Redoil:
Are you pondering what i am pondering
@vedaxcool and bmc et al Tinubu family owns oando and are having high stakes in agip so stop ecouraging tinubu family to buy up nigeria after buying up lagos and south west.

I tot OBJ owned it.

This one go pain tinubu gan

Thank God for the Senate! This buhari led government is bent on giving their cronies and business partners our chersihed assets without due process and transparency. That's how they gave dangote, hell rufai (Kaduna state) and Niger state pegout without publicizing it. Now here they are again trying to give tinibu and his friends port Harcourt refinery! God pass them!

In the same vien they want to withdraw the oil licenses of south southerners and give it to abokis! What a biased and unfair government.

How many privatized asset have we ever benefited from since the silly OBJ era? What we need is proper scrutiny of how and who the change process is carried out and not undermining the senate all the time.
Vexdacool

seunmsg:
The senate is unfortunately constituting itself into a clog in the wheel of progress. Obasanjo privatised those refineries during the tail end of his administration but some unscrupulous elements advised Yar'ardua to cancel the privatization. If the Obasanjo era privatisation had stand, our refining capacity would have since improve by now but we missed that opportunity.

Another opportunity is here again to get things right and the same unscrupulous elements are using the senate to frustrate it. Eni and Oando are well established and credible players in the oil sector and if they have both committed to revamping the moribund refinery and increasing its refining capacity, I don't get why the senate is desperate to frustrate the deal.

Again, we now have a minister who is so committed to ensuring that we stop importation of petroleum products in the next two years. The success of this Port Harcourt refinery concession is very key to achieving that target. If the senate succeeds in killing this deal again, we should prepare for many more years of petroleum importation with all the problems that comes with it.

vedaxcool:
There is a difference between privatization and concessioning. One hope this people aren't hell bent on imprisoning Nigeria in fuel importation which consumes a large chunks of our forex.

Big difference. When you privatise, you sell, when you concession, you lease the asset for some time. You get your asset back after some time

vedaxcool:


Let's assume that is the case do you know what commissioning is and how it differs from outright buying? I personally don't have any problem with Tinubu buying stuff the argument should be was the deal fair and transparent. What are the conditions attached to the commissioning. Sir no one prevented you from buying up Nigeria if you have the money.

Bros tell us what commissioning CONCESSIONING is
We are listening sir

seunmsg:
The senate is unfortunately constituting itself into a clog in the wheel of progress. Obasanjo privatised those refineries during the tail end of his administration but some unscrupulous elements advised Yar'ardua to cancel the privatization. If the Obasanjo era privatisation had stand, our refining capacity would have since improve by now but we missed that opportunity.

Another opportunity is here again to get things right and the same unscrupulous elements are using the senate to frustrate it. Eni and Oando are well established and credible players in the oil sector and if they have both committed to revamping the moribund refinery and increasing its refining capacity, I don't get why the senate is desperate to frustrate the deal.

Again, we now have a minister who is so committed to ensuring that we stop importation of petroleum products in the next two years. The success of this Port Harcourt refinery concession is very key to achieving that target. If the senate succeeds in killing this deal again, we should prepare for many more years of petroleum importation with all the problems that comes with it.

you are one of the few persons making sense on this thread so far. ignorance, they said is disease.

Fyno:
the Senate as an institution may not be perfect but their are still men of substance there
What they are only asking is for transparency and due process in the concessions.

If this concessions fails tomorrow, you will be the first person to still blame the Senate for not doing their Job

Don't allow your Love for a dying man becloud your sense of reasoning

Nigeria senate! Men of substance? Are you high...

Fyno:
the Senate as an institution may not be perfect but their are still men of substance there
What they are only asking is for transparency and due process in the concessions.

If this concessions fails tomorrow, you will be the first person to still blame the Senate for not doing their Job

Don't allow your Love for a dying man becloud your sense of reasoning

And how long will the pending investigation last? 2 years?

God help us! These men in the senate again! Seems like all they do these days is serve as a clog in the wheel of progress and their grudge may even simply be that their hands were not oiled as usual before the process was concluded. This was exactly hoe they reversed the sale of the dead refineries to Dangote and some other serious investors about 10 years ago. God knows if Dangote, Oando and co had owned those refineries for the last 10 years, Nigeria wouldn't have to import 100% of its energy as is the case today.

Now Kachikwu keeps coming up with smart ideas to quickly turn the dead refineries around, the old rogues keep frustrating the efforts; this so called investigation may just as well take another 2 years, forcing Kachikwu to miss his own self chosen deadline of restoring Nigeria's refining capacity. Nigeria truly isn't ripe for a democracy.

xcolanto:
Thank God for the Senate! This buhari led government is bent on giving their cronies and business partners our chersihed assets without due process and transparency. That's how they gave dangote, hell rufai (Kaduna state) and Niger state pegout without publicizing it. Now here they are again trying to give tinibu and his friends port Harcourt refinery! God pass them!

In the same vien they want to withdraw the oil licenses of south southerners and give it to abokis! What a biased and unfair government.

Refineries that have not operated beyond 30% of their installed capacity in the last 20 years are your cherished assets, right? Seriously, why are some of you like this?

You guys support any attempt to truncate the good deeds of this government simply because you don't like the president. What is wrong in concessioning a moribund refinery to well established oil industry players to revive it?

Na wa o.
Jigawa senator stopping Rivers state project.

Federal character in action.

The corrupt powerbase will never allow the refineries to work.

MARKETfund:



Bros tell us what commissioning CONCESSIONING is
We are listening sir

Thank sir.

seunmsg:
The senate is unfortunately constituting itself into a clog in the wheel of progress. Obasanjo privatised those refineries during the tail end of his administration but some unscrupulous elements advised Yar'ardua to cancel the privatization. If the Obasanjo era privatisation had stand, our refining capacity would have since improve by now but we missed that opportunity.

Another opportunity is here again to get things right and the same unscrupulous elements are using the senate to frustrate it. Eni and Oando are well established and credible players in the oil sector and if they have both committed to revamping the moribund refinery and increasing its refining capacity, I don't get why the senate is desperate to frustrate the deal.

Again, we now have a minister who is so committed to ensuring that we stop importation of petroleum products in the next two years. The success of this Port Harcourt refinery concession is very key to achieving that target. If the senate succeeds in killing this deal again, we should prepare for many more years of petroleum importation with all the problems that comes with it.

@ the bolded. Just as it happened in the power sector, power supply is now 100%.

ruffhandu:


@ the bolded. Just as it happened in the power sector, power supply is now 100%.

Jonathan privatised some aspect (not all) of the power sector in 2013, that is just 4 years ago. Let's access them fully 10 years after.

Some of these things take time and it's better to start now than not make effort at all. Again, the refinery is to be concessioned to well established oil firms with good track records and not the privatisation to unqualified cronies that was done by Jonathan in the power sector.

seunmsg:


Jonathan privatised some aspect (not all) of the power sector in 2013, that is just 4 years ago. Let's access them fully 10 years after.

Some of these things take time and it's better to start now than not make effort at all. Again, the refinery is to be concessioned to well established oil firms with good track records and not the privatisation to unqualified cronies that was done by Jonathan in the power sector.

My brother, some these are just means of defrauding Nigerians. They just sell it off to their cronies who hope to get money from the same venture to pay for the venture. Let me tell what works. Issue licence to the smallest scale production of any good or service, then watch how competition transforms the country. Government should supervise and ensure quality, withdrawing licences where applicable.

Redoil:
Are you pondering what i am pondering
@vedaxcool and bmc et al Tinubu family owns oando and are having high stakes in agip so stop ecouraging tinubu family to buy up nigeria after buying up lagos and south west.

This is the kind of reasoning that has kept Nigeria in the dark ages.

seunmsg:
The senate is unfortunately constituting itself into a clog in the wheel of progress. Obasanjo privatised those refineries during the tail end of his administration buut some unscrupulous elements advised Yar'ardua to cancel the privatization. If the Obasanjo era privatisation had stand, our refining capacity would have since improve by now but we missed that opportunity.

Another opportunity is here again to get things right and the same unscrupulous elements are using the senate to frustrate it. Eni and Oando are well established and credible players in the oil sector and if they have both committed to revamping the moribund refinery and increasing its refining capacity, I don't get why the senate is desperate to frustrate the deal.

Again, we now have a minister who is so committed to ensuring that we stop importation of petroleum products in the next two years. The success of this Port Harcourt refinery concession is very key to achieving that target. If the senate succeeds in killing this deal again, we should prepare for many more years of petroleum importation with all the problems that comes with it.

Please keep quit or simply go and sit down. So because we need to privatise due process and competitive bidding should be abandoned. You people beta stop all this nonsense you are paid to do on NL. Oando/ Agip can still win the bid but they must be forced to bid and if their bid fall short the refinery should be bequeathed to the winner of such bid. No other way but the right way. Imagine just awarding a whole refinery to Tinubu because he is oju yo bo. Una don de mayan for this country.

APC n buhari are a big disgrace shouting PDP corruption here n there, but it's clear that this is an attempt to compensate "the national leader" tinubu for his investment in the party n administration through the back door which is also corruption, APC technique is,make a lot of noise n propaganda to divert attention then quietly executes your sinister motives unnoticed. these people are just deceitful hypocrites.

Fyno:
the Senate as an institution may not be perfect but their are still men of substance there
What they are only asking is for transparency and due process in the concessions.

If this concessions fails tomorrow, you will be the first person to still blame the Senate for not doing their Job

Don't allow your Love for a dying man becloud your sense of reasoning

smh. because he goes against senate... he's a buhari supporter? if you had read between the lines, I meant the argument of kachiku, you would have seen the process was ok.. the senate just want public sympathy. I just hope it won't b too late

Ballmer:


Please keep quit or simply go and sit down. So because we need to privatise due process and competitive bidding should be abandoned. You people beta stop all this nonsense you are paid to do on NL. Oando/ Agip can still win the bid but they must be forced to bid and if their bid fall short the refinery should be bequeathed to the winner of such bid. No other way but the right way. Imagine just awarding a whole refinery to Tinubu because he is oju yo bo. Una don de mayan for this country.

If Oando was owned by Ekweremmadu your yarns would have been different.

mars123:
Nigeria senate! Men of substance? Are you high...

yes

rottennaija:


And how long will the pending investigation last? 2 years?

ask the Senate

vickylincon:
smh. because he goes against senate... he's a buhari supporter? if you had read between the lines, I meant the argument of kachiku, you would have seen the process was ok.. the senate just want public sympathy. I just hope it won't b too late

there are laid down rules that must be followed during either privatisation or concessionary, ie due process, and that is what the Senate is demanding

We are not in militocracy or corpsocracy where you just concession national assets like you are your dashing Npower 30k

Fyno:
there are laid down rules that must be followed during either privatisation or concessionary, ie due process, and that is what the Senate is demanding

We are not in militocracy or corpsocracy where you just concession national assets like you are your dashing Npower 30k

lol. I think I quite agree with you... just don't trust this senate