₦airaland Forum

CodeTemplarr:
May thinda also locate yours along with you.

Your household will never know peace, you and your political cacoon will know perpetual sorrow - your life will end in shame and destruction - dry season will be your portion - poverty will visit your family. That same thunder will kill you tomorrow and everything that is attached to you, stupid boy.

You will continue to live a miserable life, if not for naira land if I catch you I will ensure I render you a useless bastard.

thesolutions:
Because those that sells electronics and gadgets charge in dollars since they are imported in dollars. Does marketers that import fuel sell in dollars.
We expected the naira to gain value since dangote started exporting petroleum products but that has never happened because the dollar doesn't pass through the government but in dangotes coffers. How is that beneficial to the government.

Dangote is out to end Nigeria. Not to fix it.

How will the Naira gain value when the same government is in cold-war with Dangote? Dangote is not responsible for the strength of the Naira but your elected officers came to power on the back of the promise that they will address it so hold them responsible. Naira will become stronger when NMRDPA, NNPCL and co-collaborators de-emphasize importation of PMS when we have excess local supply. They are the ones that claimed that Dangote was producing substandard fuel which turned out to be a lie. They are the ones that said Dangote doesn't have enough products, hence the importation which is also a lie to justify their knack for importation. They are the ones that increased the price by a sharp margin late last year. They were still the ones crying all the time Dangote reduced his price. 
 
Dangote is saying that his exposure/obligation/loan for the refinery is not in Naira but hard currency US dollars. That's very important because he has taken a huge risk as he will be exposed to liabilities in foreign currency should anything happen and this part of the world is not somewhere that you can trust that the rule of law will always hold sway. He took that risk investing in refining business here where many declined including bigtime international oil companies and one of the succor he had for taking the risk was the agreement that the government will provide him with crude oil in the exact naira equivalent of what he would have paid in dollars. 
 
For every loan repayment Dangote has to make, there is already a naira loss for them due to the fact that the rate at the time of obtaining the loan compared to now has changed considerable and there is every risk that the rate will still increase so Dangote is not ready for that risk which is too weighty. 
 
With all due respect, it is not really wise to compare importing of fuel to private investment in a refinery that cost $20billion. You cannot ask Dangote to not sell in dollars because people that are importing are selling in Naira. They are not the same thing.

Dangote is neither out to destroy nor to fox Nigeria. He is not out to destroy it but he’s just a business man with loan hanging on his head. He doesn’t have any authority to stop the government from making their refineries work. At least we have state owned refineries working efficiently in other countries, why must ours be different? If the refineries here are truly working, Dangote cannot monopolize anything. Even if they can’t fix it, why not hand it over to private players in a transparent manner and with due process? Dangote is not here to fix Nigeria because he is a business man like many others and there are people are being paid heavily to do the job. Why not point your finger on them?

With all due respect, the comment section is filled with people who either did not read the news or lack understanding.

The story says, NNPC has refused to sell crude to Dangote for refining. The company is even importing crude oil (in dollars) for refining which has raised the cost of production. It is only sensible for the company to also start selling PMS in dollars since it is buying crude in dollars.

Treshmike:
With all due respect, the comment section is filled with people who either did not read the news or lack understanding.

The story says, NNPC has refused to sell crude to Dangote for refining. The company is even importing crude oil (in dollars) for refining which has raised the cost of production. It is only sensible for the company to also start selling PMS in dollars since it is buying crude in dollars.

Everything here is programmed even for netizens - You see NNPC is behind crude hoarding - they have sold excess crude to a neighboring country in large supply they wouldn't want to part with dangote - I won't be surprised if there is a sudden increase in fuel pump price pms

MiddleDimension:
You should have had a tangible evidence before you can allege what you are alleging, don't you think?

Simple logic is all I need. The joke is on you if you believe Dangote is that honest to only sell all the crude he bought via the Naira deal to Nigerians alone

Iamthoney:
Simple logic is all I need. The joke is on you if you believe Dangote is that honest to only sell all the crude he bought via the Naira deal to Nigerians alone

Where is the logic in your baseless assumption. Is that what you would have done if you were in his place?

Soon

Ijobaorun:
When will #1 = $1 again?