₦airaland Forum

yemre:
The should be investigated and be made to face the music if found to be true.

keemsleek:
You don't get what I am saying. If the gut had not crossed dangote he won't have spilt the corruption shit out. MRS is for the dabtatas, when they were collect subsidy why didn't the accuse the guy of corruption. What I am saying is everybody is fighting for his or herself first. Like u said big ups to dangote but there must be competition. If mot for importation madness the price war won't be happening in our favour.

Itzlinda:
How will dangote knows Saiyu Dantata is collecting subsidy money. Even if he knows the fact that he did not join him to collect the dirty money means he's good person. Only few of us will see easy way to collect money and not engage in it.

Do you expect him to snitch on his brother? 😂

sundayezege4:
Ohh, Nigeria my Nigeria 🥰🥰, imagine Nigeria without the North. We would have been competing with China. From Boko Haram to bandits, herdsmen, kidnapping. E.t.c. God go help us 🙏🙏

God1000:
This is roughly 7.5 billion naira, Nigeria is finished, EFCC should do the needful abeg

FOLYKAZE:
Dangote reduced his price to corner the people, their sympathy and every other things to himself. He then systematically attack NMDPRA, choosing the head, Farouk, for his hits. This guy is simply playing a kind of resistance as it is played out in the movie Money Heist. (simply make the established system the villain, give the populace some goodies to earn their sympathy, then direct them to destroy the enemy, the establishment). In this case NMDPRA which gave licence out to importers to scout refined products from Russia is the establishment. The question is that why should Dangote lose sleep if anyone choose to import their productd and sell at lose? Why should Dangote cry if importers chose to import and spill their products all over the sea?

Another question people fail to ask, what magic happened now that made Dangote reduce the price of his product? Has crude oil price in the international market crashed? Did FG waived import duties or the shipping cost suddenly reduced? All along, Dangote is manipulating the market selling exhorbitantly to Nigerians and now that he sees some guys ar going out to bring in fuel which could compete with him, he panicked, rush and reduced price, and now attacking NMDPRA for issuing licence for importation. What he has been doing is profiteering which is a crime.

Nigeria should wise up, the Greek gift and sudden Santa gifting from Dangote is to weed out competition. And the importers are here to stay. If they can get fuel at a reduced price from anywhere, they should be allowed to do it.

FOLYKAZE:
Dangote reduced his price to corner the people, their sympathy and every other things to himself. He then systematically attack NMDPRA, choosing the head, Farouk, for his hits. This guy is simply playing a kind of resistance as it is played out in the movie Money Heist. (simply make the established system the villain, give the populace some goodies to earn their sympathy, then direct them to destroy the enemy, the establishment). In this case NMDPRA which gave licence out to importers to scout refined products from Russia is the establishment. The question is that why should Dangote lose sleep if anyone choose to import their productd and sell at lose? Why should Dangote cry if importers chose to import and spill their products all over the sea?

Another question people fail to ask, what magic happened now that made Dangote reduce the price of his product? Has crude oil price in the international market crashed? Did FG waived import duties or the shipping cost suddenly reduced? All along, Dangote is manipulating the market selling exhorbitantly to Nigerians and now that he sees some guys ar going out to bring in fuel which could compete with him, he panicked, rush and reduced price, and now attacking NMDPRA for issuing licence for importation. What he has been doing is profiteering which is a crime.

Nigeria should wise up, the Greek gift and sudden Santa gifting from Dangote is to weed out competition. And the importers are here to stay. If they can get fuel at a reduced price from anywhere, they should be allowed to do it.

ufotunang:
5 million dollars?..And how do you expect the naira to appreciate and strengthen and have value against the dollars...with all this capital flight in foreign currency (dollars)

grandstar:
As much as I believe in the free market and competition, there's something not just right about the competition he faces.

Dangote is an upstart in the business no matter how big his refinery is. The old guards don't want to lose their business, all who import their wares to an upstart, or be subject to him I.e. have to buy from him

The Petroleum Industry Bill actually states that imports of refined fuels must stop once there is sufficient refining capacity in the country. Those who can import are only those who have refining capacity. That means only Dangote can import.

Tinubu refuses to enforce this part of the Bill as he did not want Dangote to become a monopoly. Had it been OBJ, Jonathan, or Buhari in office, this would have been implemented ASAP.

Nevertheless, competition has to be fair. I suspect these importers are involved in sharp practices.

FOLYKAZE:
The evidence abounds out there, that the importers had gotten cheaper fuel and supplied at a price fairer than Dangote's.

The report below captured Oct 30 this year, not too long again.

It is a fact that the importers are the one who forces the hand of Dangote to reduce price because they always flood the market with cheap Russian fuel. So in this view, competition must be made alive at all cost.

wirinet:
It's not possible for imported fuel to be cheaper than local fuel, its not economically sensible. Nigeria has the raw material - crude. Imported fuel will incure, loading cost from refinery to port, shipping cost including insurance from loading port Nigerian port, import duties and other taxes at the port, then ofloading costs to fuel depots. Dangote fuel does not incur this costs.

The reason imported ports seems cheaper is because of the low quality of imported fuels, importers first import regular fuels from refineries abroad, the shop it to other countries for blending, the blend the fuel to make it cheaper, and then import this poor quality fuel to Nigeria.

FOLYKAZE:
The evidence abounds out there, that the importers had gotten cheaper fuel and supplied at a price fairer than Dangote's.

The report below captured Oct 30 this year, not too long again.

It is a fact that the importers are the one who forces the hand of Dangote to reduce price because they always flood the market with cheap Russian fuel. So in this view, competition must be made alive at all cost.

oyeb15:
God should answer my prayers o. See money. 1m now,am still struggling to get. Have almost turned apart.

Sunkyboie:
Good expose by the richest African man

FOLYKAZE:
Dangote reduced his price to corner the people, their sympathy and every other things to himself. He then systematically attack NMDPRA, choosing the head, Farouk, for his hits. This guy is simply playing a kind of resistance as it is played out in the movie Money Heist. (simply make the established system the villain, give the populace some goodies to earn their sympathy, then direct them to destroy the enemy, the establishment). In this case NMDPRA which gave licence out to importers to scout refined products from Russia is the establishment. The question is that why should Dangote lose sleep if anyone choose to import their productd and sell at lose? Why should Dangote cry if importers chose to import and spill their products all over the sea?

Another question people fail to ask, what magic happened now that made Dangote reduce the price of his product? Has crude oil price in the international market crashed? Did FG waived import duties or the shipping cost suddenly reduced? All along, Dangote is manipulating the market selling exhorbitantly to Nigerians and now that he sees some guys ar going out to bring in fuel which could compete with him, he panicked, rush and reduced price, and now attacking NMDPRA for issuing licence for importation. What he has been doing is profiteering which is a crime.Are u ok? Are u an IMPORTER,

Nigeria should wise up, the Greek gift and sudden Santa gifting from Dangote is to weed out competition. And the importers are here to stay. If they can get fuel at a reduced price from anywhere, they should be allowed to do it.

FOLYKAZE:
Dangote reduced his price to corner the people, their sympathy and every other things to himself. He then systematically attack NMDPRA, choosing the head, Farouk, for his hits. This guy is simply playing a kind of resistance as it is played out in the movie Money Heist. (simply make the established system the villain, give the populace some goodies to earn their sympathy, then direct them to destroy the enemy, the establishment). In this case NMDPRA which gave licence out to importers to scout refined products from Russia is the establishment. The question is that why should Dangote lose sleep if anyone choose to import their productd and sell at lose? Why should Dangote cry if importers chose to import and spill their products all over the sea?

Another question people fail to ask, what magic happened now that made Dangote reduce the price of his product? Has crude oil price in the international market crashed? Did FG waived import duties or the shipping cost suddenly reduced? All along, Dangote is manipulating the market selling exhorbitantly to Nigerians and now that he sees some guys ar going out to bring in fuel which could compete with him, he panicked, rush and reduced price, and now attacking NMDPRA for issuing licence for importation. What he has been doing is profiteering which is a crime.

Nigeria should wise up, the Greek gift and sudden Santa gifting from Dangote is to weed out competition. And the importers are here to stay. If they can get fuel at a reduced price from anywhere, they should be allowed to do it.

FOLYKAZE:

The question is that why should Dangote lose sleep if anyone choose to import their productd and sell at lose? Why should Dangote cry if importers chose to import and spill their products all over the sea?

i am not hoping to convince you buh i just want to tell you what you dont know..

Dangote cant keep quiet because he is a producer with much stake, he as so many things to lose if his business does stay afloat .. the refinery cost alone, operational cost, renumeration and storage cost you cant carry all this n go to sleep .. please tell me Marketers risk n cost lets weigh

Another question people fail to ask, what magic happened now that made Dangote reduce the price of his product? Has crude oil price in the international market crashed? Did FG waived import duties or the shipping cost suddenly reduced? All along, Dangote is manipulating the market selling exhorbitantly to Nigerians and now that he sees some guys ar going out to bring in fuel which could compete with him, he panicked, rush and reduced price, and now attacking NMDPRA for issuing licence for importation. What he has been doing is profiteering which is a crime.

Now let me sensitize your ignorance about owning a business, As a Ceo or producer you can give out your product at any price you like to keep up with competitions, Dangote is not only selling to Nigeria alone , so even if take some losses on is supply to local market he as foreign gain to Augment .. continuity at all cost nd he is got the capacity check him again
Yes there is Int'l price control but should dangote decide to sell at less price locally no law can sanction him
Let even be reasonsble what the logic behind granting more licenses to importers when the PIA clearly state in the event we can meet our demands locally importation should go low. local product should be prioritize its all in the PIA regulating that sector

Nigeria should wise up, the Greek gift and sudden Santa gifting from Dangote is to weed out competition. And the importers are here to stay. If they can get fuel at a reduced price from anywhere, they should be allowed to do it.

reddingtonblack:
I dont know how much they paid you but You cant demonize dangote to Nigeria, should i tell you the benefit of dangote refinery to Nigerians alone or to the govt or our GNP ..

what is the worst that Dangote can do to us, highest he increases his price to 2k per litre abi, But the marketers can easily come in back to rescue us

But if Dangote refinery crashes today, who will save Nigerians from Marketers ?? you still think you are smart

FOLYKAZE:
What's important is that since we do not other refinery to compete nor Dangote having the capacity to supply us sustainably (Dangote is not having the strength to meet up Nigeria daily needs) , importers should be allowed to import. And competition should be allowed.

He can cry all he likes but competition must be sustained

Sonofgod1990:
Say you dey look for money make you go take stake 2 sure odd

MartinCorridon:
I like how Tinubu is quietly dealing with some Northern Oligarchs

If you don't want FG to sleep.. then you wouldn't sleep too

Yes a Dangote monopoly is dangerous but the free for all looting of before is far worse.

This NMPDRA boss will curse Dangote but he is definitely losing his job very soon.

Mouth of Dangote, hand of FG. More public whistleblowing to come.