NewStats: 3,262,722 , 8,177,944 topics. Date: Tuesday, 03 June 2025 at 11:09 AM 3j722l

BUHARI and His Boy TINUBU were Heads of the Ministry of Petroleum.
They headed the ministry and Controlled the NNPC, the Most Corrupt Money laundering Gang in Africa.

But they have funds to embezzle more funds

Can you imagine the kind of things being said by a responsible government. What are the heads of NNPCL still doing in their positions?

shox:
But fg get money build coastal road at 4b/km

It is well

You guys complain a lot, must you be bitter? If they don't do roads,you talk ,they do roads you still lament,kilode?

malali:
Outdated and Corroded Pipelines

Issue: The pipelines transporting Nigeria’s crude oil, constructed in the 1960s and 1970s, are now severely corroded and beyond their operational lifespan. This deterioration has led to increased vandalism, making it difficult to evacuate crude oil to terminals.

Solution: Public-Private Partnerships (PPP) for Pipeline Infrastructure
Countries like Brazil have successfully revitalized their oil infrastructure by leveraging PPPs. Nigeria should adopt a similar approach, inviting private investors to co-finance the replacement of old pipelines with modern, corrosion-resistant alternatives. This will ensure more secure transportation and reduce vandalism.

Insufficient Funding by NNPC

Issue: The Nigerian National Petroleum Company Limited (NNPC) lacks the financial capacity to undertake the necessary overhaul of the pipeline infrastructure.

Solution: Attracting Foreign Direct Investment (FDI)

Nigeria must boost investor confidence by offering incentives such as tax breaks, fast-tracked permits, and government guarantees. This approach, successfully implemented in Angola, has attracted billions in foreign investment, enabling infrastructure modernization without overburdening state coffers.

Smuggling of Fuel Across Borders

Issue: The persistent smuggling of fuel from Nigeria to neighboring countries is driven by the lower prices of petroleum products domestically, facilitated by security agents complicit in the illicit trade.

Solution: Market-Driven Pricing with Enhanced Border Controls
Mexico, facing similar issues, implemented a two-fold solution: adjusting fuel prices to reflect market realities and deploying advanced surveillance technologies at borders. Nigeria should gradually phase out subsidies while using drones and satellite technology to monitor border areas, making smuggling more difficult and less profitable.

Limited Crude Supply for Local Refineries

Issue: Although the Federal Government has committed to supplying local refineries like Dangote, there is concern about whether Nigeria can ramp up production sufficiently to meet domestic and export demands.

Solution: Expanding Exploration with Incentives
Indonesia faced a similar challenge and addressed it by offering financial incentives to companies willing to explore and extract oil from underdeveloped fields. Nigeria should implement a similar policy, offering tax incentives and reduced royalties to attract more exploration and boost crude output. This will ensure enough supply for local refineries and export markets.

Implementing Practical Solutions for Long-Term Success

To overcome the myriad challenges in Nigeria’s petroleum sector, the government must adopt practical, proven solutions tailored to the country’s unique circumstances. By modernizing infrastructure through PPPs, attracting FDI, adjusting pricing policies, and incentivizing exploration, Nigeria can unlock the full potential of its oil industry. These steps will not only solve the immediate problems but also lay the groundwork for sustainable growth and development in the sector, benefiting all Nigerians.

Thank you. These days I use AI to filter out the noise and to make sense of any document that I read

Not interested in this jargon. After collecting salaries and looting the money allocated by present and past istration for turn around maintenance.

Splashme:
But the thief in Aso Rock has #150b to buy a new jet, abi?

it's a second hand jet .... ☺️

But there's money for presidential jet

Yet their directors expenses in a financial year was N2.6 billion naira.

This is very shameful

But They have money to buy jet for the drug lord

shox:
But fg get money build coastal road at 4b/km

It is well

..those fools are criminals & extremely incompetent, clueless & useless..

..this tjieves dont mean well for Nigeria..

..but Thief'nubu can spend pver 150million dollars to buy a jet for himself & his goons..

..I no dey pity zombies at all..

Deziwealth:

You guys complain a lot, must you be bitter? If they don't do roads,you talk ,they do roads you still lament,kilode?

And where do u think the money is coming from to build the so called road u are talking about sef,is it not from *Oil proceeds* so is it not better to protect and takia of the goose that lays the golden egg?? A lot of u people are not smart such a shame

My opinion

Chaiii....

shox:
But fg get money build coastal road at 4b/km

It is well

Nigeria 's problem is misplaced priorities, corruption and mismanagement of public resources.

This Minister is looking fOR a way making his money. Since he knows his benefactor has cornered the NNPC, the, Calabar to Lagos road an other lucrative deals. If this was how the military were doing we wouldnt even build a single pipeline talk less of a refinery. May God save this country.

Kaiser20:
BUHARI and His Boy TINUBU were Heads of the Ministry of Petroleum.
They headed the ministry and Controlled the NNPC, the Most Corrupt Money laundering Gang in Africa.

You expect what?

Performance?

Both profit and capital have been consumed. Invite the colonial masters to return and take over Nigeria.
Even the pipe borne water systems the colonial masters left working are no longer functioning. The pipes have rusted.

Another systematic Way to steal our money for the repair of private owned company

Make una divide Nigeria into more manageable countries, una refuse because of crude oyel and gas deposits in the Niger delta region. After all, every one knows that Nigeria is not functioning. Una watch millions of people dehumanising and many dropping dead daily due to hunger and curable diseases.

Awọn OLORIBURUKU
Unfortunate corrupt bastarɗs.

So subsidy is just Collected and done with what.lol..nnpc na the real subsidy ..scammers

What kind of talk is this?

Loan loading 💯

don't show pity for these corrupt politicians.
even the chinese do not want to give us loans again

What do you mean by pipe borne water systems?

discusant:
Both profit and capital have been consumed. Invite the colonial masters to return and take over Nigeria.
Even the pipe borne water systems the colonial masters left working are no longer functioning. The pipes have rusted.

what of

ABACHA LOOT


YAYAHA BELLO 80.2BILLION


EMEFELE LOOT


RUBBISH