Thewrath:
Stop making excuses for govt,they are only after their selfish interest (subsidy)..if fuel prices can’t reduce then be prepared to spend higher in cost of living …thesame people who told you why fuel can’t reduce are thesame people telling you why minimum should not be able to afford a bag of rice and you believe them.

Thewrath:
Stop making excuses for govt,they are only after their selfish interest (subsidy)..if fuel prices can’t reduce then be prepared to spend higher in cost of living …thesame people who told you why fuel can’t reduce are thesame people telling you why minimum should not be able to afford a bag of rice and you believe them.

JagabanB:

The probIem with most of u is that u have fixated ur minds on politics so much that u see everything with the eyes of politics.
Someone made an analysis based on what he knows and sees, he could be a neutral neither in support nor against the govt, just a simple analysis and people like u whose Iife is eñsIàved to politics will factor politics into every talk.
U need rehabiIitàtion my friend.

jmoore:
If price of petrol is not reduced, then the hyperinflation will continue to rise.

All of us dey enter same market to buy garri and rice.

Thewrath:

Such analysis should not even come up in the first place if we are no docile in this country…do you have an idea how much of the external reserves was depleted just to meet up with dangote’s demand for dollar?

Is that thesame reason why the fuel is not readily available even at the exorbitant price?

Is this what was promised? Is dangote’s not a private business man,what should nnpc monopolize purchase and distribution if not for hidden agendas?

If the refinery was so important to nnpc,why didn’t nnpc build it or renovate tge existing ones?

We are not asking the right questions as citizen but busy making excuses for them and you expect us to progress? All these people lieing are supposed to have their heads on a spike and continue their sentence again shouod they decide to reincarnate or in the afterworld!

Thewrath:

Such analysis should not even come up in the first place if we are no docile in this country…do you have an idea how much of the external reserves was depleted just to meet up with dangote’s demand for dollar?

Is that thesame reason why the fuel is not readily available even at the exorbitant price?

Is this what was promised? Is dangote’s not a private business man,what should nnpc monopolize purchase and distribution if not for hidden agendas?

If the refinery was so important to nnpc,why didn’t nnpc build it or renovate tge existing ones?

We are not asking the right questions as citizen but busy making excuses for them and you expect us to progress? All these people lieing are supposed to have their heads on a spike and continue their sentence again shouod they decide to reincarnate or in the afterworld!

richmond500:
ur situation is beyond redemption.
You have already chose what to believe no matter what anyone says to you.
Goodluck

Ogiame:




Shameless Hypocrite like you don't end well in life.

Here is your receipt. 🫏🫏

JagabanB:

Nigerians will NEVER ask the right questions, you know?
Because Nigerians ask questions with propaganda not with data, let me give you an example now, how much foreign reserves was depleted to meet Dangote's need for dollars, can you tell me?
You have the data?

Thewrath:

Love your country but NEVER trust it’s government.

Thewrath:

So you are waiting for the government to tell you what and what they had to do to meet up? Some information are confidential and you should never believe what you see on the internet until it impacts your life personally.

Love your country but NEVER trust its government..have a nice day.

JagabanB:

This is exactly why Nigerians will NEVER ask the right questions, a people fixated on propaganda will never grow.
If the information is confidential, how did you get it?.
With people like u, Nigerians will NEVER ask the right questions.
U don't combat propaganda with propaganda, politicians are well seasoned in the game of propaganda and the average man wants to ask politicians questions with propaganda fed to them by same politicians, Nigerians need mental liberation and it starts with getting facts before making conclusions, something u just faiIed woefuIIy at.
I love my country, I neither trust the govt nor the people because the govt is always made of the people.

JagabanB:

Nigerians will NEVER ask the right questions, you know?
Because Nigerians ask questions with propaganda not with data, let me give you an example now, how much foreign reserves was depleted to meet Dangote's need for dollars, can you tell me?
You have the data?

WINDSOW:

Emperical data analysis, normal procedure and scientific process obtainable in sane climes have never worked in this Nation. The reason we do not follow basic principles but rather irrationally do things for selfish purpose.

Dey play!

Thewrath:
so where is the fact to back the claims of the analysis above?

I didn’t want to engage you but I can’t help but notice the way you are abusing the word propaganda..

1)Now according to oil price dot com….crude is currently at $68.2 per barrel,as against what the OP stated.

2)when Crude was at an all time low,did we benefit from low fuel prices? Why not….price dropped to as low as $11 per barrel in 2020 under apc and you claim to be asking questions?

3)tomorrow price of crude will drop or go high based on demand and supply but in Nigeria,has fuel ever gone down?

4)why can’t Nnpcl/fed govt allow forces of demand and supply to determine fuel price? Are you even aware Nnpcl is planning to sell lower than what it is buying from dangote? (Continuation of subsidy)

5)instead of finding answers to the above which you obvious don’t have,you prefer to abuse the word “propaganda”.

flokii:
Crude oil as the feedstock will yield plenty refined petroleum products after refining operations.
You can't equate crude oil with petrol when there are other products like kerosene, jet fuel, diesel, Lpg etc. Dangote has to sell and make money.

The monopoly they are giving this Dangote man in the Petroleum sector will spell do0m for this country. The useless NNPCL that don't know State owned refineries are the real deal should continue.

JagabanB:

U are trying to deflect from what we are saying.
First and foremost, why making a political outlook of the analysis the OP made?
The data to back up what I said is exactly what u just did.
U made a wild claim about how the foreign reserves was depleted to favor Dangote, how much was it depleted, u have the records and data?
U being unable to provide it is the data to back up what I have been saying.
U can't attack politicians with propaganda.

richmond500:
A barrel of crude is sold at $72, if we convert that to naira, it is N115,200.

A barrel contains 159 litres of crude.
If we divide 115,200 by 159 litres, that will be N729 per litre of crude.
After refining, A barrel of crude will produce about 170litres of all refined products.
Dangote sells his products at N766 X 170litres, this will be 130k per barrel and he makes only 15k gain from one barrel of crude.
in summary DRL buys at 729 per litre and sells at 766 per litre

The refinery will only be profitable in the long run when the pressure on naira is relieved and the naira gained value.
The good thing is that, we will be able to track the amount of petroleum products that we consume and we will know if we are paying subsidy or not.

Deemas:


Stupid analysis... He makes 15k from petroleum only in a barrel of crude. How about other products in the same barrel of crude such as diesel etc. October is coming.

richiemcgold:
I'll like to ask a layman's question:

.. since we produced the crude oil here? Must we endorse the international oil price when supplying our local refineries?

Can't govt sell to Dangote at cheaper prize and in return sells the refined products at cheap prize?

JagabanB:

U are trying to deflect from what we are saying.
First and foremost, why making a political outlook of the analysis the OP made?
The data to back up what I said is exactly what u just did.
U made a wild claim about how the foreign reserves was depleted to favor Dangote, how much was it depleted, u have the records and data?
U being unable to provide it is the data to back up what I have been saying.
U can't attack politicians with propaganda.

Thewrath:

You didn’t even answer any of my questions which makes my points valid that the govt dishes out figures to deceive the masses..

How many times have they denied not paying subsidy?and why were we paying high for fuel in 2020 when it was at an all time low at $11 per barrel?
Can you also prove otherwise that our reserve was not depleted to meet dangote’s demand for dollars given the nepotistic nature of our leaders?

Oga rest,I can not be deceived!

favor914:
Indeed, why you no go borrow money from bank, or use your own money go build refinery? Or your village for contribute go build one for your locality.

JagabanB:

The probIem with most of u is that u have fixated ur minds on politics so much that u see everything with the eyes of politics.
Someone made an analysis based on what he knows and sees, he could be a neutral neither in support nor against the govt, just a simple analysis and people like u whose Iife is eñsIàved to politics will factor politics into every talk.
U need rehabiIitàtion my friend.

flokii:


It's because of people like you with low IQ that the country is in a sad mess it is in today. Dangote had to employ 98% Indians to install and run his refinery while he reserves job of cleaners, drivers and messangers for your type.
The Dangote you're praising should show us data of his employees, let's see if the Nigerians are up to 10, even if they are, all 10 will be from Kano while the remaining will be Indians.
Continue fo0ling yourself while they keep playing you.