₦airaland Forum

Lolz
Does dangote own a petrol station or filling station





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Alol !! all this wait n get bloggers sef, Since when did Dangote own filling stations, how can dangote increase price at filling stations when he own or manage none

if you want to tarnish Dangote do it with $en$e, show us an increase in price right from Dangote, each time dangote changes price he publishes it ... just find one

DeLaRue:
What a headline.

Mr Dangote does not own petrol stations anywhere in Nigeria.

Leave them na.
Don't mind them

I have my APC card, so I am buying at N200 per liter. It has favoured me and family. Ekun yin di 2026, taxes ma fe payin.

anonimi:
Please what is the problem with capitalism, which is the economic system of the countries that we are praying and fasting for their japa visas

I am for responsible capitalist economy as seen in the developed countries. But lots of Nigeria's investors are rogue capitalist. They do what they like without govt applying the law.

Islie:
https://dailypost.ng/2025/10/16/dangote-refinery-silently-increases-fuel-price-across-nigerian-filling-stations/

I warned against the unbridled power of this industrial giant. And I did say again and again. That whoever won the battle to control the markets WILL ENSLAVE EVERYONE ELSE. This is the history of conflicts, of enterprise, of capitalism. Some argue this is the history of Dangote Industries.

I also did say that in the ABSENCE of qualitative governance that supervises enterprise with anti-trust laws aimed at preventing a hijack of the market, the unions for instance with insider information and have always stood to oppose what they feel are unfair practices are the only viable thermometer in the downstream industry today.

The public SHOULD BE LEVERAGING ON this today. But I guess the public were swayed by the voice of one over the voices of many.

Now we may be in a regime of uncertainty. Nothing and no one can stop this man and his refinery from controlling prices and by extension controlling the temperature of the Nigerian economy since energy prices are the greater factor affecting inflation.

Good luck to us.

DeLaRue:
What a headline.

Mr Dangote does not own petrol stations anywhere in Nigeria.

Dangote has a filling station that he partners with. So indirectly he has.

He is just deceiving you people. He has reduced fuel price more than ten times this year but the price is still in thesame place.


He publicise the reduction then quietly increase it back.

slivertongue:
I am for responsible capitalist economy as seen in the developed countries. But lots of Nigeria's investors are rogue capitalist.

They do what they like without govt applying the law.

Does government include your own senator, representative, state legislator and even LGA councillor?

How did developed countries curtail the roguish elements in their capitalists to have mostly responsible capitalists today

anonimi:
“The worst illiterate is the political illiterate, he doesn’t hear, doesn’t speak, nor participates in the political events.

He doesn’t know the cost of life, the price of the bean, of the fish, of the flour, of the rent, of the shoes and of the medicine, all depends on political decisions. The political illiterate is so stupid that he is proud and swells his chest saying that he hates politics.

The slowpoke doesn’t know that, from his political ignorance is born the prostitute, the abandoned child, and the worst thieves of all, the bad politician, corrupted and flunky of the national and multinational companies.”

― Bertolt Brecht

I pity does defending Dangote that he was fighting for Nigerians against PENGASSAN. At the end those of us that defended PENGASSAN will stand out. That Dangote is helping Nigerians. Help which Nigerians? Like he gave us petrol for a very cheap price or what. Many of you will insult him sooner or later except you are being paid for is propaganda.

slivertongue:
In as much as hail the establishment of dangote refinery I am carried away by his antics because he is a hardcore capitalist

capitalism is great but it must be managed with checks and balances
Countries should not be at the mercy of companies
Look at what is happening around the world with chips
Countries have interests and they are supreme
When a company has a monopoly or oligopoly position government can cap its profits and regulate its activities

kenex4ever:
He is just deceiving you people. He has reduced fuel price more than ten times this year but the price is still in thesame place.

He publicise the reduction then quietly increase it back.

Is he deceiving us more than Tinubu and APC have deceived us in the last decade?

Or do you think that he is deceiving us less

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Petrol should never cost more than N70 per litre, says APC

January 19, 2015

The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.

On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.

But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.

It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.

https://www.thecable.ng/petrol-never-cost-n70-per-litre-says-apc/

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/

BodyCount:
He is only a business man. Make una allow am rest. The irresponsible government has given him a chance to do as he pleases.

Why is it all about him?

What about all the other refineries?

Very useless government

But it is the same government that said HE is an INSTITUTION. Meaning that they have accepted that the man is government.

We have put ourselves in a position that America once was. On her knees before JD Rockefeller. Before they woke up and acted to demand government stand up for the people. Today no government in the west no matter how capitalist they are will call an individual or enterprise an institution.

Today Europe is at war with Google, Boeing....America is at war with Tiltok for different reasons but the same principle, no one wants to be dominated, no one wants all it's eggs in one basket.

It is not secure to have a single producer control the oil industry in Nigeria, and while government dithers with it's own assets and cannot drag others into play, it has to project an image that is has not lost control.

slivertongue:
I am for responsible capitalist economy as seen in the developed countries. But lots of Nigeria's investors are rogue capitalist. They do what they like without govt applying the law.

Responsible capitalist economy that does not exist anywhere
What does it look like how do we recognise it what are its characteristics

When you say THE DEVELOPED COUNTRIES . please bame one such country where we can find this

It is fantasy you need to watch companies like hawks all the time otherwise they screw the people

aribisala0:
You might believe you have a point and you have communicated it but you have not

You have not communicated anything

Because he expressed his opinion?

muyico:
Subsidy paid to him by federal government,don expired

Which subsidy, the one that was gone forever in 2023?

ayoplenty:
Because he expressed his opinion?

What are you?

aribisala0:
Responsible capitalist economy that does not exist anywhere
What does it look like how do we recognise it what are its characteristics

When you say THE DEVELOPED COUNTRIES . please bame one such country where we can find this

It is fantasy you need to watch companies like hawks all the time otherwise they screw the people

It is dicey. If the price hits N1,200 tomorrow what is going to happen. I mean, what are the mechanisms to at least find out why.....

The Federal government is to be blamed in all these fiasco. What happened to NNPC 20% stake? What happened to Naira for crude or what happened to giving him crude oil and him giving us pms only and it takes the rest while we sell for N200 to Nigerians and shut the borders? Tinubu doesn't mean well for Nigerians.

Typical Dangote. We don talk taya. Enjoy Nigerians

anonimi:
Does government include your own senator, representative, state legislator and even LGA councillor?

How did developed countries curtail the roguish elements in their capitalists to have mostly responsible capitalists today

Once laws are upheld investors will act responsibly. So all you raised is failure of govt which all those elected.

aribisala0:
capitalism is great but it must be managed with checks and balances
Countries should not be at the mercy of companies
Look at what is happening around the world with chips
Countries have interests and they are supreme
When a company has a monopoly or oligopoly position government can cap its profits and regulate its activities

capitalism is great but it must be managed with checks and balances countries should not be at the mercy of companies .

aribisala0:
Does America allow. any business to hold the country to ransom

They have very robust antitrust laws

Why is cement $2 in China and $7
In Nigeria

Yes he is a business man but no country places strategic business in the hands of 1or 2 or 3 companies without antitrust measures

The number one antitrust measures is to prevent extraordinary profits

By EBITDA. Dangote is the MOST PROFITABLE CEMENT BUSINESS IN THE WORLD

cement is not AI or anything innovative

Probably never run a small shop analysing cement production
Why it 2 USD in china
1 in China no need for Generation of private power they use Coal and grid is ok
2 to need for trucking cos rail is available
3 No need to Huge security the govt provides
4 . interest on Loans is 2 percent or zero
5 .No thieving employees
6. No bride demanding civil servant
7.No crazy inflation
No useless Labour union like Pengasan
2

Reference:
It is dicey. If the price hits N1,200 tomorrow what is going to happen. I mean, what are the mechanisms to at least find out why.....

Nigerians do no pay attention

When Tinubu first came to power and Emefiele was arrested it was clear Dangote was very scared even offering to sell the refinery
There was scrutiny of foreign exchange dealings and financing of the refinery and Dangote was very humble

Recently he has been writing open letter to Tinubu and become very bold

I believe Dangote will be the number one financier of Tinubu's reelection

I expect that we are talking billions of dollars

We need to wake up and pay attention

Reference:
I warned against the unbridled power of this industrial giant. And I did say again and again. That whoever won the battle to control the markets WILL ENSLAVE EVERYONE ELSE. This is the history of conflicts, of enterprise, of capitalism. Some argue this is the history of Dangote Industries.

I also did say that in the ABSENCE of qualitative governance that supervises enterprise with anti-trust laws aimed at preventing a hijack of the market, the unions for instance with insider information and have always stood to oppose what they feel are unfair practices are the only viable thermometer in the downstream industry today.

The public SHOULD BE LEVERAGING ON this today. But I guess the public were swayed by the voice of one over the voices of many.

Now we may be in a regime of uncertainty. Nothing and no one can stop this man and his refinery from controlling prices and by extension controlling the temperature of the Nigerian economy since energy prices are the greater factor affecting inflation.

Good luck to us.

Very very correct. Nigeria has laws but will always shy away from implementing them

ZombieDredd:
so we should be at his mercy?

maybe he should just keep it at 3000 per litre, since its just business.

If you were in dangote's shoes, would you sell fuel at a price of N100 just to help the poor?

Poland used to subsidse food. There was scarcity from time to time, and poor quality food. Then Poland ended subsides on food. Yes prices went up, but famrers promptly increased production. Today, no scarcity.

Dangote is the only refinery in town because anytime over 4 decades when Nigerians were told that subsidy has to go, they always said no. That made it difficult for most holders of refinery licences to get financing for the refineries they wanted to build...which bank will lend to someone who under subsidy will run at a loss. Dangote got financing because the banks knew that if his refinery turned out to be a loss maker, they would simply use AMCON to take over his other industries and pay themselves their money.

If you want cheap petrol, remember we tried it for over 40 years, and ended up with repeated fuel scarcity, and four wrecked refineries. And massive corruption eating up the sector.

LabStores:
Okay.

But why is Dangote refinery always in the news?
He is just one out of supposedly many.

What is NNPC doing?

What about the Port Harcourt refinery?
What about kanuna refinery?

What about all the so-called modular refineries setup by past administration too?

Why always just calling out a private refinery developed by a business man?
Why can't the government just be responsible?

Because the Exchange rate surge and problems started when Emefiele was dashing Dangote all our forex for round tripping and building of the refinery. It's our common patrimony.

ogascomax:
I pity does defending Dangote that he was fighting for Nigerians against PENGASSAN. At the end those of us that defended PENGASSAN will stand out. That Dangote is helping Nigerians. Help which Nigerians? Like he gave us petrol for a very cheap price or what. Many of you will insult him sooner or later except you are being paid for is propaganda.

I am with Dangote refinery if the right steps are taken is his investment and pursuit of profit but will encourage Nigerians to speak out against his anyhowness

Reference:
I warned against the unbridled power of this industrial giant. And I did say again and again. That whoever won the battle to control the markets WILL ENSLAVE EVERYONE ELSE. This is the history of conflicts, of enterprise, of capitalism. Some argue this is the history of Dangote Industries.

I also did say that in the ABSENCE of qualitative governance that supervises enterprise with anti-trust laws aimed at preventing a hijack of the market, the unions for instance with insider information and have always stood to oppose what they feel are unfair practices are the only viable thermometer in the downstream industry today.

The public SHOULD BE LEVERAGING ON this today. But I guess the public were swayed by the voice of one over the voices of many.

Now we may be in a regime of uncertainty. Nothing and no one can stop this man and his refinery from controlling prices and by extension controlling the temperature of the Nigerian economy since energy prices are the greater factor affecting inflation.

Good luck to us.

If subsidy had been removed by 2012, or earlier, Dangote refinery would have had competitiors by now, and NNPC refineries would have been working.

Plus, nothing goes for cheap. Remember Dangote is getting no funding from government, so he has to pay for everything from the money the refinery makes...that's why prices are going up.

If you were dangote, would you sell fuel at N100 per liter, after a production cost of N700-800 per liter...to help the poor?

We tried the consumption subsides you love for 40 years, and we lost four refineries, had a lot of wasteage and corruption, and were spending billions subsidisng fuel for people as far as Ghana and Central African republic. At some point, it had to stop

I ain't here to defend APC. Or any party. GEJ was the one that woke me up to how damaging subsides are, and yes, I did not back him too.

Shebi na NUPENG and PENGASSAN cause this one. Where are all those abused the unions in defence of Dangote?

MadamExcellency:
Because the Exchange rate surge and problems started when Emefiele was dashing Dangote all our forex for round tripping and building of the refinery. It's our common patrimony.

Exchange rate issues predate emefiele. It's largely because our naira value is dependent on forex revenue from oil, which from 2014 to date has been too too low for our needs (and then stealing comes in to make matters worse). That forced us to take loans, which led to the scenairo where we were using most of our revenue to service loan repayments as at 2022 (yes, and it is apc fault...no diversification at all).

Also, most of the funding for dangote refinery came from the banks, local and international, and his own pocket. CBN gave dangote 2.7 bn dollars...which is less than the 3 billion dangote used from his own pocket, and the 6 billion he got from a consortium of banks to fund the refinery

nairalanda1:
If subsidy had been removed by 2012, or earlier, Dangote refinery would have had competitiors by now, and NNPC refineries would have been working.

Plus, nothing goes for cheap. Remember Dangote is getting no funding from government, so he has to pay for everything from the money the refinery makes...that's why prices are going up.

If you were dangote, would you sell fuel at N100 per liter, after a production cost of N700-800 per liter...to help the poor?

We tried the consumption subsides you love for 40 years, and we lost four refineries, had a lot of wasteage and corruption, and were spending billions subsidisng fuel for people as far as Ghana and Central African republic. At some point, it had to stop

I ain't here to defend APC. Or any party. GEJ was the one that woke me up to how damaging subsides are, and yes, I did not back him too.

No one is talking about subsidies or N100 fuel here
That is not what this topic is about.

We're are talking about the potentially uncontrollable situation of unsubsidized fuel. The absence of any form of checks now that all social and governance safeties have been removed.

We were told by some in government and some on this forum that the trajectory of gasoline prices were downwards if Dangote was not 'harassed by haters'.

What happened.