NewStats: 3,262,522 , 8,177,374 topics. Date: Monday, 02 June 2025 at 02:42 PM 58375g

Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.

People don't realize how dangerous
gas powered vehicles are.

After one or two gas powered cars
explode with engers, our brains go
reset back to petrol.

For say it meets regular safety standards,
America and Britain for don dey use am, tey tey.

Even for Nigeria, kerosene sef dey
explode, talk less of working gas put
for enger and private vehicles. Here wey
we no get any set of safety standards. For Nigeria, cow, goat, rams pigs dey travel
together inside one enger vehicle

Dangote's problem is that he focuses
too much on bribing government officials
To give him unfair advantage over competitors.

On his own, Buhari was focused on putting
all the nation's wealth in the hands of
Muslim northerners. Oil, Ports, Customs,
Immigration, Finance, Airways, Agriculture etc.
and they obliged him by stealing trillions,
unchallenged❗️❗️

E no go ever better for Buhari and his
coming generations for the poverty he unleashed on this country🇳🇬🇳🇬🇳🇬

Bro poster please who are you and where are you

OP use the time for typing this shit and look for something to do
First you don't know what killed Ajaokuta steel
Secondly CNG, electric car bla bla bla won't replace petrol anytime soon. Only kids and ignorant people think it will.
Finally dangote is a greedy wicked man but he isn't stupid or foolish he works with intelligent thinkers

Aswear to God👩‍🚀, all this Obidients are People who have never achieved anything in life.

Do a private business who run it's affairs like FG..

How dumb can some of you Obi ers be?
Eh stupid with una reasoning

SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.

When was the last time you had a job?

Those saying Gas price has drop, this is what I just bought in port Harcourt, the 25/June/2023.

700/liter,
8,750 for 12.5kg

Zionmdde:
OP use the time for typing this shit and look for something to do
First you don't know what killed Ajaokuta steel
Secondly CNG, electric car bla bla bla won't replace petrol anytime soon. Only kids and ignorant people think it will.
Finally dangote is a greedy wicked man but he isn't stupid or foolish he works with intelligent thinkers

Time will tell who is right between you and the OP,

enjoy your Sunday.

So much exaggeration about CNG and electric cars. Petrol is going to be far cheaper and more accessible even in 100 years. Multinationals are still investing billions of dollars in fossil fuels. Congo dr is selling off oil blocs to big corps to fund its budgets. Lets not run faster than our shadows.

You think dangote and bua never carried out due dilligence on those projects?

Dagote refinery produces natural gas and it can decide to turn it to Compresed natural gas CNG, so that's not a problem, . And for electricity, Dangote will supply the gas to power the gas turbine that will produce the electricity so the state and federal governments will surely pay him for that. And as for electric cars, please always try to Dangote Peugeot can produce electricity cars. So there's no cause for alarm

vanunu:


You must be very stewpid, what concerns what the op wrote and the so called obidients, can't you behave yourself.

My Stupidity can never reach the level of the collosal perennial loser

I'm discussing this with my friend from kogi yesterday... DANGOTE is not a good business man what he is enjoying is northern Monopoly coupled with some foolish presidents we had from the south,I will prefer TONY ELUMELU 100* TO DANGOTE.. DANGOTE IS A VERY SELFISH AND GREEDY FELLOW

I LAUGH STUPID APC ERS CHEERING HIS REFINARY,IT WILL BE BETTER TO IMPORT FUEL THAN TO HOPE ON THAT HIS ANTI PEOPLE REFINARY...THANK GOD FOR GAS ALTERNATIVE ANYWAYS

adecz:



People don't realize how dangerous
gas powered vehicles are.

After one or two gas powered cars
explode with engers, our brains go
reset back to petrol.

Dangote's problem is that he focuses
too much on bribing government officials
To give him unfair advantage over competitors.

On his own, Buhari was focused on putting
all the nation's wealth in the hands of
Muslim northerners. Oil, Ports, Customs,
Immigration, Finance, Airways, Agriculture etc.
and they obliged him by stealing trillions,
unchallenged❗️❗️

E no go ever better for Buhari and his
coming generations for the poverty he unleashed on this country🇳🇬🇳🇬🇳🇬

You are obviously not an engineer to type this thing

First as long as the guidelines are followed I don't see any problem... Your petrol is converted to gas before it can combust

People have been using hydrogen to power cars yet no explosion

Hydrogen is even far more dangerous than propane ,ethane or methane gas they might use

SON should step up and do their work

More over they have been using it for years in Edo state.. For over 5 years now... No trouble

We laughed at the abokki when he ventured into a business that is becoming obsolete. Worst still is his greed in trying to monopolize the sector. Once all bottlenecks are removed, small modular refineries will run him out of business, that is if he ever complete the white elephant project at all.

I no know why person go dey drink paracetamol untop another man headache.

The Dangote Refinery is a very complex project that requires a time, technical input and capital.

There are about twelve units (CDU, RFCC gasoline, RFCC AGO, HGU, Polypropylene Unit Effluent treatment Units e.t.c). Executing a project of this magnitude is no joke. Commissioning and integrity testing alone could take six months or more.

The man even said they are more than halfway through with the payment of loans($2.7B left)

I don't know what you intend to gain with all these downplaying

Zionmdde:
OP use the time for typing this shit and look for something to do
First you don't know what killed Ajaokuta steel
Secondly CNG, electric car bla bla bla won't replace petrol anytime soon. Only kids and ignorant people think it will.
Finally dangote is a greedy wicked man but he isn't stupid or foolish he works with intelligent thinkers

So, anyone who writes an article about economic affairs means they don't have anything doing? What sort of myopic thinking is that?

People like you also believed that GSM will never replace telephones anytime soon.

Yes, he works with intelligent thinkers and that's why all his subsidiaries without monopolistic control couldn't survive.

Kiddo!

vanunu:



Time will tell who is right between you and the OP,

enjoy your Sunday.

Time doesn't tell anything. What with the electric car owners use to charge their cars? Where is the Natural gas for the CNG coming from? Or you think since Nigeria has huge gas deposits it will suddenly turn to CNG.

Op should go and do something useful

helinues:


My Stupidity can never reach the level of the collosal perennial loser

A la Obidient

SSFeedsNigeria:


So, anyone who writes an article about economic affairs means they don't have anything doing? What sort of myopic thinking is that?

People like you also believed that GSM will never replace telephones anytime soon.

Yes, he works with intelligent thinkers and that's why all his subsidiaries without monopolistic control couldn't survive.

Kiddo!

Electric car that is yet to replace petrol cars in developed countries
Let me even ask you, what do you know about CNG supply chain in Nigeria? Do you think Nigeria natural gas supply is enough for power companies talk less of mass production of CNG? CNG is not LPG ooo.

Monopolistic control still requires intellectual prowess to maintain.

SSFeedsNigeria:
Anyone who has been to Ajaokuta Iron and Steel complex will be bewildered at how massive it is. One can drive for several miles and still be inside Ajaokuta steel complex. It cost Nigeria billions of dollars to build this elephant project. The community also lost vast lands that could have been used for agriculture or other productive ventures.

Today, Dangote refinery is dangerously following in the paths Ajaokuta steel took many years ago. The prognosis is even looking much worse for Dangote refinery when you consider that Dangote refinery is being built very far away from its source of raw material unlike Ajaokuta steel that was built on the site of huge iron ore deposit.

Worse still, instead of building an average sized refinery, maybe 50,000bpd capacity, he chose to build the world's largest single train refinery in 2023! This poor decision shows that Dangote is far from being astute an businessman/investor as aclaimed. Aside having his ego massaged, Dangote hoped to monopolize Nigeria's downstream oil sector, same way he did with cement and sugar. But unfortunately for him, it has backfired.

If Dangote didn't allow greed to come over him, he would have built a 50,000bpd refinery and he would have completed it since. But that capacity won't give him the monopoly he wants so he ended up building a refinery that can't be completed.

Already, many countries, particularly in Europe, America and Asia are fast transitioning to electric cars. Nigeria has now removed the bureaucracy that made power generation unviable, so very soon, electricity is going to be constant. By then used electric cars would start flooding third world countries, including Nigeria. As if that isn't bad enough for the future prospects of Dangote refinery, gas is now more abundant, cheaper, cleaner and also receiving huge investments. Innoson had earlier converted over 10,000 vehicles in Benin to run on CNG and the company is also expanding on that project.

Now that it has overstretched its limits on borrowing, how would they be able to raise more funds to complete the refinery?


So, let's assume that Dangote refinery is able to come on stream by 2025, then where is he going to find market for its products? With the options for CNG and electric powered vehicles which are both traditionally cheaper, who will want to buy fuel again? Even household generators won't be needed again in the near future.

All these indications show that Dangote refinery is very likely going to end up moribond like Ajaokuta steel.

You got it wrong.Buhari and his partner idiagbon killed Ajaokuta steel rolling mills. They also destroyed iwopin paper mills and other industries that would have turned Nigeria to an industrial hub

XerXers:
We laughed at the abokki when he ventured into a business that is becoming obsolete. Worst still is his greed in trying to monopolize the sector. Once all bottlenecks are removed, small modular refineries will run him out of business, that is if he ever complete the white elephant project at all.

The enormous resources required to run such vast refinery can only be sustainable if it runs at full capacity.

Dangote isn't an astute investor as aclaimed, otherwise it would have been far more profitable to build 5 modular refineries around oil fields than one massive refinery that can't be completed or maintained optimally.

Again, he is driven by greed and monopolistic tendencies.

Zionmdde:

Time doesn't tell anything. What with the electric car owners use to charge their cars? Where is the Natural gas for the CNG coming from? Or you think since Nigeria has huge gas deposits it will suddenly turn to CNG.

Op should go and do something useful

OP APPEARS to be a sound ECONOMIST, while u are being dumb or tribalist which one

Have u seen a project commissioned and not yet in operation anywhere in the world?

07kjb:



OP APPEARS to be a sound ECONOMIST, while u are being dumb or tribalist which one

Have u seen a project commissioned and not yet in operation anywhere in the world?

Lol
So which tribe am I defending here?
Sound economist who doesn't know it takes how many billions it take to build a medium sized CNG plant. And that Nigeria doesn't even have enough supplies to generate power. So where is the soundness here?

adecz:



People don't realize how dangerous
gas powered vehicles are.

After one or two gas powered cars
explode with engers, our brains go
reset back to petrol.

Dangote's problem is that he focuses
too much on bribing government officials
To give him unfair advantage over competitors.

On his own, Buhari was focused on putting
all the nation's wealth in the hands of
Muslim northerners. Oil, Ports, Customs,
Immigration, Finance, Airways, Agriculture etc.
and they obliged him by stealing trillions,
unchallenged❗️❗️

E no go ever better for Buhari and his
coming generations for the poverty he unleashed on this country🇳🇬🇳🇬🇳🇬

You people and conspiracy theory this how you guy's will be talking anyhow on what you've not used before how many Motor don explode for Benin using Gas...


Even Ghana that all derr Taxi are using the Normal Gas how many time he don explode....


Nigeria is the one country where you find Alot of people displaying dere ignorance with confidence they talk with boldness on what they've not even used before.....


Na Nigeria you go dey see jobless person advicing who's employed...

mrvitalis:

You are obviously not an engineer to type this thing

First as long as the guidelines are followed I don't see any problem... Your petrol is converted to gas before it can combust

People have been using hydrogen to power cars yet no explosion

Hydrogen is even far more dangerous than propane ,ethane or methane gas they might use

SON should step up and do their work

More over they have been using it for years in Edo state.. For over 5 years now... No trouble

Just leave the guy Nigeria is one country where you see someone talking with boldness on what he or she have never used before...


You will see Jobless person advising who's employed....


Someone wey no get ordinary bicycle talking about Car safety....



All Taxi in Ghana most of them uses the Normal cooking Gas and av never hear of any explosion...


The rate at which people showcase stupidity in this country is so much....

Zionmdde:

Electric car that is yet to replace petrol cars in developed countries
Let me even ask you, what do you know about CNG supply chain in Nigeria? Do you think Nigeria natural gas supply is enough for power companies talk less of mass production of CNG? CNG is not LPG ooo.

Monopolistic control still requires intellectual prowess to maintain.

Again, did GSM replace telephones immediately or it happened gradually?

By asking whether our natural gas supply is enough to supply power companies shows you're not informed. FYI, Nigeria is more of a gas nation than even crude oil. Our crude oil will only last about 30 years at current production, if there is no more discoveries. But gas will last far more than that.

Gas is the future while petrol is in the past.

Gajagojo:


When was the last time you had a job?

Ignorant minds like you celebrate jobs. Anyways, what will someone like me do with a job when I already have people like you working for me.

SSFeedsNigeria:


Again, did GSM replace telephones immediately or it happened gradually?

By asking whether our natural gas supply is enough to supply power companies shows you're not informed. FYI, Nigeria is more of a gas nation than even crude oil. Our crude oil will only last about 30 years at current production, if there is no more discoveries. But gas will last far more than that.

Gas is the future while petrol is in the past.

Now I know what is giving you ideas
Nigeria has more gas reserves? Yes
But what of gas production? How much gas are u producing? Ok what of gas distribution network? Or don't you know natural gas has no storage. It has to be consumed as it is produced. If you tell me it will take 30years to achieve I will nod a little, but comparing dangote refinery with Ajaokuta steel is way way off.

Now tell me how many trillions it will take to build CNG plants and pipelines that will feed the entire demand for the country? And who wants to do that investment to increase gas production

inoki247:



You people and conspiracy theory this how you guy's will be talking anyhow on what you've not used before how many Motor don explode for Benin using Gas...


Even Ghana that all derr Taxi are using the Normal Gas how many time he don explode....


Nigeria is the one country where you find Alot of people displaying dere ignorance with confidence they talk with boldness on what they've not even used before.....


Na Nigeria you go dey see jobless person advicing who's employed...

You've forgotten that in Nigeria, kerosene
sef dey explode inside house, roast people.
Na gas una wan play with for car, wey our
roadside mechanics go work something out.

I hope you try it and carry your family travel.

Good luck.