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Nairaland Forum / Nairaland / General / Politics / Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt (5502 Views)
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Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Stillthebest: 4:29pm On Apr 04, 2020 |
iammo: Oil deals doesn't work like this. And Nigeria doesn't operate on a blue sky background. No business man will produce what no one will buy or intend to produce what will have a low patronage. After Corona is gone, we know Ng, no hospitals will buy ventilators again. Even at the height of it, they would find a means why they won't buy. Days ago, one of them said they won't need ventilators to treat patients(not verbatim) And to Dangote fourth generation billionaire, Edsion said, " our greatness today is because we build on the shoulders of others" Dangote on leverage on what the Govt can't do in terms of having a effective refineries. And we all know that, same people use him to front on this deal so they can hijack the deals from the Govt later. Watch as they privatise the sector soon. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by oyatz(m): 5:23pm On Apr 04, 2020 |
Many people don't understand how Oil refineries work. # The oldest functional refinery in the World is in India which does NOT produce crude oil. #There are many Countries (e.g Switzerland) that don't have crude oil but have oil refineries. In reality, these refineries can be compared to Mills where different farmers/traders take their grains to for the grains (e.g wheat, rice, maize) to be granded into fine flours while they pay the owners of the Mills. The Port Harcourt Refinery which was built by Shell in 1965 operated on this model before the FG completely took over the refinery. When the Port Harcourt Refinery was been managed by Shell, they concentrated their energy, resources and time on the refinery operations. Different oil companies (e.g British Petroleum now known as ConOil) bought crude oil in varying qualities which were then pumped to the refinery to refine into Petrol, Kerosene, Diesel oil, Engine oil, Aviation fuel and a host of other products. These down stream petroleum companies through a network of depots and dealers distributed the refined products throughout Nigeria. There was nothing like fuel scarcity or centralized trade unions like NUPENG during this period. These oil companies could share the profits from the sales of the products with the Refinery or they could pay upfront if they had enough money. The Federal Military Government took over the Refinery and lumped several sectors of the oil Business under one centralized Company called NNPC which was managed as a Government Monopoly. This is the genesis of the problems in the Nigerian Oil industry. tiredoflife: |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by shekauvsbuhari: 5:55pm On Apr 04, 2020 |
iammo:your write-up is filled with shit. It has been adressed by the other guy but I want to tell U that dangote grew through patronage, help and waivers from succsesive nigeria govts. A lot of monopolies he enjoyed especially during Obasanjo regime. Other cement manufacturers were suffocated to make way for him. Obasanjo closed Ibeto cement, minaj etc to make way for him. If not for Yaradua that came n lifted de ban Ibeto cement would have died in de wake of de onslaught. He enjoyed franchise on importation of cement, rice, sugar etc. Inshort I wont continue. I see U were writing from a tribal hatred perspective. U just wanted to deride the Igbos. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by johntolu: 11:33pm On Apr 04, 2020 |
LibertyRep: What is good for an 'Aboki' should also be good for an 'Nwafor'. I am sure Innoson Group would have been granted a credit line, by the CBN, to produce the needed ventilators were it to be that the owner is an Hausa-Fulani or probably, a Yoruba entrepreneur. The discrimination is prevalent everywhere in our National life starting with the evil called 'Quota system', where a Nigeria child, from certain parts of the country, suffers discrimination all his life because of the state or region is parents hailed from. Quota system has been used to kill the dreams and aspirations of most Nigerians from the Southern parts of the country and has been used to 'promote' mediocres or below average government officials to position of greatness and authority like Military Generals, Police top brass, Head of government parastatals etc. Some of these misfits later ended up presiding over our destinies as Military Heads of state, Military Governors, Federal and State Commissioners under successive military and civilian governments. The system has been in existence since independence to accelerate growth and development in Northern part of the country and 60 years after its enactment, Northern Nigeria is ahead of most Nations with the highest negative indices in the world. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Oyinlomobambam(m): 11:43pm On Apr 04, 2020 |
You just have to dialog with government not that you'll be using social media stunt..... If Dangote Is doing this way, he won't have been where he was now. Igbo people needs to know politics |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Oyinlomobambam(m): 11:49pm On Apr 04, 2020 |
sammyj: Innoson needs to be friend of the government... |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by dancruz(m): 8:17am On Apr 05, 2020 |
iammo:Don't come on the internet and talk rubbish if you don't know anything. Wait until the refinery starts operating and you will see where supply to the refinery is coming from. Do u know how many gas wells that are going to be channeled from bayelsa alone?? |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Nobody: 8:40am On Apr 05, 2020 |
seunmsg: Produce ventilators in mass without a ready market when even the USA before the pandemic never had more than 5,000 ventilators while Nigeria had less than 100 for decades.. that is the kind of business you tell someone to venture in mass produce without supply assurance?.. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Eteka1(m): 9:00am On Apr 05, 2020 |
Point of correction, a refinery doesn't need to be tied to or own an oil well. Refineries buy crude oil and bring them in in tankers (ships) for refining. Innoson doesn't need to collect money from Government or get an order before he decides to dabble into ventilators. There is a strong demand for ventilators at the moment due to COVID 19 and he can be sure of selling them weather in Nigeria or elsewhere. 1 Like |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by seunmsg(m): 9:25am On Apr 05, 2020 |
Esseite: We have five states in the south east, they can buy up whatever Innoson produces and use them to equip their hospitals. The entire south east is bigger than some countries in terms of landmass and population. They can place the order without the help of FG. At least, if Biafra is already a reality, they won’t be begging FG of Nigeria to come place orders before Innoson can produce. 3 Likes |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by CodeTemplar: 9:49am On Apr 05, 2020 |
Esseite:All your logic here is plain Okoro-logic. Once he makes his ventilators he can always sell it anywhere in the world. If we want to talk about corporate entities capable of making ventilators in Africa or Nigeria, innoson won't even be heard of. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Nobody: 9:49am On Apr 05, 2020 |
seunmsg: You could have just said you have something against the SE rather than discussing business strategies and manufacturing. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Nobody: 9:57am On Apr 05, 2020 |
CodeTemplar: You can help with mentioning one corporate entity making ventilators in Africa and Nigeria.. let's start from that.. The US with over 300m population and in existence for hundreds of centuries had less than 5,000 ventilators, while Nigeria had less than 100.. is that the product you claim Africa makes.. From your comment.. it only shows you are just bias Innoson was first to make such request fro. The FG and nothing more.. I guess if it was china that made such request, wont you applaud it while writing a cheque?.. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by CodeTemplar: 10:00am On Apr 05, 2020 |
Esseite:Corporate entities capable of making ventilators. Stop sampling irrelevant facts while replying to your own imagination. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by seunmsg(m): 10:02am On Apr 05, 2020 |
Esseite: You could have just said you want Innoson to eat FG’s N4b knowing fully well he cannot produce any ventilator in the next 6 months. 2 Likes |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Nobody: 10:22am On Apr 05, 2020 |
seunmsg: Innoson never requested for N4bn instant, innoson was only seeking an MOU with monopoly, moreover contracts can always be amended to suite both parties and payment segmented.. or even the FG can request for ventilator manufacturing bid from all parties to get the best. Rather than see the bigger picture of employment, manufacturing growth etc... you would rather see it from your perspective.. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by Nobody: 10:26am On Apr 05, 2020 |
CodeTemplar: You claimed African companies make ventilators, and I ask you mention just one, yet you are still rambling.. Mention just one.. you can google to make it easier.. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by seunmsg(m): 10:41am On Apr 05, 2020 |
Esseite: I agree that FG and myopic bigots like myself have refused to see the bigger picture. What about the five south east governors? Can’t they see the bigger picture? Why can’t they partner with Innoson? 1 Like |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by fireback: 11:10am On Apr 05, 2020 |
when you hear the word dangote, you think they're talking about one man. the word dangote simply means "the Nigeria government". 1 Like |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by masseratti: 11:14am On Apr 05, 2020 |
ODB2:oga don't twist history on it'd head Dantata is hausa not fulani, he himself was captured as a slave at a point. |
Re: Innoson: Dangote Cannot Build Refinery Without Assurance Of Oil Well From Govt by CodeTemplar: 11:16am On Apr 05, 2020 |
Esseite:Why not just sample where I made the claim instead of spamming the thread senselessly? Either you refused to re-read my comment to ascertain what I wrote or you too embarrassed to admit your error or you just being plain arrogant and mischievous, you are not worth all this. |
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