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Nairaland Forum / Nairaland / General / Business / Our Refinery Will Supply First Product To Market By July, Says Dangote (25723 Views)
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Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by safarilove(m): 3:23pm On May 22, 2023 |
Nice one Baba Olowo |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by garfield1: 3:23pm On May 22, 2023 |
SalamRushdie: Atiku might be president on friday |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Blackdisciple(m): 3:24pm On May 22, 2023 |
Omoh this man don make money for life |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by nairalanda1(m): 3:24pm On May 22, 2023 |
CyracksMrBlogger: Dangote has to pay his debts, pay for maintenance and upgrades, pay local and federal taxes, and also pay staff the kind of salaries that would prevent them from japa. At the end, he cannot do that by selling PMS at N200 or less. NNPC is not going to sell him crude at cheap prices. About the only thing Dangote refinery does is remove the cost of importing fuel. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by propsvilla1: 3:24pm On May 22, 2023 |
Ok |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Ezmans: 3:25pm On May 22, 2023 |
FIRDAUS3:how does it smile nice for nigeria where all government refineries are all down only a private refinery will be supplying products to all citizens |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by IkeIgboNiile(m): 3:25pm On May 22, 2023 |
Nice one but my question is, what does it mean to ordinary Nigerians like me? |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by nairalanda1(m): 3:26pm On May 22, 2023 |
kelvindj98: The only way more refineries...modular or otherwise, will come on line is when subsidy goes completely, and fuel is sold at market price. Otherwise, it would not make economic sense to refine crude oil domestically. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by CodeTemplar: 3:26pm On May 22, 2023 |
N500 a litre or N250 a litre? The koko that is. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Ezmans: 3:27pm On May 22, 2023 |
abhosts:so that it will be credited to pmb |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by patriotic007: 3:28pm On May 22, 2023 |
At least now Nigerians see something physical to vent their anger on whenever petrol prices go higher than normal......So Dangote should better be care not to allow this satanic Government use him as a tool to inflict more suffering on Nigerians. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Kukutenla: 3:29pm On May 22, 2023 |
CyracksMrBlogger:Crap Is that why Dangote cement is expensive |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by id4sho(m): 3:29pm On May 22, 2023 |
Nazgul:Crude oil will be sold to dangote at international price. The price difference won't be that much 1 Like 1 Share |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Themandator: 3:30pm On May 22, 2023 |
AntiChristian: This refinery is not ready for ooetaarion .... Go and write it down .... Work will go on well beyond July....... I was already calculating the savings in foreign exchange and this man just turn am to salt for my mouth |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by nairalanda1(m): 3:31pm On May 22, 2023 |
patriotic007: Oga, if you were a businessman, would you sell your product at half the cost it took to make it to help poor people.? Dangote has to pay debt, suppliers, his workers , and he has to pay for the crude. All that costs money....and all that would be reflected in the price of petrol. Subsidising fuel for 50 years... is why we don't have working refineries.(though NNPC is now repairing all of them). 1 Like 1 Share |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by patriotic007: 3:31pm On May 22, 2023 |
nairalanda1:The cost of importing fuel is the major reason fuel is expensive hence the subsidy payment.....so I was told sha o |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by nairalanda1(m): 3:34pm On May 22, 2023 |
Nazgul: Subsidy is what government pays to keep the price of fuel low. It covers transport of fuel, the cost of producing fuel, and so forth. The only thing that we would not be paying for is the import cost of fuel. Otherwise, the cost of refining fuel, the cost of transporting that fuel to end users...plus the debt Dangote incurred in building the refinery...we still have to pay for that. And no, having government subsidise fuel again means that government would waste money...because all the costs I have mentioned do not remain static. They rise and rise. Things sadly cost money. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by denzel231: 3:35pm On May 22, 2023 |
HacheNoire:I will not give kudos to dangote,he can't thrive in a level business playground, na monopolist. ..lastly,make we dey depend on one man now lol, I laf |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Bahamas95(m): 3:35pm On May 22, 2023 |
Dangote get luck sha, I just dey imagine where INNOSON for dey now assuming na northerner. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by patriotic007: 3:35pm On May 22, 2023 |
nairalanda1:I was told crude oil is not the reason fuel is expensive that it's the cost of transporting it into Nigeria that makes it expensive......No matter don dey use style change oh ......If fuel will be more expensive with domestic refinaries then I guess Nigerian government where right all this while for not having a working refinary in the country and opting to import fuel instead...... Anyway what do I know |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by denzel231: 3:35pm On May 22, 2023 |
HacheNoire:nothing concern me, don't hide from d truth |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by nairalanda1(m): 3:36pm On May 22, 2023 |
patriotic007: No, it also covers transport within the country, and the cost of refining the fuel (which government tried to keep low by refining our crude in substandard refineries abroad. Many other African countries did the same). Dangote has to pay his debts, pay for maintenance, pay for refining costs, and pay workers good and high salaries. All that adds up. Then there are transport costs which are separate. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Nazgul: 3:36pm On May 22, 2023 |
id4sho:But there won't be need for importation fee, vessel demurrage fee, security fee, vessel charter fee...etc. Which independent marketers usually use to hold the government on their blokos, hence the subsidy payment, the crude would be refined right here in Nigeria and distributed to consumers. This means that there should be a visible reduction in the prices of refined petroleum products. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by ogascomax: 3:37pm On May 22, 2023 |
SalamRushdie: I said similar thing that isn't going to work for the next few months but some people here think that we hate development. I have lived long in Nigeria to understand how things work and to predict governance. 1 Like |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by HacheNoire: 3:37pm On May 22, 2023 |
denzel231: What truth? And what does the supposed truth change? NOTHING! |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Cassandraloius: 3:38pm On May 22, 2023 |
I wanna be like you sir! You're too much! Congratulations to you! |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by SalamRushdie: 3:39pm On May 22, 2023 |
garfield1: He won't , we don't deceive ourselves here |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by patriotic007: 3:39pm On May 22, 2023 |
nairalanda1:Are you saying we will buy fuel more expensive now that Dangote has a domestic refinary? |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Smartguyboy(m): 3:39pm On May 22, 2023 |
Who knows how much fuel price will be then ? |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by nairalanda1(m): 3:40pm On May 22, 2023 |
patriotic007: Crude is expensive. Especially when prices rise. Also, refining it into varied products is expensive as well. Espeically since it also produces waste as a byproduct...which impacts on costs. Finally, we have no working refineries (although I was reliably informed that NNPC is repairing all its refineries)...because subsidy means that refineries do not make enough of a profit to work sustainably. It's like you are baking bread at N1000 a loaf, and selling it at N1500 a loaf, but then government comes in and tells you to sell that bread at N500 a loaf and pays you a subsidy of N500 per loaf sold....which works until your production costs go up to N1500 a loaf, which means you have to sell at least at N1600 a loaf to recoup costs...but government still insitits you sell at N500, and still pays you N500 to cover a N1000 loss. The above is what we have been doing to our refineries. |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by Smartguyboy(m): 3:40pm On May 22, 2023 |
Cassandraloius:He doesn’t waste his time on nairaland |
Re: Our Refinery Will Supply First Product To Market By July, Says Dangote by SalamRushdie: 3:40pm On May 22, 2023 |
Kokadomfreedom: Trust me Buhari put pressure on him |
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