Na wa o!

Just like Cement

the same govt that want to help dangote refinary by selling in naira to him are also they one's who used heavy tax on innoson mottors beacuse he is frm the east....confused set of people

Inspiration007:
They should just sell Nigeria in Naira to Dangote, and share the money to everyone

yes...

SouthSouth1914:
The north has really islamize Nigeria. Every well meaning Nigerians should come out and fight this injustice! A group of unscrupulous elements should not monopolize our lives!!

Oya start the fight na
We go join u later
Ode

ivolt:

Gencos don't need gas.
Discos can't even pay for all the electricity being generated leaving the government with huge debt to compensate for excess Gencos.

Really? You probably mean Discos don't need gas.

Cos, perhaps more than 60% of our electricity is generated by gas-powered thermal stations (Egbin, Sapele, Afam, etc.).

Thermally-powered Gencos use gas mainly. It's the hydro-powered plants (Kainji and others) that don't use gas.

SouthSouth1914:
The north has really islamize Nigeria. Every well meaning Nigerians should come out and fight this injustice! A group of unscrupulous elements should not monopolize our lives!!

lazy nigerian

Make we sell Nigeria to Dangote I beg. Let's finish everything at once.

that would be awesome...but what about when its time for the investors to carry back their profit to their various countries won't it be converted back to USD.

BigSarah:
Why is this government making it seem like Dangote is a saviour or something, all I know is they're aligning to stick it up the rectum of the already worn out economy.

other private refineries are coming up you ignoramus

Dangote, innoson, and Tony what to draw the last blood from the oil era. while dangote refines they sell the crude oil to him. but wait oo...shey dangote Neva get oil well.

Where den wan see dollars pay before.........


Does CBN mint $$$$$$$...........


But those sending monies to their families, from the abroad.......... The transfer companies, must continually remit funds in $$$$$$........

This government is just dancing in circles, bunch of confused geriatrics..........

A good plan to shore up the Naira.

Will our modular refineries also be purchasing oil in Naira? Abi it’s only Dangote that is the 'special one'?

etrouble:


Only a mentally unstable person will bring religion into this. The silent war is between Hausa/Fulanis and Southern Nigeria. Religion does not come in at all.

Meanwhile there is no single human being that think that there is God in the whole Northern Nigeria. Any man who thinks and/or knows that there is God will never behave the way Hausa/Fulanis behave in Nigeria, so the desert warriors are not Muslims. Or has anyone seen Yoruba Muslims kidnapping children at schools, killing people in the their farms and throwing bombs into mosques and churches? Only Ishaq Akintola is capable of doing that in the Yoruba trube

Why not? The indices are there. Forgotten when everyone was stopped from importation of a certain goods, but dangote wasn’t? Is he the only one in the country that should be given such free will?

Most cement factories were closed or rendered dysfunctional because of him. Infact, anything dangote lays his hands on, every other competitor will suffer. Is this reasonable?

What about the idea of modular refineries that was said to kickstart our oil and gas drive, are these modular refineries going to be given the same treatment?

Anyone ass licking dangote is either deranged, myopic or both and cannot see the bigger picture of what he is all about!

QuotaSystem:
Dangote's refinery will definitely be a game changer for the Nigerian economy.

You are really QUOTA SYSTEM!
A complete sheep

Emary:
So the plan is to sell this man our crude at cheap rates, only for him to resell the refined products to us at even higher rates than importers currently do? Real monopoly. Well, at least after this, we should hear no more about subsidy.

Why would assume it would be a “cheap rate” because it’s sold in Naira?
It would still be sold at the Naira equivalent of the current international crude prices.

Nonetheless, suffice it to point out that the Naira is actually the ONLY LEGAL TENDER OF NIGERIA. As the CBN itself constantly warns airlines, hotels and other businesses, it is actually ILLEGAL to charge for goods and services IN NIGERIA in any currency other than the Naira (although we all know that Lagos landlords and some other service providers do so under-the-table all the time). Crude oil produced in Nigeria and sold in Nigeria should logically be priced in Naira.
>

I don't understand the headline and I'm not going to read the rest of this story to avoid being irritated this Sunday morning
FG is planning to do what?sell oil?
Isn't dangote refinery ...drilling for oil?
I'm sure some people are already rushing the comment section to defend and explain rubbish.
You guys are too dumb to understand that the country you THINK you are a citizen of ..actually belongs to a few old men.
They are just sharing things among themselves.
Sad!

had Dangote be Igbo man , they will never sell to him

Dangote start refining now have filling station in 774 local government of Nigeria

Dangote refinery is a game changer but my concern is that our others refineries should be refurbished or privatised asap.

etrouble:


Only a mentally unstable person will bring religion into this. The silent war is between Hausa/Fulanis and Southern Nigeria. Religion does not come in at all.

Meanwhile there is no single human being that think that there is God in the whole Northern Nigeria. Any man who thinks and/or knows that there is God will never behave the way Hausa/Fulanis behave in Nigeria, so the desert warriors are not Muslims. Or has anyone seen Yoruba Muslims kidnapping children at schools, killing people in the their farms and throwing bombs into mosques and churches? Only Ishaq Akintola is capable of doing that in the Yoruba trube

Me thinks you are the mentally unstable one here.

chrisxxx:
This country is truly mortgaged to Dangote. Nigeria needs to carry out her foreign obligation.

What stopped rich men from your state from building this refinery all this while?

Is this why our own refineries are moribund and not working?

Who cannot read handwriting on the wall. Dangote is a Nigeria and Nigerian is Dangote. I pity the zoo nation. She will cry after the oil is privatised. How costly is the cement today in Nigeria? Above the reach of common man. many will never build a house in their life time. Experimental country .Obasanjo scrapped toll gate in NIgerua today buhari government wants to re introduced it. Give the country name in your tribal dialect.

lala will be worst than Buhari.

His mods removed my comments because it doesn't appeal to their already bruised ego.

Nairaheist. shior

And Dangote will sell the refined products back to federal govt in USD$
Dangote is one of the cabals

TheWrita:
I don't understand the headline and I'm not going to read the rest of this story to avoid being irritated this Sunday morning
FG is planning to do what?sell oil?
Isn't dangote refinery ...drilling for oil?
I'm sure some people are already rushing the comment section to defend and explain rubbish.
You guys are too dumb to understand that the country you THINK you are a citizen of ..actually belongs to a few old men.
They are just sharing things among themselves.
Sad!

Refineries do NOT drill for oil...

Exploration and production companies drill for hydrocarbon reserves and (and if they find it in commercial quantities) thereafter produce crude oil. The refineries then buy the crude oil (which is the raw material for their products) and the REFINE it (hence why they are called ‘REFINEries’).

Meanwhile, not a good look to brand others as “too dumb” if you are struggling with even the basics. Humility bro! SMH
>

You sabi politics at all?...all this rich men/companies supported both apc and pdp during last election...they spend billion of nairas...you can do ur research

udoka2013:
We are watching. Dangote this, Dangote that. I am beginning to understand that, there are some hiden facts concerning this company. Because of this company the border was opened recently. The fuel price was increased because of their refinery. Cement was meant to favour them over their competitors. Foreign exchange favours them. Now again, central bank governor visits them with a gigantic grant. And many more. Other company should enjoy the same favour as Dangote. That is mt stand.

udoka2013:
We are watching. Dangote this, Dangote that. I am beginning to understand that, there are some hiden facts concerning this company. Because of this company the border was opened recently. The fuel price was increased because of their refinery. Cement was meant to favour them over their competitors. Foreign exchange favours them. Now again, central bank governor visits them with a gigantic grant. And many more. Other companies should enjoy the same favour as Dangote. That is my stand.

How can fuel price be increased because of a refinery that is uncompleted and probably a year away from commissioning?

Domestic fuel prices are increasing in Nigeria because Nigeria is too INCOMPETENT to produce its own fuel (motor vehicle and aviation fuel). A country that is one of the world’s biggest crude oil producers has DUMBLY AND INCOMPETENTLY also become simultaneously one of the world’s biggest importers of fuel. Accordingly, because Nigeria imports almost all of its fuel needs (keeping foreign refineries in business and providing JOBS for their foreign workers and foreign shippers), whenever the international price of crude oil goes up the price of fuel imports correspondingly go up as well (crude oil being the basic raw material of refined fuel products). In addition, whenever the exchange rate value of the Naira falls (which seems to be virtually every week these days), the price of domestic fuel goes up because it means that we need more Naira than we previously needed to buy the same dollar amount of fuel.

Btw, Dangote (together with the BUA Group) has turned Nigeria from reportedly the world’s second-largest importer of cement (only behind the US) to a net exporter of cement, in the process saving Nigeria the billions of dollars of scarce foreign reserves that Nigeria used to use to import cement, earned foreign currency for the country from its cement exports, and created TENS OF THOUSANDS OF JOBS IN NIGERIA!
>

Good idea

But if you want a better idea remove subsides. Allow Dangote to charge the prices he wants

So that there is enough profit to keep the refinery running welll

My dear CBN governor, are you aware that oil is produced in dollars?

Thats now what it means by selling in naira

Emary:
So the plan is to sell this man our crude at cheap rates, only for him to resell the refined products to us at even higher rates than importers currently do? Real monopoly. Well, at least after this, we should hear no more about subsidy.