justtoodark:


i dont think you produce that much crude to consider such a deal today....

justtoodark:


how many common nigerians understand how to operate refineries....??

watch dangote videos....you will see indians and other nationalities....

Chimarto:
I've returned from se'un exile..

justtoodark:
its sad how we ridicule how obasango payed back all ur debts back then to be borrowin today like lunatics....

imagine obasanjo didnt achieved that back then how hard it would be today for nigeria to get loans....

nairalanda1:


And even though we have a working refinery, for that refinery to work well, Dangote must be allowed to set whatever price he wants to set...so that workers are paid well, shareholders see returns on investment, maintenance costs are paid, expansion plans are carried out, etc etc.

Remember, Dangote refinery is not NNPC refinery, where government pays workers salaries, whether the things works or no.

(FIN).

SmartyPants:


I suppose all of this can be solved if they simply traded crude for refined products like we were doing at some point in the past?

solex75:


At least it will reduce pressure on forex.

solex75:


At least it will reduce pressure on forex.

SeeWahala:


You're so quick to forget that Nigerian matters of economics only works on paper and not in reality

SmartyPants:


Why not? I'm merely suggesting that we trade whatever we want to sell to Dangote to avoid fx issues. So it's not really a question of how much crude we produce.

solex75:


At least it will reduce pressure on forex.

Franking:


You mean while we import fuel Dangote will export his?

patrickcollins:
It won't as he intends to sell in dollar not naira

ntyce:


So, the employment will only take place in paper, not in real life

GeneralDae:

The world is not moving away anything. Forget that story.

patrickcollins:
It won't as he intends to sell in dollar not naira

SeeWahala:


Watch and see the ratio of foreigners to indigenous people they will finally employ.

And by the way, out of over 50 million Nigerians seeking employment Exactly how many can be employed in that refinery that will make a dent in our employment deficit?

kenny714433:
The rigging has come to life!
The engine sings the sea.
Hoist the flag
break the anchors, we've sailed.
Ship ahoy!!

ericmor:


Same excuses all the time when it comes to dangote. So how is this a benefit to the citizens that are still suffering from high price of things in the country nau. Sha be you people have been shouting that dangote refinary will reduce fuel pump price since it will be produce here and not imported

solex75:


Then why are celebrating the refinery?

justtoodark:


question is how many nigerians realy learnt anything about refinin crude oil accordin to international standard....

Magnetic010:
If this Dangote refinery doesn't in any way reduce the price of petroleum products in the country then it is of no benefit to the common man....

ZKOSOSO:
Cooking Lagos and Lagosians slowly but deadly

Una go hear hhwenn from dis boiling toxic pollutants

On top of that......still pay him trillions for doing it

Him go carry the trillions go Kano

ericmor:


Same excuses all the time when it comes to dangote. So how is this a benefit to the citizens that are still suffering from high price of things in the country nau. Sha be you people have been shouting that dangote refinary will reduce fuel pump price since it will be produce here and not imported

justtoodark:


we told you from the start you shouldnt celebrate it....
people that understand tried to say something....you didnt listened....

the same way we warned you about mmm back then....you didnt listened either....

mfm04622:


It will not!

The benefit is that we would not be using foreign exchange to import PMS anymore. PMS import is the largest consumer of our foreign exchange.

So, the benefit will be Naira may strengthen due to lower demand

solex75:


Then why are celebrating the refinery?

justtoodark:


you are forgetin neighborin countries countin on that refinery too....

have you forgotin that president of ghana was at the ceremonies....??

justtoodark:


it doesnt make any economical sense anyways....

its like tellin me to give you 20 kilos of yams to get 2 kilos of pounded yam powder....

Magnetic010:
If this Dangote refinery doesn't in any way reduce the price of petroleum products in the country then it is of no benefit to the common man....

mfm04622:


So, we can even earn more foreign exchange.

SmartyPants:


That's obviously not how it works. You give me 50 naira worth of yam and I give you back 50 naira worth of yam flour. I can make 100 naira worth of yam flour from 50 naira yam. The excess is my profit. You take your 50 naira and give it to your yam marketers at 30 naira. the 20 naira is the subsidy. Everyone is happy.