tunwumi:
Be informed that the refinery is coming on stream third quarter

proeast:
Hmnn. So, Nigerian government has been funding and even obtaining loans on behalf of Dangote's refinery?

Even now, there is no assurance that it will be completed soon enough. Yet those promoting subsidy removal keep making reference to the refinery.

Is it greediness or what? Why wouldn't Dangote build a smaller refinery and have it completed on time? He just want it to be referred as the single largest train refinery in the world. SMH.

saysoo:
you guys think Nigeria is a rich country, Musk paid $40b cash for Twitter and no Nigerian bank can afford $3b to help African richest man.

franciskaine:
did you see the single obligor limit?

Realguyman1:
The kind suffer wey many common Nigerians go suffer after the Nigeria useless government done finally remove this scam called fuel subsidy ehn, nor be here o.

Imagine the Nigeria government funding and even obtaining loans on behalf of Dangote refinery. Same refinery that was built by pass governments that this present useless Nigeria governments(especially that of Buhari) can't even maintain, is what they are now funding and obtaining loans on behalf of Dangote refinery for. Nigeria matter loud

Government officials embezzling the money made for public projects has been the reason Nigeria is where it is today and not because of subsidy. I was hoping that Buhari was going to fix those issues when he became president. But no, the old man rather ended up becaming the worst president Nigeria ever had since existence.

The Nigeria useless government are just
suffering the poor masses for nothing, and what surprises me most is that most Nigerians are even comfortable with the suffering. The pass and present Nigeria head of government knows where the problem of Nigeria is, but they rather prefer suffering the poor masses than fixing it.Go

Nor be fuel subsidy dey hold Nigeria from developing or making Nigerians not to enjoy those good things the citizens of those advance countries are enjoying, but the embezzlement of public fund by the governments of all sectors in the country. And if those embezzlement don't stop, removing of subsidy or not will not change anything but rather add more suffering upon common Nigerians.

dexmond:
The south is very naive for relying on Dangoye to supply them fuel. Since it's a private business, he can close not sell to the SE or Middle Belt.

Realguyman1:
The kind suffer wey many common Nigerians go suffer after the Nigeria useless government done finally remove this scam called fuel subsidy ehn, nor be here o.

Imagine the Nigeria government funding and even obtaining loans on behalf of Dangote refinery. Same refinery that was built by pass governments that this present useless Nigeria governments(especially that of Buhari) can't even maintain, is what they are now funding and obtaining loans on behalf of Dangote refinery for. Nigeria matter loud

YourNextLevel:
Monopoly man and people are hailing him but they know nothing

Nigeria sorry

Ask yourself why US senate forced Microsoft to split his company.

Nigeria sorry

CharleyBright:


Your foolishness is out of this world.
He would not supply the South fuel because
the south is not part of Nigeria and the refined fuel is meant for the north alone abi?
Am sure in your dumb head the crude dangote will be refinery will be gotten from the north.
Mumu dot com.

ivolt:

You are confused.
How can Nigeria suffer when a "scam" is removed?


Another half-truth.
Nigeria government bought a stake in Dangote's refinery.

proeast:
Hmnn. So, Nigerian government has been funding and even obtaining loans on behalf of Dangote's refinery?

Even now, there is no assurance that it will be completed soon enough. Yet those promoting subsidy removal keep making reference to the refinery.

Is it greediness or what? [b]Why wouldn't Dangote build a smaller refinery and have it completed on time? [/b]He just want it to be referred as the single largest train refinery in the world. SMH.

tunwumi:
Be informed that the refinery is coming on stream third quarter

1stGenAmerican:


The king of industries who is pressuring your government to take out $4 billion in loans in order to complete his refinery?

aminulive:
By Sylvester Audu



https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

abobote:
Nigeria now depends on Dangote for everything

proeast:


If Tinubu is inaugurated as president and he dares remove subsidy, his government will collapse within 6 months.

nairalanda1:
Abeg, make we remove this subsidy

We have a choice. Either subsidy goes, or we keep on paying more and more in debt, or it keeps on rising till it eats a sum that is ten times our national budget.

We better stop making excuses. This should have been done since 1993. We refused to do it, and since then we have effing lost 4 refineries, and are dashing humdreds of people money in the name of siubsidy for nothing.

We better remove subsidy. Now. Or else, we are going to end up losing more money

tunwumi:
Be informed that the refinery is coming on stream third quarter

aminulive:
By Sylvester Audu
https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

prophetfire:
Did you read it at all? Seems they have turned the refinery to another siphoning conduit.

Too many fictional ‘facts’ to deconstruct, but here are the principal ones.

1) The fuel subsidy is not yet ended. It is billed to end in June (IMHO should have been ended decades ago).
2) The project is being financed principally from INTERNAL funds, despite the bank loan of $3.3 billion.
3) The Dangote Group did NOT ask the FG or the NNPC to take a 20 equity stake.
4) Instead, the NNPC decreed it was taking a 20% in Dangote Ref, Waltersmith Ref, and ALL domestic refs.
6) Only about $1billion of the assessed $2.76 billion equity value is in cash, the rest in crude supplies.
7) Equity is NOT paid after completion of a project, it is OWNERSHIP participation in a business.
8 ) Equity stake is NOT a loan. As ownership stake, it is only ”returned” through dividends/distribution of profits, if any.
9) Dangote Group did NOT miss any interest payments (nor default on any of its loans).
10) Rather, the group raised an additional $750m in corporate bonds in March, which was OVERSUBSCRIBED!
11) The project began test-running parts of the refinery in December, in anticipation of 2023 commissioning.
12) According to Bloomberg and S&P reports, the crude distillation unit (the heartbeat) began test-runs in March.

Sadly, there remains rampant functional illiteracy in the Nigerian public space.

Realguyman1:
The kind suffer wey many common Nigerians go suffer after the Nigeria useless government done finally remove this scam called fuel subsidy ehn, nor be here o.

Imagine the Nigeria government funding and even obtaining loans on behalf of Dangote refinery. Same refinery that was built by pass governments that this present useless Nigeria governments(especially that of Buhari) can't even maintain, is what they are now funding and obtaining loans on behalf of Dangote refinery for. Nigeria matter loud

Government officials embezzling the money made for public projects has been the reason Nigeria is where it is today and not because of subsidy. I was hoping that Buhari was going to fix those issues when he became president. But no, the old man rather ended up becaming the worst president Nigeria ever had since existence.

The Nigeria useless government are just
suffering the poor masses for nothing, and what surprises me most is that most Nigerians are even comfortable with the suffering. The pass and present Nigeria head of government knows where the problem of Nigeria is, but they rather prefer suffering the poor masses than fixing it.

Nor be fuel subsidy dey hold Nigeria from developing or making Nigerians not to enjoy those good things the citizens of those advance countries are enjoying, but the embezzlement of public fund by the governments of all sectors in the country. And if those embezzlement don't stop, removing of subsidy or not will not change anything but rather add more suffering upon common Nigerians.

aminulive:
By Sylvester Audu



https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

thatigbogirl4NL:
Nairalander help me call this fraudster.

He scammed me on jiji since 3rd March 2023
2 offices shirt, 1 chinos trouser
And one shoe, size 42.
Imagine trying to survive in this hard Nigeria.
And some1 is out to frustrate me


He absconded. After showing me a fake debit alert 😞
He blocked me all round.
My 22k dey een hand.


Please make una help me tell am say that wares na my sweat. E no easy at all
That N22,000 na a big chunk of my capital,
E don affect my business.

He wore my stuffs for Ramadan celebration

Adinoyi Sadiq is his name
His No. 0704 475 8064
Location: Zuba Abuja

Make una help me greet am
I pray 🙏 as una dey remind am, God go touch een conscience.


I be family woman 👠
I need that money badly 😭😔