nnamdi640:
By the time the prices of good and services skyrocket in few weeks to come as a result of subsidy remover then you will know that many Nigerians won't be able to endure the suffering again. There are way this subsidy can be removed without hurting many people. If they can borrow money to built locomotive railway and buy locomotive trains, then what stop them from making our refineries works. They borrowed billions of dollars just to construct railway to republic of Niger but are not interested in making the refineries works and you are here defending rubbish.

And Dangote is the reason for that?

Does it sound valid to you of I day Bezos is responsible for the rising inflation in the US?

Make sense please!

nnamdi640:
This has nothing to do with Ipob, am just telling you the fact. You can support him as long as you want but the fact still remains that his action is wrong.

Whose action is wrong? Spell out the name!


I am certain you don’t know what’s playing out. Your analysis are born out of beer parlor judgements.

renderme:

Who asked u to celebrate the government? Reading comprehension.

Governments have no business handling business. Yaradua should have never reversed the sale of the 3 public refineries obasanjo sold. Obasanjo made the right decision - that was good governance. And if you want to compete enter the industry. Nobody is stopping anybody. Just because u don’t have the capacity to does not mean dangote should not venture into the business. Grow up.

Government cannot handle business..lies that lazy private business owners feeds the ignorance/gullible Nigerians.

1) Ras Lanouf Refinery (Libya)
2) Sidi Kacem Refinery (Morocco)
3) Alexandria Refinery (Egypt)
4) Durban SAPREF Refinery (South Africa)
5) Mostorod Refinery (Egypt)
6) Mostorod Refinery
7) Zawia Refinery (Libya)
9) The Zawia refinery

These are some profitably Government owns refinaries in Africa.......go to Switzerland, Qatar, Kuwait, Canada, UK, Chile, china, UAE etc.......where there is public transit system, public portable water system, low scheme housing system, national carriers, mining operations, musium, parks, phonebooths etc.

If government cannot run business, then what is Governance ?

HacheNoire:


And Dangote is the reason for that?

Does it sound valid to you of I day Bezos is responsible for the rising inflation in the US?

Make sense please!

That is your business with Bezos and will be corrected soon by US government unlike Nigeria where things continue to become worst and the government continue adding to the problem. Again, I don't have any thing against Dangote, inshort, we need such people to make the system work, all am saying is that why can't our refineries work if truly they really want subsidy to die a natural death

N3TRAL:



Prices of Petroleum products are governed by OPEC. As a member state of OPEC , for instance, an oil company in Nigeria should not be selling lower than Saudi Aramco in Saudi Arabia.

The oil prices are fixed by OPEC. They're international. If a barrel of crude oil is 10$, Dangote won't be buying it from Nigeria at $5. He'll be buying it at 10$. When we bring the factors of comparative advantage and the economies of scale, the cost of production in Nigeria should ordinarily be higher.

Dangote's refinery is projected to export its output to African countries and he cannot sell to them below the international prices. The refinery cannot also sell to Nigeria at a lower price because Nigerian smugglers will benefit from such arbitrage system which could see neighboring countries get more supplies than Nigeria as neighboring countries would be getting cheaper fuel from a Nigerian refinery than anywhere else in the world through the backdoor.

If the price from Dangote refinery changes from the price of imported fuel, it would be because of logistic and transportation reasons. Like elimination of the cost of shipping which would mean not more than 30 to 50 naira difference. Dangote's refinery is to improve our balance of payment as a country and prevent a balance of payment deficit but not to make fuel cheaper through another form of subsidy.

---

The NLC chairman is empty and his opinion is not without prejudice.

Price of crude is different from price of petroleum products......
OPEC regulate crude production not the price of petroleum products........... don't be arrogant in ignorance.

zedegit:


Tell that to Tinubu. Imposing an illiterate as president has consequences.


I thought people learnt that with Buhari.

majority votes....remember....??
tell us when you dont like democracy no more....

Mehn I like the idea of conversion to LNG. But Dangote and co will fight it.

plaindealer:
Partisan NLC leader frolicking and camping with Peter Obi, even in LP's Aso Ebi uniform.


We know all about this script and where it came from..

ehen....na the same guy....??
what the hell his he doing parcipatin in a political rally....

nnamdi640:
This has nothing to do with Ipob, am just telling you the fact. You can support him as long as you want but the fact still remains that his action is wrong.

when you guys are tired of democracy,let us know....

kazyhm:


Government cannot handle business..lies that lazy private business owners feeds the ignorance/gullible Nigerians.

1) Ras Lanouf Refinery (Libya)
2) Sidi Kacem Refinery (Morocco)
3) Alexandria Refinery (Egypt)
4) Durban SAPREF Refinery (South Africa)
5) Mostorod Refinery (Egypt)
6) Mostorod Refinery
7) Zawia Refinery (Libya)
9) The Zawia refinery

These are some profitably Government owns refinaries in Africa.......go to Switzerland, Qatar, Kuwait, Canada, UK, Chile, china etc.......where there is public transit system, public portable water system, low scheme housing system, national carriers, mining operations, musium, parks etc.

If government cannot run business, then what is Governance ?

he means as long its not igbo,then its not good....

fergie001:

https://www.youtube.com/watch?v=k1Y8BYReoas

The Joe argument is flawed. Is there a law that says we must buy from Dangote? Nigeria can continue to import finished product (pms) like that are doing now. Dangote only refinery in Nigeria in which he can sell his end product to other Nations. Joe should appreciate him for creating jobs. Also nothing stops the govt from making use of her own refinery. Unfortunately he's biased, he's a known obidient. Reason people like him should have been neutral.

tsdarkside:


when you guys are tired of democracy,let us know....

Lol, we shall see who will get tired first

tsdarkside:


majority votes....remember....??
tell us when you dont like democracy no more....

Keep deceiving yourself.

If not that Mamud decided to consider his stomach,
why wouldn't he have used Bvas?

A 1000naira?. You choose to be pessimistic but we know and trust that dangote is a patriotic Nigerian and has demonstrated this consistently but you Ajaero we know are in cohort with those hoping to destabilise Nigeria because they did not win an election.

25kg cement in the UK is £7.49 so we know we are not being robbed.

We believe that PMS will come down to 400 to 500 due to transportation differential.

fergie001:

https://www.youtube.com/watch?v=k1Y8BYReoas

nnamdi640:
Lol, we shall see who will get tired first

it seems you igbos are already tired....

you are complainin about something that politicians said should be ended over and over again for years....
somebody comes and ends it,you start blabbin about its wrong....

you are only foolin yourselves....
i start to think that guy sayin something about igbos on this forum,that igbos have a agenda is actualy tellin something most nigerians dont know about you igbos....

[quote author=zedegit post=123579154]


Keep deceiving yourself.

If not that Mamud decided to consider his stomach,
why wouldn't he have used Bvas?[/quote

what are you talkin about....??

gabbytabby:
You choose to be pessimistic but we know and trust that dangote is a patriotic Nigerian and has demonstrated this consistently but you Ajaero we know are in cohort with those hoping to destabilise Nigeria because they did not win an election.

25kg cement in the UK is £7.49 so we know we are not being robbed.

We believe that PMS will come down to 400 to 500 due to transportation differential.

What a hypocrisy. People that villified Jonathan when fuel was #97 per litre are now okay with #400.

FreeStuffsNG:
You will soon calm down when reality of the division in NLC hits you.

we shall see!

Ezmans:
go and check where you reside how many cement stores have bua & lafarge cement

Dangote doz Alot of Promo every year just to encourage dere stores owner and get more people to become destributor from sharing Chairs, Umbrella and Table share gen, share cars how many av doz without Monopoly share and also do to encourage people....

Bua Cement doesn't have Monopoly right why's the Cement now costly than Dangote cement with Monopoly....


At least other cemetent without Monopoly are suppose to be cheaper for us to buy...

Or you people think fuel is something u can just wake up nd start selling at any high price u like when there are bench mark from the international market....

jmoore:

Chinese government owns and operate more than 38 refineries in China.
If your government can't run a business, then they can't run a government too.

Your corrupt politicians sold you a lie that government can't run a business. China that is doing it, do they have extra brains in their heads?

That is d excuse u get this people keeps on defending d govt and i find it very useless,the Nigerian govt is so corrupt that the possibility of them maintaining a refinary is Dead on Arrival

It is a shame and no one should defend them for not being able to at least get us a functioning refinary Corruption corruption!!

It is well

tsdarkside:


it seems you igbos are already tired....

you are complainin about something that politicians said should be ended over and over again for years....
somebody comes and ends it,you start blabbin about its wrong....

you are only foolin yourselves....
i start to think that guy sayin something about igbos on this forum,that igbos have a agenda is actualy tellin something most nigerians dont know about you igbos....

We Igbos can't get tired easily, we fought a war for 3 and half years with Nigeria, you should know better that we don't give up easily, beside the people that are already tired are those in Ibadan and Ogun, the other day they were busy lifting theirselves up in filling station fighting to buy fuel

About 30 plus years ago UK sold their British Gas, British Telecom and regional electricity companies i know because I still hold the shares. They sold to individuals and corporations.

Bureaucracy and interests often mean that governments cannot successfully run businesses. Almost half the workforce in British Telecom took voluntary redundancy cos they were being paid for doing essentially nothing.

nnamdi640:
That is your business with Bezos and will be corrected soon by US government unlike Nigeria where things continue to become worst and the government continue adding to the problem. Again, I don't have any thing against Dangote, inshort, we need such people to make the system work, all am saying is that why can't our refineries work if truly they really want subsidy to die a natural death

nnamdi640:
We Igbos can't get tired easily, we fought a war for 3 and half years with Nigeria, you should know better that we don't give up easily, beside the people that are already tired are those in Ibadan and Ogun, the other day they were busy lifting theirselves up in filling station fighting to buy fuel

and....??
na only una fought a war in the history of the world....??

renderme:
This IMO state guy is just being partisan. Everyone knows BUA will also finish his refinery next year.

What are the other options this country has? Government can’t run any business. All their refineries keep swallowing money & is useless.

Subsidy is a pit that also swallows money wt no benefit for expansion. Subsidy is gone. The goal is increasing states revenue generation and providing a living minimum wage.

What do you mean by this IMO state guy?

Forget Ajero,Forget Dangote stop defending the govt,the Nigerian govt is a total failure and deceiving some people here on d issue of not able to get a functioning refinary the bottom line here is d Nigerian govt is so corrupt

Go to other countries like china and see how govt refinary re functioning,see how govt provide the essential amenities for it's citizen to enjoy if govt can't provide Al these then what is the purpose of govt

Am sure we all know d basic functions of govt in a country ask yourself have d Nigerian govt kept to those functions they re supposed to provide?

Stop stop defending the govt.......

When you have a corrupt govt nothing i repeat nothing will work

So?! These toothless bulldogs should keep quiet!
What were they looking at when the union & their greedy and incompetent members in the oil industry refused to put pressure on the Buhari government to make the Nigerian owned refineries work?!

LegendHero:
How is Dangote going to be a monopoly?

The man also spoke about Dangote cement being a monopoly. Is this man so daft? What about Lafarge, BUA, and etc? Are they also owned by Dangote?

So na the man wey dey head NLC be this? It’s obvious he dosen’t even understand what he is saying.

Aside Dangote that will soon start to function , which other factory do we have?

We hope to speak to intelligent minds but alas all we see demonstrated is ignorance. You have expectations that price will be static for 12 years. I rest my case.

For the record I have always supported subsidy removal because I read to understand and I understood the need for it but also believe that when people know better they should do better.

It is not a crime to change one’s mind when they get understanding.

zedegit:



What a hypocrisy. People that villified Jonathan when fuel was #97 per litre are now okay with #400.

Dotherightthing:
Rubbish!

Subsidy is gone!!

Ask for pay rise!!!

nobody is arguing that but the masses need to get a good deal or the government won't care what happens later

kingsways:
It makes no sense to say market forces will determine price when you have only one supplier in the market

especially with the levelmof support that (impending)supplier enjoyed from the govt that's suppose to a govt to everybody.