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Nairaland Forum / Nairaland / General / Politics / Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF (19156 Views)
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Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Nemere2020: 9:59pm On Feb 10, 2021 |
The International Monetary Fund, IMF, the global financial watchdog, is projecting that Nigeria’s Dangote Refinery would provide an elixir for the country’s economy when it is completed and start production by 2022.https://dailynigerian.com/dangote-refinery-bail-nigeria/ 17 Likes 1 Share
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Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Omihanifa: 10:02pm On Feb 10, 2021 |
Nigeria should stop relying on Petro dollar if she doesn't want to be going and coming out of recession everytime, there are so many areas /sectors in the economy that can generate enough foreign exchange for the country which the federal government is not exploring. Sectors like agriculture, tourism and mining can generate so much foreign exchange if adequately taken care off. Most importantly the country should stop importing and start producing so that there won't be so much pressure on the naira. 58 Likes 2 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by chinjo(m): 10:06pm On Feb 10, 2021 |
We know already but will the current APC government under the leadership of Buhari allow that to happen? Your guess is as good as mine. 1 Like 3 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Rugaria: 10:11pm On Feb 10, 2021 |
Not when you have an utterly confused president, whose patriotism and loyalty to the national cause is highly questionable... Your country is about commissioning the biggest refinery in the world, capable of meeting all her petroleum needs, but you are busy as the president, constructing a pipeline to your maternal home in Zinder via Marada-Niger republic, just to keep the refinery there busy and profitable for another country! The Americans and the Canadians share the same ancestry, but you won't see an American president implementing obnoxious policies that favour the Canadians more than the Americans... It's called the "defense of national interests"! People with such alarming levels of administrative confusion as the Daurra Disaster are not qualified to manage a pigsty, not talk of being the president of the country with the biggest population of black people on earth.. 113 Likes 9 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by andyblinks: 10:13pm On Feb 10, 2021 |
yea |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by festacman(m): 10:16pm On Feb 10, 2021 |
Yeah! We already know. That's why we gave him all the favourable concessions. So IMF, please don't make it sound like you are revealing something big to us. 13 Likes 2 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Zico5(m): 6:04am On Feb 11, 2021 |
This is what we get when we assume too much power and resources in one person. There are many human potentials that can resucitate the fortune of this country but no they won't give them chance. They would rather kill their ambition with tax and unfavorable environment just to dissuade them from good ideas. Dangote is not the only person in this country. Why giving him only attention when there are untapped or relegated human resources down south here. 19 Likes 2 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by femi4: 6:04am On Feb 11, 2021 |
Let's see the refinery first 4 Likes 1 Share |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by LaIabobo: 6:04am On Feb 11, 2021 |
Very true. I hope the refinery is completed and functions optimally. Honestly, that project is the only lifeline for Nigerian economy in the nearest future. 15 Likes 1 Share |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by naijapage(f): 6:05am On Feb 11, 2021 |
[i]This what he is saying NO IMPORTATION OF ELECTRICAL CARS .... STEADY INCREASE OF FUEL PRICE .... NO TO STEADY POWER SUPPLY .... SO THAT PEOPLE WILL CONTINUE TO BUY PETROL PRODUCTS .... ..... MAKING SURE THAT OTHER TOP MEN WILL NOT GET LICENSE TO START PRODUCING CEMENT IN NIGERIA .... or do you think that most Igbo men cannot open cement company .... 18 Likes 3 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by MEGA4BILLION(m): 6:05am On Feb 11, 2021 |
You think the cabal in this present administration will allow the refinery to run. It's already a year+ since it was supposed to start refining 1 Like |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Gwan2(m): 6:05am On Feb 11, 2021 |
The challenge with a monopolistic capitalist like Dangote in a poor country like Nigeria is that the country will be at his mercy when critical economic structures are under his umbrella. He technically becomes above the law in many regards knowing that a squabble or friction with Dangote will spell economic doom for the government of the day..in that regard, he enjoys special economic privileges among his contemporaries or within the business sphere. Typical example is Carlos slim of Mexico On the other hand, in a rich countries like the US, UK etc....There’s an almost equal level playing ground and government subsidies cut across all players in the business sphere. Most importantly, the players are not above the law and could be summoned at any point they find deviation or sabotage to national interest like they summoned bill gate some years back, mark zuck recently and many more. 27 Likes 5 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Saheed9: 6:05am On Feb 11, 2021 |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Jaqenhghar: 6:06am On Feb 11, 2021 |
Can bail but it will not. As long as we have the 'chop first' mentality nothing will change |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by jesse8048(m): 6:06am On Feb 11, 2021 |
A country putting its destiny on a single man. Visionless, when are we going to diversify? 18 Likes 3 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Ayoola171(m): 6:07am On Feb 11, 2021 |
That's beautiful |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by landforeast(m): 6:08am On Feb 11, 2021 |
That is why wise people are already buying up Lands around the refinery. In case you don't know Dangote refinery is located a story throw from Lekki free trade zone and Lekki Deep seaport. Just close your eyes and imagine how much a plot of land will worth here in the future and the economic benefits that will be associated with having properties in the ibeju-lekki axis. Now is the best time to invest Check myself signature for contact details let me guide you on how to invest in Ibeju-Lekki |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Nobody: 6:09am On Feb 11, 2021 |
Monopolize everything in the country and make them extremely expensive 3 Likes 2 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Benesis: 6:11am On Feb 11, 2021 |
H |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by congi(m): 6:12am On Feb 11, 2021 |
Audio refinery. 1 Like |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by IamWonderful: 6:12am On Feb 11, 2021 |
ok |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Nobody: 6:13am On Feb 11, 2021 |
The same man way because of am them close borders, way render the country useless and it's currency, is the Same man this APC is bringing their fake news to commend and give preference In the name of IMF. GEJ left the Naira to the cfa at 1000 naira = 4000cfa, this clueless president came in the name of nonsense and fables to confuse everyone and gave a so called better Nigeria where 1000 naira = 1000 cfa, closed borders for nearly 2 years, nothing like export and import and gave only him a chance to run export business, and yet Nigeria became the poverty capital I'm yet to see what his refinery will do for Nigeria. I laugh, country way Don die finish. 2023 far, if Una like Una sef ,look for better country and leave. 12 Likes 3 Shares |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Benesis: 6:13am On Feb 11, 2021 |
Nemere2020: Omo, forget it, Dangote has really invested in Nigeria,this is really big 6 Likes |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Great100000: 6:14am On Feb 11, 2021 |
Ok |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Uniquisite: 6:15am On Feb 11, 2021 |
. 10 Likes 1 Share |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Nobody: 6:16am On Feb 11, 2021 |
Na over hype kill 2020 You guys should shut up |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Nobody: 6:16am On Feb 11, 2021 |
Nigerian youths are pushing Nigeria deeper into recession by storing money that should be circulating in the economy as virtual currencies somewhere in the internet instead of investing in the production process no matter how small. When I now become a billionaire in future after making the right moves in the manufacturing industry they'll now shout "monopoly". Manufacturers are still the richest people, anywhere in the world. To be regarded as a wealthy person, one must own the means of production . To help your economy, you must create wealth through production. Jeff Bezos (Amazon) , Elon Musk (Tesla) , Bill Gates, Mark Zuckerberg (Facebook) etc though regarded as tech billionaires still produce goods or services which gives worth to their stocks depending on how they perform in the market. 11 Likes |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Nobody: 6:17am On Feb 11, 2021 |
is dangote richer than Nigeria? why can't we build a refinery if that is all we need to prevent recession? 7 Likes |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by sureboykris(m): 6:17am On Feb 11, 2021 |
This refinery that we've been waiting for for donkey years. I hope we're not disappointed in the end. A whole country waiting on one man... SMH |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by cassidy1996(m): 6:18am On Feb 11, 2021 |
fools |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by Uniquisite: 6:18am On Feb 11, 2021 |
. |
Re: Dangote Refinery Can Bail Nigeria Out Of Economic Recession – IMF by cassidy1996(m): 6:19am On Feb 11, 2021 |
Uniquisite:thumbs up 1 Like |
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