₦airaland Forum

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

You think Dangote didn't know all these before going into refinery business?

If those reasons were reasonable he would not have set up the refinery.

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

did elon musk build his business for the poor

adonainana:
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 .

What had stopped anybody from building refinery for over 30years of no refinery in Nigeria 🤡🤡

Pootle:
did elon musk build his business for the poor

Do you mind them

Like literally, none of Elon Musk product is cheap, even for americans

slimthugchimee2:
Every single factory he has in Nigeria is a great benefactor to Nigeria, thesame with Elon mush

How so?

flokii:
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.

Carry your frustration commot here.
People from your cursed land are known for bitterness and envy.

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

I don't know what is wrong with some of you on this Nairaland. You just wake up in the morning with this your negative comparison.

What brought about this?

Are you not a Nigerian, why not compare them with yourself?

wealth doubles but he can't supply fuel to his own country and state his free market price?

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

Did anyone prevent your father from establishing a refinery and cement factory?

You and your blodas have been depressed since that refinery took off successfully.
It is bitterness and envy that make you people not to live long in that cursed region.

redcliff:
How so?

If I build a million dollar factory in a village worth only 1000 dollars

Employment(directly and indirectly)
Improved economic activities
Improved revenue for the state(taxes)
Money stays in the economy
And so much more

We need more capitalists like Dangote in the country

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Bigboytinz:
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

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


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

To bad that after coming of the refinery, price is still has high as it is now. Tinubu didn't show leadership about the refinery PMS price and Dangote didn't also tell Nigerian's how much he his selling. Nothing really changed.

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

You see this analysis you made; I'm a hundred percent sure the hoard of ivy league economist and market analysts at his disposal also know this and they continued anyway. Dangote, at his level doesn't need to think much. He just manages his thinkers.

What you don't get is... as the ICE cars are been phased away; where are they been sent to? You got it right. Africa as a continent still has decades to use ICE... I'm sure as the decades passes, Dangote will also move with the trend. Electric cars have come and are here to stay quite true but the time it will take for each region to assimulate the tech is quite different... then there are industries that still run on ICE gens. I'm sure you know that renewable power isn't exactly very viable for industries yet, unless they wanna make it custom made for their plants...

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

Na our monee

Betanaija42moro:
I don't know what is wrong with some of you on this Nairaland. You just wake up in the morning with this your negative comparison.

What brought about this?

Are you not a Nigerian, why not compare them with yourself?

lol the origin of this is one guy who was vehemently arguing with me that onyema is a billionaire in dollars that he is worth 3 billion dollars. Only to find out yesterday after the USA chase down all his global assets and bank accounts that he is worth 14 million dollars. That’s the origin lol

Quelme:
Capitalist

Capitalism is not entirely bad.
What is bad is when a government totally abandons or ignores critical policies that cater for the welfare and needs of the people.
Capitalism with good blend of welfare economics yields better results.

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


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

he's not close
Elon is an innovator, per excellence Engineer, a geek, and a simple guy....
Dangote is feeding off our mumuism.....

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

BUA cement sells for N3,500.

Did anyone force you to buy Dangote cement?

Firerising:
He is just all about himself.

[color=#006600][/color]

Did you considered him when you were paid salary in your place of hustle!

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

oil is here to stay you think sey na everything electric go power, combustion engines will still be here there's no end for it

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

You really made a very beautiful point. This Nigerian politicians and business men like Dangote fail to realize that in the next 10 years their so called oil will be obsolete.

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

I think you're not looking at this well.
Most cars Nigerians buy are maybe 2015 models max. In fact, we're still using 2003 corolla, just to tell you that we will still have an influx of plenty petrol cars for the next 30 years sef.
At the end of the day, petrol cars will be phased out sha and he'll probably have made his profits.

BigDawsNet:
His my uncle

hahaha hehehe hohoho 😂

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

your point would make sense if cars were the only engines using Fuel/Oil/diesel......even if all cars world wide go electric it's effect in the Oil industry would be less than 25%......

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

you are sorely mistaken, fossil fuels aren't going nowhere in a long while, the other derivatives from the crude refining alone is humongous

georgeakins:
You think Dangote didn't know all these before going into refinery business?

If those reasons were reasonable he would not have set up the refinery.

Dangote had planned this since 2007 when he bought the refineries that was later revoked by Yar'Adua. So it's like let me just fulfill this old ambition. How many countries in the world do you see setting up these type of crude oil refineries now??

sweetjohn:
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.

Yes he is small compared to others, please tell us what your entire family generations is worth so that we can do a proper comparison, you don even see food chop this morning?

Firerising:
He is just all about himself.

..it's not like that... Dangote refinery is a private company which have to make profit...is through the profit Dangote will use to pay the workers ,staff working in the refinery their salaries, the running and maintenance and repairs of the refinery, to pay back the huge loans he collected from the banks in which he used to build the refinery..if he does not make profit he cannot do all of this things...and the refinery will shut down and it's same people criticizing him of greediness and selfishness that will be laughing at him that his refinery has shut down
And it's the high exchange rate..…1700 naira to a dollar that is causing the high costs of fuel..if the exchange rate is like from 1000 naira gradually down to 400 naira to a dollar the price of fuel will reduce and come down

georgeakins:
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.

absolutely correct 💯

NinjaMetahuman:
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.

lol

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

Build ur own...his not ur government

Big Congratulations to Dangote!!!