₦airaland Forum

brain54:
Corruption fighting back...

malali:

Guess who supplied the whole cement that Emefiele used to build his 750-unit stolen funds estate.

Emefiele built the estate with 100% stolen funds. Because his salary cannot build an estate ,that size.

malali:

Guess who supplied the whole cement that Emefiele used to build his 750-unit stolen funds estate.

Emefiele built the estate with 100% stolen funds. Because his salary cannot build an estate ,that size.

Ttalk:
Try say another thing. Do you expect Emefiele to have imported the cement used in Nigeria from Congo?

brain54:
Does supplying emiefele cement prove that dangote is corrupt...?
Is he not a cement manufacturer?
I see what you trying to do is bait me thinking I'm igbo right. Continue.
I'm not holding brief for dangote and I'm not saying his hands are clean.
But you can also provide proof that dangote supplied emiefele cement to build with stolen wealth just as dangote provided evidence to back his claim against Ahmed farouk.
At least he doesn't make wild and frivolous allegations without evidence!

malali:

I am not hear to support anyone of them. But Nigerians are not fools. Please remove that ethnic sentiment from your comments. Thats old format to deceive Nigerians. Once somebody says the truth, you tag him a particular ethnicity.

Dangote showed evidence that Farouk spent 5 million USD to fund his children school fees and reported Farouk to ICPC.

Versus

I want you to tell me why Dangote did not show evidence that Emefiele who also spent over 50 million dollars in building a 750 Unit estate in Abuja was also living above his salary. Instead he chose to help him by selling cement to him.

StaffofOrayan:
Listening to the man hurts the brain!
I won't be surprised if he turns out to be an importer!
You can never put imports over local manufacturing! It's basic economics!

malali:

Guess who supplied the whole cement that Emefiele used to build his 750-unit stolen funds estate.

Emefiele built the estate with 100% stolen funds. Because his salary cannot build an estate ,that size.

As Emefiele was given him cheap CBN dollars at 350naira, he was building Emefiele stolen funds estate for free.

This is a felony. Its called "Quid pro Quo". This is the reason Trump was impeached in his first term.

malali:
Professor Kailani bears his mind. Speaks about the behind the scenes politics.
Its good to hear an open unbiased view.

Accuses Dangote of being a Monopolist Oligarch.

Nigerians might not have as much money as he does, but nobody can take away our right to say the truth.

brain54:
Hahaha... 😂😂🤣🤣


He no get answer again he don vex block me.

Hahaha!

ebukal67x:
Dont mind the prof. E go collect small change from Dangote after this show.

BeardedMeat:
If he blocked you, you won't continue to see and comment on his thread.
Dangote himself is surely not clean. But who has the guts and evidence to call him out when he's a front to so many untouchables.

Having said that, I don't expect him to fold his hands and watch some corrupt entity ruin his multi billion dollars business interest. Mind you, he's not the only investor in the refinery. Partners investments are at risk.

The Op did well suggesting there should be a shared ratio between locally produced and imported crude. I'll be damned if such doesn't exist.

But trust a corrupt partner in an agreement to want to play the other person because he's benefitting massively from subverting the agreement.

malali:
Before a country the size of Nigeria can safely allow a single businessman to supply most of its energy needs, clear guardrails must be agreed on. Energy security depends on redundancy, competition, and flexibility, not faith.

A sensible approach is quota-based diversification. Importers should retain a defined share of supply, and Dangote’s refinery should also be allocated a quota. Start at something like 50:50. If, over time, local refining proves more reliable, cheaper, and efficient, the government can gradually rebalance—60:40, 70:30—until local refineries handle perhaps 90% and imports 10%.

That structure creates optionality.
If a dominant local supplier ever attempts to hold the country to ransom, imports can be ramped up quickly. If importers collude, sabotage supply, or exploit subsidies, domestic refining takes the lead. Each side disciplines the other.

But eliminating importers entirely and handing the market to one refinery creates a textbook monopoly. Once alternatives are gone, prices rise, leverage shifts, and the public loses protection. That’s not industrial policy—that’s replacing foreign dependence with single-node domestic risk.

The correct strategy isn’t “imports vs Dangote.”
It’s competition by design, phased transition, and built-in escape routes.

That’s how serious countries protect energy security.

brain54:
He blocked me...


I can't see the topic or his comments. I can comment on the post because I already commented on it before he blocked me. I can see your post because you directly quoted me!

SmartPolician:
Stop writing a needless long comment.

Importers should form a corporate, pool their resources together and fund a refinery project they will all benefit from, according to a definite percentage.

If Dangote and BUA are doing it, why can't they? Waltersmith built a 5k bpd refinery and plans to expand it to 50k bpd. If the importers cannot do 650k like Dangote, they should do 50k or 100k. We must learn to build something.

The problem with us is that we like easy money. Importing something we have in large quantities in Nigeria is madness. We were taught in elementary Economics that importation kills the local economy, but it seems nobody learnt that. Nobody builds a country by importing what it can produce locally.

ebukal67x:
Dont mind the prof. E go collect small change from Dangote after this show.

BeardedMeat:
Wow. Too bad.

I do wonder the temperament level of those who block other users here in real life.
That's the height of bitterness.

malali:
Before a country the size of Nigeria can safely allow a single businessman to supply most of its energy needs, clear guardrails must be agreed on. Energy security depends on redundancy, competition, and flexibility, not faith.

A sensible approach is quota-based diversification. Importers should retain a defined share of supply, and Dangote’s refinery should also be allocated a quota. Start at something like 50:50. If, over time, local refining proves more reliable, cheaper, and efficient, the government can gradually rebalance—60:40, 70:30—until local refineries handle perhaps 90% and imports 10%.

That structure creates optionality.
If a dominant local supplier ever attempts to hold the country to ransom, imports can be ramped up quickly. If importers collude, sabotage supply, or exploit subsidies, domestic refining takes the lead. Each side disciplines the other.

But eliminating importers entirely and handing the market to one refinery creates a textbook monopoly. Once alternatives are gone, prices rise, leverage shifts, and the public loses protection. That’s not industrial policy—that’s replacing foreign dependence with single-node domestic risk.

The correct strategy isn’t “imports vs Dangote.”
It’s competition by design, phased transition, and built-in escape routes.

That’s how serious countries protect energy security.

malali:
Even Saudi Arabia imports.
America imports.
Importing itself has never been the problem.

The real issue is system integrity.

If everyone had access to FX at ₦350/$—the same environment Dangote enjoyed while building, Nigeria would already have multiple refineries. Capital follows fair rules, not speeches.

Sanitize the system, remove corruption, stabilize FX and pricing, and investors will build. Don’t ,and even local refining becomes another rent-seeking playground.

Local refineries do not eliminate corruption. Price manipulation, volume padding, delivery shortfalls, those loopholes will still be exploited. Refining alone doesn’t fix governance.

And no serious country hands its entire energy supply to one businessman. That’s not industrial policy, that’s single-point failure risk.

Diversification isn’t anti-local.
It’s pro-security.

Importing was never the enemy.
A broken system was.

malali:
Even Saudi Arabia imports.
America imports.
Importing itself has never been the problem.

The real issue is system integrity.

If everyone had access to FX at ₦350/$—the same environment Dangote enjoyed while building, Nigeria would already have multiple refineries. Capital follows fair rules, not speeches.

Sanitize the system, remove corruption, stabilize FX and pricing, and investors will build. Don’t ,and even local refining becomes another rent-seeking playground.

Local refineries do not eliminate corruption. Price manipulation, volume padding, delivery shortfalls, those loopholes will still be exploited. Refining alone doesn’t fix governance.

And no serious country hands its entire energy supply to one businessman. That’s not industrial policy, that’s single-point failure risk.

Diversification isn’t anti-local.
It’s pro-security.

Importing was never the enemy.
A broken system was.