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PoliticsRe: Article Exposes How Northerners Use The Central Bank To Loot Nigeria by Aconomist(op): 12:30pm On Dec 25, 2020
omenka:
Just look the level of hate oozing out your nostrils on Christmas day.

No kill yourself o. I wonder when some of you find the time to simply be happy, smile with family members, have fun, make love, etc. Just like normal human beings do.

Everyday, HATE, ANGER, HATE, and more ANGER.

Don't you just feel exhausted? huh
Maybe when the naira falls to $1 to 1000, you will wake up. Meanwhile, continue suffering and smiling. Merry Christmas!
PoliticsRe: Article Exposes How Northerners Use The Central Bank To Loot Nigeria by Aconomist(op): 12:19pm On Dec 25, 2020
Meanwhile foolish Yoruba think Igbo is their enemy.
PoliticsArticle Exposes How Northerners Use The Central Bank To Loot Nigeria by Aconomist(op): 12:14pm On Dec 25, 2020
People from Northern Nigeria are popular for two things—selling "Suya" and operating bureau de change (BDC) businesses —how come most BDC operators in Nigeria are from the north?

The time BDCs were introduced coincided with the period Abdukadir Ahmed, the longest-serving Governor of the CBN, was still in charge of the apex bank. Ahmed, a northerner, was the CBN governor between 1982 and 1993. His reign was also during the democratic government of Shehu Shagari and the military regimes of Generals Muhammadu Buhari and Ibrahim Babangida— all northerners. Nigeria operates a very strong political patronage system, where incumbents are politically incentivised to directly benefit their kinsmen.

There is an unspoken allegation that the licensing process for BDCs were thus skewed to favour applicants from the northern part of the country.

We were selling any volume to the BDCs at ₦22/$ while they were selling it outside at ₦80/$. I was at the former Chartered Bank then and used to wonder why that was allowed," said Mr Obasan. This arbitrage opportunity created a major wave of currency trader millionaires in the country. It was a government of the cronies, by the cronies and for the cronies.

https://www.stearsng.com/article/why-mallams-dominate-nigerias-bureau-de-change-market

BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 5:18am On Dec 24, 2020
Kekereekun123:
only nnpc has been importing fuel since subsidy ended
O.K. if that is the case, I'll concede that point.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 5:05am On Dec 24, 2020
Kekereekun123:
so unfortunate you lack sense. Have you seen any vessels bringing fuel there or tankers taking fuel from ibeju lekki area. The internet sadly allows many stupid people to type ctap
I never said he is using the refinery site to import fuel. He is using the forex to import fuel. This is the same thing he does with sugar. The CBN gives him access to forex to produce sugar from his farms, but he uses most of the forex to import sugar and makes excuses why the farms aren't working. Rabiu is engaged in the same business.

For every 1 ton of sugar they produce, they are importing 99 tones.
PoliticsUpdated Image Of The Lekki Deepsea Port Construction by Aconomist(op): 4:57am On Dec 24, 2020
Transport Minister Amaechi says port will be operational by 2022. At that time, it will be the deepest seaport in Nigeria, expected to ease congestion at Apapa and Tin Can. The site is located right under Dangote's refinery in the Lekki FTZ.

BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op):
If you ask me, I think he is using the project as an excuse to obtain forex at the CBN rate.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 4:38am On Dec 24, 2020
DSoj:
Someone whose father cannot build ordinary bread shop is calling Dangote a scam... grin thunder that will fire u is doing press up
Provide evidence that the refinery is not a scam. I want this project to succeed more than you do because it is the only hope of Nigeria escaping stagnation and developing an industrial economy. However, Dangote doesn't seem to be serious about the project. I've been following this project since 2016 -- every year, Dangote says the refinery will be complete. But there is always an excuse.

First he delayed it because of flooding. Next it was inability to access steel. Now, it is coronavirus, etc. Something is fishy. And we should be demanding answers instead of acting like children. I don't know why Nigerians must behave like dumb monkeys; always suffering and smiling and defending the indefensible. Wetin you dey lose if I pressure Dangote to stop lying to the public and make good on his promises?
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 4:23am On Dec 24, 2020
Godons1:
IGBO MAN, stop hating DANGOTE. Na to dey hate person wey pass you, you sabi. The North leads while others follow. grin grin

Dangote Amaka
For the last time, I'm not igbo. Your racism against those people is clouding your judgement. Every bad thing in Nigeria, you blame on Igbo. And delete that creepy picture, pls.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 4:11am On Dec 24, 2020
Moderators: please put this one the front page. Maybe we can catch Dangote Group's attention and get a response from him. This is a very important project for the industrialization of Nigeria, we can't let it be abandoned.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 2:35am On Dec 24, 2020
ajailer:
ya, for real tho. a friend of mine who is an expat told me about the lie being propagated by dangote. he said d place can only function at 25% capacity. what a sham job. d rich keeps exploiting us.
Notice how Dangote has constructed so many tank farms and his own port? He is using the refinery as a cover for mass importation of petroleum into Nigeria.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:47am On Dec 24, 2020
blamingthedevil:
Shataappp mumu , what are the outputs of refined crude oil? You think it is only Petrol , Diesel and Kerosene?

I don't even know am replying ignoramus who didn't learn anything from Chemistry in Secondary School.

You better go back and read your chemistry book.
Fertilizer production is a completely different business than oil refining. Fertilizer (urea, ammonia, NKP) is made with natural gas while refining uses crude oil. So far, Dangote hasn't completed anything related to crude oil.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:45am On Dec 24, 2020
[quote author=blamingthedevil post=97371978][/quote]Fertilizer production is a completely different business than oil refining. Fertilizer uses natural gas while refining uses crude oil. So far, Dangote hasn't completed anything related to crude oil.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:40am On Dec 24, 2020
Ever8090:
Ibo man, no allow hate kill you oooo...the world is wide enough for every tribe and individual to do their own thing so just stop...
I am not Ibo.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:36am On Dec 24, 2020
Ever8090:
Oga...go build your own complete am..leave Dangote with him abandon refinery..person no dey big pass una...5 kobo you no get but bad mouth and hating on people that, till the world ends, no body from your generation go reach him level na him you dey do..
Dangote is given special privileges by the Nigerian government, and allowed to monopolize key industries. We DEMAND that he complete these projects. He owes us a functional refinery after all the profit he makes from Nigerians.
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:34am On Dec 24, 2020
blamingthedevil:
Op, what are you smoking? Stop your bad belle and start thinking of your miserable life.


https://www.youtube.com/watch?v=zTr5Bl1KwkU
The images they are showing in that video are the fertilizer plant, not the real refinery!
BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:21am On Dec 24, 2020
Here is the Dangote petrochemical and refinery complex. The section highlighted in red in the moribund fertilizer plant (which was supposed to start production n December but will never start). The news media has been using this small section to mislead the public that that is the real refinery. The real refinery is the empty wasteland to the left of the image.

Dangote has only built tank farms, but there is no real refinery here.

BusinessRe: Dangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op): 1:15am On Dec 24, 2020
Here are more images of the Jamnagar refinery in Gujerat India. This is what a real refinery is supposed to look like.

BusinessDangote Refinery Is A Scam: Project Isn't 10% Complete by Aconomist(op):
Dangote's 650,000 bpd oil refinery is a scam of epic proportions. Every year Dangote extends the completion date. First he said it would be complete in 2016, then he extended it to 2018 -- now, he is saying 2021. But in reality the project will never be completed. The project is already abandoned. There has been no workers or serious construction activity for several years.

The news media is using pictures of Dangote's moribund fertilizer plant and saying that is the core refinery. Na lie. I have obtained recent drone footage of the real refinery. Here is conclusive evidence that the project isn't even 10% complete.


https://www.youtube.com/watch?v=sIbVfQlEId0&t=160s

Compare the pathetic state of the Dangote refinery to the functional Jamnagar refinery in India.


https://www.youtube.com/watch?v=h1uFDVdR_ug&t=72s
EducationRe: Afe Babalola: 'Nigerian Graduates Are More Dangerous Than Illiterates' by Aconomist: 12:37pm On Dec 23, 2020
This monkey is talking about the "Magellan line, adjunctive adjective, superlative clauses" and other nonsense, when we should be focusing on mathematics and industrial sciences.
PropertiesRe: Eko Atlantic - Nigeria's Answer To Dubai. New Constructions And Update by Aconomist: 3:39am On Dec 22, 2020
Ever8090:
The project is too slow...trust Nigeria,it will soon be abandoned
It is not managed by nigger-areans. The contractors are Lebanese.
PoliticsRe: Is President Buhari Back From Daura Or Still In Daura? by Aconomist: 3:34am On Dec 22, 2020
Don't you know Buhari died long ago?
PoliticsRe: How Is The Electricity Bill In Your Area? by Aconomist: 10:29pm On Dec 21, 2020
Goodluck Jonathan is the worst thing to have ever happened to Nigeria. I don't know why that ape is still a free man.
PoliticsRe: Buhari Linked Nigerian With Cameroon With Newly Commissioned Bridge by Aconomist: 10:24pm On Dec 21, 2020
To be honest, that bridge is too narrow. I don't know what the engineer was thinking. The traffic will be too much.
PoliticsRe: Buhari Linked Nigerian With Cameroon With Newly Commissioned Bridge by Aconomist: 10:22pm On Dec 21, 2020
Meanwhile that incompetent fool Geoduck Jonathan is still alive.... smiling.
PoliticsRe: Buhari's Infrastructure Projects Expose The Stupidity Of Goodluck Jonathan. by Aconomist(op): 2:50pm On Dec 21, 2020
peacekante:
Sad truth. But I do not support the use of fowl language on anyone
Foul language is a mercy on these savages. In a just world, they would meet the guillotine.

This is how Europeans solved corruption in the 18th century. Nigerians should learn something.

PoliticsRe: Buhari's Infrastructure Projects Expose The Stupidity Of Goodluck Jonathan. by Aconomist(op): 2:12pm On Dec 21, 2020
marsman:
Am glad you are now seeing why we voted out Mr Jona, the south West suffered the useless buffons ineptness more. Something is telling me that, this account has been hacked.
Jonathan is a dumb animal. The successful infrastructure projects of the Buhari regime make it clearer and clearer. That corrupt cretin should be arrested to make an example for the future because Nigeria can't go back to that kind of low IQ leadership.
PropertiesRe: Why Don't Builders Use Steel In Nigeria? by Aconomist(op): 1:16pm On Dec 21, 2020
Reference:
In Abuja they say there is land, there is land. No need to climb. The peoole fall for it and build miniscule buildings called bungalows stretching as far as the eyes can see then the problem starts.

No roads, no electricity, no water and the police cannot reach you in case of emergency because you are nowhere to be found thoughtless of fire or ambulance services.

If reasonable planning was implemented in a city like Abuja with a view to vertical living, every soul from Bwari to Gwagwalada to Nyanya can be comfortably housed between Wuse and Garki districts alone with superior quality services and manageable cost of living.

But it wil only be possible if steel becomes the material of choice in large scale infrastructural projects as a going concern.
Abuja doesn't even have a respectable business district. It is just endless low density sprawl. Nigerians are stupid past monkeys. We can't do anything right -- even a in a "planned city" we repeat the same mistakes that made lagos so unlivable.
PoliticsBuhari's Infrastructure Projects Expose The Stupidity Of Goodluck Jonathan. by Aconomist(op):
I am a notorious anti-fulani activist. But, even I have to admit that Buhari is among the best presidents in Nigerian history, especially compared to that monkey Goodluck Johnathan. Can you name one infrastructure project that that worthless stinking creature completed during his administration -- despite enjoying oil prices of $80-100?

Meanwhile Buhari has delivered rail lines in Warri, Lagos, dredged the Niger river, started a port in Akwa Ibom and Lekki, commissioned a refinery, etc. I would take Buhari for the next 100 years before allowing another village idiot, half orangutan corrupt pile of excrement like Goodluck Jonathan befoul Nigeria again.
PropertiesRe: Why Don't Builders Use Steel In Nigeria? by Aconomist(op): 1:02pm On Dec 21, 2020
Reference:
In Abuja they say there is land, there is land. No need to climb. The peoole fall for it and build miniscule buildings called bungalows stretching as far as the eyes can see then the problem starts.

No roads, no electricity, no water and the police cannot reach you in case of emergency because you are nowhere to be found thoughtless of fire or ambulance services.

If reasonable planning was implemented in a city like Abuja with a view to vertical living, every soul from Bwari to Gwagwalada to Nyanya can be comfortably housed between Wuse and Garki districts alone with superior quality services and manageable cost of living.

But it wil only be possible if steel becomes the material of choice in large scale infrastructural projects as a going concern.
Nigerians are idiots. We don't have what it takes to build a modern society.

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