The way polticians and government institutions have interest in this refinery is incomprehensible. I just hope that Dangote Group will continue to exist when the man is no more.

I stand with the government on this one.
Dangote is getting too rich for my liking.

ogododo:


https://punchng.com/refinery-dangote-not-happy-with-nnpc-proposed-stake-acquisition-says-kyari/

Na lie. He is very happy. We are not deceived.

Nonsense, why will he be happy. Reaping where you didn't sow...NNPC want to come and scatter Dangote refinery and make it moribund like their own

I didn't read it, I don't care

The African Amazon..

Ofemmanu1:
hehehehe..

Dangote knows the FG too well.

Once you've been burned, everything is fire.

I fear this FG that wants to buy 20% stake for 19B dollars while the whole refinery project is not more than 25B dollars

Let them come with their badluck.
Carry your stakes and invest in ur 4 refineries .
Ndi oshi!

anselm791:
I stand with the government on this one.
Dangote is getting too rich for my liking.

How much is the whole refinery project..that cost 25B dollars and now the government wanna buy 20% stake at 19B dollars

Staged

the same business that several governments since 1999 have helped grow by taking out competitors both locally and internationally, he dare nit complain

Kingpele:
Wow ...Dangote is a business man ,he wouldn't want government to carry their corruption enter his business ..anything government touches turns out ruined

proff010:
Dangote help me beg Buhari

see as one mod don hide the Nnamdi kanu picture

this MAN is talking NONSENSE !!

they wan to BORROW to buy stake in a private company. he means to say, they want to give him LOAN subsidy.

WHY do we have these types of people everywhere for goodness sakes ??

this SOUNDS DUBIOUS, very dubious

Who no like better thing. FG like better thing.
Useless FG wey get money plenty even don borrow money plenty join, Dem no fit repair or replace their rotten refineries, now dey wan lobby for shares for the plate and chairs for the table, Dem wan con dey use authoritative tone. Dangote self... E don tey wey him dey do monopoly, na fence he dey sit down put all these years of PDP and APC rule, now water wan pass garri.

humility33:


How much is the whole refinery project..that cost 25B dollars and now the government wanna buy 20% stake at 19B dollars

It's actually worth about $12B which is also Dangote's net worth.
The man is putting everything in to control the country.

lomprico:


dem give am money whey he use build am?

Without the support of the government, Dangote won't be able to build that refinery.

This is crazy!... he is talking pretty much nationalization... which is done in communist countries. How can you just demand stakes in a private company? Countries have oil reserves ... that's the form of security....where they store oil in case of emergency. The US government has a massive oil reserve... but not one refinery nor shares in any private entity. Nigeria has ehmmm.... 4 oil refineries ... how can the FG for yearssss not manage them but believe they can help make better decisions for Dangote? This announcement will discourage investment period. With this kind reasoning... it is clear that these 1900's politicians need not to be part of the FG of we are to truly move forward. We need fresh blood period.

An NNPC that can't guarantee energy with its 4 refineries now wants to guarantee energy by having a say with dangote's refinery?

If Dangote can resist, he should do so. All Nigerian govt is looking for is where they can steal

ogododo:


https://punchng.com/refinery-dangote-not-happy-with-nnpc-proposed-stake-acquisition-says-kyari/

humility33:


I fear this FG that wants to buy 20% stake for 19B dollars while the whole refinery project is not more than 25B dollars

Dangote was aware that darkness could take root in pristine gardens, and even good men could fall to shadow.
Successful people are always looking for opportunities to help others.
Unsuccessful people are always asking, "What's in it for me?

What support are you talking about? There's no amount of support that warrants buying a stake in a private company. Nigerian govt is just looking for avenues to steal or control dangote's refinery.

DubaiLandLord:
Without the support of the government, Dangote won't be able to build that refinery.

You can have some kind of oversight because of National importance but to have an actual stake in form of ownership os wrong and should be resisted by Dangote.

don't be surprised it's a SCRIPT that DANGOTE agrees to. it's just a subsidy with tax payers keeping Dangote afloat. In other words, he is getting RICH by government help. What sort of lawmakers do we have for CHRIST sakes

Originalsly:
This is crazy!... he is talking pretty much nationalization... which is done in communist countries. How can you just demand stakes in a private company? Countries have oil reserves ... that's the form of security....where they store oil in case of emergency. The US government has a massive oil reserve... but not one refinery nor shares in any private entity. Nigeria has ehmmm.... 4 oil refineries ... how can the FG for yearssss not manage them but believe they can help make better decisions for Dangote? This announcement will discourage investment period. With this kind reasoning... it is clear that these 1900's politicians need not to be part of the FG of we are to truly move forward. We need fresh blood period.

Funny man. How is he not happy when this was the plan all along? The refinery is definitely over valued compared to other refineries with same capacity. So they are buying a 20% stake in a over-priced project. That's a misuse of taxpayers money.
And how does this guarantee energy security anyway? The foreign refineries they buy from currently, do they have stakes there? And why will they need a stake in Dangote's own when they already awarded contract for the rehabilitation of our own refineries which will be "delivered" soon?
They should just compete with him.

Bunch of clowns

You can't blame him. You people are corrupt and incompetent. Anything you put your hand yo, becomes over bloated, uncompleted project or scandalous.
Me too I wouldn't want govt to have stake in my biz. He has to be careful, because the has benefited from his connection to them. If he rejects, they will frustrate his investment in the sector.

Where was NNPC when he started building the refinery, there is suppose to be an agreement before the project started, why now? They thought Dangote will not be able to muster it through.
What is happening to the NNPC refineries around the country. Dead.
Pls allow Dangote to enjoy his money,

na people like you dey like to fool. who tell you say he dey cry
someone dey give am 20 billion, so he no go take am

MadeMan01:
You can't blame him. You people are corrupt and incompetent. Anything you put your hand yo, becomes over bloated, uncompleted project or scandalous.
Me too I wouldn't want govt to have stake in my biz. He has to be careful, because the has benefited from his connection to them. If he rejects, they will frustrate his investment in the sector.

Dangote is greedy truly.

The equity is huge!

I have never seen where a government entity will compel a private business to sell a stake in the name of national security or for whatever flimsy reason.
If the NNPC wants a stake they should buy one on the Stock Exchange whenever Dangote decides to list his refinery business.

ogododo:


https://punchng.com/refinery-dangote-not-happy-with-nnpc-proposed-stake-acquisition-says-kyari/

Very good. 20% stake for NNPC non-negotiable.

angelfallz:
An NNPC that can't guarantee energy with its 4 refineries now wants to guarantee energy by having a say with dangote's refinery?

If Dangote can resist, he should do so. All Nigerian govt is looking for is where they can steal

Funny stuff...

They're really just interested in the profits. They won't be directly involved in the daily running of the refinery.

Brosss, which equity you dy talk about.
Lol..you sef won talk too

olahero:
Dangote is greedy truly.

The equity is huge!