GavelSlam:


How can it get to 1000 if it is stable.
It can only do this if it is sliding and rapidly too.
And some of you have no idea what currency exchange means.

So if Buhari by executive fiat decides we do away with the zeros in our currency and the dollar becomes 36 Naira instead of 360 Naira does that make the currency strong?

Yes it makes it strong, Mr. I-know-what-currency-exchange-means.

CodeTemplar:
Local production of yam in Benue or Plateau?
Or
is it the dormants refineries that have defied the presense of Buhari himself.

See, let us argue with facts and our common sense, otherwise we will both be wasting our time.
Yes, local production all over the country including Benue, Plateau, Ebonyi or Oyo state.

The refinery is a National asset and selling or concessioning it, is not something the President can do overnight.
We all agree that Govt involvement in running a state business should be minimised. But you are aware of private investment encouraged by the same FG. Next year, Dangote refinery will come on board. Some modular refineries are under construction with some scheduled for completion by the end of 2018. Whether you agree or not, it does not change the facts. These are projects that are happening for the first time in the history of this country.
Dangote refinery alone will cater for all our local petroleum products need with more to export..

GavelSlam:


I would use Jonathan as a barometer of one's honesty.

Whilst he was in power talks of restructuring were muted until elections were close and once he lost it became amplified.

The north is not Nigeria's problem but the dishonesty and bigotry of many Nigerians.

If I am to test the reversal of your logic upon you now you will realize that your are shooting your leg.
During GEJ's time Tinubu, Utomi, Sagay etc were always writing article about economy, why have they gone silent?
FYI, restructuring gained momentum under Jonathan especially during and after the national conference.

deji17:


See, let us argue with facts and our common sense, otherwise we will both be wasting our time.
Yes, local production all over the country including Benue, Plateau, Ebonyi or Oyo state.

The refinery is a National asset and selling or concessioning it, is not something the President can do overnight.
We all agree that Govt involvement in running a state business should be minimised. But you are aware of private investment encouraged by the same FG. Next year, Dangote refinery will come on board. Some modular refineries are under construction with some scheduled for completion by the end of 2018. Whether you agree or not, it does not change the facts. These are projects that are happening for the first time in the history of this country.
Dangote refinery alone will cater for all our local petroleum products need with more to export..

Modular refineries are some of the few things Buhari inherited and couldn't put a stop to. Govt around the world have stake in approximately 70 of oil businesses. So stop defending a failing govt blindly. Rice smuggling was highest 2018 according to Benin Republic, Niger and Camerounian figures. So what agric output are we talking of? What of yam output? I like to hear about that.

GavelSlam:


They give a lot of report except you've been lost from civilization.

I can only laugh at your likes that think restructuring changes the Nigerian mentality.

Laugh all u want. Restructuring will reduce the focus on oil and spur people to be truly productive and not just oil based productivity we are seeing

CodeTemplar:
Modular refineries are some of the few things Buhari inherited and couldn't put a stop to. Govt around the world have stake in approximately 70 of oil businesses. So stop defending a failing govt blindly. Rice smuggling was highest 2018 according to Benin Republic, Niger and Camerounian figures. So what agric output are we talking of? What of yam output? I like to hear about that.

You can google to find any information you want to see by yourself..

Yes Rice smuggling appears to be on the rise and Custom is working to curtail the new challenges with news of seizure every now and then.

Even OBJ that piloted the affairs of your PDP.g for 8 years , has this to say about the modular refinery.. The enabling environment provided by Buhari is why many investment projects are springing up here and there. It was not a coincidence. Otherwise, they would have happened under dumbo Joe..

Modular Refinery Licence: “PMB Has Succeeded Where We Failed” - OBJ

Published 3 months ago

on February 18, 2018

By Osa Okhomina

Former President Olusegun Obasanjo weekend described as “commendable” the decision by the President, Muhammad Buhari to award operational licences to twenty-two firms for the construction of modular refineries in the country. Obasanjo, who performed the groundbreaking ceremony for the construction of Azikel Refinery, the first private modular refinery in the oil and gas-rich Niger Delta region, admitted that unlike the present administration, 18 of such licences were qapproved under his administration but they failed to actulise it..

The proposed Modular Refinery, which would be built and known as Azikel Refinery is owned by Azikel Petroleum, a subsidiary of Azikel Group of Companies with Azibapu Eruani, an indigene of Bayelsa as its Group President, is located at Obunagha community in Gbarain Kingdom of Yenagoa Local Government Area of the state.

The 12,000-barrels refinery is sitting on a 19.92 hectares of a swampy land that was reclaimed with over 2.7million cubic metres of sand, which dredging lasted nine months and It is expected that Azikel Refinery would come on stream in 2019. Speaking at the event on saturday, Former President Obasanjo commended President Muhammadu Buhari for awarding modular refinery operational licences to 22 firms, including the Azikel Petroleum. He noted that out of the 22 licenced operators, Azikel Petroleum is the only company that had actualized its dream of establishing a modular refinery. The former President said he was delighted at the commitment of Azikel Petroleum, adding that none of the 18 licenses earlier awarded by his administration came to fruition. Obasanjo said, “I have been told that President Buhari and his government gave 22 licences and Azikel Petroleum is the only license out of the 22 that is really actualized. “Before then, we gave 18 and not one was actialized.They gave all manners of excuses including insecurity and oil prices. But those excuses thy give are still there. But they were not genuine entrepreneurs. They were after collecting licenses to get crude oil. And that is why in an occasion like this we should pay special tribute to people like Eruani. “I join you all in thanking President Buhari for giving four licences more than we gave. And he (Buhari) is lucky that he has a man like Eruani to be the only one to actualize” He also commended the Bayelsa State government under Governor Seriake Dickson for creating the enabling environment for the take-off of the modular refunery project. Obasanjo also lauded the technical and financial partners of Azikel Petroleum and advised the Group President of Azikel Group of Companies not to betray the trust and confidence reposed in him by his partners. In his welcome address, the Group President, Azikel Group of Companies, thanked President Buhari for the licence and expressed hope that the refinery project would mitigate the frequent scarcity of petroleum products and curb youth restiveness in Bayelsa and in the region, Eruani, who noted that some youths who would work at the facility were currently undergoing fabrication engineering training in the United States, said that construction and production phases of the refinery project would provide about 1,000 jobs. “Our journey is one with lots of interests and challenges. But our committed drive to industrialize the Nigeria Delta is unwavering. For the first time we will refine crude oil at home. This is the beginning of reversing the incessant scarcity of petroleum products. “But more importantly, this will bring several businesses in the state and in the Niger Delta. We will puts youths to work and we will be engaging communities. This will largely curb youth restiveness”, Eruani said. In his remarks, Governor Dickson said the Azikel Refinery was very important to Bayelsa as the government creates the conducive atmosphere for private sector investment to thrive. Governor Dickson, who at the event signed two Certificates of Occupancy and handed over them over to Azikel Petroleum and Azikel Power, another subsidiary, also commended President Buhari “for finding Azikel Group fit and proper”to be granted licence, stressing that “we expect more of such friendly gestures”. He said that his administration would continue to support the refinery project and any such business ventures that would stimulate economic growth and development in the state, describing Bayelsa as a safe haven for investment. In their separate remarks, the Chairman of the event and former Military Governor of old Rivers State, Alfred Diete-Spiff, Senator Paulker Emmanuel (Bayelsa Central) and former Minister of Petroleum, Edmund Daukoru, said the establishment of Azikel Refinery was the greatest thing that has happened to Bayelsa. They commended the courage and vision of Eruani and thanked Buhari for deeming it necessary to award the company the licence build a modular refinery in the state

https://leadership.ng/2018/02/18/modular-refinery-licence-pmb-succeeded-failed/

GavelSlam:


If Cameroon and Benin Republic encourage smuggling it wouldn't change the government's emphasis on local production and if you have no suggestions on how it can be better managed you should keep wailing.

Exactly!

Increase in local production will bring down the price and make smuggling unattractive..

lilfreezy:


North is our problem simple

You are a problem to yourself