naijaboy756:
NNPC are magicians selling at a loss to Nigerians then

ARE WE STILL PAYING SUBSIDY?

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

Timmi:


The reason is obvious, Nigeria refused to sell Dangote refinery crude oil, hence the refinery is importing crude oil from USA, Brazil, etc. The cost reduction was to come from transportation costs of crude oil on one hand and refined oil to Nigeria. We (Nigerians) are our own worst enemy.

davodyguy:
I can see a lot of ignorance.

Those who can read are blaming NNPCL and FG

Dangote is a business man and he has no intention of subsidizing anything or helping anyone.

Has he ever sold Cement cheaper than Large and BUA?

That Monopoly thing is real. NNPCL knows what they're saying about Dangote.

Procashtips:


Why not supply him the crude and watch price reduce?

davodyguy:
I can see a lot of ignorance.

Those who can read are blaming NNPCL and FG

Dangote is a business man and he has no intention of subsidizing anything or helping anyone.

Has he ever sold Cement cheaper than Large and BUA?

That Monopoly thing is real. NNPCL knows what they're saying about Dangote.

Asonaijaaso:


We supplied him Limestone free,import waivers free,tax concessions free.....the price of cement did not reduce !

We cant give him crude oil free, the government uses the money from crude oil to pay salary for all the Nigerians and pension for all the retirees. Thats the only source of Nigeria getting "dollars" into the economy.
If we sell to Dangote and he has to Pay in dollars, if he is paying in dollars . He has to sell petrol in dollars.
If dangote pays in Naira, it will make the exchange rate even worse than it is now. Its complex.
A lot of people do not understand. Dangote cannot get free or subsidized crude oil.

Islie:



https://punchng.com/only-nnpcl-can-buy-dangote-petrol-ipman/?amp

mrvitalis:
Marketers can't buy from dangote because there is no how dangote can sale for ₦1100

And there is no how marketers can buy ₦1100 when price is ₦600 to ₦800

So only NNPC can buy and sale at a loss ( AKA subsidy of ₦700)

Do you need any more proof we pay subsidy?

ivandragon:
Hmm...

This had been the concern of sane Nigerians all along.

Would Dangote's pms be affordable?

Aside that, the policy somersaults of BAT and the apc does not help matters.

1. A major refinery is coming on line soon, but you mortgage your crude oil into the future making the coming refinery dependent on importing crude oil.

2. You preach how Dangote's refinery would solve our pms problems, but you develop a policy that rapidly promotes the use of CNG thereby nullifying what you promoted.

3. Because of the mortgaging of crude oil, you know dangote would have to source crude from outside Nigeria, but you now devalue or float your currency which makes it more expense for dangote to get his crude, invariably meaning the cost would be higher for Nigerians...

Again, I wonder who advises bat and more importantly, I wonder how apc's praise singers reason or think. They see obviously poor policies and steps of government, but still blindly praise them and insult others who say the truth.

tj2018:
How much did he buy Crude, Did FG provide crude?

Faiththatworks:
NNPCL is mad and crazy. Whoever gave this suggestions about NNPCL being an offtaker is just trying with another format to bring back subsidy.

Asonaijaaso:


That doesnt solve the problem, if you are asking them to subsidize crude oil to Dangote.
We are still paying subsidy. As long as we are paying subsidy, whether its imported petrol or crude oil to Dangote. Nothing will change.
Nobody is yet to explain how Dangote refinery will make petrol cheaper.
Dangote refinery will sell expensive fuel because he has to pay back loans he used to build his refinery.
I am sure Dangote refinery will sell petrol even more expensive than importation.
Dont forget he is still a newcomer to the refinery world. He is a refinery virgin.
He has to learn a lot before he becomes an expert.

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

naijaboy756:
NNPC are magicians selling at a loss to Nigerians then

ARE WE STILL PAYING SUBSIDY?

bdon123:

There is no such thing as refinery virgin.yes he will probably sell higher that current rate except FG sells him crude at subsidized rate.dont forget we paying subsidy on imported product wit USD.Its better to subsidize for dangote via any means be it reduced tax or reduce price of crude so his wnd product becomes cheaper.At d end of d day d refinery is a business n they wont run on loss . however,we can pay n collect product in naira which will ease pressure on our currency n also guarantee us quality premium fuel frm dangote refinery not d current garbage dey all import at octane 75

Asonaijaaso:




..At the end of the day, the government is still paying "subsidy".
Its more complex than people think it is, the government is not doing a good job explaining these things.

Asonaijaaso:


That statement you made ! Subsidy.
You want us to transfer the petrol subsidy to crude oil subsidy.

That will not work, we are trying to get rid of subsidy.
Crude Oil market is standard all over the world.
USA has 130 refineries, they do not have any oil subsidy.
One Dangote refinery will not bring down petrol prices, in Nigeria.
Nigeria cannot sell crude subsidize, where are they going to get money to pay salary and pension. Even now they sell all the crude abroad, we still have to borrow from IMF and world bank.

advanceDNA:


What is wrong in subsidy?? I keep hearing this thing......there is no country where subsidy doesn't exist...FG has only poisoned u pple to make u feel subsidy is an abomination...... U will never enjoy ur nation's common wealth without subsidy in a country like nigeria ..the money not paid to subsidize essential goods or services like health care or education will only be embezzled through dirty palliatives, fake grants to poor families and their usual inflated cost projects like using 600billion dollars to build bridge of 400million dollars

Emyogalanya:
You people talk of international market as if its located on the moon and not on earth. Those international market are in other peoples countries and their location is not in heaven its on earth just like nig. So how can they buy from int. Market price from other countries but will not be able to buy same product at same price here at home. Lets say they buy from usa at 1000 and pay cost to bring it down here and sell at 800. So how comes they can't buy same product from dangote at the same 1000 and pay less cost here and still sell at the same 800. What made dangote's own costlier if not politics.

Asonaijaaso:


That statement you made ! Subsidy.
You want us to transfer the petrol subsidy to crude oil subsidy.

That will not work, we are trying to get rid of subsidy.
Crude Oil market is standard all over the world.
USA has 130 refineries, they do not have any oil subsidy.
One Dangote refinery will not bring down petrol prices, in Nigeria.
Nigeria cannot sell crude subsidize, where are they going to get money to pay salary and pension. Even now they sell all the crude abroad, we still have to borrow from IMF and world bank.

Faiththatworks:
NNPCL is mad and crazy. Whoever gave this suggestions about NNPCL being an offtaker is just trying with another format to bring back subsidy.
NNPCL is the worst government organisation In the last 10 years, I'm not a tribalistic man but I believe those Hausa and Fulani people have totally failed at NNPCL.
Asiwaju must use his nepotistic tendencies in cleansing the clueless and parasitic Fulani and Hausa elements in that organization.
How can the clueless Fulani and Hausa elements in that organization still be in charge eight months after they told us the Port-Harcourt Refinery will start working,how they are still employed really baffles me.
I believe there's a simple solution to cheap fuel in Nigeria, especially from Dangote Refinery.
Instead of the parasitic element in NNPCL paying for subsidy on Refined fuel,they should subsidize the crude oil.
No Kobo should be paid to Dangote in the form of subsidizing refined products,let the NNPCL and the dirty cabal in the organization give Dangote the local crude production at a discounted rate and fix the price of Refined products but the thieves in NNPCL will never go that route.
If Asiwaju doesn't sack these criminals in NNPCL then I believe he's a direct benefit of the economic crime they are commiting against their

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

bdon123:

Bros we are paying subsidy heavily whether i like it or not.price of landing petrol in naija is around 1100 n it sells around 700....that is 400 naira subsidy.dont forgot petrol is priced in usd not naira so d more exchange rate drops d higher d price of petrol

davodyguy:
I can see a lot of ignorance.

Those who can read are blaming NNPCL and FG

Dangote is a business man and he has no intention of subsidizing anything or helping anyone.

Has he ever sold Cement cheaper than Large and BUA?

That Monopoly thing is real. NNPCL knows what they're saying about Dangote.

ivandragon:
Hmm...

This had been the concern of sane Nigerians all along.

Would Dangote's pms be affordable?

Aside that, the policy somersaults of BAT and the apc does not help matters.

1. A major refinery is coming on line soon, but you mortgage your crude oil into the future making the coming refinery dependent on importing crude oil.

2. You preach how Dangote's refinery would solve our pms problems, but you develop a policy that rapidly promotes the use of CNG thereby nullifying what you promoted.

3. Because of the mortgaging of crude oil, you know dangote would have to source crude from outside Nigeria, but you now devalue or float your currency which makes it more expense for dangote to get his crude, invariably meaning the cost would be higher for Nigerians...

Again, I wonder who advises bat and more importantly, I wonder how apc's praise singers reason or think. They see obviously poor policies and steps of government, but still blindly praise them and insult others who say the truth.

bdon123:

Yes there is no super nation that doesn't subsidized.ours is more of a problem of border control as our products end up in other countries