₦airaland Forum

Just imagine for one minute that this president is not a Yoruba man, the noise would have been over the roof, both from clergymen and scholars; tribalism is a disease.

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Some countries do offer cash palliatives to cushion adverse economic conditions. Nigeria gives cash palliatives that run into billions to ghosts--billions disbursed with no single recipient known or traceable.

/

Courtesy of the dizazter of a faaaake certttifficcate hollldderr

𝘕𝘢 𝘸𝘢

Beeron:
So the best way to determine this is CPI and food inflation which I can confirm is slowly building up, even core inflation is on the rise too because transport fare is shooting through the roof.

At this point, we have to give kudoz and thanks to Dangote refinery and Federal Government because if F.G didn't supply Dangote with more crude.

Or If Dangote refinery wasn't functional now.

Dollar to naira exchange rate would have been 2000/1$ by now, Petro would have been hard to get and inflation would have been through the roof. Our economy would have been overheating.

Tinubu has messed up but for protecting Dangote refinery and implementing the removal of subsidy, Tinubu really saved Nigeria.

Dangote saving Nigeria from fuel disasters
Who would now save us from electricity disasters cus this government can’t get refinery and the grid to work

crestedaguiyi:
Just imagine for one minute that this president is not a Yoruba man, the noise would have been over the roof, both from clergymen and scholars; tribalism is a disease.

The noise is already over the roof, so to speak.

davillian:
Dangote saving Nigeria from fuel disasters
Who would now save us from electricity disasters cus this government can’t get refinery and the grid to work

You know what's funny?

Aso rock is currently being moved off grid to fully Solar, that should signal to you that you should be saving towards getting solar.


😆😆😆😆😆

Donchieli:
Some of all these news sef

Who be the economist abeg

Technically Nigeria no gets economist

Na so o. Na data we go chop?

Technically, we only have politicians who share the national cake through tribalistic zoning and rotation mechanisms.

davillian:
Dangote saving Nigeria from fuel disasters
Who would now save us from electricity disasters cus this government can’t get refinery and the grid to work

There is no electricity disaster because A-looter Propaganda Congress, APC has fixed it, just like they fixed government refineries.

Is God not wonderful



https://www.youtube.com/watch?v=Lba6Uf64Ogc?si=hhzAykUWc-MwSh3J

Princecalm:
Jul 29, 2015

The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.

The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.

The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.

Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.

It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”

The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.

It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.

The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”

The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.

It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.

http://www.punchng.com/news/pharcourt-warri-refineries-commence-preliminary-operations-nnpc/

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saintopus:
Dec 06, 2024
The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

Beeron:
So the best way to determine this is CPI and food inflation which I can confirm is slowly building up, even core inflation is on the rise too because transport fare is shooting through the roof.

At this point, we have to give kudoz and thanks to Dangote refinery and Federal Government because if F.G didn't supply Dangote with more crude.

Or If Dangote refinery wasn't functional now.

Dollar to naira exchange rate would have been 2000/1$ by now, Petro would have been hard to get and inflation would have been through the roof. Our economy would have been overheating.

Tinubu has messed up but for protecting Dangote refinery and implementing the removal of subsidy, Tinubu really saved Nigeria.

Tinubu is a failure. Stop whitewashing it. Propagandist.

FatimaAbubakar:
Tinubu is a failure. Stop whitewashing it. Propagandist.

Quoting these agents of Hades is a waste of time. Just ignore them. All I know is that one day, they'll get equal measure of the incompetency they support.

One day.

E nor concern me. Thank God for his forever provision. I can never be poor in the midst of all these IJN!

Oil producers in the Middle East who were directly affected by the conflict and those actually involved in the conflict, oil prices in those countries did not increase by more than 25%. But Nigeria that is thousands of miles away from the conflict with no involvement whatsoever in it, oil prices rose by more than 60% in Nigeria. In this country the more you look and try to understand the less you’ll understand

Beeron:
So the best way to determine this is CPI and food inflation which I can confirm is slowly building up, even core inflation is on the rise too because transport fare is shooting through the roof.

At this point, we have to give kudoz and thanks to Dangote refinery and Federal Government because if F.G didn't supply Dangote with more crude.

Or If Dangote refinery wasn't functional now.

Dollar to naira exchange rate would have been 2000/1$ by now, Petro would have been hard to get and inflation would have been through the roof. Our economy would have been overheating.

Tinubu has messed up but for protecting Dangote refinery and implementing the removal of subsidy, Tinubu really saved Nigeria.

Mr man stop deceiving yourself. How has Tinubu saved NIgeria with the protection of Dangote refinery?

Was it not the same Tinubu that fought against Jonathan removing the subsidy back then a move that Kayode Fayemi said was politically motivated that Jonathan meant well for Nigeria.
That was Jonathan's PDP that had a blue print on how to go about the subsidy removal. So how come the present Govt saved Nigerians by removing the subsidy without blue print ?
I am sure you know, if Jonathan had removed the subsidy back then, the hardships wouldn't have e been noticeable like now, not only because the Govt at that time has q blueprint but there were experienced and tested experts like Okonjo Iweala who would have navigated the removal with expertise

Beeron:
So the best way to determine this is CPI and food inflation which I can confirm is slowly building up, even core inflation is on the rise too because transport fare is shooting through the roof.

At this point, we have to give kudoz and thanks to Dangote refinery and Federal Government because if F.G didn't supply Dangote with more crude.

Or If Dangote refinery wasn't functional now.

Dollar to naira exchange rate would have been 2000/1$ by now, Petro would have been hard to get and inflation would have been through the roof. Our economy would have been overheating.

Tinubu has messed up but for protecting Dangote refinery and implementing the removal of subsidy, Tinubu really saved Nigeria.

Mr man stop deceiving yourself. How has Tinubu saved NIgeria with the protection of Dangote refinery?

Was it not the same Tinubu that fought against Jonathan removing the subsidy back then a move that Kayode Fayemi said was politically motivated that Jonathan meant well for Nigeria.
That was Jonathan's PDP that had a blue print on how to go about the subsidy removal. So how come the present Govt saved Nigerians by removing the subsidy without blue print ?
I am sure you know, if Jonathan had removed the subsidy back then, the hardships wouldn't have e been noticeable like now, not only because the Govt at that time has q blueprint but there were experienced and tested experts like Okonjo Iweala who would have navigated the removal with expertise

They said he was a strategist. A political one he is. No prosperity strategy.

We own and refine our crude, so what has the war got to do with our economy?

This government is so incompetent, that the excuse they use is just so funny.

Gbam


Na our politicians still be economist 😂😂🤣🤣

anonimi:
Na so o. Na data we go chop?

Technically, we only have politicians who share the national cake through tribalistic zoning and rotation mechanisms.

Beeron:
So the best way to determine this is CPI and food inflation which I can confirm is slowly building up, even core inflation is on the rise too because transport fare is shooting through the roof.

At this point, we have to give kudoz and thanks to Dangote refinery and Federal Government because if F.G didn't supply Dangote with more crude.

Or If Dangote refinery wasn't functional now.

Dollar to naira exchange rate would have been 2000/1$ by now, Petro would have been hard to get and inflation would have been through the roof. Our economy would have been overheating.

Tinubu has messed up but for protecting Dangote refinery and implementing the removal of subsidy, Tinubu really saved Nigeria.

PRO
Tinubu Voodoos Economic Team
Nairaland Chapter.

Beeron:
So the best way to determine this is CPI and food inflation which I can confirm is slowly building up, even core inflation is on the rise too because transport fare is shooting through the roof.

At this point, we have to give kudoz and thanks to Dangote refinery and Federal Government because if F.G didn't supply Dangote with more crude.

Or If Dangote refinery wasn't functional now.

Dollar to naira exchange rate would have been 2000/1$ by now, Petro would have been hard to get and inflation would have been through the roof. Our economy would have been overheating.

Tinubu has messed up but for protecting Dangote refinery and implementing the removal of subsidy, Tinubu really saved Nigeria.

look at a supposed human being bragging about another man's investment...

what happened to all nnpc refineries, the billions used for so called turn around maintainance..

Here you are praising evil

Beeron:
You know what's funny?

Aso rock is currently being moved off grid to fully Solar, that should signal to you that you should be saving towards getting solar.


😆😆😆😆😆

It has always been that way
If the government can’t give us we provide ourselves…
A country without uninterrupted power supply can never be developed

We can clearly see the type of Lion Nigeria is in Africa

potential to restore macroeconomic stability and improve investor confidence


Lol

adenigga:
He explained further: “As a largely import-dependent economy with significant exposure to global energy markets, Nigeria is inevitably vulnerable to fluctuations in crude oil prices and international supply chain disruptions.

“Increases in global oil prices often translate directly into higher domestic fuel costs, which then cascade into transportation, production, and ultimately food prices.”

^^^
The question is why?

Why?

Why in the world should a country with the raw material - and the refineries to process it - be vulnerable to 'fluctuations in crude oil prices, international supply chain disruptions' etc.? Why? Does it make any sense?

Living on the river bank and washing your hands with spittle.