₦airaland Forum

For the terrorists Trump and Satanyahu supporters, you can buy your own fuel for 200 naira.
Trump and Satanyahu don subsidize am for you.
Continue supporting injustice.

HeroicMeastro:
I thought Dangote largely sourced his crude from Nigeria? Has the Nigerian government increased the price of its crude to dangote?

Crude oil are sold at international prices regardless where they are produced. The government can only decide to have an arrangement with local refineries to sell at a subsidized rate. But the challenge is we have corrupt people who will illegally supply these subsidized fuel to other nations.

What's the government doing with the excess revenue they are making from crude oil?

Why can't they use the excess revenue from crude oil sales to subsidize the price in Nigeria?

Image123:
Why should the government be held for what it doesn't control?

It can be held for what it can and should manage oga. That's why it's the government. Stop making excuses for baboons.

Teymanhenry:
Crude oil are sold at international prices regardless where they are produced. The government can only decide to have an arrangement with local refineries to sell at a subsidized rate. But the challenge is we have corrupt people who will illegally supply these subsidized fuel to other nations.

A challenge because government officials will be involved in the corruption

I wouldn't not blame Dangote. Assuming Nigeria is a serious country, we won't depend on one man to provide oil for us. It's just a shame that we can't have one functioning refinery in this country

Mitsurugi:
It can be held for what it can and should manage oga. That's why it's the government. Stop making excuses for baboons.

Dangote refinery increased prices. How does this conversation connect with baboons? Please, be rational and reasonable.

cr7lomo:
Instead of u all to hold ur government accountable...u are saying double ur hustle...hustle being to scam fellow Nigerians ...thats all we know in this country ...

Thanks for this comment. Immediately i saw the double your hustle and no meaning point, i knew it. No legit person won't feel the impact of the current situation of the economy, it's not possible!

Mitsurugi:
Well it should make a difference now. Is it not possible to sell to him at a lower rate in the national interest or is that too hard too? Other nations are finding ways to help their citizens through the energy crisis or are Nigerians doomed to perpetually suffer a lack of inspirational leadership?

Good idea..

But petrol is sold to dagite at cheaper rate for the benefits of the masses, petroleum marketers will smuggle the cheaper product into neighbouring countries and sell at international rate to make more profits.

You will be shocked to discover that queue has suddenly resumed in various fuel stations across the country.

Those in the petroleum sector are very heartless, wicked and greedy. That is why subsidy had to go in the first place.

It won't even work because Nigeria is not the only place dangote just to source for crude 🛢️ and we are not the only country he sells refined crude to.

He can even purchase our oil at cheaper rate and sell same to other countries to make more gains .

HeroicMeastro:
I thought Dangote largely sourced his crude from Nigeria? Has the Nigerian government increased the price of its crude to dangote?

He paid the equivalent of dollar price on the international market in naira. It is not as if he is getting it at a subsidized rate

Feldie:
you do realize that there's a war in the Middle East and that price of crude oil is over 100 dollars right now? Even if you had more refineries it wouldn't make any difference

my friend will you shut up, how has the war in the middle east affected the price of fuel in other oil producing countries, only Nigeria due to high level corruption. Why not call a spade a spade and stop defending incompetency.

Walai:
Before now, we looked up to NNPC for fuel price, Dangote is now the new NNPC. What is now the job of NNPC?

To focus on stealing.

It's Like Dangote is Angry Because US & Israel Are Fighting iran

Image123:
Why should the government be held for what it doesn't control? Dangote is a private business. Crude price is not determined by government. What are you on about?The whole world is affected by the ongoing crude crises, are you living in a hole?

Crude prices globally are not determined by government, government should equally not determine how and whom he sells her products to ? Is there any implication if the government sells below the benchmark to her citizens ? You guys should stop defending nonsense.


Government can sell to her citizens as the deem fit for he benefit of here citizens with regards to the fact that the war isn't happening here. Then profit from the war happening miles away by selling to the international community at price determined by global events

Mitsurugi:
A challenge because government officials will be involved in the corruption

💯

Mr. Monopoly

I pity who dey use fuel

Nigerians use your brain to create electric vehicles.

I pity this nation ..until we the masses do away with tribal, Ethnic and religious sentiment we go nowhere. The selfish politicians knows this and keep using the above aforementioned to cause divide among us thereby enriching themselves and family.

Monopoly dey sweet this man. Na why he fought NNPC and importers to stand still....now he's calling the shots solely....same refinery that tax payers money built (USD 25 bil was given to him under Buhari), crude from NNPC....yet he can't allow Nigerian's have peace with their God given crude oil....look at how much he sells cement that is also produced locally, you would understand how wicked the business ir

Image123:
Why should the government be held for what it doesn't control? Dangote is a private business. Crude price is not determined by government. What are you on about?The whole world is affected by the ongoing crude crises, are you living in a hole?

always talking thrash.if dey check well now,na ur type still dey eat mama thank you

Godfullsam:
Good idea..

But petrol is sold to dagite at cheaper rate for the benefits of the masses, petroleum marketers will smuggle the cheaper product into neighbouring countries and sell at international rate to make more profits.

You will be shocked to discover that queue has suddenly resumed in various fuel stations across the country.

Those in the petroleum sector are very heartless, wicked and greedy. That is why subsidy had to go in the first place.

It won't even work because Nigeria is not the only place dangote just to source for crude 🛢️ and we are not the only country he sells refined crude to.

He can even purchase our oil at cheaper rate and sell same to other countries to make more gains .

Stop this narrative. Smugglers can be evaded by Dangote groups doing the delivery it does nationwide except if they are as corrupt as the politicians.


Sell crude to dangote as cheap as possible, he in turn refines and do the nationwide delivery at affordable prices. This process won't be attainable if Dangote is equally corrupt and greedy like normal Nigerian whom would want to milk fellow citizens from an opportunity

One chance....the sensible thing to do is FG to supply him crude at a rate that'll make him reduce the proce for local use

PrivateSeal:
Mr. Monopoly

I pity who dey use fuel

Nigerians use your brain to create electric vehicles.

Yes you are right ..but as it stands now commercial buses uses fuel to transport people and especially commodities- consumer goods and the recent hike in fuel prices will definitely result in a multiplier effect on consumer goods and capital goods prices .

The real negative effect is on fixed income earners....salary earners.

Pedrop:
Stop this narrative. Smugglers can be evaded by Dangote groups doing the delivery it does nationwide except if they are as corrupt as the politicians.


Sell crude to dangote as cheap as possible, he in turn refines and do the nationwide delivery at affordable prices. This process won't be attainable if Dangote is equally corrupt and greedy like normal Nigerian whom would want to milk fellow citizens from an opportunity

💯

Wicked monopolist! This is why he fought NNPC and marketers to stand still. Tax payers money built that refinery (USD 25 Bill was given to him under Buhari), crude is sold in Naira to him by NNPC, yet Nigerians can't breath...see how much he sells cement that is locally produced u would understand the level of greed just to answer richest man in Africa.

Monopoly dey sweet this man. Na why he fought NNPC and importers to stand still....now he's calling the shots solely....same refinery that tax payers money built (USD 25 bil was given to him under Buhari), crude from NNPC....yet he can't allow Nigerian's have peace with their God given crude oil....look at how much he sells cement that is also produced locally, you would understand how wicked this monopolist is to Nigerians

Walai:
Before now, we looked up to NNPC for fuel price, Dangote is now the new NNPC. What is now the job of NNPC?

Even without Dangote, we will still be in this mess, because refineries are not functioning, infact Nigeria would have being in a terrible fuel scarcity by now without Dangote.

HeroicMeastro:
I thought Dangote largely sourced his crude from Nigeria? Has the Nigerian government increased the price of its crude to dangote?

Nigeria sells OPEC prices which is high.

HeroicMeastro:
Okay. But I recalled there was agreement with the Tinubu’s govt to sell crude to Dangote in Naira. It's understandable if he buys more crude from the US.
But still, is the Nigerian crude not sufficient to meet Dangote's demand?
Where is the remaining crude from Nigeria taking to?
There are a lot of questions to ask in the Nigerian oil sector.

.

The global increase in crude oil price has made the greed of the govt increase too, the little their selling to him under that arrangement has been withdrawn and now being sold in $ at the current global price.
OPEC has also increased Nigeria's quota to the international market meaning Nigeria has increased the quantity being supplied daily to the international market meaning more money for the country and more misery for the masses.
Lastly, the borrowed loans by successive administrations are still being paid and will still be paid with the same crude oil at the price of crude oil when the money was borrowed. Creditors you've agreed to supply 20m barrel per time when crude was around $40-60 will still get the same quantity now at the then rate of $40-60.
Though we have crude oil but we don't have!

Pedrop:
Stop this narrative. Smugglers can be evaded by Dangote groups doing the delivery it does nationwide except if they are as corrupt as the politicians.


Sell crude to dangote as cheap as possible, he in turn refines and do the nationwide delivery at affordable prices. This process won't be attainable if Dangote is equally corrupt and greedy like normal Nigerian whom would want to milk fellow citizens from an opportunity

The problem is marketers would then take that fuel and smuggle it across the border.

Also, lots of ordinary Nigerians would do the same thing too. (Most smugglers are small lads carrying 50l jerrycans across the border.)

Also, remember that any crude sold within and outside nigeria, part of it goes to funding government revenues. A subsidy of that kind would make it difficult for government to fund revenues, which would lead to a large deficit, which means.....MORE LOANS.

Dangote is diffeent from NNPC, it's private business organization, not govt (though govt's NNPC is now a business concern)

Walai:
Before now, we looked up to NNPC for fuel price, Dangote is now the new NNPC. What is now the job of NNPC?

Walai:
Before now, we looked up to NNPC for fuel price, Dangote is now the new NNPC. What is now the job of NNPC?

Dangote is not your new NNPC, cos Dangote run his private Refinery his primary responsibility is to his Business
Dangote spends his money to run the business

Nnpc spends Nigeria money to run its operation

jjcena:
They sell to him in foreign currency which fluctuates on the international market but he buys a larger volume of crude from US after which he would always adjust his price of byproducts

We sell to him in the Naira equivalent of the prevailing market price of crude oil. We don't sell to him in foreign currency.