FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

PSmurf:
I'm guessing you're feigning ignorance of the dark fleets that sell Venezuelan crude throughout the world? Tell me the last time you heard of one of these dark fleets being seized by the US? Or you heard of India being sanctioned by the US for buying cheap Russian crude? Just stop defending the indefensible it makes a mockery of your education and intellect.

MrBrownJay1:


what does cement got to do with anything? was the gov buying cement from abroad in the past? was the gov selling cement to Nigerians in the past? rice is more expensive today, is that Dangote's fault too?

Nigeria has FOUR yeye refineries that has never been able to solve Nigeria fuel problems... but if someone put $20B of their own moneyto build the biggest refinery in Nigeria (that can cater for Nigeria's fuel needs), you want to call that monopoly because Dangote's refinery could solve the Nigerian problem that Nigeria (and its 4 yeye refineries) couldnt solve?!?

malali:


Crude Oil is more than just NNPC
1-Crude Oil sales is the generator of revenue for the whole country- the whole 36 states.
2-We don't provide enough crude to fulfill export OPEC quota and local refineries existing before Dangote.
3-The crude market is the world most recognized international commodity market.
4-Nigeria has the right to determine who they sell and buy crude from without any subjugation or coercion.
5-A lot of countries producing crude and exporting also import e.g USA, the crude they produce is not best suited for their refineries, so they export and import the Saudi crude in return, so crude trading is bilateral
6-Nigeria has established trading relationships with some crude buyers internationally for over 30 years, if we stop all of them and sell to dangote today and tomorrow dangote decides to not buy from Nigeria, it will be difficult to re-establish selling to our "plugs" because they might have found other customers.
7-Dangote refinery being a private business entity should source his crude from open market, make petrol and then we are sure of his capacity to function before doing business with him. Building a refinery and effectively running it are 2 different things.
8-If we get involved in Dangote refinery too early, he might use the Nigerian government to run his refinery.Because he is going to need funding and logistics to run the refinery.

Dangote Refinery is still a private business and must be treated as such. Crude oil sale is what the whole Nigeria depends on, we cannot give it to "one person" it doesnt make business sense or protect our sovereignty as a country.

malali:


Only intellectually challenged fellows need to go personal on someone sharing a different opinion.
Get well soon.

malali:
If he didnt do it with cement ? Why would it be any different with Petrol.

VikingKing:


You will defend the devil himself as long as he's willing to pay you. Where are the imaginary dollars you once said we will save from subsidy? How much is the naira which you said will gain massively when the imaginary dollars start trickling in? Your own na to just dey form expert on every topic when you know absolutely NOTHING! What's up with the dollars you said we will save after Binance? Empty barrel!

Please check my profile for the real free stuffs

MrBrownJay1:


hhmm let me see...
A) the Nigerian gov wasnt paying outrageous prices to get cement (from some yeye Malta factory) before Dangote came into the cement business
B) the Nigerian gov didnt have failing cement factories in Nigeria that baba Dangote had to invest $20B in order to construct a cement factory to save Nigerians and oil prices in Nigeria
C) what else do you see in your crystal ball that stops you from seeing that someone building the biggest refinery in Nigeria is a great thing for Nigerian and Nigerians (regardless of what you "imagine/wrongly assume" will happen in the future)?
D) so you are saying that NOBODY should trust Dangote because cement price is high, yet Nigerian prices are SUPER HIGH TODAY and the country is falling apart (for the last 60years) but you keep trusting the same yeye political parties to rob you of your destiny... pls do tell me, whats the difference between cement monopoly and monopoly of the same yeye political parties ruining Nigeria year in and year out? if you foolishly accept one, why are you so bitter in accepting the other?

at the end of the day, whats best for NIGERIA/NIGERIANS today?

cyphaAhmed:
Are you proud of yourself right now?

malali:


You make good points. I also agree with you that Nigerian government and NNPC has failed us. I however strongly think Dangote is in it for his profits. We have clear antecedents in the cement manufacturing. Nigerians do not benefit in anyway from having the largest cement manufacturer despite all the free raw materials and concessions, where he would have had to pay for if he was located in another country.
I do not know if you are ready to be objective or you are emotionally blinded due to the sufferings in Nigeria. Cement prices should be cheapest in Nigeria in the whole world.
But guess who pockets all the profit to the detriment of Nigerians. People like you are now advocating we should hand over the oil/gas sector to him.

Inspirer1:
Dangote may be right with this revelation.

PSmurf:


I agree to an extent - that cement prices can and probably should be lower, but also recognize there are other competent players in the cement market that can lower their prices and take market share from Dangote if it's profitable to do so. The fact they're not doing so suggests he might be selling at a reasonable market rate. Or that there's anticompetitive collusion in the market-which a responsible federal government should investigate and put an end to.

malali:


Why cant Dangote buy from the shadow fleets ? I am glad you acknowledge that they exist. Why must he get the crude oil used to feed 300 million Nigerian citizens ?

malali:
You make good points. I also agree with you that Nigerian government and NNPC has failed us. I however strongly think Dangote is in it for his profits. We have clear antecedents in the cement manufacturing. Nigerians do not benefit in anyway from having the largest cement manufacturer despite all the free raw materials and concessions, where he would have had to pay for if he was located in another country.
I do not know if you are ready to be objective or you are emotionally blinded due to the sufferings in Nigeria. Cement prices should be cheapest in Nigeria in the whole world.
But guess who pockets all the profit to the detriment of Nigerians. People like you are now advocating we should hand over the oil/gas sector to him.

Melagros:
COMRADES, this is the one thing that is killing Nigeria CORRUPTION
But unfortunately the president is sleeping

Special thanks to Dangote for this exposure

malali:


This and others is what i want the government to guard against, because once we surrender the reins to Dangote refinery, we all come under his mercy.If you ask me, The person controlling Petrol in Nigeria is more powerful than the president. Trust me. Why do you think the USA goes to war in Oil countries ? Iraq,Iran,Libya,Russia,Venezuela.......Whoever controls the Oil controls the world.

malali:


Crude Oil is more than just NNPC
1-Crude Oil sales is the generator of revenue for the whole country- the whole 36 states.
2-We don't provide enough crude to fulfill export OPEC quota and local refineries existing before Dangote.
3-The crude market is the world most recognized international commodity market.
4-Nigeria has the right to determine who they sell and buy crude from without any subjugation or coercion.
5-A lot of countries producing crude and exporting also import e.g USA, the crude they produce is not best suited for their refineries, so they export and import the Saudi crude in return, so crude trading is bilateral
6-Nigeria has established trading relationships with some crude buyers internationally for over 30 years, if we stop all of them and sell to dangote today and tomorrow dangote decides to not buy from Nigeria, it will be difficult to re-establish selling to our "plugs" because they might have found other customers.
7-Dangote refinery being a private business entity should source his crude from open market, make petrol and then we are sure of his capacity to function before doing business with him. Building a refinery and effectively running it are 2 different things.
8-If we get involved in Dangote refinery too early, he might use the Nigerian government to run his refinery.Because he is going to need funding and logistics to run the refinery.

Dangote Refinery is still a private business and must be treated as such. Crude oil sale is what the whole Nigeria depends on, we cannot give it to "one person" it doesnt make business sense or protect our sovereignty as a country.

FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

helinues:
Good

ugodson:
It may not be his own but the truth is not far from the current Nigerian presidents so Seyi Tinubu

FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time.

May God bless Nigeria for ever! Check my signature for free stuffs!

VikingKing:


You will defend the devil himself as long as he's willing to pay you. Where are the imaginary dollars you once said we will save from subsidy? How much is the naira which you said will gain massively when the imaginary dollars start trickling in? Your own na to just dey form expert on every topic when you know absolutely NOTHING! What's up with the dollars you said we will save after Binance? Empty barrel!

Please check my profile for the real free stuffs

Yankee101:
They are recycling used black motor oil for use as fuel
It’s very very very dirty
It’s what you throw away when you do oil change

malali:


Yes, we want to save money, But we are not planning moving from frying pan to fire. We dont plan to give one business man with monopolistic business antecedents all the profit from crude oil sales to one business man.