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Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall - Business (2) - Nairaland

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Four Failed Cbn’s Attempts To Arrest Naira Free Fall / Dangote Refinery To Import Crude Oil From The United States / Police Foil Attack On Dangote Refinery In Lagos (2) (3) (4)

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by jojo1415: 5:56am On Oct 19, 2021
A country governed by stupid people,what will u expect grin....they will be thinking like animals cry
Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by otokx(m): 5:58am On Oct 19, 2021
That refinery may not start real production till 2024.
Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Caseless: 5:58am On Oct 19, 2021
OK!

First of all, the guy complaining of how worthless oil will become in 2030 should quit the illusion he's served by the west. It will take another century for fossil fuel to phase out, that is, if it does eventually. I guess he does not know the energy crisis the world is "grappling" with right now. I don't think God has taken the value he's placed on fossil fuel away just yet. Until that happens, it will be here forever.

Again, the children of hate whose comments were highlighted in the report should quit their rage and face reality. They just hate that it's Dangote that the clueless Emefiele mentioned. How many places in the world do you have refineries owned by government?

We all know our country is bad at managing anything. If someone took the bold steps, he should be applauded because Nigerians will benefit more.

Nigeria is a nation that has leaders without vision. How do you explain our inability to even refine what we have in abundance? It's heartbreaking.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Barryseal: 5:59am On Oct 19, 2021
Nigerians should prepare to buy fuel 700 a litre just like 1kg of gas is being sold now. Dangote will be in a rush to get his capital back before the inevitable ban on combustion engine by the USA in 2030.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by whitenoiseng: 6:02am On Oct 19, 2021
its very insufficient and secondly Dangote as a business is out to make profit , giving the company monopoly to a national natural resource is absurd and questionable.
Besides can't we explore other resources ? and also try to at least catch up with latest innovations and grow with them undecided

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by mu2sa2: 6:02am On Oct 19, 2021
ceda99:
What happened to the other 4 refineries we have in this country?
Domestic terrorists aka militants have sabotaged the pipelines carrying crude to those refineries.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Commentor: 6:04am On Oct 19, 2021
Wiseandtrue:
Emiefule, is a joker

He's simply following his Buhari fulanization of Nigeria

But Nigerians will fight to the end!
Modified:

Dey try use brain before you comment, Mr commentor!


I insist, even with 10 licenses you would not be able to build 1 refinery.

Do your worst.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Fiscus105(m): 6:06am On Oct 19, 2021
Only foolish and myopic would criticize


When companies are growing and functioning economy of a state will be booming and by extension it will reduce import of certain goods and services which will also have positive effect on exchange rate of such country.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Fiscus105(m): 6:11am On Oct 19, 2021
izzy4shizzy:
Nigeria is the most backward country I have ever seen.

First, you own Refineries that don't produce a single drop of oil yet you spend millions to maintain.

Now you want to monopolize oil to one man because of your incompetence and you brag about it saving you import Fx,

They should just kukuma sell Nigeria to Dangote.


Tell ur dad to start his own refinery nah, or you think government won't give him license ni?

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by wonyi: 6:13am On Oct 19, 2021
Please how much is a dollar in black market?
Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Caseless: 6:13am On Oct 19, 2021
Commentor:


I insist, even with 10 licenses you would not be able to build 1 refinery.

Do your worst.
and the guy said his name is wiseandtrue. Wise for where...?


How many licenses were issued? And how many people even took a block to their proposed site? Nigerians must look for someone to blame for their woes.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by ofoka: 6:13am On Oct 19, 2021
Nigerians are the problem causing the fall of naira not CBN governor. How can we consume 90% imported products and services and expect CBN governor to do magic. If you are in Nigeria, look around your home and separate made in Nigeria products from the imported ones including the gadget you are using to read this and know that we are the problems. What have you produced? People are busy trading on imported goods and even services and blaming another person. Let's think inwards

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by googlepikins: 6:15am On Oct 19, 2021
Emefele is so useless.

By 2030 Crude oil prices will drop to $20 does that mean Nigeria economy will slide into recession forever?

It's now obvious our politicians think Western countries are Joking about electric cars

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Okeyc230: 6:16am On Oct 19, 2021
Assuming something goes wrong technically with Dangote's project that means, no back up plan. There was a country.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Commentor: 6:17am On Oct 19, 2021
Okeyc230:
Assuming something goes wrong technically with Dangote's project that means, no back up plan. There was a country.

You could always build yours.

There's a very large market.

You won't lose.
Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Caseless: 6:17am On Oct 19, 2021
Barryseal:
Nigerians should prepare to buy fuel 700 a litre just like 1kg of gas is being sold now. Dangote will be in a rush to get his capital back before the inevitable ban of combustion engine by the USA in 2030.

If America bans, which is unlikely by that time, the majority of our buyers are outside America, so oil stays. The war on oil is to weaken Russia. It will continue to have value for a longer time.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Caseless: 6:18am On Oct 19, 2021
Commentor:


That tranny should be rechristened DumbandFalse.
ah swear grin grin

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by GetMeRight: 6:19am On Oct 19, 2021
lordm:
Give more licences for others to build refineries.

Your statement means that you are not up to date at all because it means that you don't have an idea how many people had obtained licences to build refineries before Dangote decide to apply for the licence. None of them built anything.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Commentor: 6:20am On Oct 19, 2021
AchalugoNwa:
Mynd44 lalasticlala Seun
Rule 2

Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by lexy2014: 6:20am On Oct 19, 2021
Nigerialabalaba:
CBN just ignore dem o, no listen to dem. Na God we take beg una for CBN.

Na dem, not you or Dangote, be d enemies of progress wey dey benefit for the forex manipulation.

As dem dey so, na to siddon dey talk but behind, dem go dey do worse pass even dat useless abokiforex Olumide wey hide for UK as British citizen and con dey manipulate forex and profiting from arbitrary rates he publishes with him fellow robbers yet dem no get a single manufacturing industry here for naija.


We wey be true Nigerians sabi wetin dey and no be enemy of progress. Some of dem steal money hia go use am build refinery for overseas and con dey collect fx here to take import the petrol com Naija.
Oga CBN governor Godwin Emefiele no mind dem o!

how does all u have said justify CBN waiting for dangote to finish building refinery before it can solve d forex crisis?
Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Commentor: 6:21am On Oct 19, 2021
GetMeRight:


Your statement means that you are not up to date at all because it means that you don't have an idea how many people had obtained licences to build refineries before Dangote decide to apply for the licence. None of them built anything.

Don't mind all these kids.

I'm just laughing at their ignorance.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Eppking(m): 6:21am On Oct 19, 2021
What has CBN said that is out of place aside mentioning the date of commencement of operation?

The country got to this level because individuals (top level) who are supposed to project into the future never bothered to do that, thus the country plunged more and more into obscurity during their time.

It is wise to acknowledge the input of individuals who deliberately contribute to the development of the economy.

Dangote has proven to be a patriotic Naija man. Do you know most of the refineries abroad belonged to some ex military Generals and con Nigerians, reason why they cared less of the refineries at home?

I pray that God continues to sustain Dangote on this. I saw one his interviews where he said "I decided to venture into manufacturing after years trading (buying and selling to rake profit)." Recall before Dangote there were Eleganza, Doyin group and others that failed. Some went on to float commercial banks and still failed. We shall discuss this area later.

Something is definitely working for Dangote and I pray he lives long to benefit and enjoy the fruits of his earthly labor.

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Re: Nigerians Criticise CBN’s Reliance On Dangote Refinery To Fix Naira’s Free Fall by Caseless: 6:22am On Oct 19, 2021
Fiscus105:
Only foolish and myopic would criticize


When companies are growing and functioning economy of a state will be booming and by extension it will reduce import of certain goods and services which will also have positive effect on exchange rate of such country.
and jobs will be created for Nigerians by Nigerians. Imagine the number of jobs we've created indirectly for people outside Nigeria as we import everything. Nigerians hate growth actually.

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