bennybuhari:
I agree..the Coastal road is a misplaced priority by the govt

It's too costly!
At a time the economy is not very viable, you commit to such an expenditure, not wise at all.

Thank goodness they know this

We are in a state of emergency. The cost of living in Nigeria now is too high. Anything that can be done to bring down the cost of living will calm the mood of the people. The suffering is just too much”.

Sheuns:
Someone invested his money into a venture and you expect him not to think of making profits?

Why can’t Mr. Sagay invest his money into garri production and sell at 300 naira a paint to help the masses.

The government put the masses in a mess and you expect a business man to come clear the mess he is also experiencing as well?

If the government can pay subsidy on imported fuel, why not allow Dangote refinery refine crude and pay him that subsidy instead. At least the money remains in the country.

They forgot that the govt have four refineries under them that can cancel out any perceived monopoly from Dangote. This whole desperation is driven by two things. Greed of those in power for personal gain and Need to offset the financial pressure they find the system in.

SmartPolician:
When people who have never in their miserable lives run a successful business talk, you don't need anyone to tell you. Imagine the nonsense this supposed old man is saying.

Where was your constitution when Dangote was running up and down looking for where to get the money to build his refinery?

The reason why other Billionaires invest outside Nigeria 😡

Shame on these people 😞😠😞

“Of course, he also wants monopoly because if they don’t import now and there is no other local source of production, he will total monopoly and can dictate the price. That is really frightening”.

“We are in a state of emergency. The cost of living in Nigeria now is too high. Anything that can be done to bring down the cost of living will calm the mood of the people. The suffering is just too much”.

Suddenly they realize there is hardship when opportune to make a scapegoat out of a businessman.
Why not fix the refineries under you instead of poking nose into private affair.
If Dangote cant get crude, where will public refineries get any to refine if the manage to work?

I used to respect this old man 😞💔💔💔

naija4life247:

List the life achievements of your biological father here, let us compare it with that of our erudite professor of Law

Useless talk of a useless lawless professor you mean? Sagay, Soyinka, Bakare are all tribal bigots.
Anyway, let Tinubu attempt to nationalize the Dangote Refinery and see how Northerners will quickly annihilate Yorubas in 30 days.

So he built it, just to be sold to the government. Haa! Dangote really lost this

Constitution kwa. Troublé finders una don collect bribe from the European refineries.

nairavsdollars:
Prof. Itse Sagay (SAN), a renowned constitutional lawyer on Monday says the constitution allows the federal government to take over the Dangote Refinery and then sell the products at the prices Nigerians can afford.

Speaking in an exclusive chat with TheScrutinyNG on Monday, Sagay, former chairman of the Presidential Advisory Committee Against Corruption (PACAC) added that the FG can pay a compensation to the owner, Aliko Dangote and then returned the refinery back to him after the other local refineries have started production.

Dangote has been having a running battle with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the quality of petroleum products at his refinery, as the CEO, Farouk Ahmed, claimed that petroleum products from his refinery are substandard.

In his reaction, the business tycoon made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited.

Speaking with our correspondent, Sagay said Dangote does not mean well for the suffering masses but only concerned about making maximum profits from the refinery.

“Honestly, we are going through a sort of emergency right now. Under section 305, the Nigerian government has power to take over the refinery and pay appropriate compensation to the owner”.

“The way I see Dangote and the way he operates, he is waiting to maximise the price. I also think the reason Dangote is not happy is because the price has not risen up to N1,000 per litre. He was waiting for that to happen but it is not happening”.

“They were still importing and keeping the price down to N600 per litre that is why Dangote is frustrated. It is not that he loves Nigerians and want to help us or anything. He wants the maximum price. That is the cause of this conflict between him and the federal government”.

“Of course, he also wants monopoly because if they don’t import now and there is no other local source of production, he will total monopoly and can dictate the price. That is really frightening”.

“We are in a state of emergency. The cost of living in Nigeria now is too high. Anything that can be done to bring down the cost of living will calm the mood of the people. The suffering is just too much”.

“So, it is within the powers of the federal government to take over the refinery. They can then sell at the price that Nigerians can afford and then pay him compensation. They can then hand it over back to him when other refineries in Nigeria, like the one in Port Harcourt, Warri and Kaduna have started producing. He can then continue as a private operator and sell at any price he deems fit”.



https://thescrutinyng.com/2024/07/22/constitution-empowers-fg-to-take-over-dangote-refinery-pay-him-compensation-sagay/

I strongly believe that's the best way to go!

bennybuhari:
I agree with the man. Dsngote doesn't mean well for poor Nigerians

we told them exactly this when they were using dangote to score cheap political posts for tinubu, they called us namse now that reality is with them now, what an obiduenr sees sitting comfortable in his back chair and agbodirian can't see even from top of an iroko

Has Sagay suddenly gone mental?

drlateef:




You are talking like a devil. So, because he was running helter skelta, it then means he should kill Nigerians because he wants to be the biggest billionaire in the world? You think government has no responsibility to the welfare of the people?

FG should take over Oando .. owned by Tinubus first

[color=#990000][/color]oga see you see yaba left...na small small e dey take start

Chinkoalhaji34:
E go make sense if FG fit take over and run am better. No be say make dem just dey watch while we dey import fuel like say na dem dey produce am. Time to leverage on our own resources, abeg!

SmartPolician:
When people who have never in their miserable lives run a successful business talk, you don't need anyone to tell you. Imagine the nonsense this supposed old man is saying.

Where was your constitution when Dangote was running up and down looking for where to get the money to build his refinery?

The CBN directly provided most funding

All these chop clean mouth lawyers.

specialmati:
you elect criminal and rogues and you expect good life

He's better than the Pandora Criminal

JAMO84:
He's better than the Pandora Criminal

ok

SmartPolician:
When people who have never in their miserable lives run a successful business talk, you don't need anyone to tell you. Imagine the nonsense this supposed old man is saying.

Where was your constitution when Dangote was running up and down looking for where to get the money to build his refinery?

But dangote use our dollar at subsidized rate to build the refinery.

Am not really a fan of Dangote, but I don't like the way they are treating him.

Govt should look dispassionately at the bigger picture. Is it more profitable to continue paying subsidy to fuel importers or to give a fraction of that money to Dangote, if in the end it guarantees cheaper fuel for us?

Chinkoalhaji34:
E go make sense if FG fit take over and run am better. No be say make dem just dey watch while we dey import fuel like say na dem dey produce am. Time to leverage on our own resources, abeg!

And how did you think someone that can’t build his own or even repair his own refinery can manage it?

Jeans601:


But dangote use our dollar at subsidized rate to build the refinery.

So?

bennybuhari:
I agree with the man. Dsngote doesn't mean well for poor Nigerians

But he is a businessman. How much did your government invest in this project?

See this kind of reckless talk is the reason why foreign investors are afraid of investing in Nigeria.

This old bastardd with his big mouth always talking rubbish

naija4life247:


List the life achievements of your biological father here, let us compare it with that of our erudite professor of Law

Professor of law my foot.

SmartPolician:
When people who have never in their miserable lives run a successful business talk, you don't need anyone to tell you. Imagine the nonsense this supposed old man is saying.

Where was your constitution when Dangote was running up and down looking for where to get the money to build his refinery?

I never heard this kind of nonsense before. Even a military junta will not do what he is saying.

drlateef:




You are talking like a devil. So, because he was running helter skelta, it then means he should kill Nigerians because he wants to be the biggest billionaire in the world? You think government has no responsibility to the welfare of the people?

How has Dangote killing or killed Nigerians?
What has the FG that owns 4 refineries done to help the Nigerians you talk about?
A shameless govt that is still importing refined fuel when there is a local refinery that can refine and give you what you want.
All what is required is for the government to give Dangote a quota of crude oil and agree on the prices the refined products must be sold by him. And he must not violate the agreement. Period!
But the government officials themselves have interests in the fuel importation business! That is the problem!

nairavsdollars:
Prof. Itse Sagay (SAN), a renowned constitutional lawyer on Monday says the constitution allows the federal government to take over the Dangote Refinery and then sell the products at the prices Nigerians can afford.

Speaking in an exclusive chat with TheScrutinyNG on Monday, Sagay, former chairman of the Presidential Advisory Committee Against Corruption (PACAC) added that the FG can pay a compensation to the owner, Aliko Dangote and then returned the refinery back to him after the other local refineries have started production.

Dangote has been having a running battle with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the quality of petroleum products at his refinery, as the CEO, Farouk Ahmed, claimed that petroleum products from his refinery are substandard.

In his reaction, the business tycoon made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited.

Speaking with our correspondent, Sagay said Dangote does not mean well for the suffering masses but only concerned about making maximum profits from the refinery.

“Honestly, we are going through a sort of emergency right now. Under section 305, the Nigerian government has power to take over the refinery and pay appropriate compensation to the owner”.

“The way I see Dangote and the way he operates, he is waiting to maximise the price. I also think the reason Dangote is not happy is because the price has not risen up to N1,000 per litre. He was waiting for that to happen but it is not happening”.

“They were still importing and keeping the price down to N600 per litre that is why Dangote is frustrated. It is not that he loves Nigerians and want to help us or anything. He wants the maximum price. That is the cause of this conflict between him and the federal government”.

“Of course, he also wants monopoly because if they don’t import now and there is no other local source of production, he will total monopoly and can dictate the price. That is really frightening”.

“We are in a state of emergency. The cost of living in Nigeria now is too high. Anything that can be done to bring down the cost of living will calm the mood of the people. The suffering is just too much”.

“So, it is within the powers of the federal government to take over the refinery. They can then sell at the price that Nigerians can afford and then pay him compensation. They can then hand it over back to him when other refineries in Nigeria, like the one in Port Harcourt, Warri and Kaduna have started producing. He can then continue as a private operator and sell at any price he deems fit”.



https://thescrutinyng.com/2024/07/22/constitution-empowers-fg-to-take-over-dangote-refinery-pay-him-compensation-sagay/

Sagay is wrong on this!
What has the FG that owns refineries done to help the Nigerians to reduce the price of refined products?
A shameless govt that is still importing refined fuel when there is a local refinery that can refine and give you what you want.
All what is required is for the government to give Dangote a quota of crude oil and agree on the quantity and prices of the refined products that must be supplied and sold by him. And he must not violate the agreement. Period!
But the government officials themselves have interests in the fuel importation business! That is the problem!

I don't even understand the noise of monopoly when the FG already says its refineries are going to start producing refined products very soon
Sometimes, monopoly can be used to achieve some positive results, even if in the short term. The Dangote refinery maybe used as case study in the interim to learn a few things and issues in the industry, and then other refineries can also come on boar to fill in the gap where necessary. We should stop demonizing people who take risks to invest in the country.

maiunguwar:
There's a grand conspiracy to disposess Dangote of his hard work.Billions of dollars have been sunk on government owned refineries to no avail.Now this sagay slowpoke is talking of government taking over an individual effort so they can render it comatose and continue there pillaging of the commonwealth.Nigeria is overdue for war and blood shed

Dangote made a big error by citing that refinery in Lagos. He knows what those thieves are capable of and that is why he wants to cut his losses and sell to them.

They can accuse him of sponsoring terrorism and arrest him or push him to exile.

The same way that hypocrite Sanusi took over Erastus Akingbola and Cecelia Ibrus banks because they did not give Saraki his friend money for free.

Those who would have backed Dangote like Buhari are no longer in power.

naija4life247:


List the life achievements of your biological father here, let us compare it with that of our erudite professor of Law

T.U.NDE.R fire you and your entire generation for supporting that old prof. You are supporting rubbish because it is a Yoruba like you at helms or you profiting from this government.
Mind you, am Yoruba
Over the years, what happened to the government owned refineries. All plundered

You keep crying of monopoly from dangote. This is just pure jealousy. You prefer importation to buy local content.

Chinkoalhaji34:
E go make sense if FG fit take over and run am better. No be say make dem just dey watch while we dey import fuel like say na dem dey produce am. Time to leverage on our own resources, abeg!

FG that crashed 4 refineries should take over? 🤡