Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,193,204 members, 7,950,164 topics. Date: Monday, 16 September 2024 at 09:41 AM |
Nairaland Forum / Nairaland / General / Politics / I Admit That We Failed To Give Nigerians Refinery –Kachikwu (13809 Views)
FG Backs New Satellite Pay TV (SLTV) To Give Nigerians Value For Money / Tony Momoh: We Tried Reconciling Obaseki And Oshiomole But We Failed / Ibe Kachikwu Now U.S. Citizen (2) (3) (4)
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by dododawa1: 5:46pm On Jun 08, 2019 |
Thanks GOD,is not TINUBU &BUHARI fault but IPOB. 1 Like 1 Share |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by ArchAngelos999: 5:53pm On Jun 08, 2019 |
tactius: your comment is very one sided. you want to pretend that Nigeria cannot afford refineries until subsidy is removed. what's the cost of refineries compared to the benefits for the populace in the long run? even if we have to borrow won't it be a good investment internally and export wise. we've been borrowing with little to show for it. while i agree that artificially controlling prices scare investors, that is just one side to the discourse |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by COMPAQ(m): 7:13pm On Jun 08, 2019 |
I blame Yar adua for calcelling the sale of refineries by Obasanjo. No matter what private sector ownership is better than public sector. By now we would have forgot that these refineries are not working. The solution is to deregulate and sell the refineries..... alas I fear if anyone would want to buy them now considering that a far more modern and efficient dangote refinery will be your competition. None of us will buy our yams from kogi for N1k and bring them to lagos to sell for N800. Why then do we expect government to do that for us with petrol? The fact that its our resource in the ground doesn't mean that extracting and processing it doesn't come with a cost. We are all rational with our own businesses, but we refuse to be rational with government business. Same goes for electricity prices. 1 Like 1 Share |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by themanderon: 7:24pm On Jun 08, 2019 |
Four wasted years and he is saying it as if it means nothing. In countries where the word "honour" means something guys like this would have committed "Harakiri". |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by darkelf: 9:12pm On Jun 08, 2019 |
This guy should just resign as he earlier promised All these Economic Jargons doesn't put food on the table of the common man |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by hugoboss36(m): 10:08pm On Jun 08, 2019 |
donbachi:...but u still vote them in for another 4yards...sorry...365×4=?? |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by donbachi(m): 10:16pm On Jun 08, 2019 |
hugoboss36:i dey mad? |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by hugoboss36(m): 10:22pm On Jun 08, 2019 |
donbachi:.. ....my brother, those that voted that baba go slow will definitely regret it....can u imagine wat Nigerians are passing through every day... ...may God help us... |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by PeacenLove2: 11:17pm On Jun 08, 2019 |
I can't believe what I am reading |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by Amhappy(f): 2:05am On Jun 09, 2019 |
tactius:From your analysis i observed that the landing cost of fuel never came down. That's shows that even if subsidy goes, the cost of fuel will get higher and remain higher. No competition will bring it down. Believe me there will be no competition sef. The dealers in petroleum products are organised cronies not salt and pepper dealers. Labour union know this and that's why they fight against subsidy removal. We benefit nothing from the government, not light, not water, not security, let them pay the subsidy. The only way forward is local refining. Dangote is already doing a great job. Let the government build modular refinery they promised if TAM is too much for them. Nigeria should save money from the cost of governance or recover all the Abacha loot and use it to rehabilitate the refineries. I knew from the beginning there's not much Kachikwu can do. Government over the years including this one lack the will power to do the needful and for me it's not removing subsidy. |
Re: I Admit That We Failed To Give Nigerians Refinery –Kachikwu by careidon: 8:28am On Jun 09, 2019 |
I still don't agree with the subsidy storyline! NNPC IS JUST A CORRUPTION cesspool - recall the subsidy probe...? You claim no profit for the sellers/importers ; but the pricing template quotes margins for everyone, even bankers (financing costs). The bridging or transport cost is allocated but we all pay our truck drivers before loading at Apapa, and pls show me how many people gets refunded. Recall the probe and top executives fumbling on answering questions like how many liters in a barrel; how much of each refined products should come from the barrel; what happened to other products in the crude swap; HOW MUCH IS REALLY NEEDED TO REFINE, yet NNPC WOULD QUOTE HIGHER spot prices as landing cost (with N13-21 margins) and we believe them. Ask why NNPC engages in SPOT BUYING (and always quoting spot prices as landing costs!) when they have their subsidiary - Duke Oil, to do far lower hedged futures/options pricing? Ask why NNPC refuses to TRULY liberalize/deregulate licensing - only those ready to go with their lies on landing costs are given licenses! What NNPC has spent asTAM on refineries is more than Dangote is spending to build a new one. |
APC: Why We Can’t Convene Emergency NEC Meeting - Eta / Victims Laments As Oil Spill Ravages Rivers Farmlands, Fish Ponds / Ngige: Rising Unemployment Can Wipe Out Nigeria, Elite Unsafe
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29 |