₦airaland Forum

I don't think there is any man as cruel as Dangote in Nigeria.. the man is just too greedy for my liking.
When I first read the PIA, I knew instantly the Northerners in the Petroleum Ministry were planning to hand over the downstream petroleum sector in Nigeria to Dangote, part of the reasons they won't allow our State owned refineries to function. I don't know why Southerners in Federal are just fvcking docile, is it that you people's education is substandard or what??.
The Dangote man wants Monopoly of every sector in Nigeria which is very very wrong.
This is the worst businessman to ever come out of Africa.. It's obvious his wealth is questionable.

Just take a look around the country, how many Southerners do you see being pampered and pushed like Dangote?.. Nigerians don't know that over 85% of FG concessions are going to this Dangote alone, the records are there in Ministry of Finance, yet he comes out publicly to lie that he didn't get any support from FG.

Now I've been vindicated on some of my posts here.. companies in Free Zones don't pay taxes to either FG, State or Local Govt. because they are considered as technically "not within Nigerian Customs territory".

If NMDPRA wants to finish Dangote completely, they should impose import duty and levy on all his refined petroleum products, let's see who will go out of business.. Very evil man that derives joy in impoverishing Nigerians for his selfish gains.

Whoever is the judge of the Federal High Court should throw out Dangote's suit as it lacks merit or substance.. Nigerians deserve fair pricing, Nigerians have right to life and Dangote can't take that right away from us by selling delicate products such as Cement, PMS etc. at exorbitant prices. He should export his PMS, AGO etc. to other countries, we don't need them.. we don't mind importing our petroleum products from saner climes with sane producers till we finally get it right and have our own refineries working.

We say a big NO to Monopoly!

At the end, it's Nigerians that will suffer whatever agreement the both parties comes to. They have captured Nigerians.

My brother, you can think wide and reason beyond this guy's

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[/quote]

Afrowits:
Dangote just want to monopolize the downstream of the Petroleum sector, this is not good for the Nigeria petroleum downstream sector. I also see this as very greedy too.

Monopolise a product no one else is producing? Shebi the government say Port Harcourt refinery go begin operating this year, abi the billions spent on rehabilitation don waste?

So it is good for Nigeria to continue to spend billions of dollars importing refined petroleum products? Shebi una talk say dollar go come down after we start producing them locally? E be like say una dey enjoy am as dollar done pass N1700.

Bladdy monopolist banzas.....that was how that bomboclaat buhari closed all borders to all Nigerians but opened same only for this dangote and bua...as if they are public servants!

Nedumadrid:
Why is Dangote scared of imported fuel?
Is the imported fuel cheaper than his?

Does he think fuel is cement.
Monopoly kills competition and innovation.

If he is smart enough he should make his fuel cheaper so that does who import will be at loss.

Not when the referees are playing against you. The both parties will come to a compromise, and Nigerians will be the ones to pay for the settlement fees.

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

Let me educate you. The current problem we are facing today is because of dangote...the singular practice of emefiele given 80% of Nigeria's forex under the official rate to ONLY dangote between 2020 and 2023 all in the name of building refinery was the error of the century...

When these forex is given to him, he used them for importing raw material for his other products and after manufacturing, he exported those products to other countries...so Nigeria was losing woto woto...and to make it worse, dongote does not receive foreign currency for the sales of his exported products...he uses the money to buy extra raw material especially from Brasil...

In summary, they will dash him all the forex, he will import raw materials for others of his products, when he manufactured them, instead of exporting and Nigeria getting forex in return, he will say " don't pay me, just give me raw materials with the money" ... don't forget he is not the only one exporting, others who exported will bring forex in return for the country and mumy emefiele will still dash dangote again...

Do you also know that during buhari, most manufacturers get their forex to import raw materials from black markets ? and emefiele was busy giving dangote below official rate

Baba no let Nigerians remember you o. E be like say you no like your investments. Do well o!!!!

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

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.

So you want Dangote to monolise the oil sector just as he monopolize, Rise , Sugar flour cement etc

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

Abi this one dey mad ni.

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're right. Dangote is a very greedy and self centered businessman.

Dangote is obviously a thief .

They should legalize boys to refine oil and you will see the price crash like pure water.

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.

You never know how far. You go pay through your nose serving Dangote, the capitalist

Y. Chop alone, die alone

Hmmmmm2024:
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 ?

I am very satisfied. Brilliant definition.

Now mention one product that Dangote has monopolized.

Nigeria is cursed mehn!

wirinet:
■ Monopolise a product no one else is producing? Shebi the government say Port Harcourt refinery go begin operating this year, abi the billions spent on rehabilitation don waste?
So it is good for Nigeria to continue to spend billions of dollars importing refined petroleum products? Shebi una talk say dollar go come down after we start producing them locally? E be like say una dey enjoy am as dollar done pass N1700.

The fact that no other local companies produce the same product meaning there is no local competition is an even greater argument against this attempt by Dangote as this is all about one producer — one man in a nation of over 220 million Nigerians.

Why...

This man thought he owns Nigeria..
Only dangote fuel can't serve Nigerians, is he blind to see this

Which kain nonsense drama be this?

Krankhead:
So you want Dangote to monolise the oil sector just as he monopolize, Rise , Sugar flour cement etc

No i want NNPCL to monopolize it .

TheAlchemist:
Hmmm

The figures out there. Shipping costs is less than 4% of the cost of finished PMS.

Last time I checked, a year ago, for petrol worth $29m, freight cost was around $700k

It's dangerous to monopolize that sector for again for Dangote. He might start producing substandard product at exorbitant prices without checks.

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.

If you support Dangote on this, it means you are amongst the unfortunate-majority that Dangote has succeeded to deceive.


See, if Dangote is sincere with the price he placed for his product, these other importers would die a natural death.
They wdnt even stand a chance as a competitor to Dangote.

How can people who are using Vessels to ship and also buy their fuel from overseas with Dollars oooo, be a competitor to Dangote.

See, Dangote fuel shouldnt be selling more than 600naira per litre for a start.


Then after some years, with other indigenous refineries, the price should come crash.

Just like what's happened to phones and charges to make phone calls and access to internet.

This dangote that many people support.... I have never heard him call out the government on any bad policies.
But now that he's in a fix he's running here and there for help from the masses

sulaak:
So, Nigeria must continue importing?

Dangote refinery is causing emotional damage to Nigerians,.. and untold Hardship..

Tell me one good thing Nigerian populace has benefited from dangote productions since inception...

Only few individuals benefits from the wealth of this factories ..

We pay double to buy Dangotes products... From cement, Sugar and now gasoline...

Let him take all his amassed wealth to heaven after is last breath on earth...

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.

you guys always thoughting and believe in every lie from the government as your brains are not working some of said it that this would happen , people like you poured insult on us, now you have realised it but is late already

Holuwathoby:
It's dangerous to monopolize that sector for again for Dangote. He might start producing substandard product at exorbitant prices without checks.

All his products are substandard.. the NMDPRA Chief attacked Dangote because he has priviledged information that others don't have.
The man Dangote ought to be blacklisted by the FG.. over 95% of those working and managing his refinery are Indians. No local content, no jobs for Nigerians, yet he will be looking for ways to cheat the system.

How I wish the Minister of Interior can revisit the expatriate tax and expose people like Dangote. Only one man packed foreigners into Nigeria to be working in his company, what can never happen in India or any saner clime.

Wetin be your problem again, dangote?

wirinet:
Monopolise a product no one else is producing? Shebi the government say Port Harcourt refinery go begin operating this year, abi the billions spent on rehabilitation don waste?

So it is good for Nigeria to continue to spend billions of dollars importing refined petroleum products? Shebi una talk say dollar go come down after we start producing them locally? E be like say una dey enjoy am as dollar done pass N1700.

Don't believe everything that the government says. We all want the dollar to come down against the Naira, but some marketers have been saying that the the imported petrol is a bit cheaper than that of the one produce by Dangote. So many people don't know who is saying the truth between Dangote and the government. We just want all thier policies to favor the masses that's all.

It's a shame that some people don't understand basic economics.

There is a huge difference between fighting Dangote's monopoly and Dangote's company.

There are both government and private refinery in Nigeria, all the government has to do is to bring them onboard. That way you have fought Dangote's monopoly.

Importing fuel and making Dangote's refinery look ineffective and non functional like the other existing refinery we have, is the government fighting Dangote's company.

And before you accuse Dangote of being a monopolist, ask yourself, which business in this world won't want that privilege or likes competition.

It is the work of the government to make sure monopoly doesn't happen and both small/big companies enjoy a level playing field.

And considering that Dangote's refinery is the only functional refinery currently, I don't think he is enjoying any level playing field.

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

I guess this Dangote is a cultist

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

My thoughts exactly. Why does he want to force them to buy from him at the price he is selling?