Noted

NGpatriot:



Oil is an internationally traded commodity so he can not buy below international price so he must sell at international price to remain in business.

Besides, the government can not do much because he's operating from a free trade zone.

He can buy below international price. It will be a tripartite agreement with oil producers, FG and Dangote.

So all the deregulation nonsense and removal of subsidy rubbish is just to aid Dangote Refinery? Is Dangote group or a curse to Nigeria that any sector they come in, makes life more difficult for the people instead of ameliorating it.

mandarin:


He can buy below international price. It will be a tripartite agreement with oil producers, FG and Dangote.

It doesn't work that way,crude is an internationally traded commodity with fixed market price and giving any buying discounts and preferential treatments means we must be ready to offer such considerations to other buyers and our own customers because they will demand the same thing or sue us for price fixing and gauging.

Dangote is operating in a free trade zone, meaning international zone and totally out of the FG;s influence and consideration..

Maxymilliano:
And the suffering continues.

A refinery that is not yet operational, the government is already helping the owner to the determine the direction of his price.

Isn't this wonderful ?

My dear its so wonderful. Na so we go dey dey until the citizenry say enough is enough

Desric:
So all the deregulation nonsense and removal of subsidy rubbish is just to aid Dangote Refinery? Is Dangote group or a curse to Nigeria that any sector they come in, makes life more difficult for the people instead of ameliorating it.

BUA Group, French Firm Seal Deal for 200,000bpd Refinery

BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture, has diversified into the oil and gas business with the signing of a deal with Axens of France to refine 200,000 barrels per day of crude oil in the country.

The deal would see Axens, France’s largest hydrocarbons group, license key refinery technologies to BUA Group, one of Nigeria’s leading industrial conglomerates, in the contract that was signed between both parties in France yesterday.

https://www.thisdaylive.com/index.php/2020/09/02/bua-group-french-firm-seal-deal-for-200000bpd-refinery/

This nonsense means other players can come in to invest their money and create jobs and wealth for Nigeria and Nigerians and they are already coming in.

BUA is adding 200,000 barrels per day to compete with Dangote, more competition will naturally stabilize the price of petrol via market forces instead of government actions that prevents competition and investments.

Maxymilliano:

Dangote refinery will sell petrol at international price, says FG

Published September 14, 2020

Eniola Akinkuotu, Abuja



https://punchng.com/dangote-refinery-will-sell-petrol-at-international-price-says-fg/?utm_medium=Social&utm_source=Facebook#Echobox=1600081840

It will be a false statement claiming to understand the direction of this administration. The fact that, the Ministers can say this publicly implies a hidden plan. Moreover, when did FG began to speak for private investors? Nigerians... Watch out!
t6

muykem:
Why government can't sell those four nonfunctional refineries and invest the proceeds on increase capacity for fuel reserve.

no one will buy those dead refineries now. Obj sold two dangote then for 500m usd. But dullard Yar adua reversed the sale. Now the refineries are worthless https://www.google.com/amp/s/www.vanguardngr.com/2015/07/how-yaradua-was-pressurised-to-revert-refineries-sold-to-dangote-obasanjo/amp/

GudluckIBB:
So Nigerian Government was actually waiting for Dangote Refinery to Start production.Very Soon Dangote will start lending Money to Nigeria.


Sad Indeed!

What is wrong with the bold?

Lemme just b calming dan

knowledgeable:


...And the Yorubas will defend this fulani heartless expliotation to death, because of their hatred to other Southerners and Igbos in particular,... they have been harmered into the matrix where they can only defend the evil that flows out from the Fulanis and nothing else...

Exploitation because the company is owned by a Nigerian?
Your entitlement mentality is sickening.
SMH

mandarin:


He can buy below international price. It will be a tripartite agreement with oil producers, FG and Dangote.

That will be indirect subsidy.

IamWonderful:
Politicians, how does FG and Dangote meet? no wonder our refineries refused to work, just to inflict injuries on Nigerians

Would you have said the same thing if a foreign company owns the refinery?
When does it become a crime for a Nigerian to do better than its government?

If you think you can do better, kindly apply for your own license.
The government is hungry for investors.

NGpatriot:





This nonsense means other players can come in to invest their money and create jobs and wealth for Nigeria and Nigerians and they are already coming in.

BUA is adding 200,000 barrels per day to compete with Dangote, more competition will naturally stabilize the price of petrol via market forces instead of government actions that prevents competition and investments.

The new refinery, with a capacity to produce 200,000 barrels per day (bpd), is expected to be operational in 2024." I hope you also read this part? name one sector that has Dangote as a major player that prices of that commodity has not gone up more than 50% higher.

Desric:
The new refinery, with a capacity to produce 200,000 barrels per day (bpd), is expected to be operational in 2024." I hope you also read this part? name one sector that has Dangote as a major player that prices of that commodity has not gone up more than 50% higher.

Journey of a million miles starts with one single step, Dangote started from somewhere when many companies the FG gave refinery licenses refused to invest and utilize their license.

The upcoming refinery regardless when it's commissioned is a viable competition to go against Dangote in the market place and we need more of them to step forward and invest, to compete and drive prices down.

You can not in one breath complain about monopoly while at the same time have issues with other companies coming in to break the monopoly.

NGpatriot:



Journey of a million miles starts with one single step, Dangote started from somewhere when many companies the FG gave refinery licenses refused to invest and utilize their license.

The upcoming refinery regardless when it's commissioned is a viable competition to go against Dangote in the market place and we need more of them to step forward and invest, to compete and drive prices down.

You can not in one breath complain about monopoly while at the same time have issues with other companies coming in to break the monopoly.

I never talked about monopoly, I only talked about price hike wherever Dangote steps in.