₦airaland Forum

Macnnoli4:
Exactly, At least we didn't fall into the war trap like Ukraine and that is what counts.

Macnnoli4:
How many times, LOL. Person wey dey chill for Ghana. Literally stopped a war by leaking army schedules, this new charges is a small thing, LOL again.

Goodvibes007:
Ikoro Agbor, Agbor Youths group said “Agbor Kingdom has no shared history, governing commonality, or association with the Igbo, before or after British Colonialism & Agbor Kingdom remain United in the quest for Anioma State”

Owa Progressives in Owa Kingdom also believed “wholeheartedly supported the creation of Anioma State as part of the South-South region to address misrepresentation of its people. This will also help boost economic activities within the region. However we reject the annexation of the ANIOMA region to the South East Region”

https://www.nigerdeltatoday.com/dein-of-agbor-warns-against-grouping-anioma-as-south-east-state/

Alusiizizi:
Very well then. I will make a note of this conversation and respond to you again after that day.

Eriokanmi:
His production can't meet daily local consumption. He once said his petrol will also be for export. With this, there will still be fx demand by other players. We consume 66m liters daily

malton:
You'd be lucky to see dollar at #900 even two years from now.

ubox:
And he said it very confidently

ednut1:
the crude oil they are giving dangote will reduce CBN Fax earnings tho

Alusiizizi:
Sorry but you seem to be mistaking cheap propaganda for economic force, which it will never be. The bottom line is that this crude for Naira will never happen, and if it does, it will be fraught with all the corruption and nuances that today's petrol subsidies are troubled with, in other words, it will have no effect whatsoever on the weakened Naira.

OkCornel:
The same organisation that bungled over $40 billion on maintenance of refineries from 1999 till date is also responsible for supply of crude oil to Dangote refinery.

Does that inspire any confidence?

Anyways, time will tell and I sincerely hope they don’t bungle the crude oil supply

Alusiizizi:
The trouble is that they ARE going to bungle the crude supplies. Corruption aside, let's answer this question: Where does the bulk of Nigeria FX reserve comes from? Is it crude? If it is crude oil, then why would the FG forgo opportunity to earn FX in exchange for worthless Naira?

How about a better question: Who is the target audience for these ridiculous soundbites issued by FG?

MrDoGood:
Another monopoly

Tombrown3:
Story

SmartPolician:
Some of you have seen a rig before, but we are on Nairaland arguing about things you know nothing about. 😂😂😄

SmartPolician:
Oga, crude oil has an international price. OPEC fixes prices for its member nations. It has nothing to do with exchange rate. If IOCs want to sell crude to Dangote, they will sell to him at OPEC price in naira equivalent. The only reason the price of petrol can come down is if the government wants to subsidize it. Crude oil isn't water anyone can sell anyhow they like.

doyin01:
Let's watch and see na..is it not the same Nigerian leaders ?? You wish

Why do you think NNPC increased fuel price to 855naira ?? They know what they are doing

Trust me dangote will sell his own fuel above 855naira , which means petrol price have automatically increased instead of decreasing....we are in big trouble in this country

SmartPolician:
This is FAlSE.

MrDoGood:
How much is he willing to sell?

Not.plenty stories

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

MEEVEET:
What type of talk is this one... There is an international price for petrol

Unless Nigeria gives him crude at a price below international price... He can't sale below International price

AmeboFeeds:
Be Moderate In Your PMS Price, Segun Showunmi Begs Dangote




ABEOKUTA – As Dangote oil refinery begins supply of 25 million litres of petrol to the Nigerian market daily, a chieftain of PDP in Ogun State, Otunba Segun Showunmi has appealed to Alhaji Aliko Dangote to be moderate in the price of his PMS.
Recall that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had disclosed on Tuesday that the 25milllion litres supply will rise to 30 million litres from October.

The NMDPRA said it met with the Nigerian National Petroleum Company Limited to agree on local crude supply to the refinery.


The President of Dangote Group, Aliko Dangote, formally announced that the 650,000-capacity oil refinery in Lagos has commenced petrol production.


In a live broadcast on Tuesday, Dangote said the supply of petrol into Nigeria would change the country’s energy landscape.


But the PDP Chieftain, in a statement issued in Abeokuta, the Ogun State capital on Tuesday commended Aliko Dangote for redeeming Nigeria’s pride as black nation and contributing value to Nigeria economy with the coming on stream of the PMS from Dangote refinery.

Showunmi noted that, Nigerians have bored heavy burden of fuel hike for so long from NNPC and other major marketers, urging Dangote to take the masses into consideration.

He urged Dangote to consider nationalism, patriotism and empathy above profit.

He said, “Thank you, for on this day you redeemed our pride as black people, as humans capable of contributing value and engaging in the activities that others do. With the coming on stream of the PMS from your Dangote Refinery.

“A grateful nation thanks you.
As a pan-Nigerian Patriot, I thank you from the depth of my soul for the shame had gone on for too long.

“You must try as much as possible to be moderate in your pricing for our people have bored such a heavy burden for so long, I get sustainable pricing but ensure that the markup takes into consideration our people.


“You come from a long-standing historical business family from the great Alhassan your great-grandfather to Sanusi your grandfather to your beloved father Mohammed Dangote, not leaving out your supportive mother Hajia Mariya, whose stories of charity and zakat I was told way back in 1998/1999 by locals in Kano.
“Profit is good but nationalism, patriotism and empathy must be your guide.

“Oh, Our Creator bless and preserve Dangote Refinery, The Workers, and all that have dealings with it. Let this effort be preserved, let it grow from strength to strength. As you have preserved Rockefeller does preserve and sustain Aliko Dangote for generations.

“Now let the giant called Nigeria awake, stand up, and take its rightful place in the comity of nations.”



ENCOUNTER

The head of the Dangote Group, and owner of the $19 billion Dangote Refinery, Aliko Dangote, has said that President Bola Tinubu’s Naira-for-crude policy will reduce the demand for foreign exchange (forex) by 40 percent.

He said this today, Tuesday, at a press conference where he announced the commencement of the production of petrol at the Lagos-based 650,000 barrels per day facility, where he declared “it’s a celebration day” for Nigerians.

Recall that in April, the Federal Government said indigenous refineries could buy crude oil in Naira or dollars.

Also, the government revealed, the total crude oil and condensate reserves in Nigeria increased to 37.5 billion barrels as of January 1, with a life index of 68.01 years.

Forex slash
Speaking on the impact of forex demand, Dangote said: “I will like to salute the people of Nigeria and the government of President Bola Tinubu for creating the environment for us to thrive and also achieve this.

“I want to thank President Bola Tinubu for creating this idea of Naira-for-crude and Naira for the product.

“Doing that will give a lot of stability to the Naira and remove 40 percent of the demand for dollars. That’s not just it. There is (been) a lot of round-tripping.”

Also, he said, “Now that we have this refinery working, it will show the true consumption of Nigeria. We can track each loaded truck and try as much as possible to track the loaded ships.

“We can tell you where they are and for some of the products we have, we can tell you the (national) consumption.”

Furthermore, he assured of the quality of petrol from the Dangote Refinery.

He assured Nigerians that they “are now going to have good petrol while the engines of your vehicles will last longer.

“You will not be having an engine issue, which a lot of us were having. It won’t happen at all.

“The quality here will match that of anywhere in the world; US, America. We will make sure that nobody will beat us in terms of quality,” Dangote promised.