₦airaland Forum

princepee:
dangote magic.
I thought they said fuel will come down to about 500 per liter when his refinery start working.
What do we have now??
It's going to 1k per liter soon

ariesbull:
That's the beauty of monopoly...you can decide to create scarcity and also fix the price ...it is when the government has failed you see these things

SalamRushdie:
Just see how these men go about convincing govt to do anti people things

lordm:
Nigeria is not a ln export oriented country. Don't mention

BreakingNews21:
He will dilute the value of Tesla stock significantly with this move. The company is suffering major decreased revenue and sales in all major global markets. Musk is now hated by many for his political leanings by getting thousands of U.S. federal workers sacked and giving that Nazi salute earlier this year. Add in the tax incentives and climate revenue from other auto makers ends Oct 1. Drama is fast approaching!

iwaeda:
https://punchng.com/fg-gets-25-35m-kuwait-loan-to-tackle-kaduna-out-of-school-crisis/

adenigga:
Source: https://punchng.com/wbank-plans-$250m-health-loan-for-nigeria-next-month

NwokoloOwa:
Una never know Dangote.

Unless we have other strong competitors in the sector, Dangote will run us "shege"as he did to us with cement.

budaatum:
Looks like Devakumar is a builder, and not a manager. Different skills set.

Sad though, that Dangote could not find a Nigerian.

FutureFocus:
Those are distracting tactics just like global warming scam , to keep us behind, what’s more global warming than nuclear plants, bombing and radioactive factories, these people tell you lies not to build refineries but they keep exporting refining products to you and storing crude oil reserves

Omooba77:
https://punchng.com/breaking-nnpc-rules-out-port-harcourt-refinery-sale/

Love800:
I want to understand something. If CBN print or mint money and pump it inside the economy, how does it create high prices of rice/inflation?

InfoGuru118:
https://dailywatch.ng/ojulari-begs-for-time-as-senate-probes-nnpcls-n210trn-assets-liabilities/

donleo92:
Tinubu should not ban any importation.

Never!!!!

Let it be open to everyone.

Cement- Dangote- Monopoly
Salt- Dangote
Sugar- Dangote

Now Oil- Dangote.

Then that's very wrong, and don't forget Dangote is a new player in the game, and the government has to be liberal not like before when what ever he says, the government does..

The oil cartel will not accept, they even prefer to sell at the least profit than Dangote take over oil refinery from them.

maxiuc:
Dangote nothing good can ever come from him, people where saying if dangote finished his refinery fuel will be cheaper I laughed

It is easier for importer to sell cheaper than dangote refinery to sell cheaper

Very frugal and mean business man

Bodexman:
This is what they call open market competition. Please let it continue, don't stop there!
The more the confusion, the better for the masses.
Oya Dangote, hit them back by reducing it to 700 per liter.
Please don't forget gas prices as well.

Thank you all

Kukutente23:
Dangote should quit wailing
He's getting subsidised crude yet he's pointing fingers at others getting fuel from Russia
What does he mean by subsidized Russian fuel
Is Russia paying subsidy now

AWONEYAN:
The beauty of market competition...
Let this continue and more wins for the masses.

A competitive market allows everyone to play and it breaks the hold of cabal.

I pray this also happens in the power sector.

PythonPro001:
Damn not again!
Rice is one of the main food Nigerians consume daily. If the government truly cares about the welfare of the masses, then the price of rice must be brought down at all cost !

Beremx:
Bag of My Choice rice is 88k as we speak. Some others are between 70k to 80k.

Tinubu should open the borders and allow the importation of rice. Nigerian farmers cannot produce enough to feed the whole country owing to herdsmen terrorists.

babtoundey:
It's aitel and MTN turn to go totally below radii. Those two network providers have taken extortion into an unimaginable level. Al we need for them to be totally forgotten and buried ok s just one good competitor.

Clairvoyancy:
Baba has tried, he needs to focus more on the refinery....


BUA will be jubilating, at least the monopolized market will change a bit

franugo:
So like this, only dangote go pay 209b in taxes to FG for half year of 2025, nnpc pays trillions to FG yet we go on borrowing all the time, man is tired

joyfullyjoyous:
Perhaps cement prices will come down

gotousa2013:
Thats what capitàism does.

MrHandsome2013:
They should print more money,let them hire me let me print for them

SmartPolician:
Multichoice has finally dumped their failing business on an unsuspecting French company. Multichoice staffers will be smiling all the way to the bank now.

I hope the French media company did their due diligence before acquiring Multichoice and that they have a solid strategy for rescuing the company

grandstar:
What you're saying is so inaccurate.

Why not blame Emefiele? There was only $3bn in the net foreign when he left office and the CBN was owing buyers $7bn.

In other to restore faith in the forex market, the CBN needed to offset the backlog. Companies were exiting Nigeria because of the chronic foreign exchange crunch. Emirates and Shoprite were 2 good examples.

Foreign banks and countries were unwilling to lend to the country. By then, the Nigerian government was spending 97% of its revenue on debt servicing. Buhari left a gargantuam mess.

The government had to turn to collaterized crude oil sales to raise the money and pay off the backlog.

[b]So, the Nigerian government never borrowed massively to fund imports but primarily to pay off the backlog owed FX buyers.
Now, things have changed since then. There is over $30bn in the net foreign reserves, more than enough to cover 6 months worth of imports, unlike the dreadly less than one month during those dark days.

At an exchange rate of $1-1,500, imports will be discouraged. That's why the foreign reserves have grown so fast. In addition, exports seems to have picked up, but to expect an explosion in exports in barely two years coming from an abyss is expecting too much, and unrealistic.
When you are done deceiving yourself.
Another billion dollar loans have been approved by senate to defend naira (subsidize), subsidize substandard expensive petrol from Europe, provide liquidity for importation and loot the rest.

grandstar:
What you're saying is so inaccurate.

Why not blame Emefiele? There was only $3bn in the net foreign when he left office and the CBN was owing buyers $7bn.

In other to restore faith in the forex market, the CBN needed to offset the backlog. Companies were exiting Nigeria because of the chronic foreign exchange crunch. Emirates and Shoprite were 2 good examples.

Foreign banks and countries were unwilling to lend to the country. By then, the Nigerian government was spending 97% of its revenue on debt servicing. Buhari left a gargantuam mess.

The government had to turn to collaterized crude oil sales to raise the money and pay off the backlog.

[b]So, the Nigerian government never borrowed massively to fund imports but primarily to pay off the backlog owed FX buyers.
[/b]When you are done deceiving yourself.
Another billion dollar loans have been approved by senate to defend naira (subsidize), subsidize substandard expensive petrol from Europe, provide liquidity for importation and loot the rest.

Now, things have changed since then. There is over $30bn in the net foreign reserves, more than enough to cover 6 months worth of imports, unlike the dreadly less than one month during those dark days.

At an exchange rate of $1-1,500, imports will be discouraged. That's why the foreign reserves have grown so fast. In addition, exports seems to have picked up, but to expect an explosion in exports in barely two years coming from an abyss is expecting too much, and unrealistic.

Fernandeswagger:
$21B for what exactly?

Please somebody should tell me the name of this movie? You mean the FG still has to borrow this much even after saving a lot from removing subsidy?

No concern for the future generations, just keep borrowing to loot and continue your luxurious lifestyle. At this rate they might start selling Nigerians just to maintain their lifestyle.

When Nigerians are ready they'll wake up and demand accountability. For now let's keep playing while standing on his mandate abi manhood

samomoli:
Please let me ask this simple question. Where is the money removed from subsidy