NewStats: 3,262,013 , 8,175,877 topics. Date: Saturday, 31 May 2025 at 02:40 PM 1e84e

Drealpal:
please guys please don't just scroll . please I beg you in the name of almighty GOD pls someone should please help me, my little sister and I we are starving. Please help us the last time we ate a good food was from our neighbor on Thursday last week. Since then we have surviving on drinking garri since on Friday and the garri we use to have hope has finished. the little money I have I used it to pay for house rent so that we can at least have roof over our head. am pleading for help please, not for my sake but for kid sis please am a primary school teacher and a house painter, our mom is late and my dad has retired. No matter how little it will go a long way to help us. May GOD in heaven come to your aid as you have come to ours. amen
opay
70 42 32 80 59
M.A

you ed this today and you expect people to be gullible enough to believe you.

Lithiumite:


Spot on!!

alot wont take what he said seriously but that the absolute truth

DeepSight:
Rule Number 1 - What goes up in Nigeria never comes down

This one must cum down, we have reached the orgasm of pain

Odichibaby:

Na unner dey cause am becos of this mindset.

Brain must be paining you..
So mindset use to cause something?

Some enemies of Nigeria keep saying price won't drop...Why are you lots so Evil??

The price of petrol has reduced already in my area. Although marginal, it reduced from N1,200 to N1,130.

FuckTheMod:


What goes up in Nigeria never comes down except STANDARD OF LIVING

Ok but since I've been born I've never seen the standard of living improve by any measure. To be frank, the decline has been steady. But when it comes to cost of living and dollar rate, they stay up

/
They need investigative journalists in that country to ensure that midnight tankers are not bringing in the fuel they are dispensing during the day.

For a country where politicians use tankers to deliver water for commissioning boreholes, I have serious doubts about this news. Waiting for Onanuga to issue a disclaimer next week.

/

Tajbol4splend:
Get yourself busy, don't let petrol pump price determine your fate, there's much money in getting busy, as a seller, there's a lot of money in today's Nigeria market, if you keep wailing and doing nothing, you will continue to suffer more than before

The people's purchasing power has been massively eroded so you're just not making any sense.

You obviously haven't done any serious business in your life before to say this rubbish.

Fortune109:
Some enemies of Nigeria keep saying price won't drop...Why are you lots so Evil??

There's no reason for people to be optimistic because fuel price even went up after Dangote refinery started operations.

You're the evil lot here.

Meanwhile Tinubu till 2039

Kukutente23:
This people don carry Dangote handicap

See how Nigeria is using $20bn refinery play draught

Chai! Naija

So the court case Dangote instituted to stop importation and get local crude is dead as dodo suddenly

Najia na cruise make I nor lie

Who told you he’s going to lose? Is Nigeria the only viable market he’s selling to? Also, who told you he can’t compete profitably here in Nigeria even if there are more refineries?

Wickedlywicked:

Who told you he’s going to lose? Is Nigeria the only viable market he’s selling to? Also, who told you he can’t compete profitably here in Nigeria even if there are more refineries?

Eehen
How is he going to get crude if NNPCL will supply their refineries instead

The government has really played Nigerians for the fools they are. Why do you think all this refineries are suddenly coming on stream? It's because they have set the price within the region of what they want. The price will never go down even with all these refineries suddenly coming on board. Kyari said so himself.
Our fuel prices will remain high despite the fact that we have the raw materials right here with us.
Nigerian politicians are the devil's favorite children on earth.

Instead of trying to sound smart and failing miserably..

..Give us 3 cogent reasons why the price will drop.

You that understand economics yet don't understand that continuing to borrow billions of dollars without generating massive non-oil exports to boost our foreign exchange revenues is nothing more than a Ponzi scheme.

Whatever NNPC is doing with our refineries will never impact the common man because it is riddled with corruption.

INTEGRITYA1:
The price will sure reduce with time , not necessarily immediately but In the long run.

If you don’t understand Economics, is not my fault.

What might not reduce the price of the fuel in port Harcourt refinery is the high exchange rate of 1,750 naira to a dollar ..because it's the high exchange rate of 1750 naira to a dollar causing Dangote refinery fuel to be expensive...but since this refinery belongs to the federal government the federal government can use a lower exchange rate of 600 naira to a dollar to purchase crude oil from NNPCL ..which will reduce and bring down the price of fuel and other petroleum products from the Port Harcourt refinery

Kukutente23:

Eehen
How is he going to get crude if NNPCL will supply their refineries instead

Having a refinery doesn’t stop the sales of crude internally. Also, Dangote and all interested individuals are at liberty to enter into the competition and source for their crude from whichever country/places they want. Chevron alone, a private entity owns more than 3 refineries in the US and the US, with his multiple government-owned refineries, still imports crude oil from other countries. The market is bigger than you think

ufotunang:
What might not reduce the price of the fuel in port Harcourt refinery is the high exchange rate of 1,750 naira to a dollar ..because it's the high exchange rate of 1750 naira to a dollar causing Dangote refinery fuel to be expensive...but since this refinery belongs to the federal government the federal government can use a lower exchange rate of 600 naira to a dollar to purchase crude oil from NNPCL ..which will reduce and bring down the price of fuel and other petroleum products from the Port Harcourt refinery

Why should the FG be purchasing what’s locally sourced with the USD and from a Nigerian, government-owned parastatal? Can you shed more light pls?

Wickedlywicked:

Having a refinery doesn’t stop the sales of crude internally. Also, Dangote and all interested individuals are at liberty to enter into the competition and source for their crude from whichever country/places they want. Chevron alone, a private entity owns more than 3 refineries in the US and the US, with his multiple government-owned refineries, still imports crude oil from other countries. The market is bigger than you think

Are you aware Dangote was wailing because he was asked to buy crude from the international market?
What can give Dangote market advantage is to buy crude cheap in Nigeria and sell at the international market

Kukutente23:

Are you aware Dangote was wailing because he was asked to buy crude from the international market?
What can give Dangote market advantage is to buy crude cheap in Nigeria and sell at the international market

Why should anyone be allowed to buy cheap in the first place?. The point I’m driving home is that his multibillion dollars investment is not being threatened out of business. He was only wailing because his excessive profit/greed would be checked. He should the competition and keep his price competitive. He should buy cheap and sell cheap in local currency and he’s at liberty to sell high if he decides to buy high from abroad . Competition breeds peace and it’s we the final consumers that should be yearning for it.

Wickedlywicked:

Why should the FG be purchasing what’s locally sourced with the USD and from a Nigerian, government-owned parastatal? Can you shed more light pls?

.. NNPCL is now a private company..a limited liability company..the federal government does not have direct control on the operation of the NNPCL and how the NNPCL runs the company and bussinesses in the company..the federal government does not fund the NNPCL anymore because they are now a private company..so NNPCL do their own bussinesses inorder to generate money to fund and run the company and make profit and pay tax to the federal government..so the aim of NNPCL now is to make profit inorder to generate revenue to run the company and pay tax to the federal government.... google more about NNPCL and you will get more information about NNPCL

Wickedlywicked:

Why should anyone be allowed to buy cheap in the first place?. The point I’m driving home is that his multibillion dollars investment is not being threatened out of business. He was only wailing because his excessive profit/greed would be checked. He should the competition and keep his price competitive. He should buy cheap and sell cheap in local currency and he’s at liberty to sell high if he decides to buy high from abroad . Competition breeds peace and it’s we the final consumers that should be yearning for it.

So if NNPCL gives cheap crude to its refinery while Dangote has to go buy crude in international market, how will he be able to compete

givedemwotowoto:
Venezuela has the largest oil reserve in the world with only about 15% of Nigeria's population, yet 90% of their population lives below poverty level.

Nigeria is long gone, but many people don’t realize it yet. Keep playing crude tribal and religious politics

If Nigeria was on the kind of sanctions Venezuela is currently, it would have turned into dust

larryUG:

It has started working. No need to argue what you are not sure of. If you want to tomorrow, I can arrange a gate for you to enter

Alright bro, if you say so. I didn't see much activity when I ed there today.
It will be extremely great for Nigerians if the refinery actually succeeds.
The price of fuel and other commodities will definitely reduce.
2025 looks promising already.

How will price drop when it’s all propaganda…
Let’s see how long they can sustain this lie…

skywalker240:

If Nigeria was on the kind of sanctions Venezuela is currently, it would have turned into dust

Nigeria was under similar sanctions during the Abacha government. The government still managed to embezzle billions of dollars under these sanctions but Nigeria didn’t turn to dust.

ufotunang:
.. NNPCL is now a private company..a limited liability company..the federal government does not have direct control on the operation of the NNPCL and how the NNPCL runs the company and bussinesses in the company..the federal government does not fund the NNPCL anymore because they are now a private company..so NNPCL do their own bussinesses inorder to generate money to fund and run the company and make profit and pay tax to the federal government..so the aim of NNPCL now is to make profit inorder to generate revenue to run the company and pay tax to the federal government.... google more about NNPCL and you will get more information about NNPCL

You are getting it wrong my brother. It was transformed into a limited company in order to maximize profits and to not fully turn it into a charitable organization in the form of subsidy because no country can survive on subsidizing everything for its citizens— it’s just not feasible for a country as big as Nigeria (population-wise). The NNPCL is still a state-owned corporation. The federal government of Nigeria still has the largest shares in the company. Fully selling it into private hands was what Atiku proposed but believe me, that won’t happen. It’s never going to be a fully private-owned entity

Kukutente23:

So if NNPCL gives cheap crude to its refinery while Dangote has to go buy crude in international market, how will he be able to compete

He will be forced to sell at COMPETITIVE prices and I’ve said this a million times. We the masses are the ones winning here. Dangote will still make his money, it’s only that his fat profit margin would shrink. Other countries have multiple refineries competing with the state-owned ones and none is forcing the other out of business. So we shouldn’t have our own refinery because one man had decided to build a private one for himself?

Wickedlywicked:

He will be forced to sell at COMPETITIVE prices and I’ve said this a million times. We the masses are the ones winning here. Dangote will still make his money, it’s only that his fat profit margin would shrink. Other countries have multiple refineries competing with the state-owned ones and none is forcing the other out of business. So we shouldn’t have our own refinery because one man had decided to build a private one for himself?

Countries that have refineries along with state owned ones either have those exclusively for export like Nigeria had with PH refinery 2 or they are built to add to the country's reserve
There's no way Dangote will be able to compete in the local market if he's not getting cheap crude from Nigeria. Were you not here when he was complaining about having to get crude from abroad

TheRealestGuy:


The people's purchasing power has been massively eroded so you're just not making any sense.

You obviously haven't done any serious business in your life before to say this rubbish.

You know my advice for you?

Sit down and do nothing and let's see how that works for you

Kukutente23:

Countries that have refineries along with state owned ones either have those exclusively for export like Nigeria had with PH refinery 2 or they are built to add to the country's reserve
There's no way Dangote will be able to compete in the local market if he's not getting cheap crude from Nigeria. Were you not here when he was complaining about having to get crude from abroad

At this point, i won’t be able to help you. Again, he has no right to be getting it CHEAP in the first place. Now ask yourself, what have you been benefiting from the cheap ones he’d been getting? Are we buying cheap from him? He was only lamenting because he will no longer be able to go home with humongous profits. Crude oil is not cheap anywhere and selling to him cheaply would mean Nigeria is subsidizing it. Lastly, Nigeria is not his only market and he still remains the one and only private refinery Nigeria has as at today. Many other countries have nothing less than 10 different private refiners and the national ones are not impeding their production/sales. His destiny is not tied to the Nigerian crude oil.
Point to note: while getting the Nigerian crude oil cheap, was it reflecting on the general market? Are you getting it cheap? What’s even the difference btw his and the one imported from abroad?

Wickedlywicked:

At this point, i won’t be able to help you. Again, he has no right to be getting it CHEAP in the first place. Now ask yourself, what have you been benefiting from the cheap ones he’d been getting? Are we buying cheap from him? He was only lamenting because he will no longer be able to go home with humongous profits. Crude oil is not cheap anywhere and selling to him cheaply would mean Nigeria is subsidizing it. Lastly, Nigeria is not his only market and he still remains the one and only private refinery Nigeria has as at today. Many other countries have nothing less than 10 different private refiners and the national ones are not impeding their production/sales. His destiny is not tied to the Nigerian crude oil.
Point to note: while getting the Nigerian crude oil cheap, was it reflecting on the general market? Are you getting it cheap? What’s even the difference btw his and the one imported from abroad?

Your points are well taken but like I said, if he doesn't get cheap crude, he faces a problem with competitive pricing. You can recall that marketers said that they find imported products cheaper than his. How does that happen? Is it due to his greed or due to the fact that factors of production are cheaper for those refineries.
The word cheap does not necessarily imply cheaper price as you think but favourable conditions.
Dangote said if he wants to buy Nigerian crude from trading firms, they sell at $4 above market price. This coupled with the cost of getting dollars to pay them increases his input cost.
That's what birthed the naira for crude initiative. If that initiative is closed, Dangote has to go back to the trading firms he complained about