LandMann:


Your wiseness is foolishness to everyone. Sorry I can't help you

Guestlander:


But Tesla supplies about 55% of EV vehicles in the U.S, why is the U.S not coming down on Musk?
Why is the U.S not encouraging cheaper and well made EV vehicles from China to compete?
The same Americans bailed out their auto makers with billions of dollars because they could not afford to let the die even when foreign automakers from Asia are there and capable of supplying the market with better and cheaper cars.
The reason they did that is to protect American jobs and that should be the priority of the our own government.
We gain nothing by keeping foreigners employed while trying to prevent what is not even a monopoly.

horlando30:


Well, for Tesla the market share was as a result of been a first mover in the sector and it is reducing every year. They have competition Rivian/GM and they are quickly catching up to reduce that share and the US govt is helping them to do that by giving climate credit to rivian / GM customers and other electric vehicles manufactured in the US but stopped giving it to tesla. In a way reducing Tesla share and improving competition. So Tesla is not a monopoly!

horlando30:


Well, for Tesla the market share was as a result of been a first mover in the sector and it is reducing every year. They have competition Rivian/GM and they are quickly catching up to reduce that share and the US govt is helping them to do that by giving climate credit to rivian / GM customers and other electric vehicles manufactured in the US but stopped giving it to tesla. In a way reducing Tesla share and improving competition. So Tesla is not a monopoly! Also hope you know no one is stopping Dangote from exporting the excess of its refined products to other countries. It is located in a free trade zone which implies it will practically pay zero excise duties to export its products. So if Dangote is free to export then it shouldn't asked for no import. Atleast no now.

Guestlander:


Going by the same logic, isn't it better that Nigeria supports local refineries and help the gain market share rather than keep foreign refineries operating while our own refineries are left to die?

leokid866:
Please shift how will dangote have a monopoly when NNPC alone has 4 refinery and there are several other Modular refineries spread across the country? Even BUA has started his own construction in Imo or so.....dangotes quarrel is with importation of fuel and that truly needs to be addressed cause anywhere in the world if local production is not protected it will lezs to death of Local industries and market flooding with substandard products which will be harmful to the country.....we have already seen this in the textile industry

LandMann:


1. Going by your logic, will Dangote agree to not export his fuel and diesel and every product of his refinery outside Nigeria?

2. Let's take it further, what if every country bans importation of every product from Dangote refinery?

The fact is Dangote will never agree to one above.

Supporting local REFINING is not the same thing as supporting a one man business controlled by greed and selfishness.

It is greed and selfishness to pressure the government to ban import which will give you overall monopoly of the market knowing fully well that other refineries don't yet have what it takes to compete with you

If Dangote agrees to sell his refinery product in Nigeria alone and agrees to sell at least 50% of shares in the company to the public (Nigeria and Nigeria businesses only) then the government can grant his request. Otherwise, granting such request at this time will only lead to further exploitation of the masses.

If you want to convince me to agree with you that Dangote should be given monopoly in another critical sector of Nigeria then you must prove to me how the monopoly he enjoys in the cement sector has benefited Nigeria and Nigerians.

A man that can wake up and increase cement price by almost 200% just when the government is pushing to build roads with cement from Nigeria is an exploitative man. That kind of man is a core capitalist, most of whom are lead by greed, selfishness and self-centredness.

I'm sure if Dangote goes into telecommunications tomorrow he'll start crying for the government to ban MTN, WhatsApp, Starlink and other foreign companies that will compete vigorously against him which will most times result in better quality of service at lower prices for the consumers.

Has Nigeria enjoyed any benefit from Dangote cement since he was granted monopoly of the market? No. Year in year out he increases price of his product and the masses have no choice but to buy it.

Why fuel the greed of one man continuously and expect others to come into the market knowing that they can lose their money because of the unfair access and advantage Dangote enjoys with Nigeria's government.

Just a briefcase full of dollars and the corrupt lawmakers and government officials in Nigeria will rewrite the rules to favour one individual.

Who will be stupid to come invest in such a climate?

International investors are watching to see how Tinubu handles this issue. Grant Dangote the monopoly he seeks and investors will run away

If Dangote has what it takes, produce quality product and sell to Nigerians at cheaper prices. Consumers will naturally gravitate towards your product cos that's the fundamental law of demand.

Crying out for government to rewrite the rule to grant you monopoly is disingenuous... it's same rule you'll later rely on to frustrate any competition in court tomorrow....plus a dose of bribery to corrupt judges.

LandMann:


1. Going by your logic, will Dangote agree to not export his fuel and diesel and every product of his refinery outside Nigeria?

2. Let's take it further, what if every country bans importation of every product from Dangote refinery?

The fact is Dangote will never agree to one above.

Supporting local REFINING is not the same thing as supporting a one man business controlled by greed and selfishness.

It is greed and selfishness to pressure the government to ban import which will give you overall monopoly of the market knowing fully well that other refineries don't yet have what it takes to compete with you

If Dangote agrees to sell his refinery product in Nigeria alone and agrees to sell at least 50% of shares in the company to the public (Nigeria and Nigeria businesses only) then the government can grant his request. Otherwise, granting such request at this time will only lead to further exploitation of the masses.

If you want to convince me to agree with you that Dangote should be given monopoly in another critical sector of Nigeria then you must prove to me how the monopoly he enjoys in the cement sector has benefited Nigeria and Nigerians.

A man that can wake up and increase cement price by almost 200% just when the government is pushing to build roads with cement from Nigeria is an exploitative man. That kind of man is a core capitalist, most of whom are lead by greed, selfishness and self-centredness.

I'm sure if Dangote goes into telecommunications tomorrow he'll start crying for the government to ban MTN, WhatsApp, Starlink and other foreign companies that will compete vigorously against him which will most times result in better quality of service at lower prices for the consumers.

Has Nigeria enjoyed any benefit from Dangote cement since he was granted monopoly of the market? No. Year in year out he increases price of his product and the masses have no choice but to buy it.

Why fuel the greed of one man continuously and expect others to come into the market knowing that they can lose their money because of the unfair access and advantage Dangote enjoys with Nigeria's government.

Just a briefcase full of dollars and the corrupt lawmakers and government officials in Nigeria will rewrite the rules to favour one individual.

Who will be stupid to come invest in such a climate?

International investors are watching to see how Tinubu handles this issue. Grant Dangote the monopoly he seeks and investors will run away

If Dangote has what it takes, produce quality product and sell to Nigerians at cheaper prices. Consumers will naturally gravitate towards your product cos that's the fundamental law of demand.

Crying out for government to rewrite the rule to grant you monopoly is disingenuous... it's same rule you'll later rely on to frustrate any competition in court tomorrow....plus a dose of bribery to corrupt judges.

Streetinvestor2:
The people paying you are wasting thr money. People like me are smarter than you and are financial literate.
How is dangota having monopoly in cement. You have bua,wapco,sokoto ,ashaka cement. Why didn't they crash thr own prices to put dangota cement out of business. Ibeto should build his own cement company. He has no business importanting it when we have abundant raw material for it in enugu. Sokoto cement serves few states in the North like ashaka cement. His target market can be only SE states....I am full igbo man
.
Why didn't government take up the complete 20% stake they lied about in the refinery instead of just 7.2%. If they sensed monopoly.
And since you are a financial illiterate. Dangota has plans of listing on nse next year.

Still go tell your famil/ you to initiate monopoly in garri so that it can be available in nigeria...we have no problem with that.At your age dangota was already a billionaire while you are here collecting stipend to come write English on faceless forum. Is people like you that make some youth this days believe education is a scam. You went to school and cannot create employment but quick to write about someone who is the highest employer of labour in nigeria in private capacity. Seriously are you cursed or you are a witch not wanting something good for the country .The refinery must work as Nigerians stand with him.The fuel the criminals who sent you are importing why is it not yet cheap since dangota has not started selling fuel