If I'm the president of this country today, I will do to Dangote what Putin did to all those Russian oligarchs.. Deflate him, totally!!!
At this point, he's becoming a great danger to the Nigerian economy that a surgical operation to extricate him from the Nigerian business environment has become even more germain..
We can't build the economy of a country of 300 million people around the primitive ambitions of one man!

Fixey:



Rabiu knows what Dangote is doing and doesn't agree with him one single bit. Search and look for an interview he granted less than 2 weeks on Dangote and cement you'll see where he spelt out the economy verbatim.


Of there's anyone I respect it's BUA, that's why he's going to be a good leveraged against Dangote sole monopoly. He's coming on stream 2022 and he does business, business and doesn't go about sleeping in beds with politicians to control and weaken industries to have them so weakened that he displaces an entire industry

How do u know rabiu doesn’t sleep in bed with politicians? Leave that story. How did he make his money? Dangote has only been more consistent over many years. Also Nigeria is still import dependent.


In anycase the government doesn’t have to listen or agree with him unless it’s beneficial to Nigerians also.

Fixey:



Rabiu knows what Dangote is doing and doesn't agree with him one single bit. Search and look for an interview he granted less than 2 weeks on Dangote and cement you'll see where he spelt out the economy verbatim.


Of there's anyone I respect it's BUA, that's why he's going to be a good leveraged against Dangote sole monopoly. He's coming on stream 2022 and he does business, business and doesn't go about sleeping in beds with politicians to control and weaken industries to have them so weakened that he displaces an entire industry

This country just tire me... Everybody is just exploiting everything .

I respect that Bua man too

jaxxy:


How do u know rabiu doesn’t sleep in bed with politicians? Leave that story. How did he make his money? Dangote has only been more consistent over many years. Also Nigeria is still import dependent.


In anycase the government doesn’t have to listen or agree with him unless it’s beneficial to Nigerians also.

As if the government always do what is beneficial to Nigerians

SMBH:



This country just tire me... Everybody is just exploiting everything .

I respect that Bua man too

E tire me. Can't wait for disintegration

Fixey:



E tire me. Can't wait for disintegration

I'm afraid this country can split peacefully in the nearest future. Violence isn't an option too

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

He is refining and still talk about importing,this is because the govt will also like to import to make money...Nigeria is not a country.

Fixey:




Leave me na


I say I nor follow you relate again. Na by force?

As expected, when you make flawed assertions that you can not support with sane and rational facts, you start looking for excuses to dodge around and distract from your flawed reasoning.

It was flawed and shallow to attribute price increases to Dangote, there are tons of products by countless manufacturers and processes that Dangote is not in control of so is he also responsible for their market and pricing decisions?

Is the price of beer and so many products in the market the same as years ago?

Was Dangote also responsible for price skyrocketed increases that occurred even before Dangote was born?

Unfortunately for you, this is a public forum where ideas are floated and challenged and you don't get to dictate who quotes or doesn't quote you.

I can assure you, I won't hesitate to highlight the flaws in your flawed and not well-thought-out comments.

One of those benefitting from one Nigeria, soon he will be getting BIAFRA oil for almost free!

Fixey:



E tire me. Can't wait for disintegration

Should Nigeria also disintegrate because the same Dangote single-handedly brought back to life the dead ANAMMCO truck manufacturing plant in Enugu with N63 Billion investment and 3,600 truck order, creating jobs and putting food on people's table in Enugu and beyond?

When people go into business, is being the best, largest, and dominant player the primary and ultimate goal?

As a savvy businessman or even a pure water seller, is your aim and ultimate goal in life to sit around selling your pure water the same way others around you are doing or to progress by expanding your operations, buying equipment and space to expand, to make and distribute more pure water than all the pure water sellers on your street? Is this not a basic capitalism spirit and nature?

Do you people honestly think people go into business saying to themselves that they don't want to grow, make more money, dominate and be better than the rest of the market?

This kind of shallow thinking is why many people don't make it in life.

The sad effect of shallow thinking, hatred, and bitterness I guess.

teemy:


His suggestion would actually drive more people to be refinery owners and thus create more competition for him.

The only downside would be if the licensing of refineries is then restricted.

just like in cement and sugar. Weldone.

BOI stated that the facility can be accessed via letters of credit issued for the delivery of specified modular refineries and gas processing equipment to qualified Nigerian companies establishing petrochemical facilities under the Modular Refineries and Gas Flare Recovery Programme.

A modular refinery refers to a mini refinery which is easier and relatively more cost-effective to build in terms of capital and time than the traditional refinery. According to Cenam Energy Partners, modular refineries are usually available in units from 4,000 to 30,000 barrels per day (bpd), and having lower output capacity than the traditional refineries.

A modular refinery’s equipment are manufactured in controlled conditions, fully assembled and tested prior to overseas shipment, and installed at a client’s site in much less time than a traditional refinery.

Data obtained from the Department of Petroleum Resources (DPR) showed that 22 modular refineries were licensed in the first quarter of 2017 with about 1.429m barrels daily crude oil refining capacity. Another 10 licences were granted in the second quarter of last year bringing the figure to 32 licenced firms.

At $50,000 per license for modular refinery, a total sum of $1.6m has been generated from the licensing by DPR within the last three years.

A total of 38 operating licenses have already been granted by the Federal Government to establish modular refineries in the Niger Delta.

https://ndlink.org/fg-secures-n179-9bn-loan-china-modular-refineries/

1. There are 38 refinery licenses out there Dangote or no Dangote


2. There's a $500 million FG loan facility for the license holders to tap into to build and operate refineries.

3. If the idea is to give Dangote any form of monopoly in the refinery business, why is the same FG supporting new refineries and buying 30% ownership in the new refinery in Imo state?

4. If the idea is to give Dangote any form of monopoly in the refinery business, why is the same FG supporting new refineries and even giving you licenses, money, and waivers to build your own refinery?

Was any of this done by previous administration or any administration in the history of Nigeria? No.

This is why it's always sad and disheartening to read ignorant, bitter, hateful, and misguided comments by many Nigerian youths, they just can not educate themselves and reason beyond hatred, bitterness, and petty tribalism.

Tooh
How forceful. When interactions was ongoing a full was mud slinging. After attention was denied rants continued disguised as facts to seek my attention. Shioor. We don't do mud slinging. I won't give you the attention you seek nor try to even read a single line of your nonsense.

My peace I retain

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.

This guy is dangote your father if he isn't then go and sleep stop defending what is glaring watin happen all thread about dangote only you.

Fixey:
Tooh
How forceful. When interactions was ongoing a full was mud slinging. After attention was denied rants continued disguised as facts to seek my attention. Shioor. We don't do mud slinging. I won't give you the attention you seek nor try to even read a single line of your nonsense.

My peace I retain

You can dodge, shout and hide behind lame and irrelevant escape routes like mudslinging all you want, but highlighting and laying bare your flawed and backward reasoning is not mud-slinging.


1. You said Dangote is enjoying monopoly and I asked you to show us the list of the FG denied the same opportunities and advantage given to Dangote, till this very second, you can not produce that list or any =thing to support your lies and claims with.

1. I also exposed your flawed claim by showing facts that the FG is actually supporting and helping to build other refineries in Nigeria.

The new refinery in Imo state was partly owned and financed by the FG so where is the FG giving Dangote monopoly while at the same time the same FG is financing other refineries in the SE and SS.

2. The FG not only gave out 38 licenses, but they also have loan facilities and waivers for interested license holders to tap into to build and operate refineries.

If you don't want to be challenged and corrected, then stop lying or passing out misinformation, some of us are not shallow, we are not kids and you can not insult our intelligence with lies and misinformation.

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.

A lot of people either have inbuilt hatred and bitterness or they just don't know how to read and comprehend beyond title reading.

Hahahahahahahahaha. See obsession


Back to work here. Not time to entertain mudslingers. Not even a sec

Fixey:
Hahahahahahahahaha. See obsession


Back to work here. Not time to entertain mudslingers. Not even a sec

Yes, shout all your mudslinging excuses all you want as long as you know that your lies and misinformation won't go unchallenged with facts and sound reasoning.

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..

You are not brilliant. Your reasoning and judgement is shallow.

He is a businessman. What is Bezos and Walton family doing to in America? 1% controlling 99%. Who are the Political Party donors? Animals or Businessmen? And you call him dare devil

You are more of a devil than Dangote, cis you fail to appreciate his business exploits.

Their is room for competition if you can match it.

Continue.


You won't get my attention cry baby. Don't fix yourself up. Na my entire work hours I go dedicate to you. Smh vigorously, lazy yoots

CoronaVirusRelo:


You are not brilliant. Your reasoning and judgement is shallow.

He is a businessman. What is Bezos and Walton family doing to in America? 1% controlling 99%. Who are the Political Party donors? Animals or Businessmen? And you call him dare devil

You are more of a devil than Dangote, cis you fail to appreciate his business exploits.

Their is room for competition if you can match it.

Their shallow reasoning is the reason why a lot of people don't and won't succeed in life.

Fixey[s]:
Continue.


You won't get my attention cry baby. Don't fix yourself up. Na my entire work hours I go dedicate to you. Smh vigorously, lazy yoots

[/s]



Blah Blah Blah.

Cry all you want, just know that your lies and misinformation won't fly past me.

I'm here to correct and educate you.

Money to be made. Forex chart analytics time

A recent publication on the 22nd February 2018 by SweetCrude, Abuja, stated that the Federal Government of Nigeria has initiated talks with potential financiers to contribute finance to investors in modular refineries in the Niger Delta region.

Such financiers include Central Bank of Nigeria (CBN), International Finance Corporation (IFC), the Nigerian Sovereign Investment Authority (NSIA), the Bank of Industry, Infrastructure Bank, Niger Delta Development Commission (NDDC), State Governments, etc.

The aims of government support are to address concerns of increasing demand for premium motor spirit (PMS) and diesel, and to abate large-scale importation of fuels.

In addition to easing financing issues, government is prepared to guarantee regular crude oil supply to investors and to provide other incentives such as custom duty waivers, tax reliefs, etc.

These are welcome developments, even though these initiatives could have been implemented some decades ago. Still, “it is better late than never”. In my previous article, titled “Five Minimum Conditionalities for Development of Greenfield Refineries in Nigeria”, I detailed the five issues that need to be resolved in order boost the construction of in-country private refineries.


Discounted prices for crude oil
Project support by State Governments
100% guaranteed crude oil feedstock
Guaranteed product off-take and evacuation
Guarantees of foreign and domestic loans.

https://www.energymixreport.com/government-support-modular-refineries-financing-niger-delta-region/

Look at all the awoof the FG is offering to refinery investors.

Fiancing
Waivers
Cheap oil
Tax relief

And some people still want us to believe that Dangote is enjoying FG monopoly.

Last time I checked, Dangote is not getting free or cheap oil from the FG.

plaindealer:




Their shallow reasoning is the reason why a lot of people don't and won't succeed in life.

Exactly!

COMPAQ:


Dangote had gone where the margins are highest. Why compete in a saturated market. Are we thinking at all. Do we not do our own personal business? Do you invest more in your product thats not moving? Why do you expect one set of principles for yourself and a different set for Dangote.

where exactly has he gone He obtain dollars at 100 naira to 1 dollar rate, he has access to loans with zero interest , he don't pay taxes, he can import anything without paying custom duty.. without government patronage, Paddy Paddy business with the useless government who are more interested in having only 1 billionaires than making many billionaires plus monopoly he enjoys from all spheres of his life can he see billions count Give another person such opportunity and watch him dwarfs ur dangote

AFONJACOW:
where exactly has he gone He obtain dollars at 100 naira to 1 dollar rate, he has access to loans with zero interest , he don't pay taxes, he can import anything without paying custom duty.. without government patronage, Paddy Paddy business with the useless government who are more interested in having only 1 billionaires than making many billionaires plus monopoly he enjoys from all spheres of his life can he see billions count Give another person such opportunity and watch him dwarfs ur dangote

A recent publication on the 22nd February 2018 by SweetCrude, Abuja, stated that the Federal Government of Nigeria has initiated talks with potential financiers to contribute finance to investors in modular refineries in the Niger Delta region.

Such financiers include Central Bank of Nigeria (CBN), International Finance Corporation (IFC), the Nigerian Sovereign Investment Authority (NSIA), the Bank of Industry, Infrastructure Bank, Niger Delta Development Commission (NDDC), State Governments, etc.

The aims of government support are to address concerns of increasing demand for premium motor spirit (PMS) and diesel, and to abate large-scale importation of fuels.

In addition to easing financing issues, government is prepared to guarantee regular crude oil supply to investors and to provide other incentives such as custom duty waivers, tax reliefs, etc.

These are welcome developments, even though these initiatives could have been implemented some decades ago. Still, “it is better late than never”. In my previous article, titled “Five Minimum Conditionalities for Development of Greenfield Refineries in Nigeria”, I detailed the five issues that need to be resolved in order boost the construction of in-country private refineries.


Discounted prices for crude oil
Project support by State Governments
100% guaranteed crude oil feedstock
Guaranteed product off-take and evacuation
Guarantees of foreign and domestic loans.

https://www.energymixreport.com/government-support-modular-refineries-financing-niger-delta-region/

Fiancing
Waivers
Cheap oil
Tax relief

Another lies and propaganda peddler, the same privileges you listed from financing to loans, access to cheap oil, tax relief, and waivers are available to interested Nigerians, they are even begging you to come forward and build your own refinery, they will even give you local or international loan guarantees.

The FG invested 30% shares in the new refinery in Imo state, they even topped it with access to oil fields for cheap oil to refine.

Info and education are available free on the internet, but you people just love to lie, confuse yourselves and make up your own stories all because of hate and bitterness.

Very sad.

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

look at how this one managed to bring tribe into this simple and comonsense economic matter.
This your argument is so nonsensical that calling it nonsense is actually a compliment.

almost everyone who commented was simply pointing out the potential monopoly being created by Dangote yet the only thing you chose to see was his tribe, haba.

so if you cannot compete with Dangote then you cannot see or comment on what is right or wrong?

about your employment creation nonsense, does it mean that if there is no monopoly and crony capitalism then no employment will be created?

i expected a sound economic argument from you in defense of the proposal not you going into the gutter like some of the street urchins whose only solution to all problems is to split Nigeria along tribal and religioud lines- which may be good but can never be the only solution to every problem.

Toosure70:
Remember all is vanity, God will judge everybody accordingly.

Doesn't make sense. Expired rhetorics.

teemy:


His suggestion would actually drive more people to be refinery owners and thus create more competition for him.

The only downside would be if the licensing of refineries is then restricted.

Do you actually reason? Who will give you the license to operate refinery? When do you think that will happen ? Before others will get the license can you imagine the hardship and who has cashed out from our suffering?

If we want to have a country, let Dangote suffer the fate of every business man in Nigeria so as to know if he is successful

Why are we stopping only in Oil?

Why not expand it to other sectors of the economy? e.g. only rice farmers should be granted the license to import rice....only vehicle manufacturers should be given the license to import vehicles....Nonsense!