₦airaland Forum

CodeTemplarr:
You see why pressure is on Naira and it isnt gaining as much value as it should?
In our top 10 import list, 6 can be locally produced.

. Na so Nigerians be. We don't want progress. China became what it is today because they wanted progress and worked towards it. Let's continue; we sint seen anything yet.

Kelklein:
Stealing and falsification of figures can only happen with importation.. it would be hard if everything is domestic..

That's why some people would do anything to make sure importation persists..

And to think that it's those in high places elected to serve the people perpetrating this is really disturbing..

Isn't it utterly absurd that Dangote produces and exports, then you go abroad to import same product. blended one that is less quality?!

Something is really wrong with our brains.. Nigeria doesn't deserve being treated like this. This is not patriotism. Patriotism is not just singing National anthem up and down. Patriotism means love for country. But here everyone just looking for ways to keep violating the country for pecuniary gains.

Please, kindly educate me on this falsifying of figures and falsifying of daily PMS consumption in Nigeria. Is Government still paying subsidy? Are there other payments Government is paying based daily consumption? I am aware Petroleum Equalization Fund (PEF) makes payment for bridging gap. What are the other things that can cause falsification of figures?

This is the reason they are against DANGOTE. The Cabals will be against him. Tinubu blocked subsidy, DANGOTE wanted to close loopholes.

Lithiumite:
What is the man's fault in allowing free market in the petroleum sector.....do you even have any understanding of the issue... .what is happening is good as it will engender competition which will drive down prices or keep it from going too high.

They must rope in the president,it shows our lack of objectivity when discussing national issues and that's not going to help us in getting solutions to issues and moving forward.

Fiscus105:
Let Dangote reduces margins of his profit by bringing price down, importers would be forced to patronise him, and let the regulators make sure the importers not allowed to bring substandard to the country, because of differences in prices.


Our concern as masses is to buy cheaper and quality petrol and less concerned about who produce the product.

His petrol is the cheapest

Stop patronizing those marketers that import and patronize stations that buy from dangote

bigpicture001:
Let this marketers rest and that why I will like. Obi for president...

He will simply place a ban on them...

Possibly 50–70% of Obi's business empire is based on IMPORT.
Not just him, but his friends, associates, and people who support him.

He won't wake up and ban such imports.

Fiscus105:
Read my comments and make sure you understand and stop following Dangote gragra, if Dangote Petro is profitable for the importers, they won't bypass him and go for foreign imports.


Have you for once asked urself, the gains, you as a citizen gaining from ban they place on cement importation? The skyrocketing gain the cement manufacturers are gaining, have they sent a penny to your account once? Did you know how much cement cost today and the amount it would be, if they lift ban? The same goes to rice importation before they partially lifted the ban.

Provided the Petrol importation is not substandard, let the competition continue.

So how do u know d importation is not substandard?dangote is selling in europe as his fuel meets european standard.petrol importation n cement is not d same.cement has name so if u hav diff manufacturers u choose d one wit quality.Its not d same for fuel.u buy petrol at statuon without knowning source.Even d guy at d pump dont even know d source.i was once a petroleum inspector for discharge of petrol at apapa lagos n i can tell u they bring in cheap rejected petrol jst to make profit....so yes dangote was right on this.

I align with this statement as it reflects the same sentiments that I have.

I'd prefer that govt is 'pro-markets' rather than just 'pro-business'.

Provided the Petro importation is not substandard, let the competition continue.[/quote]

Fiscus105:
Read my comments and make sure you understand and stop following Dangote gragra, if Dangote Petro is profitable for the importers, they won't bypass him and go for foreign imports.


Have you for once asked urself, the gains, you as a citizen gaining from ban they place on cement importation? The skyrocketing gain the cement manufacturers are gaining, have they sent a penny to your account once? Did you know how much cement cost today and the amount it would be, if they lift ban? The same goes to rice importation before they partially lifted the ban.

Provided the Petro importation is not substandard, let the competition continue.

iwaeda:
https://punchng.com/fuel-imports-surge-to-71-as-marketers-ditch-local-refineries/

BAT lacks the capacity and political willpower to manage these things, yet he is the president. During the campaign, "I will do this, I will do that." Easier said than done.

I still think the inability of NNPC to supply cheap crude oil to Dangote is at the heart of this issues. Dangote is forced to import crude from USA thereby increasing its cost of production. Most of Nigeria crude has been used in securing loans in the past, especially during the subsidy regime.

professorPABX:
Please, kindly educate me on this falsifying of figures and falsifying of daily PMS consumption in Nigeria. Is Government still paying subsidy? Are there other payments Government is paying based daily consumption? I am aware Petroleum Equalization Fund (PEF) makes payment for bridging gap. What are the other things that can cause falsification of figures?

This is the reason they are against DANGOTE. The Cabals will be against him. Tinubu blocked subsidy, DANGOTE wanted to close loopholes.

PEF has since been abolished. It was introduced to ensure uniform price of fuel across the country. That too was abused by our people as usual.. that's why you see price increase as you move Northwards..

There are vested interests in high places facilitating this importation business and their only motivation is that they would be able to claim subsidy on false importation figure not necessarily because the importation is so profitable.. yes subsidy still happens through the backdoor..

they do all these things and give us the reports later. That's how Government is run in Nigeria. Remember the ways and means?!

YeyeGbami:
These ones never know wetin hit them, it is not business as usual.

My own is they should not cry when dangote starts direct distribution with the new trucks. First to do no dey pain .

It is pure sabotage, Why give forex to importers in the first instance.? They want to discourage local production and cripple Dangote refinery. Some of the importers are even given foreing loans just to enable them to import.But the question is, for how long will they be able to sustain this madness? By the time Dangote Trucks hits the road and he gives credit facilities to the filling stations directly they will be out of business.

FreeStuffsNG:
They are a dying tribe
They have not learnt their lesson. Only pooling resources to build , operate, refine and supply your own channels can keep their heads above water. The game is up.

Most of them are in serious debt and struggling to compete only out of ego. In few days time, Dangote Refinery will launch its 4,000 CNG-powered trucks to directly deliver PMS to outlets so while they are waiting for PMS that's still on the high seas, Dangote Refinery and the other local refineries have serviced orders and cornered the market. Lobatan.


NIPCO Plc, umbrella body of independent marketers, was buying hotels everywhere when it was swimming in profit instead of building refineries. Smh. They should use their hotels to refine crude nah.

They lack visionary leaders but rich in very narrow business-minded leaders.

When did NIPCO become umbrella body for marketers? You're spreading fake news and demarketing NIPCO through cyberbullying and criminal defamation. Be ready to do the time for your crimes

bdon123:
Dangote is currently selling at lower price ...check stations like MRS n other dangote affiliated stations n see for urself.

That is good then, the marketers who are importing will be forced to sell at lower prices as well.
That's the beauty of deregulation.

Fiscus105:
@ Ur bolded. You are one of few here who is not only wise but also not allowing sentiment to impair m Ur sense of reasoning.

Meanwhile, Dangote forgets Tinubu is also petroleum guru, he too, owns Oando to understand any gimmick Dangote planning to play, the way he played former presidents into outright banning of cement imports and now, only the rich can build house.

Thank you for acknowledging the bolded.
Some people are letting their hatred for Tinubu as a person cloud their judgement of Tinubu's actions as the president of the country.
Dangote has been playing a game of emotion and victimization for some time now.
He wants to convince or even blackmail the president using the "Nigeria first" policy to make Tinubu push for a suspension of important of fuel.
Then Dangote will become a monopoly, create artificial scarcity and jack up prices.
Unfortunately for him, Tinubu understands the game in the petroleum sector very well and will never fall for that plan.
Let Dangote and other local refiners compete for the share of the market with other marketers.
Market forces will continue to drive prices and Nigeria will be better for it.

Fiscus105:
Let Dangote reduces margins of his profit by bringing price down, importers would be forced to patronise him, and let the regulators make sure the importers not allowed to bring substandard to the country, because of differences in prices.


Our concern as masses is to buy cheaper and quality petrol and less concerned about who produce the product.

This thought process is faulty. You can’t allow others to dump products in your country to undermine your local industries just so you can get cheaper price. What if they are selling the products below market value just to make sure the local industries are not viable. That is the reason countries place tariffs on imported product to give equal playing field to local industries because it is the local industries that creates wealth and jobs for the country not the imported products.

ponziponzi:
This thought process is faulty. You can’t allow others to dump products in your country to undermine your local industries just so you can get cheaper price. What if they are selling the products below market value just to make sure the local industries are not viable. That is the reason countries place tariffs on imported product to give equal playing field to local industries because it is the local industries that creates wealth and jobs for the country not the imported products.

You should also know, nations shouldn't protect economy to the advantages of few oligopolists.

Kukutente23:
When did NIPCO become umbrella body for marketers? You're spreading fake news and demarketing NIPCO through cyberbullying and criminal defamation. Be ready to do the time for your crimes

You're uncouth and absolutely ignorant not to know that IPMAN is the promoter of NIPCO Plc.
I will not indulge you with the free education but immediately report you to the mods for your cyberstalking and malfeasance.

Fiscus105:
You should also know, nations shouldn't protect economy to the advantages of few oligopolists.

The fuel importers are the oligopolists. They contribute nothing to the country and have been holding the country hostage for years. If they want to compete as they claim, they should build their refineries here in Nigeria, employ Nigerians to refine it.

Dangote should open up his own filling stations and sell his own price .. if he sells lower than that price of all this marketer and whatnots , lets see ifbthey will not get sense and patronise him by the time Nigerians boycott every filling station link yh these marketers ..


Dangote has the means.. he should open up his own filling stations outlet all over the country ..

Urgent1Million:
That is good then, the marketers who are importing will be forced to sell at lower prices as well.
That's the beauty of deregulation.

U are not getting it.dangote is in partnership wit abt 6 petrol retailers who sell dsngote fuel alone.now those 6 are not even d bigest petrol sellers in d country as they dont really hav so many brances web compared wit d others.this has made dangote to turn to a retsailer by buying 4000cng trucks to deliver prtrol all around d country.the next thing u will hear he has leased or built petrol ststions to bring d fuel closer than d people

bigpicture001:
Let this marketers rest and that why I will like. Obi for president...

He will simply place a ban on them... That was exactly how the cement industry grew... The govt of ObJ barred import to help local manufacturers...

Tinubu is supposed to do same to save the sector.. but no! He is busy with 2027 politics

You are not talking about Dangote and his greed that made them to go back to importation.

ponziponzi:
The fuel importers are the oligopolists. They contribute nothing to the country and have been holding the country hostage for years. If they want to compete as they claim, they should build their refineries here in Nigeria, employ Nigerians to refine it.

Tell people who understand economics to tell you, the meaning of oligopoly, I already know the terminology would confuse you

Meanwhile, Tell Ur Dangote to compete in the same conditions with importers and win in a more dignified way, I think they say he is richest, he shouldn't fear competition nah.

Tinubu has made the Port Harcourt Refinery to be working since 2024 expecting Warri Refinery to follow soon before the end of 2025 WHY importation or the IMPORTERS ARE NOT AWARE OF THIS. OR the Importers are doing this to spoil TINUBU GOVERNMENT. (APC GOVERNMENT from Change to Hope now Renew Hope.) A CARE TAKER should be appointed to take over the NNPCL just like RIVER STATE that settle the whole matter of fuel.

Silentgroper:
Dangote should open up his own filling stations and sell his own price .. if he sells lower than that price of all this marketer and whatnots , lets see ifbthey will not get sense and patronise him by the time Nigerians boycott every filling station link yh these marketers ..


Dangote has the means.. he should open up his own filling stations outlet all over the country ..

He can’t do it, Downstream is purely a liquidity-based business.
Are you willing to advance him your 6 months fuel money so he can pay in advance for crude?

lithiumnigeria:
He can’t do it, Downstream is purely a liquidity-based business.
Are you willing to advance him your 6 months fuel money so he can pay in advance for crude?

.

I do not get it . Doesn't he already produces Petrol .. instead of distributing to marketers who chooses to import due to whatever greediness is wrong with them ..


He creates multiple outlets and sell at his own retail price .. doesn't he earn triple the amount back and then pays for his crude or whatever.

If he goes this way, I'm pretty sure it will end the drama with this marketers and probably bring them to their feet that's if they don't try to sabotage the move ...

Urgent1Million:
That is good then, the marketers who are importing will be forced to sell at lower prices as well.
That's the beauty of deregulation.

Exactly what I was saying ..

If he then tries to open his own privately owned filling stations.. he will completely deal with this marketers..

Fiscus105:
Tell people who understands economic to tell you meaning of oligopolists, I already know the terminology would confused you

Meanwhile, Tell Ur Dangote to compete in the same conditions with importers and win a more dignified way, I think they say he is richest, he shouldn't fear competition nah.

Tank farm owners, tanker operators, and middlemen in the oil industry still want to continue with business as usual, not realizing that the landscape has changed and the old model is no longer sustainable. I understand it can be difficult to let go of such a lucrative business, even when it is ultimately bad for the country.

I don't think Dangote is worrying. He is doing exactly what he should be doing, which is investing in his own distribution network. He plans to supply retailers directly, free of charge. If any retailer refuses to source from him, he is prepared to enter the retail business himself and potentially push them out of the market. They are joking; they think it is easy to invest $20 billion. He will be ruteless

Kelklein:
PEF has since been abolished. It was introduced to ensure uniform price of fuel across the country. That too was abused by our people as usual.. that's why you see price increase as you move Northwards..

There are vested interests in high places facilitating this importation business and their only motivation is that they would be able to claim subsidy on false importation figure not necessarily because the importation is so profitable.. yes subsidy still happens through the backdoor..

they do all these things and give us the reports later. That's how Government is run in Nigeria. Remember the ways and means?!

Thanks for the information that SUBSIDY still happens, thanks for that information. I know PEF have been abolished but I was confused when DANGOTE was mentioning falsification of figures about PMS consumption repeatedly. He said the pms importers and Ally in government have been inflating figures. I have been wondering about what concerns Government, Nigerians and DANGOTE with figures since no payment is based on the figures and no subsidy on FOREX for essential commodities and no CRUDE OIL Swapping Deals again.

During JONATHAN Government when crude oil was above $110 per barrel. 1. Subsidy was been paid 2. CRUDE OIL Swapping Deals was on. My personal friend worked with a popular downstream oil company at Lekki Phase 1 as Bunkering Superintendent. Wallahi, it was deal galore. Everyday at that company was like CHRISTMAS. It seems the external Caterers that supply Lunch foods always prepared for visitors. The environment was always in festive mood with every staff happy celebrating one thing or the other. I always took time to visit my friend whenever I visit Lekki provided he is not at Apapa Jetty.

Few months after BUHARI came, I visited, the place had changed. It was like a mourning period. The deals have stopped and their company listed among companies being investigated by EFCC. They complained that companies with very strong interest in Buhari Government are still enjoying the subsidy and other deals. They said they are being victimized because their Chairman's wife is Mama Peace Jonathan personal friend.

prophetfire:
You are not talking about Dangote and his greed that made them to go back to importation.

Dangote is not anything near greed .. do u imagine that all of them together can import more than Dangote..?

He believes in doing the right thing and taking advantage...

See, there is no how u can produce in naija and it will b cheaper than imported stuffs.. especially oil which many countries under sanctions subsidies to survive...

In Nigeria, u gat to pay huge wages to more than 2000 persons.. pay import duty on crude import, pay for security pay for light, pay alot of endless taxes..... So why do u think that it will b cheaper than importation....


If the government is serious, it will use the ban to strengthen the naira, grow employment, invite competition, and create national revenue and national income....

iwaeda:
https://punchng.com/fuel-imports-surge-to-71-as-marketers-ditch-local-refineries/

Welcome to the rat race of survival. Marketers have existing relationships with the foreign market, the foreign market is ready to dip prices to stay afloat, so they call their loyal customers giving them deals that are too good to refuse. The only way Dangote can survive is through either government fiat or price war till the competition bleeds out or he creates a complete downstream chain that will take out old marketers. Business is war!

We all know who the big masquerade behind these imports is