₦airaland Forum

Following the commencement of petrol production at Dangote refinery, billionaire businessman Femi Otedola has warned depot owners that it might be wise to sell their depots for scrap before the market shifts.

Sell your depots as scraps before it's too late, Otedola tells depot owners
Sell your depots as scraps before it's too late, Otedola tells depot owners
Femi Otedola congratulates Aliko Dangote on petrol production at $20 billion refinery.
Otedola praises Dangote for ending Nigeria's dependence on foreign powers for fuel supply.
The project has been hailed as a transformative force for Nigeria and the energy sector in sub-Saharan Africa.


He made this statement while congratulating his associate, Aliko Dangote, on the successful launch of petrol production at his $20 billion refinery.

In a letter posted on his official X handle, he pointed out that while the Kaduna and Port Harcourt refineries have remained inactive and their promises unmet despite billions spent on so-called turnaround maintenance, Dangote has achieved what many believed was impossible.


Otedola stated that with petrol now being produced by the Dangote Refinery, the era of Nigeria depending on foreign powers for its fuel supply has come to an end.

What Otedola said:
"I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement turned into rusting relics, scraps of a bygone era. Now, with your refinery in full swing, I foresee a similar fate for fuel imports,"

"The depot owners should take heed—it’s time to dismantle those depots and sell them as scraps while the market is still high. The world has changed, and those who do not adapt will be left behind,"


"You have beaten all the skeptics, silenced the naysayers, and proved wrong those who doubted your resolve, even those who never wanted this project to succeed,"

“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end,” he stated.

The business mogul also thanked President Bola Tinubu for his steadfast support and belief in realizing this monumental achievement during his administration.

The long-awaited refinery has been hailed as a transformative force for Nigeria and the energy sector across sub-Saharan Africa. The refinery's fuel production and sale is expected to significantly ease Nigeria's foreign exchange burdens, and halt petrol shortages.


© 2024 africa.businessinsider.com

So who will be buying??

My guess will be OTEDOLA AND FRIENDS 🤣🤣🤣🤣

YOU WEY TONY ELUMELU AND OVIA REAP😒

COMRADES are speechless

Leave them just incase your friend tries to monopolize the oil industry like he doing with sugar and other

With all the praises heep on Dangote by his friends and associates. My inner mind keeps telling me not to trust him completely...cos everything seems too good to be true

That's a harsh admonition o.

These people will vandalise Dangote refinery if Dangote don't find something for them to do.

Even abroad there are fuel depots

slimfit1:
These people will vandalise Dangote refinery if Dangote don't find something for them to do.

They can buy from dangote refinery and sell through their retail outlet (filling station)

nedu666:
Even abroad there are fuel depots

these one's are different from the ones abroad,these people are individual petroleum products importers

Dangote cannot b producer and marketers at same time ..

So wen marketers buy, they need a place to store before disbursal to the locality they are

bigpicture001:
Dangote cannot b producer and marketers at same time ..

So wen marketers buy, they need a place to store before disbursal to the locality they are

Producers and manufacturers the world over has their marketing arm to dispose their products, even NNPC has a marketing subsidiary .PPMC

coputa:
Following the commencement of petrol production at Dangote refinery, billionaire businessman Femi Otedola has warned depot owners that it might be wise to sell their depots for scrap before the market shifts.

Sell your depots as scraps before it's too late, Otedola tells depot owners
Sell your depots as scraps before it's too late, Otedola tells depot owners
Femi Otedola congratulates Aliko Dangote on petrol production at $20 billion refinery.
Otedola praises Dangote for ending Nigeria's dependence on foreign powers for fuel supply.
The project has been hailed as a transformative force for Nigeria and the energy sector in sub-Saharan Africa.


He made this statement while congratulating his associate, Aliko Dangote, on the successful launch of petrol production at his $20 billion refinery.

In a letter posted on his official X handle, he pointed out that while the Kaduna and Port Harcourt refineries have remained inactive and their promises unmet despite billions spent on so-called turnaround maintenance, Dangote has achieved what many believed was impossible.


Otedola stated that with petrol now being produced by the Dangote Refinery, the era of Nigeria depending on foreign powers for its fuel supply has come to an end.

What Otedola said:
"I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement turned into rusting relics, scraps of a bygone era. Now, with your refinery in full swing, I foresee a similar fate for fuel imports,"

"The depot owners should take heed—it’s time to dismantle those depots and sell them as scraps while the market is still high. The world has changed, and those who do not adapt will be left behind,"


"You have beaten all the skeptics, silenced the naysayers, and proved wrong those who doubted your resolve, even those who never wanted this project to succeed,"

“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end,” he stated.

The business mogul also thanked President Bola Tinubu for his steadfast support and belief in realizing this monumental achievement during his administration.

The long-awaited refinery has been hailed as a transformative force for Nigeria and the energy sector across sub-Saharan Africa. The refinery's fuel production and sale is expected to significantly ease Nigeria's foreign exchange burdens, and halt petrol shortages.


© 2024 africa.businessinsider.com

that is the truth, but a very hard bitter pill to swallow and most of then have not completed payments of loans collected to build the depots, it is well

gare:
that is the truth, but a very hard bitter pill to swallow and most of then have not completed payments of loans collected to build the depots, it is well

with the huge profit they are making

bigpicture001:
Dangote cannot b producer and marketers at same time ..

So wen marketers buy, they need a place to store before disbursal to the locality they are

They don’t buy in quantity that needs depots

They buy in tankers . Maybe 1 or 2 tankers and store into the underground tank at the filling station

But I don’t think all the depots should be dismantled

BitterTruth0001:
They don’t buy in quantity that needs depots

They buy in tankers . Maybe 1 or 2 tankers and store into the underground tank at the filling station

But I don’t think all the depots should be dismantled

Depots don't sell to one to 5 tankers....

They sell to minimum 20 tankers...if u have just one station..u HV to collaborate with a major player to joint buy..so u can get Ur share ..

They buy in quantity

bigpicture001:
Depots don't sell to one to 5 tankers....

They sell to minimum 20 tankers...if u have just one station..u HV to collaborate with a major player to joint buy..so u can get Ur share ..

They buy in quantity

Bro check your original post nah

You said Dangote cannot be producer and marketer at the same time

Dangote sells directly to individual tankers. They can load more than 2600 tankers per day


A filling station can buy directly from Dangote . If you have a petrol station , just send your tanker there and load. If you want to buy 20 tankers no problem.
And I’m telling you petrol stations don’t buy in the quantity that needs storage at a depot.

So Otedola is right , fuel depots may soon go obsolete.

We are happy for the prices of cement in nigeria,long dive the federal republic,long dive suffering,long dive sycophants.

Hi

Lol.. Nice jab from mr Otedola

Of a truth most Depots will be useless with time.

The battle that dangote will fight over this refinery, he will see the real meaning of naija. The corruption in oil and gas is really oily...it's multinational and I worry that his operation will erase a very stubborn middle men that has operated for decades.

I'm watching.