Nice

I hope it makes a massive difference

Congratulations. But this refinery really made dollar scare and affected the common man . So please be nice to us . Cos in a way every Nigerian paid the price for this refinery.

See Men.

So cool

Chairman Otedola is also a great man in our time.
Hopefully he helps his friend get smooth and steady deliveries of crude.

QuotaSystem:
Aside from the 650,000 barrels per day it will refine, Dangote’s Petrochemical Plant will also produce 1 million and 3 million metric tones of Polypropylene and Urea Fertilizer respectively for our consumption and export.

BUA’s Akwa Ibom refinery when completed will further drive competition in the downstream oil industry which will benefit the consumers through pricing and availability. Aliko Dangote is truly an industrial collosus, a true African giant.

Patriotic Nigerians are proud of you 🇳🇬

modified:


What is not certain, is the extent to which Dangote’s refinery will reduce petrol prices in Nigeria.

What is certain however, is that the laws of economics dictate that a reduced cost of production is likely to reflect in reduced prices.

Our present pump prices are not dictated solely by the international price of crude, but by the landing cost of imported PMS. The components of this landing cost includes product cost, traders and insurance margin, shipping, charges by government agencies, financing & banking charges and storage charges.

You will agree that the elimination of shipping and govt port charges, and a possible reduced product cost in exchange for discounted supply terms or tax incentives, will definitely result in a lower total cost of production and consequently, lower prices at the pump. Some might say Dangote needs to repay loans, pay good wages, pay taxes, maintenance etc. but news flash! The foreign refineries we are currenty importing from also have these overhead costs embedded in their product prices.

Furthermore, with the eventual completion of Abdulsamad Rabiu's 250k bpd BUA refinery in Akwa Ibom, and the Waltersmith 10k bpd modular refinery in Imo among others; we are looking at a combined total capacity of nearly 1m bpd supply of refined petroleum (compared to our current 427.7k bpd/68 million litres daily imported petrol consumption), and the resultant boost in supply is expected to further drive down prices over time. My humble two cents.

When the head of NNPCL keep saying it will not reduce prices of fuel...what do you expect us to believe?

nairalanda1:


Dangote refinery won't reduce the price of fuel at all.

The man has to pay loans, pay competitive wages so that workers do not japa, pay taxes and pay maintenance and upgrade costs.

Government thanks to years of mismanagement of which tinubu was a part of , has no money for subsidies

You always love to be politically correct, can you tell us what position(s) Tinubu occupied at the federal level since 1999?

Chigboboss:
The problem of many haters is not the refinery or the benefits it will bring to the Nigerian economy, but their bitterness is that the mega project is owned by a northerner (Hausa Fulani). Even their cries about it not reducing fuel price is not sincere, and they will never acknowledge the many jobs created, energy security, Forex savings, improved product supply and the many other benefits that the refinery brings.

Instead of building their own legacy they are hating meanwhile BUA has almost completed his 250k bpd refinery in Akwa Ibom.

Give Dangote his flowers biko…💐

When we start seeing the impact we will all celebrate but until then Shut up

That's what besties do.. stand up for each other

PDPdestroyer:

You always love to be politically correct, can you tell us what position(s) Tinubu occupied at the federal level since 1999?

And as you know, he was part of the government in 2015-23, and has done nothing since taking over to show that he is changing anything.

You guys, all your politicans are alike.

2 great men of substance!

Some comments above make me shook my head for the kind of bittered heart they got!

Naija2023:


The price of fuel will not drop. Wake up from your delusion . Crude oil is priced on international price. Dangote refinery was a major investment in dollars with alot of foreign staffs, foreign bank loans and foreign investors.

It can only reduce the price by 50 naira per litre maximum which is the cost per litre in transporting PMS from Europe and Asia to Nigeria.

However, since there is already some subsidy in the current PMS at 600 to 700 naira, dangote refinery won't reduce the price by 1 naira. it will only reduce the cost of give subsidy by about 50 naira .

Let's watch and see. Remember he has many competitors already in those fuel importers.

Let d POOR


Breathe


DANGOTE and CO.

See money men dressed so simple whereas sme mofos empty barrels will come to social media and say I bought my face cap N20m or bought my gown N180m but when ask to pay N2m annual tax they owed then turned it on Sanwo Olu and Tinubu and started shouting Sanwo Olu must go.

Chinjo2:
I want to see how this will reduce the price of petrol in Nigeria.

Maybe about N50 difference per litre.

The days of buying fuel at around N200 per litre is gone, unless subsidy is reintroduced.

ebenholer2:
I will advice president TINUBU to remove that northern man Kyale as NNPC MD cos they may end up crippling the functionality of state owned refinery inorder to favour Dangote so as to monopolize production.
TINUBU should better beware of the North intent.

Multinational corporations own and run the NNPCL and have the deep power to corrupt any chairman whether he or she be from the North, South, East, or West.
Some in NASS are beginning to wake up to the oil situation. Some are beneficiaries of the corruption. It's a very difficult problem to fix.

An hour individual built a refinery using money from a system that has cannot revamp one refinery!
How does this make any economic sense? Same people will allow one man monopolize the market and we say he is the richest in Africa.

God1000:
Congrats to him, it's truly a gigantic project.

A lot of Nigerians will be employed

Just say alot of foreigners (Indians) are already employed

Men of dignitaries.

With Dangote refinery coming on stream, the govt should reconsider the reintroduction of the fuel subsidy at least to whatever degree as to bring petrol down to a maximum of N350 per liter.

Domestic production will eliminate much of the fraud that was going on in that industry since we know the exact amount of crude being sent into Dangote's place and subsidy can be based on a discount in the cost of crude.

This refinery will favour me and my family
- dangote

Make I bend if he favour common Nigerians

If you think dangote get power to build dat kind refinery for majorly the benefit of this country you don't know how this world is running.

Congratulations on your ‘refinery’ of lies & propaganda!

nairalanda1:


And as you know, he was part of the government in 2015-23, and has done nothing since taking over to show that he is changing anything.

You guys, all your politicans are alike.

SMH. You still haven't answered my question, I need specifics, we shouldn't give a dog a bad name just to hang it, have a nice evening

Lol.. Scam

nairalanda1:


Dangote refinery won't reduce the price of fuel at all.

The man has to pay loans, pay competitive wages so that workers do not japa, pay taxes and pay maintenance and upgrade costs.

Government thanks to years of mismanagement of which tinubu was a part of , has no money for subsidies

His own fuel is likely to be more expensive sef

/
Life is funny indeed.

Take a look at Otedola and Dangote looking like mobile shoe salesmen...

While the ones that just hit their first N10m in their accounts will rush to buy LV, Gucci, gold chains and Versace eyeglasses to pepper their imaginary enemies.

/

Media stunt,we are tired of all this paparazzi, start producing oga.

Unfortunately Nigerian economy don't work that way. It is Exploitation from A to Z.
So you want us to outshine our masters
make people stop to dey Japa ?

SmartyPants:
With Dangote refinery coming on stream, the govt should reconsider the reintroduction of the fuel subsidy at least to whatever degree as to bring petrol down to a maximum of N350 per liter.

Domestic production will eliminate much of the fraud that was going on in that industry since we know the exact amount of crude being sent into Dangote's place and subsidy can be based on a discount in the cost of crude.

I know say people go congratulate me sef soon...
And every other person like wen get good heart and no dey put their hands for bad things.... Amen