₦airaland Forum

Some Zoogerians have brain. If Dangote cement is world most expensive whybdo you think Dangote petrol will be cheaper https://dailytrust.com/explainer-what-you-should-know-about-dangote-cement-price/

samorobo:
I am celebrating victory and greatness. We will not cry for shiit. Keep dreaming 😂😂

of course you'll remain a fool from Zoogeria incapable of dissecting issues and will create few northern billonaires as you wallow deeper n deeper into poverty.Prepare to pay for expensive refined fuel from Dangote..or you think he will fly you in his private jet

GeneralDae:
Many developed economies in the world today started with Government supporting their monopolies in-house.
The monopolies then get so big, they spread to the world and some eventually divide into several branches.

Even Safaricom is a bigger monopoly than Dangote, and if it has problem today or a major beneficial project it can't execute alone, the Kenyan Government (if they know watzup) should do everything within their power to save Safaricom.

These are the details of the financing:

Project Cost - $18.5B

50% equity provided by @DangoteGroup, 50% debt financing

Debt financing mostly provided by Nigerian Banks

Of ~$9B in debt, @DangoteGroup has repaid down to under $3B.

CBN provided FX Cover worth 125 Billion naira.

Monopolies that are SOEs..Safaricom was gov owned company by 60 percent..and now gov owns 35 percent. THERE DIFFERENCE BTW SUPPORTING NNP AND DANGOTE. Dangote money belong to him.NNP belong to all of you. DANGOTE has shown with cement that Nigerian economy won't benefit from him...infact as we speak Nigerian cement consumption is what 20m.
Kenya is 10m metric tonnes..as kenya has more vibrant competitive cement industry.Before Dangote..Nigeria consumed 30-40m but Dangote locally manufactured cement is more expensive. Expect the same drill in refined fuel.Youll continue to sustain a few Nigeria billionaire as you become very poor.

GeneralDae:
CBN made sure Forex was always available at the official rate, as they should.

You mean at discounted rate as rest of you bought at 750 naira to dollar. Never before has a country surrendered to private oligarchy. I don't blame. Your gov is pretty dysfunctional and as evil as Dangote is he is better than nothing

samorobo:
Rvp are you hearing that . This is pure greatness,you can never,ever fight it. I love seeing you bitter about Nigeria’s progress,it’s gives me this beautiful feeling 😂😂😂

You'll cry in your pump station for years.I don't know what you're celebrating.

vankelvin:
Keep conjuring figures from your flat head.

As I said earlier, talk is cheap so keep talking trash just as you are known for.
In the year where 2 cedis was equal to 1 dollar the Kenyan shilling was also less than 70 shillings but see where it is now.

Both currencies have depreciated against the dollar but one thing for sure the Cedi has more value than the Kenya shilling

Grow some brain mad Ghanaian and realize kES in decade is yet depreciate by twice yet Ghana gone as high as 7 times depreciation

Kazikazi:
Those are people who were kidnapped (or trafficked for a better word)

Why can't they not kidnap Kenya disabled..answer Kenya disabled enjoy many benefits..lots of them..none want to be beggars. They are entitled to employment, monthly stipend and tax free life.Also disabled in Kenya are allowed to be set up.small business on streets...in Kenya you want to be disabled. That is how we removed our disabled from roads..then stupid Tanzania flooded our streets with omba omba.In Kenya in every employment 5% is reserved for disabled..private or public..everyone wants to be disabled. Where will you get disabled Kenyan to become pity object when they are enjoying life.So now we have Tanzania disabled imported to all Kenya cities to beg.

Unlike dysfunctional West Africa Kenya had self sufficient functional refinery until somewhere in 2013 when it stopped. First problem was it was inefficient then secondly it couldn't process sulfur free refined fuel.kenya got India Essar but they didn't invest the 600m dollars. So this excitement is crazy..Kenya a non oil producing country..always refined imported crude oil until 2010...when we started imported refined fuel as the trend towards large refineries took roots.Kenya petroleum refinery started in 1960s until 2013.Nigeria have handed their fuel future to Dangote to rip them apart

Why fck would central bank be concerned with Dangote. You have no country

68816419:
You must realize that Kenya is not Nigeria and that Dangote's investment in Lagos is significantly greater than what will be made in Kenya over the next 50 years.

The governor of the Central Bank of Nigeria, Godwin Emefiele, has disclosed that the President of Dangote Group, Aliko Dangote, has started repaying some of the loans used in financing the Dangote Refinery and Petrochemicals.
. You must realize that Kenya is not Nigeria and that Dangote's investment in Lagos is significantly greater than what will be made in Kenya over the next 50 years.

While giving his address at the commissioning of the project in Lagos on Monday, Emefiele noted that the refinery which was initially estimated to cost about $9 billion when it started in 2013, was completed with a total of $18.5bn with funding distributed into 50 percent equity investment and 50 percent debt finance.

Emefiele, who noted that the commercial loan component of the project was financed majorly by domestic banks with the balance sourced from foreign banks, added that the CBN provided about N125 billion to cover domestic currency requirements for the venture.

“What you may not be fully aware of, Your Excellencies, is that the Dangote Group has started repaying some of the commercial loans even before the commissioning of this facility. This reflects the commercial capability of the Group and its Chairman. I am pleased to inform everyone today that, following extensive repayments, outstanding debt has dropped appreciably from over US$9 billion to US$3 billion.”

“I must at this juncture appreciate all the participating local Nigerian banks, who did not only partner with the project through effective financing but were keenly aware of the importance of the project for our nation. They provided immense support and exceptional understanding, even when interest payments and principal repayment had fallen due,” he said

The Dangote refinery which has the capacity to process 650,000 barrels of crude oil per day, is the largest single-train refinery in the world. Given this processing capacity, the refinery is more than able to meet all of Nigeria’s domestic fuel consumption, which is about 450,000 barrels per day; whilst the excess production will be available for export.

https://dailytrust.com/refinery-dangote-already-repaying-debts-emefiele/

gallivant:
In case of any doubts..

https://www.statista.com/graphic/1/1120999/gdp-of-african-countries-by-country.jpg

in case he doubts..he can come pick their disabled beggars our towns..like West Africa backwater Tanzania don't know that disabled people deserve dignified living.

Obaaderemi2:
One of the major hindrances to Africa's industrialization is lack of capital. $19bn is big money in Africa.

You do realize Dangote only provided 3B..the rest are commercial loans n maybe some equity from Nigeria federal gov.Youll pay dearly for this refinery in very expensive refined fuel.Capital is important but at what cost? WHAT IS THE DISCOUNTED RATE OF THAT CAPITAL? CROOKED DANGOTES as always expect even 50 percent...you Nigerian will shed tears because DANGOTE doesn't intend to compete with efficient Indians,southnkoreans.,uae and Saudi refineries..expect tomorrow for old goat buhari to ban import of refine oil.
Then music starts

Learn how to quote data - if you're interested in a semi-intellectual engagement with me.

Just40:
Lunatic

Anytime you want to compare Kenya to Ghana, just look consumer spending in the screenshot and know that a Ghanaian will always fare better. 🤣😂

If we went for afternoon lesson - in basic stats - they would have taught you about such outliers - they are cleaned or ignored like I do to baboon rants from you on a daily basis.

Obaaderemi2:
So you believe Gambia is richer than little India because it consumes 35kg of sugar pee capita to Kenya's 21kg? That's a big difference.

Ghana madness is national epidemic- from the president to justmad30 here.

Simple diagram to explain - Ghana cedis 10rys ago was 1 usd =2 cedis. Now it approaching 15. That tells you it has dropped 6-7 times. That is HELL ON EARTH.

Luzebox:
900 cedis is equal 11400 ksh...900 cedis -half of that in ghana can be spent in traffic...half of 11400 in kenya ...u cant..things are expensive in ghana...i took close to 4000 cedis there...and i know how crazy it is there

Big 5 in Africa Sugar production ->Sugarcane is grown in most countries in SSA, but five account for more than half the total production (FAO, 2015):
South Africa (23%),
Sudan (including South Sudan) (9%),
Kenya (7%),
Swaziland (7%)
and Mauritius (7%).

The rest depend entirely from their West African slaves in South America.

Kenya produce more sugar than entire Dangoteland. Only like of South Africa can talk about Sugar.

mhkent:
Say it again 😂😂😂
Meanwhile how's queuing for sugar going, perhaps we should send some DANGOTE sugar over there for you.

Strength of currency is not in the literaly number. Anyone can redominate their currency like broke Ghana did.

vankelvin:
It means the Cedi is stronger than the Shillings and many currencies on the continent

$100 dollars can't buy much in USA but can do a lot in Ghana. What do you say to that also?

The Zoo need electricity - Not Dangote expensive useless refinery.

samorobo:
Look around no one gives a fly fig about one of Kenya’s unattainable dreams and goals. Whether or not you do is the least of my problem,we are talking about a reality you swore would never come to pass. The super mighty dangote refinery has been completed and it’s here to save the economy of Africa. Nigeria is about to take its rightful place in the world. The entire world is overjoyed for this pleasant new. Nigeria economy is about to take a new turn my friend

Why are simple things like neat straight lines impossible in Nigeria? Is it Codeine?

68816419:
Kaduna state Urban Renewal Update :
1-2: Zebra crossing, Arrows, Stop worded signs, Hazard Teeth, Stop Bar, Give way marking in progress at Essence junction.
3-4: Update: Painting of kerbs and road markings are ongoing simultaneously at the Sultan road project. #KadunaUrbanRenewal

More kenya matatus going electric - as Nigeria Dangoteland celebrate the pollutant with fanfare

Embassava Sacco acquires electric buses from
@BasiGoKenya.The Kenyans matatu industry is embracing the e-mobility. Embassava becomes the 4th Sacco in Nairobi to bring in electric buses after Citi Hoppa, Super Metro, and Metro Trans.

Are you aware that Kenya is going to become 1st African country to achieve Net Zero carbon emission in 2030.

Are you aware that climate financing, carbon trading, green bonds, renewable energy and whole of that space is THE FUTURE.

You're celebrating an old useless polluting resource minning while everyone is transitioning

You're late for the party. In kenya Ruto has stopped all oil exploration. The same with coal minning. Maybe gas has some future.

You're celebrating Oil in 2023

samorobo:
Are you aware dangote refinery is being commissioned as we speak 😂😂😂😂😂😂😂😂😂😂

Are you also aware that we just completed the trans Saharan gas pipeline project 😂😂😂😂😂😂😂😂😂😂😂

I would be first to be happy for the Zoo but I dont think Dangote has anyone interest apart from himself; See cement; When Nigeria were importing cement; they were way better; they could buy it cheaper.

In few months - you'll come to realize that Dangote is worse than what obtains now.

He will definitely sell fuel to Nigerians very expensively.

samorobo:
Rvp will not like this. Pls take it easy to avoid incurable chest pain. 🤣🤣

Apart from Gambia - of course.

68816419:
Cape Verde , Gambia and Botswana are all ahead of Kenya, since you agree that ‘Sugar consumption is one best indicator of wealth ’?

Over consumption of sugar and starchy or anything lead to health problems.
Sugar consumption remain the best indicator of wealthy nation.
Ghana is poor - broke - and most of it citizens are not of sound mind like you.

Just40:
We know that Kenya is poorer than Ghana. So you're neither here nor there.

There's no link between sugar consumption and rich or poor but there's a link between diabetes, chronic heart disease, high libido in women, low manhood performance and sugar consumption .

It's a death trap 🤣😂

Sudan was ahead of kenya together with Libya until they messed up - first with south sudan oil disappearing - US sanctions - now military mess.

68816419:
I meant to say Sudan

Get your eyes tested. Poor Tanzania is consuming 9 kilos.
It will remain as poor as west african countries.
Sudan is one with 43 kilos - south africa 28.

Generally it well know the more wealthy - the more sugar consumption.

Sugar is most critical element in preparation of many foods.

68816419:
Lol..from the table u presented, do u now agree that Tanzania is wealthier than Kenya. Since ‘Sugar consumption is one best indicator of wealth ’?

Sugar consumption is one best indicator of wealth - the fact that Ghanian cannot afford to plant or consume shows how poor it's people are.

You can almost draw a direct link btw rich and poor nations by looking at sugar consumption

https://www.indiansugar.com/PDFS/World_per_Capita_Consumption_of_Sugar.pdf

Just40:
make it up, lunatic, as you go along

This is what you're good at, conjuring numbers out of your asshole 😂🤣

No wonder Kenyans are buying 5Kg sugar for 10 dollars.. 🤣😂

Mad cow, Ghana consume anything upto 870,000 metric tonnes but are too lazy and daft to plant your own sugar cane.

Just40:
Diversionary tactics


Your zoo can't even buy sugar such that there is shortages everywhere.
Why must Kenyans suffer to queue for everything, that Is a horrible way to live.

Ghana sugar consumption is 360,000 metric tonnes. I learnt every food in Kenya has sugar in it and that is why you guys consume 4 times more sugar than Ghanaians. 🤣😂

No wonder your men sell their wives for sex tourism 😂🤣

Little Zoo that import all it's sugar has no shame speaking about kenya - which has huge sugar production - of 650K metrica tonnes against 1.15m consumption.

Ghana’s sugar industry is virtually fully dependent on imports. Local production remains negligible at a mere 150 tonnes in 2013 according to the UN data, and there’s a mere 6,000 hectares of sugar plantation in existence.

With two sugar mills in Asutsuare and Komenda, these facilities have been lying idle since 1983 largely due to inefficient management. However, the Komenda Sugar Factory was revived in 2015 and 2016 – but was shut down shortly after due to lack of raw materials

Just40:
lunatic rant

Go and queue for your next sugar dose in that Bankrupt zoo of yours

Just40:
Rich coming from a country with sugar shortages as we speak and people are joining queues 3 days long just to buy a small gram of sugar like in Soviet Russia

mad cow wait until we turn to you broke country..the Zoo is capable of defending itself n also own you..Dangoteland extend all way to your slavery kimgdom

GeneralDae:
Lol. Refinery is completed, although I believe it's not at full capacity and Dangote would confirm to us the start date for production (most likely June).
Eko Atlantic is also moving well.

Nor mind rvp2018 😄

Dangoteland...how has it help you cement or sugar...situation. what are you celebrating