Foreign Engineers billed for N288billions and promised to execute within a year while Nigeria Engineers to collect N99billions with no specific time-frame

http://www.punchng.com/business/business-economy/
nigerian-engineers-to-repair-refineries-for-n99bn-nnpc/


www.iraq-businessnews.com/2014/09/06/repairing-baiji-refinery-to-take-more-than-a-year/

The Nigerian National Petroleum Corporation on
Wednesday said it had engaged the services of in-house engineers to rehabilitate the country’s three ailing refineries at a cost of $550m (N99bn), down from the $1.6bn (N288bn) presented to it by foreign contractors.

The refineries are the Port Harcourt Refining Company, Kaduna Refining and Petrochemical Company Limited and the Warri Refining and Petrochemical Company Limited.

The Group Executive Director, Refining and
Petrochemicals, NNPC, Mr. Ian Udoh, stated that the
corporation resolved to use indigenous engineers
because it could not pay the bills of foreign contractors who were nominated by the original builders of the refineries.

Udoh spoke during a press briefing organised by the
corporation to refute claims that it was indicted by the report of the forensic audit carried out on its operations by PriceWaterhouseCoopers.

He said, “For the three refineries, the estimates going
with the nominees of the original builders of the
refineries would have come up to $1.6bn. But we can’t afford that because we are not going to get any funding from the government for that.

“We examined the work scope and picked up the
essential things that we must do to get these refineries to operate optimally at around 90 per cent of capacity. That was done and we did the pricing template; not the international rates, we used the local rates. And everything for the three refineries combined came to around $550m, which is significant, maybe up to 70 per cent reduction.

“Even the $550m is quite much. So, we amortised it over 18 months so that we will be able to swallow it in bits more easily. The 18 months started since last October and this means that early next year, the refineries should be in shape.”

He stated that the original builders of the refineries were not willing to come to Nigeria but nominated their partners to handle the turnaround maintenance of the facilities.

Repairing Refineries To Take One Year @ N99billions.. ? This johna government sef...!!!

Wonder why the contract was not awarded all this time?

Ah well.....Nigerians!

Modified....They say.....We do not have the money! What do you know!

The Group Executive Director, Refining and
Petrochemicals, NNPC, Mr. Ian Udoh, stated that the
corporation resolved to use indigenous engineers
because it could not pay the bills of foreign contractors who were nominated by the original builders of the refineries.

Udoh spoke during a press briefing organised by the
corporation to refute claims that it was indicted by the report of the forensic audit carried out on its operations by PriceWaterhouseCoopers.

He said, “For the three refineries, the estimates going
with the nominees of the original builders of the
refineries would have come up to $1.6bn. But we can’t afford that because we are not going to get any funding from the government for that.

N140 for a liter of fuel....loading....loading......(We are broke, we are broke, run and panic, run and panic...)

NNPC....we touch your lives in many negative ways.

Reverse refinery ko pull over

Awon wayray!
If I hear una spend one kobo?
Na firing squad una go face!
All these while you lots didn't repair the refinery or build a new one while you are busy looting the lootables and now that it's just days to your exit you want to award contract for repairs!
Thunder go fire una!
Just wait till after may 29, una madness go get cure !

No gree o . Na lie o 283billion





Always check my signature after reading my comment

That should be Buhari's starting point

Abeg any amount e go cost,make una repair that thing fa.

We are waiting...

But all I see is another avenue to loot the already dry Nation dryer


LET'S WAIT N SEE

Ok

G

k

i say lets get it done with foreign engineers.

Many of life's problems requires thinking and strategy and not necessary prayer. Prayer is good nonetheless, but the worst form of stupidity, is to spiritualize everything. Even God himself, has bequeathed on us the skills and gifts to tackle and rise above every problem. He will do his part while we do ours.

99b?

They should do it sharp sharp because it's a long term investment !

If our former political office holders embarked on long term investments and projects like Gej, Nigeria would have been better

Buy Fuel that will last a month and keep for yourself ..they call me Joshua with T.B ..

what?

cashsolo1:
+2348141215447

The Hustle is REAL!

Anyway.....karma , karma.....

Thats the reason why we should not build large stoves again as a nation because we do not have a maintenance culture.

The money Diezian Allison Madueke stole is enough to pay for the repairs of the refineries.

Hmmm