₦airaland Forum

monerozi5590:
Now, you know they are the sole importer. I can now rest my case.

monerozi5590:
Just forget this thing you are saying. NNPC are in charge.

Nigeria produce 1.6/7 barrels of oil per day. This is the official figures we know oh. The ones they corner and oil theft is not among oh.

If NNPC want to give Dangote crude, they can. As of last year they promised to sell to Dangote. But all of a sudden, their strategic interest doesn't align again.

monerozi5590:
That link I sent to you is two months ago. NNPC is the sole importer

At a meeting between key oil marketers in the country and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday to address the issues of incessant scarcity of petroleum products, the NMDPRA chief executive officer, Farouk Ahmed, emphasised that the NNPCL is currently the sole importer of petrol into the country.

This is as the major marketers lamented their inability to import petroleum products, despite having active licences to import

The PIA, which was signed into law in August 2021, was aimed at reforming the country’s oil and gas industry, including the downstream sector. One of the key objectives of the PIA was to encourage competition and attract private investment in the importation and distribution of petrol. However, the reality paints a different picture.

According to industry experts, the NNPC Limited has maintained its stranglehold on petrol imports due to its ability to access foreign exchange. This advantage has made it difficult for independent marketers to compete

Segedinho:
I don't think any sane person would want to risk buying an un-ideal fuel as announced by the NNPC chair


If NNPC repugnant post was about the price being too much, it would have been more logical....

We are yet too get d full gist on while he isnt able to saturate d federation with his fuel or possibly why he isn't being supplied crude at an ideal price..


I read, he grumbled on the price he was going to get Nigeria crude vs imported ones...

Importing crude even when we have surplus seems to be abnormal..


There is a reason we are yet to own a refinery.

larride:
US is one of the highest producer of oil in the world and they still import and EXPORT oil.

I don't understand why some people want Dangote to be the only one calling the shot with his refinery.

If your own oil is cheaper, marketers will buy it over the imported own because they themselves want to make profit and cut cost.

monerozi5590:
You didn't answer any of my question.

PIA was signed into law in 2021. Before then the petroleum market was not deregulated.

Prior to 2021, NNPC are the sole importer of refined petroleum products.

After 2021, NNPC are still the sole importer of refined petroleum products.

There are no marketers importing refined petroleum products anywhere.
https://leadership.ng/despite-pia-petrol-import-monopoly-persists/

There's no new entrants anywhere.

larride:
I don't understand this argument, should NNPC stop importation totally and rely on only Dangote refinery, is that the argument or bone of contention?

Do you think this is reasonable?

iamoyindamola:
https://www.nairaland.com/8162575/soyinka-intend-keep-quiet-tinubus


Shame!
Shame!!
Shame!!!
Abeg who get that got shame meme

monerozi5590:
This is logic and business. Will you allow that kinda of unfair advantage?

Who are the importers of refined petroleum products into the country aside NNPC?

Segedinho:
IMHO.

Dangote refinery would have impacted d country positively in terms of forex and "cut-cost".
Wheater monopoly or otherwise,we have think about its positivity.

We are over-reliant on imports and this has taken us aback...in a bid to maintain balance,we should encourage local satisfaction and exportation with his products.


We can as well begin the fight if and only if his price tag becomes dubious...

monerozi5590:
This is business oh. This is you undercutting local producers.

Let's say you and others have cement factory, will you as a person and the cement industry be happy for the import of cement into the country?

This year we saw how farmers in Europe protested against the import of Ukraine's farm produce into their countries .They protested because it will undercut their own produce.

What Dangote said is very very correct. NNPC importing in large volumes will undercut him and other local refineries. NNPC are still the sole importer of refined petroleum products into the country.

TrebleChamp:
This is not just about Dangote bro, we have seen foreign Company's leaving the Country recently. Govt should find a solution to this matter, so as not to discourage intending investors. That is my own position on this matter....

Theflint1:
A solid point is made on energy security, but I wonder if Nigeria's energy needs would be priority if for any reason he's getting better prices for his crude oil products outside Nigeria.

GloriousGbola:
otedola is one of the last people that should be talking.

man's fortune is 101% govt patronage

he used objs influence to chance everyone else

this actually ties with what blueraydick said - na when e no favor them dem go find mouth dey talk

GloriousGbola:
The point I am making is that normally once northerners are involved in rofo rofo, they will solve it internally. I witnessed an issue like that at a lower level. A contractor who should have been sacked and who was out of control. They resolved by meeting in oga at the tops place. I had worked with 'special' vendors but everyone still dey stay in their lane and try to respect process small. I am likely prejudiced but I have witnessed a sad decline I will probably discuss some day

Have you seen this

https://www.nairaland.com/8162311/dangote-some-nnpc-personnel-oil

GloriousGbola:
Anyone who has worked in a professional capacity in a structured corporate environment will have issues with nnpc. Nnpc is not run like a business. It is a collection of different scams where highly placed people make money off of artificially generated problems

You want an idea of how bad it must be - these are all northerners who normally band together.

iamoyindamola:
Who was that person that wants us to protest again


https://www.nairaland.com/8161658/tiktoker-junaidu-abdullahi-arrested-after

iamoyindamola:

First time entering Plane and this happened to him 😂 pic.twitter.com/HRxFT0Aimw

— Eric Boateng 🇬🇭🇩🇪 (@ericboatenggh) July 21, 2024

🤣🤣🤣🤣

Theflint1:
1 + X + Ororo + BF + Kim Kardashian = Peter Obi

izzou:
[color=royalblue]Speech to passers-by?

Abi dem dey expect guests?

See the guy wey carry speaker sef. Hand don dey pain am[/color]

izzou:
[color=royalblue]Do politicians prepare to give speeches when they visit construction sites?

Because how speaker and microphone take come out now?

Abi dem dey carry am for convoy?[/color]

izzou:
[color=royalblue]Errrmmm, as much as i understand you, he was not speaking for only himself.

BUA and any other local refinery would benefit from this too.

Unless the Monopolists now have an association[/color]

Segedinho:
No 3 has been answered already.

We taught we had 20% stake but Nigeria happened and we realised that 12.5% of the borrowed money went to the dreaded bottomless pit...

liveLongNprospa:
OH no I don't believe he wants to.
Eww.

I thought you meant premiumtimes twisted his words.

larrideX:
Dangote is not selling shit.

liveLongNprospa:
https://www.premiumtimesng.com/news/715819-exclusive-aliko-dangote-offers-to-sell-650000-bpd-oil-refinery-to-nnpc.html?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter


It's not

liveLongNprospa:
Lmaooo.. Where nnpc go see the money?

Ibime:
Put address on this

BlueRaydick, please help this fella with your @ meme of that lady pointing to address

Theflint1:
"We need his brain, not his body"

We know what we're doing.

God bless the USA.