This EWU should be jailed ASAP

Dangote is the only man that turns 500k into
Multi billion dollars

All talks for the books. Like dangote cement is affordable.

This man never understand say he will soon be jobless

Oof it is not a win for home builders using expensive made in Nigeria cement to buildg houses, this is no different.

sonature1:


Everyone will benefit because it will reduce dollar demand among importers who bring in refined PMS. Nobody will be using USD to buy refined PMS and its ilk anymore.

When the demand for dollars reduce, its exchange rate against the Naira will tank naturally. Afterwards, the complaints among traders in the market that their goods are costly because dollar is high will naturally die. Now, this is a win for everyone.

PS: Stop arguing if you cannot think out of the box.

Cc. correctguy101

So that banks can sell at higher rates to Abokis and Abokis can sell at highest rates to us.

Ee nii s’ori’re.

linearity:


PMS traders don’t go to the aboki on the street to exchange their dollars, it is that same CBN that give then dollars at the official rate, how would this help the common man? Or are you saying CBN or commercial bank will start selling dollars at the official rate to all Tom, Dick & Harry?

Nigeria external debt profile is the major contributor of the hike in dollar, by next year the amount to service Nigeria debt with current projections would be equal to revenue generated.

Because of our debts and unsustainable economic projects, businesses and people are afraid to store their values and wealth in Naira, because they can lose significant value overnight.

Dangote is not a fool, he is not going to be storing his values and wealth in Naira either.

Look to how Dangote have ran Dangote Cement that have impoverished Nigerians for clues on how he will run his refinery. His goal is not to do charity work in Nigeria, it is to make money.

But the dollars that CBN/FGN used to give to fuel importers at ‘official rate’ as you have said will no longer be given to them at all.

Any revenue from sale of crude oil, in foreign currencies, by our FGN will now be for their own use.

We don’t even want to know what Dangote will do with whatever money he could make from the sale of his refined oil. What we are interested in is the saving the FGN will make on money being spent on fuel importation. And this is the point a lot of people are missing which makes them thinking people are looking up to Dangote to sell at cheaper prices.

Lmao. You'll tell a private businessman how much profit to make.
LMAO.

Infobase101:
Foolish talk. On another person's business. Why didn't you encourage government to build one or to resuscitate the existing one.

All you people know is how to control someone's business.

You see the effect of ignorance. You should research how that refinery was setup. NNPC has a stake in it. CBN invested Nigerian dollars into it. You have google use it.