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FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery (17058 Views)

Budget Padding: N47.5 Billion For Rehabilitation Of 50 Schools Without Location / FG Budgets ₦5bn For Presidential Yacht / FG Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries (2) (3) (4)

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Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Freethinker87: 5:51pm On Mar 17, 2021
Bestbeelieve:


bet hw will dat solve the problem with many sychophants and back stabbers!

Not an immediate concern. Those who want to support the Govt will fight on the Government's side. The truth remains that this country desperately needs a bloody revolution. The type that compels the Govt to respect the people.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Bestbeelieve: 5:53pm On Mar 17, 2021
Freethinker87:


Not an immediate concern. Those who want to support the Govt will fight on the Government's side. The truth is that this country desperately needs a bloody revolution. The type that compels the Govt to respect the people.

i support a desperate change bu when i look at countries that had revolutions if there is no proper structure or leader like castro it might be a banana republique later.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Nobody: 5:57pm On Mar 17, 2021
Coldie:

What are u even saying?

Listen to yourself talk, d FG revamping Ph refinery is a step in the right direction, this will stop Dangote from having monopoly over the market.

U people can't even think basic things and u are shouting Biafra
The timeline for the rehabilitation is about 4 years(44 months), by then they would have cashed out and be out of power to enjoy their loot. While the refinery remains moribund, and the next administration will come and award their own Turn Around Maintenance (TAM) to chop and quench in 2023.

2 Likes

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by sojfarm: 6:00pm On Mar 17, 2021
Awon arungun

Very wasteful. Who in right senses will continue to fund unproductive venture if not a curse.

I am sure this money is meant to fund terrorism!!!!!

1 Like

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by iwaeda: 6:01pm On Mar 17, 2021
iwaeda:


https://punchng.com/breaking-fg-approves-1-5bn-for-rehabilitation-of-port-harcourt-refinery/

And you will be maintaining something 90% Name for 18 months and the next 26 months to reach 100% in 44 months. Are you not going to shut in down while coupling nuts and bolts? These men reason like toddlers!
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by iwaeda: 6:01pm On Mar 17, 2021
RuudVanNisteroy:

The timeline for the rehabilitation is about 4 years(44 months), by then they would have cashed out and be out of power to enjoy their loot. While the refinery remains moribund, and the next administration will come and award their own Turn Around Maintenance (TAM) to chop and quench in 2023.

And you will be maintaining something 90% Name for 18 months and the next 26 months to reach 100% in 44 months. Are you not going to shut in down while coupling nuts and bolts? These men reason like toddlers!
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Freethinker87: 6:01pm On Mar 17, 2021
Bestbeelieve:


i support a desperate change bu when i look at countries that had revolutions if there is no proper structure or leader like castro it might be a banana republique later.

It's worse than a banana republic right now. The Nigerian state is merely a functional dystopia. Nothing short of a bloody revolution that purges this country of these crop of greedy rent seekers can heal her.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Johnkay225: 6:13pm On Mar 17, 2021
uptimum123:


I disagree

A plan has been laid out to make it work, this also includes inviting the people/company whoi built them in the first place.

With great effort and determination we can make it work. This government has shown in the past what it takes to make things work
Are you serious? Which ones are working under this present administration?? I do really hope this is for real and that the refinery would work but I don't anything coming from present government unfortunately. Until and unless I see a visible change to that..
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Nobody: 6:15pm On Mar 17, 2021
Dubrams:





Your comment shows your education is a waste. What a waste of education. Money spent on your education if invest in cocoa farm would have been better. I pity your kinds. You and all that share your sentiments.


Don't bother replying. I can't waste my energy debating a fool

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Sonoyom(m): 6:16pm On Mar 17, 2021
Standing5:
Dangote is doing a bigger one(650 million BPD) that has fertilizer plant and pipeline of 500km at $12 billion. Subtract the extras and divide by 3 to see what a new PH refinery may cost. They are thieves.
650 million barrels per day? Are you sure it's 650 million or u just dey catch cruise.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Ezmans: 6:19pm On Mar 17, 2021
Standing5:
Can't that amount build a refinery on its own?
watch how the contract I'll be given to there friends
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Awaja(m): 6:21pm On Mar 17, 2021
another looting gate opened

1 Like

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by danietohbadt(m): 6:21pm On Mar 17, 2021
uptimum123:


I disagree

A plan has been laid out to make it work, this also includes inviting the people/company whoi built them in the first place.

With great effort and determination we can make it work. This government has shown in the past what it takes to make things work



18 months plus 24 months rehabilitation work eh.

That's 3 years and 6 months.

By then, Buhari would have left office.

By then, how much are we going to be buying PMS?
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by starstaz(m): 6:22pm On Mar 17, 2021
Better headline should goes thus: 750 Bi naira approves to waste again.

1 Like

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Sonoyom(m): 6:22pm On Mar 17, 2021
Zaggafrank:

Some of you just talk for the sake of it. When I've kachikwu made those proposals, which were approved by the FEC, didn't the Senate block it from taking off? Didn't melaye on the senate floor described it as another means to do the shady privatisation of the past? Even when kachikwu came out to say they were not selling the refinery but returning it to the initial people who built it to refurbish it at their own cost after which they will operate it for some years to recoup their money before handing it back to FG,. The senate still blocked it. Go and check the records
Maybe you should check out the reason why the concession was suspended by the senate because if i can remember the senate said that the observance of corporate governance principles and the country’s extant laws were not followed. The truth is that the Minister made a promise he couldn't bring to reality, making excuses on his behalf is just out of place.
As a leader before making any promise we need to envision the challenges and also have clarity on how to overcome them.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by lamicruz: 6:22pm On Mar 17, 2021
smiley
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by PHijo(m): 6:31pm On Mar 17, 2021
Can they sell the refinery to the host communities for a symbolic 1 Naira?

Let them figure out what could be done.

$1.5 billion is enough to build a new refinery from scratch.

Buhari, Nigeria's petroleum minister should be ashamed of himself.

1 Like

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Burgerlomo: 6:34pm On Mar 17, 2021
Maintenance is the key to every project because if that refinery is getting a proper maintenance from time to time since it was built, then there will be no need to spend this huge amount of money for rehabilitation. If after the rehabilitation and there is no maintenance plan put in place then it will be back to square one.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by saajus: 6:35pm On Mar 17, 2021
Why are we wasting money on a venture that is not profitable? 80% of that money will be stolen by our politicians.

2 Likes

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by eteba(m): 6:40pm On Mar 17, 2021
courage89:
Just a waste of resources. Government should not be in charge of viable assets such as refinery, or any profitable business. Running a refinery requires a very prudent, straight forward structure devoid of government beaurecracy. Decision of type of crude to refine (light, heavy or sour crude), blending process to achieve output optimization and other necessary decisions revolving around profitability of refinery should not be colored with nepotism, incompetence or government involvement.

Please and please, stop this madness of trying to revive the refinery. Sell, lease or joint venture this refinery to capable private companies so that Nigeria can get the best bang for its bucks.
Oil dey ur head
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by nextstep(m): 6:48pm On Mar 17, 2021
1.5 BILLION DOLLARS. If anybody still thinks APC is different from PDP, I have a 100% sure business opportunity for you to triple your profits in 4 days.

2 Likes

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by niyidenrele: 6:51pm On Mar 17, 2021
18 months , 44 months!!..
This is wickedness of the highest order
Imagine, by that time Dangote's refineries would have began production in full force
,Even if Dangote's refineries didn't come on board, do you expect us to wait till whole 3years, before buying Nigerian made fuel ?
Wicked Souls

1 Like

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by juman(m): 6:57pm On Mar 17, 2021
The refinery is dead.

Buhari oleeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.

Buhari is using it to steal money.

2 Likes

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by TheGoodJoe(m): 7:00pm On Mar 17, 2021
Timipre Sylva is a crook.

Instead of supporting local companies to set up modular refineries with this money.

God forbid this administration.

1 Like

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by teejet: 7:02pm On Mar 17, 2021
iwaeda:


https://punchng.com/breaking-fg-approves-1-5bn-for-rehabilitation-of-port-harcourt-refinery/



Which good news?
They should forget about refurbishing!
It's another opportunity to loot!
They should please stop this vicious cycle.
Enough of this senseless looting!

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Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by jeliliadedoja1: 7:08pm On Mar 17, 2021
It only in Nigeria that billions of dollars approves for refineries rehabilitation since 2015 yet Nigeria has always import PMS. May we never have ever have a clueless government like this again.
Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by EMMY76: 7:11pm On Mar 17, 2021
Christistruth00:



As far back as 10 years ago the FG was reliably informed that the Refineries were beyond rehabilitation and new ones needed to be built.

This may be another attempt to Siphon pubic funds for some officials

Buhari only has two years left

Another $1.5b down the drain the cabals benefiting from the rot will definitely not allow the refineries to function to optimum capacity this has been going on since the time of obj.

2 Likes

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Simeon88(m): 7:17pm On Mar 17, 2021
uptimum123:


I disagree

A plan has been laid out to make it work, this also includes inviting the people/company whoi built them in the first place.

With great effort and determination we can make it work. This government has shown in the past what it takes to make things work

Exactly...same way ajaokuta is working 100 percent and all our dead industries under PDP are now up and running abi??.... sense no go kill you
Continue...the devil Know your house address

2 Likes

Re: FG Approves $1.5bn For Rehabilitation Of Port Harcourt Refinery by Simeon88(m): 7:20pm On Mar 17, 2021
iwaeda:


https://punchng.com/breaking-fg-approves-1-5bn-for-rehabilitation-of-port-harcourt-refinery/
Please someone should enlighten me, how much is Dangote building his refinary from scratch?

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