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Nairaland Forum / Nairaland / General / Politics / Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery (31084 Views)
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Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by broadman20: 9:42pm On Apr 24, 2023 |
tunwumi: Third quarter of 2025 read properly. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Reelz: 9:48pm On Apr 24, 2023 |
So this country cannot raise 4-6billion dollars to build a refinery to boost local production.. but rushed to collect loan of more than 800millions dollars. This minister of finance is the worst so far.. no tangible input, only announcement of loans always. would we ever get it right in Nigeria.. 3 Likes 1 Share |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Nobody: 9:54pm On Apr 24, 2023 |
proeast: Dangote has no business brain. Dangote is a private arm of the government 5 Likes |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Acidosis(m): 10:01pm On Apr 24, 2023 |
Anyhow they want to run the country, preserve your savings. 3 Likes |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by DesChyko: 10:48pm On Apr 24, 2023 |
1. Remote Jobs 2. Nearby jobs 3 Solar Inverter. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Nobody: 11:01pm On Apr 24, 2023 |
saysoo:did you see the single obligor limit? |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by seunayantokun(m): 2:23am On Apr 25, 2023 |
Nigeria killed by a terrorist called Buha and passed on to terrorist covert backer to fry in his oven A.K.A. Dan refinery. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by saysoo: 2:46am On Apr 25, 2023 |
franciskaine:Guy leave the debtor limit,we are talking of Dangote worth over $30b. When the refinary was about starting, he went for a consortium of banks in Nigeria for loan, they (banks) failed, the man had to seek foreign bank loans to start. 1.Tell me the total market Cap for all Nigerian banks combined. 2 Tell me any project worth over $1b sponsored by any Nigerian bank? 3. Tell me any Nigerian company worth $40b. Forget hyping,Nigeria is not a rich country. 4 Likes |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by es144000: 3:53am On Apr 25, 2023 |
Realguyman1:God bless you.The major reason for the suffering today is the refineries not working as we now spend over $10b importing fuel and other critical sectors denied forex, causing the price of imported goods to rise and the naira loosing it's value seriously,even airlines denied forex to remit the naira and causing exorbitant fares.PMB was in power for 8 years and could not solve this problem. Honestly, he is the worst president we have had when we sum up his general performance. 2 Likes |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by CharleyBright(m): 4:21am On Apr 25, 2023 |
dexmond: Your foolishness is out of this world. He would not supply the South fuel because the south is not part of Nigeria and the refined fuel is meant for the north alone abi? Am sure in your dumb head the crude dangote will be refinery will be gotten from the north. Mumu dot com. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Bfly: 4:54am On Apr 25, 2023 |
Nigeria kind of politics will finish her. I still don't understand why a whole country of about 200m people can manage her resources. It is so disheartening. Yet, these imcompetent leaders are busy fattening their pocket while subjecting the people to poverty. We want to privatise every sector and tax them with taking responsibility only for spending money. The government don't want to develop anything while they hide under the excuse of African country, third world country, probably underdeveloped country. This shouldn't be our conditioning. The reason they are investing in dangote in to get the big bulk constantly that they might simply embezzle it by engaging in substandard project they build in state capitals while neglecting the poor people in her suburbs. Subsidy removal will one hell of decision against the masses . Because whatever project will come out of its proceed will be concentrated in the city while the poor who can't afford to live there still pay for it. What the hell. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by ivolt: 6:04am On Apr 25, 2023 |
Realguyman1:You are confused. How can Nigeria suffer when a "scam" is removed? Another half-truth. Nigeria government bought a stake in Dangote's refinery. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by SalamRushdie: 6:07am On Apr 25, 2023 |
Dangote refinery has turned out to be another Ajaokuta ..That refinery is beginning to have all the trappings of a white elephant project 2 Likes |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by ivolt: 6:16am On Apr 25, 2023 |
YourNextLevel:Ignoramus. Microsoft split order was never about monopoly but anticompetitive practises. Read it up! "Monopolies" such as those held by Vanderbilt, Rockefeller and Carnegie helped to industrialize the US. Samsung is heavily supported by SK government. Tesla is being funded by the US government. No country fights its giants while developing and escaped poverty. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by dexmond: 6:32am On Apr 25, 2023 |
CharleyBright:A private business can choose the market they can sell to. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Realguyman1(m): 6:35am On Apr 25, 2023 |
ivolt:What is this one saying? Oga abeg carry ur over sabi go only ur side jarey. Everyone knows very well that the Nigeria government have been stealing massively from the Nigeria account all in the name of fuel subsidy. Is that one not a scam? Or are u part of the government officials milking this country dry? Because "clearly" there was no where in my comment I mentioned that subsidy don't exist? Ordinary small shake wey Buhari shake Nigerians everybody begin shout up and down and plenty Nigerians carry how to japa out of Nigeria as course wey them dey study for tertiary institution. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by ThatCEO: 7:11am On Apr 25, 2023 |
proeast: The exact thing that came to my mind. You would think he would have been smart enough to start small while leaving room to expand. Project wey Dem don suppose finish since 2018, if Dangote borrow money from me, I would have started seizing his assets by now. But I am not surprised about his problems, the way he stifled small businesses, that's the exact way d petroleum importation cabal will frustrate him. Shi Shi, e no go see collect from FG. Not like he will ever sell d oil cheap sef. 2 Likes |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by loswhite(m): 8:10am On Apr 25, 2023 |
tunwumi:The only person that took risk to build a refinery in Nigeria...smh. Nigerians will attack anything good. Dangote would have just built his refinery in south Africa so Nigerians can import from them...lol. The media would have not attacked him. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Kimber35: 8:20am On Apr 25, 2023 |
1stGenAmerican: Yes ...he is still the king of industries.. That single man owns for than 27 different factories across the continent..in Nigeria alone he owns up to 13 industries (some completed ,others in progress..he didnt build them all with his personal money ... Government assisted, loans were borrowed...even Elon musk didn't build his entire business empire him self ..the government assisted ..he had external financial support.. If you don't know how these industries run then rest . Dangote's largest cement plant in kogi wasn't built entirely with his money..he had Obasanjo to help him with billions in foreign exchange and he borrowed from banks.. His largest sugar plant had CBN's billions in it..so does his many different plants.. This latest cement plant had Edo state government providing support.. He will complete his refinery the same way..it is not an odd approach.. mega projects like this are hardly financed from one sorce alone |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by MarketDispatch: 8:39am On Apr 25, 2023 |
aminulive: Let me just put this here. APC said We will build one Refinery every year. 8 years after, no single Refinery by Fed Gov, Baba is begging and preparing to go with Subsidy removal. 1 Like |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Donedeal1(m): 8:48am On Apr 25, 2023 |
Shifted goal post From 2022-2025 Naija nah cruise Same way our standard gauge rail Entered voicemail. 1 Like |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by OyiboOyibo(m): 9:00am On Apr 25, 2023 |
APC and Buhari are scammers |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by updatechange(m): 9:44am On Apr 25, 2023 |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Parachoko: 10:21am On Apr 25, 2023 |
proeast:Do you guys believe some of the things you write? 😂 You better accept the fact that there will be no more subsidy on petrol from July 1st and Asiwaju will rule till 2027 and recontest again |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Parachoko: 10:38am On Apr 25, 2023 |
nairalanda1:The Government will stop paying for subsidy from July 1st. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by prophetfire: 10:54am On Apr 25, 2023 |
tunwumi:Did you read it at all? Seems they have turned the refinery to another siphoning conduit. |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by OPICANTO2223: 11:10am On Apr 25, 2023 |
This refinery will never work |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by 9jaRealist: 3:49pm On Apr 25, 2023 |
aminulive: Never knew such a collection of CRAP can be fit into one “article”…SMDH > |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by 9jaRealist: 3:58pm On Apr 25, 2023 |
prophetfire: Someone took about a minute to dismantle the bad belle “article” on SkyscraperCity… https://www.skyscrapercity.com/threads/dangote-lagos-refinery.1927698/page-24 Too many fictional ‘facts’ to deconstruct, but here are the principal ones.> |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by 9jaRealist: 4:19pm On Apr 25, 2023 |
Realguyman1: The government is NOT taking loans to fund the Dangote Refinery. The refinery is a $20 billion project, and the federal government has paid merely $1billion as part of its FORCED 20% ownership. The government (through the NNPC) effectively seized a 20% stake in ALL private refineries in Nigeria (Dangote, Waltersmith, etc.) supposedly to secure national energy supplies. To pay for the 20% stake, which the banks/underwriters valued at $2.8 billion (in other words, what the 20% would be worth in the capital market), the NNPC is paying only $1 billion in cash, and will satisfy the remainder of its obligations via crude supplies (in the future) and by not collecting on some of the distribution of profits. In effect, the NNPC is getting present-day value of $2.8 billion (which goes into its balance of accounts today) with only a commitment for future obligations. THE ENTIRE ARTICLE IS JUNK!! > |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Thomasankara(m): 4:38pm On Apr 25, 2023 |
[/color]without Nigeria,dangote is nothing[color=#770077] aminulive: |
Re: Fueling Uncertainty:investigating Nigeria's Subsidy Removal And Dangote Refinery by Thomasankara(m): 4:43pm On Apr 25, 2023 |
[/color]the matter serious[color=#770077] thatigbogirl4NL: |
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