₦airaland Forum

Joromi12:
Dangote never thrives when there is free market. He also will not sell fuel at 145. Forcing govt to pay hin subsidy

1. It IS a free market... all those wealthy Nigerians buying properties in US, UK, Dubai; what stopped them from opening their own factories to produce cement, sugar, tomatoes or fuel? All those people buying expensive cars and wasting millions of Naira on shoes and champagne nko? They didn't think of making small factory? As of now sef, there are still many many areas that they could go into today, but they won't. When Dangote goes into those areas, people will accuse him of monopoly or non-free market.

2. Why should any private company sell their products at a comparative loss? If government subsidizes fuel bought from other countries (and indirectly also NNPC), why the hell should a private Nigerian company not also receive that same subsidy? Are you preferring to penalize the Nigerian company? The money and loans being used to fund the project, will it get paid back with losses?

So much Dangote envy from folks that import adulterated tomato paste from China

nextstep:
1. It IS a free market... all those wealthy Nigerians buying properties in US, UK, Dubai; what stopped them from opening their own factories to produce cement, sugar, tomatoes or fuel? All those people buying expensive cars and wasting millions of Naira on shoes and champagne nko? They didn't think of making small factory? As of now sef, there are still many many areas that they could go into today, but they won't. When Dangote goes into those areas, people will accuse him of monopoly or non-free market.

2. Why should any private company sell their products at a comparative loss? If government subsidizes fuel bought from other countries (and indirectly also NNPC), why the hell should a private Nigerian company not also receive that same subsidy? Are you preferring to penalize the Nigerian company? The money and loans being used to fund the project, will it get paid back with losses?

You have spoken well

Joromi12:
Dangote never thrives when there is free market. He also will not sell fuel at 145. Forcing govt to pay hin subsidy

If the same government is paying subsidy to others who are importing fuel (thereby creating jobs abroad where they are importing from) to sell at N145, then why shouldn’t the government pay the same subsidy to Dangote (who will be creating thousands of jobs here in Nigeria) to sell at N145. In fact, not only will Dangote be saving Nigeria all of those billions of dollars used to import fuel (and will even be earning Nigeria dollars from exports), but people employed at his refinery and other ancillary businesses will be paying income taxes to the government.