NinjaMetahuman:
there is also imported fuel.

If they ban importation of fuel, then that's when you should be worried about dangote.

Don’t mind those oblivious things, they are still allowed to import fuel, & they are shouting monopoly?

Naive Zombies, they want to be import subsidized fuel, but still still expect local refineries to compete?

Senseless Goats 🐐.

Then, build your own refinery !!!

OfoIgbo:


Peter Obi never mentioned N100. I did
Peter Obi proposed that before fuel subsidy is removed
1. There has to be wide and extensive consultation with organised labour
2. That he will grant licences to those who are are ready to set up modular refineries including those that are currently refining illegally.

These two points would have helped calm nerves and ensure that the organised labour has an input in the new reality.

Tinubu did none of those. He just went on air to say SUBSIDY GONE, without consulting with the organised labour, nor ensuring there is an alternative affordable source of petrol. This is the height of incompetence

You're right that he should have done extensive consultation.

But, I will never agree to giving licences to those doing illegal refineries.

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

Some of you screaming "subsidy is gone" don't know the level of Wickedness that is coming through it. It used to be oil marketer running the show but dangote and his cronies are about to take over. In both we are loosing. There's nothing transparent about this refinery and it will not favor Nigerians. Just like cement, we might end up paying more for fuel than the entire europe

AareGaa:


You're right that he should have done extensive consultation.

But, I will never agree to giving licences to those doing illegal refineries.

Those doing illegal refining are usually locals from oil producing communities, who have been virtually shut out of the highly lucrative sectors of a resource that is underneath their feet.

Peter Obi is indirectly talking about empowering people in oil producing communities. They are not just good for being security men for oil concerns that have been granted to Fulani businessmen.

So Peter Obi is well in order.

The two points Obi mentioned are very legit

Wodu89:
God Bless You Joe. tell them

So Dangote should shut his own plant because no body risked their investment in such a sector..

You don't reason well .

The only reason why no company ever invested in a refinery in Nigeria is because 9f subsidies.. Dangote took that risk.

Most modular refineries are built to process crude to diesel and other products that are not subsidized..

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.

You must remember that he is an Iboman. So, he's overtly partisan. When you're partisan partisan, your reasoning works all wisdom, all knowledge, all logic and all available facts .

This is their overall objective

The 1% Nigerians versus the 99% Nigerians

Poor Nigerians cannot build or own a house anymore

As it stands now, poor Nigerians may not be able to own & drive vehicles anymore. Unfortunately, they might not be able to afford public transport.
But this is the #Change that was promised in 2015

fergie001:

https://www.youtube.com/watch?v=k1Y8BYReoas

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

Ok

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.

You must remember that he is an Iboman. So, he's overtly partisan. When you're partisan partisan, your reasoning works all wisdom, all knowledge, all logic and all available facts .

flokii:
I believe President Tinubu won't allow such... the man is pro-Nigeria and monopoly in whatsoever form is anti-Nigeria and anti-people.

Someone that monopolized an entire state and it's public market with regards to dues collection....

adecz:




No matter the "mess" our refineries were
at, at least they were all working, albeit in
a reduced capacity and meeting part of
our needs and creating employment up till
around 2016.

They were not meeting our needs at all, and even the part of our needs was very small...by 2010 we were importing over 80% of our petrol needs...and that's an underestimate.

You sell petrol at a low price, refineries operate badly as a result.

Refineries have to operate at a profit, or you earn far more than enough to pay for them to operate well. Both things Nigeria was not doing.

Why did they now become comatose
under Buhari as Minister for Petroleum
and also president❓Instead of concentrating
in fixing our refineries, Buhari and
Kyari were giving free money to Dangote
through the back door to complete his
refinery

What free money?

First the funding for Dangote refinery came in the form of loans. Even the CBN governor that gave him money...it was in the form of a loan in naira....that was supposed to be paid back...and the same CBN governor has confirmed that the loan is being paid back.

No free money. Our government is useless, but not that useless..

Again, the refineries were severely depreciating before Buhari came along. The thing Buhari could have done was deregulate in 2015...and by now we would have had working refineries. Instead he kept the subsidy, and the damage continued.

The thing is, operate at a loss, losses result.

Everything about the Petroleum industry
is controlled by Northerners, same as
anything that involves the wealth and security
Nigeria. They are all in Northern Muslim
hands.

That hasn't stopped Southerners from getting involved in the petroleum industry...from extraction to sale of oil.

And a lot of Southerners too have licensees to build refineries. That they have not built them is because of subsidy. Subsidy would make them operate at a loss. Even then some have built some refineries.

Ports Authority, one northerner gets
removed by corruption and is replaced
by another Northerner.

Irrelevant to the discussion.

Any sector that Dangote takes over, be
sure that price of his product will become
unaffordable to the common man.
Dangote entered cement and cement
went from 1k to 5k. He entered fertilizer
and it went from 6k to 30k per bag.
He is now in Petroleum and litre I'd now
from 190 to 600. If he enter garri, all of
us go run to Ghana or Cameroon.😕😕😕

[/quote]

And the same Dangote operates in an environment where he is competing on a global scale. That means paying workers good enough salaries so that they do not japa, paying heavy taxes at federal and state level, and paying for power...because, as you know, electricity is not stable enough.

Plus a sign of a good economy is not everything is cheap. Things cost money.

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

If you must remove subsidy(revenue expenditure) to increase salary(revenue expenditure), then why remove subsidy?

Savings on subsidy must be spent on infrastructure and an efficient mass transit system.(Capital expenditure)

Salary increase without corresponding increase in productivity, is very senseless!!

Wodu89:
God Bless You Joe. tell them

And God bless you too bro. Tinubu cannot control Nigeria like Lagos State.

This is oshiomole type of bravery when he was NLC president before he.... Abeg complete am for me

obyno82:


In what way will they deal with him?

he go cry tire in jail....
you think tinubu is stvpid to execute something that others were scared to do....??

he knows the nigerian police force is much better now than before....

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

What about workers not employed by government, what happened to them? The high prices on goods and services is becoming unbearable. The price should be reversed immediately and plans put on ground to cushion the effects of the removal.

SmartyPants:


How can someone forcefully acquire privately held companies?

Heard of a hostil takeover?

inoki247:



I'm arguing with fact oga na u make u shut up u ask how come Dangote have Alot of stores are other mafacturers doin Promo to encourage dere seller like Dangote....


With just two Pallet u can qualify to win a complete Dangote Cement Container u can use to start selling in large quantities....


Still you cry around calling him monopoly when he keeps doing different promo to stay in Market...


And still other Cement cost pass Dangote wey u dey shout Monopoly go to any store ask for Dangote price and Bua price nd see if Dangote isn't cheaper...

Oga you are not arguing with facts. Just try and shut up abeg

9jaRealist:


Dude, my ego is not fragile to start churlishly trying to “win” Internet arguments or trying to “prove” myself to anonymous folks on a discussion forum, but suffice it to state that my knowledge does not rely on “a friend that works there”!

Test-runs for several part of the refinery began late last year and test-runs of the Crude Distillation Unit began in or about March of this year. Refined petrol from the plant should be hitting the market by Q3 (probably no later than this August).

Like the other dude said above…
LET’S JUST WAIT AND SEE (and then we can revisit this discourse)!! SMH
>

Oga that refinery is not ready and has not started receiving crude.

Like cement where the motherfucker was dashed a monopoly, yet it was not enough for him. Despite the enormous support from FG & a large market, he couldn't even make the top 10 richest man, now he was PMS monopoly. We must stop the same thing happening on refined products. After Buhari & Emiefele emptied our Foreign reserve for this man, this drug mule want to dash him free monopoly over Petroleum refining.

Those region that likes suffer suffer can continue with subsidy removal, while the progressive and more accountable regions can have their subsidy or palliatives to cushion its effects! SE, SS, NC has choose.

fergie001:

https://www.youtube.com/watch?v=k1Y8BYReoas

I don dey fall for this Ajaero guy o, if na Ayuba Wabba now, he for don back out.

obyno82:


Heard of a hostil takeover?

Lol. How can privately held company be taken over in a hostile takeover?

Face the business you understand please.

As a trained Chemist, who later ventured into global business, i know it doesn't take much to fractionally separate the components of crude oil. All that is needed is temperature regulation, collection points & optional, a catalyst, when refining at modular or small scale levels. That is why what appears to be difficult to engineers & prof handling Nigerian Refineries at Warri, Ph & Kaduna is easy meat for barely educated guys at the creek!

If you did high school chemistry and was serious about practical's, you'd understand what i am saying! All these stuffs are based on high school physics or chemistry. I know a lot of folks shutting remove subsidy because their drug mule is in support of it were smoking ganga as at then, no wonder they feel Dangote did a lot of stuffs.

That is why it was easy for the Biafra secessionists to indigenously design, manufacture unguided rockets as far back as 1968, modify capsule detonators, build an airstrip capable of receiving international flights, refine crude explore from Oguta lake areas, even the Americans & Soviets were not even technologically sharp on the Guided part of a Rocket as at then....

What stops the FG from giving them free Design Templates & areas to site their plants... small scale plants that would refine at most one thousand barrels of crude per day..... the price of PMS, Diesel would nose dive..... These was what NDDC was supposed to be lobbying and charting a course for, but when a thief or drug mule has the opportunity to recruit, guess who he's going to bring in? A fellow drug peddler or thief........ Chief of Staff to the place holder comes to mind: BOTH CONVICTS IN USA! Lol

These are some of the stuffs HE Peter Obi is coming to implement, so expect the old thieves to regroup and try to frustrate his ascension as President Fedral Republic of Nigeria within the next 9 months.

OfoIgbo:


Those doing illegal refining are usually locals from oil producing communities, who have been virtually shut out of the highly lucrative sectors of a resource that is underneath their feet.

Peter Obi is indirectly talking about empowering people in oil producing communities. They are not just good for being security men for oil concerns that have been granted to Fulani businessmen.

So Peter Obi is well in order.

The two points Obi mentioned are very legit

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?

You sound wise, but you're foolish. Comparing oranges and Apples.

1) What type of government is practiced in China?
2) The world over, its been agreed that governments are general wasteful and should not run businesses.

I know that your occupation is to use your mouth to run down Nigeria. Continue.

richidinho:


The BUA refinery in Akwa Ibom is only 0.5% completion

They are still clearing bush where it will be cited

You're too wicked 😂😂😂

OfoIgbo:


Answer my question. Are those modular refineries licensed by Buhari operational?

The answer is a deafening NO. So why remove subsidy when this critical game changer is not yet in place?

Obi is head and shoulders better than Tinubu as an administrator.

So it most licensed by Buhari before removing subsidy

SmartyPants:


Lol. How can privately held company be taken over in a hostile takeover?

Face the business you understand please.

Dud you are really exhibiting ignorance in HD walahi. Go and read hostile takeovers dude

obyno82:


Dud you are really exhibiting ignorance in HD walahi. Go and read hostile takeovers dude

Who is your dude? Young man go and have a seat. I don't have time to explain anything to you beyond this:

Privately held companies are different from publicly held companies. In a privately held company, ownership is nearly always completely vested in board members. Ergo a hostile takeover is not possible. Any takeover would have to be by consent.


Bye.

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.

I will answer your question so you can be educated . Dangote cement has the majority market share for cement in Nigeria . As it stands today , he has 60 percent of the cement market share . So he has a grip on the market . He can decide to reduce his prices and sell at cost price to kill off competition and increase his market share . With this he controls price . If he says today that cement is 5,000 naira , others have to follow . If he he drops it to 3000, others have to follow or else they will lose their small market share .
That is unfair market advantage and monopolistic behaviour .

He did it with Dangote sugar too . So imagine being the first in the refinery business too . He will do same . Importers will not be able to match his prices and he will kill them all off because he has the advantage of producing locally . Just wait and see what he will do .
While I don’t blame him for this , afterall he is a businessman and he must satisfy his investors , i blame the government for not providing a level playing field for others to thrive .

Note: other west African countries are preventing him from selling his cement because of his monopolistic tendencies

richidinho:
Dangote refinery will start work in 2025

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

wehdone!
Dangote Chief Protocol officer