prophetfire:
Already commissioned modular refineries in Nigeria? Commissioned and they aren't producing to make serious money from a hot cake that is in very huge demand like PMS?

Not so fast, is Dangote producing now to make it a monopoly?

See how you people just keep contradicting yourselves just to justify, your fake and fraudulent narratives.

Dangote monopoly doesn't exist and going by refinery construction activities all over Nigeria, there won't be any room for monopoly.

renderme:

Arguing wt a delusional obidient. Be gone.

Answer my question. Are those modular refineries licensed by Buhari operational?

The answer is a deafening NO. So why remove subsidy when this critical game changer is not yet in place?

Obi is head and shoulders better than Tinubu as an administrator.

OfoIgbo:


Answer my question. Are those modular refineries licensed by Buhari operational?

The answer is a deafening NO. So why remove subsidy when this critical game changer is not yet in place?


Obi is head and shoulders better than Tinubu as an administrator

.

You people play too much..

Comedian..

OfoIgbo:


Peter Obi additionally proposed granting licences to modular refineries. That would have been a game changer as
1. They will be operating in naira
2. The fact that there will be a number of them will automatically guarantee competition with the resultant low price of fuel, perhaps even around the N100 per litre level or less

Even if they operate in Naira, it doesn't make then price of petrol from modular refinery cheap. If crude is $75 internationally, but a modular refinery bought it for $75*750=N56k, what has changed?

Besides product from modular refinery might well be more expensive as they won't have economies of scale.
Your number two point is wishful thinking because they will have to buy the crude. Petrol is not a sector where competition brings down prices dramatically because everybody's cost is almost the same, marginal cost of production is high and margins are tight.

OfoIgbo:


Answer my question. Are those modular refineries licensed by Buhari operational?

The answer is a deafening NO. So why remove subsidy when this critical game changer is not yet in place?

Obi is head and shoulders better than Tinubu as an administrator.

I think Waltersmith and one in Edo state are operational

Could increase? Will surely increase petral prices. He did it with Cement monopoly.

jackcanfield:

The price is determined by crude oil price in the international market, a big refinery definitely don't want to be keeping stocks , they want to sell quickly and keep there margins, there is nothing like one player. He just want to use Dangote's name to be catching cruise, he is not talking about the trillions we lose via smuggling to other countries, because he is now Partisan.

How is he partisan. Is he doing what other labour leaders have not done before.

I am fully for subsidy removals and have been even before principals of this government protested against it years ago but I am also completely for labour's kickback because government must be responsible and held to account.

The battle ground is clear. Trillions of naira will be saved this year and going forward. How this savings will be utilized is what labour and the vast majority of Nigerians knowingly or unknowingly are fighting for.

If it will be put to productive use to reflate the economy, then this country will survive. However if it will be wasted or stolen like we have witnessed this past regime then inflation will bury this country.

So this government had better watch out. It has done the easy part in removing subsidy. What comes next will make it mar it and labour wants to be on top of the situation, to be vigilant, because government simply cannot be trusted with resources.

Left to it's devices no Nigerian government ever does what is right.

And I repeat again without fear of sounding like a broken record.

'Practically the same day Nigerians were called to make a sacrifice of a lifetime government announces that parliamentarians will be receiving a welcome/pension package running into billions of naira', folks widely considered to be overpaid, underworked and certainly not pensionable.

Thus kind of attitude will define this government and will once more make or mar this country.

We are not interested in any SE sit at home strike..

Say no to ipob agenda..

[Why do u guys keep doing this comparison, are earnings same ]


A 1000naira?. You choose to be pessimistic but we know and trust that dangote is a patriotic Nigerian and has demonstrated this consistently but you Ajaero we know are in cohort with those hoping to destabilise Nigeria because they did not win an election.

25kg cement in the UK is £7.49 so we know we are not being robbed.

We believe that PMS will come down to 400 to 500 due to transportation differential.

[/quote]

prophetfire:
Already commissioned modular refineries in Nigeria? Commissioned and they aren't producing to make serious money from a hot cake that is in very huge demand like PMS?

They aren't big enough to even make a dent. If I recall correctly Waltersmith capacity is 5000barrels

Wodu89:
God Bless You Joe. tell them

Don't buy this idea of a strike. Tinumbu is using this man to stall election tribunal trials. If there is strike courts will close and suspend trial and before you know it 180 days is over. Tinumbu is a satanic strategist. You are warned.

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

I am sure you are not in this country that is why you van utter this nonsense.

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 know you are actually the daft one here. BUA's refinery cannot be ready until 2025 because there has to be pre-commissioning activities which take months. How can you increase state revenue in a mono economy where the only source of income is low?

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.

Once again you are not smart. Dangote actually dictates the price of cement because by his monopoly he is the market driver of cement. That is the point, Lafarge and BUA are content with the margins they make and as such will not want to enter a price war that they will certainly lose in. Try and be smart bro

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 seriously living in deceit walahi. Tell yourself the truth that you have made a mistake voting this man. Do this now or regret later.

BOUNTYDOG:


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

Beer parlour gist. Lafarge has been in this country since the 70's with their Ewekoro plant. Yet they never thought to invest in a new plant.

When Dangote came with Obajana, because it was brand new technology, it was so much more efficient that it's costs were lower than Lafarge by far.

Eventually, Lafarge had to abandon the old plant at Ewekoro and build brand new one. Of course by then Dangote had built like two more hence the market leadership. Lafarge could have been the market leader if they believed in Nigeria like Dangote did. Besides there is now BUA as well, so Dangote has no monopoly in cement.

renderme:


They have already granted licenses to several modular refineries. Don’t argue if you’re not up to date or know nothing about a conversation.

Show us the list of the licensees. Stop believing the lies this government throws

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

this are the educated Nigerian citizen that won't allow Nigeria to grow better than this

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.

Dude stop lying to people OPEC only fixes crude oil price in their member countries. Gasoline and Gas prices are not regulated. Please fear God and stop lying to people online. There's no way that refinery will improve our balance of payment bros stop deceiving people here.

9jaRealist:


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

Bro this your comment ain't smart at all

obyno82:


Once again you are not smart. Dangote actually dictates the price of cement because by his monopoly he is the market driver of cement. That is the point, Lafarge and BUA are content with the margins they make and as such will not want to enter a price war that they will certainly lose in. Try and be smart bro

Dangote has market leadership in cement, but NOT A MONOPOLY! Same as Mtn in telecoms has market leadership, Transcorp Hilton has in hotels in Abuja, etc. Every market leader dictates price movements to some extent everywhere in the world. It's normal.

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!
>

Show us the list of people granted the license. You believe the lies from the Buhari govt

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 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

We know all this my brother. The sad part is that all these children of corn cannot reason well.

9jaRealist:



ABSOLUTELY FALSE!

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

Bro I have a friend that works there. They have not started receiving any crude the test of the FCC unit failed. Stop lying to people in this forum abeg.

COMPAQ:


Even if they operate in Naira, it doesn't make then price of petrol from modular refinery cheap. If crude is $75 internationally, but a modular refinery bought it for $75*750=N56k, what has changed?

Besides product from modular refinery might well be more expensive as they won't have economies of scale.
Your number two point is wishful thinking because they will have to buy the crude. Petrol is not a sector where competition brings down prices dramatically because everybody's cost is almost the same, marginal cost of production is high and margins are tight.

only animals called Nigerian citizen dumped their currency 😃 prefer to operate with another man currency _____ subsidy have nothing to do with the refinery and the oil but this is miserable citizen occupied the Nigeria

COMPAQ:


Dangote has market leadership in cement, but NOT A MONOPOLY! Same as Mtn in telecoms has market leadership, Transcorp Hilton has in hotels in Abuja, etc. Every market leader dictates price movements to some extent everywhere in the world. It's normal.

He has a monopoly bro. During the days of standard oil, there was shell and other oil companies. What standard oil did was to bully other operators to seel crude oil at his own price. That is the same MO Dangote uses that is why BUA and Lafarge are selling at high margins

SmartyPants:


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

That was the same MO standard oil was using against other operators. If you don't play ball, he will acquire your company and absorb it under standard oil.

N3TRAL:
.

It's because Dangote is a better business Man!

No it is because of the exploitation of the corrupt system he is not a brilliant businessman. He cannot stand competition.

the foolish citizen the miserable citizen dumped their currency for another man currency 😃💰 begin to wailed and lament, the Nigerian citizen never think how to behave like Chinese brothers, the Nigerian citizen used religion to cover face with their horrendous heart

obyno82:


Show us the list of the licensees. Stop believing the lies this government throws

Read and comprehend.

MelesZanawi:


That has already been done. Obi is a dunce without innovative thinking.

Are you sure you are not the dunce.

MelesZanawi:


That has already been done. Obi is a dunce without innovative thinking.

They don't read and obi and his mob are not known to be bright and intelligent.