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Tinubu’s Order Won’t End Dangote Refinery Woes – Experts - Business (2) - Nairaland 47601f

Tinubu’s Order Won’t End Dangote Refinery Woes – Experts (19713 Views)

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Judolisco(m): 3:45pm On Jul 30, 2024
angry
Godfullsam(m): 3:48pm On Jul 30, 2024
AqualinaXYZ:
Tinubu is useless



Old fool


Stop criticizing blindly.

Don't allow stupidity to ruin your already miserable life.

Learn to use your head before typing anything on social media.
Bluntemperor: 3:50pm On Jul 30, 2024
Chinkoalhaji34:
E be like say dem no sabi wetin dem dey talk. Tinubu dey try, but na the same old wahala wey don dey ground for long. Make we no forget say change no dey happen overnight.

Good talk but Tinubu should Sack ALL those NNPC - From head to anyone above 5- years there,they are all Corrupt,Just like DISCOS-as those who Own them are pure Parasite to the Masses.
Are they Saying Other People can't do their Jobs,so then let them go away, that Nigeria would have Peace.
The Oil-Cabal is deceiving Tinubu and will never allow Dangote to have his mind, to determine the good- Price For Nigerian People.
It's going to be one- Day On and one Day Off- like NEPA/ DISCOS -because they are hiding the TRUTH from NIGERIANS.

1 Like

Realdeals(m): 3:50pm On Jul 30, 2024
Energy experts that are extorting the system, how will they agree it is positive.

1 Like 1 Share

adams123: 3:51pm On Jul 30, 2024
bemeruca:
You guys was enjoying when GEJ was around. Price of crude go up, naira strengthen. Today, na so so nonsense from the people wey say them Wan fix GEJ issues. How far? Where tribalism Don land una, una no go fit escape

It has being the same corruption issue that pushed GEJ from sit and is the same thing we have being battling with.
No one is saint here yet
seunmsg(m): 3:53pm On Jul 30, 2024
budaatum:


I have always found it amusing when Nigerians claim Nigeria is rich because we have oil. The above shows how poor our nation actually is.

Dangote should buy crude oil wherever he finds it. His refinery is after all large enough to sell outside Nigeria, so getting foreign exchange should not be a problem.

He also should sell in Nigeria at a profit. Sorry folks, but that does mean at likely twice or triple the current price. He after all did not build it as charity to feed anyone.

Dangote's major market is Nigeria. Once out of Nigeria, he has to compete with the rest of the world and that is where competitors will kill him. To sell in Nigeria, he must sell at a price competitive with NNPC and that will be at a big loss. Dangote can't compete without the of the government. Sadly, government is also in a very difficult position right now. We need forex to defend the Naira and meet import and loan obligations and we also want to give Dangote enough to help him stabilize. There is no easy decision to make in all of these.

There is only one long term solution, we need to invest massively in crude oil production. We must get our daily production to something around 3m bpd if we truly want to sell at a pegged Naira price to Dangote without any backlash. For now, we will keep blowing grammar without any movement.

3 Likes

Godfullsam(m): 3:53pm On Jul 30, 2024
MasterJayJay:
I was laughing at the clowns who are suffering from memory loss when they were hailing Tinubu.

Nigeria has sold its crude oil in advance. So where would NNPC get the one they will sell to Dangote?

This is public knowledge. Dangote imported crude oil from other countries because NNPC has sold our crude oil in advance to pay for loans.

At the bold, it would have been better if they used our crude to pay for loans, at least we would know we are not owing any debts any more.

The reality is the actually used our crudes to obtain loans . We don't even know what they did with the loans and no body is asking questions.

1 Like

TheAlchemist: 3:55pm On Jul 30, 2024
I hope Nigeria still has some oil blocs onshore or offshore which can be sold to Mobil, Chevron or Total in exchange for their current crude oil production. They can work out the discount rate to be applied to the oil blocs. This will ensure Dangote gets more than the required crude oil for his refinery. This is a simple solution out of this.... NNPC does not have enough crude to supply to Dangote Refinery.
Goke7: 3:56pm On Jul 30, 2024
The President only gave the order to satisfy those who felt he was sabotaging Dangote.

Where am even waiting for is at what price Dangote will sell cos or will Govt still go ahead to pay him subsidy to regulate price? I hope those who have been sympathetic to Dangote won’t turn around to accuse the govt again of failing to control Dangote by the time he descends on Nigerians. Fingers crossed
Krankhead: 4:04pm On Jul 30, 2024
ALL THESE USELESS AND STUPID SO CALLES ANALYST ARE THE PROBLEMS OF NIGERIA. you will a mechanic Analysing monetary issues, A pastor analyzing legal , A nollywood actors analysis environmental issues. They are sick. Everyone forming different groups etc.
frog12: 4:04pm On Jul 30, 2024
this is the problem i have with it. sentiments against NMDPRA. what if NMDPRA was right that the refinery is only 45 percent complete? what's wrong in telling the truth?

na so HADI SIRIKA was pushing fake nigeria air around. now dem don bust everything.


Goke7:
The President only gave the order to satisfy those who felt he was sabotaging Dangote.

Where am even waiting for is at what price Dangote will sell cos or will Govt still go ahead to pay him subsidy to regulate price? I hope those who have been sympathetic to Dangote won’t turn around to accuse the govt again of failing to control Dangote by the time he descends on Nigerians. Fingers crossed
Angelfrost(m): 4:05pm On Jul 30, 2024
tifirmuny:
They used all the crude oil up to the ones still underground to borrow loans. Guys Nigeria is in trouble

In trouble?!!

Nah... Nigeria is not in trouble!

Not anymore!

We were in trouble under Buhari... He took us beyond that.


Nigeria might actually be DOOMED! Irreversibly damaged for generations yet unborn.
Krankhead: 4:05pm On Jul 30, 2024
Realdeals:
Energy experts that are extorting the system, how will they agree it is positive.
They are bunch of fools. Look at Dele momodu that studied Yoruba in university analyzing monetary issues
Gbeng30(m): 4:06pm On Jul 30, 2024
Crude oil wey den don mortgage since, we will see how long they will be able to sell to dangote...
jaxxy(m): 4:06pm On Jul 30, 2024
Hmmm, meaning there were no provisions for dangote refinery despite being aware of its time line on its development and operations?
seunmsg(m): 4:06pm On Jul 30, 2024
Godfullsam:


At the bold, it would have been better if they used our crude to pay for loans, at least we would know we are not owing any debts any more.

The reality is the actually used our crudes to obtain loans . We don't even know what they did with the loans and no body is asking questions.

Where did you think they are getting the money they share to all states and local government every month from Federation from? The money in foreign reserve, where is it from? The money they use to pay for all sorts of foreign products that we all like in Nigeria, where do you think it comes from? Space?

1 Like

Krankhead: 4:07pm On Jul 30, 2024
Nah Thunder go fire Analyst. Confused people. Even Dele momiodu that studied yoruba will.be analyzing monetary issues

1 Like 1 Share

bemeruca: 4:08pm On Jul 30, 2024
adams123:


It has being the same corruption issue that pushed GEJ from sit and is the same thing we have being battling with.
No one is saint here yet

what do you know other than tribalism? it is not the same thing.
be there making excuses.
Kanixt(m): 4:08pm On Jul 30, 2024
MasterJayJay:
I was laughing at the clowns who are suffering from memory loss when they were hailing Tinubu.

Nigeria has sold its crude oil in advance. So where would NNPC get the one they will sell to Dangote?

This is public knowledge. Dangote imported crude oil from other countries because NNPC has sold our crude oil in advance to pay for loans.

Who told you that Nigeria has already sold its crude oil - Government I guess.

It's the same government is telling you there is crude oil for Dangote

Tell me which of this would you believe
bemeruca: 4:12pm On Jul 30, 2024
Image123:

The thief among our many thieves that said stealing is not corruption.

Technically speaking, Theft and corruption are not the same thing. Either way, you were better when he was around. today, these new guys remove the so-called thieves and install worse thieves so how are you coping?
budaatum: 4:14pm On Jul 30, 2024
seunmsg:


Dangote's major market is Nigeria. Once out of Nigeria, he has to compete with the rest of the world and that is where competitors will kill him. To sell in Nigeria, he must sell at a price competitive with NNPC and that will be at a big loss. Dangote can't compete without the of the government. Sadly, government is also in a very difficult position right now. We need forex to defend the Naira and meet import and loan obligations and we also want to give Dangote enough to help him stabilize. There is no easy decision to make in all of these.

I do not see why Dangote's major market must be Nigeria especially since there is no way Nigeria can consume what that refinery can produce when at full capacity. It is the largest this side of the world after all.

All he has to do is produce cheaper than others. And yes, I know that's simply said but almost impossible considering government would not only not but even throw obstacles in his way.

Seriously. I can't understand why he'd build such a huge refinery without first owning upstream to supply it. Its like Shell not owning crude supply for its daily 404,000 barrels capacity Pernis plant in Netherland, which is stupid if one asked me, and which makes me wonder if Dangote Refinery wouldn't become another Nigerian white elephant

Bluntemperor: 4:15pm On Jul 30, 2024
bemeruca:
You guys was enjoying when GEJ was around. Price of crude go up, naira strengthen. Today, na so so nonsense from the people wey say them Wan fix GEJ issues. How far? Where tribalism Don land una, una no go fit escape

You seem to be reasoning through your anus,that you are still crying over split milk!
What did GEJ and his Sanbo Deputy got for Nigeria,so much that Dezani looted the place,as Petroleum Minister and you now wants to lecture us on your GEJ performance!
• How Many Infrastructures did PDP built - for 16- years( the Roads,the Railway,the Lights( NEPA) ,etc,and what improvements did he brought to Nigeria- during his 6- years?
-Thank God that Mrs Okonji-Iweala - was warning (even the Governors at that time -were on her) saying -they should Save the Surplus Money from the Crude-Oil,but all fell into the deaf ears Or were you not in Nigeria at thet time?
Please,leave your fake history and know that Wasting our Resources, through Corruption,have repacusions!
What Nigerians are suffering today are Past-Mismanagement of Our Resources, including the past Military.e g .we refused to put Refinery in Order by Importing Fuel,just to deceive Nigerians,than maintaining the 4-Refineries in Nigeria.
Our Leaders should be ashamed that we let the 30% Youths to be Unemployed.
Shame everywhere,while Creating Jobs to the Whiteman - who Supplies Fuel to use through Manipulation of Banks Importations Arrangements,which also affects the Naira Value.

1 Like

Goke7: 4:15pm On Jul 30, 2024
frog12:
this is the problem i have with it. sentiments against NMDPRA. what if NMDPRA was right that the refinery is only 45 percent complete? what's wrong in telling the truth?

na so HADI SIRIKA was pushing fake nigeria air around. now dem don bust everything.



The truth never comes out in Nigeria until everything goes bust like you mentioned.
Godfullsam(m): 4:16pm On Jul 30, 2024
seunmsg:


Where did you think they are getting the money they share to all states and local government every month from Federation from? The money in foreign reserve, where is it from? The money they use to pay for all sorts of foreign products that we all like in Nigeria, where do you think it comes from? Space?

You are trying to tell me we don't generate enough money from crude sales to meet our domestic needs except we take loans in advance with our crudes?

For your mind, our foreign reserve is a proceeds from loans obtained from crude abi?

You be bush man o
bemeruca: 4:19pm On Jul 30, 2024
Bluntemperor:


You seem to be reasoning through your anus,that you are still crying over split milk!
What did GEJ and his Sanbo Deputy got for Nigeria,so much that Dezani looted the place,as Petroleum Minister and you now wants to lecture us on your GEJ performance!
• How Many Infrastructures did PDP built - for 16- years( the Roads,the Railway,the Lights( NEPA) ,etc,and what improvements did he brought to Nigeria- during his 6- years?
-Thank God that Mrs Okonji-Iweala - was warning (even the Governors at that time -were on her) saying -they should Save the Surplus Money from the Crude-Oil,but all fell into the deaf ears Or were you not in Nigeria at thet time?
Please,leave your fake history and know that Wasting our Resources, through Corruption,have repacusions!
What Nigerians are suffering today are Past-Mismanagement of Our Resources, including the past Military.e g .we refused to put Refinery in Order by Importing Fuel,just to deceive Nigerians,than maintaining the 4-Refineries in Nigeria.
Our Leaders should be ashamed that we let the 30% Youths to be Unemployed.
Shame everywhere!

The man that your fellow enemy of progress protested against for wanting to remove subsidy but now is OK? you can pretend Naija was that bad in his time all you want but the result of when he left is clear.

Since he left, Every move is negative for the country. make una enjoy una hunger. things will only get worse cheesy cheesy since na tribalism una wan eat.
emapeteum(m): 4:30pm On Jul 30, 2024
FreeStuffsNG:

Smh. Awon olodo 'experts'. Watch how other olodos reading this junk report will not bother to find out that the 'expers' are mediocre.

It is unapologetically mediocre that a supposed newspaper like dailypost report is quoting our oil production at 1.2m bpd and repeating such an obsolete information to mislead and prove that the 'expert' is a quack for not knowing that Nigeria is currently producing over 1.6m bpd! Experts indeed!

Awon olodo upon 100 gbogbo. This is why those in government never take them serious, they know that those criticizing them are ignorant and lazy. At the current rate of over 1.6m bpd, NNPCL supplying 450,000 for the whole year is small and no big deal. The koko is in helping these local refineries get the crude in naira instead of struggling for forex upandan.

Nigeria can conveniently deliver that 450,000 barrels in a year to help the local refineries get a headstart.

It is only those who are ignorant about the topic and too lazy to engage intelligently who are uncouth and destructive to our collective creative minds but we must resist them and their toxic unpatriotic destructive upbringing and actions.

May God bless Nigeria for ever! Check my signature for free stuffs!
Can you also counter their claims with your expertise advice with a superior argument.what I read in your piece is name calling,nothing!
MasterJayJay: 4:34pm On Jul 30, 2024
Kanixt:


Who told you that Nigeria has already sold its crude oil - Government I guess.

It's the same government is telling you there is crude oil for Dangote

Tell me which of this would you believe
Dangote is importing crude oil. If there is crude oil for Dangote from NNPC, Dangote won't be importing crude oil.
fastseo: 4:36pm On Jul 30, 2024
The same criminals are the one writting this.

NNPC are thieves...

But u guys where promising us that PH refinary will soon produce oil. So where would they have gotten the crude from
Blitzking: 4:39pm On Jul 30, 2024
Bluntemperor: 4:46pm On Jul 30, 2024
bemeruca:


The man that your fellow enemy of progress protested against for wanting to remove subsidy but now is OK? you can pretend Naija was that bad in his time all you want but the result of when he left is clear.
Since he left, Every move is negative for the country. make una enjoy una hunger. things will only get worse cheesy cheesy since na tribalism una wan eat.

Can you address the issues I raised,in the discourse,instead of living in Sympathy of a loss throne!
Are you even aware that your Niger Delta Brothers,went as far as establishing a University in Benin-Republic, during your GEJ,so how Patrotic are you?
If that same University is Established in Nigeria,who benefits? Of Course,they are hiding the Stolen Funds from Nigerians and that is why Dangote is a Hero!
Whose interest were they serving and who eventually Owns the University, and at what Costs to Nigerian Youths - in Employments,or in Dollars?
Please,go rest,you don't have sense of History!
teebaxy(m): 4:48pm On Jul 30, 2024
AqualinaXYZ:
Tinubu is useless



Old fool
Brother , that you have old once and also that someday you will also be tagged Old Fool. Just a quick reminder
bemeruca: 4:50pm On Jul 30, 2024
Bluntemperor:


Can you address the issues I raised,in the discourse,instead of living in Sympathy of a loss throne!
Are you even aware that your Niger Delta Brothers,went as far as establishing a University in Benin-Republic, during your GEJ,so how Patrotic are you?
If that same University is Established in Nigeria,who benefits? Of Course,they are hiding the Stolen Funds from Nigerians and that is why Dangote is a Hero!
Whose interest were they serving and who eventually Owns the University, and at what Costs to Nigerian Youths - in Employments,or in Dollars?
Please,go rest,you don't have sense of History!

there is no issue you raised. The power sector is just like every other sector, The Railway is still useless. Back then people were traveling from A to B peacefully, today they cannot. Companies are living in the country left and right.

All the people who blocked him left and right including Tinubu. how far? what has he done? how much is food?

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