₦airaland Forum

Hamzaay:
Rich get richer others get poorer

HenryThegreat1:
Aliko Dangote, the president of Dangote Industries Limited (DIL) has strongly refuted allegations by the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), insisting its diesel is 80percent superior to those currently imported into Nigeria.

The richest man in Africa said this Saturday while showing members of the House of Reps the company’s facilities.

“Until late last year, diesel imports into Nigeria were up to 7,000 parts per million (ppm) of Sulphur which has been going on for many years. Our diesel is produced currently at significantly lower levels of Sulphur; as such, we find baseless the allegation that the reason for the reduction is linked to quality. What we are producing is 80 percent of what is being imported into the country,” Anthony Chiejine, the company’s spokesperson Dangote Industries Limited said.

Read also: Explainer: Separating fact from fiction in NMDPRA’s claims against Dangote refinery

“Another inaccurate assertion is that Medium Level Sulphur diesel is meant for off-road use. This is a completely false statement as this would have invariably meant that all the imports for the last 20 years have been damaging equipment.

“Thirdly, diesel imports for the high Sulphur grade have been at significantly higher prices until we started operation. If indeed high Sulphur diesel is sold at lower prices how come we never saw the lower prices until now?” the spokesperson said.

Read also: Dangote refinery not yet licensed to operate in Nigeria-NMDPRA

Related NewsInsecurity, oil theft: Nigerians demand results not endless rhetoricWrong diagnosis killing many patients in Nigerian hospitalsHigh electricity tariff crushing Nigerian public varsities

Dangote proved through a laboratory test before members of the House of Reps, led by Tajudeen Abbas how the sulphur content of its diesel is within acceptable range in Africa and better than some of diesel currently available in the country.

Dangote diesel currently contains 87.6 ppm

For instance, Dangote’s laboratory officials tested diesel products from two major retail outlets in Nigeria – TotalEnergies and Matrix – against the sample produced by Dangote Refinery.

The test was carried out using a ED-XRF Spectro Photometer, using the ASTM D4294 method.

The sample from TotalEnergies’s diesel showed 1,829ppm sulphur concentration. The sample from Matrix retail showed 2,2752.8682ppm sulphur concentration while the diesel sample from Dangote Refinery showed 87.6ppm sulphur concentration.

Targets 10ppm sulphur content August

“By the end of next week, we should be on 50ppm and by August, it should be down to 10ppm,” Dangote said.

BusinessDay’s findings showed the minimum global standard is 50ppm, while 200ppm is still acceptable in Africa till the end of the year.

On Thursday, July 18, Farouk Ahmed, chief executive officer of NMDPRA alleged Dangote refinery as well as some major refineries like Waltersmith refinery, produce between 650 to 1200 ppm.


https://businessday.ng/news/article/dangote-rejects-nmdpra-claims-says-sulphur-content-meets-african-standard/

Great100000:
Aliko Dangote’s fortune has climbed to about $36.5 billion, making Africa’s richest man wealthier than the projected annual economic output of 33 African countries.

- Aliko Dangote’s fortune has climbed to $36.5 billion, making him wealthier than the projected economies of 33 African countries.

- His net worth now exceeds the GDP of nations including Mali, Botswana, Gabon, Rwanda and Mauritius.

- The rise has been fueled by the growing value of the Dangote Petroleum Refinery, now valued at about $39.1 billion.

- The comparison underscores the scale of Africa’s largest private industrial empire and its growing economic influence.



https://businessday.ng/africa/article/dangotes-fresh-36-5bn-fortune-now-exceeds-gdp-of-rwanda-mali-burkina-faso/#

nairalanda1:
I'm cynical about all the politicians.

Starz825:
Very needless comparison


Some of those countries are doing better than Nigeria.

How dangote fortune take help me?

nairalanda1:
Mali and Burkina are in a bigger mess than Nigeria, especially security wise

Rwanda is only good in the capital..outside, it's a typical African country

Gabon is a poor country too.

Botswana is a small country that produces very large amounts of diamonds, probably as much as South Africa, but they got 2 million people. When the diamonds run out dem go dey poor.


Many of you Nigerians do not want to vote sane leaders, Na Tinubu and emilokan type leaders you want.

Until you vote leaders that would be committed to using our natural resources to develop exportable goods and stop thinking that everything must be cheap, especially electricity and fuel, we will remain where we are.

Dangote is rich because he is using raw materials to make exportable goods. Most African nations would be richer if they made that the cornerstone of their economy

nairalanda1:
I'm cynical about all the politicans, which is why I think we should vote out Tinubu, vote in Atiku or Obi and if they do not do.well, vote them.out and continue in like vein until they learn what needs to be done.

There is no hero our there , but that doesnt mean we should tolerate Tinubu failure

crazygod:
Rich are getting richer. Elon Musk is now the first Trillionaire on earth.

nairalanda1:
Okay, overthrow the government, take all the money from the rich and redistribute it.

It works until the money runs out, then you will start taking loans again and force people to live in poverty to save money

It's been done many times before. Ended badly

nairalanda1:
So we should believe the lie that other African countries are developed?

Plus I have told you folk what needs to be done several times including in the post I put up that you quoted.

But you guys think that we are Saudi Arabia. That all.we need to do is to sell oil money and share it equitably and we go dey all right.

That's not how to become a prosperous nation, that's how to become a debtor nation

Like Nigeria , like Africa

nairalanda1:
I'm cynical about all the politicans, which is why I think we should vote out Tinubu, vote in Atiku or Obi and if they do not do.well, vote them.out and continue in like vein until they learn what needs to be done.

There is no hero our there , but that doesnt mean we should tolerate Tinubu failure

Gotocourt:
Only if all sales money are paid into Nigeria's financial system 😥.

nairalanda1:
Mali and Burkina are in a bigger mess than Nigeria, especially security wise

Rwanda is only good in the capital..outside, it's a typical African country

Gabon is a poor country too.

Botswana is a small country that produces very large amounts of diamonds, probably as much as South Africa, but they got 2 million people. When the diamonds run out dem go dey poor.


Many of you Nigerians do not want to vote sane leaders, Na Tinubu and emilokan type leaders you want.

Until you vote leaders that would be committed to using our natural resources to develop exportable goods and stop thinking that everything must be cheap, especially electricity and fuel, we will remain where we are.

Dangote is rich because he is using raw materials to make exportable goods. Most African nations would be richer if they made that the cornerstone of their economy

stuffs2002:
This good news will be like knife in the heart of Obi and his OBIDIENTS



God bless Nigeria

Always looking for engagement from Obi supporters.

I wonder how Dangote a business man, not a politician being the wealthiest man in Nigeria be a problem to Peter Obi supporters an Hausa man for that matter
Fyi, God has already blessed Nigeria.

nairalanda1:
Well his policy is not driving us to use our raw materials to make exportable goods and services.

Not a good enough leader by that metric

We gat a large youth population who needs jobs and the only.way.jobs can be generated is via manufacturing and production of manufactured goods and services

Darkjudge24:
Tinubu is and will never be a failure. It's just amazing how we call our leaders failure when we don't even have the metrics to measure them.

nairalanda1:
Mali and Burkina are in a bigger mess than Nigeria, especially security wise

Rwanda is only good in the capital..outside, it's a typical African country

Gabon is a poor country too.

Botswana is a small country that produces very large amounts of diamonds, probably as much as South Africa, but they got 2 million people. When the diamonds run out dem go dey poor.


Many of you Nigerians do not want to vote sane leaders, Na Tinubu and emilokan type leaders you want.

Until you vote leaders that would be committed to using our natural resources to develop exportable goods and stop thinking that everything must be cheap, especially electricity and fuel, we will remain where we are.

Dangote is rich because he is using raw materials to make exportable goods. Most African nations would be richer if they made that the cornerstone of their economy

Nword22:
You have never cross Nigerian border before, Mali is more secure than Nigeria and Gabon is never a poor country because they have GDP per capital far higher than Nigeria.

Basic123:
Those policies are meant to be and it cant happen within 3years.
Fuel subsidy removal freed petroleum industry and allowed for investiment im the sector ...

Darkjudge24:
Tinubu is and will never be a failure. It's just amazing how we call our leaders failure when we don't even have the metrics to measure them.

correctguy101:
Whatever makes you think wealth redistribution only involves sharing money?

That even is the surest way to impoverish the entire populace. It's what's being practiced now, but only for a small group. That's why we are where we are now

crazygod:
Rich are getting richer. Elon Musk is now the first Trillionaire on earth.

PDPdestroyer:
So we should replace Tinubu with your Obi who has openly said he doesn’t even understand what Nigeria’s problems are? You and your Agulu fraudster have just 8 months before you all fizzle out into oblivion

Okoroawusa:
Sometimes you talk from a place of hypocrisy to please your Obidients friends.

You know that Tinubu laid the foundation for the Dangote Refinery and is currently laying the foundation for a country that is not subsidy-dependent.

Stop playing to the gallery bro.