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Nairaland Forum / Nairaland / General / Politics / Government Has No Business Running Refineries — Osinbajo (354 Views)
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Government Has No Business Running Refineries — Osinbajo by iwaeda: 9:52pm On Sep 21, 2020 |
The Vice President, Prof. Yemi Osinbajo, has said the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them. He noted that experience has shown that refineries were better managed by the private sector hence the need for the government to restrict itself to providing the regulatory framework for such businesses to thrive. Osinbajo said this at a virtual meeting organised for the All Progressives Congress bloggers and social media influencers at the APC National Secretariat, in Abuja, Monday. According to him, it was time for the nation to do more to develop its gas and renewable energy resources which are cheaper and cleaner. He said, “If the refinery is left in the hands of the government, it will continue to experience the same problem it is experiencing now. I do not think that it is the business of the government to run the refinery. It should be the business of the private sector, which is why we are trying to focus on assisting the private sector to develop modular refineries.” Speaking further Osinbajo said, “There is a 100,000-barrel capacity refinery about to come on stream and we hope it will by the next year. It is completely private and closely located near the Port Harcourt refinery so that it can share the facilities of the Port Harcourt refinery. We are hopeful it will come on stream in the first quarter of next year. “There are also six modular refineries that are almost ready. There is Niger Delta Petroleum refinery in Delta state, there is another one in Imo, there is also another modular refinery in Edo State. “We engaged the oil-producing communities to find a new vision for the Niger Delta and we tried to encourage modular refinery that will give the people in the oil-producing states a stake so that the modular refinery is not just private but the people there have some stake and equity. “The whole idea is to support as many private refineries as possible. We are also waiting for the Dangote Refinery with 250,000 barrels capacity which is bigger than all of the government refineries put together. “In the next two or three months, we will see the private sector playing a bigger role and things will quickly improve. We hope that this particular effort will complete the refurbishment of the refineries which will be completed soon but I am more hopeful of the private effort been the key to the future.” https://punchng.com/government-has-no-business-running-refineries-says-osinbajo/ |
Re: Government Has No Business Running Refineries — Osinbajo by obami007(m): 9:53pm On Sep 21, 2020 |
True |
Re: Government Has No Business Running Refineries — Osinbajo by warripekin(m): 9:54pm On Sep 21, 2020 |
Atiku said so and you APC goons called him thief. Yeye government. 3 Likes |
Re: Government Has No Business Running Refineries — Osinbajo by iwaeda: 10:00pm On Sep 21, 2020 |
Realities are dawning on us Lalastic.lala 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by iwaeda: 10:01pm On Sep 21, 2020 |
Realities dawning on us Lalastic.lala |
Re: Government Has No Business Running Refineries — Osinbajo by galaxy2020(m): 10:03pm On Sep 21, 2020 |
You guys just realized? But you insulted Atiku when he said he was going to sale them to private entities to run. Yahoo! Yahoo!! Govt. 2 Likes |
Re: Government Has No Business Running Refineries — Osinbajo by WhizdomXX(m): 10:06pm On Sep 21, 2020 |
Isokay, he simply said the truth. If it was privately owned, the owners would manage it as their own personal business with minimal corruption. But when government managed,some fulani demons will mismanage it, of course because it does not belong them, otherwise they would guard it with their lives.It's quite sad they've employed the help of some betrayers from the Niger Delta to act as Stooges and giving them peanuts to sing their praises, while they stash the money in foreign bank accounts. For all of you, a day of reckoning is coming, for whatsoever a man soweth, so shall he reap. God is not mocked. Nigeria will be Great. 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by slivertongue: 10:08pm On Sep 21, 2020 |
yet govt uses it to steal money 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by slivertongue: 10:10pm On Sep 21, 2020 |
warripekin: APC supporters are like stagnant water. they lack independent and functional reasoning capacity 2 Likes |
Re: Government Has No Business Running Refineries — Osinbajo by Wiseandtrue(f): 10:14pm On Sep 21, 2020 |
VP Osibanjo please please and please, save us this c*ck and bull story At this stage in your mal-administration, we don't want to hear, we want to see!!! 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by Rugaria: 10:14pm On Sep 21, 2020 |
Yeah, that's right! We hear you loud and clear!! Government has no business running refineries.., actually it's the paddy-paddy friends of those in government that have business running refineries!!! Ozuoo 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by tamdun: 10:19pm On Sep 21, 2020 |
slivertongue:PDP better not present atiku come 2023, they better look for credible candidates or else... |
Re: Government Has No Business Running Refineries — Osinbajo by Vyzz: 10:31pm On Sep 21, 2020 |
... |
Re: Government Has No Business Running Refineries — Osinbajo by Maxymilliano(m): 10:35pm On Sep 21, 2020 |
So Atiku was right all along, but was harangued and pilloried for voicing out the ideas of unbundling the NNPC and selling off comatose refineries during the 2019 presidential campaigns. This just confirms that Atiku is a better economist and miles ahead of the ignoramuses, currently managing the affairs of the country. 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by MrTAnonymous(m): 10:35pm On Sep 21, 2020 |
Mtcheew... Incase you don't know na me talk |
Re: Government Has No Business Running Refineries — Osinbajo by osscarr(m): 10:41pm On Sep 21, 2020 |
what atiku saw how many years ago; so na now u dey see am na to share trader money ur sense sabi i taugth they said this man is inteligent professor zombie 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by slivertongue: 10:48pm On Sep 21, 2020 |
tamdun: who do u want |
Re: Government Has No Business Running Refineries — Osinbajo by MsAllison(f): 10:55pm On Sep 21, 2020 |
this Osinbajo is a criminal fake pasta bastard I'm done talking cc solmus |
Re: Government Has No Business Running Refineries — Osinbajo by iwaeda: 11:00pm On Sep 21, 2020 |
slivertongue: They told us one refinery per yesr, what has changed? 1 Like |
Re: Government Has No Business Running Refineries — Osinbajo by Racoon(m): 11:04pm On Sep 21, 2020 |
Wicked Hypocrites! After your government promised but failed to provide refineries as promised? After failing to rehabilitate the old refineries thereby constituting sources of economic wastage? Why was subsidy, TAM & other overhead costs being paid while they remain moribund? Let's be honest with ourselves for once.This is the same initiative someone suggested sometime but these same satanic govt denounced as corruption.So what has happened after many years? 2 Likes |
Re: Government Has No Business Running Refineries — Osinbajo by slivertongue: 12:14am On Sep 22, 2020 |
iwaeda:the don't always mean what they say. their yes means no, their come means go, don't ever take them serious. pyo said many things during the campaigns which I think he knew were misleading. |
Re: Government Has No Business Running Refineries — Osinbajo by HigherEd: 12:16am On Sep 22, 2020 |
Great point. |
Re: Government Has No Business Running Refineries — Osinbajo by Mynd44: 4:39am On Sep 22, 2020 |
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