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.

BOUNTYDOG:


He may have a point
When lafarge BUA et al were competing with him
He slashed the price of cement down to 1k sometin,the competitors wonders how Damgote makes his profit as dey were selling at loss
So dey had to leave the market for him, after they left je hijacked the price back

Dangote is just a business man working for Nigeriàn govt
They invest for him and make sure every decision favors him

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.

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

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.

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

tsdarkside:


soo,nigeria should be usin most of the revenue for subsidy and take loans for other things....

i understand people like you sha....a hungry man is a angry man....
or how does that sayin go again....

toneroforever:
The way Tinubu's people reason makes one understand why Nigeria will take a long time to work.
Tribalism over everything.

nnamdi640:
Money that will be embezzled if they don't use it for subsidy. What happened to all the loan they collected for project, even the money they borrowed for China for locomotive train was also embezzled. Since they refused to put our refineries in order but rush to commission the refinery a single man built, they will continue to pay for subsidy except they want to set the country on fire.

BOUNTYDOG:
He may have a point
When lafarge BUA et al were competing with him
He slashed the price of cement down to 1k sometin,the competitors wonders how Damgote makes his profit as dey were selling at loss
So dey had to leave the market for him, after they left je hijacked the price back

Dangote is just a business man working for Nigeriàn govt
They invest for him and make sure every decision favors him

franchasofficia:
Most of you lack common sense.


Every country in the world subsidize certain things for their citizens to live a great quality life. National money or wealth is not meant for the luxury of the political leaders but for the wellbeing of the entire citizens of a country, same does not apply to Nigeria and the dumb citizens support their oppressors parading themselves as political leaders all because they come from their tribe or religion.



Let me educate you, if petrol subsidy have outlived its usefulness in Nigeria and Nigerians have collectively agreed to let it go, then the government must start a wide consultation and carry out honest feasibility studies on how to gradually phase out the subsidy regime within a stipulated timeframe to ensure the impact doesn't weigh the citizens down.



You don't just wake up and remove petrol subsidy without rolling out real palliatives and creating environment that will absorb most of the hardship that will come with subsidy removal.



First, increase worker's minimum wage. The minimum wage in the US is around $2,000 or so and petrol is sold at 350 naira per liter in the US, but minimum wage in Nigeria is around $65 and petrol now sells at 550 to 650 naira in Nigeria and you are here blabbing that Nigerians should buy petrol at international price when they don't earn at international wage.



Before you remove subsidy on petrol, map out say a 6month phasing out process. Before then, add lanes for bicycles in key Nigerian city roads, buy bicycles, electric powered scooters and sell to Nigerians at subsidized price of say 60%. Make it available through LGAs, CDAs, Churches, Mosques, Private Organizations, Community leaders/Chiefs, etc.



Work on power supply and ensure major cities are getting at least 12hrs electricity supply in a day to reduce household and business consumption of petrol.


Roll out buses, coasters, etc to ferry Nigerian workers and market people at subsidized fare.



Invest hugely on solar energy, inverters, etc and push to rural areas and farm settlements.


Issue refinery licensed to more industrialists and give them timeframe they must start operation or it will be withdrawn.


Issue petrol import license to more importers to bring in petrol at competitive price pending when local refineries start full production.



And then you can remove 50% first phase and observe the impact for 2 months then 70% for another 2 months and 100% the next 2 months and in 6 months you have completely removed the petrol subsidy with less negative impact on the citizens and the economy

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.

BOUNTYDOG:


He may have a point
When lafarge BUA et al were competing with him
He slashed the price of cement down to 1k sometin,the competitors wonders how Damgote makes his profit as dey were selling at loss
So dey had to leave the market for him, after they left je hijacked the price back

Dangote is just a business man working for Nigeriàn govt
They invest for him and make sure every decision favors him

plaindealer:
As it stands, tens of thousands of Nigerians are employed by the Dangote refinery complex and over two hundred thousand Nigerian workers are st to be employed by the refinery complect when it's fully up and running, on top of the massive and positive economic collateral effects via the industrial end users of the ammonia and petrochemical raw materials, even the immense IGR sees nothing but his self induced and blurred partisan vision of monopoly.

Is it also a monopoly that Dangote is the largest employer of labor in the private sector, or this man is saying their paychecks won't put food on the table or the banks won't accept their paychecks because it's from a monopoly?

The NLC's number one concern is the welfare and well-being of Nigerian workers including hundreds of thousands of Dangote workers across the country.

This man and his labor party NLC sat comfortably and quietly during the CBN naira change, they did not say a word, they watch Nigerian workers groan in pain simply because it was all about denying Tinubu the presidency.

No, all of a sudden, they care about the Nigerian workers all because of the same subsidy removal that they saw coming months ago, the same subsidy removal that all the presidential candidates including their own Peter Obi promised to stop immediately.

Fortunately, this man and his destructing, unpatriotic elements and economic saboteurs are on their own, the Nigerian workers are not interested in his anti-Nigerian partisan nonsense.

tsdarkside:


better calm down before police deal with your fvckup....

nnamdi640:
Did you see me saying I will set it on fire, the action he took can set the country on fire, go and read how Arab spring started, then you will understand what I mean. About 70% of Nigerians working day and night can't afford comfortable three square meals and now he want to add to their suffering, I just pity him.

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

HacheNoire:


What fvckin tribalism!

If you want to go that route, tell your kinsmen to rise to the stage!

Dangote is open to competition! Whoever feels he got to the guts should come-up!

The stage is open!

Johnn74:

0,5% conpleted, Seriously?

toneroforever:


I find it very hard to comprehend what u guys really stand for. Should u allow sentiments becloud ur opinions?
Prices of goods and services have skyrocketed as a consequence of subsidy removal.
Now the organized labour is trying to reduce the sufferings of over 92% of Nigerians which u r a part of. NLC is telling the govt to revert to the old price before they can negotiate & u guys are calling them names.
In 2012, Tinubu & co opposed it & as long as the masses profit from it,I have no problems with it.
His party, APC has been in power for 8 years & embezzled billions of dollars meant for refineries' repairs yet u guys never condemned ur criminal lords.

Try & make sense, just sense.
If u involve ur sentiments and emotions,they will betray ur biases & affiliations.

Ezmans:
If evil apc allowed Obasanjo's sale of nigeria refineries to dangote & co and removing of subsidy by Jonathan we could have pass the state we are now

staga:


Labour is not against subsidy removal. Labour is saying that there ought to be palliatives up and running, including the CNG that was promised everyone which I hear wont cost more than N90 per litre.

9jaRealist:


So BUA and LaFarge are now out of the cement business?

Because the last I checked…
BUA has a profitable multi-billion cement business while LaFarge is the world’s largest cement producer.
>

HacheNoire:


Are you a graduate?

Who is setting what on fire?

That a businessman is dominating available space ?

Tell me? I want to listen. What’s your major problem with Dangote?

Please don’t mention Monopoly as I am highly educated and will NEVER welcome such frivolous and baseless excuses.

9jaRealist:


So BUA and LaFarge are now out of the cement business?

Because the last I checkedXff
BUA has a profitable multi-billion cement business while LaFarge is the world’s largest cement producer.
>