₦airaland Forum

nairalanda1:
Dangote is not running any monopoly anywhere...not in cement, not in refineries.

There are other licence holders in the refinery sector that have not started work or refused to start work. Yes, subsidy prevented them, but now subsidy is gone. Instead of attracting funding, dem go play

There are five other refineries working...then BUA refinery is coming up.

Same for cement...there is mangal, bua, ibeto, etc cement.

leave those bitter south east people cos they are angry Dangote the biggest industrialist is not from their region. Cement has atleast BUA a major competitor to him and others too. Same BUA owner is building a 200k refinery in akwa ibom and audio billionaires can't even build one in south east. The sector is fully deregulated and so anyone with capacity can simply do. They think it is 2 by 2 shop we are talking about.

kedeojo:
leave those bitter south east people cos they are angry Dangote the biggest industrialist is not from their region. Cement has atleast BUA a major competitor to him and others too. Same BUA owner is building a 200k refinery in akwa ibom and audio billionaires can't even build one in south east. The sector is fully deregulated and so anyone with capacity can simply do. They think it is 2 by 2 shop we are talking about.

1.The chap i responded to may not be from the south east.

2.On this site, I find that most nigerians believe that Dangote is a monopolist. He ain't.

I have noticed that many people mistake his large market share for monopoly either out of mischief or deliberate hatred of the man. They refuse to admit that even though he has a large market share in cement, there are other products where he has to compete in the market and play second fiddle.

nairalanda1:
LOL...monopoly is complete control of the entire supply of goods and services in a market.

Dangote is competiting with imported petrol, and also with five other refineries and then BUA refinery will be on stream in a few years

In cememnt, there is dangote cement, and then there is lafarge, ibeto, mangal, and BUA cement.

If Dangote had a monopoly, all the others will not exist.

Na you wey no know wetin monopoly be...that is why you are asking rhetorical quesitons , because you have been beaten and you know it.

Wallade:
I agree that Dangote Refinery is not a problem; it is a big solution.

I also see your analogy on DAPPMAN being obsolete and the gradual extinction of Tank Farms in the Nigerian market.

However, a good understanding of Dangote conglomerate would reveal that his businesses thrives on monopolies - he wants pure monopoly of the downstream petroleum products market in the interim.

This will make it very difficult for new entrants into the petroleum refinery business to compete with his structures and dominace..

Dangote Refinery efforts to prevent her staff from Unionism is simply to totally influence and control the activities of her staff and prevent external influences - this can be good but the flip side is when Dangote Refinery takes advantage and exploit the staff, which will happen because Dangote Refinery is a capitalist organization, there will be no pressure group to defend the staff.

As for DAPPMAN, they really should look into setting up some refinery business of their own.

I agree with you where you said DAPPMAN should look into setting up some refinery business of their own. But you see this your stand on Dangote being a capitalist and preventing external influence, I want to believe that you're a stakeholder in the opposition who sees Dangote as a threat!

I will approach this issue from an ordinary Nigerian standpoint as we used to think that all of us want this country to move forward and knowing that one of the major issues we have in this country is fuel. Now a refinery has been able to solve that problem and issues are coming up from external unionism. This doesn't make any sense.

If they have issues, they should call him to a round table for a reasonable negotiation and not try to dictate to him how to run his own personal business.

I would love a situation where DAPPMAN members come together to build a bigger refinery to rival Dangote. He's not the only one given a license to build.

Wallade:
I agree that Dangote Refinery is not a problem; it is a big solution.

I also see your analogy on DAPPMAN being obsolete and the gradual extinction of Tank Farms in the Nigerian market.

However, a good understanding of Dangote conglomerate would reveal that his businesses thrives on monopolies - he wants pure monopoly of the downstream petroleum products market in the interim.

This will make it very difficult for new entrants into the petroleum refinery business to compete with his structures and dominace..

Dangote Refinery efforts to prevent her staff from Unionism is simply to totally influence and control the activities of her staff and prevent external influences - this can be good but the flip side is when Dangote Refinery takes advantage and exploit the staff, which will happen because Dangote Refinery is a capitalist organization, there will be no pressure group to defend the staff.

As for DAPPMAN, they really should look into setting up some refinery business of their own.

Which monopoly 18 companies where granted permit to build refinery
Nupeng and ptd can open their own union based refinery and stop feasting on somebody else hard .

koning:
Why Monaco?!.

Why can't he go to Calabar, Enugu or Akwa ibom to rest?

Why the obsession with Europe?.

8 Reason for Going to Monaco

1. Peace of mind
2. Chances to being kidnapped is low and if it does happen in Monaco, the kidnapper will be easily tracked and no ransome will be paid

3. If he gets kidnapped in Nigeria, it'll be hard to track and at least, 1 billion will be paid and he might still not make it out alive
4. In Monaco, he can walk on the street freely and there will no single disturbance and no almajiri will flock him for financial assistance. Most might not even recognize him, unlike Nigeria

5. His flight ticket is cheaper than the money he'll pay 20 bodyguards in Cross River for protection, yet he won't have freedom to walk around as he would in Monaco.
6. While watching football in his hotel room in Cross Rivers, there will be at least 3 power outages, but in Monaco, it'll hardly happen.

7. In Monaco, he'll network with foreigners who might come to Nigeria to invest
8. A rich man deserves to taste different soup, if you know what I mean — ask Ned Nwoko

The list is endless. This is why we should hold our politicians accounted to make Nigeria great.

jmoore:
What happened to all the news of modular refineries?
To setup refinery is not moi moi.

BUA refinery will be ready in few years.

Dangote can't stop new entrants into the refinery business cos there is room for everyone. Lagos is far from many states, so a refinery in Crossrivers will definitely get customers from southeast, some parts of southsouth, Cameroon and other nearby African countries.

This thing is, Nigerians don't like new things typical of Stockholm syndrome. There are lots of new value chains that many won't see. Lots of people think it's only oil money but many opportunities in the manufacturing sector from consumables, pharmaceuticals, agriculture etc
God pick my call🙏

9jatriot:
I have noticed that many people mistake his large market share for monopoly either out of mischief or deliberate hatred of the man. They refuse to admit that even though he has a large market share in cement, there are other products where he has to compete in the market and play second fiddle.

You dey mind headless mob typical of most Nigerians. Many don't know Dangote lost in noodles manufacturing, had to sell it off to Dufilprima makers of indomie. He had to shut down his tomatoe processing plants factory in Kano 2016 and reopened this year. Na money dey yab man, I will just manufacture something being imported from china/India👌

Educationalserv:
Which monopoly 18 companies where granted permit to build refinery
Nupeng and ptd can open their own union based refinery and stop feasting on somebody else hard .

NUPENG IS NOT A PRODUCER OR MANUFACTURER!

Go and study about a presurr group.

yemre:
I agree with you where you said DAPPMAN should look into setting up some refinery business of their own. But you see this your stand on Dangote being a capitalist and preventing external influence, I want to believe that you're a stakeholder in the opposition who sees Dangote as a threat!

I will approach this issue from an ordinary Nigerian standpoint as we used to think that all of us want this country to move forward and knowing that one of the major issues we have in this country is fuel. Now a refinery has been able to solve that problem and issues are coming up from external unionism. This doesn't make any sense.

If they have issues, they should call him to a round table for a reasonable negotiation and not try to dictate to him how to run his own personal business.

I would love a situation where DAPPMAN members come together to build a bigger refinery to rival Dangote. He's not the only one given a license to build.

Dangote Refinery management has an alternative to engage in dialogue with the unions.

The unions are established by law and the Constitution of Nigeria allows freedom of association.

Dangote refinery should allow her workers join whatever legal labor unions they prefer and that is applicable to them.

They are not dictating how to run his business to him. They are demanding that the management should allow the workees to join preferred unions without victimization. Dangote refinery started it by trying to preventing their truck drivers from joining union in the recruitment arrangements and documents. That was what sparkeed the face off.

Simple.

psalmsjob:
How can someone's staff be controlled by another person?.... Worker's Unionism itself is exploitative. What is workers right if not the rights given by her employer? If a company is not treating you right resign so as long as your right to resign is not taken away then your right is intact

You can't understand until you become a victim of your employer.

Besides, unions are legal entities, established by law and binding on all organizations as long as the staff push to join applicable and preferred unions.

maiunguwar:
DAPPMAN trives on the importation of fuel with hard currency. They can still buy from Dangote with local currency and resell across the country, eliminating the need for scarce dollars.The country is big enough for everybody

They won't buy because most of them were front for politicians using stolen funds for business. Guy, we've got few legit business men who have the capacity and account statement to get bank facilities. Tinubu is specially out for them 💯 even he's a crook too🤷🏿

Eniitankorede:
I think you got things wrong. Dangote has not prevented anyone from setting up a refinery. It is therefore not a monopoly.
He has not also stopped staff from joining unions. All he says is that people should not be compelled to join unions.

Nobody is compelling Dangote Refinery staff to join unions. If you have such evidence, please bring it to the open or floor.

I also never said Dangote Refinery prevents other refineries or people from setting up refineries. That is not within Dangote's control; federal government through her agencies already issues licences for several other refineries.

Go back to school to study monopoly.

yorosstores:
You probably miss this part.
"In fact, if they truly believe in competition, they could even come together and acquire the Port Harcourt Refinery and see if they can succeed where NNPC could not."

Over the last ~18 years, the government has granted over 57 refinery licences to private investors. How could we accuse Dangote of monopoly when he has taken steps to construct and begin operation. Where are the other licensees, what is stopping them. Dangote?

I didn't miss that part; that is the reason I suggest:

"As for DAPPMAN, they really should look into setting up some refinery business of their own".

You lack deep understanding of monopoly and I guess you didn't study economics or business related courses. Maybe you should avail yourself an opportunity to study monopoly and economics at large.

nairalanda1:
LOL...monopoly is complete control of the entire supply of goods and services in a market.

Dangote is competiting with imported petrol, and also with five other refineries and then BUA refinery will be on stream in a few years

In cememnt, there is dangote cement, and then there is lafarge, ibeto, mangal, and BUA cement.

If Dangote had a monopoly, all the others will not exist.

Na you wey no know wetin monopoly be...that is why you are asking rhetorical quesitons , because you have been beaten and you know it.

Go back to school or Google and study monopoly again, with emphasis on the various types of monopoly and monopolistic situation. Also get an understanding of the features of monopoly.

Wallade:
I agree that Dangote Refinery is not a problem; it is a big solution.

I also see your analogy on DAPPMAN being obsolete and the gradual extinction of Tank Farms in the Nigerian market.

However, a good understanding of Dangote conglomerate would reveal that his businesses thrives on monopolies - he wants pure monopoly of the downstream petroleum products market in the interim.

This will make it very difficult for new entrants into the petroleum refinery business to compete with his structures and dominace..

Dangote Refinery efforts to prevent her staff from Unionism is simply to totally influence and control the activities of her staff and prevent external influences - this can be good but the flip side is when Dangote Refinery takes advantage and exploit the staff, which will happen because Dangote Refinery is a capitalist organization, there will be no pressure group to defend the staff.

As for DAPPMAN, they really should look into setting up some refinery business of their own.

its not monopoly per say.....there is a law that once we can manufacture and distribute a product sufficiently in Nigeria then all importation of that product must stop.....we were importing cement before and rebagging, dangote started producing, went to court to stop people from importing, how is that monopoly? he didnt stop people from building their manufacturing plant and competing...

Wallade:
Go back to school or Google and study monopoly again, with emphasis on the various types of monopoly and monopolistic situation. Also get an understanding of the features of monopoly.

And the usual language of those who have no response begin.

Look son, you know you wrong, yet you refuse to admit you are wrong. Learn to admit when you are wrong sometimes. I know it's hard, but you got to do it.

Good morning, and be more of an adult.

Wallade:
Let me give you an assignment:

Go and study monopoly and different types of monopolies.

Write a brief report on your findings on monopoly upon completion of your study. You can drop the brief here for all to see

This is why I don't value a lot of nonsense that comes out of this forum.A lot of dumb ignorant people masquerade themselves as learned and being informed. Someone just corrected you that Dangote is not running monopoly in any of his business areas yet you are still boastful in your ignorance and telling someone that knows more than you to go and read.
Read what exactly? Do you know the meaning of monopoly at all? Who is your economics teacher if you don't know the difference between monopoly and oligopoly? Most of Dangote businesses that you ignorant people call monopoly are actually oligopoly. He's not the only one in any of his businesses but they are few of them in those businesses like cement, sugar, steel and not oil and gas and it's understandable because of the capital required to float such businesses.

Wallade:
Nobody is compelling Dangote Refinery staff to join unions. If you have such evidence, please bring it to the open or floor.

I also never said Dangote Refinery prevents other refineries or people from setting up refineries. That is not within Dangote's control; federal government through her agencies already issues licences for several other refineries.

Go back to school to study monopoly.

You are the one who should go back to school. Go and learn the meaning of monopoly. The Nupeng wants to compel Dangote staff to join them. Dangote does not stop his staff from joining unions.

Eniitankorede:
You are the one who should go back to school. Go and learn the meaning of monopoly. The Nupeng wants to compel Dangote staff to join them. Dangote does not stop his staff from joining unions.

Then you lack understanding of what you are trying to discuss.

abimbola74:
This coming from Otedola affirms what I have been insinuating . Dangote will later show everybody hell, the analysis is so simple. Push every other person out of the business and have full control over the sector.

Do you know what's called "rent seeking"? That's what DAPPMAN is doing. They store product in bulk and add their commission. With Dangote business plan, DAPPMAN method will not work because it will increase the price to the end users. What Dangote is doing is not monopoly but cutting corners.

coleon:
This is why I don't value a lot of nonsense that comes out of this forum.A lot of dumb ignorant people masquerade themselves as learned and being informed. Someone just corrected you that Dangote is not running monopoly in any of his business areas yet you are still boastful in your ignorance and telling someone that knows more than you to go and read.
Read what exactly? Do you know the meaning of monopoly at all? Who is your economics teacher if you don't know the difference between monopoly and oligopoly? Most of Dangote businesses that you ignorant people call monopoly are actually oligopoly. He's not the only one in any of his businesses but they are few of them in those businesses like cement, sugar, steel and not oil and gas and it's understandable because of the capital required to float such businesses.

Take this correction: a learned person is a legally informed person like judges and lawyers. The fact that you are educated or informed doesn't make you learned.

Let me also come down to your level:

What is monopoly?

What is monopolistic situation?

What are the types of monopoly and discuss the features of monopoly?

Let's follow that part as we progress.

Judolisco:
its not monopoly per say.....there is a law that once we can manufacture and distribute a product sufficiently in Nigeria then all importation of that product must stop.... .we were importing cement before and rebagging, dangote started producing, went to court to stop people from importing, how is that monopoly? he didnt stop people from building their manufacturing plant and competing...

If it is not "monopoly per say" then what is it?

What law are you talking about? Can you quote the law from the statutes or Gazette or constitution or precedent or..... Just give us the reference to it.

Wallade:
If it is not "monopoly per say" then what is it?

What law are you talking about? Can you quote the law from the statutes or Gazette or constitution or precedent or..... Just give us the reference to it.

the importation of bagged cement for example was banned to promote local production.... The ban was issued under the Customs and Excise Management Act (CEMA) and Customs Tariff Act.....

It's not monopoly, dangote didn't stop you from building your factory or refinery....

Wallade:
You can't understand until you become a victim of your employer.

Besides, unions are legal entities, established by law and binding on all organizations as long as the staff push to join applicable and preferred unions.

So how many private universities in Nigeria are part of ASUU?

I understand you have a vested interest with all the long write up trying to justify things that don’t make sense. You should understand that you are swimming against the tides.

Wallade:
I agree that Dangote Refinery is not a problem; it is a big solution.

I also see your analogy on DAPPMAN being obsolete and the gradual extinction of Tank Farms in the Nigerian market.

However, a good understanding of Dangote conglomerate would reveal that his businesses thrives on monopolies - he wants pure monopoly of the downstream petroleum products market in the interim.

This will make it very difficult for new entrants into the petroleum refinery business to compete with his structures and dominace..

Dangote Refinery efforts to prevent her staff from Unionism is simply to totally influence and control the activities of her staff and prevent external influences - this can be good but the flip side is when Dangote Refinery takes advantage and exploit the staff, which will happen because Dangote Refinery is a capitalist organization, there will be no pressure group to defend the staff.

As for DAPPMAN, they really should look into setting up some refinery business of their own.

This monopoly NIgerians talk about is simply because Nigerian like easy money. They are not innovative, they are not efficient. Many of these businessmen are sitting on huge liquidity of cash but they would rather invest abroad than invest in Nigeria. Dangote took big risks. Despite being a billionaire he was cash poor and in debt for years while building the refinery. He was so cash poor, he had to sell a stake in his refinery to NNPC to raise cash.

The result of his risks is the scale he enjoys
. If that results in monopoly so be it. Fortune favours the brave. Those who played safe should not complain.
Tesla like many tech companies was bleeding billions of dollars for years and could have gone bankrupt. Today these companies are trillion dollar companies. Fortune favours the brave, fortune does not favour those who play it safe.

RIP to DAPMAN and all their tank farms!

ponziponzi:
So how many private universities in Nigeria are part of ASUU?

I understand you have a vested interest with all the long write up trying to justify things that don’t make sense. You should understand that you are swimming against the tides.

My position doesn't have to make sense to you

Judolisco:
the importation of bagged cement for example was banned to promote local production.... The ban was issued under the Customs and Excise Management Act (CEMA) and Customs Tariff Act.....

It's not monopoly, dangote didn't stop you from building your factory or refinery....

Is petroleum products under the list of banned items for imports on Customs and Excise Management Act (CEMA) and Customs Tariff Act?

That was what I needed you to clarify.