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Nairaland Forum / Nairaland / General / Politics / Dangote Refinery Will Sell Petrol At International Price, Says FG (2499 Views)
Fuel Scarcity Bites Harder In Sokoto, Black Marketers Sell Petrol ₦2,000/Litre / Kaduna Residents Groan As Black Marketers Sell Petrol At ₦1,000/Litre / Why We Can’t Sell Petrol At 125/litre – Marketers (2) (3) (4)
Dangote Refinery Will Sell Petrol At International Price, Says FG by Maxymilliano(m): 1:57pm On Sep 14, 2020 |
Dangote refinery will sell petrol at international price, says FG Published September 14, 2020 Eniola Akinkuotu, Abuja
https://punchng.com/dangote-refinery-will-sell-petrol-at-international-price-says-fg/?utm_medium=Social&utm_source=Facebook#Echobox=1600081840 |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Kriss216: 1:58pm On Sep 14, 2020 |
Madam Zainab, concentrate more on NNPC and other Nigerian dead refineries. Stop famzing Dangote refinery. Shame no dey catch you ![]() 9 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by GudluckIBB(m): 2:00pm On Sep 14, 2020 |
So Nigerian Government was actually waiting for Dangote Refinery to Start production.Very Soon Dangote will start lending Money to Nigeria. Sad Indeed! 7 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by FemolasticA: 2:00pm On Sep 14, 2020 |
They should be ashamed of themselves "FG" 4 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by SmartProf(m): 2:01pm On Sep 14, 2020 |
Govt has continually empowered him to enjoy some sorts of Monopoly in business for many years, and despite the concessions, rather than appeal to him to consider providing his services at a discount rate, you make bold statements on his behalf on how he will sell at an intl price. Just tell us u have a part sharing deal in place of what he will deposit in all your accounts from the intl benchmark selling price you will enable him sell by force. Rubbish. 13 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by NextGovernor(m): 2:01pm On Sep 14, 2020 |
So Fed Govt is now relying on Dangote refinery. What a mess 3 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by OreMI22: 2:05pm On Sep 14, 2020 |
Maxymilliano: When it comes to Fulani owned businesses, they allow price gouging and maximum exploitation of Nigerians. If this was owned by another Nigerian, the same FG will insist that it will not sell above NNPC pump price. That is the Fulani nepotistic Nigeria we have found ourselves in today. 11 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Brandstudio01: 2:06pm On Sep 14, 2020 |
And no one is asking what is the international price 2 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by prince2pac(m): 2:06pm On Sep 14, 2020 |
![]() Shame on Buhari Shame on FG 2 Likes
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Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by BIGGESThead6: 2:08pm On Sep 14, 2020 |
I no even understand weting this minister Dey talk. 1 Like
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Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by muykem: 2:08pm On Sep 14, 2020 |
Why government can't sell those four nonfunctional refineries and invest the proceeds on increase capacity for fuel reserve. |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Maxymilliano(m): 2:10pm On Sep 14, 2020 |
And the suffering continues. A refinery that is not yet operational, the government is already helping the owner to the determine the direction of his price. Isn't this wonderful ? 5 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Great100000: 2:16pm On Sep 14, 2020 |
Ok
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Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Nobody: 2:19pm On Sep 14, 2020 |
FemolasticA: Unfortunately, shame no dey dia Dictionary |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by IamWonderful: 2:20pm On Sep 14, 2020 |
Politicians, how does FG and Dangote meet? no wonder our refineries refused to work, just to inflict injuries on Nigerians |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by knowledgeable: 2:30pm On Sep 14, 2020 |
OreMI22: ...And the Yorubas will defend this fulani heartless expliotation to death, because of their hatred to other Southerners and Igbos in particular,... they have been harmered into the matrix where they can only defend the evil that flows out from the Fulanis and nothing else... 3 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by onlyson16(m): 2:39pm On Sep 14, 2020 |
Maxymilliano:guy believe me, there ar many secret behind that refinary. dangote is not the real owner of that refinary. 1 Like |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by richiemcgold: 2:39pm On Sep 14, 2020 |
were they expecting Dangote to sell at local price before? |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by lograr(m): 2:49pm On Sep 14, 2020 |
Is it an international crude oil? ![]() 2 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by History555: 3:08pm On Sep 14, 2020 |
Of course dangote must sells at international price. Afterall it is from multinational oil coy he will get the crude for. However the important thing is who determines how many barrels he gets, what of the other bye products of crude oil, will govt continuously devalue exchange rate which makes fuel expensive, will he be allowed to repatriate profits in dollars. because honesty speaking i don't see any benefit to Nigeria from dangote refinery. All i see is dangote getting richer. It will not stop repatriation of profits in dollars because dangote must pay oil coys in dollars, expatriates in dollars and also hedge his income in dollars 4 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by slyopez(m): 3:08pm On Sep 14, 2020 |
Useless Government, they are now Dangote’s mouthpiece. Dangote is just a front for money laundering. 2 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by NwaNimo1(m): 3:15pm On Sep 14, 2020 |
State Capture!! Nigerians please shine your eyes! The northerners are slowly but surely enslaving the south! I guarantee the prices in the north wont be the same as in the south! 2 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Kccheechy(m): 3:17pm On Sep 14, 2020 |
Can Nigeria get any better?? So federal government is waiting for dangote's refinery!! What a shame. 1 Like |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by NGpatriot: 3:23pm On Sep 14, 2020 |
SmartProf: Leaders of tomorrow thinking like leaders of yesterday. Investors are in business to make money, compensate their shareholders, create jobs, expand government's tax base and grow economy, they are not in business to offer discounts to do father christmas and operate little or no profits. Investors are not trooping into Nigeria to build refineries that they know we urgently need for decades because of detrimental government price control and interference, it's always been a turn off, a turn off that we can not sustain if we must grow and develop as a Nation. We can not keep crying, moaning and blaming the FG for lack of jobs and the poor state of things in the country while still advocating detrimental policies that's crippling our job growth, investments, progress and development. Nigerians love awoof and they are always trying to have it both ways. You can not keep admiring and comparing Nigeria with advance countries while at the same time refusing to practice what they practice in the same advanced countries. They are where they are today because they make sacrifices. The price of petrol or gas in the US and other advanced countries is regulated by the markets, not by the government. When the price of crude oil shots up, petrol pump price shots up, when it drops, petrol cost drops without any government involvement. The FG can not keep subsidizing what should be determined by market forces especially now that we don't have that kind of money and on top of that, investors won't invest their money in environments where governments controls everything, this is also the reason why the Nigerian power sector is rubbish. Investors refused to invest in our power sector because of government subsidies and interference which prevents realistic business judgements and creates flawed ROI. Nigerians must wake up and smell the coffee, the FG must remove the feeding bottles and smililac in our mouths and position Nigeria for realistic and sustain growth, we must stop expecting awoof from the government and start paying the real cost of goods and services if we truly want real growth, jobs, money and a good economy. Btw, just because Dangote is a Nigerian doesn't mean he's father christmas, investors, banks and other people put money in his business, Dangote is a Publicly listed company that must answer to investors aka shareholders who are my parents, you and your parents, your neighbors and millions of hardworking Nigerians. They did not buy shares and invest in Dangote for their money to be awoof money, they need returns on their investments to buy food, pay rent, send their kids to school and for a better quality of life. Nigerians need to get real and start reasoning above conspiracy theories and petting anti government sentiments. We can not have it both ways. 2 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by kenzysmith: 3:25pm On Sep 14, 2020 |
on a serious note if I want to be the richest man in Africa I s being d President of Nigeria borrow 20trilllion dollars from 30 country combine then am too on the chat if Nigeria like make them pay the debt no be my business. owner feel say dabgote get money reach tinubu amd obj think twice
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Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by NGpatriot: 3:28pm On Sep 14, 2020 |
NwaNimo1: A Northerner invested $15 billion in the south to create wealth, hundreds of thousands of jobs and new business here in the south for southerners including you and many people from wherever you are from in the south, but you still think the North is enslaving you? You people just can not make sense to save your lives. 2 Likes |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Rugaria: 3:30pm On Sep 14, 2020 |
SmartProf: Lots of People don't know that starting from inception, the federal government has been providing him with some much needed funds through the centeral bank for that refinery project, just as they have reduced taxes on his cement firms because according to them, he helps with "road constructions"! Nobody even investigates the amount of solid minerals he lifts at will n places like kogi while maintaining a very excruciating monopolistic price regime on cement with his brother at BUA. . Now, after all those federal government help, they want to fool the people by using a non existent global price index to tighten their chokehold on ordinary Nigerians through exhorbitant fuel pump price. Dangote is a big problem to Nigeria and Nigerians. 2 Likes 1 Share |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Guyman02: 3:31pm On Sep 14, 2020 |
Another hope of buying cheap fuel dashed by our darling daddy
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Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Ibrahimmrfish(m): 3:31pm On Sep 14, 2020 |
If people expect him to sale below market price,then government most also sale to him below international price. |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by mandarin: 3:48pm On Sep 14, 2020 |
NGpatriot: You did not get it right sir/ma. There is no competition here, so where will your market forces come in? Two thing must be clear; 1. In building the refinery, did Dangote enjoy any subsidy on the dollar rate? How did he source for dollars? If so, then he must pay back with interest because he benefited unhealthily. 2. You don't earn your income in dollar do you? if you earn naira like millions of Nigerians, then don't you think it is a good thing that to move from point A to point B tomorrow cannot be determined by any so called market forces in Nigeria? Hey, it will depend of the commodity market in the international market which is beyond your consumer behavior or whatever demand and supply you may wish to reference. It will be the third force and the major force. I once said that you cannot dollarise your economy and expect growth, taken that government will stop spending dollar on fuel imports but what about graft? when govt becomes rich at the expense of the populace you can't achieve growth through diversification. At any given time over half of the country will be running on dollarised fuel for a country on the wheel? Common, its just sickening. 1 Like |
Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by Abasman008(m): 3:50pm On Sep 14, 2020 |
Nepotism and Monopoly loading... Nigeria is a scam and mistake that must be corrected before it's too late.... Are you a NigerDeltan? JoinTheMovement
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Re: Dangote Refinery Will Sell Petrol At International Price, Says FG by NGpatriot: 3:52pm On Sep 14, 2020 |
Ibrahimmrfish: Oil is an internationally traded commodity so he can not buy below international price so he must sell at international price to remain in business. Besides, the government can not do much because he's operating from a free trade zone. 1 Like |
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