it's most be affordable that's my own

proff010:
IMF will soon advise dangote not to sell to local market in Nigeria.

Why?

DeLaRue:


'Upgrading units' - I guess that's for petrol.

So the refinery may not produce petrol for a some months yet. Hmm.

Someone from abroad told me yesterday that Nigeria will not benefit much from the refinery. My immediate interest was in another topic we were discussing so I didn't really press him to explain why he thought that would be the case.

But thinking about it now, I think the government will just end up paying same old subsidy to Dangote as the current pump price of around N650 is not going to cut it. Subsidy is here to stay.

So we are back to square one, with the only advantage being that the government will not be buying the petrol from him in dollars.

If Nigeria's wahala is too much, the man may even decide not to sell to Nigeria.

O ti lo o

With the way the Naira is depreciating, it would be unwise to sell it to them in Naira.

Immediately I saw the headline...

I chuckled!

unclejb2:
but governors in the north are dictating for farmers and business people

Sue the government ass then

with the abundance of natural resources we have, having large scales refinery is the right thinking we should have faith on, producing and refining in large quantity for export is the next thing to talk about. This country should have no business with hunger as long as we have the human capacities for work. ammonia is another byproduct that can be used in agriculture.

Dangote this, Dangote that...only on paper o. The devil self no fit lie pass Naija rogues.

robinso01:
If e no go reduces the price of fuel in 9ja ,make e Bleep off . Mtchew

Nigeria borrowed money from all over the world that we can't pay back in the next 100 years.

Emefiele pumped it into dangote refinery through the backdoor

You want dangote to Bleep off with our commonwealth?

Landing cost of petrol is now N1000
We can't buy it as Nigerians but dangote can sell it in dollars outside Nigeria to make profit.

Who loses?

Kenochi:

As for Dangote Refinery,this is another big short coming in our nation.A big Oil producing country whose leaders refused to set up Industries and take advantage of their God given blessing
They were busy subsidizing petrol and allowing conmen to destroy this country
The chicken has come home to roost,and everyday we keep seeing that we were just producing leaders who were not willing to take the long road to success but were always comfortable taking short cuts that led to nowhere

Oh! My heart bless you!

Thank you for this piece. Those who hate the truth will abuse and curse you.

Our journey here didn't start 1 year ago. We've been on this journey since independence. As you've said, the chicken has come home to roast.

I've followed you man. Thanks again.

Kushites:


Are you minding these COMMUNIST ILLITERATES?

Soviet-era communists in disguise!

Any bold move by the private sector they frown on. Any good project must be government-run. If it is private run, it means in their heads that some private guy is chopping their money.

Yet this is a capitalist economy modelled after the most capitalist USA!

You have NO PROBLEM with private white-owned multinationals like Unilever, Shell, etc coming here and raking in profits while producing a service, but a Nigerian firm does it, and all hell breaks loose! He is chopping our money!

Right before our very eyes, Nigeria has become the biggest manufacturer and exporter of refined petroleum products in Africa - a massive step towards industrialisation, and these BUSHMEN on nairaland are here typing streams of ignorance.

It's just pitiful.

The Dangote refinery boasts a capacity of 650,000 barrels of crude oil per day and is expected to meet Nigeria's domestic demand for petroleum products and help Nigeria save the much-needed foreign exchange currently spent on the importation of such petroleum products.

Nigeria currently imports more than 80% of its refined petroleum products. She is the largest importer of refined petroleum products in Africa.

Local production by the Dangote refinery will therefore massively cut the country’s import bill.

''According to the Central Bank of Nigeria, the cost (including freight) of petroleum products imports into Nigeria doubled over a five-year period from about US$8.4 billion in 2017 to US$16.2 billion (indicating an annual average of US$11.1 billion), before rising further to US$23.3 billion by end-2022.

The central bank says the average annual cost of petroleum products imports to Nigeria could reach US$30 billion by 2027 if the country continues to rely on petroleum imports.

This money can now potentially be saved with Dangote refinery plugging the supply shortfall.''

https://theconversation.com/dangote-launches-africas-biggest-oil-refinery-4-ways-it-will-affect-nigeria-205685


..........


Yet we have this parade of semi-literate, ill-exposed professional malcontents pouring sickening invective on the refinery!

I mean, who did this to you people?

Another fellow that deserve your following. I'm talking to the intelligent ones, not the bush babies.

Thank you for this piece.

DeLaRue:


'Upgrading units' - I guess that's for petrol.

So the refinery may not produce petrol for a some months yet. Hmm.

Someone from abroad told me yesterday that Nigeria will not benefit much from the refinery. My immediate interest was in another topic we were discussing so I didn't really press him to explain why he thought that would be the case.

But thinking about it now, I think the government will just end up paying same old subsidy to Dangote as the current pump price of around N650 is not going to cut it. Subsidy is here to stay.

So we are back to square one, with the only advantage being that the government will not be buying the petrol from him in dollars.

If Nigeria's wahala is too much, the man may even decide not to sell to Nigeria.

O ti lo o

Unfortunately, Nigeria bankrolled this project at the expense of other SMEs who needed money for their businesses

I rather buy fuel from warri or PH refineries thañ the fraud they setup in lekki

Kushites:


Are you minding these COMMUNIST ILLITERATES?

Soviet-era communists in disguise!

Any bold move by the private sector they frown on. Any good project must be government-run. If it is private run, it means in their heads that some private guy is chopping their money.

Yet this is a capitalist economy modelled after the most capitalist USA!

You have NO PROBLEM with private white-owned multinationals like Unilever, Shell, etc coming here and raking in profits while producing a service, but a Nigerian firm does it, and all hell breaks loose! He is chopping our money!

Right before our very eyes, Nigeria has become the biggest manufacturer and exporter of refined petroleum products in Africa - a massive step towards industrialisation, and these BUSHMEN on nairaland are here typing streams of ignorance.

It's just pitiful.

The Dangote refinery boasts a capacity of 650,000 barrels of crude oil per day and is expected to meet Nigeria's domestic demand for petroleum products and help Nigeria save the much-needed foreign exchange currently spent on the importation of such petroleum products.

Nigeria currently imports more than 80% of its refined petroleum products. She is the largest importer of refined petroleum products in Africa.

Local production by the Dangote refinery will therefore massively cut the country’s import bill.

''According to the Central Bank of Nigeria, the cost (including freight) of petroleum products imports into Nigeria doubled over a five-year period from about US$8.4 billion in 2017 to US$16.2 billion (indicating an annual average of US$11.1 billion), before rising further to US$23.3 billion by end-2022.

The central bank says the average annual cost of petroleum products imports to Nigeria could reach US$30 billion by 2027 if the country continues to rely on petroleum imports.

This money can now potentially be saved with Dangote refinery plugging the supply shortfall.''

https://theconversation.com/dangote-launches-africas-biggest-oil-refinery-4-ways-it-will-affect-nigeria-205685


..........


Yet we have this parade of semi-literate, ill-exposed professional malcontents pouring sickening invective on the refinery!

I mean, who did this to you people?

ahmedio2017 see what I was trying to explain.

persius555:
I rather buy fuel from warri or PH refineries thañ the fraud they setup in lekki

Lmaoooo. Ignoramus. 🤣

Kushites:


Are you minding these COMMUNIST ILLITERATES?

Soviet-era communists in disguise!

Any bold move by the private sector they frown on. Any good project must be government-run. If it is private run, it means in their heads that some private guy is chopping their money.

Yet this is a capitalist economy modelled after the most capitalist USA!

You have NO PROBLEM with private white-owned multinationals like Unilever, Shell, etc coming here and raking in profits while producing a service, but a Nigerian firm does it, and all hell breaks loose! He is chopping our money!

Right before our very eyes, thanks to the Dangote Refinery, Nigeria has become the biggest manufacturer and exporter of refined petroleum products in Africa - a massive step towards industrialisation, and these BUSHMEN on nairaland are here typing streams of rank ignorance.

It's just pitiful.

The Dangote refinery boasts a capacity of 650,000 barrels of crude oil per day and is expected to meet Nigeria's domestic demand for petroleum products and help Nigeria save the much-needed foreign exchange currently spent on the importation of such petroleum products.

Nigeria currently imports more than 80% of its refined petroleum products. She is the largest importer of refined petroleum products in Africa.

Local production by the Dangote refinery will therefore massively cut the country’s import bill.

''According to the Central Bank of Nigeria, the cost (including freight) of petroleum products imports into Nigeria doubled over a five-year period from about US$8.4 billion in 2017 to US$16.2 billion (indicating an annual average of US$11.1 billion), before rising further to US$23.3 billion by end-2022.

The central bank says the average annual cost of petroleum products imports to Nigeria could reach US$30 billion by 2027 if the country continues to rely on petroleum imports.

This money can now potentially be saved with Dangote refinery plugging the supply shortfall.''

https://theconversation.com/dangote-launches-africas-biggest-oil-refinery-4-ways-it-will-affect-nigeria-205685


..........


Yet we have this parade of semi-literate, ill-exposed professional malcontents pouring sickening invective on the refinery!

I mean, who did this to you people?

I weak for them brother..

You can’t please Nigerians.

YourMrBoo:
You can't dictate for a private firm....

Dangote has every right to export his products....

And Nnpc is a stakeholder.

during covid 19 me as a person total money i got from Austrian government is 1800 euros in as much our factory was working and am not yet a citizen of austria ooh,tell me what you as a nigerian is benefiting from your government? 3.5billion dollars was sold to dangote at rate 380naira while others were buying at rate of 780 naira per dollar did that made him to lower the price of his cement?in western countries dangote will be serving 20 years imprisonment his a fraud

DeLaRue:


'Upgrading units' - I guess that's for petrol.

So the refinery may not produce petrol for a some months yet. Hmm.

Someone from abroad told me yesterday that Nigeria will not benefit much from the refinery. My immediate interest was in another topic we were discussing so I didn't really press him to explain why he thought that would be the case.

But thinking about it now, I think the government will just end up paying same old subsidy to Dangote as the current pump price of around N650 is not going to cut it. Subsidy is here to stay.

So we are back to square one, with the only advantage being that the government will not be buying the petrol from him in dollars.

If Nigeria's wahala is too much, the man may even decide not to sell to Nigeria.

O ti lo o

Somebody abroad abi?

Lol
. Another dangote refinery propaganda, when is this going to stop?

EponObi:


ahmedio2017 see what I was trying to explain.

Funny enough the dude was wrong, the notion that Dangote refinery will cut down on dollars spent on importation is a farce because the refinery needs at least 4.8m barrels of crude weekly to operate optimally. With our crude already sold into the future by NNPCL under the previous administration FG is already mulling the option of importing crude from Venezuela while Dangote refinery itself has started sourcing for crude from the US.

By the way this report made mention of the fact the petro units will not come online in months, therefore nobody should expect to see the refinery sell fuel in months except for byproducts.

robinso01:
If e no go reduces the price of fuel in 9ja ,make e Bleep off . Mtchew

build your own refinery and sell at 1 naira per litre

Houseontherock1:

Unfortunately, Nigeria bankrolled this project at the expense of other SMEs who needed money for their businesses

Which SMEs?

YourMrBoo:
You can't dictate for a private firm....

Dangote has every right to export his products...

And Nnpc is a stakeholder.

What is private about Dangote Refinery, aided by Nigeria's central bank

uniquetechng:
Funny enough the dude was wrong, the notion that Dangote refinery will cut down on dollars spent on importation is a farce because the refinery needs at least 4.8m barrels of crude weekly to operate optimally. With our crude already sold into the future by NNPCL under the previous administration FG is already mulling the option of importing crude from Venezuela while Dangote refinery itself has started sourcing for crude from the US.

By the way this report made mention of the fact the petro units will not come online in months, therefore nobody should expect to see the refinery sell fuel in months except for byproducts.

They are just taking us for granted in this country, when the citizens are not organized chai we don enter am, until we rise and do the needful.

Olachase:
Someone once said dangote is part of the problem we have in this country I think now I believe

Ok this issue at hand, what did Dangote do?

Golan007:


Which SMEs?

stop acting ignorant. Those cheap forexes given to Dangote could have been given to small businesses to also import machineries.

Dangote has loan to repay in dollars also and must have considered that to sell to Intl buyers who can pay him forex.
What FG should push for is for Dangote to at least take Nigerian crude at prevailing rate and sell part of his refined product locally to reduce forex demands in govt. That's the best the government can get from him.

YourMrBoo:


Sue the government ass then

governors have immunity in Nigeria and they can't be sued

Is Dangote a patriotic Nigerian or just interested in only profits?

All the dollars and loans they used to support him and he’s exporting it after we’re expecting he’ll help crash prices

unclejb2:
governors have immunity in Nigeria and they can't be sued

That's not true there are often exceptions, such as cases involving gross misconduct, violations of human rights, or actions taken outside the scope of official duties. There sorry ass can get sued

able20:

What is private about Dangote Refinery, aided by Nigeria's central bank

Still doesn't make it government owned man

gaby:
Na this Dangote refinery go cause the next civil war for Nogeria.

Westside Vs Northside.

how