₦airaland Forum

Mrexcell:
But dangote refinery was able to reduce the price of diesel so why can't they also reduce the price of fuel or sell at the current market rate?

davodyguy:
I can see a lot of ignorance.

Those who can read are blaming NNPCL and FG

Dangote is a business man and he has no intention of subsidizing anything or helping anyone.

Has he ever sold Cement cheaper than Large and BUA?

That Monopoly thing is real. NNPCL knows what they're saying about Dangote.

Asonaijaaso:
All those people shouting Dangote refinery is going to make prices cheaper.

"He plans to sell at international rates, meaning government will buy it expensive from him and subsidized it for the citizens."

He is a 100% Businessman.
Dont let them drag you into their challenges.
These people dont care about us.

Oshin56:
Tinubu will break is monopoly, after he's done with his cement next is flour and sugar, that's when guyman go know say 9ja we dey and He will have a little experience of what common man are facing....

malali:
So is Monopolistic mentality.

Walai:
You were almost close to making sense until you mentioned OBi. Dangote have been benefiting hugely from the Nigerian govt. at the expense of common Nigerians while Obi built his business from the scratch with his personal efforts with zero govt. Support (just like every Igbo entrepreneur) Politics aside, don't ever bring in Obi into this conversation or I will take it personal.While Peter Obi start business with Anambra state government money from scratch using Fidelity bank.

budaatum:
Unfortunately, NNPC, which I consider to be a national asset, going public would be bought up by those who have the money to buy it just as they did with those companies you listed. And personally, I think NNPC should be owned by all Nigerians as an entitlement and not just the entitlement of a wealthy few. But I did say we should be entitled to 10% just so you don't accuse me of a mentality. The rest can be listed on NGX.

Oh. And for your information, I would not qualify for any part of that 10% and would have to purchase any I want on the NGX.

ufotunang:
Dangote you talk too much... nigerians need more action not too much talking... nigerians want to see the fuel from Dangote refinery in fueling stations...talk less and do the workings

Ubongkuda1:
Business is competition. Dangote should keep quiet and compet

Gnosispd:
Dangote is not ready for us as a nation..if he is, he should tell us the amount he's ready to sell PMS and leave the fight for we the masses and see if we will bring down the NNPCL cabal that have been feeding fat on our collective wealth.

Franking:
By August they will shift it to December.....how did they manage to be refining aviation fuel first when pms is the one suffocating Nigeria and her economy?

skywalker240:
Don't mind them.

They think Dangote is an Angel in shinning light?

Omalicious1:
After reading this, I ask "Is NNPC government owned or private owned?"

flokii:
Setting up a business in a Free Zone is a different ball game entirely from producing locally.. Free Zones are exempted from all the necessary checks, regulations, taxes, fines, etc. from the Government of Nigeria unlike those outside the Free Zones (within Nigerian Customs territory).
Don't worry, let Mobil complete their refinery, then you'd understand the difference in classification.

As it stands now, we consider petroleum products coming from Dangote Refinery as imported products that attract import duty and levy, unless the Customs guys decide to do otherwise

Hogwarthtrades:
Dangote refinery is expected to be listed on NSE (Nigeria) and possibly LSE (London) vs NYSE (source is unreliable) sometime next year. The earliest time being Q2 2025 . 10% allocation is very unlikely to work. Instead, the respective sub-regional government i.e state and local government should allocate a percentage (maybe 2-5%) of their monthly FAAC allocation to purchase shares when it gets listed. SO dividend and capital appreciation can be used as the respective sub-regional government sovereign wealth fund for infrastructural development Same should go for the general public.

NNPCL is expected to be listed as well. sub regional government should allocate some funds for acquisition of shares as well. like you rightly said, NNPCL may be a thorn in the flesh of the president if he doesn't cleanse it once and for all like he did with Emefiele's CBN.

** To avoid knee-jerk reaction, start investigation of the oil upstream and downstream regulators as well as NNPC. Work hand-in -glove with the report of the senate adhoc committee report in about 2-3 weeks , this will be a base to get EFCC to work. \

**replace the heads and subordinates of the regulatory agencies and NNPC found as accomplice in mismanagement or illegality. As for Civil servants accomplice, Nigerian Civil service commission will be needed to ratify any termination of those found guilty and hand them over for further prosecution.

** Anything short of the AGF prosecuting for Death penalty or life imprisonment of the offenders means we are not ready to move forward

If i was a civil servant in NNPC, Whistle blowing in this three institution (NNPC, upstream and downstream regulatory ) is enough as my side hustle to root out the illegality going on there. 1 or 2 Ethical hackers will do the online crawling while i do the manual labour. FG go tire to pay me Ransom Downside: You may not be residing in Nigeria for the rest of your life though.

budaatum:
I do agree with this part. I also think NNPC should be sold to us Nigerians too. And no, I don't mean to the rich and wealthy alone. Say like 10% of the shares should be allocated to every living Nigerian with provision we can't sell for 10 years. Our vested interest might make us force NNPC to operate better.

OPICANTO2223:
Wisdom in display. Dangote dangote dangote really monopolized this nation through government but currently he is sweating because Tinubu want create a level play ground for all investors.

flokii:
Lovely..

Mobil refinery coming up..

BUA refinery in the works and many others showing interest.

This way, one man (Dangote) won't have monopoly to be fixing price of petroleum products like he is doing in cement sector.. Let Dangote go and dictate to Mobil what price to sell what if dem born him papa well.

malali:
You cant shakara us with Gabon.
The honey you have been licking in Nigeria made you the richest black man in the world.

You are a finessing Oligarch.
Everybody knows that.

Lucky to have had so many administration in your pockets.
This is the first time he is hitting a real speed bump.

Largest refinery without 1 single Niger-Delta ownership.
Dangote its time to relax and count your blessings.

Open a refinery in Gabon too.

beyondPen:
Or you never learn.

Where did dangote gets the money to invest in Nigeria. Is it not our common wealth?

Can he become the richest man in Africa without Nigeria and our common wealth?

Can he survive else where? Continue to deceive yourself

The answer is no my brother

RightChanneI:
You are now getting my point, you can't save when you don't have enough. So do Nigeria economy now have enough money in circulation as you claimed? If there's too much money in circulation, people will save because they have enough at hand but a situation where people are crying for food because they don't have enough even to feed themselves so did you think they will save?

Increasing the interest rate is not the best at this time when there is economic great depression in Nigeria. White men policies will never work in Nigeria where corruption has come to stay, we shouldn't follow white men policies because we have different cultures, beliefs, races, etc

MasterJayJay:
Circulation in the hands of which people? If government says they want to take part of the excess money from your own account, will you agree?

Blitzking:
...he can be richer relative to the masses..he has assets the masses don't he can export his products to foreign countries and get hard currency..what has the masses got to export and gain foreign exchange..his buyers are not only nigerians

ahmedio2017:
China is not a capitalist state oga, government is in charge of production in China...

RightChanneI:
I didn't read much what you wrote but I will advice you to study the economy of developed nations, you will understand the reason why they save more and why they encourage savings. Remember, you can't save what you don't have, it is when you have enough that you'll think of saving. So go back and read the short note I typed above!

RightChanneI:
The system that works with White men economy will never work in Nigeria. Do you now have more money in Nigeria economy? If there's more money in the circulation as you said, people will not be crying for hunger. One of what Nigeria needed now is investment that will create more job opportunities but by increasing the interest rate would that be achieved? You have just displayed your ignorance, because more money in circulation means high prices causing hardship.

What you said above can only work in a sane economy but not in a corrupt economy like Nigeria

Honestey:
Now that 70k minimum wage will start looking like 15k minimum wage

Artscollection:
The problem is that it's not induced by high demand of goods or excess liquidity, this is a peculiar issue that should be addressed locally not copying from america, the inflation that america is fighting is a fallout of the excess money they have been printing from convid time used for social programmes and their proxy war in ukraine while ours is as result of the subsidy removal and the naira collapse.

Bubu4Sea:
The sooner we break nija the better

The SS & SE does not need to be linked to this failed country run by a druglord

MasterJayJay:
Because Dangote will sell petrol at 200 naira per litre?

It wasn't advisable to have increased minimum wage from 30,000 naira to 70,000 naira? So they should have reduced the minimum wage to 5,000 naira.

The only excess money in circulation is the one in the hands of polithievians and those appointed by government to head agencies.

Current inflation is as a result of removal of petrol subsidy and devaluation of naira. There's no way a bag of rice can sell for 15,000 naira when these factors are still there.

The only person sabotaging the government is the government itself.

Tayorshd87:
It's like u didn't graduate or goto school at all .

because u are so dull ..

Why did u call him thif and fraud star now can't u read and understand what d OP is saying??

Landing price #1,170

Yet u are buying it at 600.

So is he not even trying to pity the masses to pay for the rest for each liter its citizens has bought 🤔

Now ask urself if he didn't pay again 🤔
.meaning petrol price will turn 1170 for Nigerians 😭

Indirectly will cause more hunger and hardship in the land ..


So is he doing good to us as at now or bad 🤔.

.ask urself