fulanimafia:


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.

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.

Yankee101:


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

Hunchogee:

Really, so you are an Akwa-Ibomite?
Wonders they say......

fulanimafia:


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.

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.

dalass:


You're the one in mental slavery.... With the kind of money your billionaires control, why is the north still poverty stricken, disease ridden and the most backwards region in the country... Insecurity abounds because most of your youths are poor and unemployable with no skills.

Many are in the south who travelled just to come and beg here... How many southerners are in the north begging? so you're the ones who need emancipation from mental slavery

This northern government must stop arm twisting southerners only to favour Northerners.... Dangote made his billions in dollars from Nigeria and many times when he started viz, he was given sole license to import some commodities while frustrating others from same biz to give him an edge over them.

Even the northern borders are wide open. But southwest borders are still close just to make sure we don't buy cheap food from neighboring countries and we're forced to buy stony rubbish and expensive foodstuffs from the north, just because they can't survive without the southern money as usual. Bunch of perpetual parasites

fulanimafia:


Typical unintelligent bigot regurgitating baseless stale narratives without answering the question.

Spare us your negative energy and answer the simple question: Which favoritism did Dangote enjoy in other countries where he is excelling in business?

If you're asked now to mention a single policy that favoured Northern businessmen you will start on another illogical trajectory of oafish, bigoted utterances with Zero relevance to the discourse.

I don't have time for your pedestrian tripe if you lack an intelligent answer to the emboldened question.

dalass:


Swerve because I am talking about Nigeria. I don't give a fvck about any other country.... This skewed contraption Nigeria must break if things continue this way.

Is it in other countries that we have only northern Muslims in all security arms of the government? The judiciary and every important federal ministry/ parastatal?

Just stay in your north and develop whatever resources you have there. Stop using FG to defraud south of oil wells and other important strengths we have.. We absolutely don't need you people. Nigeria must break, period!

fulanimafia:


I knew you wouldn't fail to expose the sheer vacuum you carry upstairs.

I drew that analogy to highlight the logical handicap and total irrationality of your ignorant claims. Who brought about disparity in govt appointments in this discourse or are you suffering from attention deficit disorder?

If you claim Dangote's business excellence and domination is due to favoritism and nepotism, PLEASE explain to us how come he is also excelling in other African countries...or you can tell us how their government also favours him above their citizens.

Spare me your frustrations with Nigeria as I'm not in the least interested in your political woes, try to think straight on course, and answer intelligently this time.

dalass:


I did not read what you wrote as I don't plan to answer any of your stupid questions. If you know so much, go and do something about the problems in your region that makes Nigeria to be called poor

obailala:
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!

obailala:
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!

VULCAN:
It is your type whose thinking is controlled by what authorities say.

Nothing new or original. Always parroting what you were told.

If you read to understand like you want others to do you would have seen where i said building refineries is a good thing.

But like Buhari anything that doesn't immediately praise sing you is an attack.

I laugh at your ignorant statement with our present level of industrialisation when the basis of industrialisation is the ability to produce metal. Or did you skip that class in school? Without steel, there is no industrialisation at all.

The industrial age which was well over two hundred years ago was not characterised by the refining of crude but by developments in the production of Iron on a massive scale.

Like most Nigerian technocrats you seek to copy and paste without a deep understanding of the environment you are pasting to.

Perhaps you think that the concrete we produce and use to build in Nigeria is the best we can do. Concrete without steel. Something that is 2000 year old technology. Shame!

A country that failed to develop steel industries but is thirsting after private refineries. Sad

FYI. The wonder that is Dubai could not have existed without steel, yet they were refining before importing steel from Kuwait and then building their own.

Perhaps if you were there you would have told them to keep depending on imported steel since the refinery was all they needed to Prosper.

Why did they build massive steel mills when they wanted to industralise?

You're the type that failed at arithmetic but wants to argue with people about calculus.

First Things First

COMPARATIVE ADVANTAGE

Comparative advantage occurs when one country can produce a good or service at a lower opportunity cost than another. This means a country can produce a good relatively cheaper than other countries

The theory of comparative advantage states that if countries specialise in producing goods where they have a lower opportunity cost – then there will be an increase in economic welfare. Source: https://www.economicshelp.org/blog/glossary/comparative-advantage

24SEVEN:


Are you aware BUA also has investments in Rivers?

24SEVEN:


I don't understand why you have quoted me.

AustineJohn908:
Yes, I'm aware but are you also aware Rivers is declining and investments that are coming to the Niger Delta are going straight to Akwa ibom?
For eg, we attracted the largest FDI in 2019 just behind Lagos ..we are no 1 in the whole of the Niger delta

24SEVEN:


Mtcheeew

darfay:



I owe u nothing


Fork off

obailala:

Lol... After feeding your mind fat with beer parlour hearsay garbage, and coming to public to regurgitate the empty nonsense you swallowed, I obviously wasn't expecting you to be able to give a reasonable response to my question. You didn't surprise me!

darfay:



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

dokyOloye:

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.

FriendNG:


https://www.premiumtimesng.com/business/business-news/411959-bua-group-to-build-200000bpd-refinery-and-petrochemical-plant.html

RTSC:
He is investing close to the source of raw material- Akwaibom.

And with the onne seaport now functioning, he is going to incur significantly less costs than dangote.

He has everything that dangote has at significantly less costs and logistics.

AustineJohn908:
Yes, I'm aware but are you also aware Rivers is declining and investments that are coming to the Niger Delta are going straight to Akwa ibom?
For eg, we attracted the largest FDI in 2019 just behind Lagos ..we are no 1 in the whole of the Niger delta