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Nairaland Forum / Nairaland / General / Politics / Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero (35710 Views)
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Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by onatisi(m): 12:39am On Jun 05, 2023 |
judging from what this man has said , he seems to have some points that needs to be looked into and addressed . 2 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by tsdarkside(m): 12:40am On Jun 05, 2023 |
9jaRealist: its true na....most that complain dont even know what a refinery his or all the processes needed to refine crude oil into fuel.... |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by tsdarkside(m): 12:41am On Jun 05, 2023 |
onatisi: make him pay the subsidy from his own pocket.... they are all politicians,very useless people....all they know is talk all day.... 3 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Ezmans: 12:41am On Jun 05, 2023 |
LegendHero:go and check where you reside how many cement stores have bua & lafarge cement 4 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by nnamdi640: 12:41am On Jun 05, 2023 |
Dotherightthing:Thunder fire any wicked soul that will say subsidy is gone without any proper planning on how to save the masses from the hardship the subsidy remover will bring. The so called president would have considered pay rise before doing that if truly he cares, beside what will be the fates of those working under private sector? 5 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by peculiar2233: 12:43am On Jun 05, 2023 |
LegendHero:Yes we can see how low the prices of his products like cement, spaghetti and so on. Use your brain only if you have one 4 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by GeneralDae: 12:44am On Jun 05, 2023 |
richidinho:Do you work there? Why can't it start with 300,000 bpd? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by SmartyPants(m): 12:44am On Jun 05, 2023 |
seborrhic: That doesnt make sense. How exactly does having the dominant share of demand help you force others to sell higher? If anything, smaller companies try to undercut bigger ones as a competitive strategy. Kindly explain your theory 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by onatisi(m): 12:44am On Jun 05, 2023 |
boss, those refineries will never work, the only time they will start working is if they are sold out to Dangote or other top government officials. those refineries are like atm machines for politicians. tinubu is on another turf entirely and totally different from the Lagos turf, now he is faced with the real devils worrying Nigeria and they are very very powerful, their interest is at the cross with the interest of the masses msquarewld: 4 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Johnn74: 12:44am On Jun 05, 2023 |
richidinho:0,5% conpleted, Seriously? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Ezmans: 12:45am On Jun 05, 2023 |
FreeStuffsNG:some people are derailing because of tribe in tinubu government 2 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by tsdarkside(m): 12:45am On Jun 05, 2023 |
nnamdi640: soo,nigeria should be usin most of the revenue for subsidy and take loans for other things.... i understand people like you sha....a hungry man is a angry man.... or how does that sayin go again.... 3 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by GeneralDae: 12:45am On Jun 05, 2023 |
nnamdi640:They would increase minimum wage after PBAT receives the report from his team and does his audit on the best minimum wage. 2 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by N3TRAL: 12:45am On Jun 05, 2023 |
Ezmans:. It's because Dangote is a better business Man! 3 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by tsdarkside(m): 12:46am On Jun 05, 2023 |
GeneralDae: bwahaha.... |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by onatisi(m): 12:46am On Jun 05, 2023 |
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. richidinho: 4 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by OGHENAOGIE(m): 12:47am On Jun 05, 2023 |
jmoore:China is a state capitalist economy Nigeria isn't... Don't compare two different things... 6 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by tsdarkside(m): 12:50am On Jun 05, 2023 |
OGHENAOGIE: what does that got to do with anything....?? didnt you read the part where he wrote china has 38 refineries....?? how many does nigeria has to be blaimin system of governance for this hugh gap....?? |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by 9jaRealist: 12:50am On Jun 05, 2023 |
blowjohn: At least 28 licenses for private refineries were (or have been) granted going back to the OBJ administration… This includes BUA, Orient, Waltersmith, etc. And is apart from the promised “4 Greenfield Refineries” by NNPC. Dangote is not the only Nigerian with money… But remains one of the few who invests in MANUFACTURING (in infrastructure-poor Nigeria), rather than trading. All of the world’s biggest corporations/businesses take loans (or other debt capital)… Nonetheless, loans are not given out for free, and with this refinery Dangote Group provided HALF of the funding. Peculiar thing about Nigeria is the penchant to denigrate success (while often celebrating failures)… If Dangote was a trader investing only in his own village or state (instead of across Nigeria/Africa), he’ll be venerated. > 8 Likes 2 Shares |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by davillian(m): 12:52am On Jun 05, 2023 |
kingsways:It has always been dangote strategy..... 3 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by onatisi(m): 12:52am On Jun 05, 2023 |
bros calm down, the man is not against fuel subsidy removal, from Nigeria to America to China and even South Africa EVERYONE AGREES THAT THE NIGERIA FUEL SUBSIDY PAYMENTS MUST GO, but what he is saying is that a) there are no measures in place for anything to cushion the effect, b) GOVt didn't consult, and that is one thing many people have agreed to be a wrong move, c) that for competition to be in place, many players and adjustments need to be made THE NLC CHAIRMAN IS NOT AGAINST SUBSIDY PAYMENT REMOVAL JUDGING FROM THAT INTERVIEW tsdarkside: 3 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by tsdarkside(m): 12:53am On Jun 05, 2023 |
9jaRealist: yeah,while people like davido are importin cars from abroad.... looki looki....na igbo ofcourse.... noisemakers.... 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by obi58: 12:53am On Jun 05, 2023 |
renderme: |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Felabrity: 12:53am On Jun 05, 2023 |
richidinho:he think say refinery na two story building |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Ezmans: 12:53am On Jun 05, 2023 |
If evil apc allowed Obasanjo's sale of nigeria refineries to dangote & co and removing of subsidy by Jonathan we could have pass the state we are now 3 Likes |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by HacheNoire: 12:54am On Jun 05, 2023 |
Fvckin gibberish spewed out of hate! Compete with Dangote of you so mad! No one is stopping you! You can extend your completion to Elon Musk! Bunkum! 1 Like |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by onatisi(m): 12:54am On Jun 05, 2023 |
LETS WAIT AND SEE but please never believe politicians but let wait and see 9jaRealist: |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by BOUNTYDOG(m): 12:55am On Jun 05, 2023 |
LegendHero: He may have a point When lafarge BUA et al were competing with him He slashed the price of cement down to 1k sometin,the competitors wonders how Damgote makes his profit as dey were selling at loss So dey had to leave the market for him, after they left je hijacked the price back Dangote is just a business man working for Nigeriàn govt They invest for him and make sure every decision favors him 8 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by HacheNoire: 12:55am On Jun 05, 2023 |
Ezmans: Oh! So that’s your definition of monopoly? Marketing strategies have become monopoly. It means Toyota is monopolizing the world auto industry. 1 Like 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 12:55am On Jun 05, 2023 |
How is he a monopoly when other refineries including modular once are there ...He choose to buy your refinery, you na do strong head, he built his own from the scratch for Nigerian, and was advice to build for Africa , the refinery is kukuma built in a free trade zone, if you na no wan settle with government he will simply export...See his mouth like monopoly.. ... Pandora spokesman... Onye all the Industries to the East ... 5 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by HacheNoire: 12:57am On Jun 05, 2023 |
N3TRAL: Simple! Jealousy would never make some people reason! If you have a problem with Dangote, mount the stage and compete! They can extend their competition to Oracle, Microsoft and Cisco! Stop blaming your woes on people who have strategized to be at the fore front 4 Likes 1 Share |
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by franchasofficia: 12:57am On Jun 05, 2023 |
tsdarkside:Most of you lack common sense. Every country in the world subsidize certain things for their citizens to live a great quality life. National money or wealth is not meant for the luxury of the political leaders but for the wellbeing of the entire citizens of a country, same does not apply to Nigeria and the dumb citizens support their oppressors parading themselves as political leaders all because they come from their tribe or religion. Let me educate you, if petrol subsidy have outlived its usefulness in Nigeria and Nigerians have collectively agreed to let it go, then the government must start a wide consultation and carry out honest feasibility studies on how to gradually phase out the subsidy regime within a stipulated timeframe to ensure the impact doesn't weigh the citizens down. You don't just wake up and remove petrol subsidy without rolling out real palliatives and creating environment that will absorb most of the hardship that will come with subsidy removal. First, increase worker's minimum wage. The minimum wage in the US is around $2,000 or so and petrol is sold at 350 naira per liter in the US, but minimum wage in Nigeria is around $65 and petrol now sells at 550 to 650 naira in Nigeria and you are here blabbing that Nigerians should buy petrol at international price when they don't earn at international wage. Before you remove subsidy on petrol, map out say a 6month phasing out process. Before then, add lanes for bicycles in key Nigerian city roads, buy bicycles, electric powered scooters and sell to Nigerians at subsidized price of say 60%. Make it available through LGAs, CDAs, Churches, Mosques, Private Organizations, Community leaders/Chiefs, etc. Work on power supply and ensure major cities are getting at least 12hrs electricity supply in a day to reduce household and business consumption of petrol. Roll out buses, coasters, etc to ferry Nigerian workers and market people at subsidized fare. Invest hugely on solar energy, inverters, etc and push to rural areas and farm settlements. Issue refinery licensed to more industrialists and give them timeframe they must start operation or it will be withdrawn. Issue petrol import license to more importers to bring in petrol at competitive price pending when local refineries start full production. And then you can remove 50% first phase and observe the impact for 2 months then 70% for another 2 months and 100% the next 2 months and in 6 months you have completely removed the petrol subsidy with less negative impact on the citizens and the economy 15 Likes 2 Shares |
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