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Dangote Refinery: Govt Sponsored Monopoly In The Making - Politics - Nairaland

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Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 7:37pm On Dec 31, 2017
Ever wondered why all the major multi-national oil companies, who have been operating for decades in the oil sector have never for once considered setting up refineries in Nigeria but one staple food distributor is?

The big oil companies have avoided the downstream sector because there exist no rule book or legal framework deregulating the sector. The now watered down and over delayed PIB is also not helping matters as it doesn't provide enough legal backing to would be investors in the down stream sector.

However, Aliyu Dangote - a master of lobbying for govt patronage, subsidy and monopoly is going ahead with his refinery because he has the assurance of future Govt protection in solidifying his monopoly of the downstream sector.

How will he achieve this?

Well he already has since he had free land donated to his refinery by the Lagos state govt, and will also enjoy years of tax breaks from both the FG and Lagos FIRS.

Dangote was also able to secure forex subsidy in importing parts for his refinery and will be guaranteed crude sales from the state owned NNPC at a parallel rate that will be lower than what oil will be trading internationally.

The successful and high profitability of Dangote's refinery when it finally comes into operation, will also see Dangote building and commisioning another refinery within 5yrs his Lagos refinery kicks off.

As Dangote continues to enjoy preferential treatment and smile to the billionaire club, note that it will come at a heavy cost to opening the door for other would be investors leading to the erosion of potential jobs, lowered tax returns to the govt and the Dangotization of our Aso Rock through his bribery lobby.

So keep clapping for Dangote as he goes in dry and hard on your ass

9 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by GavelSlam: 7:47pm On Dec 31, 2017
Who stopped you from embarking on a similar project?
Should a project of significant national importance be overlooked?

Are you happy with the way respective governments and civil service have managed our refineries?


What do you suggest?


In the US the government bailed out automakers when the recession kicked in because they were of significant national importance.

Are other refinery projects not at various stages of establishment?

Have the other refinery projects complained about being unable to access dollars at a rebate?

36 Likes 4 Shares

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 7:56pm On Dec 31, 2017
GavelSlam:
Who stopped you from embarking on a similar project?
Should a project of significant national importance be overlooked?

Are you happy with the way respective governments and civil service have managed our refineries?


What do you suggest?


In the US the government bailed out automakers when the recession kicked in because they were of significant national importance.

Are other refinery projects not at various stages of establishment?

Have the other refinery projects complained about being unable to access dollars at a rebate?

The only reason Dangote is going all hard on this project is because he is assured of govt subsidies and protection.

There is no viable legal framework de-regulating the down stream sector and that is why you will never see any other investor who doesn't enjoy similar govt protection like Dangote.

The man has a way of manipulating our lax laws and corrupt bureaucrats to his bennefit.

Consider for a one moment that Dangote has never built a single factory in his entire life. Obajana cement plant was an FG company which he successfully bought, same with his cement plant in Benue and his sugar mill ( formerly Savannah sugars in Adamawa) from the same Federal Govt.

You should also be aware of his rice and sugar monopoly exploits under Obasanjo which led to the deportation of the Vaswanni brothers.

10 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 8:01pm On Dec 31, 2017
Fuel wud be sold at wat ever dangotes cost of production is plus 30%. My guess 350

7 Likes 2 Shares

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by GavelSlam: 8:05pm On Dec 31, 2017
ImadeUReadThis:


The only reason Dangote is going all hard on this project is because he is assured of govt subsidies and protection.

There is no viable legal framework de-regulating the down stream sector and that is why you will never see any other investor who doesn't enjoy similar govt protection like Dangote.

The man has a way of manipulating our lax laws and corrupt bureaucrats to his bennefit.

Consider for a one moment that Dangote has never built a single factory in his entire life. Obajana cement plant was an FG company which he successfully bought, same with his cement plant in Benue and his sugar mill ( formerly Savannah sugars in Adamawa) from the same Federal Govt.

You should also be aware of his rice and sugar monopoly exploits under Obasanjo which led to the deportation of the Vaswanni brothers.


So we are to hold grudges against him because our inherent nature as Nigerians is to loot and steal when in public office such that our government-owned refineries cannot function at any capacity no matter who is brought in to manage them.

There have been many rent-seeking business men over the years.

Some have become billionaires within the space of 2 years without owning a factory or even an abode that could be pointed to as the place of business.

Regardless of how you see it, Dangote is risking his money on a venture that could easily go tits-up.

As you've said, we have no stringent legislation which also implies, such legislation if created/adopted tomorrow, could work very much against him.

He's risking top dollar in the face of a future filled with electric cars and possibility of a rail network.

I can't begrudge a man for filling a chasm that had been crying out for a filler.

29 Likes 5 Shares

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Saaruman(m): 8:10pm On Dec 31, 2017
You dey mind the zoo? Zoorians are in for a new form of bondage - MONOPOLY.
Govt backed monopoly for "Special private businesses" was the reason why dangote group became what it is today. Assuming Innoson motors was own by dangote group, I assure you that vegetable govt will implement the complete BAN importation of vehicles into Zoogeria under the guise of supporting local manufacturers. But because a southerner is the owner, they don't mind if the zoo is flooded with substandard vehicles. Innoson is not part of the "Special Business" that deserve govt support. In fact, they are currently cooking for ways to run Innoson motors down. Talk about supporting local manufacturers. This is how hypocritical zoo govt has been over the years.


Have it the back of your mind that dangote is just a front man. The real owners of dangote are conglomerates of northern elites. They are using govt to give undue advantage to dangote at the expense of other manufacturers - case in point: ZOO GOVT VS IBETO CEMENT.

8 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 8:11pm On Dec 31, 2017
Examining how Dangote monopoly hurts you...

For much of the 90's and up to the early 2000's, the Vaswani brothers were the dominant rice importers into Nigeria.

Dangote and Folawiyo at that time where limited to importing sugar and salt which made them billionaires.

Not contended with that, the duo of Folawiyo and Dangote wanted a piece of the rice imports (Nigeria's major staple grain).

The duo were able to lobby OBJ to increase rice tarrifs so that they could compete with the Vaswani brothers who I must add here where sourcing rice from Indian silos at less than $10 per 50kg landing cost which amounted to about 800 naira a bag at the ports and after clearing sold for just over 2,000 naira a bag.

The reason Dangote pushed for higher tarrif in imported rice was because he could not compete with the Vaswani brothers as he was importing most of his rice from Sri-lanka and Bangledesh at a higher price.

The tarrif was meant to be paid only by the Vaswanni brothers and not Dangote and Folawiyo who knew how to circumvent paying duties at the ports. The new tarrif saw a bag of rice rise to meet Dangote's import price and to make a nice profit to about 5,000 naira a bag.

But the Vaswanni brothers still made larger profit margins and to totally ease them out, the duo of Dangote and Folawiyo sent their customs and govt hirelings on the brothers accusing them of tax evasion which the latter pair where heavily involved in.

This was enough reason for Obasanjo to deport the Vaswanni brothers, thus paving way for Dangote and Folawiyo's monopoly in rice imports.

The fallout is that we now have to pay higher cost for a product that isn't even worth crap.

Dangote will later secure Indian connections to access 30yr old not fit to eat rice.

The rest is history.

5 Likes 2 Shares

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 8:15pm On Dec 31, 2017
GavelSlam:


So we are to hold grudges against him because our inherent nature as Nigerians is to loot and steal when in public office such that our government-owned refineries cannot function at any capacity no matter who is brought in to manage it.

There have been many rent-seeking business men over the years.

Some have become billionaires within the space of 2 years without owning a factory or even an abode that could be pointed to as the place of business.

Regardless of how you see it, Dangote is risking his money on a venture that could easily go tits-up.

As you've said, we have no stringent legislation which also implies, such legislation if created/adopted tomorrow, could work very much against him.

He's risking top dollar in the face of a future filled with electric cars and possibility of a rail network.

I can't begrudge a man for filling a chasm that had been crying out for a filler.


I do not hold any grudge on Dangote as I see him maximizing his connections to make a buck.

But know that people like Dangote will exist because we dont have a leveled playing field that encourages competition which will see to lower prices.

Read the piece I wrote above on the Vaswanni brothers and how Dangote was able to chase them out of Nigeria and what the fallout was.

11 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 8:19pm On Dec 31, 2017
yeyerolling:
Fuel wud be sold at wat ever dangotes cost of production is plus 30%. My guess 350

And he will be sourcing crude from the NNPC at a much cheaper price than the prevailing international trading price.

4 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by hardywaltz(m): 8:20pm On Dec 31, 2017
ImadeUReadThis:
Ever wondered why all the major multi-national oil companies, who have been operating for decades in the oil sector have never for once considered setting up refineries in Nigeria but one staple food distributor is?

The big oil companies have avoided the downstream sector because there exist no rule book or legal framework deregulating the sector. The now watered down and over delayed PIB is also not helping matters as it doesn't provide enough legal backing to would be investors in the down stream sector.

However, Aliyu Dangote - a master of lobbying for govt patronage, subsidy and monopoly is going ahead with his refinery because he has the assurance of future Govt protection in solidifying his monopoly of the downstream sector.

How will he achieve this?

Well he already has since he had free land donated to his refinery by the Lagos state govt, and will also enjoy years of tax breaks from both the FG and Lagos FIRS.

Dangote was also able to secure forex subsidy in importing parts for his refinery and will be guaranteed crude sales from the state owned NNPC at a parallel rate that will be lower than what oil will be trading internationally.

The successful and high profitability of Dangote's refinery when it finally comes into operation, will also see Dangote building and commisioning another refinery within 5yrs his Lagos refinery kicks off.

As Dangote continues to enjoy preferential treatment and smile to the billionaire club, note that it will come at a heavy cost to opening the door for other would be investors leading to the erosion of potential jobs, lowered tax returns to the govt and the Dangotization of our Aso Rock through his bribery lobby.

So keep clapping for Dangote as he goes in dry and hard on your ass

Why didn't u build ur own since 2004 when Obj gave out cheap refining licenses.

10 Likes 2 Shares

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by usba: 8:21pm On Dec 31, 2017
This thread is just senseless and done out of shameless envy. Dangote has done his business, please do yours.

14 Likes 2 Shares

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 8:23pm On Dec 31, 2017
hardywaltz:

Why didn't u build ur own since 2004 when Obj gave out cheap refining licenses.

Nobody will build a refinery in a sector with no legislation.

This is why the PIB was very important but it was killed at the National Assermbly by same rent seekers like Dangote who want to monopolize the sector.

No right thinking investor will commit hundreds of millions to build a refinery in a country that is yet to fully deregulate and put in the proper legal frame work.

4 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by GavelSlam: 8:25pm On Dec 31, 2017
ImadeUReadThis:


I do not hold any grudge on Dangote as I see him maximizing his connections to make a buck.

But know that people like Dangote will exist because we dont have a leveled playing field that encourages competition which will see to lower prices.

Read the piece I wrote above on the Vaswanni brothers and how Dangote was able to chase them out of Nigeria and what the fallout was.

Sure, they were such sterling businessmen who didn't depend on waivers and backhand deals but managed to build and empire in Nigeria.

It was only the Nigerians within the same line of trading who participated in sleaze.

Abeg tell us another thing.

4 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 8:28pm On Dec 31, 2017
GavelSlam:


Sure, they were such sterling businessmen who didn't depend on waivers and backhand deals but managed to build and empire in Nigeria.

It was only the Nigerians within the same line of trading who participated in sleaze.

Abeg tell us another thing.

Dynasties like Ibru are the only true Business men in this nation.

Others especially from both the north and SW are govt reared

10 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by obua: 8:37pm On Dec 31, 2017
ImadeUReadThis:
Ever wondered why all the major multi-national oil companies, who have been operating for decades in the oil sector have never for once considered setting up refineries in Nigeria but one staple food distributor is?

The big oil companies have avoided the downstream sector because there exist no rule book or legal framework deregulating the sector. The now watered down and over delayed PIB is also not helping matters as it doesn't provide enough legal backing to would be investors in the down stream sector.

However, Aliyu Dangote - a master of lobbying for govt patronage, subsidy and monopoly is going ahead with his refinery because he has the assurance of future Govt protection in solidifying his monopoly of the downstream sector.

How will he achieve this?

Well he already has since he had free land donated to his refinery by the Lagos state govt, and will also enjoy years of tax breaks from both the FG and Lagos FIRS.

Dangote was also able to secure forex subsidy in importing parts for his refinery and will be guaranteed crude sales from the state owned NNPC at a parallel rate that will be lower than what oil will be trading internationally.

The successful and high profitability of Dangote's refinery when it finally comes into operation, will also see Dangote building and commisioning another refinery within 5yrs his Lagos refinery kicks off.

As Dangote continues to enjoy preferential treatment and smile to the billionaire club, note that it will come at a heavy cost to opening the door for other would be investors leading to the erosion of potential jobs, lowered tax returns to the govt and the Dangotization of our Aso Rock through his bribery lobby.

So keep clapping for Dangote as he goes in dry and hard on your ass

you are just a piece of shit and scum. Very narrow minded

6 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by hardywaltz(m): 8:39pm On Dec 31, 2017
ImadeUReadThis:


Nobody will build a refinery in a sector with no legislation.

This is why the PIB was very important but it was killed at the National Assermbly by same rent seekers like Dangote who want to monopolize the sector.

No right thinking investor will commit hundreds of millions to build a refinery in a country that is yet to fully deregulate and put in the proper legal frame work.



No wrong analysis.
It's was cheaper to import fuel, over invoice and collect subsidy payments for over invoiced product.

Just the way it is cheaper importing many products into Nigeria than producing them here

7 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 8:45pm On Dec 31, 2017
hardywaltz:

No wrong analysis.
It's was cheaper to import fuel, over invoice and collect subsidy payments for over invoiced product.

Just the way it is cheaper importing many products into Nigeria than producing them here

At the detriment of your local content and dwindling forex?

Macro-economics does not stop at the balance books but looks at the greater economic effect.

Importing fuel made your energy requirement import dependent and loss of potential jobs.

The same reason the western steel companies will never allow you develop your steel industry.

Its all part of the grand triangular trade model - your natural resources in return for finished goods.

Why you still export cocoa and import chocolates.

I know its stupid but this is a lazy corner of the world

8 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Mackin: 8:57pm On Dec 31, 2017
obua:
you are just a piece of shit and scum. Very narrow minded


I don't see him like dat. we can't all sleep and place our Head's in one direction

4 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 8:58pm On Dec 31, 2017
Lot of misinformation all over thus thread... Western steel kwa?

3 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 9:42pm On Dec 31, 2017
ImadeUReadThis:


The only reason Dangote is going all hard on this project is because he is assured of govt subsidies and protection.

There is no viable legal framework de-regulating the down stream sector and that is why you will never see any other investor who doesn't enjoy similar govt protection like Dangote.

The man has a way of manipulating our lax laws and corrupt bureaucrats to his bennefit.

Consider for a one moment that Dangote has never built a single factory in his entire life. Obajana cement plant was an FG company which he successfully bought, same with his cement plant in Benue and his sugar mill ( formerly Savannah sugars in Adamawa) from the same Federal Govt.

You should also be aware of his rice and sugar monopoly exploits under Obasanjo which led to the deportation of the Vaswanni brothers.

you an an idiot and a lair ....obajana was build from scratch ,hater

8 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Omeokachie: 9:42pm On Dec 31, 2017
Listened to Femi Adesina this evening on Channel TV on 2017 Retrospect...


This government is actually waiting on Dangote refinery to see an end to fuel scarcity!


Talk about a government putting its destiny in the hands of an individual businessman!!!!

7 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 9:43pm On Dec 31, 2017
ImadeUReadThis:
Ever wondered why all the major multi-national oil companies, who have been operating for decades in the oil sector have never for once considered setting up refineries in Nigeria but one staple food distributor is?

The big oil companies have avoided the downstream sector because there exist no rule book or legal framework deregulating the sector. The now watered down and over delayed PIB is also not helping matters as it doesn't provide enough legal backing to would be investors in the down stream sector.

However, Aliyu Dangote - a master of lobbying for govt patronage, subsidy and monopoly is going ahead with his refinery because he has the assurance of future Govt protection in solidifying his monopoly of the downstream sector.

How will he achieve this?

Well he already has since he had free land donated to his refinery by the Lagos state govt, and will also enjoy years of tax breaks from both the FG and Lagos FIRS.

Dangote was also able to secure forex subsidy in importing parts for his refinery and will be guaranteed crude sales from the state owned NNPC at a parallel rate that will be lower than what oil will be trading internationally.

The successful and high profitability of Dangote's refinery when it finally comes into operation, will also see Dangote building and commisioning another refinery within 5yrs his Lagos refinery kicks off.

As Dangote continues to enjoy preferential treatment and smile to the billionaire club, note that it will come at a heavy cost to opening the door for other would be investors leading to the erosion of potential jobs, lowered tax returns to the govt and the Dangotization of our Aso Rock through his bribery lobby.

So keep clapping for Dangote as he goes in dry and hard on your ass

why not build you own haters

1 Like

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by kayfra: 9:51pm On Dec 31, 2017
You'd rather take the status quo? Maybe your uncle imports fuel.

Hater

2 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 9:53pm On Dec 31, 2017
dangote refinery and petrochemical company hater is not only for petrol it include fertilizer,polyethylene for plastic and petrol etc and export to feed all of west Africa.......at 60m litre daily it going to sufficient for the Nigeria Market and export to west Africa all of our fuel need and fertilizer will be covered no more import like in cement ....the funding for this project is from several developmental institution across the world ....u most be a failed agent of fuel importers that are about to go out of your blood sucking business leeches on the Nigeria state ....Dangote is not after Nigeria govertment subsidy with 14 bn dollar investment 5 trillion naira u dey craze....that almost federal govt budget....he will sell to all depots at market rate then they sell to public and wait for subsidy if any....no more shipping cost and port charges

9 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 9:55pm On Dec 31, 2017
[quote author=Omeokachie post=63780704]Listened to Femi Adesina this evening on Channel TV on 2017 Retrospect...


This government is actually waiting on Dangote refinery to see an end to fuel scarcity!


Talk about a government putting its destiny in the hands of an individual businessman!!!!


s/quote]why didnt all former president build one with crude at 140 ...it not a crime better than importing

1 Like

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Nobody: 9:58pm On Dec 31, 2017
ImadeUReadThis:


At the detriment of your local content and dwindling forex?

Macro-economics does not stop at the balance books but looks at the greater economic effect.

Importing fuel made your energy requirement import dependent and loss of potential jobs.

The same reason the western steel companies will never allow you develop your steel industry.

Its all part of the grand triangular trade model - your natural resources in return for finished goods.

Why you still export cocoa and import chocolates.

I know its stupid but this is a lazy corner of the world
u need knock for supporting import

2 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 9:58pm On Dec 31, 2017
[s]
Alikote:
dangote refinery and petrochemical company hater is not only for petrol it include fertilizer,polyethylene for plastic and petrol etc and export to feed all of west Africa.......at 60m litre daily it going to sufficient for the Nigeria Market and export to west Africa all of our fuel need and fertilizer will be covered no more import like in cement ....the funding for this project is from several developmental institution across the world ....u most be a failed agent of fuel importers that are about to go out of your blood sucking business leeches on the Nigeria state ....Dangote is not after Nigeria govertment subsidy with 14 bn dollar investment 5 trillion naira u dey craze....that almost federal govt budget....he will sell to all depots at market rate then they sell to public and wait for subsidy if any....no more shipping cost and port charges
[/s]

He will import crude from Niger and NOT source free oil from the Niger Delta.

The Yorubas have already dashed him their 40,000 barrels a day oil field.

Let him use that in his refineries

6 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by PapaBrowne(m): 9:59pm On Dec 31, 2017
What kind of reasoning is this??

That we should rise up and protest against Dangote because he is building a refinery that a whole FG has refused to build for the last 30 years??

What’s my business if he is running a monopoly.

Facebook is running a monopoly on social media and we are all doing just fine.
Google is running an absolute monopoly in search and we are fine.
Android and IOS are running a Global duopoly in operating systems and the world is fine!

NNPC has run a monopoly in the oil sector for as long as we have known and we are not dead.

Why is DANGOTE building a refinery suddenly a problem.

Just for your info, did you realize that throughout the recession the only Nigerian commodity that didn’t go up in price was cement??

Asides, there is no industry in the country that Dangote operates a monopoly. Sugar, Cement, Flour, etc he has very aggressive competition.

14 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by GavelSlam: 9:59pm On Dec 31, 2017
Omeokachie:
Listened to Femi Adesina this evening on Channel TV on 2017 Retrospect...


This government is actually waiting on Dangote refinery to see an end to fuel scarcity!


Talk about a government putting its destiny in the hands of an individual businessman!!!!



What is wrong with that?

Are world government's and businesses not putting all their Top secrets on Microsoft, Linux and Oracle databases?

The railroads in the US are in the hands of businesses and government's provide permits and support to ensure they function.


Don't hate the player, hate the game.

11 Likes

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by ImadeUReadThis: 9:59pm On Dec 31, 2017
Alikote:
u need knock for supporting import

I pray you make it into one of Buhari's appointment list this coming year.

You are as dense as a rock at the bottom of the river.

When did I advocate for imports over local refining?

1 Like

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by surgical: 10:01pm On Dec 31, 2017
ImadeUReadThis:


The only reason Dangote is going all hard on this project is because he is assured of govt subsidies and protection.

There is no viable legal framework de-regulating the down stream sector and that is why you will never see any other investor who doesn't enjoy similar govt protection like Dangote.

The man has a way of manipulating our lax laws and corrupt bureaucrats to his bennefit.

Consider for a one moment that Dangote has never built a single factory in his entire life. Obajana cement plant was an FG company which he successfully bought, same with his cement plant in Benue and his sugar mill ( formerly Savannah sugars in Adamawa) from the same Federal Govt.

You should also be aware of his rice and sugar monopoly exploits under Obasanjo which led to the deportation of the Vaswanni brothers.

They will never understand, their thinking is very shallow.

3 Likes 1 Share

Re: Dangote Refinery: Govt Sponsored Monopoly In The Making by Blue3k(m): 10:02pm On Dec 31, 2017
1. Dangote doesn't have monopoly if we want to use word correctly. Petrolex building 250 million barrels per day refinery in Ogun. Did they have special deal (maybe). The government handed out plant of licenses but those companies weren't serious like dangote.

2. Nothing wrong with Lagos donating land. There's a lot of precedented for this in Nigeria. Akwa Ibom did it with innoson and The syringe factor If I recall correctly. The tax breaks are pretty normal for big projects aswell. Lastly we dont know what tax breaks he got exactly and besides the breaks aren't exclusive to him.

Well he already has since he had free land donated to his refinery by the Lagos state govt, and will also enjoy years of tax breaks from both the FG and Lagos FIRS.

3. NNPC already sell oil below international rate to marketers. I don't agree with that but it not exclusive to dangote. The preferential subsidy akin to picking winners and losers so I don't agree with that.

3b. Deregulate pump prices and stop the bad forex policy of strong naira. Let the currency float. I don't disagree with some of your critisms and have sane opinion of Dangote in other areas. He lobbies to get special deals like when he ask to raise tariffs of food like tamotos. I also dislike protectionism.

Dangote was also able to secure forex subsidy in importing parts for his refinery and will be guaranteed crude sales from the state owned NNPC at a parallel rate that will be lower than what oil will be trading internationally.

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