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

Please kindly be the second supplier, nobody stops you.

obyno82:


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

You're the one that needs to shut up are other brand doing promo to entice dere seller or is just you guys bitterness as always...

obyno82:


You are telling by a simple promo store owners he makes them have more dangote products in their stores? Oga if you don't know anything just shut up

Is what I know if you want to keep chasing shadows let other brand too start similar method you don't encourage seller nd u expecting magic...


Wheny friend started is cement selling I know how Dangote gave him Tampolin nd chair so u guys should rest with ur hatred is easy to setup Dangote cement stores than the other brand...

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?

Can you compare China to Nigeria both in governance and any other indices?

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.

please, where is BUA building his refinery? Which state?

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

More suppliers will never come until the full deregulation of the Sector which the removal of subsidy aims at taking care of.So NLC should embrace the removal ASAP

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 are the one daft here

Dieselman:
oga any firm controlling more than 50% of the products in an industry is said to be a monopoly.

There are no absolute monopolies in the world but percentage of market shares is used to measure is used to measure the degree of monopoly in any industry in an economy.

When few firms are the only players in an industry, they tend to form a cartel where they decide the price and quantity of their products to be made available.

There’s actually monopoly in our cement industry. Dangote controls More than 60% of the market share.

Okay, so because of the availability of competitive players, the company controlling over 60% market shares is to blame?

So we can say by your judgement that Microsoft is a monopoly cos it controls over 60% market share of computer OS, and he is to blame for controlling such.

Heybeedee:


Mr man bring it lets hear and dissect that info u believe its exclusive lol

The simplest thing u would have done to cure ignorance is to read up OPEC and non OPEC prices and sales in crude oil.

Thats how to cure ignorance and by extension foolishess.

Bye.

inoki247:



Is what I know if you want to keep chasing shadows let other brand too start similar method you don't encourage seller nd u expecting magic...


Wheny friend started is cement selling I know how Dangote gave him Tampolin nd chair so u guys should rest with ur hatred is easy to setup Dangote cement stores than the other brand...

Oga you are a terrible liar. Your stories are hard to stick only drunks can believe this. Have conscience and stop supporting evil for the crumbs you are paid from.

inoki247:



You're the one that needs to shut up are other brand doing promo to entice dere seller or is just you guys bitterness as always...

Oga just shut up abeg you are not speaking in sensible ways.

SmartyPants:


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.

Chai it will not be better for the person that did this to you. Go and read from Investopedia what hostile takeover means.

obyno82:


Oga you are a terrible liar. Your stories are hard to stick only drunks can believe this. Have conscience and stop supporting evil for the crumbs you are paid from.

Continue with the tears go apply to be a Dangote distributor first and come back to challenge me ..

kayode4arch:
Even if they give the affairs of the government to u and ur family, the results will be worser than we see it now, since for the past 50+yrs now, government unable to have a meaningful working refinary, but u are here spitting trash 🗑️ from ur dirty mouth, pls go get some Olosho and alcohol to cool ur bigot brain 🧠 down brother. Peace ✌️🕊️ I stand for,,,,

You lack decorum and you don't deserve to be allowed in public spaces

ba7man:
People that talk like this don't pay tax.

How does this correlate with my comment?

Many of you are just plain fools

nairalanda1:


1.Qatar produces 1.8 million barrels of crude a day and shares it among 1.2 million people.

2. UAE produces 2.2 million barrels of crude a day and shares it among 15 million people.

3.Saudi produces 10 million barrels of crude a day and shares it among 40 million people.

4.Nigeria...produces 1.8million barrels of crude a day and shares it (the revenue from the oil) among 220 MILLION people.

We produce the same amount of crude as Qatar and have to share it among .......200 times the population.

That's why we are poor. The per capita oil wealth is too low to make us a rich nation....which is why we got to diversify this economy self.

We haven’t even done 1.8mln in like 4 years now, since Covid.

skj1377:
Your kind of thinking is what got us to this mess. The crude belongs to Nigeria as such Nigerians don't have to buy it at international price. The actual cost of extracting crude can't be more than $8 while the cost of refining the crude and profit per liter is $0.023 . In other words a litre of fuel in Nigeria should be N20. The reason cost of petrol is this expensive is because of the exchange rate N460 . At an exchange rate of N127 petrol will be much cheaper. The question is why is our exchange rate so poor and the answer is because we use 70% to import fuel in dollars there by leading to a scarcity of the remaining dollars to meet other importer requirements @N460. This lead to a harmonious price of N745 as a balance between the demand and supply . So N550 is still not a final price of petrol as NNPC is the sole importer because the marketers will have to source the dollar at @N745 which unfortunately is the price dollar is available . At such an exchange rate petrol will be N1100 per liter. Don't forget with each request to import at N745 the Naira keeps loosing value something like this N745, N780, N850, N950, N1000............etc the reason for that is also because Nigeria is import dependent and NNPC is the largest foreign exchange earner. The solution to all this is to fabricate local refinaries and produce the petrol locally while exporting extra refined products to earn additional foreign exchange. If we do this the Naira will appreciate to say N80 to $ . Local fabrication means 90% of the maintenance cost will be in Naira so no need to look for dollar for that.

Cost of finding, developing and producing crude oil in Nigeria is about $30 to $40

ambale:


How does this correlate with my comment?

Many of you are just plain fools

"Blah blah making excuses for a govt you pay heavy taxes to"......... which mumu heavy tax you dey pay govt?

Peeps like you just be generating delusions of paying heavy taxes out of your butt hole to justify mindless criticism of govt.

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🤣

no govt cannot anywhere in the world
Govt is useless
Private is better everytime

Dotherightthing:
Rubbish!
Subsidy is gone!!
Ask for pay rise!!!

Will Cleaners and Security also receive pay rise . Are you aware that So many States are not paying the #33,000 minimum wage?

ba7man:
"Blah blah making excuses for a govt you pay heavy taxes to"......... which mumu heavy tax you dey pay govt?

Peeps like you just be generating delusions of paying heavy taxes out of your butt hole to justify mindless criticism of govt.

It is either you lack sense or it is far away from you

If government have no business in the development of a nation, why then do we elect these leaders

You are fool for the umpteenth time sha

Cromagnon:
no govt cannot anywhere in the world
Govt is useless
Private is better every time

Of course private owners are business/profit oriented while governments are just for social benefits

But that should not mean we shouldn't hold them responsible for dragging the country down for too long

ambale:


It is either you lack sense or it is far away from you

If government have no business in the development of a nation, why then do we elect these leaders

You are fool for the umpteenth time sha

Shut up!!!!

Which mumu heavy tax you dey pay??

Na people wey no dey pay tax dey talk like you.

ba7man:
Shut up!!!!

Which mumu heavy tax you dey pay??

Na people wey no dey pay tax dey talk like you.

Who's this idiot sef?

Shey na only me go pay tax ni

Werey somebori

ambale:


Who's this idiot sef?

Shey na only me go pay tax ni

Werey somebori

Which mumu heavy tax have you paid in you life to Nigerian govt that you're talking about here?

Are you Iyabo Ojo??

ambale:


Of course private owners are business/profit oriented while governments are just for social benefits

Govt is not for suicidal benefit
It's for power and living large
But they know you will rebuilt if they say that
So they say it's for public benefit
What have you benefited

But that should not mean we shouldn't hold them responsible for dragging the country down for too long

how has private dragged the country
Only govt can drag a country
Cos only they carry guns
You cans drag unless you have a minot of violence
That does not exist in private sector
Na fire for fire
Demand and supply

obyno82:
Oga that refinery is not ready and has not started receiving crude.

Abegi, what part of “let’s wait and see” are you struggling with?
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