nairalanda1:
Yep because it costs money to make petrol

SO, either IPMAN sells at the international standard, or begs government for subsidy payments totalling two thirds of our budget.

That's going to be fun...

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

kennyz247:
We are not serious for Nigeria ....

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:


[b]The first purpose of Nigerian crude oil is to finance the country. If you are o choose between your salary and fuel to buy. I am sure you will choose your salary.
The government has contracts with people buying crud oil for years. They cannot cut off all these people and now rely on Dangote.
Dangote is a virgin in the refining world. He has zero experience.
Its better for him to run for at least a year before we put the lives of Nigerians in his hands.
Now we have people buying crude-Outsiders
We buy Petrol from another place- Outsiders

But you are asking us to sell crude to Dangote and buy petrol from Dangote who just started refining yesterday. Thats too much to rely on one individual. 300 million Nigerians feed on crude oil sales.

If we give Dangote all these market and anything goes wrong, the whole country is in big trouble. My advice is he should be tested slowly, sell him a third of crude he needs, let him source the rest and buy a third of petrol he produces....slowly overtime we can increase the quotas.[/b]

Timmi:


DR is not asking to be the sole source for refined product just like DR didn’t ask to be sole source for diesel. DR supplied diesel and crashed the market, hence it’s up to the marketers to import or be purchasing it from DR. We’ve seen the effect of DR on diesel, but we are playing games with petrol because some cabals that are and have been benefiting from subsidy didn’t want DR to enter into the competition and crashed cost of petrol.

The same IOC that we are selling crude oil to, are they not same company that we are buying refined oil from? So your argument didn’t hold any water. Let them keep deceiving you while you are deceiving yourself also.

We, Nigerians are the one loosing, DR is not loosing at all. DR is buying crude from overseas and has willing buyers within the Africa continent. It’s unfortunate that the main purpose for setting up the refinery is been defeated not by outsiders, not by colonial masters but same Nigerians and denying the common man of buying petrol at reduced prices.

Asonaijaaso:


I know the Nigeria government doesn't not have clean hands, neither am i foolish enough to think DR will sell us cheaper petrol.
They are both using Nigerians as pawns to enrich themselves. If DR has other buyers in Africa, lets see him perform Magic. Let him sell to Benin republic/Cotonou at a cheaper price, let him prove us all wrong.

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.

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:
Before NKOR?

Chinkoalhaji34:
NNPCL don show say dem no fit play with Dangote.

E go better make everybody just align and support the man wey dey push our economy forward.

aviara:
If landing cost is N1117 per litre that means this govt still pays subsidy. So Tinubu lied when he said subsidy is gone.

Kukutente23:

I don't see why Dangote can't get crude cheap to moderate retail prices as is being done by the likes of Aramco, Gazprom and Petrobas

BigTableShaker:


We are not serious at all.

The subsidy money for just one month can build a working refinery.
Why can't FG build that refinery?
So that Nigeria can have ,,"Crude + Refinery" = Cheap Petrol for all.

Why Malta?
why imports?

why!

Asonaijaaso:
[b]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.[/b]

Rupertek:
Where can they get crude cheap, do you have source?

Sannisege:
It wasn’t BAT who mortgaged your oil stop misinformation. As per CNG, it’s not bad if the government finds alternatives to PMS such as CNG and electric cars.

Asonaijaaso:


Good question !
Assuming they buy at 1000, its 1000 all over the world. And when they bring it to Naija they add 200 (subsidy) and sell it 800.
If we buy or sell to dangote it will still be 1000 (thats international market price) If dangote refines it it will still be 1000.

THE GOVERNMENT WILL STILL HAVE TO ADD 200(subsidy) FOR NIGERIANS TO BUY CHEAPER.

Dangote is not going to foot the cost of the subsidy. Dangote who is a virgin refiner cannot refine crude oil at lower costs. If anything his costs will be higher because he is just starting to learn the business. We are buying from people who are running 24/7 refineries.

Rupertek:
Are you aware that we building our own refinery can only remove the cost on profit that the refineries make on fuel, which cannot be more than 100 naira per litter.
There is nothing like Cheap crude, crude is FGs main source of income so can only be supplied to the refinery at prevailing International market rate. So have our own refinery can eliminate only freight and profit cost

Emyogalanya:
Now you get nig is kills its own. Here i am an Igbo man defending dangote's business thats how it should be. By the way can't the 6 zones/regions be given liecense to build and operate a regional Refineries to provide for the need of their people? From there states can now own theirs too if they want

aviara:
If landing cost is N1117 per litre that means this govt still pays subsidy. So Tinubu lied when he said subsidy is gone.

ivandragon:


My post clearly said bat and the apc. Or was bubu not part of the apc? When he was mortgaging the country, where you not the ones hailing him and insulting sane Nigerians who pointed out the error of his actions?

Didn't bulaba say he supports bubu & praised his retrogressive actions?

https://www.channelstv.com/2024/06/07/fg-gets-945m-oil-backed-lifeline-from-afreximbank/

https://nairametrics.com/2024/07/09/fg-plans-to-borrow-another-2-billion-crude-oil-backed-loan-to-boost-economy-report/

https://punchng.com/fg-may-get-1bn-afreximbank-loan-in-may/


The ones above were collected by whom? You are the one trying to cover the truth and misinform. Even at that, couldn't bat have rejected the deal?

It is not bad for an alternative to be gotten to PMS, but why not ensure things are in place before the forceful shift to CNG? Why make PMS so expensive when the CNG is not available, don't even get me started on electric vehicles.

Again, that is how you people praised the useless buhari for 8 years even when his failings were evident, and you are doing same for bat even when all indicies show that he is not moving in the right direction.

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.

Arutan:


Dangote is a monopolist, he made his billions by monopoly (which no other company had) and now he cannot survive in the oil sector as a monopolist because this is different from fast moving consumer goods or building/construction materials.
Dangote wants the government to sell crude to him at a price he wants but doesn’t want to sell petrol or AGO to Nigerians at a price government wants. That is not going to be tolerated.
I totally support that Dangote refinery must never be witch hunted by any agent of government but also Dangote must abide by all quality regulations and decent / affordable pricing of products to Nigerians.
Government gives you crude at very cheap rates in Naira, please do same to citizens by selling at N150/L as demanded by government instead of insisting on selling at USD international equivalent rates to the public. This is the only way your monopoly can be permitted so long it’s for public interest.

UstazAhmed:
If you still believe that Tinubu isn't a disaster in Governance, here's a proof to tell you that the man is Buhari pro max version.

Confused and incompetent