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Nairaland Forum / Nairaland / General / Politics / Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele (5280 Views)
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Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by mdbissalla(m): 8:56am On Aug 09, 2015 |
The Central Bank of Nigeria governor, MrRead More>>> |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 8:57am On Aug 09, 2015 |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Mynd44: 8:58am On Aug 09, 2015 |
Hmmm |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by sluk(m): 9:00am On Aug 09, 2015 |
that's wisdom 4 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Adeyinka12(m): 9:00am On Aug 09, 2015 |
That is nice 4 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Omotayor123(f): 9:00am On Aug 09, 2015 |
OK... Make we dey watch. |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Swaggzkid: 9:00am On Aug 09, 2015 |
Mmaka why? Op you need Moore sleep |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by EdCure: 9:02am On Aug 09, 2015 |
Good policy. It will end the activities of the cabal and stop oil racketeering. 10 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Fairgodwin(m): 9:09am On Aug 09, 2015 |
We're following.. |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by omenka(m): 9:12am On Aug 09, 2015 |
I don't know what the wider implication of this policy would be, but one thing for sure is that it would improve monitoring, transparency and by extension, efficiency in the handling of issues as the relate to the petroleum sector. 15 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by kossyablaze(m): 9:14am On Aug 09, 2015 |
Nice 4 Likes 2 Shares |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by seunmsg(m): 9:15am On Aug 09, 2015 |
It's a good decision in as much as NNPC has the capacity to import and stock the quantity of product required daily in the country. The product is a regulated one so the issue of creating monopoly should not arise. The existing practise of using private marketers to import is just to create jobs for the cronies of government. The racket that the present system created became so big that they were even holding the nation to ransom. If this proposed system is properly implemented, it will go a long way in curbing the corruption that has bedevilled the petrol subsidy regime. Government revenues will be saved and the pressure that oil importers put on the naira will be reduced. Though, some jobs may be lost in the downstream sector. By and large, we should be working towards refining our petrol locally. Importation is still not good for us as a nation. 15 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by asha80(m): 9:19am On Aug 09, 2015 |
We should stop importation of petroleum products |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 9:19am On Aug 09, 2015 |
Typi |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by tucky200(m): 9:21am On Aug 09, 2015 |
Good move....keep on the good work |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by maximilian19(m): 9:24am On Aug 09, 2015 |
It a good one, but when is like dat, did he consider the other side of it, like the increase in price of petrolume products?? |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 9:29am On Aug 09, 2015 |
socialism in d making..aristocrat get ready |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 9:33am On Aug 09, 2015 |
EdCure:How much have you been buying your fuel? Since May 29, we've not been able to buy fuel at govt approved #87 in the whole of the south east. Prices fluctuates between #105 and 110. Even NNPC Mega stations now hardly ever have fuel. It seems we're back to the dark era (obj and yar adua era) when govt subsidized fuel for only Lagos and Abuja, while the rest of Nigeria should go and die. In the last regime, we bought fuel at govt approved prices for the most part, except during general fuel scarcity. Using public fund to subsidize fuel for only Lagos and Abuja, and maybe a few other cities, cannot be said to be fair. It's either the subsidy goes round, as much as possible or they scrap it entirely. And it is possible to go round because it went round in the last regime, just that govt will have to pay more for fuel subsidy because more volumes will obviously be needed. And it is virtually impossible for NNPC alone to supply the the volumes needed to stabilize supply across the nation 5 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by patrickmuf(m): 9:42am On Aug 09, 2015 |
This move should address all the lingering problems in the oil sector... But NNPC have to be ready cos it ain't as easy as it sounds... 1 Like |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by McKren(m): 9:44am On Aug 09, 2015 |
Cutting off imports does not automatically spur local production. We have tried this policy before! There should be genuine incentives to encourage local production before we start cutting off import I am scared of the risk of inflation This is 1984 all over again 1 Like |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by seunmsg(m): 9:47am On Aug 09, 2015 |
Sincere9gerian: After the general election when the fuel crisis was biting hard all over the country, you people came here and told us there was no fuel crisis in the south east. Your brothers told us they buy fuel at unsubsidised rate and they have no problem doing that. So, why are you now complaining? On a more reasonable note, look to the greedy businessmen in your region who are selling the product to you at cut throat prices. Subsidy is paid on all petroleum product imported into the country by licensed importers irrespective of the parts of the country where the product will be sold. 20 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Jesusloveyou: 9:57am On Aug 09, 2015 |
maximilian19:increase ke, that will reduce d price, no cabal will be importing fuel 140 naira again with d hope of getting double subsidy, if nnpc import with 100 naira,we will all know how much govt is paying for subsidy, that will reduce fuel price to less than 80 naira, before coming down to 60 naira when our refinery will be fully working, 3 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 10:09am On Aug 09, 2015 |
seunmsg:Where are you and how much have you been buying your fuel? Simply question! 4 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by gists: 10:18am On Aug 09, 2015 |
For the past 2 or 3 weeks, it been an average of about 5 good news per week if not more. This week is starting with yet another one. wailer are free to hug the nearest transformer. They are now working!! God bless PMB. 7 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by baralatie(m): 10:21am On Aug 09, 2015 |
going back to 1983 tactics 1 Like |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 10:22am On Aug 09, 2015 |
gists:Be realistic bro. NNPC lacks the capacity to be sole importer of petroleum products. 2 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by agriboom: 10:23am On Aug 09, 2015 |
In search of baba go slow ![]() |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by Nobody: 10:24am On Aug 09, 2015 |
gists:How is this a good news? Should we be talking about who imports fuel or how to end fuel importation? Should we be talking about who imports fuel or the price you and I buy fuel? You worshipers at buhari's shrine have taken sycophancy to new heights 2 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by EdCure: 10:26am On Aug 09, 2015 |
Sincere9gerian:Agreed, sometimes I buy fuel for 110Nara as well as the official price of 87. The price fluctuations is not so much a result of scarcity as it is a regulatory and monitoring challenges on the part of the FG (which is yet to stabilise its operations), and the fraudulent acts of the oil cabals and marketers. You will agree with me that we have not faced any product scarcity since the crisis level that Jonathan plunged the nation into in the twilight of his administration. And yes, the NNPC alone can handle the business of fuel importation for Nigeria. What is needed is proper management, patriotism and efficient leadership coupled with functional refineries which I believe will perform at optimal levels in a matter of weeks. One of the cardinal lessons that is learnt from GEJ's misrule is the fact that the business of fuel importation is a national security issue which Nigeria cannot afford to leave in the hands of unscrupulous businessmen and racketeers. 4 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by mdbissalla(m): 10:26am On Aug 09, 2015 |
Jesusloveyou: you are really on point... 1 Like |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by mdbissalla(m): 10:32am On Aug 09, 2015 |
janus05: what does it take to have d capacity? can you pls educate us on it. we are all earssss 4 Likes |
Re: Buhari Wants NNPC To Be Sole Importers Of Petroleum Products – Emefiele by baralatie(m): 10:34am On Aug 09, 2015 |
EdCure:so during Gej administration from 2010 -2014 how often did you experience scarcity. 1 Like |
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