₦airaland Forum

brain54:
Story...


I don't want to sound like a pessimist. But I give that refinery 1 year max before it goes back to redundancy.

Much ado about something that would not last!

Dont think so ....

Dangote is a slap on the face of NNPC...

So they got to keep it running..by fire by force ..

If FG can also privatise Warri and Kaduna ...

It also keep them in check ...

Picky1:
Not a pessimist but naija government with corrupt politicians, systems sabotage, etc can never compete with DR, unfortunately!
They should just privatize using the LNG model!

Lets just hope they
can beef themselves to
benefit the masses ...

Agbalowomeri:
At least if they can use anti-Dangote beef to make the refineries work, Nigerians go benefit

U get the catch of the NNPC move ...
It is a good response to Dangote monopoly...
Am even more optimistic that they will deliver
the 2nd phase ASAP to silent Dangote...

mikeapollo:
Mediocrity
We celebrate things that we should be ashamed of. What is the hype about when virtually all OPEC members have functional refineries in their country.
I would not be surprised to hear that the same refinery has collapsed and packed up in few months or days from now.

U celebrate little things...steps...
Irrespective of the shame .....
2nd phase should come up in Mid 25...26
If BAT keep up with the tempo...
We still have a 3rd phase.
And if they can successfully privatise other refineries..
FG can make that sector really competitive...
Dangote and other importers will have to sweat it out..

Raider76:
Lazy journalists. They can't go there and confirm, only reporting what the government said.

No need to go there...

Time will reveal whether its true or not....

At least we have a report for accountability sake ....

mikeapollo:
Not an achievement for BAT.
The contract/project for the repairs and overhaul of the PH refinery started long ago, under Buhari's administration.
You cannot be giving undue credit to any BAT

PMB started it ...
BAT finished it....
Its BAT choice to stop it or finish it..

mikeapollo:
Not an achievement for BAT.
The contract/project for the repairs and overhaul of the PH refinery started long ago, under Buhari's administration.
You cannot be giving undue credit to any BAT

PMB started it ...
BAT finished it....
Its BAT choice to stop it or continue with it...

/https://nairametrics.com/2024/11/26/port-harcourt-refinery-begins-production-as-truck-loading-commences/

Nice one from BAT

zarathustra:
It's complex but all I can say is: If you can afford it , do it. Let him have it if it is within your means.

Good response from U....
Dad is family..
U forgive ...and move on...
do what you can...
And leave the rest to God....
In the next 100 yrs plus ....
Every1 don kpai...
sincerely when u have got challenges ...
that is life and death ....and seen life...
All grudges like Ops grudges are feather weight....

DeRuggedProf:
Curing illiquidity in Glass Bottles is a Better bonus.
Championing issues at 7 O'clock is not too early.
Living on stockfish is life stuck.
Leasing is no longer a choice, Nigeria is happening even to MTN...

Glass Bottles is going back
to the days of N=80/Share

nairalanda1:
Before looting, our budget for this year is 33 trillion naira. That's approx 30 billion dollars tops.

Not enough for a nation of 200 million people.


Before looting. Even if we stopped looting, money would still be limited.

We got work to do.

We have got work to do
by cutting down on the size of govt ...
Oga President is buying new jet on top money borrowed ...
Madam First Lady is budgeting billions of Naira for cars and SUVs.. on top borrowed money...
National Assembly budgeted N2,2 trillion Naira on constituency projects
When we have a Ministry of Works...
We know say... na chop money for NA on top borrowed money
By the time you thrash out the whole budget ...
Na padding for elites boyz to chop ...
Its definitely not how huge a budget is ...
Its about intent... effective and efficient implementation...

nairalanda1:
Nigerians are not seeing tangible results because the amount collected in tax is low plus oil revenue is also too low. Add looting and you get the Koko.

If government tried to deal with the above issues, it would lead to protests and riots. So the next thing is to borrow to fill up deficits.


Take our roads. South Africa has better roads than us because the roads are tolled. Nigeria? Apart from the Lekki road which is tolled, most of our roads are bad because no toll . Therefore not enough money for maintenance.

Also, most of you see government as a means to chop money. That is why holding government to account does not work here. Even of we were all the same tribe.

D problem is not with the tax.....
D problem is the looting....at FG..SG..LG level... ....
There is enough money to handle projects if we cut wastages
D masses cannot do anything until we have good leadership...

nairalanda1:
In the same saner climes, the tax rate is very hefty compared to Nigeria, yet that is how they get the cash for all the things needed for saner climes.

Take the UK. If you are living in a citeh in the UK, you pay something called council tax which can be as high as 400000 naira or more monthly. And no, not everyone earns that much to pay, so..


Nigeria, only 30% of people pay tax to government. Most don't or they pay money to suspicious entities that do nothing. Oil money is not enough for 2 million people.

If government raised taxes, taxed the 70% not paying, ended illegal mining and cut subsides to raise the cash needed, you guys will call them oppressive.

So they borrow.

No one will complain about tax...
If Nigerians can see tangible results with evidence...
FG is collecting taxes and feeding the elites..
And you expect the masses not to call it oppressive
Tell me what is going on in Ajaokuta Steel ....
that has a budget of N=4.2 billion in 2024 budget .....
FG has been paying staff wages for over 2 decades ...
for a facility that is not operational...
This is just one out of a million useless ways of stealing money in Naija...

MarketDispatch:
This is one aspect of Dangote's business where I think he wasn't smart and calculative.

For Cement, he acquired and owns his feed stock.
For refinery, he should have acquired and owned his oil well to produce and supply his refinery. That way, he would have been self sufficient and not being made to become a content creator as seen in previous clips.

U cant do all at once...
Oil Well ..Refinery...Retail Outlet..
Once he can accomplish the above...
NNPC is a goner

designking:
Unilever might get to ₦100. It is a silent stock that will do wonders.

N=100 for where...
Even those whey do bonus no reach N=50

Proudlyngwa:
This man said nothing but the truths but coconut heads will not understand, while lilylivered people will hide from explaining because of insults.

Nigeria needs to borrow and borrow huge to have any significant impact in our economy.

What we should be concerned about is how to take effectively manage the money, not the amount.
That money na chicken change which is the message the messenger is passing through.

What is the thruth ?
When we know the whole money ...
will still enter their pocket....
Ajaokuta scenario from Jimoh is a good ...
example of white elephant project....
Over $8billion dollars project,
yet no single steel came out for 39 years..
And yet the same Senators approve N=5.18 billion
in 2024 same useless project...
Do they look like folks that can manage money ?

datola:
You people self.. because of success of one in a million you generalize that all people who relocate abroad succeed and those offspring in Nigeria are unfortunate.

We have more success stories in Nigeria than the your abroad.

Its not easy here.... Bros

With 129 million Nigerians living below $2.15 (3,621.63 NGN) per day..

That's what world bank calls extreme poverty..

D odds are against most Nigerians in this cadre....

Raider76:
In the medium term I am going with FBN which I belive may have higher potential sentiment backed gains.

In summary....

D only reason I am buyin FBN is Otedola...

TJOS:
Take a closer look: education in Nigeria is facing a crisis, and the burden has shifted heavily onto Nigerians, who are now paying exorbitant fees in federal tertiary institutions. Have you noticed why federal institutions are dropping in Nigeria and global rankings? There are no significant projects being executed, compounded by the "Band A" status all tertiary institutions are grappling with.

At the University of Ibadan, for instance, MSc students are just two months away from their project defense, yet many have made little progress. They are unable to pay their third-semester fees, let alone begin meaningful work on their projects, which are further hindered by persistent power outages.

Nigerians are bearing the brunt of this poor leadership under Tinubu’s administration.

Its failure of leadership at all levels...
Even the profs are not thinking ...
Why are federal institutions on National Grid..for 40 yrs .?
When they can move to Solar some donkey years back....
Katsina..Sokoto Maiduguri...Zaria etc are in the core North with abundance of sunlight....
My daughter attend a Catholic Boarding school....its all on solar 24 hours...
Most of the Catholic Boarding schools are on solar...

Ebubu8:
Them no like abroad, even if you ask them to base in Islamic nation like Saudi Them go choose one government work for North or Abuja dey.


Their southern mates go japa finish and in 15 years time, all the parastatal heads are Northerners and we should discrimination whereas there is no legible southerner because their northern mates stayed back while they japad.

One story shared by one guy on Nairaland...
Aboki got visa to the US for vacation...
D guy came back after 3 days...
They called from the US embassy for Naija...
Whats the problem ?
He told them the cold was too much ...

OriOko88:

Omohh. That babe fine. Educated northern girls dey fine sha. One thing I observe is Hausa elite's children hardly leave the country. Most of them reside in high brow areas in Abuja. Unlike our southern elite children,any small thing dem don Japa abroad.

Abeg mk Obj reason Kwankwaso and obi mk dem form an alliance in 2027,abi Atiku Obi again. Tinubu go kee us for this country oooo

See how Bukola and igbinedion dey fresh. Igbinedion na his father photocopy sha. Lalami this one no need DNA ooo

Bros...
Hausa no dey japa...
Dey travel. ...they come back
All my MBA lectrurers in BUK Kano
That did their PHD abroad outside ...
came back to lecture locally...

leparj:
No non dividend paying stocks currently
in my portfolio.
The last 4 I exited were
Oando.
DaarComm
DangSugar.
FBNH(poor dividend plus frustration of
multiple shifted payment dates

FBNH(poor dividend plus frustration of
multiple shifted payment dates

nairalanda1:
LOL

Anytime I hear 'new taxes' I want to laugh.

70% Of Nigerians eligible for taxes don't pay taxes. A lot of them think they pay taxes, but it goes into a black hole of corruption. Our tax to gdp is lower than even Niger Republic.

And it has been going on for decades. Our leaders take loans in part because they do not want to santise the tax collection system...because it means taxing very poor Nigerians. It also means sanitsing the black holes...which a good number of them benefit from. Not going to win votes. Not going to keep the Swiss account as fat as a 600 Pound human. That is a big reason why Tinubu takes loans. If he did the right thing, he would get kicked out of office. straight. He would also be making life difficult for a lot of big people.

Sane nations tax everything. IN the UK....as a foreign resident, you still pay tv tax, radio tax and council tax. That is as a foreign resident. I never talk citizens...you pay all that plus income tax. That is a big part of how they get billions to loan us out of our sorry asses.

Nigeria is a broke ass country. I always laugh when people say we need to fight corruption, (and yes, we need to fight corruption), but before corruption, our budget was 35 trillion naira. For 200 million people, that is DARN TOO SCANTY. At the end of the day, the thieves come and steal out of that tiny sum, and thus we get bad government....but even if we stop stealing, we get work to do

The funny thing is that people will start shouting at me and calling me agbado. Make dem continue. Truth is BITTER.

U don start ur tax talk again.....
U want to tax 129 million Nigerians living below poverty line ...
Let me simplify it for you ...
129 million Nigerians are living below $2.15 (3,621.63 NGN) per day..
That's what world bank calls extreme poverty...
If Tinubu now tax the small N=3621.63/day...
Wetin go remain to chop....

Sunrisepebble:
How do people trapped in Dangote Cement come out, im seeing almost 10m units on offer at 431, zero bids

Na siddon look
We dey ..

Streetinvestor2:
Nse wonder.i was actually waiting for the listing of bonus shares of ucapital to drag the price to #10-#12 naira so I could pick small afolabi units to round off a figure. What happened or happening

Oga Emma any insider information as you be non executive member with the company,lol

N10
For where ...
Nobody wan sell...
N20 by Dec
N25 By April

Willie2015:
4 month plus to credit bonus
Thats a good one ...
UCAP should bounce back to 20 +

Back at 17..
Should make N20 by Xxmas

Tayorshd87:
.
But since d removal cannot be reversed so people should die and complaint upon complaint 😲😳

Fine we are human we can err but now they are trying to offer possible way to curb scarcity of fuel and too much demand on PMS .

To me I see it as a way to at least move d country forward since other past administration didn't do it ...

That's how gas started before we forgot kerosin till date .

So if no one started a change then who will start it 🤔

Wrong Solution...
Let FG.. SG...LG concentrate on Rails...
Dats the only antidote to fuel subsidy removal...
U can move the entire masses to using trains...
No one has business driving a car when u have a better alternative...
Fasters..less stressful..Cheaper and
U can use it for goods and human transportation

Tayorshd87:
Bros with time they will expand but at least they are trying to provide solutions for hike in fuel price and demand

With time for where

Tell me what change for good with time in Naija

Bros .this is not the solution to removal of fuel subsidy...

MrPOTUS:
And you think Dangote no get his foremen for these two bodies you mentioned?

U dey yarn like say na one sane country u dey, no be this same naija

After God......

na FG...

Forget all those talks about Alhaji and his foremen....

MrPOTUS:
And you think Dangote will sit idle and allow our refineries work

Wetin Alhaji fit do

If FG and NNPC wants functional refineries.

LadyExcellency:
Dangote is working against Nigerians after using all the country's foreign reserves at the expense of all citizens. So there is nothing bad if he is paid in his coin.

Just imagine all the four ...
refineries are working ...
I doubt if anyone including you will remember Dangote...
Let focus on FG and NNPC and tell them to do the right thing...
Dangote is just a private businessman...
He can make any decision as deem fit...

Sunrisepebble:
I’m yet to receive my UCAP bonus shares. Please, what do I do. This is why I prefer a broker to purchase on my behalf, they handle all the minor details. The time when I decide to purchase through an app this happens

Tell them to send u
ur CSCS Statement ..
U should see it ...once confirmed
Write them to credit you...