₦airaland Forum

eleko1:
DANGOTE wahala is just too much .one day one trouble

When you own a $25 billion investment open mouth down make people crash am for you. since you no like trouble

Prodigal nation! No country hands over is critical downstream sector to an individual.

It's just so crazy. Difficult to understand.

Don't mind Nigeria, we should hand over the critical sector to you that produce fake n adulterated Fanta Coke Palm oil Soap Rice Bean Fufu Ketchup for you to adulterate Dangote product. You are very right.

NwokoloOwa:
Prodigal nation! No country hands over is critical downstream sector to an individual.

It's just so crazy. Difficult to understand.

anonimi:
Should this wailing not be directed to the wicked balablu bulaba clueless town hall clown in Aso Rock?
The master strategist who is paying fuel subsidy illegally to import from their Malta blending plants, as he labours in vain to destroy Dangote.

malali:
Nigeria’s energy policy needs a reality check.

While governments around the world are taking emergency measures to cushion citizens and businesses from the Iran-driven energy shock, Nigeria appears far too comfortable watching the consequences pass straight through to consumers.

More than 100 countries have introduced measures to deal with the energy crisis. Governments have cut fuel taxes, released strategic reserves, introduced price brakes, eased transport costs and provided targeted assistance to industries and households. Austria introduced a petrol-price brake. Australia released petrol and diesel from reserves. Turkey reduced fuel taxation. The G7 has now agreed to release 100 million barrels of oil and diesel to help stabilize markets.

What is Nigeria doing?

Fuel prices feed directly into transport costs, food prices, logistics, manufacturing, construction and ultimately household purchasing power.

The answer doesn't necessarily have to be a return to the old petrol subsidy system.

There are other tools:

temporary fuel-tax relief, strategic reserves, targeted transport support, emergency diesel measures for critical industries, accelerated domestic crude supply, competition enforcement, and transparent rules governing refinery and import markets.

The objective should be simple:

Protect Nigerians from an extraordinary external shock without recreating the structural problems of the old subsidy regime.

What Nigerians should not have to accept is a government standing on the sidelines while petrol and diesel prices work their way through every single corner of the economy.

There is an energy-security problem, and Nigeria needs an energy-security response.

All the painful reforms implemented by Tinubu’s economic team, Cardoso, Edun and Oyedele, risk being undermined by one major problem: uncontrolled petrol and diesel prices.

You cannot fight inflation with monetary policy while allowing energy prices to become a massive inflationary shock.

The CBN is cutting interest rates just as fuel costs threaten to push inflation higher. That makes little sense to me.

Petrol and diesel don't just affect motorists. They affect transport, food, logistics, manufacturing, electricity and virtually every business in Nigeria.

You cannot put out an inflation fire with one hand while pouring petrol on it with the other.

If energy prices are allowed to spiral, what exactly were all these painful reforms supposed to achieve?

Moroccoguy:
Those that bought Dangote IPO and still want subsidy to return need brain recheck.

Hahahaha....I have been saying this for long but few saw this.

The whole IPO thing was never about the finances. It was purely socio-political. And the more I see the rampaging roadshows, the unprecedented overwhelming adverts and the desperation to bring AS MANY PEOPLE INTO DANGOTE as possible, to make it as they say, 'too big to fail'. In this case, 'too BROAD to fail'....

Nigerians are simply called in to become socio- political human shields against any government seeking to torpedo it's business plan that desperately depends on zero subsidies, on the road to total domination of the market.

And who started all this, Mr. Atiku Abubakar and his position which in gaining traction has rattled the Dangote empire.

Watch this space. This caper is getting interesting.

Can you buy Dangote shares and still insist on reintroducing subsidy aka cheaper fuel....? The debate is on.

Dangote the sherlock, too sure he will increase price. I bought IPO, but subsidy must return.

I Dangote and I support fuel importation. We will suffer if Dangote becomes a monopoly. Ultimate solution is major refineries controlled by NNPC or else we are dead meats

Zico5:
Dangote is one of the major problems of this country. Since the federal government is directly benefitting from his exploitation of the masses, he believes he can do anyhow he wish. He wants to dictate every sector of the economy just for personal gain and not for the benefits of the masses. Tinubu won't stop him cos they are both on business agreements just to subject the masses to their whims and caprices.

you need a MRi scan ...Refinery your govt cannot build in 30yrs, refinery investor are running away to invest

One man single handedly built what a Govt can not do for Nigerians and you think Dangote is a problem because he is looking out to ensure is business is not shortchanged

If not for Dangote with the Us iran middle east crisis going on ...what do you think would have happened to Nigeria by now .... For years these rogue " Marketers have shown us shege, artificial scarcity, unexplainable fuel hike, so much opaqueness in that sector before Dangote arrive

Thats your problem, you better take a bed @ luth

Zico5:
Dangote is one of the major problems of this country. Since the federal government is directly benefitting from his exploitation of the masses, he believes he can do anyhow he wish. He wants to dictate every sector of the economy just for personal gain and not for the benefits of the masses. Tinubu won't stop him cos they are both on business agreements just to subject the masses to their whims and caprices.

Just take a look a citizen who want progress but supporting nonsense. Imagine importers selling lower grade petrol the same or even higher price to high grade petrol

Zico5:
Dangote is one of the major problems of this country. Since the federal government is directly benefitting from his exploitation of the masses, he believes he can do anyhow he wish. He wants to dictate every sector of the economy just for personal gain and not for the benefits of the masses. Tinubu won't stop him cos they are both on business agreements just to subject the masses to their whims and caprices.

Will you just keep shut bro
Where were you when they were collecting subsidy funds and diverting it to another cou try making a huge profit off us? Answer me now....
How is Dangote the problem of this country?
No tell me when they were all collecting subsidy funds upto N400B every month and doesn't have the sense to build a refinery all these years, did you say this against them?
Some of you will just think it is about opening mouth waaaa to talk or spew non sense on this forum... As you all like...
I don't blame some of you sha...
Children born from the 2000s upward think they have an opinion on this...
Or were you there when they were telling the refinery workers to sabotage the Nigerian refineries for their own gain?

Gboss247:
Just take a look a citizen who want progress but supporting nonsense. Imagine importers selling lower grade petrol the same or even higher price to high grade petrol

Imagine ooo

I just lambasted him now...
Some of them don't have a single iota of sense

emirate9:
you need a MRi scan ...Refinery your govt cannot build in 30yrs, refinery investor are running away to invest

One man single handedly built what a Govt can not do for Nigerians and you think Dangote is a problem because he is looking out to ensure is business is not shortchanged

If not for Dangote with the Us iran middle east crisis going on ...what do you think would have happened to Nigeria by now .... For years these rogue " Marketers have shown us shege, artificial scarcity, unexplainable fuel hike, so much opaqueness in that sector before Dangote arrive

Thats your problem, you better take a bed @ luth

God bless you bro

This argument by Dangote about bad imported fuel is yet to be substantiated. His quality might be superior but that doesn't mean others do not meet the specifications. He and his supporters always cite that the regulator NMDPRA doesn't have a certified laboratory. That in itself isn't an indictment because the regulator might decide to do a multi layer strategy where it gives out samples for investigations to different independent laboratories. Isn't that a more credible way than using govt labs which are easier to compromise?

Zico5:
Dangote is one of the major problems of this country. Since the federal government is directly benefitting from his exploitation of the masses, he believes he can do anyhow he wish. He wants to dictate every sector of the economy just for personal gain and not for the benefits of the masses. Tinubu won't stop him cos they are both on business agreements just to subject the masses to their whims and caprices.

Did you read the article and think through it before typing?
Or you just typed based on whatever biased you have in your head.
How do you take MTN line in and sell as Airtel sim card? That is the fraud that the importers are alleged to be perpetuating! And you expect Dangote to keep quiet?

Moroccoguy:
Those that bought Dangote IPO and still want subsidy to return need brain recheck.

How?
What is dangote refinery with subsidy?

It is even better that subsidy returns now because subsidy will be easier to monitor now

What we are buying is condensate not the real PMS even Dangote is guilty

Iran2025:
His decision. We have been consuming imported fuel for years. Na him Sabi. We need more hands to import more fuel to reduce the prices. Dangote never see anything.

When will some people see reality. Nigeria is the only country that exports crude only to import substandard petrol and sell it higher than the standard petrol yet a citizen still believes the illusion of competition reducing price.

Why is President Tinubu not doing anything to checkmate this wicked monopolist called Dangote?.. for crying out loud, he is the Minister of Petroleum and should be able to take a stand on the oil and gas sector of Nigeria.

Nigerians are doing "I don't care" about this Dangote nonsense now.. You people will cry las las and by then things would have gone beyond repairs.

The wicked man from his antecedents only want to exploit Nigerians to gain wealth (where he plans to take all the wealth to is what I don't know). Look at cement, salt, flour etc. he is always looking for monopoly, to be the only one dictating prices while pushing inferior-quality products into the market.

Nigerians wake up now before it gets too late.

Nigeria is not the property of Dangote family that others would be denied access to do business in key economic sectors. Hmmn, you people will buy petrol at #3,000 per litre with the way this man is going.

adenigga:
Source: https://punchng.com/dangote-stops-petrol-sales-to-fuel-importers

I agree totally with dangote on this,after all dangote is not stopping anyone from importing but if you insist on importing,then import n subject your imported products for standard checks ,if the corrupt systems compromise itself it's not dangote's fault but don't go to dangote to buy in large bulk for blending, international treaties, agreement n deals are broken always but that hasn't cause the world to end,I wonder why the Nigerian government can't renegotiate whatever deal they made with Nigeria's crude uptakers to ensure dangote gets enough feed stock to produce n sell to Nigerians at affordable prices,just about everything is corrupted in this country.

zoedew:
The unpatriotic importers of petrol wasting our scarce foreign currency do not deserve to be supported at all because they have no proof that local refinery production has not been sufficient to meet local demand such as would necessitate the import of petrol! Their conduct undermines the ability of local refineries to operate profitably. Many have obtained the licence to operate refineries locally but prefer to keep importing as it is less risky to trade in petrol than to refine crude oil into petrol locally.

I think whosoever gets the license to build a refinery but fails to start building in one year should have the license revoked and reissued to serious refinery operator who is interested.

All these things are happening because there's no competition. Assuming we have about 10 different fully functional refineries in Nigeria, things of this nature wouldn't have happened.

However, I would prefer that people also have the license to import petrol to avoid experiencing the downsides of monopoly in that sector while the importers also stop interfering in Dangote policies if they can not patronize or abide by his policies.

Let it be a free market, willing buyer, willing seller.

Zico5:
Dangote is one of the major problems of this country. Since the federal government is directly benefitting from his exploitation of the masses, he believes he can do anyhow he wish. He wants to dictate every sector of the economy just for personal gain and not for the benefits of the masses. Tinubu won't stop him cos they are both on business agreements just to subject the masses to their whims and caprices.

Did you actually comprehend the write up at all?

Deepthoughts:
I agree totally with dangote on this,after all dangote is not stopping anyone from importing but if you insist on importing,then import n subject your imported products for standard checks ,if the corrupt systems compromise itself it's not dangote's fault but don't go to dangote to buy in large bulk for blending, international treaties, agreement n deals are broken always but that hasn't cause the world to end,I wonder why the Nigerian government can't renegotiate whatever deal they made with Nigeria's crude uptakers to ensure dangote gets enough feed stock to produce n sell to Nigerians at affordable prices,just about everything is corrupted in this country.

You're wrong.. according to extant laws, Dangote petrol is the same thing as imported petrol because his refinery is located in a Free Zone, not within Nigeria's Customs territory.

The man is deceitful, dishonourable and plain wicked. If not, he knows he has no right to claim his refinery is a Nigeria project by law.

Dangote is breaking the bondage of economic slavery for generations to come

Haters are throwing stones

Posterity will judge him right on this one,it's not an easy battle he his fighting,I hope Nigerians know to support him,he has undertaken a great endeavour one we should all support

Dangote showing his true colours now. How won't they import when the imported is far cheaper that the locally produced fuel. Was Nigeria set up for Dangote and his family?

They have been importing fuel all theses while before Dangote Refinery Let them continue to import and sell what's the wahahla now. Dangote said he is not selling to you simple.

The rate at which the fuel burns is crazy

You go fuel for car bf u know it, its gone

Nigerians, we are l problems to our selves

flokii:
You're wrong.. according to extant laws, Dangote petrol is the same thing as imported petrol because his refinery is located in a Free Zone, not within Nigeria's Customs territory.

The man is deceitful, dishonourable and plain wicked. If not, he knows he has no right to claim his refinery is a Nigeria project by law.

I don't agree with you,a FTZ or EPZ are just economic strategies within a country,they only enjoys tax holidays for some time,dangote is not stopping anyone from importing, it's not a must for dangote to sell to importers after all dangote is sourcing a large portion of his crude feed stock from outside Nigeria which is an irony n a big shame,dangote has done his best it's up to the Nigerian government to do the needfu,if the government fails due to corruption or plain incompetence dangote should not be blamed please.

Deepthoughts:
I don't agree with you,a FTZ or EPZ are just economic strategies within a country,they only enjoys tax holidays for some time,dangote is not stopping anyone from importing, it's not a must for dangote to sell to importers after all dangote is sourcing a large portion of his crude feed stock from outside Nigeria which is an irony n a big shame,dangote has done his best it's up to the Nigerian government to do the needfu,if the government fails due to corruption or plain incompetence dangote should not be blamed please.

Free Zones were originally designed for export only, reason they are regarded as not within Nigeria's custom's territory, don't pay taxes and are not subject to checks and fines by Nigerian regulations. It's people like Dangote that bastardized the whole thing after cheating the Federal Republic of Nigeria.
If you want to talk of true local refineries, you'll pick the ones outside the Free Zones that comply with Nigerian laws.

eleko1:
DANGOTE wahala is just too much .one day one trouble

That is a very good move, why are they importing when they can buy from him? Very envious people!

yemre:
I think whosoever gets the license to build a refinery but fails to start building in one year should have the license revoked and reissued to serious refinery operator who is interested.

All these things are happening because there's no competition. Assuming we have about 10 different fully functional refineries in Nigeria, things of this nature wouldn't have happened.

However, I would prefer that people also have the license to import petrol to avoid experiencing the downsides of monopoly in that sector while the importers also stop interfering in Dangote policies if they can not patronize or abide by his policies.

Let it be a free market, willing buyer, willing seller.

We cannot be talking about preventing the experience of the downsides of monopoly when we are at the crossroads where we must implement policies that discourage trading in petrol instead of investing in refining crude locally. While the former further damages our economy and negatively impacts our balance of trade and fritters away our foreign currency reserves the latter preserves and brings in foreign exchange as well as provide employment and adds value to our crude! The government should withdraw all the refinery licences and invite folks to bid for them afresh showing evidence of seriousness with the condition that they build the refineries within 3 years maximum. When importation becomes unprofitable they will be forced to make a choice between harming us and leaving us alone. The government has a duty to get the government refineries working to stimulate the needed competition with Dangote Refinery. The buck stops at the table of the President who is also the Petroleum Minister! It is President Tinubu's call!!! How he deals with the matter will largely define how history will judge his Presidency.

Gboss247:
When will some people see reality. Nigeria is the only country that exports crude only to import substandard petrol and sell it higher than the standard petrol yet a citizen still believes the illusion of competition reducing price.

Nothing stops Tinubu from building new refineries with our fuel subsidy's money.

emirate9:
With the emergence of Dangote refinery and the position of Tinubu govt on fuel import ... Is it the marketers we should blame or we just have an irresponsible govt under Tinubu ...

A govt that believes more import license is the best way to curb monopoly, using importation as competition to local refinery ..

Just imagine what Atiku is proposing Govt switch to subsidize local crude production, lower price from locals will make Importation unviable, many will want to Merge n build there own refinery to compete

Nice. I agree that this government has been irresponsible in granting import licences to bring in petrol when it could have subsidised local crude production through the NNPCL in which it has controlling shareholding. Going that route might reduce NNPCL profit but it gives the much-needed succour to the people while we await the promised micro benefit of the macro improvement in the economy. Given the thieving and corrupt antecedents of Atiku I do not trust him to be able to do what he suggests in a manner that will not in the long run harm the country.