Let Every State Own A Refinery - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Let Every State Own A Refinery (492 Views)
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| Let Every State Own A Refinery by Ttalk: 9:30pm On Oct 08, 2023 |
It seems fuel scarcity is here again as the queue has returned to major filling stations across Nigeria. This has punctured the argument that total deregulation will lead to an abundance of refined fuel as many independent players would be willing to put their money into the downstream. Now that subsidy has been removed and filling stations are now at liberty to sell at their convenient price, why is there no fuel? I think it is high time a crude approach is used to solve this perennial problem since Harvard logic has failed us, why not apply local ingenuity to solve our peculiar problem? Allocate a percentage of crude oil to each state and deduct it from its monthly allocation and allow them to build their refinery and sell to their people. Enough of these theories that have failed to yield result 8 Likes 1 Share |
| Re: Let Every State Own A Refinery by Lumarstone: 10:20pm On Oct 08, 2023 |
Especially Oil producing states in southern Nigeria. But corruption wouldn't allow them to build it. 2 Likes |
| Re: Let Every State Own A Refinery by Ttalk: 2:52am On Oct 09, 2023 |
Lumarstone: The years of dependence on oil have done more damage to the Nigerian government and its people and if something is not done urgently the economy will crumble completely. Ironically, oil remains the only weapon Nigeria has to turn the fallen fortune of the country since the past governments have failed to diversify the economy. Rather than share the excess money to state governments that would eventually embezzle it, the government should design a mechanism that would track every allocation going to states and that can be done by tying the money to specific projects such as building refineries in every state 6 Likes |
| Re: Let Every State Own A Refinery by Ttalk: 6:49am On Oct 09, 2023 |
There is no justification for subsidy removal if the state quo would remain.. It would only amount to punishing the masses for the corruption in the oil sector. Government must do give refinery licence to 36 state government for immediate establishment of refinery |
| Re: Let Every State Own A Refinery by EXOUSIAng: 7:39am On Oct 09, 2023 |
Are you talking about same states that are waiting for FG to send pocket money every month. Same states that can't pay minimum wage.... Una go just open mouth waaaaaaaaa. Talk trash |
| Re: Let Every State Own A Refinery by Wisereborn: 7:55am On Oct 09, 2023 |
Ttalk:Why is fuel usually scarce or pricey during December time  Your guess is as good as mine  |
| Re: Let Every State Own A Refinery by Iamanoited: 8:00am On Oct 09, 2023 |
NO. ADOPT FAPRES FOTCS AND CTC FOCS TRFG FIRST. BUT SELL THE EXISTING MORIBUND REFINERIES TO RAD. THEY ARE CERTIFIED NIGERIAN MANUFACTURERS. |
| Re: Let Every State Own A Refinery by plat0: 9:04am On Oct 09, 2023 |
Beer parlour suggestions, can you do a search on how much it costs to build a modular Refinery. State government are not done fixing trunk B and C road, and you're suggesting that they embark on building a refinery. The problem with you internet people, you think it's easy to run a country like Nigeria after decades of mismanagement by previous government since independence, let's assume state governments somehow get the funding to build refineries, how long do you think it'll take the refineries to be up and running from this moment. |
| Re: Let Every State Own A Refinery by Ttalk: 9:22am On Oct 09, 2023 |
EXOUSIAng: I will ignore your rant and break it down maybe you'll be able to comprehend. Your parent has been giving you money to fend for yourself but you complain each month that the money is not enough after lavishing it on frivolous things. Then your dad decided to remove some of the expenses by providing the foodstuff that would last you for a month so you could stop complaining of hunger. |
| Re: Let Every State Own A Refinery by Ttalk: 9:28am On Oct 09, 2023 |
It is high time FG stopped dishing out money to states, instead, FG should give some percentage of crude oil to the state with a mandate on local production. Each state can the form a partnership with a private company to process it. It is easier to siphon state-allocated money than divert oil when private companies are involved 1 Like |
| Re: Let Every State Own A Refinery by Ttipsy(f): 9:36am On Oct 09, 2023 |
Supported |
| Re: Let Every State Own A Refinery by SyrusdeHansome(m): 9:50am On Oct 09, 2023 |
Does every state have crude oil? Or what happens to nearness to raw materials factor b4 establishing an industry? |
| Re: Let Every State Own A Refinery by Ttalk: 10:01am On Oct 09, 2023 |
plat0: I think the question we should be asking is how much-refined oil does each state consume? How much does it cost a state to build a modular refinery? How long will it take to build one? Having answered those questions will open your mind to the inefficiency of the government both at the state and federal levels. Let some percentage of state allocation be tied to commodity |
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