₦airaland Forum

Alikote:
Guys they post 200 thousand pounds trucks this one they post receipts abi u be bar attender taught u where a player in the down stream oil market...whoaa i wasted my time

ImadeUReadThis:
Then source for crude elsewhere outside the Niger Delta.

For years the warri and PH refineries where meeting the nation's local consumption until your ab0kis ruined it.

Now that you have your own personal ab0ki refinery subsidized by the FG why not look for crude elsewhere?

Blue3k:
Dangote refinery not limited to Niger delta oil. It can refine heavier crude from neighboring counties.

deomelo:
Sometimes you realize too late after wasting time going back and forth with low grade, ignorant and unintelligent internet rolls.


I don't even get the idiotic receipt nonsense, many of these trolls have serious mental issues.

ImadeUReadThis:
Then God speed.

You can now begin importing crude

Blue3k:
Nigeria already does where have you been.

Blue3k:
Nigeria already does where have you been.

deomelo:
In his ipob village.

Alikote:
bar tending ..he cant comprehend it heavy crude ..he doest know we import crude for kaduna refinary dunce

ImadeUReadThis:
So why the reference to heavy crude?

Alikote:
bar tending ..he cant comprehend it heavy crude ..he doest know we import crude for kaduna refinary dunce

Blue3k:
Nigeria delta crude is light compared to heavy crude from countries like Angola. Nigeria imports crude from Niger Republic.

ImadeUReadThis:
Oh really?

We import crude for what exactly?

And if we must import crude why go for an alternative that is far less in quality than what we have?

This must be another huge scam ongoing that I am not aware off.

Since Niger only got into the business of oil exploration just a few years back and that I can appreciate the ab0ki sentiment to help their fellow camel buddies in Niger out and that the warri-kaduna pipeline may have been taken out of operation due to ND militants, can you pls tell me when Nigeria began importing crude?

ImadeUReadThis:
At the detriment of your local content and dwindling forex?

Macro-economics does not stop at the balance books but looks at the greater economic effect.

Importing fuel made your energy requirement import dependent and loss of potential jobs.

The same reason the western steel companies will never allow you develop your steel industry.

Its all part of the grand triangular trade model - your natural resources in return for finished goods.

Why you still export cocoa and import chocolates.

I know its stupid but this is a lazy corner of the world

Blue3k:
To refine it the kaduna refinery is in North. Who cares if they only got into business a few years ago. It's an irrelevant detail. The same reason we import their crude is sane reason US refiners is similar to US importing Tar sand oil. Did you do any research before starting this thread?

Why do you people scream scam as knew jerk reaction. You didn't even know about Niger Nigerian trade before today. Suddenly your sure sometging fishy going on.

I'll add evidence from MIT atlas.

ImadeUReadThis:
This is daft.

Because you can't secure the warri-kaduna pipeline and they want to help their buddies in Niger they decided to import crude from Niger.

Again why is there even a refinery in Kaduna? Did they conceive that Niger crude will come on stream 30yrs after the built the Kaduna refinery?

The stupidity being displayed by the northerners is why nobody in their right mind would have invested in building a refinery in Nigeria and the only reason why Dangote knows he can since he will be guaranteed patronage and subsidies.

Do you now see the crux of this thread?

Alikote:
the niger -chad pipe export thru cemrooun bush man chad have 1 billion barrels reseverd niger 500 plus soraz refinary

ImadeUReadThis:
This is daft.

Because you can't secure the warri-kaduna pipeline and they want to help their buddies in Niger they decided to import crude from Niger.

Again why is there even a refinery in Kaduna? Did they conceive that Niger crude will come on stream 30yrs after the built the Kaduna refinery?

The stupidity being displayed by the northerners is why nobody in their right mind would have invested in building a refinery in Nigeria and the only reason why Dangote knows he can since he will be guaranteed patronage and subsidies.

Do you now see the crux of this thread?

ImadeUReadThis:
Ever wondered why all the major multi-national oil companies, who have been operating for decades in the oil sector have never for once considered setting up refineries in Nigeria but one staple food distributor is?

The big oil companies have avoided the downstream sector because there exist no rule book or legal framework deregulating the sector. The now watered down and over delayed PIB is also not helping matters as it doesn't provide enough legal backing to would be investors in the down stream sector.

However, Aliyu Dangote - a master of lobbying for govt patronage, subsidy and monopoly is going ahead with his refinery because he has the assurance of future Govt protection in solidifying his monopoly of the downstream sector.

How will he achieve this?

Well he already has since he had free land donated to his refinery by the Lagos state govt, and will also enjoy years of tax breaks from both the FG and Lagos FIRS.

Dangote was also able to secure forex subsidy in importing parts for his refinery and will be guaranteed crude sales from the state owned NNPC at a parallel rate that will be lower than what oil will be trading internationally.

The successful and high profitability of Dangote's refinery when it finally comes into operation, will also see Dangote building and commisioning another refinery within 5yrs his Lagos refinery kicks off.

As Dangote continues to enjoy preferential treatment and smile to the billionaire club, note that it will come at a heavy cost to opening the door for other would be investors leading to the erosion of potential jobs, lowered tax returns to the govt and the Dangotization of our Aso Rock through his bribery lobby.

So keep clapping for Dangote as he goes in dry and hard on your ass

ImadeUReadThis:
There you go again.

Did Lagos dash Ibru land or provide subsidy for him in any form just as you are sheepishly dashing Dangote your wealth?

ImadeUReadThis:
The only reason Dangote is going all hard on this project is because he is assured of govt subsidies and protection.

There is no viable legal framework de-regulating the down stream sector and that is why you will never see any other investor who doesn't enjoy similar govt protection like Dangote.

The man has a way of manipulating our lax laws and corrupt bureaucrats to his bennefit.

Consider for a one moment that Dangote has never built a single factory in his entire life. Obajana cement plant was an FG company which he successfully bought, same with his cement plant in Benue and his sugar mill ( formerly Savannah sugars in Adamawa) from the same Federal Govt.

You should also be aware of his rice and sugar monopoly exploits under Obasanjo which led to the deportation of the Vaswanni brothers.

Okoroawusa:
No but I was responding to ur previous post abt south west n how ibru made his wealth.
Ibru's life story is that of a humble beginning that started in lagos n is still deeply rooted in lagos.
Ibru was doing business wit govt even before independence.if u grew up in lagos like I did ask ur grandma abt "eja ibru"(frozen fish),lagos hotel,ibru jetty,ibru fuel depots n so on.These were made possible as a result of relationships wit every govt in power in lagos over time.Big businessmen world over rub shoulders wit people in govt.Dangote is not an exception.

Saaruman:
You dey mind the zoo? Zoorians are in for a new form of bondage - MONOPOLY.
Govt backed monopoly for "Special private businesses" was the reason why dangote group became what it is today. Assuming Innoson motors was own by dangote group, I assure you that vegetable govt will implement the complete BAN importation of vehicles into Zoogeria under the guise of supporting local manufacturers. But because a southerner is the owner, they don't mind if the zoo is flooded with substandard vehicles. Innoson is not part of the "Special Business" that deserve govt support. In fact, they are currently cooking for ways to run Innoson motors down. Talk about supporting local manufacturers. This is how hypocritical zoo govt has been over the years.


Have it the back of your mind that dangote is just a front man. The real owners of dangote are conglomerates of northern elites. They are using govt to give undue advantage to dangote at the expense of other manufacturers - case in point: ZOO GOVT VS IBETO CEMENT.

PapaBrowne:
What kind of reasoning is this??

That we should rise up and protest against Dangote because he is building a refinery that a whole FG has refused to build for the last 30 years??

What’s my business if he is running a monopoly.

Facebook is running a monopoly on social media and we are all doing just fine.
Google is running an absolute monopoly in search and we are fine.
Android and IOS are running a Global duopoly in operating systems and the world is fine!

NNPC has run a monopoly in the oil sector for as long as we have known and we are not dead.

Why is DANGOTE building a refinery suddenly a problem.

Just for your info, did you realize that throughout the recession the only Nigerian commodity that didn’t go up in price was cement??

Asides, there is no industry in the country that Dangote operates a monopoly. Sugar, Cement, Flour, etc he has very aggressive competition.

GavelSlam:
Who stopped you from embarking on a similar project?
Should a project of significant national importance be overlooked?

Are you happy with the way respective governments and civil service have managed our refineries?


What do you suggest?


In the US the government bailed out automakers when the recession kicked in because they were of significant national importance.

Are other refinery projects not at various stages of establishment?

Have the other refinery projects complained about being unable to access dollars at a rebate?

ImadeUReadThis:
[s][/s]

He will import crude from Niger and NOT source free oil from the Niger Delta.

The Yorubas have already dashed him their 40,000 barrels a day oil field.

Let him use that in his refineries

PapaBrowne:
What kind of reasoning is this??

That we should rise up and protest against Dangote because he is building a refinery that a whole FG has refused to build for the last 30 years??

What’s my business if he is running a monopoly.

Facebook is running a monopoly on social media and we are all doing just fine.
Google is running an absolute monopoly in search and we are fine.
Android and IOS are running a Global duopoly in operating systems and the world is fine!

NNPC has run a monopoly in the oil sector for as long as we have known and we are not dead.

Why is DANGOTE building a refinery suddenly a problem.

Just for your info, did you realize that throughout the recession the only Nigerian commodity that didn’t go up in price was cement??

Asides, there is no industry in the country that Dangote operates a monopoly. Sugar, Cement, Flour, etc he has very aggressive competition.

IBBG:
cement went up in price as well, from 1,500 in 2015 to 2,500 now.

oyatz:
Dangote is not into tyre and beer manufacturing but the prices of these items have also increased, so who do we blame for this?

Blue3k:
1. Dangote doesn't have monopoly if we want to use word correctly. Petrolex building 250 million barrels per day refinery in Ogun. Did they have special deal (maybe). The government handed out plant of licenses but those companies weren't serious like dangote.

2. Nothing wrong with Lagos donating land. There's a lot of precedented for this in Nigeria. Akwa Ibom did it with innoson and The syringe factor If I recall correctly. The tax breaks are pretty normal for big projects aswell. Lastly we dont know what tax breaks he got exactly and besides the breaks aren't exclusive to him.



3. NNPC already sell oil below international rate to marketers. I don't agree with that but it not exclusive to dangote. The preferential subsidy akin to picking winners and losers so I don't agree with that.

3b. Deregulate pump prices and stop the bad forex policy of strong naira. Let the currency float. I don't disagree with some of your critisms and have sane opinion of Dangote in other areas. He lobbies to get special deals like when he ask to raise tariffs of food like tamotos. I also dislike protectionism.