₦airaland Forum

Who in his right might will set up a gold refinery in the north? Na waooo! You set it inna secured location. Do you know how much is paid to store gold in secured banks?

The north did not know that Islamatizing Nigeria is one thing, but using banditry and terrorism when previous attempts failed is a NO. Now, it is bouncing back on them.

All they think of is how to make Nigeria an Islamic nation by using force and violence. But investors are running away from their land. Even their own bullionaires have stopped investing there. Lol.

The Northerners had spent decades ruling the country and all they gave us is almajiris. Few years of Tinubu’s administration, they complained like spoilt brats and wanted everything for themselves. I never knew a single individual can stand up to the northern cabals and shook it the way Tinubu is doing. Not even the northern youths enjoyed anything from their wasted years in power. Shameful people!

PulaPower:
According to him, the refinery referenced by the NEF is a private initiative undertaken by Kian Smith, a privately owned mining company.

“At no point did Dr Dele Alake state that the Federal Government owns or established a gold refinery in Lagos,” Tomori said.

Another better private investment. Wailers can keep wailing while people with doings can keep getting things done

Anybody wey no like ham can relocate to Burkina Faso or Niger republic..

@last paragraph, what do you mean by "ham"?

TheStoriesOfMan:
So what exactly is your arguments about when I said that the sit-at-home has been cancelled in the whole of SE?

It has been cancelled but banks are partially working on Monday.

Why are you so confused like this

owobokiri:
How many people will you call "bitter" while trying to defend the indefensible? Na your way naa
It is the same way Murtala took the steel company that was to be sited at Onitsha to Abeokuta and had it stillborn rather than site it at a place it would have thrived...
Same way a serving Chief of Army staff took the headquarters of The Nigerian Navy to the arid North, far way from the nearest seashore..

You build the biggest refinery in the country endless miles away from the nearest oil well and you say it is because of the encumbrances that come with supplying the product to the north through pipelines. When you are reminded that the very crude that needs to be refined will have to travel to your kaduna refinery through the same pipelines, you call me "Bitter"!
Lol
Agenda must agenda naa

Emergency patriots and their fake nationalism...

There is no requirement to locate refineries near oil Wells
That is ignorance

3 of the top 10 refineries in the world are in South Korea
It is not an oil producer
Singapore is not an oil producer it has 3 massive refineries doing 1.3 million barrels per day


ExxonMobil Jurong Island Refinery Singapore ~605,000 ~0
3 Shell Pulau Bukom Refinery Singapore ~500,000 ~0
4 Singapore Refining Company (SRC) Singapore ~290,000 ~0

Your statement is based on emotions not business

Any country in the world can have a thriving refinery
It has nothing to do with being close to an oil well

What about being close to the end user or consumer?

Switzerland refines most of the gold in the world have they got any raw gold?

ELKHALIFAISIS:
They can not site gold refinery in yoruba land but can't site Niger Delta oil in Kaduna, Hausa land . I thought the resources belong to all of us ... Yorubas are the one's deceiving themselves with 1 Nigeria

How does this statement make any sense? Wetin concern Yoruba for here now....

what of kaduna refinery? this country sef.

these people and their complains why dey dem sef dey milk everything

they wan grab everything. thieves.

CodeTemplarr:
But these people want crude for Kaduna refinery? Why didnt Dangote build his refinery in Kaduna or his Kano?

greeedy people

helinues:
The Northerners are sounding like the Tigray people of Ethiopia.

You mismanaged power when you had it

And so what if they do!? If you can site a refinery in Kaduna, why can’t a gold refinery be sited in Lagos!?

The same peeps hinging their watery case on ‘federal character’ are the same ones that have cheated and marginalised Ndigbo/South-East for more than half a century!

Newsmills:
But the private gold refinery in Lagos,where will the company get the gold from to refine,proximity to raw material and market are crucial to siting of industry.A lying government.

There's gold in commercial quantity in the SW. If you don't know before, now you do.

helinues:
But some states in South West have gold deposits

Osun state

Gajagojo:
There is no requirement to locate refineries near oil Wells
That is ignorance

3 of the top 10 refineries in the world are in South Korea
It is not an oil producer
Singapore is not an oil producer it has 3 massive refineries doing 1.3 million barrels per day


ExxonMobil Jurong Island Refinery Singapore ~605,000 ~0
3 Shell Pulau Bukom Refinery Singapore ~500,000 ~0
4 Singapore Refining Company (SRC) Singapore ~290,000 ~0

Your statement is based on emotions not business

Any country in the world can have a thriving refinery
It has nothing to do with being close to an oil well

What about being close to the end user or consumer?

Switzerland refines most of the gold in the world have they got any raw gold?

Dude, you’re comparing apples and oranges….two different things! You cited instances of two countries that DON’T produce oil….last i checked. Had South-Korea or Singapore been oil producing, you think they would have sited their refineries on the other side of the country….far away from their source of material!?

One of the first things we learnt in Economics class in secondary school is that siting of industries are primarily determined by closeness to source of primary raw material!

helinues:
It has been cancelled but banks are partially working on Monday.

Why are you so confused like this

You are the one confusing yourself.

If e sure for you, enter bank counter go withdraw money on a Monday morning in the SE.

Tenses:
That's a bloody lie. Which state in SE

You dey mind am? He think he's clever.

Newsmills:
But the private gold refinery in Lagos,where will the company get the gold from to refine,proximity to raw material and market are crucial to siting of industry.A lying government.

Based on geological surveys and mining activities, several states in the Southwest geopolitical zone of Nigeria contain gold deposits, with some of the most significant, high-grade deposits found in the region.
Here are the states in SW Nigeria with gold deposits:
Osun State: This is a major gold-producing state, with significant deposits located in the Ilesha schist belt. Specifically, the Iperindo area, as well as locations like Itagunmodi, Osu, and Igun, are known for hosting high-grade quartz-carbonate gold veins.
Oyo State: Gold deposits are found in areas such as Shaki and Irawo, where gold anomalies have been identified in stream sediments and schist belts.
Ondo State: Gold is present in Ondo State, often found in association with the geological fault systems that run through the southwestern region.
Ekiti State: Known for various mineral resources, Ekiti State hosts deposits of gold, particularly in areas with schist formations.
Ogun State: Geological surveys have identified gold occurrences in Ogun State, contributing to the list of Southwestern states with potential for gold mining.
Key Locations:
The Ilesha Schist Belt in Osun State is particularly noteworthy, with Segilola Gold Ltd operating a commercial gold mine at Iperindo. Other areas mentioned include the Iseyin-Oyan River and the Ifewara fault zone which cuts through this region.

IGBOPROMISE1:
Dude, you’re comparing apples and oranges….two different things! You cited instances of two countries that DON’T produce oil….last i checked. Had South-Korea or Singapore been oil producing, you think they would have sited their refineries on the other side of the country….far away from their source of material!?

One of the first things we learnt in Economics class in secondary school is that siting of industries are primarily determined by closeness to source of primary raw material!

You have not told us why there is a benefit from having a refinery next to an oil well as opposed to next to the consumer
Or what the benefit is
The flaw in your thinking is refineries must use oil from their countries . That is wrong there is no reason why that must happen they may get better deals elsewhere.
Another assumption is that the refinery must sell in Nigeria
I can set up a refineriy using100% imports and exporting 100%. It is a business period
It is not OUR THING. It is not your business it is his business
)
Shell does not have a refinery in Nigeria but chose to open major refineries in Singapore that has no oil refining oil that is maybe from its Nigerian operations

It is not only oil

This thread is about gold

Switzerland refines more than half the world gold

It has no gold of its own
Over 70 % of world cocoa comes from West Africa chocolate is made in Europe America and other places

Iron Ore Australia is number one producer but is not in the top 10 of steel producers
Diamonds
India , Belgium Israel and UAE are the top diamond cutting locations
They don't produce diamonds

We can go on and on


A refinery is a business not a government parastatal

Those who build refineries are making business decisions


YOUR CLAIM ABOUT SITING NEXT TO RAW MATERIAL IS THEORY
SITING CAN BE NEAR MARKETS

At any rate whether good or bad HOW IS THAT YOUR BUSINESS.

It is private enterprise

PulaPower:
According to him, the refinery referenced by the NEF is a private initiative undertaken by Kian Smith, a privately owned mining company.

“At no point did Dr Dele Alake state that the Federal Government owns or established a gold refinery in Lagos,” Tomori said.

Another better private investment. Wailers can keep wailing while people with doings can keep getting things done

Anybody wey no like ham can relocate to Burkina Faso or Niger republic..

Who are the wailers? Just be bold for once in your life time. Boldness no be crime.

Newsmills:
But the private gold refinery in Lagos,where will the company get the gold from to refine,proximity to raw material and market are crucial to siting of industry.A lying government.

where is Dangote getting is crude from?
You tjink investor think like your Tribe and religious bigot fellows? What the care about is enabling environment and how to make profit. Let North solve their insecurity issue and let Esat solve Ipob issue, investors will come

Newsmills:
But the private gold refinery in Lagos,where will the company get the gold from to refine,proximity to raw material and market are crucial to siting of industry.A lying government.

Go and ask the private company since you know better than them

Mubiola360:
where is Dangote getting is crude from?
You tjink investor think like your Tribe and religious bigot fellows? What the care about is enabling environment and how to make profit. Let North solve their insecurity issue and let Esat solve Ipob issue, investors will come

Is this all you can imagine,let dangote sell his petrol to your southwest only,meanwhile the first point of call for siting of the refinery by dangote was rivers state,check your records,I know you are blinded by nepotism.

Tenses:
Sit at home has been stopped for more than two years now. No state in SE observe it since Maxi Kanu asked it should be stopped.

But wait, which is more terrorising 1. People being massacre in churches in broad daylight in SW or 2. Sitting at home on Mondays in SE?

Massacred in which church? When last did that happen? Please go and sit down somewhere.

Mubiola360:
where is Dangote getting is crude from?
You tjink investor think like your Tribe and religious bigot fellows? What the care about is enabling environment and how to make profit. Let North solve their insecurity issue and let Esat solve Ipob issue, investors will come

Illesha

Newsmills:
Is this all you can imagine,let dangote sell his petrol to your southwest only,meanwhile the first point of call for siting of the refinery by dangote was rivers state,check your records,I know you are blinded by nepotism.

Dangote does not need to sell in Nigeria at all
He can import crude oil 100% and export 100%

A refinery is just s value addition station
A centre if knowledge and technology
Africa sells cotton and buys. Second hand clothes

This idea of locating refinery next to oil is sentiment

She'll has been in Rivers State for decades
Refused to build refineries there but built in Singapore that has no oil

Singapore Land mass is under. 30 % of Lagos State

It has refining capacity of 1.3 million barrels a day

That is more than Nigeria


In 2023, Singapore exported about US $54.6 billion worth of refined petroleum products — **making it one of the top global exporters (around 4th largest by export value) among countries exporting refined oil products.

[b]Collect license and open ur own refinery anywhere you like...



Nigeria shld be Nigeria..stop all this tribalism and ethnicity...

From all indication is Nigeria really one..if not, then divide the thing...let everyone go their ways..

So u have No objection in putting what in which place[/b]

Enough of all this entitlement mentality of some riff-raffs

1144AK:
How does this statement make any sense? Wetin concern Yoruba for here now....

because they are best of friends

Na now em know say federal character exists.

Newsmills:
But the private gold refinery in Lagos,where will the company get the gold from to refine,proximity to raw material and market are crucial to siting of industry.A lying government.

Gold is available in lle-lfe, lfewara, llesa,ljero Ekiti in commercial quantities. The whole of llesa township sits atop gold. It sad to note that illegal mining has been going on in these locations for decades. The refiner would have done her feasiblity studies before choosing her location.

dragunov:
There's gold in commercial quantity in the SW. If you don't know before, now you do.

Thanks for lesson,is that all,by the end of the lesson,what do you envisage I have learnt.

Government of south west for south west.
You go see shege in 2027!
Bunch of tribal bigots!

Coolgent:
Government of south west fir south west.
You go see shegein 2027.
Tribal bigots!

You will. Not see 2027