₦airaland Forum

Thegamingorca:
■ Dangote said he will crash prices of diesel, which is already happening.
For PMS he will sell at a competive rate to make gross profit. when he has cashed out it will get to a point that gradually when he sources crude from the motherland, he will even crash the prices further.

That is a lie! Dangote made the claim back in April. Since, then the price of diesel has risen, has it not? Diesel is sold at approximately Naira 1000- Naira 1200 today and much of it is supposedly subsidized by the government. So where is the crash?!

https://derollsynergy.com/diesel-prices-today/

Thegamingorca:
∆ Yes. It's a family business with other areas they've diversified into as well. Why can't dangote replicate that here?

if he wants to, he could--- he probably has the money to. But he is busy not doing it and instead whining for reasons not understood by most. I personally believe he is not being honest at all, like the government in this. All this news is to paint him a victim of some sort but the true victims in all of this are the Nigerian people who are he expects to have shortchange in order for him to win in this.

Thegamingorca:
∆ this thing is just funny me? The country is dying, and everything is up in terms of cost. The one thing that will crash prices is what you are protesting Nigerians should not agree to?!
Look the common man is with Dangote. If it means chasing tinubu out of office to restore normalcy in the economy that will be what will happen. Hell we'll install Dangote as defacto leader of the country so his refinery will save the common man.
why should anyone care at this point who owns the pie? Dangote can be taxed both now and in future since he hopes to continue doing business here but the important thing now is for Nigeria to progress. The suffering is too much

1. Crash prices when Dangote himself has it on his website that he will sell at about the same price as others, at or above Naira 1000. And please do not tell me that price is cheap abeg cause that is about the same price we pay here in the States for the same.

Thegamingorca:
Oh I see your point. But doesn't nnpc own 20% again?
The Koch brothers own 42% stake in their company and are the majority shareholders

There father started the refinery back in 1927 and it was nothing close to the size and scale that you see today. That company is about 84 years old.

Odotech:
■ listen, your brother tinubu is more foolish than buhari. Tinubu borrowed $3billion cash from afrexim bank to pay back with $12billion worth of crude in the future years and the entire $3billion was sold to aboki to crash dollar rate as soon as tinubu came to office. The dollar rate still refused to crash. I know you guys have selective amnesia and pretend not to know or see these kind of news. You are wasting your effort blaming buhari just to divert attention from your brother and fellow failure tinubu

Who's blaming Buhari? If you are one of Nairaland's resident bigots/racists make sure to avoid me abeg!

back2sender:
And the narrative out there was like the land was given free. Was the 100 million dollar given to the villagers?

No record of it being given to them or being used on their behalf, at least none i have found in my google searches.

In 2014, Fashola persuaded Ibeju Lekki chiefs, residents to accept Dangote’s refinery project

Africa's Richest Man Battles Rural Community Over Land

According to a spokesperson for the Lagos state government who requested anonymity, the government and Dangote offered chiefs and other representatives of the community monetary compensation to the tune of more than N750 million ($4.4 million) to enable the residents evacuate the land and resettle elsewhere. The community chiefs and residents had demanded a bump in the offer, a request that both Dangote and the Lagos state government has yet to oblige. Meanwhile, the community has gone to court to prevent either the government or Dangote industries from taking control of the land. Meanwhile, policemen have temporarily pitched tents in the community to prevent ousted occupants from returning.

Yankee101:
1. What happened to the 100m (Tinubu and the 40 thieves)
2. What of the cheap dollars Emefiele sold Dangote

1. It was Fashola who lobbied for the land and all, not Tinubu.

2. That one, we still have yet to hear much of.

richiemcgold:
That 100 million dollars would've landed in the coffers of Ondo and Ogun States. Dem Mimiko and Amosun no try at all. Those 2 guys really fall our hand. That thing dey always pain me, walahi!

Fashola is the one who made the deal and demanded that the locals not cause any trouble for the Refinery builders. Dangote said he paid the Naira 100 million to Lagos.

KnowAll:
■ I agree with you, I don’t see the logic why Nigerian would not sell crude to Mr Dangote but prefer to seek someone in far away India or China to sell crude to. They say what is inside your trousers you dey look for am in far Sokoto. Knowing Nigerian business men they would like to cut corners to a few bob!

No, the logic behind that is actually simple. Nigeria has been struggling for a long time now to lift its own crude oil production.

https://www.youtube.com/watch?v=ENWp9OhZAf4?si=kptOZ9Kml1-IQ108
Why Nigeria Can’t Give Dangote Refinery Amount Of Crude It Requires - Energy Expert

Nothing of this stops Dangote Refinery from drilling its own and supplying its refinery as I said.

KnowAll:
To me, the truth be told, the man has had it easy, pandering to any Government in power and getting sufficient patronage. He was once the King of Sugar, imported Sugar and King of Rice imported Rice obviously helped by the military government of the day and every other government since Obj to Buhari.
My take is if Dangote requires crude, I am sure the Government would say buy it at prevailing dollars rate per barrel. But something tells me Mr Dangote wants to buy it in Naira. I think that is the bone of contention.
After all if I am looking for Dollars & a Nigerian can give me the dollars why go look for oyinbo that would give me the dollars. Abi I lie
Nobody is telling us the real “ koko “ the real bone of contention, but my instinct tells me it bothers around pricing.
Like someone said e be like say Mr Dangote has over exposed himself and may be dithering on bankruptcy if care is not taking.
We go siddon look oh😳

That is why I say and I still repeat that Dangote is scamming the Nigerian people. He never tell truth yet about what it is he really wants, it seems, from the Nigerian government in this.

▶ If na crude him want, Dangote Refinery can drill its own oil. Dangote to commence 100,000 barrels of oil production report from 4 years ago
▶ If na cheap crude him want, reports claim that Dangote Refinery considers US crude to be cheap Dangote Refinery To Buy 24m Barrels Of Crude From US from May 17, 2024

Dangote Refinery has revealed plans to buy at least 24 million barrels of US crude over the next year as it ramps up its processing capabilities.
A report by Bloomberg revealed that the $20bn refinery has issued a term tender for the purchase of 2 million barrels a month of West Texas Intermediate Midland (WTI) crude for 12 months starting in July, which amounts to 24 million barrels of crude in one year.
The call for US oil reflects Nigeria’s struggle to lift its own crude production, which remains well below theoretical capacity, as well as Dangote’s willingness to tap cheaper supplies than it can find at home. It also highlights how influential the refinery will be in global crude and fuel trading.
Elitsa Georgieva, Executive Director at Citac, an energy consultancy specializing in the African downstream sector, said: “Supply of Nigerian crude is insufficient or unavailable and sometimes unreliable. WTI on the other hand, is available, with reliable supply and competitively priced

tatutatu:
they would have given the money to companies like Dufil, flour Mill etc so that they can subsidise food. And let every Nigerian benefit.

Food insecurity is partly a result of insecurity that farmers all across the country have had to face at the hands of terrorists including those masquerading as herders. If the Government had long tackled that one problem, the Nigerian people would only be dealing with the ripple effects of the high cost of fuel and food as a result but not food insecurity.

Afonjah:
So Tinubu is blaming Dangote for his failure as President? Interesting.

Don't forget! Dangote is equally blaming a cabal(no named phantoms) for his failure in getting the refinery online after so many promises.

ElSudani:
■ It is sickening really. Like Dangote is the government? Dangote doesn’t make too much noise but he is record to have spent a lot of his personal fortune on philanthropy.

They said the same of Abiola, and those of us who know the truth know it was all for.... 😏😏😏😏😏

vanitybutiwanti:
He bought the land when Fashola was governor and the 19b was $100m at that time

Does this mean that Fashola collected Naira 100 million from Dangote to ensure he got the land or what?

Donbunchis:
■ When he came out his ideas, IOCs should have have taken him serious. Until now, NNPC is still not taking one of the biggest refinery on earth serious and this monument is our legacy.
■ Ask NNPC why they aren't pumping crude to Dangote and also not fulfilling their agreement to help them sit on the board of refinery with him. We no get Spence for naija. Java!

Why should NNPCL do that? Was it set up specifically to provide the need of only Dangote or what?

The answer to that question has been available to all Nigerians since the Buhari administration. Even Dangote has finally admitted to it. Buhari engaged in forward oil sales which means that much of the oil drilled today by NNPCL is being used in paying off that loan for probably the next decade.
Dangote blames NNPC’s forward oil sales for refinery’s lack of crudeDangote has known this before now. So, what exactly has he been complaining about?

https://www.youtube.com/watch?v=ENWp9OhZAf4?si=Jt5FVNWD2IxATfaX
Why Nigeria Can’t Give Dangote Refinery Amount Of Crude It Requires - Energy Expert

princepeter566:
Corruption begat corruption.
Corruption fighting corruption.
Dangote is corrupt.
NMDPRA is corrupt.
National assembly is corrupt.
All fighting for their pocket

They all know themselves. After all the dust settles, na Nigerian people go still suffer am. The price of refined products from Dangote and any other sources will likely remain at or above Naira 1000. So what gain do Nigerians get from it all?

Yankee101:
Tinubu wants that refinery or a piece of it himself

How? Tinubu wants the refinery or Dangote is offering it himself? What I see is a desperate attempt to make Dangote a victim of sort in all of this.

ROFLMAO!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

What in the world is this for Pete's sake!

onatisi:
They will do everything to make sure Dangote is frustrated . Tinubu will ensure this for two reasons
Firstly is ,Dangote never supported Tinubu elections , he supported Atiku and PDP wholly, and he is still pro Atiku to the core so Tinubu will not want him to have any headway .
Secondly is that when Dangote refused to support Tinubu , Bua stepped him and supported Tinubu elections massively Witt everything, now Bua too about to complete his own refinery ,Bua and Dangote have been serious political and business enemies for years ,now that Tinubu is the president , we all know who he will support

Let's stop all this nonsense. What stopped Dangote from drilling his own oil to supply his refinery project? He started with 2 oil blocks back in 2020. Why not continue with that?

Dangote to commence 100,000 barrels of oil production

AbujaCitiBlog:
■ It's Tinubu and his criminals that wants to buy him out! He doesn't want to mention their names. Tinubu and the Chagouries

Dangote is the one who is listed as wanting them to buy him out though.

Saao:
I even learned the imported crude is cheaper than our own. Tinubu is just trying himself. Dangote is bigger than what he can imagine. I'm not sure is willing to come back in 2027, north wont forgive him

So why was Dangote complaining then? Cause Dangote is the one who started all of this by trying to blame some cabal for his inability to source crude from NNPCL when in fact most of the crude has previously been sold to pay off loans, many of which were obtained during the Buhari administration.

dalongjnr:
What he did for his constituency is more than what the passed senator did in the central zone.
He tarred roads,trained artisans, secure FG jobs to members of his constituency, shared cars,motorcycles, multiple trailers of rice,share monies in hundred of thousands/millions, drill borehole in all the wards of 3 LGC(PKK), built and renovate schools, free jamb registration for all ss3 students in his constituency, street lights in all LGCs,etc
The man Babayo Gagdi is blessed and this car is like a bicycle, compare to how loaded he's.

So, somehow this means if he is caught stealing for the purse of the people, we should all look away? Do you realize that this is the very reason why corruption continues to thrive in that country? Politicians steal billions of naira but make sure to give some money to the people now and then so the same people they are stealing from can pretend that they are gods and not the thieves they really are. He has been in the Senate for 5 years and look at the list of things you claim you have done in all of that time, none of them tangible or worth writing home about in terms of building lasting impact in the lives of the people(not some).

Sergio108:
■ You ain't current or what?

Currently on the wailing of Dangote? No.... I am more concerned about the facts that Dangote himself has known for over a year now.

AAAA67:
That's an oil producing state. They don't have allocation? Most people states are worst off,but we keep blaming the FG. .

State allocation for Bayelsa in 2023 was N268.34bn

Saskay44:
■ If dangote is crying means there's problem Imagine frustrating the richest man in Africa , how would foreign investors now cope

Summary of what interview is this?

Akinpresident:
24,000 bags x N30,000 will give you 720M.
Is it possible that this amount can't start a farm settlement across the entire states so they can produce food on their own and subsidize the costs?
These bags of rice, by the time it gets to a family they'd get at most one paint of rice or even one mudu. How long is it gonna last them?
Start a farm across the country with these palliative money. Each state should donate hectares of land, FG will use this palliative money to get them tractors and improved seeds and people will be employed to work there full-time. Foods produced there should be sold to people in retail quantities for a fraction of what they cost in the market. For instance, if they buy yam in the market for 3k, sell it to them for 500 or even less.
Money from the sales would be used to restock seedlings and pay workers working in the farm. And then put good and selfless people for sustainability because something as good as that, politicians can easily corrupt it and it'll die.

This giveaway requires confirmation.

abbeyfel:
And this is a comment gone too far. A poor man cannot dictate how a rich man should spend his money!

Do you have proof that the money is his?

MrEverest:
You’re either an abobaku or a bot, but know it today that a lot is going to happen. Even Tinubu and his gang of looters are already scared of what is coming. Intelligence report indicates that many of them are already evacuating their families abroad. However, the politicians themselves won’t escape. Airports will be blocked while Nigerians will move from house to house searching for the rogue politicians that destroyed their lives and destinies. No amount of ethnic baiting or dog whistling will work this time because even the Yorubas are very angry at the drug lord.

It will be unprecedented and the world will watch the events.

Name them so we can access them and collect our money back after all of this is said and done. We have Nigerians pretty much everywhere in the world who can find them and point them out.

VeeVeeMyLuv:
■ Simply because he was from minority trib obviously

I mostly disagree! That was not the primary reason for the protest. Things were hot in Nigeria during that time. Boko Haram and the Niger Delta terrorists had resurfaced during that time, and there was also the question of removal of fuel subsidy to deal with and the lack of confidence in the competence of the man, Jonathan at the time too. Of course, some of those politicians(gods of men included) who protested may have done so because he was from a minority tribe or so, but there were real issues at the time that warranted the protest.

ObKeeng:
....

■ If you are really fed up, make sure you know where your Governor, Senators, Representatives, Local Government Chairmen, Judges, Police chiefs, etc, are located. So you know who to visit once you leave home for your protest. Start where you live to make sure they don't run away. They must all be arrested and investigated for the corruption in the system. No Attack them ooo....na peaceful protest this is supposed to be. Surround them.... citizens arrest.

crookes:
■ The said car was bought 2020 and was gifted to the girl on her graduation.

The car was bought in 2020 and gifted to her in 2024. You seem to know a lot about it. What is the make of the car? How much was paid for the car back in 2020? What business was the man doing in 2020 that he was able to buy the car in 2020?

Umuinyioku:
The cost of the car not up to the amount quoted. exaggerated.

How do you know this? Do you have any additional information on the car and the actual cost? Feel free to dispute the cost.