princejohnard:
An efficient Public transportation is one, building of bridges and roads, water and rural electrification is another.

yashau:

https://nairametrics.com/2023/06/10/tinubus-plans-to-double-nigerias-crude-production-raise-17-4-bn-through-sell-down-of-nnpcs-assets/

Web2020:
What is this one saying? Too many children on Nairaland. Until you show me where you are buying fuel diffently from where we are buying, I will not take you serious

Gaabasky:
Tinubu will not achiev more from this NNPC until he demonopolize them. And he has to sack/suspend many of their ogas if not he is just playing around the bush ni

sotall:


This looks like someone is already stealing Atiku's ideas about selling NNPC.

Let him go ahead but give credit to Atiku who emphasized it.

yashau:
:Obidient must love Tinubu force 🙄 Power is transient in the hands of mortal men, absolute power belong to God.

princejohnard:
During the first industrial revolution, what happened??

ChonchaLib:


Essentially selling off the 55/60% stake held on behalf of nnpc by napims(now nuprc).it never worked because nnpc/napims was never on time or diligent with its cash call obligations. the proportion of ownership in a JV comes with commensurate investment and operational obligations. Something that was never developed beyond paper/mouth.
This was detrimental to the devt of fields/production and also a window for dispute with IOCs. Made Nigerian energy industry not as attractive as it should be.

So Tinubu is telling them to sell off their stakes (very attractive to buyers the world over) who would happily take up the requisite obligations and focus on regulation. At the same time, nnpc ltd is now longer a policy maker (like when napims was under it). Therefore, proper business decisions will be made across the board. Well ideally.

Good thing is that you actually get to invest in producing assets and other prospective ones and thereby increase production. There's also gonna be a few billion usd (the estimated 17.4 in this case) realized from the sale of the JV stakes which will be put to other use. Esp in this post subsidy environment.

So this is fantastic. That 4 million / day was supposed to be accomplished by 2010. Nigeria needs to hit the hydrocarbons market with max production at any given time. Before the window for exceptional profits closes. As we get more African producers on board and anti-oil propaganda picks up in the West.

yashau:

https://nairametrics.com/2023/06/10/tinubus-plans-to-double-nigerias-crude-production-raise-17-4-bn-through-sell-down-of-nnpcs-assets/

Fearyourcreator:

Shutup

Mercylike:


We will be okay if Nigeria becomes better and your life becomes bad...

So keep up with the bad energy...

Blazebond:


Nothing dey ever sweet una for body,na only bad news una want to dey hear and read.

joyandfaith:


Folks said similar things in 2015. Delusional hope!!!

Mercylike:
.. I don't argue with bad luck people

CallofDuty:

That's your contribution!! Nigerians self..he's actually right...Na you be the Ode!

BloomingDale:
I don’t understand half of the write up but it sounds very intelligent. 😀😀

BloomingDale:


Thanks for the explanation. I’m going to have to do a research on what sell downs, selling down interests, JVs and cash calls mean. 😀😀

Dogalmighty17:
For 11 years, a country with a functional Navy lost over 46 billion dollars to crude oil theft. And no chief of naval staff has ever been called to answer, no suspect has ever been apprehended. Exactly how Tinubu plans to stop this, I do not know. But if it is the only thing he achieves together with stable electricity, then he is a god send.

lexy2014:


How are "interested companies" like me?

saysoo:
you do not sell your assets to fund an unaestaio investment. You can't sell your 1.4mbd and you want to produce 4mbd? So OPEC will bow to PBAT?

NOwazobia:
I have been having this same thought for sometime now.


In order to make Tinubu looks like the saviour, his media personnel have been creating lots of propaganda, and even attributing bills signed into law by the immediate past administration to Tinubu, such as the Electricity bill, Subsidy removal, Crypto legalisation and even border opening, which has already started in phases by the past administration.

Allow the man do his thing pending the electoral suit. But trying to white wash him as a genius through propaganda can only last too long, and everything will be once again expose, which will open the so called saviour to more ridiculed.

It is becoming irritating.

starman1:
My nigga,
Make money and attend a business school at the same time.

Stop looking like an idi.ot

starman1:
OBItuary!

starman1:
Technical Yes

They eurozone is even waiting for this as we speak!

BloomingDale:
I don’t understand half of the write up but it sounds very intelligent. 😀😀

starman1:
How can something you don't understand be intelligent?

They say;

1.Nnpc cannot be a player and the referee at the same.
2. Where nnpc invest wey no concern them must be sold

starman1:
Chai don't scatter my head

JV is a business with others
Sell Down - just selling
Cash call - expenses

Chai!

Next time don't insult guys here again.

lexy2014:


Offpoint.

How are "interested companies" like me?

BloomingDale:


Yeah, I did not understand 100%, but I guessed that sell down must be offloading some part of the business. Just wanted to be 100% sure. JV must be an acronym for joint ventures then from your explanation. I would never have guessed cash call was expenses. Lol.

gare:


What he intend to do is Increase our daily production in Crude Oil and Gas which would require lots of investment in the Oil and Gas industries, for us to attain that there would be lots of projects in the industries and which in turn would be creat Jobs.

then for the investment he would reduce NNPC equity by selling of some part to raise the funds required for the investment, instead of borrowing, it is a good idea if followed to the end.

saysoo:
I don't see how that makes an economic sense. Pls more light on Eurozone? And increase oil production too?

gare:


What he intend to do is Increase our daily production in Crude Oil and Gas which would require lots of investment in the Oil and Gas industries, for us to attain that there would be lots of projects in the industries and which in turn would be creat Jobs.

then for the investment he would reduce NNPC equity by selling of some part to raise the funds required for the investment, instead of borrowing, it is a good idea if followed to the end.