₦airaland Forum

tunwumi:
If Dangote is not a dubious business this foreign fuel importer should die a natural death.

DRL is not paying transportation cost like this company. They shouldn't be able to operate if DRL is not thinking as a monopolists

You said it all. I have been one of Dangote Refinery Limited’s most ardent supporter.

However, to want to be a monopolist by force and also refuse to be transparent with the pricing model for a commodity that impacts the daily life of the citizens, is beyond evil.

May it not be well with any judge that grants such protectionist injunction to Dangote and may it not be well with NNPC/NMDPRA if they submit to Dangote’s attempt to subjugate the economy to protect his interests alone!

CodeTemplarr:
Lol. I am with Dangote on this. You cannot import and regulate your rivals while grounding the local refineries. These idiotic fellas representing the state, they dont care about the state welfare and are ready to crash the whole system just to become 'something' in life.

Well said

Those companies are importing dirty fuel into Nigeria and taking out the country's limited FX. If you want to compete with Dangote build your refinery and compete

BUA Group has a 200k refinery coming onstream next year.

NNPCL has 450k refinery capacity; why ae they not working

Nigeria also has 200k module refineries across the south of the country.

Dangote has invested over $30 billion into the country to support local production. Yet, the useless NNPCL is still importing fuel despite spending $4 billion to repair the PH, Warri, and Kaduna Refineries.

Why will anyone invest in this country

Dangote has clearly lost it, dude wants to monopolize petroleum products, e no go work oga, forget this your yeye court case

I don't know what the problem of NNPC and dangote is, but am sure none have the interest of Nigerian at heart.

If dangote PMS can't be considerably lesser than imported PMS, then let's import.

See the useless dangote refinery everyone was expecting to come and solve Nigerian problems instead na more wahala e dey bring.

Make dangote getout

oz4real83:
Any business that has competition, Dangote can't survive such business, that was why dangote yoghurt, dangote noodles are no more, he will always do everything to monopolize a business

Why can't NNPC fix their refinery and compete with dangote. Why can't others build their own refineries and compete with dangote. They will not. They only want buying and selling.

airsaylongcome:
Not holding court for DRL, but have you researched the logistics cost that a lot of people "exalt" like it's a major contributor to the cost of fuel import. It's almost inconsequential if you see the figures

Hmmm

ivandrag0n:
You said it all. I have been one of Dangote Refinery Limited’s most ardent supporter.

However, to want to be a monopolist by force and also refuse to be transparent with the pricing model for a commodity that impacts the daily life of the citizens, is beyond evil.

May it not be well with any judge that grants such protectionist injunction to Dangote and may it not be well with NNPC/NMDPRA if they submit to Dangote’s attempt to subjugate the economy to protect his interests alone!

Where is the monopoly? Instead of attacking Dangote attack, NNPCL has invested $4 billion in repairing four refineries that are not working.

BUA Group has a 200k refinery coming onstream next year.

NNPCL has 450k refinery capacity; why ae they not working

Nigeria also has 200k module refineries across the south of the country.

Dangote has invested over $30 billion into the country to support local production. Yet, the useless NNPCL is still importing fuel despite spending $4 billion to repair the PH, Warri, and Kaduna Refineries.

Why will anyone invest in this country?

Didn't bother to read the long epistle cos Nigeria problems are complex.

Let's brace up sha that's my advise to the Nigerians

tunjijones:
I don't know what the problem of NNPC and dangote is, but am sure none have the interest of Nigerian at heart.

If dangote PMS can't be considerably lesser than imported PMS, then let's import.

See the useless dangote refinery everyone was expecting to come and solve Nigerian problems instead na more wahala e dey bring.

Make dangote getout

Nigeria's interest is that we refine Nigeria's crude oil locally and export refined oil and petrochemicals to the world

Kewtt:
Dangote cannot monopolize the Nigerian market. Impossible.

Where is the monopoly? Instead of attacking Dangote attack, NNPCL has invested $4 billion in repairing four refineries that are not working.

BUA Group has a 200k refinery coming onstream next year.

NNPCL has 450k refinery capacity; why ae they not working

Nigeria also has 200k module refineries across the south of the country.

Dangote has invested over $30 billion into the country to support local production. Yet, the useless NNPCL is still importing fuel despite spending $4 billion to repair the PH, Warri, and Kaduna Refineries.

Why will anyone invest in this country?

Ride on

what did he mean by telling court to void petroleum importer license ?

so that he can show Nigerians premium shege and monopolize as he did on other commodities.

fg should not listen to this selfish greedy monopolistic business man.

E should export na

Eteka1:
Most of you shouting monopoly don't understand the implications of continuing importation of petroleum products.

40% of the pressure on forex in Nigeria is for the importation of refined petroleum products

- Dangote currently refines enough products to meet domestic consumption and to spare.

- If Nigeria stops imports of refined petroleum products, the pressure on our forex will be reduced by as much as 40% leading to the massive appreciation of the Naira.

- A barrel of crude oil currently sells for about $80 per barrel. With the exchange rate hovering around N1,700 to a Dollar. When pressure is reduced on our forex as a result of an end to imports of refined products, the Naira can appreciate to about N1000 to a USD. That means refineries in Nigeria will need less Naira to buy each barrel of Crude oil. This will lead to a drop in pump prices and inflation.

- by continuing to issue licences to import refined petroleum products, NNPC is killing our economy.

This nonsense has to stop

God Bless you.

It is not rocket science; it produces locally and encourages local competition. If Nigeria links its currency to locally produced PMS the Naira will appreciate as there will be demand for the Naira to buy PMS

CoronaVirusPro:
Define monopoly!

Only one (major) player in a sector and that's what dangote is known for

Oxtertee:
what did he mean by telling court to void petroleum importer license ?

so that he can show Nigerians premium shege and monopolize as he did on other commodities.

fg should not listen to this selfish greedy monopolistic business man.

Where is the monopoly? Instead of attacking Dangote attack, NNPCL has invested $4 billion in repairing four refineries that are not working.

BUA Group has a 200k refinery coming onstream next year.

NNPCL has 450k refinery capacity; why ae they not working

Nigeria also has 200k module refineries across the south of the country.

Dangote has invested over $30 billion into the country to support local production. Yet, the useless NNPCL is still importing fuel despite spending $4 billion to repair the PH, Warri, and Kaduna Refineries.

Why will anyone invest in this country?

TechCapon:
Something is definitely wrong with this dangote. The stupid refinery is causing pains to Nigerians already Nigeria consumes average of 80 million liters of fuel daily and you cannot meet the fuel demand alone. Now you want to stop importation of fuel so that we will be suffering long queues to buy your stupid expensive fuel.

I thought you were bragging that you can export your fuel if nobody wants to buy. Go ahead and export the fuel and let's buy the imported ones. He can only succeed in business through monopoly and is always fighting competition. Rubbish

Where is the monopoly? Instead of attacking Dangote attack, NNPCL has invested $4 billion in repairing four refineries that are not working.

BUA Group has a 200k refinery coming onstream next year.

NNPCL has 450k refinery capacity; why ae they not working

Nigeria also has 200k module refineries across the south of the country.

Dangote has invested over $30 billion into the country to support local production. Yet, the useless NNPCL is still importing fuel despite spending $4 billion to repair the PH, Warri, and Kaduna Refineries.

Why will anyone invest in this country?

fitinwell:
Importation just began ,.. Court should pls swing Dangote request out of the Window...

We will boycott your refinery that is already causing Pain, to Nigerians...

You can export your product to wherever country you choose...

You cannot hold Nigerians ransom ..

Wicked and greedy Nigerians ... Presenting themselves as State men...

So, Nigeria must continue importing?

What a shame.
What a pity.

Nah so

heed101:
When do Nigeria start running monopolistic economy? Dangote is one of our economic problems. We cant allow you to determine price of fuel for us as the fuel price is a great determinant of other economic factors.

I will be waiting for the verdict and see if the judge will mortgage our future.

Pls don't set ur expectations too high o. In fact expect the worst as our judges can mortgage even their lineage's future for a loaf of bread not to talk of a pot of porridge.

Borrow222:
I don't know if Dangote is for or against Nigerians.

You want a monopoly on almost everything, yet none of your products are within reach of the common man. Your cement is now terribly expensive, despite all the natural resources obtained within Nigeria.

The refinery, which we thought would solve all problems in the oil sector, is now causing unnecessary headaches and drama for Nigerians.

He is 100% against Nigerians

And when they accused you of monopoly, you ran to the media to cry for sympathy... stupid man... tinubu just started with you...the rubbish monopoly you have been enjoying from the time of Abacha is over

Eteka1:
Most of you shouting monopoly don't understand the implications of continuing importation of petroleum products. 40% of the pressure on forex in Nigeria is for the importation of refined petroleum products
- Dangote currently refines enough products to meet domestic consumption and to spare.
- If Nigeria stops imports of refined petroleum products, the pressure on our forex will be reduced by as much as 40% leading to the massive appreciation of the Naira.
- A barrel of crude oil currently sells for about $80 per barrel. With the exchange rate hovering around N1,700 to a Dollar. When pressure is reduced on our forex as a result of an end to imports of refined products, the Naira can appreciate to about N1000 to a USD. That means refineries in Nigeria will need less Naira to buy each barrel of Crude oil. This will lead to a drop in pump prices and inflation.
- by continuing to issue licences to import refined petroleum products, NNPC is killing our economy. This nonsense has to stop

It is these bullsheet excuses you lot give that need to stop abeg! 🙄🙄🙄🙄🙄

Dangote should allow them buy. How can something imported into Nigeria be cheaper than your (DRL) own that was shipped or taxed on entry. I go only support whoever sells 1ltr for #200

Dangote allow FG to dribble him around, fixing prices for him as if they are going to be great partners in business. Wetin de happen now

sulaak:
So, Nigeria must continue importing?

There is nothing wrong with importing fuel. It happens in most countries including European ones were Dangote claims he sends his products. They import, so why can't Nigeria import as well? What Nigeria needs is to push to open up non-oil industries. It's severe dependence on oil alone is what remains the issue even after over 40 years of realizing this.

Handing Dangote a monopoly will not help Nigeria in any way. It is only going to help Dangote's bottom line and this is to the detriment of the Nigerian people and market.

CoronaVirusPro:
Define monopoly!

A monopoly is a single seller or producer without direct competitors for its products or services due to its business practices.

In this case, thief dangote wants to be the only one selling petroleum products to Nigeria.

Are you satisfied ?

[ nothing concern me ..pls who as seen his or her own NECO examiner fee marking ..up till now I haven't seen my own ..since ladt month hv submited the script and results as come out ..but NECO refuse to pay examiners post=132530018]

https://nairametrics.com/2024/10/21/dangote-refinery-asks-court-to-void-import-licenses-of-nnpcl-matrix-and-four-others-in-n100-billion-case/[/quote]

Ahaaa! Mr monopoly don start....

Monopoly won’t work
Give us good reasonable prices
Or imports should continue