₦airaland Forum

Na so.
According to failed citizens, Dangote is demarketing Nigeria leading to US Visa restrictions. They are confused. Not knowing who to support this time around.

Their business.

My own concern is about the Nigerian.
Who claims to know and do the right politicking, expert at it, yet it has not positively affected the man standing beside him.

You change government every 8 years but experience only retrogression in every index of decent living.

Is something not wrong.

I don't know how to bring back old posts...not interested.

But I did warn on this forum ten years ago or so about Mr. Buhari and his antecedents as HOS between 1983-85.

That every single Minister and Military Administrator he appointed emerged as dollar multi millionaires by the time it ended. Fact, because I knew a good number of them personally through their kids.

And that through his sojourn in government including his time as head of the PTF he was always surrounded by extremely greedy and corrupt people despite stories of his personal incorruption.

And just like this government's much vaunted administrative competences are unfolding and proving to be mere fairytales day by day, I think Nigerians should learn to play investigative democracy.

Dig into facts surrounding people that seek for office, strip the screws and uncover the propaganda that surrounds them.

My catchphrase back then was simple.
At the end of that regime. 'EVERYONE WILL BE DEMYSTIFIED'.... because we knew so

Then folks like us were called wailers. (today the new defensive lingo is 'haters') But tell me has Mr. Buhari's legacy not been rubbished by his hitherto fans and fanatics, betrayed by the political class that foisted him on us and now trashed even by his own household, the very people that saw him into his soul.

Lesson for those who are toeing the exact path today. You may profit temporarily, gain food, raiment and shelter, but you will never be able to decide the future, and craft the kind of legacy you want.

Iamzik:
8

What do you mean predate Tinubu? Is human lives politics to you? All the killings in Benue, taraba, kogi, gombe and kidnapping of catholic school students happened under buhari right?

Don't waste your time drawing from the dregs at the bottom of the barrel of society, replying failed citizens.

Watched a bit online.
Not in the mood for rubbish this night.
Just running around like headless chickens.

HenryWilliams:
"Beware of the Greeks
Especially those bearing gifts"

Sean Connery: 'The Rock'....

So Nigerians who una go support...

If Dangote kill import, una go trust am with price....
If importers kill Dangote una go trust them with price...

Another equation...
Una trust one man or trust one cabal.
Cement price wahala v subsidy chopping wahala.

Oya, debate.

We should be a knowledge based people.
I wonder why the media who has access to him don't ask some salient questions. Because some of the wordings of his statement are grave.

It is alarming for him to insinuate that continued importation of products will break his refinery particularly when it is not clear whether he can meet local consumption. He often says he can but the regulator says otherwise so who is telling the truth.

The second question that should be asked is, how he is funding these prices cuts. Is he making any money selling at these prices. If he isn't then it is the same route to bankruptcy.

The government has to step in in the interest of the industry to find a solution to this matter. We know the years of lack of refining capacity in the country has bred whole new businesses, investments centred around importation. Businesses employing thousands that are threatened with dissolution and will not go quietly without a fight.

But it is the responsibility of government to find solutions that will satisfy all parties and ensure the transition to local refining goes smoothly.

Haba...haba.... For what na.
Just to torture Nigerians more and more.

And if they succeed to go to the world playoffs, is it not the same perambulating Iwobi and Stan the clown in the posts that will still feature.

Just like our politics. Nigerians never want to leave the stage when they fail. Always looking for the backdoor to remain in play.

duduade:
This is the first time I will see Aliko damn the consequences and go below....

What is happening

I think this is the first time he is facing such resistance to his strategic business plans, which many have said and I also think is the M word.

And I repeat. Nigeria had to watch out for how this plays out. Take no sides, be objective and understand what the squabble is all about.

Babangidapikin:
Even Alhaji can choose to give me $5million if he choose to,does that mean I am corrupt . He definitely won't tell me how to spend it.

Hmmmm...,What if some gas importers 'choose to' give you five million dollars.... ...

Funny country.

mysticwarrior:
I never watched him play but I heard he was a very skillful player.

I watched him play and he was without doubt the most skillfull ball handler I have ever seen play for the national team. His dribbles, passing, freekicks were leagues ahead of anyone at that time. Naturally gifted no doubt.

Pity he couldn't bring professionalism to his game and hus career never quite lifted off.

Said it yesterday that it will be like a tsunami. Free stranded fish when the sea retreats but death and destruction when it comes roaring back.

I also said it months ago when the battles raged with unions. That whoever wins will inevitably enslave everyone else. And we should carefully choose who will be the better slave master.

Dangote is not losing money because he loves fattening m Christmas chickens, but because he wants to sell them at a premium. This is the cement wars of the 2000's all over again.

This battle is purely for market share, market dominance. He wants to get ahead and dictate, be a market maker before other refiners come onstream.

And this is why and this is what proper governments see and have anti trust laws in place to ensure no single entity controls the most important resources of the land.

That is why the Rockefeller Standard Oil company was broken up by the US Sherman Act. And that is why oil and it's derivatives made it's way to trading markets to ensure no single company could dictate and control prices.

Yes, Dangote is a most cherished industrialist, the Messi or Ronaldo or Mo Salah of Nigeria PLC but the club will always be bigger than the player and when there is a clash of interests, the club's, the nation's interest must always be considered.

Fuel is central to all economies of the world. Countries seek stable provisions first and stable prices next. These things are too precious to be left to the whims of one man, one company.

Government should wake up and engage all parties in a fair and objective manner and save them all from MAD, Mutually Assured Destruction.

malali:

I am not his child. I just would not standby and watch him get mobbed without any evidence.
If Dangote wants to accuse him, he should do so with evidence of financial misappropriation
Not by his lifestyle, If we are investigating people by lifestyle......My security guard has 4 wives on minimum wage with 16 children
Can EFCC go and investigate him as well ?
How is he getting the money to feed 4 wives and 16 children on minimum wage ?

Oga. Lifestyle is A KEY investigative tool used by law enforcement EVERYWHERE in the civilized world to investigate crime and all manner of misdemeanors.

Investigation is not a pronouncement of guilt or otherwise, it is a process of knowledge acquisition. If he is innocent he will gladly provide proof and then can proceed to counter the accusation.

And by the way I really think you need to find out how your security man survives on the wages you pay. I really do. It can mean a lot for the functions you assume he provides. Don't be like Nigeria. Find out for your safety and well-being.

Intrepid01:
Whoever advised Manautd to buy that unripe (Sesko) forward did us a big wrong. He is far from ready to play in the PL.

That is what is called, 'buying statistics'.
Same issue with Arsenal and Gyokeres.

That is the right step. Investment in industry to make things that can earn income and create jobs. This should be the economic cornerstone of every administration at all levels of government.

Imagine that the Federal government is able to establish just one notable industry of international standards in it's 4 year tenure.

A mega industrial concern aimed at putting Nigeria on the map for that one product and federating states tap into that vision investing in support and allied industries up and down the value chain, Nigeria will be up there industrially in no time at all.

But no, the best our governance is able to do at present is award contracts. That is the be-all and end-all of why we vote people to govern us, to spend money not to create value.

Hopefully the government has a solid business plan to revitalize that industry on the short term, get it stable and inching towards viability and profitability in the medium term and then put it on the market to recover it's capital in the long term.

I just bloody hope it does not become a part of the government bureaucracy and certainly not run by the civil service of doom.

Looks good.
Now it's up to our legendary management to keep it so.

Hmmm....what is going on here.
What is behind this sudden reduction. Are his tanks filled with unsold stock.... Is he getting feedstock at a lower price, is he at war with other producers, suppliers.... what is going on. What is the price trajectory. How long can he sustain this. Can other refineries in the pipeline hatch at these cold price temperatures....

I simply don't understand the way business is conducted in these parts. So much is kept under wraps leaving the public no time to react when things happen. Experts in that sector should dig into this matter to uncover to the facts.

We cannot afford economic shocks. The regulator should call this man for an interview to find out what's up....oh he is busy in Switzerland feathering his nest....

No comment.
It is the new normal.
Tired of flogging the dead horse of a people.
They say don't criticize, give ideas.
Give ideas and it falls like water on an alligators skin.

anonimi:
Where have you been sir?

Have you not heard about BUA refinery and other modular ones licensed


https://nairametrics.com/2025/12/11/lagos-set-for-second-private-refinery-as-government-confirms-new-investor-talks/

Where have you been also.
Can't you see the cement market and the synergies between BUA and Dangote. That they are strategic industrial partners.

Please, please, please. Don't call BUA competition to Dangote in anything.

Dangote reduces gantry prices to 650, or there about. Has anyone asked him how come. And has anyone thought about the effects on current and proposed investments in new refineries.

reddingtonblack:
when you dont have proper knowledge of something please shush ..

1st of all, the oil sector is a dollarized world, the crude dangote get is priced in dollar, he only pays the naira equivalent

the overhead run of the refinery are computed in dollars, he can only use naira equivalence ..

With the quality and grade of fuel Dangote produces you cant expect it to be cheap as blended fuel imported by marketers But above all this man Dangote still manage to give Nigerians high grade fuel at lesser price such that those importing blended fuel struggle to beat Dangote price .. common

Any one that owns business and know what it cost him or her to run overhead in Nig. must give kudos to Dangote honestly, its crazy our govt as made things too difficult

So what you are saying is that he is running at a loss lowering his prices. If so why will he do that (having not repaid his loans, etc) if not that the sacrifice is for market share (market control). And if so do you think his price wars are sustainable and will prices not rebound in future?

In organized societies this is what government through regulators watch out for. Not only crazy price profiteering increases but also artificial competition crushing price reductions which are equally undesirable.

The power sector is lacking investment today because they say tariffs are artificially low (through subsidies). Same thing can happen in the downstream sector and Dangote's actions can also damage new investment in refining. So the regulator needs to be on top of the situation and view the market, the sector and the overall economy, short, medium.and long term.

It needs to understand the gamesmanship of industrial players and blow the whistle for any infringement.

But like I said not by issuing licenses to import. That is not a regulators job description.

iwadobo:
Yea bro . Don't mind the mumus . Trying to break Dangote monopoly with import is like bitten ones nose to spite one's face . If you are serious about breaking his monopoly , build local refineries to compete with his

That horse has since bolted.
No bank will finance you, no investment advisor will support you IF, they can see a giant on one side and weak regulators on the other.

Watch out and see how long it will take for the next refinery to come onstream. No one is going to compete with Dangote from here on in if the market is fully captured (if regulatory agencies fail)

What the government should do to promote free market is to establish a commodity exchange to hedge prices to protect everyone. Hedging will establish relative price stability so that when Dangote goes low to chase competition out the market buys out the price difference and uses this margin to cool the market when he returns with a vengeance.

Price stability is the only thing that will attract more investment.

Let the law take it's course but Nigerians should not take sides here even if Dangote reduces his price to N10 naira a litre.

We have been here before with cement and received a major Tsunami event where a Dangote earthquake event led to a price drop and folks went out to catch free stranded fish on the beach but were swallowed up when prices suddenly came back with a vengeance.

His methods have always been to manipulate the market, destroy competition and then use his market commanding position to set prices in the long run, a commanding position that also make it impossible for new players to enter the market.

And at this point in time this is the likely scenario going forward. We are unlikely to see new refineries in such capacities to challenge Dangote ever again.

His last battle is to control the regulators. As soon as he has won that it is game over.

By the way it is an aberration for a referee, a regulator to get directly involved in the market. It should not be the body issuing import licenses. Some may see that action as a checkmate to Dangote oil, but he sees it as an affront to his investments.

Seems extremism always has its roots in Kano, though the fallout often spreads abroad.

Well he has sent a clear message of his importance to anyone concerned.

That under 'his leadership', the APC won the Presidency while the PDP took other subnational positions.

So, to the APC he is saying, forget anyone else. I am still the one to deliver the state to the Presidency. Your new love for one Mr. Fubara is just FUBAR.

And to the PDP he is saying, look fellows, if you want to win anything in the state come talk to me. Without me 'yea can do nothing'.

I really wish we had the kind of top businessmen and industrialist speak up and posit their views on our public finances and the true way forward for our economy the way Elon did in the US in reaction to Trump's BBB.

And the way you hear industry leaders in the UK and other European countries engage the media and the citizens on alternative ways the economy cam be handled be cause they do know a lot.

The reason is simple. Alternative ideas shared by politicians alone are often seen as posturing but when those who are affected speak up and push for better ways then the nation takes note.

There used to be a time when the likes of Christopher Kolade and Ernest Shonekan openly aired their views on things economic policy, wrote articles in the media on the state of Nigeria's economy.

But today there is palpable silence. Everyone appears to be scared about putting out their views even when they are badly affected by the way government is run, by the sheer amount of resources that are wasted in administering this country.

It should not be up to the political class alone to do the dirty work of challenging the misdeeds of government.

Their money, their problem. Can't legislate how a man spends his income. But the criticism is right and should be taken further into advocacy for more state and council independence so that the fallout of such folly is self contained.

You mess up your state and mess up your people, you cannot hide under the Federal Republic or expect citizens of other climes to clean up your arse.

This is the time and season where the wheat is separated from the chaff, where the championship teams begin to bare their fangs...and of course when the pretenders begin to skelewu...

NEIGHBOUR:
They might have been employed for vigilante duties. So the Army must investigate well.

What nonsense vigilante is that. Can't you see how disheveled they are looking. Just hear how they are responding to questioning like some motorpark riffraffs.

If you, you, you were stopped by these people on the highways or you run into them in the countryside be honest, will you think they are law enforcement....?

They are lucky to be alive. That the military unit they encountered did not have loose rules of engagement or hot headed commanders.

Do things like civilized people and if you don't know how to, look abroad to other countries with effective, multilayered, overlapping security institutions.

Get proper police, train them, kit them and administer on them the oath of allegiance to the state so that they dare not turn their guns on the people they are meant to protect or sell themselves to dark interest groups.

When we ask for proper, constitutionally recognized, sworn in, trained and kitted police services at state and councils levels this is what ignorant Nigerians want...so called vigilantes.

You just put an unknown (to the law) group of people together and arm them without any structure to synergise with existing law enforcement and security institutions, without physical uniforms and identifying tags, without communication channels, without clear areas of patrol and jurisdiction....

That is what a supposedly intelligent nation can come up with to solve it deep and damaging security challenges. Honestly, this is just shameful, disgraceful and damning. A total failure of the government at the centre which is just caught between it's obligations towards the people and it's selfish battles of survival.

We know those that have expansionist, conquering agendas will do everything to resist the need for federating states to secure their territories and citizens, and will threaten the government at the centre with a loss of support if they do so.

But we want to see the kind of bold initiatives taken at the outset of the government on the economic front extended to the security sphere with a similar dismantling of the buccaneers of insecurity just as the oil subsidy and foreign currency pirates.

Dialogue and negotiations are the best...the only options open to Nigeria at this moment. Sabre rattling will just be counterproductive.

That is a carcass not food and there is no way you cannot smell the decay from a country mile before you even see the evidence.

But tell me more. Is this the annual party of the Association of Forensic and. Crime Scene Investigators....

Oya tell me, for how long has that fowl been dead...