AroleOduduwa2:
It is what it is, everyone can now see the agenda the apc led administration has

passyhansome:
TELL ME IT'S NOT TRUE, ARE YOU TELLING ME NIGERIA CAN'T AFFORD $300Million to build a standard refinery, The country has failed this generation once again, shame to all incompetent leaders that have, has and will pilot the affairs of this nation

passyhansome:
TELL ME IT'S NOT TRUE, ARE YOU TELLING ME NIGERIA CAN'T AFFORD $300Million to build a standard refinery, The country has failed this generation once again, shame to all incompetent leaders that have, has and will pilot the affairs of this nation

MIKOLOWISKA:

Called lazines
But you all insulted the president when he pointed it out



Who likes hard work
Go do am na since you're worker of the year

Keep forming righteous
Don't go there and collect your own share THEN produce exports and lay example that others can copy

Keep speaking grammar and feeling holier than thou

kaen1317:
dangote to build refinery, Saudi arabia to build refinery. where is Nigerian government refinery?

wirinet:


Are you people cursed to always criticise? Today you will say Buhari is driving away foreign direct investment, when foreigners decide to bring dollars into Nigeria and invest heavily you complain again.

These companies that you are complaining about bring their monies, expertise and experience. They did not hinder you or your people from investing. They pay for licences, pay for land, pay taxes and most importantly employ locals.

The Saudi owned ARAMCO is one of the biggest companies in the world if not the biggest. The company is estimated to value more than $2 trillion (two trillion dollars ). If they come to Nigeria, that would be a huge boost to investor confidence and our economy.

wirinet:


Are you people cursed to always criticise? Today you will say Buhari is driving away foreign direct investment, when foreigners decide to bring dollars into Nigeria and invest heavily you complain again.

These companies that you are complaining about bring their monies, expertise and experience. They did not hinder you or your people from investing. They pay for licences, pay for land, pay taxes and most importantly employ locals.

The Saudi owned ARAMCO is one of the biggest companies in the world if not the biggest. The company is estimated to value more than $2 trillion (two trillion dollars ). If they come to Nigeria, that would be a huge boost to investor confidence and our economy.

AutoReportNG:
Let's wait and see how this will play out... Remember Dangote is building his own too in Lagos

RealityShot:
you are right...


But ibe kachuku did not tell us how much NNPC made last year too!


But we don't want to become AFGHANISTAN, IRAN, IRAQ! Or Libya

Esseite:


You misunderstood the write up... its majors on why Nigerian politicians cant invest stolen funds and dominate vital industries like these...

wirinet:


Nobody knows how much NNPC made in any year. Even Okonjo Iweala did not know how NNPC made in any year of the Jonathan administration. NNPC just declares the monies they like, and we accept whatever they give.
Afghanistan, Iran, Iraq or Libya was not caused by the Saudi. The conflicts were caused by the power play of the West.

RealityShot:
and who is paying for all the firepower the west has been fighting since 9/11/01??

wirinet:

You mean the Saudis have more money than the US? The US don't need Saudi money to fight wars. The Saudis only help the US by flooding the market with oil to keep the price down.

omenkaLives:
See one ipod yoot as usual displaying raw ignorance as others cheer him on with likes, saying Nigerian government is importing terrorism doing business with Saudi Arabia. I'm sure the ignoramus dont even know some of the biggest business interests in the western world are owned by the same Saudis, from Europe to the Americas.

How did one come about sharing the same planet with these things for God's sake?

Where have you been all these while? You're already making these ignorant IPOB yoots gnash their teeth

Welcome back bro.

Turantula:
This terrorist government looking for ways to import terrorism into the country. Of all country to build refinery for you you chose the world's capital of terrorism.
Buhari is a terrorist Sha!

IMAliyu:

Ok, here is my simplistic take.
The Nigerian government has proven to be unable to build, maintain and efficiently run a refinery in the country.
This is why private entities that see potential in that sector like dangote are entering into the business, but dangote alone would have a monopoly and this is why I wouldn't mind an introduction of a competitor even if it is a foreign company to create healthy competition and drive the price of commodities down.
I believe that any sector that the government has failed in, it should open up to private foreign and local investment that would lead to the development of that sector.
E.g. The government owned Nitel vs The competition between MTN, GLO, Airtel... That has developed the Nigerian telecommunications industry.

iammo:



Buhari's globethroting yeilding positive results. I hope lulu hypermarkets comes in also to show Shoprite how things are done, and Islamic Banks that charges nothing for most transactions, and give intrest free loan, as oppose the criminal 28% our bank charges comes too.

Its time to show this greedy terrorist screaming Dunce how business is done without greed around GCC countries, that makes all of them rich and morally upright.

The same Dunce screaming terrorism would travel to muslim majority countries like Malaysia, UAE, Qatar and Kuwait, only to become cultist, drug dealers and Bank robbers.

SouthWest is open for business and we shall give out free lands, any country or religion is welcomed, wether its Catholic and Vatican, Isreali and Jews or The Saudi and muslims, who ever wants to invest is free, as we dont descriminate.






.

IMAliyu:

Ok, here is my simplistic take.
The Nigerian government has proven to be unable to build, maintain and efficiently run a refinery in the country.
This is why private entities that see potential in that sector like dangote are entering into the business, but dangote alone would have a monopoly and this is why I wouldn't mind an introduction of a competitor even if it is a foreign company to create healthy competition and drive the price of commodities down.
I believe that any sector that the government has failed in, it should open up to private foreign and local investment that would lead to the development of that sector.
E.g. The government owned Nitel vs The competition between MTN, GLO, Airtel... That has developed the Nigerian telecommunications industry.

martineverest:
some Nigerians are just dumb.... somebody wants to invest such amount of money in Ur country and u are complaining?

Bolustical:

Where have you been all these while? You're already making these ignorant IPOB yoots gnash their teeth

Welcome back bro.

codemaniacs:



be careful when reading any document... from your comment, you're reading news that promotes globalists movement...

you're saying "Multinationals are not there to develop your economy" but the dutch colonized and developed South Africa and blocked indigenous South Africans from economic opportunities and even tried to wipe them out..

wizkid/davido earn that much because the people that listen to his music are mostly Nigerians or Africans in the diaspora... they make money from hard working Nigerians and Africans in the diaspora, its not the europeans patronizing their music

Last year, Nigerians in the diaspora repatriated over $20billion...

you have your opinion and I have mine...

you are allowing foreign media brain wash you

you are the ignorant one..

OladimejiRufai:
Saudi Arabia...


There are more important issues than this affecting the Ummah/Muslims and the world...

Please, deal with that first..


And besides, you may not be wanted here... Many have started linking this development to initiating terrorism in the land


To do such a project on a land where you are not wanted may become a failure in the end... I hope the Saudi government can see this...

bigpicture001:


You analysis and concern over monopoly is good...but the truth is dangote..would not hold monopoly in this industry. this is because..the three existing refineries would b privatised immediately dangote finishes his so that effective competition can ensue....

Dangote and the rest are ok for our future refinery needs...we don't want capital flight issue...MTN Nigeria bought her licence for 256million nd invested over 5billion since then..bought they shiped out over 100billion since inception....

Just know it that any economomy that cannot hold on to money it makes will never progress...leakages of financial capital shouldn't b encouraged...


Once again...we say "no to capital flight"

obailala:
The bolded part of your message, it's quite amusing that many Nigerians still do not understand how things work in Nigeria. Do you really think Dangote would allow those moribund refineries come back to life after he completes his?

Aliko is a shrewd businessman who thrives in aggresively maintaining his monopoly; if you doubt, go and ask people like BUA and IBETO. With all the noise and promises Kachikwu made about restoring the NNPC refineries by 2019, I wouldn't be surprised if Dangote has a hand in the frustration of Kachikwu. At this time (its already even late), Nigeria desperately needs anything that can stand as competition to Dangote. If Dangote becomes the sole producer of petroleum products post-2019, Nigerians would be lucky if the buy petrol for anything less than N220.

bigpicture001:


Don't be too scared my friend....dangote is un friend and not enemy...

He will singlehandedly make Nigeria great again..first by reducing d the exchange rate by about 50%.....