₦airaland Forum

LeonSaab:
we make it here....local consumption will come before export....and since the government owns 20% he dares not produce and prioritize export over local consumption

look at you having hope on that inflated 20%, DId you know the cost of that 20% was enough to build a whole new refinary?so the fraud began even B4 the refinery was completed.

Set to again?

Anyway we need same kind for the Electrical sector.we need a station that can generate at least 50mgw

Sir! With due respect, pls go and develop your region. Campaign for government involvement in human development in the north. Pls you have the money too. My brothers and sisters there are way way behind civilisation pls dangote

Action needed!

Easybet1:
Set to again?

You don see am naa… 😢

immortalcrown:
Flooding Africa with fuel no be wetin I wan hear.

Na de price I wan hear. Fuel is not scarce. Price is the problem.

Him don already flood Africa with Cement but how many fit buy am? So, flooding Africa with fuel no be news.

Dangote and lower prices can never be in the same sentence, that guy knows nothing about business except for underhand tactics.

Anybody expected lower prices just dey play.

LeonSaab:
we make it here....local consumption will come before export....and since the government owns 20% he dares not produce and prioritize export over local consumption

I no sure say you dey this Naija.
@bolded, you'll be surprised bro

time will tell!

emorse:
I no sure say you dey this Naija.
@bolded, you'll be surprised bro

please enlightening me since I no dey naija.....

All I know is that PMS will be sold for as low as 250 NGN before 2027

STEWpid:
Chai..



Dangote & Stake/Shareholders are about to make more money..

But it would be better for Nigerians anyway..




Dangote of Nigeria Republique!!

oga it is not better since when we learnt that the price will not reduce so it is of no use abeg

:-

JASONjnr:
This used to be a relieving kinda news until Ajuri told us that it wouldn't stop Dangote from selling petrol at expensive prices.


What's the need for having a refinery if it's refined goods will be more expensive than imported refined goods?

Why are we pumping billions to repair failed refineries when it's selling price wouldn't be any different from imported goods?

Save forex at least.

erico2k2:
look at you having hope on that inflated 20%, DId you know the cost of that 20% was enough to build a whole new refinary?so the fraud began even B4 the refinery was completed.

I'm not understanding, you mean we should have taking the money to build another refinery which won't be ready for another 5 to 7 years depending on economic situations as against investing in one that would open in a few weeks......wow....just wow......why didn't anyone think of that.....🤔

Will it change petrol price ??
but I thought Dangote refinery he was building was to help Nigeria to refine petrol at a cheaper rate now he’s selling the petrol direct and refining the petrol him sell and selling it out ( he’s making double even more than NNpc if Dangote set up a refinery

I thought they said his refinery won't product fuel

tsdarkside:
look,i deal with facts not phantasies....

remember what was happenin when fuel was still subsidies by fg....??

people smuggled it across borders to neighborin countries....
what makes you think the circle could not start all over again when fuel is cheaper here....??

cause no more subsidy.....whatever rate we buy here is what they will buy to......and anyone who wants to smuggle will factor cost of transport into it.....people smuggled cause government already paid part of the landing cost of the fuel which they could now sell to others at full price......hence giving them profits from two sides.

Treadway come Chee chumtin oooo. Soon dollar will fall to 400

LeonSaab:
I'm not understanding, you mean we should have taking the money to build another refinery which won't be ready for another 5 to 7 years depending on economic situations as against investing in one that would open in a few weeks......wow....just wow......why didn't anyone think of that.....🤔

@ the time the 20% was sold the Dangote refinery was still in block and Morta stage.
The underlining issue here is it was over prised.
You want to hear something even funnier, the Diesel it is going to produce will be Euro 5, so developed world won't buy it as they use Euro6 Diesel a silly decision on his part.

sukkot:
Treadway come Chee chumtin oooo. Soon dollar will fall to 400

'set to', 'will', 'about to'.....make we dey watch as e dey go.

erico2k2:
@ the time the 20% was sold the Dangote refinery was still in block and Morta stage.
The underlining issue here is it was over prised.

lies....that was early August 2021 ....unless you mean to tell me Dangote built the refinery in just few months? 🙄.......honestly you people need to stop reading fake news......it makes it hard to converse with you......

JASONjnr:
This used to be a relieving kinda news until Ajuri told us that it wouldn't stop Dangote from selling petrol at expensive prices.


What's the need for having a refinery if it's refined goods will be more expensive than imported refined goods?

Why are we pumping billions to repair failed refineries when it's selling price wouldn't be any different from imported goods?

Because the refined fuel we were importing was

1.Being refined in out of date refineries, which reduced the cost of refining...and which was why the fuel we were importing was basically dirty grade fuel

2. Government is subsidizing it, even now.

If supply exceeds demand, price should fall… also the monopoly must be broken as quickly as possible. I personally wish the licence was issued to BUA and not Dangote… I think Mr Rabiu is more of an humanist… Dangote is a very shrewd and notorious business man!

Treadway:
'set to', 'will', 'about to'.....make we dey watch as e dey go.

denial is a river in egypt ( the nile}

Sammy101111:
Will it change petrol price ??
but I thought Dangote refinery he was building was to help Nigeria to refine petrol and a cheaper now he’s selling the petrol direct and refining the petrol him sell and selling it out ( he’s making double even more than NNpc if Dangote set up a refinery

😂Help Nigeria to refine?

Dangote is a businessman. The lowest he can go is 700 naira.
What's stopping Nigeria government from waking up their dead refineries?
Other African countries are willing to buy his product higher.

LeonSaab:
we make it here....local consumption will come before export....and since the government owns 20% he dares not produce and prioritize export over local consumption

We make it here? Who's we? yea right! He dare not? You are ordering a man on how to run his business, is there any legal prints preventing him from priotizing export of his products?. When he dares to priotitize export you will go and arrest him, i guess. some of you people on here needs to ge out more.,

Bosman17:
If supply exceeds demand, price should fall… also the monopoly must be broken as quickly as possible. I personally wish the licence was issued to BUA and not Dangote… I think Mr Rabiu is more of an humanist… Dangote is a very shrewd and notorious business man!

BUA is building a refinery...250000 bpd.

Also, the truth is, there were over 60 licences issued. Only six got taken up (not counting BUA). The real reason why there isn't more than that is because subsidy prevented anyone from making a profit refining fuel in Nigeria: Dangote is taking a risk unless government lets him sell at market price.

tsdarkside:
bwahahahaha....

you nigerians have this strange magic drum mindset....

i find it funny....

some of them are very ignorant and stupid, that guy is deluded.

sukkot:
denial is a river in egypt ( the nile}

lol....nice wordplay.

I still dey HODL my dollar stash sha. Will be following the trends....till then.

To the folks here, make I epp una answer some of your questions. If the refinery does start, the price of fuel will largely remain same or even higher. So don't expect cheaper fuel. What you will expect as a benefit is more Forex to go round..forex that would have gone into importing fuel will now be saved, meaning more available Forex, meaning the exchange rate gets better IF the rogues y'all put in power don't mop it all up.

Please be fast about it .
Nigerians through CBN played our part.
Time for you to deliver.

LeonSaab:
lies....that was early August 2021 ....unless you mean to tell me Dangote built the refinery in just few months? 🙄.......honestly you people need to stop reading fake news......it makes it hard to converse with you......

what is fake news? cos it was announced to you then you gullible people think it was sealed then, You lot do not have a clue. This refinery was used to scam Nigerians just like PHCN and you aint got a clue still, check the xchange value he was given to buy all these from China and India BTW I would like to let you know I worked o n this project in and out from Nigeria to Germany to China up to India for years. That announcement you heard was formalities. It was sold far B4 you heard about it.Go back to google and type in when Dangote refinery was inaugurated and see what answer it gives you, I'm here waiting.

Multiplier effects on our macroeconomics would be great!

SKIBiNSKI:
some of them are very ignorant and stupid, that guy is deluded.

they are realy hilarious....