₦airaland Forum

AutoManual:
I still think it's too late for mega refinary project.

Combustion engine is on the last stage of it peak. No world billionaires will build a mega refinary at this time as they consider future and long time projects.

In the next 20-30 years combustion engine will likely phase out in developed world. In places like China recharge cars, scooter, truck and bike has already taking over.

In Nigeria for example we don't buy new cars, instead we buy used cars from develop world. What this means is whatever they use is what we buy

If they complete stop combustion engine and move to electric it only means on the next 5 to 10 years those cars will end up here. So there is no future in oil.

Dangote should think about making engine oil and other products in other to recoup money wasted on that refinary on time.
And it has reduced their use of crude oil.

Dangote didn't think about

Next 5-10years Electric Cars in Nigeria? Do you have Electricity to charge them
Oga, leave matter for Mathias, you are not smarter than Dangote.
How many MaH of Batteries do you think will power the 'Heavy Equipment' that are the Bedrock of industrialization?
Even in 100years, A Petroleum Refinery will still be useful

Firerising:
He is just all about himself.

it appears

Firerising:
He is just all about himself.

Not true

God1000:
https://www.bloomberg.com/news/articles/2024-10-17/dangote-s-wealth-jumps-15-billion-on-monster-nigeria-oil-project?

why won't it double when we are paying for fuel through our noses

God1000:
https://www.bloomberg.com/news/articles/2024-10-17/dangote-s-wealth-jumps-15-billion-on-monster-nigeria-oil-project?

You can bet a certain big-eyed, longathroat Yeruba man has already insisted on partnering with him!

Firerising:
He is just all about himself.

and so?

AutoManual:
I still think it's too late for mega refinary project.

Combustion engine is on the last stage of it peak. No world billionaires will build a mega refinary at this time as they consider future and long time projects.

In the next 20-30 years combustion engine will likely phase out in developed world. In places like China recharge cars, scooter, truck and bike has already taking over.

In Nigeria for example we don't buy new cars, instead we buy used cars from develop world. What this means is whatever they use is what we buy

If they complete stop combustion engine and move to electric it only means on the next 5 to 10 years those cars will end up here. So there is no future in oil.

Dangote should think about making engine oil and other products in other to recoup money wasted on that refinary on time.
And it has reduced their use of crude oil.

Dangote didn't think about

Petrol is not the only refinery products

AutoManual:
I still think it's too late for mega refinary project.

Combustion engine is on the last stage of it peak. No world billionaires will build a mega refinary at this time as they consider future and long time projects.

In the next 20-30 years combustion engine will likely phase out in developed world. In places like China recharge cars, scooter, truck and bike has already taking over.

In Nigeria for example we don't buy new cars, instead we buy used cars from develop world. What this means is whatever they use is what we buy

If they complete stop combustion engine and move to electric it only means on the next 5 to 10 years those cars will end up here. So there is no future in oil.

Dangote should think about making engine oil and other products in other to recoup money wasted on that refinary on time.
And it has reduced their use of crude oil.

Dangote didn't think about

Combustion engines are still gonna be relevant for the next 100 years at least

Salubata:


Why is FG and Dangote not publicly declaring the barrel of oil being supplied to the refinery

Nigerians are not happy.
It's not a crime we voted Tinubu

FG has publicly declared several times.


https://www.google.com/amp/s/www.vanguardngr.com/2024/10/fg-allocates-48-6m-barrels-of-crude-to-dangote-refinery-in-10-months/amp/



Its every where in the news.

TELL DANGOTE TO TELL US HOW MUCH IS A LITRE OF PETROL FROM HIS REFINERY

He is still a poor man compare to his fellow billionaire in the world. While others are in $200B to $800B in their hard earned money, Dangote is still in $20'sB with all the monopolies and savings from criminal politicians in Nigeria.

BigDawsNet:
His my uncle

success has many relatives

amazingspiderma:
A refinery opens up a lot of industries such as
1. Plastics industries - PVCs, Polyethylene etc.
2. Gas industries - Gas from. petroleum
3. Agricultural industries - Fertilizer manufacturing
5. Utilities - Water, Power to communities.
6. Skills and experience - Engineers, technicians, Accountant, Risk and Insurance, Environmental Scientist.
7. Education - Most big industries like refineries provide schools because of the size of workers and their household.
8. Corporate Social Responsibility - like scholarship schemes, health centers etc.

A refinery has the potential to build lives and creat wealth in enormous ways.

When Nigeria built it refineries, it set it sights on steel as the next phase of it development.

That is how a country is build, by developing it's resources through it's people for the benefit of it's people.


The fall of the NNPC was the greatest tragedy Nigeria ever encountered.

The fall of NNPC was all applauded by all of us when the PIB bill was signed in to all.The PIB Deregulated the sector and remove the fuel subsidy

NinjaMetahuman:
Double the wealth seems kind of understated.

If dangote is an American, they would have over inflated his networth figure with bogus numbers by now 😂

So true...and it's Forbes that does that the most, Bloomberg is a little more believable. I used to respect Forbes list till I watched the interview of the guy that puts the lists together...the guy seemed so uninformed of the businesses of the people he was ranking. It's almost like some of these billionaires tip the people at Forbes to over inflate their net worth.

The conspiracy of the poor against the rich brings more poverty while the conspiracy of the rich against the poor brings more riches.The poor should rather find out the secrets the rich are using that they are not using

malali:
[b][/b]

Would you blame him?Dangote is a businessan through and through.

The richest black man in the world that has his main and only business in one of the poorest poverty capital of the world

The irony

The rocafellers, the Elon musks, bill gates, etc those are the only ones worthy of being hailed as great entrepreneurs.

They made money in a sound and level playing field

Dangote deserves to be in jail

If dangote was Chinese he would have been executed by now

A man that simply improverised a whole country by single handedly monopolising industries the citizens of that country need

Imagine an individual having the only functioning refinery that the whole 200 million naira need to function .

God1000:
Congrats to him, he's our Elon musk


But the fact that Nigerians cannot afford to buy his petroleum products isn't good

That's how richest people are made na

Miramonica:
My uncle and mentor is doing well, I love that.

Haahaa U dey deny Ur uncle, he's somewhere in the village right now his name is Pa Ajala Adepoju Botito

AutoManual:
I still think it's too late for mega refinary project.

Combustion engine is on the last stage of it peak. No world billionaires will build a mega refinary at this time as they consider future and long time projects.

In the next 20-30 years combustion engine will likely phase out in developed world. In places like China recharge cars, scooter, truck and bike has already taking over.

In Nigeria for example we don't buy new cars, instead we buy used cars from develop world. What this means is whatever they use is what we buy

If they complete stop combustion engine and move to electric it only means on the next 5 to 10 years those cars will end up here. So there is no future in oil.

Dangote should think about making engine oil and other products in other to recoup money wasted on that refinary on time.
And it has reduced their use of crude oil.

Dangote didn't think about

yeah fossil fuels are been phased out. 20 years is too long. Thing is Dangote is already old so he has nothing to lose.

Emu4life:
I tell you. They would have added audio shares to his Company. The American Company would have been comparing his 'New Oil Dynasty ' to ARAMCO.
Bunch of clowns

a billionaire that operates in the whole of Africa sef can't be compared to a billionaire operations just in the United States alone. What's the total GDP of Africa as a whole?? Africa's GDP as a whole is less than 4 trillion USD. The GDP of the United States is around 28 trillion USD

In this face of undeniable facts, Kobojunkie will still doubt that DRL has kickstart.
Na only God knows wetin him use create that guy

I saw this coming.. his wealth and net worth doubled at the expense of Nigerians.

Cement that used to be affordable when we were importing became very expensive when Dangote started producing locally.

The same thing has started with PMS.. what Nigerians were buying and prices of commodities reasonable before Dangote reninery, he built his refinery to start producing PMS, again the price of petrol has jumped to above #1,000 per litre still heading for #2,500 per litre courtsey of this greedy man called Dangote.

I don't know the kind of leaders we have that allow one man destroy the country's economy for his selfish gains.. Same Dangote engaged in FX fraud with CBN under Emefiele and noone is talking about it.

Cj4charles:
Why won't it double when he his the sole buyer of Nigeria, he's now determines our suffering. If he chooses to sell petroleum at N2000, no other refinery will sell below that not even NNPC.... Shame

That's not how it works, if he inflates his price above normal, people will import fuel

kay29000:
So true...and it's Forbes that does that the most, Bloomberg is a little more believable. I used to respect Forbes list till I watched the interview of the guy that puts the lists together...the guy seemed so uninformed of the businesses of the people he was ranking. It's almost like some of these billionaires tip the people at Forbes to over inflate their net worth.

Forbes is the shittiest.

One ediot on the blog will just be like, oh that guy, he created an imaginary drug that makes you dance makosa well.

Now he is worth 300 gazillion dollars.

diamond68:
real billionaire . not onyema with his 14 million dollars net worth

Onyeama is not worth anything.
He is just an errand boy to Jonathan and Kuku.

He was a pauper and a failed lawyer before GEJ came to power.

Quelme:
Capitalist

We need more capitalist in Nigeria who will retain Nigerian wealth in Nigeria rather than those stealing our monies and sending them to develop the western world.

BigDawsNet:
His my uncle

sure He is!!!!!

Emu4life:
I tell you. They would have added audio shares to his Company. The American Company would have been comparing his 'New Oil Dynasty ' to ARAMCO.
Bunch of clowns

like they will tell us apple is worth 4 trillion dollars.

4 trillion dollars is more than The entire of Gdp of Africa and half of Europe.


Then you start wondering how the fvck a company that is only popular in America and few other countries worth that kind of money?

Very funny people.

SoftP:
Dangote’s business monopoly has never favored the poor’

The price of fuel will soon merge up the price of his cement!
Smart business man though

Why don't you make your business to favour the poor?

Go and farm yam, after harvesting, go sell them for 500naira so the poor can be happy and be able to afford it

redcliff:
Elon musk makes things that benefit his economy. What doesdangote do yo benefit nigeria ecinomy?

Every single factory he has in Nigeria is a great benefactor to Nigeria, thesame with Elon mush

Teenaira:
We need more capitalist in Nigeria who will retain Nigerian wealth in Nigeria rather than those stealing our monies and sending them to develop the western world.

Fact!!!

Capitalism is what brought about immense development of western countries