₦airaland Forum

malali:
Nigerians are watching as Dangote is openly trying to turn petrol supply into a cartel

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.

If Dangote is the corruption Czar he claims to be, Where was this energy when he was getting subsidized dollars from Emefiele. Who is the most corrupt Nigerian in modern times. Building a 750-Unit estate with stolen funds. Dangote did not report him to ICPC. They did business together amicably.

ebukal67x:
The probe is a distraction. Farouk should focus on the job.

BondRiv:
Another area of corruption in the industry. Paying for unverified and over bloated claims. Everyone is out to take advantage of the country. Unpatriotic lot.

malali:
All Nigerians are not fools.
We will not allow Dangote to form a petrol monopoly and cartel in front of our eyes.

TheBizGenius:
I would not have responded to your comment but people are already endorsing and validating it.

Your comment is wrong. And I'm guessing your bias is because you are not a "learned" business man.

Every business on earth seeks to eliminate ALL competition using business strategies. It is a course in business school.

Government steps in if the company is stifling other businesses on its level. For example, Mr. Biggs can be indicted for monopoly against Tantalizers but not against bus stop foofoo sellers.

In Aliko's case, is there a refinery it is creating a monopoly against? It can't be against importers. You can't indict VAVA, a Nigerian furniture maker, for trying to ban importation of home furnitures even if the importers are crying.

If you must explain to people, do so from the point of acquired expertise not opinions.

Islie:
Farouk Facing Probe Over Move To Pay Marketers ₦200bn Bridging Claims, Dangote Alleges

Ahmed has described the corruption allegations levelled against him by Dangote as “wild and spurious”.



https://www.channelstv.com/2025/12/17/farouk-facing-probe-over-move-to-pay-marketers-%e2%82%a6200bn-bridging-claims-dangote-alleges/

malali:

Completely agree with you. Farouk might be wrong, but we should not jump from frying pan to fire. Nigerian government should give local refineries a quota and also import a certain quota with a price benchmark.
If we surrender all out petrol needs to one private business man. Its the most foolish decision ever. He will show us shege down the line.
He will be so powerful anytime, the government upsets him, he will just increase petrol prices.....lol

TheBizGenius:
I would not have responded to your comment but people are already endorsing and validating it.

Your comment is wrong. And I'm guessing your bias is because you are not a "learned" business man.

Every business on earth seeks to eliminate ALL competition using business strategies. It is a course in business school.

Government steps in if the company is stifling other businesses on its level. For example, Mr. Biggs can be indicted for monopoly against Tantalizers but not against bus stop foofoo sellers.

In Aliko's case, is there a refinery it is creating a monopoly against? It can't be against importers. You can't indict VAVA, a Nigerian furniture maker, for trying to ban importation of home furnitures even if the importers are crying.

If you must explain to people, do so from the point of acquired expertise not opinions.

malali:

I cant imagine that Nigerians are falling for the trick, Dangote wants to play us.
He dealt with Emefiele and never reported Emefiele for corruption.
Once they replace Farouk with one mumu person. He will dominate petrol supply in Nigeria.
The prices will be 100% at his mercy.

GEJDHERO:
We want the MONOPOLY it wud save Nigeria Billions of dollars in foreign exchange.

fatosky1:
For Dangote holding to hold Farouk by the jugular with intention to destroy and kill his career, Farouk must be a man who did not yield to his control and manipulation to benefit an individual but overall interest of the masses.
He used crooked ways to maintain dominance in the cement market despite big names that are in the market before him, the likes of Portland cement now Lafarge, BUA, Benue cement etc
He will not succeed this time because his antics are known already. Farouk will prevail, that is my prayers for him.

adetoya234:
It appears this Farouk may have done Dangote dirty for him to be going all out to nail him.

malali:

Unless the refinery is government owned. Thats when it will save us billions in foreign exchange.
Dangote Refinery will put Billions in Dangote's pocket
Crude oil and petrol are international commodities trading in dollars.
We sell crude in dollars....to finance the country.
As long as Dangote buys crude oil dollars...he will sell petrol in dollars.

GEJDHERO:
Importation of Petroleum products its seriously depleting our Foreign exchange reserve.

malali:
There is no country in the world that hands over their petrol supply to One single business man.
Thats the most idiotic move ever.
The government should just open up the market. Whoever can bring the cheaper petrol price, whether its Dangote or Importers.

malali:
Thats not how it works.
Even if we buy from Dangote refinery, we will be paying in dollars or naira in dollars equivalents.
Because crude oil is an international commodity traded in dollars. These dollars pays the salary of Nigerians and also is the money they give all the states as federal allocation.
So you are asking Dangote's business to pay the salary of all Nigerians, buy buying all out crude oil and then the government gives him back the money by buying petrol from him.
It feels incestuous. They can assign him a reasonable quota but energy independence has to be maintained.

Omenlon:
who is stopping who? why imports, what is wrong in encouraging those with licences to build refineries to build theirs. Come to think of it, who is stopping others from setting up their refineries? BUA is working on his own in akwa ibom, where are the " is our oil" business men and women, that aboki are taking over the business. You people should rest with una bad belle.

malali:

Unless the refinery is government owned. Thats when it will save us billions in foreign exchange.
Dangote Refinery will put Billions in Dangote's pocket
Crude oil and petrol are international commodities trading in dollars.
We sell crude in dollars....to finance the country.
As long as Dangote buys crude oil dollars...he will sell petrol in dollars.

GEJDHERO:
What are u saying...stop confusing ursef.Am talking about the huge amount of dollars that wud be saved if IMPORTATION OF FUEL STOPS

malali:
Nigerians are watching as Dangote is openly trying to turn petrol supply into a cartel

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.

If Dangote is the corruption Czar he claims to be, Where was this energy when he was getting subsidized dollars from Emefiele. Who is the most corrupt Nigerian in modern times. Building a 750-Unit estate with stolen funds. Dangote did not report him to ICPC. They did business together amicably.

malali:

Thats not the question. Is Dangote himself innocent ?
When Emefiele was giving him subsidized dollars to build the refinery.....why didnt he investigate Emefiele and report him to ICPC for building a 750-Unit estate in Abuja with stolen funds ?
Because Emefiele allowed him do as he like and gave him dollars on demand. Dollars you can call aboki and sell across the street and make billions in profit easily.

malali:

Thats not the question. Is Dangote himself innocent ?
When Emefiele was giving him subsidized dollars to build the refinery.....why didnt he investigate Emefiele and report him to ICPC for building a 750-Unit estate in Abuja with stolen funds ?

Because Emefiele allowed him do as he like and gave him dollars on demand. Dollars you can call aboki and sell across the street and make billions in profit easily.

iLoveYouToo:
Your disposition is really surprising to me. He was given dollars at a subsidized rate to support the refinery okay? How does a this justify your defense of the rot he is trying to expose? If government decides to support local refineries, how is that a crime? Show me the fraud Dangote has committed. In fact, I dare you to post your real identity and post this on Twitter if you have proof Dangote colluded with anyone to defraud this country. I dare you. I'd love to see you prove this in court. Whataboutism doesn't prove smartness

Islie:
Farouk Facing Probe Over Move To Pay Marketers ₦200bn Bridging Claims, Dangote Alleges

Ahmed has described the corruption allegations levelled against him by Dangote as “wild and spurious”.



https://www.channelstv.com/2025/12/17/farouk-facing-probe-over-move-to-pay-marketers-%e2%82%a6200bn-bridging-claims-dangote-alleges/

Reference:
But the NMPDRA (am I right?) says it resumed the issuance of import licenses when scarcity began to emerge after it suspended same for two months sometime in October, I think.

The origin of all this argument is whether Dangote can sustainably satisfy the local market which is still disputed.

ebukal67x:
The probe is a distraction. Farouk should focus on the job.

Reference:
But the NMPDRA (am I right?) says it resumed the issuance of import licenses when scarcity began to emerge after it suspended same for two months sometime in October, I think.

The origin of all this argument is whether Dangote can sustainably satisfy the local market which is still disputed.