₦airaland Forum

I doubt this will be completed in 2020, even 2023

Both Good and bad..






But at least there will be Jobs...



More Jobs.. On the bright side.. Dangote may one day be as rich as Nigeria

And do you know why this is on the bright side?































































































Because he doesn't f*cking carry his money to the united kingdom that's why

Ykman:
Is it really about monopoly? I don't think so. It's more about having a substitute & cheaper alternative to importing fuel. Its about conserving forex used for petrol importation. And it's about opening up opportunities in allied industries! Let's focus on the +ves

Why would you expect a businessman who is using his own money to care about all of the things you mention? Would you go into a new business with such things in your mind, or would you concentrate on getting the maximum return on your investment?

Dangote's entire fortune has been built on monopolies, and it's ridiculous to expect him to suddenly change his modus operandi and start acting as if he were running a charity: there must be a monopolistic angle to this new refinery that Dangote is counting on to more than recoup his investments.

kk

AutoReportNG:
According to Dangote, Yes, at a very reduced price! But I fear monopoly in this sector... Imagine one man controlling the price...

Have no fear cos that's the reality


Monopoly


Soon Dangote will buy Nigeria


Dangote is on his way to becoming richer than ever before

omohayek:
Why would you expect a businessman who is using his own money to care about all of the things you mention? Would you go into a new business with such things in your mind, or would you concentrate on getting the maximum return on your investment?

Dangote's entire fortune has been built on monopolies, and it's ridiculous to expect him to suddenly change his modus operandi and start acting as if he were running a charity: there must be a monopolistic angle to this new refinery that Dangote is counting on to more than recoup his investments.

Don't mind him...











If that guy you quoted was a bus driver.. And he's the only bus driver in his village...


He'll suck the villagers dry for each ride he gives them

AutoReportNG:
According to Dangote, Yes, at a very reduced price! But I fear monopoly in this sector... Imagine one man controlling the price...

That will give others motivation to build thiers and price will be slashed to compete among themselves...

Keep it up

Nice one..
At least it will change so many pple unemployment status....

mikebrown92:
That will give others motivation to build thiers and price will be slashed to compete among themselves...

And you think refineries are built with a couple hundred million dollars??



Why do you think government owned refineries are moribund??

mikebrown92:
That will give others motivation to build thiers and price will be slashed to compete among themselves...

In theory that might have been the case, but in practice I'm betting that Dangote's behind-the-scenes lobbying of success Nigerian governments is one major reason why the petroleum sector still hasn't been deregulated. If Dangote thought it likely that he would be facing serious competition in refining, I hihgly doubt he'd have sunk $1 billion into this project, as fair competition on a level playing field has simply never been his style.

am afraid because Dangote use to make his product very expensive eg,rice others,except they will be price control

BluntBoy:
SMH...

The level of corruption is the reason why Dangote has thrived!!! He is one of the beneficiaries of corruption.

At least he's investing in Nigeria and all over the world. Unlike these things calling themselves our leaders in elected offices.

thesicilian:
Will it make fuel cheaper and more available when it's completed?

At least you can be sure of availability of the product, while conserving USD that can be channeled into other development projects in the country. This is in addition to providing employments to Nigerians and the accompanying value chains.

BluntBoy:
SMH...

The level of corruption is the reason why Dangote has thrived!!! He is one of the beneficiaries of corruption.

If every Nigerian beneficiary of corruption invests in viable industries and technologies like Dangote. We would become a fully industrialised nation.

BluntBoy:
SMH...

The level of corruption is the reason why Dangote has thrived!!! He is one of the beneficiaries of corruption.

What about other beneficiaries of corruption according to you. How much of investments do they have. The drivers of all the industrialized nations are people like Dangote. The billionaires drive every economy in the world. If those you call beneficiaries are can invest heavily, Nigeria will be far better today.
Although I feel you are just a hater.

Why didnt dangote build this refinery in the Niger Delta area so another region produces the oil and the lagos benefits from the jobs created by this refinery what a mishap!!!

lawalosky:
able dangote I trowee salute....
he is the only elder statesman i see as far as naija is concerned

Elder statesman?



You mean, like Gowon, OBJ, IBB, Jakande, Shagari, Sonekan and Abdulsalami?

Eeeeerrrm.....

You do know what an elder statesman is, right?

Magnifiedmorgan:
Why didnt dangote build this refinery in the Niger Delta area so another region produces the oil and the lagos benefits from the jobs created by this refinery what a mishap!!!

Una go allow am do de work?

deji17:
At least you can be sure of availability of the product, while conserving USD that can be channeled into other development projects in the country. This is in addition to providing employments to Nigerians and the accompanying value chains.

The man is unafraid of making money in Naira. As a result, he's creating local jobs for Nigerians, unlike those idiots shipping our cash outside.

No bad at all. Let's see wat the effect will be wen completed.

I'm just wondering why some people are just saying monopoly monopoly! Monopoly is bound to happen where there are no competitors and the government doesnt seem ready to make government refineries work which can be an alternative to dangotes refinery. Dangote isn't running a charity organisation!!!

Ykman:
Is it really about monopoly? I don't think so. It's more about having a substitute & cheaper alternative to importing fuel. Its about conserving forex used for petrol importation. And it's about opening up opportunities in allied industries! Let's focus on the +ves

Are you a Nigerian? Haven't you heard of bans on import? This is monopoly brewing and if the price of cement couldn't be reduced by Dangote, how can we expect a reduction in the prices of petroleum products?

is like d op is high on Oshogbo weed. so eko Atlantic is very close to ibeju lekki. oga oooooo.

if you think that this will mean cheaper petrol, you are dull.

It means your petrol price is now tied in the hands of one man. He will blame the underlying cost factors why cost of petrol is high.
He will give excuses from Vandalism pipelines to Insurgency, to other crazy things just to justify petrol price or lack of forex to maintain equipments.

Doesn't Dangote produce cement? Is cement cheap in Nigeria, or don't you know that importing cement is cheaper than Dangote cement?

Nna calm down o, For now all the gains are just on paper , when action starts you will hear another thing. no be Naija we dey again.

if you are wise you will see that dangote is about to be the The sole dictator of 9ja Inflation rates.

Bolustical:
With all these, one would never see Dangote or wealthy Northerners from Kano brag about their investments (in billions)in the other parts of the country.

Meanwhile, ordinary gala hawkers and spare part dealers in 2*2 shops will be foaming in the mouths of how they are the richest.

Indeed, only empty barrels make the loudest noise.

Hahahahahaha. See finishing. If I say I, you say POB, omo na you sabi o.

Let’s not forget, there are more gold mines in the north than oil wells in south south.

Let’s ask ourselves the question.

AutoReportNG:
According to Dangote, Yes, at a very reduced price! But I fear monopoly in this sector... Imagine one man controlling the price...

Monopoly, so be it. It's not his fault that he is doing what our president can't.

chukzyfcbb:
if you think that this will mean cheaper petrol, you are dull.

It means your petrol price is now tied in the hands of one man. He will blame the underlying cost factors why cost of petrol is high.
He will give excuses from Vandalism pipelines to Insurgency, to other crazy things just to justify petrol price or lack of forex to maintain equipments.

Doesn't Dangote produce cement? Is cement cheap in Nigeria, or don't you know that importing cement is cheaper than Dangote cement?

Nna calm down o, For now all the gains are just on paper , when action starts you will hear another thing. no be Naija we dey again.

if you are wise you will see that dangote is about to be the The sole dictator of 9ja Inflation rates.

You are shouting Monopoly. Do you know how many Nigerians that Dangote employs? If you are importing cement, all those factory jobs will be none existent.

Henrychris:
This is an opportunity to own a plot of land in the peninsula estate phase 2 which is 5mins drive from the refinery for less than 1m...contact me for inspection

Why would you want to live near a Petrol Chemical plant? C'mon man.