₦airaland Forum

fineboynl:
Dangote greed is killing Nigeria. Crude oil have crashed internationally

The right thing was for the government to pay dangote refinery the refining cost. And the government control the price for Nigeria market as a kind of subsidies. Not allowing dangote to buy crude refined and sell anyhow to Nigerians.

Why is dangote not accepting refining cost. What is he afraid of? For domestic market he should accept refining cost from NNPC while that is dyed to red or yellow. The one he wants to produce and sell to international market should be a clear colour.

And least the fuel can be traced.

Government should never allow him to sell to domestic market. That is already affecting Nigeria and it economy.

Before the Iran war oil was 70$. And at the peak of the war when it reach 160$ fuel jump to 1400.

Now crude is 80$ fuel is still selling for 1400. What rubbish excuse?

What ever he thinks is good for the refining cost no matter how high it is he should tell the government and Nigerians. Not under any excuse of crude oil price as disguise to be increasing fuel every market day. The economy is dying.

AMINDA:
But there was no party primary. The party opted to make the other lady a forced conscensus candidate allegedly because she had funded the party in its early stages. I'm no fan of Aisha Yesufu but you can't accuse someone of failing in a process that never took place. It's like mocking individuals like Tuggar for losing the APC gubernatorial primaries when the president is actively handpicking his preferred candidates across all states. Tinubu has only succeeded in setting back our democracy by decades.

jasontrigga:
Dangote has turn out to be a curse to Nigerians rather than a blessing

Non of his products is affordable or subsidized
For common Nigerian as a way of giving back to the society
I’ve never seen a heartless capitalist like Dangote

Even Elon and others always find a way to subsidize things for their citizens

If Dangote was the sole producers of phones
Phone would’nt be accessible to Nigerians

Very greedy and selfish man
Calling himself capitalist

AMINDA:
But there was no party primary. The party opted to make the other lady a forced conscensus candidate allegedly because she had funded the party in its early stages. I'm no fan of Aisha Yesufu but you can't accuse someone of failing in a process that never took place. It's like mocking individuals like Tuggar for losing the APC gubernatorial primaries when the president is actively handpicking his preferred candidates across all states. Tinubu has only succeeded in setting back our democracy by decades.

nairalanda1:
Let's start by correcting your impression that Dangote is on subsidized crude. He is not. He is buying crude from oversease, and he also relies on domestic crude

Your domestic supplier has to sell at international prices, because OPEC and because they compete with the crude drillers abroad. If they cannot pay competitive salaries, and pay for maintenance and upgrades to the rigs....PLUS...government gets most of its revenue from...you guessed it, every crude oil sold in Nigeria to domestic and foreign suppliers. A subsidy on domestic crude would be like offing the goose that lays the golden egg...revenues would fall, and more loans would be taken

You should stop living on the fantasy of cheap fuel

Ghana has two working refineries, as does Niger republic. NO subsides, both worked, for at least 2 decades.

Against this backdrop, the 650,000-barrels-per-day Dangote Refinery has dramatically reshaped Nigeria’s downstream petroleum sector. The facility reportedly supplied nearly 80 per cent of Nigeria’s petrol consumption in April 2026 after reaching full operational capacity earlier this year.
NNPCL argued that the Dangote Refinery has not produced independently verified evidence demonstrating that it can consistently meet nationwide fuel demand without disruptions.

dangote dey show NNPC shege
but something no make sense here. you supply 80 percent in april but NNPC say proof no dey, so who is the liar here

She currently serves as the Deputy State Chairman of the APC in Lagos State, a position she attained after previously serving as the party’s State Assistant Woman Leader.

Yampotatocarrot:
Outsider as in he has never been a member of APC? That's true

Thing is, aside Agege, where APC has a very stronghold due to Obasa's impact, I can't mention any other area where APC can be assured of winning "hands down"... Don't really know of Ikorodu axis

In all, may God keep up alive and healthy to witness it all and give us good leaders, Amen

Yampotatocarrot:
Yeah, they've always captured every part, no be today... Just that results always show they're not fully in control

It's not about having secretariats everywhere and gathering people under canopies at the secretariats to share rice to them with 2k

Bimpe29:
Her selection is not only strategic but gender sensitive.

Yampotatocarrot:
APC will have to work really hard to retain Lagos... Funsho Doherty is currently the man to beat in Lagos

The street isn't smiling at all plus it seems SanwoOlu's government is now on autopilot, just rolling without gathering dust... Government officials are currently on the street penalising companies for not filing tax returns, even when they themselves will tell you they don't understand the tax law

I just pray God protects Mr. Funsho

i always hate these types of DULL face when i see them.

corruption,corruption. they live in the system.

kingthreat:
Congratulate her already, she is the next deputy governor.

FSBoperator:
See this thread I just created

https://www.nairaland.com/8681448/northerners-very-wary-tinubus-ss

They want to split SS votes which are now solidly behind Tinubu

yaroyaro619:
Warning!!!



The South should not allow these Northern politicians to keep deceiving them
These people you're seeing are all from the North, for a purpose to snatch power from the South.
They know what they are doing. I know what they're doing.
The South should nit fall for this gimmick.

FSBoperator:
The Turaki faction is still trying to get GEJ to contest .

So all this rubbish is akin to putting the horse before the cart.

This is how a former governor in my state appointed my senior brother as a commissioner before he consulted my big bro.

My bro just told him, he never wanted any govt appointment in the first place and still doesn't need it .

My governor even sent people to take advertorials congratulating my bros for the appointment.

Bro just ignored them and continued with his life as a private citizen.

the company set to spend a fresh $10 billion on its 1.4 million barrels per day expansion drive, according to S&P Global.

all these to kill other new refineries wey dey come up.
but the lies under the previous NNPC management too much.
they sabotage their own refineries maintenance for this front refinery to emerge.

chigator2:
Abeg, drop that narrative. Dangote will continue to dominate and monopolize industries in Nigeria as long as a large portion of the country’s wealthy class consists of people with deep pockets with lazy brains and little appetite for productive risk.

Where do wealthy Nigerians invest their money?

First, there are those who pour capital into quick-return schemes that add little long-term value to the economy. They fund luxury real estate projects in Abuja and Lagos, or buy up vast expanse of undeveloped land from local communities only to resell them at a markup downstream to other new money buyers who partake in the illusion of wealth creation that dominates Nigeria’s real estate culture buying largely unproductive land and expecting its value to double within a year simply because everyone wishes it will. Every body is selling land and properties these days, find one poor community, steal their land or pay the chief peanuts and tell investors it is the next banana island.

Then there are those who flock to already saturated “safe” industries after seeing others profit from them. Hospitality, auto dealerships, import businesses, trading, poultry ( haew ) and similar ventures are overcrowded with capital chasing familiar opportunities. The latest craze is China Importation. These businesses may generate profits for their owners, but they rarely create the kind of innovation, industrial capacity, or global competitiveness that attracts significant foreign direct investment and grows the economy or technological capacity of the labor force.

Countries that achieve sustained economic growth are often driven by wealthy individuals willing to back bold ideas, startups, research, advanced manufacturing, technology, and other frontier ventures. Their capital expands the productive capacity of the economy.

In the south-south that has the oil everyone is drilling and refining, those it mean that there are no big men there or even big government thieves that can at least pool money together to build something they can say is their own and by their own people. They are waiting for outsiders to come and invest so they can do pipeline security for peanuts. BUA is planning to build a refinery in Akwa-Ibom while Akpabio is plotting to sleep with other people’s wives and NDDC chairmen are servicing their girlfriends and foreign investments. Tomorrow someone will say na our oyel money, keep fooling yourself. Since the days of Adam, ownership of anything is determined by who takes it not you had it.

In Nigeria, too much capital follows trends instead of creating them. Too many investors copy one another rather than funding the next generation of industries. Until that changes, it is unrealistic to expect a handful of industrialists not to dominate sectors where few others are willing to take meaningful risks.

Previously, a big basket of tomatoes was being sold for between N45,000 and N48,000, but it is presently being sold for between N85,000 and N90,000.

Solofresh2:
The way these actors are dying in Nigeria ehn.And most of them are men 😐

Slippy:
No one made money off black Africa like the Lebanese

Moblux:
NDC can't stop anyone from joining. It is also late for Omoagege to contest under NDC. I think so according to the electoral laws

Azazyel:
Another criminal has moved to NDC. This party would be no different from APC.