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Nairaland Forum / Nairaland / General / Politics / PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel (22237 Views)
NNPC Grants Dangote License To Import Fuel / Dangote Wants Only Refinery License Holders To Import Fuel / Daily Petrol Shortfall To Hit 20m Litres Despite Dangote Refinery — NNPC (2) (3) (4)
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Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by Dpharisee: 11:27am On Jul 12, 2021 |
BlueSprint:The difference is that Igbos already know their enemies |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by nzeobi(m): 11:28am On Jul 12, 2021 |
Asgard73: Please has orient refinery started production and at what stage is the refinery now 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by jaxxy(m): 11:29am On Jul 12, 2021 |
Monopoly in the petroleum sector will be counter productive and dangerous. Should never be allowed. How will deregulation work? If Ure good enough u will sell so what is dangote afraid of? |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by sadaxinspace155: 11:30am On Jul 12, 2021 |
This Northerners and they Power seeking idea, you get fuel from the south and you build refinery in the North. what kind of idea is that. what you are near the well you will have good access to water. the only contradiction to this statement is Nigeria. southerners should borrow brain if they did not have one. later they will say igbo people get money why dey no building refinery too |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by oluwaseyi0: 11:30am On Jul 12, 2021 |
Buckeyemedia1: The government keep burning the refineries the niger deltans set up naming it illegal refinery rather than legalize them 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by BlueSprint: 11:31am On Jul 12, 2021 |
Dpharisee: You people are fulls. Exactly why we will never do anything meaningful with you. You're forced narratives of others is so stvpid. That's why Kanu with all his education fell for an ancient war trick. Ode |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by SANDAT(m): 11:31am On Jul 12, 2021 |
I thought it made provision for all refiners to import based on their last quarter production?. If my understanding is true I don't see any thing wrong with the bill 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by Grandkay21(m): 11:36am On Jul 12, 2021 |
Money is power, APC and the policy, the senators and Rep.members should remember the will no be there forever |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by francisbarrack(m): 11:39am On Jul 12, 2021 |
Amaechi2023: We all understand politics is been played n Gov. Is more concern about anything that has to do with that name |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by redcliff: 11:40am On Jul 12, 2021 |
Amaechi2023: You sound like a fooool from birth... |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by grandstar(m): 11:41am On Jul 12, 2021 |
This sections of the Bill is very retarded. It isn't forward thinking at all. Banning importation of petroleum products makes absolutely no sense. This will simply turn the largest refinery owner in the country into a ferocious monopoly. His behavior displays a hatred of competition in all forms. Nigeria's plan should be refining nothing less than 2.5m barrels of oil a day but instead is only focused on protecting the interest of the largest investor in the industry. This will strangle the sector and hold it back. Dangote would see any new player in the industry as a competitor and a threat to a monopolized market. Great damage has already been done to the construction industry by the ban on cement impirtatuin. This has simply made cement expensive and made the biggest beneficiaries of the ban Forbes billionaires. Nigerians have been given a raw deal in one industry. The second is now loading. NNPC unscrambling, privatization and commercialisation of parts in future would be at the mercy of the titan behind the Bill. NNPC's full potential needs to be unleashed for the country to benefit. The PIB should be placed on the burner for now. The oil majors never supported the Bill as they said it would adversely affect the oil industry. Rumor had it that even Kachikwu was against the Bill. That's why for years it was never passed. 5 Likes 1 Share |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by BlueSprint: 11:43am On Jul 12, 2021 |
HellAnus: Smh. But you igbos can insult other tribes abi. Smh |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by gabicon: 11:43am On Jul 12, 2021 |
MakotoShishio: Sometimes we need to see things from the lenses of a broader perspective. For decades our downstream sector was characterized by subsidiary fraud and fuel scarcity. PMB decided that since it was proving impossible to revitalise our refinery NNPC needed to be the sole importer and wholesale merchants of petrol, this initiative has solved a lot of problems, first the perception of subsidy theft has reduced, and secondly the product doesn't experience artificial scarcity at least in the past 2 years. The NNPC want to retain this model, this has informed their decision to invest in buying 20% stake in Dangote refinery. They probably hope this move will help them retain the right to price control of products thereby avoiding scarcity, there will also be reduction in freight cost as a fraction of the cost of petroleum products is incurred in transportation and also help Dangote by making sure his plant is not starved of raw material (crude oil). The question becomes what happens to the other refinery that come up before or after Dangote? This is the beauty of being the biggest and the earliest to enter into the market your operations create a barrier to entry. If I were to setup a refinery in Nigeria I will situate it in cross River state and my target market will be Cameroon. |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by SenecaTheYonger: 11:43am On Jul 12, 2021 |
Is it a refinery if fuel station? |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by BlueSprint: 11:44am On Jul 12, 2021 |
grandstar: You spoke brilliantly 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by IGBOSON1: 11:49am On Jul 12, 2021 |
Asgard73: All the idio’ts are interested in is pipeline protection rackets, squabbling over who will head NDDC, and visiting Aso Rock to promise Buhari they will deny the ‘dot’ access to the sea! Meanwhile, they’re being taken for mugs and are being serially raped by ‘one Nigeria’! 2 Likes |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by ngelebube1: 11:50am On Jul 12, 2021 |
Amaechi2023: ur affidavit for salvery is due for renewal hurry up!! |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by LagbajaTheBEREAN: 11:52am On Jul 12, 2021 |
The PIB is the new pandora box... |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by Commentor: 11:55am On Jul 12, 2021 |
Esseite: How does he become the new NNPC, when NNPC has several arms such as NAPIMS, IDSL, PPMC, all involved at various points of the oil and gas trade? Whose fault is it that whilst Dangote has been investing HUGE resources into petroleum refining, many others prefer to purchase state of the art cars and mansions? Should Nigeria wait for others to catch up before it proceeds? 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by HellAnus: 11:58am On Jul 12, 2021 |
BlueSprint: |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by eastOFwest(m): 11:58am On Jul 12, 2021 |
Asgard73: Na so dem go troway face dey sleep as herdsmen dey r.ape their women raw......until dem here "Igbo" ![]()
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Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by BlueSprint: 12:00pm On Jul 12, 2021 |
Asgard73: Imo state doesn't have crude again? 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by Nobody: 12:05pm On Jul 12, 2021 |
Commentor: I meant ironically... because he would be solely in charge of his refine or import and sales likewise as a private company. without any input from the Governement. Has Government ever said anything on the rise in cost of cement?.. No because it a private organization. |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by breathelove(f): 12:08pm On Jul 12, 2021 |
Amaechi2023:If dangote has a license to refine oil why should he need a license to import fuel. Why have a license in the first place and kill competition. Why can't Nigeria have an open market economy free from government regulations and corruption. Dangote should not need, and should not be given a license to import fuel. His business is refining it. Nigeria would never learn 1 Like |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by Commentor: 12:09pm On Jul 12, 2021 |
Esseite: I thought we all wanted free enterprise? |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by adecz: 12:11pm On Jul 12, 2021 |
⏩Yet, Osinbajo, Tinubu, Wike, South-South legislators & other Southern stakeholders are there keeping vigil as they are slowly being edged out of the economic activities of the resources that originate from their region.⏪ ❌❌❌❌ In the 2 remaining years,Buhari wants to ensure that the key activities that are crucial to the life of a nation are strictly in the hands of his people. And the way he is going, if he decides to go for 3rd, Tinubu will just be there like mumu. It is now we are seeing the good that Sarai was doing, but we didn't acknowledge him. |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by anungangampu: 12:12pm On Jul 12, 2021 |
Amaechi2023:Ignorant argument. Dangote matters is not a big man vs big man war. It's pure tribal supremacy and you know that. The cement argument is trying to play out same as the petroleum in future. Dangote owns majors licence to mine limestone in Nigeria, other players but from him so can't scuttle the market leader. Same way having to hold major licence to import petroleum product in this early stage will put other player below him in future. |
Re: PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel by Nobody: 12:12pm On Jul 12, 2021 |
Commentor: We do... would extreme monopoly be a free enterprise? Now Dangote has the largest refinery... what if he acquires the largest oil well, and a largest network of retail petrol stations. That would be a complete petroleum chain that could cripple any Government with as little as an artificial increase in price.. That is very dangerous. 1 Like |
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