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Tinubu’s Order Won’t End Dangote Refinery Woes – Experts - Business (4) - Nairaland

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Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by ElevationD: 7:12pm On Jul 30
Deal with crude oil thieves.
Increase production capacity to 2m BPD.
Dangote, BUA (with 200 BPD next year), PH, Warri and other refineries, get more supply of crude.
Work on gas production
Improve on revenue from other natural resources,
Deal with corruption in the country very ruthlessly.
Deal with insecurity nationwide
Get farmers to access their land and start massive production of food.

Nigeria without doubt will climb out of the hole.

They know these things, but looting will ever allow them put these things into practice.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Lithiumite: 7:38pm On Jul 30
bemeruca:


he didn't you read? But what happened? APC started a protest. so you cannot fault him

Did GEJ attempt to remove subsidy....yes or no?
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by criuze(m): 7:51pm On Jul 30
We loved Nigeria but the mafias love it more



Dangote should make deal with Author Eze and forget cheap plums from Nigeria
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by leokid866: 7:54pm On Jul 30
MasterJayJay:
I was laughing at the clowns who are suffering from memory loss when they were hailing Tinubu.

Nigeria has sold its crude oil in advance. So where would NNPC get the one they will sell to Dangote?

This is public knowledge. Dangote imported crude oil from other countries because NNPC has sold our crude oil in advance to pay for loans.
who did FG have the forward sale agreement with? Afreximbank.....the same Afreximbank who is to mediat the transactions between Dangote and NNPC.....the new deal now will most likely be an allowance to supply Dangote the crude pegged at a slightly above rate to accommodate interest for the bank.....the Naira value will most likely be BTW 65$ - 70$ per barrel.....NNPC will be off the hook for its forward sales, Dangote will get his crude and Afreximbank will get to charge interest on sales without having to deal with cost of export and as the bank they will monitor sales receipt and still be able to charge on bank Transaction along side Access bank which is the local bank and also represent Dangote as his bankers.....
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by wealthyhenry(m): 8:08pm On Jul 30
Angelfrost:


In trouble?!!

Nah... Nigeria is not in trouble!

Not anymore!

We were in trouble under Buhari... He took us beyond that.


Nigeria might actually be DOOMED! Irreversibly damaged for generations yet unborn.

grin
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by bemeruca: 8:26pm On Jul 30
Lithiumite:


Did GEJ attempt to remove subsidy....yes or no?

I already showed you he removed the subsidy but your guys including tinubu organized a protest. i already show you he removed fuel subsidy and then put it back when the nation protested.

ask yourself when no protest when tinubu removes it? Tribalism right?

Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by nuruajao: 10:19pm On Jul 30
[quote author=tifirmuny post=131226372]They used all the crude oil up to the ones still underground to borrow loans. Guys Nigeria is in trouble
Seriously in trouble Big trouble kwa
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Fidecoo(m): 1:08am On Jul 31
FreeStuffsNG:

Smh. Absolute bunkum! Awon olodo 'experts'.

Watch how other olodos reading this junk report will not bother to find out that the 'expers' are mediocre. This news media and whoever unleashed this kind of mediocrity on the reading public should be reported to the professional body for appropriate sanctioning. This is completely objectionable and upsetting!

It is unapologetically mediocre that a supposed newspaper like dailypost report is quoting our oil production at 1.2m bpd and repeating such an obsolete information to mislead and prove that the 'expert' is a quack for not knowing that Nigeria is currently producing over 1.6m bpd! Experts indeed!

Awon olodo upon 100 gbogbo. This is why those in government never take them serious, they know that those criticizing them are ignorant and lazy. At the current rate of over 1.6m bpd, NNPCL supplying 450,000 for the whole year is small and no big deal. The koko is in helping these local refineries get the crude in naira instead of struggling for forex upandan.

Nigeria can conveniently deliver that 450,000 barrels in a year to help the local refineries get a headstart.

It is only those who are ignorant about the topic and too lazy to engage intelligently who are uncouth and destructive to our collective creative minds but we must resist them and their toxic unpatriotic destructive upbringing and actions.

May God bless Nigeria for ever! Check my signature for free stuffs!
,

No worry,
Very very soon that money wey them take buy your conscience go soon finish.
You sef go follow us ,see and feel wetin we dey see in this our country nigeria.

No matter how bad and wrong the current situation of this country cause by the incompetent ,greedy, selfish and useless leaders in tinubu's regime, you will always come here to paint it right.


E go soon clear for your eyes
If hunger doesn't get you to ,
One day ,economic frustration or insecurity will surely hit you or your own.
Go and ask Rarara, the buhari praise singer.
The kidnapping incident on his mum most have taught him a lesson.

Very very soon, you will soon be inline.
Conscience seller
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by caye(m): 1:14am On Jul 31

There is only one long term solution, we need to invest massively in crude oil production. We must get our daily production to something around 3m bpd if we truly want to sell at a pegged Naira price to Dangote without any backlash. For now, we will keep blowing grammar without any movement.


Everyone, do you remember when fmr. President Buhari was bleating up and down, that we need to move away from oil, but instead put in place a more powerful cabal loyal ( maybe) to him and his ethnicity?

Suddenly, no one is talking about, "Move Away from oil" again.

Bunch of sick, evil, twisted men.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Lithiumite: 1:46am On Jul 31
bemeruca:


I already showed you he removed the subsidy but your guys including tinubu organized a protest. i already show you he removed fuel subsidy and then put it back when the nation protested.

ask yourself when no protest when tinubu removes it? Tribalism right?


If you supported GEJ for removing it,them why do you have a problem with tinubu for doing same......intact you are supposed to be happy GEJ has been vindicated.....subsidy removal no matter who did it will have same effect on the economy.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by bemeruca: 1:57am On Jul 31
Lithiumite:


If you supported GEJ for removing it,them why do you have a problem with tinubu for doing same......intact you are supposed to be happy GEJ has been vindicated.....subsidy removal no matter who did it will have same effect on the economy.

I am not in support of that. I am pointing out that haters who are angry a man from Bayelsa is the president all cried when he did what they wanted to do. only to enter power later and do it. Jonathan was weak and bad because he did not remove the subsidy. these are people who cried when he removed the subsidy and made him backtrack on his actions.

Today, what is happening? everything is worse.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Lithiumite: 3:48am On Jul 31
bemeruca:


I am not in support of that. I am pointing out that haters who are angry a man from Bayelsa is the president all cried when he did what they wanted to do. only to enter power later and do it. Jonathan was weak and bad because he did not remove the subsidy. these are people who cried when he removed the subsidy and made him backtrack on his actions.

Today, what is happening? everything is worse.

You are still bringing ethnicity into a problem that affects everyone whether in bayelsa or in Lagos....GEJ has long moved on and you need to do same.subsidy removal is the best option,now we are beginning to look inwards into seeing how we can refine our own crude which will be better for our economy on the long run but we were enjoying cheap fuel for too long we lost our senses.....GEJ wasn't bold enough,you need to appreciate this once for at least being bold...... everyone knows subsidy removal won't be easy on the people.

What are your governors doing,how much are they investing in agriculture and economic empowerment of the people.....we really aren't focusing on the really important issues..... there is no food in the land that is the primary problem but no,they are busy chasing shadows.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by bemeruca: 4:17am On Jul 31
Lithiumite:


You are still bringing ethnicity into a problem that affects everyone whether in bayelsa or in Lagos....GEJ has long moved on and you need to do same.subsidy removal is the best option,now we are beginning to look inwards into seeing how we can refine our own crude which will be better for our economy on the long run but we were enjoying cheap fuel for too long we lost our senses.....GEJ wasn't bold enough,you need to appreciate this once for at least being bold...... everyone knows subsidy removal won't be easy on the people.

What are your governors doing,how much are they investing in agriculture and economic empowerment of the people.....we really aren't focusing on the really important issues..... there is no food in the land that is the primary problem but no,they are busy chasing shadows.

I am not the one bringing that. I am merely telling you how they were against him Because of tribalism
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Lithiumite: 7:06am On Jul 31
bemeruca:


I am not the one bringing that. I am merely telling you how they were against him Because of tribalism

You using the tribalism statement to explain what happened in 2012 is the same reason tinubu's people would want to protect him also .... instead of everyone rallying together to demand for accountability and good governance.....what happened to GEJ was purely politics and he lost out because he wasn't too adept in the game.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by bemeruca: 7:36am On Jul 31
Lithiumite:


You using the tribalism statement to explain what happened in 2012 is the same reason tinubu's people would want to protect him also .... instead of everyone rallying together to demand for accountability and good governance.....what happened to GEJ was purely politics and he lost out because he wasn't too adept in the game.

Tinubu and his people engineered a protest against him and now they are saying we should not protest for the hardship. It's tribalism
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Apel147(m): 7:43am On Jul 31
Obi still won't be president 😜

AqualinaXYZ:
Tinubu is useless



Old fool
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by Lithiumite: 9:03am On Jul 31
bemeruca:


Tinubu and his people engineered a protest against him and now they are saying we should not protest for the hardship. It's tribalism

Keep going round in circles and expect different results....then when it's others turn,the other tribes too will gather against him....an eye for an eye will make the world blind......hunger knows no tribe or religion,all the politicians from all the different tribes eat on the same table and laugh at you for fighting yourselves over tribalism.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by obama30: 1:31pm On Jul 31
Islie:


https://dailypost.ng/2024/07/30/tinubus-order-wont-end-dangote-refinery-woes-experts/

Dangote refinery with the same Dangote monopoly.
Monopoly is the only thing causing problems between Dangote and NNPC, If the federal government and Dangote want best for Nigerians they will follow the same measure used in the Electricity section. IPP produces and supplies to private distributors, from distributors to the government, then governments supply to the masses.

What will happen if the federal government is in charge of crude supplied to Dangote refinery, even if it is 1 million barrels or 650K barrels every day, all the refinery knows is that they are getting their daily supply from FGN whether they get it from Nigeria or heaven is not their concern. And if it comes out that the refinery management knows where to get the oil cheaper than Nigeria when Nigeria crude is not available, they will inform the government department in charge of supplying them, so the government can get it cheaper and also supply them with a discount.

On the other hand after refining the oil, FGN through NNPC buys the refined oil and continues to supply to the both local and international market as they are doing already. This process cannot stop the refinery from making their money. Because after oil is refined, other things are still coming out which also add big money to the refinery pocket. Depending on their agreements the refinery doesn't need to pay money to the supplier before getting the crude because the refined crude will be supplied back to the same government sector while the government sector pays little money to the refinery, this little amount is added as the refinery selling price to the government. This small amount can runs into billions of naira, for example that governments supply 1 million barrels at price of N750 per barrel, know it that 150 liters make 1 barrels of crude oil, let it be that the refinery supply back to the government at 400 naira per a litter, after the calculation the refinery will still make big profit, oil can be measure per barrels when selling from crude but cannot supply per barrels after refined.

This will save Dangote from headache and also save Nigerians petroleum marketers and Nigerians from the Dangote monopoly which is all his struggling to gain ground to start doing through the refinery.

If the federal government can do it in the electricity sector why not apply the same to individual refineries? or the owners now above the law that their investment cannot pass through rules without monopoly that will suffer Nigerians.

If handling the individual refinery is a big issue to the government, why can't the same government quit from handling electricity so that independent power producers can sell their generated electricity to the masses at the same cheap rate they supply to the government and make their money too.
Re: Tinubu’s Order Won’t End Dangote Refinery Woes – Experts by bemeruca: 7:27pm On Jul 31
Lithiumite:


Keep going round in circles and expect different results....then when it's others turn,the other tribes too will gather against him....an eye for an eye will make the world blind......hunger knows no tribe or religion,all the politicians from all the different tribes eat on the same table and laugh at you for fighting yourselves over tribalism.

You are not capable of comprehending anything

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