₦airaland Forum

Bridget95:
Your mates are working in Berling and Newyork earning hard currency and bettering their lives. All you do on nairaland is to flex ethnic muscle and masturebate over mediocrity.

Ikaeniyan0:
USA also do things like this and claim freedom of movement

JohnBullMySon:
It does not work like that. Firstly the cost of oil does not come from shipping. It does not even cost up to 500k dollars to ship 300m dollar petroleum or crude oil via tanker from Europe to Africa or USA. The price of oil is controlled mostly by OPEC. OPEC controls oil production and amount of exports, and sets the prices.

Nigeria cannot exceed the OPEC export cap because they have more capacity. OPEC does not allow it. The only thing OPEC does not control is local consumption. If Dangote buys Nigerian crude and exports most of it, he will make more money but the price of petroleum products will not reduce in Nigeria, it will rather rise. If he focuses on local the market, the prices of products in Nigeria will fall but he will not make a lot of money. Worse still, he won't earn in USD.

The only option for Dangote refinery to be a real game changer is that, Nigeria will have to double production of oil and sell the entire OPEC quota with Dangote and other foreign refineries then fufill local demand through Dangote. But ask yourself if that is even possible. Nigeria is not even fufilling her OPEC quota.

EngrKemp:
You are not totally right..
Nnpc has a huge stake in dangote refinery n what this means is that the products will wet Nigeria market and maintain good lower prices.
Dangote refinery is getting lots of support from Nigeria government.
All materials imported for the refinery are duty free from Nigeria government.
Factor in all the billions of dollars that could v cost dangote
So the price of petrol should be around 140naira or lower in Nigeria.

The crux is for our borders to be lock tight against smuggling the products to neighboring countries

PresidentAtiku:
is his salt, cement , spaghetti cheaper than others?

Mrfixitt:
I'm not the cause of your frustration in life, am not also the cause of your family miserable life so go to your hut and have a sit. It's people like you that will vote an old ancestor like Tinubu to be your president onye ala

SmartPolician:
The US has a well-structured system that works for them. Their institutions know what they are supposed to do at all times. But in Africa, it doesn't work like that. Anyone you vote in will bring their character, behaviour or madness.

Those will shape his administration; the US system has strong checks and balances; African institutions are weak. Now, you see why you shouldn't compare the two.

Cc daygee12, BOLATINUBU01, Fearyourcreator

OdefaGirl:
This is Soo shameful.... Africans let's stop this foolishness and embrace development if not, we better keep answering black monkeys in peace. What nonsense?

jaxxy:
Political slavery. Even the Arabs won't allow an old corrupt incapacitated man to rule them.

Mrfixitt:
Africans are like animals honestly

owobokiri:
Ghanas economy is being a systematically destroyed buy the West because the Ghanaians decided to charge more for their Cocoa. That's the reason. They are being shown sheegee the same way the West messed up the Chilean economy at a point and the Zimbabwean economy under Mugabe for land reforms, unfortunately Africans don't understand the racist policy thrust of the major Western powers here because unlike during the independence era, no serious African political thinker has been able to articulate this serious problem in a very easily understandable narrative that can resonate with the population across the continent.

The West wants Africa to be nothing but a source of raw materials. They're strongly against any serious industrialization in Africa. Ghana and Cote de voir produce most of the whole Cocoa used in the whole world dirt cheap for big Western multinationals. The chocolate industry is a huge money spinning segment of the western economy that keeps countries like Switzerland making billions yearly! Switzerland make billions of dollars more from Cocoa produced in West Africa than Ghana and Cote de voir, because they're the ones that basically add value to the product. The West African countries revolted recently and asked for better payments..

The Western companies refused and Ghana decided to get some Chinese firms to help them start producing their own chocolates to rival the ones produced in the West. This way, they would have controlled the whole chain from growing the product to final production of the main chocolates! Immediately they came up with this idea, the monetary sanctions from the West started trickling in and Ghanas economy have been screaming ever since. This is how African states fail! But we are always eager to blame some local Political characters rather than confront a racist western foreign policy construct that has designated a whole continent as a slave camp!

planetx:
Even all the Western countries have dropped Covid vaccine mandates to enter, but some insignificant third world African country just all of a sudden mandated it for all travelers....

TheChameleon:
Good explanation but the skin colour part is unnecessary.

I used negro like I would have used FELLA or GUY.

I am still guarded about a monopoly. Always an opportunity to exploit the market without alternatives.

TheChameleon:
I am fiercely patriotic. I am confident of Nigeria's potentials.

But cautiously optimistic about the Dangote Refinery that so many quickly claim will be an all-fix solution. The negro is a business man first and not a philanthropist. He will think first about his bottom line before "saving" Nigeria.

Same way folks just feel subsidy removal will fix all problems not taking into cognizance other negative consequences of said removal.

QuotaSystem:
Alike Dangote’s vision is legendary. If Ghana, a foreign country, could be so optimistic of the impact of the mega-refinery on her economy, how much more Nigeria?

This is the same Ghana that some people were rating higher than Nigeria just because they rebased their currency; now the cedi is the worst performing currency on earth and they’re battling an inflation rate of 60% - almost thrice that of Nigeria.

Aliko is on course to shoot up in the Forbes List of the World’s wealthiest.

For real... this refinery could put him in the top 10 richest men on Earth soon.

On a wider note, it is a huge blessing for Nigeria, the refinery.

Serious game-changer.

We will now become self-sufficient in refined crude oil and petroleum products which we will now export to Africa and the world...

Huge deal.

It will make MANY people money in this country.

Even right now we are manufacturing and exporting fertiliser to India, Brazil, and the United States, from the 2.5 billion dollar fertiliser plant in Lekki which is part of the refinery.

First African country to manufacture and export fertilisers to the world. Normally it is them sending to us.

This is why Nigeria is the Giant of Africa, and the only way is UP.

Judolisco:
Okowa and shinning teeth... U sold ur brother because of a northerner... Kai

hisgrace090:
I doubt Dangote product to be cheap.