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Nairaland Forum / Nairaland / General / Politics / FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries (16774 Views)
NNPCL To Hand Over Warri, Kaduna Refineries To Private Operators / Warri, Port Harcourt, Kaduna Refineries To Begin Operations By December / FEC Okays N1.4bn For Design Of Dpr’s 12-floor Head Office (2) (3) (4)
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Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:05pm On Aug 04, 2021 |
seunmsg: Wrong move! Why can't they sell it off since Dangote is coming on board? 1 Like |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:05pm On Aug 04, 2021 |
So long as fuel is sold below the cost of refining it, we cannot effectively get the refineries working again. So this is money down a big hole...unless subsides are removed and NNPC is privatized. 2 Likes |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:06pm On Aug 04, 2021 |
1.4 billion dollars to repair refineries? How much to build a new one? Mr Integrity my foot! |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by phemmyfour: 7:06pm On Aug 04, 2021 |
Vickym1:Even after leaving office, it won't work. Wasting of money |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Vickym1(f): 7:08pm On Aug 04, 2021 |
phemmyfour:Is just to syphon the money |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by MrGerald(m): 7:09pm On Aug 04, 2021 |
Avenue to enrich few politicians and contractors, from the time of Obj to today they've been awarding and reawarding this nonsense knowing fully well it won't work, this is how they enrich Emeka Offor, when Obj was asked why he did not arrest him he gave flimsy excuse, "He always have the people and police with him" imagine that from a sitting President |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Coronavirus1: 7:09pm On Aug 04, 2021 |
Election money has just been approved congrats to Apc |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:10pm On Aug 04, 2021 |
Meninmen: A new refinery would cost anywhere from $3billion Dangote's own had an initial cost estimate of $9billion. (3 BILLION of that came from his pocket, the rest from loans from local and international banks) |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:10pm On Aug 04, 2021 |
slawormiir:My nigerr! I love your guts! You de spot Truth! |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by udemzyudex(m): 7:11pm On Aug 04, 2021 |
Another way to steal money. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:12pm On Aug 04, 2021 |
Tbasicme: 1.4 billion won't build a new refinery of the level of the Kaduna and Warri refinery. At least 3 billion would...and it may need as much as 5-15 billion dollars. (Dangote initially budgeted 9 billion for his own ) 1 Like |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Purevibe74: 7:13pm On Aug 04, 2021 |
The money that have gone into rehabilitation work of this refineries put together would have been enough to build at least two or more new ones from scratch but when u have leaders without sense u keep running in circle mind u Nigeria is the only OPEC member nation that import refined petroleum product both PDP and APC na mumu them be with nothing to offer Nigerians than blaming each others without any form of shame bunch of idiots. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by frankzone: 7:13pm On Aug 04, 2021 |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by jamesogunjimi(m): 7:15pm On Aug 04, 2021 |
Refinery that is not working o. Kai! |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:16pm On Aug 04, 2021 |
Purevibe74: Iran is in OPEC...and they also import refined fuel products too, as does Venezuela. 1 Like |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by wpadmin: 7:16pm On Aug 04, 2021 |
slawormiir: Scanning for the lies... Lie not found. Majority of Nigerians are corrupt. The only way out is to create a system that will reduce the corruption to the barest minimum not to totally stop it. 1 Like 2 Shares |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by gigabyte13: 7:17pm On Aug 04, 2021 |
Rehabilitation abi... Another fund to embezzle, how much Dem take dey build a new refinery sef... I wish we have a government in Nigeria |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Ofunaofu: 7:17pm On Aug 04, 2021 |
For how long are we going to keep rehabilitating this refineries Another avenue to loot |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Franking: 7:17pm On Aug 04, 2021 |
Looting galore in full swing. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by jayjaycee0: 7:20pm On Aug 04, 2021 |
seunmsg: It is a bad move. The refineries are complete scrap. It is a move that will lead to futility. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:21pm On Aug 04, 2021 |
gurunlocker: Because a new refinery may cost $15 billion dollars. We need at least 4 of those. For comparison, our forex reserves is 35 billion dollars. Our budget is at 26 billion dollars. The real solution is to remove fuel subsides and allow NNPC run profitably. To the point that it would raise enough money to repair and build new refineries sans government money. But Nigerians want fuel at N20 per liter...so that won't happen. 1 Like 1 Share |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by od501: 7:21pm On Aug 04, 2021 |
lalasticlala: That will be the third time they are claiming to rehabilitate this same refinery. We are here. 1 Like |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by chatinent: 7:23pm On Aug 04, 2021 |
Post-looted and gone. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:27pm On Aug 04, 2021 |
Beancounter94: So if you were a businessman, would you rather spend $1.4 billion to repair 2 old refineries that have defied previous repairs or you would rather build a new one? What assurance do we have that after spending $1.4 billion, the refineries will come back to full functional capacity? This is Nigeria signing a $2 billion dollars to build a pipeline and refinery in Niger republic but we want to use $1.4 billion to repair our comatose refineries. It's a pity! 1 Like
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Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Promzy99: 7:28pm On Aug 04, 2021 |
1x2x3:Lol! I totally understnd ur angle of reasoning, I thought same way too. But 4 d benefit of doubt, I jst choosed to be optimistic 4 once, because I knw election is fast approaching. Am 29 by d way. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by frog12: 7:30pm On Aug 04, 2021 |
no no wetin refinery dey do in KADUNA !!! |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:31pm On Aug 04, 2021 |
MrGerald: Emeka Offor chopped belleful 1 Like |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Gengetiele: 7:31pm On Aug 04, 2021 |
lalasticlala: Children's of hate can never be happy to any good news... |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by Nobody: 7:32pm On Aug 04, 2021 |
They are diverting money towards the 2023 election campaign. Money that can build 2 brand new refineries.Let the looting continue. |
Re: FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries by seyz91(m): 7:32pm On Aug 04, 2021 |
Like 750billion naira temitope27: |
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