White elephant project. A refinery in tiny Lagos is a ridiculously stupid idea. Considering there are no standards in place in this country.

Hmm

Production manual for Chemical based Products like never before covering Cosmetics, Adhesives, Beverages and Food, Disinfectant, Industrial chemicals, Lubricants, Paints,Printing Inks, Stain Removers, Soaps and detergents, wood finishes etc and over 100 product formulations, processing method & Usage, Equipment & tools, quality parameter, sources of raw material, useful tips and all relevant Information.

Well, we wait and see.

All in all, for the refinery to work well subsides on petrol have to go

For a man of his calibre, this is highly embarrassing. I'm going to go ahead and doubt the veracity of this news. That man built the largest crude distillation equipments and had them transported by ship! That would be way too much time and money down the drain!

The man was never as rich and wealthy as he is projected to be.

He had always had his way to National Cake. Enriched himself by borrowing from his country.

All assets owned by him is in one way or the other connected to our National Treasure.

He not only take loans with no plan of repaying them, he goes a step further and lobbies for market monopoly as his only business survival strategy.

When he gets the monopoly, he hikes the price of whatever commodity he sells beyond the reach of the common man so as to settle his cabals in the corridor of power.

The vicious circle of their fraud will one day come to light.

What kind of headline is this?

Is Dangote no more a business genius? He should deploy some of that big brain matter to rescue his most ambitious undertaking till date, no?
Abi how can he mishandle his own project as badly as the abokis have mismanaged Nigeria for more than sixty years?

dre11:
Dangote May Forfeit Refinery Project To Nigerian Debt Recovery Agency Over Rising Debts, Long Delay
http://saharareporters.com/2021/08/10/africas-richest-man-dangote-may-forfeit-refinery-project-nigerian-debt-recovery-agency

The juvenile clueless (and mostly tribalistic) anti-Dangote drivel continues…
>

And when he starts making money now some people will say it is this it is that. Uneasy lies the head that demand to make money not spectators that wants to make money.

You and I know it will never happen

I'm tired of this Dangote Refinery. The propaganda around it is just too much.


In 2015 they claimed it'll be completed in 2018. Since then it's been postponement galore!.


Someone is playing us

.


In short, Dangote wants the key to Central bank fault so he can service the debt and complete the construction of his refinery........ Buhari will surely grant him that wish just as he commanded the CBN president in 2017 to grant Dangote unequal access to forex.


.

There is a mistake in the headline, not that he can forfeit it to Nigerians, ,..
Easy put as 'dangote might forfelt the refinery to the cabals'.. .which I guess might not happen.. this is just publish to know that he need more money to finalise his project which he will surely get from the national cake ..
National cake dey sweet to chop for this fraudster...

Sahara reporters don come with nonsense again. We all know the project is funded by loans so the debt is nothing new, unexpected or unanticipated. The refinery will pay for itself eventually.

hmmm. A colleague mentioned this debt thing last week and we doubted the possibility.

dre11:
Dangote May Forfeit Refinery Project To Nigerian Debt Recovery Agency Over Rising Debts, Long Delay
http://saharareporters.com/2021/08/10/africas-richest-man-dangote-may-forfeit-refinery-project-nigerian-debt-recovery-agency

“The $8.4 million debt represents 75% of Dangote’s net worth of $11.1 billion…”

SHEER ILLITERACY!

First, there’s a difference between personal debt and corporate debt…
Furthermore, a ledger has TWO columns - assets and liabilities. The $8.4 billion debt is OFFSET by the value of the refinery.

The ILLITERATE who wrote this “article” thinks this like the money the writer would borrow from his in-laws to buy boli…
On the corporation’s balance sheet, the value of the refinery is ADDED to its assets, and that’s likely to be MORE than any debt.
>

dre11:
Dangote May Forfeit Refinery Project To Nigerian Debt Recovery Agency Over Rising Debts, Long Delay


http://saharareporters.com/2021/08/10/africas-richest-man-dangote-may-forfeit-refinery-project-nigerian-debt-recovery-agency

it must be from yeye new media sahara ,always wishing evil to Nigeria state .the company is already working .the fertilzer section has started trucking out urea .120 truck daily i have even bought .the depot and marketing arm is completed and will start selling refined products by year end (the back ward integration proposal) the refining arm is 90 percent complete. Bad belle

I’m finding it very difficult to believe this story. The fact that it was published by Sahara reporters even made it more unbelievable. Hopefully, Dangote will issue a statement later to debunk what Sahara reporters is speculating.

Oga Dangote is looking for refined petroleum products lifting license and the new PIB just gave him that. Una go wait tire.

I no dey do pass my self for any capital investment.

If eno work, I sell am japa.

Let me go and see my cousins in Niger republic.

Bukasint:


Thank You Jesus

Please leave Jesus out of this

Macsjebs:
Seems, his personal assets is different from business because I don't understand how Africa's richest man would incur such huge debt

So you guys didn't know before?

Being a billionaire does not necessarily mean you have billions of dollars lying around in your bank account

Gamer999:
God bless Sony interactive entertainment ;God bless the United States ;God bless Nigeria ;God bless Kogi state; God bless the good people of Okene

one of, if not the most wicked tribe in Nigeria. Always fighting and knacking people jazz

Big man, big problem

Educationalserv:
it must be from yeye new media sahara ,always wishing evil to Nigeria state .the company is already working .the fertilzer section has started trucking out urea .120 truck daily i have even bought .the depot and marketing arm is completed and will start selling refined products by year end (the back ward integration proposal) the refining arm is 90 percent complete. Bad belle

I have been to d refinery, Sahara reporters want people against Dangote and Government. No matter the method of funding it's a win win. The project is cool and almost completed. Fertiliser is running already.

They are trying hard to force Dangote out of his refinery

First they said NNPC must own 20% shares, now they are wishing him evil of not been able to pay his loan

India has the biggest refinery
And Indians are building your refinery
Are you not aware of sabotage
His Indian managers own choice property all over the globe while treating his staff like clowns

I hope dangote wakes up

seunmsg:
I’m finding it very difficult to believe this story. The fact that it was published by Sahara reporters even made it more unbelievable. Hopefully, Dangote will issue a statement later to debunk what Sahara reporters is speculating.

Sadly, the “article” is a succinct example of functional ILLITERACY that often dominates public discourse and commentary in Nigeria…
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Dead on arrival
The oil subsidy cabals will never allow it to commence production if that happens

He think he can build empire with buying and selling