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Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero (34027 Views)

Marketers Will Pay Naira For Dangote Fuel, Says IPMAN / Seven Major Marketers Get Approval To Sell Dangote Fuel / Joe Ajaero To Residents: Stock Up Your House, Imo Will Be On Indefinite Lockdow (2) (3) (4)

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Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gabbytabby: 3:01am On Jun 05, 2023
We know you like fighting, you are vindictive and destructive hence why you need to be ignored and contained by people looking to build and lead peaceful lives.

nnamdi640:
We Igbos can't get tired easily, we fought a war for 3 and half years with Nigeria, you should know better that we don't give up easily, beside the people that are already tired are those in Ibadan and Ogun, the other day they were busy lifting theirselves up in filling station fighting to buy fuel

2 Likes

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by 2mch(m): 3:03am On Jun 05, 2023
benqo01:
Forget Ajero,Forget Dangote stop defending the govt,the Nigerian govt is a total failure and deceiving some people here on d issue of not able to get a functioning refinary the bottom line here is d Nigerian govt is so corrupt

Go to other countries like china and see how govt refinary re functioning,see how govt provide the essential amenities for it's citizen to enjoy if govt can't provide Al these then what is the purpose of govt

Am sure we all know d basic functions of govt in a country ask yourself have d Nigerian govt kept to those functions they re supposed to provide?

Stop stop defending the govt.......

When you have a corrupt govt nothing i repeat nothing will work
Do you know how many people China has to kill extra judicially to ensure things are working? They also have a mini dictatorship which ensures continuity. Human nature is greed especially in government when the proper processes are not in place to check such excesses. Government should only deal with administration and not industry. Government job attracts the laziest thieves in society, so give them chance to treasury and they rob everybody blind.

3 Likes

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gare(f): 3:05am On Jun 05, 2023
Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

Can the government match the 300% pay rise with the way fuel prices was increased by 300% ?

We all know and subsidy to be removed not without a plan on how to reduce the suffering of the masses. And do you think the $10B they claim to pay for subsidy would actually be used for infrastructural development or it will still finds it way back into the pockets of the politicians, don't easily get decieved by them except you are also a beneficiary
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Invest4growth: 3:08am On Jun 05, 2023
Then what are the alternatives?
Get your refineries to work
Get the modular arrangements working
Derisk downstream operations to allow more importers
Investigate the subsidy regime
Promote alternative energy that is cost effective and durable
Alternative energy should not be for only the rich
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by nnamdi640: 3:09am On Jun 05, 2023
gabbytabby:
We know you like fighting, you are vindictive and destructive hence why you need to be ignored and contained by people looking to build and lead peaceful lives.

Lol, can you mention the people that want to lead peacefully, you mean to say people that sent out area boys to destroy and place their own person is not voted for or those those that killed 21 youths copers in the just because Gej won 2011 election
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gabbytabby: 3:11am On Jun 05, 2023
Corruption in China comes with a death penalty you would have to vote in a government who wants to go down that route.

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?
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by plaindealer: 3:11am On Jun 05, 2023
The idiotic, anti Nigerian, unpatriotic and economic sabotage strike is Peter Obi's LP induced strike...


..

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Chimaceezee: 3:13am On Jun 05, 2023
fergie001:

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



believe it or not, Everyone will still suffer it
Nigeria needs to work for herself
We need Government refineries active

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by DMerciful(m): 3:14am On Jun 05, 2023
Same thing you guys complain that Igbos are taking over your markets when in actual facf you can't compete! Fixed!
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.

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Mickykarim: 3:17am On Jun 05, 2023
fergie001:

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




LET's HAVE YOUR OWN REFINERY.

Diminutive little brain!

UNPRODUCTIVE PEOPLE!
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by dacool1(m): 3:19am On Jun 05, 2023
kazyhm:


Price of crude is different from price of petroleum products......
OPEC regulate crude production not the price of petroleum products........... don't be arrogant in ignorance.

Let him continue to wallow in his ignorance. OPEC DOES NOT regulate any price. They only try to influence. There are so many players in the energy market that don't belong to OPEC.

If you think subsidy removal will make Nigeria better then you are on your own.

The real questions should be how did the cost of subsidizing petrol for almost 16years of pdp suddenly become something we pay yearly to keep subsidies on.

Nobody should be quoting international prices of energy without comparing the general cost of living, earnings and standard of living.

Let them subsidize Nigerians abeg, let them arrest and prosecute those behind the subsidy scam. Why would over 200million people pay the price for the crimes of less than 50,000 people.

If Nigeria is so broke then let them start with themselves, why will less than 1million people get to enjoy about 25% of the statutory allocations legally and still have access to steal up to 50%.

No stupid increase in wage too. Are you all not tired of this persistent rate of inflation. If you think the government of Nigeria would give you a minimum wage that will buy a bag of rice you are on your own. The moment they increase the minimum wage the cost of every commodity will react to counter the benefits. Why do you think despite the increase in wage people are still poor all over the world. That's because it's the SYSTEM.

Capital punishment should be meted out to public officers who are found guilty of corruption.

Why do ignorant people think competition would drive prices of petrol down and make it cheaper. Haven't you heard of price rings? How much is a litre of LPG, Diesel, kerosene? E Don come down? Why is competition not driving the prices down.

It is the duty of government to regulate prices, there is no market that cannot be manipulated forget all these demand and supply theory, there is a reason why there are abnormal demand and supply curves. All they need do is create a disruption In The normal flow of things and blame it on an event.


How many times will they remove the so called subsidy self. Don't be surprised that after some months or years you will begin to hear subsidies again.

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gabbytabby: 3:19am On Jun 05, 2023
Yea right for adulterated fake petrol that will be damaging peoples car thank you for the usual Igbo solution.

be
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
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by dacool1(m): 3:26am On Jun 05, 2023
gabbytabby:
A 1000naira?. You choose to be pessimistic but we know and trust that dangote is a patriotic Nigerian and has demonstrated this consistently but you Ajaero we know are in cohort with those hoping to destabilise Nigeria because they did not win an election.

25kg cement in the UK is £7.49 so we know we are not being robbed.

We believe that PMS will come down to 400 to 500 due to transportation differential.


Please we are being robbed. Almost anyone can make that money working for ONE hour. How many people make 5000 naira in an hour in Nigeria?

Stop all these biased comparison.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by prophetfire: 3:32am On Jun 05, 2023
Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!
How you reason!! Money for general and massive pay raise and money for subsidy, which one is more expensive?
Remove subsidy, but before then fix the refineries. Dangote could build refinery but an entire government couldn't fix their already built refinery, but went and bought shares in Dangote's refinery and even lent him money to build it.
Don't you have brain in your head to reason?
They're setting the entire nation up for a fleecing because they and Dangote are the owners of the refinery Dangote built.
You arrange monopoly for Dangote and deliberately killed public refineries.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Ofunaofu: 3:32am On Jun 05, 2023
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.

Do you know what is monopoly

Are you aware that Dangote cement controls 65% of the market share, while BUA, Lafarge, Unicem etc struggles with 35%

When a single product is controling more than 25% of the market, that product have monopolize the market

So Ajero is right
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by prophetfire: 3:36am On Jun 05, 2023
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.

You are deceived. Even the "commissioned" Dangote refinery can't start work even next year because it's not yet completed. Not to talk of BUA.
That charade they arranged at Lekki is because Buhari wants to cut tape before he goes. They ve deceived you.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by FireUpNow(m): 3:38am On Jun 05, 2023
Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!
See your mouth like pay rise as if the govt will ba able to increase salary as much as they did to petrolpump price. Are you in this country at all? How many state governors are still complaining of the payment of minimum wage after many years? I said fuel pump price will get to N1000/ltr, one guy here was telling me Nonsense about price mechanism. I just laughed. How can a reason govt announce the removal of fuel subsidy without making necessary plans for palliatives and consultation with relevant bodies? The president made very terrible mistai
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nauttyprof(m): 3:43am On Jun 05, 2023
He has nothing to say anymore. He is sick and foolish.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by plaindealer: 3:43am On Jun 05, 2023
prophetfire:
You are deceived. Even the "commissioned" Dangote refinery can't start work even next year because it's not yet completed. Not to talk of BUA.
That charade they arranged at Lekki is because Buhari wants to cut tape before he goes. They ve deceived you.


Yet, the LP man is crying over a monopoly that doesn't exist as we speak?

Even you sef dey contradict yourself..

2 Likes

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by MondayOsunbor(m): 3:43am On Jun 05, 2023
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.

Nigeria
Borrow trillions and still end up poverty capital
Still we go still pay it back
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nauttyprof(m): 3:45am On Jun 05, 2023
kingsways:
It makes no sense to say market forces will determine price when you have only one supplier in the market

Who is the sole supplier? I don't understand why people just type anyhow.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by emorse(m): 3:46am On Jun 05, 2023
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?
Saudi Aramco is government owned and it's the most profitable venture in recent history.
Rosneft (Russia), National Iranian oil company, China national petroleum corporation and Kuwait petroleum corporation are all owned and profitably run by governments. And that's not even the end of the list. As a matter of fact, governments are in the best position to run businesses as they have access to relatively unlimited resources, the full instrumentality of the law and a near zero risk factor.

We just keep making excuses for our government's ineptitude when we say they can't run businesses. They mess up then pass the brunt onto the ordinary citizen to bear.

1 Like 1 Share

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by prophetfire: 3:48am On Jun 05, 2023
plaindealer:



Yet, the LP man is crying over a monopoly that doesn't exist as we speak?

Even you sef dey contradict yourself..




Yet they're arranging a monopoly for him. Very soon, he would be the sole provider of local petrol for a long time even before other refineries come on board.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nauttyprof(m): 3:49am On Jun 05, 2023
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.

He is only sick with the thought of Peter Obi being the only Messiah for Nigeria. This in itself is foolishness. If Peter Obi was that any special, why didn't Anambra experience that transformation?

This is one question Peter Obi himself has never answered. I used to support the man but I can't because of an individual wish that Nigeria remains stagnant. Nigeria is just the only country we have.

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by victorVIC1(m): 3:51am On Jun 05, 2023
kingsways:
It makes no sense to say market forces will determine price when you have only one supplier in the market

Exactly. This is common sense. I don't understand what market forces they are referring to when there is no competition in the market. I guess people woild only understand when monopoly starts biting hard
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by plaindealer: 3:59am On Jun 05, 2023
prophetfire:
Yet they're arranging a monopoly for him. Very soon, he would be the sole provider of local petrol for a long time even before other refineries come on board.


There are many refineries under construction including already commissioned modular refineries and some are still under construction so exactly how is Dangote a monopoly?

Do, you even know the meaning of monopoly?
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 4:03am On Jun 05, 2023
Who told you guys that goverment doesnt have a hand in business?Where do all the taxes and levies go to?Is that not business?The reason why fuel importation is high is because of demurrage,and various charges impose be the foreign country where the crude oil are refined, various taxes imposed by the nigerian government and kickbacks that officials of goverment extort from oil marketers that make the price go up.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by iLoveYouToo(m): 4:06am On Jun 05, 2023
kingsways:
It makes no sense to say market forces will determine price when you have only one supplier in the market


There can’t be only one supplier, FGN isn’t gonna ban importation of petrol.

My only grouse with the FG is why aren’t the 3 FG owned refineries working?

Why should we wait for Dangote refinery to guarantee supply?

These problems keep pegging us backwards. I understand that hat the new FG has to be steadfast if it wants to end this subsidy menace BUT it has to fix the problems I highlighted.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by prophetfire: 4:07am On Jun 05, 2023
plaindealer:



There are many refineries under construction including already commissioned modular refineries and some are still under construction so exactly how is Dangote a monopoly?

Do, you even know the meaning of monopoly?
Already commissioned modular refineries in Nigeria? Commissioned and they aren't producing to make serious money from a hot cake that is in very huge demand like PMS?
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by NOBLE179(m): 4:08am On Jun 05, 2023
I won't be surprise if it does.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nobody: 4:08am On Jun 05, 2023
Nauttyprof:


He is only sick with the thought of Peter Obi being the only Messiah for Nigeria. This in itself is foolishness. If Peter Obi was that any special, why didn't Anambra experience that transformation?

This is one question Peter Obi himself has never answered. I used to support the man but I can't because of an individual wish that Nigeria remains stagnant. Nigeria is just the only country we have.
it is only peter obi that made his campaign promise.Tinubu never did because he has a personal ambiticiousness.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by OChimex: 4:15am On Jun 05, 2023
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.

Dude he is right, very right. Monopoly or cartel destroy business eliminating competition.
The cement industry is like a cartel, they few guys decide the price and fix it at that.
Cement in Nigeria is the most expensive than in other African countries.
If cement can be imported like every other commodities, cement won’t be above 1k market price.

Go write this down, Dangote as a private business being the only one refining fuel is destructive to business

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