₦airaland Forum

nairalanda1:
Dangote refinery won't reduce the price of fuel at all.

The man has to pay loans, pay competitive wages so that workers do not japa, pay taxes and pay maintenance and upgrade costs.

Government thanks to years of mismanagement of which tinubu was a part of , has no money for subsidies

Mumu somebody ...u are,see bed room analysis,the last Time I heard u are not FEMI GBAJABIAMILA,who is tinubu COS ,chief of staff to b privy to his long term policies ...just dey play oga e just start

See them...simple and smart.

This is huge and great for Nigeria but I believe this project has put huge pressure on $$ while common Nigeria has felt d heat ..dangote should be pay Nigeria back well

Putindbutt:
I want to see how this reduce the price of petrol... Dangote refinery will not reduce fuel price at all... bla bla bla!. Is something wrong with you people, why must you always be negative over everything, after previously condemning the refinery and calling it a scam, you also never belived it would produce a litre of fuel until 2025, all your evil wishes have backfired. Why can't you people rest and pray to God to bring happiness into your life, bitter souls.

You are being disgracefully stvpid! Emotions and comments cannot stop someone who genuinely wants to succeed.

If Dangote had started refining crude oil the day Buhari commissioned the refinery, nobody would be coming up with negative comments on the refinery.

Emotions, comments and wishes don't get things done; Commitment, hard work and political will do.

Your slave masters and usurpers are congratulating themselves.

Baba Dangote


https://www.youtube.com/watch?v=pd_4PefV9VM

QuotaSystem:
Aside from the 650,000 barrels per day it will refine, Dangote’s Petrochemical Plant will also produce 1 million and 3 million metric tones of Polypropylene and Urea Fertilizer respectively for our consumption and export.

BUA’s Akwa Ibom refinery when completed will further drive competition in the downstream oil industry which will benefit the consumers through pricing and availability. Aliko Dangote is truly an industrial collosus, a true African giant.
Patriotic Nigerians are proud of you 🇳🇬
modified:
What is not certain, is the extent to which Dangote’s refinery will reduce petrol prices in Nigeria.
What is certain however, is that the laws of economics dictate that a reduced cost of production is likely to reflect in reduced prices.
Our present pump prices are not dictated solely by the international price of crude, but by the landing cost of imported PMS. The components of this landing cost includes product cost, traders and insurance margin, shipping, charges by government agencies, financing & banking charges and storage charges.
You will agree that the elimination of shipping and govt port charges, and a possible reduced product cost in exchange for discounted supply terms or tax incentives, will definitely result in a lower total cost of production and consequently, lower prices at the pump. Some might say Dangote needs to repay loans, pay good wages, pay taxes, maintenance etc. but news flash! The foreign refineries we are currenty importing from also have these overhead costs embedded in their product prices.
Furthermore, with the eventual completion of Abdulsamad Rabiu's 250k bpd BUA refinery in Akwa Ibom, and the Waltersmith 10k bpd modular refinery in Imo among others; we are looking at a combined total capacity of nearly 1m bpd supply of refined petroleum (compared to our current 427.7k bpd/68 million litres daily imported petrol consumption), and the resultant boost in supply is expected to further drive down prices over time. My humble two cents.

Well done and well said!
A good analysis to the doubting Thomases!
Everything in life, have Process and Procedures,'not just happened ' .
Even Price reduction have their own routes,so by the time Dangote is on, other Nigerian Refineries becomes FUNCTIONAL,with New Modulars being Operatives,Nigeria will surely becomes Investors designation,Provided:
1- NNPC - Structures becomes Flexible like the ARAMCO OF Saudi Arabia - the most Profitable Oil-Entity in the World today!
2.- DISCOS- Off and On - epileptic Power Supply- will turned to Constant Lights,so that Corruption in these Entities ( NNPC and DISCOS) can fizzled out!
3.Govt Industrial Development Growth- both-Federal and States,can Create Jobs in Millions for the Youths- there wouldn't be Japa- as stability will return to the Youths Future.
Congratulations Alhaji Dangote!

Ikinternational:
Apparently he ought to be congratulating the Nigerian Government.

The cover is blown. All Nigerians now know the man get plenty government support

That is news because

God1000:
Congrats to him, it's truly a gigantic project.

A lot of Nigerians will be emplolyed

And Nigeria will be great, food will be cheap, transportation prices will be less and a dollar will be 100naira

QuotaSystem:
Aside from the 650,000 barrels per day it will refine, Dangote’s Petrochemical Plant will also produce 1 million and 3 million metric tones of Polypropylene and Urea Fertilizer respectively for our consumption and export.

BUA’s Akwa Ibom refinery when completed will further drive competition in the downstream oil industry which will benefit the consumers through pricing and availability. Aliko Dangote is truly an industrial collosus, a true African giant.

Patriotic Nigerians are proud of you 🇳🇬

modified:


What is not certain, is the extent to which Dangote’s refinery will reduce petrol prices in Nigeria.

What is certain however, is that the laws of economics dictate that a reduced cost of production is likely to reflect in reduced prices.

Our present pump prices are not dictated solely by the international price of crude, but by the landing cost of imported PMS. The components of this landing cost includes product cost, traders and insurance margin, shipping, charges by government agencies, financing & banking charges and storage charges.

You will agree that the elimination of shipping and govt port charges, and a possible reduced product cost in exchange for discounted supply terms or tax incentives, will definitely result in a lower total cost of production and consequently, lower prices at the pump. Some might say Dangote needs to repay loans, pay good wages, pay taxes, maintenance etc. but news flash! The foreign refineries we are currenty importing from also have these overhead costs embedded in their product prices.

Furthermore, with the eventual completion of Abdulsamad Rabiu's 250k bpd BUA refinery in Akwa Ibom, and the Waltersmith 10k bpd modular refinery in Imo among others; we are looking at a combined total capacity of nearly 1m bpd supply of refined petroleum (compared to our current 427.7k bpd/68 million litres daily imported petrol consumption), and the resultant boost in supply is expected to further drive down prices over time.

Other benefits of the refinery include:
Over 100,000 jobs created
Saving Forex spent daily on importation (reducing demand pressure on USD)
Adequate local supply of PMS, AGO, DPK & Jet A1 fuels
Increase in FG Revenue from earnings from dividends (20% investment in refinery), taxes and other levies.
Creation of allied industries and appreciation in real estate value around the refinery.
Nigeria sheds the embarrassing label and disgraceful paradox of being a major crude oil producer that still imports its fuel. My humble two cents.

You think those idiots are interested in all your explanations?

Nevertheless it’s good you schooled them, but will they still be reasonable? We both no the answer.

Go Bless Dangote
My Own Takeaway Is The Ability To Produce Enough Fertilizer And Other Bye Products Wow Industrial Revolution 5.0 Has Started
Ajaokuta Steel Mill Loading....

Xkonzult:
Mumu somebody ...u are,see bed room analysis,the last Time I heard u are not FEMI GBAJABIAMILA,who is tinubu COS ,chief of staff to b privy to his long term policies ...just dey play oga e just start

If you were a baker and it cost you N1000 to bake one loaf of bread, would you sell that bread for N200?

That is what you want Dangote to do?

Funnily, someone who thinks that Tinubu is evil calls me a APC supporter for saying the same thing that you are calling me mumu for.

This shows me Nigerians just want N40 fuel, without any thought for how much it costs to make that fuel.

Anyway, thanks for calling me a mumu. Enjoy your wise government.

Naija2023:
The price of fuel will not drop. Wake up from your delusion . Crude oil is priced on international price. Dangote refinery was a major investment in dollars with alot of foreign staffs, foreign bank loans and foreign investors.

It can only reduce the price by 50 naira per litre maximum which is the cost per litre in transporting PMS from Europe and Asia to Nigeria.

However, since there is already some subsidy in the current PMS at 600 to 700 naira, dangote refinery won't reduce the price by 1 naira. it will only reduce the cost of give subsidy by about 50 naira .

You didn't understand putindbutt comment. He was mocking the sore losers

I thought Dangote Refinery was commissioned by Buhari before he made his miserable and shameful exit.

Look at d way big men congratulate each other. Share ideas with each other.
But those 10million rich people form enemies against each other. They will only try to frustrate each other.
To be rich is good. No be the kind witch rich wey we dey see.
God bless me not just with money but people with like minds who know that if I succeed in one aspect they have the space to succeed in other sphere too.

Naija2023:
The price of fuel will not drop. Wake up from your delusion . Crude oil is priced on international price. Dangote refinery was a major investment in dollars with alot of foreign staffs, foreign bank loans and foreign investors.

It can only reduce the price by 50 naira per litre maximum which is the cost per litre in transporting PMS from Europe and Asia to Nigeria.

However, since there is already some subsidy in the current PMS at 600 to 700 naira, dangote refinery won't reduce the price by 1 naira. it will only reduce the cost of give subsidy by about 50 naira .

Thank you for your common sense post.

Though the way I see it, that subsidy is an albatross around the neck of that refinery. It has to go, otherwise, the refinery would become like other refineries in the past here.

Nigerians need to learn that there is nothing like cheap stuffs.

The congrats loud from baba otedola.... Baba you and your padi na role model to emulate jare... We naija youths double salute u. We are already building the empire to be like you. Thank you for the motivations.

Refinery wey Buhari don "commission"
over 8 months ago❓❓


Anything wey Buhari touch must die
natural death.


As him touch Nigeria, see wetin Nigeria
become.


He touched Anthony Joshua Belt, since
then, Joshua don become nonentity for
boxing, sotay boxer of lighter boxing weight
division come collect him belt. Just like say
Commissioner come challenge governor
come win governor for election.


Buhari, Tufiakwa❗️❗️⚰️😕😕😕

Rilwayne001:
You think those idiots are interested in all your explanations?

Nevertheless it’s good you schooled them, but will they still be reasonable? We both no the answer.

It’s just for the record. The disinformation is loud.

Iwo
Jaaa

DARLINGTON869:
Omo! And I was planning on selling my land at ibeju lekki. Be like sey I go change my mind and watch how it appreciates in the next ten years

QuotaSystem:
Aside from the 650,000 barrels per day it will refine, Dangote’s Petrochemical Plant will also produce 1 million and 3 million metric tones of Polypropylene and Urea Fertilizer respectively for our consumption and export.

BUA’s Akwa Ibom refinery when completed will further drive competition in the downstream oil industry which will benefit the consumers through pricing and availability. Aliko Dangote is truly an industrial collosus, a true African giant.

Patriotic Nigerians are proud of you 🇳🇬

modified:


What is not certain, is the extent to which Dangote’s refinery will reduce petrol prices in Nigeria.

What is certain however, is that the laws of economics dictate that a reduced cost of production is likely to reflect in reduced prices.

Our present pump prices are not dictated solely by the international price of crude, but by the landing cost of imported PMS. The components of this landing cost includes product cost, traders and insurance margin, shipping, charges by government agencies, financing & banking charges and storage charges.

You will agree that the elimination of shipping and govt port charges, and a possible reduced product cost in exchange for discounted supply terms or tax incentives, will definitely result in a lower total cost of production and consequently, lower prices at the pump. Some might say Dangote needs to repay loans, pay good wages, pay taxes, maintenance etc. but news flash! The foreign refineries we are currenty importing from also have these overhead costs embedded in their product prices.

Furthermore, with the eventual completion of Abdulsamad Rabiu's 250k bpd BUA refinery in Akwa Ibom, and the Waltersmith 10k bpd modular refinery in Imo among others; we are looking at a combined total capacity of nearly 1m bpd supply of refined petroleum (compared to our current 427.7k bpd/68 million litres daily imported petrol consumption), and the resultant boost in supply is expected to further drive down prices over time.

Other benefits of the refinery include:
- Over 100,000 jobs created
- Saved Forex spent daily on importation (reducing demand pressure on USD)
- Adequate local supply of PMS, AGO, DPK & Jet A1 fuels.
- Increased competition in deregulated downstream sector in favor of Nigerians.
- Increase in FG Revenue from earnings from dividends (20% investment in refinery), taxes and other levies.
- Creation of allied industries and appreciation in real estate value around the refinery.
-Nigeria sheds the embarrassing label and internationally acclaimed, disgraceful paradox of being a major crude oil producer that still imports its fuel. My humble two cents.

After all this long story, if pump price no go down, weting you go tok den?

I'm pretty sure you heard that the NNPCL GMD told legislators that refineries are not built to reduce cost of fuel!

Imagine!

How will anyone explain that petroleum refined overseas, bought with FOREX, shipped with FOREX and not subsidised by FG anymore will be the same price as Nigerian crude refined locally?

It seems impossible to explain, right? Well, guess what? They will try to explain.

nairalanda1:
Dangote refinery won't reduce the price of fuel at all.

The man has to pay loans, pay competitive wages so that workers do not japa, pay taxes and pay maintenance and upgrade costs.

Government thanks to years of mismanagement of which tinubu was a part of , has no money for subsidies

Let those that want to Japa do so, it will provide opportunities for others. What he should just do is to have a training institute where he can train fresh graduates for a year, and they will sign a bond to remain with his organization for minimum of 5 years before they can leave.

QuotaSystem:
Aside from the 650,000 barrels per day it will refine, Dangote’s Petrochemical Plant will also produce 1 million and 3 million metric tones of Polypropylene and Urea Fertilizer respectively for our consumption and export.

BUA’s Akwa Ibom refinery when completed will further drive competition in the downstream oil industry which will benefit the consumers through pricing and availability. Aliko Dangote is truly an industrial collosus, a true African giant.

Patriotic Nigerians are proud of you 🇳🇬

modified:


What is not certain, is the extent to which Dangote’s refinery will reduce petrol prices in Nigeria.

What is certain however, is that the laws of economics dictate that a reduced cost of production is likely to reflect in reduced prices.

Our present pump prices are not dictated solely by the international price of crude, but by the landing cost of imported PMS. The components of this landing cost includes product cost, traders and insurance margin, shipping, charges by government agencies, financing & banking charges and storage charges.

You will agree that the elimination of shipping and govt port charges, and a possible reduced product cost in exchange for discounted supply terms or tax incentives, will definitely result in a lower total cost of production and consequently, lower prices at the pump. Some might say Dangote needs to repay loans, pay good wages, pay taxes, maintenance etc. but news flash! The foreign refineries we are currenty importing from also have these overhead costs embedded in their product prices.

Furthermore, with the eventual completion of Abdulsamad Rabiu's 250k bpd BUA refinery in Akwa Ibom, and the Waltersmith 10k bpd modular refinery in Imo among others; we are looking at a combined total capacity of nearly 1m bpd supply of refined petroleum (compared to our current 427.7k bpd/68 million litres daily imported petrol consumption), and the resultant boost in supply is expected to further drive down prices over time.

Other benefits of the refinery include:
- Over 100,000 jobs created
- Saved Forex spent daily on importation (reducing demand pressure on USD)
- Adequate local supply of PMS, AGO, DPK & Jet A1 fuels.
- Increased competition in deregulated downstream sector in favor of Nigerians.
- Increase in FG Revenue from earnings from dividends (20% investment in refinery), taxes and other levies.
- Creation of allied industries and appreciation in real estate value around the refinery.
-Nigeria sheds the embarrassing label and internationally acclaimed, disgraceful paradox of being a major crude oil producer that still imports its fuel. My humble two cents.

You tried with dis your incisive comments

Economics teacher no fit do better

Abeg wetin be euro 5

Hoelujohn:
Let those that want to Japa do so, it will provide opportunities for others. What he should just do is to have a training institute where he can train fresh graduates for a year, and they will sign a bond to remain with his organization for minimum of 5 years before they can leave.

LOL....does not work that way. Companies try to retain workers.

Dangote has to pay good salaries, otherwise even oil workers would break the bond once they see better opportunity. That's why fuel has to be sold at market price.

Jeezuzpick:
After all this long story, if pump price no go down, weting you go tok den?

I'm pretty sure you heard that the NNPCL GMD told legislators that refineries are not built to reduce cost of fuel!

Imagine!

How will anyone explain that petroleum refined overseas, bought with FOREX, shipped with FOREX and not subsidised by FG anymore will be the same price as Nigerian crude refined locally?

It seems impossible to explain, right? Well, guess what? They will try to explain.

Surely price will marginally reduce

But na Forex savings if politicians no steal it be short time benefit

soccerlite:
Surely price will marginally reduce

But na Forex savings if politicians no steal it be short time benefit

Dangote is and has always been a crony of successive governments.

Until BUA refinery is completed, I don't see any real gain for Nigerians.

Karemarealty288:
See them...simple and smart.

So you are saying they are wearing China made outfit

Lolzzzzz 🤣

Emancipate your Thinking

soccerlite:
So you are saying they are wearing China made outfit

Lolzzzzz 🤣

Emancipate your Thinking

Mumu understand the message and pass.......you should emancipate your very own thought process that China is all about fake and substandard products....ignoransia patient.

Chigboboss:
The problem of many haters is not the refinery or the benefits it will bring to the Nigerian economy, but their bitterness is that the mega project is owned by a northerner (Hausa Fulani). Even their cries about it not reducing fuel price is not sincere, and they will never acknowledge the many jobs created, energy security, Forex savings, improved product supply and the many other benefits that the refinery brings.

Instead of building their own legacy they are hating meanwhile BUA has almost completed his 250k bpd refinery in Akwa Ibom.

Give Dangote his flowers biko…💐

mumu, did Dangote make cement cheaper in Nigeria, he is capitalist, if he sees way he may increase the price more, tell me which of his product is cheap, only competition will force his hand, the only benefits i see is in elimination of fuel imports rackets and nnpc importation scams

soccerlite:
You tried with dis your incisive comments

Economics teacher no fit do better

Abeg wetin be euro 5

EURO V is a European standard specification for Petrol.

Nigeria has continued to remain a home for “dirty fuels” with very high sulphur content. Sulphur in petroleum fuels results in vehicle exhaust emissions that have negative impact on health and environment.

Dangote Refinery says the 650,000 barrels per day refinery has been designed to process a variety of light and medium grades of crude and produce extremely clean fuels that meet Euro V specification.

Jeezuzpick:
Dangote is and has always been a crony of successive governments.

Until BUA refinery is completed, I don't see any real gain for Nigerians.

You think bua is not crony of nigeria government

Did you see names of companies emiefele gave gas fund to that was just released

Go check the list



Oga this is nigeria fa


Only government assisted business thrives