₦airaland Forum

malali:
In business, you cannot force a buyer to buy or force a seller to sell. Dangote's refinery is a private business.
Its only in a drug cartel with monopoly, that you can dictate 100% who is the seller and who is the buyer.
Dangote trying to force Nigeria to buy petrol from him or sell crude to him is slowly taking the shape of a cartel.
If his prices are low and remain low, he does need to beg for buyers....But if he plans to sell at high prices then he needs a buyer that will keep buying regardless.
That is what he is doing now. He is trying to force Nigerians to be his 100% customers by eliminating all other sellers, after he is successful doing that he will now raise the prices.
Same thing was done when he started selling cement. The government has to make sure he has competition,

malali:
No third party speaking we are just tired as Nigerians, giving all our wealth to one person (Dangote) , now he is trying to monopolize the energy sector.

STEWpid:
C h a i..The writer is biased!!
A suspected paid agent by Farouk Ahmed!!

You said Dangote is angry that Farouk opposed the 15% import tax duty on importation of refined products just because he wants to monopolize the petroleum industry?

Our refineries have refused to work because of corrupt people like Farouk who wants soft landings for fuel importers than making local refineries work so that we will even forget about importation of fuel.

Na we get this crude oil for God's sake!!!

So Farouk wants a lower tax on importation of refined petroleum products so that Nigeria, a country that is richly blessed in the same petroleum resources, will be solely dependent on imported petroleum?

Farouk is against that high import tax because he is also part and parcel of those importing the fuel to the country at the expense of the masses as against the drive for functionality of our refineries that has been a monumental disgrace, gulping billions of dollars quarterly in the name of turnaround maintenance that hasn't yielded anything other than embezzlement/corruption.

Chai.. NaijArea..
When you fight corruption, the same corruption will fight you back,,

66uvie:
"Mr Ahmed publicly explained that funds used for his children’s education came from long-term savings, including a scholarship scheme and personal investments, not public resource"

Nonsense talk, a Man that have been a civil servant most of his adult life in a third world country was able to save millions of dollars from his employment, how is that possible ?

Willie2015:
i Dangote is not the only one in cement Lafarge and Bua... are competitors. Same will go for refinery...BUA is coming up soon ..others will follow.

Lifestone:
Let them come together and build a refinery. Bua build cement company, nobody is complaining, Lefarage is inthe Cement sector, but they are all having cement plants in Nigeria.
To be using importation to compete with a local producer is evil.
Farouk issues import license

Lifestone:
Has he stopped them from building a Refinery? That's how we killed the Textile industry.
You obviously want us to go back to those era when we are dependent on importation for energy security. The stability we have today in our fx market is as a result of Dangote's effort.
I can't see monopoly here

malali:
Tell me why he is worried about their petrol imports.
Why does he need levy to stay competitive.
Why doesn't he just sell his petrol cheaper than their imports ?
He is producing locally, he doesn't pay transport to ship it back from Europe, so his own should be cheaper.
So why not just use pricing to eliminate the competitors ?

ViceGovernor:
Lol 😂😆 wait till Aliko drops further revelations about the man's corruption, na him go sack himself last last.

Dangote will end importation of fuel 💯 percent next year by God's grace, all he has to do is to crash the price and all these saboteurs like Faruk and Co. Will find their square root.

Enough of importing fuel and selling to us in dollar rate.

bestman09:
Bua is already building his own refinery. This is good for the country. Monopoly is bad.

And for your information, the said Farouk doesn't have the power to issue an import licence unilaterally. There may be some corruption underneath anyway but it didn't start today and I pray it'll end with this fight. However, like I said before, Dangote should fight for his business. When he was importing Rice, he made sure that local rice farmers and fellow importers closed their businesses

Lifestone:
Because we are all Nigerian and we know that the so call importers comes from Togo, and some blended. These are individuals who import only documents as fuel in the time past.
My question to you why these individuals can't build a refinery for themselves and compete?

malali:

He can end importation not by monopolizing the the sector but by dropping the price he sells.
Dangote wants to operate like a drug cartel. You can only buy petrol from me and you can only sell crude to me.
Its a free market, lower your prices and Nigeria will buy from you

Lifestone:
Go and build Refinery and compete. This your argument is stale

malali:
There has been refineries built, there are privately owned modular refineries in Nigeria asides Dangote's.
They are not complaining.
The risk of buying from only Dangote outweighs the problems we might have from corrupt import process
They can fix the import process and make it more transparent.
But Nigeria should never hand over all its petrol supply to Dangote.
Thats the worst decision any government can make.

malali:

Its not by just building refinery
Run it for 3 years problem free.
Show us its a thriving business with or without government patronage.
Anybody can build a refinery and then seek to monopolize the petrol sector

Lifestone:
You missing the big picture. How does importation solve our energy problems? I thought what those wailers should be doing is developing and seeking support to build a Refinery or buy out NNPC Refinery and compete. These your argument does not hold water

malali:
Thats not true, USA imports Petrol, imports crude oil. This has not killed local production.
That argument is moot, we import a lot of stuff in Nigeria. Dangote should produce cheaper fuel and he will exterminate the competition, but not by trying to Levy the importers.

Lukuluku69:
The US pay for those imports with the currency they printed, they are in control of and have the power of supply over. Is this the same with Nigeria?

We have been told severally (unless it is a lie) that importation put a strain on the value of our own Naira which in this case is what will happen if we cam produce locally but choose to buy from abroad.

Every Nation protect her local industries reason why the US under Trump have been imposing Tariffs on almost everything entering the US.

I am not siding with Dangote here but rather with Nigerians and Nigerian Economy.

Tens of Modular Refineries are coming on board soon. Continued importation will stifle them all.

malali:
He walked for Apple, when it started, Do you know if you had invested 10k USD in apple at that time you will have a return of 80 million dollars today.
Not everyone is as poor as you think

malali:

Thats the only ones you know.....lol
Go and research how many cement companies killed e,g Ibeto cement,benue cement to mention a few
You must be Gen Z.
Then go and research how much percentage of the market Dangote holds
Then go and research the meaning of monopoly
when you come back we can discuss.

Willie2015:
Huaxin just completed a take over of Lafarge...that is a global brand that's way bigger than Dangote Cement. The US govt sued Microsoft for monopoly practices in the 90s. FG can control Dangote if they suspect monopoly practices., that's the global practice. BUA refinery is coming up to compete with Dangote in that sector. That's what they called healthy competition, we expect other refineries to come up with time.. It simply bad economics to grant several import licenses to kill local production in the name of competition ..that's a dumb strategy if you have good knowledge of basic economics. Lastly, What you have failed to explain how you intend to control those cabals thats milking Nigerians from those import licenses that's adding no value.

malali:

At the end of the day, the price and consumer preference should determine the market. Unless Dangote is trying to establish a monopolistic cartel. Which is what he is doing. After he is done chasing all of them away.....guess what ? He will raise the prices.
Dangote shouldn't be worried by the import licenses, he should bring his petrol to the market cheaper. If he is able to do that....Farouk and co can go and buy the expensive imported petrol if they like.
But Dangote wants to kill all competition form the jump. In a country as large as Nigeria, energy is like security. You cannot let one single man sell petrol to 250 million Nigerians. Thats a dangerous precedence.

Willie2015:
Is the corruption level in the US same as Nigeria.?? Textile industry completely collapsed cos of imports by Hausa elites.. Make una try dey reason properly now...i

malali:

Farouk is not the problem. How many years has farouk been in that position ? How many years have our refineries not been working. Farouk was still in school when our refineries stopped working.
Dangote wants to monopolize the whole energy sector of Nigeria, or at least have everybody answerable to him. This from a security standpoint is not a wise idea. There should be open channels for petrol imports. These channels cant be kept corruption free. But there should still be open channels. There is no country in the world that buys its petrol from one private business man !! The minute you hand over the power in the energy sector to Dangote, he will raise the prizes of petrol and look the other way. If Dangote is producing Petrol at a good price, why is he worried about levying the importers. Its a free market.....all goat sellers should bring their goat to the market and the buyers will decide who is selling at a better price. But dont tell us to levy some goat sellers,so your own goats can appear cheaper. Thats doesnt make sense.
He is just using Farouk as an excuse.

STEWpid:
Your manner of reasoning lacks any form of trueness and objectivity,,
Is your reasons above the reason why Farouk must loot too?
Must we buy from Dangote if our refineries are working?
Are you a paid agent sent to defend theis particular topic/rubbish on naiyayand?
What about others that are also coming to build refineries?
Do you think Farouk & co don't own refineries or been major stakeholders in Malta and elsewhere, a strong reason why Nigerian refineries will never work?
Please, I am more enlightened to be deceived by the monopolistic card play on Dangote because he has never stopped anyone from establishing the same business.
Dangote has been the only private business man to tackle the cabals in the petroleum sector by establishing the business in Nigeria instead of establishing it elsewhere and work with Farouk to support importation.
When you fight corruption, the same corruption will fight you back!!
Chai..

malali:
Business vs. Cartel

A business is built by competing. It creates value by offering better products, prices, or services, and it survives only as long as customers freely choose it. Regulation is accepted as part of the social contract, and failure is always possible.

A cartel is built by eliminating competition. It seeks profit through control, collusion, intimidation, regulatory capture, or barriers that prevent others from entering the market. Regulation is treated as an enemy, not a safeguard.

The line between them is crossed the moment success depends not on winning customers, but on silencing competitors and bending the rules.

#NIGERIANS STAND WITH FAROUK AHMED.

vanchi:
which Nigerian are you referring to?

malali:

He can end importation not by monopolizing the the sector but by dropping the price he sells.
Dangote wants to operate like a drug cartel. You can only buy petrol from me and you can only sell crude to me.
Its a free market, lower your prices and Nigeria will buy from you