1. Saudi Arabia with a population of 26m has 16 functional
refineries, to commission another two (2) of 400,000 barrel each per day capacity in
2016
2. The U.S State of
California alone has 26, Texas has 19 refineries
3. Whereas Singapore with a
population of 5.6million people has 3 refineries with combine refining capacity
1.3m bp/d;
4. Nigeria has three (3) or four (4) (non
functional refineries) built in the 70s & early 80s...now obsolete...16
years of oil boom we didn't add even ONE.
6. We are paying the price
of our past profligacy, irresponsibility in governance and blind leadership.
8. For instance, Egbin power plant was valued at $1.2 billion. A
German electricity company bided but ex-President GEJ sold it to Sahara Energy
at $470m.
9. Sahara had no previous records on power plant aside importation
of petrol but we handed them our LARGEST thermal plant..
10. Easier to cry today but
whatever problems we see today was created yesterday with the active connivance
of all of us...
11. Active connivance in
the sense that we all kept quiet & looked away... Our day just dey break?
12. I am not exonerating
the FG of blame, but laying the facts as they are... While you have the right
to be angry, pls be angry with sense.
13. Change will come but it
will not come overnight... A lot of mess was made either out of omission or
commission, change will certainly be substantial but subject to procedures.
CHANGE is on the way!
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