General Ibrahim Babagida, the only military President of Nigeria, he also built the Eleme Petrochemical Refinery in Rivers State, within the 8years he stayed in office.

General Yakubu Gowon built the other three refineries under his 9years in office.

Nigeria have had uninterrupted democratic governance for 24years, yet none of the regimes within this period thought of putting our 4 No. refineries in good shape against all odds, not to talk about building new ones.

A new Modular Refinery will cost between 180million to 250million dollars depending on the capacity. Converting this amount to naira and pegging the exchange rate at 800naira as Government, a brand new Modular Refinery of between 25,000 - 30,000bpd and taking the highest value of 250million dollars will cost the FG 200billion naira, and it takes between 15 to 18months to complete and commence operations.

Very importantly, Federal Govt. said they saved 1trillion naira for 2months (June and July 2023) out of non payment of subsidy on petrol (PMS). I don't know how true this is. Based on this statistics and looking at the time frame between August to December 2023, they would save at least additional 2trillion naira before the end of the year.

This 500billion shared as palliatives to politicians and the 1trillion saved by the FG as a result of 2months of subsidy removal could give Nigeria at least 6 No. new Modular Refineries.

Would this not have been a better solution to the biting economic situation in the short and long term in Nigeria?

What information would have been more soothing in this painful situation, than the FG communicating the construction of these 6No.new Modular refineries to Nigerians and expected date of completion and commencement of operations.

This in reality will revive hope and spurs-up our enthusiasm to persevere, taking into account, the timelines spelt out for these projects to start functioning. This thing are not nuclear or rocket sciences but out of love and determination to make Nigeria better.

At least additional 2trillion naira is expected to come into the coffers of the FG between August to December 2023 as savings, if we continue with this policy, which I do not foresee any change.

Extremely challenging time for Nigerian leaders to determine to deliver on the mandate bestowed upon them by the people. it really inspires reflection.

Copied!!!

Can you guys now see the reason most people are agitating for military government, and why the crook and wicked civilian thieves are kicking against so that they can keep sucking everything dry.

Democracy has brought no meaningful development , nothing they built despite improved GDP. They loot with recklessness , and impunity while using the law court to shield themselves. They claim it is democracy, yet the executive disobey court judgements and orders with impunity.

So, do you now see the reason for the resurgence of military coups in West Africa because that is the only hope of the common masses. This guys have raped the economies of this region for too long and yet, expect not to see rebellion. Is like beating a child and expect him not to cry

Pierocash:
Can you guys now see the reason most people are agitating for military government, and why the crook and wicked civilian thieves are kicking against so that they can keep sucking everything dry.

Democracy has brought no meaningful development , nothing they built despite improved GDP. They loot with recklessness , and impunity while using the law court to shield themselves. They claim it is democracy, yet the executive disobey court judgements and orders with impunity.

So, do you now see the reason for the resurgence of military coups in West Africa because that is the only hope of the common masses. This guys have raped the economies of this region for too long and yet, expect not to see rebellion. Is like beating a child and expect him not to cry

Democracy is a means of allowing thieves go scot free.

Onyiridike:
General Ibrahim Babagida, the only military President of Nigeria, he also built the Eleme Petrochemical Refinery in Rivers State, within the 8years he stayed in office.

General Yakubu Gowon built the other three refineries under his 9years in office.

Nigeria have had uninterrupted democratic governance for 24years, yet none of the regimes within this period thought of putting our 4 No. refineries in good shape against all odds, not to talk about building new ones.

A new Modular Refinery will cost between 180million to 250million dollars depending on the capacity. Converting this amount to naira and pegging the exchange rate at 800naira as Government, a brand new Modular Refinery of between 25,000 - 30,000bpd and taking the highest value of 250million dollars will cost the FG 200billion naira, and it takes between 15 to 18months to complete and commence operations.

Very importantly, Federal Govt. said they saved 1trillion naira for 2months (June and July 2023) out of non payment of subsidy on petrol (PMS). I don't know how true this is. Based on this statistics and looking at the time frame between August to December 2023, they would save at least additional 2trillion naira before the end of the year.

This 500billion shared as palliatives to politicians and the 1trillion saved by the FG as a result of 2months of subsidy removal could give Nigeria at least 6 No. new Modular Refineries.

Would this not have been a better solution to the biting economic situation in the short and long term in Nigeria?

What information would have been more soothing in this painful situation, than the FG communicating the construction of these 6No.new Modular refineries to Nigerians and expected date of completion and commencement of operations.

This in reality will revive hope and spurs-up our enthusiasm to persevere, taking into account, the timelines spelt out for these projects to start functioning. This thing are not nuclear or rocket sciences but out of love and determination to make Nigeria better.

At least additional 2trillion naira is expected to come into the coffers of the FG between August to December 2023 as savings, if we continue with this policy, which I do not foresee any change.

Extremely challenging time for Nigerian leaders to determine to deliver on the mandate bestowed upon them by the people. it really inspires reflection.

Copied!!!

How do you guys think these things, there are 4 moribund refineries that Tinubu needs to to publicly tell us what decisions the government would be taking concerning them, out if the 4 they are repairing 1, there is no public known plan on the remaining 3, what we should be asking Tinubu and his government is what he intends to do with the remaining 3, if they are selling or repairing, but without action plan on the existing 3 you guys are asking they build 6 smaller refineries that would take another 2 years to be completed? What should happen to the current economic realities of Nigerians during the next 6 months not to talk of 2years ? And lastly are asking government to start building business again when the ones currently on ground are being managed terribly?.

Kayyy:



How do you guys think these things, there are 4 moribund refineries that Tinubu needs to to publicly tell us what decisions the government would be taking concerning them, out if the 4 they are repairing 1, there is no public known plan on the remaining 3, what we should be asking Tinubu and his government is what he intends to do with the remaining 3, if they are selling or repairing, but without action plan on the existing 3 you guys are asking they build 6 smaller refineries that would take another 2 years to be completed? What should happen to the current economic realities of Nigerians during the next 6 months not to talk of 2years ? And lastly are asking government to start building business again when the ones currently on ground are being managed terribly?.

Those 6 old refineries were not properly managed and the equipment there have long outlived their lifespan.
Many regime in the past have buried billions of dollars trying to revive them to no avail.
The best solution is to build new ones and sell the old ones off if you are lucky to get a buyer.

Now, the government is not doing anything. What you hear are just rumours.