₦airaland Forum

BigSarah:
Why is this government making it seem like Dangote is a saviour or something, all I know is they're aligning to stick it up the rectum of the already worn out economy.

Because, while most Nigerians keep driveling on that the government should “create jobs”, governments actually do not create jobs (that is, outside of the administrative/regulatory bureaucracy). Rather, it is the PRIVATE sector that actually creates the most jobs and apparently “this government” (which admittedly is clueless and inept in so many ways) recognizes that and I’d creating the proverbial “enabling environment” for Dangote and folks like him to create jobs. This refinery, petrochemicals and fertilizer complex will not only create thousands of JOBS IN NIGERIA FOR NIGERIANS (both direct and indirect), but it’s products (such as the petrochemicals and the fertilizer) would feed other industries in Nigeria that would (or should) thousands of other JOBS IN NIGERIA FOR NIGERIANS! And Nigeria’s salvation lies in JOBS fir its teeming youths.
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Yankee101:
Special treatment already?

How? Is Naira no longer the legal tender of Nigeria?
Or when you go to buy Agege bread, do you use dollars?!
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tnerro1:
Bros, am from the south south, if I no give you crude oil, dem go use that refinery take do hotel ooooo

We have discovered oil in Lagos.
So we’ll keep “our” refinery (and of course we can always buy crude elsewhere, even Ghana or Chad sef).
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wolement:
At a time when the world is abandoning oil for cleaner energy. What a great move

The world is NOT abandoning oil.
We should reduce global dependence/use of hydrocarbons but it will remain part of the energy mix for decades to come.

Two of the most environmentally-conscious nations in the world, Norway and Canada, each issued their highest-ever number of oil exploration licenses in 2020, while the world’s super powers are presently battling over the Artic’s hydrocarbon resources. There are massive refinery and other hydrocarbon projects currently in the pipeline in EVERY continent/region of the world, with the $43 billion Alaska project probably the largest. Obviously we should join the global movement in developing renewable and alternative energy sources (and of course we are doing so as well), but please do not be fooled into believing that the world will abandon hydrocarbons anytime soon.

Even the electricity for electric cars mostly relies on hydrocarbons (high-pour fuel oil or gas) for its generation.
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tnerro1:
Well, when the north and south go there separate ways, I know the property me and my boys will take over in the south

And then when the South-East, the South-West and the South-South go their “separate ways” the Omo-Onile know which property they’ll be taking over...
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surgical:
oga dangote has never been rational,he has always been using his advantage to rip Nigerians off,his prices are usually not friendly,despite the concessions he usually get from our common patrimony,this will not be different,we ve seen it in cement,sugar,his product will not sell less than 200naira/litre

As opposed to the “cheap” fuel are you currently getting from the other (government) refineries...oh wait, there’s none!

Even though I would doubt it because landing costs will be eliminated, if nonetheless Dangote decides to sell it for N200/liter (ie, less than 50 cents), it’s because that’s what the market rates should be and that’s why he remains in business while the government refineries lost N154 billion in 2018 (according to the NNPC’s last published audited financial statements) while producing almost ZERO refined fuel products.

The problem with most Nigerians is that they are deluded into thinking they are getting (and are even entitled as a birthright to) “cheap” fuel, but everything has a COST (one way or another). Accordingly, the trillions of Naira that the federal government spends to keep imported fuel “cheap” in Nigeria is BIGGER than the budgets for each of education, healthcare, public/affordable housing agriculture, etc.

Meanwhile, the stark irony of the dumb “cheap” fuel policy is that pricing of the products that most affect ordinary Nigerians are all DEREGULATED - kerosene used as household fuel, diesel used for long haul transportation (including of foods and goods), and aviation fuel. Meanwhile, the BIGGEST owners of ordinary cars in Nigeria are the federal and state governments. In effect, they’re subsidizing themselves!
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GboyegaD:
Hmmm....when will they start selling gas to the Gencos and Discos in Naira?

Gas pricing in is calculated in dollars, but sold in Naira in Nigeria (and Discos do not buy gas)...
It will be the SAME for crude oil. Calculated according to market prices but sold in Nigeria in Naira.
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alexola20:
Dangote is a wicked front to many political and economic saboteurs in Nigeria.

The refinery is not solely owned by Dangote but conglomerates of thieves.

I wish people can just rise up one day and show these thieves that we are not all stupid.

Kill them and their family,no rat will be spared in the houses.

Boko Haram mentality...
Those who cannot build find it easy to destroy. SMH
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9jaRealist:
What is Dangote’s business that the Nigerian government is too incompetent to operate its own refineries - despite spending billions in Turn Around Maintenance contracts and employing thousands of workers, while producing little or no products? What is Dangote’s business that the government-owned refineries, while maintaining a MONOPOLY grip of the Nigerian market (since there were no other producers) still LOST N154 billion in their last audited financial year statement released in 2019? What is Dangote’s business that whenever the subject of privatizing those loss-guzzling refineries is broached, many Nigerians ignorantly rush to the streets in protest (despite the ineptitude of those refineries actually costing ordinary Nigerians real money in the firm of higher fuel and transportation prices, and increased inflation therefrom)? And what is Dangote’s business that at least 28 other applicants were granted private refinery licenses, going all the way back to the Obasanjo administration, before he secured his own license (under the Jonathan administration) and yet no one else seem to able to do what he is doing (of course, except for the BUA Group that is also building a big refinery in Akwa Ibom State).

Anyway, many Nigerians seem to venerate failure (the government refineries) while denigrating success. That’s why Nigeria is going backwards!
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Thelife:
common show us any of those 28 license private refineries that your government is selling crude oil to in naira? just one.

What was it about the highlighted part of my post was too difficult to understand?

Of course if all those other licenses were able to build their own refinery projects, Nigeria probably would not be currently importing fuel (and perhaps the Dangote refinery may even have not been necessary). Nonetheless, each of the Waltersmith Refinery in Imo State, the Edo Modular Refinery, and the Orient Refinery, would each buy their crude oil supplies in Naira.
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Thelife:
and the commoner suffer as usual, I saw your comment about how dangote and bua help us stop importing cement. seriously your dangote and bua should have just leave us to keep importing our cement because way back before they venture into it, average Nigerian DA afford it without stress but after they venture into it, what happen?

it occur to me that the idea of producing our own goods in Nigerian is not because they want the citizens to buy at cheaper rate but it because they want to keep extorting the average Nigerian and then enriching the elite.

Shame on Nigeria.

LaFarge is a foreign company. In fact, it is the world’s BIGGEST producer of cement. How much does LaFarge sell its cement in Nigeria? Is it cheaper than Dangote or BUA cement? If you think that imported cement will still cost Nigerians the same as it cost when the Naira was N118 or N168 to the US Dollar (let’s not even go as far back to our parents time, when the N1 was almost $2), when the Naira is now officially N410 to the US Dollar (and unofficially about N500/$1), then I am afraid you are being more than a tad delusional - and that’s even before you add shipping costs (including the high insurance rates because of the piracy-infested Gulf of Guinea shipping lanes).

Most important, though, is that the local production of cement in Nigeria by Dangote and BUA creates TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS (direct and indirect) along the entire value chain, thereby creating wealth locally in the Nigerian economy and generating tax revenues (both corporate and income taxes) for Nigerian federal and state governments, which revenue should ideally (if the politicians are not stealing or embezzling it) be invested in public infrastructure, schools, hospitals and transportation, among other things. Meanwhile, guess who gets the majority of those JOBS being created in the local economy - commoners!
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cugardmalino:
Nigeria has 5 not working refinaries and nobody is saying anything. We all are waiting for that one 1 man. Open your eyes and see that this country will soon be on motgage to Dangote. Also no forget say the 5 not working eats a whopping N10b monthly for maintenance. Na Dangote go soon buy all the 5 of them for N100. E no go better for our leaders

What is Dangote’s business that the Nigerian government is too incompetent to operate its own refineries - despite spending billions in Turn Around Maintenance contracts and employing thousands of workers, while producing little or no products? What is Dangote’s business that the government-owned refineries, while maintaining a MONOPOLY grip of the Nigerian market (since there were no other producers) still LOST N154 billion in their last audited financial year statement released in 2019? What is Dangote’s business that whenever the subject of privatizing those loss-guzzling refineries is broached, many Nigerians ignorantly rush to the streets in protest (despite the ineptitude of those refineries actually costing ordinary Nigerians real money in the firm of higher fuel and transportation prices, and increased inflation therefrom)? And what is Dangote’s business that at least 28 other applicants were granted private refinery licenses, going all the way back to the Obasanjo administration, before he secured his own license (under the Jonathan administration) and yet no one else seem to able to do what he is doing (of course, except for the BUA Group that is also building a big refinery in Akwa Ibom State).

Anyway, many Nigerians seem to venerate failure (the government refineries) while denigrating success. That’s why Nigeria is going backwards!
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chrisxxx:
This country is truly mortgaged to Dangote. Nigeria needs to carry out her foreign obligation.

Abegi, what “foreign obligation” is that?

That Nigeria should continue importing FOREIGN fuel and supporting FOREIGN jobs?
Or that Nigeria should sell crude produced in Nigeria to a Nigerian company in FOREIGN currency? SMH
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Thelife:
you mean after dangote have skyrocket the fuel price finish? we know how it work you fool.

If that is the case, then it’s even BETTER for those other refiners...
They can simply sell their own products cheaper and cannibalize Dangote’s market share.
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Godarz:
Good idea

But if you want a better idea remove subsides. Allow Dangote to charge the prices he wants

So that there is enough profit to keep the refinery running welll

Subsidies have been removed (allegedly).
Dangote will buy crude oil and sell products at market prices.
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Siberia01:

Mr. monopoly on the beats again
infact every Nigerian girl should be married off to dangote

cashinnaira:
Just like Cement

Refinery: Government-owned refineries, BUA, Waltersmith, Edo, Orient, etc.
Cement: BUA, Ibeto, LaFarge (the world’s BIGGEST cement producer - has been in Nigeria since the 1950s/60s)
Sugar: BUA, Flour Mills (Golden Penny), etc.
Tomato Paste: GB Foods (in more than 50 countries worldwide); Tomato Jos, Ericso, etc.

Abegi where is the “monopoly”?!
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udoka2013:
We are watching. Dangote this, Dangote that. I am beginning to understand that, there are some hiden facts concerning this company. Because of this company the border was opened recently. The fuel price was increased because of their refinery. Cement was meant to favour them over their competitors. Foreign exchange favours them. Now again, central bank governor visits them with a gigantic grant. And many more. Other companies should enjoy the same favour as Dangote. That is my stand.

How can fuel price be increased because of a refinery that is uncompleted and probably a year away from commissioning?

Domestic fuel prices are increasing in Nigeria because Nigeria is too INCOMPETENT to produce its own fuel (motor vehicle and aviation fuel). A country that is one of the world’s biggest crude oil producers has DUMBLY AND INCOMPETENTLY also become simultaneously one of the world’s biggest importers of fuel. Accordingly, because Nigeria imports almost all of its fuel needs (keeping foreign refineries in business and providing JOBS for their foreign workers and foreign shippers), whenever the international price of crude oil goes up the price of fuel imports correspondingly go up as well (crude oil being the basic raw material of refined fuel products). In addition, whenever the exchange rate value of the Naira falls (which seems to be virtually every week these days), the price of domestic fuel goes up because it means that we need more Naira than we previously needed to buy the same dollar amount of fuel.

Btw, Dangote (together with the BUA Group) has turned Nigeria from reportedly the world’s second-largest importer of cement (only behind the US) to a net exporter of cement, in the process saving Nigeria the billions of dollars of scarce foreign reserves that Nigeria used to use to import cement, earned foreign currency for the country from its cement exports, and created TENS OF THOUSANDS OF JOBS IN NIGERIA!
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TheWrita:
I don't understand the headline and I'm not going to read the rest of this story to avoid being irritated this Sunday morning
FG is planning to do what?sell oil?
Isn't dangote refinery ...drilling for oil?
I'm sure some people are already rushing the comment section to defend and explain rubbish.
You guys are too dumb to understand that the country you THINK you are a citizen of ..actually belongs to a few old men.
They are just sharing things among themselves.
Sad!

Refineries do NOT drill for oil...

Exploration and production companies drill for hydrocarbon reserves and (and if they find it in commercial quantities) thereafter produce crude oil. The refineries then buy the crude oil (which is the raw material for their products) and the REFINE it (hence why they are called ‘REFINEries’).

Meanwhile, not a good look to brand others as “too dumb” if you are struggling with even the basics. Humility bro! SMH
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Emary:
So the plan is to sell this man our crude at cheap rates, only for him to resell the refined products to us at even higher rates than importers currently do? Real monopoly. Well, at least after this, we should hear no more about subsidy.

Why would assume it would be a “cheap rate” because it’s sold in Naira?
It would still be sold at the Naira equivalent of the current international crude prices.

Nonetheless, suffice it to point out that the Naira is actually the ONLY LEGAL TENDER OF NIGERIA. As the CBN itself constantly warns airlines, hotels and other businesses, it is actually ILLEGAL to charge for goods and services IN NIGERIA in any currency other than the Naira (although we all know that Lagos landlords and some other service providers do so under-the-table all the time). Crude oil produced in Nigeria and sold in Nigeria should logically be priced in Naira.
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I agree that any such state should be shut down - but NOT in protest.
Instead, all government activities should be shut down and the entire state machinery be devoted to rescuing the victims!
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calcal:
This is a governor and not a puppet like Sanwo-Olu, Sanwo-Olu needs to take permission from his master Tinubu to attend SW governor' meeting

And yet his people are running off to Lagos to do Okada and/or whatever else they can find....EKO ONI BAJE!
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ibedun:
Get over it, Ned Nwoko's brother.

Assuming then that you are confessing to having NOTHING....

Meanwhile, the mere fact that you think someone has to be another person “brother” to exercise the basic decency of not joining in the cyber-lynching and slander of the person also says a lot about YOU, and is again another sad self-commentary. It is the sort of primitive ethnocentric mindset that has kept so many Nigerians stuck in the Stone Age. SMH
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ibedun:
The man is a million times better than Ned Nwoko, just that stupid black people of Nigeria don't know it.

Nwoko is spending public money and living his lavish lifestyle on conversion of public funds.

Before you argue provide us his verifiable source of income, list of functioning businesses and his tax liabilities.

Nonsense!!!!

And just btw, the highlighted line says a lot about you - and it’s a truly sad self-commentary...
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ibedun:
DON'T make me laugh!!!!!

Successful lawyer in the UK? Do you mean United Kingdom abi somewhere else?

Infact now I am laughing at your ignorance. Queen counsel ko, King counsel ni!!!

You can laugh and wallow in your ignorance...
It still doesn’t change the FACTS (not opinion) that he was a prosecutor of the crown, worked in a UK firm and started his own chambers.

Again, I have no privy as to the source of his current wealth...
But, unlike you, I do not presume that it is illegal based on nothing more than his being a. member of the House of Reps for 4 years.

Nonetheless, I am always open to evidence or information that I may be previously unaware of...
Learning is LIFE-LONG, and (obviously unlike you) I am always willing to CHANGE my worldview based on new information.
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Amanda4life:
Yes I do.

He kicked against it. And I listend.

Its almost late for such, cause I have seen need to be around my children, long hour Job will take me away from them.

But I will try

He wants to control you and your destiny...
It’s up to YOU to decide what the rest of life would be.

Setbacks/negative experiences in life is inevitable...
But we grow through the lessons we learn from these experiences.

GOOD LUCK!
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ibedun:
The man is a million times better than Her Hello, just that stupid black people of Nigeria don't know it.

Nwoko is spending public money and living his lavish lifestyle on conversion of public funds.

Before you argue provide us his verifiable source of income, list of functioning businesses and his tax liabilities.

Nonsense!!!!

Not at all an admirer of Ned Nwoko...

And can’t claim to know whose money Ned Nwoko is spending (unlike you), so I cannot hold brief for him...
But suffice it to note that he was a successful lawyer in the UK (where he started as Crown Counsel) before returning.

Meanwhile, it’s not like he was a Governor or Minister, but merely a House member fir 4 years...
Without holding brief for him, a mere member of the House of Reps is not a position that one could embezzle billions.

PS: If we precipitously proclaim every public officeholder a thief...
Then we shouldn’t wonder nor complain why enlightened people avoid public office in Nigeria, leaving us with Agberos.
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VERY CLASSY AND VERY WELL DONE...
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jlinkd78:
How and when did they make these beautiful clothes that fit them to size. These children obviously look like children of d elite that came back from exotic excursion not those under d weight of trauma and uncertainties of being in d den of kidnappers

Some skepticism always provides a good balance in life...
But blind cynicism is destructive, and sadly many Nigerians have embraced the latter.

You can see the kids when they were first released/rescued...
They were then transported to a hotel, bathe, fed and generally cleaned up.


https://www.youtube.com/watch?v=bHemPV8VBKk

economerica:
I want a non-chatolic Christian female employed lawyer for a serious relationship

I am a federal civil servant who can be transferred to some states especially in the south

I am currently running my PhD

I am single, never married with no child

I am a Christian, 40 years of age

I am a youruba, I prefer any southerner

eautocorrelation@hotmail.com

Wrong thread...
But sad that seemingly the most important thing for you in a mate is her PROFESSION! SMH
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zedegit:
The man doesn't provide for her. He's a loafer; always in one betting shop or the other but feels entitled to food.

He bares her from coming home after 7pm and often locks her out of the house.

Yet same nincompoop comes home anytime he wants. What should she do?

She's tired of his nonsense.

She’s not truly tired (or perhaps still believe that she can teach an old monkey new tricks)
Otherwise, she would have left his lazy, entitled, sexist, and insecure arse a long time ago. SMH
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slawormiir:
Damnnnnn niggarrr
Isoright..... always in one betting shop...this is to say he is a real niggarrr
First of all gambling is good....
For every day we wake we are faced with more than a hundred ways to become a millionaire of which gambling is among
A big shout out to all my fellow gamblers, risk takers, high rollers, punters and stakers
Your aunt husband should not quit. Because quitters don't win and winners don't quit

secondly... stop calling him a nincompoop because he is a broke asss niggarrr for now...
Let me tell you a secret son..... being broke is good but staying broke for too long is the bad thing
I can bet my balls he is not going to stay broke for too long.... because brokenness is not of the lord
2 seconds every where go bust....na there area go take scatter ...he go first buy your aunty lexus RX 350...your aunty go begin dey give am different style for za oza room..

Not sure what bothers me most about this post....
That someone actually thinks this way or that several actually signed on to it. SMH

Gambling is most definitely NOT good. You seem confused by the fact that many people colloquially use the term ‘gambling’ to refer to risk-taking. Actual gambling of the sort referred to here (presumably sports betting) is NOT the same as calculated risk-taking that most entrepreneurs and successful persons undertake. On the contrary, actual gambling (such as sports betting or even lottery) is ENTIRELY DEPENDENT ON LUCK. Stripped of all intellectual pretensions, it is a loafer’s lazy substitute for hard work and actual risk-taking! Added to that, it’s often addictive nature (and dude here sure sounds addicted) is dangerous, especially for such a jobless nincompoop.

Furthermore, being broke is most definitely NOT “a good thing”! One could arguably let it slide if you had said that being broke is not necessarily a bad thing, but that is DISPARATE AND DIFFERENT from it being a good thing. Being broke (as with most of life’s other adversities) can sometimes teach us some good life lessons (that is, for those smart enough to learn therefrom, but unfortunately not everyone is), but most of such life lessons can also be easily learned without the necessity of the hardship and danger that comes with being broke. Meanwhile, since you brought up the Lord, here’s hoping that you’ve discovered the truism in the saying that the Lord helps those who help themselves.
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Kriss216:
He's now a loafer and nincompoop cos he's broke.

I doubt if you'll call him all that if he's someone like Ned Nwoko.

World people!

He’s not someone like Ned Nwoko probably because he’s a loafer and a nincompoop...
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