₦airaland Forum

capatainrambo:
the electricity your useless govt export to countries. Do you have it in this your shit hole?

if they supply electricity to you, what will you use it to do?

Lunatics like this too many for thiancountry i swear.

capatainrambo:
the electricity your useless govt export to countries. Do you have it in this your shit hole?

Kemetian:
Nigeria to block export permits of oil producers not meeting local refinery quotas

https://www.reuters.com/world/africa/nigeria-block-oil-export-permits-producers-who-do-not-fill-refinery-quotas-2025-02-03/

Have they block themselves from borrowing loans from multilateral organizations?

datola:
Hmmm.... Nigeria tins get as e be.

I have been looking for filling stations that sell Dangote fuel. Most of the MRS filling stations are out of stock. I was able to get one yesterday where I refilled. I want to see if I will get better mileage.

That better mileage thing is just internet sensation created to drive demand to MRS and it worked.

I have bought MRS all through January and don't notice any difference

SatoshiX:
Way to go.
You can't be taking our crude oil outside the country while the local market is facing shortage.

but you be borrowing loans from multilateral organizations and be importing substandard expensive petrol from with secret subsidy?

AbuTwins:
Follow the law or be sanctioned!

This is not the era where Diezani will be packing trillions and everyone will be sleeping!

Zombie
Those who are there now are more corrupt than Diezani

Just because they speak your language doesn't make them saints

Proudlyngwa:
They should apply this sanction to Gas too

Well that shows you insincerity on their part
They are speaking up because of the refiners not that they really care

Dogalmighty17:
The law needs to be revisited. It is understandable that oil suppliers will seek markets where the can get the best price for thier output. It is also understandable that the government would want the needs of the local refineries met before exporting to the foreign market.
However, this situation leads to an inevitable situation where the price the local refineries may offer will be less than what the international market offers. Forcing the oil companies to meet local quotas at less prices goes against the free market.

Free market ko, free commodity ni
There's no free market anywhere
Learn to put your interests first
Why is Trump imposing tariffs to protect US while dishing out money to oil firms to drill more oil

Dogalmighty17:
The law needs to be revisited. It is understandable that oil suppliers will seek markets where the can get the best price for thier output. It is also understandable that the government would want the needs of the local refineries met before exporting to the foreign market.
However, this situation leads to an inevitable situation where the price the local refineries may offer will be less than what the international market offers. Forcing the oil companies to meet local quotas at less prices goes against the free market.

True, because our Bonny light crude called sweet crude is special and the most expensive in the world. We get more value from it when it is exported because local refiners would not want to pay the real price for it because it’s local to us.

datola:
Hmmm.... Nigeria tins get as e be.

I have been looking for filling stations that sell Dangote fuel. Most of the MRS filling stations are out of stock. I was able to get one yesterday where I refilled. I want to see if I will get better mileage.

You drive into the station then ask them if it is Dangote ?

Same must be for agricultural stuffs, electricity, gas and employment too. Serve and save the home first. Even if nothing is good about America Trump but putting one's country first is commendable.

The problem is, the refinery owners don't want to pay international prices for crude oil.

The crude oil people meanwhile are competing internationally. If they sell below international prices, they lose money. But if the refineries buy at international prices, petrol refined from domestic source would cost N1300 naira.

Government does not want to return subsidy because no money for that, and they also want to win elections, so what they are doing is forcing the crude oil suppliers here to sell at lower prices.

Price control by stealth

And people think APC is a good party. Price controls are always the begining of economic ruin, eventually.

As usual, APC and tinubu don't know economics.

Someone is really missed off with Dangote

Ojuntana:
Well that shows you insincerity on their part
They are speaking up because of the refiners not that they really care

Nigerias quest for Fx is too high, but that does not mean , local market should be ignored .

Yes they are business entities and profit is Thier driving force. Am also against government involvement in business, but if we can have policies that says in so so and so essential category, a percentage of x must be fed into y except z is saturated, otherwise you pay k. Then it will go into either creating more of that commodity or generating more revenue for the government.

Either way the country wins.

nairalanda1:
The problem is, the refinery owners don't want to pay international prices for crude oil.

The crude oil people meanwhile are competing internationally. If they sell below international prices, they lose money. But if the refineries buy at international prices, petrol refined from domestic source would cost N1300 naira.

Government does not want to return subsidy because no money for that, and they also want to win elections, so what they are doing is forcing the crude oil suppliers here to sell at lower prices.

Price control by stealth

And people think APC is a good party. Price controls are always the begining of economic ruin, eventually.

As usual, APC and tinubu don't know economics.

Their can always be a caveat to everything.
Crude is internationally priced does not mean it should be sold at that price. This is more of a kickback situation than a price situation.

Proudlyngwa:
Their can always be a caveat to everything.
Crude is internationally priced does not mean it should be sold at that price. This is more of a kickback situation than a price situation.

Well, even then, person that is drilling for oil has to make a profit. Everything they use to drill for the oil is sourced from oversease. SO, expensive. If they are losing money from supplying the home market, it may impact their ability to drill for oil.

nairalanda1:
Well, even then, person that is drilling for oil has to make a profit. Everything they use to drill for the oil is sourced from oversease. SO, expensive. If they are losing money from supplying the home market, it may impact their ability to drill for oil.

You still don't get me.

They should be a quota for domestic consumption, this quota is tax exempt.

Now should there be a saturation in the local market, you apply for it to be sold in the international market,
Don't forget selling outside you pay tax ,duties, licence fees and much more, .
So when all this is calculated, they won't run at a loss,

capatainrambo:
the electricity your useless govt export to countries. Do you have it in this your shit hole?

Stop displaying your crass ignorance with demented confidence,it depicts you as a clown......Nigeria is under statutory obligation to export electricity to the neighbouring countries so the major tributaries of the Niger and the Benue don't get depleted with too many power generation dams......if
Niger,Burkina or Ghana and Cameroon decide to have dams each,you would have nothing left to provide electricity for your people

Ojuntana:
Zombie
Those who are there now are more corrupt than Diezani

Just because they speak your language doesn't make them saints

Show us what they stole! I can't accuse your dad of theft without evidence!

Deziani is clearly what she was!

Good one. Meet local demands before exporting.

chimex38:
We stopped these countries through agreements from establishing Dams on the sources and path of the river Niger that houses Kainji and shiroro dam. Otherwise we won't have enough river flow flowing towards Nigeria to power the dams.

In exchange for that , Nigeria agreed to sell a quota of electricity to them for the gesture since we prevented them from having their own dam to generate power.

The source of this River Niger is Fouta Djallon mountain in Guinea. Flowing through Mali, Benin and Niger.

I just schooled the ignorant fellow just has you have done......it's funny this are the people who would be teaching a sitting president what to do and what not to do but don't even have the base knowledge about the most basic things.

This law I believe was in effect when refineries were running.
After sometime, we did not refine in large quantities except for modular refineries producing diesel and kerosene.

Now that Dangote refinery is onboard and he has massive capacity, it is only right that the law be revisited for compliance.

Kingray10:
These people are wicked, they prefer to export everything and leave the local refinery working stranded.

Ah ah...

"These people" are wicked?

Not Tinubu abi APC anymore

Your brain is tired!

🤣

You may not like TINUBU, but his policies are the best for Nigeria.

datola:
Hmmm.... Nigeria tins get as e be.

I have been looking for filling stations that sell Dangote fuel. Most of the MRS filling stations are out of stock. I was able to get one yesterday where I refilled. I want to see if I will get better mileage.

hope you're not in Abuja? Not until I move to the south, that I realise I've been buying substandard fuel...

Before one hails this, one must understand if this was negotiated as part of the fiscal terms. Will it come from NNPC's part or the partner/contractor's part? What has NNPC been doing with the previous volumes?

Kemetian:
Nigeria to block export permits of oil producers not meeting local refinery quotas

https://www.reuters.com/world/africa/nigeria-block-oil-export-permits-producers-who-do-not-fill-refinery-quotas-2025-02-03/

Why are we so hypocritical with the truth?
Dangote is underpricing the crude and overpricing the refined products and the FG is wilding the big stick to ensure Dangote makes more profit but same cannot be done to ensure Nigerians get fair pricing.

If these foreign refiners buy at a higher price, transport it to their countries, refine it and transport it back to Nigeria and it is still cheaper than what Dangote is selling, what does that tell us?

Inflation in Nigeria started and is still being sustained by the Dangote group.

The rich should allow the poor breadth.

It seems regulators in the oil sector are finally waking up from their slumber.

AbuTwins:
Follow the law or be sanctioned!

This is not the era where Diezani will be packing trillions and everyone will be sleeping!

The one tinubu is packing through oando nko

Another sakamaje audio policy


Who can they block