₦airaland Forum

The truth is that Dangote has enjoyed too much government help.... I doubt he would still be doing so well if not for that.

Make obi cubana and him friends come build refinery now him think say na by club?

Nigerian government would not allow this project go down

Dangote, Rabiu, Otedola, Adenuga all na scam

They corrupt govt officials with bribes and change state policy to suit them exclusively

post=103784962:
Anything to move our darling nation forward is what we are after.

God bless Dangote, AKA A.D!
God bless all good, sane, honest and hardworking Nigerians.
God bless Nigeria.

I'm certain you did not read the article.

mbahdi:
Dangote d mvp of nigeria.a good man with a devil's heart

U just described a typical business man.

Rahkman:
Make obi cubana and him friends come build refinery now him think say na by club?

His money would be like coins when you try to use what he has to fund this multi billion dollars project

kponkedenge:
The truth is that Dangote has enjoyed too much government help.... I doubt he would still be doing so well if not for that.

Instead of this project to go down, Nigerian government would rather take it over and buy the debt.

Dangote belongs to All Government in power

jerrybone:
https://investorsreel.com/dangote-refinery-bailing-out-the-unbailable-funding-or-bailout/

How is it humanly possible to cram so much IGNORANCE into one article?
Mr. Bako must be the sort of “seasoned economists” that have been in charge of the hapless Nigerian economy.

First, the NNPC is planning to take 20% in SIX private refineries, not just Dangote’s…
See this Reuters article: https://www.reuters.com/article/nigeria-refinery-equity-idAFL2N2NI1QL’

Nonetheless, as already discussed here on Nairaland, Dangote is NOT HAPPY with the proposed acquisition…
See the following thread: https://www.nairaland.com/6626446/mele-kyari-refinery-dangote-not

Meanwhile, Dangote Refinery BOUGHT (not gifted) forex from the CBN forex window…
At the OFFICIAL rate that it’s sold to ALL companies in the real sector (not to mention for school fees, travel, health tourism, etc.).

The obtuse drivel about costing and delays merely amplifies this dude’s cluelessness. No other refinery project elsewhere involves reclaiming land bigger than Victoria Island and building a virtual port, because Apapa cannot handle the equipment for this project. Furthermore, dude seems clueless that Covid disrupted value-chains GLOBALLY (or does he think the equipment is manufactured in Nigeria) and consequently delayed most (if not ALL) large-scale infrastructure projects around the world.

Finally, debt to build a refinery would be long-term…
Therefore, it is SILLY to peddle beer-parlor rumors about banks already calling in their loans.

So many Nigerians love to attack success while celebrating mediocrity and failure…
Whether it is due to primordial ethnic sentiments, envy or just darn right IGNORANCE, it’s a succinct self-indictment!
>

mbahdi:
Dangote d mvp of nigeria.a good man with a devil's heart

So a man can be different from his heart Are you kidney me

Different between them and them..

Politicians and Nigerian govt built that refinery.
Dangote isn't an astute business man.

We will hear lots of news about that refinery as time goes on.

Meanwhile orient refinery in imo is almost complete and nobody heard pim. No hype except releasing statement when necessary.
Nobody see the man for asorock.


Dangote, singlehandedly made billionaire by Nigerian government. They can unmade him but north always protect their own.
A lesson South is yet to learn

MEGAWATCH:
Ajokuta steel unsuccessful,
Dangote refinery going the same way,
What will ever work in Nigeria?

Herdsmen killing and bokoharam attacks added with Military killing of unarmed protesters

I just knew it!

What a huge mistake!!

davodyguy:
Instead of this project to go down, Nigerian government would rather take it over and buy the debt.

Dangote belongs to All Government in power

Are FG refineries not moribund today

Hmm.
Dangote started what he can't finish

Dangote has been hiding under that stuff to siphon FXto other businesses all over Africa.

Siwisheswereesh:
Are FG refineries not moribund today

This is a private project, that may consume the entire Dangote Industry.

All his estimated worth in cash and assets can't even finance this project.

Seniorwriter:
Reading....

After reading no need for comment !!!

In another news We need young visionary leadership.

@Seniorwriter

You can be what you seek.
Why do men always want to be led?

MEGAWATCH:
I'm certain you did not read the article.

You’re right. He just wants to “belong”

its good its in SW

sweetkev:
Monopolist Guru

Define monopoly please and briefly explain how Dangote happens to be one. Y`all just be shouting monopoly but cant even explain.

I doubt the Nigerian government can raise $4 billion in loans to invest in an overprice oil refinery. If outside investors are shunning the Dangote refinery project then there must be some serious problems.

VALUATION

A project that started as a 9billion dollars project is now being valued at over 16 billion dollars, albeit incorrectly. Sampling expert opinion from leading players in the oil & Gas industry, it is estimated that a refinery of that size should ideally cost within the range of 11 to 12 billion dollars to build in Nigeria. Notwithstanding the conflicting figures, it was recently announced that the Nigerian National Petroleum Corporation, NNPC, will be taking a 20% stake in the uncompleted, non-functional Dangote Refinery at the cost of 3.8billion dollars. Whilst this baffled many, NNPC’s actions effectively over-valued the yet to be completed refinery to 19billion dollars.

Did you read the write up at all

post=103784962:
Anything to move our darling nation forward is what we are after.

God bless Dangote, AKA A.D!
God bless all good, sane, honest and hardworking Nigerians.
God bless Nigeria.

davodyguy:
This is a private project, that may consume the entire Dangote Industry.

All his estimated worth in cash and assets can't even finance this project.

Sure!

I am sure if Dangote can go back in time he would never touch the idea of a refinery with a 'one-mile' pole...

Now he is stuck!! If Buhari can't save him, is it a southerner that will

I just knew something was not right with the many operation resumption postponements.

What a bad business risk to take!!!

Darkblood:
Did you read the write up at all

That one is a hustler... a nuisance cum loooonatic!

Siwisheswereesh:
Sure!

I am sure if Dangote can go back in time he would never touch the idea of a refinery with a 'one-mile' pole...

Now he is stuck!! If Buhari can't save him, is it a southerner that will

I just knew something was not right with the many operation resumption postponements.

What a bad business risk to take!!!

Dangote knows little about Oil and Gas, but his domineering mentality and take it all led him into this.

He failed with the Noodles line, wanted to experiment with Arsenal acquisition, now this project is almost dying.

He took a big gamble on this one

Goldenboy224:

If Nigeria breaks (Biafra, Oduduwa, Ijaw and Arewa).
You will truly know that dangote is just a political tool.

Even if oduduwa ..niaja delta country leave Nigeria as an ipob I will never allow ipob break from Nigeria so that kannu or president will now borrow 40trillion to buy a diamond cofin to bury his ex wife chidima.umagine wat will become of us.we will just eat each other...

damosade:
That place is a city on its own. Was there yesterday .

From what you saw yesterday, is it possible to complete it next year?