9jakohai:


1.GSM was deregulated from the word go....no price controls, nothing....and we went from N7000 Sim to N500 sim...because the GSM companies were allowed to make their profits freely....which freed them to pour in more money freely....

2.Subsidy itself costs a lot of money tpo sustain.

3.Oil subsidy is not sustainable....it does not let marketers and oil companies make enough profit to break even. That is why many workers in fuel stations across Nigeria get poor salaries.,....and why we don't have more investment in things like refineries as well....and why saboteurs divert fuel to other countries...which can be sold for a profit.

See the pictogram below...made when pms was at N87....and you will get it better.

Bede2u:
This topic should be screen grabbed. We shall use it to bury APC and Buhar in 2019 when that start complaining that low oil prices made them not to perform. They claim oil sold above $100 during GEJ regime, but they never say for how long it remained at that

GavelSlam:


Government did not support Dangote before he put his money where his mouth is.

After aqcuisition of land, collaboration with banks and producers, only then government can assist, by providing tax and tarrif breaks in addition to discounts on forex.

Until these parameters are met government would only withold the limited funds crying for various alternative uses.

macaphan007:
Do you have an idea of how long it takes to get a license for a refinery and also a license to build a refinery? why should a special forex window be opened for one individual when you have about 13 other individuals or firms that have met the required parameters to build and operate a refinery in Nigeria,I don't have any issue with Dangote,but an Economy cannot grow when one person is encouraged to monopolise most sectors,Govt has always assisted Dangote that is a fact,if more people are given the same assistance I believe the country will do better than just it celebrating mediocre.

GavelSlam:


In this case, he is undertaking a project national economic importance.

The project if completed would absorb and prevent the shock and hardship we witnessed this Yuletide season.

Talking about the other firms, have they complained to you about not being able to access rebates?

For you to enjoy such facilities there are milestones to surpass. Not just getting licences then sit on your bum.

Lastly, Dangote much as I hate to admit it, runs a conglomerate of businesses that employ across the entire continent. Hardly mediocre if you asked me.

macaphan007:
its obvious you still don't know the inner workings of what it takes to set up of a refinery in Nigeria,licenses were given to about 18 firms in 2002 then after 13 of the met the required parameters which includes a feasibility report and EIA report to mention a few these 13 firms were given the license to build the remaining 5 were denied because they weren't to meet the criteria, now Dangote got his license during GEJ's era and the Govt supported just the same way Govt supported him during Obj's tenure it was only during Yar'adua's that he wasn't allowed access to the presidency,Dangote won't survive the Nigerian business climate if he wasn't treated with preference,my argument is give the same opportunities to other firms just the way its been given to Dangote and allow others flourish, a country cannot grow economically when there's no level playing ground for competitors,we celebrate mediocre in this country a lot that's why we are where we are today,why would the CBN create a special forex window for one man?is he the only business man in the country?I don't have any issues with him but I feel the country can do better than just allowing one man monopolise the economy,even Dangote refinery when complete will do more of export than settle local consumption that's what people don't know.

henrysam:
That is more money on ECA to lavish on Boko Haram

GavelSlam:


But petrolex also are undertaking refinery construction.

Dangote is not the only player embarking on a refinery project at the moment.

In addition, it is Dangote group not Dangote individual.

Did you sight any document about Dangote' s refinery being for export or are you pulling stuff out of your bum?

macaphan007:
Petrolex refinery is of what capacity? out of 13 and I don't have to answer your question about Dangote focusing more on export cause its obvious you are oblivious of what it takes to set up a refinery,when I asked you about the procedure you couldn't answer,instead just like a typical Nigeria resorted to throwing tantrums.
I speak because I know what is involved cause am fortunate to be with the system, I don't need to convince you on anything.
whether it is Dangote group or Dangote as an Individual the fact remains that he is been favoured more than others.
Erisco left Nigeria when the govt couldn't provide special forex window for his tomatoe paste producing plant,What about the likes of Ibeto and BUA these are also tested business men with success in their fields.
The problem with people like you is that because you think you are educated it means you're enlightened, but the two are different.
Getting a refinery License in Nigeria alone requires a lot of money and serious lobbying, getting an approval for you to get a license to build requires you spending a lot of money on feasibility reports and Environmental Impact Assessment report all these things will cost millions.
I want to be as civil as possible on this platform that's why I rarely comment cos most people just like to shadow box.