NewStats: 3,261,920 , 8,175,555 topics. Date: Saturday, 31 May 2025 at 04:11 AM 6m125v

Alhamdulillah...
We're going to earn an electric ride soon.

To use 4500 megawatts 😁😁😁😁 to service 200m people

Nah body go tell dem Chinco Electric vehicle in a country where the whole generated power is not even up to what a state is generating in SA. The only solution here is hybrid. Anyways Solar powered charging station will make sense in ABJ and Lag (Island)

APC with delusive and eloborate publicity!

Bestli5:
Make I go dey open charging centre

See as national grid dey laugh you.

SeeWahala:
Jokers in government

We have had crud oil decades yet we have no internal combustion engines vehicle manufacturing plants in the country

Now you want to build electrical engine vehicles while THERE IS NO POWER TO RECHARGE THE FREAKING CARS

Someone above said he want to open charging centre, in a country with epileptic power.

A welcome development. Those wilth foresight will cash in on this by diversifying their portfolio. One thing is very clear, EV is the future

The problem is not using electric cars the problem is to expensive electricity to charge it even the senate house and Aso rock they complain.

where dem dey PRODUCE before?

Funkyswagzz:
Nigeria is gradually becoming china dependent. It's a shame these morons allow china to monopolize everything. The amount of rip off china is exploring unopposed is overwhelming

Oh, for goodness sake’s.

The exploitative relationship you have had with the west for donkey years, you never complain once about it.

In fact the more they rob you, the more you love them.

China that is building infrastructure in your country for 1/4 of what the west would charge, are the ones you think are robbing you.

Colonial mentality on steroids.

That’s why they gave you a fake non existent white “saviour” to worship, because they knew you would overlook their brigandage once you regard them as your “Lord and Saviour”.

SeeWahala:
Jokers in government

We have had crud oil decades yet we have no internal combustion engines vehicle manufacturing plants in the country

Now you want to build electrical engine vehicles while THERE IS NO POWER TO RECHARGE THE FREAKING CARS

Na grass u take deh charge your phones and laptops and smart watches and earpods?
If no... Use that same thing wen u deh use charge them take charge the car too

We must ensure Nigerians are employed. Employment is one benefit a nation enjoys when investment are cited in it, this creates multiplier effects that leads to prospering of the people. Nigerian government should ensure Nigerians are employed in managerial levels as well, high paying position not just as labourers.

ceejayluv:

Dangote Will still sell and export... With the current exchange rate, the new vehicles won't be affordable for the middle Class.

If Dangote really needed just to refine and export only , he wouldn't site his project in Nigeria... There are extra cost doing business in Nigeria, there is a large bereaucracy and a large mentally of "pull him down syndrome"..

He needs the naija market as much as he also aims for export... We have competitive advantage in the use of fossil fuel to power our lives.. let's not allow china with it's insatiable determination to dominate every nation derail our own very need

bigpicture001:
They want to kill Dangote refinery..?

China will floood your country with cheap cars and batteries including charging stations. And effectively make u a non fossil fuel .. all just to shore up sales of it's EV and bring back money to main land china

No one is killing anyone....
As much as they have electric cars in western countries, have they stopped using fossil fuel??

USA have tesla... Don't they use fossil fuels for cars there as well?? U guys should stop trying to see problems where there is non

bigpicture001:
They want to kill Dangote refinery..?

China will floood your country with cheap cars and batteries including charging stations. And effectively make u a non fossil fuel .. all just to shore up sales of it's EV and bring back money to main land china

That's why many EU and North American countries were careful with allowing China to enter their market. Hope FG is calculative enough.

adenigga:


Source: https://punchng.com/fg-grants-china-approval-to-establish-electric-vehicle-factories

People that hate Good news won't be happy about this.

As far as I know China doesn't take bribes to conduct business aboard which is a norm in Naija. Back in their country fraudulent business activity/corruption is dealt with very severely.

Basicend:


That's why many EU and North American countries were careful with allowing China to enter their market. Hope FG is calculative enough.

They don't oo.. Al they think of is Chinese slavery employment... Which in this country can testify working with good pay and work relationship in any Chinese firm in the country..?

Anyone should say it here

Olachase:
as the Dangote day now self wetin you they benefits from him, no be still your Tax Buhari give ham to build the refinery 😏😏

Buhari is the banks that gave him syndicated loans 12 years ago as part of the fuel market deregulation that APC frustrated as they played politics with our wellbeing just to force their change down our throats, when they only had shege in mind

agbameta:
[Wednesday, September 04, 2013

Dangote Industries Limited will today sign a loan agreement with a consortium of both local and international banks to the tune of $3.3billion for the purpose of constructing the biggest Petroleum Oil Refinery & Petrochemical/ Fertilizer Plants in Nigeria.

The plants, which will cost a total of $9 billion will generate up to 9,500 direct and 25,000 indirect jobs, in addition to reducing current volumes of refined fuel imports by around 50 per cent and effectively stopping the importation of fertilizer.

The USD9billion project will be financed by USD3billion equity and USD6billiion loan capital. Today’s g ceremony commits the first tranche of loans secured by Dangote, comprising a USD3.3billion term loan facility ed by a consortium of 12 local and international banks. This first facility was tly co-ordinated by Standard Chartered Bank as the Global Coordinator, and Nigeria’s Guaranty Trust Bank PLC as the Local Coordinator.

With the refining capacity expected to reach 400,000 barrels of crude oil per day and producing a variety of refined fuel products from local crude resources, Nigeria will cut its current volumes of imported fuel products by a massive 50 per cent. The 2.8 million tonnes of urea will be channelled into growing the local agriculture sector which is essential in producing healthy crops and promoting Nigeria and West Africa’s agricultural development. The Petrochemical plant will produce Polypropylene which is a common component of most plastic and fabric products, for example it is used in various forms of packaging, ropes and agro-sacks.

President of Dangote Group, Aliko Dangote said: “This plant will further entrench Africa’s role on the global map as not only a valued contributor for natural resources, but also a competent manufacturer of refined products and fertilizer. As a result, several African nations will be less reliant on importing fuel and fertilizer from foreign markets, reducing the negative impact of negotiating within increasingly turbulent international markets.”

In the same vein, CEO of Standard Chartered Bank in Nigeria, Ms Bola Adesola, added: “Standard Chartered is proud to the Dangote Group in a project which will significantly boost Nigeria’s economic productivity and create valuable jobs with specialist skills from key growth sectors. This project is an historic example of self-empowerment and leadership for the continent as a whole – and is made possible through effective partnerships between the Nigerian private sector, Government and international financial institutions. Standard Chartered remains committed to being here for good in Nigeria, and the region.”

Managing Director of Guaranty Trust Bank PLC, Segun Agbaje said: “this is the largest syndication by Banks in Nigeria and it is being undertaken with the knowledge that the successful implementation of Dangote Refinery and Fertilizer project will have far reaching implications for Nigeria’s economic growth”

Segun Agbaje further stated that GTBank is very proud to be associated with Dangote Industries on this landmark project and praised its Chairman; Alhaji Aliko Dangote for his steadfastness, hard work and genuine desire to see remarkable economic improvement within the country

The Dangote Group’s main revenue and profit contributor is Dangote Cement Plc (D), the leading integrated cement producer in Sub Saharan Africa and largest company on the Nigerian Stock Exchange. Given the cement subsidiary’s strong market share along with its higher profit margins, D has been able to maintain a robust financial position, and thus assist in leveraging the Group on a conservative basis to undertake expansion projects on this large scale.

Other participating banks are Access Bank PLC, Zenith Bank PLC, Ecobank Nigeria Limited, Fidelity Bank PLC. First Bank Nigeria Limited, Standard Bank of South Africa Limited, UBA PLC, FirstRand Bank, First City Monument Bank PLC and Diamond Bank PLC.

http://www.proshareng.com/news/20882.html

Assemble or produce from ground up? No power no conducive atmosphere.

Globad:
Why the Minsitry of Solid Minerals and not Trade and Investment?

Lithium is a mineral resource, they will work with the ministry of trade & Investment for ease of doing business.

We should be inviting the US, not China. Trump had a mineral deal with Ukraine. They need rare earth metals. We will get a better deal with them, not the oppressive Chinese. Will they employ our Engineers? Will they give their IP just like they force other companies who set up factories in their country to do? We have the population, we have oil. It's time we begin to use those leverages. We may have lost our position as the biggest economy in Africa, but we still have the largest black population. Our leaders have to be smart in making these deals. Make Nigeria great again, MANGA!

Rossikk:


Oh, for goodness sake’s.

The exploitative relationship you have had with the west for donkey years, you never complain once about it.

In fact the more they rob you, the more you love them.

China that is building infrastructure in your country for 1/4 of what the west would charge, are the ones you think are robbing you.

Colonial mentality on steroids.

That’s why they gave you a fake non existent white “saviour” to worship, because they knew you would overlook their brigandage once you regard them as your “Lord and Saviour”.

Who said that I what the west is doing to Africa in general.. hmmm this guy is a joker. Listen I do business with China and I know what am talking about. Would it provide job yes it will but the dependency and deficiency in local production will be monopolized by china. At the long run your naira will be worthless cos you are not productive. Do you think you natural resources will be able to compete?

Neyesho1:

You have insight, people need to reinvent themselves to take advantage of the Renewed Hope Agenda

how have you reinvented yourself and taken advantage of the "Renewed Hope Agenda"?

This is a welcome development and the cars won’t be build for a nigeria only, but to export to other countries. Nigeria earning some income through duty.

oz4real83:
They should mass produce solar power equipments in Nigeria, that will go a long way to solve power problems in the country

And you think the useless so-called leaders would do that?

Since I was born I haven't seen any meaningful project these people have done that has benefited the masses.

A country without stable electricity want to partner china on EV.
Have you people forgotten what the minister of power said of recent? That it will require 10b yearly for 20years for Nigeria to have stable electricity.
Many Nigerians really have short memory.

A country without stable electricity want to partner china on EV.
Have you people forgotten what the minister of power said of recent? That it will require 10b yearly in 20years for Nigeria to have stable electricity.
Many Nigerians really have short memory😭😭

Neyesho1:

You have insight, people need to reinvent themselves to take advantage of the Renewed Hope Agenda

Renewed Hoplessness.
1 usd = 1,680

Thu.nder F. una

SeeWahala:
Jokers in government

We have had crud oil decades yet we have no internal combustion engines vehicle manufacturing plants in the country

Now you want to build electrical engine vehicles while THERE IS NO POWER TO RECHARGE THE FREAKING CARS

Cry well well. Good news make you weep, so weep well well

saintopus:
Establish phone manufacturing company and teach our citizens to manufacture mobile devices

If they teach your citizens, they will still japa and run away...yinmu