that would promote local refining capacity, ensuring that the goals of self-sufficiency and energy security are achieved.

jaxxy:
He's competing against exporters and that's why he should be supported. This is not about monopoly but economic priority and which is the cheaper option short/longterm.


There is nothing bad in asking for special treatment in special cases like this.

He cannot compete against exporters when he is not an exporter of crude.
He is an importer.
The only support he can get is from the government and helping him will reduce government
revenues.

If the government comes out to say that it will reimburse exporters for any loss in revenue
due to trading with Dangote at lower price(subsidy), all the exporters will be jostling to supply Dangote due to the
easier logistics.
Anything outside of that, Dangote will have to wait until Nigeria crude production hits at least
2 million barrels per day when NNPC will have enough to go round.

Kukutenla:
It seems you are unaware that constitution can be in written format like Nigeria's or unwritten like the UK's.
Party manifesto? You make me laugh. Do you realize a written contract must be given consent by both parties before it can become legally binding? So, can you show me how many voters come in contact with the manifesto and how many sign it?
IQ indeed

Lord have mercy
Look at the half-baked intellectual I have been arguing with
😂😂😂
Man took the word 'unwritten' in its literal meaning
Unwritten simply means it is not codified or structured and so anything can be added to it from time to time without any stress. That's why you don't hear anything like Constitution amendment in the UK. An unwritten constitution is a document. Only thing is that its contents are not codified, cohesive and structured in a book like a written constitution.
The Magna Carta is an example of an unwritten constitution. I'm sure it is not a verbal agreement or promise 😂😂😂😂

Examples of written constitutions include the Code Napoleon, the US constitution and that of Nigeria

I'm cooking now. I don't have the time to school you further

People like you are the reasons why MNK called Nigeria a zoo

tishbite42:
Lord have mercy
Look at the half-baked intellectual I have been arguing with
😂😂😂
Man took the word 'unwritten' in its literal meaning
Unwritten simply means it is not codified or structured and so anything can be added to it from time to time without any stress. That's why you don't hear anything like Constitution amendment in the UK. An unwritten constitution is a document. Only thing is that its contents are not codified, cohesive and structured in a book like a written constitution.
The Magna Carta is an example of an unwritten constitution. I'm sure it is not a verbal agreement or promise 😂😂😂😂

Examples of written constitutions include the Code Napoleon, the US constitution and that of Nigeria

I'm cooking now. I don't have the time to school you further

People like you are the reasons why MNK called Nigeria a zoo

I'm still struggling to see how you treatise negates my position. So the UK constitution is written now and signed by all the citizens and UK Prime Minister as a contract abi?
I think you need to face your cooking. You're writing in the nonsense

MajorOvakporaye:
APC is a curse to Nigeria.

PDP is also satanic to Nigeria

Kukutenla:
I'm still struggling to see how you treatise negates my position. So the UK constitution is written now and signed by all the citizens and UK Prime Minister as a contract abi?
I think you need to face your cooking. You're writing in the nonsense

Of course
That's better than wasting my time

tishbite42:
Of course
That's better than wasting my time

You quoted me first because you did not understand the difference between an agreement between a govt and its citizens and a contractual agreement between private parties.

I've been taking the pains to educate you since though it's no mean feat seeing how hard you are at learning.

Now you are bringing something irrelevant as written and unwritten constitution as if that changes the substance of my argument. The UK constitution is unwritten so there is no legal document to "sign" if it were even possible. The Nigerian constitution is written but it is not a contract itself between the government and the people. It is instead the law guiding the social contract between the govt and the people.
If you still do not understand this simple fact, Ah!! I shake head for you.

ivolt:
He cannot compete against exporters when he is not an exporter of crude.
He is an importer.
The only support he can get is from the government and helping him will reduce government
revenues.

If the government comes out to say that it will reimburse exporters for any loss in revenue
due to trading with Dangote at lower price(subsidy), all the exporters will be jostling to supply Dangote due to the
easier logistics.
Anything outside of that, Dangote will have to wait until Nigeria crude production hits at least
2 million barrels per day when NNPC will have enough to go round.

Sorry I ment to say "against importer cabals" because we are currently importing fuel so obviously they won't want fuel refined locally. The issue is the importation of fuel is not feasible because of the high cost hence the introduction of subsidy and even tho government says they have removed subsidy it has come back again even worse through the back door.

The least this incompetent government can do is support Dangote to so they can stop paying back door subsidy and at same time reduce the cost of fuel for Nigerians.

Anything else is sabotage and ripping Nigerians to enrich a few cabal importers for no reason..

strangest:
Finally using an Igbo man to disprove Malta deal

"Using an igboman?" Have you people finally gone insane? Who the hell do y'all think you are, really? Who gives a phuck about your feelings? You think you matter? It's been proven time without numbers that you don't matter in the grand scheme of things as long as the Nigerian politics is concerned...wetin dey worry this one?

landon:
You do realise his elder brother was a former Mobil general counsel, nnpc Gmd and minister of petroleum. So he isn't clueless.

What does that change? Is this the first time I am reading his crap? Abeg go and sit down somewhere. Some of you think everyone is a moroon just like yourself.

What a dumb analysis

Ifyz0001:
This Kachikwu is high on cheap weed. Who are the bigger players? We are talking about a refinery in Nigeria and not an exporter of crude oil.

When you say bigger players you mean other refinery abroad right?

Who should be bigger? Nigerian home refinery or abroad refineries?

This man is one of the cabals sabotaging our local refinery obviously.

Shell and Mobil are d bigger players, d have their own refineries. D also supply dem crude. Just as dangote buys from usa.. also, nnpc have sold our oil ahead. d man knows wat he is saying.

YoungBlackRico:
"Using an igboman?" Have you people finally gone insane? Who the hell do y'all think you are, really? Who gives a phuck about your feelings? You think you matter? It's been proven time without numbers that you don't matter in the grand scheme of things as long as the Nigerian politics is concerned...wetin dey worry this one?

Ibadan boy don drop quote

DaddyJapan:
It is refreshing to hear such incisive analysis.
Kachikwu is right, we need to learn to separate #facts from #emotions.

Yeye analysis. Is Dangote and Shell, Mobil and other oil companies operating in the same space? Can shell or Mobil build such a huge refinery in Nigeria? Dangote has built the biggest refinery in Africa and this one is claiming there are bigger boys in the oil refinery business.
How many staff does Mobil and shell have in Nigeria compared to how many staff Dangote refinery will have when it begins operating at full capacity?

strangest:
Ibadan boy don drop quote

una dey mentally retardéd and it's painful.

Otamendi99:
Shell and Mobil are d bigger players, d have their own refineries. D also supply dem crude. Just as dangote buys from usa.. also, nnpc have sold our oil ahead. d man knows wat he is saying.

Oya show me shell and Mobil refineries that has the capacity of Dangote refinery. Shell only refinery in Asia, the Bukom refinery in Asia gas a capacity of 237,000 barrels per day. That's about 1/3 of Dangote's refinery.
We can never appreciate our own and exhibit the "pull him down" syndrome.

What I understand from this man is that you cannot start a business and totally plan to depend on your rich parent's support.

When they choose not to support you even if they have obligations to do so, you don't need to cry.

What if you don't have a parent to cry to?

wirinet:
Oya show me shell and Mobil refineries that has the capacity of Dangote refinery. Shell only refinery in Asia, the Bukom refinery in Asia gas a capacity of 237,000 barrels per day. That's about 1/3 of Dangote's refinery.
We can never appreciate our own and exhibit the "pull him down" syndrome.

Tws, dangote has a big refinery one only, total capacities of all shell or mobil is 10x dat of dangotes and all of dem need feed stock to operate. Nobody is pulling anyone down. Dis companies have already existing contracts. Shld d cancel it and den attend to him, thereby bringing lawsuits to dia door step. Think braa

YoungBlackRico:
una dey mentally retardéd and it's painful.

As wise as King Tulumbu

Another perspective to look at it, this is.

You are the number one. The politicians, the cabals and the civil service that killed all the refineries are the same frustrating Dangote refineries. They dont only frustrate, they want to kill it as they killed the existing ones. Together with their partners in Europe and America.
And Nigerians continue to die

Na all the people wey old pass me for your family house be slowpoke.

2sexycom:
What does that change? Is this the first time I am reading his crap? Abeg go and sit down somewhere. Some of you think everyone is a moroon just like yourself.