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Nairaland Forum / Nairaland / General / Politics / Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero (35612 Views)
Tinubu Says He Stays In Two-Bedroom Flat - NLC President, Joe Ajaero / NNPC Hikes Petrol Prices Across Nigeria. List. / Joe Ajaero To Residents: Stock Up Your House, Imo Will Be On Indefinite Lockdow (2) (3) (4)
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Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by NinjaMetahuman: 7:01am On Jun 05, 2023 |
Flangelo12:finally, someone smart. I didn't want to believe the ajaero guy was partisan before, now he has shown he is not only partisan but also dumb like the rest of the headless mobs that goes around with empty head re echoing whatever crap they say in their coven. 2 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 7:03am On Jun 05, 2023 |
obyno82:I said don't want to be keeping stocks, I didn't say they don't keep stock .... |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 7:04am On Jun 05, 2023 |
Don't mind them, na bad belle dey worry them Bunch of miscreant renderme: 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by djseanjohn77: 7:05am On Jun 05, 2023 |
OfoIgbo: Try and make a little research, it won't hurt. Government already gave licenses in 2019 for both modular and large scale refineries... despite that, it has not helped in any way. You fail to realise that, a typical Nigerian takes advantage of every situation, rather than create competition that drives prices low, they instead compete for highest seller that drives prices up. See how many cement manufacturer, they still have a way of driving the price up, at the expense of Nigerians. These people are Nigerians, and every Nigerian businessman seeks to steal from the people. |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 7:08am On Jun 05, 2023 |
Even if they give the affairs of the government to u and ur family, the results will be worser than we see it now, since for the past 50+yrs now, government unable to have a meaningful working refinary, but u are here spitting trash 🗑️ from ur dirty mouth, pls go get some Olosho and alcohol to cool ur bigot brain 🧠down brother. Peace ✌️🕊️ I stand for,,,, ambale: |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by AareGaa: 7:09am On Jun 05, 2023 |
OfoIgbo: Peter Obi is a dumb liar. There's no way the price of fuel will come down to ₦100 even if refinery is sited in every local government 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Basicend: 7:10am On Jun 05, 2023 |
kingsways: They own Dangote refinery. . He is just a front man there. 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by udumosam23(m): 7:10am On Jun 05, 2023 |
nairalanda1: There are above 40 modular refineries in Nigeria. What stops the govt from licencing all, deregulating the price and allow for competition? Borders were closed to force Nigerians produce locally what they consume, why not implement same for crude? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 7:10am On Jun 05, 2023 |
Reference:Nigerian always want leaders to be saints when most of us are small devil's ... Agree the leaders should be saints but let it starts with us, they're so many things wrong with our systems in terms of been accountable, that's why someone would be justing for position in Abuja not necessarily because they want to serve this nation like gallant men , but because they want to suck the motherland breast dry and to what end, to pile up unintelligent wealth in some swiss vault. |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by JuanDeDios: 7:11am On Jun 05, 2023 |
richidinho:You dey mind them 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by richidinho(m): 7:13am On Jun 05, 2023 |
sapele914: Kid! |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by alhajiabdulbuha: 7:13am On Jun 05, 2023 |
This subsidy removal is bad and it end up reducing the life expectancy of poor and middle class nigerians. The nigerian elites with the political elites want to kill off all poorest of the poor nigerians by trying to annul the effect of about 75 trillion naira borrowed by Buhari's administration by removing subsidy. Nigerians better rise and fight off this new govt. 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 7:14am On Jun 05, 2023 |
I don't really know if this guy get brain 🧠at all, jmoore: 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Ezmans: 7:18am On Jun 05, 2023 |
GeneralPula: 1 Like
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Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by adecz: 7:20am On Jun 05, 2023 |
Buhari simply killed our refineries in order to make his fellow northern Muslim takeover the Nigerian oil industry. He handed Dangote the keys to the wealth of the Niger Delta. Southern leaders are too dumb, selfish and politically naive to understand what I'd going on.❌❌❌❌❌ 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by miqos02(m): 7:20am On Jun 05, 2023 |
Dotherightthing:pay rise will lead to inflation. The government needs to provide social support for citizens to reduce the impact. Once salaries are increased prices of goods and services will skyrocket again, so it makes no sense. 2 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by emmnprince(m): 7:22am On Jun 05, 2023 |
renderme: Since 2019 and non of those (43 in number) granted the licence has built one functional modular refinery! Are you sure it is not audio licence? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by ariesbull: 7:24am On Jun 05, 2023 |
LegendHero: Your education was a waste If you can't understand the concept of monopolistic competitor 2 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gabbytabby: 7:26am On Jun 05, 2023 |
They are too lazy to get their hands dirty not knowing that is where the real legal money is that and mining so they go for quick drug wins cos they would rather die than live while trying. Often times I laugh when they say succession cos I know deep down they hate anything that would take them back to their villages because of evil village people and are only hoping to immigrate to south south and take over the oil. renderme: 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by obyno82: 7:28am On Jun 05, 2023 |
9jaRealist: Have you found out why they have not been able to operate? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Warlord2014(m): 7:30am On Jun 05, 2023 |
The name Nigeria is a fraud.... If you think the government is not scooping and looting trillions of naira on a yearly bases , you may need to go for sense Implantation. Look at Qatar , Saudi Arabia and UAE...... What do you think makes them so Rich 'Oil of course '. This country get money make una leave mata. Nigeria na the biggest scam in the world.... Make una dey foolish una self dey die on top tribal bigotry for nothing..... The thing you need to fight against is ending this fraud called Nigeria.... Last time a new government was installed, and many of these trabal bigots clapped and cheered him . But I tell you, this scam don enter lever 5 (you know say 5 stars na the highest anything can get to) |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Advision: 7:32am On Jun 05, 2023 |
LegendHero: Monopoly does not mean only one supplier exist, it means one supplier dominates the markets. Also, in the cement market, dangote controls about 60% of the market with the other guys sharing the bit left. That gives him control of price. So he is right on both counts. You need to refresh your economics 2 Likes
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Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by emmnprince(m): 7:33am On Jun 05, 2023 |
chukiz: So if we all japa who will fix Nigeria? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 7:33am On Jun 05, 2023 |
renderme: But refinery wey dem never clear bush |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 7:34am On Jun 05, 2023 |
richidinho: Many of them don't know Refinery wey I no even sure whether dem clear Bush. Won't be feasible till like 2027 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Cuntface: 7:36am On Jun 05, 2023 |
renderme: SHUT UP 2 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gabbytabby: 7:38am On Jun 05, 2023 |
That is how jealous, vindictive and destructive people think and how they want to move from consumption to production. They truly have only evil plans adecz: |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by skj1377(m): 7:39am On Jun 05, 2023 |
Your kind of thinking is what got us to this mess. The crude belongs to Nigeria as such Nigerians don't have to buy it at international price. The actual cost of extracting crude can't be more than $8 while the cost of refining the crude and profit per liter is $0.023 . In other words a litre of fuel in Nigeria should be N20. The reason cost of petrol is this expensive is because of the exchange rate N460 . At an exchange rate of N127 petrol will be much cheaper. The question is why is our exchange rate so poor and the answer is because we use 70% to import fuel in dollars there by leading to a scarcity of the remaining dollars to meet other importer requirements @N460. This lead to a harmonious price of N745 as a balance between the demand and supply . So N550 is still not a final price of petrol as NNPC is the sole importer because the marketers will have to source the dollar at @N745 which unfortunately is the price dollar is available . At such an exchange rate petrol will be N1100 per liter. Don't forget with each request to import at N745 the Naira keeps loosing value something like this N745, N780, N850, N950, N1000............etc the reason for that is also because Nigeria is import dependent and NNPC is the largest foreign exchange earner. The solution to all this is to fabricate local refinaries and produce the petrol locally while exporting extra refined products to earn additional foreign exchange. If we do this the Naira will appreciate to say N80 to $ . Local fabrication means 90% of the maintenance cost will be in Naira so no need to look for dollar for that. N3TRAL: |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by GeneralPula: 7:45am On Jun 05, 2023 |
[quote author=Ezmans post=123580948][/quote] Is this Obasanjo regime? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by nairalanda1(m): 7:46am On Jun 05, 2023 |
Warlord2014: 1.Qatar produces 1.8 million barrels of crude a day and shares it among 1.2 million people. 2. UAE produces 2.2 million barrels of crude a day and shares it among 15 million people. 3.Saudi produces 10 million barrels of crude a day and shares it among 40 million people. 4.Nigeria...produces 1.8million barrels of crude a day and shares it (the revenue from the oil) among 220 MILLION people. We produce the same amount of crude as Qatar and have to share it among .......200 times the population. That's why we are poor. The per capita oil wealth is too low to make us a rich nation....which is why we got to diversify this economy self. 3 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by OGHENAOGIE(m): 7:46am On Jun 05, 2023 |
jmoore:do u Kno the system in India before comparing... ?? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by simfrost90210: 7:48am On Jun 05, 2023 |
richidinho: You no well oo🤣🤣🤣🤣 |
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