mightyhazel:
lover of Nigeria,was dangote refining fuel when dollar was 180 naira and fuel at 140,and u ,out of 'immense love for Nigeria occupied Nigeria ?

Anyways our hope is that the govt can do whatever needs to be done to bring dollar back to 180 and even less

Reflect7:


Reno Omokri is a very intelligent fellow.

I could listen to him all day.

Richtaiwo:

No, that's not what he is talking about. He also never said Dangote owns Nigeria. So don't attempt changing what he said out hate for Nigeria. What he said is; change your dollars to naira (that's is you have any) before Dangote refinery products hit the market which will expectedly bring down the dollars.

Reflect7:


Because imported US crude oil is cheap. What we were importing was expensive REFINED petroleum products.



It’s a reversal of western practices in Africa, where they import our raw materials for cheap, then process and export for massive profits.

That’s exactly what Dangote is doing with US oil.

AmazingGenius:
Social Activist, Reno Omokri, has urged Nigerians to convert their dollars into naira.



https://dailypost.ng/2024/04/03/convert-your-dollars-to-naira-before-dangote-refinery-starts-omokri-to-nigerians/

mariahAngel:


No Nigerian hates Nigeria.
We all just want a Nigeria that is bearable to live in.

Tinubu is the biggest hater of Nigerians so far, in case you don't know.

Moneyboyz:
When did dangote start working for the interest of the country?

DrAkpamudehe:


Many of you are just uneducated illiterates. Only a jobless person will answer this your silly question

Badgers14:


Why most people like you ridicule yourself online.

DrAkpamudehe:


Go back to primary school and learn English before coming online to exchange words with your boss

mariahAngel:
You, come back to Nigeria naa. Yeye!

Dangote has become the owner and saviour of Nigeria we should all rely on.

bdon123:

Wat if dangote refuses to sell product in naira due to its instability

AmazingGenius:
Social Activist, Reno Omokri, has urged Nigerians to convert their dollars into naira.



https://dailypost.ng/2024/04/03/convert-your-dollars-to-naira-before-dangote-refinery-starts-omokri-to-nigerians/

Reflect7:


Because imported US crude oil is cheap. What we were importing was expensive REFINED petroleum products.

So the source of the crude is not that important insofar as it translates to cheaper home grown refined petroleum products and energy.

It’s a reversal of western practices in Africa, where they import our raw materials for cheap, then process and export for massive profits.

That’s exactly what Dangote is doing with US oil.

IbeOkehie:
There's never been a time it was more advantageous to hold naira over dollars on a long term basis.

This past weekend was very interesting because I got into some very deep, in person discussions about what Nigeria is all about. One of my interlocutors gave an elegant and convincing explanation of Nigeria as a FRAUD masquerading as a country. Somewhat complicated but easy to grasp.

Here's an intriguing post on this petrol issue -

https://twitter.com/ChikeMustafa/status/1302515902043348993?ref_src=twsrc



I'm betting this guy will be right. APC is a party addicted to government control. Why is the Nigerian government so keen on restricting access and use of dollars by ordinary citizens?

Time will tell. I'm going with the long term trend, it rarely fails. Abandoning Nigeria and their damned currency is one of the smartest financial moves I made in my own life.

Good Luck to Nigeria.

hedonido:


The people who really need the advice know this. Who takes these fools seriously? This retarded reno bastard is merely an influencer, paid to spew whatever his paymaster wants.

Only a re ta rd with significant dollar holdings would rush to change it to the worthless toilet paper they call Naira because one Bayo Onanuwhatever or reno said so.

Maybe only broke freelancers and other entry level pretenders with their few hundred dollars scraping for survival will be confused and rush to exchange their $200 to survive today's hardship.

The real 'horders' with real dollar stash are happy because they would gladly mop up cheaper dollars now to add to the lump they are holding. Same as the few wise people who mop up bitcoin. Because the only direction it will go is up.

Richtaiwo:

That's not what Reno Omokiri is saying. He said, if you have dollars, sell it out before Dangote products hit the market. Respond to that or heck out of the thread.

mariahAngel:
You, come back to Nigeria naa. Yeye!

Dangote has become the owner and saviour of Nigeria we should all rely on.

lesbiconverter:
Do we have functioning refineries other than Dangote's?

AmazingGenius:
Social Activist, Reno Omokri, has urged Nigerians to convert their dollars into naira.



https://dailypost.ng/2024/04/03/convert-your-dollars-to-naira-before-dangote-refinery-starts-omokri-to-nigerians/

MrGerald:
Dangote refinery won't bring anything down, with all the tech to keep that refinery working still need dollar exchange to that effect. Again local product are not always cheap here

dappydozzy:



Stay in your house dey analyse, dollar go prostate in no time as petroleum products flood the market, you are not wiser than people who are talking. Inventories for maintaining a refinery are not purchased daily, one of the major pressures on the Naira is importation of petroleum products, once it is removed, Naira will start getting stronger. Although a lot still need to be done which i think the Government of the day is ready to do. We just keep wailing here everyday, Inflation is not only in Nigeria, it is global. Monetary authorities are fighting inflation globally. In fact, if BRICS succeed with de dollarization , then the entire US economy coupled with huge debt burden will crash finally. Which will have an adverse effect on Europe. So Nigeria is a land of opportunities, majority of our pains and challenges are manmade not government. Once our mindset start to change, our country will be transformed.

rotadeco27:

In this situation he gets no option than to cooperate. The ripple effect of the real value of naira against dollar is what contributed to major parts of building that refinery, he has to aid the government in clearing the mess. When Emefiele was given them dollars without control, they should know that the time has come to support the government to bring back the country to economic viability. Something is telling me thG Tinubu is the best thing that has happened to Nigeria. Atiku or Obi could not have been able to handle this mess and get results as quick as we are experiencing it now. I hope he sustains. Nigeria shall be great again in our life time!

grandstar:


Search for Nigeria under the list

https://en.m.wikipedia.org/wiki/List_of_oil_refineries

Ikaeniyan0:
Are you trying to claim Dangote will be selling diesel, petrol, kerosene etc to Nigerian marketers in dollars?

anyilalaz:


Increase the volume
Economy don't entertain emotions, patriotism, propaganda etc
Stronger naira can only happen when we export crude resources, export export semi finished goods and more export export finish goods, then add up foreign direct investment and incentives and encourage diaspora remittance. Reduce the corruption inherent in forex from the government MDA's and bank big boys/girls.
Any other magic to shore up the naira is only but for short term, it's not sustainable