SmartPolician:


Which planet are you from?

He's from oblivion

colossus91:
Nothing beats northern money abeg.....I say this as an igbo man!!

Yeah

uruba23:
Copy Cat DNA always copying Alhaji.Oga Rabiu they are other sectors you can focus on.

You sat down and this was all you could think of posting?

Foolish, hopeless child.

dokyOloye:
Nice.
But d world is gradually moving away from dependence on fossil fuel.

Hello chief, don't let mainstream media confuse you. Walk of you door in Nigeria and tell me if you think fossil fuel will not be useful. What we do is our business. Developed countries built their economies on cheap and versatile fossil fuels.

What is the business of poor developing countries with renewable energy.

Find some time to look at data on fossil fuel usage, and check how much is consumed by Nigeria with a population of 200 million, compared to Canada with a population of 30 million. You will know that we should not be following the band wagon.

michlins:
If you get money, invest in refineries even if na 10 barrels per day something. Once dangote finishes his own, they will ban fuel importation and he alone will corner the market for himself. We will cry monopoly but he will get richer and there's nothing anyone can do about it

You really understand the business

darfay:
Too bad


The hausas have monopolized our oil first dangote and now this? They successful frustrated others out of this. A wealthy urhobo dude wanted to go into a Jv to set up a refinery in Delta state but the Hausa cabals frustrated him and oh the guy is dead now.

That is why each of the six geopolitical zones should go their own way.

The government frustrates any attempt by anyone that is not from their tribe from getting to do certain businesses.

Do you know many Northerners abound in NNPC Customs , Immigration, etc?

uruba23:
Copy Cat DNA always copying Alhaji.Oga Rabiu they are other sectors you can focus on.

oga it is good for everyone. Dangote needs serious competition

AustineJohn908:
this is what Udom is doing in Akwa ibom. wooing investors.
This is why Akwa ibom is better than Rivers...it is Serene, safe, and beautiful. it will attract the very best.
Akwa ibom is the way to go.
Thank you BUA Group'

. Great summision bro

uruba23:
Copy Cat DNA always copying Alhaji.Oga Rabiu they are other sectors you can focus on.

brotherly why not focus on what you can do for you self or community instead of bad mouthing some one......bank account you dont have.

Originalsly:


.... and what is wrong with that? You have a problem with a Nigerian getting richer refining Nigerian oil in Nigeria.... but no problem presently with non Nigerians getting richer refining Nigerian oil? Are you Nigerian?

@ topic.... I'm thinking why we are now moving in to fossil fuel technology when the world is moving away from it. Oil was king in the analog 20th century.... that was the time for us to have our own refinieries. Why now in the digital 21st century when cobalt is king? We should strive to be at the head of the curve... not the tail.

oga read again and understand it. Dangote is investing everything he has in the Nigerian market and tomorrow some people will claim marginalization when they are busy importing everything.

Oil will still power the 21st century and petrol and diesel isn't the only byproduct of crude oil. We import polythene

VULCAN:
It is good to build refineries (although we have arrived very very late to the party) but it is better to build steel Mills.

There is no developed country in the world that imports steel. Steel mills are one of the signs of a strong domestic economy.

When you talk about exporting refined products you are talking of battling an external market which involves other players but when you talk of steel Mills you are talking of what grows an economy from within.

Read to understand and not argue.

How much do we currently spend daily on steel importation compared to Petroleum imports?

What is the present domestic demand for steel in Nigeria considering our present level of industrialization?

Do you understand the concept of comparative advantage in production?

When you have this basic information, we can start from there.

fulanimafia:


There is nothing wrong in copying success.

Between both of them, we would have a refining capacity of over 850,000 barrels per day in a few years (our total domestic demand is just over 400k/day) leaving a whole lot for forex-earning export which will drive a dramatic fall in the Naira exchange rate with positive multiplier effects on the economy.

We need more Abdulsamad's and Aliko's in this country to build more factories and refineries for the economic development of Nigeria through job creation, import substitution, forex generation etc.

With Nigeria's demons, almost nothing serves as a silver bullet. Initially it was subsidy that was holding our progress, now subsidy is no more, yet Government struggles to balance the books. Wait for the refinery yet, Nigeria is not an ideal country.

dalass:


He's enjoying Northern government backing... Many of Southern parts were multimillionaires before Dangote. BUA too is following suit as per their agenda...

South East, South West and South-south billionaires must start building Refineries if they don't want the North to totally dictate and enslave us economically over southern resources

Is Dangote also enjoying govt backing in the several other countries he is doing business and excelling?

You sometimes need to stop following the bandwagon, think for yourself and emancipate yourself from mental slavery.

uruba23:
Copy Cat DNA always copying Alhaji.Oga Rabiu they are other sectors you can focus on.

Dangote will be selling a bag of Cement for #5K if not for copying
.

darfay:



Considering how uselessly useless oil is going especially in the next 30yrs, is such capital intensive project still advisable?

Says who?
Make that 50years even, we'll still need fossil fuels in high demand.

Wiseoldman:


Hello chief, don't let mainstream media confuse you. Walk of you door in Nigeria and tell me if you think fossil fuel will not be useful. What we do is our business. Developed countries built their economies on cheap and versatile fossil fuels.

What is the business of poor developing countries with renewable energy.

Find some time to look at data on fossil fuel usage, and check how much is consumed by Nigeria with a population of 200 million, compared to Canada with a population of 30 million. You will know that we should not be following the band wagon.

Electric cars are being phased out,some countries already have a deadline of 2030 including for heavy duty vehicles.
Electric trains are becoming more popular,most countries now rely on nuclear sources for their electricity,only Africa and few 3rd world countries are left behind.

fulanimafia:


There is nothing wrong in copying success.

Between both of them, we would have a refining capacity of over 850,000 barrels per day in a few years (our total domestic demand is just over 400k/day) leaving a whole lot for forex-earning export which will drive a dramatic fall in the Naira exchange rate with positive multiplier effects on the economy.

We need more Abdulsamad's and Aliko's in this country to build more factories and refineries for the economic development of Nigeria through job creation, import substitution, forex generation etc.

Preach bro. They can not blame BUA for monopoly like they do Dangote, so they look to blame him for "copying".

Yaya kwana biyu...

dokyOloye:
Nice.
But d world is gradually moving away from dependence on fossil fuel.

yes it is still needed to power machines and engines. moreso, before we can totally do away with fuel, the earliest is 20 years from now.

AustineJohn908:
Thank you bro. lata 24seven will start saying nonsense...that the stats are lies. but here see one thing giving credence to it

I don't understand why you have quoted me.

AustineJohn908:
this is what Udom is doing in Akwa ibom. wooing investors.
This is why Akwa ibom is better than Rivers...it is Serene, safe, and beautiful. it will attract the very best.
Akwa ibom is the way to go.
Thank you BUA Group'

Are you aware BUA also has investments in Rivers?

dokyOloye:
Nice. But d world is gradually moving away from dependence on fossil fuel.

There is a difference between the world is moving and Nigeria is moving.

dokyOloye:
Nice.
But d world is gradually moving away from dependence on fossil fuel.

Fossil fuels aren't going anywhere, not even in the next 50 years. Forget those tales you hear!

EazyMoh:


Preach bro. They can not blame BUA for monopoly like they do Dangote, so they look to blame him for "copying".

Yaya kwana biyu...

Ashe kaima ka gane...kwana biyu lafiya na gaishe ka.

It's very hard work to argue with excellence.

darfay:
Too bad


The hausas have monopolized our oil first dangote and now this? They successful frustrated others out of this. A wealthy urhobo dude wanted to go into a Jv to set up a refinery in Delta state but the Hausa cabals frustrated him and oh the guy is dead now.

Victim mentality, jealousy and ethnic hating has already started this early morning. Please provide details of how, who and when the so called Hausa cabal stopped an Urhobo man or anyone else from setting up a refinery. Since 2016, the FG has literally been begging private individuals and enterprises to come take licenses for modular refineries.... It's not enough to just peddle baseless beer parlour gibberish into the public space as if it were fact. Kindly provide the details of this allegation, and do well to provide the name of the so called wealthy Urhobo man whose refinery was stopped by Hausas. Thanks!

CodeTemplar:
Copying entails having similar resource as those being copied.

Nope. You cut the entire costs of R& D out of your development cycle

darfay:



Considering how uselessly useless oil is going especially in the next 30yrs, is such capital intensive project still advisable?

No matter the price of crude, refining profits still remain the same.

Buy crude for $100, refine and sell for $300 = $200 profit.
Buy crude for $10, refine and sell for $210 = $200 profit.

The likes of Dangote and BUA did not get to their current economic level by making poor decisions. You and I aren't wiser/smarter than them.

zz

Yankee101:


Nope. You cut the entire costs of R& D out of your development cycle

How? You must research your own set up because rivals don't share business secret or data, they conceal it to stay ahead and I doubt Dangote will be any different. The fact that one is succeeding or going into it indicates a market is available but does not give people data about how the business is set up.

famouscargo4u:


yes it is still needed to power machines and engines. moreso, before we can totally do away with fuel, the earliest is 20 years from now.

20yrs is not far sir.
And this issue of not planning ahead is part of the problem bedevilling Africa

WHAT WHAT UP WITH EVERY ONE BUILDING REFINERIES DO YO WANT US TO DRINK OIL NI? WHY CANT YOU PEOPLE BUILD POWER STATIONS OR AGRICULTURAL PLANTATIONS? THE WORLD IS MOVING FROM OIL THATS WHEN YOU PEOPLE DECIDE TO JUMP INTO IT LATER THE INTERNATIONAL BODIES WOULD BE THE ONES SLAMMING US WITH FINES FOR BEING MAJOR CONTRIBUTORS TO GLOBAL GREEN HOUSE EMISSIONS

CodeTemplar:
How? You must research your own set up because rivals don't share business secret or data, they conceal it to stay ahead and I doubt Dangote will be any different. The fact that one is succeeding or going into it indicates a market is available but does not give people data about how the business is set up.

I said the fastest way to innovate is to copy. Ask China. You think the US didn't conceal innovation before China stole them?

Read about industrial espionage. You're talking like a child or an uninformed person

Now watch as fight erupts in Akwa Ibom over where to site the refinery, which may lead that man to take it elsewhere