₦airaland Forum

Reference:
Hmmm....indeed we all know where this is going.
But things have to be done the right way.
It is a question of coming to equity.
It is one of the key attributes of being a judge or a referee. Your life is an open book. It is not a job for everyone. You cannot run a successful restaurant as a glutton.

nairalanda1:
IN 1993, the then government wanted to remove subsidy so that the ground would be prepared for more people to invest in refineries.

Nigerians like you said no.
In 2005, the then government too wanted to remove subsidy
Nigerians like you said no
In 2012, there were sixty licences for refineries existing
But because Nigerians like you said no, all of them could not get loans from banks and other financial institutions and also could not attract investors, because no one is going to invest in a refienry that is forced to sell subsidsed fuel.
Dangote was the only one, and I am not praising him...who got financing not because government favored him, but because the banks knew that if he failed to make a profit from his refinery, and defaulted on his loans, they will just take their money back from his other businesses via AMCON.
All this talk that you are saying dangote wants to be the only one, know that Nigerians like you brought it on yourself. If you had supported the removal of subsidy in 2012...and you did not need to support GEJ to do so, there is a difference between supporting sane economic practice and the party that produces them....by now there would have been at least two other refineries competitng with dangote. Even now, BUA, and at least one other person are putting up refineries and at least two people have refineries in the pipeline.
Dangote is in a position to have us as his mercy because you Nigerians kept on supporting subsidy without realizing that you were doing yourself long term.

SlavaUkraini:
The Real Cartel are the "independent" Oil marketers that have been sucking Nigeria dry over the years.

Without verifiable Data, they are expecting Tax payers to pay 200 billion naira...

Aliko Dangote is here to dismantle that Cartel, constantly reduce the price of fuel and save taxpayers from paying illegal money to marketers

ccollins:
go and sit down somewhere.its like you are being paid to come online and malign dangote. Are u working with nupeng and petroan and those independent marketers

Reference:
Hahaha...this man. You sure say you no be the Mr.Farouk in the flesh.... ..

Any way it is true. It will be funny to flee from one prison only to run into another.

odejimioflagos:
This matter is very serious and the ICPC should do a thorough job. If the NMDPRA CEO is innocent, he has nothing to fear.

Willie2015:
Huaxin just completed a take over of Lafarge...that is a global brand that's way bigger than Dangote Cement. The US govt sued Microsoft for monopoly practices in the 90s. FG can control Dangote if they suspect monopoly practices., that's the global practice. BUA refinery is coming up to compete with Dangote in that sector. That's what they called healthy competition, we expect other refineries to come up with time.. It simply bad economics to grant several import licenses to kill local production in the name of competition ..that's a dumb strategy if you have good knowledge of basic economics. Lastly, What you have failed to explain how you intend to control those cabals thats milking Nigerians from those import licenses that's adding no value.

Lukuluku69:
The US pay for those imports with the currency they printed, they are in control of and have the power of supply over. Is this the same with Nigeria?

We have been told severally (unless it is a lie) that importation put a strain on the value of our own Naira which in this case is what will happen if we cam produce locally but choose to buy from abroad.

Every Nation protect her local industries reason why the US under Trump have been imposing Tariffs on almost everything entering the US.

I am not siding with Dangote here but rather with Nigerians and Nigerian Economy.

Tens of Modular Refineries are coming on board soon. Continued importation will stifle them all.

Lifestone:
You missing the big picture. How does importation solve our energy problems? I thought what those wailers should be doing is developing and seeking support to build a Refinery or buy out NNPC Refinery and compete. These your argument does not hold water

Lifestone:
Go and build Refinery and compete. This your argument is stale

Lifestone:
Because we are all Nigerian and we know that the so call importers comes from Togo, and some blended. These are individuals who import only documents as fuel in the time past.
My question to you why these individuals can't build a refinery for themselves and compete?

ViceGovernor:
Lol 😂😆 wait till Aliko drops further revelations about the man's corruption, na him go sack himself last last.

Dangote will end importation of fuel 💯 percent next year by God's grace, all he has to do is to crash the price and all these saboteurs like Faruk and Co. Will find their square root.

Enough of importing fuel and selling to us in dollar rate.

Lifestone:
Has he stopped them from building a Refinery? That's how we killed the Textile industry.
You obviously want us to go back to those era when we are dependent on importation for energy security. The stability we have today in our fx market is as a result of Dangote's effort.
I can't see monopoly here

Willie2015:
i Dangote is not the only one in cement Lafarge and Bua... are competitors. Same will go for refinery...BUA is coming up soon ..others will follow.

STEWpid:
C h a i..The writer is biased!!
A suspected paid agent by Farouk Ahmed!!

You said Dangote is angry that Farouk opposed the 15% import tax duty on importation of refined products just because he wants to monopolize the petroleum industry?

Our refineries have refused to work because of corrupt people like Farouk who wants soft landings for fuel importers than making local refineries work so that we will even forget about importation of fuel.

Na we get this crude oil for God's sake!!!

So Farouk wants a lower tax on importation of refined petroleum products so that Nigeria, a country that is richly blessed in the same petroleum resources, will be solely dependent on imported petroleum?

Farouk is against that high import tax because he is also part and parcel of those importing the fuel to the country at the expense of the masses as against the drive for functionality of our refineries that has been a monumental disgrace, gulping billions of dollars quarterly in the name of turnaround maintenance that hasn't yielded anything other than embezzlement/corruption.

Chai.. NaijArea..
When you fight corruption, the same corruption will fight you back,,

Lifestone:
Obviously sponsored by those who are benefiting from Farouk continuous stay on the seat.
So because Dangote is a billionaire, he should wait, open his eyes and allow his investment to be destroyed.
Dangote said his tanks are filled with refined Petrol, his production can meet local demand, at which point the PIA said an embargo should be placed on importation of petrol ( When domestic production meets local demand) yet the Farouk kept issuing import license.
That's how they killed the multi billion Naira Textile industry, Nichemtex gone, Nigeria Textile, Kaduna Textile etc all gone because of this type of policy.
I like Dangote style, he won't wait to be destroyed.

GreenCovering:
Are these paid writers to spill out insinuations rather than NPDMRA coming out to own their statements themselves. Let them come out and deny the allegations boldly.

Dangote named names when he spoke. If NPDMRA has any facts against Dangote, let them come out and say it on quote. They should stop speaking through unauthorised third-party mouthpieces.

66uvie:
"Mr Ahmed publicly explained that funds used for his children’s education came from long-term savings, including a scholarship scheme and personal investments, not public resource"

Nonsense talk, a Man that have been a civil servant most of his adult life in a third world country was able to save millions of dollars from his employment, how is that possible ?

Willie2015:
Is the corruption level in the US same as Nigeria.?? Textile industry completely collapsed cos of imports by Hausa elites.. Make una try dey reason properly now...i

ViceGovernor:
The guy is sabotaging the national economy, don't you see that?
He is issuing import of fuel ⛽ to the tune of 7BN litres when we have a fully functional refinery that can cater to the need of Nigeria and the whole of West Africa at a cheaper rate and higher quality fuel.

That's part of the reasons the dollar is so high against our naira, he is part of the persons making our currency redundant because what he's doing is encouraging import, and he can't even deny that he didn't get any kickback from the importers.

That man is destroying our economy he is among the reasons we are buying fuel for a thousand naira because all they do is import and import and keep importing rubbish blending brown urine disguised as fuel for us.

President Tinibu should do well and sack him immediately.

Lukuluku69:
Continued importation of refined fuel will kill local production and not just Dangote Refinery. There are many Modular Refinery on their way and even a New Refinery coming on board.
The Regulator in this case ought to be pro-Nigeria and not his own pocket.

Mercury12:
He won't survive the heat. He is going down

Mercury12:
grammatic gibberish fits for the trash can only

ruffhandu:
1. Dangote is championing the fight against the corrupt guy because Dangote is a human and a citizen, and it is his obligation to do what he is doing, just as it is yours and mine.
2.No, this is not the first time Dangote, you and I are seeing corrupt Nigerian officials, but this is the time Dangote has the balls to escalate it, it may have gotten to his neck and he has the muscle to voice and , and his voice is quite one Nigeria cannot wave off easily. You and I may only end at ranting on social media, even if we go to court, the corrupt guy will use the system to waste your time and resources and still bribe his way out.
3. Whatever motive he has, the question is "Is farouk corrupt?" if yes, he should be punished.
4. Even if Dangote comes to say he himself is not corrupt, it he may be a liar, just like almost all your politicians. Amaechi came openly to say it. Was he lying? You and I know the answer. But tell farouk or any other, if they have a thing on dangote, they should blow the whistle as weel, simple.
5. If you check your constitution, you may find that already, but the big guys know that the hoi-poloi are just as useless as their slaves, and since they are all in it, who care about effecting the law. It is your responsibility to bring them to account
6. Not true. If he wants to use to settle score, so be it, so long as the thief is culpable.
7. you can as well sponsor the bill, dangot is a citizen, just like you and I.

please let´s stop being on the side of evil in this country. i always wonder, WILL NIGERIA EVER GET BETTER WITH THE WAY THINGS ARE GOING AND HOW THE OPPRESSED CITIZENS RUSH TO DEFEND THEIR OPPRESSORS BECAUSE OF SOME AFFILIATIONS?

You tried with your answers, but i am impressed with Farouk Ahmeds response especially when he addressed it as "BRICKBAT" and said the issues will be "DISTILLED".......That guy used very good word play.

Vifx:
Except oil sector is not the same as selling goats so stop Comparing apples to oranges
One is producing locally which brings in a lot of benefits to the local economy while the others are importing, racketeering, round-tripping and hell bend on ensuring the infrastructural deficit which is detrimental to the country

maasoap:
They're free to continue their importation as long as they don't prevent DR from reducing the price.


How will local economy grow when you allow your citizens to use imports to hurt home made? 20 billion dollars investment na joke to you? Well, Dangote or govt is not stopping them, they can't prevent him from reducing his own price. 🤣🤣