₦airaland Forum

iLoveYouToo:
I agree in part, he’s a major beneficiary but some people are bent on making him look bad. I’m not an insider but I’m very sure that man has made sacrifices for this country. It’s saddening that patriots are often demonized and made to look like the problem rather than part of the solution, absolving the main culprits - the system


The real question here is: who is the system?

Billion Dollar Question
The Cabal/presidential Circus, if I may have to answer this.

Good news

The Dangote refinery is really making waves in the Nigeria oil sector. I hope his competitors would also step up so that the price of fuel would be affordable for the masses

This is a welcome development.

ednut1:
how is it great news He is using dollars to buy the crude. Meaning the refined product will be expensive

Stop bothering yourself to reason with Yoruba people its just not worth it

VillageOracle00:
https://punchng.com/dangote-resumes-us-crude-purchase-after-three-months/?amp

This is one aspect of Dangote's business where I think he wasn't smart and calculative.

For Cement, he acquired and owns his feed stock.
For refinery, he should have acquired and owned his oil well to produce and supply his refinery. That way, he would have been self sufficient and not being made to become a content creator as seen in previous clips.

ednut1:
how is it great news He is using dollars to buy the crude. Meaning the refined product will be expensive

depends on the quality of crude he sort, Remember they said Nigeria oil is Lamborghini oil which makes is expensive

Just like any producer Dangote might be trying to cut costs by mixing higher and lower product, besides Nnpc agreed daily supply to dangote is below its standard capacity and i am sure those knuckleheads will still fall short

id4sho:
I disagree ma'am, can't the refinery work with one crude oil grade

Refineries work with different grade .... depending on the demands ..... especially from different countries........

Sleekfingers:
Refineries work with different grade .... depending on the demands ..... especially from different countries........

Read the quote

chidiokay:
depends on the quality of crude, Remember they said Nigeria oil is Lamborghini oil which makes is expensive

Just like producer Dangote might be trying to cut costs by mixing higher and lower besides Nnpc agreed daily supply to dangote is below is standard capacity and it's sure those knuckleheads will still fall short

LWKMD.

Nigerian Goverment is very terrible in doing business

Dangotee is part of the Northern hegemony that kept Nigeria down. Take it or leave it. Since I was born, I have been hearing of that man as Nigeria gets worst.

The joke is on u bro.

WorkTheTalk:
NNPC in the mud. You think Dangote is Nigerian looters ATM (treasury) that you have looted for the past 3 decades via refinery maintenance, oil importation and fuel subsidy.

Since Dangote refinery came on board, NNPC has being playing the usual dirty games to frustrate it, and sold the dummy to the gullible public that Dangote wants to monopolize oil sector. NNPC can now continue with fuel importation, while Dangote import crude oil. Game on.

For those who swallowed the baits from NNPC and its corrupt affiliates to blame Dangote of oil sector monopoly, you can now tell your friends and family members to build refineries, buy cheap crude oil from NNPC, produce fuel locally, and sell cheaper than the current NNPC controlled fuel price. Let Dangote breathe.

American crude has high sulfur content. . Refining it is more stressful and expensive, asides the importation of it.

In the end, he will say that he is selling to NNPC at N1,500 per litre. . I hope he get international buyers for his refined product, because Nigerians cannot and will not continue to bleed to death with poverty because we want Dangote business to make enormous profits.

The refinery was created buy power players in the North, to pipe and siphon the remaining Nigerian revenue, but Tinubu came a scattered the whole framework. That is the issue.

iLoveYouToo:
I agree in part, he’s a major beneficiary but some people are bent on making him look bad. I’m not an insider but I’m very sure that man has made sacrifices for this country. It’s saddening that patriots are often demonized and made to look like the problem rather than part of the solution, absolving the main culprits - the system


The real question here is: who is the system?

Dangote can decide to source for his crude and export 100% of his output, whilst paying the necessary taxes to LASG and FG and still break even by miles.

Ask yourselves why our government owned refineries haven’t been able to function at optimal capacity for over 20 years - the system.


…Yet we keep blaming Dangote 🤦‍♂️

Oga nobody is painting anybody black. Why must dangote be on the headline everyday. It's a private business for christ sake. Let him run it privately. Ever since he exposed the subsidy in fuel importation and Malta saga, he has been rejoicing while Nigerians are suffering. This is because the money allocated for the subsidy is not visible in any development or empowerment of Nigerians yet fuel has reason from 600 to 1100. Making foodstuff and other commodities increase geometrically.

ednut1:
how is it great news He is using dollars to buy the crude. Meaning the refined product will be expensive

Don't mind that one.
Some people are very dull

He simply looking for means to get cheap dollar like he enjoyed while building the refinery.

FX arbitrage vomit better and faster cash .

ednut1:
how is it great news He is using dollars to buy the crude. Meaning the refined product will be expensive

..and using dollars to import the crude oil which will devalue and deprecriate the naira against the dollars for Importation is the cause of deprecriation of the naira against the dollars

NIGERIANS KEEP SHOWING THE WORLD WHO THEY'RE AND HOW THEY OPERATE IN THEIR MOTHERLAND, WITH FRAUD YOU WILL NEVER LIVE IN PEACE,DANGOTE LEAVE NIGERIA CRD OIL AND PURCHASE CRD OIL IN UNITED STATES, SHAME ON ALL OF YOU LIVING AND OPERATES IN NIGERIA

Importing crude..and when his fuel is expensive we start complaining.. imagine a country blessed with abundant crude oil...it's a pity

Your nigerian marketers are not buying from him. So don't worry about cost. He is producing for export. Nigerians can continue using dirty fuel form the international market

ednut1:
how is it great news He is using dollars to buy the crude. Meaning the refined product will be expensive

shonepa:
The joke is on u bro.

No time for jokes. Nigeria is in a mess due to its corrupt leadership, and the gullible supporters.

And tomorrow now when the exchange rate climbs to 1800 naira to a dollar we will start complaining....this is what deprecriates the naira and make it lose value against the dollars.. Importation ..by now all this Importation of crude oil and fuel should had stop and focus more on domestic supply of crude oil and fuel production locally in Nigeria

brain54:
What an unstable and unpredictable economy...

For any investor to put their money.

The FG really has a lot to do to boost investor confidence... Especially foreign ones.

As for Dangote I do not know if it was excessive greed or balls of steel that got him into this.

I will wager on massive greed!

,the NNPC is not supplying Dangote enough crude oil for his refinery

lol….dangote refinery must enter news everyday sha….i think the media should boycott any news from the refinery abeg

Bolingua1:
What of the crude for Naira purchase

..it has finished and NNPC is not supplying him enough of crude oil for his refinery

adebowales:
he isn’t going to sell it here, marketers are still the ones importing our fuel, there is no sign for reduction in price of fuel at all. This country ehn

.. Importation that is the cause of the naira depreciating and losing value against the dollars....

He has an oil field, though not optimally producing at the moment but he still needs stocks to meet up with the installed capacity. I think he relaxed because NNPC has shares in the refinery and that was supposed to guarantee him crude supply... lquote author=MarketDispatch post=132967287]

This is one aspect of Dangote's business where I think he wasn't smart and calculative.

For Cement, he acquired and owns his feed stock.
For refinery, he should have acquired and owned his oil well to produce and supply his refinery. That way, he would have been self sufficient and not being made to become a content creator as seen in previous clips.[/quote]

budaatum:
Most refineries need a mixture of different crudes, so Dangote importing is no surprise. Even when USA had enough crude oil of its own, they still imported different grades of crude from elsewhere.

Why not build a refinery that suit our crude. It doesn't make sense

xrucifix05:
Oga nobody is painting anybody black. Why must dangote be on the headline everyday. It's a private business for christ sake. Let him run it privately. Ever since he exposed the subsidy in fuel importation and Malta saga, he has been rejoicing while Nigerians are suffering. This is because the money allocated for the subsidy is not visible in any development or empowerment of Nigerians yet fuel has reason from 600 to 1100. Making foodstuff and other commodities increase geometrically.

Media houses and blogs want to capture audiences, how is it Dangote group’s fault that they’re in the news everyday?

MarketDispatch:
This is one aspect of Dangote's business where I think he wasn't smart and calculative.

For Cement, he acquired and owns his feed stock.
For refinery, he should have acquired and owned his oil well to produce and supply his refinery. That way, he would have been self sufficient and not being made to become a content creator as seen in previous clips.

U cant do all at once...
Oil Well ..Refinery...Retail Outlet..
Once he can accomplish the above...
NNPC is a goner

odejimioflagos:
This is great news.

How? Won't the refined product be more expensive?

WorkTheTalk:
NNPC in the mud. You think Dangote is Nigerian looters ATM (treasury) that you have looted for the past 3 decades via refinery maintenance, oil importation and fuel subsidy.

Since Dangote refinery came on board, NNPC has being playing the usual dirty games to frustrate it, and sold the dummy to the gullible public that Dangote wants to monopolize oil sector. NNPC can now continue with fuel importation, while Dangote import crude oil. Game on.

For those who swallowed the baits from NNPC and its corrupt affiliates to blame Dangote of oil sector monopoly, you can now tell your friends and family members to build refineries, buy cheap crude oil from NNPC, produce fuel locally, and sell cheaper than the current NNPC controlled fuel price. Let Dangote breathe.

With your kind of reasoning, I am confident that there is hope for this nation.