₦airaland Forum

GeneralDae:
Plus 12 billion dollars on subsidy that is always rising.

Exactly .
Now that’s going back into the economy.

GeneralDae:
And this is just the refinery oo. The petrochemicals is a 25 billion dollar per annum market as well. Nigeria can at least get more than 5 billion dollars from that. The fertiliser which is already in operation has given Dangote over 500 million dollars this year already.

Chest pain to rvp. I love to see it.

rvp2018:
A billion dollars. That is value-added you get from refining fuel.

Go slow on the lies.
You are scared I get. I have old you this is huge. It’s $11nm not $1bn. You forgot to include the other 1.

rvp2018:

You are still shining teeth. The African market is about to come into our hands . Y’all will stop importing from Europe and face dangote. You can’t escape it.

rvp2018:
I am never hateful
First you are not meeting your OPEC quotas.
2ndly you will lose forex when some crude is diverted from export to Dangote.
Right now you're doing 1.3-1.5M bpd - if Dangote takes 650,000 - you will have to reduce export by half.

Now two scenarios
1) You increase oil production - meet OPEC and then have more for Dangote - then you will BENEFIT
2) You dont - you only benefit from value addition of refining crude - that about a billion dollars - which Dangote is keen to capture.

Prospect of increasing oil production are remote - you're dropping in year when oil is at 140 dollars per barrel - meaning you have big problems

Federal govt drilling oil and sending to Europe or where ever it is needed has absolutely nothing to do with the amount dangote will have to drill daily to refine and export to where it’s needed. Most african countries will opt in for his cause it’s cheesier to ship and quicker and quicker and easier to access . Mind you he won’t only be exporting pms but all the derivatives than can be gotten from the the distillation of petroleum such as liquefied petroleum gas, gasoline or petrol, kerosene, jet fuel, methane,butane diesel oil, fuel oils and so many more. The value chain is wide and it’s about to be super big for Nigeria. Don’t hate just pray for your own dangote.

gallivant:
I proved my point already.

You stand to be corrected,you proved nothing.

Pls where are the rest? ?

rvp2018:
Unless you're going to increase oil production otherwise the export will fall by almost the same amount that import will fall; cost of refining is 3-5 dollars a barrel. That is what you'll save plus other petroleum products if Dangote goes into that.

In short dont get over-excited - the value chain from crude processing is not a game changer. If we use 5 dollars times 560K*360K days = you're talking about 1 billion dollars savings. That 1 billion dollars is what Dangote is targetting - maybe he will be making 500M dollars profit per year - and Nigeria will get jobs - not sure how many - maybe 1,000 people - majority will be Indians

But it sure will eliminate the national shame of being only OPEC country to also buy refined fuel.

Wipe your tears, dangote refinery is a fortune about to be unlocked.
For starters we are not competing for drilling allocated or limited national amount of raw crude for export but we are competing on the international space for sell refined oil with other big oil companies.

And yes it’s will provide 250,000 jobs for nigerians and not Indians. Stop saying stupid things to feel better about your self and your zoo. At this point you can’t even hide how envious abd pessimistic you are.

Once it completed it’s over for the Continent,you will be lucky to see our trails - we are zooming off with unimaginable speed. Pls stay scared. Thanks

gallivant:
Tea and coffee is expensive, that's why they drink Milo and other concoctions. Unless they are paying in gold we will continue to sell our tea elsewhere.

Look around,no one is interested in your tea.

gallivant:
I don't understand what you are crying about. You thought it was just tea, I gave just but one example.

Where are the rest?

gallivant:
Stop heckling. Use NEPA generator power wisely.

Broken record.
Next idiot please.

gallivant:
He said Kenya exports more food products than it imports. Seems like you have a comprehension problem.

Madness.
You have always been a trade deficit zoo. Quit the fumes inhalation.

rvp2018:
But we export more food - about 5B roughly

Lol that must be the value of your entire net export not food export. The Kenya I know have never had a trade surplus. You import about $17bn -20bn(of which food takes up half of it) every and your export entire export is just a paltry $5bn.

theenchanter:
Nigeria is not the largest importer of food in the continent. No longer the largest importer since our agricultural revolution in 2015.

Thanks for this.

rvp2018:
There is space for farmers market - but farmers, consumers and exporters - will benefit more if you formalize the sector. Nigeria with it's huge arable land would be exporter of agri products if it did that. Look at kenya with tiny slice of arable land.

The big difference kenya inherited a colonial formal agriculture sector that was built on cooperatives and grew it.

Nigeria can do this. India has Amul - the big dairy coop. China has ALL-CHINA FEDERATION OF SUPPLY AND MARKETING - cooperative - for it's farmers. Kenya has KTDA. Ghana has their Cocoa board. Etc. These are cooperatives that can grow the domestic market and even grow export market.

You can organize farmers into cooperatives. Dont celebrate flea markets. With formalized cooperative based smallholder farming - you will feed Nigeria - and the world.

Nigeria is a big agricultural top wig not to mention one of Africa’s net food exporters. Whether or not the market is flea or organize is not the point,the point has been driven home already. Stop splitting hairs and take a break.

AfriqueDuZuid:
This is embarrassing to say the least, Kenya feeding Europe imagines Kenya get food from Uganda and Tanzania.

Kenya is not even largest food exporter in Africa to start with

In east Africa you mean to say.

Never mind his spurious claims,I wholeheartedly take them with a pinch of salt.

rvp2018:
It could the reason - seen those Nairobi street kids who inhale jet fuel and get high

Pointless hallucinations. Pls stay focused.

gallivant:
It's way too early to be inebriated with generator fumes.

Broken record.
Next please.

gallivant:
Nairobi

https://pbs.twimg.com/media/FPuYw7iWUAIn1DL.jpg

https://pbs.twimg.com/media/FQDM54fXIAUDKhb.jpg

https://pbs.twimg.com/media/FX2bZHXWIAA4wXQ.jpg

https://pbs.twimg.com/media/Fehe6uKX0AEsasM.jpg

Enugu

rvp2018:
Heckling. Nigeria, DRC and Angola are NET FOOD importers in Africa.

Nigeria,china are net importers of food just as much as they are net exporters. Quit heckling,you sound like a broken record.

AfriqueDuZuid:
Kenya is in no way feeding Europe and while importing food from Uganda and Tanzania

People don't eat coffee, tea and flowers

You becoming somewhat irrational as time goes by

I completely agree.
He appear to have lost it completely up there,cause what with this nonsense for the past 5 days.

rvp2018:
You have huge arable land enough to feed population.
Kenya, Ghana and Ivory Coast are net agricultural food exporters feeding Europe and the world.
Nigeria is a net agricultural importer.

Lol story for the gods.

When it’s comes to agriculture,Nigeria is a net exporter compared to those countries you listed. This is fact, go argue with your ancestors.

IGpro1:
Kano population is not near 20m sir.

Have you done business in kano. Do you know how much grains gets exported to neighbouring countries( Chad, Cameroon and Niger).
Don't let that Kenyan guy work you to believe all Nigerian farmers do is produce and sell in local markets at cheap prices.
There are big business men who buy in bulk from farmers and rebag their grains for export.(our govt only fail in implementing price control)
Just the fishing business in baga, its so huge that it can comfortably generate huge revenue for the govt if taxation goes on well.

save Tea, what does Kenya have to boast of in agriculture? Tea can easily be controlled by their Govt, but not so much with grains.
Maybe if the Kenyans were a little less concerned about making money from every farmer and making everything 'formal' there wouldn't be need for the yearly food aids they receive.
Let's put it straight, ''KENYANS ARE HUNGRY''

Well said. Truer words cannot be said.

GeneralDae:
Lol . Okay.

Don’t entertain what he will say afterwards.
That idiot is in no place to question reputable bodies when it puts Nigeria in good light.

rvp2018:
Yet you lead in importing food.

Population,population,population. And maybe some bottleneck here and there.

rvp2018:
Wild guess

No wild facts.

rvp2018:
I dont see how this is big. it's chaotic mess. You gov need to encourage farmers to belong to cooperatives and the cooperative to build silos - and assist in proper marketting of their produces.

Kenya has National Cereals Produce board that has silos all over the country - it not functioning well but it way ahead of nigeria

The same is replicated in tea, coffee, etc.

You need formalized marketing boards..hopefully run as cooperatives that aggregates smallholder farmers.. that not only meet the local needs but the export of these products...not flea markets like these.

Ghana has good Cocoa board.....it just a shame Ghana gov sometimes uses it as collateral to borrow money

You can’t tell us what to do. Nigerian agricultural sector is huge - whether it is organized or not, that’s not the point. Focus on the output abd stop splitting hairs.

Shma2022:
I'm addressing the status quo, gleaning from the ignorant post received from the famous grand olodo.

And so what has that got to with google and Microsoft opening hub in Kenya and not in Nigeria (even though they are already here) or Nigeria not getting any investment(even though our fdi both oil and non oil is bigger than yours by far).


And btw I was talking about the real estate sector in context,and what I said is true- prove me wrong.

rvp2018:
You're wrong.
1) Biggest problem with Nigeria downstream sector is FUEL SUBSIDY - that will always lead to problems including shortage. Kenya tried it this year and for the first time ever we saw Nigeria like queue. It was surreal. The best way to distribute money back to Nigeria is through roads, schools, hospitals and security for all. Not by using 1/3 of the budget to subsidize petrol for people who own cars or any mechanical motor.

2) Of course, it a huge shame that you cannot refine your crude oil - and capture more value from it - but ITS NOT a panacea to the problems facing Nigeria.

3) Upstream - production is falling - despite high prices - after years of under-investment and insecurity. How will Dangote fix this? When he is likely to even want to buy crude below the market price. Nigeria has unmet crude oil market - first with US through AGOA and with huge quotas at OPEC it can no longer meet.

4) Dangote and Nothern Elite economic capture of Nigeria just got a tighter grip with that oil refinery. What you're doing protecting Dangote and few elite businesses so as to save forex from rice, sugar, cement and oil - is CREATING poverty - if Dangote doesnt become efficient. Asian tigers protected their countries infant industries for a period of 5-10yrs - then they were expected to compete - with international companies.

Why for example do you still ban the import of bagged cement - what - 20yrs later? Dangote has gone international - yet you still ban cheaper cement - that mean domestic cement production is not working - it still inefficient - and is costing the economy.

My guy dangote refinery which is the world largest refinery would put our economy on steroid. The massive economic ripple effect can’t be fathomed. The entire world is waiting for it.

Convince me otherwise if you can.

obaaderemi:
That man is probably new here.

Exactly.
I don’t want to say too much,but he will learn soon enough.

theenchanter:
you guys are something else, honestly speaking. So because google opened it's first product development center in kenya mean no investor will choose other nations over kenya

But the same google choosed Nigeria over kenya in 2020 when it opened it's African development space in Lagos and inherently choosed Ghana over kenya in 2019, when it opened it's first African artificial lab in Accra.

These companies are building ecosystems in the continent, from cape town to Cairo but u thought their activity is centered around Nairobi that's what we call ignorance.

They are all close-minded and I can’t stand them . All of them,not one is spared. Must be a kenyan thing.

obaaderemi:
That's the problem I have with them. When the data goes against them they tell you it's manipulated. One of them, the transgendered I recall, actually said it was a Nigerian who fixed the data.

Even if it’s was a Nigerian that made the list ,does it’s mean the Nigerian would be deceitful to Kenyans. 90% of Nigerians probably don’t even know of Kenya if if they exist. The fools are judging based on our engagement on this thread.

rvp2018:
It doesnt matter the capturer. You wont ride in Dangote private jet just like I wont ride in a Kenyan indian jet. What matters is the millions of kenyans and Nigerians. Are they getting value for money? Is the economy working for them or a select few.

Pls let dangote capture Nigeria as much as he likes. He is one of the largest employers of labor in not just Nigeria but Africa. The whole of africa can’t even wait for the multiplier effect(jobs) this refinery will bring.

Be worried Indians are capturing your zoo, a Nigerian capturing Nigeria should be the least of your problems.