₦airaland Forum

richkal:
Shame to West and their allies supporting the self declared opposition government to create a chaos.

lol Shame to you. Just 8 years of Buhari look at the damage…lol imagine having buhari as a president for life…lol. You guys are just pure evil

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.

lol this is the funniest thing I have ever read…NNPCL has spent 25 billion dollars on turn around maintenance on our local refineries and yet those refineries has not refined a single crude for many years ….lol. For almost 20 years you have been importing fuel and suddenly you are worried about monopoly…smh. The truth is this statement “ NNPCL knows what they are saying about dangote” shows you are one of the dumbest human on earth…lol. NNPCL have the opportunity to make our refineries work to save us from the so called monopoly but they choose to import fuel while spending 25 billion dollars on refineries that still cannot produce fuel till date.

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.

Did he buy the crude at local rate? lol do we sell crude at local rate? Is the fuel NNPC importing sold at local rate? Is NNPC not claiming billions of naira monthly for subsidizing the imported fuel?

Asonaijaaso:
If you can engage in civil discourse, i will entertain you.
But if your IQ is not up to a well trained chimpanzee.
You can argue with yourself.

I cannot engage in a civil discourse with someone that his IQ is less than well trained chimpanzee. I don’t need to be entertained by a dunce . Have a nice day

Asonaijaaso:
God bless you, King Dangote is not above the law, his media campaign was to vilify NMDPRA Chair Faruk Ahmed, King Dangote believes in his mind he owns the Nigerian fora. He is not answerable to anybody, not even the president. He even started reselling his crude oil without a license to sell crude within Nigeria.
Thats a big offense if its done by an ordinary individual. Let him run his refinery fro the whole world to see that it works. Thats the first step.
The government should not make the mistake of buying a non-functional refinery from him. He should fix the Crude distilling unit and produce the petrol and the government should test the purity.

“He who comes into equity must come with clean hands.”

lol says a foolish citizen. A mumu like you think a government that spends billions of naira for 20 years doing turn around maintenance on our own refineries and yet not a single crude is refined by those same refineries has clean hands. You don’t find it shocking that a country with crude oil and four refineries has been importing fuel for 20 years….lol. Dumbest set of citizens a country can ever have are all base in Nigeria hence you guys are blessed with the likes of Buhari and Tinubu. A country has spent 25 billion dollars to fixed refineries so far and yet no single crude has been refined by those refineries.

FreeStuffsNG:
Go and read the article again. Slowly read that part that states that marketers import from overseas and sell in naira in Nigeria. So he has the option of using the local marketers on the fair terms they claimed he is giving to IOCs loading products from him.

Diesel has been completely deregulated so FG gives no subsidy on diesel. Wetin now concern FG? I have suggested a way for him to have more money to run the business since that seems to be a problem for this business, please suggest your own too instead of being uncouth.

Lol will they sell in dollars? I mean they will covert in terms of dollars and sell in naira. Was my comment and attack to you? Or are you not seeing the news of the monopoly attack on dangote?

FreeStuffsNG:
A few options are available to Dangote but the most viable of them is that he should consider divesting some of his shares in the refinery. It may seem a difficult option but it is the best for him given the circumstances.

Very insightful article. Thank you for sharing OP.

I believe that he can sell some of the shares and buy back those sold shares when the refinery becomes operationally stable and profitable like he did with his Dangote Cement Plc listed on Nigeria Stock Exchange. His Dangote Cement ( DangCem) has been doing share buy back for some years till date.

May God bless Nigeria for ever! Check my signature for free stuffs!

If he decides to sell petroleum base on dollars rate most of you will come for his head saying monopoly shit but the write up clearly stated everything in dollars term

nony43:
I used to think that Dangote can’t talk. This Drug baron’s Koboko go reach everyone. For your Info Dangote is one of the beneficiaries of this corrupt system. Do you think that he will be crying if Buhari and Emefiele were in power now?

Shut up! Dangote started as far back Obasanjo. It is only a fool that thinks Dangote is the enemy when you have bunch of ministers looting the country.
I hope he builds his steel meel in South Africa or Ghana.

Racoon:
https://www.bloomberg.com/news/newsletters/2024-07-23/aliko-dangote-and-nigeria-are-in-dispute-over-his-20-billion-oil-refinery

Dangote should build his steel in South Africa or Ghana so Nigerians can import it because that is what we cherish

Lithiumite:
Stop spewing thrash and displaying your defeatist mentality......cash is being sprayed at events all over the world,go to clubs and see how much cash is being sprayed.......was it not oyinbo that invented the cash spraying gun.

please use your winning mentality that you have to go and spray cash. I doubt if you know what defeatist mentality even mean….smh

Bigdocky60:
you still think like a monkey in this modern era black man seeing himself under the whites bitch ass nigga you dumb

Idiot you can go spray money and end up on jail… I doubt idiots like you even have money to spray in the first place.

Lithiumite:
People spray dollars and pounds abroad and no one is bothered......all these are just some ridiculous laws that has no bearing on the masses.....if a country is productive and the economy is booming,no one would bother about this nonsense.

Another reason to start looking for dollars which will increase demand every Friday.....do you know how Davido's wedding alone affected rates in the with the amount of dollars on display.

Who have the culture of spraying money? Do white people spray money at their weddings or parties? Who are those spraying dollars and pounds if not same third world underdeveloped countries citizens….lol they constantly beg for loans from foreign countries but yet you see their citizens displaying foolishness in the midst of hunger.

123yes:
As if everything on Facebook is fake. Men chatting with you as female and vice versa.. Go to the marketplace , that one is the worst.

Lol their dating site is just another useless one…lol. Nigerians claiming to be Chinese girls….lol

Reminderz:
all I see is two kids in a relationship wasting away precious time doing nonsense...

lol 2 kolo

Bignuell:
Bro there is literally nothing, you me or him can do to change the situation. They robbed our grand parents, our parents and still robbing us. If they want to continue importing, so be it. We're not ready to wake up, you won't die for Nigeria and i'm sure as well others won't. This issue runs deep, the selfishness is insatiable. They're all selfish, yes, they all are

Then let us stop complaining. They can put the price of petrol for 1500 self nothing we can do

Hemanwel:
How about making this woman to be the first female president of Nigeria? She's brilliant, influential, charismatic, knows macro-economics like 1-2-3... We cannot keep voting people like Buhari, Tinubu as presidents and expect Bill Clinton type of leadership. Kolewerk nah!

Do you want to deny her reputation?

michlins:
Watch how poor people will spin this story and make it sound as if because he's also a northerner.

I mean the same people who lament day and night about the cost of dollar and lack of employment opportunities.

They will be forced to think like animals because of tribalism forgetting that they are on their own in this life.

Nigeria needs Dangote refinery. Dangote refinery doesn't need Nigeria. Yes, he has hit a rough patch just like any new business venture does. All he needs now is to get past this stage and get more funding to secure crude from abroad. He will supply to African markets and we will continue our fights with subsidy

It is only a fool that will fight for dumb citizens. Is it not obvious that NNPC has been sabotaging itself? Majority of the people blaming the fall of the naira have zero knowledge of why the naira is falling. You expend billions to import refined petroleum products and sabotage all the refineries in your country…smh

themanderon:
The truth is none of them is there for the interest of the masses. Dangote is a businessman and let's not talk about the heads of those other agencies. It's all about greedy personal interests.

It is so therefore e no concern you so let Nigeria just continue to import fuel after all dangote is a business man….lol Na Mumu Dey fight for Nigeria Citizens. This is the reason we have those that stole Nigeria blind and still invest in Dubai and places outside Nigeria so you guys can just continue to say all of them na selfish people.

drkrest:
Let me school you. The author is 100 percent right. NNPC currently owes international oil suppliers over USD 6 billion. The corporation also owes Afreximbank at least USD 500 million. These loans are usually services by what is called crude oil swap, which is an exchange of crude oil for loans. The existing agreement indicates Nigeria is unlikely to make any substantial gain from future crude oil sales. When people argue about the country's current economic condition and conclude that violent protests or Tinubu are the cause of the persistent economic challenges, it only exposes the fragility of their ratiocination.

What about the fuel we import? I mean the finished product? Is that not also a swap deal? Is that also tied to the loan?

Difrent:
That's an understatement

Majority of Nigerians are actually dumb.

They are very dumb

Menclothing1:
Bringing present government he has one vote and you don’t even know who he voted for maybe Atiku
Anyone is free to vote anyone

Crude oil supply is sold 3 years ahead and there is contract agreement

You all
Stay on social media and spill rubbish

It is sold 3 years ahead but there was news that we have stranded crude oil that no one is buying because Russia was selling cheap crude.

Kukutenla:
What is free market economics
Can you explain it in this context

Na wa for you o. You want person when go akara school to explain free economics for you….lol

iichidodo:
[color=#1986BC] If Dangote wants to screw these importers who have deep connection with those in the corridors of power, then he should just crash the price of petrol and diesel far below the cost of importing.....Yeah, he will make losses, but it's an efficient way of fumigating those cockroaches...[/color]

Do you have a company? Have you managed any Business in your life? If not please crawl back to your bed and sleep. All of you are experts because of internet allows people with zero knowledge on a subject to type freely from their kitchen.

ejieddy:
Our problem in this country is NNPC. I wish that organization doesn't exist. It produces corrupt people every season. It's a miracle if someone manages to do the right thing in that organization and all its affiliates.

Sanusi was fired because of this same NNPC…. lol and Goodluck Jonathan gave us Emefiele

opamoses1:
But he was also buying his crude oil from the USA and all over the world. Free market economics.

So all the things your small brain cannot comprehend it since? So you do not understand why he had to buy from USA…..smh na as. Abeg just go back to sleep or find someone to interpret for you.

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

So where do we get the crude for swapping? Was that also contracted out? The greatest problem of Nigeria is the citizens. NNPC have been doing crude oil swap give crude oil and import refined fuel so please tell us what happened to the one they are swapping?

Chinkoalhaji34:
Na wa o! Why would they do that? Instead of maximizing Dangote's refinery to boost local economy, dem dey carry our crude go far. This na serious mismanagement! Hope say una sabi say we fit do better than this?

It is a deliberate act to sabotage the country. They sabotage the power industry they ensure to refineries function so they constantly import fuel….lol no matter how hard you try to stop subsidy they find away to bring it back

SmartPolician:
You can never understand this country!

When Nigeria didn't have functional refineries, this country was exporting crude oil and importing refined products.

Now that Nigeria has functional refineries, the owners of the refineries are importing crude oil for feed stock.

It is not difficult to understand…lol it is like the feeding of school children during Covid. Brazen and daring out of open corruption with no fear of repercussions. They are now openly sabotaging the country. The Nigerian Government is just sabotaging Nigeria

malali:
THIS WILL FINALLY OPEN UP THE OIL CARTEL IN NIGERIA.

NIGERIA NEEDS A SCANDALOUS WHISTLEBLOWER, TO TELL US WHAT REALLY GOES ON IN THIS PROCUREMENT AND SUBSIDY MAFIA.

TINUBU, PEOPLE SHOULD GO TO JAIL HERE AS WELL !! ITS NOT ONLY EMEFIELELE THAT SHOULD BE DETAINED, HE DIDNT ACT ALONE, THERE ARE ACCOMPLICES OF EMEFIELE WALKING AROUND FREELY.

THE NNPC SHOULD PROVIDE DOCUMENTS OF PURCHASE LET THE WHOLE WORLD SEE.

IF DANGOTE GOT CHEAPER CRUDE FROM USA/BRAZIL OR IF HE EXPORTED HIS PETROL/DIESEL FOR MORE PROFITS INTERNATIONALLY, WOULD HE REALLY BE FIGHTING NNPC ?

Nigerian Government is sabotaging Nigeria. First they ensure no refinery functioned for over 20 years. They ensured there was no electricity for over 64 years of independence and then they also destroyed the steel company . They budget huge amounts of money to share as palliative while ensuring that they destroyed Jobs. A private individual finally built a refinery and suddenly Nigeria do not have crude oil to supply the refinery….lol. Nigerian Government is sabotaging Nigeria ensuring the people remain poor for ever.

Okoroawusa:
I am voting for Kamala

on naira land you are telling us you are voting in America…lol how does that concern the ppl that are battling the epidemic of the current administration

thesicilian:
Trump was like Goodluck Jonathan: he wasn't interested in manipulating the polls to his advantage. Which is exactly what was done to him by the democrats. Just like APC did to Jonathan as well.

Shut up. They will sit in their kitchen and be typing like experts….lol with zero sense.

ify2016:
Terrible! Very Terrible!! Extremely Terrible i must say!!! Still wondering rational behind Ndume suspension. Government should accommodate a constructive criticism and implement people oriented policies.

“All the loans they collect, including World Bank loans, etc, are you aware that the same World Bank staff in Nigeria takes back 40 per cent and calls it consultation fees?

“These are things you people should look into. You people should focus on where the problem is and let them leave me alone.”

Where was Ndume when his brother was destroying Nigeria? Where was Neymar when the minister of humanitarian was stealing ? Did he protest hardship when Buhari was president? Did the hardship start with Tinubu? When the prices of food moved up by 300 percent when his brother was president is that not a definition of hardship? He should be suspended nonsense northerners