lexylaw40:
all our three Refineries will be commissioned before the end of 2023

ceejay80s:
I will only say thank u when a litre of fuel is 65naira per litre

flexyrule:
You underestimate these people.

You think Nigeria won't be borrowing even if they had a way of saving 10 trillion?

How much is even 10 trillion that these people can't embezzle?

Dey Play!

Officialgarri:
When you are serious with business and the FG knows there's benefit for the government, then they will hastily render help.

But children of hate and poverty stricken people will begin to lay curse on a wealthy man and scream monopoly.

Bluntemperor:


The is nothing good in NNPC,as they failed in all aspects to make Nigerians happy since independence! So, acquiring 20% stake in Dangote is a forced arrangements to make them relevant to their past failures!
The New Govt should desolved the Company and ask their Directors to account for their Non- performance!
Imagine,how ARAMCO- Saudi-Arabia is now the biggest Oil Industry in the World,with solid revenues and profit making! How can NNPC that failed to make Refineries workable be talking about Dangote Refineries and on what ground of competence?
Up till today,Nigerians are suffering in Fuel Supply,Deissel, Aviation Fuel,Black Oil,etc.- imagine the employments that ought to have been generated to the Nigerian Youths, just because of Corruption in many MIDAS,as they cannot account for the homongous resources at their disposal!
Nonsense!

Biodun556:


No

300,000 barrel Crude oil could be used to produce more than 600,000 barrels of different products

sevenseas:
Always question:

1. Dangote refinery was built on US DOLLAR loan.
2. He has to pay back the loan plus interest in US DOLLAR plus interest. It is no joke the cost jumped from $9B to $19B.
3. He need to earn US DOLLAR and not NAIRA.

Questions:
1. is NNPC selling the 300k crude oil in NAIRA or DOLLAR to Dangote?
note: FG needs to earn more DOLLAR to prevent re-current DOLLAR shortage and beef the Foreign Reserve.

2. or is the 300K crude oil part of the 20% portion of FG on the deal?

2. will Dangote sell the refined products to Nigeria in NAIRA or US DOLLAR?

tnerro1:
When dangote refinery starts working, tinubu should sell off the old refineries to private sector so as there will be competition between refineries, but my fear is that a certain business man hates competition and will do all to remain the sole refinery in Nigeria

samwash:
Does it mean the FG of Nigeria can't build us a refinary? Why depends on a private refinery, do the FG has share in that refinery?
Am yet to understand the jubilation about this Dangote refinery.

talktrue4eva:
Why u no thank buhari.

Officialgarri:
When you are serious with business and the FG knows there's benefit for the government, then they will hastily render help.

But children of hate and poverty stricken people will begin to lay curse on a wealthy man and scream monopoly.

Kirigidi:
But you are willing to channel the same "lazy youths" Niger Delta oil to power the aboki refinery. Time shall tell.

solmusdesigns:




Tinubu happens to be the luckiest President ever

Nigeria spends 6trillion on subsidy yearly

If Dangote Refinery get 300,000 barrels swap deal for Petrol, Gas, Diesel, Jet A1 and Oil

Tinubu would be making an annual savings of 5trillion

Tinubu won't experience fuel scarcity

Tinubu would build our foreign reserves with dollars meant to export crude

Ibeju Lekki Seaport would be the busiest in West Africa, exporting refined petroleum and paying tax to Lagos and FG

Either way you see it Tinubu and Dangote played the game smartly and they are about to cashout forever


In another development, rumors have it Tinubu and other Political class are buying up Lithium ore accross Africa in preparation for green energy




.

flokii:
At what price will Dangote sell the refined products back to Nigeria?.. It should not be like Cement that jumped from about #2600 not too long ago to about #4600 now all because of Dangote's price fixing.

A healthy economy gives room for competition, not monopoly.. Northerners should stop giving Dangote monopoly over 200+ million Nigerians.

The President-elect should review whatever dealings Mele Kyari and the NNPC board had with Dangote, if possible replace them all. We need Government-owned refineries too, not just those of private individuals.

Judolisco:
If dangote Don sight dis stuff for Niger delta now or even ondo state.... He'll save himself some wahala.... But no yawa Sha... It's still better than taking it abroad and bringing it back to sell for us... No be juju bdat?

peekspot:


https://www.thecable.ng/nnpc-to-supply-300000-barrels-of-crude-to-dangote-refinery/amp

Lukuluku69:
Good one.

That means the Refinery won't still operate at Full Capacity for sometimes. 300,000 Barrels still fall short of the 600,000 Barrel installed Capacity.

But we start somewhere .

Good one. But Alhaji, the Nigeria Market first!

owiko:
I hope the Nigerian factor won't apply, where thousands of barrels of oil would go missing during refining process, with no one to account for it? The refinary poses as a relief of some sort to the economy

flexyrule:
But it is safe to drill oil in the Niger Delta?

sevenseas:
Always question:

1. Dangote refinery was built on US DOLLAR loan.
2. He has to pay back the loan plus interest in US DOLLAR plus interest. It is no joke the cost jumped from $9B to $19B.
3. He need to earn US DOLLAR and not NAIRA.

Questions:
1. is NNPC selling the 300k crude oil in NAIRA or DOLLAR to Dangote?
note: FG needs to earn more DOLLAR to prevent re-current DOLLAR shortage and beef the Foreign Reserve.

2. or is the 300K crude oil part of the 20% portion of FG on the deal?

2. will Dangote sell the refined products to Nigeria in NAIRA or US DOLLAR?

ElijahIme1992:
No Sir, in a mega project like dat, after building there is a testing phase, this is to see how the stuff built will respond to different stress and performance, this testing phase helps ensure that errors not seen are corrected, so even if the refinery was built to take 600k barrels, they need to start gradually and assess.. Let me shock dat it may take dat refinery btw 2-3 years to run on its full capacity.

johnjose68:


Some people will not be happy about this.

They want bad news so they can score a point.

diplomat058:
OK oo. Would it be at full consideration, given that NNPC already acquired a 20% stake and qualifies as an associate?