₦airaland Forum

I have absolutely nothing against Dangote or his refinery. He should do his business as he sees fit, but should stop complaining about competing imported products or endlessly badgering the government to grant him monopoly powers.

sulaak:
Stop importing consumption.

Those Complaining About Dangote Refinery Becoming A Monopoly Should Build A Refinery - Bernard Mikko


https://www.youtube.com/watch?v=KKsUsPB2GKQ

You can squirm and dissemble all you like but you still won't be able to justify Dangote forcing Nigerians to buy pms from him at a price set by him. I'm sure you know Nigeria has relied on imported pms for decades now. Just that Dangote built a refinery doesn't mean the heavens should fall. The market should be open to multiple operators. Let the consumers decide whose product they want to buy - whether it is low quality imported ones or Dangote's which you say is of the highest quality. Let the market decide. But Dangote wants it rigged to favor him only.

sulaak:
I, as a Nigerian, have standard, low-grade PMS that is destroying my environment and my car; I have a right to have regulated standards, just like the Europeans.

The consumer does not have a laboratory to check the quality of imported fuel, which pollutes the environment and destroys my car. Please use some common sense.

Nigeria's oil and gas regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), lacks a laboratory to test for substandard petroleum products.

Dangote PMS is E10 and E5 standard, equivalent to European standard, let the importers meet that standard and you will see the cost of imported fuel will be two time Dangote locally produce fuel, Nigeria needs more Dangote's

You seem to be changing the topic which isn't always a good look. But if Nigerians want to spend their money on low grade pms, that's their prerogative. That's for them to decide. Deregulation means all actors are welcome in an open market. Let the consumers decide for themselves whose product meets their expectations at the level of price and quality. The problem with Dangote is that he wants to control choice for Nigerians through the suppression of competition. I'm saying that's wrong and shouldn't be allowed to happen. There's nothing special about Dangote pms. Period!

sulaak:
Deregulating your energy market doesn't mean you should open the market to regulated imports. European countries that have regulated that dirty fuel in Europe cannot be consumed. The regulated standard of fuel consumption in Europe is E10 and E5. Europe has banned the purchase of dirty fuel

Nigerian crude Brent is of the highest grade and, as such, very expensive.($77 per barrel) So, making a profit from buying and refining it alone is nearly impossible. As such, other lower-graded crude that are cheaper are blended (mixed) with it, thus reducing the average cost. That's one aspect of it.

Then there's the Ukrainian-Russian war aspect. Crude from Russia is sanctioned (another form of regulation) and, as such, has been sold under the table at a very cheap rate. To escape sanctions, refineries buy this cheap Russian crude at a very cheap rate and then mix(blend) it with other crude, thus masking the source of the crude.

There's actually something called the free market, though it could be imperfect sometimes. In the petroleum sector the Nigerian government claims to be pursuing a policy that frees market forces. It's called deregulation. Dangote wants it reversed so he can gain an advantage for his refinery at the expense of market competition. He wants importation banned so he's the sole operator in this market like for cement where his virtual monopoly means Nigerians must pay the price he dictates. If Dangote wants to be an effective actor in this industry, it's either he does it at the level of price or at the level of quality. He's interested in none of these which is why he's campaigning to be allowed virtual monopoly.

sulaak:
There is nothing called free market. What is Nigeria's government policy?

A country develops its competitive edge and competes to win.

In 2000, Obasanjo sold most of the cement industry to Dangote and the entire steel industry to the Indians. The Indians used Nigerian steel industries to dump their low-quality steel in Nigeria to the point that the government had to pay an Indian businessman $500 million to free Ajaokuta.

The Dangote turned cement industry is one of Nigeria's success stories; today, Dangote share of the cement industry has fallen from %90 to less than 45% as of today.

The Nigerian government should embark on an industrial policy to transform Nigeria into a petrochemical superpower by selling the four local refineries to Indigenous oil companies like Seplat Petroleum Development Company Plc: Aiteo Eastern Exploration Oando Plc:Shoreline Natural Resources Limited, let them compete with Dangote.

It's either we're operating a free market or we're not. Dangote doesn't have standing to dictate government policy or how a free market should operate. Him trying to force Nigerians to buy his product at a much higher rate than for imported products undermines free market principles. Nigerians should have as many options as possible about where and how to spend their money. If the government wants to change policy course, it should not be just for Dangote's petrol only. It should apply to every product in Nigeria that has imported components. By the way, I'm not sure you understand how a free market works. Bye.

sulaak:
So, you want Nigeria to continue exchanging Naira for dollars and importing PMS annually? You now see why Nigeria is a failed state. These people think like you. The government should make the above corporations competitors, just as BUA Group and Lafarge up the stake and compete with Dangote in the cement business.

This is Singapore; they haven't got a single drop of oil and gas but import raw crude oil and export petrochemicals, refined oil, fertiliser, methanol, and other chemicals. Singapore earns over $100 billion annually and has become a first-world country due to the industrialisation of its raw materials.


https://www.youtube.com/watch?v=p65fHn98M8Y&t=269s

He's targeting importation specifically. Which means he doesn't see these paper tiger corporations you've mentioned as any type of competent competition.

sulaak:
Where is the monopoly.....

NNPC - 450,000 Refinery capacity per day
BUA Group - 200,000 P/D
Modular Refineries - 150k, refinery capacity per day

It doesn't matter who your mother is. If you venture into China today, they'll use you to mop the floor!

Suicideboy:
You wish

My mom's Chinese bro


Go and hit your empty coconut head

I just don't get this. Does it mean the sole reason Dangote built this refinery is so he becomes a monopoly and only dealer in refined petrol in Nigeria? This is ridiculous. One can't be this shameless. It means those Nigerians who shouted when Obasanjo almost sold one of the government-owned refineries to him had a strong reason to do so. Any business that is afraid to compete in an open market is unethical and unfit for purpose.

My comment wasn't for self-hating, self-loathing people like you. To appreciate what's going on here, you must operate at an elevated level of understanding. I hope you won't be back soon whining and moaning when the racists/white supremacists who have promoted Badenoch as a token gesture bring out their swords and start asking for blood.

sulaak:
Is Nigeria not trash? What has she said about Nigeria that is not true? Don't you read the news of insecurity, the government locking up children on the charge of treason?

Kemi doesn't want Nigeria values (tribalism, corruption, religion madness, ignorant ) to pollute Western values

Do these know anything about this Badenoch lady at all? She may be black and have a Nigerian first name, but that doesn't mean she has any affinity with Nigeria or the black race. In fact, her ability to thrash Nigeria and the black race generally is what has propelled her to this position.

I hope you have your meds by your bedside. Heart attack loading.

dominique:
These are the people claiming to be liberals



Vance is more articulate, intelligent and coherent than that humpty dumpty Kampala that's can't make an ounce of sense to save her life. Any statement she makes outside a prepared speech is filled with incoherent gibberish that will make you question your understanding of basic English. It's obvious she's going to be a puppet in the hands of the democrat cabals just like Biden has been. Their administration brought about a crumbling economy, loss of jobs, highest rate of inflation in decades and increase in crime rates due to the immigration crisis they caused. You Africans want them so as to get easy visas to their country. Put yourself in the shoes of an average American for once, would you be happy if there's an uncontrollable influx of migrants into your country threatening your safety and means of livelihood?

If you're Igbo and sympathetic to Donald Trump, you're not just delusional, you're also a disgrace.

OPICANTO2223:
Why is afunjarians afraid of Trump

The question should be answered in reverse. Why is it that poor folks can't find any women to carry?

What in the world do these people think they're doing? Existing Universities don't have the funds to run them. The government is flat broke. How is setting up new institutions like this one the answer?

Hunger na bastard!

Good, except that there's no such office as Mayor of Canada. This is the Mayor of Brampton, a city near Toronto

I guess garbage understands garbage more than anyone else.

Where are all the Trumpists on Nairaland who've been screaming that Trump will win in a landslide because of their various shades of hatred and bigotry? They've all gone quiet because this story illustrates how Trump and his minions intend to make the so-called landslide happen.

They should all just shut the bleep up! Where were they when the lazy, incompetent, bigoted Buhari destroyed Nigeria?

Audio arrest. Where's the video or photo? When is he being paraded in handcuffs before the media as is always the case with vulnerable, poor, and voiceless Nigerians?

"The party announced the formation of a disciplinary Committee..."

LOL!

Isn't there the saying in Nigeria that if you want an issue to die a natural death, set up a Committee?

New or refurbished, all Tinubu has ever used the jet for since it was bought is to go look after his health in England and France. Does he really need a jet for this?

This isn't normal. I pray you get the help you need today as fast as you can.

MeNmyfamily:
Trump is leading in major polls. I like how the left is bewildered, despite all the noise about their candidate
The McDonald's stunt was actually a net positive.

Give it two years maximum and it will revert to what it was before renovation.

Bobrisky's godfather is still hard at work. I suspect the said godfather works in government. Imagine if he spent all this energy on his actual government job rather than on protecting Bobrisky?

I commented on an earlier story today where the EFCC charged a woman to court for forgery, impersonation, and obtaining money under false pretences. Is this not work for the police? So, there's the EFCC, police, Anti-Corruption Commission, and Civil Defense all basically doing the same jobs - if they're doing any jobs at all. They should dissolve all but one of them.

I agree with Agbakoba. This so called EFCC is supposed to save us all from corruption and economic crimes. But it has now basically taken over the role of the police. Who needs the police when there's the EFCC and vice versa. This is why the country is BROKE. Too many agencies standing in each other's way and duplicating roles.

Even after blaming the PDP, that still doesn't answer the question of where these judges have been living all these years, including the PDP years. Where have they been living before now? That's a simple enough question. If you read a different story today also on this topic where Wike is justifying building these houses, he suggests they are post-retirement homes for these judges. This means new quarters would still be built in future after retired judges become permanent owners of the ones being built today. Can you see how deluded you sound now trying to defend this?

ppogba:
Why not blame. PDP. that ruled. for 16 years but could not deem it fit to build a comfortable judges quarters? Perhaps, if they had done maybe Wike, would be building something else by now.

This damage control move failed from the get go. Everyone heard Bobrisky in his own voice say his Godfather made sure he didn't spend a day inside Kirikiri. Who do you believe? Bobrisky who had no incentive to lie because he was sure his story was private and safe or this panel that was set up just to clean up an inconvenient mess?

I recall that Babangida fled to Abuja in 1991 or so. Where have judges been living all this while? Even in this era of senseless economic hardship, these loafers still find ways to fritter away the little they have left.

None of the documents Adejobi is talking about was given free. They were all paid for both in official charges and bribes. So, they were not given by Nigeria. They were bought from Nigeria mostly because there aren't any other alternatives. Many Nigerians, if given the opportunity, would hastily discard their Nigerian "documents".

He's abroad receiving medical treatment while in another news Abike Dabiri Erewa is telling Nigerians abroad struggling to fend for their families to return in order to build a better Nigeria. Irony is dead!