Why USA ..... No other countries.... Dollar high pass naira...

Northernblood7:


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

We all like to look at the negative side alone or let's say we are ignorant. Now dangote refinery is a private business and you don't expect it to depend on Nigeria alone for its crude oil; you need more than a source of raw material for production for various reasons. That doesn't mean he would be buying more of the crude from the USA; it could be for contingencies. And moreover this would make the federal government look more into increasing production of crude oil/ stop oil theft.
We need to understand that government are run by people not only a person. Even if our favorite man was president, do you expect him to be everywhere; he has to delegate and hope his team delivers and if not, he tries other people which we have seen his resolve to do. And we all have a role to play

So we have a stake, not fucking only Dangote!

Mansa6:


The FG bought in 20% equity..

And so what

alsudan:
Nigerians should prepare to buy fuel for 1500 this year and exchange 1 dollar for 3000 Naira very soon.

Where's the Port Harcourt refinery that the cocaine sniffing thug promised was gonna start running in December Last year.

Ronuists have fled from this thread

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

I don't understand..

Shey you still own equity in Dangote to be talking?

Is it your business

A constant comment I see here is that 'Dangote is supposed to benefit NIgerians'...lol

Here is a harsh truth. Businessmen and women and children are not into business to HELP YOU AND ME. They are in business to help themselves, their shareholders, themselves, and maybe their workers (and most of the time, they forget to help their workers , which is why we have unions).

At the end of the day, Dangote is going to sell fuel at a profit. Sorry Nigerians, but expect fuel to be above N1000 per liter. The truth is, had we removed subsidy in 1993, or even 2011, which was our last chance really (but too many people were chanting cheap fuel, including our president...now Karma has come back to bite them)...we would have had 8 refineries , many more modular refineries, and maybe we would have had fuel for at least N300 per liter by now...and maybe we would be a major exporter of fuel

If a business man or woman or child does not make a profit, things will collapse. Because profits have to be made to keep the refinery running well. GOvernment is not going to step in and give Dangote money (except in the form of a production subsidy which won't do much).

Honestly, Nigerians, wake up. Socialisim works when you have the cash. One reason why I support subsidy removal is so that we earn so much money overall, we can afford to help the poor masses by raising enough revenue via taxation. (and we hopefully would have gotten rid of PDPAPC then, but I'm not holding my breath).

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

Don't mind them, they think it's a national project

Oghene86:


So we don't have crude to sell to Dangote? Or is it confirming news going around that Buhari sold and collected money for crude in advance, so whatever that's being produced now has been paid for and the money spent by the last government, what we don't know is how.many years this deal will last.

We are in a deep shit.

Exactly…. Nigeria don’t have enough crude oil to supply to dangote because they have been sold in the future

This people have finished this country.

TimeManager:
Can we try and be reasonable for once, everything shouldn't go by wailing and all that. What's our production per month?, we currently on 1.7mbp, do you expect we offload all our production to Dangote without selling abroad to earn FX?. Dangote and other refineries coming up would have to source crude from various buyers to augument the supply from NNPCL.
Dangote refinery requires 6million feedstock of crude oil to start production.
NNPCL does not have 6million supplies to give Dangote.

-kiss the truth!

If there’s anything I want to do this year is to leave the wailing wailers alone , they prefer wailing than being logical , some of them prefer the country to be bad so they can wail . When dollar fell sometimes dec when everyone was expecting it to slide to 2k all my watsapp status was quiet . right now it’s lively because what they expected is coming to pass .

NOETHNICITY:
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.

Everything often has two sides - the positive and the negative. Some chooses to focus only on the negatives because that's what's their heart desires and intentionally ignore the positives. So its not half education per se for some, it is just dishonesty and deliberate ignorance rooted in negativity.

One shouldn't worry too much about such opinions as they always end up disappointed. They are the same people that never thought the refinery will ever take off in the first place.

Calling people slowpoke its unfair. Na same thing these goverment funded media dey put for people head.

Why no media in Nigeria clear us say Dangote only owns 30% of the refinery? Na oyibo get the 70% which means dey dictate how the company will work. And we all know its all about profit. Dem no send our papa

Media seff dey play a huge role in these hard times.

Northernblood7:
Where are the Morons that said that the reason why their life is miserable is because Dangote refinery have not started producing? Can we all see now that Dangote refinery will end up putting more pressure on dollar making life more miserable for foolish Nigerians than they e have now?




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.

Tinubu is not smart. This is not a curse but a fact



Shame on you Dangote needs 650k barrels only. Don't say what nobody said. You are the one saying all crude should be given to dangote not me

https://punchng.com/oil-production-now-1-7-million-barrels-daily-says-fg

Nothing anyone won tell me that dangote refinery isn't another money laundry scheme setup Nigeria government's, i won't be surprised in the next 2/3 decade you would be seeing our today politicians dragging shares in this dangote refinery.

TimeManager:

That dude is ignorant, very ignorant. As they say, ignorance is a disease.
For clarity, Dangote refinery needs 6million feedstock of crude oil to jump start production and obviously, NNPCL doesn't have the production capacity to supply such an enormous amount currently, hence the need to find as many buyers.

-kiss the truth!

I thought Dangote has started production already. 650k per day means around 18m per month. At current production, that's ten days worth of production of Nigerian crude. I hope you understand.

Northernblood7:
This might be the reason for recent dollar upward rage. The more scarce dollar is, the more the demand gets intense causing price to go up. Imagine a whole Dangote refinery importing crude oil , We are finished. Dollar is heading to 3000.

Won't he sell the finished product outside too and get dollars?

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

Meanwhile he should be working for your pocket......haven't we mortgaged our crude or should he then wait for 10 to 15 years when he will have access to Nigerian crude?

As at the last thread abt dangote refinery. People were still jubilating and saying all manner of things.
It makes me wonder if it's not the same guy we've always known.
Joke of a country

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

Who do we offend for 9ja

Dangote Group has a subsisting credit line with JP Morgan to the tune of 50Billion dollars since 2013..intact till tomorrow...

He doesn't need your "few" dollars that isn't even yours in the first place..

Be informed!

firearcher:


Everything often has two sides - the positive and the negative. Some chooses to focus only on the negatives because that's what's their heart desires and intentionally ignore the positives. So it’s not half education per se for some, it is just dishonesty and deliberate ignorance rooted in negativity.

Hummmm
This is deep
I think you are right

Reason for this Judas Iscariot to sell petrol 2000 and tell us that he isn't selling Nigerian fuel.

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

guyman never begin produce, you are talking of exporting. has he exported any product to you?

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.

That's actually an angle

TimeManager:

That dude is ignorant, very ignorant. As they say, ignorance is a disease.
For clarity, Dangote refinery needs 6million feedstock of crude oil to jump start production and obviously, NNPCL doesn't have the production capacity to supply such an enormous amount currently, hence the need to find as many buyers.

-kiss the truth!

then wettin una de celebrate since about dangote refinery?

The comments on thread reveal one thing, the inherent hate for Dangote by a particular people from a particular region.
The hate is real.

It’s so bad that they don’t want Nigeria to succeed

This is just a ploy to continue to keep fuel prices at the prices they are or even increase.
How can you be importing from a country that imports from your own country?
What kind of juju is that?

kokoA:
How Manny barrels of crude does Nigeria produce a day? How many have already been sold in advance? How many is remaining to feed local refineries?

what then is all the hype about the refinery?

Topman7:
Nothing strange. They have the capacity to refine and supply beyond the Nigerian market, so they will be happy to take on foreign oil to keep their refinery in production.

This is a private-sector business.

Dem no send anybody.

private business nnpc invested billions of dollars of nigerian money into ?there is no excuse APC and agbadorians will not give

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.

but afbodorians were calling game changer before´,the billions of dollars nnpc invested there nko?

DMerciful:
So we have a stake, not fucking only Dangote!

You own 20% of a company and that gives you the right to tell the person with 80% how to run the company?You are delusional!

Mansa6:


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

make your point and stop ridiculing your little brains on public space - Nigeria like every country on earth has laws forbidding monopolistic
take overs in every business sector - THAT NIGERIA IS NOT ENFORCE IT AGAINST DANGOTE DOES NOT MEAN IT DOESNT EXIST

This is not hate bro! it is common sense.
I buy bread from you in Lagos, I take it to Aba. Someone from Lagos comes to Aba to buy the same bread and takes it back to Lagos with no value added. Does it make sense?

NOETHNICITY:
The comments on thread reveal one thing, the inherent hate for Dangote by a particular people from a particular region.
The hate is real.

It’s so bad that they don’t want Nigeria to succeed