₦airaland Forum

Reference:
A decade ago in opposition they objected to it's sale.

A decade later and 3 billion dollars down the drain, the are silent with rotten eggs in their faces.

The story of Nigeria.
Everyday you look back to what happened in 2015 and what could have been.

This is with out a doubt the saddest, the most devastating period in this country's history perhaps since the civil war.

Selling the refineries, and no, I am not here to defend the oppostion back then, especially since I hold them responsible for sabotaging the 2012 removal of subsidy planned by the government that would have changed things drastically....would not have worked.


(Now mind, I am speaking to you assuming we are not here to play politics. I am not a pdp or apc supporter).

1.The refineries were already old back then. Obasanjo famously called them scrap even then. Any private entity would have ended up with loss making refineries, or would have had to spend billions rebuilding them

And they were scrap because since 1994, thanks to subsidy, the sector had not made enough profit to keep upgrading them. (Yes and corruption).

2. Subsides were in place. Anyone buying the refineries would have struggled to make a profit with consumption subsides in place (until 2013, subsides for all products from refineries were in place).

Now mind your response to me. You guys have a way of misinterpreiting my comments.

Sirleo05:
The saboteurs to this failed project are, government, NNPC, oil marketers, and even this I strongly believe is foreign bodies or even country too

Okay, let's say you are running a bakery. It costs you N2000 to make a good loaf of SirLeo05 fruit bread, which you sell at N2300 to retail.

Suddenly government comes in and tells the people selling your bread, the retailers, that they should sell the bread at N200 to help the poor...and they will pay subsidy of N1000

All of a sudden retailers would be struggling to buy your bread. And your factory would be struggling to make a profit. Soon you would be unable to make upgrades, and maintenance, and you would be sacking workers.

Then 25 years later, when you have moved on...government comes and says subsidy is gone.

Your bakery is now 25 years behind the times. Would you resume production with what spare parts and maintenance for an obsolete bakery...or would you spend money to tear it down and buy expensive new equipment (to say nothing of retraining new staff on how to use the equipment).

SOmehow you resusicate the obsolete bakery...but because it is now an old cargo...it breaks down after a few days. And no amount of revival would bring it back.

Now that is the story of how we lost our refineries. ....just replace bakery with oil refinery.

With these facilities working,it can take some good number outta the streets.
But 9ja government say "no",they prefer refining abroad.
Wdf

brain54:
These refineries are just avenues to syphon money...

That's why they refuse to sell them even when it's obvious they have become liabilities rather than assets!

Later he will say no corruption under his watch.

dominique:
All the billions of dollars spent on renovations gone down the drain just like that

Tinubu is the biggest political criminal to emerge from Nigeria.

dominique:
All the billions of dollars spent on renovations gone down the drain just like that

So you believed money was spent in the first place. You can possibly believe anything. They, the politicians play you guys like chess. All those refineries are avenues of syphoning money. No one spend on those refineries actually.

Kanixt:
Obasanjo wanted to sell it out, it was Atiku who objected it. Atiku boys still running the refineries

OBJ sold them to Dangote, it's YarAdu'a that reversed it due to pressure from the Labour unions. I believe they're a lot of vested interests there. Some employees get money there without working & recently, their emoluments were increased. With the privatization of NNPC, it's expected that the FG should hands off refining of crude oil.

kgr8mike:
There is no country as wasteful as Nigeria. Just too wasteful to a fault.

insanely wasteful..

I read the comments of people from the page one, there is no defender of the government there

Why do we keep hurting ourselves and thinking we are doing well??

These guys are waging war against our own old age and the youths today are folding their arms

Imagine creating a future where you must bribe to even get to eat, you will bribe to even get your salary

We've never had it this bad, imagine billions being wasted almost on a daily basis and yet we cry no money to feed the poor

We go dey alright sha

tpain121:
They still pay the workers millions of naira monthly. This I know.

Nigeria is a scam .

The NNPC, CBN, FIRS. are major cakes for the top dogs, it's like when you host a party and create a special dish for VIPs


These agencies are their special dishes, they are only fooling us to think any good things will work from them

SarkinYarki:
It can never be okay with this evil party ..remember when they argued here with us that these refineries where working? All in a bid to fight Dangote refinery and allow importation of Petro by cronies of the big man

Do you meant PDP?
Because these Refineries have been in bad shape before this government (party)

They have all been fully repair, waiting for Jesus to come. There is going to be a critical need for energy during those heady days soon to come

DeepSight:
Seunmsg, Image123, etc.
Over to you and your god in the Villa.

Two years plus later.

i don't need the refineries to work, though would be glad if they could. i have come to realize that it is more important for us to stop fuel subsidies and get private refineries working than spending huge amounts annual on turn around maintenance of refineries and Ajaokuta for decades. Like Dangote said recently, it seems those things are never going to work. Except we just spend so much to make them work for ego sake. What Tinubu has focused on are the major like improving our O and G sector which he has done and is doing greatly.
oil theft is at its lowest in over a decade. Export is also up, which is great.

lacasera14:
I passed by the Port Harcourt refinery yesterday night on my way to Warri and the place looks busy, the gas fire was flaring and there were lights everywhere. You mean nothing is happening there? I saw engineers returning from work on their overalls. Looks pretty functional. Hard to believe. But this is Nigeria tho.

I'm just curious to know how NNPCL is competing with DANGOTE REFINERY... Like where are they getting there refined products, I hope they are not importing bad fuel from Russia and Malta into the country

dominique:
All the billions of dollars spent on renovations gone down the drain just like that

No they were used to buy properties in Florida.

abalog:
Do you meant PDP?
Because these Refineries have been in bad shape before this government (party)

pDP never spent 2.5 billion dollars on the refineries in one fell swoop , APC used the name of the refinery to brazenly misappropriate 2.5 billion dollars and the refineries didn't produce a drop of petrol

Shimbo96:
I'm just curious to know how NNPCL is competing with DANGOTE REFINERY... Like where are they getting there refined products, I hope they are not importing bad fuel from Russia and Malta into the country

The friends of the strongman are importing ethanol laced petrol from Malta here they mix it

Image123:
i don't need the refineries to work, though would be glad if they could. i have come to realize that it is more important for us to stop fuel subsidies and get private refineries working than spending huge amounts annual on turn around maintenance of refineries and Ajaokuta for decades. Like Dangote said recently, it seems those things are never going to work. Except we just spend so much to make them work for ego sake. What Tinubu has focused on are the major like improving our O and G sector which he has done and is doing greatly.
oil theft is at its lowest in over a decade. Export is also up, which is great.

He is concentrating on fuel importation big time but keep deceiving yourself .... Fuel importation was still out 2nd biggest import last quarter

Image123:
i don't need the refineries to work, though would be glad if they could. i have come to realize that it is more important for us to stop fuel subsidies and get private refineries working than spending huge amounts annual on turn around maintenance of refineries and Ajaokuta for decades. Like Dangote said recently, it seems those things are never going to work. Except we just spend so much to make them work for ego sake. What Tinubu has focused on are the major like improving our O and G sector which he has done and is doing greatly.
oil theft is at its lowest in over a decade. Export is also up, which is great.

You don't need the refineries to work. Ok, are you just realising that or would you have said that when this government was celebrating fixing them?

What a thing to say.

Good heavens.

oluwaseyi0:
Government should sell them all
No need wasting money

Who will buy the refineries?

they sabotage everything

SarkinYarki:
He is concentrating on fuel importation big time but keep deceiving yourself .... Fuel importation was still out 2nd biggest import last quarter

i clearly said export, what are you reading?

DeepSight:
You don't need the refineries to work. Ok, are you just realising that or would you have said that when this government was celebrating fixing them?

What a thing to say.

Good heavens.

It's exciting that the current FG got the refineries working for a couple of months after many years of not working. i think there's a second part of the refinery at Rivers State that is more modern also. If it works, great. i want Nigeria to refine its own crude instead of importing and subsidising imports. Dangote seems to be getting a good hang of this in the past two years, first time in Nigeria. He's even exporting refined products. BECAUSE of this, i don't need the government refineries to work. i am getting what i wanted from Dangote at zero cost, compared to FG spending billions to get my wish of Nigeria refining crude, to little or no avail.
i'm not sure you heard what Dangote said about Ajaokuta last week. That point punctured my desires for that place. i'd rather have a new one than them spending billions on an old model. At this point, selling it off looks better. i have similar thoughts on the refineries now, except they are different problems. Heard other private refineries are getting ready, would be great. With them, government is better off having no business in running refineries.

Image123:
It's exciting that the current FG got the refineries working for a couple of months after many years of not working.

All this shows is how much you will twist around to say all is well with this government. Nigeria needs better citizens, honestly. I keep telling you integrity is key and I hope you dont have to find out later in life.

Yes it's true that the warri refinery is on shutdown for maintenance and it's also true that the warri refinery produce diesel and kerosene on area1 area of the plant for a period of one month December to January before one of the exchanger vessel got blowed while on production, which was the reason of the shutdown but it has been replaced with new one and that particular area1 is okay. Where maintenance is really taking place is area3 which is PMS and area2 which is a support plant to boost production to the maximum capacity

dre11:
https://punchng.com/ghost-refineries-pharcourt-warri-kaduna-plants-rot-as-workers-turn-idle/?amp

I thought Tinubu 's supporters said the Port Harcourt refinery was working months back. I know how they accused the Eleme youth leader who gave a contrary opinion about how the news of the refinery working as a big time joke was insulted here.

DeepSight:
All this shows is how much you will twist around to say all is well with this government. Nigeria needs better citizens, honestly. I keep telling you integrity is key and I hope you dont have to find out later in life.

Take your L.

The workers are not idle, PHRCL firemen and safety officers are actively going to work, especially the support staff, we don't miss work for a day, besides there are a lot of contractors working in the plant, e.g SPIE, MONTEGO, PREZICON, Bridgsite, Nivafer, Tecnimont, Gasontex, Debyl, Dormanlong to mention but a few, so many storage tank in tank farm. The environment is highly volatile.
I don't understand this narrative that workers are redundant, not totally true, may be some department, as it stands we are giving the entire plant fire coverage........

That's why CNG became top story,So that we can look away,but our mind dey.😎

dre11:
https://punchng.com/ghost-refineries-pharcourt-warri-kaduna-plants-rot-as-workers-turn-idle/?amp

Your report is incorrect... There is flare in WRPC. ...Dunno know if there is production but there is flare