₦airaland Forum

Electorate:
Dear Malali,

Defending NNPC on this issue is totally illogical, Have you asked yourself why NNPC deliberately refused to fix all four(4) refineries and are very comfortable importing fuel? For decades no individual or group of people ever thought of setting up a refinery but Dangote took up the challenge to set one up now you are all crying of monopoly, should we keep wasting tax payers money on fuel import? What about forex?

Dangote never said he want to be the only player in the energy sector, others can come in if they have the financial muscle, now that is competition. Infact, Dangote offered to sell his refinery to NNPC.

It is no brainier that the Cabals eating fat on oil imports and who have sworn never to let our refineries work are behind this nonesense.

Why refuse selling crude oil to someone that can produce fuel and sell cheaper but comfortable selling crude oil to importers who will import expensive fuel? Is there any logic in that?

Please stop defending absolute nonsense.

Thank you

DEXTROVERT:
No its
In leaves not cowry.

Media recruit

Sense
Can't reveal that to you.

Go
And ask
The diesels
He sells
Whether in cowries or your 20k media hype salary

Kukutenla:
Stop telling lies. This is beginning to sound more like hate. Cement imports was banned in 2004 by OBJ so how did Dangote get 50 years concession?
Can you explain how NNPC's present model makes the market competitive? Does it make sense to ask Dangote to compete against govt? Or are you unaware that NNPCL is 100% govt owned.
You're uncomfortable with Dangote's monopoly but sign up for NNPC's monopoly
How does that make sense

Kukutenla:
Really? Explain Walmart and retail store business in the same US. You don't know what you're saying man

DEXTROVERT:
Now
I
Believe
People
Are
Paid
To
Support
I'll and non friendly government policies

In your
Crooked
Mind
You
Want government to continue importing fuel with scarce dollars
So dollar go reach 5k

maasoap:
You have been told to educate yourself on subjects you don't understand and stop wailing shouting monopoly everytime. Your family get 20 billion dollars to invest in refinery? Baabu sense.

InvertedHammer:
/
Now do us a favour and list the competition for Dangote Refinery in Nigeria.

The secrecy surrounding subsidy payment is a pointer to why Dangote Refinery is being gradually frustrated out of operation. Nigeria is not in short supply of paid pens who justify every atrocities by every regime since 1960. Ever wonder why the country is stuck on a treadmill of motion without movement?

I am sure that you have never read the fine prints of open market economy.

/

Eriokanmi:
I disagree. You can't be said to be operating under a monopoly by having the largest share of the market, in which there are other players and a level playing field. Don't misconstrue market share as monopoly. They're 2 different things. For instance,Indomie has the largest share of the noodles market in nigeria so, can you say the market is being monopolised when the likes of mimi and honey well are there and still producing? In a literal term, a monopoly exists where there's no competition.

ojuu4u:
Ur daddy is not rich,yet, someone who is risking his investment to rescue a collapsed country ,you are posting trash, to surpot nonsense, claiming concerned Nigeria.

Of course, since u dnt see beyond Nigeria and ur perspective is grossly bias and myopic.
I will indulge you to study, 2 most advanced economies and how they are supporting their own citizens, to fix personal business, which they know,it would be a beneficiary to the country in the long run.


Check below and see what President Bush did for "General motors" during his time, and create time for urself to read several stimulus packages that Bush predecessor, Obama did after Bush left office.

InvertedHammer:
/
You are funny!

Most developed nations do not allow open competition in critical sectors. US subsidizes agriculture and has a grip on technology sector. Internal competition is promoted but they protect their industries against international competitors.

Free market economy is why Africa became the dumping ground for "waste" and substandard products from Asia and the West.

The problem with you crop of phantom intelligentsia in Africa is that you embrace the diagnosis wholeheartedly and take the prescriptions of your masters. You ignorantly believe that it is the best which explains why World Bank and IMF have never led any developing nation to prosperity.

/

Eriokanmi:
You tried but dangote isn't operating in a monopolistic market. Bua group, Ibeto, Lafarge/WAPCO are still in active operation in same market. Dangote only has a edge over them because he has the financial muscle as an individual to operate. He also has cement plants outside Nigeria esrning him stable fx,hope you know.

On the oil and gas investment, before Dangote came we had 4 solid refineries which they rendered moribund due to corruption in the system. Only nnpc was importing petrol, the Monopoly which Dangote refinery has now broken. Rather, nnpc was the one operating as a Monopoly in the oil and gas market, not dangote who came just yesterday.

Bua group is also coming up with their refineries. It would soon be completed. We have modular ones too which have been in operation before dangote came. If you have the capacity today, you too can build one. Dangote had reiterated that he enjoyed no benefit from the FG. The money they contributed was a loan, which hes been paying back already. He also said he paid 100m usd for the land he built the refinery on.

So, in this case, Monopoly is out of place.

ojuu4u:
Thank you for your long epistle and ur understanding on the issue, but sir, when will ur daddy would start his own refinery, iron still, bitumen, railway and other gigantic and capital expensive companies?

We want him to benefit alot from govt surport and extention, for nigeria youths to be able to have job opporunities.

We dnt want people to be japaing" to sahara desert again, where they exploit nigeria citizens

Demayour:
The summary of your post is to frustrate Dangote's refinery so that we can stop him from monopolising the energy sector (which had been in perpetual instability for decades).

I'm really curious to know what inspired your writeup. Is it the love of Nigeria or the support of Tinubu or basic support for economics? Whichever it is, it is misplaced.

Dangote has eaten from Nigeria's corruption no doubt but imagine Nigeria having 10 Dangotes with the number of employees that he has and the value chain that profits from that. For now, Nigeria doesn't have a choice because we don't have a stable energy industry and someone pumped that much money while the government gallivanted that it was their doings, they start frustrating the same firm when it is completed.

The politicians alone are not the ones destroying Nigeria, they can never destroy it unaided. They need instruments like you but very soon, all that will be dealt with and Nigeria will overcome her problems.

GoodGovernance:
Insanity is when you think a local petroleum refinery can successfully compete with a petrol importer in Nigeria.

We can as well start importing everything that we already produce in abundance in Nigeria.

Stupidity is when you think a refinery that can supply all our local needs should be frustrated by making it compete with brief case importers.

Eriokanmi:
Define monopoly. That's an assignment for you today

jude79:
This post reeks of envy, hate and wickedness rolled into one person.
This kind of wicked individuals existing in this country, is the reason God punished Nigeria with wicked leaders, so that they can repent, but it seems that their wickedness and jealousy increases as they become older and poorer, dangote is the second largest employer in this country, but this individual can only get orgasm when he sees people being deprived of their legitimate source of livelyhood, what a wicked tormented soul