₦airaland Forum

Na so still they claim to love Nigeria , shouting one Nigeria while the real idea is to steal and loot every thing not nailed to the floor , worse than apartheid and colonialism and slave trade to the black race is the rule of aboki/afon in the territory called Nigeria , these ppl are satanic.

Hahahaha imagine you have a car you are not using at all but you’re still buying fuel for and servicing, doesn’t that mean you’re sick in the head.? Now my pain is some of you idiots after seeing all these things your politicians and political leaders are doing to you. You will still come out and support them . As far as I’m concerned no politician anywhere is concerned about anything or anyone apart from themselves if you’re in doubt ask the simple question. Why do the leaders still allow these monies to flow to these dead institutions then you will get your answer. Nigerians should wake up if una like mae una no wise . Mad people

Wasteful country

When a man of 82yrs is the minister for petroleum and the President of a country as well.....lols....

If you are surprised, then you need mass beating

Ecstasy154:
https://thenationonlineng.net/nnpc-operational-expenses-of-idle-refineries-hit-n6bn-in-october-report/

What does it cost to build a new refinery?

Village people should leave Naija alone naaa... Na beg i dey beg oooo

Why not shut down these refineries instead of wasting millions upon millions of naira that would have been used for better things.

Ecstasy154:
https://thenationonlineng.net/nnpc-operational-expenses-of-idle-refineries-hit-n6bn-in-october-report/

They are deliberately being run to the ground while we wait for our mega saviour project to be completed. Na their format be that since 1500 - hold everything and everyone back until we catch up, even if it takes us 2000 years.

And when transparency international confirms what we already know, buhari mad dogs will call it a lie.

Fantastically corrupt country.

Excellent!

Our hardworking Minister of Petroleum is doing great things!

Abeg who is the minister of petroleum incharge of the operations of this refineries?

The mother of all corruption..
Buhari wants all refineries in Nigeria dead so we can be importing fuel from his maternal home Niger republic..

NwaliE01:
Abeg who is the minister of petroleum incharge of the operations of this refineries?

Ofcourse It's the edi abali in Aso rock....

Abeg who is the minister of petroleum? Mr integrity right. God is watching him, subjecting millions of Nigerian to abject poverty. posterity will never forgive him.

The refineries are idle because of fuel subsidy

Fuel subsidy means that petrol is sold below the price of production, which means NNPC cannot run the refineries profitably...

So, them refineres have become dead weight, while money needed for their repairs is spent on subsidy, on paying for the maintenace costs, and on importing fuel.

Niger has a functioning refinery, because they don't subsidse fuel there. As a result, fuel is sold for N350 per liter there. Thus, they have enough cash to pay for maintenance and upgrades, and still make a profit.

The only way to get refienries working...and this isn't my opinion, it is the opinion of several NNPC executives past and present, experts like Ngozi Okonjo Iweala and the disgraced ex-emir of Kano SLS, and many others, is simple.

Remove subsides, allow marketers to set the price of fuel.

Yes, fuel will be sold at N300-400 per liter, and yes, my petrol costs will shoot up. Yes, food prices will shoot up. Yes, we will suffer.

But NNPC would have the profit to pay for its refinereis repair, and maintenance, and crucially build new ones. ALSO...more and mnore investors will come in and build refineries ..and this means prices falling eventually.

But Nigerians, and sorry to say this, love fuel subsidies. If Buhari came and announced that fuel costs N40 tomorrow...as one of his lackeys promised in 2015, Nigerians would be happy. But that would make the bad situation worse.

In Venezuela, they sell fuel at N40 per liter...subsides eh. Thier foreign exchange reserves are gone, and their refinereis are in a bad way..simply because their equivalent of NNPC there has no cash to maintain and repair the refineres.

You cannot run a business at a loss, and expect enopugh profit to keep running it. That is what we have been doing for NNPC.

Oil subsidy has to go. It should have gone in 1993 when it was suggested to us for the first time. But we called the people who suggested it IMF imperialists. Now, some 28 years later, see where we are now. Refineries that don't work., and any money NNPC makes going to feed the subsidy monster

Wow! These Looterans.

A dead refineries with running costs...if I see any madman dey go that area I go buy matches for him.nonsense.

Mentioning Billions as if na 1kobo


9ja ti tan jor

Only in nigeria

Brendaniel:
It's like there are evil spirits that are running these refineries that the physical eyes cannot see...

Those will be the northerners who are holding sway at the NNPC simply because they are northerners whether qualified or not.

Mostly not qualified

But

They're still getting paid for being idle... Yet we wonder why Nigeria is not advancing

Vardanes2:
The refineries are idle because of fuel subsidy

Fuel subsidy means that petrol is sold below the price of production, which means NNPC cannot run the refineries profitably...

So, them refineres have become dead weight, while money needed for their repairs is spent on subsidy, on paying for the maintenace costs, and on importing fuel.

Niger has a functioning refinery, because they don't subsidse fuel there. As a result, fuel is sold for N350 per liter there. Thus, they have enough cash to pay for maintenance and upgrades, and still make a profit.

The only way to get refienries working...and this isn't my opinion, it is the opinion of several NNPC executives past and present, experts like Ngozi Okonjo Iweala and the disgraced ex-emir of Kano SLS, and many others, is simple.

Remove subsides, allow marketers to set the price of fuel.

Yes, fuel will be sold at N300-400 per liter, and yes, my petrol costs will shoot up. Yes, food prices will shoot up. Yes, we will suffer.

But NNPC would have the profit to pay for its refinereis repair, and maintenance, and crucially build new ones. ALSO...more and mnore investors will come in and build refineries ..and this means prices falling eventually.

But Nigerians, and sorry to say this, love fuel subsidies. If Buhari came and announced that fuel costs N40 tomorrow...as one of his lackeys promised in 2015, Nigerians would be happy. But that would make the bad situation worse.

In Venezuela, they sell fuel at N40 per liter...subsides eh. Thier foreign exchange reserves are gone, and their refinereis are in a bad way..simply because their equivalent of NNPC there has no cash to maintain and repair the refineres.

You cannot run a business at a loss, and expect enopugh profit to keep running it. That is what we have been doing for NNPC.

Oil subsidy has to go. It should have gone in 1993 when it was suggested to us for the first time. But we called the people who suggested it IMF imperialists. Now, some 28 years later, see where we are now. Refineries that don't work., and any money NNPC makes going to feed the subsidy monster

In 2012, Nigerians had an opportunity to end the oil subsidies culture once and for all, but that weak president called GEJ instead of backing his minister Iweala he decided to back the loud mouth socialist such as Falana , Oshiomole and Ben Bruce.

GEJ wasted $8 billion a year subsiding oil to Nigerians, funds that could have been invested in Power generation, petrochemical plants and steel mills.

Can you imagine? An idle refinery (as in weytin no dey produce even 1 centiliters of either pms,dpk or even AGO) gulping 6 Billion naira, yet the government is borrowing money on monthly basis from other countries. How do we rescue this country?

sulaak:
In 2012, Nigerians had an opportunity to end the oil subsidies culture once and for all, but that weak president called GEJ instead of backing his minister Iweala he decided to back the loud mouth socialist such as Falana , Oshiomole and Ben Bruce.

GEJ wasted $8 billion a year subsiding oil to Nigerians, funds that could have been invested in Power generation, petrochemical plants and steel mills.

Yeah, that is true, but it should be pointed out that his hand was forced by mass protests.(And remember, dude had just faced 2011 post election violence, the last thing he needed was violence arising from subsidy removal)

The truth is, no Nigerian leader, past or present, has the liver to end subsidy culture. Even now, Buhari is still paying a subsidy. Because removing it potentially means higher fuel prices , higher food prices, and higher cost of living...and a potential revolt .

EVEN if you explain that these are short term.EVEN if you explain the benefits.....and if you try to explain , one is an IMF agent...or whatever.

Really

Nothing works in Nigeria



















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No joke should be complete without the mention of Nigeria.

If you talk now some goats wey Dem don use their brain collect rubber go start dey abuse person. It's well sha

Moribund refinary that would have been disposed many years ago. It's now a waste pipe.

Naija we hail thee!

frog12:
WORTHLESS refineries that must be maintained so they no turn to RUSTS