₦airaland Forum

LadyExcellency:
There is nothing like giving scarce dollars in a foreign currency floated economy. The highest bidder gets the dollar.

Who is the seller, and where does the seller get the dollars?

DatIgalaDude:
God abeg!
Suddenly, Nigeria has association of crude oil refiners without refineries.
Who do us?

.

Nigeria has up to 7 crude refinery, so why won't an association be formed.
Waltersmith.
Midstream.
Duport
Azikiel.
Dangote.
Edo refinery.
African refinery.

Easy6597:
Wicket people everywhere, was it not this same product they claimed to be substandard we have been using all this while? Imagine refining group of nigeria, it's now they are coming out to tell us that they are also refining product they had been collecting subsidy on all their life. It shall never be well with everyone of you.

You really got it. They've been importing fuel from Nigeria into Nigeria for several years making millions of dollars monthly through One useless SUBSIDY. I am happy TINUBU removed subsidy from day 1 because he knows that if he refused to announce immediately it may not be possible again

If they want to import fuel go and import now at the actual rate of dollars and let the competition be aggressive

wirinet:
It seems people like you just wish for the total destruction of the country, probably because of hate, hate for certain tribes or individuals. How can you be proud of importing rice, energy and even cloths (rejected Okrika for that matter), all in the name of looking for cheap goods.


Which cover is FG providing for local rice producers? Imported rice is still more expensive than foreign rice.

It's foreign importers that are killing Nigerians with substandard products including food and drugs that are angels.

That's because it is only Nigeria that allows importation of substandard products all in the name of looking for making profits and killing local productions.

Do you live in Nigeria? Buhari blocked the borders and outlawed the importation of rice through land borders, Tinubu sustained that same policy. Isn’t that FG backing and supporting local production? Rice was cheap, then it went through the roof eventually (local rice o). I can’t remember the last time I saw imported rice in the open market (asides basmati).


You totally miss my point which is that local producers lengthen the distribution chain which leads to increase in price (it’s either the producers or retailers are the problem or both).


I’m not against FG’s support for local producers it I’m against same producers exploiting the masses through the support they receive (in policy, funding and otherwise)

My submission.

Let them import the substandard product first, let’s see.

I see no reason why Dangote should sell his product above 500 naira.

One of the merit of local production and why it is encouraged is that the selling price will be lower compare to when importing same product, that is if the imported one is not substandard.

Also, because we have seen that Dangote loves monopoly which is not benefiting Nigerians, going by the precedence. Then we need importation now that we only have Dangote as the only local refiner. Let there be competition.

We are not ready to move this country forward. One step forward, two step backwards.

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wirinet:
It seems people like you just wish for the destruction of the country, probably because of hate, hate for certain tribes or individuals. How can you be proud of importing rice, energy and even clothes (rejected Okrika for that matter), all in the name of looking for cheap goods?


Which cover is FG providing for local rice producers? Imported rice is still more expensive than foreign rice.

It's foreign importers that are killing Nigerians with substandard products including food and drugs that are angels.

That's because it is only Nigeria that allows the importation of substandard products all in the name of looking to make profits and killing local productions.

With all this irreconcilable jargon you listed, you want to defend Dangote for selling Crude Oil above the International price when his cost of labour is cheaper and he now buys crude in naira? May I remind you that Globacom sold a Starter pack for one naira while MTN sold theirs at N50,000 on inception?

Dangote took BUA to court because he tried to sell cement at a cheap price and this is the monopolistic regime you want to support with a price hike. Dangote should understand that all Nigerians were denied forex and he took everything to build the refinery hence we all are stakeholders.

wirinet:
Who is the seller, and where does the seller get the dollars?

Whoever is the seller doesn't know who the buyer is fronting or representing. It's an open market, with bidders (unknown buyers) and sellers (Banks, individuals and corporations)

LadyExcellency:
There is nothing like giving scarce dollars in a foreign currency floated economy. The highest bidder gets the dollar.

They will claim they are providing essential commodities and from there request concessions

Dangote should calm down his bid to monopolize the sector. Since when did we have refiners association in Nigeria?

Other modular refineries do not produce pms, only dpk, ago, etc

How can a group be called refiners when they don't refine shit with exception of dangote... I guess the group is dangote.... if your product is good and affordable you need not be scared of competition... dangote is fighting seriously to monopolise this sector....

We have many refineries in Nigeria. But most of them are modular refineries with small refining capacity, google it

Dawn91:
Which refiners?!.
There is only dangote!!

He should stop hiding behind fake associations !! The useless coward wants a monopoly in petrol so he can do what he did in cement and sugar!!! Useless bastard.

Proudlyngwa:
Like I said let them import, just not with our dollars, but the time they source dollars and pay import duties, tax and others.

We will know which is more expensive.
Bad quality or not

Just don't give them any special benefits

I think there should be trade-off between quality fuel and cheap fuel. In most developed countries there are fuel grades with their prices. In Nigeria, regulators are not doing enough to monitor qualities of fuel imported. Aside, we don't have control over price at international market and some majority oil marketer are not patriotic. Nigerians never had advantage of benefitting from cheaper price when oil price is relatively low at the international market. Some will sell old stock at current price. A lot of issues affecting the oil sector.

The FG is supposed to have issued an executive order by now protecting our local refining industry. If it were in India, such order would have been issued long ago.

Nigeria will sadly remain stagnant unless the ruling class past and present are ..............

God bless you, people dont know that most of these oil marketers have fleet of shipping vessels for importing refined products, tank farms for storing their products which sometimes leased to government for some huge amount, . With dangote refinery coming onboard, their vessels, tank farms, depots will all be shut down which automatically leads them to bankrupcy. Their only lifeline in this game is importation and they will fight it with their last blood. Any Nigerian who doesnt support dangote to eradicate these leeching cabals is an enemy of this great Nation.

heysquare:
There are other small modular refineries that even started operating before Dangote. See, we are the architect of our suffering in this country. We like promoting foreign products and we will still be blaming govt for lack of job and winding down of companies. How would Companies survive when we believed in foreign products than local one? Importers knew the truths while they don't want to patronised Local refineries because they make triple profit if not double. They make Super profit because they buy substandard products. Those cartel in that oil industry will not want home made to grow because it's going to dearly bring their wealth in to comatose.

YOOR:
I think there should be trade-off between quality fuel and cheap fuel. In most developed countries there are fuel grades with their prices. In Nigeria, regulators are not doing enough to monitor qualities of fuel imported. Aside, we don't have control over price at international market and some majority oil marketer are not patriotic. Nigerians never had advantage of benefitting from cheaper price when oil price is relatively low at the international market. Some will sell old stock at current price. A lot of issues affecting the oil sector.

That is why they should be allowed to import

A Dye system can be used to differentiate which fuel is which, as well as a cradle to grave system.

Anywhere they want to source their funds for import let them source, they should not request for concession that is all am concerned about

NastiLord:
Who are refiners in Nigeria? Just tell us it's Dangote.


This back and forth games the oil cabals are playing with Nigerians can only happen in a country where the president is either a rogue or probably a member of the oil cabal.

There's no light at the end of the 'toilet' unless Tinubu is removed

Azikel refinery
Ogbele refinery
Waltersmith refinery
OPAC refinery
Duport refinery
These are other refineries in Nigeria that are privately owned asides Dangote.

Association of oil Criminals .. why are you afraid of competition?

Lorry load of TRASH🚛🚛 FOR LAWMA🚛🚛

Just say DANGOTE, the monopolistic scum opposes fuel importation for his usual, insatiable, selfish gains 😏😏💯💯

# live and LET LIVE

Believeintruth:
Name the small modular refineries. I am aware of only one in Edo and it is only diesel they refine. The issue here is how can you explain that PMS is more expensive when refined locally than imported. Something does not add up here, dangote himself is being too aggressive with pricing and it is not helping the masses, to he is trying to strong arm IPMAN and co to patronise him only by blocking any move to import.

We are all educated and finding the price of refine products is something we can get on internet. If truly it's cheaper to import why countries like South Africa, Ghana and other African countries are negotiating to seal import deal with Dangote? Otedola knew this would happened he quickly sold his tank farm and all his oil assets he had even advised all these tank farm owners to go and sell it as scrap. Gonner the days we hate anything china products because we don't believe in it as its not of quality but today we embrace it due to the improvement. When start dissociating from foreign products more companies will grow and new one will spring up especially foreign companies. We should stop blaming govt if we failed to support local businesses to grow.

We now have it locally but still una want to dey import am.

One of 2 things importation of petroleum is a front for other nefarious activities or una get omoale blood for una viens haba which kind kassala be this. Some sanity needs to be restored.

adenigga:
Source: https://punchng.com/Refiners-oppose-petrol-import-licences-to-IPMAN-PETROAN

Proudlyngwa:

Allow them import

Just don't give them our scarce dollars for the importation

Dazall

They should not import anything! They must patronize Nigerian petroleum products! They can constitute a competition for Dangote by building their own refineries.

Look and laugh.

iLoveYouToo:
Now they want FG to provide them with cover, same cover FG gave to local rice producers that are now choking us with price.

Local producers are just evil, especially the ones backed by FG’s local content promotion.

It’s only in Nigeria that imported goods are cheaper than the locally produced (often inferior) ones

they say imported ones are inferior, you said local ones are inferior. na WA o!

LandMann:
Shut up your mouth.

Tell Dangote to crash price to N300 and below and see if any Importer will go abroad to buy pms or diesel.

Dangote is one of the reason why prices jumped up from 195 to 1200 and yet you're still here arguing for it to continue.

Dangote did same thing with cement, monopolized the sector and used court cases to frustrate competition.... Today what is the effect? Extremely high cost of housing, especially in Lagos, Abuja and porthacourt.

Now, I want you to ask yourself, what do you stand to gain directly from supporting antics to monopolize the oil sector?

What effect will it have on the wellbeing and welfare of Nigerians?

If you are going to be affected negatively and others are going to be affected negatively and yet you still support Dangote then you are purely stupid according to Dietrich Bonhoeffer and you're extremely dangerous to the society

You lack manners on simple constructive arguments. I can't blame you now charity begins at home as they says. Your frustration your pain not meant to be pour here on Nairaland. Try to find a way to manage your frustration. Just take it easy we didn't take your bread from you

Proudlyngwa:

Allow them import

Just don't give them our scarce dollars for the importation

Dazall

..

So is it naira they will use to import

We nigerians will be complaining that the dollars is rising..the naira is depreciating .. dollars exchange rate is 1725 naira to a dollar.. what is causing it..it's Importation...Importation devalues and deprecriates the naira against the dollars which causes inflation and high costs of living as nigerians are going through now

Who are the refiners? Refiners and importers are different entities in the old industry sectors and play dual competitive role in an open market system.

There is no way an Importer must be only a refiner.

iLoveYouToo:
Now they want FG to provide them with cover, same cover FG gave to local rice producers that are now choking us with price.

Local producers are just evil, especially the ones backed by FG’s local content promotion.

It’s only in Nigeria that imported goods are cheaper than the locally produced (often inferior) ones

i will like to play the devil's advocate local producers might appear to be evil But the devil in center of it all is the govt whose policies make cost of running business in Nigeria.

On food items transported to south for instance,all manners of extortion sorted is why most of the sellers have no choice but hike price

And lets be reasonable here, with the present cost of living, everyone is using what they have to stay afloat and survive,
E.g a fufu seller will pay rent enter transport, change cloth, how will she meet up if she no join hike price

point of correction: imported goods are more expensive than local products , except you have examples

rafindo:
.

Nigeria has up to 7 crude refinery, so why won't an association be formed.
Waltersmith.
Midstream.
Duport
Azikiel.
Dangote.
Edo refinery.
African refinery.

...and why are they not refining and producing fuel and other petroleum products