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Nairaland Forum / Nairaland / General / Politics / No Money To Fix Refineries – FG (10910 Views)
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No Money To Fix Refineries – FG by JosEast(m): 6:21am On Mar 15, 2018 |
The Federal Government has said that it has no money to fix the nation's refineries. The Minister of State for Petroleum Resources, Ibe Kachikwu, disclosed this on Wednesday while briefing State House correspondents after the cabinet meeting presided over by Vice President Yemi Osinbajo. The minister stated that he had given all the guidance required to fix the refineries. He said the government had to raise money through a Public-Private Partnership model. He stated: "As a seasoned professional, I have given all the guidance that is required to fix the refineries. We came into a situation where we don’t have money to fix the refineries. We had to raise the money looking into the PPP model; it has to go through a process. "The technical committee is headed by the NNPC. Obviously they'll submit their report to the board when they complete their work. So, from a governance and guidance sense, steering point of view, I think that steering is right on track, from a management of the technical aspect of the contracting, that is something we would have to allow NNPC handle, it is not the job of the ministry to superimpose, you’ve got to let them do their work and do it efficiently." Kachikwu also said that the proposed modular refineries in Delta and Rivers States were not meant to address the current refining gap. “On modular refineries; modular wasn’t supposed to provide a sufficient solution to your product needs, modulars are on the average between 2,000 and 5,000 maybe 10,000 at most capacity per refinery. Your consumption is about 630,000 barrels per day, that is not the essence of modular, what modular was supposed to do for us is provide work within some of these communities where people are busy doing illegal refining. “It’s not meant to address the refining product gap we have in the country, we are hoping that those gaps will be covered by a mixture of the three or four refineries that government owns currently, Warri, Port Harcourt and Kaduna and of course the Dangote refinery of 600 barrels,” he said. https://www.dailytrust.com.ng/no-money-to-fix-refineries-fg.html 3 Likes 1 Share
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Re: No Money To Fix Refineries – FG by Nobody: 6:24am On Mar 15, 2018 |
sell all the refinery as scrap for 1 dollar to an international company who can revamp it with huge investment and manage it efficiently. Government don't have refineries in United State, UK, France, Italy etc. Refineries are own by private corporations. Nigeria govt should stop investing and wasting money on Refineries. 59 Likes 6 Shares |
Re: No Money To Fix Refineries – FG by dejt4u(m): 6:30am On Mar 15, 2018 |
your 4years will soon be over.. promise and fail government 83 Likes 3 Shares |
Re: No Money To Fix Refineries – FG by chuksjuve(m): 6:51am On Mar 15, 2018 |
What sort of lame excuse is this ! When will this administration take responsibilities for once... 19 Likes 1 Share |
Re: No Money To Fix Refineries – FG by EllySteve: 6:52am On Mar 15, 2018 |
Just look at this people...just negodu 45 Likes 3 Shares
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Re: No Money To Fix Refineries – FG by FarahAideed: 6:53am On Mar 15, 2018 |
But there is money to keep paying Boko Haram ransome and there is money for cattle colonies across Nigeria .. na wa oo this clearly a govt that cares more about the welfare of terrorist than Nigerians 86 Likes 4 Shares |
Re: No Money To Fix Refineries – FG by osscarr(m): 6:55am On Mar 15, 2018 |
But there is money to give boko haram I taught buhari said he will build a new one 27 Likes 1 Share |
Re: No Money To Fix Refineries – FG by eTECTIVe(m): 6:55am On Mar 15, 2018 |
APC !!! LIARS!!! APC !!! CHAINs TO THE PEOPLE!! D same refineries dey claimed dey fixed as soon as dey entered and their stupid keyboard warriors and resident zombies kept ranting about it. D same refineries dey claimed was now optimally producing but not enof to service our national needs. How many billions is being expended by d govt in looking for oil in Chad and now Nassarawa nd Bauchi? So instead of fixing d refineries to atleast produce wat we use so we save d monies spent on importation and subsidies we'll rather look for more oil nd import its products ? Dis govt is d most useless govt ever liveth... If U still want to convince Nigerians d govt is working and still suppports dem den U are Madt nd have no one to tell U.. Those e-diots will only view and waka pass dis thread. I dare U morons to actually comment on dis thread instead of ignoring it 67 Likes 8 Shares |
Re: No Money To Fix Refineries – FG by obonujoker(m): 6:57am On Mar 15, 2018 |
buh you have money to drill and look for oil in Borno?? 31 Likes 5 Shares |
Re: No Money To Fix Refineries – FG by anibirelawal(m): 7:03am On Mar 15, 2018 |
This one weak me o. 3 Likes |
Re: No Money To Fix Refineries – FG by godofuck231: 7:08am On Mar 15, 2018 |
Pdp vs apc 4 Likes
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Re: No Money To Fix Refineries – FG by Omeokachie: 7:15am On Mar 15, 2018 |
Nigerians brought this calamity upon themselves. Four years of nothing but excuses. 25 Likes 3 Shares |
Re: No Money To Fix Refineries – FG by Nobody: 7:16am On Mar 15, 2018 |
If you have no money to fix refineries, then legalize the so called illegal refineries you have been destroying, regulate them for best practices and tax them for national income. Source: www.zikistmovement.com 15 Likes 3 Shares |
Re: No Money To Fix Refineries – FG by freeze001(f): 7:18am On Mar 15, 2018 |
The refineries body language had reconstructed? Really? That is how they claimed to have defeated BH yet need $1billion to 'clean up' 12 Likes 1 Share |
Re: No Money To Fix Refineries – FG by sdindan: 7:19am On Mar 15, 2018 |
But u said u will fix them in one year. Governance is thoroughly a rocket science. Fashola. 37 Likes 1 Share
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Re: No Money To Fix Refineries – FG by freeze001(f): 7:20am On Mar 15, 2018 |
anibirelawal: Hehehe! Stay strong ZoneB, ur diehard support is critical at this time. You can always fall back to default mode and blame the previous administration for not fixing them! Don't u dare be weak now, u may lose 30k 36 Likes 1 Share |
Re: No Money To Fix Refineries – FG by anibirelawal(m): 7:25am On Mar 15, 2018 |
freeze001: What can i say? 1 Like |
Re: No Money To Fix Refineries – FG by saarumann: 7:26am On Mar 15, 2018 |
But there's money to spend on frivolous items like $1 billion plan ransome money for boko haram, buying power bike for buhari's son and traveling abroad for medical treatment for buhari's family members right? Fuel now selling at N175-180 as against N89 in the last administration. This govt is totally useless. 24 Likes 2 Shares |
Re: No Money To Fix Refineries – FG by freeze001(f): 7:27am On Mar 15, 2018 |
26 Likes 3 Shares |
Re: No Money To Fix Refineries – FG by OKDnigeria: 7:32am On Mar 15, 2018 |
They always have a reason why something is not done. Like play like play, 4 yrs will soon be over. And the people that promised to build new refineries are now giving excuse why they can't even repair existing ones! 3 Likes 1 Share |
Re: No Money To Fix Refineries – FG by lloydtruth: 7:35am On Mar 15, 2018 |
No money for this, no money for that, where then is our money? I want to specially thank those who contributed in one way or the other in giving power to a brain dea, corrup, and deceitful element, now nothing is working in this shlthole country again. 4 Likes |
Re: No Money To Fix Refineries – FG by saarumann: 7:35am On Mar 15, 2018 |
life2017:Selling of refineries was recommended in the last administration but enemies of progress/GEJ hatters kicked against it. I remember OBJ even sold Nigerian refineries before leaving power in 2007 but was quickly reversed by Yaradua's govt. People with outdated economic brain who believe that govt should be in the business of refineries are the caused of Nigeria's sufferings today! 8 Likes 2 Shares |
Re: No Money To Fix Refineries – FG by saarumann: 7:40am On Mar 15, 2018 |
OKDnigeria:Yet the scam liars told Nigerians that they recovered billions of dollars through fight against kwurupsion. Why not use some of the recoverer monies to build refineries? This govt is full of lies. 9 Likes 1 Share |
Re: No Money To Fix Refineries – FG by Paperwhite(m): 7:42am On Mar 15, 2018 |
As a seasoned professional I have given all the guidance that is required to fix the refineries, we came into a situation where we don’t have money to fix the refineries we had to raise the money looking into the PPP model, it has to go through a process. Yet monies are being recklessly embezzled in all fronts in this government.Meanwhile what happened to the one-year,one-refinery promise of Buhari government Bunch of fraudsters. 8 Likes 1 Share |
Re: No Money To Fix Refineries – FG by Paperwhite(m): 7:43am On Mar 15, 2018 |
eTECTIVe:You think fast & intelligently too.Thumbs up man. 4 Likes |
Re: No Money To Fix Refineries – FG by OjukwuWarBird: 7:45am On Mar 15, 2018 |
The same refinery technology that littered the landscape of Biafra during the war. Nigerians, we hail thee 6 Likes 1 Share |
Re: No Money To Fix Refineries – FG by UncleJudax(m): 7:45am On Mar 15, 2018 |
osscarr:Yes. New one every year... 5 Likes |
Re: No Money To Fix Refineries – FG by UncleJudax(m): 7:47am On Mar 15, 2018 |
Omeokachie:Please we need at least 4 more years to run out of excuses. |
Re: No Money To Fix Refineries – FG by ajebuter(f): 7:47am On Mar 15, 2018 |
But money dey to fly Yusuf abroad for self induced bike accident.. But to fix refineries for the benefit if the masses, money no dey.. Yeye pipu 5 Likes 1 Share |
Re: No Money To Fix Refineries – FG by PFRB: 7:52am On Mar 15, 2018 |
The refineries have been given to China. The man is just rationalising the situation. |
Re: No Money To Fix Refineries – FG by joudini(m): 7:52am On Mar 15, 2018 |
When Buhari assumed seat, some of the refineries were producing at appreciable capacity, the clowns termed it "Buhari body odour", instead of the result of the turn around maintenance of the previous government. So, what has happened with the body odour? No more sweat? hahahaha. The revolution will be televised. 9 Likes 3 Shares |
Re: No Money To Fix Refineries – FG by mekaboy(m): 7:53am On Mar 15, 2018 |
After so much lies. 4 Likes 1 Share |
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