₦airaland Forum

NL1960:
Nigeria is a developing country while US is a developed country. Btw, did US start by allowing everybody to be importing fuel?. I hope you know that the US owns the dollar that is being used for the import. If we can import with the Naira, why not in allowing everybody to import. Me too go join the fuel import gang with my Naira.

My Brother, Dangote refinery will not stop importation of refined products. They know that na, that is why they are proposing limiting imports to only "refinery owners". Let's not be going in circles.

My beef is why should it be only refinery owners, they even want it to be proportional to the size of d refinery output effectively putting him in charge. Why do they want to corner the whole space to themselves?

ahiboilandgas:
the should source dollars outside Nigeria and also not remit sale from Nigeria we cant afford to be converting there nair a sale to dollars to wire out to God pick call country

Dangote will also be remitting part of his returns abroad. You need regular supply of chemicals and machinery to run a refinery. Like I said before, the fact dat crude comes from Nigeria doesn't mean capital flight won't be happening.

ahiboilandgas:
from loans and grants from foreign banks and cbn with guarantees we will buy more usd from Dangote group in future that we have him ....cbn only contributed 50 bn naira .....so your importers what long term benefits outside exporting jobs and damaging our economy u plan and design the future today not tommorow

So the refinery will be run with loans and grants according to you, are these loans not going to be repaid with interests? Where will d dollar come from?

Why can u do ur thing and let others do theirs? Why don't u want the market to decide, do u have a hidden agenda?

ahiboilandgas:
they should be allowed to import but source dollars from where na ?

Where will dangote source his own dollars? Do u think that is only crude dat runs refineries?

NL1960:
Others with licenses should go and build refineries so as to prevent Dangote from being a monopolist.

No, instead let people who want to import do their thing.

NL1960:
Import with Naira or with which dollars?. You allow import with the country's dollars and create employment in another country while complaining of lack of jobs in the country thereby making people to celebrate picking of a call because they got US and Canada visa.

Even USA with d second highest number of refineries in d world imports refined petroleum products. You can check that.

Like I said before, d market will re-balance itself. If Dangote and other refineries can sell cheaper d other importers will be forced to downsize, in a situation where Dangotes sell higher dan attainable the imported will ramp up. It is a normal natural process.

NL1960:
You are doing TBs now while some others are not. When you collect your upfront interest, the same people will say Ositadima1 has been favoured by the government as if you prevented them from buying.

Did u follow my argument? Where did I say Dangote should not be allowed to build refinery or open businesses?

NL1960:
The way others were given and they refused to buold is the same way Dangote was given and he built. So if they refused to build and instead want to be importing to collect fictitious subsidy, they should not come and complain in future that there is no competition. Abi na government wen give the license go build for them?.

Allow people who only want to import do there thing and let d market decide, but no u want a monopoly. In future when you start experiencing higher prices than compative markets don't complain o.

The worst is that monopolies can gain political powers and the ability to shape society in an undemocratic way. It is already happening.

If u are extremely talented, ur most likely to make it in America than any where in d world. Fact!

If u have or know someone with great talent, America remains the best for that person.

ahiboilandgas:
even me shock ......long endless line of people depending on food stamps over 50m America

And yet, America has d highest number of billionaires, highest number of patents. Americas has been first in most things in d last century. Things like medical and technological advancements.

NL1960:
Nigerians complaining now will not go into the metalic materials sector now. If Dangote finishes with the refinery now and moves into that sector, people will now jump out and be shouting about Dangote taking over the sector. Orient petroleum was given a refinery license decades ago. After the foundation laying with so much funfair, nothing else happened. I support the Dangote proposal of 'no refinery, no license to import'. MBA collected N170B from people. Wetin him take am do?. Live flashy lifestyle. Where are all those that collected huge sum from subsidy scam?. They should use the subsidy scam money to build a 5,000 barrel refinery. The various petroleum marketing unions should form an SPV and build a refinery for their members. That is how competition is done. The space is open and big enough for every player. Enough of this continous bashing of Dangote.

I have no qualms against any one. Whatever dey do they should not allow a few individuals too much power.

ahiboilandgas:
List of refinery license holder in Nigeria outside the ever hated Dangote https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.dpr.gov.ng/wp-content/uploads/2020/05/LIST-OF-VALID-REFINERY-LICENSES-AS-AT-MAY-2020.pdf&ved=2ahUKEwiPgYrQnq3vAhVRzRoKHcnNBikQFjAAegQIAxAC&usg=AOvVaw0NukHEPszQREoUZ6b5T3L6

This is good, that is if they actually build them.

Donbrig:
You make me laugh in pidgin English.

Instead of looking inward to isolate d areas where our shortcomings are coming from we are busy shifting blame to other countries.

Did America force u to mismanage ur resources? Did they force you to borrow foolishly? Is this how u dey do ur things?

Donbrig:
You make me laugh in pidgin English. Americans are the largest shareholders in World bank, Afdb, IMF, WTO. That is why they can single handedly decide who becomes the head or president of these organizations.

What makes you think Americans were so powerful preventing Okonjo Iweala and Akinwumi Adesina from heading these organizations?

This is not correct. I agree they have a larger share but the outcomes of major decisions are subjected to votes based on voting power(Voting power is mostly based on monetary contributions). Currently, usa holds about 25% voting power in the world bank.

Besides, world bank has never forced any one to take loans.

ahiboilandgas:
u said few and not 1 .....a refinery has been completed in imo....

But we have other players nah, we have microfinance banks, we have fintechs and etc. The space is open.

ahiboilandgas:
world bank and imf control by Americans while the train we are crusing from Lagos to ibadan na China money like wise the new cargo connect to Apapa to solve traffice......America should go to hell ..we can see their impact in Nigeria....even to sell plane they are doing shakara

Wrong! World bank and IMF is certainly not controlled by america.

Donbrig:
@ahiboilandgas, thanks for educating ositadima1 on this issue. I don't really know how to argue with people, everyone is entitled to his/her own opinion, we all want the best for Nigeria.

Hahaha, u most probably don't have valid points then.

ahiboilandgas:
5 individuals and 5 bank controls the banking space and 2 firm control the beer markets ....start from there first

U said 5 and not 1

ahiboilandgas:
no true the immideate past sec of state warn African Nations on why they should not collect China development loan but providing zero alternative out imf crippling anti people loans ....they are also against Nigeria heading African development bank and wto ....they give a bleep

Are u implying that every white man is an American? Or that all the world institutions are controlled by the American government?

ahiboilandgas:
they should first pay up their Amcon debt first to balance up public funds ....capital is indebted to 120 bn Nigeria

No to monopoly, we don't want dat. We don't want a few private individuals to control our economy.

OgogoroFreak:
The foresight they used in building their country to the extent that we see being in their country as "God don pick my call".

You people make it sound like anyone was going to stop us if we truly wanted to build our country.

Lol, some people are still holding very outdated beliefs.

Yes, in the distant past the west manipulated us to limit our potentials. But, that era is long gone.

In todays world, nobody gives a Bleep if we go d path of self-development. In fact, it is beneficial to them as it will limit d huge immigration problems they currently face.

ahiboilandgas:
u internationally refuse to understand...Afraid ? Who has 12 bn usd to even compet ...no body in west africa can even raise that finance including sovereign state .....try and read
more on the BLUE OCEAN STRATEGY ......making the competition irrelevant ...

Now u are talking, that is d reason we need independent importers to balance d field.

ahiboilandgas:
just wait and gather u money and buy share in the dangote refinery plc who know if u hustle hard u might become the largest share holder in future ...aliko is 63 years already..

That he is 63 doesn't change anything, it is not about him. It is about one entity controlling our economy, not acceptable.

ahiboilandgas:
u intentional refused to understand cos it dangote.......their currently no importer since 2015 ....only NNPC it dangote vs nobody +haters

So why is dangote afraid? Why are they pursuing regulations that will allow only refinery owners import refined petroleum?

ahiboilandgas:
after p.i.b NNPC should be privatised and the 4 refinery should battle him too they have advantage of been in the business for 50 years plus 450 retail station and 2000 trucks ...like wise B.A..U ...other money bags will come on

Doesn't change d proportions, dangote will still dominate by far. Rather, let's privatise first to people not related to Dangote and maybe later p.i.b

ahiboilandgas:
oil and gas is not pure water business ...if the importer now about 30 of them.want to hike price they will do , like wise filling stations

It is not like that. It will be Dangote vs Importers, the outcome will far better than only Dangote.

ahiboilandgas:
how do u mean with over 25 ongoing refinery ( modular ) the market share will be shared .....if NNPC that is the sole importer hole price now what will u do ....how many players are importing .? They are not more than 12 now ..and they dont even import...even thing is on benin coast by vitol...

25 ongoing, but dangotes is d largest by far, he will dominate by more that 85% of d market share.

ahiboilandgas:
i said it over again u don't know the what back ward integration is ....it was used by obansanjo economic team to reach self sufficiency in local production on thing we have raw material like ....lime stone and sugar can ....buharm cement didnt follow want endless import they out and now no more cement racketing like in the 90s that u can just sell paper allocations from benue cement and become a billionaire without selling i bag of cement ....we spend over 1.3 trillion naira ( 3 bn usd) yearly to import fuel ...so in order to save the huge forex drain on our lean resources and create jobs and tax revenue and curb scarcity and smuggling this companies as a policy must use 30 percent of their profits to build refinery over a 10 year period ....by 10 year we will exit importation cos our refining capacity would be enough.....it even good to companies with long term progressive vision...not some berif case firms want to just collect subsides

Yeah, but to allow dangote to control 3bn usd is too much power for one individual. We don't want a few guys to control our economy and that is d point USA was making.

ahiboilandgas:
import fuel with which dollars ? With the raising population that is predicted to reach 400m by 2040 and 25m cars the small reserve of 35 bn dollar should be used up to create level playing field for lazy depot owner at the detriment of our kids future and stability of our weak naira ....tell u American Lord say we reject it and following Chinese pathway to development ...

Again u are not seeing the bigger picture.

It is competition that makes prices lower for everyone. If dangote and a few other refinery owners decides tomorrow to hike prices who will challenge them?

As I said before, it is best to allow others to play d game, if u sell too high nobody buys from u.

ahiboilandgas:
u have limited understanding of oil and gas and the back ward integration proposal......no body is monoplolising anything if u have money today u can build u own refinery.....19 license was issues by obansanjo in 1999 no of the company even bought land talkess of buiding a refinery ....in cement their b.u.a ,sokoto cement ,ashaka , elehapnhant cements,larfage ....in refining their a 20 ongoing refineries in Nigeria..intergrated just completed their 20k barrel....in sugar their is golden penny and co in flour is Flour mills of Nigeria,honey well ,olam and co .....

Ok, what are d benefits of limiting importation to only those with refineries?

ahiboilandgas:
Any player that is not ready to build a refinery in Nigeria no matter how small should not be giving any allocation to import .....their 5000 barrel modular refinery over 20 at different stages of completion it will create jobs ,save forex and remove the shame as the only opec memeber importing ...we can't be exporting jobs via import ...American govt should go to hell and worry more about police brutality

Ur dangote is afraid of competition at our expense.

In my opinion, other players should be allowed to import fuel and let the prices adjust based on d market, that is what a free economy is all about.

ahiboilandgas:
likewise Dangote is a business entity and want to maximise oppurntiies and create monopoly like the US govt want to monopolize 5 g tech even with treats

Stop talking about stuff u dont understand. The 5g saga is a completely different issue.