It is a shame that those of front page are so clueless like their godfather.They can't comprehend what the minister was saying.If you wan to criticise,do it sensibly.What a shame.

If truly he said that, then our leaders are failure. It simply means all banned commodities should be unbanned because it would be cheaper to import than locally produced.
So if I am a yam farmer who has pestle and mortar at home it'd be cheaper and economical to continually selling my yams to Iya Basira and in return buy pounded yam from her?
Governance in Nigeria simply needed to be overhauled!
I am fed up with our tiny brain ,shortsighted, visionless, clueless,inconsiderate and selfish leaders!

This goes to show that you should never make promises you can never keep. During the campaign i told people that our refineries need complete and total overhaul not TAM because the technology they are currently using is outdated and to do that involves heavy investment which the government cannot afford now. For me Kachikwu was still being economical with the truth.

Kachikwu na enemy of progress

I know wailers will wail but the bitter truth is that fuel price has not increased since Buhari came in and yet we no longer pay the fraudulent subsidy that Jonathan administration was paying.

Its obvious this govt has no plan to build a refinery. Not even one. Very pathetic govt.

Is this not what we have been saying for years when people shout repair refineries. Nigerians are so, so, so slow. I have nothing to say. Absolutely fed up. Privatise the oil industry. They say no. It is only the private sector that can find the competitive edge to survive low crude prices and to exploit properly high crude prices. We sit here and some numbskull will be comparing the NNPC to Petrobras without looking at both under the microscope. Dull citizens.

Good morning all..... Have we blamed GEJ today?


No? What have you been waiting for?
Oya......

1 2 3 4 gooooo

WE BLAME GEJ!!!!!!

Most times I just wanna wake up from this nightmare.

Again u are getting wrong Minister

It is a pity that people here will open their mouths to talk as big and small the mouths are.
We hate to hear truth no doubt,I don't know what concrete steps that Gej take for 6 years that make you praising him,we bought a liter at #500 when he was about to leave office,too soon to forget. people you are too difficult to be led.

disloman:
It is a shame that those of front page are so clueless like their godfather.They can't comprehend what the minister was saying.If you wan to criticise,do it sensibly.What a shame.

They are following the dictates of their SOP, wail without inviting reason along.... there is no way any of them missed this but trust Vanguard to do the usual.....


He maintained that local refining of PMS would make much more economic sense if all the refineries undergo full set of repairs and Turn-Around Maintenance, TAM, and when new refineries are set up in the country through co-locative initiative.



Cc, Obiagelli , see what you were saying which day here? The headline being a clear departure from the objective of the interviewed!!

5starmilitant:
Incompetency written all over this government. Just imagine that embarrassing statement from that lazy minister.




Tufiakwa

**** A simple look at the post is clear to a right thinking person. With the state of the refinaries for now, it will be cheaper to import rather than running the refinaries at a very low efficiency level which definately will result to high cost of production and waste. Instead of allowing this waste of crude oil, its better we sell them off and import the PMS, until the refinaries are fully well maintained for optimal operation. I think this is a simple and common sense.

MzMercie:
And Jonathan was insulted by these people...chai, wot's now d diff?

Jonathan government spent huge sum of money for the turn around maintenance of these refinaries, yet there was nothing to show for the investment. During the partial removal of fuel subsidy, nigerians were promised by GEJ that the amount saved will be used to build new refinaries, yet he left without anything on ground after he was shamely defeated.

True liberty determines the quality of a man's life. And liberty can only be guaranteed through sound knowledge. Nigerians must unshackle themselves from the vestages of colonialism in the south and feudalism in the north and begin to build their country by first knowing how things work. We entrust and overrate so called leadership. In developed societies leaders are FIRST AMONG EQUALS and not having special powers the followers can only dream of attaining. These are not the times of kings, priests and laymen. Every Nigerian must take responsibility to know and to do what is right

disloman:
It is a shame that those of front page are so clueless like their godfather.They can't comprehend what the minister was saying.If you wan to criticise,do it sensibly.What a shame.

Exactly

smirn:

Lack of simple understanding written all over your miserable life. A simple look at the post is clear to a right thinking person. With the state of the refinaries for now, it will be cheaper to import rather than running the refinaries at a very low efficiency level which definately will result to high cost of production and waste. Instead of allowing this waste of crude oil, its better we sell them off and import the PMS, until the refinaries are fully well maintained for optimal operation. I think this is a simple and common sense.

Thank you for explaining to the da..ft kids who run everywhere on nairaland

at Dis point in time if any minister can utter Dis kind of statement is barbaric is on call for, anybody making such statement is an enemy of progress and dey should be check weather such person have a refinery abroad.

modath:



They are following the dictates of their SOP, wail without inviting reason along.... there is no way any of them missed this but trust Vanguard to do the usual.....


He maintained that local refining of PMS would make much more economic sense if all the refineries undergo full set of repairs and Turn-Around Maintenance, TAM, and when new refineries are set up in the country through co-locative initiative.



Cc, Obiagelli , see what you were saying which day here? The headline being a clear departure from the objective of the interviewed!!

Exactly, there is no point making comments on such threads

damn! i wonder if he consider the fact that it will create employment and reduce our foreign spending and demand for dollars,

chinchum:
Only new refineries can change the story, those 4 refineries are outdated, no point refurbishing scrap.

The govt should get partners who can site new refineries on the same spot the old ones are.

I see. After sinking gazzillions into refurbishment since 1990. Kai. Nigerians. And I'm sure your recommendation will be that the government should build new ones abi.

Do you know how many bank branches are not opening today. Do you know how many MTN masts are not functioning today. You don't, because they are so many. That is the power of private enterprise. If we had privatised the NNPC in 1983 when Buhari was last in government (no political pun intended) some 33 years ago, I bet we will have had no less than a dozen refineries working in Nigeria today. I tell you once again. Cement was like this in 1983. I am an adult. Today it is produced in surplus and exported. There is NOTHING SPECIAL about refining crude. The swamp boys are doing it but I have never seen bootleg cement. The problem of scarcity and suffering is the government supported by the people.

d man say for now importation is cheaper due to say our refineries never reach level so why d heck about. Nigerians jux to de in haste dat is why we de miss d whole point

egalitarian78:
The only brand ambassador of this admin, d only shining star in d cabinet and one whose cognate experience stood tall among others has suddenly been infected with d APCmaniac syndrome; a congenital abnormality pathogmonic with APC govt which affects dia sense of reasoning and judgement with its attendant denials, CHANGE of promises and policy somersault. We are all wailing hoping dat soon our refineries will start full operations with its attendant benefits but this my respectable Minister has just dashed such thought. What d masses were expecting dat d Apc govt was to cast out d spell dat has made it impossible for Nigeria to refine at home but here are they giving up without a fight. Honestly, leadership is quite different from politics. Mr Jonathan will be some where laughing out loud or possibly on NL here with a coded moniker.

GEJ wants the best for 9ja. He said the refineries will be up by first quarter of 2016, but APC rushed and brought them online claiming glory. GEJ also promised that by first quarter of 2017, 9ja will have constant power.
GEJ is on nairaland with us

Nigerians are getting tired of this APC and its manner of administration. Non of its campaign promises is coming to fulfilment. They always give reason for failure or will tell us that they did not promise refineries will work. Tomorrow, we might hear that it is better to import toothpick than to produce in Nigeria. Nigerians done enter one chance be that o o.

obasiken:
Is this the kind of utterances that should be made by a minister of Nigeria? Instead of him to be thinking of a way to make production of PMS cheaper in Nigeria he has already admitted failure. This is why APC is failing cos they are PESSIMISTS.

Unfortunately your case of crass ignorance and comprehension deficit, did not make you to see that all your answers lie in the same report you referenced

yommen:
I know wailers will wail but the bitter truth is that fuel price has not increased since Buhari came in and yet we no longer pay the fraudulent subsidy that Jonathan administration was paying.

which fuel price have not increased?

honestly I'm disappointed

Lebee4:
I think we are having more headline readers here than the readers of the main news.
after all the explanation made by the minister, I am disappointed by most of the comments on this post.

Welcome to NL filled with more Lazy idiots than rational thinkers. The OP went on a confused spree and other fools sheepishly followed suite. I can hedge my bets that 70% did not bother to read the article, 20% relied on the faulty premise of others to make assertion and less than 10% read and could not decipher the ministers drift.

Is so funny and so disappointing to note that since I was born,our refineries has been going through turn around maintenance evry year and still,nothing has been achieved in this direction,what will then happen if from wherever Nigerian is refining this crude,that their own refinery also keep going through turn around maintenance, who is then deceiving who

Mr failure is the commander in chief,he is an illiterate Norther.

So why waste money on fixing the refineries? Scrap them nah.

Abagworo:
It is better to refine locally and operate at loss than to import with profit. That is the only way to develop. Everything including texiles, frozen livestock and poultry, shoes, soft drinks etc are cheaper imported than being produced locally but if we must develop then we have to stop importing.

This is a sacrifice we must be willing to take. Besides, the full picture of local refining is not show in this reports. A single barrel of crude oil has at least 12 other derivatives which are potential industries in the making. The Eleme Petrochemical company for example was at 20% capacity when government sold 75% of its shares. The new investors did not sack a single Nigerian staff and in less than 1 year it was operating at 100% capacity.

This report is limited because it's simply viewing the value stream of refining to PMS, Diesel and Kerosine alone

chinchum:
Only new refineries can change the story, those 4 refineries are outdated, no point refurbishing scrap.

The govt should get partners who can site new refineries on the same spot the old ones are.

1. OBJ had the same view when he sold Kaduna refinery to Dangote. He was miffed that YarAdua reversed it. Lagos state became the opportunity predator in this case, by quickly giving Dangote the land to build a refinery that will have a capacity more than all the current 4 combined
2. There are investors already working in the background to build refineries, mostly modular, so that they can recoup their investment in reasonable time
3. The refinery game changed some few years back. Before crude heavy in sulphur was discouraged and commanded less value in the market, as the need to remove the sulphur is another investment entirely. This made our sweet crude which had negligible sulphur to command premium price in the market. Today technology has changed. First of, new refineries are able to extract the sulphur out easily and such is sold in another market. Also this new refineries extract more derivatives from heavy crude as such they have more to sell. Our sweet crude which is light has relatively fewer derivatives, so premium price before as now become lower price