ufotunang:
Let the refinery start to work na...we are tired of hearing of dangote refinery everyday

lumidee2580:


And they put the Nigerians with more qualification under slavery to secondary school expatriate

helinues:
Ever since Ghana detected the oil discovery in their country, their electricity has not been stable again

jaxxy:
I’m yet to see the benefits of dangote refinery to Nigerians talkless of threat to Ghanaians. Nigerian businessmen and systems seems to work against the people than for the people because if greed and selfishness.

Which is a shame.

Dapinski:


Is something wrong with you? Did we rub shoulder with anyone or is it that it is others complaining like babies while we stay in our lana, in our land, and chase solutions to our socio-economic problems?

When America was innovatively developing the Shale revolution, did they give a toss about the effect on the economy of others

Some of you are such worthless self-haters you would even insult your own nation when she has done nothing wrong.

winterfell007:


She has done everything wrong and deserves all the insults and more she’s getting. We are happy about a refinery (a dirty technology) as the saviour of Nigeria’s economy. I can relate with the forex it might save for us, but all in all, it’s a dirty investment in this period of energy transition

Reflect7:


What a load of rubbish. You have no idea what's going in that place. You have no idea what the price of fuel will be. And this is about more than the price of fuel.

Are you even aware there's a 2.5 billion dollar fertilizer plant there?

Do you know what it means for Nigeria in terms of savings, to stop importing refined petrol, become self-sufficient in petroleum products, and to turn net exporter of same?

Do you know the impact of that on ancillary local businesses and industries here?

Do you know the Dangote plant employs 40,000 Nigerians, from engineers to IT and security staff?

I just don't know how some of you guys reason.

jaxxy:


U are just hyping which is fine bt we are yet to see real benefits to the economy as it stands. Dangote is already saying his refinery isn’t for Nigeria alone or Nigerias oil and we may still have subsidy issues only this time it will go totally into dangotes pockets. Everything is still uncertain.

Yes he’s creating 40,000 jobs allegedly bt the refinery has to reflect in our pump prices or else it’s like robbing Peter to pay paul.

winterfell007:


She has done everything wrong and deserves all the insults and more she’s getting. We are happy about a refinery (a dirty technology) as the saviour of Nigeria’s economy. I can relate with the forex it might save for us, but all in all, it’s a dirty investment in this period of energy transition

jaxxy:
I’m yet to see the benefits of dangote refinery to Nigerians talkless of threat to Ghanaians. Nigerian businessmen and systems seems to work against the people than for the people because if greed and selfishness.

Which is a shame.

jaxxy:


U are just hyping which is fine bt we are yet to see real benefits to the economy as it stands. Dangote is already saying his refinery isn’t for Nigeria alone or Nigerias oil and we may still have subsidy issues only this time it will go totally into dangotes pockets. Everything is still uncertain.

Yes he’s creating 40,000 jobs allegedly bt the refinery has to reflect in our pump prices or else it’s like robbing Peter to pay paul.

tolue42:


You may not see the benefits because most Nigerians are just bunch of illiterates....that's the plain truth.

1, Dangote will sell raw materials(which they mostly get abroad before ) to local companies.
Giving local companies lives.

2, Dangote will sell finished products to Nigerians (no 250billion naira per month on subsidy by government to importers again).
Cutting dollars spending abroad to import finished products by marketers.

3, There's power plants inside the refinery, the whole of South west can be powered with electricity from that refinery (Dangote selling Electricity)

4.Dangote will export finished products , bringing Forex (hard currencies) back to Nigeria.
The more you have foregn currencies in your country, the more your local currency will be growing .....
Have you ever wonder why most middle East countries currencies are higher than dollars , pounds, Euros etc? It's because they have those foregn currencies in serculation even more than their local currency.

So the bottom line is, Naira will be growing and that will translate to our economy growing ...

Those are just little of what the Refinery will bring to Nigeria. It will change things positively forever!

Acidosis:


Same here but do we actually deserve that man, given the level of criticism and insults he gets daily for investing his money in Africa rather than buying up estates in Dubai and the U.S. like his mates do?

Dangote is certainly one of the world's biggest industrialists. I would even love to see him launch a University of industrial education. In the age where everyone believes that money cannot be made outside of Tech, his consistency year after year has validated the need for more of his kind.

People like Dangote understood the fact that we can't match global forces when it comes to, for example, space exploration and high-tech. Why run to space to compete with people who have been there for decades when we can simply leverage our resources (oil, limestone, agriculture) and achieve a good comparative advantage? That's the Dangote mindset and I wish he would explore other abandoned sectors like steel

NGpatriot:


The 40,000 Nigerians currently employed benefits every month when they collect their paycheck, pay their rent, pay school fees and put food on the table, but such benefits are hard for you to see from your hateful, bitter and illiterate vantage point..

CSTRR:
BTW, this is the same Ghana that for years have carried out policies to attract businesses away from Nigeria.

They would steal Nigeria's lunch if they can.

How dangote refinery affects them should be none of our concern.

jaxxy:




All ur point are not accurate and u know it. U can only bamboozle illiterates. Stop peddling lies.,

Did dangote tell u he willl be dealing in naira or dollars for crude?? I’m talking about the refinery’s effect on the major by products not the negligible ones which the price drops if any will be hardly noticeable on the economy.

I’m not sure the dollar is up because of importation of lesser by products and raw materials. It might make construction less expensive bt it might not even be noticeable.

Until we know what the pump price will be we are still beating about the bush.

I don’t know about the power plant bt will he be selling power cheaper than what obtainable is the question if not it’s only to his benefit this hype is about. U can see the uncertainties urself.

klas:


The bolded part is an uninformed view of how subsidy works which is common among the so-called educated Nigerians.

Sellers don't benefit from subsidy. It is the final consumption that is being subsidised.

If you are spare parts seller and you already computed the selling price of your goods based on landing cost and projected profit. If a customer walks in but can only afford to pay 60% of your price, what will you do? You will turn him away for sure. What if a good samaritian offer to pay you the balance of the 40% on behalf of the poor customer? Have you benefited beyond what you would have gained if you sell to another customer that is able to afford your price? Sure no. The samaritian has only subsidised the customer, not you.

Same with refineries. Currently, fuel marketers pay the foreign refineries fully before lifting products to Nigeria, the headache of subsidy is between the marketers, consumers and Nigerian government, not that of refineries.

jaxxy:


Seems Ure confused. Subsidy benefits the sellers cos it’s their profits being paid to them bt government due to the reduced price they are selling to us. Without subsidy they will be at loss.

We benefit also having to pay less for fuel.

Bt now dangote refinery is here and he still wants to deal in dollars and international rates the fuel price will be exactly thesame without subsidy and will yet again require subsidy or we pay higher rates like it will be if subsidy is removed 2day.

Unless dangote is a dealing in naira and local rates like an NNPC refinery then we can have some hope of cheaper fuel and a better economy.

Abdulmumin412:
God bless Dangote

Starlight252:
Leave nepotism and corruption out now...

The whole world knows Nigeria is the giant of Africa...Our growth reflects the growth of the African Continent.
They view us as a threat that's why we became riddled with myriads of problems to stall our growth...

The youth who should be the leaders of tommorrow have been tucked into a life of unproductivity...

To the remaining sensible ones reading this, make sure your everyday steps contributes to the development of humanity.
It doesn't matter if the absolute majority are doing it wrong and getting away with it, take your steps to make a positive difference to your environment -immediate or general.

My2kobos

tolue42:


Another angle is, alot of fraud are being perpetrated between the government officials and the marketers. Declaring inflated figures of import products in collaboration with corrupt officials. The funniest part is most of the goods are being transported to neighboring countries (subsidized by NIGERIA ooo). Cameroon had to shut down their refinery because of cheap products coming from us

Coldie:
Whites have been doing it all these while una no complain fellow black and African decides to do it then it becomes a threat. These people self

jaxxy:


Seems Ure confused. Subsidy benefits the sellers cos it’s their profits being paid to them bt government due to the reduced price they are selling to us. Without subsidy they will be at loss.

We benefit also having to pay less for fuel.

Bt now dangote refinery is here and he still wants to deal in dollars and international rates the fuel price will be exactly thesame without subsidy and will yet again require subsidy or we pay higher rates like it will be if subsidy is removed 2day.

Unless dangote is a dealing in naira and local rates like an NNPC refinery then we can have some hope of cheaper fuel and a better economy.

Acidosis:

How come no one is talking (as usual) about how Dangote is about to "monopolize" the oil sector in Ghana or Africa?

klas:


You are really confused. Even with a layman example of spare parts dealer that I gave, you still couldn't comprehend how subsidy work.

If the landing cost of petrol at the Nigerian port is N282 per litre, at that stage, the refiners had already been paid fully by the importing marketers and subsidy is not yet involved.

After clearing and adding other domestic costs and marketers profit margin, the price comes to around N340.

In the absence of subsidy, the marketers will sell directly to the consumers at that price.
In the subsidy regime, the government and the consumer split the N340 between themselves and pay the marketers. Still the marketers collect N340, no more, no less.

Subsidy benefits the consumers (who pay less than the market price while government balance up), not the marketers, talkless the refineries.

femicyrus:
Dangote refinery is not coming to make petrol sell for less than N165 .
His cement in Nigeria is the most expensive in Africa.
Nothing to be excited about for Nigerians. Ghana is just fearful over nothing

Reflect7:


What a load of rubbish. You have no idea what's going in that place. You have no idea what the price of fuel will be. And this is about more than the price of fuel.

Are you even aware there's a 2.5 billion dollar fertilizer plant there?

Do you know what it means for Nigeria in terms of savings, to stop importing refined petrol, become self-sufficient in petroleum products, and to turn net exporter of same?

Do you know the impact of that on ancillary local businesses and industries here?

Do you know the Dangote plant employs 40,000 Nigerians, from engineers to IT and security staff?

I just don't know how some of you guys reason.

OldSkoolHeadBoy:
Eleribu, has Innoson made cars that are affordable to Nigerians ?

rhythyson:


adai ete me ya da,