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The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsThe Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money (420 Views)

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The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by akingangan(op): 10:33am On Jun 05, 2023
Not saying the removal of the Subsidy is a bad thing but for Dangote and his friends to make money they have to sell at an international rate.

As of today fuel per litre prices are as follows:

UK: ₦1425
US: ₦845
Germany: ₦1524

Tinubu and co are likely big investors.


Nigerian government paid fuel Subsidy for years to their corrupt friends to scheme off Nigerians and now that they have built the refinery they remove the Subsidy and continue to live large in unimaginable useless, meaningless, and unproductive wealth.

They have really taken Nigerians for a ride and a revolution like Sowore as always proposed might be the only way to redemption.

Not only must these thieves vomit what they have stolen from Nigerians, those that should be locked up should be locked up and those that should be banished should be banished to the mercy of countries that can give them Ekweremadu kind of justice.
Re: The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by Nvestor02: 10:47am On Jun 05, 2023
Rubbish!!

You know nothing bro, go and sit down.
Re: The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by solmusdesigns: 11:16am On Jun 05, 2023
Dangote Invested $3billion USD and borrowed additional $6billion from local banks which is the masses savings deposit

Don't you think it's fair he makes profit

Do you know why Dangote picked Ibeju Lekki and not Niger Delta?! because he wants to run an international refinery and not a local one

Dangote asked FG to sell our moribund refinery PDP said No
Re: The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by akingangan(op): 11:20am On Jun 05, 2023
solmusdesigns:
Dangote Invested $3billion USD and borrowed additional $6billion from local banks which is the masses savings deposit

Don't you think it's fair he makes profit
Knowing the monopoly he enjoyed making all that money
He should figure out a way to give back to the Nigerian people
Re: The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by solmusdesigns: 11:29am On Jun 05, 2023
akingangan:
Knowing the monopoly he enjoyed making all that money
He should figure out a way to give back to the Nigerian people
First let's get things very clear Dangote Group has no monopoly

Dangote Cement has competition like Larfarge and BUA

Dangote Sugar has BUA group, imported brand like ST Lou's cube sugar

Dangote noddles failed completely because of Indomie

His refinery, Nigerian Government gave out 40 Refinery lisence and gave them all free access to forex, they can even import petrol


Now with that settled

Dangote's option of giving back...

. NNPLC owns 20% stake in the refinery

. Dangote Refinery is ready to accept Naira for product sold there by giving Nigeria $20billion anual dollars savings

.He once offered Crude oil swap deal.. we supply him 300bpd and get it refined free of charge while he keeps some products
Re: The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by Jennie002: 11:36am On Jun 05, 2023
Did you just hear Yourself?
Re: The Real Reason Subsidy Was Removed Is So Dangote And Friends Can Make Money by thisisit: 11:40am On Jun 05, 2023
DANGOTE IS THE WORLD BIGGEST MONOPOLIST. DANGOTE IS THE BIGGEST MONEY LAUNDERING MACHINE IN AFRICA ... READY TO CRUSH ANY FREE MARKET ENTERPRISE OR GOVERNMENT

ASK IBETO CEMENT, GEJ, & KOGI GOVT.. WHAT DANGOTE DID TO THEM.

IN FACT DANGOTE IS NOW THE DEFACTO NNPC & MINISTRY OF PETROLEUM WITH CAPACITY TO EFFECT REGIME CHANGE IN ANY SUB-SAHARA AFRICAN COUNTRY INCLUDING THE ZOO WHERE IT IS EASIER TO RULE COW THAN NIGERIANS.

DANGOTE CEMENT IS CHEAPER IM GHANA THAN IN NIGERIA.

BUHARI & TINUBU ARE SO SCARED OF LOSING THEIR EQUITY IN DANGOTE, HENCE THEY AGREED TO COMMISSION THE DANGOTE REFINERY THAT IS NOT COMPLETED JUST TO PAVE WAY FOR THE MONOPOLISTIC PRICE THAT WOULD BE UNVEILED WHEN THE REFINERY STARTS.

BUT BE ASSURED THAT ALL OF THESE HAS BEEN NUMBERED, WEIGHED AND DIVIDED.. ..JUST WATCH.
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