OfoIgbo:


Are those modular refineries online presently? Because if they are not, just consider them another yahoo-yahoo promise from the Buhari/Tinubu stables.

No wonder Obi is considering issuing those licences to people who are currently refining illegally. At least there's a proof they can refine

Obis proposal remains the best

Arguing wt a delusional obidient. Be gone.

.. ote author=hisexcellency34 post=123577766]That's why Dangote is kneeling down in front of Tinubu [/quote]

EXACTLY.👍

When I saw that Picture, I knew the 2 + their Cronies wants to use Subsidy Removal to Rip-off Nigerians!😔😒

flokii:
I believe President Tinubu won't allow such... the man is pro-Nigeria and monopoly in whatsoever form is anti-Nigeria and anti-people.

You are so NAIVE.🙁

I suspect you are a Yoruba Boy!

This is NOT Tinubu of Alliance for Democracy (AD) or Tinubu of 2002.

He has Changed and now in APC, surrounded by Criminals, Evil Capitalists and Political Devils. 😕😒

The one of Dangote is a fact.
I have been drumming it to the hears of people even last year when this Dangote refinery issue came up.
I posted in this forum on various threads that no one should expect Dangote to sell fuel at ₦185.I was even generous then when I opined that fuel from Dangote would sell at nothing less than ₦300-₦400.
Even in areas where Dangote has a bit of co-player,cement,he has muscled other minor players to be fixing prices at higher rates because the other players can meet only 10-20% of demand while he controls at least 70%.
Now imagine fuel,an essential product where he would be the only player since sourcing dollar at market rate to import fuel would be more like economic bankruptcy!Added to the fact he has massive debts to pay,in foreign currency!!
₦1000 or even ₦1200 by December is highly possible.

seborrhic:
The one of Dangote is a fact.
I have been drumming it to the hears of people even last year when this Dangote refinery issue came up.
I said in these forum on various threads that no one should expect Dangote to sell fuel at ₦185.I was even generous then when I opined that fuel from Dangote would sell at nothing less than ₦300-₦400.
Even in areas where Dangote has a bit of Co player,cement,he has muscled other minor players to be fixing prices at higher rates because the other players can meet only 10-20% of demand.
Now imagine fuel,an essential product where he would be the only player since sourcing dollar at market rate to import fuel would be more like economic bankruptcy!

Prices of Petroleum products are governed by OPEC. As a member state of OPEC , for instance, an oil company in Nigeria should not be selling lower than Saudi Aramco in Saudi Arabia.

The oil prices are fixed by OPEC. They're international. If a barrel of crude oil is 10$, Dangote won't be buying it from Nigeria at $5. He'll be buying it at 10$. When we bring the factors of comparative advantage and the economies of scale, the cost of production in Nigeria should ordinarily be higher.

Dangote's refinery is projected to export its output to African countries and he cannot sell to them below the international prices. The refinery cannot also sell to Nigeria at a lower price because Nigerian smugglers will benefit from such arbitrage system which could see neighboring countries get more supplies than Nigeria as neighboring countries would be getting cheaper fuel from a Nigerian refinery than anywhere else in the world through the backdoor.

If the price from Dangote refinery changes from the price of imported fuel, it would be because of logistic and transportation reasons. Like elimination of the cost of shipping which would mean not more than 30 to 50 naira difference. Dangote's refinery is to improve our balance of payment as a country and prevent a balance of payment deficit but not to make fuel cheaper through another form of subsidy.

---

The NLC chairman is empty and his opinion is not without prejudice.

What baffles me most in Nigeria is that a lot of us are too sentimental to actually reason well. If not, how we do not see that our refineries are not working because of this organized crime call subsidy.
The fact remains that, if different aspects of our economy is to develop, going forward this is a step in the right direction.
Believe me, with subsidy gone, watch and see our refineries working in no time.

LegendHero:
How is Dangote going to be a monopoly?

The man also spoke about Dangote cement being a monopoly. Is this man so daft? What about Lafarge, BUA, and etc? Are they also owned by Dangote?

So na the man wey dey head NLC be this? It’s obvious he dosen’t even understand what he is saying.

There is cost benchmark for refining a barrel of crude worldwide, hence Dangote refinery cannot unilaterally increase it, even, other African countries will not patronize it

Not to forget that Nigeria government have 20% stakes in the refinery.

I mentioned this before years ago in my previous comments, Dangote is bad for Nigeria.

Any industry Dangote enters sees prices spiraling out of control for the consumer. That’s its M.O.

Y’all haven’t seen anything yet, let that refinery go into full swing first.

fergie001:

https://www.youtube.com/watch?v=k1Y8BYReoas

Nothing stops NLC from building its own competing refinery…
But we can’t wait for the FG to endlessly “rehabilitate” its 3 refineries.
>

msquarewld:
What baffles me most in Nigeria is that a lot of us are too sentimental to actually reason well. If not, how we do not see that our refineries are not working because of this organized crime call subsidy.
The fact remains that, if different aspects of our economy is to develop, going forward this is a step in the right direction.
Believe me, with subsidy gone, watch and see our refineries working in no time.

There are thousands of NLC members “working” at those refineries…
>

Everyone has an opinion, the First thing to do is to kill corruption, as long as we have corrupt president, politicians, the masses are wasting there time, because subsidy or no subsidy politicians will still loot, nobody will shit about it. No stable electricity, no road, no school, no healthcare, absolutely nothing,

My advice is japa Nigeria is a sinking ship, thanks to our politicians.

Ofunaofu:



So What you are implying is that what was commissioned by Buhari was just a"ribbon cutting" while the construction was still going on

Wahala

yes....
na so politicians be....

very useless people....no exceptions....

Onye ashi!! Your corrupt politicians will LOOT the money. Hold yourself accountable for the years of refinery maintenance claims first

renderme:
This IMO state guy is just being partisan. Everyone knows BUA will also finish his refinery next year.

What are the other options this country has? Government can’t run any business. All their refineries keep swallowing money & is useless.

Subsidy is a pit that also swallows money wt no benefit for expansion. Subsidy is gone. The goal is increasing states revenue generation and providing a living minimum wage.

Harddiskng:
I mentioned this before years ago in my previous comments, Dangote is bad for Nigeria.

Any industry Dangote enters sees prices spiraling out of control for the consumer. That’s its M.O.

Y’all haven’t seen anything yet, let that refinery go into full swing first.

There’s NO law against anyone else building a refinery…
In fact, about 28 licenses for private refineries have been granted since 2000.

Accordingly, even you are free to build a refinery and GIVE AWAY the products!
>

N3TRAL:



Prices of Petroleum products are governed by OPEC. As a member state of OPEC , for instance, an oil company in Nigeria should not be selling lower than Saudi Aramco in Saudi Arabia.

The oil prices are fixed by OPEC. They're international. If a barrel of crude oil is 10$, Dangote won't be buying it from Nigeria at $5. He'll be buying it at 10$. When we bring the factors of comparative advantage and the economies of scale, the cost of production in Nigeria should ordinarily be higher.

Dangote's refinery is projected to export its output to African countries and he cannot sell to them below the international prices. The refinery cannot also sell to Nigeria at a lower price because Nigerian smugglers will benefit from such arbitrage system which could see neighboring countries get more supplies than Nigeria as neighboring countries would be getting cheaper fuel from a Nigerian refinery than anywhere else in the world through the backdoor.

If the price from Dangote refinery changes from the price of imported fuel, it would be because of logistic and transportation reasons. Like elimination of the cost of shipping which would mean not more than 30 to 50 naira difference. Dangote's refinery is to improve our balance of payment as a country and prevent a balance of payment deficit but not to make fuel cheaper through another form of subsidy.

---

The NLC chairman is empty and his opinion is not without prejudice.

my own is Will they utilise the money generated from fuel subsidy well because the one that they removed from kerosene and diesel we haven't seen anything from it and we were just borrowing and owing nations debt

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

It is not rubbish. Removal of subsidy is good but not in monopolistic economy.

9jaRealist:


There’s NO law against anyone else building a refinery…
In fact, about 28 licenses for private refineries have been granted since 2000.

Accordingly, even you are free to build a refinery and GIVE AWAY the products!
>

buildin refineries is not a small thing oo....

Dangote is scamming Nigerians through Federal Government.



Dangote refinery is not even 70% ready, he hurriedly deceived Buhari to commission it to get more FOREX at CBN rate which is how Aliko Dangote and others like him have been making money off Nigerians.



Dangote will set up big company like oil refinery, cement plant, etc in the guise of helping to grow Nigeria's economy while shortchanging his Nigerian staffs who always resign and move to better firms, and then he hires plenty expatriates and quote high salaries in USD for these idle expatriates he uses as conduit to get dollar from CBN at CBN official rate which he goes to sell at black market rate to make billions.



Dangote Refinery isn't starting PMS refining anytime soon until around 2025 because even the cracker he hurriedly told Indians and Chinese to test run failed.



Are you dumb Nigerians not aware that Dangote applied for Petrol importation license last year and have gotten it? Why is someone building Petrol refinery still applying for PMS importation license and built massive tank farms at Ibeju Lekki?



We know their secrets and that is why they hate us for always exposing and daring them.




Dangote is deceiving you all while FG helps him to make billions off Nigerian people's sufferings and tears. Una eyes go soon clear

richidinho:
Dangote refinery will start work in 2025

Forget the lies they are telling you, that refinery is still @ 65% completion

onatisi:
the way it was hurriedly commissioned shows that buhari just wanted to do it while he was still in office, it is obvious the refinery isn't ready yet for full operation.

ABSOLUTELY FALSE!

The refinery began test-running earlier in the year…
It started receiving crude last month (May), and should discharge products in Q3
>

Topmaike007:
my own is Will they utilise the money generated from fuel subsidy well because the one that they removed from kerosene and diesel we haven't seen anything from it and we were just borrowing and owing nations debt

From Next year's budget, we hope to see billions that used to be previously appropriated for fuel subsidy allocated to human capital development, power (energy), security, salaries and off course, Debt servicing.

renderme:
This IMO state guy is just being partisan. Everyone knows BUA will also finish his refinery next year.

What are the other options this country has? Government can’t run any business. All their refineries keep swallowing money & is useless.

Subsidy is a pit that also swallows money wt no benefit for expansion. Subsidy is gone. The goal is increasing states revenue generation and providing a living minimum wage.

Why can't they grant licences to people to produce and sell?

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

who I'll pay

blowjohn:


Why can't they grant licences to people to produce and sell?

The licenses are not granted free of charge. Not everyone has what it takes to get the license. If you're capable, you'll get the license when you apply for it.

tsdarkside:

buildin refineries is not a small thing oo....

>

kingsways:
It makes no sense to say market forces will determine price when you have only one supplier in the market

How can there be only one supplier? There so any companies with import licenses, and they just called for more applicants.

Dont you follow the news?

franchasofficia:
Dangote is scamming Nigerians through Federal Government.



Dangote refinery is not even 70% ready, he hurriedly deceived Buhari to commission it to get more FOREX at CBN rate which is how Aliko Dangote and others like him have been making money off Nigerians.



Dangote will set up big company like refinery, cement, etc and hire plenty expatriates and quote high salaries in USD for these idle expatriates he uses to get dollar from CBN at CBN rate which he goes to sell at black market rate to make billions.



Dangote Refinery isn't starting PMS refining anytime soon until around 2025 because even the cracker he hurriedly told Indians and Chinese to test run failed.



Are you guy aware Dangote applied for Petrol importation license last year and have gotten it? Why is someone building Petrol refinery still applying for PMS importation license and built massive tank farms at Ibeju Lekki?



We know their secrets and that is why they hate us for always exposing and daring them.




Dangote is deceiving you all while FG helps him to make billions off Nigerian people's sufferings and tears. Una eyes go soon clear

nigerias cant afford subsidy....thats just facts....
nigerians should be ready to pay international price for fuel....
because right now,nigeria doesnt produce refine enough for entire nigeria....

una are complainin....what about neighborin countries that cant produce enough too....

blowjohn:


Why can't they grant licences to people to produce and sell?

Of course they are doing that. As we speak the process is ongoing and it was announced publicly.

renderme:
This IMO state guy is just being partisan. Everyone knows BUA will also finish his refinery next year.

What are the other options this country has? Government can’t run any business. All their refineries keep swallowing money & is useless.

Subsidy is a pit that also swallows money wt no benefit for expansion. Subsidy is gone. The goal is increasing states revenue generation and providing a living minimum wage.

you think refinery is mud house in your village

There is a grand plan to hand-over the petroleum sector to some individuals,(cement,sugar)special exchange rate window, and others but how many NLC members own filling stations because all what i have seen self-first in nigeria.

tsdarkside:


buildin refineries is not a small thing oo....

Which licences did they give out?
Or u think it's only dangote that has money?

By the way, u think he uses his money to build his business?

Don't u know banks are the ones that fund his projects?


As urself are there no mega billionaires in Nigeria that can get loans frm banks to build refineries?

U think even peter obi cannot build one?
Or atiku?
Or some state governors?

Why is it only Dangote? Ask urself that question first.

blowjohn:

Why can't they grant licences to people to produce and sell?

They are/were at least 28 licenses granted for private refineries BEFORE Dangote Group was granted a license…
>