₦airaland Forum

Ishilove:
Stories like these just makes my blood boil

MajorOvakporaye:
Tinubu the drug criminal has finished this country. So university lecturers now dance to entertain their students?

“Though painful in the short term, the removal of fuel subsidies is designed to free up budgetary resources for critical investments in infrastructure and social services.

“The adjustment of the monetary policy rate, a move aimed at curbing inflation and fostering a more market-oriented exchange rate system,” he said.

BarrElChapo:
I thought some days ago, it the news that NNPCL would be the sole buyer of PMS from dangote just as they're the sole importer of fuel in Nigeria ? Was it an incorrect information?

iwaeda:
If Dangote's refinery is up and running, there will not be this much noise. The truth is we are still test running. Gwo gwo ngwo.

iwaeda:
Dangote refinery the more you know, the less you understand. We are still waiting for the petrol to flood the market.

Ebubu:
White elephant project. This is not the need of Anambra state. This is supposed to be private sector driven. Government has no basis to be engaging in building hotels or recreation center. Is thriving landmark owned by govenrment? Some things are better left for private sector

Anambra's single lane and dilapidated, narrow roads need to be dualised. Tiny one lane roads yappa for Anambra state. And they're not even tidy .

RealTrump:
This reasoning no follow. Is Dangote paying the same salary as international refineries? I can bet 95% of his workers earn less than $100 per month, he is know for paying peanuts anyway.

It's you people that are having hope on Dangote, I have long predicted that Dangote fuel will be more expensive than imported ones.

fineboynl:
For a seconds .at first I thought it was the faruuk at US detention. Then I remembered that guy will be around 37.

Lifestone:
Dangote is already the biggest exporter outside the oil sector with his fertilizer company beside the Refinery. He export fertilizer to Brazil and USA significantly. Currently the biggest buyer of his aviation fuel is Europe. With the production of Petrol from the Refinery, he will further increase his share of that sector.
BUA currently produce and sell locally and if Dangote can get into export market he can. Now this is where it gets interesting,
Dangote has cried out that increasing MPR to 26.75% in July 2024 will mean Banks Lending rate will be as high as 37.75% at the minimum. Which business can access do business and make profits at such rate? It also make Nigeria products less competitive in the international market.
Currently Nigeria need to reform the export protocol. Minimum of about 15 agencies will need to interact with you before you can successfully export your product (I'm talking from first hand experience). Customs needs to be reformed and a special window created for export business. There are so much to do.
On our crude, Nigeria's OPEC quota is 2.2million bpd and we are currently doing 1.3million bpd until recently it was below 1million under Buhari. Stop crude theft, you in Government, you have the power, just stop it and remove impediments and we will have more sales, more dollar and less pressure on Naira.

idowuswap:
... almajiri talk with sense mumu boy...why can't u do the same by kidnapping children and see if police will arrest u or not