₦airaland Forum

Before now, Nigerians have lamented the lack of indigenous refineries and attributed the high cost of petrol, diesel and gas to it.


Thankfully, Dangote Refinery came to be. I read that it can only sell to NNPC. That means NNPC is the sole buyer.

And boom, NNPC is selling fuel at over #800.

What is the fate of a common man?
What is the fate of salary earners like teachers(I'm a teacher )
What is the fate of SME's?

Where do we go from here?

Despite all the legit side hustles, the bills keep pilling up.

Let God's will be done

A blessing that looks a curse due to lies of politicians for decades that we are rich, a giant, and have more money than we cannot exhaust.

That refinery employes mostly Nigerian unlike the ones we current buy from. The profit from that refinery will most likely build another employment-creating industry unlike the house owners in Dubai and London who loot us. That refinery will leave some byproducts that will go into fertilizers, plastic and cosmetics production thereby creating more industries.
Only God can reward Dangote and not one useless tax waiver.

It's a blessing


It can't be lower than N600
Even if the government gives him the crude free, the product won't come that cheap.
There is cost to mining and processing it to different products.
If the FG makes attempt to subsidize PMS, it will mean subsidizing PMS for the entire sub saharan region.
Marketers will prefer selling to neighboring countries just to make more gain.

Blessings if naira don't gain then someone is sabotaging the naira.

A blessings to patriotic Nigerians and a curse to bitter ones who never see good in anyone

Ouchbabe:
Before now, Nigerians have lamented the lack of indigenous refineries and attributed the high cost of petrol, diesel and gas to it.


Thankfully, Dangote Refinery came to be. I read that it can only sell to NNPC. That means NNPC is the sole buyer.

And boom, NNPC is selling fuel at over #800.

What is the fate of a common man?
What is the fate of salary earners like teachers(I'm a teacher )
What is the fate of SME's?

Where do we go from here?

Despite all the legit side hustles, the bills keep pilling up.

Let God's will be done

The fate of SMEs, salary earners like teachers etc should remain the same if NNPC will be honest enough to buy from dangote6 at same price they were buying from other foreign refineries they sold crude to at intl price. You sell to Dangote at $2pb-$4pb above intl price but want Dangote to sell directly to Nigerians at half the price you buy petrol, diesel from foreign refinery. Go and sleep.

The refinery is yet to be operational but some people are already in a panic mode

It’s a blessing.

Less demand pressure on US dollars that would have been spent on importing fuel. Provided NNPC is consistent with supplying crude oil at a fixed naira price.

Hopefully should have positive impact on the exchange rates. Time will tell.

OkCornel:
Hopefully should have positive impact on the exchange rates. Time will tell.

If it does this, it will automatically reduce inflation by a few percent and that will go a long way for us

And sell same fuel that was 200 last year for more than 1k? Lol

CyrusVI:
If it does this, it will automatically reduce inflation by a few percent and that will go a long way for us

Hopefully. Fingers crossed, time will tell.

The Northerners in NNPC are the curse.. had it been they didn't sabotage all efforts to fix our local refineries because of one man Dangote that they want to be the monopoly and sole supplier of petroleum products to over 220 million Nigerians, price of petrol won't be this high.
Had it been our State-owned refineries are working, Nigerians will be able to source petrol from either PortHarcourt refinery, Warri refinery or even the private-owned Dangote refinery.

Dangote is known for monopoly, the whole world knows this, so thinking he built refinery to help Nigeria or solve Nigeria's challenges is a very stupid way of thinking. He is out to make more money from pocket of Nigerians just like he has been doing in the cement sector.

PBAT should help us fix our State-owned refineries, even if it means sacking all the Northerners in NNPC and replacing them with Indians just like Dangote used Indians all through to build his refineries. Black people have a problem and can't do things the right way.

It's a blessing