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Nairaland Forum / Nairaland / General / Politics / Dangote Wants Only Refinery License Holders To Import Fuel (28812 Views)
NNPC Grants Dangote License To Import Fuel / Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed / PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel (2) (3) (4)
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Dangote Wants Only Refinery License Holders To Import Fuel by Rugaria: 2:18pm On Feb 28, 2021 |
Dangote wants only refinery licence holders to import fuel Dangote Group has suggested for inclusion in the Petroleum Industry Bill a provision that the licence to import petroleum products should be assigned only to companies with active refining licences.https://punchng.com/dangote-wants-only-refinery-licence-holders-to-import-fuel/ [b][/b] 1 Like 2 Shares
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Re: Dangote Wants Only Refinery License Holders To Import Fuel by Rugaria: 2:20pm On Feb 28, 2021 |
Loading: The Federal Republic of Dangote 180 Likes 9 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by ShobayoEmma(m): 2:25pm On Feb 28, 2021 |
Trying to put up his monopolistic agenda in motion in petrochemical sector too. But note this, before the North will use you to indirectly front their economy diversionary to the North; the South would have by far become a separate country where there will be equity, Justice and peace. 142 Likes 12 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 2:26pm On Feb 28, 2021 |
Rugaria: It's so annoying. And that people don't see the potential danger one few hands managing the economy of multi millions is what's even more worrisome. They will call it hate Why can't we have free commodities and products markets for goodness sakes 69 Likes 2 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Rugaria: 2:36pm On Feb 28, 2021 |
Fixey: It's very obvious, but when you complain about this man's uncanny brand of vicious monopoly/capitalism, folks make it look like you are just hating.. From flour, to grains and cement, he has managed to sponsor presidents who helped him push off his competitors. He will then monopolize the sector, fix prices as he feels and disappear into one of his mansions while ordinary people suffer.. Cement prices in Nigeria are higher than that of other countries where Dangote has cement plants! Yet he has licences for limestone here in Nigeria! The man is a daredevil capitalist who believes strongly in manipulatig the system to squeeze the last breadth out of the poor masses.. To think that he is even being used as the top example of successful entrepreneurs, that the young in this country should look up to is simply mind boggling.. 236 Likes 20 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 2:40pm On Feb 28, 2021 |
Rugaria:. I'm tired of talking about his matter lest it's interpreted as envy. Let's just disintegrate so I can push for open market economy in my region. No one must control more than 25% stake in any industry. 107 Likes 5 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by tamdun: 2:44pm On Feb 28, 2021 |
Mr Dangote, don't push ur luck too far 25 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by GamalNasser: 2:47pm On Feb 28, 2021 |
I thought he was building a refinery to stop importation of fuel so why does he still have his eyes on importation.... These are not business men but criminal racketeers forcing the hand of the market to their advantage 124 Likes 5 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by venger: 2:51pm On Feb 28, 2021 |
Nigeria really need to practice more of capitalism. God bless the northern oligarchs. 1 Like 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:03pm On Feb 28, 2021 |
Most of you complaining, nothing stops you from participating in the economy. If it was an igbo or yoruba man who gave the suggestion, all the thread will be filled with how igbos and yorubas are good entrepreneurs. Anyway, Rather than shouting crony capitalism and monopoly, dust your trousers, sell your properties, then use the money to start a business then grow it, then maybe you will be like dangote one day. Atleast his crony capitalism is helping to reduce unemployment in Nigeria 17 Likes 6 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:11pm On Feb 28, 2021 |
Rugaria: 1.There are over 20 licensees for refineries in Nigeria, out of which 4 are active. What Dangote is suggesting will also include these guys, including his arch rival and enemy BUA... 2.Secondly, you did not read the article... Though the Dangote Refinery will help address this, there could be periods when petroleum products may need to be imported, such as when the refinery is undergoing turnaround maintenance or if demand grows to exceed capacity.” The suggestion is when the said refinery is undergoing TAM....then imported fuel could be used to meet up with demand.. Of course, restriucting import to refinery licencees is bad economics...but it won't just benefit Dangote. 14 Likes 6 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:12pm On Feb 28, 2021 |
GamalNasser: If you actually read the article, the importation would happen when the refinery is undergoing TAM or when demand exceeds supply. Of course, we can have far more refineries if Government allows marketers set the price of petrol. 8 Likes 3 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Enudapan: 3:14pm On Feb 28, 2021 |
Nah eh! No qualms This is so unsophisticated Rugaria: So true bro, I don't like this either Buh nigga hustle so your children will enjoy this Kind Monopoly dangote is enjoying, Hustle well and bomb steadily so your children won't come back to Nairaland and still complain about another man with mulla Monopolizing the country industries too 5 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:14pm On Feb 28, 2021 |
Godarz: Untrue. If during periods of fluctuations is what thief Dangote is worried about, he shouldn't be fighting for restricting licenses of participating operators many that have been there decades before he came into business See. Even the group head/CEO OF BUA petitioned the government against the monopolistic business stance Dangote cement is giving by the government and called for a halt. Example of an effect of his greed. A major equipment in Dangote's cement supply chain got damaged, cement price hiked from 2800 to 4000 Naira. In an open economy, Dangote will make the time to fix his machinery while other produces continue with production Operators with Monopoly can end up causing war unlike free access economy because they would be vying to hold on to interests over social interests and would sponsor societal conflicts and wars. Example the last 2 presidential elections The end result of excessively strong monopoly in businesses would ultimately lead to ownership and control of the people. We have plenty of such cases on the global stage, from the control of vaccines to who is free and who is not, to controlling people's lives and destinies is always the end product and not about business. Business is about fairness and if Dangote is up for business, he should pursue fairness and open market and let Nigeria be. 53 Likes 4 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Alababoys: 3:15pm On Feb 28, 2021 |
My G 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by iamyemiakins(m): 3:15pm On Feb 28, 2021 |
Dangote sef! |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by NwaNimo1(m): 3:15pm On Feb 28, 2021 |
8 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:15pm On Feb 28, 2021 |
Ok |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Rugaria: 3:16pm On Feb 28, 2021 |
Godarz: @ the bolded, Are you not contradicting yourself? 19 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by GOVERNMENT2: 3:17pm On Feb 28, 2021 |
NA THIS MATTER WE JUST DEY SETTLE FOR HERE NOW 9 Likes 1 Share
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Re: Dangote Wants Only Refinery License Holders To Import Fuel by seborrhic: 3:18pm On Feb 28, 2021 |
See the government using monopolistic they are praising as a model, hardworking businessman. I bet Dangote operating in any European country would be a failed businessman. Even an agbero given monopoly to be the only importer or contractor for agbero uniforms and tags in the whole of Nigeria would be a multimillionaire if not billionaire. 34 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by ChimaAdeoye: 3:18pm On Feb 28, 2021 |
DANGOTE is a Typical Fulani man. They are greedy to a fault. They want to totally monopolize Nigeria and exclude everybody else. The worst thing is that they are too shallow in reasoning that such behavior makes people to oppose them more vigorously. Very soon Dangote's refinery will be allowed to use only oil from Chad basin and not oil of the southerners. Lets keep going and see where all these plots by Fulani to emasculate other Nigerians will lead. 28 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Commonguy(m): 3:18pm On Feb 28, 2021 |
monopoly oppression from Dangote is too much 7 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Toosure70: 3:19pm On Feb 28, 2021 |
Remember all is vanity, God will judge everybody accordingly. 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Built2last: 3:20pm On Feb 28, 2021 |
The wonders of the earth is that Southern Nigeria is blessed with brains and oil but ruled by illiterate north. Who said we can't be our own country 18 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by BlessedNuel: 3:21pm On Feb 28, 2021 |
Seen |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by teemy(m): 3:22pm On Feb 28, 2021 |
ChimaAdeoye: His suggestion would actually drive more people to be refinery owners and thus create more competition for him. The only downside would be if the licensing of refineries is then restricted. 8 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by bixton(m): 3:23pm On Feb 28, 2021 |
ShobayoEmma: Do you not know the Southerners are also behind him? There are those who work behind the scenes. |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by moscobabs(m): 3:24pm On Feb 28, 2021 |
if the licensing is not restricted to only Dangote then it's a good idea. We need more private refineries in Nigeria 2 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by ayampissed: 3:25pm On Feb 28, 2021 |
'Shortfall because of turnaround maintenance' But the last time I checked Dangote is not the only one building refinery in Nigeria nah! OR Would all refineries undergo turnaround maintenance at the same time? Ayam not understanding o! 3 Likes |
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