TimeManager:
Can we try and be reasonable for once, everything shouldn't go by wailing and all that. What's our production per month?, we currently on 1.7mbp, do you expect we offload all our production to Dangote without selling abroad to earn FX?. Dangote and other refineries coming up would have to source crude from various buyers to augument the supply from NNPCL.
Dangote refinery requires 6million feedstock of crude oil to start production.
NNPCL does not have 6million supplies to give Dangote.

-kiss the truth!

Northernblood7:



So Nigerians will be the ones suffering for other countries abi? Dangote buys crude oil in USD causing our currency to depreciate less than our neighbours. Neighbouring countries will then cross over to Nigeria and import our very cheap oil to them due to high currency value they have over Naira. Last last, Nigerians suffer the most.

Gilgil:
Isn’t Dangote buying a Nigerian crude oil in dollars?
Crude oil is sold in dollars my friend, so Nigeria earns fix by selling to Dangote.

Solofresh2:
Hahaa

Oghene86:


So we don't have crude to sell to Dangote? Or is it confirming news going around that Buhari sold and collected money for crude in advance, so whatever that's being produced now has been paid for and the money spent by the last government, what we don't know is how.many years this deal will last.

We are in a deep shit.

kokoA:
People fail to understand that Dangote is a private business out to make profit. Only a foolish business man will depend on one source for his raw materials, if he has the capacity to refine various crude so nothing stops him from buying from wherever he chooses. If Nigeria has crude always available for him then that's a plus else's business must go on.

Northernblood7:


https://www.bloomberg.com/news/articles/2024-01-29/nigeria-s-mega-refinery-turns-to-us-oil-as-ramp-up-gathers-pace

tunjijones:


Do you know that Nigeria as a country has 20 percent stake in that refinery?

YourMrBoo:
Dangote importing oil with the little dollars we make will definitely add pressure to the naira.

Who do we offend for 9ja

10mobile:
As we keep the government on its toes, let's also try to see the silver linings for the sake of our sanity as a people. Thanks.

loffyloffy:


Really.. so you believe that Dangote importing crude oil to supplement the crude supply from the Nigerian surces, will put more pressure on the naira, than whole sale importation of finished product from abroad?

How old are you by the way?

abhosts:
The CBN gave tens of billions of dollars to dangote at cheap official rate with the expectation that it would save the country foreign exchange in return. If dangote wanted to import crude at global prices to for his refinery, he should have built the refinery with funds from oversees investors and not with cheap CBN dollars.

Femmyfamous4u:
What most people don't know is that the refinery can refine all kinds of crude including US shale oil. With Nigerian crude it can only do 350k per day thereby not reaching full potentials.

aribisala0:


With respect so what? What does that or what should that mean in practice?

tunjijones:


It's means Nigeria is partly owner of Dangote Refinery. In fact Nigeria is the biggest entity with the largest share apart from Dangote himself

pharmagba:

I see dangote as a person who had always feasted on the loopholes in the Nigerian society.
He had probably want to be taking oil free or boycotting normal payment to Nigeria for his own personal wealth and business.
But behold he met president Tinubu a shrewd auditor who understands all the processes.
Today Tinubu announced that selling of oil is now with the CBN and NNPC is just to product and now Dangote is saying he is going elsewhere for his oil.
What this tells me is that dangote feels he should be worshipped and want to hold Nigeria by the jugular by blackmailing or boycotting Nigeria oil.
All this administration should do is ensure the portharcourt refinery and others including the one by BUA comes on board quickly. This will remove monopoly which dangote crave for. In the end he will come and beg

arantess:

Agba defender...
You suppose dey AFCON

Topman7:
Nothing strange. They can refine and supply beyond the Nigerian market, so they will be happy to take on foreign oil to keep their refinery in production.

This is a private-sector business.

Dem no send anybody.

teamoneline:


How are you keeping the govt on their toes? By complain?

The only way to keep a democratic govt on it's toes is through free and fair election. Now what is a free and fair election?
As far as inec is being setup by the federal govt instead of an autonomous judiciary you are just joking you can't keep any govt on it's toes

10mobile:

So, how are you yourself contributing to all of this? Are you now making INEC to conduct free and fair elections? Many of you come online to act woke that you lack offline. Shouting at everyone like African moms and having no solutions to offer.

teamoneline:


Person wey brain dey touch. My post was stating why there's nothing like free and fair election and you are here capping trash. If you want solution you ask instead of being a deeheek.

SOLUTION: nlc go on strike till fg makes judiciary autonomous. There are so many ways to kill a rat tho.

Northernblood7:


Are you saying that Nigeria does not have enough Crude ; . Pick up a mirrow and repeat the same sentence looking at yourself carefully as you say so



Oga, Nigeria produces 1.9 million barrels daily according to workdmeter, Dangote refinery needs only 650k. Make research b4 talking next time

TimeManager:

Who told you Dangote buys in $$?. Spare me this crap.

-kiss the truth!

coputa:
they don't sell crude in naira