₦airaland Forum

These ones will soon find out that even some big businessmen refuse to pay back loans ...Ask First bank

chigator2:
Where is this Dangote Refinery we heard about ?

So after collecting billions on billions from FG and CBN at padi-padi rate through the corners, we still have got nothing.
So the nation lost monetary value to please one man's ego and I'm sure he just round-tripped that money and pocketed the change.

This country is fargone, I'm sorry to say.

Expect that refinary to start functioning by next 5years oooo,

Our government can never tell u the secret bhind dt refinery

wait o, Niger get refinery ?

Winters23:
I won’t be surprised to find out Nigerian politicians are stakeholders in these foreign refineries. Buhari might even be the owner of Niger republic refinery.

TemplarLandry:
These people are evil.

I tell you. They will now shift the whole burden on us.

If you think greed is good, take a good look at this country.

Account Balance - Mohbad

pol23:
Credit is always the answer….
Make debt money kill us for Naija…
The military were busy borrowing and keeping it all to themselves…
Obasanjo Came in and start repaying the loans, just so we could have some money for development instead of just servicing loans…
I’m not sure if GEJ borrowed, I think there was oil boomed and GEJ actually saved more…
Na so Baba Buhari enter, Bad man bad mind with his set of 500 thieves… Naso the borrow begins…
Instead of us to think of main solution, na to look for temporary way out…
CBN reporting this like it’s the greatest news ever…
Bunch of dumb and wicked people.

Gej did not borrowed keh..

Go check from google..

The refiner's are the one of the bottle neck behind non functional refinery in Nigeria.They knew that they may face low patronage that is why they keep bribing those incharge to sabotage the process.
I think it's better for marketers to merge their fund to buy than than to take credit that will generate interest in future, therefore they may pay higher to offset the credit if dollars increase.

proeast:
It has become a buyer's market!
Cut throat competition amidst dwindling global demand is pushing refiners into such desperation yet Dangote is still projecting to complete his world's largest refinery by 2025 I hope by that time he won't be offering them "buy one tanker and get two tankers free"

Greed has made him not to be reasonable anymore. Someone that should have built a much smaller refinery and complete it three years ago!

I pity Nigerians that are hoping on Dangote refinery to make fuel cheaper. This man will definitely sell even higher than the global rates so he can cut down on his overhead costs and also recover his invested funds/loans ASAP

SMH.

Am with you on this,he should have built smaller refinery in three diff states or at least 2 state,Lagos due to high consumption and delta due to availability of crude oil,about him selling higher than international rate,I hope many modular ref. Will be ready before 2025 and fed govt need to privatise all our refineries

And our government are not thinking of owning one in the the nearest future......

Borrowing money and sharing crumbs to their miserable citizens in the name of palliatives while keeping the largest Chunk to themselves

This country is clearly not ready to save herself!

Petrol is cheaper in Kuwait, Saudi Arabia, Iran, Russia also check fellow African countries we can’t afford European oil at the moment.

Credit that we can’t afford to pay back.

dre11:
https://punchng.com/foreign-refiners-woo-marketers-with-credit-facilities/

Nbote:
Whixh yeye people? Are they not businessmen?? Are the ones stopping your government from having a working refinery? Where is the Dangote refinery your govt invested 25% stake in and promised Nigerians August ending is already here and you are blaming international refiners for offering credit facilities for their businesses. Did you know NNPC is still the major importer of petrol into the country

business men decrease price when demand is less not these forceful buying. I just hope our negative behaviour of not paying debt would linger on in these approach.

While speaking at the ceremony heralding the first importation by independent marketers in July, Emadeb Energy’s Chief Executive Officer, Adebowale Olujimi, said petrol importation was no longer “sustainable.”

According to him, resuscitating local refining is “the way to go”.

“Petrol importation is not a sustainable way for a country to run. PMS price rising to over N600 per litre is an indication that the dynamics of the business are a tough one. It requires huge US dollars to bring products. The way forward is for local refineries to be revived,” he said.

Nairalanda1 another one. A major importer has also dropped importation like hot potatoes.
I thought investors will run into the country and start importing massively once subsidy is removed. You can hear now that they don't have the means to import.

The bad part of this news is that if it happens, local refining is as good as gone because a Dangote refinery cannot afford to give products on credit due to the harsh environment he operates in while foreign refineries can afford to with conditions that ensure those marketers don't take products from anywhere else but them until the credit is exhausted. In other words, our downstream sector will be tied to foreign companies who will simply manipulate as they wish.

helinues:
The yeye people doing all their best not to allow the country to have local refineries

black man black mentality. will always blame white for their failure
spit

proeast:
It has become a buyer's market!
Cut throat competition amidst dwindling global demand is pushing refiners into such desperation yet Dangote is still projecting to complete his world's largest refinery by 2025 I hope by that time he won't be offering them "buy one tanker and get two tankers free"

Greed has made him not to be reasonable anymore. Someone that should have built a much smaller refinery and complete it three years ago!

I pity Nigerians that are hoping on Dangote refinery to make fuel cheaper. This man will definitely sell even higher than the global rates so he can cut down on his overhead costs and also recover his invested funds/loans ASAP

SMH.

dangote is 100% private nnpc is now a company. government dont have anything in d refinery

so get out0

This is an Understatement.

I'm extremely happy I choose to be an Anti-Natalist and Hedonist a very long time Ago.

You will be Marveled at the Amount Of "Extremely Violent Thirsty Predators" the Earth is harboring right now.

The figures will keep Increasing.

proeast:
It has become a buyer's market!
Cut throat competition amidst dwindling global demand is pushing refiners into such desperation yet Dangote is still projecting to complete his world's largest refinery by 2025 I hope by that time he won't be offering them "buy one tanker and get two tankers free"

Greed has made him not to be reasonable anymore. Someone that should have built a much smaller refinery and complete it three years ago!

I pity Nigerians that are hoping on Dangote refinery to make fuel cheaper. This man will definitely sell even higher than the global rates so he can cut down on his overhead costs and also recover his invested funds/loans ASAP

SMH.

dangote is 100% private nnpc is now a company. government dont have anything in d refinery

so get out
.

Let there be petrol I say unto thee.

International credit facilities let us breathe

Khyrvxjzy:
dangote is 100% private nnpc is now a company. government dont have anything in d refinery

so get out
.

Nobody should be replying to propaganda. Bro it's a waste of time and keyboard alphabets.

For clarity, if NNPC is a company, who owns it?

I don't know how hard it is to build a refinery. Even the local consumption in Africa will go along way. we simply have saboteurs who are not ready to let go.

tamdun:
Am with you on this,he should have built smaller refinery in three diff states or at least 2 state,Lagos due to high consumption and delta due to availability of crude oil,about him selling higher than international rate,I hope many modular ref. Will be ready before 2025 and fed govt need to privatise all our refineries

The major reason he is building world's largest refinery is to monopolize Nigeria's market. He knows if he build smaller ones, other investors will build too and he won't be able to have monopoly.

Any sector he gets involved, he monopolizes it but if he fails to monopolize, he won't survive in it.

Tomato, Noodles, Table water, Juice etc are the sectors he failed in because he couldn't monopolize them.

He has partial monopoly in cement and that's why the price keeps rising astronomically.

Unfortunately, modular refineries can't force down price when you have world's largest refinery operating in the same market. They will only follow on the price Dangote dictates.

Na so e suppose be

It will soon get to everybody apart from the POLITICAL CRIMINALS, while the ballot box snatchers and political thugs will be at the receiving end.

Benwallt:
Nobody should be replying to propaganda. Bro it's a waste of time and keyboard alphabets.

For clarity, if NNPC is a company, who owns it?

na taiwo get am

no go hustle for your life, dey fight for dangote money
nnpc is a company, even president cant change d head of nnpc because only shareholders can do dat i think u remember the drama that happen some months ago


u this poor man stop chooking dangote... una don insult president jamb judiciary now the next person na individuals

go get a life, start teaching and be collecting 5k a month

Winters23:
I won’t be surprised to find out Nigerian politicians are stakeholders in these foreign refineries. Buhari might even be the owner of Niger republic refinery.

Niger refinery is a joint venture between their government and the Chinese state oil company. Buhari owns nothing there.

koladata:
wait o, Niger get refinery ?

Yes, the 20000 bpd Soraz refinery which is fed from a local crude oil field.

( both Niger and chad are oyel producers

I think very soon their will be no option left than to refine locally we are getting there

Khyrvxjzy:
na taiwo get am

no go hustle for your life, dey fight for dangote money
nnpc is a company, even president cant change d head of nnpc because only shareholders can do dat i think u remember the drama that happen some months ago


u this poor man stop chooking dangote... una don insult president jamb judiciary now the next person na individuals

go get a life, start teaching and be collecting 5k a month

Can you read?
Can you comprehend?
Do you think?
Are you human or a zoo animal?

Everything you typed here has nothing to do with the text you quoted. As in this is zero reasoning

proeast:
The major reason he is building world's largest refinery is to monopolize Nigeria's market. He knows if he build smaller ones, other investors will build too and he won't be able to have monopoly.

Any sector he gets involved, he monopolizes it but if he fails to monopolize, he won't survive in it.

Tomato, Noodles, Table water, Juice etc are the sectors he failed in because he couldn't monopolize them.

He has partial monopoly in cement and that's why the price keeps rising astronomically.

Unfortunately, modular refineries can't force down price when you have world's largest refinery operating in the same market. They will only follow on the price Dangote dictates.

If Dangote ref. Sell at higher price,then the marketers will rather import....

dont take debts....its a trap again....
this european moroons will never change....always thinkin up ways to cheat you 24/7....

if they desperatly need market for refined crude,they should refine in nigeria....

stop sellin only raw materials,you dont earn much....
and they know that themselves....!!

basstards....!!