millhouse:
what are you saying , do you know the loan on this Refinery needs to be repaid ? It’s not a charity business .
Even any attempt to bring it down beyond competitive pricing( which can be achievable when other players step in , right now he is the only player )will lead to smuggling of products to neighboring countries

post=127927027:

This is the question we have been asking all out government since 1960!!
Oil was first discovered in Nigeria in 1956 in Oloibiri, Bayelsa State.

And since then, not a single refinery,
And that is what just ONE man us doing now.
A big shame on the so call Giant Of Africa.

Realtruth2023:

But wait oooo. Isn't NNPC the sole importer, so where is taxes and demmurage this mix? Also MNPC jave been doing crude oil swaps for Petroleum products so where is the taxes in this? You guys are just doing copy and paste from your propaganda WhatsApp group.

nairalanda1:


1.The loans were not provided by Nigerians. About one third of the loans came from Nigerian banks, most of the rest came from AfDB and international banks. CBN came in with some extra cash. (since repaid).

2. You are very right about all them costs gone however, Dangote still has to

a) Pay salaries that are globally competitive, and they have to be paid out of the profits made.

b) Pay taxes, and pay back loans. (If Lagos is not going to tax the refinery, then Dangote really has them in his pocket. We never even talk Federal government taxes).

c). Pay maintenance costs, expansion costs, etc.

The experts believe prices may come down by N70. They are being darn optimistic. Prices would only come down once government gets realistic, totally removes subsidy, which means domestic refining becomes profitable for smaller players to come in and set up modular refineries with financing from our banks.

Throwback:
Even if Dangote buys Crude Oil at international price that has been set, then his refined products should be cheaper that what we import, as importation (shipping) and port and custom charges have been totally eliminated.

Also, the cost of labour to operate his refinery in Nigeria is way cheaper than the cost of labour of the foreign refineries whose products we have been importing.

campbelljosh:
Lol. 😂. Wetin make V8 users con say?

chubinwa:
Why can't Nigerian govt build this refinary

BALLOSKI:
poor submission.

ManirBK:


https://thenationonlineng.net/marketers-await-dangote-petroleum-product-price-list/

yesloaded:
Ok

Now we know the reason behind filling station locking up their station

Abeg, let the price be 100naira per litre

Pity we V6 owner o, e no funny to dey use more than 100k to fuel just a car per month despite the fact sey I no dey do Uber

Abeg o

chubinwa:
Why can't Nigerian govt build this refinary

Emman08:
When was the refinery commissioned again?

Chicagograduate:
NNPC is not importing fuel.Some marketers were given licences to import fuel.It is a secret deal between NNPC and petroleum marketers.

Olalekanbanky1:



Omo una dey try sha
We 4 plug 1.8l engine size owners still dey beg God

ManirBK:
May it be more cheaper than expected.

Realtruth2023:


Why should the deal be secret in the first place? We were all told that NNPC is the major/only importer of fuel.

Cool83:


See question, you can ask IPMAN chairman

Realtruth2023:


Why should the deal be secret in the first place? We were all told that NNPC is the major/only importer of fuel.

infofta:
Where are our Mathemacians in the house?
We know the price of oil in the international market.
How many liters of petrol can we get from a barrel of crude oil dividing the price by 50% since na from our backyard

Phred1717:
Dangote price can only reduce when there's enough competition in the market, for now expect the same price

gaskiyamagana:
Ideally, it supposed to be cheap. But if is higher, don't blame him, blame the successive government who can not build or run refineries for us.

temizeee:
I wouldn’t expect much, i just don’t want to be biased because this same Dangote group has set the same standard for cement in Nigeria and he has set the bar, the BUA cement proclaimed to be cheaper hasn’t find their way to the top up until now………..a lot of Nigerian are just brainwashed into thinking Dangote is going to be our savior, our eyes are not opened yet….. well let us keep our fingers crossed 🤞, we will all learn the hard way.

Chicagograduate:
The burble burst during the allegation that NNPC imported adulterated fuel under the minister of petroleum, Buhari.
Nnpc accused petroleum marketers of importing the product.There were accusations here and there before the matter die.Nobody was prosecuted.