₦airaland Forum

skywalker240:
Actually it's the other way around

It's this your very delusion that Dangote is a knight in shining armor

justifyme:
if they don’t want monopoly let them fix our refineries or keep buying from Dangote!! How can you be importing what you can locally produce here and save cost

Olachase:
Old news

Normally Dangote no send us


Someone should please help me out, what does it mean if someone sees himself in Aso-Rock in the dream

NwokoloOwa:
No Dangotes's business benefitted anyone in terms of sustainable and fair economic gains. People always say he created jobs and I say yes, but the cocaine and other hard drug businesses also create jobs. Even armed robbery gangs,and other organized crimes create jobs too.

So what are we talking about.

Yusufisraelj:
This your talk is careless assumption.

The Nigerian government has four refineries, have you asked yourself why none is fully functional till date?

Go and check the house committee that investigated the fuel import in 2012 when goodluck wanted to remove subsidy and how much the Nigerian government paid for no fuel. Check how otedola bribed the chairman of that committee to look the other way.

Before you talk have a little restrain to look at both sides of the story, so that your assessment can come with a perspective of balance.

davidif:
Oil-Exporting Countries Still Import Fuel

Documents presented to the court also show that many oil-producing nations with far larger production and refining capacities than Dangote continue to import petroleum.

The United States, for instance, imported 8.51 million barrels per day (b/d) of refined petroleum products from 86 countries in 2023, according to the U.S. Energy Information Administration.

Another example is Saudi Arabia, which, despite being one of the world’s largest oil producers with a total daily refining capacity of 2.9 million b/d, also imports and stores refined petroleum products to ensure energy security.

“Saudi Arabia, with five refineries and a refining capacity of 2.9 million b/d, still imports and stores refined products as part of its energy security strategy,” Abiodun pointed out.

Similarly, other major oil-producing countries—including the UAE, Bahrain, Qatar, and Oman—also import and store petroleum products for energy security.

Abiodun concluded by arguing that allowing Dangote Refinery to be the sole supplier of refined petroleum products in Nigeria would make it a monopolist in the petroleum sector, a critical industry for Nigeria’s economy and energy security.


“No country in the world has developed or will ever develop by encouraging monopoly in any of its key economic sectors,” he emphasized.

https://politicsnigeria.com/exclusive-court-documents-expose-dangotes-attempt-to-monopolize-petroleum-industry/

bixton:
Are you sure you're not part of the average Nigerian who usually don't think and only dish out myopic perspectives of a whole broad subject.....
Do you really think just fixing the refineries and all that you put up here will give anything worthwhile to the value of your naira?
Whereas a greater more percentage of our livelihood and sustainability as a people are completely dependent on imported things because we are at the bottom of the food chain of stark consumers.
How many sovereign nations whose currency are of real worth and value are stark consumers on all round imported items?
Without proper industrialization forget about the value of the naira. Na life support the naira
dey on in terms of real working economy.

Balistic4:
Awesome! Then let's handover Nigeria to him. We owe him everything we are today. Had Dangote not emerged, Nigeria would have finished. Without Dangote cement, cement would be sold for 100k per bag. With Dangote refinery, fuel will be sold for #100 per liter. Jobs are overflowing everywhere.

Also mind you, Nigeria had nothing before Dangote came aboard. Even the refinery, dangote got the funding from his pocket, Nigeria never played a role in it

Balistic4:
As careless as the talk is, have you asked yourself why the Nigerian government massively supported him with cheap dollars? How many Nigerian business men have such privilege? The point is not that the refinery is bad, but it is just another business, just like you opening a kiosk at the back of your house. Why then do we have some people believing that dangote was here to crash the price of fuel? That is my point. What price of things has dangote crashed before I know you will respond and tell me to look at the long term benefit, but I ask you again, suffer no dey tire you

yarimo:
Solve nigeria problem and DANGOTE start from #990 per liter? You must be a kid with free bonus data to post rubbish online

integrity16:
It is not his fault that he is the only one operating a refinery, let the government allocate crude oil to other modular refineries to start operations and compete with dangote.

Also tell the government to get our 4 refineries working, so as to also compete with dangote.

[b]That you people are supporting the government and criticizing dangote is enough reason why this country will never be good.

[/b]

chidiokay:
Benine republic is literally a dumping site and there currency is beta than naira, America is one off largest net importer globally, rate the dollar

You dont believe in fixing of our refineries but in the same lite you dare preach industralization, are you ok ??
With the way Nnpc and marketers are tackling Dangote refinery does it promote "INDUSTRIALiZATION" .. with what Dangote eye as seen will any investor or financier want to invest in that sector, seein dangote treated like that, the man is furstrated

i know what i am saying and if you feel you know better, how about you raise valid points as to why local refineries productivity and a cut off in dollar demands wont reflect strength to the Naira.

Blackdisciple:
Bro F the government and dangote I'm no supporter of any of them, because we have seen what dangote is doing with his cement he is getting it materials from kogi state and go to that area and see if they have benefitted anything from that cement refinery...

As for the government they should be ashamed of themselves...
They have four refineries but they are here fighting to become a sole distributors of another man's refined product from his refinery so what happened to their own refinery that they have abandoned...
(Wickedness, selfishness and greed)

udemzyudex:
If NNPCL truly love Nigeria, why not fix at least 2 of the 4 refineries we have in this country?

Must we import fuel?

davidif:
Yes, printing money is one way of creating inflation but monopolies are also another way. Monopolies are so counter productive in many ways and one of them is if you have only one player in an industry, they can set prices to whatever they want but if there is competition then they will be competing with other players for market share afterall consumers tend to want things at good quality and reasonable prices.
Also, the more players you have in the market, the more people they hire and the more they reduce unemployment. This Is one of the major problems with the Nigerian economy. If the govt didn't decide who and who should be a player in the economy (through bribes and other nefarious means) then boy oh boy will the Nigerian economy be soaring right now. The fact that they can't connect their bad policies with the high levels of unemployment we have now is astonishing.

bixton:
You seem not address my post.
You talked about giving value to the naira through Dangote refinery and all that....And I asked you that just one aspect of the economy is not enough to give significant value to the naira out of many sectors and it's network chains.
Read your initial post again and read mine again.....
You talked about Benin Republic(let me not include the USA) being a major importer of petroleum products and her currency is having a better value than the Nigerian naira....
Now, is it import of petroleum products that contributed to the good value of their currency alone and are they running the other sectors of their economy just the way Nigeria does its own to be able to achieve that good value?

Does the USA dollar value dependent on the import of petroleum products to the USA or it's completely reliant on so many aspects that makes their economy viable and truly prosperous.

integrity16:
I am from the south, Dangote is not in any way related to me, granted his cement products are high even though he gets the raw materials from the country but the question [b]why is the government not doing anything to force down his cement price? definately because they are benefitting.

The story is the same with DSTV, anytime there is an uproar as to price increase, they just go to settle national assembly members and thats the end.

Kogi state is another case study, one of the states blessed with irresponsible governors over the years, where is the WHITE LION? all the taxes dangote cement pays to the state that contributes to the IGR of the state, what did he use the money for? [/b]

OlawaleBammie:
let anybody source out where he want to get his product...its not a rocket science.

maasoap:
No! We have been there for ages, it always caused fuel scarcity once there is a disruption along the import/supply chains. It is time to stop relying on fuel importation, it's shameful. You want to compete and fight monopoly, establish the fvcking refineries since you have the means. Production creates jobs while importation takes jobs and create forex scarcity

sulaak:
Monopolies are not good, but Nigeria doesn't have a refinery monopoly. According to all data, Nigeria has a refinery capacity of 1.5 million barrels daily. NNPCL 450k, BUA Group 200k, Dangote 650K and Modular refineries 200K

Nigeria's inflation is due to the short supply of dollars to buy imported goods and services, the high level of foreign debt that costs 60% of national income, and the printing of the Naira, which created an oversupply of the Niara.

davidif:
What I am saying is that inflation is caused by many things and not necessarily the printing of money. Another thing I am saying is that the Nigerian govt need to get out of the oil refining space and stop dictating who and who can build a refinery in this country and let business determine that for goodness sakes. This country has a large population and it needs more players in the industry to drive down the prices of oil and to bring jobs to the masses.
Also, the fed govt needs to sell those refineries asap. Govts have no business running refineries - there job should be oversight and regulation! Referees should referee the game and players should play the game. Everyone needs to stay in their lane.

OlawaleBammie:
If u block others from sourcing from anywhere else den dangote will wake up tomorrow and said price for 1ltr is 4k, just like sugar and cement and there is nothing anybody would do cus it would be too late.