Jasper @Ezelagbo1 - Twitter Profile

Ezelagbo1 retweeted

oseni rufai

@ruffydfire

1 day ago

67

2K

1K

523

65K

Ezelagbo1 retweeted

OBIARAERI, Nnaemeka Onyeka.

@emekabk21

4 days ago

SEYI MAKINDE RAISED THE SAME MATTER THAT I HAVE BEEN PLEADING WITH THE FGN TO EXECUTE SINCE 2023 SUBSIDISED PRODUCTION PRICING MODEL.THE SAME MODEL ADOPTED BY SAUDI ARABIA THE NNPC LTD AND DANGOTE REFINERIES ARE CURRENTLY FLEECING NIGERIANS THROUGH THEIR OBNOXIOUS ROCKET AND FEATHER PMS PRICE ADJUSTMENTS MECHANISM.. NMDPRA IS TIED UP BY THE CRIMINAL INSERTIONS IN THE PIB , THUS, HINDERED TO DO ANYTHING TO STOP THIS FLEECING.... I WISH TO SHARE MY CREATIVE SOLUTIONS AGAIN👇 I wrote the article below on July 2, 2023. I MODIFIED IT AGAIN IN 2024 AND MARCH 9, 2026... TODAY, SEPTEMBER 5, 2026, I AM sharing it again for the benefits of those, who honestly desire to see Nigeria fixed ...PROVERB 25:5 IS THE LOT OF NIGERIA TODAY.... All over the sane world, what is subsidised is production and not consumption... 💢TRANSPARENTLY SUBSIDISING DOMESTIC CRUDE OIL REFINING AND WHITE PETROLEUM PRODUCTS PRODUCTION IN NIGERIA ... ✍️The greatest impediment to creativity, production and support of honest entrepreneurship in Nigeria is the massive public sector corruption.... ✍️Nigeria has three refinery complex with combined refining capacity of 445,000 barrels a day that is dormant and refining nothing... ✍️The refineries are: 1. The Port Harcourt refinery comprises two units – the old plant 60,000bpd and the new plant (150,000bpd): 2. The Warri refinery has a capacity of 125,000bpd 3. The Kaduna Refinery with a 110,000 barrels per day refining capacity... ✍️Between 1993 to 2025, Nigeria has wasted over $17billion to $25billion on failed Turn Around Maintenance Programs on those three refinery complex with no success in sight . ✍️ These are brand new three refineries, that were built over a combined period, that spanned 24 years [ 1962 to 1986], between 3 Heads of State [ Gowon, Obasanjo and Babaginda] ✍️Kindly recollect that in March 2021, the Federal Executive Council approved $1.5 billion for the rehabilitation of the Port Harcourt refinery. The Federal Government said the rehabilitation contract was awarded to Tecnimont SPA, an Italian company, and the refinery would be rehabilitated in about 44 months. ✍️In August 2021, FEC approved $1.48 billion for the rehabilitation of the Warri and Kaduna refineries. $897 million would be spent to repair the Warri refinery, while the Kaduna refinery will gulp $586 million. ✍️The contracts were awarded to Messers Saipem SPA and Saipem Contracting Limited and the refineries will be rehabilitated in three phases of 21, 23 and 33 months respectively. ✍️kindly note that Melee Kyari and co, just like I predicted in 2021/22,wasted and misappropriated the whole $3billion without the Refineries working ✍️In 2026. President Tinubu rather than take the creative and more pragmatic steps of unbundling and Restructuring the ownership, operation and management the NNPC, so as to enable it run like the PETROBRAS AND NLNG, has once again like Buhari, caved in to the wrong counsels of these guys , who leech on our common patrimony, by approving another NNPC waste jamboree of $2.5billion with the Chinese. Any revamp works with NNPC still under the existing public sector corruption chokehold will never work . ✍️To build a brand new 160,000 barrels per day [8million/tons per annum] capacity refineries w equipped with catalytic cracking, vis-breaking, and gasoline units to yield upto 55% of gasoline from a barrel of crude processed with cost about $6billion ... ✍️Kindly note that out of this projected N6billion cost outlay, the very high proportion of “offsites” (production of utilities, storage, receiving and shipping facilities), represents almost 50% of the cost of such refinery..[ these facilties already exist in the existing refineries in Warri and Portharcourt ✍️Without sentiments, the Kaduna Refinery which is located far away from heavy crude supplies and looking at modern refinery technology in place today is way obsolete, unprofitable and should be scrapped