₦airaland Forum

poseidon12:
Then the government should encourage other Nigerians to establish more refineries. You don't prevent monopoly by destroying someone's investment. Don't be an enemy of progress.

poseidon12:
I lack the intellect to make sense of this or present a counter argument..

PSmurf:
I agree to an extent - that cement prices can and probably should be lower, but also recognize there are other competent players in the cement market that can lower their prices and take market share from Dangote if it's profitable to do so. The fact they're not doing so suggests he might be selling at a reasonable market rate. Or that there's anticompetitive collusion in the market-which a responsible federal government should investigate and put an end to.

cyphaAhmed:
Are you proud of yourself right now?

MrBrownJay1:
hhmm let me see...
A) the Nigerian gov wasnt paying outrageous prices to get cement (from some yeye Malta factory) before Dangote came into the cement business
B) the Nigerian gov didnt have failing cement factories in Nigeria that baba Dangote had to invest $20B in order to construct a cement factory to save Nigerians and oil prices in Nigeria
C) what else do you see in your crystal ball that stops you from seeing that someone building the biggest refinery in Nigeria is a great thing for Nigerian and Nigerians (regardless of what you "imagine/wrongly assume" will happen in the future)?
D) so you are saying that NOBODY should trust Dangote because cement price is high, yet Nigerian prices are SUPER HIGH TODAY and the country is falling apart (for the last 60years) but you keep trusting the same yeye political parties to rob you of your destiny... pls do tell me, whats the difference between cement monopoly and monopoly of the same yeye political parties ruining Nigeria year in and year out? if you foolishly accept one, why are you so bitter in accepting the other?

at the end of the day, whats best for NIGERIA/NIGERIANS today?

MrBrownJay1:

what does cement got to do with anything? was the gov buying cement from abroad in the past? was the gov selling cement to Nigerians in the past? rice is more expensive today, is that Dangote's fault too?

Nigeria has FOUR yeye refineries that has never been able to solve Nigeria fuel problems... but if someone put $20B of their own moneyto build the biggest refinery in Nigeria (that can cater for Nigeria's fuel needs), you want to call that monopoly because Dangote's refinery could solve the Nigerian problem that Nigeria (and its 4 yeye refineries) couldnt solve?!?

PSmurf:
I'm guessing you're feigning ignorance of the dark fleets that sell Venezuelan crude throughout the world? Tell me the last time you heard of one of these dark fleets being seized by the US? Or you heard of India being sanctioned by the US for buying cheap Russian crude? Just stop defending the indefensible it makes a mockery of your education and intellect.

MrBrownJay1:
- why are you worried about monopoly if/when whatever comes out of Dangote's refinery will be cheaper than what Nigerians get today?
- if Dangote's price are more than what Nigerians are getting to day then A) why would anyone buy from him and B) it would be very easy for the gov to solve the issue (aka buy back from these yeye Malta refineries and put Dangote out of business)
- so all the profit from crude oils is better to go to foreign companies that do nothing for Nigeria instead, abi?
- for +60yrs nobody has done anything to solve the issue, suddenly ONE MAN does something to better the lives of Nigerians by investing $20B of his own money (and expect to make money out of it), and you guys have a problem with it?
- why pay a foreigner to do what a Nigerian IN NIGERIA can do just as well?!

but here is the important question: WHO CARES IF DANGOTE HAS A MONOPOLY (OR NOT), SO LONG AS HE CAN GIVE NIGERIANS CHEAPER FUEL?!

nerdjared:
Changing your account and writing with red won’t make you sound intelligent

udemzyudex:
Another clown, you want to give a business man monopoly, how?
I thought you lots said PH refinery will start operation by December?

What about the modular refineries, so all of them will stop operating because dangote is now into oil business?
Smh.

RepoMan007:
NNPC has four refineries under their control. What monopoly are you talking of?

flyinnizam:
USA and venezuela na same country? what rubbish are u saying. venezuela is a free and sovereign country

VikingKing:
You will defend the devil himself as long as he's willing to pay you. Where are the imaginary dollars you once said we will save from subsidy? How much is the naira which you said will gain massively when the imaginary dollars start trickling in? Your own na to just dey form expert on every topic when you know absolutely NOTHING! What's up with the dollars you said we will save after Binance? Empty barrel!

Please check my profile for the real free stuffs

FreeStuffsNG:
Petrol is cheap to buy and import from Malta because most oil companies are aware that it's cheaper to refine and produce Petroleum products in Malta.

If it gets expensive tomorrow, Petrol importers and refiners will go elsewhere. Watch out for Venezuela in few months time

xjiggy:
The above said refinery is 2in1. The initial refinery was commissioned in 1999 with a refining capacity of 668,000 b/d while a second refinery was built in the same complex and commissioned in 2008 with a refining capacity of 580,000 b/d. It's a twin refinery complex. Dangote is a single refinery complex. The cost of the initial phase as 1999 according to your write up is $6billion which is equivalent to $11.2billion today's value. Cost is relative. Maybe you missed an article a few days back where Dangote explained that most of the land he was allocated was swamp he had to Sand fill and he had to continually pay different communities to relocate ancestral shrines.

allthingsgood:
This is the most ridiculous explanation i have ever heard lol. Dollar was not subsidized. Dangote bought dollars at CBN rate, not subsidy. Can you try to get your facts right abeg? lol. Na wa o. In this modern age of google, somebody is still typing lubbish.
Besides even if the rubbish you are claiming is true, Nigeria allegedly already has 20% stake in the refinery. Why should Dangote dash Niger Delta anything

nedekid:
Dangote has said he does not want to do again, in that case, nnpc, N delta or who ever is interested should buy him out.

Gboss247:
Entitlement mentality is a deadly disease!

Greenfusion:
The subsidy given to Dangote and the money spent to repair the Govt owned refineries yearly which doesn't still work which is higher?

Also, y has NNPC refused to provide crude to an internal customer?

Also many business men or women had indicated interest to build a refinery in Nigeria and was rejected?

slimthugchimee2:
Again, allegations pulled out from anus

You have to be civil.If we are to disagree on opinions. It has to be within civil discourse.

Greenfusion:
The subsidy given to Dangote and the money spent to repair the Govt owned refineries yearly which doesn't still work which is higher?

Also, y has NNPC refused to provide crude to an internal customer?

Also many business men or women had indicated interest to build a refinery in Nigeria and was rejected?

slimthugchimee2:
First of all, he doesn't drill or mine oil

Secondly, he doesn't take anybody's crude oil, he buys them

Thirdly, Nigeria has frustrated him soo much he now has to buy crude oil abroad

But you want to put mouth and eat what you did not cook
Hypocrites

allthingsgood:
This is the most ridiculous explanation i have ever heard lol. [b]Dollar was not subsidized. Dangote bought dollars at CBN rate, not subsidy. Can you try to get your facts right abeg? lol. Na wa o. In this modern age of google, somebody is still typing lubbish.
Besides even if the rubbish you are claiming is true, Nigeria allegedly already has 20% stake in the refinery. Why should Dangote dash Niger Delta anything[/b]

allthingsgood:
why didnt the governors of niger delta buy a stake Sgould Dangote just dash them 30% of his investment, why the governors keep looting spree

freeman67:
Why should Niger Delta own even quarter of a share in that refinery when they neither contributed a quarter kobo or efforts to it? People Like reaping where they did not sow. All the militants leaders that have been vandalising pipelines and doing bunkery since God knows when can not come together and build a Refinery. The state governments in the Niger Delta with all their 13% allocation of this world can not come together and build one. Marching ground money could not do it too. All they do is disrupt.

The refinery is not located in the Niger Delta and crude is not going to be gotten from their for free.

What then is the rationale for your assertion?

greypencils:
Bottom line, if Dangote is given all the crude oil he is asking for, he will run other oil companies out of business. As Dangote refinery is creating jobs, it is also rendering employees of other oil companies jobless.

casualobserver:
You are very ignorant. Dangote bought the textile mills founded by Awo. It failed for the same reason all the textile mills in Nigeria failed, it failed for the same reason his tomato factory failed.....government liberisation policies and failure to protect local industry, cheap imports from the likes of Peter Obi. The jobs that Dangote would have created in Nigeria, Peter Obi exported abroad.

I have said it before, Dangote is no saint but you haven’t got a clue.

casualobserver:
Pettymindedness. He wasn’t and isn’t the only producer of cement. Cement is not as critical to the nations survival as his refinery.

Your argument is like a man who is dying and the only doctor who can save you beat you up in school so you refuse to let him operate on you. That’s your choice but the consequence of that choice is certain death.

Nigeria’s survival going forward is dependent on the success of the refinery….like it or not!

Dangote refinery fails and we will be worse than Sudan. That is no exaggeration.

casualobserver:
Again bad belle people and pull down Syndrome.

With due respect I don’t think you understand the dire straits Nigeria is in. We should be begging Dangote to take crude.

We keep begging foreign investors to come and invest, with due respect no foreign investor is going to come and invest the sums Dangote has invested in Nigeria and this is how we treat his investment?

We are not serious people. Be under no illusion without Dangote’s refinery we are forked!! Nobody is saying Dangote the man is a saint but we need his refinery to be successful or we are forked!!!!

I really don’t think you people understand how existential this matter is to the future of Nigeria.