LegacyB:

Listen Tinubu is already made. He is fighting for Nigeria, you all will know the details later.

Bestmanfornow:
I thought Southwest is safe for investment see how they grab Dangote for balls

Kukutenla:

Lol. Who should I believe? Lying you? 🤥
Are your the one paying the subsidy?
The man says he no longer pays subsidy
So you mean Tinubu is lying?

Kukutenla:

Stop lying. What Dangote asked for is local crude supply and a ban on import of petroleum products especially diesel and kerosene which have no subsidy. This is information available in the public space na. Haba!!

trinnalar:
No no Bloomberg, it is Dangote and Tinubu not Dangote and Nigeria. Please report the news correctly.

nairalanda1:


We do, but it is under threat from subsidy, which is why it has to go.

SO, for now, we are as good as having none of it, especially since product is yet to hit the market.

Anyway, subsidy has to go for the potential to become reality

And yes, you won. For that you can go and buy two bottles of palm oil for your kids.

(As if winning matters on the internet).

nairalanda1:


Yes, the man tinubu is lying.

At the end, it does not pay to believe a nigerian politican. Especially the lot in charge.

People like you misunderstand me, because you want cheap things....and you think I am denying you of your right to cheap things.

Anyway,

Kukutenla:

You don't want cheap things?
Even billionaires do
Or why does dangote want to buy crude in naira?

Kukutenla:

Lol. But you lied
So you see I'm right now that you lie a lot just to buttress your point

nairalanda1:


If democracy, in essence, means the abolition of class domination, then why should not a socialist minister charm the whole bourgeois world by orations on class collaboration?

Lenin, What Is To Be Done?, “Dogmatism And ‘Freedom of Criticism’” (1901)

nairalanda1:


What was the year 1929 in the USA and the year 1931 in Germany and England if not a giant breakdown? The working class was not prepared for this. It did not have a Lenin, who awaited and worked towards such a moment. Rather, for decades it heard from Hilferding and Helene Bauer that a breakdown was impossible. Only such a disorientation of the working class made it possible for the ruling class to overcome the panic and to survive the breakdown.”

– Henryk Grossman

nairalanda1:


We won't have domestic refining capacity until subsidy is gone, son.

Bluntemperor:


God bless you for restating the Focus of the subject matters ,so that we don't divert attention to something else.
But people like me are not even moved by Tinubu's non- committal to fight Corruption in most of these govt entities.e g what has happened to Beta Edu- but govt have been dragging on the issues of Corruption!
So, sacking the Entire NNPC,DISCOS,etc is just a mirage in Nigeria,yet this is what NIGERIANS are expecting.
Same manner,for other Politicians, especially the Dubai Landlords -as they are just after their own Selfish Interests, different from the Masses Interest of getting 3- square Meals per day!

nairalanda1:



So, if you did a job for one of the masses, and he paid you half of what you quoted, and asked you to forget the rest because he knows you have the masses at heart, not like tinubu who wants votes, or dangote who wants money.....you would accept his argument, and take half your money

You know you would be out of money, and out of a business if you did that for the masses.

Or you would, to ensure you have enough money to even live...be like Dangote.

I don't like dangote ,myself, but I know that businesses needs to make profits.


But then again, that is trash to you.

Racoon:


https://www.bloomberg.com/news/newsletters/2024-07-23/aliko-dangote-and-nigeria-are-in-dispute-over-his-20-billion-oil-refinery

nony43:
I used to think that Dangote can’t talk. This Drug baron’s Koboko go reach everyone. For your Info Dangote is one of the beneficiaries of this corrupt system. Do you think that he will be crying if Buhari and Emefiele were in power now?

helinues:
It be like we don get emergency lovers of everything for Nigeria oo

Between Dangote and FG, who should Nigerians be supporting? Dangote is not the only business man in Nigeria to have been granted some unnecessary waivers. Those must be rectified.

Since those policies have been favouring him, we didn't hear peem

nairalanda1:
Basic problem is, the government does not want to remove subsidy.

If Dangote refinery comes on line, it means that fuel would be sold at a high price of over N1000 for it to work well. The government knows that, hence the delay tactics.

Also, those who benefit from the importation of refined products and the subsidy money would lose out. The winners would be Dangote and other domestic refineries that are coming up.

The truth is, most Nigerians prefer cheap fuel, most of the elite prefer the subsidy mechansim and imports to continue. Their interests coincide. The result is that we never ever get to domestic refining.

All because of cheap fuel.

datola:
This is really bad for Nigeria and the economy.

Things might get so worse for Nigeria if Tinubu does not take decisive actions to calm things down.

No matter the accusation against Dangote, it is still far far better than reallying on foreign products and foreigners.

chiiraq802:
Africa's richest Monopoly man.

A very wicked man, I don't give a Bleep about him.

crying because this government is not favouring him, but he is been mute since God knows when in previous Government because it favoured him.

A man his products and goods are cheaper in foreign countries than his own country. mk Thief.nubu deal with am well well.

Racoon:


https://www.bloomberg.com/news/newsletters/2024-07-23/aliko-dangote-and-nigeria-are-in-dispute-over-his-20-billion-oil-refinery

nairalanda1:



If you charged me N20000 for a job you did for me, and I paid you N5000 and told you that you have to forgive the rest because i am a poor man, you won't have much of a business left, eh, Wittyness?

If you did that for all your customers, you would be broke.


Demanding cheap fuel is why we are where we are. Calling people who want to sell that fuel at the approrpiate market price government stooges is why we are where we are.

Maybe i should call you a government stooge for demanding your full pay.




Wittyness.

nairalanda1:


We import crude oil because in the 1970's we made the decision to subsidise the price of refined products...which had the lovely side effect of making refining unprofitable...and thus our domestic refining capacity was damaged, so we had to import.

And since most of us want the fuel to be cheap, we subsidise the imported stuff, and pay high prices for it...meaning that we lose forex, and have a knock on effect on our economy


IN 1987, we refined 400000 bpd at home, by 2019 it was 6200. IN Venezuela, their largest refinery went from refining 900000bpd to less than 100000bpd over the same period. Both NIgeria and venezuela do subsides.


At the end, things need a profit to run. NO profit, problems result.

Bestmanfornow:
I thought Southwest is safe for investment see how they grab Dangote for balls

chiiraq802:
Africa's richest Monopoly man.

A very wicked man, I don't give a Bleep about him.

crying because this government is not favouring him, but he is been mute since God knows when in previous Government because it favoured him.

A man his products and goods are cheaper in foreign countries than his own country. mk Thief.nubu deal with am well well.

Badgers14:
I really feel bad for Dangote, I really do but when he was enjoying during OBJ, GEJ and Buhari regime.. he was smiling while others were crying..

Just like they say, it is turn by turn..

I remember when Obj withdrew Ibeto cement license and dangote cement rose in popularity because Ibeto covered most of the SE, SS and some SW and these are the region with the most new construction.. so , somehow ibeto was squeezed out of the game..

During ObJ tenure, once Dangote sugar refinery was almost complete.. obasanjo banned importation of sugar.. then later ban this and that because it was alleged dangote was involved in those business enterprises...