NNPC and Refineries Are Not Working Because of Corruption -Obiaraeri / Kaka
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- Опубликовано: 2 окт 2024
- Nobody is sabotaging the Dangote refinery; the problems are fundamental. For refineries to work, there must be institutional reforms.
Dr. Nnaemeka Obiaraeri, Development Economist
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The second guy Abba Kaka or so should not have been invited to this interview. He's a politician who's looking for favours from the government and he's part of the problem.
We need people who can boldly say the truth. Well done Dr Obiaraeri - you spoke with intelligence, boldness and truth.
Dr Obiaraeri never fails. Getting Nigeria to work is not rocket science. All we need is the right people at the helm of affairs.
IMF and WORLD BANK ONLY JOB is to ensure countries with potentials is economically destabilized so they never grow. No country has ever implemented IMF policy and did NOT throw their people into Abject poverty and then political submission of their leaders to the USA GOVERNMENT and loss of their national assets to USA elitist corporation . That's the goal of this Neo colonial organization. The maximum interest rate ever implemented in the west are all below 10%
Am Hausa, but just Look how brilliant and intelligent this dr. Obiareri , and so many other Igbo I have listened to, pls give Igbos the chance to run this our economy, give them the chance to run this country,,, da Allah, what is wrong with this country.....😢😢
Hausa man , who is the hausa person preventing the igbo's not to run ? maybe you're not in the country during the last election cycle in Nigeria to see that the three so called major tribe in Nigeria contested Hausa, Igbo and Yoruba so no one is preventing any tribe to contest and no any tribe is holding power to handover to any other tribe. We're practicing democracy bro.
@@abdulkadirmohammed770you are not sincere and fair in your comments am sure you are part of Nigeria s problem this country needs redirections maybe you are very happy not going back to your community but perpetually stay in Abuja or Lagos, don't worry they are spreading it will get to you.
@@abdulkadirmohammed770 was is not our Hausa professor that prevented the right thing form being done during the last election? Was it not our hausa brother buhari that encouraged our Hausa professor to do that? So what are u talking about.
@@abdulkadirmohammed770 if the Igbos finally leave Nigeria,, it is finished, Nigeria is finished, continue to practice your democracy until the Igbos finally leaves, then we will know what is left of Nigeria.
My brother they know igbo man is capable,but sentiments.Dr.Obiereri thank you so much.
This guy Obiaraeri is too much full of wisdom and God giving knowledge
I am always impressed with Dr Obi. Very smart and intelligent. Nigeria is deaf and dumb and will never pay attention to people like Dr😅
Two things Nigeria govt cannot fix : 1. Power 2. Refineries.
If they fix these two things common na, how are they going to 1. Luth money 2. Weaponize poverty ( which is essential to there old of power)
Because
1. Exchange rate will normalize
2. There will be economic drive and employment especially through private sectors
Who will have time to collect 2k to vote for them? When you have more than enough??
I lives in the U.K., and I can categorically tell you that there are actually three main things that Nigeria urgently need to fix, which are Road and railway network system, Power and Refineries and Nigeria will automatically transform to top industrialised nation in the world.
Nigeria has happened to Dangote 😂
It never happened to him before! Today he’s singing the negro spiritual like the rest of us! Why now?
Obasanjo would never allow this nonsense game they are playing with Dangote.
Dr Obiaraeri is G.O.A.TED any day any time. I so much rep the man.
It is very clear that after iNigerian independence and the Civil War that followed, Nigerian Economy and the political system was hijacked by international cartels and their hand-picked Nigerian trained supporters and foot soldiers. These powerful cartels have been dispensing their corrupt loots among their supporters both in politics and the economy. The effect of these actions is that they have prevented the smartest and patriotic Nigerians from contributing and participating in the economy and politics of that country, thereby stifling the progress of one of the most dynamic people in the world with vast natural resources. Nigerians have to wake up and take over and restructure their country. Nigeria can not continue and survive with these problems.
I just think that there are forces that don't want Nigeria to develop. First I don't see any reason why people will attack farmers, when you know that you need food to survive even the Ukraine and Russia war don't have these food crisis, so that insecurities to farmers is a deliberate act to keep the country on its knees, and as for power, Nigeria should be the only country in Africa that has that problem,which means it can be resolved easily if other small country can do it, again another deliberate act, the oil sector is what Dr obiaraeri has been talking about to fire all the people that has been responsible for the stand still oil production in our refineries and tackle the theft but again the government is looking the other way, another deliberate act. Nigeria is deliberately plunged into these economic crisis because they know the potential that is in that country, but this won't last forever. Same thing they have been doing in entertainment industry but we finally break ou. One day, just one day they will submit.
See i feel like crying over some point been raised here, God when are going to get it???
Mr peter has said all this things but bicus some criminals minded politicians know that its gonna affects them everything was changed overtime!!
Dr Nnaemeka is the Financial Dele Farotim he’s full of facts and figures
Dangote has been more vocal in this government that any other, and it clearly speaks volumes!
Dr. Nnaemeka Obiareri never fails to disappoint with his brilliant contributions.
Arise TV this is not the time to be inviting less brilliant contributors to discuss serious issues. Thanks 😊.
Because it's affecting him now. It has reached him. It will reach everything and everyone not only igbos.
Kiyari shouldn't be in the nnpcl since early this yr
When the head is a chief corrupt leader and came in by corruption and form a structure of corruption. We are joking, this is a comedy country
My son will be another Dr Obiaraeri by God’s grace
Dr Nnaemeka,
Very sound and articulated.
Always on point Dr keep it on...
Very sound arguments by Dr. Obiaraeri
Prioritising manufacturing in Nigeria should start from enough power generation
Corruption is killing Nigeria. After a year of Tinubu, the Naira rate has gone up from N 700 to N 1,500 to the dollar so not even God can help you. Tinubu government and his gang got to go. Shame on them to deceive Nigerians.
You don’t understand economy work and Nigeria peculiar problems I am sorry my friend. Notting to do with current government it’s people that in government in past. NNPC was not form by this government or Tinubu and his team didn’t course the unrest in northern Nigeria. The insecurity in Northern Nigeria has lead to food inflation.
@@OmotayoStanleyAsogbon-no3sewas Tinubu not the leader of the party when Buhari was destroying the economy?
What economic advise did he and his team give to Buhari so that the economy will grow.
He wanted the country to be destroyed by the northerners so that he can come in and be the saviour, little did he know that the destruction was deeper than he anticipated.
Tinubu has a saviour complex but without good intentions, you can't do any better.
@@OmotayoStanleyAsogbon-no3se Your argument is clownish. Government policies that has caused economic chaos is not the fault of the Government that made the policies. Wale Tinubu has acquired the importation of refined petroleum from NNPC. Tinubu made himself Minister of Petroleum. Do you see any conflict of interest, if not corruption?
So impressed by Alh. Dangote's recent concerns regarding the economy. Its only the political class that seems insulated from reality...
What are you impressed about? He was part of the issue before he built the refinery. The corruption that he was part of, he is expecting it to be eradicated for him to now thrieve.
He’s part of the problem not the solution
Nigeria has a Dr like this gentleman and Tinubu around himself with tigers and lions like himself.
New Nigeria is possible things will fall into place soon.
Abakaka , is a waste pipe, give the gentle man that knows much so that we can listen to him. We can not get tired listening to dr Obireri.
Nigeria would, Nigeria would…..but WHEN ⁉️
I love Obiareeri a lot. He’s so good in articulating Nigeria’s problems
Some oil companies in Nigeria: Oando PLC owned by Wale Tinubu, Babados oil limite owned by Shettima, Babados oil and gas services limited owned by Z. Buhari. Allegedly. My questioned is could there be a conflicht of interest, with these powerfull men?
They produced important ideas
Dangote is part of the problem
Please tell us how Dangote is the Nigeria problem.am from Edo state and we always want to learn.
Nobody is sabotaging Dangote. Oil is traded by forwards, sometimes by years. No company is going to wait for Dangote when completion was uncertain. IOCs are multinational companies with their refineries. They took their share per agreement with Nigeria (product sharing) to meet their obligations. Dangoʻte should have anticipated these and planned for it.
True. But what about the supposed dedicated daily crude oil barrels for local refineries. Simply put! NNPC is unreasonably corrupt.
Patrotism teaches us to love the inside more than the outside.
Nigeria politicians and leaders are simply not patriotic.
How do you explain NNPC owning 20 percent share in Dangote refinery , yet Dangote unable to get regular feedstock from NNPC.
This what the economist call cash 22, the government needed to control inflation. We agreed that this government inherited very bad economy.
What Aliko said everybody know it and not new for goodness sake .
The problem we have are : corporations, insecurity, oil productions and largely bad management in last 12 years.
This what I have been saying. How can a country with three potential refineries strategically situated within the country be spending substantial sums of money to import finished petroleum products that are meant to be refined with the same refineries that Nigeria Government spend so much money to built by past Military Administration. Nigeria has Sea Port across all the Coastal Region, but chooses to deliberately use only Lagos Port for a population that is well over Two Hundred Million people. What a failed state though!
Why was Kaka invited? To do what?
Excellent Analysis Dr. Obareri! Abakaka is a waste of data.
helping dangote refinery to thrive will bring prosperity to the country.
Like the prosperity he brought in the cement industry?
Odes
I love listening to this doctor
There are many things we import that we don't really need or priority need in to Nigeria. Please, the Nigeria government should stop borrowing. Please look inward 50th per cent of goods we import are around us or that we can produce locally. Please stop borrowing money it makes us look stupid.
Who are the people serbotaging Aliko Dangote refinery?.
To the VP, I say talk is cheap. Walk your talk. This will convince us that you mean what you are saying.
No locally produced vehicle in the presidential fleet. Not even one even if for the optics.
National legislators drive Toyota branded SUVs.
The newly minted residence of the VP, I am sure, is doned with ineterior decorations from Turkey.
The FCT minister wears a foreign branded Versace coat costing over $1,000.
They use our annual budgets to fund foreign economies, creating jobs over there to the detriment of our local economy.
Sensible government use government spending to stimulate and drive the local economy.
This KaKa man is talking absolutely nonsense, he shouldn't be anywhere close to government or tv station..wtf
Northern Nigeria Petroleum Cooperation NNPC. Located in The Southern Part Of Nigeria..
Corruption, corruption nigeria's middle name
British & US government 🌎
must Go🚫
leave Nigeria Africa 🌍
With immediate effects 😜
Tinubu must Go, APC must go to jail,
Or Else
PDP must be retrieve back to Yoruba Nation Elders.
YORUBA NATION Created PDP party 🥳
For peace and unity.
I see no reason letting illegal immigrants have full control of Yoruba Nation 👎❌🚫🛑🔥
Illegal immigrants ✖️🤧
Fulani & Hausas Must leave with immediate effects Nigeria
Fulani are running NNPC as simple as that,unqualified hands.
Thank you Dr.
Drop interest rates to 9% or less.
No country that wants to grow increase their interest rates to 26%.
For example.
Japan 1%
China 2.5%
South Korea 3.5%
EU 3.75%
US 5.5%
Nigeria 26%.
Reduce interest rates so that businesses can generate jobs and income. How can anyone collect loans when there is probably no business you could do to generate a profit of 30%.
You are stifling the country’s growth.
Your analysis is one-sided. All the industrialised countries you listed with very low lending rates are all major producers of factory goods + services. A low lending rate favours production firms (goods & services). What exactly do you produce in Nigeria to deserve a 9% lending rate? A 9% interest rate in Nigeria would mean a significantly increased M2, which would only drive up the already high inflation.
@@kene6753 true
This Dr Nnaemeka is a bunch of wisdom
Why can't we we appoint this man as an economy adviser.so refined and knowledgeable of what he is saying.. don't make me think is because is an Igbo man.am from Edo state who believe the best should get the job.
guys ve check all this guys facts petrobrass is also in angola NNAEMEKA OBIARAERI is learned
Fed govt is not buying Innoson cars ,and they holding summit on manufacturing. Its a shame.
The people who Ibeto cement was destroyed for their sake are today crying, what Chukwu okike can't do does not exist
Why is it all other cement companies given licence by the government are still making profit.Ibeto was a business who was thinking that Nigeria cannot change,not knowing ex president saw it all before and he won't allow such to happen,just importing Instead building capacity.Nkalagu cement was there fallow..am from Edo state.let call spade a spade..ibeto got is calculation wrong.he was just importing into warehouses, while the agreement is import and build capacity ,and operate a cement factory thereafter..
. . .In 2022, the Observatory Economic Complexes(OEC) reported that NNPC exported fertilizers($2B) and Refined Petroleum($1.04B). But, NNPC lied to Nigerians that the 4 govt. refineries never worked! ! We need to know how much NNPC made from same products in 2023. Mele Kyari must be probed.
wahala dey
i fastforward to listen to dr, please give him more airtime
The only man that has focused correctly on the cause of Nigeria’s economic failure. The NNPCL is our prime platform to sell and derive revenue in foreign exchange, they’ve failed abysmally in their performance output in the last 4 years.
Abba Kaka please tell us the sound policies that the government are making?
So, why were people clapping when Dangote said importation translates to exporting jobs...a negative value to the economy. People just clap for no reason because they don't even understand what they are clapping for.
What Dangote meant, is that by importing products we can produce ourselves, we are exporting jobs we could have.
They clapped in affirmation/validation of the views.
They are fools and sycophants, don't mind them. There is nothing new in what dangote said.
If mele kyari,the GMD of Nnpc don't go, our oil industry will remain useless.
Tinubu is corrupt he can not stop corruption
Refusing supply him with crude, refusing to issue license and refusing to pay for their stake at the refinary so as to sabotage his financial plan by distrupting his cash Flow.
Nigeria will continue to suffer because of conflict of interest.
Why’s Abba Kyari is still in the NNPC?
Why don’t dangote invest in power generation?
This is no longer news, at this point we should be hearing something else
We keep saying the same thing always,yet no right to action is take, We are re bunch of Talk actives
Dr Nnaemeka Obiaraeri is one sound man i have deep respect for, Charles thank you for always bringing him on.
Well. My company has left. Over 30k persons have been thrown into the unemployemnt market. And they left with over N600billion
God bless Dr Obiaraeri 👌
This what I have been saying. How can a country with three potential refineries strategically situated within the country be spending substantial sums of money to import finished petroleum products that are meant to be refined with the same refineries that Nigeria Government spent so much money to built by past Military Administration. Nigeria has Sea Port across all the Coastal Region, but chooses to deliberately use only Lagos Port for a population that is well over Two Hundred Million people. What a failed state though!
Igbos can never be one with Hausa's and some Youruba Muslims... Yourba Christians is okay
Nigeria is a country of 150 million analysts, everyone seems to know what the problems are yet no one is ready to solve them
Offline really…… nepotism is your worst enemy.
The president is the minister for petroleum, that’s why.
Corruption is the impediment. We have Nigerians who though not angels, are patriotic and would turn things around or at least put us in the right direction in about 10 years.
However, some people would rather make profit from the desolation of our country. It's beyond comprehension as these demoniacs have made more money than they need for five lifetimes.
You are not making sense.
Come out very well from your myopic reasoning
Bloody sell 49% or NNPC and all Genco to mega companies such as Saudi, Shell, BSAF, Enterprise Products, and Domestic investors such as Dangote etc. Sell the stake in phases of 30% first, then 19% later
bring only this guy Obiaraeri others are interrupting, ve check all his fact on air very accurate
Mr. Obiariri please make your point without screaming. Brilliant and well informed but stop screaming
Timubu built lagos ooo
If bilgat was a Nigerian he would have never arrived to where he’s today. Africa problem is us Africa. Elon’s must is and Africa but now the world richest man as and America. Shame to us Africans
Lets keep deceiving ourselves. 1.5 Billion to revamp the refinaries that never got revamped. But put 21 Billion to renovate a VP house. Imagine 21 Billion channelled to Security and Agriculture 🤔
Lamido Sanusi said it all, “NNPC is the most opaque entity in the world”. But because it is cash cow of the Fulanis, solutions to theifry, corruption and nepotism will continue to stifle our development.
Everyone that knows the workings of this country knows this.
Thank you aga Dangote for saying what the leadership are not seeing.
God bless you Dr Obiareri. You are totally on point
Even 15percent is too much
You and your colleagues are the biggest underminers of local manufacturing
What do you mean by ‘colleagues’? Care to explain?
Na statistics will go chop......😂😂😂😂😂
14:06
Abba Kaka why are you rubbing bleaching cream? please leave it for women thanks
Mr Charles Aniagulo please stop faking and pronounce Nigerian names(especially Ibo ones) properly. Are you not a Nigerian? Perhaps even Ibo going by your name.
Annoying, i dislike him for that.
Abba Kaka is talking nonsense confidently