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Nairaland Forum / Nairaland / General / Politics / It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu (36351 Views)
Ibe Kachikwu Shakes Baru At The Nigerian Economic Summit, Earlier Today / I Will Resign If Nigeria Continues To Import Petrol By 2019 – Kachikwu / Fashola, Amaechi, Ngige, Onu, Lai, Kachikwu Make Ministerial List - TheCable (2) (3) (4)
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Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by VANHELLSING: 11:14pm On Mar 14, 2016 |
Olukat:They have been infected by dullardism :p 4 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by SycophanticGoat: 11:14pm On Mar 14, 2016 |
Nicur: Abagworo head for redemption? You must be joking.. That one will rather die in falsehood than to accept his wrong doing. Very gambaric (Fulani) in nature I tell you. The devil would rather repent of his sins and give his life to Christ than for Abagworo to change for good.. 4 Likes 3 Shares |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Lebee4(m): 11:15pm On Mar 14, 2016 |
I think we are having more headline readers here than the readers of the main news. after all the explanation made by the minister, I am disappointed by most of the comments on this post. 6 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by shugaboy6102(m): 11:15pm On Mar 14, 2016 |
Controversialad:Nna what has this got to do with the discourse...pls don't appear to be more confused than APC.udo |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by crownwealth: 11:15pm On Mar 14, 2016 |
SycophanticGoat: Who is aba-goro ? Is that a new Gworo from the north ? 2 Likes 1 Share |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by crownwealth: 11:16pm On Mar 14, 2016 |
Lebee4: Haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by SycophanticGoat: 11:18pm On Mar 14, 2016 |
BUTCHCASSIDY: Omo, 2015 was my first time oh my guy but I will go back to staying at home on the election day. In 2011, I escaped death in the north by staying inside the school without voting. I don even tire self. Maybe we go organize party for your house make boys come rock sure babes instead of standing under the sun to vote for these failures called politicians... 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by SycophanticGoat: 11:19pm On Mar 14, 2016 |
crownwealth: Are you firefire? You sounding like firefire... |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Emekamex(m): 11:20pm On Mar 14, 2016 |
Nigeria is fuc(ked), I swear. We have no functional refinery, for a population of over 180 million blessed with crude oil. If we were sane, each state would have atleast one refinery, I am still wondering when we will get it right. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by lordizak(m): 11:25pm On Mar 14, 2016 |
[quote author=OZAOEKPE post=43774492]PMB JUST THEY VIOLATE EVERY PRINCIPLES OF ECONOMICS, HE IS TOO D A F T TO RULE A NATION AS NIGERIA. [/quote Do You listen to yourself when you speak? U should be ashamed of your own daftness. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Werehkpe: 11:25pm On Mar 14, 2016 |
obasiken: Its a pity but it seems you do not read properly before commenting Kachikwu said "AT THE MOMENT" it is not cheaper to import than to refine in Nigeria and this is because the refineries need total overhauling and Turn Around Maintenance TAM I dont see what is wrong with this statement of fact 7 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by klax(m): 11:26pm On Mar 14, 2016 |
I'm not surprise honesty I have said it before and I'm repeating it that more shock are still coming just keep watching. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Abagworo(m): 11:29pm On Mar 14, 2016 |
Nicur: Vanguard lies based on personal verification. I am sure Kachikwu never said what they wrote or they twisted his words to indict him. Everything from me is truth and nothing but the truth. I always put our interest as a nation 1st. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by AngryNigerian(m): 11:33pm On Mar 14, 2016 |
crownwealth: Time don pass my brother!!! But if you start now, dey'l say u r sponsored by PDP " thugs" |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Jimi23(m): 11:34pm On Mar 14, 2016 |
I am beginning to get irritated by the memebers of the FEC in this administration. This statement by Kachikwu makes me view PMB's administration as clueless. Why will KAchikwu make this contradictory statement when fixing old and building new refineries was one of the most harped on campaign promise of APC and Buhari. They should just come out with the truth by telling us that they have yet again reneged on another campaign promise. May God rescue Nigeria. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Positiveminds(m): 11:38pm On Mar 14, 2016 |
To play opposition and run propaganda is not same with governance. Reality is here. PMB and his men should crack it. 2 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Nobody: 11:44pm On Mar 14, 2016 |
Hmm, Mr Kachikwu has the petroleum products importation & subsidy cabal gotten to you finally?? 2 Likes 1 Share |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by BodyKiss(m): 11:46pm On Mar 14, 2016 |
People just feel the need to comment without actually reading the post first. When you read just the headline and comment, you're certainly bound to wail. 5 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by KlausVestner(m): 11:47pm On Mar 14, 2016 |
Wow, with all the respect to a minister ..... I guess someone need to study in an university very hard to be able to isolate the production of petrol and claim that it's cheaper to produce it abroad ...... Okay, I've never studied in an university, so that might be the reason why I think, that the production costs of petrol cannot be seen alone .....what about all the byproducts? What about all the families who can get food, because they're working in such a raffinery inside Nigeria? What about the political aspect to try making Nigeria's economy independent from abroad? And finally, what will that honest minister will tell to the Nigerian citizen when the costs will raise and producing petrol would be cheaper inside the country? In my humble opinion, it's in no way cheaper to produce petrol outside the country ......oh and besides that, are the producers of petrol outside Nigeria all stupid fools for buying oil from Nigeria and resell petrol into Nigeria again? Considering that each member of a government has to swear an oath to do all and everything for the best of the country, this minister I guess should go sit back and do the calculations again under the aspects of Independence, social benefits for the economy, etc. Each single coin what leaves Nigeria is gone .....money what will remain in the country will "work" for the own economy. Those workers in the raffineries will spend their money at local markets for ....hopefully ....buying local produced food and goods and will strengthen the Nigerian economy. I sincerely cannot see any sense to let companies abroad doing the business and harm the own economy. |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Okaka27(m): 11:49pm On Mar 14, 2016 |
obasiken:"pessimists" Fok outta here You bloody wailers that will dissect n criticise any good news that comes out of this current administration 3 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Nobody: 11:58pm On Mar 14, 2016 |
oduastates: If there is any administration that should be tagged a locust administration, it is buhari's administration. The wastage and everything going on in this administration points to the fact that the locust is here in this administration. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by khattab02: 11:59pm On Mar 14, 2016 |
''even if all the refineries are at 100%, they will only produce 20 milions litres and that's about 50 percent out daily comsumption'' chei na die ooooo!!! These refineries needs major overhaul! But how did we come to this? Anyway, we want the better way forward now that will yield positive results and absolve the poor masses from all these sufferings . |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Lamexx(m): 12:04am On Mar 15, 2016 |
Can you imagine. I was hoping with all the noise about buy naira to grow naira, deregulation and subsidy wahala, Buhari will flood this country with refineries to create jobs and boost the naira. So this Minister finally stamped the seal of approval for importation to continue leaving Nigerian youth jobless and hopeless and the importation CABAL wealthy. Chei... I give up. Time to relocate to US or Canada. This country is totally irredeemable. 1 Like 1 Share |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by khattab02: 12:11am On Mar 15, 2016 |
BodyKiss:I tell you! And this has really become a sickness to most Nigerians (Not reading between lines or undestanding). 5 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by MrOdyssey(m): 12:14am On Mar 15, 2016 |
naijagobetter: The country needs deliverance.. naijagobetter: The country needs deliverance.. |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Caution30: 12:20am On Mar 15, 2016 |
How do you create jobs for teeming youth? |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Nobody: 12:24am On Mar 15, 2016 |
crownwealth:I have always said it and people will stone me for it. Deziani chopped money like others before her, but she was the best energy minister Nigeria has ever had: 1. Nigerian owned businesses benefited from this sector more than at any time in Nigerian history. Nigerians benefited in that fuel was affordable under her tenure. 2. There was never fuel scarcity under her tenure. 3. The policy mess Kachukwu and Buhari have embraced (such as having NNPC play greater role in the sector and trying to rely on the refinery) Deziani avoided them. She couldn't hide her own stealing hence she became public enemy number 1. The sector will continue to suffer until the president brings back some of her policies such as having private sector and Nigerians play a greater role in the sector (instead of NNPC and international oil companies, a policy has proven to fail). Anything other than this, we are for a long haul. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Lamexx(m): 12:25am On Mar 15, 2016 |
Emekamex: Do you know, I have always wondered why the IOC's (Mobil, Shell, Chevron and co) don't have a single refinery in the country apart from the one Shell handed over to the govt. Why can't this government give an ultimatum to these IOC to refine 60% of the crude produced in their various fields in Nigeria and export the remaining 40% under the various joint venture agreements with NNPC? Why are we still flaring gas when we can generate massive infrastructure to harness this gas for electricity, heating and cooling. Where did we just get it wrong? I give up walahi. California has 20 refineries, Texas in the US have 25 functional refinery with the largest being the Baytown Refinery (ExxonMobil), Baytown 560,500 bbl/d and Beaumont Refinery (ExxonMobil), Beaumont 344,600 bbl/d. These refineries are owned by ExxonMobil and NNPC is managing to produce a total capacity of 445,000 bbl/d for the whole Nigeria. Why do we have clueless and visionless leaders?? 2 Likes |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Jean2(m): 12:28am On Mar 15, 2016 |
[color=#770077][/color] Emekamex: Wonder wonder wonder wonder, till you turn to wanderer.... If pesin think Nigeria too much e go just peme Me I continue my hussle anyway, help me check here sir => http://jeansunday..com.ng/2016/03/easily-view-your-mobile-device-content.html?m=1 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by delectablegyal(f): 12:38am On Mar 15, 2016 |
Nigeria's economy. What can I say about it? It's fvcked up. |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by quickly: 12:39am On Mar 15, 2016 |
crownwealth: We shd focus on being no 1 exporter of pms in Africa . Dat way u will be getting revenue and also creating jobs. 1 Like |
Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by quickly: 12:40am On Mar 15, 2016 |
If demand invest at least 5 billion dollars . Dat will.solve.d problem. |
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