Why would people go against Dangote and his refinery that would not only end the importation of refined oil, but also have ample for export?

Some Nigerians have refused to fold their hands and watch helplessly as their business is forced to collapse just to please one man.

Dangote had long said that once his refinery comes on stream, the importation of all refined oils would cease. So,
what happens to those who import the stuff and live off it? Their business either crashes or will be at the mercy of Dangote.

This time around, they weren't to be cowed. Dangote has to understand that cornering the market for himself or his company does not do Nigerians a favour. There needs to be a level playing field, and this playing field is best achieved by allowing imports. That is the only way that prices would be kept competitive and him and his refinery on their toes. It is wrong to drive others out of business for yours to thrive.

The outright ban on cement importation led to Nigerian paying insanely high prices for the product and making him Africa's richest man. There's no patriotism is gouging the very people you claim to help. No one is fooled.

Governments must end the use of import bans to fuel production. Products usually banned are those the country lacks any competitive or comparative advantage in in the first place. Any product that can't be produced in an open market should not be produced in the first place.

Nigeria has lots of products it has competitive advantage in and should focus on those. It is those industries that bring about the transformational change the country needs.

the gov is the solution to anything you just typed above....and also, its that same gov who can easily set price of oil OR even cement for that matter.

- is Dangote asking for the total ban on import?
- isnt it the gov who allowed this ONE MAN to use his money to solve what the GOV hasnt been able to do for 60yrs ?
- this issue is very easy to solve, if people focus on whats best for NIGERIA?

Dangote pasta is not cheaper, his noodles is not cheaper, neither is his cement cheaper because his sugar is not even cheaper than the ones in the market. Why wkuld someone now think his fuel be cheaper. Till date i have not read any where in the news where Dangote said the price he would sell fuel if his refinery starts operation

madone:
Dangote pasta is not cheaper, his noodles is not cheaper, neither is his cement cheaper because his sugar is not even cheaper than the ones in the market. Why wkuld someone now think his fuel be cheaper. Till date i have not read any where in the news where Dangote said the price he would sell fuel if his refinery starts operation

of course his fuel will be cheaper... because the price Nigeria buys the fuel abroad is with the mark up of the refinery AND transport back and forth from abroad AND with the yeye middle men taking their cuts. if the price aint cheaper then what is the point of the gov wasting time with Dangote refinery if he sells fuel at the same price as the imported one?

the minute Dangote sells his product more than what the gov can get it for abroad, then thats the minute the gov will do just that and put Dangote's refinery out of business. do you really think Dangote wants that? do you even think thats his aim?! the only monopoly he will have is by giving Nigerians fuel that is cheaper than what they had before...and regardless of how these fuel mafias feels, THATS BEST FOR NIGERIANS!!

MrBrownJay1:


of course his fuel will be cheaper... because the price Nigeria buys the fuel abroad is with the mark up of the refinery AND transport back and forth from abroad AND with the yeye middle men taking their cuts. if the price aint cheaper then what is the point of the gov wasting time with Dangote refinery if he sells fuel at the same price as the imported one?

the minute Dangote sells his product more than what the gov can get it for abroad, then thats the minute the gov will do just that and put Dangote's refinery out of business. do you really think Dangote wants that? do you even think thats his aim?! the only monopoly he will have is by giving Nigerians fuel that is cheaper than what they had before...and regardless of how these fuel mafias feels, THATS BEST FOR NIGERIANS!!

it will be a good thing

Between 1999-2024, the government spent over $40 billion on maintenance of refineries that aren’t working up till now. This is more than twice the amount to build two brand new Dangote refineries!

Now why is the government screaming monopoly and energy security?

OkCornel:
Between 1999-2024, the government spent over $40 billion on maintenance of refineries that aren’t working up till now. This is more than twice the amount to build two brand new Dangote refineries!
Now why is the government screaming monopoly and energy security?

thats the hypocrisy of this issue... they've done nothing for decacdes but now want to shiiit on somebody who is trying to do better than them (and make them look bad).... of course Dangote is doing it to MAKE MONEY, thats a business man, just like all these foreign refineries in Malta are. the main difference is that Dangote will employ NIGERIANS thus give back to Nigeria. its a win-win situation AND the price will be better for Nigerians.

the important question IS: is it better to have a Nigerian refinery and dealing with ONE Nigerian man who invested his hard earned cash in Nigeria (to better the lives of Nigerians and make money out of it) OR to give money to foreign companies who aint doing shiit to better Nigeria?!

grandstar:
Why would people go against Dangote and his refinery that would not only end the importation of refined oil, but also have ample for export?

Some Nigerians have refused to fold their hands and watch helplessly as their business is forced to collapse just to please one man.

Dangote had long said that once his refinery comes on stream, the importation of all refined oils would cease. So,
what happens to those who import the stuff and live off it? Their business either crashes or will be at the mercy of Dangote.

This time around, they weren't to be cowed. Dangote has to understand that cornering the market for himself or his company does not do Nigerians a favour. There needs to be a level playing field, and this playing field is best achieved by allowing imports. That is the only way that prices would be kept competitive and him and his refinery on their toes. It is wrong to drive others out of business for yours to thrive.

The outright ban on cement importation led to Nigerian paying insanely high prices for the product and making him Africa's richest man. There's no patriotism is gouging the very people you claim to help. No one is fooled.

Governments must end the use of import bans to fuel production. Products usually banned are those the country lacks any competitive or comparative advantage in in the first place. Any product that can't be produced in an open market should not be produced in the first place.

Nigeria has lots of products it has competitive advantage in and should focus on those. It is those industries that bring about the transformational change the country needs.

Be hiding to spread hate against Dangote. Dangote loves money, goes for it aggressively, but was never a monopolist or monopolistic person.
He hasn't stopped anyone from owning a refinery. Like cement, he did his homework by building them big. That's way, the scale of economy effect on refined product prices is favorable to him.
I understand Dangote to be a man who wouldn't mind snitching on or reporting any competition in his area of shared interest who goes against the rules of local production by trying to import semi or fully processed alternatives. That's what he has done to his competitors so far. He acts like a freelance class prefect, who voluntarily takes down names of noise makers and reports to the authorities if affected by their actions negatively. That doesn't make him a monopolistic person or businessman.
The NNPC and corrupt cronies bringing in adulterated fuel today are same people who are suppose to make our refineries work. They have not been able to make even one of the four available to them work and you are obsessed with what Dangote does with his freedom.

As for the bold, if Dangote could generate his own power and the unreliable PHCH couldn't crash him , what is stopping other refiners from surviving?
Can Dangote supply the whole of west Africa? That should tell you the market is big enough to accommodate all the refineries around?
How are Niger and Cameounian refineries surviving the monopoly of NNPC cheap/subsidized import? That's how NNPC too should survive Dangote refinery efficiency until they sit up and fix their own refineries or properly privatize them. Has NNPC not been converted to a Business again? What is stopping them? Let them tell nigerians same way Dangote cried out.

This NNPC corruption is hard to cover if you will be just 20% honest here.

OkCornel:
Between 1999-2024, the government spent over $40 billion on maintenance of refineries that aren’t working up till now. This is more than twice the amount to build two brand new Dangote refineries!

Now why is the government screaming monopoly and energy security?

If true then the govt spent double the amount it cost to build 650k bpd refinery on combined 450k bpd refineries. Nobody is in jail yet some compromised agents of darkness on this thread are saying Dangote is about to introduce monopoly and bla bla bla.
They prefer to employ Maltese and Europeans than to employ Nigerians. Yet they talk tough about unemployment as if they care about it.

Make we no dey deceive ourselves. The man dey show us say hard work and resilience fit conquer any saga.

Na only those wey no get vision go dey complain, while the rest of us dey learn and grow.

The lessons dey clear: when you dey hustle, e no matter the wahala, your success go speak for you.

So make we jettison the noise and focus on our own grind. Na the real deal be that!

MrBrownJay1:


of course his fuel will be cheaper... because the price Nigeria buys the fuel abroad is with the mark up of the refinery AND transport back and forth from abroad AND with the yeye middle men taking their cuts. if the price aint cheaper then what is the point of the gov wasting time with Dangote refinery if he sells fuel at the same price as the imported one?

the minute Dangote sells his product more than what the gov can get it for abroad, then thats the minute the gov will do just that and put Dangote's refinery out of business. do you really think Dangote wants that? do you even think thats his aim?! the only monopoly he will have is by giving Nigerians fuel that is cheaper than what they had before...and regardless of how these fuel mafias feels, THATS BEST FOR NIGERIANS!!

Dangote as far as I know has not opposed import. He is against import of dirty fuel that damages vehicles. Is there anyone else who owns more vehicle than Dangote in Nigeria asides all states and FG combined?
He is also against the idea of local crude being sold to him at $4-$6 pb above intl price. That effectively wipes the advantage that comes with local refining to him. Imagine at full capacity, him paying average of $5 pb times 650 bpd of his refinery out to rent seeking canals whose only justification is that Dangote took food out of their mouths. That's about $2.6m a day or about a billion dollar a year.