₦airaland Forum

lionshare:
Not sure it’s has been repaid pls do you have any source for that?

mactoni91:
Dangote really Enjoyed the Loopholes from APC government.

Sure he'll be praying Tinubu wins again

nairalanda1:
Thank you for the question...and it led me down the internet

As at 2024, he had paid off half of the government loans., which were 5.5 billion dollars, out of 19billion.(sauce)

It's possible he has paid more of it since then.

DataDoc:
So I'm expecting to see fuel at 1,200 Naira this week

nairalanda1:
Dangote got no loopholes from any government.

IN 2012, we had 60 refining licences, today we have about six working refineries, including Dangote. (BUA is building a refinery now, and two others are on the drawing board and planning stage).

Dangote got loans totalling 20 billion dollars, out of which less than 3 billion came from APC governments. Which have since been repaid.

If you guys had supported subsidy removal in 2012, we could have had more refineries by now.

givedemwotowoto:
Close to election time petrol price will come down

Islie:
https://leadership.ng/petrol-import-landing-cost-drops-to-n983-92-litre-below-dangotes-n1125/

givedemwotowoto:
Close to election time petrol price will come down

Sunkab:
I bought at the rate of 1,170 yesterday night.

Macphenson:
Pls NNPC should give more importers license to import fuel. This is exactly why Dangote is against those licenses so that he can have monopoly of the market and exploit Nigerians recklessly.

opera1:
Still wondering how local product icost pass foreign/imported products.

Macphenson:
Pls NNPC should give more importers license to import fuel. This is exactly why Dangote is against those licenses so that he can have monopoly of the market and exploit Nigerians recklessly.

malali:
Some of us have predicted this 3 years ago.

You cannot remove subsidy and give pricing to one man to decide.

The energy of the biggest economy in Africa cannot be handed to one man.

Thats like giving the yam to the goat for safekeeping.

Bluntemperor:
STOP 🚏 whatever you are taking this Morning, please,as you are trying to Divert Attention to Blame Govt- For Removal of Subsidies!
• Is it the Govt that Will Remove the Greed ,Manipulations, Fraudulent Practices, Bad -Characters,Lack of Discipline in Nigerians Today-even in Our Own Personal Lives In Nigeria ⁉️
• For Why Do we Try to Be Compares our Not Doing Well - with that of the White Men,yet when We should Behave like them As Patriotic Nigerians,We FAIL THE TEST OF Patriotic HUMANITIES?
* Why Do Prices Rises In Nigeria,but will Not Come down - when the White- Folks Will Do , especially as they- LOVE THEIR COUNTRY and the MASSES,than Personal Gains - which is the Bain of Our Underdevelopment?

nairalanda1:
1. Dangote started building his refinery under GEJ...and the government then assissted in helping him get some of the loans

2. Total loans dangote took was 20 billion dollars, out of which about 3 billion came from government. Which have since been repaid. The other loans are from banks local and international...which do not come cheap. They ain't government

3. Yes, government gave him cheap dollars, because he was building a project that would eventually provide some benefit to the economy. And probably bring in more money to the country...which is already happening as he has not only employed lots of nigerians, but is exporting crude products to other countries.

4. And if Nigerians had come out in 2012 and told the Ojota crowd to keep quiet, there would have been more domestic refineries. If Nigerians had supproted the removal of subsides in 1992/3, there would have been more refienries, and the NNPC refineries would have still been working and producing at very high capacity

5. Finally, if you work in buisness, you would sell your product at a price that keeps your business running well, and leaves you to earn money...if people like, let them call you evil. They are not you. They don't have to pay tax, maintenance costs, and salaries, and now pension payments.

6. Communist countries in the past dealt with all those 'evil' businesses and sold product at people's prices. Result...scarcity and black markets that sold product at heavily inflated prices.

All in all, am happy that we have refineries going up in nigeria, because the government removed subsides (under duress, but that's ok,sometimes hard times forces people to make sane decisions)>

Macphenson:
Pls NNPC should give more importers license to import fuel. This is exactly why Dangote is against those licenses so that he can have monopoly of the market and exploit Nigerians recklessly.

ironheart:
This means selling petrol at N300 is possible. But our wickedness will not allow us. The government was quick to remove subsidy and abandoned the masses to the dogs..

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.


https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-price-goes-viral-amid-hike/



https://www.youtube.com/watch?v=4JH8CC_JdUA