tito44:
When this country divides, the refinery and Dangote's own will be nationalised

LikeAking:


Dont allow evil Naija govt deceive you na.

The Chinese govt which is currently the best govt in the world is still investing in biz.

No let irresponsible govt decive you with such statements.

One of the reason why Naija is dying, is becos the govt no longer invest in business.

.

LikeAking:


oIL IS not going anywhere, no doubt.

But the price will surly plummet in the future.

because cars/vehicler consumption are the major drivers of the product.

Once the whites create their anti crude polices ti will surly tank.

Trump played an important role keeping the price afloat, because he refused to be part of the green watever.

But Dinosaur Biden is in surport of anti crude oil plicies.

djon78:



And how many have become billionaires in Nigeria with the exception of few.
And all those few have one government patronage Or The other

See doing business in Nigerian environment without government patronage is an uphill task
If you don't have government backup you are on your own

lilvicky68:
Dangote and Bua will end up finishing Nigerians with high price of petroleum products with their refineries.. Nigeria self nawa oh

Gerrard59:


Yes, the price will plummet but the koko is that Nigeria needs more fossils than renewables if she is to become industrialised. There's no developed country where renewables provide 50% of her energy. None.

Gerrard59:


Consecutive Nigerian govts have proved their incompetence in running businesses, so why allow them to run more businesses? Adapalm in Imo has been ruined because consecutive govts have paid lipped attention to it. However, Presco and Okomu have been successful over the years. You mentioned China that has a one party system, but in Nigeria, a different party might win the next election and decide to cancel such projects. What do you suggest? Should the government continue to run NITEL? NEPA? Nigerian Airways?

Gerrard59:


Bua is constructing her refinery in the bold.

Gerrard59:


I understand the aspect of crony capitalism. However, for Nigeria to have more billionaires, GDP growth has to be at least 10% for 10 years. Nigeria has not experienced GDP growth of 3% in the past six years. There's no way billionaires can sprout from such an environment.

https://www.nairaland.com/6390993/dont-relocate-billionaire-nigeria-fantasy

juniorstar:
e be like say dangote and bua are both in a rat race. anything D does B follows like hepatitis B and D

Solatium:



Why should we keep importing if those refineries can fulfill our local consumption?
it is the appropriate thing to do.

BastardWike:
[s]All these quota system billionaires lacks creativity and foresight. You didn't build refineries in the 1970's, 80's, 90's or even early 2000's but now that fuel cars are being phased out and renewable energy is gaining massive boost globally, that is when the craze for refinery got into their head!

You're talking about AFcta but you forgot that heavily subsidized refineries built all over the middle East, Asia and developed world will equally channel their excess capacity to Africa. How can they compete?

Why can't they spend these monies in building power plants considering that Nigeria has a massive deficit in it?

Quarter system billionaires indeed![/s]

erico2k2:

check the way the said policy impacted us on cement. It only works if govt control prices

Gerrard59:


Africa is the ONLY undeveloped continent where the basics of life are yet to be seen and made available to everyone. To become a billionaire in Africa is by solving the problems of the continent which are not tech powered but basics things like food, clothing, schooling, electricity, cheap cars etc. Europe and America have solved their basic necessities so therefore, one shouldn't expect to be billionaire just by going into refining. You people like to Americanise your problems.

djon78:



In business its called benchmark;
Whatever your competitor does or any moves they make you copy and follow suit.

And BUA advantage is that two of them are from the same region and has the financial resources and government patronage to match Dangote deal for deal

Which is still better than an individual monopolising everything.
Southern business men should follow suit although they can't match the government patronage these two enjoys

Parachoko:
Other billionaires should invest in building power plants then. If you have the money, you can invest in building power plants too.

No just dey complain everytime.

Solatium:




In capitalism govt can't control Price's,it will amount to high handedness the only way is to license more players which i believe there are licences hold before Buhari came, unfortunately most of those licences were not put to use because they were getting subsidies from PMS importation.

More players will bring about competition and price stability, besides those refineries are not targeting local consumption,they are in for the bigger pie,they will capture Africa market and give South American refineries a good fight

erico2k2:

you missed the point was talking cement

Solatium:




You only cited cement as a reference,the base of argument was solely on commodity trading

Gerrard59:


Oga,

Oil is here to stay. China and India construct three coal plants monthly and still purchase large quantities of crude oil to supply their power plants. Africa is yet to be developed and will seek to use the cheapest forms of energies which are fossils. In fact, apart from transportation, it's hard to replace oil across other areas. Which renewable will replace plastics! Fertilisers? Detergents? Chemicals?

Oil is not going anywhere.

lilvicky68:
Dangote and Bua will end up finishing Nigerians with high price of petroleum products with their refineries.. Nigeria self nawa oh

BastardWike:
All these quota system billionaires lacks creativity and foresight. You didn't build refineries in the 1970's, 80's, 90's or even early 2000's but now that fuel cars are being phased out and renewable energy is gaining massive boost globally, that is when the craze for refinery got into their head!

You're talking about AFcta but you forgot that heavily subsidized refineries built all over the middle East, Asia and developed world will equally channel their excess capacity to Africa. How can they compete?howany electric cars do you have?
60% of america still runs on coal
You nigerians can never be satisfied

Why can't they spend these monies in building power plants considering that Nigeria has a massive deficit in it?

Quarter system billionaires indeed!

EmeraldKing7:
When the demand for fossil fuels is about to nose dive?
Clean and renewable energy is the future

The world is driving towards electric cars and vehicle with zero carbon emission

tito44:
When this country divides, the refinery and Dangote's own will be nationalised

erico2k2:

it was cement I dnt think I started the argument with u.

Solatium:




[s]Was the topic centered on Cement?
it was all about refineries building, PMS importation and how some of you think those billionaires are not far sighted before you cited cement as example and suggested price fixing.

The problem with you most times is that you are not stable,you flip flop each time people came up with divergent view and you can never get better in terms of [/s]reasoning and logic

erico2k2:

your Father is Unstable

winterfell007:


You lie!! China and India don't construct coal fired power plants monthly. In fact, they're phasing out their coal plants minimally. Both countries have committed to Paris Accord. Their financial institutions don't commit to projects that contribute significantly to carbon footprints