Nigeria Spends N3TN To Import Petrol In 42 days, Despite Local Refining By Dangote
Nigeria Spends N3TN To Import Petrol In 42 days, Despite Local Refining By Dangote
There are reports of an astronomical increase in the cost of petrol importation by marketers in Nigeria over the last few days despite calls for patronage of local refineries. According to information contained in that report by Nairametrics, between October 1 and November 11, Nigeria imported 1.5 million metric tonnes of Premium Motor Spirit,…
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2..4….2..5. 26. 27. 28. 29..01..02. 03. 04. 05…012.5
European games Flop….On my Shoulder….SUGGEST MY FEMALES DAUGHTER'S SHOULD FIGHT MEN……
My question is, why do we have NNPC? That organization is corrupt and inefficient. Does this kind of thing happen in other countries?
Why can't Nigerian government stay away from interfering and dabbling into private businesses but focus on making laws that encourage businesses and private investments to thrive. Someone is trying to sabotage Nigerian economy. What is the Senate doing? Why are we so corrupt? How do these people sleep at night?
What is the House of senate and the house Representatives doing about this to save the nation from this dark financials?
Appoint this young man the managing director of NNPC. That’s what sane countries do. But Nigeria will rather choose nepotistic appointments over the knowledge based alternative. Let the country’s leaders keep fleecing the country at the expense of the wellbeing of its people.
Good TALK
Why is shielding the NNPC or is the petroleum minister involed ? There is need for proper reporting. How many liters of these product is been consumed by govt and its establishments. Also Considering the fact that there's a provision for the product consumption in their separate budgets.
Nigeria cannot be broke even if it spend more than 3tr on importation. in actual sense, the said amount is suppose to be within the confab of the NNPC, is either they sell to the govt or the Marketers. The hidden fact is that payments are made for these product at every point of purchase either by the whole seller, retailer or consumer. Why is the govt making it look like a fresh capital is being injected into importing this product always?
What is happening to the investment and amount realized from sales by the Sole importer(NNPC)?…
Nigeria spent 3Tr on petrol importation. There is a poor representation in reporting this info to the public. The most important aspect is kept away. "Thinking" the product being consumed by Nigerians is in exchanged for payment, from the Importer, Marketers, retailer or consumer. Which implies that money is being recycled back to the sole Importer (NNPC). Why are we not asking the necessary question.
Is there hope for Nigeria? I don’t think so because want we feed every day is lies, lies and lies to the demise of the nation. Nothing makes sense in Nigeria. All laws, institutions and corporations are all phantom. It baggers belief how Nigeria has not ceased to exist with this obscene rampart corruption that sinks to the highest heaven.
We always fight the wrong fight in Nigeria….. the number one enemy of Nigeria is NNPC …. the cabals
Who is overseeing these regulators that are granting licenses? Who are they granting them to. Who is the president and does he have the ability to oversee his ministers and other head of various departments?
Scrapped NNPCL oooo
So we are still importing petrol?which way our leaders?why can't we revamp our 4 refineries.
Africa was not supposed to industrialize, become sovereign in Energy, food and manufacturing. That is why Dangote has been facing so much hurdles and push back. This is the beginning, hopefully we can have the same investment in electricity, a dam in Congo will help with electricity to many African countries. But DRC need to divorce France which is still controlling the country.
The fact that Mela Kyari still has his job is obvious that BAT doesn’t have the will to end this petrol crisis. His people are most likely benefiting from oil racket.
Why is the 20% feedstock of crude that dangote receives not reflected in the price of refined product and the Kelvin guy dances awilo. Stereotyping in arise analysis
Mele Kyari should be in jail if Tinubu was not a corrupt man
There's nothing anyone will tell me, we are just wicked in this country.
Its all a scam.
The regulators themselves are not following the law, height of curruption
The more I listen to Nigerian news, the more I see how much Nigeria doesn't make any sense. You just have more questions than answers
For those who doesn't understand big grammar. Here is the breakdown of this interview. 1. Tinubun is a thief, 2. Tinubun and gangs are evil. 3. Tinubun is playing out the script given to him by his handlers to wreak Nigeria economy completely.
this guy is taking money from ATIKU and dangote, he must be arrested
Answer yes or no.
What is the price of petrol from Dangote's refinery versus that price of the imported PMS?
HONESTY ALWAYS EXPOSES MASSIVE CORRUPTION.
SO FANTASTICALLY WELL SAID AND EXPLAINED: (''IT'S CALLED ECONOMIC SABOTAGE'').
How can a regulator be importing and selling what it is supposed to regulate. Regulator!!!! Regulator oooo
What is happening in Nigeria presently is the highest level of madness and Nigerians must rise up against this madness. How can a government be sabotaging the economy it is supposed to be promoting. If we really understand the impact of energy on every other sector, we will not let these mad people go scort free
Just a guess. Maybe
NNPC and “oil mafia “ were taken by surprise on the the dedication of DanGote towards the completion of the refinery project and the considerable relative short time it took to complete such a major operation.
Meanwhile NNPC and some cartel had previously signed several agreements under the table based upon their wrong assumptions.
No wonder how NNPC seems unable to clearly explain the whole debacle .
The imported fuel is of poor standard i think nobody buys it only Nigeria . It is confirmed that Dangote product is many times better than imported fuel . Some people are just out to destroy Nigeria .
There's something these people are hiding from us.
RCCG is supporting the government!
NNPC is and has always been Nigeria's problem. Thank you Kelvin!
Good discussion, but comparing Ghana's petrol cinsumption with thst of Nigeria WILL NOT give a true value. Why? You might ask.
We forget that Nigeria also uses petrol for thousands, if not millions of generators which Ghana doesn't use cause they have a more stable electricity supply.
That is why they don't want the PH refinery to work, despite what has been spent on it. Is Tinubu not the self-appointed minister of petroleum?
Superb. Thank you Arise News. Thank you, Kelvin. Spot on! 🤗
Having presented the facts so eloquently, will anyone be held accountable for this, which is tantamount to TREASON!!!! Is anything going to happen in this sh..hole country.
President Tunubi should sack himself as Petroleum minister because he obviously don't what he is doing.
Good analysis from Kevin
May God save Nigeria from these "political bandits" imposed on us by our colonial masters; who are there to fulfil the wishes of our colonial masters.