Yoruba government in the mud

Tinubu is not happy

Will, will, will, will. I'm just tired of hearing that word as for as Nigeria is concern

Our country will be great again. Let the government provide conducive environment and stable policies for business so that our people would not be scared in investing in our own country,, this will also attract foreign businesses too.

This refinery is in Nigeria. Dangote is also a Nigerian.
What's all these stress? The FG should give all local refineries enough crude to refine to meet our local demand - simple!

I don't any of them can reject that offer

Monopoly mood activated

So we no go get be that

People shouting monopoly dont know shit.

In Naira or in Dollar?

These foreigners need to start looking for Naira upandan the same way we are looking for dollars now.

If South Korea and Singapore could be among the top ten importers of his petroleum products, then he is good to go. Singapore has ExxonMobil's biggest refinery outside the US, which is located on Jurong Island. Also, it is a major transhipment hub. For South Korea, the Chaebols are known for petrochemicals using crude from the Middle East.

Dangote should no longer be bothered about the Nigerian market.

asyuhzi:
But just not for Nigeria. I am very sad for us now

That's why the Government as a matter of utter most urgency, MUST make our National refinery work. we must never rely on Dangote Refinery.

descartes400:


That's why the Government as a matter of utter most urgency, MUST make our National refinery work. we must never rely on Dangote Refinery.

Governments in diverse countries should not own refineries. Mention ONE corporation which has been successfully managed for profit purposes by the Nigerian government? The government should SELL OFF all the refineries to willing investors at N1 each.

Na Yar'Adua cause this problem.

ogododo:

https://www.vanguardngr.com/2024/08/dangote-refinery-usa-spain-france-south-korea-singapore-others-make-top-10-importers/

The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote Refinery.

This is even as students across tertiary institutions in the country under the aegis of the National Association of Nigerian Students, NANS, have passed a vote of confidence on the Dangote Refinery.


However, the products that have been shipped to the countries at different times include fuel oil, gasoline, jet fuel and Naphtha, thus attracting additional foreign exchange to the nation.

Speed Painting, like medicine, leaves no room for error — Dr. Ojeabuo, A Speed Painter0:01 / 1:07

In its presentation – Nigeria’s Dangote Refinery – What it Means for Trade Flows and Price Benchmarks, at a recent virtual event, obtained by Vanguard, Argus Group, United Kingdom, disclosed that the refinery has changed the direction of petroleum products trade flows between West Africa and other regions while creating many multiplier effects, including jobs.

Nigeria’s fuel importation to drop 60% to 160,000 bpd
It noted that as a result of the coming onstream of the refinery, Nigeria’s petrol importation has been projected to drop by 60 per cent to the equivalent of 160,000 barrels per day, b/d by 2025, from 400,000 b/d in 2023.

The forecast has it that Nigeria would need to import only 75,000 b/d in 2025 compared to 350,000 b/d in 2023, adding that from 2026, it will start to import more following the expected population growth and rising domestic demand.

Nigeria to export diesel, jet-kerosine from 2025
According to Argus Group, the nation is also expected to start exporting diesel and aviation fuel from 2025, thus enhancing the inflow of additional foreign exchange into Nigeria.

It stated: “After years of anticipation, Nigeria’s 650,000 b/d Dangote refinery has been ramping up operations since the start of 2024, including loading regular refined product cargoes.

“The scale of the refining operation, in a region that has produced a lot of crude historically but refined little of it, will change global product trade flows and require new price benchmarking solutions for the West African market.

”Nigeria will go from an almost 400,000 b/d net import (short) position in 2023 to 160,000 b/d net export (long) position in 2025.

“Gasoline remains short, but the country will need to import just 75,000 b/d in 2025 compared to 350,000 b/d in 2023. From 2026 onwards net gasoline short however will start growing again and by 2040 it is forecast to be 220,000 b/d.

“Diesel flips from short to long, with the country able to export 130,000 b/d in 2025, and maintaining exports of above 100,000 b/d throughout the forecast period. Jet-kerosine surplus of around 20,000 – 30,000 b/d for most of the forecast period. But overall, by 2035, due to forecast strong demand growth, Nigeria’s total net export position is eroded, and by 2040, is 120,000 b/d net short.”

Sector gasps for continuous investment
The organization harped on the need for continuous investment in the midstream and downstream sectors, adding “West Africa’s net import position more than halves in 2025 but net short grows again from 2026 onwards and out to 2040.

”But the net import position will start rising again as soon as 2026, and then steadily increase out to 2040 at 1 million b/d, with gasoline 500,000 b/d short, diesel 300,000 b/d and jet 100,000 b/d. Dangote refinery timeline.”

NANS backs Dangote
On its part, speaking after a tour of the Refinery, NANS Senate President, Akinteye Babatunde Afiz, said: “We had a meeting on the situation in the country vis a vis the uncertainty in the oil and gas industry, especially the current fuel scarcity and we resolved to visit Dangote refinery to see things for ourselves.

“Having gone round the facility, our heart melted at the humongous size of the refinery.

“We have seen the refinery laboratory and we could see that it is world-class. We can’t allow this type of project that holds great potential for Nigeria’s economy to go down.”

Also, the Vice-President, Dangote Industries Limited, Devakumar Edwin while welcoming the student leaders to the Refinery thanked them for their concern for the facility and their resolve to stand for the truth by rejecting the monetary inducement.

He told the students that President Tinubu had intervened and commended the President for the directive for crude to be sold to Dangote Refinery in Naira currency, saying it is a good development for all Nigerians.”

We receive repeated orders — Magt
President of Dangote Group, Aliko Dangote, had revealed that Dangote Petroleum Refinery has continued to receive repeated orders for its products from all those who have purchased the same since the commencement of production. The refinery has so far exported its products to some European countries, Singapore and offshore Lome.

Speaking during a tour of both Dangote Petroleum Refinery & Petrochemicals and the Dangote Fertiliser Limited complex by members of the House of Representatives, Dangote, said: ”We produce the best diesel in Nigeria. It is disheartening that instead of safeguarding the market, the regulator is undermining it.

“Our doors are open for the regulator to conduct tests on our products anytime; transparency is paramount to us. It would be beneficial for the regulator to showcase its laboratory to the world so Nigerians can compare. Our interest is Nigeria first because if Nigeria doesn’t grow, we have limited capacity for growth.”

Why has Dan never thought of going into politics?

I don tire. We sha dey August o. Today I bought fuel N900, if dem fit make am come down to even N500, e for make sense

chatinent:
In Naira or in Dollar?

These foreigners need to start looking for Naira upandan the same way we are looking for dollars now.

Nigeria is not under sanctions from the US. The naira is not a globally traded currency. Nigeria is not a major trading nation in the global economy. The dollar is the world's reverse currency. The dollar is easily obtainable anywhere in the world. Nigeria does not need a strong naira.

Thus, there is no point for foreign buyers to pay Nigerian sellers in naira. In fact, it is good news he exports as this increases our foreign
dollar-denominated reserve.

This is basic economics o

We should demand for all d national 4 refineries should be working at optimal capacity before this man will tell us he has no products to sell to Nigeria,we will then imports dangote refined petroleum products from US, Singapore & France etc for use.

ogododo:

https://www.vanguardngr.com/2024/08/dangote-refinery-usa-spain-france-south-korea-singapore-others-make-top-10-importers/

Because they will get it cheap.

It is a clear logic.

Nigeria is just full of thieves

Gerrard59:

Nigeria is not under sanctions from the US. The naira is not a globally traded currency. Nigeria is not a major trading nation in the global economy. The dollar is the world's reverse currency. The dollar is easily obtainable anywhere in the world. Nigeria does not need a strong naira.

Thus, there is no point for foreign buyers to pay Nigerian sellers in naira. In fact, it is good news he exports as this increases our foreign
dollar-denominated reserve.

This is basic economics o

That economics was promoted by the west.

The more you keep looking for dollars, the more America keeps being world power.

The way to go in Africa is the promotion of local currencies.

Every country America sanctioned is doing better than they were.

While corrupt NNPC to import from USA, Europe and Singapore.

Gsentme:
Nigeria is capable to be one of the most respected country in terms of good economy. But it unfortunate our leaders are our problem. May God help us, no it's high time we take it by force. #endbadgovernance...

You would have join military if you wish to take government by force.

Salewa97:
Dangote is truly setting the pace! It's impressive to see our refinery making waves on the global stage alongside those heavyweights. This just goes to show that with the right vision and strategy, Nigeria can compete with the best in the world.

Let’s keep supporting Dangote; this is just the beginning. Imagine the economic boost and job opportunities that will come from this recognition! Nigeria is on the rise, and Dangote is leading the charge.

Have u ever heard dangote speak up for the poor masses?

Better face ur daily bread. That man don't care about u.

If it's to buy police cars he will buy.

trutharena:
This is a clear testament to Dangote's vision and hard work. Nigeria is finally getting the recognition it deserves on the global stage. Let them keep hating; the refinery will continue to thrive regardless!

Good, but is Dangote's refinery a national asset?
Me think say the profit dey go Dangote and his group's pocket o, na only tax e go dey pay the country. That been said, it'll be a good development for he government to resurrect our refineries, one step at a time I guess.

Salewa97:
Dangote is truly setting the pace! It's impressive to see our refinery making waves on the global stage alongside those heavyweights. This just goes to show that with the right vision and strategy, Nigeria can compete with the best in the world.

Let’s keep supporting Dangote; this is just the beginning. Imagine the economic boost and job opportunities that will come from this recognition! Nigeria is on the rise, and Dangote is leading the charge.

Well said. I just imagine why government after government keep doing same thing with no result of a single refinery working. An individual building the world biggest refinery shows that we have the capacity to do well as individuals than government institutions . Govt Refineries should be sold

Nigerians left the low hanging fruits they should have been pressuring the FG on in order to start easing off the economy immediately and instead want to do a total reset that will leave us bereft of any sense of direction.

Thank God the man cried out by himself early enough.

How does someone's personal business put food on the table of majority of poor Nigeria?
Abeg let's hear word joor

Dangote should sell to them in Naira for the strengthening of our currency since NNPCL will be selling to him Naira if he really wants to serve Nigeria as he claims

Very good. Since we don't like our own because of cabal and tribal sentiment, let others patronize the products

A squandering of riches!

LIIIIIIIIIIIIIIIIIEEEEEEEEEEEEEEEEEEEEEEEEEEEEESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

Na jst the monopoly dey fear me