₦airaland Forum

COMPAQ:
We use trucks currently to move produce around the country. So if Dangote does the same, nothing would have changed to influence the price.

However the fact that we are no longer paying dollar related refinery salary cost, dollar related logistics and pipeline cost, dollar related shipping cost will help ease pressure on local petrol pricing, even if naira devalues.

Asides the feedstock, all of Dangote's other costs will be in Naira and not immediately influenced by devaluation.

Besides we are unlikely to pay the highest costs in the world because the petrol price in many countries has a heavy tax element but in. In UK, almost 50% of the price you pay is a tax. Same for most of Europe, but to lesser degrees. Thats why a litre of petrol is £1.24 in UK (N658), while in US where tax element is very small, its $0.60 (N230).

If diesel which is more expensive than petrol and unsudsidized and fully deregulated and has expensive shipping and foreign refinery cost in it is still N230, then locally refined petrol cannot go beyond that.

Thank you

COMPAQ:
A lot of what you pay for in price of cement in Nigeria is due to the inefficiency from the factory to the end consumer. Here we use trucks, which in turn suffer from bad roads, police on the roads, area boys etc. Will all the truck drivers not be paid? Will all the trucks not be maintained? In developed countries there is non of that. In Europe and America, cement is transported by rail. One fully loaded train will carry what 100 trucks will carry, yet it has one driver. All what I described above alone can add up to N500 to the price of a bag, if not more.

Now use this analysis to explain why we won't buy petroleum at the highest rate when the refinery is completed.

QuotaSystem:
Dangote's refinery will definitely be a game changer for the Nigerian economy.

What a genius strategy. Imagine a scenario where other African countries would be looking for Nigerian Naira in order to purchase Nigerian Petroleum Products. It would increase the organic demand for our currency thereby boosting its value significantly.



This does not make sense. There is no way Dangote's petrol would be more expensive because not only has the issue of landing cost been eliminated since we're no longer importing, but the market has also been deregulated (which is why we suffer price hikes whenever price of crude or USD rises).

You're right about elimination of subsidy which will save us significant amounts of money, but even greater benefits would come from saving millions of USD daily that would have been wasted to import refined petrol (a whopping 41% of our forex saved); further boosting our foreign reserves and the value of the Naira. The multiplier benefits from job creation and development of allied industries to support the refinery and petrochemical plant are better imagined.

Finally, the disgraceful economic anomaly wherein the 6th largest oil producer in the world is one of the biggest importers of petrol from less endowed countries, and continuously suffers whenever crude prices rise instead of enjoying the largesse like fellow oil producers, will finally come to an end thanks to Dangote's refinery. I wish him the best and I'm excited for Nigeria.

Can you please use this analysis to explain why Nigerians buy cement at the highest rate in the world despite having limestone in abundance?
I want to learn.

What a script!

What a script! Nollywood blockbuster.
Sheik Gumi the powerful dibia has done it again at no cost.

Nigeria may soon depreciate to the level of Somalia at this rate.

They only have voice when not in power. Thats how Mr Incompetence in Aso Villa deceived millions into voting him and the result is out now EVERYWHERE, EVERY SPHERE.

Atiku, could you have done any better?

The end is near. Nigeria had never been so divided and terrorised.

Arewa1stSon:
The Amalgamated union of food stuff and cattle dealers of Nigeria begins nation wide strike as they stop the movement of food stuffs and cattles to the southern part of Nigeria.

Is it true that over 300 giils were abducted in Zamfara overnight?

What a country!

Where innocent citizens suffer the sins of the wicked.

Two irritating Farm tools.

Nigeria finally cast

The Nigerian ecosystem has been disrupted with these security challenges and may never come back to normal.


A fufu seller and 5 million? Being a herder and at the same time kidnapper is a sorry case.

Jonathan tried educating you lots by building Almajiri schools all over the north but the useless northern leaders rubbished his efforts.

Most of these schools are now breeding grounds of bandits and boko haram. You bandits and unfortunate fulani terrorists should hold your leaders responsible and stop the wanton killings of innocent citizens.

Na fowl eat chicken, no question.

The cows in government have looted the money

All hands on deck for the mum elder statesman.

Has Buhari the President not betrayed this country?

The nomination of the most incompetent service chiefs ever in this country is the worst betrayal ever.

The president has shattered many hopes based on fake campaign promises and glaring incompetence and we expect
the compromised rubber stamp senate ever witnessed in this country to make amends?
The Nigerian constitution is only fit for cows as being presently witnessed.

We play too much in this country.

Mortal Combat fight.

Finish Him!!!!



Vagabonds in and out of Power wasting scarce resources in the name of cat fight.
Of what benefit is the demolition to the masses or the State?

New cases

New Figures







LORI IRO

NB.. Covid is real but it is a business in Nigeria, my Motherland.

A leopard can never change its skin even if it uses HYPO to bleach.

jumper524:
English dept most probably.
dominated by women and few..

If it's UI, it's likely to be Nursing Department, College of Medicine.

There are male nurses but very scarce. OP's like a needle in a haystack.

Arewa1stSon:
Dear jallohs!!

Stay strong and resolute!!

We are naturally strong and blessed...

We should be glad that the west begins to manifest on time!!

I understand the silence of our leaders!!

I now fully understand the game that is currently going on!!

I just pray the south succeed in sending every herdsmen away from their region!!

It bleeds my heart that this is coming from the West... But I'm not surprise!!

Let the west enjoy!

What do you have to say about the incessant killings, maiming and kidnappings by fulani herdsmen in the southwest?

IntersexSherry:
More

Oh! This lady from Unibadan that time.

And Nigeria is still searching for oil up north?
Oil will soon replace potable water...Our mumu never do.

[quote author=naptu2 post=97154944][/quote]g
The encyclopaedia... much respect sir.

It's a skit.

Price?

And what happens to the gold in Zamfara or the limestone in Ogun?

Your proposition is off the mark.

Price

Still available for pick up

deeptechcool:
UK used Samsung s10 double sim

Clean and 100% perfect

Back nylon cover still intact.

8gb....128gb

N160, 000 ( slightly negotiable)

Oregun, Ikeja.

Call or text
08160804226

Pandasofire:
U no drop number dey say call or text

In my signature.
08160804226