Esseite:


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 station. 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.

What is dangerous about it?

Did the government not issue out all forms of refinery licences?

Should they wait till others catch up even as there is no promise of that?

Stop resorting to primitive thoughts.

Amaechi2023:
for goodness sake, why does the media have to make everything come from s tribal perspective?
I mean for what sake?
the bill clearly approved for those with active refinery license and if dangote is the only one with those license, why on earth is the media trying so hard to fuel ethnic tension to illiterates?
many of us knows that several other Nigerians have stakes and investment in dangote refinery and it is the goal of every business to monopolize its product and deal with competitors.
if dangote is doing that, why the fowl cry?
innosson is forcing its cars down the troath of the govt despites its heavy price but yet Buhari led govt still compress itself to help innoson.
anyone that takes the affairs of big men into tribal war must be a fool and has achieved the hidden goal of this post.

last time it was one rubbish rumour that dangote sells cement at Mozambique or so for 1,300 but a quick check shows Nigeria has one of the cheapest cement price in Africa..
people were raining insults on dangote but refused to ask themselves why ibeto cement and others weren't cheaper.
rubbish entity..

MONOPOLY is always against the interest of the people.....Government shouldn't be helping in enshrining monopoly even if that's the goal of all businesses. The cry is as a result of government using its arm to further enshrine this anti people element called monopoly.

This is a welcome development, I support the government on this decision.

Commentor:


What is dangerous about it?

Did the government not issue out all forms of refinery licences?

Should they wait till others catch up even as there is no promise of that?

Stop resorting to primitive thoughts.

Did you read the PIB bill?... if you cant see the dangers in that level of monopoly, then there is no point.

Otedollar will not be happy with his friend sneaking this into the bill

What is actually wrong with those at the helm of affairs in this country? the reason for the speedy passage of the bill is to give people like Dangote MONOPOLY in the oil and gas sector just like they did in the Cement and Sugar sector..

Look at how ridiculous the price of cement is today despite getting the limestone and other raw materials in Nigeria. How can you kill a FREE MARKET just to give monopoly to your brother because you have the power to do so.. what kind of nonsense is happening in this country for God's sake. So one man will be the one making decisions for a country of over 200 million people, imagine!

Look at agriculture sector, everything there has been destroyed from unfavourable policies that our agricultural produce are now being rejected all over the world because they fail to meet standards.

This country is heading downhill with the monopoly given to the likes of Dangote in everything.
Why didn't he compete in the tomato paste and sphaghetti/noodles sector?

Plomo:
Ha

There’s definitely something we don’t know.

The senators representing the south are probably being blackmailed cos WTF?

They are not being blackmailed, they are fools

Amaechi2023:
for goodness sake, why does the media have to make everything come from s tribal perspective?
I mean for what sake?
the bill clearly approved for those with active refinery license and if dangote is the only one with those license, why on earth is the media trying so hard to fuel ethnic tension to illiterates?
many of us knows that several other Nigerians have stakes and investment in dangote refinery and it is the goal of every business to monopolize its product and deal with competitors.
if dangote is doing that, why the fowl cry?
innosson is forcing its cars down the troath of the govt despites its heavy price but yet Buhari led govt still compress itself to help innoson.
anyone that takes the affairs of big men into tribal war must be a fool and has achieved the hidden goal of this post.

last time it was one rubbish rumour that dangote sells cement at Mozambique or so for 1,300 but a quick check shows Nigeria has one of the cheapest cement price in Africa..
people were raining insults on dangote but refused to ask themselves why ibeto cement and others weren't cheaper.
rubbish entity..

God bless you Bro.

If I had been the one to reply these fools, I would have been more brutal.....

The PIB is DOA..
it is as fruadulent as the 1999 Constitution..

Ibime:
Otedollar will not be happy with his friend sneaking this into the bill

"Sneaking' is the right word here.. most of these investors go to governmemt agencies to sneak in what they want into bills and policies of which is very wrong.
The country should be people- oriented and job-oriented not individual-gain oriented.

This is why I am very pissed with those rep members and senators from South, they are not intelligent atal.

Kpobaridaniel:
Why will they have to Import Fuel? Are they not suppose to be refining Fuel?
Imagine building a refinery and using the license to secure monopoly of fuel importation!


Well now we know the real reason for the hurriedly built refinery!

I believe the provision for importation here is in 2 folds; (a) to cover gaps in demand in a scenario where production either falls short or there's an increase in demand beyond production. (b) to encourage licensee to develop the asset and not rely on imports

There is nothing really serious here, the problem is with the reporting of the news. It is skewed to make Dangote look the villan. How come no one had embarked on a project of such magnitude among the other rich Nigerian. Opportunity does not wait for the unprepared.

Mynd44:


Actually Dangote is not the nig one with an active refining license. Oando has one and some other coporations

...and the problem is that they hold the license and not developing there project. Oando has had refinery aspiration on its website for more than a decade yet there is no refinery on ground. It's because the provision for importation is a disincentive for building local refining capability

Haha so DANGOTE and NNPC will import fuel.
Of which NNPC is buying stake inside DANGOTE.

The north are truly taking over.

He mumu of the south is getting clear.

Dear south, If una like no unite.

Illiterate ruling over the learned. What an irony of Nigerians st*pid*ity

Amaechi2023:
for goodness sake, why does the media have to make everything come from s tribal perspective?
I mean for what sake?
the bill clearly approved for those with active refinery license and if dangote is the only one with those license, why on earth is the media trying so hard to fuel ethnic tension to illiterates?
many of us knows that several other Nigerians have stakes and investment in dangote refinery and it is the goal of every business to monopolize its product and deal with competitors.
if dangote is doing that, why the fowl cry?
innosson is forcing its cars down the troath of the govt despites its heavy price but yet Buhari led govt still compress itself to help innoson.
anyone that takes the affairs of big men into tribal war must be a fool and has achieved the hidden goal of this post.

last time it was one rubbish rumour that dangote sells cement at Mozambique or so for 1,300 but a quick check shows Nigeria has one of the cheapest cement price in Africa..
people were raining insults on dangote but refused to ask themselves why ibeto cement and others weren't cheaper.
rubbish entity..

ooooh why nah, get facts straight before posting abeg. Compare the prices of Hyundai KIA and innoson vehicles in Nigeria them come back to comment again

Kpobaridaniel:
Why will they have to Import Fuel? Are they not suppose to be refining Fuel?
Imagine building a refinery and using the license to secure monopoly of fuel importation!


Well now we know the real reason for the hurriedly built refinery!

My thoughts exactly!

This is very dangerous for Nigeria. If such monopoly is passed into law.

By the time the bill becomes law, the Dangote refinery, which has a 650,000-barrel per day refining capacity, would be in operation, making him the only license holder that would be able to import any substantial amount of petrol

And some of you IDIOTS from the South are clamoring for ONE NIGERIA and at the same time would tell us how rich Dangote is.

Asgard73:


So when the then governors were asking for right to buy .. you were sleeping
Even dangote wanted to buy out eleme.. the government refused

You know how many pushes .. Niger delta personnel have done to federal government for rights to build and was rejected

Who gave dangote right ..

You don’t know .. don’t mean its not happening or never happened

Do you about orient refinery? And how it came to be?

He seems to be ignorant.

kayfra:
Many people have refining licenses. Stop hyperventilating

Once upon a time, there were many cement factories in Nigeria .. use ur tongue and count your teeth.. Dangote is an undertaker once he comes into a sector he does everything to create a monopoly .. that the only way his business can survive and stupid Naija .. he invented the word lobby.. and our retarded govt officials collect and grant him the exclusive right to exploit us... retards

We'll still be importing fuel? What's the refinery for sef

Lush100:
Haha so DANGOTE and NNPC will import fuel.
Of which NNPC is buying stake inside DANGOTE.

The north are truly taking over.

He mumu of the south is getting clear.

Dear south, If una like no unite.

Illiterate ruling over the learned. What an irony of Nigerians st*pid*ity

the annoying thing is that those retard southern senators and the house of reps sellouts will collect dollars (they call it lobbying, I call it bribery ) and sell us out to be exploited .. while the north strategizes as one regardless of party affiliations on how to take total control...

i am sure some heavy lifting has been going round.. those who know know.. dangote don finish work.. make una sit down there..

Basicend:
Dangote has always enjoyed monopolistic market and that's is because he knows the keys to the government.

He is not a genius per say but a government manipulator.

If I have such privileges , I will be equally successful.

I beg to differ; Dangote is an extremely smart genius; that explains why he always wins whilst everyone else queues behind him to lament....

The backward integration policy which is about to make Dangote the sole importer of petroleum products has been in existence since 2005. The backward integration policy states that once there's substantial local production capacity, import licences will be renewed for only players who have established local production (or refining) plants. The idea is to encourage big players to set up local production plants instead of relying on import import and import.

The big question now is, why does everyone always wait for Dangote to be the first to take advantage of these policies, only to return and start lamenting Dangote's success? This policy has been there since 2005; govt has been begging big oil players to take licenses and build refineries, but instead, everyone else chose easy profits through importation. Now Dangote os about stealing the entire market share by merely being the 'smartest', we already have fellows lamenting.

Thank you for your comment. Interestingly more than 20 companies have active refining licenses but would Nigerians ever research?

Amaechi2023:
for goodness sake, why does the media have to make everything come from s tribal perspective?
I mean for what sake?
the bill clearly approved for those with active refinery license and if dangote is the only one with those license, why on earth is the media trying so hard to fuel ethnic tension to illiterates?
many of us knows that several other Nigerians have stakes and investment in dangote refinery and it is the goal of every business to monopolize its product and deal with competitors.
if dangote is doing that, why the fowl cry?
innosson is forcing its cars down the troath of the govt despites its heavy price but yet Buhari led govt still compress itself to help innoson.
anyone that takes the affairs of big men into tribal war must be a fool and has achieved the hidden goal of this post.

last time it was one rubbish rumour that dangote sells cement at Mozambique or so for 1,300 but a quick check shows Nigeria has one of the cheapest cement price in Africa..
people were raining insults on dangote but refused to ask themselves why ibeto cement and others weren't cheaper.
rubbish entity..

Amaechi2023:
for goodness sake, why does the media have to make everything come from s tribal perspective?
I mean for what sake?
the bill clearly approved for those with active refinery license and if dangote is the only one with those license, why on earth is the media trying so hard to fuel ethnic tension to illiterates?
many of us knows that several other Nigerians have stakes and investment in dangote refinery and it is the goal of every business to monopolize its product and deal with competitors.
if dangote is doing that, why the fowl cry?
innosson is forcing its cars down the troath of the govt despites its heavy price but yet Buhari led govt still compress itself to help innoson.
anyone that takes the affairs of big men into tribal war must be a fool and has achieved the hidden goal of this post.

last time it was one rubbish rumour that dangote sells cement at Mozambique or so for 1,300 but a quick check shows Nigeria has one of the cheapest cement price in Africa..
people were raining insults on dangote but refused to ask themselves why ibeto cement and others weren't cheaper.
rubbish entity..

may amadioha punish you,who made dangote a billionaire? Please dangote supposed to b3 serving life imprisonment by now ,i repeat dangote is criminal with his abboki brothers

MakotoShishio:


https://saharareporters.com/2021/07/12/revealed-petroleum-industry-bill-would-permit-only-dangote-refinery-nnpc-import-fuel-if

Quoting from your write up “If passed in its current form, the Senate version of the Petroleum Industry Bill will only permit two entities to import petroleum products into Nigeria: those who own active refining licenses and the Nigeria National Petroleum Corporation Limited.” Now was Dangote mentioned in the bill? And two is Dangote refinery the only private refinery in Nigeria?
Meanwhile some people that can’t read already jumped on the bandwagon. And these are educated folks - the miseducation of imbeciles.

Ykc2:
may amadioha punish you,who made dangote a billionaire? Please dangote supposed to b3 serving life imprisonment by now ,i repeat dangote is criminal with his abboki brothers

Igbo/Ibo hatred na today? Go and hug a transformer if Dangote’s riches pained you.

grandstar:
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.

The whole thing is a disgusting exercise in corruption. Unfortunately, most Nairalanders (and probably most Nigerians) fail to see this for the robbery of the entire Nigerian masses that it is, and prefer to frame it in simplistic, nonsensical "North vs South" terms. Seeing as northerners already have lower incomes on average than their southern counterparts, they actually stand to suffer more from this new scheme to enrich Dangote and his paid-for-politicians, but they won't stand a chance of seeing it that way given the "evil northerners" cast the issue has now been given - thus virtually guaranteeing the survival of yet another economically ruinous piece of mislegislation.

MakotoShishio:


https://saharareporters.com/2021/07/12/revealed-petroleum-industry-bill-would-permit-only-dangote-refinery-nnpc-import-fuel-if

This is stupidity from Sahara reporters!! The point of building a refinery is to prevent having to import petrol. By the way, NNPC does all the importing of petrol at the moment. When it was opened up to the public under GEJ, it was full of fraud

obailala:
I beg to differ; Dangote is an extremely smart genius; that explains why he always wins whilst everyone else queues behind him to lament....

The backward integration policy which is about to make Dangote the sole importer of petroleum products has been in existence since 2005. The backward integration policy states that once there's substantial local production capacity, import licences will be renewed for only players who have established local production (or refining) plants. The idea is to encourage big players to set up local production plants instead of relying on import import and import.

The big question now is, why does everyone always wait for Dangote to be the first to take advantage of these policies, only to return and start lamenting Dangote's success? This policy has been there since 2005; govt has been begging big oil players to take licenses and build refineries, but instead, everyone else chose easy profits through importation. Now Dangote os about stealing the entire market share by merely being the 'smartest', we already have fellows lamenting.

There's nothing particularly "smart" about always getting the best possible terms from an interventionist government, often at the expense of would-be competitors, and almost always in the form of government subsidies, both hidden and direct. The real issue is the foolishness of all those who defend this paradigm of limitless greed even though they aren't even being paid to do so.

Another monopoly

Asgard73:
This is complete hijack of Niger Delta crude..

.... and they’re all sleeping..and snoring.. on a a speeding BMW power bike.

Enjoy

After considering so many things about Nigeria recently, I realized that Niger Deltans (I don't want to call them the dumbest ethnic group in Nigeria because I don't curse) are willing to be used, re-used, dumped and to be re-used whenever necessary. And their elites are the dumbest set of people under the sun.

I am Igbo but their situation in Nigeria pains me even more than the marginalization talked about by our people.

In case you know anybody from Ogoni land, please tell them that they're not thinking at all. Tell them that their best bet to enjoying the wealth under their feet is not by militancy or shutting down Shell installationn. Their best bet to profit from the crude oil in their land on long term is to own modular refineries all over their land, in fact, since they can't afford Dangote-size refinery, they should build refineries all over states in Nigeria and completely be in charge of how much petrol is sold in West Africa not just Nigeria. This's what Northerners would've done for their people if the crude oil was situated in Northern Nigeria. Go ahead and convert every so called illegal refinery in the creek to official modular refinery. Let state legislatures in the Niger Delta unanimously sign it into law. The oil is yours and you can do anything you want with it right now in current Nigeria.

They can certainly use instrument of state to do this even in current Nigeria. Whatever it would take them to dominate modular refinery business in Nigeria, even if it means going to war against Nigeria, they should do it because that's the only way they'll reap from the oil in their land not by taking huge bribes from the corrupt Nigerian system.

How on earth are they not the ones owning refineries in all states in Nigeria since 1960? They should be the ones building refineries!!. How stupid could a people be!!. They have no excuse whatsoever not to be the wealthiest part of Nigeria.