₦airaland Forum

Burma boy abeg come and release another album for dangote head😂😂
It is no longer
Dangote dangote dangote still dey find money o!
That one has passed
We need a knew line🚴🚴🚴✍️✍️✍️

Namaster:
It's nice to finally put a face to the SCOURGE of Nigerians.

And it's DANGOTE and his GREEDY partners.

A NEWLY operational refinery has taken over the supply of 1 MILLION of the 1.3 Million barrels that Nigeria needs.

That's MORE than 75% of the Nigerian Petroleum supply being handled by Dangote.

That's a MONOPOLY!

Or near enough rhat it makes no difference.

Every problem the refinery is supposed to SOLVE has been EXACERBATED.

Dangote pays Naira for crude oil YET the Naira continues to PLUMMET.

He cut out the MIDDLEMAN (NNPCL) and instead of price reduction, he JERKED UP the price.

The transportation savings from NOT having to pay the shipping fees of importing refined petroleum products is NOT passed to customers.

Dangote and his ELITE backers are taking advantage of Tinubu's shitty policies to DESTROY Nigeria.

You have identified where the savings are in the business chain, so wait let it arrive before you start castigating, one shipment will not answer it all na

It is now
**Clears throat**
**Mic 2 mic 2**

Oya

Burma boy
Dangote dangote dangote just dey pack money o
😍😍😍😍😍😍😍😍

You all are sick, is this news. It's supposed to reduce to zero nah.

Namaster:
It's nice to finally put a face to the SCOURGE of Nigerians.

And it's DANGOTE and his GREEDY partners.

A NEWLY operational refinery has taken over the supply of 1 MILLION of the 1.3 Million barrels that Nigeria needs.

That's MORE than 75% of the Nigerian Petroleum supply being handled by Dangote.

That's a MONOPOLY!

Or near enough rhat it makes no difference.

Every problem the refinery is supposed to SOLVE has been EXACERBATED.

Dangote pays Naira for crude oil YET the Naira continues to PLUMMET.

He cut out the MIDDLEMAN (NNPCL) and instead of price reduction, he JERKED UP the price.

The transportation savings from NOT having to pay the shipping fees of importing refined petroleum products is NOT passed to customers.

Dangote and his ELITE backers are taking advantage of Tinubu's shitty policies to DESTROY Nigeria.

What is wrong with you guys and made up rubbishes

What had stopped everyone else including federal government from building own refinery for decades now

But Dangote immediately built and now it's monopoly?

ALTERNATEID:
There is a reason the world bank guy said we should stay true to the ongoing reform for at least 15 years.

You guys simplify our economic challenges by thinking just two weeks of decline in PMS import will automatically result in Naira stability. It’s not that quick and easy. We need to remain consistent for at least a year before we can start counting the impact of the forex savings on our local currency. There is no shortcut to any of these things. It takes time and consistency for result to start showing.

Thank you very much, you know the problem with Nigerians is that we so much like miracles thats the reason fake pastors a littered everywhere in the name of performing miracles, we want the country to work yet they pray for our government to fail, the only govt I v seen that failed is buhari's govt. I say so because he had the support of over 70% of Nigerians not until he started his schemes of Northern agenda.. back to the topic, for us as a nation to succeed citizens must stop anticipating the failure of a govt because u didn't vote for that person, forgetting if the govt fails the citizens will definitely bear the consequences. God bless Nigeria

Namaster:
It's nice to finally put a face to the SCOURGE of Nigerians.

And it's DANGOTE and his GREEDY partners.

A NEWLY operational refinery has taken over the supply of 1 MILLION of the 1.3 Million barrels that Nigeria needs.

That's MORE than 75% of the Nigerian Petroleum supply being handled by Dangote.

That's a MONOPOLY!

Or near enough rhat it makes no difference.

Every problem the refinery is supposed to SOLVE has been EXACERBATED.

Dangote pays Naira for crude oil YET the Naira continues to PLUMMET.

He cut out the MIDDLEMAN (NNPCL) and instead of price reduction, he JERKED UP the price.

The transportation savings from NOT having to pay the shipping fees of importing refined petroleum products is NOT passed to customers.

Dangote and his ELITE backers are taking advantage of Tinubu's shitty policies to DESTROY Nigeria.

that refinery will be burnt to ashes oneday

helinues:
Na same day you plant cassava you go harvest am?

Senseless!

ALTERNATEID:
There is a reason the world bank guy said we should stay true to the ongoing reform for at least 15 years.

You guys simplify our economic challenges by thinking just two weeks of decline in PMS import will automatically result in Naira stability. It’s not that quick and easy. We need to remain consistent for at least a year before we can start counting the impact of the forex savings on our local currency. There is no shortcut to any of these things. It takes time and consistency for result to start showing.

You people aren't sincere with yourself. People like you, the government and the world bank are actually quite demon'c

ALTERNATEID:
Buhari did not implement any reform. He continued with the wasteful pattern of previous administration and even took it to another level.

Tinubu has departed from that wasteful pattern of spending all we earn plus loans to subsidies PMS and keep the exchange rate low. We are now on a new course and we need to remain consistent to it if we want to see result.

Thunder fire you there,The buhari you idiots where praising didn't implement any reform ?

Namaster:
It's nice to finally put a face to the SCOURGE of Nigerians.

And it's DANGOTE and his GREEDY partners.

A NEWLY operational refinery has taken over the supply of 1 MILLION of the 1.3 Million barrels that Nigeria needs.

That's MORE than 75% of the Nigerian Petroleum supply being handled by Dangote.

That's a MONOPOLY!

Or near enough rhat it makes no difference.

Every problem the refinery is supposed to SOLVE has been EXACERBATED.

Dangote pays Naira for crude oil YET the Naira continues to PLUMMET.

He cut out the MIDDLEMAN (NNPCL) and instead of price reduction, he JERKED UP the price.

The transportation savings from NOT having to pay the shipping fees of importing refined petroleum products is NOT passed to customers.

Dangote and his ELITE backers are taking advantage of Tinubu's shitty policies to DESTROY Nigeria.

We can expropriate the refinery and make petrol cheap to all Nigerians.

ALTERNATEID:
Consistency is all we need now.

what hold on. Please leave propaganda aside, even with consistency there is no way Dangote will crash petrol price. Even with the drop in imports it is not still felt in the economy with respect to exchange rate. doesn't that tell you that we have a fiscal problem?

naijaboy756:
Oga dollar was used to import those products before now right?

So since October, we did not need that! Dollar was saved as FX or let’s say that the pressure that amount of dollars was supposed to exert was taken off and it ought to have an immediate impact on the value of the Naira right ?

Yesterday Naira crashed further to over N1,700

Are you an APC supporter? Let me know how to package the insult

It should be obvious to you that the Psyco is a APC buffoon. Always looking for an avenue for call out Peter Obi

ALTERNATEID:
There is a reason the world bank guy said we should stay true to the ongoing reform for at least 15 years.

You guys simplify our economic challenges by thinking just two weeks of decline in PMS import will automatically result in Naira stability. It’s not that quick and easy. We need to remain consistent for at least a year before we can start counting the impact of the forex savings on our local currency. There is no shortcut to any of these things. It takes time and consistency for result to start showing.

Guy how much were you paid to spread this propaganda? Dangote refinery can never solve the Dollar issue, as he will still benchmark his price against international gasoline price. Quit lying to yourself and deceiving others here.

gare:
Its people like you that should be allowed to speak on the forum not those dull headed supporters that have nothing upstairs.

The guy self is a dull headed supporter, only using good command of English to say nonsense.

lailo:
You lots lack political intelligence. How would he get there if he didn't support him, let alone to have opportunity to even begin any reform in the first place? Destroying PDP, removing Jonathan and installing Buhari were the Tinubu's surerest strategies to get to presidency and it is all good for Nigeria. Nigeria is on course. Baba wa Tinubu, ride on.

How was it all good for Nigeria? Floating currency without any shock absorbers in place for the economy, Abrupt removal of petrol subsidies without planning. Running a large government without any savings. Still borrowing at a larger scale. Oga you guys should stop being stupid.

alanto:
Good luck trying to savage an Obidient.

They don't care about common sense. They just want to country to tank so bad so they can say that they told you so.

Oga nobody wants the country to tank. it is you guys that are using lies and propaganda to mask the obvious disasterous choices this government has made. Go and see how Multinationals are leaving Nigeria and the few left are divesting and reducing their exposure to the country. Nigerians have lost more than half of their purchasing power in under one year, something that Buhari couldn't do in 8 years.
Leave propaganda and lies so that you will not receive curses on yourself.

Topman7:
Honestly you have time.

These Obidients KNOW the effects will take time to come through.

But they don’t care.

They just want to attack the govt and Tinubu because that’s what makes them sleep at night.

But the same you guys antagonised Jonathan when he removed subsidy and you didn't allow him to allow it take time. See what kills a man is obvious lies that is what you people are doing and the curses of people will follow you guys to the grave.
This government has made obvious wrong moves and has crashed the pruchasing power of Nigerians in under one year. Something that Buhari could not in 8years. He has made Buhari look like a genius

ttmax09:
Naira still crashing is intentional by the government, the money they sharing at FAAC monthly is the exchange rate differentials gain.

you know the game very well. Then they will tell you increased allocation is due to subsidy removal.

naijaboy756:
Oga dollar was used to import those products before now right?

So since October, we did not need that! Dollar was saved as FX or let’s say that the pressure that amount of dollars was supposed to exert was taken off and it ought to have an immediate impact on the value of the Naira right ?

Yesterday Naira crashed further to over N1,700

Are you an APC supporter? Let me know how to package the insult

Dangote refinery cannot save naira until he starts exporting when at full capacity. This is because Nigeria gives Dangote crude that would have otherwise been exported.

humility33:
I don't understand because the refinery was supposed to lessen the pressure on the naira at least we are supposed to see the effect even the claim trade surplus by the FG last month is of no effect on the naira

But you forgot to ask about the crude oil Dangote is getting. Isn’t that also crude that we are no longer exporting for dollars?

samwheel:
Forget boss, dangote is a crook with no good intentions aside greed.


If you ask him why his petrol is expensive, he might say cost of production, if u check well, he might be that he's making excess profit per liter.

After all, it's a monopoly, no competition for now and importation is costly due to our weak currency.


If T-pain could stabilize and peg the naira at 1k, I'd prefer we keep importing than allow dangote be our sole refiner of fuel,

Look at his cement, on the high side, when he even sells lower to other African nations coz those govt are proactive.


That man eh, God have mercy

Everytime cement , monopoly...this n that.
Wat stopped ur govt frm owning part of d refinery shares as was initially offered?
Wat stopped ur govt frm building their own?
Who or wat stopped other Nigerians frm building refinery?
If u like import frm now till tomorrow maybe u go sell at loss...dangote remains cheaper than imported one n his fuel is more quality that d garbage being imported.
Wat we need is subsidy or cheaper crude

Goodnews

naijaboy756:
And Naira is still crashing against the dollar.. What is the effect of the FX not used for importation?

Demonic government in power

At the bolded, I think the positive effects will take some time to materialize.

bdon123:
Everytime cement , monopoly...this n that.
Wat stopped ur govt frm owning part of d refinery shares as was initially offered?
Wat stopped ur govt frm building their own?
Who or wat stopped other Nigerians frm building refinery?
If u like import frm now till tomorrow maybe u go sell at loss...dangote remains cheaper than imported one n his fuel is more quality that d garbage being imported.
Wat we need is subsidy or cheaper crude

Dey play, u think dangote have you in mind


Someone that was clamouring for complete removal of subsidy so that the fuel will go around #1,500 per liter.


You think his price will remain constant if no competition enters the market?

Be ready to buy fuel over 3k/liter before 2027 if dangote remains the sole refiner.

Our govt is useless and will self sabotage the building of our own refinery.


Importation self won't help, Nigeria is in a mess and na poor Nigerians go suffer for it

ALTERNATEID:
Buhari did not implement any reform. He continued with the wasteful pattern of previous administration and even took it to another level.

Tinubu has departed from that wasteful pattern of spending all we earn plus loans to subsidies PMS and keep the exchange rate low. We are now on a new course and we need to remain consistent to it if we want to see result.

their brain is too small to understand this kind of analysis so don't waste your time. Bitter obi and his dull supporters don't use their thinking faculty

ALTERNATEID:
There is a reason the world bank guy said we should stay true to the ongoing reform for at least 15 years.

You guys simplify our economic challenges by thinking just two weeks of decline in PMS import will automatically result in Naira stability. It’s not that quick and easy. We need to remain consistent for at least a year before we can start counting the impact of the forex savings on our local currency. There is no shortcut to any of these things. It takes time and consistency for result to start showing.

True talk. The problem did not start in one day therefore the solution will not stop it in one day. If it does, then there wasn't any problem before. It's like sleeping with an HIV patient. If there's a drug that can cure HIV in one day then HIV is not a problem.

Namaster:
It's nice to finally put a face to the SCOURGE of Nigerians.

And it's DANGOTE and his GREEDY partners.

A NEWLY operational refinery has taken over the supply of 1 MILLION of the 1.3 Million barrels that Nigeria needs.

That's MORE than 75% of the Nigerian Petroleum supply being handled by Dangote.

That's a MONOPOLY!

Or near enough rhat it makes no difference.

Every problem the refinery is supposed to SOLVE has been EXACERBATED.

Dangote pays Naira for crude oil YET the Naira continues to PLUMMET.

He cut out the MIDDLEMAN (NNPCL) and instead of price reduction, he JERKED UP the price.

The transportation savings from NOT having to pay the shipping fees of importing refined petroleum products is NOT passed to customers.

Dangote and his ELITE backers are taking advantage of Tinubu's shitty policies to DESTROY Nigeria.

Okay, at the end, the Nigerian people told GEJ to reverse his sensible decision to remove subsidy in 2012

Had GEJ proceeded on subsidy removal as planned, the over 60 licences for refineries would have started work because now it would be profitable to refine fuel at home

Most of us said no back then. That meat that only folks like dangote could afford the loans needed to build a mega refinery, because if he failed in payments, the banks would have taken over his other lucrative businesses a d assets via amcon and paid themselves.

That is why we have dangote monopoly today.

And anyway, if you were refining petrol, you go sell am at 40 naira per liter? That is what Venezuela has been doing for decades, and their refineries worse pass Nigeria

ALTERNATEID:
There is a reason the world bank guy said we should stay true to the ongoing reform for at least 15 years.

You guys simplify our economic challenges by thinking just two weeks of decline in PMS import will automatically result in Naira stability. It’s not that quick and easy. We need to remain consistent for at least a year before we can start counting the impact of the forex savings on our local currency. There is no shortcut to any of these things. It takes time and consistency for result to start showing.

You are right, but your man is still doing nada about corruption. Plus there are other reforms needed for our economy, plus we should stop focusing on oyel

nairalanda1:
You are right, but your man is still doing nada about corruption. Plus there are other reforms needed for our economy, plus we should stop focusing on oyel

I agree with you completely. The administration can do better in managing the reforms.

Fighting corruption is another thing entirely. It’s one problem I can’t figure out how we will get out of it. It is too endemic. We just have to find a way to improve the economy despite the corruption. It can’t be eradicated.

naijaboy756:
Oga dollar was used to import those products before now right?

So since October, we did not need that! Dollar was saved as FX or let’s say that the pressure that amount of dollars was supposed to exert was taken off and it ought to have an immediate impact on the value of the Naira right ?

Yesterday Naira crashed further to over N1,700

Are you an APC supporter? Let me know how to package the insult

The fact that we don't import refined oil again will not bring it back in as much as Dangote is importing crude oil(this is the result of our oil-debt swap and cannot supply Dangote most of the crude oil needed for production)....so even though import of refined oil was cut, increase in crude oil import is the new devil to deal with.....

Namaster:
It's nice to finally put a face to the SCOURGE of Nigerians.

And it's DANGOTE and his GREEDY partners.

A NEWLY operational refinery has taken over the supply of 1 MILLION of the 1.3 Million barrels that Nigeria needs.

That's MORE than 75% of the Nigerian Petroleum supply being handled by Dangote.

That's a MONOPOLY!

Or near enough rhat it makes no difference.

Every problem the refinery is supposed to SOLVE has been EXACERBATED.

Dangote pays Naira for crude oil YET the Naira continues to PLUMMET.

He cut out the MIDDLEMAN (NNPCL) and instead of price reduction, he JERKED UP the price.

The transportation savings from NOT having to pay the shipping fees of importing refined petroleum products is NOT passed to customers.

Dangote and his ELITE backers are taking advantage of Tinubu's shitty policies to DESTROY Nigeria.

Would you have preferred the status quo? The western economies will not be happy about this. The product is produced here using Nigerian labour. The byproducts will become raw material for Nigerian companies.

The performance of dangote refinery will encourage other entrants with consequent multiplier effect.

Why are you people very narrow because of hatred. This is a major base for industrial development.