Stats: 3,191,128 members, 7,943,065 topics. Date: Sunday, 08 September 2024 at 02:14 AM |
Nairaland Forum / Nairaland / General / Politics / Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery (12206 Views)
PH Refinery: Marketers Eye Fuel Price Reduction, Ready To Load / PH Refinery: Community Disputes, Spare Parts Mismatch Threaten Dec Target / Police Speak On ₦2 Billion Vote-Buying Allegation Involving Adebutu (2) (3) (4)
Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 4:51am On Mar 18, 2021 |
Project wasteful, senseless, govt beating dead horse, say economists https://punchng.com/experts-carpet-fg-over-n568-5bn-vote-to-repair-loss-making-ph-refinery/
|
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 4:52am On Mar 18, 2021 |
Trump warned Nigerians about voting the incompetent and corrupt dullard for a second term. Still Nigerians voted/rigged him into power. Now $1.5 billion dollars is going to be wasted, with majority of it ending up in the accounts of the useless fantastically corrupt clowns that rule this country. 45 Likes 2 Shares
|
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Racoon(m): 4:59am On Mar 18, 2021 |
Same refinery that never processed any drop of crude oil but consuming unimaginable TAM and other overhead costs? New refineries they promised were never fulfilled but the old moribund ones are just another cesspool of putrifying corruption. What really is wrong with this country sef? 43 Likes 7 Shares |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 5:00am On Mar 18, 2021 |
Racoon: ![]() https://www.youtube.com/watch?v=Wg7lfHL_l1w 5 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by guccimilan(m): 5:02am On Mar 18, 2021 |
2023 Election campaign fund well secured. 31 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Helpfromabove1(m): 5:32am On Mar 18, 2021 |
This year no palliative money to Steal and next general election is coming , from next year they activities for next election will start so they need to steal small money for the boys 13 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Cooldiipo(m): 5:33am On Mar 18, 2021 |
![]() Even the pipes will be leaking by now, let private individual run this place, i don't see how Dangote and his minder will let this place work. We should not waste more money that we don't have, let's sign and agree with the company to repair and run it till they make back the money the use for the repair. I sell external battery for laptop, ten hours plus guarantee. Nigerian govt is not good with business. 10 Likes 1 Share |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by pickatyouu: 5:34am On Mar 18, 2021 |
Looking for money to embezzle as always. Check my signature if you have a car and interested in installing a tracking device. It might interest you 3 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Akwamkpuruamu: 5:35am On Mar 18, 2021 |
Money for the cabals to flex and get ready for 2023. Meanwhile the Rubber Stamp Senate can't question such a wasteful futile exercise and spending. 16 Likes 4 Shares |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by 9jaRealist: 5:36am On Mar 18, 2021 |
> Just sell it (preferably to foreign investors), let the buyers rehabilitate it... ![]() > 2 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by punisha: 5:37am On Mar 18, 2021 |
Ungrateful Nigerians who can't see anything good in what we do... By the time we r done , Nigeria will generate 500bn yearly through pH refinery. We are not corrupt and have never looted Nigeria. Trust me. 6 Likes 1 Share
|
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by SmartPolician: 5:43am On Mar 18, 2021 |
This is an opportunity to continue the looting spree. If Nigeria had this much to waste on a dysfunctional refinery, why not build another one? Year in, year out, these old people budget a lot for the TAM (turn around maintenance) of these refineries and the useless refineries keep incurring losses. Yet, nobody is neither fired nor arrested? This shithole is a joke taken too far. As the two-time petroleum minister, Buhari is a disgrace to humanity. That oldie has been sitting on the industry that gives Nigeria much of its revenue but cannot put it in order. Nigeria got independence earlier than she ought to. Our brains have not developed well enough to understand what it takes to lead a multi-tribal society. What Nigerians knew when independence was handed over to her founding fathers on a platter was parochial leadership among tribes. Little wonder the country struggles to have a strong, visionary leadership and the peoples have failed to deal with tribalism and disunity after living for over 100 years in one enclave. 19 Likes 3 Shares |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by erai30(m): 5:47am On Mar 18, 2021 |
O God! Who Nigeria offend? I just can't wait for this country to be sold to North Korea ![]() 4 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by fedorahat: 5:47am On Mar 18, 2021 |
This is one of the reasons I keep on insisting Nigerian government has no business doing business. They should call different valuers both foreign and local, set up an independent panel from various groups to audit the valuers report. Open a bid for a company to invest in the maintenance and another bid for another couple to manage. The job of government should only be to regulate. When government does business it scares off investors and kills competition. 4 Likes 1 Share |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by gambia(m): 5:49am On Mar 18, 2021 |
This fraud called Nigeria is a complete shithole, if you know, you know. |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by bayoola(m): 5:49am On Mar 18, 2021 |
Please what is the cost of setting up a new refinery ![]() 1 Like |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 5:49am On Mar 18, 2021 |
Sambj01:Two years until 2023 elections and they can't even hide their desperation to cash out in the billion of dollars. Banks in United Arab Emirates,Cayman Islands,Panama and Switzerland can't wait to receive the looted funds. Every Minister is securing their retirement package. Timipyre Sylva and Minister of Petroleum ,Major Retd General Buhari, have secured theirs with the this TAM for PH refinery and Fashola has secured his own retirement package with the Abuja-Kano highway, which costs an unprecedented N2.1 billion naira per kilometre. I expect Lai Mohammed to be the next Minister to secure his retirement package. 5 Likes 1 Share
|
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by defcon4: 5:51am On Mar 18, 2021 |
Yawn...what else is new jare |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 5:51am On Mar 18, 2021 |
RuudVanNisteroy: So what do we do with the refinery So long as the money is used to fix the refinery and it works after 3 years, then good. At least we have an additional refinery for domestic and internantional export. All we also have to do is allow for deregulation , so that enough profit is made to keep the refinery functioning. Then privatise NNPC. |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by amazing101x: 5:52am On Mar 18, 2021 |
if the refinery works perfectly after the repair then the money embezzled won't matter , it will be a great achievement |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 5:55am On Mar 18, 2021 |
Racoon: All because we don't let the refineries be profitable because subsidy. This encourages sharp practices and corruption since subsides as paid by past and present governments prevents actual profits being made.(Right now NNPC is spending much of its money subsiding fuel on behalf of the government and people of this country...at the expense of profit making) Add the fact that the refineries are government run. Whether they work or no, salaries would be paid, and money would be paid for 'maintenance'. That's why this government has to 1.Deregulate 2.Privatise NNPC and the refineries. So that they work for money, and the sabotage and corruption ends..since it would impact their money making capacity. 2 Likes |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by nengibo: 5:57am On Mar 18, 2021 |
The plan is clear, repair it with public fund. Sell it at discounted price to themselves 6 Likes 1 Share |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 5:57am On Mar 18, 2021 |
amazing101x: All in all, they should not embezzele the money, or we put pressure on the next government to investigate. |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 6:00am On Mar 18, 2021 |
Cooldiipo: Well, the refinereis don't work because Nigerians want to buy fuel at N40 per liter, not at the actual market price....and have been doing that for several decades, meaning the refinereis are not making enough of a profit to work properly...and since they are government owned, even if they don't work, money comes in...sigh. |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Enyimbamercedes: 6:02am On Mar 18, 2021 |
You think the repairs has anything to do with having a functional refinery? It is either as a front to embezzle money or to cover up already embezzled money by embarking on a white elephant project like this. In the words of David Cameron... Nigeria is a fantastically corrupt country! Not only our leaders but everyone who still claps and hails them under the guise of patriotism 4 Likes 2 Shares |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Mindlog: 6:02am On Mar 18, 2021 |
Wasteful venture intended to enrich few. 1 Like 1 Share |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 6:03am On Mar 18, 2021 |
Enyimbamercedes: So, what do you think we should do with the refinery? Let it sit down and gather dust.? Let's watch and see. If the thing does not work after three years, we put pressure to investigate the corurpt government. |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Thatnaijaboi(m): 6:06am On Mar 18, 2021 |
I will say this again, the level of corruption that will be uncovered after this government leaves power will make that of Jonathan a child's play |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by Nobody: 6:09am On Mar 18, 2021 |
punisha:
|
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by fortune1968: 6:11am On Mar 18, 2021 |
Indeed , Buhari is a curse to Nigeria . 1 Like |
Re: Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery by whela(m): 6:11am On Mar 18, 2021 |
That's how government cashes out... Not a new thing. 1 Like |
Festus Keyamo: Lagos Judicial Panel Illegal, States Can't Probe Military, Police / Lagos Set To Increase Trips On Electrified Blue Line / Betta Edu: Oyedepo Prayed For Me To Become Minister
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 55 |