Rugaria:


@ the bolded,
Are you not contradicting yourself?

I am pointing out that your argument the arrangement would only benefit Dangote is flawed.

Plus the aim is, we produce refined fuel completely at home, relying on imported refined fuel at rare times.

Godarz:


If you actually read the article, the importation would happen when the refinery is undergoing TAM or when demand exceeds supply.

Of course, we can have far more refineries if Government allows marketers set the price of petrol.

Don't mind them. They refuse to read simple article. If Dangore refinery wipes out importation today, but demand grows 50% in 5years, will it still be able to meet up? This is simply a solution that is looking at 5 to 10 years down the line, yet people are already wailing. However if other business men also build refineries, its will be an eventuality that will never occur.

Besides by 2040, there is a good chance almost all cars produced globally will be using electricity.

That was how he told obj that his competitors then was importing cement ,that the country should patronize local content resulting to banning importation of cement and gave him monopoly on a platter of Gold,

Saying dangoite is the richest in Africa, it is laughable because Yoruba and fulani government made him rich and he can never be a role model to me,

Coming to oil and gas, he want to have the country to himself, but it will shock him this time, that crude oil federal government promise to give him in naira will come from the north and definitely not the one from Niger delta.

Corporate Oloshi them

Rugaria:


It's very obvious, but when you complain about this man's uncanny brand of vicious monopoly/capitalism, folks make it look like you are just hating..
From flour, to grains and cement, he has managed to sponsor presidents who helped him push off his competitors. He will then monopolize the sector, fix prices as he feels and disappear into one of his mansions while ordinary people suffer.. Cement prices in Nigeria are higher than that of other countries where Dangote has cement plants! Yet he has licences for limestone here in Nigeria! The man is a daredevil capitalist who believes strongly in manipulatig the system to squeeze the last breadth out of the poor masses.. To think that he is even being used as the top example of successful entrepreneurs, that the young in this country should look up to is simply mind boggling..

Well said about the economic thief alpha and omega.

Clueless, lazy, and shortsighted businessman crossing the boundaries of politics and commerce.

Foolish people

Fixey:



Untrue. If during periods of fluctuations is what thief Dangote is worried about, he shouldn't be fighting for restricting licenses of participating operators many that have been there decades before he came into business

There are 25 active licences for fuel refining in Nigeria, three of which are at completion state, two others are at constructon stage.

Dangote is restricting no one.

The problem is government fixing the price of PMS makes PMS refining in Nigeria a hard business. Which is why most private investors are staying away for now. Even Danogte stands to lose if government keeps up the subsidy they are clearly paying despite the lying about not paying it.

See. Even the group head/CEO OF BUA petitioned the government against the monopolistic business stance Dangote cement is giving by the government and called for a halt. Example of an effect of his greed. A major equipment in Dangote's cement supply chain got damaged, cement price hiked from 2800 to 4000 Naira. In an open economy, Dangote will make the time to fix his machinery while other produces continue with production

So, did Dangote stop BUA improving production? BUA that has 4 factories across Nigeria, compared to Dangote's 3?

Operators with Monopoly can end up causing war unlike free access economy because they would be vying to hold on to interests over social interests and would sponsor societal conflicts and wars. Example the last 2 presidential elections

There is no monopoly in cememt...BUA and Lafarge last i checked were not out of business. Plus, there would be more refienreis if Nigerians stop protesting any moves to deregulate the downstream sector. (AND IF we dont deregulate, Dangote's refinery is going to crash in ten years because it won't be profitable then)

The end result of excessively strong monopoly in businesses would ultimately lead to ownership and control of the people. We have plenty of such cases on the global stage, from the control of vaccines to who is free and who is not, to controlling people's lives and destinies is always the end product and not about business.


Business is about fairness and if Dangote is up for business, he should pursue fairness and open market and let Nigeria be.

1.There is no monopoly in cement production in Nigeria.

2.Dereguation of the downstream sector will stimulate more licencees to start work on their refineries. Dangote won't be there to frustrate them

Monopoly strategy again

Fixey:



It's so annoying. And that people don't see the potential danger one few hands managing the economy of multi millions is what's even more worrisome. They will call it hate

Why can't we have free commodities and products markets for goodness sakes

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Same way the social media is being controlled by few persons. Just like how they messed up Donald Trump by shutting him down. If they give him free hand he will be more powerful than Nigeria as a whole.

Rugaria:
Loading: The Federal Republic of Dangote

Dangoteria..

Godarz:


There are 25 active licences for fuel refining in Nigeria, three of which are at completion state, two others are at constructon stage.

Dangote is restricting no one.

The problem is government fixing the price of PMS makes PMS refining in Nigeria a hard business. Which is why most private investors are staying away for now. Even Danogte stands to lose if government keeps up the subsidy they are clearly paying despite the lying about not paying it.



So, did Dangote stop BUA improving production? BUA that has 4 factories across Nigeria, compared to Dangote's 3?



There is no monopoly in cememt...BUA and Lafarge last i checked were not out of business. Plus, there would be more refienreis if Nigerians stop protesting any moves to deregulate the downstream sector. (AND IF we dont deregulate, Dangote's refinery is going to crash in ten years because it won't be profitable then)



1.There is no monopoly in cement production in Nigeria.

2.Dereguation of the downstream sector will stimulate more licencees to start work on their refineries. Dangote won't be there to frustrate them

Smiles. Then why is the market semi-closed in cement and why does he want same in crude oil and why did the BUA chief himself advocate a more open economy. You know more than him?

COMPAQ:


Don't mind them. They refuse to read simple article. If Dangore refinery wipes out importation today, but demand grows 50% in 5years, will it still be able to meet up? This is simply a solution that is looking at 5 to 10 years down the line, yet people are already wailing. However if other business men also build refineries, its will be an eventuality that will never occur.

Besides by 2040, there is a good chance almost all cars produced globally will be using electricity.

I think the problem is Nigerians really want cheap fuel .

Arguing that it costs the economy long term means nothing to them...cheap fuel, even if it bankrupts the economy

Godarz:


I think the problem is Nigerians really want cheap fuel .

Arguing that it costs the economy long term means nothing to them...cheap fuel, even if it bankrupts the economy

Why can't your Dangote produce his own crude and let other sources that have been in operations for over 50 years continue their own activities?

This one want make price dey up like cement

Let the import be there so that if he tries to monopolize the price, people will find cheaper alternatives.

Let the market forces determine the prices. Not getting all the monopoly and setting very high prices.

If every thing is local and the FG is also supplying you oil at local prices, then you should not be worrying about importation as your cost is way lower than theirs and your price ( without any ulterior motives and external factors) will be lower than theirs, making you take all the market share.

But this one you are already thinking far, that means your intentions are not pure.

And as usual, government will do it and ask for more.
Dangote, the government bank where they invest their stolen money and make policies that will help their money in his custody grow fast.

9japride:
[color=#006600][/color]

Same way the social media is being controlled by few persons. Just like how they messed up Donald Trump by shutting him down. If they give him free hand he will be more powerful than Nigeria as a whole.

That's exactly the point.

Fixey:





Smiles. Then why is the market semi-closed in cement and why does he want same in crude oil and why did the BUA chief himself advocate a more open economy. You know more than him?

Have BUA and Lafarge stopped manufacturing? If you like...don't buy dangote, buy BUA cement or Lafarge....I don't subscribe to Danogte, or work for him self.

Plus, BUA's refinery in Imo would be refining everything..except petrol. Reason being petrol is subsided, while every other thing is not. Think about that

This man had pocketed Nigeria and her economy.

Godarz:


Have BUA and Lafarge stopped manufacturing? If you like...don't buy dangote, buy BUA cement or Lafarge....I don't subscribe to Danogte, or work for him self.

Plus, BUA's refinery in Imo would be refining everything..except petrol. Reason being petrol is subsided, while every other thing is not. Think about that

You're spinning the narratives to pursue your own facts


Justify how cement jumped from 2800 to 4000 Naira because of Dangote engine problems and why price stayed up that way


Go and learn what over dependence means in economics. It's all shades of wrong. You're pursuing an agenda cause of clannishness



Why Is Dangote afraid of competition and open market access. Tell me?

Fixey:



Why can't your Dangote produce his own crude and let other sources that have been in operations for over 50 years continue their own activities?

Apart form Dangote there are 24 active licenses for refining crude oil that have been issued in Nigeria ...see them here

Plus the reason why there are no more than that number is because it isn't profitable to refine fuel in Nigeria because we really haven't deregulated the downstream oil sector.

Fixey:





You're spinning the narratives to pursue your own facts


Justify how cement jumped from 2800 to 4000 Naira because of Dangote engine problems and why price stayed up that way


Go and learn what over dependence means in economics. It's all shades of wrong. You're pursuing an agenda cause of clannishness



Why Is Dangote afraid of competition and open market access. Tell me?

Go and buy BUA or my fave company LAFARGE cement.

Good afternoon

Godarz:


Apart form Dangote there are 24 active licenses for refining crude oil that have been issued in Nigeria ...see them here

Plus the reason why there are no more than that number is because it isn't profitable to refine fuel in Nigeria because we really haven't deregulated the downstream oil sector.

Dude I've heard that so many times. Nigeria granted over 20 refineries license since 2001/2005 windows that isn't new.


Question is why does Dangote want all markets restricted and closed. Why?

Godarz:


Go and buy BUA or my fave company LAFARGE cement.

Good afternoon

Indeed. You must be Dangote son. Why are your emotions stirred up. Before playing the ostrich address why Dangote hates open market and competition and what's his business with fuel. Importation. If you were one of those whose legitimate businesses would be closed up that has taken some 40 years to build you'd interact more rationally.

Fixey:




Dude I've heard that so many times. Nigeria granted over 20 refineries license since 2001/2005 windows that isn't new.


Question is why does Dangote want all markets restricted and closed. Why?

Sorry you are asking the wrong question

Plus, where is it that Dangote wants to restrict the market? Did he stop BUA from opening his refinery in Imo

Answer that.

You don't want to pay N200 for fuel , that's why you are giving me this convoluted argument about Dangote being this monopolist.

Subsidies don't work.

Good afternoon

GamalNasser:
I thought he was building a refinery to stop importation of fuel so why does he still have his eyes on importation.... These are not business men but criminal racketeers forcing the hand of the market to their advantage

my brother... exactly my thoughts too.
Dangote is a criminal walahi.....if he still has eyes on importation and is also seeking to monopolise it.
I am tired of these northerners

Fixey:



Indeed. You must be Dangote son. .

I can't discuss with guys who go emotional and start telling lies about me.

Good afternoon. Don't quote me again

Haaaaa! That will amount to one man band nau...greed is a bad word o.

Godarz:


I can't discuss with guys who go emotional and start telling lies about me.

Good afternoon. Don't quote me again

As usual
Guilt tripping. When next you can discuss without mixing emotions mention me. If you can't discuss objectively, stop rushing to talk on subjects beyond your intellectual level

Good day

Godarz:


Sorry you are asking the wrong question

Plus, where is it that Dangote wants to restrict the market? Did he stop BUA from opening his refinery in Imo

Answer that.

You don't want to pay N200 for fuel , that's why you are giving me this convoluted argument about Dangote being this monopolist.

Subsidies don't work.

Good afternoon

He should focus on his refinery and leave the oil. Industry alone


Have sense plz

Godarz:


Sorry you are asking the wrong question

Plus, where is it that Dangote wants to restrict the market? Did he stop BUA from opening his refinery in Imo

Answer that.

You don't want to pay N200 for fuel , that's why you are giving me this convoluted argument about Dangote being this monopolist.

Subsidies don't work.

Good afternoon

I agree with u that subsidies don't work.

But open markets will work just fine.
Why is it so difficult to get a refinery licence in Nigeria? It is because the likes of dangote wants to restrict entry into the market so that they can keep making huge profits from near monopoly.

thebosstrevor1:
Most of you complaining, nothing stops you from participating in the economy. If it was an igbo or yoruba man who gave the suggestion, all the thread will be filled with how igbos and yorubas are good entrepreneurs.

Anyway, Rather than shouting crony capitalism and monopoly, dust your trousers, sell your properties, then use the money to start a business then grow it, then maybe you will be like dangote one day.

Atleast his crony capitalism is helping to reduce unemployment in Nigeria

an Igbo or yoruba will not give the suggestion in the first place

obstead200:
I agree with u that subsidies don't work.

But open markets will work just fine.
Why is it so difficult to get a refinery licence in Nigeria? It is because the likes of dangote wants to restrict entry into the market so that they can keep making huge profits from near monopoly.

It isn't...which is why there are 24 other people with licenses to refine crude in Nigeria.

Five of them, Dangote included, are actively working on actualizing the refineries, according to stats from the DPR.