They asked Dangote about this and even BUA Group...they said they have tried to cut the prices only for the middle men to continue selling it at high prices and keeping the profits so before you blame the conpany... know that an average Nigerian is a corrupt, greedy thief. That means...if you pick 10, you will get 5 or more at least that fit the narrative.

thisisit:
THIS IS BAD NEWS FOR NIGERIANS?

THE PRICE OF DANGOTE CEMENT IS HIGHER IN NIGERIA THAN DANGOTE CEMENT IN GHANA.

PREDICTABLY THE PRICE OF DANGOTE PETROL WILL ALSO BE HIGHER IN NIGERIA THAN IMPORTED PETROL

Asquare84:


It just enemy of progress cooking such write up

Hope so

ogascomax:


I can bet any amount that refinery won't work even 3 months after this commissioning. Now it is not because I don't want this solution but it's due to this government deceit and antecedence I am saying this.

It's definitely going to work. It is already working, the urea plant is making Fertilizer already.

Oseniwaje:
Oga dangote need to have an NGO to give back to the country that has contributed so much to his proceeds like Many big names in Nigeria and around the globe

Simple check on Dangote.com would've prevented this your ignorance

richmond500:
it's a private company, they can't steal Dangote's oil

E say na dangote oil

Charisma01:


Continue being decieved. Who annouced to you that landing cost is N502.
Those guys at NNPC are just milking this country dry.
NNPC is the sole importer of petroleum products so who is it paying subsidy to?
Since 1999 our govt has been removing a never ending subsidy.

Only if you know how it really works
There is actually subsidy,even though its benefits isn't advantageous.
The subsidy is paid to the oil marketers for commuting oil in order to subsidize the price for consumer.
Ever wonder how those oil marketers invest lots of money to build filling stations ?
Their profits doesn't only come from the gains of selling oil products but also from subsidy and price hike when there is shortage of oil.

arantess:

E say na dangote oil

na u get the refinery?

yinkus6750:
Waooohhh
Finally, Dangote refinery is ready.
PMB wants to take glory for it, hence ensuring he commissions it before leaving office.
Hope they will start refining immediately after commissioning?
How will it's functioning affect subsidy and petrol price?

It's not actually fully ready...
Just a compelled fast forwarded commissioning to put Bubu name on the stone...
Only the Petrochemical plant is fully ready now...

yinkus6750:
Waooohhh
Finally, Dangote refinery is ready.
PMB wants to take glory for it, hence ensuring he commissions it before leaving office.
Hope they will start refining immediately after commissioning?
How will it's functioning affect subsidy and petrol price?

If he is refining all the petrol we consume, it simply means we will not be paying huge dollars to theives, thus crashing the rate of the dollar. I am also certain buying petrol from a Nigerian refinery will be cheaper for us than buying from another continent, it will imply cheaper rate for us, hopefully.

This will scatter the business of those who are smuggling our petrol to benin republic.

Oseniwaje:
Oga dangote need to have an NGO to give back to the country that has contributed so much to his proceeds like Many big names in Nigeria and around the globe

He already has, it's called "Aliko Dangote Foundation"

This Dangote refinery,is it a private own refinery or government owned cos I didn't actually understand.

yinkus6750:
Waooohhh
Finally, Dangote refinery is ready.
PMB wants to take glory for it, hence ensuring he commissions it before leaving office.
Hope they will start refining immediately after commissioning?
How will it's functioning affect subsidy and petrol price?

a refinery that is not ready in the next 24 months is what this government is going to inaugurate just to make name on private property

>

Oseniwaje:
Oga dangote need to have an NGO to give back to the country that has contributed so much to his proceeds like Many big names in Nigeria and around the globe

And you think he doesn’t have? You must be a slow poke to speak before doing your research

Feintline:
Inaugurate anything you want to but do not inaugurate an unconstitutional president.
That will be destroying the fabrics of our nation and democracy.

You rain curses on Buhari for the last eight years, calling Nigeria a failed country, a zoo ran by a non democratic military ruler! Now, seeing that another leader you don’t like is coming, the previous state has suddenly becomes that fabric of democracy… hmm na for you ppl o!

Eniitankorede:




Share the evidence with us.

I do not have it with me

Make your own research

Idiot, what has Obidients got to do with his post?

This is great news...

Let buhari not touch that refinary with his failure infested hands ooo. Let him just be going... He have tried...☹️☹️☹️

Oseniwaje:
Oga dangote need to have an NGO to give back to the country that has contributed so much to his proceeds like Many big names in Nigeria and around the globe

He has the highly laudable Dangote Foundation doing outstanding CSR activities in Nigeria.

AbuAeesha:

Only if you know how it really works
There is actually subsidy,even though its benefits isn't advantageous.
The subsidy is paid to the oil marketers for commuting oil in order to subsidize the price for consumer.
Ever wonder how those oil marketers invest lots of money to build filling stations ?
Their profits doesn't only come from the gains of selling oil products but also from subsidy and price hike when there is shortage of oil.

I agree with you to an extent but this is an organized crime. See how they intentionally keep the refineries shut so as to keep claiming subsidy

How many times, den wan inaugurate this project?

nairalanda1:


No it is not because subsidy means one thing...the price of fuel is set below the production price.

Here is how subsidy works in Nigeria.

In 2011....price of fuel was N65, landing cost was N99.

By 2022, price of fuel was N186, landing cost was....N502.

Note that the difference bewtween the two is what covers for subsidy. Now add the fact that fuel consumption has risen between 2011 and 2022, plus the source of income to pay subsidy has fallen due to poor oil revenue over the 11 years, plus mass smuggling puts pressure on the subsidy money, and then NNPC has been forced by Buhari since 2016 to do much of the subsidising.

At the end, it means larger debt, loss of money and so forth.

You that is supporting subsidy, you won't like it if government did the same thing to your business to help the poor.

It is also for the above that we have bad refineries. When subsidy started, we had 2 working refineries, today we have 4 bad ones.

Even with local production, the problem still remains that local producers need to make a profit to keep refineries running well..and they cannot do that with subsidy.

But the Buhari once said that there is no subsidy. Where did the subsidy surface from?

yinkus6750:
Waooohhh
Finally, Dangote refinery is ready.
PMB wants to take glory for it, hence ensuring he commissions it before leaving office.
Hope they will start refining immediately after commissioning?
How will it's functioning affect subsidy and petrol price?

[b][/b]

nairalanda1:


Yes, they are dead because to revive them requires the lifting of fuel subsidy, so that the refineries can earn the profit needed to fix themselves.

Thank you for that answer.

MasterJayJay:
Buhari is the minister of petroleum. Warri, Portharcourt and Kaduna refineries are under his domain but they are all dead. He is commissioning a private refinery while the government owed ones are nothing to write home about.

Dat is to show d Cluelessness of the functionality of D Bastardized Govt..

Guestlander:


It's definitely going to work. It is already working, the urea plant is making Fertilizer already.

I hope so though I see this government as a very deceitful one. They might just commission to take glory....very deceitful government

2nd niger bridge they inaugurated it's not in use, hope this one will be in use after inauguration

seunmsg:
I hope wasting of petroleum products will also start same day.

😝😝😝

ijustdey:


https://www.thecable.ng/buhari-to-inaugurate-650000bpd-dangote-refinery-may-22/amp

Shame, shame, shame.
Your failure is glory of another person. What will Buhari will be saying during that inauguration that will not be a shame of him that as president of the country and minister of petroleum, our refineries and petroleum subsidies are SCAM !

Just like 2nd Niger Bridge,

They hastely commissioned it ,

Then closed it immediately after.

Of course idiotssss will will term me IPOB because I said it .

I am what I am.