₦airaland Forum

Cantonese:
They certainly will sell cheaper. Competition serves the interest of Nigerians and Dangote & co know it.

When he started production, Nigerians were hopeful of better pricing. Where have we found ourselves? At the mercy of Dangote and certain government officials who determine the retail price.

This is the same way we found ourselves when Buhari placed a ban on imported rice. Where have we found ourselves today? Local rice farmers making billions with little effort. Should rice exceed 20K for a 50kg bag for our Nigerian rice?

While he's Dilly dallying, Tinubu has been asked to grant some waivers on imported food and grains, so that this level of hunger can reduce. So far nothing real has happened.

Petrol plays a major part in the cost of food. The lower the price, the lower transport and other associated costs. So while we produce, we can temporarily import so that citizens can have better bargains.

Sure!

Heavensake1:
I tell you. Why importing fuel ? We don't need the importation of fuel for any reason. What is really wrong with Tinubu self? Is this the way to encourage investors in Nigeria? Govt has been struggling to make our refineries work, but they couldn't. Here, we have people that have invested their resources in building refineries but because of greed govt want to ruin them.

importation of fuel should continue until this greedy business men take it down notch. Price of rice scar rocketed immediately Nigeria decided to stop the importation of rice and encourage local producers of it. You go to market now to buy rice, you first of all need to beg the seller to give you good quality rice because of so many bad rice in the market nowadays.

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

I find it laughable to find people like you supporting IPMAN after it has robbed you for decades, by stealing and selling PMS that was paid dearly for using scarce forex from our coffers. They worked hard and successfully to kill Nigerian refineries all so they can keep importing. This request of theirs for license is an attempt to frustrate Dangote refinery and kill it to so they can continue jerking up the price of imported products at will. Those refineries that are good at selling petrol cheap should come here and build refineries, enough of the insult!

LandMann:
If Dangote is given monopoly then he must equally be banned from exporting any product from his refinery to any country outside Nigeria. If he agrees to that then the government can go ahead to listen to him .....

The day government announces that import license has been terminated, fuel price will jump to 2000-2500 and it will continue to go up.

Transportation price will increase, food prices will increase and house rent will increase. Are you ready for any of these?

At this point, you need over supply of PMS in Nigeria so the price can fall. If you stop importing because Dangote is producing, what happens when Dangote start cutting back production to create artificial scarcity? Price increase. Are you ready for more price increase?

Dangote the greedy monopolist is selling his pms and diesel at international price, USA and Canada and UK price, yet is he paying his workers, drivers, staff, employee same international wage rate? Is he paying $18 per hour of work since he's so determined to sell same price as USA?

You understand the game. It beats my imagination why some folks do not understand the game that Dangote is playing. For me, Dangote's antecedents in other industries are the very reasons that Nigerians should ever allow him to monopolize an industry or enjoy any unfair trade practices.

rafindo:
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They are all functioning but not in optimal capacity due to the same problem Dangote is suffering from which is crude feedstock and importation of cheap and sub standard products. Apart from African refinery that is yet to kick start, the rest started before dangote.

Thank you for adding to our knowledge.

LandMann:
According to Dietrich Bonhoeffer you're a stupid person. If I was you I'd go read about Dietrich Bonhoeffer's theory of stupidity and examine your life choices against the theory.

Only stupidity will drive you to support monopoly and skyrocketing prices in a country were income and purchasing power is extremely low

You don't have any single sense in your head, sorry.

Please Sir

Do not be sorry to call a spade what it actually is.

Anybody supporting Monopoly in an economy that even life support is failing at this critical time is a born idiot.

D

teepain:
So, it is safe to assume that Dangote is the one orchestrating the anti-importation scheme against Petrol because like you said these other small refiners do not refine PMS.

Now, in the past I supported the banning of rice importation to boost local capacity but I saw the inflationary effect. Secondly, during the period when Naira was losing its value, I saw how local producers didn't care so much about their fellow country, they preferred to sell to their stuffs, especially, to neighbouring countries because they could make more courtesy of exchange rates.

If businessmen or producers wouldn't mind making extra bucks at the risk of their country men (major and sustainable patrons') starving to death, then government should not compel consumers to be loyal to Nigerian producers. It takes 2 to tango. Bunch of idiotic exploiters!

.

You can not develop an economy by importation of a product that the raw material is abundant in Nigeria and expect it to grow.
Let me use cement as a circa.

Before Obasanjo came to power in 1999, Nigeria had over 10 cement companies that was at the verge of collapsing due to cheap cement imports from Brazil,India and china. The only ones functioning minimal was sokoto,ewekoro,shagamu and ashaka this companies employed thousands of Nigeria. Guess what the major importer of cement that era was dangote,ibeto and 11 other importers. How many jobs did the importation create then just few hundreds jobs mainly loaders and forklift operators. So Obasanjo came on board and was annoyed with the situation. First he said how can the country with the highest limestone deposit in Africa be the highest importer of cement in Africa which is like the current situation we have now. Then he brought the backward integration program. Then he told all the importers that he will grant them tax waivers on two condition.
One is that they must show a business plan of building a cement plant in the next 5 years or acquire a moribund plant. Guess what some importers like ibeto, Reagan and madwell,dabull, eagle cement started playing tricks so that their import allocation will increase yet with no plans of building one or acquiring. Only dangote keyed into the policy by acquiring one benue cement and going ahead to build One. The rest started shouting monopoly up till this moment. Now a sensible president will prefer the price of a commodity to expense knowing that thousands of job will be created meaningful ones like engineers, PAYE for the state, mineral loyalties, community funds,CIT, mining license lease over importation that do not create tangible meaningful job and only custom duties with PAYE not possible.

teepain:
You understand the game. It beats my imagination why some folks do not understand the game that Dangote is playing. For me, Dangote's antecedents in other industries are the very reasons that Nigerians should ever allow him to monopolize an industry or enjoy any unfair trade practices.

What do you expect when the foolish one's are the majority? Over here you can see them making excuses for a well known seasoned, professional, notorious monopolist that has proven to be greedy and evil over and over again in every sector he ventures into.

LandMann:
You work in the cement sector but it doesn't mean you understand history, economics and public policy at all. That is why you're supporting this move by Dangote.

Dangote cement started as a monopoly, thanks to frivolous and corrupt court judgement and politicians. A market where 3 producers are colluding and control 99% of the market is a monopoly (oligopoly if you want to sound politically correct but stupid). This is why in Nigeria cement was N2000 in 2015 but in 2024 cement is over N12000, over 500% increase meanwhile in India cement was 224 rupees in 2015 and around 400 rupees in 2024, less than 100% increase.

What is the cause of 500% price increase in Nigeria vs less than 100% price increase in India over a 9 years period? Monopoly, colluding, corruption?

It's because of the monopoly and favourable treatment Dangote is always getting from corrupt Nigerian government and politicians that people with serious money don't want to establish their own companies to compete with Dangote. If you know what monopolist do to destroy competition, you will hide your head in shame for supporting Dangote.

Nigeria has abundance of materials used to produce cement yet Dangote will wake up and unilaterally hike price 100%, 200%, 300% and there's nothing you can do because the rest mushroom producers will do same cos they're in the same WhatsApp group and foolish citizens will come online to support Dangote.

Meanwhile when their landlord increase house rent they start crying.

Now Dangote is repeating same dirty tactics for pms and you're here supporting him.

But when you start queuing to buy fuel for 2500-5000; when price of foodstuffs tripple and when evey other thing becomes more expensive you start looking for who to blame not knowing yourself is to blame for supporting and stupidly rationalising monopoly.

God Bless You Sir 🤗❤️

Whitelion07:
importation of fuel should continue until this greedy business men take it down notch. Price of rice scar rocketed immediately Nigeria decided to stop the importation of rice and encourage local producers of it. You go to market now to buy rice, you first of all need to beg the seller to give you good quality rice because of so many bad rice in the market nowadays.

I understand your point but We don't have to import what we can produce. By doing that we keep hurting ourselves. Though local producers maybe greedy,govt too is not helping matter as they couldn't create enabling environment for local producers to thrive easily. E.g lack of power makes them spend heavily on diesel to keep their business running.

LandMann:
You work in the cement sector but it doesn't mean you understand history, economics and public policy at all. That is why you're supporting this move by Dangote.

Dangote cement started as a monopoly, thanks to frivolous and corrupt court judgement and politicians. A market where 3 producers are colluding and control 99% of the market is a monopoly (oligopoly if you want to sound politically correct but stupid). This is why in Nigeria cement was N2000 in 2015 but in 2024 cement is over N12000, over 500% increase meanwhile in India cement was 224 rupees in 2015 and around 400 rupees in 2024, less than 100% increase.

What is the cause of 500% price increase in Nigeria vs less than 100% price increase in India over a 9 years period? Monopoly, colluding, corruption?

It's because of the monopoly and favourable treatment Dangote is always getting from corrupt Nigerian government and politicians that people with serious money don't want to establish their own companies to compete with Dangote. If you know what monopolist do to destroy competition, you will hide your head in shame for supporting Dangote.

Nigeria has abundance of materials used to produce cement yet Dangote will wake up and unilaterally hike price 100%, 200%, 300% and there's nothing you can do because the rest mushroom producers will do same cos they're in the same WhatsApp group and foolish citizens will come online to support Dangote.

Meanwhile when their landlord increase house rent they start crying.

Now Dangote is repeating same dirty tactics for pms and you're here supporting him.

But when you start queuing to buy fuel for 2500-5000; when price of foodstuffs tripple and when evey other thing becomes more expensive you start looking for who to blame not knowing yourself is to blame for supporting and stupidly rationalising monopoly.

.

🤣🤣🤣 Do you know la farge was existing before dangote started cement. So how do you claim monopoly when a player was already there. Well the entry into a cement business has a high Moat. An average 3 million MTTPA cement plant cost 500 million dollar USD. So the question now is how many Nigeria can cough out that amount. Knowing fully well that Nigeria with 500 million usd and above on Nigeria are not up to 20 according to Forbes. For your information 2 cement companies are on the verge of starting theirs next year. Resident cement company by Junaid Abbas and MSM cement company by a cousin of dangote. Do you know if you don't have ur pit chemistry okay your investment in cement plant can go down the drain. That why dangote and Bua are fighting over some mining zone in okpella because of pit chemistry. If government wants the price of cement to be 2000 naira per bag it can by entering the sector through an SPV model after the NLNG . The money can be gotten from NSIA and a consortium of PFAs utilizing pension fund. 14 states has limestone deposit that can service up to 20 cement companies.
Imagine if we have 25 cement companies what will the price be like.

LandMann:
If you were not stupid you'll realise that petrol price has never skyrocketed by over 600% in less than two years since the past 23 years of Nigeria.

No matter how bad the situation is in terms of Nigeria government owned refinery, it will get worse when Dangote is given monopoly. Dangote is only interested in getting monopoly, nothing else. And there's no country on earth where citizens benefit in a monopolistic market, none.

If Dangote is given monopoly then he must equally be banned from exporting any product from his refinery to any country outside Nigeria. If he agrees to that then the government can go ahead to listen to him

But I'm 100% sure that Dangote will never agree to that because he's a thief and a greedy fuckíng monopolist who is only interested in reaping off ordinary Nigerians and stacking wealth that he's taking to hell when he dies.

The day government announces that import license has been terminated, fuel price will jump to 2000-2500 and it will continue to go up.

Transportation price will increase, food prices will increase and house rent will increase. Are you ready for any of these?

At this point, you need over supply of PMS in Nigeria so the price can fall. If you stop importing because Dangote is producing, what happens when Dangote start cutting back production to create artificial scarcity? Price increase. Are you ready for more price increase?

Dangote the greedy monopolist is selling his pms and diesel at international price, USA and Canada and UK price, yet is he paying his workers, drivers, staff, employee same international wage rate? Is he paying $18 per hour of work since he's so determined to sell same price as USA?

Nigerians are being forced to buy PMS at international price because of people like Dangote but have you heard Dangote arguing for government to increase minimum wage to reach international price level so as to discourage brain drain, poverty and suffering and corruption across all levels of society?

People like you who think within a box are a real danger to Nigeria.

You just argue for argument sake without considering the repercussions and effects of whatever you are supporting.

That is why you people end up with presidents like Jonathan, Buhari, Tinubu, stupid, senseless and corrupt politicians who are ready to make sure all the people go blind with suffering while only them have eyes

Why do i feel i am talking to dead brain, for the 1st time ever subsidy was completely removed and naira floated no govt as tried that before ... does that answer your stupid question.

Why are you fools justifying nonsense, if dangote will be a monopoly what is stopping the govt/Nnpc from making moves like let our national refineries .... why are you people making it look like fixing a refinery is a rocket science or something very impossible.

There is regulation act that backs Local refinery in Nig., as long as it can meet local demand it most be prioritize as major supply.
Dangote capacity can meet our local demand and he will still have excess therefore its preporious to opine dangote should not export if he wants, no law in the regulatory act forbids export that plainly foolish idea that can come from a Big Fool.
Export is favourable to any economy

How exactly dangote a fvcking monopolist did your father buy land and dangote refuse him to build a cement plant or a refinery.
Is Dangote the one blocking or stopping Govt/Nnpc from fixing local refinery ... the way some of reason shallow is an understatement

Nigeria are buying pms at int'l price cos your govt/Nnpc sold crude to dangote at int'l price... so much nonsense you are spewing
is there even anything like int'l minimum wage ..
i have seen so many idiot but yours is crossbreed .. too many nonsense talks bye bye

rafindo:
.

You can not develop an economy by importation of a product that the raw material is abundant in Nigeria and expect it to grow.
Let me use cement as a circa.

I completely agree with the assertion that local manufacturers should be supported. However, they in turn must learn not to take their primary (domestic) market for granted. Dangote has enjoyed a lot of government support, especially under Buhari, more than any other business. Subsidized dollar, government's capital investment, import duty waivers and a host of others.

With our experience in the cement, sugar, salt markets, I am not convinced that Dangote's near monopolization of the petrol supply market will be good for the country.

rafindo:
.

Read well on impact of monopoly on welfare

Then read Dietrich Bonhoeffer's theory of stupidity.

I can't rescue you. Look for someone else.

[quote author=chidiokay post=132814398][/quote]Read well on impact of monopoly on welfare

Then read Dietrich Bonhoeffer's theory of stupidity.

I can't rescue you. Look for someone else.

ceejayluv:
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.

Yes and the local refiner's won't be greedy and monopolistic and forming unions just to inflict hardship on the masses like your local refiner's (Dangote actually) are hoping to do

Why should the FG issue importation licence to bring in petrol? An oil rich country with only one refinery .... just getting on its feet ... and licences would be granted to import petrol? ...and people are agreeing with this? What country does that? The US that has so many industries well established allow similar products to be imported in most cases .... but the tax imposed is heavy ... a means to protect the local industry. But here we are .... with our import mentality and wondering why we are not making progress.

elbangeez:
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.

Anybody supporting a known monopolist that always fight competitions just to have his way in this dying economy is the real worst enemy of this nation

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

If this is your thinking, so why should anybody invest in manufacturing in Nigeria? Everything should be imported because you can always get them cheap products somewhere as many country are looking for dum.b places to dump their excess capacity. Jobless and unemployment will just quadruple and poverty will be your future. No country can develop or even be sustainable by just consuming. You need to create a manufacturing base in Nigeria by protecting it and able to convince investors that they will be able to recoup their investment if the invest here. Africans don’t think far, just want to eat everything now and party.

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

and put your father

skywalker240:
Anybody supporting a known monopolist that always fight competitions just to have his way in this dying economy is the real worst enemy of this nation

Nobody is stoping anyone from building a refinery in Nigeria and compete. It’s utterly mor.onic and makes no sense to say that people should be allowed to import to compete. That’s not competition, that’s destroying your manufacturing base.

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

get your facts right imported solar panels and electric vehicles are cheaper than locally produced in the US

Lokostar01:
get your facts right imported solar panels and electric vehicles are cheaper than locally produced in the US

And that is why US and Canada have tariffs on Solar panels, car, steels and aluminum. China have excess capacity that they can export to anywhere, even a significant loss.

asala1:
Nobody is stoping anyone from building a refinery in Nigeria and compete. It’s utterly mor.onic and makes no sense to say that people should be allowed to import to compete. That’s not competition, that’s destroying your manufacturing base.

Building a refinery like the government monopolistic babysitting bastards won't fight against them, when he sees competitions?

You think other indigenous investors would've been granted scarce forex like dangote was granted? Or don't you know the kind of system been ran in this country?

rafindo:
.

So is it dangote fault that they don't produce PMS

u missed the point.


How will Dangote use the name refiners association to fight pms import where the other people do not have business with pms. Fishy.

He claims imported products are substandard, we have been importing for years and we are okay with the products he is demonizing.

Let him allow competion for prize in the sector.

Inspirer1:
Why this new care for the people? Is it not the same petrol we've been using for yearssss.

abi o, 'how can' That's why we shouldn't be bothered about them, you know what, let's leave them to import, let's see maybe they will sell cheaper to Nigerians.

Of course they won't sell cheaper even if they buy cheaper from abroad. So none of them is fighting for the masses. They are all interested in taking advantage of us.

Bullet01:
Of course they won't sell cheaper even if they buy cheaper from abroad. So none of them is fighting for the masses. They are all interested in taking advantage of us.

Gbam

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

A Committee without commitment, would always commit a crime. Dangote complained about the cabal in the oil sector however it appears to me that he's becoming a cabal.

skywalker240:
Building a refinery like the government monopolistic babysitting bastards won't fight against them, when he sees competitions?

You think other indigenous investors would've been granted scarce forex like dangote was granted? Or don't you know the kind of system been ran in this country?

FG gave out licenses to many companies to build refineries. Only Dangote built one. Countries babysits individual that build industries in the country and that’s what they should do. Giving favorable forex to companies that are building manufacturing capacity is what Nigeria should do and that’s not even enough. Tax breaks and more incentives needs to come into play. For example, Canada is giving upto $13 billion to Volkswagen to build a plant in the country. This is how you create good jobs, not importing what you can produce.

LandMann:
Read well on impact of monopoly on welfare

Then read Dietrich Bonhoeffer's theory of stupidity.

I can't rescue you. Look for someone else.

i dont see any Move from Dangote that sabotages other local refineries from coming up, i refuse to see Dangote as a monopoly until you tell me;

Your dad bought a land to build cement factory/refinery .. dangote blocked it or

Did you decide to be a distributor of elephant or larfarge cement and dangote arrested you

You cant talk of Monopoly without proven sabotage moves.
Monopoly in real sense is when you dont allow anyone step into your line, how is dangote stopping your dad from building a refinery cos i know you cant afford it


Until Nnpc come out nd accuse Dangote he is the one stopping our national refineries from working .. Monopoly talk here is trash.

asala1:
FG gave out licenses to many companies to build refineries. Only Dangote built one. Countries babysits individual that build industries in the country and that’s what they should do. Giving favorable forex to companies that are building manufacturing capacity is what Nigeria should do and that’s not even enough. Tax breaks and more incentives needs to come into play. For example, Canada is giving upto $13 billion to Volkswagen to build a plant in the country. This is how you create good jobs, not importing what you can produce.

And it will shock you that Volkswagen car's will become cheaper over there

Your Dangote is selling petrol even above the price of imported one's

Does it make sense?