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Nairaland Forum / Nairaland / General / Politics / Dangote Wants Only Refinery License Holders To Import Fuel (28783 Views)
NNPC Grants Dangote License To Import Fuel / Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed / PIB Would Permit Only Dangote Refinery, NNPC To Import Fuel (2) (3) (4)
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Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:25pm On Feb 28, 2021 |
Rugaria: I am pointing out that your argument the arrangement would only benefit Dangote is flawed. Plus the aim is, we produce refined fuel completely at home, relying on imported refined fuel at rare times. 2 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by COMPAQ(m): 3:26pm On Feb 28, 2021 |
Godarz: Don't mind them. They refuse to read simple article. If Dangore refinery wipes out importation today, but demand grows 50% in 5years, will it still be able to meet up? This is simply a solution that is looking at 5 to 10 years down the line, yet people are already wailing. However if other business men also build refineries, its will be an eventuality that will never occur. Besides by 2040, there is a good chance almost all cars produced globally will be using electricity. 3 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by spacechuks(m): 3:27pm On Feb 28, 2021 |
That was how he told obj that his competitors then was importing cement ,that the country should patronize local content resulting to banning importation of cement and gave him monopoly on a platter of Gold, Saying dangoite is the richest in Africa, it is laughable because Yoruba and fulani government made him rich and he can never be a role model to me, Coming to oil and gas, he want to have the country to himself, but it will shock him this time, that crude oil federal government promise to give him in naira will come from the north and definitely not the one from Niger delta. Corporate Oloshi them 4 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by olajizz01(m): 3:28pm On Feb 28, 2021 |
Rugaria:Well said about the economic thief alpha and omega. 2 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by eagleu: 3:31pm On Feb 28, 2021 |
Clueless, lazy, and shortsighted businessman crossing the boundaries of politics and commerce. 3 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by LoudLord(m): 3:31pm On Feb 28, 2021 |
Foolish people 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:32pm On Feb 28, 2021 |
Fixey: There are 25 active licences for fuel refining in Nigeria, three of which are at completion state, two others are at constructon stage. Dangote is restricting no one. The problem is government fixing the price of PMS makes PMS refining in Nigeria a hard business. Which is why most private investors are staying away for now. Even Danogte stands to lose if government keeps up the subsidy they are clearly paying despite the lying about not paying it. See. Even the group head/CEO OF BUA petitioned the government against the monopolistic business stance Dangote cement is giving by the government and called for a halt. Example of an effect of his greed. A major equipment in Dangote's cement supply chain got damaged, cement price hiked from 2800 to 4000 Naira. In an open economy, Dangote will make the time to fix his machinery while other produces continue with production So, did Dangote stop BUA improving production? BUA that has 4 factories across Nigeria, compared to Dangote's 3? Operators with Monopoly can end up causing war unlike free access economy because they would be vying to hold on to interests over social interests and would sponsor societal conflicts and wars. Example the last 2 presidential elections There is no monopoly in cememt...BUA and Lafarge last i checked were not out of business. Plus, there would be more refienreis if Nigerians stop protesting any moves to deregulate the downstream sector. (AND IF we dont deregulate, Dangote's refinery is going to crash in ten years because it won't be profitable then) The end result of excessively strong monopoly in businesses would ultimately lead to ownership and control of the people. We have plenty of such cases on the global stage, from the control of vaccines to who is free and who is not, to controlling people's lives and destinies is always the end product and not about business. 1.There is no monopoly in cement production in Nigeria. 2.Dereguation of the downstream sector will stimulate more licencees to start work on their refineries. Dangote won't be there to frustrate them 6 Likes 2 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Ambber(f): 3:32pm On Feb 28, 2021 |
Monopoly strategy again 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by 9japride(m): 3:32pm On Feb 28, 2021 |
Fixey:[color=#006600][/color] Same way the social media is being controlled by few persons. Just like how they messed up Donald Trump by shutting him down. If they give him free hand he will be more powerful than Nigeria as a whole. 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Mightyhaiz: 3:33pm On Feb 28, 2021 |
Rugaria:Dangoteria.. 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:33pm On Feb 28, 2021 |
Godarz: Smiles. Then why is the market semi-closed in cement and why does he want same in crude oil and why did the BUA chief himself advocate a more open economy. You know more than him? 1 Like 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:33pm On Feb 28, 2021 |
COMPAQ: I think the problem is Nigerians really want cheap fuel . Arguing that it costs the economy long term means nothing to them...cheap fuel, even if it bankrupts the economy 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:34pm On Feb 28, 2021 |
Godarz: Why can't your Dangote produce his own crude and let other sources that have been in operations for over 50 years continue their own activities? 1 Like 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by tempest01(m): 3:35pm On Feb 28, 2021 |
This one want make price dey up like cement Let the import be there so that if he tries to monopolize the price, people will find cheaper alternatives. Let the market forces determine the prices. Not getting all the monopoly and setting very high prices. If every thing is local and the FG is also supplying you oil at local prices, then you should not be worrying about importation as your cost is way lower than theirs and your price ( without any ulterior motives and external factors) will be lower than theirs, making you take all the market share. But this one you are already thinking far, that means your intentions are not pure. 3 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by MISSCONGENIALITY(f): 3:35pm On Feb 28, 2021 |
And as usual, government will do it and ask for more. Dangote, the government bank where they invest their stolen money and make policies that will help their money in his custody grow fast. 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:36pm On Feb 28, 2021 |
9japride: That's exactly the point. 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:36pm On Feb 28, 2021 |
Fixey: Have BUA and Lafarge stopped manufacturing? If you like...don't buy dangote, buy BUA cement or Lafarge....I don't subscribe to Danogte, or work for him self. Plus, BUA's refinery in Imo would be refining everything..except petrol. Reason being petrol is subsided, while every other thing is not. Think about that 4 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Deserea: 3:37pm On Feb 28, 2021 |
This man had pocketed Nigeria and her economy. 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:37pm On Feb 28, 2021 |
Godarz: You're spinning the narratives to pursue your own facts Justify how cement jumped from 2800 to 4000 Naira because of Dangote engine problems and why price stayed up that way Go and learn what over dependence means in economics. It's all shades of wrong. You're pursuing an agenda cause of clannishness Why Is Dangote afraid of competition and open market access. Tell me? 8 Likes 2 Shares |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:38pm On Feb 28, 2021 |
Fixey: Apart form Dangote there are 24 active licenses for refining crude oil that have been issued in Nigeria ...see them here Plus the reason why there are no more than that number is because it isn't profitable to refine fuel in Nigeria because we really haven't deregulated the downstream oil sector. 2 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:39pm On Feb 28, 2021 |
Fixey: Go and buy BUA or my fave company LAFARGE cement. Good afternoon 3 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:39pm On Feb 28, 2021 |
Godarz: Dude I've heard that so many times. Nigeria granted over 20 refineries license since 2001/2005 windows that isn't new. Question is why does Dangote want all markets restricted and closed. Why? |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:40pm On Feb 28, 2021 |
Godarz: Indeed. You must be Dangote son. Why are your emotions stirred up. Before playing the ostrich address why Dangote hates open market and competition and what's his business with fuel. Importation. If you were one of those whose legitimate businesses would be closed up that has taken some 40 years to build you'd interact more rationally. 1 Like 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:42pm On Feb 28, 2021 |
Fixey: Sorry you are asking the wrong question Plus, where is it that Dangote wants to restrict the market? Did he stop BUA from opening his refinery in Imo Answer that. You don't want to pay N200 for fuel , that's why you are giving me this convoluted argument about Dangote being this monopolist. Subsidies don't work. Good afternoon 2 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by obstead200(m): 3:43pm On Feb 28, 2021 |
GamalNasser:my brother... exactly my thoughts too. Dangote is a criminal walahi.....if he still has eyes on importation and is also seeking to monopolise it. I am tired of these northerners 5 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:43pm On Feb 28, 2021 |
Fixey: I can't discuss with guys who go emotional and start telling lies about me. Good afternoon. Don't quote me again 2 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by sisisioge: 3:44pm On Feb 28, 2021 |
Haaaaa! That will amount to one man band nau...greed is a bad word o. |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:45pm On Feb 28, 2021 |
Godarz: As usual Guilt tripping. When next you can discuss without mixing emotions mention me. If you can't discuss objectively, stop rushing to talk on subjects beyond your intellectual level Good day 2 Likes |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Fixey: 3:45pm On Feb 28, 2021 |
Godarz: He should focus on his refinery and leave the oil. Industry alone Have sense plz 1 Like |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by obstead200(m): 3:46pm On Feb 28, 2021 |
Godarz:I agree with u that subsidies don't work. But open markets will work just fine. Why is it so difficult to get a refinery licence in Nigeria? It is because the likes of dangote wants to restrict entry into the market so that they can keep making huge profits from near monopoly. 2 Likes 1 Share |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by selemempe: 3:47pm On Feb 28, 2021 |
thebosstrevor1:an Igbo or yoruba will not give the suggestion in the first place |
Re: Dangote Wants Only Refinery License Holders To Import Fuel by Nobody: 3:51pm On Feb 28, 2021 |
obstead200: It isn't...which is why there are 24 other people with licenses to refine crude in Nigeria. Five of them, Dangote included, are actively working on actualizing the refineries, according to stats from the DPR. 2 Likes |
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