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Nairaland Forum / Nairaland / General / Politics / Why Is Nigeria Importing Fuel? (660 Views)
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Why Is Nigeria Importing Fuel? by dazzlingd(m): 6:57pm On Jul 24, 2023 |
Please who has an answer to this? We have crude oil. Why is Nigeria not refining its petroleum product here in Nigeria We export crude oil to earn foreign exchange and import the refined products using same foreign exchange? What exactly is the problem? Saudi Arabia for instance has crude oil and refines its oil. Not just Nigeria, Africa countries are usually sources of raw materials but end up importing finished products. Why is this? Why are we still unable to refine our crude oil since 1956 that oil was discovered in Nigeria. Is Nigeria cursed? Is it our topography that’s not good for refining? Is it our weather? Or we don’t have the technical skills? Or just corruption ? Seun mynd44 naptu2 OAM4J Pls help, we need answers 2 Likes |
Re: Why Is Nigeria Importing Fuel? by Puss360(f): 7:01pm On Jul 24, 2023 |
Stop asking irrelevant question.. try to make your findings... Do we have a functioning Refinery to "refine" the crude oil we produce?? If no, then we have to "Sell" the crude oil then "Buy" Fuel back to the country... 4 Likes 2 Shares |
Re: Why Is Nigeria Importing Fuel? by dazzlingd(m): 7:03pm On Jul 24, 2023 |
Puss360: Does that make sense? Why are our refineries not functional ? Since 1956 3 Likes |
Re: Why Is Nigeria Importing Fuel? by Righthussle: 7:03pm On Jul 24, 2023 |
dazzlingd: The countries we buy refined fuel from are behind it. 1 Like |
Re: Why Is Nigeria Importing Fuel? by dazzlingd(m): 7:04pm On Jul 24, 2023 |
Righthussle: So they have taken us hostage, why can’t we free ourselves from their slavery? |
Re: Why Is Nigeria Importing Fuel? by Righthussle: 7:05pm On Jul 24, 2023 |
dazzlingd: It's called neo -colonialism. We can't free ourselves. |
Re: Why Is Nigeria Importing Fuel? by Franzinni: 7:12pm On Jul 24, 2023 |
On this topic, everybody is an expert ... But nothing changes 1 Like |
Re: Why Is Nigeria Importing Fuel? by ednut1(m): 7:15pm On Jul 24, 2023 |
dazzlingd:the people benefiting from it are the elite and politicians. They are in bed with the western powers. But guess what the average man that should protest or vote against them will support and kill for them 😂 2 Likes |
Re: Why Is Nigeria Importing Fuel? by Puss360(f): 7:17pm On Jul 24, 2023 |
dazzlingd:There were... But lack of maintenance... And from reduced productivity to total non-producing industry... That's why sometimes you hear "Reviving our Refineries"... 1 Like |
Re: Why Is Nigeria Importing Fuel? by dazzlingd(m): 7:35pm On Jul 24, 2023 |
Puss360: Why did crude oil extraction not suffer same fate as refining process? We know how Nigerian government do everything to protect oil extraction 2 Likes |
Re: Why Is Nigeria Importing Fuel? by dazzlingd(m): 7:37pm On Jul 24, 2023 |
ednut1: I pity the masses that were celebrating dangote refinery. I believe the same people behind the failure of Nigerian refineries are the ones that own Dangote refinery. Dangote is just a representative of all stakeholders of Dangote refinery. They are the ones eating Nigeria and sucking Nigeria dry while the masses suffer 1 Like |
Re: Why Is Nigeria Importing Fuel? by ednut1(m): 7:46pm On Jul 24, 2023 |
dazzlingd:most of the crude oil extraction is done by shell- uk owned, chevron Usa owned , mobil usa owned , total french owned ( . Government did not allow them get into refining during Gowon era so they focused on that one. While we destroyed the refineries slowly. We lack the technological capacity plus our inbuilt corruption and corner cutting. 2 Likes |
Re: Why Is Nigeria Importing Fuel? by Puss360(f): 7:48pm On Jul 24, 2023 |
dazzlingd:When you hear of corruption in the oil sector... Oil extraction is almost expense-free in the Nigerian government part.. they pay almost next to nothing for the extraction instead we collect tax from companies coming to extract... Now, those revenues are very large... Okay, use those revenues to develop and maintain our Refineries, no way.. stories upon stories... Initially, when those Refineries were functioning we were having enough petrol for our local consumption... But due to lack of maintenance, those Refineries began to underperform/under supply while our local consumption increases with our population, forcing the NNPC to buy "Refined crude (petroleum)" from outside to meet local demands.. So that's where we are today.. Fun Fact, most of those countries we buy from, don't produce Raw Crude oil as much as Nigeria.. but they have functioning Refinery... 6 Likes |
Re: Why Is Nigeria Importing Fuel? by raskymonojendor: 7:49pm On Jul 24, 2023 |
dazzlingd:Refinery? Even if we have, we might still need to import to supplement what we have. Canada is one of the biggest producer of crude in the world and still imports refined petroleum. 1 Like
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Re: Why Is Nigeria Importing Fuel? by Puss360(f): 7:51pm On Jul 24, 2023 |
dazzlingd:Actually Dangote Refinery is not really a bad thing, it's just that it's capacity is very small as compared to what we consume... But Dangote is a businessman, so he's not in anyway helping Nigeria... It's just that he has brought a Refinery closer to us... 2 Likes |
Re: Why Is Nigeria Importing Fuel? by johannu(m): 8:07pm On Jul 24, 2023 |
dazzlingd: It's because we the Nigerian people are terrible human beings. |
Re: Why Is Nigeria Importing Fuel? by tollyboy5(m): 8:14pm On Jul 24, 2023 |
Puss360:dazzlingd Just hustle so you go fit buy fuel. Dangote refinery will drastically reduce importation. And also i think our refinery are working not just producing enough capacity. |
Re: Why Is Nigeria Importing Fuel? by dazzlingd(m): 8:20pm On Jul 24, 2023 |
tollyboy5: Lol |
Re: Why Is Nigeria Importing Fuel? by dazzlingd(m): 8:22pm On Jul 24, 2023 |
raskymonojendor: At least Canada still refines its crude oil. Nigeria is incapacitated in refining capacity. Not to talk of a country that is highly dependent on import |
Re: Why Is Nigeria Importing Fuel? by fineboynl(m): 9:09pm On Jul 24, 2023 |
Just like the water cooperation. The technology is outdated and lack maintenance. They ain’t functioning anymore. 1 Like |
Re: Why Is Nigeria Importing Fuel? by OneCandleAway(f): 9:42pm On Jul 24, 2023 |
raskymonojendor: That's because they don't want to use all their stock when affordable petroleum is available. These countries plan for future generations. They have plans for the best 100 years to make life easy for the peopl5 2 Likes |
Re: Why Is Nigeria Importing Fuel? by kushme: 12:20am On Jul 27, 2023 |
Righthussle: I heard one oil and gas expert saying this. He called some young european billionaires from countries like Switzerland and the rest.. |
Re: Why Is Nigeria Importing Fuel? by worksmart(m): 10:55am On Jul 27, 2023 |
Nigeria doesn't import as much fuel as the government would like to have us believe, if at all. We have four major refineries still functioning and many more modular refineries. The propaganda about fuel importation is to justify high price of fuel. there was never anything like fuel subsidy . So they can keep hiking the price of fuel and call it subsidy removal. The politician saying fuel subsidy is organised crime are almost telling you the truth although they are trying to deceive us into believing that fuel was subsidized and the subsidy needs to be removed. The concept of subsidy and subsidy removal is the scam and the organised crime. 3 Likes 1 Share |
Re: Why Is Nigeria Importing Fuel? by worksmart(m): 10:58am On Jul 27, 2023 |
Yet mere individuals are able to build "illegal" refineries in Nigeria, that the government send the military to destroy. Think again! fineboynl: 2 Likes |
Re: Why Is Nigeria Importing Fuel? by ivolt: 5:52pm On Aug 14, 2023 |
worksmart:Stop being deceived. Cooking crude oil inside metal drum is not refinery. Secondly, those guys don't buy crude, they steal it and cook it, making 100% profit. |
Re: Why Is Nigeria Importing Fuel? by worksmart(m): 7:56pm On Aug 14, 2023 |
Have you tested the finished product? So it is only a refinery if you say it is? May be are not permitted to buy the crude. Do you know more than 99% of crude stolen in Nigeria oil is stolen by foreign oil companies that extract the oil from the ground as well as corrupt officials . The point I am making is that refining crude is not rocket science and the narrative that our refineries are not producing sufficient fuel is very much false. ivolt: 1 Like |
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