MsAllison:
Anybody supporting Dangote on this is an enemy of this country.
Dangote is greedy and selfish.

Bigkoko:
Wait until Dangote refinery crude demand from US puts pressure on already pressured Naira!

For Dangote, it should have been an end of an era, but father Xmas Emefiele and Buhari somehow kept him up in his bogus, non feasible refinery project!

If Nigeria was prudent without obligations to debtors, maybe Dangote could have gotten crude, but 80% of Nigeria current production goes to debt financing!


I will be breaching confidentiality agreement, if I put out information I read in documents prepared by international Auditors like PwC and KPMG.....

Dangote is gigantic failure fed by the corrupt ruling class in Nigeria for pitiance kobos at the detriment of the good people of Nigeria!

Bigkoko:
Yes especially Buhari, because he could easily not understand economics and the effects... Emefiele of he had been given a free hand to supervise the financial sector, he could have advised against funding Dangote but I trust the tribalists and cabal from the north to wack him!

Also, Dangote didn't do full disclosure, or Emefiele didn't do due diligence on the feasibility of such a behemoth refinery on Nigerian FX, in case she could not source crude locally.


Here's one huge risk waiting to blow!

Dangote refinery needs at least 600k barrels of crude oil daily for it's continuous production.

Dangote buys crude oil in USD from USA.

Dangote refines and sell the products in Nigeria to Nigerians paying in Naira.

When next Dangote wants to buy crude in USD, where will she get USD? Expect the effects of Dangote business to hit hard on the Naira in the coming months!

You can't continue feeding a useless giant!

MsAllison:
Anybody supporting Dangote on this is an enemy of this country.
Dangote is greedy and selfish.

MsAllison:
you're right but sometimes I don't blame Buhari or Emefiele on this.
they did that thinking Dangote had Nigeria interest at heart not knowing that they're dealing with a ruthless and heartless business man.

Floky215:


When I wrote on this forum, Nigeria commonwealth was used to build that useless refinery, some idiots on this forum where insulting me...!!

With the kind of father Christmas gift dangote is getting from the Nigerian government and treasury, even an slowpoke who have never attended any school in his life given same opportunity would easily carry the logo of been the richest man in Africa...!!!

Dangote is among those who killed this country in conjunction with greedy politicians using him as conduit to launder and hide looted funds...!!!

MsAllison:
[/b]
that's my worry here.
honestly I'm not a prophet of doom but people should start converting their naira to dollars because we're heading to Zimbabwe way with the way things are going.

MsAllison:
Enough of these undeserved respects.
We deserve better from wicked capitalists.
Dangote does not deserve the respect some people are according to him and here are the reasons:
A country with abundant crude oil but imports petroleum products after exporting the crude oil.
For decades government have been trying to figure out how to get some refinery working so that at least we can start producing our petrol and save dollars used in importing these petrol.
You came as a knight in shining amour and told the government that you'll build a private refinery but you'll be needing loans and unlimited access to subsidized dollar at CBN subsidized rate.
Government was very happy that they gave you loans in dollars and sold dollars to you at 300 naira against the black market rate.
You got lots of tax waiver all at the expense of the poor masses who had hopes in your refinery.
They wanted to complain but the government told them to relax that your refinery will ease the pain and stress on the forex.
So in theory, your refinery will buy crude oil from our unlimited crude oil deposits, then refine it and sell to both local and international markets.
with this theoretically dollars will be saved and our currency will be strengthened.
Fast forward when you completed your refinery, everybody was happy, speculations on how your refinery will make the naira stronger again flooded the homepage of our dailies.
Today, our hopes are dashed after learning that you'll be importing Crude oil from the US.
Haaaa seriously ?
Then what's the essence of building this refinery since we've ended up in the same circle of importation again ?
So what's the difference between this and someone that imported an already refined petroleum?
Some persons are even defending this telling us how Dangote Refinery is a private investment.
Yes you're right but it was built with the help of the masses subsidized money and lots of tax waivers so he owes us some patriotism acts.
A selfless business man would have focused of refining Nigerian crude oil for some years, at least to ease the burden.
Now he has added to our burden because imagine Dangote hustling dollars with an average man that needed the dollars to import raw materials for his manufacturing company.
This is not fair to Nigerians and we must demand accountability from Dangote.
he owes us that because he has thrived on government support at the expense of the poor masses.
He must be the solution and not add to the problem.

Ms Alison.

swaggerjack:

Eventually a choice would have to be made between saving the Dangote refinery or Nigeria collapsing through the effect on the pressure of the naira as he competes with businesses for the limited dollars in circulation. The naira would soon become like Zimbabwe currency.

And the more the naira crashes the more the demand for dollars, pounds and euros increases as our fantastically corrupt politicians at local, state and federal level will change their loot in naira to foreign currencies to preserve their illicit wealth.

The direction Nigeria is heading is very dangerous.

MsAllison:
Enough of these undeserved respects.
We deserve better from wicked capitalists.
Dangote does not deserve the respect some people are according to him and here are the reasons:
A country with abundant crude oil but imports petroleum products after exporting the crude oil.
For decades government have been trying to figure out how to get some refinery working so that at least we can start producing our petrol and save dollars used in importing these petrol.
You came as a knight in shining amour and told the government that you'll build a private refinery but you'll be needing loans and unlimited access to subsidized dollar at CBN subsidized rate.
Government was very happy that they gave you loans in dollars and sold dollars to you at 300 naira against the black market rate.
You got lots of tax waiver all at the expense of the poor masses who had hopes in your refinery.
They wanted to complain but the government told them to relax that your refinery will ease the pain and stress on the forex.
So in theory, your refinery will buy crude oil from our unlimited crude oil deposits, then refine it and sell to both local and international markets.
with this theoretically dollars will be saved and our currency will be strengthened.
Fast forward when you completed your refinery, everybody was happy, speculations on how your refinery will make the naira stronger again flooded the homepage of our dailies.
Today, our hopes are dashed after learning that you'll be importing Crude oil from the US.
Haaaa seriously ?
Then what's the essence of building this refinery since we've ended up in the same circle of importation again ?
So what's the difference between this and someone that imported an already refined petroleum?
Some persons are even defending this telling us how Dangote Refinery is a private investment.
Yes you're right but it was built with the help of the masses subsidized money and lots of tax waivers so he owes us some patriotism acts.
A selfless business man would have focused of refining Nigerian crude oil for some years, at least to ease the burden.
Now he has added to our burden because imagine Dangote hustling dollars with an average man that needed the dollars to import raw materials for his manufacturing company.
This is not fair to Nigerians and we must demand accountability from Dangote.
he owes us that because he has thrived on government support at the expense of the poor masses.
He must be the solution and not add to the problem.

Ms Alison.

MsAllison:
Anybody supporting Dangote on this is an enemy of this country.
Dangote is greedy and selfish.

Houseontherock1:

They knew the plan all along, they were all in on it and I'm sure Dangote is just a front for our corrupt polithiefcians. They know that Dangote group has nothing to offer Nigerians but they are all protecting their investments by helping their stooge.

Resurrection212:
Mumu who will call him ipob did he say anything wrong or who do not know that dangote is a capitalist . And for your information op ordinary citizens can't do anything on this matter only federal government can stop him from import oil from USA. And Dangote aims is to destabilize the current price of oil so he can
use imported story to justify why new hike on petroleum. I know the government will not be so foolish allow him imported oil

aariwa:
dangote is smartly moving away from cement importation to now forex hoarding and fuel importation monopoly . The game plan get import license that gives you access to import crude and fuel, import fuel, send to your empty refinery and then sell to marketers. He wants to bypass petroleum marketers and become sole importer of fuel so that marketers will buy from him as if they are buying from a functioning Nigerian refinery..same monopoly he did with cement and tinubu might be in deal together with him don’t know but I can bet my last kobo that refinery is not even up to 40% functional

Anaya4life:


This is the reason i was against removal of subsidy because there's no way our government didn't know all this. They just used false hope to deceive Nigrians. How can they say all our crude oil deposits for the nearest future have been used to back loans and contracts. Whereas,almost half of this same crude oil is stolen daily and unaccounted for. There's more than enough crude oil to cater to dangite the thief's refinery. Imagine Dangote adding to the already pressured dollar, that's suicidal. At this point we need to wake up as a country. This country needs a total overhaul.

PressMyButton:
Ignorance oozes out of this thread, so much for Illiteracy. Is Dangote responsible for production and delivery of crude oil?. As a business man, if NNPC could not deliver the sufficient supply, is he not suppossed to look for alternatives?. You people are the most ignorant but you open your mouth loosely as if you know.

MsAllison:
you're right but sometimes I don't blame Buhari or Emefiele on this.
they did that thinking Dangote had Nigeria interest at heart not knowing that they're dealing with a ruthless and heartless business man.

nabiz:
Our elite are very very unpatriotic. The only patrotic Nigerians are the poor

blacknp:
President Obasanjo on the eve of his exiting power sold refinery to Otedola & Dangote this same Hypocrites shouted we no gree, Yar’adua took the refinery back, he went & built his own, this same Hypocrites are now crying that he owes them?

msallison, Bigkoko The Kigali Wailer himself, you can keep on wailing, nonsensical poor minded things.

Gerrard59:


Buhari's administration supervised massive oil theft and did nothing to stop it. I don't know why Nigerians like to excuse that incompetent feudalist's policies.

As for Dangote, he would sell the fuel at the prevailing global rate.

Emmanuel900:
Look at them hating on Dangote lol

Don't listen to all the hogwash they are parroting they just hate that he is not an Igbo man.

If Dangote was an Igbo man any criticism on him would be term jealousy of Igbo man success.

aguluobi:
Of course Dangote is the only problem facing Nigeria since 1960

Bigkoko:
Hahaha 🤣🤣🤣🤣🤣🤣🤣...... They don call me iPob tire.

My phone have been tapped and listened to. My social media platforms have been spied upon, including my wife own! And They got nothing!!!!! Zilch!

Even when the useless State Governors of Nigeria visited Kigali Rwanda last year, they came to my office, they reported my business.... I was in Europe then fixing our European Branch. They tried to apply some pressure to frustrate my company but my G-d is Mighty and a G-d of many battles!

They and their useless SSA and SA can not do shit to me!

Exactly what I predicted is what is going on because I got these information using the privilege my work offers me!

brain54:

Every business man is greedy and selfish...

The aim of business is to make money. Most will take advantage of the system where possible.

I do not blame Dangote... I blame government for not regulating the system.

It's the duty of government to plug loopholes and protect the economy by curbing the excesses of the greed of these business men.

Dangote and most businesses that operate in Nigeria cannot operate in most countries with laws and an environment that is regulated. The system is different and won't allow them to exploit.

Reason why most of them keep failing and pack out of other countries.

Glo is one such example of companies that hasn't succeeded outside Nigeria. It sold out to airtel recently in Ghana. It's difficult to operate with same template most of these companies use outside Nigeria because we do not have laws.

Forget patriotism if he isn't breaking any law then do not criticize the man!

Bigkoko:
Onukwu.....have you heard of any Igbo man having unfettered access to import waiver, tax breaks and to the federal reserves?

How many times have you heard of Innosson going cap in hand to politicians and CBN gov for free loads of dollars, abi Innosson no Sabi buy more advanced technology for his car 🚗 business ni? No be banks like GTB dey even deduct criminally from Igbos like Innosson.

I Know scallywags like you will want to change the narrative because una brain dey one rustic altar like that.

Mumu no even know say Dangote is the singular most serious threat to a stable Nigeria!

aguluobi:
What about the Orient Petroleum Refinery Peter Obi invested billions of Anambra fund on, 14 years after it is yet to produce a liter of
fuel. Are Nigerian n Igbo politician all in on it just like you claim with Dangote or Igbo politicians are saint that is why a refinery commissioned 14 year ago is yet to produce a liter of fuel till this hour ?

Is Peter Pandora. Obi protecting his criminal investment that is why Orient Petroleum Refinery is yet to produce fuel 14 years after commissioning ?!

Emmanuel900:



They are just jealous Dangote is not an Igbo man

If Dangote was an Igbo man they would be the one singing his praises, chest beating and tauntingly with his achievements while also defending any criticism he get by calling those criticising him haters jealous of an Igbo man success.


Don't be fool of their fake patriotism they have always been the biggest haters of Dangote even long before he built the refinery spreading propaganda and accusing him of monopoly and government favour. They accused him of sabotaging Ibeto cement, same Ibeto cement that was importing cement and couldn't compete when governments banned cement importation.

Bigkoko:
Before the era of govt fed, pseudo rich men like dangote, the naira was more valuable than the British Pound and American dollars. And this is despite Nigeria just came out of a three year civil war!

Do you know why? Businesses were run on equal measures..... Nobody gets anything from the government, until men in agbada wey just Sabi force their people into power came on board