Nigeria...one step forward, two steps backward... nawaoooo 🙄

Then how will the fuel and other petroleum products be cheap and affordable for nigerians

Dangote is not going help Nigeria in any way.

This administration and other upcoming administrations will feel the effect of buhari bad governance and incompetence. It is now glaring for all to see......nnpcl need complete overhaul.

kokoA:
People fail to understand that Dangote is a private business out to make profit. Only a foolish business man will depend on one source for his raw materials, if he has the capacity to refine various crude so nothing stops him from buying from wherever he chooses. If Nigeria has crude always available for him then that's a plus else's business must go on.

Fine, so why do supporters of government proclaim dangote refinery as an economic masterstroke that will ease the stress on the economy.
Just like you said, dangote refinery is a private business and a profit oriented one at that, and gives no damn about who eats or not. Dangote will sell his fuel at an international standard rate to ensure continuity in business. Any sensible businessman would do the same if I were in his shoes.

For me, I think the only problem is dangote given the licence to import and have access to the already scarce dollars to fund his private business. Doing that kills the economy more. Let him source for dollars like other business men.

People talk about dangote exporting to other countries, they forget that it's only a fraction of it that will be returned to the economy in USD. Most of the money might be invested in other businesses abroad and there's nothing anyone can do about it.

People needs to understand that Dangote refinery is not Nigeria's refinery.

Una don dey change mouth to downplay una shortsightedness.

The only thing that can save the country is not one Dangote refinery but total restructuring to true federalism 100%

10mobile:
Hmmm! I've always seen selling crude as bad economic practice by helpless countries that can't refine or with low refining capacity. That's because no amount seems justifiable for the numerous crude by-products sold away. So, I'm surprised US also sells crude.

No no no, not true. Even if it's only the employment that the refinery would provide, it's an advantage. No one should think that Dang's refinery is an economic magic wand that will suddenly wave off all our economic woes. But it's certainly not a disadvantage.

After all, we're already import-dependent. So, importing crude isn't what will put more pressure on the Naira. Rather, when we refine in Nigeria, we have all the by-products for local use and re-export which would help us recover any loss in forex due to import.

The situation in Nigeria is really bad. But it's certainly not all bad. Of course, it's never all bad anywhere. As we keep the government on its toes, let's also try to see the silver linings for the sake of our sanity as a people. Thanks.

Northernblood7:


https://www.bloomberg.com/news/articles/2024-01-29/nigeria-s-mega-refinery-turns-to-us-oil-as-ramp-up-gathers-pace

Now we begin to know what this bourgeoisie really meant, these bloody capitalist do not have anything for we the less privileged. Nigeria is finished.😓😓😓

DeLaRue:
Some were even saying that Dangote was getting South South crude oil at cheap price.

How laughable.

Dangote refinery will buy crude from other sources if una wahala too much. He can buy from anywhere in the world. It's his business.

And he doesn't owe you a single litre of petrol. If Nigerians are not prepared to buy at market price, he will sell to countries in Africa and the rest of the world that are ready to buy.

Nigerians should face their own refineries in Port Harcourt , Warri, and Kaduna, hold their politicians to account, and leave Mr Dangote alone. He owe you nothing.

Nigerians' sense of entitlement is unrivalled in the world. Never satisfied. Always whinging and abusing.

are you OK? Dangote owes Nigeria nothing ? IF Dangote was an American operating his business in America- he will be serving at least 40 years imprisonment right now for breaching "ANTI-TRUST" laws - Do you know for for almost 25 years now - Dangote has been the monopoly for CEMENT (main reason why other established cement companies like BENUE CEMENT COMPANY, went bankrupt) Dangote has been the monopoly for FLOUR (main reason why other established flour companies like SUN FLOUR MILL, went bankrupt) Dangote has been the monopoly for SUGAR et c. and he and his croonies in Government engineered the demise of the REFINERIES using LACK OF MAINTENANCE and other vices to kill them because he also wanted to become a MONOPOLY in the OIL REFINING SECTOR - he did not stop there - Buhari loaned him billions of dollars for this reason of completing his refinery to serve Nigerians - and now he is saying he will get his oil from USA so that Nigerians can not expect cheap fuel from him - WHY DIDNT HE GO BUILD HIS REFINERY IN THE USA? since he is a very smart business man ? At least Economics 101 tells us that Industries are sited close to availability of raw materials - Let him sell the REFINERY to NIGERIA government and go build his new refinery in the USA ---- look look the see finish and contempt these elites have for Nigeria is nauseating

I do not blame Dangote - IF Tinubu can be foisted on Nigeria by INEC and the so called Supreme Court - then Dangote spewing this trash to Nigerians is the easiest BS I expect from him. Amaechi said Nigerians will do nothing even IF you line up 10 people and shoot them in the head

Hmmm .... buying crude from the US .... will the US be buying the refined products? I just hope Blinken had nothing to do with this decision.

Know that Nigeria owns about 20% of that refinery. Fg contributed almost $3billion cash and several incentives like cheap forex and crude

DeLaRue:
Some were even saying that Dangote was getting South South crude oil at cheap price.

How laughable.

Dangote refinery will buy crude from other sources if una wahala too much. He can buy from anywhere in the world. It's his business.

And he doesn't owe you a single litre of petrol. If Nigerians are not prepared to buy at market price, he will sell to countries in Africa and the rest of the world that are ready to buy.

Nigerians should face their own refineries in Port Harcourt , Warri, and Kaduna, hold their politicians to account, and leave Mr Dangote alone. He owe you nothing.

Nigerians' sense of entitlement is unrivalled in the world. Never satisfied. Always whinging and abusing.

I don't understand o, shey crude oil have finish in Nigeria ni, or buying from US will make fuel price reduce

Gerrard59:
Anyway, with this news, I hope Nigerians have realised that petrol would not be cheap and should it be sold for less than the prevailing exchange rate between the dollars and naira, it means there is subsidy. Also, subsidies cannot continue because most of them are via loans.

God punish the bastards who campaigned and voted for Buhari in 2015! Some of them fled to white dominated countries and currently battle with freezing temperatures!

Interestingly, global refining capacity billed to be added between 2023 and 2027 is north of 10 million barrels per day.
Dangote's refinery will eat up only 600K.
In effect, Dangote can import crude oil from foreign sources and sell refined products to foreign sources with zero care in the world for Nigeria's energy needs.

He does not need the Nigerian market.
He does not need the CBN anymore.
His refinery sits right on the shoreline.
With clever accounting, he could also get away with paying peanuts in taxes.

If I were in his shoes, I'll do the same thing.
Nigerians can kick rocks.
When they're fed up with destructive partisanship, they know what to do.

-Lord

YourMrBoo:
Dangote importing oil with the little dollars we make will definitely add pressure to the naira.

Who do we offend for 9ja

The refined products from the refinery will also be exported.

Don't just view issues from one angle

They will come to media to lie, they will be buying crude illegally in Nigeria, then they will tell you that it's being imported from USA. This will inturn ulter the fuel price

Northernblood7:

So Nigerians will be the ones suffering for other countries abi? Dangote buys crude oil in USD causing our currency to depreciate less than our neighbours. Neighbouring countries will then cross over to Nigeria and import our very cheap petroleum products to them due to high currency value they have over Naira. Last last, Nigerians suffer the most.

According to you, if Dangote imports crude and sells refined petroleum to other countries, it wouldn’t benefit Nigerians!!!!

Your analysis is plain dumb. The biggest problem with Nigerians is dumbness. Half education. And we feel the multiple effects of this half education on our institutions.

Paraman:
The Dangote refinery will also export refined petroleum to other countries.

And they will buy it very very cheap

U no get sense?

With this news, what is the hope of naira rising again?

Thieves in government after stealing our oil and storing them in the US it's now time to sale it back to dangote criminals in high places

Maybe That refinery does not even belong to dangote, who knows

We Nigerians came to this life to learn the hard way, (the hard way the only way). Through much pain we would have sense. We would then value the sense so much.
Welcome to Nigeria! There is no turning back

Northernblood7:


Are you saying that Nigeria does not have enough Crude ; . Pick up a mirrow and repeat the same sentence looking at yourself carefully as you say so



Oga, Nigeria produces 1.9 million barrels daily according to workdmeter, Dangote refinery needs only 650k. Make research b4 talking next time

Produce,or consume?

Kazzman:


Now we begin to know what this bourgeoisie really meant, these bloody capitalist do not have anything for we the less privileged. Nigeria is finished.😓😓😓

Nigeria is NOT finished,you natural born failure..

And I like it that you have accepted your father's fate of being less privileged..

You express their characteristics...keep complaining about hardship and pass it on to the next generation like your forefathers did..

Solofresh2:
Hahaa
When I tell Nigerians that Dangote was only working for his own pocket,they taught I was lying

How do you guys reason sef, Since Nigeria cannot meet up with his crude needs, what do you want him to do close the refinery? Nnpc cannot even meet up to 30% of his crude oil needs.
And who's pocket should he work for before your own or Nigeria govt

djwealth:
Dangote is a business man, what do we expect him to do. Who knows whether the US crude oil sold to him was very cheaper than that from Nigeria.
Who knows whether there's a business talk btw them.
I sha dey pray wey everything no go spoilt beyond control now.

it has spoilt already. Nigeria is in deep shit, fulani's want to make tinubu look like a fool, that was why they supported this dirty means of him Winning, i feel for my brothers. This is a big dent to their name. Zero principles, certified fraud enabler. I feel sad because most voted for a better Nigeria, it's just some stupid bigoted animals. Now look at what we are in now. I went to buy sma gold. A tin is now 12,000. A whole 12000, ontop what won't last more than 4 days.

Hahahha

Frontpage comments are funny. Dangote is in business with Lagos State. See... Dangote is setting Yoruba to toast South-South for crude oil, but he has shown that...." to heck with their crude oil". And Lagos is backing him. Now you know why Tinubu is the president. Now, you know why the CBN is moving most financial aspects to Nigeria.

See...forget it. Tinubu is handing over to someone (a northerner) in their clique.

Yoruba will toast South-South for their oil...and if Igbo wants to do...fine. if not, they don't care. Igbo needs to check out of Nigeria to be prosperous. I am saying this for their good.

Northernblood7:


https://www.bloomberg.com/news/articles/2024-01-29/nigeria-s-mega-refinery-turns-to-us-oil-as-ramp-up-gathers-pace

Dangote nor send una papa he is a private business owner he can buy from anywhere in the world, do not think petrol price will reduce because Dangote set up a refinery.

Other African countries around West Africa are enjoying cheap cement from Dangote Factory while we Nigerians buy At expensive prices, what makes you people think petrol prices will be different! Make una Dey play oo 😂

ogbonti:



are you OK? Dangote owes Nigeria nothing ? IF Dangote was an American operating his business in America- he will be serving at least 40 years imprisonment right now for breaching "ANTI-TRUST" laws - Do you know for for almost 25 years now - Dangote has been the monopoly for CEMENT (main reason why other established cement companies like BENUE CEMENT COMPANY, went bankrupt) Dangote has been the monopoly for FLOUR (main reason why other established flour companies like SUN FLOUR MILL, went bankrupt) Dangote has been the monopoly for SUGAR et c. and he and his croonies in Government engineered the demise of the REFINERIES using LACK OF MAINTENANCE and other vices to kill them because he also wanted to become a MONOPOLY in the OIL REFINING SECTOR - he did not stop there - Buhari loaned him billions of dollars for this reason of completing his refinery to serve Nigerians - and now he is saying he will get his oil from USA so that Nigerians can not expect cheap fuel from him - WHY DIDNT HE GO BUILD HIS REFINERY IN THE USA? since he is a very smart business man ? At least Economics 101 tells us that Industries are sited close to availability of raw materials - Let him sell the REFINERY to NIGERIA government and go build his new refinery in the USA ---- look look the see finish and contempt these elites have for Nigeria is nauseating

I do not blame Dangote - IF Tinubu can be foisted on Nigeria by INEC and the so called Supreme Court - then Dangote spewing this trash to Nigerians is the easiest BS I expect from him. Amaechi said Nigerians will do nothing even IF you line up 10 people and shoot them in the head

Who are you this Brigand, unintelligent Epistle spewing Dingbat

Which "Antitrust" law in Nigeria did Dangote break
What is wrong with folks on this platform with crass unexposure and delusional brain power?Can't you do some sound thinking

What's all this gibberish

Naija my con3 hell on earth
If u like do fasting and prayer for the better of this country it will not work naija naija naija

Mansa6:


You are very Ignorant in these matters

Even the NNPC sells crude to Dangote in dollars..in line with Global Practice..

And besides,the refinery belongs to him...and not your late, illiterate peasant wretched father..

When you build your own refinery,go and buy crude in Zimbabwe shillings..

See slowpoke calling others slowpoke..

Don't be a dunce, if Nigeria sells to dangote in dollars or in whatever currency the currency still domicile in country, now dangote is taking the currency out. If every private person starts to build refinery, it creates room for capitalism, it therefore means the government is useless.

Nigeria's case is abracadabra.
The more you look the less you see. What works in other countries will never work in Nigeria. When there is increase in oil prices, other countries make billions, their currency gets stronger, but you see Nigeria under apc, the case is opposite. Under Obj, excess earning paid Nigeria's debt, under Jonathan, it made us the largest economy on Africa and kept naira below 200m. Under the evil, recessionist, bloodsucking, poverty inflicting cursed apc, increase in oil price only brought poverty!
Dangote has built refinary in Africa's no1 crude oil exporter, but dangote has to "import" crude from the US in $$! Foto!, No be juju be that?
Ok, we were importing petrol, diesel, because of that refinary was built, abtacadabra! We now import crude to refine. Is that not 1000 steps forward and 1001 steps backwards? How will this reduce the cost of fuel or boost the value of naira?.
I am getting convinced daily we handed this country into the hands of a gang of criminals. We gave our yams to goats for safe keeping.

Originalsly:
Hmmm .... buying crude from the US .... will the US be buying the refined products? I just hope Blinken had nothing to do with this decision.

And what's your business with this,kid?

Is Dangote your father or business partner

Hmm..

Nawa for young Nigerians..

EMPTY craniums every corner you turn..

All these screaming over Dangote this Dangote that. The business will be ran like any other business and the nation will benefit where necessary. There will be challenges and there will be opportunities, there will be setbacks and there will be benefits, still life goes on.

But for those whose all focus is only negative and negative, that's all you will see for as long as you want to.