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