liveLongNprospa:


I am telling you the man is either getting crude cheap or FG is paying him.

One of the 2.

The 3rd unlike option is Dangote selling cheaper than he bough crude which we know is a lie.

Another possibility could be the contents he used in making diesel aren't as expensive as that for making PMS.

Again someone will have to do a deep dive into that

GloriousGbola:


I am actually not suprised. It happens alot with celebrities (who are financially illiterate). Sting found his personal accountant had been stealing from him for years. Beyonce found her dad their manager had been doing the same thing. Na jayz wey show her. Imho these are the real reasons the fam no like Lola. She does not fit the mold of the quiet ditzy wife that has no clue about money.

I never understood why they made Jude who had no actual showbiz background their manager. It alway looked like a local move to me.

izzou:


Diesel was 1350/1400 before Dangote started.

Today, it is 1150/1200

So how come Dangote reduced it without no subsidy?

OasisX:


......see Person somebody here dey worship?! You better heed larride Advice. PDPGuy sef carry tory wey no gel enter here like Internet dey forget. LOL!

izzou:


I am not optimistic about August, but i am sure that the only option for us to buy cheaper fuel is through local refining

Any marketer that thinks he can drive the price down shouldn't waste any second. We are waiting to buy.

I bought 900 per litre at Abraka, and my body is doing me somehow

BlueRayDick:


Lolz

Its not that deep

That may just be market penetration strategy on Dangote's part. He may be using lower pricing as a market penetration tool to dive into the diesel market as a new entrant. These things are normal in marketing.

It is only when Dangote sustains that lower price of his diesel over a period of time u can be sure he's actually out to disrupt the market for real with is lower pricing. U can decide to cut ur profit margin to gain ground for ur products in an already existing market.

Dangote has financial obligations to his lenders, he would lose more selling diesel the same price as importers (even though he wishes to). He wouldn't want excess finished products without unwilling buyers na.

BlueRayDick:
https://x.com/kunmydrey/status/1823031361462006246?s=46

Baba Rahman: My name is Adisa Taiwo Rahman, I am a retired civil servant from Nigerian Ports Authority and a Politician. This is the man we root for and that is President Bola Ahmed Tinubu

Interviewer: Can you feed 3 times in a day ?

Baba Rahman: I have been living in this country since I was born in 1961. I have never secured 3 square meals since I was born, And nobody can until you become that rich.
If I’m not a Dangote child that you can’t say 3 square meals will be secured.

In Islam, we were given this kind of adage language ; cut ur stomach into 3: eat small,drink small and let air breath in ur stomach.


🤮🤮🤮🤮

The angel wey put me and this man for the same country has a lot of explanation to do o.

larride:


I hear there's scarcity again.

Mele Kyari just dey use us dey play. Make Tinubu do quick send that man go house abeg.

Theflint1:
Don't hold your breath, we produce cement locally, but pay through our noses for it... we'd probably have been buying cheaper importing.

The Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, has advised Nigerians not to entertain the illusion that the Dangote Refinery would guarantee them cheaper supply of refined petroleum products.

Rewane said the most the Dangote refinery would guarantee was improved supply of petrol in Nigeria’s domestic market, but would not affect the foreign exchange position of Nigeria significantly.

He said this yesterday, during the 2022 virtual economic outlook organised by the Stanbic IBTC Group, where he projected that the refinery would become operational in the Q1 2023.


Rewane said: “Nobody should expect that the Dangote Refinery is going to make petrol cheaper (in Nigeria). It is going to make it more available at any point in time. I doubt it whether he is going to collect his money in Naira because Dangote has costs.

“Dangote Refinery technically and theoretically is outside Nigeria as it is situated at the export processing zone. We have a deep sea ports where the ships will take the refined products. But rather than buying from Amsterdam we will buy from Dangote and ship to Atlas Cove, Bonny and Port Harcourt.

“The saving (to Nigeria economy) is that rather than shipping a tanker from Amsterdam to Nigeria, we will be shipping it from Lekki

Theflint1:
There are things that could make it cheaper sha, things like cost of labor and haulage costs, but like you said one would need dive deep to know what his real costs are.

liveLongNprospa:


I am telling you the man is either getting crude cheap or FG is paying him.

One of the 2.

The 3rd unlike option is Dangote selling cheaper than he bough crude which we know is a lie.

Another possibility could be the contents he used in making diesel aren't as expensive as that for making PMS.

Again someone will have to do a deep dive into that

BlueRayDick:


I don't know where izzou is suddenly getting this false hope of PMS getting cheaper with Dangote in the picture.

We have been repeatedly told by people with more access to real data like Bismack Rewane that Dangote PMS may not necessarily be cheaper



This was far back in 2022 o

izzou:


You said Dangote can't reduce the price of PMS without subsidy, and i have just shown you that of AGO.

Now, na marketing strategy.

So at what point will it not be marketing strategy?

Diesel is open for anyone to import. Let them import and apply marketing strategy to keep the price at 900. It's a win-win.

OkpaNsukkaisBae:


If Barca can keep their house in order.. They may only succeed in Europe.. Nothing much for them in Spain

izzou:


What was the dollar rate in 2022?

BlueRayDick:


U are missing the point.

Dangote could've decided to sell diesel for the normal N1,400/liter that importers sell without subsidy. However, he knows if he does that he will be struggling for market share with those importers. Instead he cuts his price as a new entrant into the market to steal a chunk of their market share.

In due time when the price cutting is longer sustainable , he will jack up his price but he would've gained enough market share at their point and maybe some of the importers would've been out of business.

As for making petrol price lower, that's a tall dream. NNPC is still a major player still paying subsidy on PMS. For his price cutting strategy to work for PMS, something has to give. Either NNPC/FG kicks subsidy fully out of the door and have a gentleman agreement with Dangote to sell cheap(which will be difficlut now that they don't even have enough crude to give him) or they start paying him the subsidy instead of the importers/marketers.

izzou:


It is not evident in Lagos.

If you see the long queues outside Lagos ehn..

Theflint1:
There are things that could make it cheaper sha, things like cost of labor and haulage costs, but like you said one would need dive deep to know what his real costs are.

larride:


No be skit?

liveLongNprospa:


OH nnpc can just buy from him and sell to the rest cheaper.
Point is for Dangote to succeed, nnpc will have to stop importation and buy from him alone or still import and then also subsidise his PMS or last last sell crude to him on cheap.

Point is subsidy must be involved

BlueRayDick:


Not as high as today.

Ur point?

BlueRayDick:


U are missing the point.

Dangote could've decided to sell diesel for the normal N1,400/liter that importers sell without subsidy. However, he knows if he does that he will be struggling for market share with those importers. Instead he cuts his price as a new entrant into the market to steal a chunk of their market share.

izzou:


Do well to state the rate .

We defended the naira in 2022. Rate had some stability.

In 2024, with nothing, you think a 2022 article is still correct?

BlueRayDick:


This has little or nothing to do about defending dollar or not.

I will tell u why the 2022 article is still valid and correct.

Dangote like every other business man sources for dollar for the purpose of buying his crude(Majority of which is sourced from abroad since FG/NNPC is unable to provide him crude even if they wish to). In 2024 he as a businessman is sourcing dollar at a higher rate than he would've done in 2022.

It is only expected he sells his product to reflect his cost (chief of which is exchange rate determined) and then sell at a profit. Why will he sell cheaper when he has financial obligations that are already due to his lenders?

It's just so funny how u actually believe Dangote is doing all of these things for the love of his country and not that he's trying to survive as a businessman who invested in a business that has since undergone several changes in dynamics

BlueRayDick:
https://www.nairaland.com/8183444/apc-replies-arise-tv-rufai

Theflint1, Oga monday and APC say if una wan see him attend interview, dem make una pay him $1million

Raumdeuter will soon come and support this.

But he will wail on American politics thread because Kamala no gree attend interview

izzou:


Where did you see me say Dangote is doing it for the love of Nigeria?

I am fighting for my pocket bro. So far, Dangote is cheaper. And with the naira falling anyhow, that is our cheapest option.

With the numerous importers we have, none can show workings and import it cheaper.

Like i said, i really hope his PMS is cheaper. I no dey for any nonsense propaganda wey any marketer wan sell to me.

If you think you can make it cheaper, do it. We go buy.

izzou:


Raumdeuter will soon come and support this.

But he will wail on American politics thread because Kamala no gree attend interview

BlueRayDick:
https://www.nairaland.com/8183444/apc-replies-arise-tv-rufai

Theflint1, Oga monday and APC say if una wan see him attend interview, dem make una pay him $1million

Theflint1:
Lol...APC is the weapon fashioned against Nigeria

The people wey pick am know why dem pick am sha, cause I'm sure APC could have found a better candidate.