₦airaland Forum

sIfioksq:
It's great to see the FG prioritizing fuel import to stabilize the market. Local refineries can still play a crucial role in our economy. Let's hope for a balanced approach that benefits everyone involved.

Great to see FG spending FX that we don't have to import what can be obtained in Nigeria? I don't understand the way some of you reason o

Chinkoalhaji34:
The operators should stop crying and start refining locally. This is a good opportunity for them to showcase their ability to refine locally instead of depending solely on importation.

What exactly will they refine? Did you read the op at all? FG is the only entity that can get crude oil which they should be sending to dangote and other local refineries to refine, but instead ship outside the country to later spend fx to import the refined product....make una try read content first before rushing to comment.

FuckTheMod:
FG in collaboration with people with people like Dangote (the greedy bastard) is actually the major saboteur in this whole fuel crisis and inflation.


IMAGINE DANGOTÈ FOOLING THE WHOLE NIGERIANS THAT, HE CAN'T GET OIL FROM HIS COUNTRY THAT'S THE 6TH LARGEST PRODUCER AND EXPORTER IN THE WORLD, AND HE HAS TO BUY FROM USA THAT'S THE BIGGEST IMPORTER OF CRUDE OIL IN THE WORLD...
ALL GAMES JUST TO KEEP THE PRICE OF PETROL HIGH...

Dangote is a businessman....he has come out to say that FG aren't delivering crude to him as they promised, it behooves on FG to counter him if he's being dishonest, blaming him for importing crude when FG isn't giving him crude is the silliest thing I've seen today

Majority of Nigerians voted for the proposed right candidate but the ruling power hijacked the power same way dey did in 2019, till date the inec chairperson who announced the 2day president is not in this country, now in Abia state, what is happening?, Otti have gone back far from his campain words, the masses voted for him, and now they are crying, no new opportunity since he emerge governoship in Abia state for the past 14months.

Reduce the price of your product, marketers will come for your products, there should be competitive market not monopoly

I support this move 100%, the case study is the ban on food importation that give birth to this food insecurity we are witnessing now.

Augustine2244:
Lol! Renewed Shege is really on in full force.By the time BAT is done with Nigeria,Haiti would be a paradise compared to her.
No sensible and responsible government would like to be still wasting resources importing petrol while refineries are there.
And the useless government has been promising to fully activate the existing refineries to full operation capacity,yet nothing tangible has occurred with those refineries.
But even if they go eventually into full refining capacity, the useless government would still find a loophole to be wasting funds on importation of fuel.

importing fuel is even doing more harm to the naira

franugo:
Great to see FG spending FX that we don't have to import what can be obtained in Nigeria? I don't understand the way some of you reason o

his likes are the reason nigeria is where it is today. Always supporting senselessness because of tribalism

Afamsi:
importing fuel is even doing more harm to the naira

My brother,a harm that is reflecting heavily beyond endurance on the economic situation.

franugo:
■ What exactly will they refine? Did you read the op at all? FG is the only entity that can get crude oil which they should be sending to dangote and other local refineries to refine, but instead ship outside the country to later spend fx to import the refined product....make una try read content first before rushing to comment.

NNPCL is reported to have made 3 deliveries of at least 1 million barrels of oil to Dangote Refinery, the last of which was delivered in January or thereabout. Dangote has equally been sourcing Crude from the US for a while now. 🤔

Additionally, Dangote was on Buhari's election advisory team, and he was aware of Buhari engaging in OIl Swap to the amount of about $25 billion, some of which was probably used by the same FG to back Dangote's Refinery project. So, what else must FG do again for this one businessman when the same FG has not done for the over 200 million other Nigerians out there?

The millions barrels of crude which NNPC sold to dangote. Dangote didn’t refine a single drop of fuel to the Nigerian consumer.

We need to understand that dangote is not transparent. Telling federal governor to ban import of fuel when you are not clear of the price you want to sell to Nigeria doesn’t make any sense.

The basic reason dangote is not in the book ofnthe federal government is dangote fuel is not cheaper as promised by the tinubu government to Nigerians

dangote wants to do to crude oil wat he has done with cement

The government should disprove this by licensing more local refineries, complete and reinstate existing ones to enable balanced competition without monopoly so also same goes for cement manufacturing.

Chinkoalhaji34:
The operators should stop crying and start refining locally. This is a good opportunity for them to showcase their ability to refine locally instead of depending solely on importation.

You lack proper comprehension from what dangote is saying. If you are ordering 15 shipment from NNPC crude and they only give 1, how does that help local refinement and what should we think of other refiners whose requests to has been left unanswered?

Ho dies such actions help the economy and in that situation you as a company owner what would you have done?

Bullfallo:
■ The millions barrels of crude which NNPC sold to dangote.
■ Dangote didn’t refine a single drop of fuel to the Nigerian consumer. We need to understand that dangote is not transparent. Telling federal governor to ban import of fuel when you are not clear of the price you want to sell to Nigeria doesn’t make any sense. The basic reason dangote is not in the book ofnthe federal government is dangote fuel is not cheaper as promised by the tinubu government to Nigerians

It was probably more than 1 million barrel according to reports.

2. By the way, NNPCL was not set up for the benefit of Dangote Refinery. It already had its customers and quotas that it was to meet before Dangote showed up. So it is bad business for Dangote Refinery to have expected NNPCL to divert all of that to feed its own needs. Common sense would have been for Dangote to also explore Oil drilling, something Dangote had announced in 2020 that he had already started doing with a rate of about 20,000 - 100,000 barrels a day. So, for Dangote Refinery to give the impression that NNPCL was meant to feed it all of the crude it needs is nonsense.

https://www.youtube.com/watch?v=ENWp9OhZAf4?si=2H1pkDk6NqDBCEbF
Why Nigeria Can’t Give Dangote Refinery Amount Of Crude It Requires - Energy Expert

sIfioksq:
It's great to see the FG prioritizing fuel import to stabilize the market. Local refineries can still play a crucial role in our economy. Let's hope for a balanced approach that benefits everyone involved.

You're stupid

I'm in full support of the importation of the commodity... probably in the interim until the local refiners could prove that entrusting the production and supply of energy is truly worth and they will not take advantage of the monopoly to hold us to ransome.

Competition, for me, is health and keeps every industry player on his toes.

Therefore, let the challenge begin!

Chinkoalhaji34:
The operators should stop crying and start refining locally. This is a good opportunity for them to showcase their ability to refine locally instead of depending solely on importation.

..how will the local refineries refine petroleum products when the NNPC and IOC does not want to supply them crude oil.. even Dangote is also finding it difficult to get crude oil from NNPC and IOC they prefer to export the crude oil for sale than supplying local refineries

When you have a president like Tinubu that does not have the plans and mind set of turning Nigeria to a producing economy...just having a mind set to be consuming, importing and palliative mind set economy and consuming economy

yemre:
I'm in full support of the importation of the commodity... probably in the interim until the local refiners could prove that entrusting the production and supply of energy is truly worth and they will not take advantage of the monopoly to hold us to ransome.

Competition, for me, is health and keeps every industry player on his toes.

Therefore, let the challenge begin!

..the naira depreciating and losing value against the dollars is due to all this Importation.. nigeria should start thinking of been a producing economy

Emzedz:
Northerners occupying oil agencies when they hv no drop of oil in d North.
They can never do well.

Those are GOVERNMENT agencies....the boss at the very top (i.e. the PRESIDENT) calls all the shots

Emzedz:
Northerners occupying oil agencies when they hv no drop of oil in d North.
They can never do well.

"Accountants should not manage finance agencies unless they've billions of dollars"

Got you.

But the local refineries should have a cost edge and sell cheaper to dominate the market.

Looks like local players prefer a monopoly.

adenigga:
Source: https://punchng.com/Fuel-import-FG-working-against-local-refineries-operators-cry-out

Enforce full deregulation, repair local refineries , give license to build local refineries, they wont!

Someone does not want the local refining o fuel to commence, this is systemic and its called sabotage.

NNPCL is the cause of the nations fuel woes, it is the real monopoly not Dangote.

That what Orient Refinery has been suffering in silence.
The same government officials drove them into obscurity.

sIfioksq:
It's great to see the FG prioritizing fuel import to stabilize the market. Local refineries can still play a crucial role in our economy. Let's hope for a balanced approach that benefits everyone involved.

prioritizing fuel import to stabilize the market?


Nigerians are dull. They should prioritize food import to stabilize the market too.

Also, the Executive Secretary of the Major Energy Marketers Association of Nigeria, Clement Isong, described the NMDPRA comments as clear and direct. Isong told our correspondent that the sector needs that kind of information from the regulator.

Yes!

The people whose diesel was tested and it shows they're inferior to that of Dangote - they had over 1000ppm sulfur content. I know where this comment is coming from. Major marketers are the importers and won't allow other refineries to come up.

Ubanz:
That what Orient Refinery has been suffering in silence.
The same government officials drove them into obscurity.

Their own feedstock is the problem. They went and lay claim to an oil field in Kogi state.

helinues:
The local refiners should also start getting serious..

Are they not serious? They are not serious to you and they invested their billions to build the refineries?

weyreypey:
I support farouk. The local refiners should step up their game. And definitely it is criminal to commit our national energy security to a single private entity like dangote.... His antecedents in the cement industry is still visible to the blind and loud to the deaf.

No monopoly!



However protest must shele against unnecessary and unproductive hardship in the land

Monopoly in cement? Who was producing cement before Dangote came in?

Here I was thinking all refineries were run by the government. Well, they should step up their game then. Drop prices to pull potential customers first. Una no go school?