"NIGERIA IS A DANGER ZONE - KEEP OFF!" US WARNS AMERICAN CITIZENS TODAY (Page 3)

na true dem dey tok na

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Posted: at 5-07-2012 07:03 AM (11 years ago) | Gistmaniac

mallams with their jihad are giving us bad name to the rest of the world

Posted: at 5-07-2012 07:40 AM (11 years ago) | Upcoming

if the vulture dose not like the suitation of eagle ,, then let him quit,, smple!

Posted: at 5-07-2012 07:43 AM (11 years ago) | Newbie

b4 nko

Posted: at 5-07-2012 08:02 AM (11 years ago) | Upcoming

CALLING ME A FOOL MEANS THAT YOU ARE EQUALLY AN IDIOT.CORRUPTION IN ALL AREA OF GOVERNMENT EVEN IN YOUR MOTHER KITCHEN CANNOT BE CURBED.EXPECT THE PRESIDO TO COME AND SOLVE YOUR FAMILY DIFFERECES.ANIMAL

Posted: at 5-07-2012 08:27 AM (11 years ago) | Upcoming

ABUJA, Nigeria (AP) — A $4.5 billion deal to build six refineries in Nigeria is set to make Africa's top oil producer less reliant on exports for oil products, authorities say.

Yemi Kolajo, a spokeswoman for Nigeria's trade ministry, said in a statement late Monday that U.S.-based Vulcan Petroleum Resources Ltd. and Nigerian-based Petroleum Refining and Strategic Reserve Ltd. signed the memorandum of understanding with the government in the capital, Abuja.

Two of the six refineries are to be built within the next year, Kolajo said.

Nigeria, despite producing about 2.4 million barrels of oil a day, has decrepit refineries unable to meet the nation's growing demand for gasoline due to years of mismanagement and sabotage.

The six new refineries will refine a total of 180,000 of barrels of oil per day in a bid to address that need, the statement said.

Edozie Njoku, chairman of the Nigerian partner, said Tuesday that all the funding for the project would come from outside the country. He said they opted for modular refineries because there are many local challenges to building a refinery from scratch. Each refinery will be built in the U.S., disassembled for shipping and reassembled in Nigeria, he said.

"Our job as the local partner is to make sure that the government does all we asked of them," Njoku said, "that they approve all the permits, etc." He said the U.S. partner company was a venture capitalist that would be bringing investors as well as technical know-how. The company could not immediately be reached for comment.

The government has shown a lot of will to make this happen, Njoku said. "They really want to start refineries in this country, they are committed to it."

The deal comes six months after the Nigerian government tried to end a cherished fuel subsidy program that had kept Nigeria's largely imported fuel cheap for more than two decades. President Goodluck Jonathan said the country could no longer afford it. The move meant that prices at the pump jumped from 45 cents per liter ($1.70 per gallon) to at least 94 cents per liter ($3.50 per gallon) on Jan. 1. Jonathan later announced a new, partially subsidized price of 60 cents a liter ($2.27 a gallon) to stop a six-day national strike.

Nigerians consider cheap fuel one of the only benefits they reap from living in an oil-rich but impoverished nation.

The subsidies, in theory, keep prices artificially low for Nigerian consumers. Because of the country's reliance on exports, fuel actually comes into the country at global prices.

Functioning refineries will reduce the bill of the subsidy which Nigeria's finance minister, Ngozi Okonjo-Iweala, recently put at $8 billion for 2011. But, this bill also includes the heavy price of corruption, authorities say.

Top officials, including Okonjo-Iweala and Nigeria's respected Central Bank Governor Lamido Sanusi, have said corruption inflates the cost of the subsidy program.

A recent probe by lawmakers said billions of dollars have been wasted in the program. The head of that probe, House of Representatives member Farouk Lawan, is now being accused of accepting a $620,000 bribe from an oil company that had been under investigation during the probe. Lawan has denied any wrongdoing.

MORE DEBATE ABOUT THIS  FORUM........

Posted: at 5-07-2012 08:50 AM (11 years ago) | Upcoming

the americans,goodluck,sambo,britain,all the federal houses upper and  lower ,p.d.p ooooo,all make up bokoharam as they   create nigerdelter,to divert the masses attentions from their loot,no any minister or governor,or local govt chairmen ,or to even say they try asorock they donot succeed,rather always innocent ,men,women,children, Christians, Muslim are dying for no caused due to one stupid idiot interest.american can rush to say their have link to alqaeda but they cannot help with intelligent information to deal with the bastard that don't want ppl to live.

Posted: at 5-07-2012 09:02 AM (11 years ago) | Newbie

With The Way He's Going, I and My men on board won't vote for that man,instead we would send missiles @CaptainZhenya      

Posted: at 5-07-2012 09:49 AM (11 years ago) | Newbie

NA 2DY E START 2 DY WARN DEM,ABEG NEXT!

Posted: at 5-07-2012 10:37 AM (11 years ago) | Gistmaniac

Why not if not whilst there is bomb blazed everywhere!

Posted: at 5-07-2012 10:57 AM (11 years ago) | Upcoming