₦airaland Forum

bentenny:
That's based on your opinion which you are entitled to but it doesn't imply you are factual!

The truth is now my opinion?

Username2780:
The economy is bad ? Don't be angry..... Work hard

Angry with what exactly?

Can you stop deceiving yourself with imaginary theories they taught in school. Somebody breaking the commodity he sells into smaller units is now competition reducing the price?

Username2780:
When other refinaries come online things will definitely change we saw how MTN and Econet showed us sege before GLO came and saved us..Glo had no choice but to change the game to enter the game. Back then it was only N500, N1,500 recharge cards that you had to use all your credit within one week with zero over lap. Glo gave us N100, N200 and six months airtime validity.
The Refinary Sector will change as more players arrive. The cement sector has changed there are so many players now and they are selling well.

bentenny:
He is a business man.
You can't be dependent on him.
If our own refineries were working and functioning optimally,do you think he would have increased to the current amount in the first place?

If is your refineries were working, you will buying substandard petrol 3x of Dangote.

yemre:
Very good point bro. BUA, Mangal and even lafarge are relatively unpopular in the market as much as Dangote. That simply means they are not competing enough. This could be in form of marketing, awareness or even product durability and quality. But the leverage remains the lack of stiff competition both in cement and petroleum products.

It's the major reason I would not discourage fuel importation despite having a local refinery because it's not just enough for effective pricing.

When will you stop using the fairytales they taught in school to avoid seeing reality?
The prices of goods and services in every country is controlled by there central bank monetary policies and ministry of finance fiscal policies and not some imaginary stories used to deceive you in school.

inoki247:
Nigerians love slave trade....



That interest doz Service providers are charging are just too much.


25 percent on little money is just too much ...

Are you aware that the CBN monetary interest rate is 26.05?

PlasmaTV:
Tinubu, baba werey
Took dollar from 500/600 to 1.4k
If we talk now, his supporters will say fx unification

Oya, all the money saved, where are they?
Why are we still drowning in loans of billions of dollars?

This man gats go. Tinubu gats go.

FX Unification?
Before Tinubu, there was the official market and the parallel market. After the so-called unification, there is still the parallel market and the official market.
What did Tinubu government unified?

SIGNING CEREMONY

Afreximbank, Co-MLA, Underwrites USD 2.5 Billion of the USD 4 Billion Syndicated Term Loan Facility for Dangote Petroleum Refinery and Petrochemicals FZE
Source: Dangote Industries

Good2go1:
Regardless of the tax, there is no reason it should be cheaper than the country it was manuafactured, because he will incur transport cost to export it, export duties and import duties there maybe other associated charges

Which is it cheaper than where it was manufactured?

sweetjohn:
It should be reduced to 500 naira. You are the producer and the raw material is in Nigeria for God’s sake. Have a heart. Also reduce that your bag of cement is too costly. All your goods is dam expensive. What kind of exploiting billionaire are you? Your mate in other part of the world are helping their country but you are busy exploiting Nigerians together with evil regime.

Good selling at there market prices prices is now exploitative?

fabolouz1:
when is BUA refinery coming on stream? dangote is just a communist and capitalist.

When going to demand subsidy from your government?

SixSeven:
The other day when I said the State should have fixed its refineries, someone started explaining the issue. And I thought, the man on the street does not care about all of these. Just give us oil! Cheap oil. That's the duty of government. I cannot blame Dangote. Never.

Cheap oil without subsidy?

richiemcgold:
He probably reduced the price because of revelation made by the world bank. Imported petrol shouldn't be cheaper. How come? 🤥

So World Bank now control oil prices?

TimeManager:
Mr Dangote, small small abeg. Government has not intervened in any private business as much as Dangote's.

-Kiss the truth!

Government intervention from where?

And all the refineries will immune to international oil price?

kingphilip:
No be him fault.

If all our refineries de work, who for send am?

Just like someone said in the other thread that he rushed to increase the price so that when the international prices drop, he can reduce abit and that's just what happened.

Where is the monopoly?

saintbillion:
The way this guy dey enjoy monopoly eeh. Well I blame FG

Putindbutt:
Thanks to the World Bank.

What has World Bank has the do oil prices?

Putindbutt:
Govt currently has 7.2% stake in the refinery. Let the public enjoy the little stake atleast.

Public enjoy the little stakes as how?

Good2go1:
Let keep centiment apart, Dangote is exploiting Nigerians in all his businesses, can you explain why Dangote cement produced in Nigeria and exported to other Africa countries is cheaper in the countries where it is exported to?

Exploiting?
Are they supposed to be buying at the price with you that have a tax master in Aso Rock?

SenecaTheYonger:
That means na importers been Dey save this country. Buy local to grow the naira my toto

They save you with higher prices of substandard petrol at there filling with 0.5 litre for 1 litre

Dbegining:
I'll start with the same thing i ended with when i spoke to you the last time: I hooe you're a billionaire (at least in naira) .That will give meaning to your position on things.

You are talking about operating cost? D you know how much in pure profits the refinery is making?

The government stifled competitors from importing fuel just fr ONE MAN!

He went to court to ask to be the sole importer of fuel at one time.

The chairman of that oil regulatory company that was fired the other day was because he refused to do Dangote's bidding. Cause Dangote can't tell me that's the first government official he has seen that's corrupt. And then why didn't he also serve as a whistle blower for the rest?


Let the government FREELY open importation and let the free economy decide things. THAT'S FUNDAMENTAL ECONOMICS!

Stop supporting evil be it the government or private individuals!

Don't demand subsidy from the government, keep talking about fairytales free economy.

Reference:
Though I have very little hope about BUA.
Me. I feel he and Dangote are two sides of a coin. There is very, very little competition in the markets they share.

However government should do everything to see that the BUA refinery comes on stream as quickly as possible. And create a different kind of truly competitive market place that will benefit the country.

Sit and watch the government increases taxes, excessive naira in circulation and quote imaginary competition theory to comfort yourself while suffering and smiling.

Topman0001:
An average Nigerian has a mind set that is profit oriented and not purpose oriented. Innoson motors are costlier than Toyota, Nigerian rice is more expensive than foreign well processed long grain rice, Dangote fuel cannot be exceptional. Is we import everything we use in Nigeria you'll be surprised that things will be cheaper just that it will affect the value of our Nira. The indigenous chicken and eggs we consume are already becoming unaffordable because they are local products. Until we change our mentality, nothing will be cheap

Inosson motors costlier Toyota on which planet?
Do even know the price of a brand new Toyota?

AkhereOkaka:
N


My question is, why will imported fuel be cheaper than Dangote's fuel by 12%, it will never be well with the Federal government of Nigeria and CBN governor Godwin Emefiele who was giving Dangote subsidised forex. Somebody they should've allowed to go source for forex from black market during the construction of his refinery. Of what benefit is the refinery to ordinary Nigerians


We rise by lifting others.

Why are the filling stations selling the cheaper imported petrol?
Subsidized from where?

HacheNoire:
Like we don’t know what Nigerian importers go for!

Can we compare the octane value and quality of both?

These western hand tools just desperate to attack that refinery. It’s bad business for them!

At a time when African countries are now being dependent on the refinery, they spring up another propaganda about cost!

When last did you see Nigerians talking about quality?

youngsahito:
When the useless govt refused to fix the state owned refineries, we will all be at the mercy of the monopolist Dangote. Nigeria govt has failed his people.

What are many state owned refineries are functional around the globe?
How will a functional state owned refineries be a magician?
Where is the monopoly?

Dbegining:
I've been saying it that Dangote is a dangerous monopolist who ams at exploiting this country to maintain his status as Africa's riches man.

Dangerous monopolist?

LZAA:
Mate at this point you are either a Disco staff or Apcheat supporter
Either way ✌️ out

It is now Discos staff and APC supporter who someone's speak against government incompetence

Nigerian billionaire Abdul Samad Rabiu’s son, Khalifa Rabiu, is set to receive N13.2 billion ($9.6 million) from BUA Foods Plc, following the company’s record dividend payout.

Khalifa holds 473.6 million shares, a 2.63% stake, while his father, controlling 92.64%, will receive N467 billion ($337.3 million).

The dividend, approved for the 2025 fiscal year, more than doubles last year’s payout, totaling N504 billion ($364 million).

BUA Foods’ profit surged to N518.7 billion ($374.6 million), driven by higher sales of sugar, pasta, and rice, and improved production and distribution efficiency.

The company’s total assets rose to N1.39 trillion ($1 billion), with retained earnings at N705.4 billion ($510 million).

Khalifa, recently appointed Chief Officer of Global Procurement and Strategic Operations, will oversee cost optimization and supply chain resilience.

His background spans food production, cement, and animal feed, strengthening BUA Foods’ operational efficiency and long-term growth strategy.
Source: Shore.Africa

saintopus:
Anything or models involving bringing back subsidy is evil.
Come to imagine, what benefit does Nigeria derived from the crude oil hike in price.
The present cost of transportation was the cost we paid in 2023 when the President declared that fuel subsidy is gone. Then fuel prices increased to N1400 in most cities in Nigeria.
Then Dangote refineries came on stream and the prices crashed to N740 per litre of fuel in most cities in Nigeria 🇳🇬.

The did the transportation cost reduced?

The answer was no.

Then the Iran war came and fuel went up to N1400 same as in 2023, immediately transport cost increased nearly 50% in most cities in Nigeria 🇳🇬.

So who is fooling who

How is subsidy evil?
What makes bringing subsidy back evil?

nairalanda1:
And have you also noted that all those countries 1) have very small populations, 2) produce far more oil than we do which is why they can 3) afford those things?

What Nigeria should be doing is using our available natural resources to make products that we can sell around the world...including to those middle eastern countries which would 1) make us even more richer 2) provide employment for everyone 3) make us a strong nation 4) put us in a position to be able to survive when oil becomes weak and scarce and useless.

See, even if we put our oil money in a soverign wealth fund, it won;t earn enough money for Nigeria. If we put money made by improved productive effort based on proper utilization of resources , we would even earn more and more


That's why I hate APC...because since 2015, they haven't done anything like that. And that's why I am angry with most African leaders, because they haven't used their resources to do the same.

Your tinubu government is failing you because they are not using our natural resources to make exportable product, or even encouraging it. Instead we get things like let's get oil production up to 4 mmillion bpd, as if that would improve anything.

Have you also notice that poverty is the fuel for large population growth like Nigeria?
Do anybody tied down Nigeria to oil dependency?
We don't have enough to invest in a sovereign wealth fund but borrow enough money to look for foreign investors, borrow more to fulfil there obligations, borrow again for importation but can't borrow to invest?

LZAA:
You keep missing the point
Now let me break it down
DISCOS generate trillions yearly with estimated billings
You and i know estimated billing is illegal and in fact they were sued last year and ordered to pay compensation
They recently signed a deal with GRA exceeding millions to supply power while ignoring the general population
So all these excuse that government debt is slowing them down is a lie from the pit of hell
As we speak NO DISCO has improved it's facilities yet they keep shouting they are owing them
See ehn the private power industries are an absolute disgrace and should keep thanking their stars they are in Nigeria because in any other country jail time and huge fines will follow

Dicos estimated billings are illegal according to you, but bypassing electricity, using more electricity while paying less on the same estimated billing, supporting government owing subsidizes are legal?