Ykc2:
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 7800 naira did that made him to lower the price of his cement?in western countries dangote will be serving 20 years imprisonment his a fraud

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

Westside Vs Northside.

Paraman:


https://punchng.com/dangote-refinery-to-export-two-fuel-cargoes-report/?amp

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

Ykc2:
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 7800 naira did that made him to lower the price of his cement?in western countries dangote will be serving 20 years imprisonment his a fraud

Idaytesj29:


The International Monetary Fools (IMF)

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

Westside Vs Northside.

Kushites:


Are you minding these COMMUNIST ILLITERATES?

Soviet-era communists in disguise!

Closet Maoists and Leninists!

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 and UK!

Do you know that HEATHROW AIRPORT LONDON is owned by a private consortium?

It has nothing to do with the UK govt!

Zero!

They just run it and pay small tax to the govt.

Can you imagine the reaction if the FG says they want to sell Murtala Muhammed Airport to a private consortium of Nigerian firms?

All hell will break loose!

They will accuse Tinubu of selling off the country’s assets to his cabal and his cronies!

We have to decide if we want to be a capitalist nation or not.

In a capitalist economy, apart from civil projects like roads and bridges, everything else major you see is private sector - owned. Stadiums, universities, power plants, factories, refineries, hospitals, everything!

Here in Nigeria, you want the govt to own and run everything!

When a private sector firm like Dangote does something big, you frown on it.

But 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 inglorious gathering of professional malcontents pouring sickening invective on the refinery!

I mean, who did this to you people?

tppzzy01:
And nna go gree? If the vessel leave Nigeria, then Nigerians are bastard and should forget about a better Nigeria.

YourMrBoo:


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

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

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

And Nnpc is a stakeholder.

Blazebond:


Ignorant clowns like you are what brought Africa down on her knees today, capitalism slaves like you don't know that there is no full scale capitalism anywhere in the world,see as you gather dey rubbish like idiot,the capitalist nations that you slave for and lick their boots will also also compell all businesses to operating in their country to satisfy their countries needs first before they export,dummies like you don't know anything.
Next time keep your stupidity to yourself.

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

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

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

And Nnpc is a stakeholder.

Paraman:


https://punchng.com/dangote-refinery-to-export-two-fuel-cargoes-report/?amp

RepoMan007:
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.

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

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

Westside Vs Northside.

Cromagnon:
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

Kenochi:
Education is very important,I want to encourage everyone to google the products that Dangote Refinery wants to export and its uses
After that,you can come to a conclusion whether it is something that we use in Nigeria and what level of usage is there in Nigeria

Some of us have always insisted that there are more than three products from Crude Oil,and this only justifies our stance.This brings me to the NNPCL and it's management for the past 20 years.
What did they do with our by products for the past 20 years when they had this rubbish swap arrangements
What did the money for fuel oil,naphtha,propylene,carbon black and other byproducts disappear into

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

a4cube:
Yes ofcourse. IMF is not for the poor, they are for profit and more hardship to thr downtrodden.

tppzzy01:
And nna go gree? If the vessel leave Nigeria, then Nigerians are bastard and should forget about a better Nigeria.

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

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

And Nnpc is a stakeholder.

Kenochi:
Education is very important,I want to encourage everyone to google the products that Dangote Refinery wants to export and its uses
After that,you can come to a conclusion whether it is something that we use in Nigeria and what level of usage is there in Nigeria

Some of us have always insisted that there are more than three products from Crude Oil,and this only justifies our stance.This brings me to the NNPCL and it's management for the past 20 years.
What did they do with our by products for the past 20 years when they had this rubbish swap arrangements
What did the money for fuel oil,naphtha,propylene,carbon black and other byproducts disappear into

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

Kushites:


Are you minding these COMMUNIST ILLITERATES?

Soviet-era communists in disguise!

Closet Maoists and Leninists!

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 and UK!




Not Really
We are more socialist than capitalist
That's why nothing works







Do you know that HEATHROW AIRPORT LONDON is owned by a private consortium?

It has nothing to do with the UK govt!

Zero!

They just run it and pay small tax to the govt.

Can you imagine the reaction if the FG says they want to sell Murtala Muhammed Airport to a private consortium of Nigerian firms?

All hell will break loose!

They will accuse Tinubu of selling off the country’s assets to his cabal and his cronies!

We have to decide if we want to be a capitalist nation or not.

In a capitalist economy, apart from civil projects like roads and bridges,

. everything else major you see is private sector - owned. Stadiums, universities, power plants, factories, refineries, hospitals, everything!

Here in Nigeria, you want the govt to own and run everything!

When a private sector firm like Dangote does something big, you frown on it.

But 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 inglorious gathering of professional malcontents pouring sickening invective on the refinery!

I mean, who did this to you people?

Vischy:


Dangote is a private business meant to profit private pockets but APC supporters have been celebrating like it's a national asset that will profit the common man.

.
Dangote really scam CBN and the collective hope of Nigerians.

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