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Nairaland Forum / Nairaland / General / Business / Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year (16205 Views)
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Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by ednut1(m): 8:05am On Jul 07, 2018 |
Dangote no go sell at 147 sha |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by yahmohy27: 8:05am On Jul 07, 2018 |
adecz:And you that care about Nigerians should bring or start producing it for us ,please.Enemy of progress mtsw 1 Like 1 Share |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 8:11am On Jul 07, 2018 |
supereagle:tell me something I don't know. 1 Like |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 8:15am On Jul 07, 2018 |
papoudaupolos:What has God got to do wit it? |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 8:15am On Jul 07, 2018 |
adecz:your thinking faculty seems to be very low. Don't just compare figures but also the value of the money. N1k back then is equal to N4k of today. So think before writing next time. 2 Likes 1 Share |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 8:15am On Jul 07, 2018 |
supereagle:eheh, so is he the only one Idahosa prayed for? besides he is Muslim. 1 Like 2 Shares |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 8:19am On Jul 07, 2018 |
deepwater:Thank U very much for this insight, U know 9ja nah to ask how high wen told to jump, no one cares to ask the real questions. This was what Okda Air was doing buying forex cheap in pretence to buy airline parts but divert them into something else, when the forex route closed, the Airline died. This is true for most politically connected Businesses. I know how this guy supressed people lke MADWELL in Jese town and few more. 2 Likes |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 8:21am On Jul 07, 2018 |
Dangote is really helping this economy, but then he has patent right to most things. Anyway, I really hope he is serious with the fertilizer export, it high time we start exporting reasonable amount of things to reduce the country's balance of payment deficit. 2 Likes |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 8:32am On Jul 07, 2018 |
erico2k2:Let me help him answer it, what composes cost of production is; A)cost of material inputs 2) cost of wages and salaries of labour 4) cost of capital and 3)depreciation of equipments/ machines which can also be added to the cost of productions. 1 Like 1 Share |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by brownlord: 8:41am On Jul 07, 2018 |
deepwater: Apart from the fact that he is owing those contractors and contractors owing sub contractors for over how many months now. Nigeria is a joke 1 Like |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 8:41am On Jul 07, 2018 |
dafuturis:Not like am in support of what he said, just wanted to correct something you said, actually, devaluing our currency does not have any effect on the domestic prices of commodities, it only have an effect on imported goods as a result of our exchange rate which is considerably high due to devaluation, so unless Dangote import inputs he used in production which makes it costly as a result of devaluation, he doesn't have any right to increase the price of commodity cos of devaluation. 1 Like |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by GavelSlam: 8:47am On Jul 07, 2018 |
brownlord: Did they come to you to complain? Have they ever picketed ? Are all the images we see from the construction site Photoshop? Have you any evidence of contractors being owed ? You must be one of those evil village people Nigerians talk about. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by steve6: 8:49am On Jul 07, 2018 |
Nice. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by grandstar(m): 9:05am On Jul 07, 2018 |
iamkeyz: In the Nobel Prize Awards, do you realise that there is a category for Economics? A lot of us think we are economic experts but may know next to nothing about it in reality. Germany exports loads of agricultural equipments and imports lots of food. It all depends on comparative advantage and trade. 3 Likes 1 Share |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Dollywood(m): 9:07am On Jul 07, 2018 |
[quote author=actiondrilling post=69152819] The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the group executive director told Bloomberg. The $10 billion refinery, set to be one of the world’s largest and which can process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar said in the interview, “People still have difficulty believing we can do it on time and within those costs,” Devakumar, 61, said Wednesday. “But we believe we can. It’s something of the size that’s rarely been done before. It’s huge.” Aliko Dangote, worth $12.4 billion according to the Bloomberg Billionaire’s Index, has said the refinery can transform Nigeria by weaning it off fuel imports and generating foreign exchange through exports. Despite being Africa’s biggest crude producer and an OPEC member, the West African nation. Shebi petrol might drop to #50 per litre [quote author=actiondrilling post=69152819] The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the group executive director told Bloomberg. The $10 billion refinery, set to be one of the world’s largest and which can process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar said in the interview, “People still have difficulty believing we can do it on time and within those costs,” Devakumar, 61, said Wednesday. “But we believe we can. It’s something of the size that’s rarely been done before. It’s huge.” Aliko Dangote, worth $12.4 billion according to the Bloomberg Billionaire’s Index, has said the refinery can transform Nigeria by weaning it off fuel imports and generating foreign exchange through exports. Despite being Africa’s biggest crude producer and an OPEC member, the West African nation. Shebi petrol might drop to #50 per litre |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Dollywood(m): 9:07am On Jul 07, 2018 |
actiondrilling: |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 9:53am On Jul 07, 2018 |
Colourich:OK amongst them ones which do you think went up and which went down?? |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by supereagle(m): 9:55am On Jul 07, 2018 |
erico2k2:Benson Idahosa received uncommon favor for him and Benson Idahosa blessed him specifically. It happened at the airport. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by obayendo1010(m): 9:56am On Jul 07, 2018 |
Now i know the problem of Nigeria is completely ignorance and greed if a single man or group can build a refinery that can supply our need and as well supply other countries so what stopping the federal govt for doing so all this while, just 10bn dollars tripple of what Mr Obasanjo use to power the country that we yet to use or are we using it already? Please can someone just give him the contract to supply power to Nigerians and lets enjoy power constantly even if it worth paying more for me it okay and as well our civil service worth privitazing that sector is dead i mean completely dead don't know of other state but my state is nothing to write home about. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by adecz: 9:56am On Jul 07, 2018 |
papoudaupolos: Small me, "envying" a colossus like Dangote? you don take shekpè this early morning, abi?? |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 9:57am On Jul 07, 2018 |
erico2k2:Are you trying to relate it in real life situation? what exactly are you insinuating? |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 9:58am On Jul 07, 2018 |
Colourich:yes real life, cos wages never went up! |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 10:00am On Jul 07, 2018 |
obayendo1010:The Answer is in your post, someone is gaining from us not having our refinery working. I blame the last administration cos they had the mandate and opportunity to put things right. But like always cabal wins! But one day we shall reach a political equilibrium. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 10:06am On Jul 07, 2018 |
grandstar:When it comes to international trade, where do Nigeria have comparative advantage? we seem to import virtually everything which is adversely affecting our BOP, even oil is also imported due to lack of adequate and efficient refineries. Its very sad. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by supereagle(m): 10:06am On Jul 07, 2018 |
erico2k2: God bless you. Before the man came to limelight or made a breakthrough in business. Some two American Ministers were in Nigeria for a Conference with Benson Idahosa, they were to return to their base, but the plane was fully booked, Idahosa went to the plane explained to them the problems that they must get to US within 24 hrs and requested that two people should show him a favor to vacate their seats for the Americans, no one listened to him, eventually DANGOTE and his PA left after DANGOTE talked to him(PA). The Ministers took their positions, Idahosa called him aside and blessed as he has honored him by standing up, "Nations and Men will stand up for him to honor him... " Today the prayer is being fulfilled in his life. Tell me among all the rich men of Nigeria, who has the kind of honor and privilege DANGOTE has? I don't want to mention names. Some rich men have been humiliated in Nigeria here when Govt came after them that they have to run away. But DANGOTE''s carries the anointing and special favor of God. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Nobody: 10:15am On Jul 07, 2018 |
erico2k2:Keeping wage constant, cost of material inputs and cost of capital went up as a result of devaluation of the Nigerian currency, this has an adverse effect on imported goods because we import virtually everything as an import-dependent country, which in turn affect the cost production. This high cost of production is passed on to the final consumer through high price of commodity. Now you see the cycle, finally, its the final consumer that suffers it. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by drestoneokuta(m): 10:24am On Jul 07, 2018 |
@deepwater so you be "brother" . I know you and @castroii were employed as engineers @ dangote refinery about 2 years ago, I was surprised when you didn't take the offer, now I know better. What made 13 engineers resign? What exactly is going on? What advice will you and @castroii give to does as aspiring to work at the dangote refinery as they are still recruiting? Please can I contact you via mail if you don't feel comfortable answering the questions online? Thank you |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 10:42am On Jul 07, 2018 |
Colourich:The major materials in the cement industry is Lime stone, I guess you know this we have in abundance in Nigeria? places like Opila if spelt right. He bought these mines, even the ones he don't use he bought as well so no one else buys them.SO if Lime ston makes up 60% of cement what is the rise in impute of raw materials. Its a genuine question ot slimming a question. NB: Take into account eh rate at which he gets forex from the CBN! 1 Like |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by Sttropez2: 10:44am On Jul 07, 2018 |
Nice job sir, south south think say na only them get oil. Now we go see |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by erico2k2(m): 10:46am On Jul 07, 2018 |
supereagle:Dangote a Muslim now carries the Anointing oil,A person who does not recognise Jesus as the Son of GOD? seriously When I say Nigerians full of Christians are naïve una say nah lie. |
Re: Dangote Refinery Sets 2020 For Petrol, Fertilizer Export Begins This Year by bigpicture001: 10:46am On Jul 07, 2018 |
iamkeyz:....comments on only what u understand, educated adult! |
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