BUA Refinery: Management dismisses 90% completion rumors. - Politics

BUA Refinery: Management dismisses 90% completion rumors. - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › BUA Refinery: Management dismisses 90% completion rumors. (23433 Views)

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BUA Refinery: Management dismisses 90% completion rumors. by ManLikeL(op): 8:31am On Jan 05, 2025

BUA REFINERY AND PETROCHEMICALS, AKWA IBOM: AN UPDATE

Contrary to a misleading report stating that our 200,000 barrels/day refinery is at 90% completion, BUA wishes to advise the public to disregard such misleading reports that did not emanate from us.

As we make remarkable strides on our Akwa Ibom refinery project, we are proud to share that construction is progressing steadily. Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration with our partners. This BUA Refinery & Petrochemicals project represents a major milestone in strengthening Nigeria’s refining capacity and energy security.

Our other energy projects, including the construction of a mini-LNG plant and several new hybrid power plants across the country to add additional capacity to our over 1,000MW installed captive power generation capacity, are also progressing rapidly.

The public is advised to verify any news through our official channels and platforms so as not to be misled by mischievous persons.

At BUA, we remain committed to transparency and excellence. As we have consistently done with over 12 of our completed mega industrial projects worth over $ 3.5 billion in the past 10 years, we will continue to keep you updated with verifiable and accurate information only where necessary, and as milestones are achieved. We appreciate the public’s interest and enthusiasm for this transformative project as we work together in building a stronger industrial and manufacturing base for a self-reliant Nigeria.

Signed:
Management

https://x.com/BUAgroup/status/1875787107077124396

15 Likes 2 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by AntiChristian: 9:24am On Jan 05, 2025

Na this BAT era all these refineries go work!

Na this era Nigeria go get am right!

May thunder from the Almighty strike all those who are against the betterment of Nigeria!

131 Likes 20 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by temitope27(m): 9:24am On Jan 05, 2025

E múra sí

6 Likes 2 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by Donchieli: 9:26am On Jan 05, 2025

Ghud

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Re: BUA Refinery: Management dismisses 90% completion rumors. by sparko1(m): 9:26am On Jan 05, 2025

In 5 years Nigeria will have More refineries than the whole of Africa, lol!

It's like the business just became lucrative and everyone is interested.

83 Likes 12 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by Ijaya123: 9:26am On Jan 05, 2025*

sparko1:
In 5 years Nigeria will have More refineries than the whole of Africa, lol!

It's like the business just became lucrative and everyone is interested.

The more the merrier. Competition is good for the market. No room for monopoly anywhere.

What I would advice the Tinubu government to do now is to privatise the refineries so they can be run like proper corporate organisations bereft of government civil service attitudes that is the undoing of most public institutions. The govt can retain like 15-20% stake though.

MIKOLOWISKA:
nlc go gree?
Shebi they refused to sell benue cement
We all saw kogi try to usurp dangote abi una don forget?
See am. I never even talk finish you already talking about retaining 20%.
So they can be employing 20% cronies that will bring the whole thing down

20% is just the minority. whoever has majority stake runs and determines the affairs of the company

80 Likes 12 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by Godsonkemz(m): 9:27am On Jan 05, 2025

APC propaganda. Always giving people false hope. Unfortunately for them this time, BUA debunked their claims.

23 Likes 7 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by Imperare: 9:30am On Jan 05, 2025

Ok good

Re: BUA Refinery: Management dismisses 90% completion rumors. by DeepSight(m): 9:31am On Jan 05, 2025

AntiChristian:
Na this BAT era all these refineries go work!

Na this era Nigeria go get am right!

May thunder from the Almighty strike all those who are against the betterment of Nigeria!

May thunder also fire anyone who agrees with the award of a N15 Trillion Contract to a Lebanese paddy of the president without appropriation, BPP Processes or any public tender.

38 Likes 3 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by BabaCommander: 9:35am On Jan 05, 2025*

See Dangote cement, see BUA cement...
See Dangote refinery, see BUA refinery...

Nigeria is suffering from a dearth of originality of ideas.
This perhaps, is why we are in such a sorry state as a nation.

17 Likes 7 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by tpain121: 9:36am On Jan 05, 2025

ManLikeL:
https://x.com/BUAgroup/status/1875787107077124396

Na resident nairaland agbadorians Dey peddle this lies

They are using touch light to look for refineries everywhere.

Useless lots.

9 Likes 3 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by Basic123: 9:39am On Jan 05, 2025

DeepSight:
May thunder also fire anyone who agrees with the award of a N15 Trillion Contract to a Lebanese paddy of the president without appropriation, BPP Processes or any public tender.

Na that name BAT in that post dey make you convulse like this 😆

136 Likes 6 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by gbengene1234(m): 9:40am On Jan 05, 2025

Whether at 90% or not...
We Nigerians are only concerned about the reduction in the cost of PMS, GAS and Kerosene. It not compulsory we sell at the International price when we got our crude here. Apc government should start working on how inflation will be reduced to the minimal not until it is election period. God bless Nigeria

10 Likes 6 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by bewisemasses: 9:41am On Jan 05, 2025

I can imagine d kind of feeling Dangote goes thru anytime he hears or thinks of d name bua.

15 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by ayinde2020: 9:43am On Jan 05, 2025

We now know you are building refinery.

2 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by DeepSight(m): 9:44am On Jan 05, 2025

Basic123:
Na that name BAT in that post dey make you convulse like this 😆

God help you if you feel what I mentioned is ok for your country so long as its a president you like. No worries. Enjoy.

2 Likes 2 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by bewisemasses: 9:45am On Jan 05, 2025

BabaCommander:
See Dangote cement, see BUA cement...
See Dangote refinery, see BUA refinery...

Nigeria is suffering from a dearth of originality of ideas.
This perhaps is why we are in such a sorry state as a nation.

Did u read where it said bua is invesomg in power plants to boost electricity by 1000 kw.
Truly Africans don't read.
I reject d spirit of criticising those doing and acheiveng great milestones in life while pampering my self into medicrity

17 Likes 2 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by GMIS: 9:45am On Jan 05, 2025

DeepSight:
May thunder also fire anyone who agrees with the award of a N15 Trillion Contract to a Lebanese paddy of the president without appropriation, BPP Processes or any public tender.

Paddy abi na front his Son is a Director/ Major Share holder

Re: BUA Refinery: Management dismisses 90% completion rumors. by TossTos(m): 9:48am On Jan 05, 2025

PBAT effect in full swing commence this year , this time , reduction in costly things ..

#RekindleHope

2 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by masui(m): 9:50am On Jan 05, 2025

Refinery wey access road dey at 65% percent.

Na wetin propaganda people say the refinery don reach 90% completion. Abi dem fly all those heavy components enter the site?

2 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by mytime24(f): 9:51am On Jan 05, 2025

Even if completed , shey d price of fuel go reduce,

Example frm their cement

4 Likes 4 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by AMKAG66(m): 9:52am On Jan 05, 2025

sparko1:
In 5 years Nigeria will have More refineries than the whole of Africa, lol!

It's like the business just became lucrative and everyone is interested.

The next keen investment competition I foresee is in the electricity sector the followed by the Agric, healthcare ,Real Estate and Education in that order .
I predict starting from mid this year onwards, both local and foreign investments will surge. The economic stability measures are taking effects and industrial players are closely watching. The future outlook is strongly positive.
Watch this space.

8 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by free2ryhme: 9:52am On Jan 05, 2025*

ManLikeL:
https://x.com/BUAgroup/status/1875787107077124396

It’s easy to see why some might perceive updates like this as bordering on propaganda, especially when the progress doesn’t align with earlier expectations or rumors in circulation. Companies like BUA, given their significant role in Nigeria’s industrial development, have a responsibility to be crystal clear with the public.

Now, they’re saying the refinery isn’t at 90% completion but that things are "progressing steadily" and "on track." The question is, on track to what exactly? Without hard data or specific milestones, such statements can come across as vague reassurance rather than substantive progress.

People are naturally skeptical because they’ve seen too many grand projects that are announced with fanfare, hyped for years, and then fall short or vanish altogether. Nigerians have a long history of dealing with unfulfilled promises, especially in critical sectors like energy and infrastructure.

The part about "verifying information through official channels" is fair—misinformation can spread quickly. But at the same time, shouldn’t BUA and other big players take extra steps to ensure their communications are proactive and detailed enough to prevent speculation in the first place? False hope only breeds frustration when reality doesn’t meet expectations.

The real test will be when this refinery starts delivering the promised barrels of oil daily and strengthens Nigeria’s refining capacity. Until then, it's all about action over words.

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Re: BUA Refinery: Management dismisses 90% completion rumors. by MrPresident1: 9:54am On Jan 05, 2025

So which percentage completion una dey?

Nigeria is re-industrialising, we de-industrialised to be part of the globalization agenda and all our jobs and production was shopped off China. Now as we have access to cheaper fuel and energy, local production will kickoff.

Ajaokuta will work, the giants of mighty intellectual prowess are coming. The giants and magnates.

4 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by Hisroyalbadmeat(m): 9:55am On Jan 05, 2025

DeepSight:
May thunder also fire anyone who agrees with the award of a N15 Trillion Contract to a Lebanese paddy of the president without appropriation, BPP Processes or any public tender.

Bitter kola grin

2 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by BoldBrainz(m): 9:57am On Jan 05, 2025

BabaCommander:
See Dangote cement, see BUA cement...
See Dangote refinery, see BUA refinery...

Nigeria is suffering from a dearth of originality of ideas.
This perhaps is why we are in such a sorry state as a nation.

What exactly are you insinuating? That because Dangote conceived investment ideas in Cement and Oil, another Nigerian investor can't toe the same paths?

4 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by Satazaa: 9:58am On Jan 05, 2025

BabaCommander:
See Dangote cement, see BUA cement...
See Dangote refinery, see BUA refinery...

Nigeria is suffering from a dearth of originality of ideas.
This perhaps is why we are in such a sorry state as a nation.

BUA is a copycat businessman but a very smart one at that, though the risk of being copycat is that the originator Dangote would have enjoyed a first mover advantages and would have consolidated before others

4 Likes

Re: BUA Refinery: Management dismisses 90% completion rumors. by DeepSight(m): 10:03am On Jan 05, 2025

Hisroyalbadmeat:
Bitter kola

Enjoy oh, if you feel thats the way to run a country. Enjoy.

Re: BUA Refinery: Management dismisses 90% completion rumors. by MichaelSokoto(m): 10:07am On Jan 05, 2025

descendants of Lai Muhammed, hw mkt?

Re: BUA Refinery: Management dismisses 90% completion rumors. by MichaelSokoto(m): 10:11am On Jan 05, 2025*

the truck loads of lies bn dished out on a steady by d vampiric demonic APC party urchinobis & urchintolas has finally bn bursted!

Shameless zoneBs!

Even d orobo on TVC was shamelessly claiming d refinery was almost complete.

APC wereys & lies are 5 & 6

Someone like hell-anus 4 example now, only God knows d kind of lies he would be dishing out to his ppl at home on a daily!

2 Likes 2 Shares

Re: BUA Refinery: Management dismisses 90% completion rumors. by P1PrinceKT(m): 10:12am On Jan 05, 2025

Ijaya123:
The more the merrier.

No room for monopoly anywhere

Had it been there's no Dangote Refinery, No refinery will have been fixed by now.

1 Like 1 Share

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