Warri Refinery Will Create Competition With Dangote Refinery- Oil & Gas Expert | Lunchtime Politics

[@stephenajinde9598]

Thank God!!!! May the evil old days of fuel importations never return ever again. AMEN 🙏!!!!!!!

[@saintejiksmithz8428]

All thanks to Dangote for shaming them into suddenly reviving all the dull refineries that were eating up all investment funds. Please let’s someone start the steel industry! We really need it by all means!

[@Me19011]

Dumbest as usual. They can’t stand good things coming from this government. Good 16 years Pdp can’t maintain the 4 fineries. In less than 9 years APC under PMB & PBAT. Mumu instead of giving kudos whining as usual 😅

[@Me19011]

Mumu

[@saintejiksmithz8428]

@@Me19011Smart guy! Read well 😂

[@ayodelesofola9556]

Events like this should have been done on a very low key, what a shame that something as easy as this, has been neglected leading to millions of lives being lost.

[@corporatelagosnaija]

Getting more refineries is definitely a good idea but promoting it as a competition against Dangote refinery is in my opinion counter productive to us as a nation especially against the daring success of the private sector - Living Legend Dangote!

[@DonaldOYewande]

That mindset is good for consumers. True competition leads to good pricing for consumers. Have you forgotten the bad days of MTN dominating the Telco space?

[@john-tr8jy]

@@DonaldOYewande microeconomic principles aren't active in Nigeria. Everything is a hustle. Only thing that's active in NIgeria is inflation due to greed. Check any saturated market in Nigeria. More supply does not always mean lower prices, especially in a country highly dependent in import.

[@AziengbemiJustice-tw2ch]

There's enough market for petroleum products across West Africa. One refinery can focus on domestic supply, while the rest can serve the export market.

[@barclay1214]

You are wrong !!! See how the mafia style oil industry was able to cripple Nigeria for years !!!! The other west African and Central African countries are also bugged by mafia style oil companies that siphoned public money for individual interests. Buying legitimate products such as Dangoté oil products is not what they want ….!!!

[@Nsibidiimohtep-pf9gh]

We have to have others in to the system asap and steel plants and energy

[@azzariomaperdijbssa]

This is holistic analysis 🎉

[@Me19011]

Thank you PMB & PBAT🎉🎉🎉🎉happy new year 🎉🎉

[@victorashong7429]

Nigeria needs a well planned and well co-ordinated from both the Nigeria government and the private sector to produce a good quality, constant production of oil products, In the west African region alone there's a huge market to buy from Nigeria because of close proximity to all these countries and even outside the west Africa region there's a big market as well so this is not the time for you Nigeria to start infighting about oil refinery. I'm yet to hear from you Nigerian how you are going to come together and do the right thing to benefits all Nigerians. Time is running out on you Nigeria to be taking all the time without action, put your ideas into action, enough is enough for for all the experts advice.

[@mickyarams]

Well said!!

[@olayinkaadeleye3134]

Area II and Area III - When will they be restored. They need to complete the work on all these refineries and divest at least 51%.

[@IsmailIshaqAdam]

Good work

[@sunnyking7802]

Thief's, dangote put them on the run

[@john-tr8jy]

We will only relax when it actually starts working. Even that is not enough. I need to see it function months and even years after revival for me to be at ease.

[@daramolaaramide887]

@channel please get a better microphone and a better video camera

[@Nsibidiimohtep-pf9gh]

They should have refinery for 33M barrel's per day

[@DonaldOYewande]

And this man is an oil and Gas expert? Saying the NNPC that we own and crude oil that we own? Do we really fully own NNPCL? No, what we used to own is NNPC sir.

[@nickagule1747]

@@DonaldOYewande so who owns NNPCL? Not MoFI? And who owns MoFI? You can ask when confused but not grandstanding

[@afemesanmelodies5231]

"that we own" is relative. Even Dangote refinery can be described as such depending on the context

[@john-tr8jy]

In civilized countries, when energy prices fall, everything else tends to fall. In Nigeria, economic principles don't apply. Prices only go up!

[@stakeudezi9820]

WHAT IS THE QUALITY?? Can they confidently export their refined products and bring back FX like Dangote has started doing?? Or are they seeking to be self sufficient by ripping Nigerians off because govt have ordered that importation be stopped? Nigerians understand the details

[@razaqmuhammadjamiu1249]

Okay

[@adeaderogba2991]

Its a win win situation. If the nationally owned refineries can supply 100% local demand...dangote can export all /most of his output to earn forex. This will benefit the country no end

[@ayodelesofola9556]

its actually lose lose, do you know how many uncountable lives have been lost as a result of this wicked act. Restore Nigeria's glory what a joke

[@AA-vl7kz]

Reducing the price will encourage the smuggling of the product out of Nigeria to the neighbouring countries. Who will benefit?

[@AdurosakinGaniyu]

As far as there is no subsidy export Wii not affect the economy

[@persiusonime1509]

The prices will be market reflective. We're going to be competing with international refiners

[@babacargueye5343]

All of sudden all these refineries that were let for death are resurrected 😅 What game are they playing again to con Nigerians people? I mean the NNPC of course

[@afolabitoye4393]

Are you talking about games played by previous administrations?

[@adeaderogba2991]

New government, new impetus perhaps?

[@richard112360]

This man is clueless, Dangote's 650,000 refinery will dictate the price of PMS, all the other NNPC managed refineries will be followers of Dangote's pricing methodology.

[@nickagule1747]

NNPCL's 445kbpd is enough to fulfil domestic demand so if DR prices high, they'll lose the market. Does that offer you a clue?

[@olawaleoladele604]

The boldness with which some nigerians can claim wrong things is always astonishing 😂

[@richard112360]

@@nickagule1747 Dangote's refinery will determine PMS pricing, he has done so with cement, sugar and salt. NNPC has not a clue about who they are messing with.

[@AdeAladejareRealEstate-k4w]

@@richard112360 He doesn't have crude!!

[@yellowhat123]

NNPC refineries even if it is just PH refinery will determine the domestic price of fuel.Except the refinery does not operate at full capacity

[@MrColonpowell]

The whole game is to prevent Nigeria from producing it's own energy supply. These refineries have come on too quickly to be for any other purpose than to check Dangote. The idea is creating a oil, or steel refinery should be the most difficult thing to achieve in Africa. It should be so difficult that it is impossible. This way Africans cannot build without importing raw materials & energy from outside of the continent. So the strategy here is to out-compete Dangote. To the point that his refinery is not profitable. At which point it will close, and be absorbed by the government. Once this is done, corruption and mismanagement will ensure it all collapses, and Nigeria is back to importing energy, raw materials, and refined products. The game is simple. The Western mandate is that somewhere must occupy the bottom rung of the pyramid, and that place is Sub-Saharan Africa. The rest of the world don't have much of a problem with this also. They (Russia, China, India) may help if it serves their own interests. But fundamentally, there are so many forces that do not want Sub-Saharan Africa to become self-suficient. As that's when it gets scary: 1. If you have energy + steel + copper + plastics 2. There is not much stopping Africans from crafting this into tools, software-electro-mechanical devices. 3. Lots of factories, lots of things from Screws, RSJs, LED bulbs, Toilets, Showers, to Bikes, Electric Bikes/Vehicles can all be built and scaled up. (which is not possible if you don't have the supply chain which comes from the refined materials + energy). So step 1. is always thwarted. Guinea had the same issue with their Iron Ore extraction. In places where there is large extraction or refining, like D.R.C. or South Africa. Africans are not in charge and the area is conveniently very dangerous. All by design. If multi billion dollar pipelines can be blown up for geo-strategic purposes. Then I don't see why this is no different.

[@baffabuhari704]

I don't understand. PBAT wants us to use CNG. At least the poor ones among us. Then the government will export. What is the point? Now after 20yrs they want to do business.

[@Peace-o4c]

But will never start to the buy fuel ₦500, before even talk about ₦200

[@Me19011]

Thank you PBAT. OBIdient and .DisOBIdientsupporters go sit down. Atiku at 80yrs should rest no vacant in AR

[@ovyjohn6374]

No body is buying all this Refineries propaganda until it translate to decrease in prices below 200 for fuel

[@john-tr8jy]

Politicians in Nigeria are clever, but not so much. A lot of them would have front run many of these developments by stealing public funds because they know that can engineer economic growth that will generate more tax revenue.

[@antnam4406]

400-500 Naira fuel is unreasonable. Smuggling will intensify. Neighboring countries are selling for 200 Naira per liter, this will triple the menaces' of smuggling. The price is the price, and NNPC is now private, they need to make money and give Federal government dividend and repay loans. We can't do that if you give the fuel away at 400 Naira.

[@saintejiksmithz8428]

It’s even more unreasonable that the minimum wage is struggling @ 70000 naira. If the petrol shouldn’t be given away at 400 then the minimum wage should be increased to 200k 😅😂

[@nickagule1747]

@@antnam4406 smuggling is an indictment on security agencies. They should do their job instead of punishing Nigerians with high costs to curb smuggling. It's not witches and wizards doing the smuggling!

[@mahmudkamorudeenalawiye3599]

Confusion: If neighbouring countries are selling at 200 as you claimed, who'll then smuggle out of Nigeria selling above 200 naira?

[@EmmanuelEmmanuel-ic4db]

I hope the price of fuel and gas will hit 50 naira? Dangote will hear word hausafulani want fight south 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@afolabifatusin7211]

Someone who invested 20billion dollars in your economy is now an enemy? Have u ever invested 1million naira before now?

[@afolabifatusin7211]

This man is extremely clueless. What oil do you even produce? Those produced in conjuction with shell chevron Mobil etc? If you sell bellow the international price, how will they recover their investment? Or you want the govt to subsidize again and pay the partners what they are suppose to get. Where will your govt get the dollars to pay them?. You were talking of improving investment in crude oil mining and at the same time you were talking of selling to the local market below the international price and you expect the international companies to continue to invest. You are completely clueless

[@olowoporoku1000]

this country is a joke; if this was done earlier, there would not have been the need for dangote refinery

[@Sabrerattler007]

Here's the irony of what is happening to Nigerians and the Nigeria state, if this bad government of APC can just bring Nigeria back to where Tinumbu met Nigeria in 2023, the bad government will claim that it has made a humongous progress! But, Nigerians, let's not get ahead of ourselves here. This bad government lacks the capacity to get Nigerians back to where Clueless Buhari, the high school drop out, left Nigeria. This hopeless situation paints the dire straits which Nigeria has found itself.

[@afolabifatusin7211]

Why these insults? You are even more clueless than the 2 of them

[@festusiyobosa9302]

Frauds peoples

[@ahmedadigun1930]

He shock una. Una think say not good will ever come out. The Nay sayers. Make una no worry Nigeria go dey great una eye go see am.