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Nairaland Forum / Nairaland / General / Politics / FG To Sell Oil In Naira To Dangote Refinery (35791 Views)
Aliko Dangote Offers To Sell Oil Refinery To FG-Owned NNPC / NNPC To Supply 300,000 Barrels Of Crude To Dangote Refinery / FG Grants N16 Trillion Waiver To Dangote, Honeywell, 44 Others (2) (3) (4)
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FG To Sell Oil In Naira To Dangote Refinery by iwaeda: 11:28pm On Feb 27, 2021 |
THE Federal Government has concluded plans to sell crude oil to the $15 billion Dangote Refinery in Naira. https://www.vanguardngr.com/2021/02/updated-fg-to-sell-oil-in-naira-to-15bn-dangote-refinery/amp/ 24 Likes 5 Shares
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Re: FG To Sell Oil In Naira To Dangote Refinery by Emary(f): 11:31pm On Feb 27, 2021 |
So the plan is to sell this man our crude at cheap rates, only for him to resell the refined products to us at even higher rates than importers currently do? Real monopoly. Well, at least after this, we should hear no more about subsidy. https://www.proshareng.com/news/Oil%20&%20Gas/FG--Dangote-Refinery-Will-Sell-Petrol-at-International-Price/53251 140 Likes 8 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by QuotaSystem: 11:37pm On Feb 27, 2021 |
Dangote's refinery will definitely be a game changer for the Nigerian economy. What a genius strategy. Imagine a scenario where other African countries would be looking for Nigerian Naira in order to purchase Nigerian Petroleum Products. It would increase the organic demand for our currency thereby boosting its value significantly. Emary: This does not make sense. There is no way Dangote's petrol would be more expensive because not only has the issue of landing cost been eliminated since we're no longer importing, but the market has also been deregulated (which is why we suffer price hikes whenever price of crude or USD rises). You're right about elimination of subsidy which will save us significant amounts of money, but even greater benefits would come from saving millions of USD daily that would have been wasted to import refined petrol (a whopping 41% of our forex saved); further boosting our foreign reserves and the value of the Naira. The multiplier benefits from job creation and development of allied industries to support the refinery and petrochemical plant are better imagined. Finally, the disgraceful economic anomaly wherein the 6th largest oil producer in the world is one of the biggest importers of petrol from less endowed countries, and continuously suffers whenever crude prices rise instead of enjoying the largesse like fellow oil producers, will finally come to an end thanks to Dangote's refinery. I wish him the best and I'm excited for Nigeria. 216 Likes 14 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by udoka2013: 11:38pm On Feb 27, 2021 |
We are watching. Dangote this, Dangote that. I am beginning to understand that, there are some hiden facts concerning this company. Because of this company the border was opened recently. The fuel price was increased because of their refinery. Cement was meant to favour them over their competitors. Foreign exchange favours them. Now again, central bank governor visits them with a gigantic grant. And many more. Other companies should enjoy the same favour as Dangote. That is my stand. 88 Likes 9 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by chrisxxx(m): 11:44pm On Feb 27, 2021 |
This country is truly mortgaged to Dangote. Nigeria needs to carry out her foreign obligation. 43 Likes 4 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by chatinent: 12:41am On Feb 28, 2021 |
Emary: The plan is to sell to themselves at cheap rates so they can resell to us, and export at a good rate. The name Dangote is a haven for all political fraud. They make up Dangote. Dangote is just a name. 189 Likes 14 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by Nobody: 12:55am On Feb 28, 2021 |
chrisxxx:Shaaarraaappppp ! 15 Likes 2 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by slawormiir: 6:13am On Feb 28, 2021 |
Damnnn niggarrrr Isoright...... Lets see how it goes 1 Like 1 Share |
Re: FG To Sell Oil In Naira To Dangote Refinery by rawtouch: 6:13am On Feb 28, 2021 |
we will hold you to your words |
Re: FG To Sell Oil In Naira To Dangote Refinery by Scrupulous419(m): 6:14am On Feb 28, 2021 |
1 Like 1 Share
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Re: FG To Sell Oil In Naira To Dangote Refinery by Bayaar02(m): 6:14am On Feb 28, 2021 |
Ok |
Re: FG To Sell Oil In Naira To Dangote Refinery by GboyegaD(m): 6:14am On Feb 28, 2021 |
Hmmm....when will they start selling gas to the Gencos and Discos in Naira? 60 Likes 3 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by SouthSouth1914: 6:15am On Feb 28, 2021 |
The north has really islamize Nigeria. Every well meaning Nigerians should come out and fight this injustice! A group of unscrupulous elements should not monopolize our lives!! 17 Likes 3 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by Igboarecriminal(f): 6:15am On Feb 28, 2021 |
Fantastic news indeed. There will be no need for forex conversion any longer. Now he can export to other African countries and bring in the forex. That is in addition to the savings to be made from discontinuance of fuel importation. Fuel import was the number 1 forex guzzler. Watch how IPOB terrorist and some brown roof republic will Insult Dangote because he is muslim from North. They will tell us how lamidi cownu loaned money to Dangote's ancestors. 28 Likes 7 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by Monogamy: 6:15am On Feb 28, 2021 |
Nice one.. According to him, this is expected to help Nigeria save about 41% of its foreign exchange that is being expended on the importation of refined petroleum products. 2 Likes 2 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by BigSarah(f): 6:16am On Feb 28, 2021 |
Why is this government making it seem like Dangote is a saviour or something, all I know is they're aligning to stick it up the rectum of the already worn out economy. 10 Likes 1 Share |
Re: FG To Sell Oil In Naira To Dangote Refinery by Kirkman: 6:17am On Feb 28, 2021 |
GboyegaD:Very good and valid question 8 Likes 1 Share |
Re: FG To Sell Oil In Naira To Dangote Refinery by Inspiration007: 6:17am On Feb 28, 2021 |
They should just sell Nigeria in Naira to Dangote, and share the money to everyone 8 Likes 2 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by sltn(m): 6:19am On Feb 28, 2021 |
None of my f.u.c.king biz |
Re: FG To Sell Oil In Naira To Dangote Refinery by olatade(m): 6:19am On Feb 28, 2021 |
we need many more dangotes in this country 14 Likes 2 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by wolement: 6:19am On Feb 28, 2021 |
At a time when the world is abandoning oil for cleaner energy. What a great move 9 Likes 1 Share |
Re: FG To Sell Oil In Naira To Dangote Refinery by etrouble: 6:20am On Feb 28, 2021 |
SouthSouth1914: Only a mentally unstable person will bring religion into this. The silent war is between Hausa/Fulanis and Southern Nigeria. Religion does not come in at all. Meanwhile there is no single human being that think that there is God in the whole Northern Nigeria. Any man who thinks and/or knows that there is God will never behave the way Hausa/Fulanis behave in Nigeria, so the desert warriors are not Muslims. Or has anyone seen Yoruba Muslims kidnapping children at schools, killing people in the their farms and throwing bombs into mosques and churches? Only Ishaq Akintola is capable of doing that in the Yoruba trube 18 Likes 2 Shares |
Re: FG To Sell Oil In Naira To Dangote Refinery by Badgers14: 6:21am On Feb 28, 2021 |
Always bending the rules to make one of their own richer smh.. Please don't quote me, I am not feeling fine 2 Likes 1 Share
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Re: FG To Sell Oil In Naira To Dangote Refinery by alexola20(m): 6:21am On Feb 28, 2021 |
. 28 Likes 1 Share |
Re: FG To Sell Oil In Naira To Dangote Refinery by smatt1711: 6:21am On Feb 28, 2021 |
One good thing about this country is that the mishaps happening doesn't only affect the wailers, the HAILERS are so dumb that they can't even cry out. 15 Likes 1 Share |
Re: FG To Sell Oil In Naira To Dangote Refinery by Siberia01(m): 6:21am On Feb 28, 2021 |
Mr. monopoly on the beats again
infact every Nigerian girl should be married off to dangote |
Re: FG To Sell Oil In Naira To Dangote Refinery by sheDD(m): 6:22am On Feb 28, 2021 |
This country is just giving this man every utensil to get richer by d days... And you tell me if I'm given this broad preferential and other closed-door brown envelope given to him by FG I wouldn't be richer than him 10 Likes |
Re: FG To Sell Oil In Naira To Dangote Refinery by Ghostmode2two(m): 6:22am On Feb 28, 2021 |
You people should not be deceived because even the fuel we import from abroad is being refined in refineries owned by Nigerians. Check my signature please 6 Likes |
Re: FG To Sell Oil In Naira To Dangote Refinery by tspun(m): 6:22am On Feb 28, 2021 |
Okay |
Re: FG To Sell Oil In Naira To Dangote Refinery by ivolt: 6:22am On Feb 28, 2021 |
GboyegaD:Gencos don't need gas. Discos can't even pay for all the electricity being generated leaving the government with huge debt to compensate for excess Gencos. 6 Likes |
Re: FG To Sell Oil In Naira To Dangote Refinery by MEGA4BILLION(m): 6:22am On Feb 28, 2021 |
Will the cabal holding this country to ransom allow the refinery to run? Because we know a working refinery will curtail their stealing. 2 Likes |
Re: FG To Sell Oil In Naira To Dangote Refinery by alexola20(m): 6:23am On Feb 28, 2021 |
. 1 Like |
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