₦airaland Forum

pepericozi:
It is NNPC that encouraged Dangote to monopolize the price of fuel in Nigeria. Yes. If Nigeria refineries are working, there is no way he can monopolize it.

NNPC is now fighting because Dangote has blocked their crude way of circumventing funds from the government and taking bribes from importers.

This l see.
.

Bluearrow:
When Dangote was building this refinery, everyone was screaming fuel will go down to 500 naira immediately the refinery kick off, but today fuel is already selling for 1500. I just hope nnpc is able to fight this, if there is no competition in the market, Nigerians will buy fuel for 5k sooner than they think. Monopoly is very bad for consumers.

nairalanda1:
It would cost 23-25 trillion naira to subsidise fuel to N200 per liter today, if not more.

Our budget is 54 trillion naira.

Since the government has not budgeted for subsidy this year, that means that money would have to be taken from other sectors of the budget to pay for the subsidy

Which means that you probably won't get paid your minimum wage at all at all.

Also, many people in AUstria do not use their cars like we use them , they use public transport, and they use their cars sparingly. And for the public transport, they pay excessively hefty taxes...that would make tinubu tax look like chicken feed.

Make we face reality, abeg.

Omoreal01:
This guy has shown that na exploiter him be for Nigerians. Without monopoly he for no be this rich. Na the corruption in the system that made him rich. The useless deal he did Buhari to get the dollars to build personal refinery never do am.

fashrola:
How much is their minimum wage compared to Nigeria?

Three days wages can fill up your tank… can you say same in Nigeria?

Bluearrow:
Exactly
Fuel importation should be allowed to continue to create price balance, else we may end up buying fuel at 3k sooner than we think.

Bluearrow:
Oga let them import, it will help checkmate Dangote fuel price. Immediately fuel importation, we have seen how fuel price has drastically gone up.

commoditiesnig:
Very welcome news.. as much as I admire and respect Dangote for the tremendous job he’s done with his Refinery, he should understand it’s a free market- other players can import and sell their products as well.. I don’t support monopoly at all..

I’m with the NNPC on this!

Didi2d:
So, because dangote built a refinery that no one can build according to you. That means we should allow him to control the downstream sector.
How una dey reason sef, this your reasoning shock me o

TechCapon:
Nnpc is right. Anything to reduce fuel price is welcome

ogascomax:
Let me remind you that Russian fuel and Saudi Arabia is less than a dollar.

Fiscus105:
He has succeeded in suffocated us in cement, he wants to extend same to Petrol

You set up your refinery and only you taking the profit and want to drain the citizens for your profit.

keemsleek:
If NNPc don't tackle dangote now by the time other refineries come up and nnpc comes or they have sold the refineries it will be hard to compete with dangote and he will be the sole dictator of Price like otedole did with AGO then.

Wh8ch means everyone will be waiting for dangote to fix price before they will like he's doing in cement

Razzness:
This is a good development. Fuel importation should not have been banned in the first place; it doesn't make any sense for Dangote to be the sole distributor and determinant of oil prices in the country. A healthy competition is necessary to create checks and balances that will ultimately benefit the final consumer.

ogascomax:
Dangote is a criminal and he won't hold us hostage with fuel like in cements.
Is agenda of wants to be the only one controlling the fuel industry shall fail.

GEJDHERO:
If dangote cant give us cheap fuel... imports should start coming in.The masses dont want any monopoly.

PulaPower:
But the wedding ceremony was held on a private island in the Bahamas on Saturday, with his siblings Ivanka, Eric and Tiffany Trump all in attendance.

Wasting of tax payers money. Why going to Bahamas? What happened to Miami?

Lawalemi:
Common man is not finding it easy.

No social welfare despite subsidy removal

jaxxy:
What pecentage if nigerians can afford security escorts and bullletproof vehicles to save them from killer bandits and kidnappers?

SmartPolician:
Adebayo Ogunlesi has no single investment in Nigeria. He made money in the UK and US, but he has no business in Nigeria yet.

He visited Tinubu and was probably not impressed with what he saw. Then, he visited South Africa to explore the opportunities there and received tons of insults from SA social media community.

manuelkel:
Rubbish?? Those are gadgets investments, they never depreciate.

wonlasewonimi:
All they do is buy rubbish.

jaxxy:
Elon has given is starlink. U are the one msking noise about dangote refinery when we are buying fuel for 1400. Shege promax

allabig:
Hmmmmmm,
Maybe sha
Most meetings are now held online, ,

Fajimarketplace:
They better create more competition in this sector before he ruins the economy. Tomorrow now it will be increased to 2500.

PapaNnamdi:
Fóoóo

Reduces price yen yen yen, when I saw the headline my mind talk say e no go pass 100naira, and It wasn't wrong,

I parked my car hoping when dangote refinery is done fuel will be at most 500 naira per ltr without subsidy, but it seems this man no send anybody papa,

Macphenson:
Is this Reduction? Dangote should do an impactful reduction before coming to the media.

allabig:
How does this affect average man

SmartPolician:
Aliko, please keep your investments in Nigeria. We need them more at home.

Adebayo Ogunlesi visited South Africa recently to explore business opportunities. Many South Africans were commenting on Facebook, telling him to take his business to Nigeria because Nigerians are not wanted in South Africa. Those black South Africans have totally lost it.

Some people have sworn to be useless in this life.

just2endowed:
Buhari pump cheap forex at cbn rate to him at 450/naira then. If it were now, he won't be able to build that refinery

omoredia:
Scammer. Use our fx for his refinery now he is exporting refined product to make money for himself and corrupt govt officials

SmartPolician:
Those people probably have dual citizenship
America is the one of the world's most privileged countries. They are welcome to Nigeria if they have plenty of USD to spend

If you understand what it means that your GDP is $30 trillion when your population is just a little over 300 million, you don't know how privileged you are.