obyno82:


Name which companies that are doing fine.

Google is your friend.

I already addressed all of that on this thread.

victorVIC1:


There's a limit to how much these companies can absorb. For a company that has a decline in pre-tax profitability of over 70%. They have to make the difficult decision to retrench inorder to keep the business afloat. Unfortunately, two of my friends in their supply chain unit were affected.

Exactly

Unilever that sold both their Lipton & Detergent factories in Agbara....now they only have their knorr unit...All these are their formalities or an excuse to leave Nigeria. Bye Bye Unilever

NinjaMetahuman:
Google is your friend.

I already addressed all of that on this thread.

Name which one naaaa let us analyse their financials. What are you scared of?

grandstar:


You are again repeating this myth! Don't you people ever listen?

You want them to build refineries? What happened to the existing ones? They've been left moribund.

What do you think will happen to the new ones?

Most importantly, why build refineries? Because you believe it will make locally produced fuel so cheap that there'll be no need for a subsidy.

It is a blatant myth. Meles Kyari has already said refining it locally would make little or no change to the price.i have always known this. Even Dangote has repeatedly said he would sell it at the international price.

No economist has ever said supported the notion of building refineries first. It is is always the layman on the street demanding for it with rhe belief that it will drastically reduce the price of petrol and other refined oils. It won't.

Which bank will lend you $20bn to build refineries in a country where the refined products are subsidized, sold below cost? You want them to lose their money? You think they are the Nigerian government?

Nigeria is broke. There's no money to subsidize fuel again. You contradict yourself by showing 96% of the budget revenue would be spent on debt servicing. So where's the $10bn to subsidize petrol will come from? It will be borrowed, adding to the debt!

A major component ofNigerias present debt is for oil subsidy. It has to stop.

One thing i love about you is your tendency to expose your own lies.

When you were pushing for subsidy removal under the backbencher and subsidywise accounts, you kept arguing that no local manufacturer will like to make loss. You made it sound as if the FG was going to force local refiners to sell at a subsidized rate directly to consumers. Today, you are saying local refining won't make it cheap and that they will sell at Intl price. If that was the case, why not sell at Intl price to FG and have FG do the usual subsidy? You argued that subsidy needed to go. Today it is gone but the same corruption plaguing subsidy won't leave the funds saved alone and we are thus not seeing the gains of its removal. Instead of paying debt they complained of before the unfair removal of subsidy, the FG is suddenly celebrating saving of N1Tr in July 2023 are sharing allocation for the month.

No you have started with the lie about the layman on the streets assuming refining will make it cheaper when we all know abense of local refining involves exporting crude, paying heavy salaries of foreign refiners and importing finished petrol product. The above three factors alone will swell the cost of final petrol to consumers, something local refining will help avoid. From the above, it is clear who you are working for gradually.

Your interests seem perfectly aligned with that of greedy local refiners who want to sell at Intl price not minding that those three extra costs are avoided for local refiners. You and your zombies can fool the majority but not my type.

CodeTemplar:
One thing i love about you is your tendency to expose your own lies.

When you were pushing for subsidy removal under the backbencher and subsidywise accounts, you kept arguing that no local manufacturer will like to make loss. You made it sound as if the FG was going to force local refiners to sell at a subsidized rate directly to consumers. Today, you are saying local refining won't make it cheap and that they will sell at Intl price. If that was the case, why not sell at Intl price to FG and have FG do the usual subsidy? You argued that subsidy needed to go. Today it is gone but the same corruption plaguing subsidy won't leave the funds saved alone and we are thus not seeing the gains of its removal. Instead of paying debt they complained of before the unfair removal of subsidy, the FG is suddenly celebrating saving of N1Tr in July 2023 are sharing allocation for the month.

No you have started with the lie about the layman on the streets assuming refining will make it cheaper when we all know abense of local refining involves exporting crude, paying heavy salaries of foreign refiners and importing finished petrol product. The above three factors alone will swell the cost of final petrol to consumers, something local refining will help avoid. From the above, it is clear who you are working for gradually.

Your interests seem perfectly aligned with that of greedy local refiners who want to sell at Intl price not minding that those three extra costs are avoided for local refiners. You and your zombies can fool the majority but not my type.

Please stick to your tailoring business.

grandstar:


Please stick to your tailoring business.

better than selling ones soul than going for kolanut initiation and earning N75 per 180-worded post.

grandstar:

Which bank will lend you $20bn to build refineries in a country where the refined products are subsidized, sold below cost? You want them to lose their money? You think they are the Nigerian government?

Which bank borrowed us the one used to build useless railways to Niger republic? Which one borrowed Ebonyi the one they used to build a dormant airport?
The way you lie senselessly to push through policies of a weak govt is alarming. Which one borrowed Dangote funds to build refinery (a record one at that) in a country where petrol was being heavily subsidized?

Whenever you are desperate to push through your anti subsidy argument, you make it sound as if the refiner are being forced to sell directly to customers at the lower price the govt fixes. The govt actually buys at prevailing market price and pay the difference between the subsidized rate and the real cost. That's why the subsidy paid out per litre kept changing over the decades of the subsidy.

Like I said before, I is easy to see where your interests lie and align to. The marketers want to sell at Intl price even when they don't have to transport it far from the location of exploration and employ cheap labour to refine the petroleum.