₦airaland Forum

Baxilexi:
*For the sake of the larger audience.

Read carefully my previous post, I support his refinery because it’s mutually beneficial but the brand Dangote is selfish, self absorbing, and unpatriotic.

Expanding the narrative… all over the world there comes a point in a man’s life where he chooses integrity, industry and immortality over money. In America today those who wield power are those breaking out of the private sector and working to fix the ills in government so it can be just as efficient as the private sector. Same is happening in Europe.

Dangote for year has been in tandem with successive governments to exploit the average Nigerian. Can anyone list 5 public infrastructure donate by his company to improve the welfare of Nigerians? Has he built a public library? or a stadium? Or public schools? Or supported technology and research?

Bill gates is an American that could have chosen to spend every penny he has on exotic shoes, cars and women but his company global good bridges the gap between death and survival in many third world countries. Same as the Dutch royal family.

All Dangote craves is to wear the title ‘richest man in Africa’ in the poorest country in the world, what paradox.

Kwame Nkurumah said “ let us all remember that nothing can be done unless it has the purport and support of God.

We have won the battle and again rededicate ourselves … OUR INDEPENDENCE IS MEANINGLESS UNLESS IT IS LINKED UP WITH THE TOTAL LIBERATION OF AFRICA.”

I dare say the same of Mr Dangote’s empire, it has not liberated (save his refinery) Nigeria/nigerians since inception, its imperialist and not an inspiration to Nigerians.

Again, it’s my opinion.

Dangote is not our cousin. He took a huge risk in setting up the refinery and if something happens. For instance, if there is unrest and his facility is destroyed, all the billions of dollars is at risk. He borrowed huge amounts to do this in the country when his counterparts preferred to set up their refineries outside the country.

Was it Dangote that increased fuel price at the onset? No. Is he the one reducing it now? Yes. Which people are the ones crying at the reduced amount? We know them. So why not direct your complaint to those people who are bent on keeping this product on the high side?

Even if you want to avoid a monopoly, NNPCL is the one to hold responsible. You need to be able to affirm how much they are currently contributing in terms of refined fuel and what the concrete plan is to attain their maximum refining capacity. If NNPCL do the needful in this regard, monopoly will die naturally.

galserv:
GEJ should have stood his ground just like Tinubu is doing today

That's what makes a leader

I supported subsidy removal back then

Maybe, maybe not. If that was to happen, Jonathan ought to have ensured that the opposition party was crushed as far as 2011. Once the opposition was allowed to rise, there was little he could do again.
When opposition galvanized the people against the policy, the best thing for a reasonable government to do is to allow the wish of the people prevail and that was what Jonathan did.
You can come around and said Tinubu is bold and I will disagree with you. There are two reasons why removing subsidy is easier for Tinubu.

The first is that they are the main opposition leaders inciting people against the policy. Once they come to power and embrace, no other opposition exists to counter them. PDP, now in opposition who had once advocated for removal of subsidy cannot turn around and use it to gain support.

The second reason is that apc under Buhari has bled the country into red and threw the country into homongous debt. No resources is available to fund the subsidy anymore, to continue to run the regimes of subsidy is to inevitably collapse the country's economically. So it is not as if Tinubu had any choice but to insist on removing the subsidy. I always tell people around me that even if Obi had come into power, he wouldn't have had any choice but to insist that subsidy go. Maybe he would have done it better and not like a drunk person announcing subsidy removal from Eagle's square on his inauguration date is entirely subject of debate.

What I always find disgusting is when Tinubu is praised for removal subsidy. Only short sighted, myopic people would praise Tinubu for removing subsidy he once campaigned didn't exist. If subsidy has been allowed to go during Jonathan's time without all the politics and lies Tinubu and his apc attached to it, Nigerians would have been better off. Things would be rough, but it would never have been as horrible as people are currently witnessing it. For me Tinubu and his cohorts have never been patriotic in their quest for power. They are people who were ready to run the country aground if that is the only way they can get power. When we have windfall and Okonjo Eweala advocated for creation of sovereign wealth fund and creation of excess crude account, Tinubu and dem Amaechi raised litigation against the incumbent government then insisting that those accounts are not recognised by constitution and money should be shared. Those who have good memory will always know that Tinubu's quest is just to have access to power for personal aggrandisement, the overall interest of Nigeria and Nigerians has never been at the centre of his ambition.

Nigerians themselves need to suffer the consequences of delayed subsidy removal because they chose to believe lies and listen more to their emotions than being objective.

U heard it from me 1st.
Tell bros Dangote say I hope im get ready fire brigade with enough water tankers and helicopter tankers.
Dem don drop money for im fellow Fulani brothers to do the needful, ie RPG the Refinery.
I hope u know who the dem be.

Baxilexi:
“We cannot buy a product at N889, and over the night, the prices are dropped to N825, which is unfair.

Yes you can;
1, You’re not forced to sell below your cost price immediately,
2, if it was an increment your like will up the price instantaneously, so stop being deceptive,
3, it’s a wide margin of profit for you, 100 liters at 88,900, will become 82,500 on your next purchase, a whopping 6,400/100L stashed away or reinvested. What is the actual issue?
I do not support the Dangote industry for personally reasons, but his venture into the oil and gas sector should in theory have turned the country’s economy around for the better. I still hold that the true cost of PMS lies at circa 500 NGN. Marketers and NNPC fight vehemently to resist any downward trend in prices and this is seconded by the presidency.
I believe at this point the sector needs to be regulated. Deregulation was a farce, and now unionism is crippling productivity. We have refineries, we don’t need so many players in the field, they should divest.

@FG, build freggin railways connecting the major cities in Nigeria. Even if not for commuting of passengers but for rapid dispatch of goods and services. It’s too basic to be delayed.

How come Tinubu has borrowed more money than any other president in a 2yrs span?

Tinubu moved the national debt from 87 trillion to 142 trillion in less than 2yrs

galserv:
We were borrowing money to pay subsidy

Now that has stopped

DMerciful:
How come Tinubu has borrowed more money than any other president in a 2yrs span?

Tinubu moved the national debt from 87 trillion to 142 trillion in less than 2yrs

He has been borrowing money for PROJECTS not consumption

Story for the gods.

He should have used the money from subsidy removal for projects.

Tinubu destroyed the value to the naira hence borrowing much more to do little

galserv:
He has been borrowing money for PROJECTS not consumption

DMerciful:
Story for the gods.

He should have used the money from subsidy removal for projects.

Tinubu destroyed the value to the naira hence borrowing much more to do little

There is NO money from subsidy removal. We were borrowing money to pay subsidy!

How come the debt of Tinubu under two years almost double the presidents since 1999 even though GEJ sold petrol at N87/lit and the presidents before him sold far less?

galserv:
There is NO money from subsidy removal. We were borrowing money to pay subsidy!

galserv:
He did. But the devaluation of the Naira reintroduced it until it began to be factored in.

I now get your point, continue to defend bad government!

Wimkeh:
I don’t support the subsidy merchants but trust me, you do not want Dangote to monopolize the fuel sector. It’ll be very bad. He’ll be the sole determinant of fuel price just like cement.

that’s the reason the federal government should make our refinery work. Let the competition be local(between Nigeria public and private refineries) not import substandard products from other countries in dollars thereby making us lose more fx

DMerciful:
How come the debt of Tinubu under two years almost double the presidents since 1999 even though GEJ sold petrol at N87/lit and the presidents before him sold far less?

Naira devaluation is responsible among other factors

But when the price of petrol kept going up and up to over 1000naira per liter we didn't hear or get this complains now, you guys were very quick to always review the prices upwards because it favors all the marketers.
Thank God Dangote refinery has come to stay,no matter the level of sabotage or discrimination Dangote refinery will continue to wax stronger

Tinubu turned the naira to tissue paper

galserv:
Naira devaluation is responsible among other factors

DMerciful:
Tinubu turned the naira to tissue paper

Nope.

Rather, Godwin Emefiele who invoked NGN22Trillion electronic cash from thin air via 'Ways and Means' and injected it into the economy 'turned the naira into tissue paper'.

Got it?

Evil people contradicting themselves. The problem is not that Dangote or local refineries cannot meet demands or are creating a monopoly like they are claiming. Their problem is the crash in the price of the commodity by Dangote. Obviously, these so called marketers just want to continue ripping Nigerians.

When Tinubu took over May 29, 2023, what was exchange rate?

galserv:
Nope.

Rather, Godwin Emefiele who invoked NGN22Trillion electronic cash from thin air via 'Ways and Means' and injected it into the economy 'turned the naira into tissue paper'.

Got it?

DMerciful:
When Tinubu took over May 29, 2023, what was exchange rate?

Whatever it was, it was fake and heavily SUBSIDISED.

Also there was a NGN300+ disparity between the CBN rate and the parallel market rate which had almost been completely eliminated by Tinubu today.

Everything was fake and heavily subsidized from 1999 until Tinubu the illegitimate president came.

Clap for yourself!

galserv:
Whatever it was, it was fake and heavily SUBSIDISED.

Also there was a NGN300+ disparity between the CBN rate and the parallel market rate which had almost been completely eliminated by Tinubu today.

DMerciful:
Everything was fake and heavily subsidized from 1999 until Tinubu the illegitimate president came.

Clap for yourself!

Sure!

Nigerians have been living on SUBSIDIES for some time now

Go and check the facts. Everything used to be SUBSIDISED.

Those presidents had capacity to create wealth hence subsidies.

Starting from Buhari to Tinubu, they only borrow, lack capacity to generate wealth. They also ran corrupt and wasteful govts

galserv:
Sure!

Nigerians have been living on SUBSIDIES for some time now

Go and check the facts. Everything used to be SUBSIDISED.

DMerciful:
Those presidents had capacity to create wealth hence subsidies.

Starting from Buhari to Tinubu, they only borrow, lack capacity to generate wealth. They also ran corrupt and wasteful govts

Obasanjo met Nigeria in huge debt in 1999. So who piled up the debt

Come on, Nigeria has been living a fake life ever since.

Did obj not reduce the debt and also paid subsidies?

galserv:
Obasanjo met Nigeria in huge debt in 1999. So who piled up the debt

Come on, Nigeria has been living a fake life ever since.

DMerciful:
Did obj not reduce the debt and also paid subsidies?

He got DEBT FORGIVENESS and tried to REDUCE the subsidies. But they were still unsustainable.

You're trying to be clever by half.
Obj paid some debt and was pardoned for some.

He paid subsidies.

Accept that Tinubu has failed woefully

galserv:
He got DEBT FORGIVENESS and tried to REDUCE the subsidies. But they were still unsustainable.

DMerciful:
You're trying to be clever by half.
Obj paid some debt and was pardoned for some.

He paid subsidies.

Accept that Tinubu has failed woefully

Nope. It was deal OBJ made with our creditors. He paid 12billion dollars to get 18billion dollars wiped out. Yet where are we today

Obasanjo SCRAPPED a number of subsidies before leaving. Only PMS was left among the petroleum subsidies.

Tinubu is doing well and his tenure is NOT yet over. So you cannot say he has failed.

Got it?

Wimkeh:
In time? How many years did it take this one to come up?

Its better than relying on all the useless importers with their substandard fuel they always import.

Goldsplash:
Dangote should build his own fuel stations, it will force all these greedy marketers to have a rethink.

He’s in partnership with MRS petroleum. All MRS nationwide sell Dangote petrol and most people buy from MRS.

cyberguy72:
Its better than relying on all the useless importers with their substandard fuel they always import.

I understand you. But it’s scary for one man to have all that power.