Richtaiwo:
Personally, I support this continued importation by NNPC. Dangote's body language appears to me like an unrepentant capitalist alway in a hurry to exploit every opportunity.

I lost hope in the expected succour from his refinery the day he started comparing prices of fuel in Saudi Arabia with Nigeria. Infact, I started losing trust in him when he made an outburst that he paid $100m for the land.

All these his remarks are pointers he is in business and nobody should expect manners from his refinery. Yes, he paid for the land and fuel prices in Saudi Arabia costs fortunes, but are they necessary remarks from him?

I'm beginning to nurse this feeling he is involved in all these so called uncertainties in the price of fuel. He should gerrout.

Before you condemned Dangote Refinery, consider the fact that every importation is based on USD invariably affecting our exchange rate.
Secondly, why NNPC not working hard to make our refinery works despite all the billions pumped into it, and lastly are we not supposed to cater for our local economy.
Isn't it obvious that the cheap fuel that was imported was our stolen oil or oil bunkered out of the country.
Oil importation is not a long time strategy to beat Dangote monopoly

fineboynl:
How are we even sure dangote is refining a drop of PMS? For someone who took license to import PMS. I don’t see why PMS from hos refinery should be way higher than imported once.

This shows that your understanding on this issue is shallow.
Dangote is using Plait international pricing mechanism while NNPCL is mixing things in Malta. What is the basis for comparing price. Dangote can never beat your Science student NNPCL in pricing. You've been buying adulterated fuel all this while.

I'd urge dangote to leave these thieves to continue to milk Nigerian masses who gullibly voted them in power. They deserve what they're getting. Dangote should consider exporting his products to other countries who are interested, hoping they'd not kill him with export duties.

Now I'm vindicated. The reason NNPCL stood as an intermediary was to block the masses from knowing the exact amount the petrol that was being imported and their subsidy scam. How can you be importing petrol when there's a glut in the Dangote refineries? This is a major reason no investors will ever come here. If they could be frustrating our own like this, then it's not safe to invest in Nigeria where an individual's interest supercedes that of a nation.

How can you own an oil company that imports petrol and still be minister of petroleum and the president of a nation same time? Sadly other tribes won't say tinubu is greedy and a bad leader, they'd definitely generalise it on all yorubas and that's my concern. He gives no hoots.

Richtaiwo:
Personally, I support this continued importation by NNPC. Dangote's body language appears to me like an unrepentant capitalist alway in a hurry to exploit every opportunity.

I lost hope in the expected succour from his refinery the day he started comparing prices of fuel in Saudi Arabia with Nigeria. Infact, I started losing trust in him when he made an outburst that he paid $100m for the land.

All these his remarks are pointers he is in business and nobody should expect manners from his refinery. Yes, he paid for the land and fuel prices in Saudi Arabia costs fortunes, but are they necessary remarks from him?

I'm beginning to nurse this feeling he is involved in all these so called uncertainties in the price of fuel. He should gerrout.

I support u with all my heart and all my big prick,
dangote is a thief and I pray the whole refinery burns down to ashes

blackboy:
NNPC is part of Nigeria's problem and I think Tinubu is encouraging them

oga , dangote is a thief, if his fuel was cheap, will any body think of importation?

yarimo:
It's business anyone that can import should do so , isn't that simple? If dangote products is more cheaper nobody will import anything

Lol. Not when they are reaping massive subsidy funds into their pockets

yarimo:
It's business anyone that can import should do so , isn't that simple? If dangote products is more cheaper nobody will import anything

Nigerian crude is premium crude, a little more expensive. I believe the importers make more money by buying cheaper products from abroad.
Export premium, more expensive crude and import lesser quality products. It's business but there's a cost to it.
This same principle contributed to the exit of pharmaceutical companies out of Nigeria.

OYEDIPE:

This shows that your understanding on this issue is shallow.
Dangote is using Plait international pricing mechanism while NNPCL is mixing things in Malta. What is the basis for comparing price. Dangote can never beat your Science student NNPCL in pricing. You've been buying adulterated fuel all this while.

can you also say the same for foreign rice? If not for custom restrictions locally produced rice is way higher than import rice with dollars.. you shallow mind

yarimo:
It's business anyone that can import should do so , isn't that simple? If dangote products is more cheaper nobody will import anything

Dangote products cant be cheaper, as long as his crude supply is naija oil, they know he is box to the corner cos his refinery was designed to refine best quality of crude not blend like those in malta

2ndly Dangote refinery is designed to primarily serve Nigeria market, those insisting on importation have plans to bring in blended quality and they know Nigerians dont value quality .. cheap price is the watchword

Nigerians want cheap fuel fromdangote But is Nnpc selling crude to dangote at subsidized or cheap rate

Eriokanmi:
I'd urge dangote to leave these thieves to continue to milk Nigerian masses who gullibly voted them in power. They deserve what they're getting. Dangote should consider exporting his products to other countries who are interested, hoping they'd not kill him with export duties.

Now I'm vindicated. The reason NNPCL stood as an intermediary was to block the masses from knowing the exact amount the petrol that was being imported and their subsidy scam. How can you be importing petrol when there's a glut in the Dangote refineries? This is a major reason no investors will ever come here. If they could be frustrating our own like this, then it's not safe to invest in Nigeria where an individual's interest supercedes that of a nation.

How can you own an oil company that imports petrol and still be minister of petroleum and the president of a nation same time? Sadly other tribes won't say tinubu is greedy and a bad leader, they'd definitely generalise it on all yorubas and that's my concern. He gives no hoots.

This is not a platform for political cheap points. We are discussing pure economy here.

WorkTheTalk:


NNPC is in charge of selling Nigerian crude oil. The price that Dangote buys crude oil from NNPC determines the price of the finished products for consumers.

This is the same NNPC that owns 7.5% shares of Dangote refinery. This is the same NNPC that owns 3 refineries in Nigeria, but non is functioning despite receiving billions of dollars for mentenance. Also, despite the fact that Dangote refinery has enough products for consumers at the price that is determined by how much it buys the crude oil from NNPC, NNPC is still bent on importing.

Of course, importing petroleum products in the past 3 decades by NNPC has being the major means of looting the treasury.

When will the citizens of this country revolt to chase away these cabals who have stolen our common wealth for so long, or at least stop supporting them? Is it until when the oil wells all dry up, and the looters stay super rich, while the common man keeps eating from the trash can?

You can imagine! And inspite of everything you pointed out, clowns like the guy you quoted are still defending the marketers. What exactly is wrong with Nigerians? If IPMAN is crying about monopoly, with the havoc they have wrecked on Nigeria, should they not have a refinery by now? Dangote's competitors are other private refineries on Nigeria not marketers, anybody can be a marketer with the right connections!

chidiokay:


Dangote products cant be cheaper, as long as his crude supply is naija oil, they know he is box to the corner cos his refinery was designed to refine best quality of crude not blend like those in malta

2ndly Dangote refinery is designed to primarily serve Nigeria market, those insisting on importation have plans to bring in blended quality and they know Nigerians dont value quality .. cheap price is the watchword

Nigerians want cheap fuel fromdangote But is Nnpc selling crude to dangote at subsidized or cheap rate

Gbam !!!

This guys are obviously idiots ...The House Of Assembly should call them to order. How can you claim to want to invest $3billion in a project and you can't support it, the four refinery you claim to be building we have not see it's break light ...very stupid idiots.. by the time you know it you have spend $10billion importing what you have. $10billion that can be used to reduce servicing of debts ...Very wicked M F**kers..

TEYA:

You can imagine! And inspite of everything you pointed out, clowns like the guy you quoted are still defending the marketers. What exactly is wrong with Nigerians? If IPMAN is crying about monopoly, with the havoc they have wrecked on Nigeria, should they not have a refinery by now? Dangote's competitors are other private refineries on Nigeria not marketers, anybody can be a marketer with the right connections!

Imagine IPMAN, with the havoc wrecked during petrol import subsidy, having the audacity to say Dangote is playing Monopolist. People that are supposed to be in Jail on a good day.

Richtaiwo:
Personally, I support this continued importation by NNPC. Dangote's body language appears to me like an unrepentant capitalist alway in a hurry to exploit every opportunity.

I lost hope in the expected succour from his refinery the day he started comparing prices of fuel in Saudi Arabia with Nigeria. Infact, I started losing trust in him when he made an outburst that he paid $100m for the land.

All these his remarks are pointers he is in business and nobody should expect manners from his refinery. Yes, he paid for the land and fuel prices in Saudi Arabia costs fortunes, but are they necessary remarks from him?

I'm beginning to nurse this feeling he is involved in all these so called uncertainties in the price of fuel. He should gerrout.

So, how much is dangote selling to marketers and how much is the nnpc and co selling? If you do know, pls tell us and then we'd agree with you on your claim about dangote. It's matter of time, the secrets behind all the dangote's frustrations would be known. It won't be hidden forever. I wish the masses had protested against the NNPCL's decision to market dangote's petrol in August and stopped them,after dangote had said he'd sell direct to the public in August and cheaper, which was stalled by the nnpc. Maybe by now, you'd have been stoning those you're supporting with your full chest on the subsidy scam.

Have you forgotten same people lied to you that the port harcourt refineries would soon commence petrol refining 3 consecutive times? At a time, they said they had commenced petrol refining technically, before they now came back to tell you same lies that the TAM( turn around maintenance) had failed. You always swallowed everything they say hook line and sinker. Set yourself free nah. You guys should be tired of being lied to by now.

chidiokay:


Dangote products cant be cheaper, as long as his crude supply is naija oil, they know he is box to the corner cos his refinery was designed to refine best quality of crude not blend like those in malta

2ndly Dangote refinery is designed to primarily serve Nigeria market, those insisting on importation have plans to bring in blended quality and they know Nigerians dont value quality .. cheap price is the watchword

Nigerians want cheap fuel fromdangote But is Nnpc selling crude to dangote at subsidized or cheap rate

Asides importing cheap substandard petrol, the main kill for nnpc rogues and IPMAN rogues is that they want to be the ones telling Nigerians the volume of products imported/consumed. They want to sneak subsidy back!

WorkTheTalk:


NNPC is in charge of selling Nigerian crude oil. The price that Dangote buys crude oil from NNPC determines the price of the finished products for consumers.

This is the same NNPC that owns 7.5% shares of Dangote refinery. This is the same NNPC that owns 3 refineries in Nigeria, but non is functioning despite receiving billions of dollars for mentenance. Also, despite the fact that Dangote refinery has enough products for consumers at the price that is determined by how much it buys the crude oil from NNPC, NNPC is still bent on importing.

Of course, importing petroleum products in the past 3 decades by NNPC has being the major means of looting the treasury.

When will the citizens of this country revolt to chase away these cabals who have stolen our common wealth for so long, or at least stop supporting them? Is it until when the oil wells all dry up, and the looters stay super rich, while the common man keeps eating from the trash can?

1000likes for this comment.

Nigerians don't know what they really want. They keep supporting those looting the Treasury and they want the country to be better. Hypocrites.

NNPC IS A BIG OPEN FRAUD

Guestlander:


Nigerian crude is premium crude, a little more expensive. I believe the importers make more money by buying cheaper products from abroad.
Export premium, more expensive crude and import lesser quality products. It's business but there's a cost to it.
This same principle contributed to the exit of pharmaceutical companies out of Nigeria.

You are right sir, this is another great angle to it. We drill one of the most expensive class of crude. And this is Dangote's feedstock.

OYEDIPE:

This is not a platform for political cheap points. We are discussing pure economy here.

What exactly do you know about economics? Did they curse your country with importing from outsiders? For how long will these wicked marketers steal from you before your eyes will open? Can you not see from these opposition against Dangote refinery why the NNPC refineries never worked?

We can say we want cheaper fuel ignoring Dangote's refinery, ignoring the value chain employement and engagement it brings, the quality of fuel refined, the effect of fx supply as the refinery is expected to stop importations which will reduce the pressure on fx.

TEYA:

What exactly do you know about economics? Did they curse your country with importing from outsiders? For how long will these wicked marketers steal from you before your eyes will open? Can you not see from these opposition against Dangote refinery why the NNPC refineries never worked?

You just sounded right. Your first comment did not do justice to the subject matter.

dalass:
NNPC IS A BIG OPEN FRAUD

Its like a SHELL company right within the four walls of the country. You don't know what is going on there.

All this blackmailing and counter blackmailing has not reduced fuel price
So why the noise

OYEDIPE:
We can say we want cheaper fuel ignoring Dangote's refinery, ignoring the value chain employement and engagement it brings, the quality of fuel refined, the effect of fx supply as the refinery is expected to stop importations which will reduce the pressure on fx.

Has the operation of dangote refinery strengthened the naira?

OYEDIPE:


You are right sir, this is another great angle to it. We drill one of the most expensive class of crude. And this is Dangote's feedstock.

No it is not per se

baralatie:
All this blackmailing and counter blackmailing has not reduced fuel price
So why the noise

You will make bigger noise when you multiply $25 billion dollar by 1,700.

TEYA:

Asides importing cheap substandard petrol, the main kill for nnpc rogues and IPMAN rogues is that they want to be the ones telling Nigerians the volume of products imported/consumed. They want to sneak subsidy back!

How will that happen

baralatie:

Has the operation of dangote refinery strengthened the naira?

Tell your FG to let it be.

OYEDIPE:


Let the Nigerian govt focus on making PH refinery work to beat Dangote's competition.

Forget that PH or whatever refinery. That thing is CORRUPTION MACHINE. Pa OBJ already told us the BITTER TRUTH..Those THIEVES won't allow it to work.SELL it to Private peepz and see magic

OYEDIPE:

You will make bigger noise when you multiply $25 billion dollar by 1,700.

Again has the operation of dangote refinery strengthened the naira!
Or let me rephrase how much volume of dollars has dangote refinery been able to supply the forex market

Eriokanmi:
So, how much is dangote selling to marketers and how much is the nnpc and co selling? If you do know, pls tell us and then we'd agree with you on your claim about dangote. It's matter of time, the secrets behind all the dangote's frustrations would be known. It won't be hidden forever. I wish the masses had protested against the NNPCL's decision to market dangote's petrol in August and stopped them,after dangote had said he'd sell direct to the public in August and cheaper, which was stalled by the nnpc. Maybe by now, you'd have been stoning those you're supporting with your full chest on the subsidy scam.

Have you forgotten same people lied to you that the port harcourt refineries would soon commence petrol refining 3 consecutive times? At a time, they said they had commenced petrol refining technically, before they now came back to tell you same lies that the TAM( turn around maintenance) had failed. You always swallowed everything they say hook line and sinker. Set yourself free nah. You guys should be tired of being lied to by now.

Nigerians will never cease to confound me! Who would believe that there will be Nigerians today defending these rogue marketers and NNPC? NNPC is completely uninterested in its own refineries working and IPMAN, their closest partners in crime are complaining about monopoly! They should tell their accomplice - NNPC to meet Dangote and beg him to teach them how to build and run a refinery, a skill which from all indications they lack.