₦airaland Forum

GenFunction:
They jus gave p.h refinery the nod to deliver a certain amt of product,normally dangote no like competi

A very lazy cry baby he is, always wanting to be spoon fed by the government

Whatever games Dangote and the useless FG is playing is obviously not for the interest of the masses

trutharena:
Looks like Dangote has finally found his voice! Maybe he's tired of being quiet while others talk. It's about time we hear more from him, especially when he's making moves that affect the economy. Let’s see what this new level of communication brings!

With wrong investment like oil refinery?

BOUNTYDOG:
Dangote's businesses is not done with interest of the masses at heart
He is the FGN front man for business. Maybe Bat wants to shenk all the cabals empowering him

The main focus of a business person is profit making. In so doing, they create jobs and help improve the economy.


It the government's responsibility to support private business by way of subsidies, tax break, loans and other incentives.


Why attack a private business man, instead of tackling the corrupt politicians for sabotaging our refineries and economy at large.


Interest of the masses you say. Is dangote supposed to be sharing free food to you just because he's rich?

SOSPITAS:
It's in the interest of this country for his refinery to work, it's even in the interest of the entire west Africa for that project to succeed. Cheap energy is the corner stone of Industrialization and one of the major demand for dollar is for the purchase of energy in the international market. Just imagine the ripple effect it will cause if 60 - 80% of our energy demand is supplied by this refinery and all transactions conducted in naira, imagine that! Again, imagine if our west African brothers decides to source supply of energy from this refinery and the transaction is done in naira too.
This is probably the reason the IOC are sabotaging this project, they want to turn it into another failed project like the steel company in kogi built by the soviet.
This project needs to succeed for the sake of the black man, dangote has taken a huge risk on this project, it's time for the government to take another risk by going against the IOC to ensure the success of this refinery.

Nigerian been an oil dependent economy in the 21st century when electric cars and green energy is taking is heading for disaster while Dangote refinery is a $20 billion cluelessness. Imagine building oil refinery when refineries are shutting down?

Ttalk:
Because this is the first time he will receive genuine neck pressing. He has been the one pressing Nigerians neck all this while

The comment I came to look for.

chichar1:
What's the meaning of bot you are calling the guy?

Those monikers that praise Tinubu unreasonably are actually APC nairaland programmed bots

Programmed to praise tilumbu

Gboss247:
Nigerian been an oil dependent economy in the 21st century when electric cars and green energy is taking is heading for disaster while Dangote refinery is a $20 billion cluelessness. Imagine building oil refinery when refineries are shutting down?

So you think it's only cars that uses hydro carbon?
The industries that manufacture those electric cars & its parts is powered by hydro carbon.
The ship that takes them all over the world is powered by hydro carbon.
The airlines are all powered by hydro carbon.
Fertilizer for growing food is a by product of hydro carbon.
Pharmaceutical industries are powered by hydro carbon.
Plastic and many components of your phone are made with hydro carbon by-products.
The rocket that launches satellite to space which enables internet connectivity is powered by hydro carbon.
Military tanks, plane, ships and artillery are all powered by hydro carbon. I can go on and on.
So my friend, till the oil finishes, all aspect of industrialization will be powered by hydro carbon. The only comparable alternative is nuclear power.

NNPC and others

quote author=flyinnizam post=131420592]so who are the cabals?[/quote]

$20billi no be moimoi oo

If na you nko? $20b nor be urgent N2k o. The guy dey really para o.

Blitzking:
[i][/i]
Do u know what it means to invest 2x your net worths na like playing sporty with ur lifetime earnings

But this e thing dey like correct score e play o. Na NNPC one spoil am

Dangote or portable.... I no know who lament pass.


I'll listen to portable over dangote.

At least portable has spoken up against the oppressed.


Dangote to the best of my knowledge has never.

Bobloco:
Dangote is saying more words under this current government simply because the economic policies of the present government have been catastrophic.

U lie.

Were the policies not catastrophic during Buhari tenure? Was dangote talking then?

Because it’s good to taste some of the many peppers we have been chewing in this country. Make all man cry dey go

Tharyor1984:
If you don't know , you don't know! Dangote is the longest serving cabal in Nigeria since the military era at the expense of the masses

We thank God the IBOS now know Dangote is a Saviour. The IBOS have fought Dangote for years. They called him several names. They called him a monopolist, government paddy paddy businessman and all sort of bad names. They don't see him as enemy of IBETO and Capital Oil again even before Senator Ifeanyi Ubah died. I remembered fighting for almost two decades on behalf of Dangote against the IBOS. The toughest was during Jonathan when Jonathan allowed importaion of Cement because of IBO importers while Dangote, BUA, Lafarge and others invested billions of dollars in local manufacturing and were competing with IBETO imported cement from Portharcourt. Buhari stopped it immediately Jonathan left. The IBOS cried foul.

They called Dangote Refinery a Scam, they said it can never work. We defended the refinery. We thank God. They (IBOS) are now the ones defending Dangote. They did at a time we are studying their agitation against Dangote but we are surprised they have forgotten IBETO and Capital Oil and shifted base to Dangote. Dangote now have good supporters. They are good in propaganda and they controlled Social Media. If this my posting appears on nairaland, they allow it because they can filter it or even block it. Dangote has good supporters.

masseratti:
what Nigeria normally use to stabilize the naira is foreign reserve over the years, which is stupid, Nigeria had $28b when Tinubu came in ,the government can only liquidate or touch $7b ,the cbn use on the average $400 m weekly to subsidize the naira fall that translate to over $22b annually,not to count money for subsidy.

What this government is yet to get right is that if you still keep on having an official rates and there is a black market,you can't win the black market until you truly float your currency, abandon any official rate,let both Dangote,chukwudi the importer,baba Taiwo that want to pay children school fees, everyone under the sun buy dollars at real market value,then the rate will stabilize.

Lunch am massive agro production in all the 774 lgs with government funds, employ agricultural extension officers from nysc for bsc agric holders ,and gradutes from agricultural schoois 30 for each local government,a prof and two Drs from our universities to supervise, under a year or two food security will be guaranteed and excess for export.

Critical industries should also be helped be it technically, financially and other wise,we need to find out what do we have that if we put more effort and add value into it ,we can export and improve productiont.

The first should wake up in their job,it's high time the first start asking anyone with sudden wealth to explain where he or she got money from to buy Bugatti,send children to school abroad,buy land or build house in high brow area, People have to start explaining where those money came from and if they are genuine adequate tax is taken into the government covers,the FIRS can even design a report scheme like in china if you have money all of a sudden and it's unexplained,the citizens in that community are encouraged to report you ,either in your community or your place of work ..not less than 5 people,so that it won't be like the whistleblower system that has failed us ...

The penalty for financial crimes is way to low.. government has to take financial crimes seriously and penalty at par with Drugs and armed robbery crimes.

Lastly we would need more humanly useable Prisons built,if ever we are ready to move forward.

Sir, you are very correct. You are a core professional. I suspect you are either an economist or a Financial Analyst. Your analysis of the situation on ground and way forward is perfect. The Nigerian system cannot work that way. I pity the South West elites and elders that have not woken up to reality. Most of the South West youths are also affected. They do not wake up to reality. Tinubu met $28 billion in the reserve with a budget for 97% debt servicing. Out of the $28 billion, he can only touch $7 billion for a population of over 200 million people.

Floating the naira fully as suggested by you will make exchange rate fully determined by market forces. I think what is happening now is narrowing of the gap between official rate and black market. The real value of Naira to Dollar is being monitored by CBN.

All the Agricultural revolution steps you highlighted are good but implementation is the solution. Some people have determined to frustrate government in everything. They want immediate solution. Government within a short time less than 14 months fulfilled an inherited obligation of $7 billion dollars. That is huge. Government is also working on diverse policies from students loans, trade policies, CNG for transportation and industries, tax holiday for industries and massive roads construction. Apart from Obasanjo era, there is no government in Nigeria that such diverse developmental policies and projects have taking place.

Politics in Nigeria is something else. Jonathan left $25 billion in the reserve with debts for Buhari while all the major actors travelled abroad before handing over ceremony. Buhari left $28 billion for Tinubu with some debt commitment maturing before one year in power. The government has tried despite the inflation. The security problem in the North East and North West greatly affected agriculture and financial commitment to fighting terrorism is very huge.

flyinnizam:
Tinubulations.....everybody must collect.

This is not Tinubu but the Yoruba nepotistic and tribalism.
They are like a spiders web, will comb through without any plan just to be in charge.

He invested all he got in more than 16 years on the 2 months. And the Tinubu led federal government of Nigeria want to frustrate, disgrace, and relegate him and his business empire to make him mad

BENEAMATA:
Simply because the proverbial boot is on the other leg , that's why . No rocket science here . The grand beneficiary of nepotism within the corridors of power would know more than any other nigerians when a section of the cabal that has kept the nation in servitude has turned against him .
And didn't I read something all over the mainstream media couple of months ago that Mr big shots wanted to pay naira for our crude oil ( our only major source of forex ) , but , when refused , opted to pay in hard currencies for the same crude oil from other climes .Well then the joke is on who ever is demonizing the government of the day for saint Aliko .

I don’t get you bro; was he supposed to pay for local crude with USD?

And when they refused to sell to him, was he supposed to pay the international sellers with Naira?

Roboto11:
He didn't need to site it in Nigeria.

Benin Republic would have made him de facto leader.

I don't know why Nigerians relish in malicious thoughts and pull him down philosophy.

This one weh you talk about Benin is so true. Nigerians are just the absolute worst.

Gboss247:
Nigerian been an oil dependent economy in the 21st century when electric cars and green energy is taking is heading for disaster while Dangote refinery is a $20 billion cluelessness. Imagine building oil refinery when refineries are shutting down?

And you in your infinite wisdom has better access to information and data than a billionaire with all ten toes in the industry?

Mehn, you’re a dummy and you don’t even know it.

Your next reply better be the research you did to prove that Dangote is indeed clueless like you claim.

SOSPITAS:
So you think it's only cars that uses hydro carbon?
The industries that manufacture those electric cars & its parts is powered by hydro carbon.
The ship that takes them all over the world is powered by hydro carbon.
The airlines are all powered by hydro carbon.
Fertilizer for growing food is a by product of hydro carbon.
Pharmaceutical industries are powered by hydro carbon.
Plastic and many components of your phone are made with hydro carbon by-products.
The rocket that launches satellite to space which enables internet connectivity is powered by hydro carbon.
Military tanks, plane, ships and artillery are all powered by hydro carbon. I can go on and on.
So my friend, till the oil finishes, all aspect of industrialization will be powered by hydro carbon. The only comparable alternative is nuclear power.

Bro, why reply a dummy that thinks he’s smart? You should let such people bask in their folly.

Winnin009:
This one weh you talk about Benin is so true. Nigerians are just the absolute worst.

Benin Republic would have been better and Ghana would have been the best. I asked a question over two decades ago when I was very small and still asking the question which nobody has answered me. The question is how part of Tincan Island Port Jetty that extended to Nigerdock gate was partitioned and given to Dantata. They called the place Dantata Jetty from time immemorial. As at that time (military era), no private individual enjoy that benefit and that place was very busy full of different activities.

Coming back to your Benin Republic suggestion, in Ghana, Sentuo Group is building two Refineries at the cost of $1.98 billion. In Ghana that is a very huge cost. Some Ghanaians are still complaining. I told them in Nigeria, the two Refineries would cost about $15 billion. The government will give waivers, incentives and direct financial support up to $3 billion dollars. At the end, it is the government support that will build the refinery. All the loans from the consortium of banks and government waivers and incentives is to complete and start other projects in other countries and in Nigeria. Those Ghanaians said Nigeria is big and rich. Oby Ezekwesili called for the Audit of Dangote Refinery and NNPC / Federal Government commitment in the Refinery project. It is already too late.

In Ghana, they said the promoter of Sentuo Group is a friend of Akufo Addo their president, they should come to Nigeria and see things for themselves.

flyinnizam:
Tinubulations.....everybody must collect.

. President Bola Ahmed Tinubu administration is strangulating hom

alizma:
Because we are all in a real economic situation now, no free access.

Hahahaha

blowjohn:
U lie.

Were the policies not catastrophic during Buhari tenure? Was dangote talking then?

Buhari's policies were not this catastrophic. 

How much was the price of a litre of PMS during the Buhari regime? 

How much was Naira exchanging for a dollar during the Buhari regime?

Him been dey observe table manners.

underpinna:
If he succeeds, the cabals may use Port Harcourt and Kaduna refineries against his own.

He can export its refined product. They need to just provide raw crude to all refineries in Nigeria. It is better to export refined products than raw crude abi.

skywalker240:
A very lazy cry baby he is, always wanting to be spoon fed by the government

Whatever games Dangote and the useless FG is playing is obviously not for the interest of the masses

NO MIND AM..Nw breeze don blow

He's been building in silence, and now he done. Time to market his innovation... you don't market in silence...get it now

Because the oil Cabals and very corrupt politicians, government officials/appointees and civil servants have taken over Nigeria more than before