ufotunang:
That is why restructuring is the answer to this country...if each states build their own refinery it will be cheaper and easier to build because you are building a smaller refinery that will serve that particular state.with a few population....but when you are building a refinery for a whole country like nigeria with a population of more than 200 million nigerians ..it will cost a lot of money take a lot of time to build because you have to build a very large gigantic refinery to serve the whole country nigeria... that is why dangote refinery is taking more longer to build ... now it's up to 10 years this refinery this refinery was started to build till now it's still not yet completed

fineboynl:
The thing will not work even in 2030.

This is something the next president will sing about until the administration will over like this.

American cooperation can buy it and make it work within 9 months but only if Nigeria will allow them sell for specific amount per litter.
Go sell your papa properties(if he has any) to Anerican corporation

This is Nigeria.

juniorstar:

Don't believe this white guy they know they will loose alot by us bringing an end to importation of refined products. And dangotes wealth is going to rise astronomically towards 80 to 100billion dollars and could even take a shot at being among the 10 richest men in the world..they want to create a FUD just like what happened to luna..do kwon greed and a fud killed that coin

PENNYSWAP:
Let Nigerian government go and buy another percentage of dangote refinery

They will carry money meant for poor masses and pump into a private entity refinery while the state owned refinery is laying dead

aminulive:
POLITICSNIGERIA.COM


https://politicsnigeria.com/just-in-dangote-unable-to-complete-refinery-by-2023-over-cash-constraints/

descarado:
Matters arising.
Remove Nigerian politicians dangote cement not to talk of refinery would have ceased to exist.


Somewhere in igboland one gentleman is quietly building refinery and you won't hear pim.
No govt presence. The refinery will start work and we will still be here hyping dangote with his fleet of thieves.

Tuah.

He should go and learn 101 of business management, growth and sustainability from experts.

HazardAwka:
A refinery should be owned by the federal government not individual

einsteine:
Summary:

Dangote has liquidity issues and there are cost overruns

Fitch is also concerned with the key man risk. What happens if Dangote dies suddenly? The organization is not properly structured to function without the key man "Mr Aliko"

Puskas:
Emefiele will come to his rescue as usual. Emefiele is a certified fool

HazardAwka:
A refinery should be owned by the federal government not individual

Raph82:
That's a big problem, he should look deeply into that aspect of his conglomerate, if Dangote Group is well structured, his enterprise will run in his absence effectively. if Bill Gates should pass on today (God forbid), he already has a good structure on ground that will keep Microsoft running. Apple Inc is running effectively till today because Steve Jobs ensured he built a solid organizational structure before his demise. In fact by now, Dangote has no business sitting atop Dangote Group's board. Bill Gates was the chairman of Microsoft's board for a year, he resigned and left the job for capable hands. What Dangote needs is to build a strong, committed and loyal team into a solid organizational structure.

Faiththatworks:
The topic already tells you where the story will end.
I didn't even read more than the first paragraph before I knew the author of the article wanted Alh Dangote to sell part of his conglomerate.
Dangote is about to cripple a lot of business for the Europeans and their lackeys so I expect them to fight back bitterly.
The part of poor corporate structure of Dangote holdings is very laughable, at least Dangote even has a structure,I'm sure Elon Musk doesn't have any semblance of corporate structure with the way he runs his business.
People especially foreigners are not happy with Dangote total domination of the cement factory in Nigeria and some parts of Africa,now he will have the same total domination over oil and gas, especially in Sub-saharan African, that's a threat to a lot of global financial institution.
And finally his CEO made another statement that sent gitters down the spine of many parasitic companies and countries fleecing Africa,Dangote is moving into the steel sector, I expect the fight back to get more dangerous and bitter in the coming months.
God bless Alh Dangote
God bless Nigeria.

juniorstar:

Don't believe this white guy they know they will loose alot by us bringing an end to importation of refined products. And dangotes wealth is going to rise astronomically towards 80 to 100billion dollars and could even take a shot at being among the 10 richest men in the world..they want to create a FUD just like what happened to luna..do kwon greed and a fud killed that coin

ufotunang:
What about the 1.5 billion dollars the Buhari and federal government allocated to the port Harcourt refinery in 2019 in order to repair, upgrade, rehabilitate the refinery.to make it to start working....we have not heard about it anymore again...

Reinaldo:
Osinbajo is the best candidate to move Nigeria forward as a country.

Federalis:
Dangote still dey find money true true? So Burna boy was right about this?

ogene70:
If you understand the economic impacts of that refinery to Nigeria and west Africa at large , you will be tempted to assume some powerful figures from the west are lobbying Dangote not to complete the refinery.

ufotunang:
What about the 1.5 billion dollars the Buhari and federal government allocated to the port Harcourt refinery in 2019 in order to repair, upgrade, rehabilitate the refinery.to make it to start working....we have not heard about it anymore again...

Cognitivereason:


And who are you to say that his company doesn't have a good structure..

SweetVibe:
Yar'Adua had a reason he revoke the sale of one of our refinary to Dangote returned it back to the government.
He knew something we don't know

Faiththatworks:
The topic already tells you where the story will end.
I didn't even read more than the first paragraph before I knew the author of the article wanted Alh Dangote to sell part of his conglomerate.
Dangote is about to cripple a lot of business for the Europeans and their lackeys so I expect them to fight back bitterly.
The part of poor corporate structure of Dangote holdings is very laughable, at least Dangote even has a structure,I'm sure Elon Musk doesn't have any semblance of corporate structure with the way he runs his business.
People especially foreigners are not happy with Dangote total domination of the cement factory in Nigeria and some parts of Africa,now he will have the same total domination over oil and gas, especially in Sub-saharan African, that's a threat to a lot of global financial institution.
And finally his CEO made another statement that sent gitters down the spine of many parasitic companies and countries fleecing Africa,Dangote is moving into the steel sector, I expect the fight back to get more dangerous and bitter in the coming months.
God bless Alh Dangote
God bless Nigeria.

aminulive:
POLITICSNIGERIA.COM


https://politicsnigeria.com/just-in-dangote-unable-to-complete-refinery-by-2023-over-cash-constraints/

Weezy463:

that was what u said in 2015

DeLaRue:
The report looks unprofessional. Some of the details appear unnecessary and too personal. Reads like a personal attack.

It is common for such complex construction projects to experience cost overrun and delays.

1. HSE rail project UK - going to cost over $130 billion, nearly 3 times the original estimate. UK govt is now reducing the distance of the rail in order to bring down the overall cost. And that's a government funded project.

2. Berlin's BER airport GERMANY - Was due to open in 2012. Just before its opening, inspectors found nearly 120,000 defects. It took another 10 years to correct the errors. It finally opened last year, nearly 10 years later. And Germans are supposed to be excellent engineers. Building an airport is not even half as complex as building what Dangote, a private individual, is trying to build in Lagos.

Dangote's project is monumental. He deserves recognition and indeed support for his courage in taking on this project.