₦airaland Forum

Ramsak1:
Brosss, which equity you dy talk about.
Lol..you sef won talk too

ogododo:
Obaseki modular refinery for Benin never produced one jar of oil, we dey talk of Dangote wey dey never lay pipes finish.

Spidermon:
I think this is a lie.

Why the emphasis on the point that Mr Dangoteis reluctant to sell shares??

If the share value is inflated and NNPC as usual handles their board position with levity as expected, it might actually not be in Nigeria's interest sef...

BTW, wasn't CBN instrumental in providing funding for the construction??

crackhaus:
Funny stuff...

They're really just interested in the profits. They won't be directly involved in the daily running of the refinery.

OmoManU:
They've already started, how on earth would 20% stake cost $19 billion while the cost of building the whole refinery is $22 billion

A305:
I understand this is capitalism but Dangote is GREEDY.

He is yet to understand that; A capitalist in the capitalist economy can NEVER be too RICH than the government of that economy.

Wealth is another term for power and the amount of wealth in your possession determines the amount of power you have, but you can NEVER be POWERFUL than the government in the state. The government of the state is so powerful that; it can take her citizen life at will and no one can do anything about it otherwise, you will persecuted for treason against the government and locked away or even killed. Let's get back to capitalism:

You cannot be too rich or powerful than the government. A case scenario was John D. Rockefeller.

Rockefeller was richer than the U.S government (not the today's Bill Gates and Zuckerburg money but long and strong oil money). The U.S. government realising how powerful Rockefeller was becoming due to his money now had to force him to break up and split his company (standard oil) to different companies (Shell, Total, Chevron etc), and these companies will be owned by share holders.

This is the same thing the Nigeria government (NNPC) is trying to broker with Dangote but GREED is not making him think clear or he is clearly ignorant of history. Or probably want to be powerful than the Nigeria government.

michoim:
Nonsense, why will he be happy. Reaping where you didn't sow...NNPC want to come and scatter Dangote refinery and make it moribund like their own

ogododo:
Obaseki modular refinery for Benin never produced one jar of oil, we dey talk of Dangote wey dey never lay pipes finish.

OmoManU:
They've already started, how on earth would 20% stake cost $19 billion while the cost of building the whole refinery is $22 billion

Babinski:
You are thinking along my lines. Everything in Nigeria seems to be powered by fraud. All the talk of Dangote doesn't want them to buy 20% stake at US$19 billion is just psychology and hogwash!

How has a US$12 billion to US$15 billion refinery investment become valued at US$95 billion overnight without having refined a single drop of oil? Even when the oil market is facing the doldrums and uncertain future in the face of alternative energy sources and the rise of electric cars? Haba. Nigerians are masters at fraud.

https://www.nsenergybusiness.com/projects/dangote-refinery-lagos/

descarado:
Cos they invested heavily on the project.

Dangote is standing tall thanks to successive govts.

He should play wisely.

They are not afraid to tear him up like they did so many before him.

OmoManU:
They've already started, how on earth would 20% stake cost $19 billion while the cost of building the whole refinery is $22 billion

OmoManU:
They've already started, how on earth would 20% stake cost $19 billion while the cost of building the whole refinery is $22 billion

crackhaus:
Are you certain of that?

If they truly invested in the project, they wouldn't need to be proposing to 'buy/asking' for a stake in it, because such an investment would naturally have come with an inclusion clause for the federal government ab initio.

Unless what you meant by invested is not financial investment, but the various waivers and tax cuts they've been offering the Dangote Group as a whole over the years.

Babinski:
You are thinking along my lines. Everything in Nigeria seems to be powered by fraud. All the talk of Dangote doesn't want them to buy 20% stake at US$19 billion is just psychology and hogwash!

How has a US$12 billion to US$15 billion refinery investment become valued at US$95 billion overnight without having refined a single drop of oil? Even when the oil market is facing the doldrums and uncertain future in the face of alternative energy sources and the rise of electric cars? Haba. Nigerians are masters at fraud.

https://www.nsenergybusiness.com/projects/dangote-refinery-lagos/

A305:
I understand this is capitalism but Dangote is GREEDY.

He is yet to understand that; A capitalist in the capitalist economy can NEVER be too RICH than the government of that economy.

Wealth is another term for power and the amount of wealth in your possession determines the amount of power you have, but you can NEVER be POWERFUL than the government in the state. The government of the state is so powerful that; it can take her citizen life at will and no one can do anything about it otherwise, you will persecuted for treason against the government and locked away or even killed. Let's get back to capitalism:

You cannot be too rich or powerful than the government. A case scenario was John D. Rockefeller.

Rockefeller was richer than the U.S government (not the today's Bill Gates and Zuckerburg money but long and strong oil money). The U.S. government realising how powerful Rockefeller was becoming due to his money now had to force him to break up and split his company (standard oil) to different companies (Shell, Total, Chevron etc), and these companies will be owned by share holders.

This is the same thing the Nigeria government (NNPC) is trying to broker with Dangote but GREED is not making him think clear or he is clearly ignorant of history. Or probably want to be powerful than the Nigeria government.