₦airaland Forum

Moh247:



Africas Largest Refinery


game changer for the next administration of His Excellency Incomming President Bola Ahmed Tinubu

.

Dangote Refinery will cut Ghana’s fuel imports and reduce pump price, says NPA Ghana Chief Executive

- The completion of the refinery is expected to have a huge impact on Ghana’s downstream sector, which is currently deregulated.

- Ghana is presently facing the challenge of a continuous rise in the price of petroleum products due to high importation costs and a deregulated downstream industry.

The West African nation, which has been a net exporter of crude oil since 2010, is highly vulnerable to oil price shocks because it imports a significant share of petroleum products consumed in the country, mainly from Europe (Rotterdam). As a result, their economy is subject to volatility in international markets for crude and petroleum products, as seen recently with the Russia-Ukraine conflict.

Things are, however, expected to change as the Chief Executive Officer of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, believes the coming onstream of the Dangote Petroleum Refinery is expected to transform the Ghanaian downstream sector.

According to him, the coming onstream of the 650,000 barrels-per-day (bpd) Nigerian refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana.

Speaking at the 16th Oil Trading and Logistics Expo in Lagos, Abdul-Hamid said the completion of the Dangote Petroleum Refinery project would be a breakthrough for the West African region, which has for a long time depended on the importation of petroleum products.

“Right now, Ghana’s downstream industry is completely deregulated, and there is no petrol subsidy in Ghana. For a deregulated market where the importers recover their costs fully, importing from Nigeria will certainly be more cost-effective and cheaper than importing from Rotterdam in the Netherlands, where we get the bulk of our fuel in Ghana,” he said.

“As we all know, the price builds up for a litre of fuel will include the cost of shipment, transportation, insurance, and others, but if we are importing from Nigeria into Ghana, this will bring down the cost of fuel in our country,” he added.....

brandsoncharlie:
How can you be born in Europe, .

VirileNelly2420:
I hope that won't still stop u from looking out for nairas equivalent to cedis...?

They may not be doing well currently, but they pass us generally.

owobokiri:
Nigeria is not working,.. that's the uncomfortable reality. You create states to make them work for the people and not to have some sexy glamorized edifices that make sense in terms of size but totally useless in terms of their positive effects on the people. What matters is the efficacy of the state.., the people matter more than the states. Essentially, states should be formed ONLY where such states can prove very effective in improving the living standards of the people and not just to have the big states for the bragging rights. Nigeria, obviously doesn't foot that bill.., but Algeria or South Africa are pushing hard to be seen as good examples of big states in Africa that are working for their people.

So states in Africa should be created based on how viable they can be and NOT based on how big they may look. Singapore, Norway and Sweden may not be up to the population of Lagos even when combined, but these countries are economically, militarily and diplomatically stronger than a wobbling giant like Nigeria. This is because those countries work but Nigeria doesn't. Two of them (Norway and Sweden) are nation states while Singapore is a multi nation state, whose national culture has been moulded based on the cultural template/platform set by the dominant Chinese Han ethnic group. But this is possible in Singapore because of two factors:
1) The Chinese quantity in the Singaporean population is the majority and
2) The Chinese population were able to provide a modern and very purposeful leadership that is now responsible for transforming the tiny island from a basket case in the 60s into a "first world economy" in just a generation!

In Nigeria, the Hausa language is the most widely spoken language across ethnicities. The Hausa Fulani, just like the Han in China, Singapore or Taiwan, are the most politically dominant as we speak. Hausa language is spoken in many parts of West and Central Africa too..., in over six to seven countries! Just as the Han language helped to bridge the gap between cultures in some parts of south east Asia and made nations work, the Hausa language could have been a bridge building instrument for several West African cultures, especially in the northern parts of West Africa. But that is not the case because you can not give what you don't have. Hausa-Fulani elites have their loyalties all over the place. Some bow to Saudi Arabia, few bow to Africa while the rest bow to London and Washington! That's a recipe for disaster. Under such realities, you can't force folks to model their states like the Singaporeans or the Chinese, unless you are willing to use maximum force to do so. Rather, it will be far better to look at the nation - States of Europe as a possible example. People of the same cultural affinities coming together to form workable unions for themselves.

Uchek:
Which other peoples region did they want? List the regions and the time they wanted other people's region?

pansophist:
If the US establishes bases in Nigeria, then it is official, you have nailed your coffin and sold off your independence. A military base is the new colonial flag. Why do you think Russia doesn't want the US bases even in Ukraine, a neighbor? Why do you think China's redline is that there should be no military base in Taiwan or else it would reclaim the island by force?

Past Nigerian administrations know that bases are a way you sell off your independence. Germany, Japan, and South Korea are countries that are vassals of the US. There are mass protests from the people of these countries that they the US should get out, but nothing changes, they are subjects. No one should be under the illusion that military bases are to help your security. If this is the case, then why is the US not hosting military bases from other countries then? Why only them?

Most importantly, one thing people seem not to know is that military bases are not subjected to national laws, it enjoys extraterritoriality. So if the US installs one in Nigeria, then the Nigerian government simply has no power over it. They can come in, do as they like, and we just have to accept it. Their soldiers are not subject to national law, and that part of the land with their base is basically US soil. That's how you sell your sovereignty (if you have one).

Nigeria's security issues don't justify a base. Assistance can be provided without building one here. By the way, the Nigerian government is not serious about security issues, because if they do, the motivation they use in chasing ipobs would have been channeled to security issues. And if Peter Obi dare install a base in Nigeria, I will hate him for life.

M4A1carbine:
A Referendum will clear all Doubts and it must be held by FIRE i!!

You cant do shyt,,,

Thiefnubuu urchins...see the way a Typical Almajiri is begging for Unity...so that he can use "Political Islam" to smash una coneheads...

M4A1carbine:
All this lamentations points to something Factual...

Encourage BIAFRAEXIT so that you can live beautifully with your AGBADO kindred.

BIAFRA will never be a part of Taliban Nigeria.

cherishmichael:
Habe yhey finish asking the other candidates??
Dump post.

M4A1carbine:
Just see all you wrote concerning a Country that

DOESNT HAVE ELECTRICITY?
DOESNT HAVE INFRASTRUCTURE
IS A CESSPIT OF KWARUPT AND SENSELESS LEADERS?
A GATHERING OF CHAMPIONS OF ETHNIC AND TRIBAL HATE?
A COUNTRY THAT IS AN INSULT ON DEMOCRACY?

Please when you want to actually "HAIL" that failed entrapment...take a trip outside and see why, Nigeria has lost its appeal in the league of Nations.

NIGERIA YOU LOVE IS A GLORIFIED SLUM AND SHYT HOLE.

Face the truth and stop living in useless denial...

4teenblaq:
Mtchew nonsense talk.

I think you should worry more of bandits and book haram terrorists ravaging your country than US military in your country...

nazicartel:
what's the disadvantages of them having their base here?. I think they have one in Germany.

VirileNelly2420:
Which country are u talking about?

U must be living in 18th century.

¢1 is over 60 naira currently.

Dey dia! U no know say cedis don turn hard currency...

fxexperts:
Which European country has such convey, even the prime minister of the UK takes public transport. I do not know why you support your crazy and corrupt leaders, in that shithole country? You want to use the US president as an example, the most protected man in the world. a country where even one company there is richer than your entire country. In this part of the world, you all just celebrate mediocracy.

OChimex:
Lol. This one don vex.

You just described yourself with all the dumb thing you wrote. You really belong in the streets

Lol. Make them take light now, I go see how you go reply.

OChimex:
The cursing and anger and gutter words show you were probably kicked out because you don’t belong here. You belong to Nigeria where frustrated people like you are.

But you sound so uncivilized, unexposed and illiterate.

Don’t be angry kid. Grow up

But, by the way, how did you get light to charge your phone?

And how come you have internet to curse with? I thought you had to climb on the tree?

Lol

tonyashburton:
Lies.At most they have 15 vehicles on the convoy.The fact is the more vehicles on the convoy,the greater the risk of accidents and managing them in a complex situation like an armed attack becomes more difficult.

tonyashburton:
47 vehicles or thereabouts.The fuel all those Land Cruisers dey consume in one short trip fit reach my Corolla for like three years.
My father always says that the black man's priorities are the same everywhere regardless of nationality.

Bigchristo:
wow! Really wow! now I confirmed your level of stupidity is on the high side, you’re showing me roads that I have drive passed severally before leaving Nigeria those aren’t desert roads this are inside town between Aso Koro in Abuja, guy take chill pills there’s nothing like town in the pictures that I showed you it’s a desert linked road between Abhu Dhabi straight down to Saudi Arabia, stop acting like goat… show me a link road between Nigeria and other Neighboring countries that is well developed as what I showed you on the picture, even some of our cities don’t have good roads not to mentioned inside deserts, You’re dullard calling people a school drop out without even knowing the difference between town and desert, your parents need a refund if actually you passed through school at all, it’s a pity though, better stop fooling yourself trying to defend Africa backwardness that our leaders has caused us, we have every good resources and finance to build one of the finest cities in the world but yeah Morons like you will be defending the acts of our leaders instead of tasking them to do more in terms of development so that our continent can be developed like rest of the world…. I leave you to wallow on your ignorance

SmartyPants:
The UK PM has just 3 - 5 cars in his convoy and as for the US, obviously, their leader is a huge target for threats both domestic and foreign. Who has time for the Ghana president?

OChimex:
I bet you, the day you leave Nigeria and move to America or Europe, you will not only understand how stupid and mad it was living in Nigeria, you will regret ever being born there