₦airaland Forum

ccollins:
but you did not know it’s very bad for dangote to hike prices of his refined fuel. The high prices is making life difficult for some Nigerians. Are u not aware of that fact

While I do not hold brief for Dangote I am well aware that the international price of crude has gone up because of the Iran-US war and the approach of winter in Europe and that will impact the price at which he sells since crude is not sold to him in Naira. All considered I expect Dangote to be patriotic in determining his margins. You must also consider that petrol is smuggled to neighbouring west-african countries who will prefer that to buying from Dangote at international prices.

omoredia:
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?

So why cant they import and sell the imported products? Why must Dangote sell his products to them, if they already know where to import cheaper products?
They are buying Dangote's products and mixing it with inferior imported products, thereby under cutting Dangote. And you people just open your mouth to say rubbish

Dangote want to be the only one doing petro business in Nigeria just the way they did in cement thoes days

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 write up? The importers are bringing in adulterated fuels from abroad into the country and are commingling with high-quality Dangote fuel, while still selling to you and I at a high exorbitant rate. Dangote on learning this evil act decided not to sell to these major importers. Is he doing you a favour or not? Of course he's trying to stop these evil men from scamming us. He deserves our praise here bro.

Are you worried ni? The refinery should be ready in the next 15 years. Also, the shares you bought is not 100 percent 2 odds game. You need to be patient and pray for the company to cash out quarterly. Ire oo

nairavsdollars:
Is it true or shares money is being used to build refinery in Kenya?

Iran2025:
Nothing stops Tinubu from building new refineries with our fuel subsidy's money.

Which fuel subsidy money?

Gboss247:
Which fuel subsidy money?

That Nigerians have been paying.

Iran2025:
That Nigerians have been paying.

Petrol subsidy was financed with loans with the government owing subsidy debt

omoredia:
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?

Where is the far cheaper imported petrol sold and what is the grade?

blackmantis:
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.

Under which law?

zoedew:
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.

Who gave Nigerians this idea that subsidy reduces profits?

Emmabyte:
Dangote want to be the only one doing petro business in Nigeria just the way they did in cement thoes days

You seem to be tying from a different planet

softtorce:
How people make comment as senselessas this is beyond me.

So i should allow Lunatics purchase my product, adluterate it n sell the substandard product directly to the populace in competition against me.

Just as fake coke toothpaste palm oil are sold across the country.

You just rescued me from hopelessness with this post of yours.

Thank you so much!

Reference:
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.

The re-introduction of subsidy won't have an effect on Dangote's profit margin. The cost will be shouldered by the Fed Gov.

realguyremzy:
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

At least if you want to hate on Dangote, do it in such a way that it will still be benefitial to you. Suggesting that the NNPC, an institution that has done nothing in its entire history but prove it is incompetent, should handle refineries, is shooting yourself in the foot.

The best you should have done in support BUA to speed-up with his refinery or better still, you build your own and compete.

zoedew:
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.

You know the truth but you are trying to bypass it

At this stage, there is not scarery about Atiku that we have seen worst in any Govt, even Tinubu govt has it All
There is no skeptism you are bringing about Atiku that Tinubu have not done worst ... Tinubu promised a maa gbe wa le he did oppose

Tinubu has plan to remove subsidy on everything, if you say Atiku will privatize everything how is that more worst

Is it corruption, have you seen the loads of missing funds nd funds that can not be accounted for under Tinubu

SO this Atiku personality skeptism as outlived its potency, Tinubu have brokena all Limits, abuse power, turn Nass & judiciary to stooges

Subsidy for local refinery is not Atiku made, this model hase long practice nd tested in countries like saudi, russia, algeria, argentina ..thats enough feasibility assurance

Bro their is nothing saint-er about Tinubu than a Atiku

Gotocourt:
Baba will start selling it cheaper, they'll run at a loss .

#Staywicked .

I no like Tinubu but helping to actualise Dangote refinery is one hell of a move

flokii:
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.

I still don't agree with you ,I mean it doesn't require an economic expert but simple logic,if dangote refinery by being sited in an export processing zone created on Nigerian soil automatically means they are technically not in Nigeria then where are they located,in space or where?,by the way, accepting without agreeing with you,even if that be the case ,is it a must for dangote to sell to those crook importers?, dangote is never a father Christmas,let no one blame him because he has vehemently refuse to be exploited simple.

emirate9:
You know the truth but you are trying to bypass it

At this stage, there is not scarery about Atiku that we have seen worst in any Govt, even Tinubu govt has it All
There is no skeptism you are bringing about Atiku that Tinubu have not done worst ... Tinubu promised a maa gbe wa le he did oppose

Tinubu has plan to remove subsidy on everything, if you say Atiku will privatize everything how is that more worst

Is it corruption, have you seen the loads of missing funds nd funds that can not be accounted for under Tinubu

SO this Atiku personality skeptism as outlived its potency, Tinubu have brokena all Limits, abuse power, turn Nass & judiciary to stooges

Subsidy for local refinery is not Atiku made, this model hase long practice nd tested in countries like saudi, russia, algeria, argentina ..thats enough feasibility assurance

Bro their is nothing saint-er about Tinubu than a Atiku

Nice opinion. Whatever!!

mikeapollo:
So why cant they import and sell the imported products? Why must Dangote sell his products to them, if they already know where to import cheaper products?
They are buying Dangote's products and mixing it with inferior imported products, thereby under cutting Dangote. And you people just open your mouth to say rubbish

It's shocking! Most of the comments show that readers lacked simple comprehensive abilities or they are outrightly biased against dangote. You nailed it spot on! People are yapping rubbish without understanding malpractice by importers. This thread is like okada riders discussing high cost of flight tickets

Heffalump:
Did you read the write up? The importers are bringing in adulterated fuels from abroad into the country and are commingling with high-quality Dangote fuel, while still selling to you and I at a high exorbitant rate. Dangote on learning this evil act decided not to sell to these major importers. Is he doing you a favour or not? Of course he's trying to stop these evil men from scamming us. He deserves our praise here bro.

Lol, most of them dint read the write-up, they don't understand blending, or have faint idea of 'cheap dirty imported fuel'. Once they see 'Dangote' they go gugugaga

Please speak English

Gboss247:
You seem to be tying from a different planet

Quite an interesting perspective on this matter. It is always refreshing to see someone present balanced viewpoints with logical points rather than just following the usual popular bandwagon opinions.