Flangelo12:


Did government ban importation?

obyno82:


And who told you they don't keep stocks? There is a reason why they have storage tanks and tank farms.

renderme:


Normal northphobia propaganda. Oya u guys claim to be business men, enter the essential commodities market and compete na. You want to bring down the ones dt decided to do something.

OfoIgbo:


Are those modular refineries online presently? Because if they are not, just consider them another yahoo-yahoo promise from the Buhari/Tinubu stables.

No wonder Obi is considering issuing those licences to people who are currently refining illegally. At least there's a proof they can refine

Obis proposal remains the best

ambale:


See the excuse you are giving for the failures of the governments you spend heavy taxes to cater for

So government cannot handle simple issues that private owners can and we should celebrate them for that🤣

OfoIgbo:


Peter Obi additionally proposed granting licences to modular refineries. That would have been a game changer as
1. They will be operating in naira
2. The fact that there will be a number of them will automatically guarantee competition with the resultant low price of fuel, perhaps even around the N100 per litre level or less

kingsways:
It makes no sense to say market forces will determine price when you have only one supplier in the market

nairalanda1:
Well, considering that 20 other refining licences were issued the question is, why didn't the other refining licences start work?

The cold reason is because subsidy meant that there won't be profits made from selling the petrol refined at any refinery. It is the main reason why we lost all our NNPC refineries...because we were cutting corners to keep costs low....and by extension subsidy costs low.

Dangote was the only one who took a risk. And he got loans from the banks to do so...because the banks know that in case of failure, they would just take over his businesses and pay themselves their money back. Simple.

The cold fact is that keeping petrol at a cost below the production price is why most of the refinery licence owners...except for the one in Edo, the BUA refinery and a few others, did not start work,

Hopefully, things will change with the refinery coming up.

Reference:


How is he partisan. Is he doing what other labour leaders have not done before.

I am fully for subsidy removals and have been even before principals of this government protested against it years ago but I am also completely for labour's kickback because government must be responsible and held to account.

The battle ground is clear. Trillions of naira will be saved this year and going forward. How this savings will be utilized is what labour and the vast majority of Nigerians knowingly or unknowingly are fighting for.

If it will be put to productive use to reflate the economy, then this country will survive. However if it will be wasted or stolen like we have witnessed this past regime then inflation will bury this country.

So this government had better watch out. It has done the easy part in removing subsidy. What comes next will make it mar it and labour wants to be on top of the situation, to be vigilant, because government simply cannot be trusted with resources.

Left to it's devices no Nigerian government ever does what is right.

And I repeat again without fear of sounding like a broken record.

'Practically the same day Nigerians were called to make a sacrifice of a lifetime government announces that parliamentarians will be receiving a welcome/pension package running into billions of naira', folks widely considered to be overpaid, underworked and certainly not pensionable.

Thus kind of attitude will define this government and will once more make or mar this country.

richidinho:
Dangote refinery will start work in 2025

Forget the lies they are telling you, that refinery is still @ 65% completion

sapele914:
Like Simon Ekpa & Nnamdi Kanu .

Hope ipob allows you to leave your cave today to go buy akpu to munch?

jmoore:

Chinese government owns and operate more than 38 refineries in China.
If your government can't run a business, then they can't run a government too.

Your corrupt politicians sold you a lie that government can't run a business. China that is doing it, do they have extra brains in their heads?

GeneralPula:

Was there Apc during Obasanjo?

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

renderme:


They have already granted licenses to several modular refineries. Don’t argue if you’re not up to date or know nothing about a conversation.

LegendHero:
How is Dangote going to be a monopoly?

The man also spoke about Dangote cement being a monopoly. Is this man so daft? What about Lafarge, BUA, and etc? Are they also owned by Dangote?

So na the man wey dey head NLC be this? It’s obvious he dosen’t even understand what he is saying.

renderme:


Normal northphobia propaganda. Oya u guys claim to be business men, enter the essential commodities market and compete na. You want to bring down the ones dt decided to do something.

9jaRealist:


See the links below….

And this list of 28 does NOT even include the 32 licenses that had expired. SMH
https://punchng.com/bua-27-others-now-have-active-refinery-licences-says-dpr/

https://www.legit.ng/business-economy/1440714-platinum-kainji-full-list-of-46-companies-with-dormant-refinery-licences-in-nigeria/

The official DPR list had apparently been previously discussed here on Nairaland.
https://www.nairaland.com/6504854/private-refineries-licensed-dpr-full
>

LegendHero:
How is Dangote going to be a monopoly?

The man also spoke about Dangote cement being a monopoly. Is this man so daft? What about Lafarge, BUA, and etc? Are they also owned by Dangote?

So na the man wey dey head NLC be this? It’s obvious he dosen’t even understand what he is saying.

chukiz:
Everyone has an opinion, the First thing to do is to kill corruption, as long as we have corrupt president, politicians, the masses are wasting there time, because subsidy or no subsidy politicians will still loot, nobody will shit about it. No stable electricity, no road, no school, no healthcare, absolutely nothing,

My advice is japa Nigeria is a sinking ship, thanks to our politicians.

renderme:
This IMO state guy is just being partisan. Everyone knows BUA will also finish his refinery next year.

What are the other options this country has? Government can’t run any business. All their refineries keep swallowing money & is useless.

Subsidy is a pit that also swallows money wt no benefit for expansion. Subsidy is gone. The goal is increasing states revenue generation and providing a living minimum wage.

richidinho:


The BUA refinery in Akwa Ibom is only 0.5% completion

They are still clearing bush where it will be cited

renderme:
This IMO state guy is just being partisan. Everyone knows BUA will also finish his refinery next year.

What are the other options this country has? Government can’t run any business. All their refineries keep swallowing money & is useless.

Subsidy is a pit that also swallows money wt no benefit for expansion. Subsidy is gone. The goal is increasing states revenue generation and providing a living minimum wage.

adecz:





Buhari simply killed our refineries in
order to make his fellow northern
Muslim takeover the Nigerian oil industry.

He handed Dangote the keys to the
wealth of the Niger Delta.

Southern leaders are too dumb, selfish
and politically naive to understand what I'd
going on.❌❌❌❌❌

N3TRAL:



Prices of Petroleum products are governed by OPEC. As a member state of OPEC , for instance, an oil company in Nigeria should not be selling lower than Saudi Aramco in Saudi Arabia.

The oil prices are fixed by OPEC. They're international. If a barrel of crude oil is 10$, Dangote won't be buying it from Nigeria at $5. He'll be buying it at 10$. When we bring the factors of comparative advantage and the economies of scale, the cost of production in Nigeria should ordinarily be higher.

Dangote's refinery is projected to export its output to African countries and he cannot sell to them below the international prices. The refinery cannot also sell to Nigeria at a lower price because Nigerian smugglers will benefit from such arbitrage system which could see neighboring countries get more supplies than Nigeria as neighboring countries would be getting cheaper fuel from a Nigerian refinery than anywhere else in the world through the backdoor.

If the price from Dangote refinery changes from the price of imported fuel, it would be because of logistic and transportation reasons. Like elimination of the cost of shipping which would mean not more than 30 to 50 naira difference. Dangote's refinery is to improve our balance of payment as a country and prevent a balance of payment deficit but not to make fuel cheaper through another form of subsidy.

---

The NLC chairman is empty and his opinion is not without prejudice.

Warlord2014:
The name Nigeria is a fraud....
If you think the government is not scooping and looting trillions of naira on a yearly bases , you may need to go for sense Implantation.

Look at Qatar , Saudi Arabia and UAE...... What do you think makes them so Rich 'Oil of course '.

This country get money make una leave mata.
Nigeria na the biggest scam in the world.... Make una dey foolish una self dey die on top tribal bigotry for nothing.....

The thing you need to fight against is ending this fraud called Nigeria.... Last time a new government was installed, and many of these trabal bigots clapped and cheered him . But I tell you, this scam don enter lever 5 (you know say 5 stars na the highest anything can get to)

jmoore:

I wrote India and you are talking China. Your own thinking na b@b@blu.

richidinho:


The BUA refinery in Akwa Ibom is only 0.5% completion

They are still clearing bush where it will be cited