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Nairaland Forum / Nairaland / General / Politics / Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu (9234 Views)
Aisha Alhassan Spent N12 Million To Inspect Ghost Projects - Premium Times / Why There Won’t Be Open Bidding For Refineries – Kachikwu / Exclusive: $700 Million Raw Cash Found In Petroleum Minister’s House (2) (3) (4)
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Lexusgs430: 9:06am On Apr 24, 2016 |
Chicken change. Collect the $2.1 billion from Dasuki and his crew!!!! |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Spells(m): 9:08am On Apr 24, 2016 |
They should find someone out of the looters who's gonna volunteer to bring out the money.... As simple as that..... |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by slyrone(m): 9:19am On Apr 24, 2016 |
The 13b pounds they recovered from DIEZANI nko? e go reach change go remain to share everybody 10m each. When I saw this man' s résumé fear catch me na ur NNPC administration worse pass always promising and failing. nor be by certificate. OBJ without any formal certificate ran d oil sector well and d country. Mr Kachikwu just gotto church and leave us to reel in our plight 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Nobody: 9:23am On Apr 24, 2016 |
That is little fraction to the loots of our leaders... Its a pity that our great Nation has been in a state of quagmire in the hands of visionless leaders... I pray God guide all those who fight for the goodwill of this Nation.. (sobs).. 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Olusanya333(m): 9:26am On Apr 24, 2016 |
God help them with it |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by davibid: 9:26am On Apr 24, 2016 |
What about all the looters funds, what has Buhari done with refunds, why can't he just put them into the repairs of the refineries? OR Has he looted them too... I won't be surprised even if that happens after all there is a saying that "thief na e dey call another person thief" God bless Nigeria!!! |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Reinvented: 9:32am On Apr 24, 2016 |
MzMercie: Abiooo!!! |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Iykopeee: 9:33am On Apr 24, 2016 |
drss1: my brother the matter dom tire person. which kind country be this self? everyday same problem and no solution. 3 Likes |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Olukologia(m): 9:36am On Apr 24, 2016 |
Record have it that You spend $600million monthly on importation of fuel. Why not spare few months and spend the money to upgrade our refinary. |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by toprealman: 9:42am On Apr 24, 2016 |
A former governor's attempt to dump >$500 million was refused. Add two and two together to figure out that our present crop of political leaders are tossers! In another jist https://www.nairaland.com/2642266/700-million-raw-cash-found |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Tolubory(m): 9:54am On Apr 24, 2016 |
Ohammadike:What are they waiting for then... They should may use of those looted cash now.... Abi EFCC no get money ni. |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by 9jatatafo(m): 10:03am On Apr 24, 2016 |
Oga minister that money na small money joor. Nor be people sef thief billions of $? How much has been recovered by all the anti graft agencies? Can't NNPC raise that money? Another excuse to extend the fuel scarcity thing 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Lectuwaire(m): 10:06am On Apr 24, 2016 |
kYjelly2:Remember that, we now have a firm president. |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Nobody: 10:12am On Apr 24, 2016 |
drss1:so since the new givernment don remove subsidy ow many refinery investors don build? How many investors build refinery for third world economy sef? |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by samx4real(m): 10:14am On Apr 24, 2016 |
bishopkay: Even if they don't want to use the recovered funds... Why can't they use the money they got from the sale of crude to finance it. Nigeria produces 2.27 million barrels of crude daily Oga Kachukwu needs $700million to repair d refinery. Crude oil price is $46. Meaning they will be needing the sale of 700,000,000/46 =15.22million barrels. NIGERIA produces 2.27 million barrels daily Meaning 15.22million barrels of crude can be gotten in 7 days... 2.27 m bpd × 7d= 15.89 barrels per day. If d mathematics I was thought in school is correct and adding natural conditions to the operation of the industry. I will say, within 10 days or 2 weeks NNPC can produce enough crude they will use in fixing the refinery. They should stop deceiving us! 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Nobody: 10:15am On Apr 24, 2016 |
UEK33:who go buy am? The 45 licenses we sold sef... None dey perform |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Eazeee(m): 10:24am On Apr 24, 2016 |
& one zombie will come n write istandwithbuhari. b.astards 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Nobody: 10:46am On Apr 24, 2016 |
Why not use the loots recovered from these guys?? Dasuki Nenadi usman Diezanni... etc 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Bondesniger(m): 10:46am On Apr 24, 2016 |
have we forgot that crom oil got the same amount during Pa OLUSEGUN OBASANJO term in office ask chief Emeka ofor what was the dollar price then and kachukwo the price now nigeria is in big trouble |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by sapientia(m): 10:49am On Apr 24, 2016 |
I doubt if any of these leaders still drive cars of 2013. How old are these refineries? How much is the cost of a new one? Nigeria too like short term plans 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Nobody: 10:50am On Apr 24, 2016 |
One of Abacha's loots will be more than enough |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by TheAlchemist: 10:53am On Apr 24, 2016 |
UEK33: Kachikwu would love to sell the refineries, but i am sure PMB is against the selling of these refineries. 2 Likes |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by tsdarkside(m): 10:57am On Apr 24, 2016 |
Ohammadike: pahh...una must be kidding me.....nigeria is in no way self-sufficient with this info...... thunda fire anybody that blames the minister for our own laziness..... corruption is in every culture and nations and system... china just excuted a general for accusations of corruption not long ago...... lets be honest.... we,nigerians a fvcking lazy.... lets say the truth for ones......its the truth!.... even if all refineries are working to 100procent....we will still not have enough daily.....!!!!... |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Kiish(m): 11:01am On Apr 24, 2016 |
Took the word right outta my mouth, mate!! Idrismusty97: |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Nobody: 11:02am On Apr 24, 2016 |
My people are still taking news from Zoogeria seriously. Dream on! End time needing of money... |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Ebukamath(m): 11:07am On Apr 24, 2016 |
Again? |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by texazzpete(m): 11:40am On Apr 24, 2016 |
drss1: Point of correction. The past PDP administrations did not SPEND billions of dollars on the refineries. They appropriated billions of dollars for refineries, but most likely spent them on political allies, parties, properties and prostitutes. This is a new Government now. Benefit of doubt for now that the money will now be actually spent on fixing the refineries, especially if foreign partners are brought in. 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by Joel3(m): 11:50am On Apr 24, 2016 |
I will want to rate this government and an award as the government of the news paper. 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by drss1(m): 12:30pm On Apr 24, 2016 |
Nalikedis:remove wetin subsidy still in place. 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by trendytrendz: 12:43pm On Apr 24, 2016 |
samx4real:Google the cost of production in Nigeria before you assume, cost to produce the crude oil is around $30 per barrel, so that's $16 left at current prices, minus other expenses 1 Like |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by erico2k2(m): 1:03pm On Apr 24, 2016 |
Standing5:the way things stand, the fixing of the refineries is of more national interest than the bail outs. |
Re: Nigeria Needs $700 Million To Upgrade Refineries – Kachikwu by erico2k2(m): 1:06pm On Apr 24, 2016 |
texazzpete:we are here talking and discussing waht this minister is saying you have to go to PDP with the newsy forex going on what investor do you think would want thier fingers burnt,I give kachukwu credits though for coming out to say the truth at least we now know where we at with the refineries, enough of lies being told i n the past.So with this new admission its safe to say we are in square zero.The question we should be asking now is What do we do now |
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