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FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu (19810 Views)

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Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by LordAdam: 6:25am On Aug 22, 2016
Kelklein:
dream on boy!

and to think that you just ask if someone is Joseph?
PUSH1:
you are just an i...
Montaque:
Na u wey suppose answer joseph.
If you think the naira to usd exchange rate will fall to #100 in 2019, you just proved that evolution can go backwards.

-Lord
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by HAH: 6:58am On Aug 22, 2016
[quote author=Reference post=48691202]Reasonable. And what Kachikwu is saying is true but my concern is that he is spicing it with a bit of scaremongering so that typically the Nigerian will run screaming for the doors demanding 'government action' which means the tradition of corruptive intervention. In Nigeria we make fires to make money. The refineries should be let loose even if 101% of our fx is spent on fuel imports. Not a penny more should be spent on trying to wake a dying, dead horse. Suffering is the tonic of the soul. Nigerians want omlettes without eggshells in thre 100% right and truly he is just scaremongering to get more money for unending fruitless TAM, the only solution is selling the refineries
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by HAH: 6:59am On Aug 22, 2016
Reference:
Reasonable. And what Kachikwu is saying is true but my concern is that he is spicing it with a bit of scaremongering so that typically the Nigerian will run screaming for the doors demanding 'government action' which means the tradition of corruptive intervention. In Nigeria we make fires to make money. The refineries should be let loose even if 101% of our fx is spent on fuel imports. Not a penny more should be spent on trying to wake a dying, dead horse. Suffering is the tonic of the soul. Nigerians want omlettes without eggshells in the bin.
You are 100% right and truly he is just scaremongering to get more money for unending fruitless TAM, the only solution is selling the refineries
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Reference(m): 7:05am On Aug 22, 2016
Sibrah:
What was govt wage bill then?
Then you downsize to what you can afford but what is the government doing, further employment: CBN, FIRS, Immigration, Police, etc. Instead of getting smarter it is the same old profligacy. What do you expect. If Nigeria was a business, your business, will you increase staff when your sales are down. Will you not find the technology to slimfit into your earnings. Unmitigated expansion in times of abundance is reckless, in times of want is just crazy. No wonder they hate the IMF and its austerity message so much, they hate the truth yet are crying and finger pointing. Who cares about what the past administration earned. You might as well go back to Gowon to ask what the size of the civil service was.

I repeat again, if the next administration is faced with an oil price of 15 to 20 dollars, will it be right to crticize the present one. Am waiting for credible answers.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Reference(m): 7:18am On Aug 22, 2016
HAH:
You are 100% right and truly he is just scaremongering to get more money for unending fruitless TAM, the only solution is selling the refineries
As poor as public service is in Nigeria, when the telecom networks do their usual upgrades all you get is a text message, annoying service disruptions and then its back again in a jiffy with lots of apologies. Same for banks, same for tv stations, same for airlines, etc. When it comes to petroleum everyone in Nigeria knows when the damn refineries break down and to maintain them or repair them is a national event with debates, talking drums, lightning and thunder. Abeg is a refinery infinitely more complex than a cement plant and Dangote has several of them and I cannot remember any time cement became scare because of TAM. The private sector is leagues ahead of government in handling business and industry. All a well meaning, sincere government needs to do is create the stage for the actors and do all it takes for them to put up a five star performance.

Even PHCN since privatisation is striving to come out of the grave of despair. The lame excuses are receding.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by amazingspiderma: 7:20am On Aug 22, 2016
HAH:
The best solution is to sell the refinaries to anyone that want to buy them.

Believe me if this refinaries are personal business it will work and you won't be hearing of turn around maintenance every six months,

And anyone that buy the refineries must sack everyone and employ new staff and train them because the current employees are so used to being paid even for doing nothing.

As long as we rely on this government owned refineries there is no possibility of local sufficiency of petrol our only hope is Dangote refinery.

Surely when Dangote refinery come on board the NNPC owned refineries will die the way Nitel died when GSM came
You are absolutely right.
But privatization of the refinery will be an uphill task, as the cabal and their kit and kin will strongly oppose it.
Dangote refinery is good,but the government would have to provide an equal playing field for multiple private investors just like they did in the telecoms sector . If not, we will be in for a huge monopoly.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by 989900: 7:35am On Aug 22, 2016
Reference:
They should dig the ground and bury those refineries. Not a penny more should be spent on them. Let us continue to spend massively on imports.
Why?
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Lescott7(m): 7:46am On Aug 22, 2016
This man has said the truth,we are already feeling it but the funniest part is that one APC chieftain or the minister of information will come to disown this statement hoping to keep deceiving us.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by HAH: 7:57am On Aug 22, 2016
Reference:
As poor as public service is in Nigeria, when the telecom networks do their usual upgrades all you get is a text message, annoying service disruptions and then its back again in a jiffy with lots of apologies. Same for banks, same for tv stations, same for airlines, etc. When it comes to petroleum everyone in Nigeria knows when the damn refineries break down and to maintain them or repair them is a national event with debates, talking drums, lightning and thunder. Abeg is a refinery infinitely more complex than a cement plant and Dangote has several of them and I cannot remember any time cement became scare because of TAM. The private sector is leagues ahead of government in handling business and industry. All a well meaning, sincere government needs to do is create the stage for the actors and do all it takes for them to put up a five star performance.

Even PHCN since privatisation is striving to come out of the grave of despair. The lame excuses are receding.
You absolutely right
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Sibrah: 9:21am On Aug 22, 2016
Reference:
Then you downsize to what you can afford but what is the government doing, further employment: CBN, FIRS, Immigration, Police, etc. Instead of getting smarter it is the same old profligacy. What do you expect. If Nigeria was a business, your business, will you increase staff when your sales are down. Will you not find the technology to slimfit into your earnings. Unmitigated expansion in times of abundance is reckless, in times of want is just crazy. No wonder they hate the IMF and its austerity message so much, they hate the truth yet are crying and finger pointing. Who cares about what the past administration earned. You might as well go back to Gowon to ask what the size of the civil service was.

I repeat again, if the next administration is faced with an oil price of 15 to 20 dollars, will it be right to crticize the present one. Am waiting for credible answers.
The number of staff being indirectly imposed on FG by states easily dwarfs anything the FG can erroneously impose on itself. It seem you forgot that between the time of $15-20pb of oil and now Yar'adua govt increased FG staff salary, lawmakers at Abuja and almost all states increase their pay. The sole fact that the previous admin was borrowing to pay salaries at $55pb of oil and the current admin isn't borrowing at $45pb- of oil has already given this admin good score mark.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Sibrah: 9:27am On Aug 22, 2016
Reference:
Oga. Government has no business building refineries. Fuel is a product not a social service. Get over octane addiction. Government should only create a conducive environment, till the field for the seeds to be planted by the citizens. In the strict sense of it, government should only provide infrastructure. Oga. Refinery na infrastructure?, no be business again?

You can understand that as a child in nationhood government in the 70's and 80's did everything as a parent for the people but at a stage the boy has to become a man and leave home. At a stage the father has to become a grand father. At a stage daughter has to get a kitchen of her own to command. At a stage son will start to spend his own money buying stuff his parents may not like. What does dad do, it is not his money. At a stage Nigeria has grown to produce the richest man in Africa and many more billionaires, industrialists, entrepreneurs, executives, scholars, professionals, etc. Should the country continue to buy fuel for them, continue giving them or should they take responsibility to give back to society and country. TY Danjuma and co have been drilling oil for 20 odd years, some of them have refineries abroad and then they come home to buy cheap 'government fuel'. Is that right. Is is right for a man to be in his father's house eating his mother's food at 50 when he has a job. Haba. Abeg rethink. We are not as useless as you make us to be. Government has no business building refineries 60 years after independence and 50 years after oil became mainstay.
Please don't forget that our govt gets 52% of our earnings as a country. Truly fuel isn't a social service but our govt failed us by not stepping in after she failed woefully to provide the right environment.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Nobody: 1:22pm On Aug 22, 2016
Funny how those who metted out the suffering are bogus and still rich. Ironic how the richest people in Nigeria are northerners and the poorest people are also northerners.
Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by micfoley: 12:21am On Aug 23, 2016
I've already figured this out. My question is can't we fast track Dangotes refinery?
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