rvp2018:
Biggest benefit will be lack of petrol queues - subsidies just create huge mess. Secondly, 12B savings hopefully will be invested in electricity.

I'm really happy he had the balls to do it. His first meeting was with the CBN governor and the GMD NNPC. it all seems the naira has been pegged closer to or around N600/1.

In the coming months, Fx arbitrage should be gone too, that was very wasteful and only benefitted the elite.

Ghana today lost her illustrious daughter to the cold hand of death .

Prof Ama , one of african greatest writer rest on .....


https://www.youtube.com/watch?v=BDIXLZaC7ws

Subsaharan:


I'm really happy he had the balls to do it. His first meeting was with the CBN governor and the GMD NNPC. it all seems the naira has been pegged closer to or around N600/1.

In the coming months, Fx arbitrage should be gone too, that was very wasteful and only benefitted the elite.

Tinubu is currently between a rock and the deep blue sea 😂

Dangote soon will buy Senate to impose import ban of refined fuel - to "save dollars". Abuja will play along after getting huge bribes. Then he will monopolize the market.

Subsaharan:


The NMDPRA would begin to Issue import licenses to anyone who wants to bring in the product. The market is now fully deregulated. This is 46 years in the making. Dangote would have to compete with other marketers if his products don't cut it, he should export it to gain Fx. The Saudis and Indians are making a killing by exporting their diesel and importing cheap Russian petroleum products

https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Profiting-From-Its-Record-High-Diesel-Trade.html

He will also have to contend with the NNPC for market share. The Port Harcourt refinery would soon come online. demand and supply.

rvp2018:
Dangote soon will buy Senate to impose import ban of refined fuel - to "save dollars". Abuja will play along after getting huge bribes. Then he will monopolize the market.

You and this Dangote, Dangote, Dangote. He is not even that popular in Nigerian business and political discussion as you make him here.

Dangoteland owns the Zoo via Abuja.

GeneralDae:

You and this Dangote, Dangote, Dangote.

rvp2018:
Dangoteland owns the Zoo via Abuja.

Shut up.


The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is ready to issue licences to companies interested in petrol importation.

Speaking to journalists on Tuesday, Farouk Ahmed, chief executive officer of NMDPRA, said the criteria for importing kerosene and diesel will be applicable for the importation of the product.

However, Ahmed said several conditions have to be met before the applicants are granted licences.

“There are a lot of conditions to be met before you are given a licence to import petrol,” he said.

“I cannot give you all the rundown now but I can tell you that just the way marketers import diesel or jet kero, there are conditions for all that and the same condition will apply to those who want to import premium motor spirit (PMS).”

Only companies that are lessees producing crude oil and/or condensates or who are holders of crude oil refining licences are eligible to supply wholesale petroleum liquids (including petrol importation), according to section 197 (2) of the Petroleum Industry Act (PIA) 2021.

While the PIA empowers the NMDPRA to issue licences to refiners or producers of crude oil, the regulation, in sections 73 (3) and 111 (1), provides that the minister of petroleum must approve such licences.

Currently, the Nigerian National Petroleum Company (NNPC) is the last-resort supplier, tasked with importing refined petrol to ensure adequate supply and distribution in the country.

Through the direct sale, direct purchase (DSDP) scheme, the country exports crude oil and exchanges it for refined petroleum products.


https://www.thecable.ng/nmdpra-were-ready-to-issue-petrol-import-licence-to-interested-companies/amp

GeneralDae:

Tinubu is currently between a rock and the deep blue sea 😂

Most Nigeria are actually having an optimistic view and supporting Him.

But I won’t lie, he’s in a very hard place now.

No wonder he said nobody should pity him that he asked for the job.


https://www.youtube.com/watch?v=8ROzDk7yKgQ

rvp2018:
Dangote soon will buy Senate to impose import ban of refined fuel - to "save dollars". Abuja will play along after getting huge bribes. Then he will monopolize the market.

this is probably what is going to happen by next year.

We watch

Honestly, I expected this level of incompetence from a wartorn country.

Despite $30 billion of debt mostly belonging to western private lenders while China only owns I believe around $2 ~ $3 billion of Ghana's debt, the westerners like the Paris Club aren't the ones calling their debt in. China is.

Ghana's reliance on Chinese loans for large-scale projects has put the government at risk of losing future energy sales and a portion of earnings from mineral resources. If they had defaulted, they might have lost the control of their own resources just to pay off their own debt to China. Ghana nominal GDP took a nose dive from $72 billion in 2022 down to an estimated $66 billion in 2023 and whose economic growth will not recover back to normal levels pre-pandemic until 2027 (5%) assuming nothing else goes wrong.

So, basically the country got poorer overall.

edit:

Well, its been declining since 2021.

https://africa.businessinsider.com/local/markets/ghana-may-lose-control-of-its-resources-to-china-if-it-defaults-on-its-debt/dz2mdh2
https://www.statista.com/statistics/447486/gross-domestic-product-gdp-in-ghana/
https://www.statista.com/statistics/447479/gross-domestic-product-gdp-growth-rate-in-ghana/

ImpregnaTor:
this is probably what is going to happen by next year.

We watch

Won't surprise me considering how corrupt Nigeria is.

He did the same shit with cement industry if I remember correctly. When monopolies hurt consumers they harm the economy destabilizing and controling the market. Hurt Nigeria growth even further.

QueenNyakim:


Won't surprise me considering how corrupt Nigeria is.

He did the same shit with cement industry if I remember correctly. When monopolies hurt consumers they harm the economy destabilizing and controling the market. Hurt Nigeria growth even further.

Wat did he do with cement.
Are u ppl jst incapable of been truthful for once or ur aim of coming to this world is to be a troll.
Life must be hard for ur kinds

rvp2018:
Dangote soon will buy Senate to impose import ban of refined fuel - to "save dollars". Abuja will play along after getting huge bribes. Then he will monopolize the market.

you should write a book about this. Quit wasting your delusional potentials my bru.

People underestimated China. They are very smart n hate loosing money. Dont borrow from china if you wont pay. Western nation will forgive Ghana debt as they owe Ghana for colonialism n slavery. China has no such guilty trips.

QueenNyakim:
Honestly, I expected this level of incompetence from a wartorn country.

Despite $30 billion of debt mostly belonging to western private lenders while China only owns I believe around $2 ~ $3 billion of Ghana's debt, the westerners like the Paris Club aren't the ones calling their debt in. China is.

Ghana's reliance on Chinese loans for large-scale projects has put the government at risk of losing future energy sales and a portion of earnings from mineral resources. If they had defaulted, they might have lost the control of their own resources just to pay off their own debt to China. Ghana nominal GDP took a nose dive from $72 billion in 2022 down to an estimated $66 billion in 2023 and whose economic growth will not recover back to normal levels pre-pandemic until 2027 (5%) assuming nothing else goes wrong.

So, basically the country got poorer overall.

edit:

Well, its been declining since 2021.

https://africa.businessinsider.com/local/markets/ghana-may-lose-control-of-its-resources-to-china-if-it-defaults-on-its-debt/dz2mdh2
https://www.statista.com/statistics/447486/gross-domestic-product-gdp-in-ghana/
https://www.statista.com/statistics/447479/gross-domestic-product-gdp-growth-rate-in-ghana/

Subsaharan:


you should write a book about this. Quit wasting your delusional potentials my bru.

This thread is long running book. You cannot face Dangote head on but you're gaslighting a kenyan. I am happy Dangote has never made investment in Kenya. Of course he can't survive here as we are functional country

QueenNyakim:


Won't surprise me considering how corrupt Nigeria is.

He did the same shit with cement industry if I remember correctly. When monopolies hurt consumers they harm the economy destabilizing and controling the market. Hurt Nigeria growth even further.

Exactly. You need to guard against abuse of Capitalism by a few to enslave the rest

Naira has been devalued.

https://dailytrust.com/exclusive-cbn-devalues-naira-to-630-1/

rvp2018:
They are of terrible quality and standards. When I lived in Uganda - I use to drive to the border of Busia to shop in Kenya supermarkets - after Nakumat and Tusky closed their branches in Kampala. The other option was shoprite - with lots of South Africa goods.

From basic like maize flour to milk - the quality is pathetic - hence the cheap prices.Even the beer tastes bad. I dont know - if your standard bodies work?

Castle lager and black label are world renowned, black label has won't many international awards it's Africa's most awarded beer


SA wins best beer in Africa at African Beer Cup Awards
25 Apr 2023 — The Gqeberha based company's RHBC Barrel Aged Sour was awarded the best beer in Africa prize among other awards

rvp2018:
They are of terrible quality and standards. When I lived in Uganda - I use to drive to the border of Busia to shop in Kenya supermarkets - after Nakumat and Tusky closed their branches in Kampala. The other option was shoprite - with lots of South Africa goods.

From basic like maize flour to milk - the quality is pathetic - hence the cheap prices.Even the beer tastes bad. I dont know - if your standard bodies work?

Son,
What is the difference in quality between TZ maize and yours? Remember, the maize sold in kenya is mostly sourced from TZTZ.

Sometimes you need to think before you talk

Shaytun:
Naira has been devalued.

https://dailytrust.com/exclusive-cbn-devalues-naira-to-630-1/

Also Parallel market now 712 naira from 765 naira last week. Convergence gradually happening.

Almost all kenya maize is hybrid..meaning uniform taste,size and color.Uganda and Tanzania maize are rarely hybrid. Kenya millers do not accept those maize for human feeds.It has to be blended with kenya maize then you bribe milling employees. If they buy they use it for animal feeds.

Kazikazi:
Son,
What is the different in quality between TZ maize and yours? Remember, the maize sold in kenya is mostly sourced fro TZ TZTZ.

Sometimes you need to think before you talk

GeneralDae:

Also Parallel market now 712 naira from 765 naira last week. Convergence gradually happening.

Yes eventually they will converge.There is going to be a little pain in the start but rewards in near future will be worth it.Now Tinubu should fix electricity...allow each state power to handle electricity..then create electricity police unit to disconnect all illegal connections..pay off all debt owed to distro n generators.

rvp20182:
People underestimated China. They are very smart n hate loosing money. Dont borrow from china if you wont pay. Western nation will forgive Ghana debt as they owe Ghana for colonialism n slavery. China has no such guilty trips.

After you talk all that,remember u put port of mombasa as a collateral for SGR loans

GeneralDae:

Also Parallel market now 712 naira from 765 naira last week. Convergence gradually happening.

Yeah.

Parallel market was 745 yesterday, it has fallen to 712 today.

Kazikazi:


After you talk all that,remember u put port of mombasa as a collateral for SGR loans

we didn't. Kenya Railways signed take or pay deal with Kenya Ports Authority.China insisted on very expensive insurance of their loan..something like 2.5 percent. We are not defaulting but soon getting more loan from China to extend SGR.Remember kenya since 2011 has collected Railway Development Levy charged on every import.This is more than sufficient to pay off Railway loans

rvp20182:
Almost all kenya maize is hybrid..meaning uniform taste,size and color.Uganda and Tanzania maize are rarely hybrid. Kenya millers do not accept those maize for human feeds.It has to be blended with kenya maize then you bribe milling employees. If they buy they use it for animal feeds.

You are dumb.

Almost all TZ maize I hybrid too. No one can harvest a good crop without using hybrid seeds.It's actually stupid to think TZ which exports millions of tonnes of maize annually is achieving that without hybrid seeds. Sometimes learn how to hide your stupidity. You even need to know not all hybrid seeds have the same sizes.

And u become more stupid by thinking the size of maize is important when your aim is just to grind it into powder.

It's laughable for hunger stricken nation li,e yourself to try sound big by claiming to have animals who needs animal feed than what your human population needs. You starve,but u try lying by saying u buy maize to feed animals?

I have been involved in cross border maize trade.Stop cheap insult. Its only recently that likes of kenya seeds have open branches in your backwater to sell hybrid seeds.Ask any kenya miller if they accept your maize on good day.Kenya normally produces 35m bags of maize with deficit of 10m bags. Kenya has Africa largest dairy sector with huge demand for animal feed.Most of your poor quality aflatoxin maize is not fit for animal feeds leave alone humans. Kenyans love ugali so much they can tell your poor maize.I told you i use to drive to kenya when i run out maize flour.No way I can eat Uganda maize flour.

Kazikazi:
You are dumb.

Almost all TZ maize I hybrid too. No one can harvest a good crop without using hybrid seeds.It's actually stupid to think TZ which exports millions of tonnes of maize annually is achieving that without hybrid seeds. Sometimes learn how to hide your stupidity. You even need to know not all hybrid seeds have the same sizes.

And u become more stupid by thinking the size of maize is important when your aim is just to grind it into powder.

It's laughable for hunger stricken nation li,e yourself to try sound big by claiming to have animals who needs animal feed than what your human population needs. You starve,but u try lying by saying u buy maize to feed animals?

rvp20182:
Yes eventually they will converge.There is going to be a little pain in the start but rewards in near future will be worth it.Now Tinubu should fix electricity...allow each state power to handle electricity..then create electricity police unit to disconnect all illegal connections..pay off all debt owed to distro n generators.

Ur home country need ur advise more
Dumbo 😄😄😄😄

Subsaharan:


you should write a book about this. Quit wasting your delusional potentials my bru.

You are wicked 😂😂😂 delusional potentials took me out.

rvp20182:
This thread is long running book. You cannot face Dangote head on but you're gaslighting a kenyan. I am happy Dangote has never made investment in Kenya. Of course he can't survive here as we are functional country

You were told to quit wasting your delusional potentials,how far have you gone with that. Start writing a book already 😂😂

rvp20182:
People underestimated China. They are very smart n hate loosing money. Dont borrow from china if you wont pay. Western nation will forgive Ghana debt as they owe Ghana for colonialism n slavery. China has no such guilty trips.

Its not that China is "smart", its that politicians in Ghana are corrupt.

It went on a spending spree with forecast from revenues from oil led to huge borrowing which has made Ghana a debt distressed country thats currently broke.

Ghana turned into another Sri Lanka via mismanagement.

GeneralDae:

Also Parallel market now 712 naira from 765 naira last week. Convergence gradually happening.

Where u dey check ur rate