Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,428 members, 7,992,415 topics. Date: Sunday, 03 November 2024 at 06:07 AM

The Big Challenge With Supplying Dangato Crude in naira - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / The Big Challenge With Supplying Dangato Crude in naira (133 Views)

1st October: Lifting of crude in naira by Dangote / NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year / Crude In Commercial Quantity Discovered In Benue Trough – NNPC (2) (3) (4)

(1) (Reply)

The Big Challenge With Supplying Dangato Crude in naira by Bullfallo(m): 6:13pm On Jul 30
Dangote want Nigeria crude in naira so that he can sell a fixed price fuel to Nigeria.

With the unstable dollars exchange rate he was finding it difficult to sell fuel in naira. he made attempt to sell diesel N1000 but it backfired with few week after the naira last value. he increase the price to N1200.

He wanted a fix price of crude in naira so that he can sell a fix price of the product. If the government want him to sell fuel very cheap than the crude oil will be very cheap as well.

But the challenge is that dangote is exporting the product and selling in dollars. How can government monitor dangote after selling crude to him in naira? When he already exporting refined products. Give him cheap crude will give him a edge over others and monopoly.

Government will lose alot of money if dangote only sell 30% and export 70%.
Re: The Big Challenge With Supplying Dangato Crude in naira by Kukutente23: 6:25pm On Jul 30
This is an interesting take

Be that as it may, I think government need to sit down with Dangote and get tangible concessions from him with a view to setting an affordable price for his products especially petrol and diesel which generally affect the real sector of the economy.
Economic boom can compensate for any potential "losses" in revenue
More importantly, NNPC needs to get its refineries working!!

(1) (Reply)

UNN Faculty Presents 18-seater Bus To University Management / #EndBadGovernance Protest: Abuja Protesters Having Fun (Video) / In Future Would You Invest In Kano ?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.