₦airaland Forum

ZUBY77:
Your analysis is not bad at all, I like that you are posting without insults like many people would do.
This government is borrowing a lot of money and we are not really seeing it.

IsraeliAIRFORCE:
But our foreign exchange Emefiele gave him for N130 per dollar is not freebies while we scramble for the black market to get it at N750.

Mind yourself.

ZUBY77:
Mr.Brain.
I am not an average Nigerian. I can easily stake a bet that I am way above your head by a large margin.

My question is for average Nigerians like you.

So you think it's that easy to sell village land and use it to buy land and build house/houses in Lekki?
How much is the village land and how many lands do you have in your own village?

How many houses do you have in that axis yourself? I live in Lekki, so I can easily come for verification if you want. That's if you promise not to kidnap me.

ZUBY77:
Maybe this news should have been sent to those people working there.
How many people are working there?

ZUBY77:
How is this helping Nigeria? Or are we supposed to be bragging for nothing?
We still buy petrol products at very high cost here

Incognito403:
Those people will hide behind anything to perpetrate their racism.

BizLeader:
And some people liked your comments without verifying your opinion.

This happened when the refinery was ramping up production and it has since announced production of 10 ppm ultra-low-sulfur diesel intended to meet Euro-5 standards.

How you didn't hear the other news is weird of you.

Judolisco:
Na dangote dey chop life now oh... No wonder kerosene cost...if u still dey use kerosene... U be big man oh....u dey use jet fuel cook food

chigator2:
Abeg, drop that narrative. Dangote will continue to dominate and monopolize industries in Nigeria as long as a large portion of the country’s wealthy class consists of people with deep pockets with lazy brains and little appetite for productive risk.

Where do wealthy Nigerians invest their money?

First, there are those who pour capital into quick-return schemes that add little long-term value to the economy. They fund luxury real estate projects in Abuja and Lagos, or buy up vast expanse of undeveloped land from local communities only to resell them at a markup downstream to other new money buyers who partake in the illusion of wealth creation that dominates Nigeria’s real estate culture buying largely unproductive land and expecting its value to double within a year simply because everyone wishes it will. Every body is selling land and properties these days, find one poor community, steal their land or pay the chief peanuts and tell investors it is the next banana island.

Then there are those who flock to already saturated “safe” industries after seeing others profit from them. Hospitality, auto dealerships, import businesses, trading, poultry ( haew ) and similar ventures are overcrowded with capital chasing familiar opportunities. The latest craze is China Importation. These businesses may generate profits for their owners, but they rarely create the kind of innovation, industrial capacity, or global competitiveness that attracts significant foreign direct investment and grows the economy or technological capacity of the labor force.

Countries that achieve sustained economic growth are often driven by wealthy individuals willing to back bold ideas, startups, research, advanced manufacturing, technology, and other frontier ventures. Their capital expands the productive capacity of the economy.

In the south-south that has the oil everyone is drilling and refining, those it mean that there are no big men there or even big government thieves that can at least pool money together to build something they can say is their own and by their own people. They are waiting for outsiders to come and invest so they can do pipeline security for peanuts. BUA is planning to build a refinery in Akwa-Ibom while Akpabio is plotting to sleep with other people’s wives and NDDC chairmen are servicing their girlfriends and foreign investments. Tomorrow someone will say na our oyel money, keep fooling yourself. Since the days of Adam, ownership of anything is determined by who takes it not you had it.

In Nigeria, too much capital follows trends instead of creating them. Too many investors copy one another rather than funding the next generation of industries. Until that changes, it is unrealistic to expect a handful of industrialists not to dominate sectors where few others are willing to take meaningful risks.

esnbrutality:
This news is as current as ever.

Leave your propaganda. Doesn't Dangote know about EU standards, even the USA won't touch his diesel, let alone Asian country's.

He has been told to improve on international best standards of diesel.

The cars and machinery manufacturing companies that manufacture diesel engines aren't looking at NIGERIA market as their sole market.

Internationally Dangite Diesel is messed up. You need double filtration to operate a diesel machinery in NIGERIA.

So leave your propaganda noise...abeg.

Nicoddemus:
As long as he doesn't monopolize the oil sector. He should allow room for competition. He's an asset to the nation

PigTormentor:
Dangote refinery that's not really working yet or will never work. Na scam according to some not too long ago.

ZUBY77:
How is this helping Nigeria? Or are we supposed to be bragging for nothing?
We still buy petrol products at very high cost here

the company set to spend a fresh $10 billion on its 1.4 million barrels per day expansion drive, according to S&P Global.

all these to kill other new refineries wey dey come up.
but the lies under the previous NNPC management too much.
they sabotage their own refineries maintenance for this front refinery to emerge.

chigator2:
Abeg, drop that narrative. Dangote will continue to dominate and monopolize industries in Nigeria as long as a large portion of the country’s wealthy class consists of people with deep pockets with lazy brains and little appetite for productive risk.

Where do wealthy Nigerians invest their money?

First, there are those who pour capital into quick-return schemes that add little long-term value to the economy. They fund luxury real estate projects in Abuja and Lagos, or buy up vast expanse of undeveloped land from local communities only to resell them at a markup downstream to other new money buyers who partake in the illusion of wealth creation that dominates Nigeria’s real estate culture buying largely unproductive land and expecting its value to double within a year simply because everyone wishes it will. Every body is selling land and properties these days, find one poor community, steal their land or pay the chief peanuts and tell investors it is the next banana island.

Then there are those who flock to already saturated “safe” industries after seeing others profit from them. Hospitality, auto dealerships, import businesses, trading, poultry ( haew ) and similar ventures are overcrowded with capital chasing familiar opportunities. The latest craze is China Importation. These businesses may generate profits for their owners, but they rarely create the kind of innovation, industrial capacity, or global competitiveness that attracts significant foreign direct investment and grows the economy or technological capacity of the labor force.

Countries that achieve sustained economic growth are often driven by wealthy individuals willing to back bold ideas, startups, research, advanced manufacturing, technology, and other frontier ventures. Their capital expands the productive capacity of the economy.

In the south-south that has the oil everyone is drilling and refining, those it mean that there are no big men there or even big government thieves that can at least pool money together to build something they can say is their own and by their own people. They are waiting for outsiders to come and invest so they can do pipeline security for peanuts. BUA is planning to build a refinery in Akwa-Ibom while Akpabio is plotting to sleep with other people’s wives and NDDC chairmen are servicing their girlfriends and foreign investments. Tomorrow someone will say na our oyel money, keep fooling yourself. Since the days of Adam, ownership of anything is determined by who takes it not you had it.

In Nigeria, too much capital follows trends instead of creating them. Too many investors copy one another rather than funding the next generation of industries. Until that changes, it is unrealistic to expect a handful of industrialists not to dominate sectors where few others are willing to take meaningful risks.

BizLeader:
The way you guys lie and chest beat on this platform is a thing of signs and wonders. Common to check Google dey too difficult for you?

European buyers avoided specific shipments of diesel from the Dangote Refinery because the fuel samples failed to meet the stringent cold-weather (winter) standards and elevated sulfur limits required by the European Union.

For example, Germany requires a winter standard -7 degree. Some tested batches registered sulfur levels of 36ppm, which exceeds the EU's maximum limit of 10 ppm.

Dangote's Response: We are a tropical producer and that "winter diesel" is simply not a part of our current portfolio, as our fuel is tailored for warmer climates.

The issue is not the refinery ability to refine to that level, it is knowing who its target market is.

#liar liar pants on fire#

Mubarak55:
Good news from Nigerian agin cool

ZUBY77:
How is this helping Nigeria? Or are we supposed to be bragging for nothing?
We still buy petrol products at very high cost here

ZUBY77:
That's the paper statistics they present to you to make you feel they are doing well.
What is your minimum wage?

If someone whose minimum wage is 1 million buys petrol at 1,000 naira per liter, should someone whose minimum wage is 70,000 Naira buy petrol at what price?
Do the maths and tell me.

esnbrutality:
Heard Europe rejected his diesel because of high Sulphur content that gradually destroys engines.

ZUBY77:
How is this helping Nigeria? Or are we supposed to be bragging for nothing?
We still buy petrol products at very high cost here

Exousiang01:
Young man Jet A-1 is different from kerosene.
Where una dey learn this kind things from.
You this generation of young Nigerians happen to be to least learned ever.
Some of the things you lots say today is just unimaginable.
The confidence combined with the ignorance is another amazing capacity you guys have developed

Nicoddemus:
As long as he doesn't monopolize the oil sector. He should allow room for competition. He's an asset to the nation

Gbogboski:
Without dangote refinery,this current global oil crisis occasioned by the war in Iran, would have been catastrophic for Nigeria.

Exousiang01:
You are buying petrol at 50% below the global price.
Go and check the global price of petrol.

IyanAtiEgusi:
Make dem subsidize am for u?
subsidy na ur right?

Nefort:
This is someone's private business. He is not doing it to help Nigeria. He is doing it to make money. If you need something that will help Nigeria then ask Tinubu about it.