₦airaland Forum

I want to ask.
What is the use of these pipelines?

Is it dat, if the pipelines are functioning, we wont have all these big tankers on our roads again?

danzaki63:
This Minister is looking fOR a way making his money. Since he knows his benefactor has cornered the NNPC, the, Calabar to Lagos road an other lucrative deals. If this was how the military were doing we wouldnt even build a single pipeline talk less of a refinery. May God save this country.

..you have truly understood the politics of Tinubulation..corruption is a big problem during civilian regimes..now imagine a civilian regime headed by a former drugpin, a fake certificate holder with a template of bullion vans from the Lagoon..

..bro na lie..God & Allah no go safe Nigeria..

..dem don corner NNPCL finish go give nephew..sotay a whole petrol Corporation say dem no get money again..

..tell me one government owned oil corporation anywhere in the world wey dey broke..

..Nigeria case don reach that point..make i shuuu..

Crude way of thinking of crude:

1.7m barrels a day * $84 = $142,800,000 daily

= $4.3b monthly, and $51.4b yearly

In naira at $1 to N1,500, that's N77 trillion a year.

2024 budget protected expenditure of N27.5 trillion, against an expected revenue of N18 trillion, meaning a deficit of N9 trillion.

So if our "crude" calculation of crude with an output of 1.7 million barrels at an international crude price of $84 equals N77 trillion, how come our total revenue (both crude and non-crude) is a paltry N18 trillion?

Assuming our entire expected revenue is oil-based alone, where's the N59 trillion going? Why's 77% of the total crude output revenue going somewhere?

Love800:
What do you mean by pipe borne water systems?

I am not surprised that you don't understand what public water supply system is.
The new generation of Nigerians have been made by Nigeria's government to see private water boreholes as means of public water supply system.
The new generation of Nigerians don't know that government lays pipe for treated running water for citizens. Worse is APC governments at the federal and state levels. Who has heard APC government talk about suppling treated running water to any city in Nigeria?

During military rule, Nigeria problem was not money but how to spend it. Now that we are in a "Democracy," Nigeria lacks money to do anything..
Politicians we hail thee. .

Okay.
Are you talking about water board that use to supply water to residential homes back then?
I use to hear about it.

discusant:
I am not surprised that you don't understand what public water supply system is.
The new generation of Nigerians have been made by Nigeria's government to see private water boreholes as means of public water supply system.
The new generation of Nigerians don't know that government lays pipe for treated running water for citizens. Worse is APC governments at the federal and state levels. Who has heard APC government talk about suppling treated running water to any city in Nigeria?

One word for NNPC is u guys must be crazy

kf1l5

ngkex

shox:
But fg get money build coastal road at 4b/km

It is well

The cost of coastal road is peanut compared with what is needed.

villagereporter:
The wèrè president knew this before hand, goes ahead to buy 150billion Airbus and earmarked another 12b for presidential airfleet maintenance. Though this money is not enough, can it not be use to do part repair..

It is very crystal clear olè Tinubu does not come to save but to steal, kill and maim.

Ègbé ní fún Tilumpu àti àwòn Omo léhìn ee.

My Sìgìdì is been prepared.

You forgot that the pipelines were built so many years ago. The deterioration has been going on but successive governments never thought of replacement. They concentrated on presenting themselves as doing good by satisfyingly immediate consumption. Now the neglect of past years has caught up with us. This is what is happening to your economy. You neglected your today in yesterday and if you do nothing now you will neglect your tomorrow today.

agrowell:
knowing this, why are they then promising us the refinery will start working soon?

Crude pipelines have nothing to do with refinery. It has to do with export of crude.