TomLepskie:
— 16th May 2016
Federal Government will soon release the names of the four companies which successfully bided to operate Modular Refineries to enable them commence operation, according to Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed on Monday while briefing journalist in Abuja as part of ongoing sensitization campaign on the deregulation of the down stream sector of the nation’s petroleum industry.

The minister assured that when fully operational, Nigeria will be able to refine 650,000 per day of petrol from the refineries while Dangote Refinery will also add 750,000 barrels per day, to make Nigeria net exporter of refined petroleum products.

The Minister who noted that federal government has meticulously followed the process for approving the bid winners, said the ventures will help create over 200,000 jobs as well as stimulate the economy.

Alhaji Mohammed who briefed in company of the Permanent Secretary of the Ministry and General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation NNPC, Alhaji Garbadeen Mahammad, told newsmen that the NNPC was heading for bankruptcy because it became the sole importer of over 90 percent of petroleum products consumed by Nigerians shortly before the recent deregulation.

He disclosed that NNPC was spending about $550 Million and needed about $600m to continue fuel importation, before the current government intervention in the sector to save the firm from bankruptcy.

He disclosed further that the nation could not afford to open letters of credit for the fuel importers because of the dwindling income from crude oil

” We did not have enough foreign exchange to open letters of credit for people to import fuel” adding that ” We must never be pushed to a situation in which we are forced to subsidize fuel prices again in this country, because even if prices of crude oil improves, there are a lot of things we can do with the money to ameliorate the sufferings of our people”

Alhaji Mohammed who assured that the new regime will discourage petroleum products hoarding, product diversion and other unwholesome practices in the petroleum industry, also added that “We have no choice but to deregulate the price of petrol at the rate we were going”

He debunked insinuations that what government did was to remove subsidy from petroleum products adding that ” there was no subsidy in the first place”

” One Trillion Naira was paid out as subsidy last year, therefore, in the 2016 budget, government refused to make provision for subsidy”

On the gains expected from the current deregulation, he announced that government will create jobs for 370,000 technicians and Artisan, while 1.76 million unemployed small business operators were being targeted for loans and grants.

” They will access this loans through Cooperatives and loans will be access without collaterals. We are also going to commence the feeding 5m pupils in our public schools daily. This will create more opportunities in the agricultural sector”

He disclosed that there was no basic for comparisons with similar action embarked upon in 2012, adding that ” income from oil has fallen and there is drastic reduction in the foreign exchange available”

“From October last year, NNPC has been responsible for over 90% of fuel consumed, while 445,000 barrels was being exchanged for fuel by NNPC”

“Activities of Militants have further reduced government earnings and production volumes reduced to 1.65mbpd as against the projected 2.2Mbpd”

He also blamed the current travail on the activities of marketers who he said were buying petrol at N77 per Litre and sell higher to Nigerian neighbours.

He however assured that the DPR and PPPRAA will be empowered to provide a level playing ground for operators of the sector.

While appealing to the organized Labour to sheath their sword, the Minister declared that there can be salary increase at the moment as Nigeria was losing over 60% of its earnings, daily

The Minister who also spoke on the effect of the activities of the Niger Delta Avengers, appealed to the group to lay down their arms and embrace dialogue as the country is losing 1000 megawatts of electricity as well as over 500,000 barrels of crude oil daily.



Source
http://sunnewsonline.com/fuel-price-hike-4-modular-refineries-will-soon-take-off-fg/

Lai Mohammed has produced 200,000 jobs several times with mouth. By 2017, Lai mohammed will produce 20 million job in total.

This people don start with lies again...smh

tempest01:
Modular refineries will soon take off when you are just releasing names of successful bidders?

How many months will it take to make studies and build structures?

I dont think you are entirely correct.
Modular refineries:
• can be set up and be in operation within several weeks after arrival at a fully-prepared and completed site,
• allow a single operator to restart the plant from a cold start in less than four hours and have the plant in full operation,
http://mgiprocess.com/modular-refineries.htm

Everyday story and to think that story came from Lia Mohammed the story teller .
How soon can this soon be ??
ACTION IS WHAT WE WANT AND NOT STORIES WHICH WILL LATER TURN TO "WE NEVER SAID".

989900B:


The above is my grouse with Buhari. As a military person with oil and gas background, these are plans he should have concluded with companies even before the elections (win or loss . . . he can still chip in that bit as a patriotic Nigerian). I am not in government, but I know few companies that could set that up in 3-6 months.

If the president were pragmatic enough, knowing this refinery thing is the heartbeat of the nation, we should have had at the least, 2-4 modular refineries working in full throttle as we speak.

I agree with you, this is just a year of Buhari but what of PDP for 16 year's importing petroleum to run our economy without looking inward.

Only the Zombies will believe this trash.

DRISKLEF:
All this our 'will soon' 'will soon' government people sef


When will this 'soon' ever come to eventuality. Or why cant they just keep shut and archieve the feat first before issuing a public statement. Government of publicity!!!

Nigerians are suffering and its not even funny at all. smh; Will soon
To think that APC were serious when they were going about the 'diversification' and 'we dont need oil' mantra. So ya'all now needs it abi


Its now time to beg the so called '5percent' isnt it. Ook

Nothng wrong with keeping you aware of great plans by the Govt..I know you foresee a great Nigeria under PMB and cant wait to see all his plans come to fruition, but be patient bro, we will get there

Deen77:


I agree with you, this is just a year of Buhari but what of PDP for 16 year's importing petroleum to run our economy without looking inward.

PDP ke? Are those ones humans or demons?

DRISKLEF:
All this our 'will soon' 'will soon' government people sef


When will this 'soon' ever come to eventuality. Or why cant they just keep shut and archieve the feat first before issuing a public statement. Government of publicity!!!

Nigerians are suffering and its not even funny at all. smh; Will soon
To think that APC were serious when they were going about the 'diversification' and 'we dont need oil' mantra. So ya'all now needs it abi


Its now time to beg the so called '5percent' isnt it. Ook

You keep saying the same thing.

It's d same 'we will soon' and it's coming from Lie mohammed....so I dnt believe him n words dat come out frm his mouth

budusky05:
Nice one.




What do you think?



Easy guys

Lagos and Oyo state maybe Ogun state should join hand in building One or two even three.

caleb404:
God bless Jonathan wherever he is for launching this project .

http://www.nigerianbulletin.com/threads/jonathan-approves-establishment-of-modular-refineries.103090/

Kudos to Buhari for continuing the legacy. He doesn't seem to have a problem with Jonathan's policies/projects... Nice one.

See as Amaechi rush commission ABuja/Kaduna railways line. Fashola has already admitted Jonathan built more roads that previous governments. Buhari is coasting ahead with TSA, another brainchild of Jonathan.

Sad enough, the momentum is not replicated in the agricultural sector. All in all, government is a continuum.

Rubbish!

.

Kx:



I dont think you are entirely correct.
Modular refineries:
• can be set up and be in operation within several weeks after arrival at a fully-prepared and completed site,
• allow a single operator to restart the plant from a cold start in less than four hours and have the plant in full operation,
http://mgiprocess.com/modular-refineries.htm

Didnt know this before, Thanks for this info

DRISKLEF:
All this our 'will soon' 'will soon' government people sef


When will this 'soon' ever come to eventuality. Or why cant they just keep shut and archieve the feat first before issuing a public statement. Government of publicity!!!

Nigerians are suffering and its not even funny at all. smh; Will soon
To think that APC were serious when they were going about the 'diversification' and 'we dont need oil' mantra. So ya'all now needs it abi


Its now time to beg the so called '5percent' isnt it. Ook

If FG tells you good morning,better go outside and chech if it's really morning before you accept the greeting;once bitten twice shy!

arabbunkum:
Only the Zombies will believe this trash.

Wailers terribly saddened by this news..

this government is confused. Yesterday on Channels news, Lai M said the palliative will be N5k for a year to the poor and soft loan, a benefit targeted at 8million Nigerians. What fraction is that to the population?
Soften the present hardship and review minimum wage, then you can increase fuel price. that's enough palliative. Present increase will only increase hardship. I bet this open forex will only increase dollar rate and impose more hardship.

Was buhari elected to trade blames or solve problems dat he met. He is d current govt and no iota of sympathy will be attracted by blaming d past admin all d time. U r thr now, u get to solve d problems, u shld take responsibility for current issues and situations. Dis is nt campaign period

Deen77:


I agree with you, this is just a year of Buhari but what of PDP for 16 year's importing petroleum to run our economy without looking inward.

using this method to calm Nigeria's down I pray

TomLepskie:
— 16th May 2016
Federal Government will soon release the names of the four companies which successfully bided to operate Modular Refineries to enable them commence operation, according to Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed on Monday while briefing journalist in Abuja as part of ongoing sensitization campaign on the deregulation of the down stream sector of the nation’s petroleum industry.

The minister assured that when fully operational, Nigeria will be able to refine 650,000 per day of petrol from the refineries while Dangote Refinery will also add 750,000 barrels per day, to make Nigeria net exporter of refined petroleum products.

The Minister who noted that federal government has meticulously followed the process for approving the bid winners, said the ventures will help create over 200,000 jobs as well as stimulate the economy.

Alhaji Mohammed who briefed in company of the Permanent Secretary of the Ministry and General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation NNPC, Alhaji Garbadeen Mahammad, told newsmen that the NNPC was heading for bankruptcy because it became the sole importer of over 90 percent of petroleum products consumed by Nigerians shortly before the recent deregulation.

He disclosed that NNPC was spending about $550 Million and needed about $600m to continue fuel importation, before the current government intervention in the sector to save the firm from bankruptcy.

He disclosed further that the nation could not afford to open letters of credit for the fuel importers because of the dwindling income from crude oil

” We did not have enough foreign exchange to open letters of credit for people to import fuel” adding that ” We must never be pushed to a situation in which we are forced to subsidize fuel prices again in this country, because even if prices of crude oil improves, there are a lot of things we can do with the money to ameliorate the sufferings of our people”

Alhaji Mohammed who assured that the new regime will discourage petroleum products hoarding, product diversion and other unwholesome practices in the petroleum industry, also added that “We have no choice but to deregulate the price of petrol at the rate we were going”

He debunked insinuations that what government did was to remove subsidy from petroleum products adding that ” there was no subsidy in the first place”

” One Trillion Naira was paid out as subsidy last year, therefore, in the 2016 budget, government refused to make provision for subsidy”

On the gains expected from the current deregulation, he announced that government will create jobs for 370,000 technicians and Artisan, while 1.76 million unemployed small business operators were being targeted for loans and grants.

” They will access this loans through Cooperatives and loans will be access without collaterals. We are also going to commence the feeding 5m pupils in our public schools daily. This will create more opportunities in the agricultural sector”

He disclosed that there was no basic for comparisons with similar action embarked upon in 2012, adding that ” income from oil has fallen and there is drastic reduction in the foreign exchange available”

“From October last year, NNPC has been responsible for over 90% of fuel consumed, while 445,000 barrels was being exchanged for fuel by NNPC”

“Activities of Militants have further reduced government earnings and production volumes reduced to 1.65mbpd as against the projected 2.2Mbpd”

He also blamed the current travail on the activities of marketers who he said were buying petrol at N77 per Litre and sell higher to Nigerian neighbours.

He however assured that the DPR and PPPRAA will be empowered to provide a level playing ground for operators of the sector.

While appealing to the organized Labour to sheath their sword, the Minister declared that there can be salary increase at the moment as Nigeria was losing over 60% of its earnings, daily

The Minister who also spoke on the effect of the activities of the Niger Delta Avengers, appealed to the group to lay down their arms and embrace dialogue as the country is losing 1000 megawatts of electricity as well as over 500,000 barrels of crude oil daily.



Source
http://sunnewsonline.com/fuel-price-hike-4-modular-refineries-will-soon-take-off-fg/

hmmm!! lai again, I don't know if I should believe this or not. until I see it happening, I reserve my say.

989900B:


The above is my grouse with Buhari. As a military person with oil and gas background, these are plans he should have concluded with companies even before the elections (win or loss . . . he can still chip in that bit as a patriotic Nigerian). I am not in government, but I know few companies that could set that up in 3-6 months.

If the president were pragmatic enough, knowing this refinery thing is the heartbeat of the nation, we should have had at the least, 2-4 modular refineries working in full throttle as we speak.

Will tompolo and his boys allow the modular refineries operate? Even though he has been writing daily letter to Buhari denying the NDA I don't believe him because nobody dare come blow up pipelines In his gbaramatu kingdom without his knowledge .

pat077:
I was excited when i saw d headline, but, on sighting the name liar, i lost interest in the news.

Na Lai Muhammed name make u dey look for, u hear? Make u no read. Mtschee.

989900B:


The above is my grouse with Buhari. As a military person with oil and gas background, these are plans he should have concluded with companies even before the elections (win or loss . . . he can still chip in that bit as a patriotic Nigerian). I am not in government, but I know few companies that could set that up in 3-6 months.

If the president were pragmatic enough, knowing this refinery thing is the heartbeat of the nation, we should have had at the least, 2-4 modular refineries working in full throttle as we speak.

Will tompolo and his boys allow the modular refineries operate? The moment the crude pipe to the three refineries was restored his NDA boys blew them up.Even though he has been writing daily letter to Buhari denying the NDA I don't believe him because nobody dare come blow up pipelines In his gbaramatu kingdom without his knowledge .

I smell lies all over the whole place, we will soon this we will soon that, we will feed pupils, we will pay 5000, bla bla bla. We will remove subsidy, theres no subsidy in the first place, all this lies? just to force hardship down our throat? e no go better for anybody wey no like us shaa

OrlandoOwoh:

Na Lai Muhammed name make u dey look for, u hear? Make u no read. Mtschee.

why shld i read when i know he's goin to deny it later.

mehn this buhari govt is not serious . modular refinery is now a rocket science. they have been telling us this since last year september. something one can even set up within a month.

I dnt tink d Apc zombies will see it dis way. Achievements r accorded buhari but blame Jonathan for current problems[quote author=caleb404 post=45689071][b]God bless Jonathan wherever he is for launching this project .

http://www.nigerianbulletin.com/threads/jonathan-approves-

TomLepskie:
I hope the refineries won't be sited in the far North where they ll rely on a thousand kilometer pipeline to get crude oil supply, this is a welcome development, better than the conventional refineries.

Educate me pls, what's the difference BTW Modular refineries and conventional refineries?

Nah today!!! stop saying!! just do it!! we are tired of your promises!!

TomLepskie:
I hope the refineries won't be sited in the far North where they ll rely on a thousand kilometer pipeline to get crude oil supply, this is a welcome development, better than the conventional refineries.

So if they are all sited in the South, how will the North get their own supply of fuel?

Futuristic government.

Every project is in the future.

"I will"

"We will"

"Soon"

"Later"

DRISKLEF:
All this our 'will soon' 'will soon' government people sef


When will this 'soon' ever come to eventuality. Or why cant they just keep shut and archieve the feat first before issuing a public statement. Government of publicity!!!

Nigerians are suffering and its not even funny at all. smh; Will soon
To think that APC were serious when they were going about the 'diversification' and 'we dont need oil' mantra. So ya'all now needs it abi


Its now time to beg the so called '5percent' isnt it. Ook

I think #willsoon should start trending until they realize their folly already in that we ain't taking their speculative approach to governance seriously.