googlepikins:
Emefele is so useless.

By 2030 Crude oil prices will drop to $20 does that mean Nigeria economy will slide into recession forever?

It's now obvious our politicians think Western countries are Joking about electric cars

We should just stop exporting crude and ban the use of hydrocarbon-powered vehicles.

SmartPolician:


You think say to build refinery na one naira.
License is not the problem but building refineries is capital intensive.

Now, it may not be easy to invite foreign investors to come and build theirs (invest in Nigeria) because most countries are moving to cleaner energy and naira is on a free fall.

No matter how much we criticize the monopoly Dangote enjoys, that man has done a noble thing for the country by building that refinery. Who actually funds the project is a talk for another day. As for Godwin Emefiele, that one na mistake of a CBN governor.

The simple truth is that we have bad and incompetent leaders in almost all the Government parasatals, why not make a good and simple law and save NIGERIA from fuel importation. For example mandate all these multi-national oil companies to build refineries here in NIGERIA or leave the countries oil business, secondly support some states to build refineries/privatize Government owned refineries and see the issue of fuel importation to go extinct with a year or more

Babanah:
Float the naira now and do not announce the date for the commencement of the refinery. Speculators will eventually get their fingers burnt. Those who understand how fickle fx rates are under floating regime will be mindful about the price they purchase dollars.

Bros good morning, I don't understand what it mean to float d naira...when naira is been floated would it likely appreciate against d USD or depreciate. Pls sir, educate me on this. Thanks in advance

Eppking:
What has CBN said that is not out of place aside mentioning the date of commencement of operation?

The country got to this level because individuals (top level) who are supposed to project into the future never bothered to do that, thus the country plunged more and more into obscurity during their time.

It is wise to acknowledge the input of individuals who deliberately contribute to the development of the economy.

Dangote has proven to be a patriotic Naija man. Do you know most of the refineries abroad belonged to some ex military Generals and con Nigerians, reason why they cared less of the refineries at home?

I pray that God continues to sustain Dangote on this. I saw one his interviews where he said "I decided to venture into manufacturing after years trading (buying and selling to rake profit)." Recall before Dangote there were Eleganza, Doyin group and others that failed. Some went on to float commercial banks and still failed. We shall discuss this area later.

Something is definitely working for Dangote and I pray he lives long to benefit and enjoy the fruits of his earthly labor.

Dangote is one Nigerian I really do want to see live above hundred and healthy. He's a gift to this nation. Can you imagine how many people that man is feeding via direct and indirect jobs provision? It's serious.

Kudos to Dangote's brilliance and biz acumen as a Nigerian. This is just another experiment to help move the country forward and too early to see where it will lead us. Dangote has been a true champion in this novel cause. i am not a business analyst and so its too early for me to predict how this will pan out .

By the time we realize the implication of handing the entire economy to a private individual, it might be too late to cry!






I rest my case!

Nigerialabalaba:
CBN just ignore dem o, no listen to dem. Na God we take beg una for CBN.

Na dem, not you or Dangote, be d enemies of progress wey dey benefit for the forex manipulation.

As dem dey so, na to siddon dey talk but behind, dem go dey do worse pass even dat useless abokiforex Olumide wey hide for UK as British citizen and con dey manipulate forex and profiting from arbitrary rates he publishes with him fellow robbers yet dem no get a single manufacturing industry here for naija.


We wey be true Nigerians sabi wetin dey and no be enemy of progress. Some of dem steal money hia go use am build refinery for overseas and con dey collect fx here to take import the petrol com Naija.
Oga CBN governor Godwin Emefiele no mind dem o!

Read this your post again and you'll see how foolish you sound

samwillyco1:


The simple truth is that we have had and incompetent leaders in almost all the Government parasatals, why not make a good and simple law and save NIGERIA from fuel importation. For example mandate all these multi-national oil companies to build refineries here in NIGERIA or leave the countries oil business, secondly support some states to build refineries/privatize Government owned refineries and see the issue of fuel importation to go extinct with a year or more

You cannot mandate oil companies to do shit.

Have it on notice that lots of oil majors have relinquished their onshore assets.

Secondly, the effect of militancy and pure sabotage makes it unattractive for such oil coys.

In addition, Nigeria once implemented a nationalisation policy which led to greater antipathy from Western-owned oil companies.

ofoka:
Nigerians are the problem causing the fall of naira not CBN governor. How can we consume 90% imported products and services and expect CBN governor to do magic. If you are in Nigeria, look around your home and separate made in Nigeria products from the imported ones including the gadget you are using to read this and know that we are the problems. What have you produced? People are busy trading on imported goods and even services and blaming another person. Let's think inwards

Nonsense!
Weren't Nigerians consuming foreign goods before this clueless, satanic Buhari regime?

Naijanascam:
Hoping on someone's self effort that is yet to start working and you claimed to be the best Apex banker.. ....

saner climes solely rely on the activities of private individuals.

Caseless:


If America bans, which is unlikely by that time, the majority of our buyers are outside America, so oil stays. The war on oil is to weaken Russia. It will continue to have value for a longer time.

America takes the lead before her alies join, California state governor has already banned diesel powered lawn mowers and diesel trucks older than 2010, the AB5 law. Many countries in the EU signed the zero gas emission, UK motor industry players lobbied for an extension for extra 5 years beyond 2030.
Dangote refinery came 10yrs late, the desperation to recoup his capital will drive the prize of the product to the moon.
I'm sorry for Nigeria.

Very useless government and incompetent, any business without competition is a failure why is a single person can stronger than a country, what a tyrant

I swear this Dangote man is benevolent!
Imagine one person controls one third of trading activities at the NSE.
Now, the whole country is waiting on his yet to be completed refinery to save the Naira.
With all these, Dangote can be the richest man in the world.
He can easily pump and dump whatever he wishes on us and make some wicked money out of us!

MY OWN IS THAT WHY DID WE HAVE TO WAIT FOR YEARS BEFORE WE BUILT A REFINERY I MEAN THERE WERE TIMES IN NIGERIAS EXISTENCE THAT WE HAD OIL BOOM AND SO MUCH MONEY WE DID NOT KNOW WHAT TO DO WITH IT WHY DID WE NOT BUILD REFINERIES? ITS WHEN GASOLINE CARS WOULD SOON BE PHASED OFF IN 2035 WE ARE THINKING OF BUILDING REFINERIES TO DRIVE WHICH CARS EXACTLY AM SURE BY THE TIME OUR REFINERY IS READY AND OPERATIONALCLIMATE CONTROL AGENCIES WOULD BE FINEING NIGERIA LEFT RIGHT AND CENTER AND MILKING US DRY FOR THE SO CALLED REFINERY WHICH IN THE FUTURE WOULD BECOME A LIABILITY TO THE COUNTRY

SmartPolician:


You think say to build refinery na one naira.
License is not the problem but building refineries is capital intensive. Now, it may not be easy to invite foreign investors to come and build theirs (invest in Nigeria) because most countries are moving to cleaner energy and naira is on a free fall.

No matter how much we criticize the monopoly Dangote enjoys, that man has done a noble thing for the country by building that refinery. Who actually funds the project is a talk for another day. As for Godwin Emefiele, that one na mistake of a CBN governor.

Read what you wrote again.

What's stopping Nigeria to fix it's own refinery?...or is dangote richer than Nigeria?....

They're all mad people everywhere.

REFINERY THEY COULD HAVE BUILT SINCE WHAT STOPPED THEM THATS THE QUESTION WE SHOULD BE ASKING WHEN DID DANGOTE BECOME A BILLIONAIRE THAT A WHOLE COUNTRY COULD NOT BUILD ITS REFINERY? MIND YOU WHILE IT WOULD EASE OFF OUR DEPENDENCE ON FOREIGN EXCHANGE ,THE WORLD LEADERS HAVE GIVEN DUE DATES FOR THE PHASING OFF OF GASOLINE PRODUCTION CARS AND ENERGY BE PREPARED FOR YOUR SO CALLED DEFINERY TO BECOME DORMANT AND FACING HUGE FINES FROM CLIMATE CONTROL WORLD BODIES IN OTHERWORDS YOUR SO CALLED MESSIAH OF A REFINERY WOULD SOON BE A LIABILITY IN 10-15 YEARS

pipnator00:
I swear this Dangote man is benevolent!
Imagine one person controls one third of trading activities at the NSE.
Now, the whole country is waiting on his yet to be completed refinery to save the Naira.
With all these, Dangote can be the richest man in the world.
He can easily pump and dump whatever he wishes on us and make some wicked money out of us!

Babanah:


Can you explain?

He is a vision impaired man.

PENNYSWAP:
He is Mr Nigeria

Always in the good books of every president.

From Obj till date

You are not brilliant and still exposing it.

Did you read?

Emefiele, while responding to questions from financial experts, had said the country would witness a significant drop in imports and forex boost once the Dangote refinery commenced operations by June 2022.

Please, take note of this. I have been saying what Nigeria needs to do. We need to address what went wrong.

Note that Emefiele, the Central Bank governor said here that imports must drop significantly before forex boost. That is it.

What makes imports drops? Definitely exports must increase. It is just one department of our economy which will do wonders. Now imagine we reduce imports in all other department. This is a huge success.

Our root problem was caused by more imports and extremely low exports. So, what caused this? We produce less. Most factories have shuf down. And why did mjat factories shut down? Lack of of enough Power. Wow.

Note that we said lack of enough power. How? We suppose to increase power we generated according to increase in population. Population at the time our economy was booming was less than 8 million in major places industries are. Today, we are close to 80 million. I am.not talking of total population, but general population where industries are. Lagos alone is presently 21 million while in those days it was around 3 million. What a huge explosion. Many things are wrong.

Nigeria challenge is technical and can be address by someone who understands it. So, we need to first create attractive homes and other benefits in other places to decongest major cities industries are. Power is the solution. We just need to generate power massively. No matter how we try, we will not get it if we depend on renewables like water, wind, solar, etc. It is not possible. We cannot get it right. The only way to get it right is nuclear power. Nigeria needs nuclear.

If we dont do it, we will continue struggling. This lies the solution. The moment we get on board nuclear power, and we create a system to spread population across the country....road construction and housing plans must continue....that is when Nigeria will come out. A 20-years plan can achieve this and we will compete with super nations.

This is what Osinbajo and the economic team should focus on. And they make Agric a strong means to boom our export.

Skyehigher1:
Very useless government and incompetent, any business without competition is a failure why is a single person can stronger than a country, what a tyrant

Can’t your village people gather money and compete with Dangote?

Y’all acting like this man is hindering you successes


Was he the only one that was issues license to build a refinery!

Y’all are hate filled

lexy2014:


how does all u have said justify CBN waiting for dangote to finish building refinery before it can solve d forex crisis?

Because people like Olumide abokiforex and other yeye people like him no dey manufacture anything and as dem no get sense to remember say CBN took a strategic business and national interest decision on Dangote, it's dia own problem. For donkey years, dis same people like Olumide abokiforex dey manipulate forex and some dey chop for every year TAM of those our national refineries and when dey pump petrol, another set of yeye people go go damage oil pipeline to dey siphon the fuel . Now God help us with Dangote Refinery so dat for once we will stop putting all our hopes on those refineries, dem still dey try to dey condemn CBN.
Tell dem o say CBN sef go chop for Dangote Refinery because na business no be charity. All the discos wey CBN lend money, you sabi how much CBN don make? As people dey buy electricity, na CBN controlled account e dey go. Na like dat Dangote sef go be until e pay back some facilities CBN guarantee. Within 5 years max, Dangote Refinery go become profitable, pay him debt and na win win for everybody.
Dis na d plan those yeye people like Olumide of abokiforex want to frustrate so dey can continue with free dirty money wey no dey create job like dat of Dangote.

Commentor:
Which Nigerians are criticising?

Stop asking useless questions and do your research on the modular refineries licensing.

Babanah:


Can you explain?

What is there to explain to you again when evidence full ground like sands.

This country is in a lot of wrong hands and clueless people!

That failure called Emefiele keeps breaking his own failure record

ijustdey:


https://www.icirnigeria.org/nigerians-say-cbns-reliance-on-dangote-refinery-to-fix-nairas-free-fall-shameful/

What he is trying to say is that we should continue to expect free fall of naira till June 2022 then

hotseat:
By the time we realize the implication of handing the entire economy to a private individual, it might be too late to cry!

I rest my case!

What economy are they handing over to him?

Please stop all this beer parlor gists

Babanah:


Can you explain?

They cannot explain, Nigerian lack manners! He is calling an expert like emefiele a stack idiot wetin be him papa?
Country like US, china,France,Uk, Russian are all happy because the have a productive companies of various kind, defence, petrochemical, automobile industry, communication gadgets, aerospaces companies and alot more
Why would there country tender depreciate when the have enough FX and country like ours in Africa have to go theirs to spend their little FX

Motion123:


Stop asking useless questions and do your research on the modular refineries licensing.

Shut up.

What research have you done?

Who was given a licence that wasn't given support by government, CBN or lenders?

Just coming online to write trash.