Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,196 members, 7,815,170 topics. Date: Thursday, 02 May 2024 at 08:29 AM

Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero - Politics (9) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero (34037 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)

(1) (2) (3) ... (6) (7) (8) (9) (10) (11) (12) ... (14) (Reply) (Go Down)

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by inoki247: 5:50am On Jun 05, 2023
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


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...

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Tekzyflex(m): 5:50am On Jun 05, 2023
richidinho:
Dangote refinery will start work in 2025

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

God bless you. My problem with nigerians is the trust the government so much because of tribal sentiment. I pity the youths

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by rollandben(m): 5:57am On Jun 05, 2023
Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!
You mean pay rise...!
Can the pay rise ease the problem facing the country Think am well na
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 5:57am On Jun 05, 2023
Shuttupp and grow some sense brother, did u pass true school or school passed true u?
Wodu89:
God Bless You Joe. tell them
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by emexc11(m): 5:58am On Jun 05, 2023
Continue ranting rubbish.
He doesn't know what he is saying, u know better and ended up being used as APC e-rat.
We know your antics
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.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by BabaO2: 6:01am On Jun 05, 2023
This olodo partisan Lp/obi representative should be educated that petrol can't be N1000, the worst is what we are experiencing now, dangote has global benchmark to contend with.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by 9jaRealist: 6:03am On Jun 05, 2023
obyno82:
Show us the list of people granted the license. You believe the lies from the Buhari govt

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. tongue
https://www.nairaland.com/6504854/private-refineries-licensed-dpr-full
>

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by ntyce(m): 6:03am 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.

You're the daft one here..
Ask around, Dangote dictates the price of cement.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Dieselman: 6:04am On Jun 05, 2023
HacheNoire:


Oh! So that’s your definition of monopoly?

Marketing strategies have become monopoly.

It means Toyota is monopolizing the world auto industry.
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.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Imoksp(m): 6:04am On Jun 05, 2023
Who needs these? DM me i. Guinness World Records 2022.

ii. Children's Encyclopedia.

iii. Help Your KIDS with Science.

iv. The everything KIDS Science experiments book.

v. Ultimate Visual Dictionary of Science.

vi. Illustrated Medical Dictionary of 5,500 medical terms.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Nahunger(m): 6:07am 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.


Is BUA ALSO BUILDING A REFINERY??
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gimakon2(m): 6:07am On Jun 05, 2023
Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

How many people will get the Pay rise? If the company does not have the resources, he should resign?
Look at how you think and talk.

I am left with questions as to if you bought your University Certificate, this reasoning is ....... United States as a World power nation , still Subsidies fuel, Britain and even Italy. What are you implying?
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by jmoore(m): 6:09am On Jun 05, 2023
OGHENAOGIE:
China is a state capitalist economy Nigeria isn't... Don't compare two different things...
India has government refineries. Una sabi defend una korupt govt.

1 Like

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by gimakon2(m): 6:09am 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.

If ibo man speaks for something, he is Daft, if yoruba man speak for the same thing, he is wise , strong and very knowledgeable.
One Nigeria indeed.
Just by mistake , make una president open Seaport for east, una go live inside una South West states for good, no worry.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Guide777(m): 6:10am 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?

Thie bolded one got me.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Dmama1991: 6:10am 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.

what do common man benefit from government apart from subsidy
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by OGHENAOGIE(m): 6:13am On Jun 05, 2023
jmoore:

India has government refineries. Una sabi defend una korupt govt.
you aren't wise... China and Nigeria nobi same.. in china it's a state run economy... Nigeria isn't... Simple... The govt is Also ur own even if some of u think a loser Obi ll win in court
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 6:13am On Jun 05, 2023
Don't mind the brainless man, ipob terrorist
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.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by OGHENAOGIE(m): 6:14am On Jun 05, 2023
tsdarkside:


what does that got to do with anything....??
didnt you read the part where he wrote china has 38 refineries....??

how many does nigeria has to be blaimin system of governance for this hugh gap....??
don't compare Nigeria and China simple
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Dmama1991: 6:14am On Jun 05, 2023
franchasofficia:
Dangote is scamming Nigerians through Federal Government.



Dangote refinery is not even 70% ready, he hurriedly deceived Buhari to commission it to get more FOREX at CBN rate which is how Aliko Dangote and others like him have been making money off Nigerians.



Dangote will set up big company like oil refinery, cement plant, etc in the guise of helping to grow Nigeria's economy while shortchanging his Nigerian staffs who always resign and move to better firms, and then he hires plenty expatriates and quote high salaries in USD for these idle expatriates he uses as conduit to get dollar from CBN at CBN official rate which he goes to sell at black market rate to make billions.



Dangote Refinery isn't starting PMS refining anytime soon until around 2025 because even the cracker he hurriedly told Indians and Chinese to test run failed.



Are you dumb Nigerians not aware that Dangote applied for Petrol importation license last year and have gotten it? Why is someone building Petrol refinery still applying for PMS importation license and built massive tank farms at Ibeju Lekki?



We know their secrets and that is why they hate us for always exposing and daring them.




Dangote is deceiving you all while FG helps him to make billions off Nigerian people's sufferings and tears. Una eyes go soon clear
u are good

1 Like 1 Share

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Macphenson: 6:14am On Jun 05, 2023
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.

Stop saying whay u dont know about petroleum prices. Go.and make a little research about.OPEC and non.OPEC prices and sales.

If I start bringing out the sensitive information I have about petroleum non OPEC sales, you will marvel. You will u derstand that the greatest scam in this country is that we produce just two million baarrels a day.

Its only on this forum that u will see kids arguing what they have the slightest idea about.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by riverbird: 6:16am On Jun 05, 2023
I saw this coming long time ago...same thing they did with cement during obasanjo's era....and chased away ibeto. As we speak cement is been sold at 4800 while in other African countries the same dangote cement costs less than 3000 naira.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 6:16am On Jun 05, 2023
Either 2025 or 2030, all we know is that Nigeria already has a big refinary owned and maintained by a private.

richidinho:
Dangote refinery will start work in 2025

Forget the lies they are telling you, that refinery is still @ 65% completion
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Upworkwriter007(f): 6:17am On Jun 05, 2023
Wodu89:
God Bless You Joe. tell them
You know that's a lie sha?
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 6:19am On Jun 05, 2023
Even if they understand, but because of religion and ethnicity tribalism, they will choose to bake like dogs and rain insult to their fathers. Too much of hate is in Nigeria blood

Macphenson:


Stop saying whay u dont know about petroleum prices. Go.and make a little research about.OPEC and non.OPEC prices and sales.

If I start bringing out the sensitive information I have about petroleum non OPEC sales, you will marvel. You will u derstand that the greatest scam in this country is that we produce just two million baarrels a day.

Its only on this forum that u will see kids arguing what they have the slightest idea about.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by mod9: 6:20am On Jun 05, 2023
[You need a license to import. Secondly, the APC government sells dollar to dangote at official price while other business
owners hustle for dollar from the parallel market so tell me how they can compete with dangote. quotee author=Flangelo12 post=123577588]

Did government ban importation?[/quote]
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kayode4arch: 6:21am On Jun 05, 2023
Go to those countries and buy and make more profile here now, just spitting out rubbish

riverbird:
I saw this coming long time ago...same thing they did with cement during obasanjo's era....and chased away ibeto. As we speak cement is been sold at 4800 while in other African countries the same dangote cement costs less than 3000 naira.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Truth07: 6:22am On Jun 05, 2023
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
they are working, one of they is very close to my residence
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by nairalanda1(m): 6:25am 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?

Yeah, and I doubt the Chinese sell the fuel they produce from their refineries at a loss. Which is why the refineries can make enough profit to keep themselves running well.

Nigeria, on the other hand, has been, since the 1970's, selling fuel from its refineries at a loss, and then paying a subsidy which barely covers the loss. Result...by 2011, we had lost refining capacity.

Same thing happened in Venezuela. Venezuela had decent refining capacity, then the government started selling at a loss. Result, they lost refining capacity.

The thing is, if you sell what you make at a loss, because subsidy, problems start. Nothing to do with government or whatever.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by kinyoojo: 6:27am On Jun 05, 2023
renderme:

Who asked u to celebrate the government? Reading comprehension.

Governments have no business handling business. Yaradua should have never reversed the sale of the 3 public refineries obasanjo sold. Obasanjo made the right decision - that was good governance. And if you want to compete enter the industry. Nobody is stopping anybody. Just because u don’t have the capacity to does not mean dangote should not venture into the business. Grow up.
I am still waiting for the time that most of us, Nigerians, would allow our brains to work effectively and stop being gullible to the deceit of the wicked and selfish politicians we have in this country.
If Obasanjo had taken a right decision then to sell the refineries, according to you, how many of them did your family buy?
Or are you not a Nigerian?
Please we should stop deceiving ourselves, all these politicians have nothing for the common man. They sold Nigerian assets to themselves. They have gradually put the whole country and the citizens in their pockets and we are still following them blindly.
Shame on all of us.
Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by bssmobile: 6:28am On Jun 05, 2023
Just listen to yourself. In a country where you have well equipped multiple enforcement agencies who could arrest those swallowing the subsidy money.

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.

Re: Dangote's Fuel Monopoly Risks Soaring Petrol Prices - Joe Ajaero by Johnn74: 6:33am On Jun 05, 2023
GeneralPula:

Always try to verify things..

https://www.nairaland.com/7685328/dangote-refinery-begins-operations-amid
Dangote is in Lagos. The poster said BUA refinery in Akwa Ibom is 0.5% completion.That he is still clearing bush shocked at the site of one of Dangote's refinery potential formidable competitor in the private sector.

(Since na crime (organised crime) for government refineries to ever work at full capacity, despite gulping billions of dollars in repairs & maintenance fees annually ))

(1) (2) (3) ... (6) (7) (8) (9) (10) (11) (12) ... (14) (Reply)

El-Rufai Orders Arrest Of Segun Onibiyo Over 'Hate Speech' - Dogara Rabboni / Ogun State: Emerging Industrial Hub Of Nigeria (Pictures) / Obasanjo: 'Gboyega Isiaka Is Next Governor Of Ogun State'

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 53
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.