NewStats: 3,265,269 , 8,186,185 topics. Date: Saturday, 14 June 2025 at 07:43 AM 591y2c

vertueptime:


Aboki that can employ your entire generation

And neglecting almajiri children in Kano

skywalker240:

Don't be a gullible Nigerian, you should know by now that anything coming from Dangote is not genuine and actually a specific type of Greek gift

When Dangote was doing that rubbish on cement, were there no other cement factories

He always try to be on top of the market share just to dictate prices

Every company covet that thing you are describing as monopoly.

And that is why government are put in place to checkmate them.

Dangote did not kill other cement brands, the government of the day failed them.

Just like in the nearest future
I won't say the marketers killed Dangote's refinery, the government did.

It's okay for government to say we don't want a monopoly, but how the government byed all the existing private and public refinery to choose importing as a solution is what I'm struggling with.

linearity:


So how will competition kill a locally made product?

Nigerians don't learn.....That how they ban all foreign rice and many other produces in the name of they are 'killing local production' how did we fare?

The case rice was very good, because we have many many local options or sources to buy from, in this case once Dangote kills import, he will be the sole supplier of petroleum product in Nigeria and you trust him that he is going to sell it to you at a fair price?

What mechanism will be in place to even determine what the fair price will be?

Since he is getting crude locally and in Naira, his focus would have been to undersell importers because he would not be exposed to their variableness rather than trying to ask a Court to invalidate their licenses.

On the rice issue
There is something called DEMAND and SUPPLY.

YES!! Nigeria is producing locally, but if we can't meet up with our demand, it simply means the price will rise.

That doesn't mean importing rice or any other product is good for our economy, it just shows how poorly prepared the progressive government have been.

With the numbers of refinery we have in this country, they can easily meet out demand and arguably drive the price down but enemy from within won't allow it

chicfarmer:
Dangote has a valid claim if indeed NMDPRA is in violation of the new PIA act by issuing those licenses. Why must we continue to import just to enrich a few fat cats to the detriment of Nigerians?
The man needs to fight for his business before they cripple him. Let the Court decide.

shame on u and dangote for being afraid of competition,it means u know u are not good enough.

What does Dangote mean by suing for the court to revoke corporation's operational licenses? Why does this man like nzogbu nzogbu business pattern? The court even have no right to revoke their licenses. Nawao no be by force for people to do business with you. Greedy and selfish human, you want to create a monopoly for your refinery business. For God's sakes, are you the only indigenous industrialist that the state will always bend and shift ground always for you?

millionboi2:
shame on u and dangote for being afraid of competition,it means u know u are not good enough.

Keep it civil. You can't compete with importers. They will undercut and kill local refiners and then we will be at their mercy. Now tell me which investor in his right mind will build a refinery when he can simply import and make fast money? If these importers are so patriotic why haven't they built refineries all these years they have been chopping subsidy money?

chicfarmer:

Keep it civil. You can't compete with importers. They will undercut and kill local refiners and then we will be at their mercy. Now tell me which investor in his right mind will build a refinery when he can simply import and make fast money? If these importers are so patriotic why haven't they built refineries all these years they have been chopping subsidy money?

u didn't make any point but clearly ing monopoly,it wouldn't work period.

So I have received a lot of responses to my original comment on this issue and would like to make some general replies. First I commend most of the responders for keeping it civil. We don't have to throw insults because we just want a better country, so kudos to you guys. I also it that you made some valid points although I can deduce that your fears are borne out of what could happen if we have a monopoly in oil refining with the Dangote refinery. However, let's consider the following points:

1. Dangote refinery is NOT a monopoly. There are several other private refineries both working and those in progress including BUA's 200,000 bpd refinery (although I cannot confirm its current status)
2. Dangote is NOT SEEKING for a monopoly in refining petroleum products. Like I said earlier, there are other local refineries and the PIA act provides for continued issuance of permission to new investors once they meet the criteria for refinery license.
3. Local refiners CANNOT compete with importers. These importers are a cartel that have accumulated vast wealth through the fraudulent subsidy scheme over the decades. They can afford to slash their profits just to undercut and kill the local refiners; and then we will be at their mercy, believe me they won't be kind to us after they have gotten rid of local refiners.
If they are so benevolent then why have NONE of these same billionaire importers invested in a local refinery all these years they have sapped our subsidy money fraudulently?
4. Allowing further importation of petroleum product will kill incentive for new investors into local refining. Shall we continue to import forever? Where has importation which we have done for over 3 decades gotten us to? No sane investor will build a refinery only to compete with importers. This simply defeats the essence of the new PIA act which seeks to encourage local investment in the petroleum industry.
5. NNPC is responsible for all this mess. It is a monumental disgrace that the NNPC cannot maintain ANY of their FOUR refineries. It is unconscionable. They are simply interested in issuing imported licenses and collecting kickbacks from fraudulent importers.
6. For those afraid of Dangote being a monopolist in this sector I think the emphasis should be on the regulator to ensure that no undue advantage is granted to any local player over the others.

Conclusively, this suit is to test the new PIA act in the law court. If indeed granting more import licenses is against the law, then Dangote, and indeed any local refiner reserves the right to test this assertion in court. , if Dangote wins this war, more investors will invest in local refining. God bless everyone.

[quote author=Cylinder post=132529872] [/]

Lavor234:

And neglecting almajiri children in Kano

Is he ur elected president or governor?