₦airaland Forum

Ddeliverer007:
I thought the refinery will make fuel 200naira?

Fools.

It is just propaganda from that frustrated people. Dangote never said so and it is not possible. Those frustrated people are setting people against Tinubu because of hatred.

In all their weekly Association meeting, Autonomous Communities / Village meetings and Villages /Town meetings they said Dangote be wan sell petrol for 300 naira but Tinubu no gree. Tinubu na wicked yeye man. They mainly listen to WAZOBIA radio station. Propaganda.

joseph1832:
Can you kindly tell us how man trucks Dangote has, and how many he has safely converted to CNG? Also tell us how many trucks have been converted to CNG, since you're in the know.

Kindly tell us, those trucks that convey tomatoes, pepper, cows, goats, potatoes and the likes from the north, how many have been converted to CNG?

I'm waiting for your reply, my good sir.

When you argue with a fool you become a fool.

joseph1832:
Read what exactly?

Celebrating the use of CNG when it hasn't even gotten to everywhere in Nigeria, when in fact, there are many rural areas that don't have filling station, talkless of having CNG conversion centres?

98% of Social Media Fools are not enlightened but frustrated fools. If CNG can substitute about 1 million litres of Desiel and PMS weekly presently, then it is a great success. It conserves Crude oil for other purposes . It reduces pressure on foreign exchange reserves. It preserves the environment.

Why is Dangote Cement new trucks now using CNG instead of Diesel?

NIPCO built a CNG station at IBAFO in Ogun State opposite Mountain Of Fire Prayer City since 2014.

Since July this year till Tuesday this week about 100 DANGOTE CNG TRUCKS have been filled. People are asking me why Dangote Cement is converting to CNG when they have Refinery. I told them I am going to write the reason on nairaland when time comes.

Apart from Dangote, a lot of companies with fleet of trucks are converting to CNG and the fleet of CNG trucks are loading from this CNG station opposite Prayer City beside Rain Oil at IBAFO.

What Tinubu government has done it is only right thinking Nigerians that can appreciate it. The change is very painful but also gainful at the end.

In 2014 up till 2015 when that CNG station was built, I had thought it was a wasted huge investment. Up till 2022, people still don't understand the importance of the Gas Station. Now, everybody knows the reason why the Gas Station was built when they saw Dangote Trucks on queue for CNG .

Lithiumite:
Your claims are quite preposterous....NNPCL has a board that has been in place long before now and it's public knowledge who the members are.....ovh was bought over by NNPCL and not the other way round.....ovh now ceases to exist because NNPCL has swallowed them up....I don't understand your inference that public assets are being transferred to private hands.....pls kindly get your facts right.

You are wasting your time with that boy. I just came here and saw the Junk he posted. This is one of the reasons you don't visit nairaland and other social media dominated by confused and depressed boys except when invited.

What he quoted from Premium Times is self confusing and truth revealing.

Salewa97:
The analysts should also analyze what the price of petrol was when the news of Dangote refinery completion was announced.

Why is Dangote Cement new trucks now using CNG instead of Diesel?

NIPCO built a CNG station at IBAFO in Ogun State opposite Mountain Of Fire Prayer City since 2014.

Since July this year till Tuesday this week about 100 DANGOTE CNG TRUCKS have been filled. People are asking me why Dangote Cement is converting to CNG when they have Refinery. I told them I am going to write the reason on nairaland when time comes.

Apart from Dangote, a lot of companies with fleet of trucks are converting to CNG and the fleet of CNG trucks are loading from this CNG station opposite Prayer City beside Rain Oil at IBAFO.

What Tinubu government has done it is only right thinking Nigerians that can appreciate it. The change is very painful but also gainful at the end.

In 2014 up till 2015 when that CNG station was built, I had thought it was a wasted huge investment. Up till 2022, people still don't understand the importance of the Gas Station. Now, everybody knows the reason why the Gas Station was built when they saw Dangote Trucks on queue for CNG .

Salewa97:
The analysts should also analyze what the price of petrol was when the news of Dangote refinery completion was announced.

Most of you are social media youths or Social Media Fools. If Government increased Price from 580 to 920 or 850 is that not a good reason for Dangote to take advantage and announce his cheaper price?

He wants to collect subsidy. He wants NNPC to buy from him at imported fuel price and sell to Nigerians through marketers at subsidized Price. No way.

MikkieEl:
No be this same CNG dey Edo state since?

Yes. I think NIPCO has its Headquarters at Benin. Also, the Headquarters of Nigeria Gas Company a subsidiary of NNPC is at Benin.

NIPCO built a CNG station at IBAFO in Ogun State opposite Mountain Of Fire Prayer City since 2014.

Since July this year till Tuesday this week about 100 DANGOTE CNG TRUCKS have been filled. People are asking me why Dangote Cement is converting to CNG when they have Refinery. I told them I am going to write the reason on nairaland when time comes.

Apart from Dangote, a lot of companies with fleet of trucks are converting to CNG and the fleet of CNG trucks are loading from this CNG station opposite Prayer City beside Rain Oil at IBAFO.

What Tinubu government has done it is only right thinking Nigerians that can appreciate it. The change is very painful but also gainful at the end.

In 2014 up till 2015 when that CNG station was built, I had thought it was a wasted huge investment. Up till 2022, people still don't understand the importance of the Gas Station. Now, everybody knows the reason why the Gas Station was built when they saw Dangote Trucks on queue for CNG .

vanbonattel:
Many people haven't died yet from the hardships. He will return when corpses fill under bridge and the lagoon has thousands of people floating on it after their suicide due to hunger.

Allow him flex first.

It can never happen. China was a developing nation few decades ago and not too long. Malaysia and Singapore were also not strong nations economically few decades ago. China passed through Fire before it becomes a great nation. Religion and Social information regulations and censorship which violation carried death sentence in China during that period never allowed people to know what happened. We only saw the results but not the sacrifice.

In the WILDERNESS, while the Red Sea was at the front and Pharaoh Chariots were at the back, the Israelites in the middle cried to Moses asking him is it because there are no graves in Egypt that he brought them to die in the Wilderness? They said they preferred Slavery in Egypt to the imaginary freedom.

Those who complained never entered the promised land.

Tinubu is a man of Courage. With a budget of 96% committed to servicing debt on assumption of power, it takes ingenuity and Grace of God to get to where we are today. Once Nigerians accept total deregulation of the petroleum sector as our fate, things will start to happen.

TheAlchemist:
So Dangote built such a gigantic refinery without any plan B of how to sell his petrol. I guess he got blinded by his plan to chop fuel subsidy. Interesting times ahead.

You got the key point but missed a vital point. You see, when I had an account on nairaland (babaolofin) I was the most fanatical fan of Dangote group. I fought with people because of Dangote group. I fought very hard during Obasanjo, Jonathan and Buhari. The battle during Jonathan was very tough, that was the IBETO imported and repackaged cement in Portharcourt which Jonathan allowed. We fought the Sugar battle and the Okpella limestone deposit case with BUA. We have fought for Dangote Refinery for many years when people said it is a scam. We thank God today, those who called it a scam for many years are the people defend it now because of Tinubu.

On this Dangote Refinery , nobody supported Dangote Refinery more than Mele Kyari the NNPC GMD. The next chief supporter is Emefiele. If Emefiele were allowed to air his view, he would have more to say . Few months ago, on nairaland I said I became confused because I don't know what is happening again. What we thought at the beginning of the Refinery is different from what is playing itself out .

The key point you got is that Dangote wanted the Subsidy but in another form. Kyari will never allow that. If Emefiele were to be the CBN Governor, he will never allow it. They both laboured and contributed to assist the Refinery. As I said few days ago before NNPC statement, Independent marketers should be allowed to buy directly from Dangote. Dangote should tell us his price.

The Vital point you missed is that Dangote doesn't have plan B of where to sell his PMS if NNPC failed to buy from him. From onset, Dangote Refinery made us to know the Refinery is designed to serve the entire West and Central Africa and beyond. They can also buy crude oil from anywhere. The secret is that Government money is easy and sweet and require less stress. The target on billions of dollars expenditure by the government on fuel importation is the reason why he went into the Refinery and not that he wants to sell to other countries. He wants to recoup his investment before other local Refineries come online . Selling to other countries and Independent marketers exposed him to competition. He can lose out in the competition because he is dealing with big players and oil mafia. He wants NNPC to buy from him at his price and sells to marketers at subsidized price as it is done for imported fuel . I don't subscribe to that. Let Dangote Refinery and other importers sell directly to Nigerians. The best option should be taken by Nigerians.

SmartPolician:
The VP of a country is inside a flood in a flooded community and you still call him unserious. You people reaffirm what these APC folks always say - there's nothing anyone can do to please you.

They are very sadistic and animalistic. Some animals are more intelligent and very reasonable than them. Bitterness, vendetta and depression have totally beclouded their sense of reasoning.

I sympathize with the VP, the Governor and the entire people of Bornu on this natural disaster.

I have many questions to ask but I will reserve my comments.

My observation is that in 1994 when Alau Dam collapsed for the first time Abacha was in power. Though Abacha lived his life in Kano just like his kinsman Bashir Tofa, ABACHA is a Kanuri man, therefore, Maiduguri is his ancestral home. Today, Shettima is the number two man in power and a former governor of Bornu State. 30 years after 1994, Alau Dam collapsed again. ABACHA and Shettima are the two Kanuri to have occupied seat of power at Presidency within the space of 30 years

Salewa97:
The message is clear.

NNPCL should allow Dangote to operate freely and also revert to the old price of petrol.

The new price is too high considering the current global crude oil price

Prof Ishaq is a Professor of Islamic Studies defending Muslim. He knows nothing or little about economy and about what is happening.

Dangote Refinery should tell us how much it is selling PMS per litre to Nigerians. As an educated person I expect Prof Ishaq to use his connections to know what is happening.

Dangote Refinery told Nigerians the price of its Diesel per litre. He should do the same for PMS.

For example if Dangote Refinery is selling PMS to Nigerians at 850 or 900 or 1000 Naira per litre or 800 Naira per litre, Nigerians should know. If Nigerians cannot afford it, then the National Assembly, State Governors, Labour Unions and CSO will decide how much subsidy the Federal Government want to spend by buying PMS from Dangote Refinery. They should also debate on where to get the money to pay subsidy while servicing debts and meeting other critical infrastructural needs.

It is not good to blackmail the government without understanding the foundation of the problem.

NNPC didn't stop Dangote from selling to Marketers but at what Price?

jbrennaniii91:
If the quality is as good as they say, this could be a game changer for the local market.

FEC should not pay Dangote Refinery any subsidy. NNPC should not buy PMS from Dangote and sell to marketers at subsidized price.

FEC should allow marketers to buy from Dangote at Dangote price as it is done for Diesel and sell to Nigerians at prices profitable to them.

Cabals have milked Nigeria dry .

Realdeals:
Somehow flawed analysis
At what percentage FX loss will selling crude oil in Naira to Dangote refinery cost Nigeria, compared to importing refined fuel in USD? I'm sure it is minimal.

Besides, there are other crude oil products that are being imported that will now be supplied by DR. Also, most of Dangote refinery export earnings which will be in USD will be domiciled in Nigeria, making it available in the FX market.

Your analysis is also wrong. I am aware Dangote is doing a lot of propaganda through the new Public Relations Manager. 5 or more people can be in the same location with different accounts defending the same cause.

I wish him well and I hope the Prophecy delivered by Prophet Hezekiah at Erio Mountain will not come to pass.

Pepperdemisback:
See how our "Ajala travels" come stand for front like say na him be the widower or family head.

This is a very bad comment. Very bad comment. We should try to appreciate good deeds. Some of us had much deep feeling for Onyeka Onwenu and would have also been in that position if it is possible. Despite everything, the simplicity of Peter OBI should be appreciated. His presence meant a lot to the family.

There are people who could have been there but because of our culture due to being older than Onyeka Onwenu cannot be there.

wellmax:
Even in the condemnation they are still chest beating.

The Igbos can never change.

Which condemnation? The Ohaneze itself that made acidic and derogatory remarks against Tinubu winning of APC primary election. Atiku won PDP primary election earlier without any statement of condemnation.

https://www.kemifilani.ng/national/ohanaeze-ndigbo-reacts-to-tinubus-emergence-as-apc-presidential-candidate-describes-him-as-a-national-catastrophe-and-calamity

Maxi Ochereome Nnana in 2021 as Chairman of Vanguard Editorial board called Yorubas Sophisticated Morons.

They hate Yorubas so much with very cruel hatred. If you pick them in your vehicle while already listening to Yoruba program on Radio, immediately they want you to off the radio or switch to WAZOBIA. If you fail to do that they will put on music or switch to WAZOBIA radio on their phone and loud the volume while in your vehicle. In their vehicle, nobody can try that.

They have taken over social media with their psychological warfare against the Yorubas. They are all over the world looking for bad information both genuine and false to post on Social Media platform against the Yorubas.

Believeintruth:
I dare you to list from Obasanjo to GEJ let usbstart from there. You people are so self centered. Something that you will not tolerate from others is what you guys are doing and you support it instead of condemning it.

You are a very deluded IBO man. Very uninformed. Obasanjo wrote open letters to Jonathan about nepotism under his watch. Obj listed key areas. It was on record that Chief Edwin Clark replied Obasanjo thrice through print media where he (Chief Edwin Clark) elaborately itemized all the appointments and omitted key sectors, despite that, the lopsided appointment was clearly visible.

Under Jonathan, Chief Edwin Clark fought battle with Obasanjo turning Newspapers to battleground. As a Statesman, Obasanjo doesn't make comments on nepotism it was only under Jonathan he made references to it in one of his open letters. That was the period they looted the high revenue from oil and looting the money he saved in Foreign reserve when he was leaving.

Apart from Adesina (Min of Agric), Oke (DG NIA) , mention one key appointment in a strategic sector. Demuren was removed from NCAA, Onagoruwa was removed from BPE. Is it Minister of State that is first class appointment? Under Obj, Ojo Madueke, Kema Chikwe, Okonjo Iweala, etc are there. In the Presidency, Andy Uba was there . These are powerful people. Under Jonathan, all key sectors were dominated by your people. Sanusi that Yaradua brought have a tough time until he was removed.

Which analysis do you need? You are very uncivilized. Very self-centered tribe. You have the SGF and the Chief of Army Staff, Ita Ekpenyong was DG SSS. You have Finance, Petroleum and all sensitive key MDAs.

PDP National Chairmanship was zoned to South West, under Jonathan Presidency, South West was maneuvered and frustrated out. They said South West doesn't matter. Even when Awolowo was alive, NPN zoned Chairmanship to South West.
Mention one key project executed by Jonathan in South West. Mention one minor project executed by Jonathan in South West.

ngwaIgbo223:
May he remain there... Amen.

Where is that joker called believeintruth who is under hallucinations to believe ignorance, falsehood and propaganda is truth. I believe he is your co-traveller.

As Reno Omokri said, you like to throw punches but cannot accept punches. Why would people that insult other people cry harder when they are attacked in retaliation. Why should people be monitoring bots on nairaland and other social media? Don't they have jobs? What stops them from using bots or just posting to pass across an information and logout.

Thanks for your wishes for the President of the Federal Republic of Nigeria. South African will never wish their President that. I thank SA people for the cartoon of the shapes of Nigerian heads. That shapes depict bitterness, vendetta, envy and depression.

Good bye. Till October 1.

deji17:
This guy is being sponsored by external forces to destabilise Nigeria

The guy is a small boy. When he was the SUG president in UNILAG he was not articulate.

The problem on ground is that Tinubu is not ready to fight dirty for now. I posted it in 2022 on nairaland when I was given babaolofin account to use when somebody told me at a Christian Camp that if Tinubu becomes President they will invite the Military to take over. By then, Tinubu had not indicated interest to contest. I posted it on nairaland. He is a Delta IBO. I asked him who will invite the Military? The man ran away since last year from coming to the camp.

There are many internal forces. External forces work based on information provided to them. This time around, the information is propaganda.

Just like during Awolowo era when they used Akintola, also, during Obasanjo they used SB Awoniyi but Obasanjo had military clique apart from political group. This time around, they are using Yoruba human rights lawyers and CSOs. During Jonathan, I don't want to mention names, all their Human rights lawyers supported Jonathan. The main target of their protest is Tinubu. Abuja has never witnessed serious protests. The major protest is always in Lagos.

Yoruba will never support any serious protests in South West. They are trying to blackmail the Yorubas and are camouflaging as Yorubas to protest. It has been resisted. What they want to do now is provocation and anything can happen from there.

YesDaddyTill203:
Yorubas in the Kogi and Kwara are still Yorubas regardless of the distance to other Yorubas.

Coming back to your posting above, if you are traveling by road to Abuja, if you passed through Ekiti you will see those towns, glorified villages apart from part of Lokoja. In Kwara, it is almost the same apart few places. There is a Retired General that was a governor, he was anti Obasanjo with the late Awoniyi. Dino is one of them. They have Identity problem. In my University days, they don't attend Odua Students Association meeting. They said they are Northerners.

We were told Awolowo fought against putting them in Northern part. Awolowo said they should not be separated from their South West people.

Coming to Ooni now means nothing . Ooni cannot do anything. The Native Accra people of Ghana also sent their ruler to Ooni to identify their roots to Ife. It is just a reminder for historical purposes. That is the way I see it.

YesDaddyTill203:
Yorubas in the Kogi and Kwara are still Yorubas regardless of the distance to other Yorubas.

There are problems on ground. Obasanjo met $5.5 billion in reserve in May 1999 with huge debts. He left estimated $60 billion in reserve and other investments. He paid debts otherwise the total money would have been around $72 billions or $75 billions. Yaradua Jonathan government came, sold oil up to $130 per barrel and output of around 2 million barrel per day. Jonathan government did not save ONE KOBO and borrowed heavily. They spent the money Obasanjo saved. No major project in South West apart from road coming from South South which passed Ore and stopped long way before Ijebu Ode. This time, Ijebu Ode (J3) to Lagos road was nightmare, very chaotic. You spent Shorter time from Portharcourt or Onitsha to Ore than Ijebu Ode (J3) to Lagos, in fact you can sleep on the road. Nobody asked the government why the Project did not start from Lagos or from Sagamu. Now, they are questioning the rationale behind Lagos Calabar highway starting from Lagos.

They looted estimated $100 billion and empowered their kinsmen businesses worldwide. They acquired properties in Lagos and Abuja. What saddened my heart is that South South people never benefitted from that government apart from few people. They handed over $25 billion to Buhari, the key economic team members travelled out of Nigeria before Jonathan handed over government.

Jonathan in a national network presidential broadcast before handing over said nobody should probe him except they start from Tafawa Balewa (1960).

They assumed Jonathan government looted and favoured IBOs, Buhari came and favoured Fulani / North, so Tinubu is coming to favor the Yorubas and they are apprehensive. They are fighting the Yorubas spiritually and with blackmail and propaganda. They hijacked social media to carry out their agenda and suspend, ban and frustrate Yorubas. Some Default Apps on some of their franchise phones are mainly for propaganda. Yet Yorubas don't know.

If great crisis should happen in South West, those Yoruba Lawyers claiming human rights lawyers would be the first victims.

Teenaira:
There is need to be vigilant so that "PROTESTERS" will not destroy this service. Eko o ni baje o.

It pains me so much that Yorubas don't know they are sitting on a keg of gunpowder. Those people hate Yorubas with cruel hatred. To worsen the danger Yorubas don't know. Only about 2% of Yorubas that have travelled wide and carried out deep intelligence observations and analysis know this.

During Jonathan era when they executed no major or minor project in Yoruba land and they looted estimated $100 billion, all their human rights lawyers were defending them without any exception. Now, our Lawyers, CSOs and few elites are supporting them. If there is a major crisis in South West they will be the first casualty. I saw them at Ibadan using Yoruba names to register for NIN. I have seen at Abuja with Nigerian International Passports with Yoruba names. They are doing this to penetrate and infiltrate Yorubas and blindfold very weak Yorubas. They will fail at the end. They control social media. They filter content, block and ban accounts of proactive, intelligent and combatant mind so as to have free passage of their propaganda and blackmail.

trutharena:
Just another attempt to stay relevant by dragging the big names down. Clout chasing at its finest!

Yes. You got it. Nigerians celebrate mediocrity and mediocre. That boy called David, very unintelligent. He is only informed, he has access to information but very unintelligent. His followers and praise-singers are also very dull and unintelligent. Majority of them are from a particular section of Nigeria.

I have worked in a major global International Organization that happened to be a major donor international organization. I managed Non State Actors. For the bad job this boy called David said he was asked to do, no American Secret Service Funded Agency or NGO will pay you $500 or $600. What is Five Hundred or Six Hundred Dollar? =N=800, 000 is less than $1,000, this is between Five hundred or Six Hundred Dollar. Those who worked with USAID International Agencies or USAID funded NGOs in Nigeria know that no American Secret Service Funded Agency will pay less than $2,000 or $5,000 for the dirty job they want him to do.

He is lying.

Nodogragra4me:
Ibos are not the ones defending Dangote..I don't know where you got the statistics from to prove your claim .


As for cement z Dangote used government to stop Ibeto from operating his cement plant ...Nkalagu cement in Ebonyi state ...Ibeto bought of the entire South East government shares and 5he federal government during privatisation the but the next thint was the same federal government armtwisted the opening of the plant .


Obi later issued licenses for but importation..Ibeto built his floating barge in Port Harcourt, imported bulk cement for rebating, Dangote uses Obasanjo to alo scuttle that one .. his shipment was not allowed to berth until it was damaged ...the man suffered stroke just like the owner of St. Louis sugar



When Yaradua came on boardz he was briefed about the incident and the claims of the man , he went ahead to approved the compensation to Ibeto since the court agreed that he pursued a government authorised business...guess what ...the same Dangote went to court to stop the federal government from compensating Ibeto .... Today ,Ibeto cannot run his Nkalagu cement because of interference and the plant that ought to be producing and generating jobs lies idle


Dangote sought to run his Kano brother , BUA , aground because of sugar ...

He has entered the oil business and hopes others would clear out for him ....this is not some 5 or 6 person's dominated business....



By the way , he is still fighting BUA in cement even as his sugar fight seemed to have waned

Sir, you mixed things up. Also there are falsehood in some of your explanation. I am still mourning the death of Senator Ifeanyi Ubah otherwise, I would have been able to show you a lot of statistics on those defending Dangote. I am always at Nnewi if I am not in Lagos or Ibadan. I shuttle Onitsha, Nnewi and Awka, occasionally, Enugu or Owerri and Portharcourt.

Firstly, I didn't know Chief IBETO had stroke, it might be due to old age after a very long years of hardworking without rest. The issue of Obasanjo regime, Nkalagu Cement factory, Floating barge at Portharcourt was different from how you put it. Lafarge is the largest cement brand in Europe. It is easier for them to import their products to Nigeria using a Jetty and repackage as IBETO was doing. Dangote, Flour Mills of Nigeria, Yinka Folawiyo and few others have shed at the ports that they used for importation of cement. When Obasanjo stopped importation, it affected all of them. Flour Mills of Nigeria (Burham Cement), Yinka Folawiyo (Horse Cement) have more capacity than IBETO. IBETO acquired Nkalagu and pleaded for government to allow him continue with his importation while he is working to start production locally at Nkalagu. Obasanjo government banned importation. Flour Mills and others invested hundreds million of dollars in Calabar for local Cement factory production, Lafarge invested billions to build another Cement factory - Lakatabu II. Dangote invested at Obajana, Gboko, BUA also invested heavily. JONATHAN came surrounded by the IBOS , because of IBO business men, allowed importaion. Mind you, it was not Yaradua that allowed importation, It was JONATHAN. IBETO imported and repackaged and made money from Portharcourt. Trailers of Cement daily moved out of Eagle Jetty. Everybody knows including Jonathan, Peter OBI the Economic Adviser to Jonathan (Anambra State Governor), Ngozi Okonjo-Iweala and Anyim Pius Anyim that immediately Jonathan is out of power, automatically, IBETO Cement operations at Eagle jetty Portharcourt comes to an end. I am not even sure Buhari ordered the Cement importation to stop. IBETO stopped it immediately Buhari was sworn in.

Federal Government has never at any time stopped IBETO from taking over Nkalagu. On Social Media, they gave several excuses. They said FG send EFCC to embarrass IBETO because of Nkalagu and several others but the most common accusation was Dangote.

Now, the same people are defending Dangote. They have forgotten that now Portharcourt or any Federal Government Refinery cannot work. If PH Refinery work for 3 months before being sabotaged then, Nigerians should be grateful to Dangote Refinery and importers. NNPC cannot be struggling to find Crude oil for Dangote and at the same time looking for Crude oil for Portharcourt Refinery. So, one will give way for another and it is government Refineries that will give way.

Nodogragra4me:
Nobody is sabotaging Dangote rather he is the one trying to running others out of business.


Understand the oil business before you talk of sabotage .



Why would Dangote asked NMDPRC to ask all depot owners to patronised him when the law didn't say so? Is It not a business of individual owners to decide where it is cheaper for them to source products


Do you understand the implications of his refinery having a loading facility for trucks with capacity to the entire daily need of the country ....all others should shut down including the job losses ....then imagine a scenario where all the trucks in Nigeria cokes to lekki for product .



Dangote financial constraints presently is not the handiwork of saboteurs.....he is reported to require a working capital of roughly 2b dollars and no bank, local and international , is willing to commit more of their resources than they have already done. If there is no working capital to pay for raw materials ,how is he then going to operate the place .



NNPC reneged on their share purchase arrangement wherein they were expected to give him crudes worst nearly 2b dollars after forking 1b in cash to him


There is no sense in NNPC carrying on with that arrangement.

Outside this , a substantial part of his debt obligations falls due this August.

With no bank loans forthcoming to refinance the debt , his options are limited to renegoting his debt or share sales.


Filtch says that the share sales options remains the best but how soon he is able to find the investors willing to take up his offer remains a daunting challenge.



Every depot owner is ready to patronised him if he will be honest and creat the right conditions ....selling your products to Nigerian depots owners at 50 dollars higher than what you sell to outsiders is anti business ...


Seeking to dispense the products into trucks will have depots owners up in arms against you and they have the number and contact to ground you .....they are from every zone of this country


But let's says somebody even wants to sabotage him. Didn't he do same to his brother, BUA , when he bought of their warehouse of sugar and issued a dud cheque?

Find BUA replies Dangote ,online and read
Shouldn't he also taste his own medicine , for once , at least

.

Winnin009:
This one weh you talk about Benin is so true. Nigerians are just the absolute worst.

Benin Republic would have been better and Ghana would have been the best. I asked a question over two decades ago when I was very small and still asking the question which nobody has answered me. The question is how part of Tincan Island Port Jetty that extended to Nigerdock gate was partitioned and given to Dantata. They called the place Dantata Jetty from time immemorial. As at that time (military era), no private individual enjoy that benefit and that place was very busy full of different activities.

Coming back to your Benin Republic suggestion, in Ghana, Sentuo Group is building two Refineries at the cost of $1.98 billion. In Ghana that is a very huge cost. Some Ghanaians are still complaining. I told them in Nigeria, the two Refineries would cost about $15 billion. The government will give waivers, incentives and direct financial support up to $3 billion dollars. At the end, it is the government support that will build the refinery. All the loans from the consortium of banks and government waivers and incentives is to complete and start other projects in other countries and in Nigeria. Those Ghanaians said Nigeria is big and rich. Oby Ezekwesili called for the Audit of Dangote Refinery and NNPC / Federal Government commitment in the Refinery project. It is already too late.

In Ghana, they said the promoter of Sentuo Group is a friend of Akufo Addo their president, they should come to Nigeria and see things for themselves.

masseratti:
what Nigeria normally use to stabilize the naira is foreign reserve over the years, which is stupid, Nigeria had $28b when Tinubu came in ,the government can only liquidate or touch $7b ,the cbn use on the average $400 m weekly to subsidize the naira fall that translate to over $22b annually,not to count money for subsidy.

What this government is yet to get right is that if you still keep on having an official rates and there is a black market,you can't win the black market until you truly float your currency, abandon any official rate,let both Dangote,chukwudi the importer,baba Taiwo that want to pay children school fees, everyone under the sun buy dollars at real market value,then the rate will stabilize.

Lunch am massive agro production in all the 774 lgs with government funds, employ agricultural extension officers from nysc for bsc agric holders ,and gradutes from agricultural schoois 30 for each local government,a prof and two Drs from our universities to supervise, under a year or two food security will be guaranteed and excess for export.

Critical industries should also be helped be it technically, financially and other wise,we need to find out what do we have that if we put more effort and add value into it ,we can export and improve productiont.

The first should wake up in their job,it's high time the first start asking anyone with sudden wealth to explain where he or she got money from to buy Bugatti,send children to school abroad,buy land or build house in high brow area, People have to start explaining where those money came from and if they are genuine adequate tax is taken into the government covers,the FIRS can even design a report scheme like in china if you have money all of a sudden and it's unexplained,the citizens in that community are encouraged to report you ,either in your community or your place of work ..not less than 5 people,so that it won't be like the whistleblower system that has failed us ...

The penalty for financial crimes is way to low.. government has to take financial crimes seriously and penalty at par with Drugs and armed robbery crimes.

Lastly we would need more humanly useable Prisons built,if ever we are ready to move forward.

Sir, you are very correct. You are a core professional. I suspect you are either an economist or a Financial Analyst. Your analysis of the situation on ground and way forward is perfect. The Nigerian system cannot work that way. I pity the South West elites and elders that have not woken up to reality. Most of the South West youths are also affected. They do not wake up to reality. Tinubu met $28 billion in the reserve with a budget for 97% debt servicing. Out of the $28 billion, he can only touch $7 billion for a population of over 200 million people.

Floating the naira fully as suggested by you will make exchange rate fully determined by market forces. I think what is happening now is narrowing of the gap between official rate and black market. The real value of Naira to Dollar is being monitored by CBN.

All the Agricultural revolution steps you highlighted are good but implementation is the solution. Some people have determined to frustrate government in everything. They want immediate solution. Government within a short time less than 14 months fulfilled an inherited obligation of $7 billion dollars. That is huge. Government is also working on diverse policies from students loans, trade policies, CNG for transportation and industries, tax holiday for industries and massive roads construction. Apart from Obasanjo era, there is no government in Nigeria that such diverse developmental policies and projects have taking place.

Politics in Nigeria is something else. Jonathan left $25 billion in the reserve with debts for Buhari while all the major actors travelled abroad before handing over ceremony. Buhari left $28 billion for Tinubu with some debt commitment maturing before one year in power. The government has tried despite the inflation. The security problem in the North East and North West greatly affected agriculture and financial commitment to fighting terrorism is very huge.

Tharyor1984:
If you don't know , you don't know! Dangote is the longest serving cabal in Nigeria since the military era at the expense of the masses

We thank God the IBOS now know Dangote is a Saviour. The IBOS have fought Dangote for years. They called him several names. They called him a monopolist, government paddy paddy businessman and all sort of bad names. They don't see him as enemy of IBETO and Capital Oil again even before Senator Ifeanyi Ubah died. I remembered fighting for almost two decades on behalf of Dangote against the IBOS. The toughest was during Jonathan when Jonathan allowed importaion of Cement because of IBO importers while Dangote, BUA, Lafarge and others invested billions of dollars in local manufacturing and were competing with IBETO imported cement from Portharcourt. Buhari stopped it immediately Jonathan left. The IBOS cried foul.

They called Dangote Refinery a Scam, they said it can never work. We defended the refinery. We thank God. They (IBOS) are now the ones defending Dangote. They did at a time we are studying their agitation against Dangote but we are surprised they have forgotten IBETO and Capital Oil and shifted base to Dangote. Dangote now have good supporters. They are good in propaganda and they controlled Social Media. If this my posting appears on nairaland, they allow it because they can filter it or even block it. Dangote has good supporters.

LagosPrince:
Tobi amusan finishes third in 100m huddles, loses out on automatic qualification.

Nigeria's Tobi amusan has lost out on automatic qualification after finishing third in heat 1 of women's 100m hurdles semi-final in Paris on Friday, August 9.

The world record holder clocked 12.55s to come third and would now have to wait and hope she makes it as one of the best losers for a chance in the final .

She tried. While others ran the hurdles track, she ran the track, she also ran against some Nigerians. Her hurdles were physical (track event) and spiritual (Nigerians filled with bitterness). Some Nigerians never prayed she wins. If she had won, they would have been shouting 'drug' or Juju.

I was surprised the speed at which the information hit nairaland frontpage. I had expected that. On Wednesday when she won the heat with a spectacular speed and it was reported on many online media. It was over 9 hours later it was reported on sports section of nairaland. I have monitored the sports section for 8 hours because I know such information may not be on frontpage.

As if it was planned, few minutes after the news appeared in the sports section, the first comment was an insult "Drug Cheat".

People don't really know the people they are dealing with. The earlier our people know they are seating on bomb and get prepared the better.

I had expected Awujale of Ijebu land to delegate at least Wasiu Ayinde and about 3 members of prominent Ijebu sons to the tournament for emotional support. You don't fight enemies with sophistication and liberality when they hate you with cruel hatred.

Salewa97:
It's crucial to remember that the issues in the oil sector run deeper than just one individual. Let's focus on solutions that will truly benefit Nigeria's economy and support Dangote in his efforts to enhance our local refining capabilities.

It is very painful to me, very painful that Senator Ifeanyi Ubah died when he was highly needed. The most needed man in the parliament at a very critical and crucial legislative session died . I wept when they informed Senator Ifeanyi Ubah died. People were asking me why? I said because he was the Chairman of Senate Committee on Petroleum Downstream Sector. One of the major players in Petroleum Downstream Sector is in the Chamber, if the House can be penetrated, they dare not come to Senate . If Senator Ifeanyi Ubah were to be a Ghanaian, Ghanaians will say they killed him because of the petroleum downstream sector battle to penetrate Senate.

In Ghana, Sentuo Group is building two Refineries at the cost of $1.98 billion. In Ghana that is a very huge cost. Some Ghanaians are still complaining. I told them in Nigeria, the two Refineries would cost about $15 billion. The government will give waivers, incentives and direct financial support up to $3 billion dollars. At the end, it is the government support that will build the refinery. All the loans from the consortium of banks and government waivers and incentives is to complete and start other projects in other countries and in Nigeria. Those Ghanaians said Nigeria is big and rich. Oby Ezekwesili called for the Audit of Dangote Refinery and NNPC / Federal Government commitment in the Refinery project. It is already too late.

Apart from dirty fuel or substandard fuel, some operators in the sector with investment and commitment felt cheated. They have their opinions. They felt short changed.

Oghene86:
As long as she was cleared, you can't call her a drug cheat, because you don't know anything compared to the body that cleared her, you can continue wailing for all I care

It is not a big deal if there is a petition to Sport Body that an athlete is using drug. The sport body acts on petition and clear the athlete if no drug is found. Mind you, this is different from general Medical Drug Test conducted on all the athletes. Many world champion have had to be tested for drugs before a major tournament and after a major tournament.

After she broke World record, some defeated Nigerians at home fighting psychological war of over four decades said she used drug, some of them said she used Juju.

I saw them at Ibadan using Yoruba names to register for NIN. Also at Abuja in 2007 I saw them using Yoruba names on their International Passports and applying for UK Visa with Yoruba names. They are doing all those nonsense to camouflage in order to influence and blackmail the Yorubas from within.

They have captured Social Media with their illicit funds. That is why they ban and suspend accounts so as to have free flow of propaganda without opposition. The owner of such Social Media in South West is playing with fire.

After more than 9 hours of this 100metres hurdle event, I never expected it on nairaland frontpage, but was surprised that events that happened around the same period and after the hurdle was on front page. We are monitoring events and situations as they unfold.

CriminalTinubu:
Drug cheat
Spits*

God is more than you.

This event has been reported several hours ago. We have read it. Nairaland moderator should not bother putting it on frontpage.

Your people pray for Anthony Joshua fall but he is up. My problem is with people that don't know your people as arc enemies.

You don't use sophistication and liberality to deal with arc enemies.

femicyrus:
You are not sincere
She was coming 1st and 2nd during heats on a lucky run with longer finish time.
There was a heat she came 1st and her finish time was longer than that of someone who came 3rd in another heat.

Her qualification time for the final was ranked 8th and she ran the final on lane 9 to finish 6th
Only a miracle can make her win a medal with this exegesis.
She is a special and dedicated athlete who defiled all odds with aspiration for glory in Nigerian colors.

This hero should be celebrated
She gave her all

Your analysis is 100% correct. The NOC know this ahead of the competition. Most of the people here will never see your observations. I attended University in South East several years ago where I spent 6 years, I observed so many things. The reasoning and their logic are very adverse. The same thing is applicable to Stationary Stores Football Club of Lagos in those days . They can never believe Stationary Stores lost a match on a clean ground. They will always blame Referee or Linesman and they are ready to fight Referee, Linesmen and anybody with contrary views.