Dangote's daughter is a split image of her father. What a striking resemblance. I wish she also possesses the business IQ of the great man. Apart from being at the peak of Africa's wealthiest for more than a decade now, Aliko's unique attribute is his belief in the untapped investment and business potentials within Nigeria and Africa. He does not own a single residential mansion abroad or even in Abuja, despite his wealth. He owns two only: one in Lagos, Western Nigeria, and another in his home state of Kano in Northern Nigeria. That is how humble, reserved and unflambouyant this man is. What an exemplary businessman and Black man.
To be honest, I'm not excited about this Dangote Refinery yet, knowing how much those who control things in this country have no regard for the common masses, something tells me this new development wouldn't really favour the masses the way we hope it would. It's either NNPC stalls distribution of the fuel and we keep buying it at N900/ltr and above for a while or it comes down to N750/ltr, which is still expensive
You mean the smuggling of petrol across our national borders in tankers, but certainly not crude-oil theft. It is only Peter Obi as president that will stop the latter.
The question to ask Mr Aliko Dangote is that was it the Federal Executive that determines the price at which he sell his cement to the public. We are waiting to be exploited as usual.
If you listen to the documentary carefully you will hear when Alhaji Dangote said that it is in the arrangement or naira to naira agreement. Crude oil is a global business. This business is done basically on dollars or local currency at exchange rate of that currency. If Dangote is to buy crude oil from NNPCL he need to look for dollars. And NNPCL have crude oil and we can sell in dollars or naira at the exchange rate. After selling crude oil in dollars NNPCL need dollar to import refined petrol. Since Dangote deem it fit to build this refinery in Nigeria and NNPCL is selling crude oil. NNPCL had a meeting with Dangote agreed to sell crude on naira to him at the current exchange rate this will save Dangote from looking for dollars but putting it in that agreement they will only be the sole buyer from him and he agreed. This will reduce the pressure on FX. Don't forget it will be sold to Dangote the same amount they sell it abroad but in ñaira at the current exchange rate oo not that it will be cheaper for Dangote. Crude oil per barrel now is $87/barrel. And currently naira to dollar is 1600. Instead for Dangote to pay $87 he will pay 87x1600=139000 in naira. With this value petrol is just one component of this crude oil and it's 0.7. 0.7/139000 is 1,129 in naira. Cost of production of petrol is 1,129. If Dangote produces petrol at 1,129naira, how much will you expect him to sell it. Don't forget as NNPCL is importing petrol their landing cost is 1300 and they were selling it 600 before, it means they subsidizing 700naira. The main issue is that dollar is 1600naira. This is the problem this govt create for devaluing naira. Because last year when naira was not devalued cost of production of petrol was 312naira.
They have been giving us "urine quality" of gasoline and diesel before now to destroy the engines of our vehicles and machineries while emitting poisonous carbon into the air we breathe. Wicked NNPC.
If Nigeria were to be a serious NATION and is been governed by people with GOOD HEADS on their necks, no top management cadre of the incompetent and corrupt nnpcl would remain in office as we speak but alas the people who should do the needful are themselves swimming in IMPUNITY AND REVELING in unimaginable CORRUPTION. You go around the world and see the way sane and responsible government run the affairs of state, you begin to wonder if those running Nigeria's affairs are human beings or just ANI MALS IN HUMAN SKINS (credit to Fela Anikulapo Kuti). Big sigh!!!
I am still wondering why Nigerians are happy over bargained investments while FG has failed,this won't change anything in petroleum corruption besides it just started
nnpc are the ones that tell them how much to sell cause they are the only buyers allowed to buy from dangote, they dont allow him sell to Nigerians directly thats why he said price is not his power
The scarcity is likely intensional to introduce the new price of petrol. The is human/ masses management. Can you imagine the uproar if there was no fuel scarcity and the price was increase with over NGN 300.
I said this when people were fighting for Dangote. The price will never come down. It does nothing for the common man. But people said I’m enemy of progress. They swore it will come down. Now you can all hear. The day Nigerians will have sense may never come tbh
So as it stands; NNPCL is responsible for the current scarcity of Petrol and the suffering of Nigerians. Dangote Refinery has Petrol ready to supply to the market, but NNPCL is stalling supply at the moment. Thank you Dangote for maintaining International best practice 🙏🙏
That is why we can ever move forward in this country you can never come out straight.....what do you mean u can say anything about pricing..?..why not say this is the amount u are selling out then it is left to NNPC to determine the price nonsense
@michaelusman4570.... So if you produce something and you pass it on to someone else to sell are you the personal responsible for determining the price?
@@michaelusman4570 I read your comment. If nnpc is the one that is going to be selling it to the consumer, what difference does it make what price he sells at it when you are purchasing it directly from him? Please explain it to me.
@@rolio9775 ok. If he opens up on the amount he sells to NNPC then we now know if the price of 897 is okay or on the high side…. But for him to say he can not say anything about the price he’s agreed but can’t he also tell Nigerians how much he gave the product to them? What we lack in this country is transparency and for as long as that is missing Nigeria will continue on the same track.
Our interest must be protected yes but is it Mr.Dangote or the Government should?u guys are still finding ways to discredit the Man for patriotism who is more patriotic Mt Dangota who spent his money built his refinery while other millionaire Nigerian uses their wealth otherwise.Yusuf Bomborlai Freetown
The best revenge to all those that hate the IGBOS is our collective successes and our good intentions/hard work. IGBOS do not have to say anything to the haters. IGBOS do not have to acknowledge them at all. IGBOS, wake up every morning and be the best that you can be and that then will shut them up! IGBOS FOREVER! WE ARE THE IGBOS WORLDWIDE!
Well done Alh Dangote. In Nigeria, you have to prepare for uncommon resistance to sustain your business operations. Kudos also to the Dangote refinery team , and stakeholders. 🎉💚🇳🇬🙏🏼🕦
Its now that Nigeria is actualizing its name congratulation to Dangote group and Nigeria in General.
Well done and congratulations to the dangotey Refinary team .all the best to the people of Nigeria.
Dangote's daughter is a split image of her father. What a striking resemblance. I wish she also possesses the business IQ of the great man. Apart from being at the peak of Africa's wealthiest for more than a decade now, Aliko's unique attribute is his belief in the untapped investment and business potentials within Nigeria and Africa. He does not own a single residential mansion abroad or even in Abuja, despite his wealth. He owns two only: one in Lagos, Western Nigeria, and another in his home state of Kano in Northern Nigeria. That is how humble, reserved and unflambouyant this man is. What an exemplary businessman and Black man.
This is a massive achievement to the Nigeria, Nigerians and the Dangote group!!! Congratulations to we all!!!😊❤❤❤
Congratulations...Dangote and Nigeria...!
I am so glad to hear this , God bless him for me abundantly
Araise is on their way to one million subscribers Weldon arise ❤❤❤ lov u guy's plentie
To be honest, I'm not excited about this Dangote Refinery yet, knowing how much those who control things in this country have no regard for the common masses, something tells me this new development wouldn't really favour the masses the way we hope it would. It's either NNPC stalls distribution of the fuel and we keep buying it at N900/ltr and above for a while or it comes down to N750/ltr, which is still expensive
What form of deregulation is this ? Why should the NNPC control pricing for dangote
Finally Nigeria has achieved a victory of its own. No more oil theft.
You mean the smuggling of petrol across our national borders in tankers, but certainly not crude-oil theft. It is only Peter Obi as president that will stop the latter.
Well done Aliko Dangote
NNPC can never be ready ooooooo..
When they want to increase the price, they first make it scarce.
The question to ask Mr Aliko Dangote is that was it the Federal Executive that determines the price at which he sell his cement to the public. We are waiting to be exploited as usual.
It will certainly be better than importing fuel. Much more money will be circulating in the Nigerian economy.
This people forget that God own everything, including there souls, wicked people everywhere in Nigeria.
Dangote will be control by them and at the end masses will be accusing him.
Imagine Nnpc still controlling fuel for Dangote...
After increasing their pump price to 905..
Shameless set of people...
Problems with u guys is lack of education on the subject matters. You guys just love to come in public space and spew your ignorance.
I thought the market is now opened. Why is NNPCL still determining the price
I wonder ooo 🤷
If you listen to the documentary carefully you will hear when Alhaji Dangote said that it is in the arrangement or naira to naira agreement. Crude oil is a global business. This business is done basically on dollars or local currency at exchange rate of that currency. If Dangote is to buy crude oil from NNPCL he need to look for dollars. And NNPCL have crude oil and we can sell in dollars or naira at the exchange rate. After selling crude oil in dollars NNPCL need dollar to import refined petrol. Since Dangote deem it fit to build this refinery in Nigeria and NNPCL is selling crude oil. NNPCL had a meeting with Dangote agreed to sell crude on naira to him at the current exchange rate this will save Dangote from looking for dollars but putting it in that agreement they will only be the sole buyer from him and he agreed. This will reduce the pressure on FX. Don't forget it will be sold to Dangote the same amount they sell it abroad but in ñaira at the current exchange rate oo not that it will be cheaper for Dangote. Crude oil per barrel now is $87/barrel. And currently naira to dollar is 1600. Instead for Dangote to pay $87 he will pay 87x1600=139000 in naira. With this value petrol is just one component of this crude oil and it's 0.7. 0.7/139000 is 1,129 in naira. Cost of production of petrol is 1,129. If Dangote produces petrol at 1,129naira, how much will you expect him to sell it. Don't forget as NNPCL is importing petrol their landing cost is 1300 and they were selling it 600 before, it means they subsidizing 700naira. The main issue is that dollar is 1600naira. This is the problem this govt create for devaluing naira. Because last year when naira was not devalued cost of production of petrol was 312naira.
The pump price in benin is #990-1150
A landmark launch that puts
Nigeria on the map of the world
for creating and selling 'VALUE'.
We move...
So we can get such clear quality liquid golds and they have been giving us rubbish since life ..kiaaaa chayyy 🤦🏾♂️😢
They have been giving us "urine quality" of gasoline and diesel before now to destroy the engines of our vehicles and machineries while emitting poisonous carbon into the air we breathe. Wicked NNPC.
If Nigeria were to be a serious NATION and is been governed by people with GOOD HEADS on their necks, no top management cadre of the incompetent and corrupt nnpcl would remain in office as we speak but alas the people who should do the needful are themselves swimming in IMPUNITY AND REVELING in unimaginable CORRUPTION. You go around the world and see the way sane and responsible government run the affairs of state, you begin to wonder if those running Nigeria's affairs are human beings or just ANI MALS IN HUMAN SKINS (credit to Fela Anikulapo Kuti). Big sigh!!!
I am still wondering why Nigerians are happy over bargained investments while FG has failed,this won't change anything in petroleum corruption besides it just started
nnpc are the ones that tell them how much to sell cause they are the only buyers allowed to buy from dangote, they dont allow him sell to Nigerians directly thats why he said price is not his power
The scarcity is likely intensional to introduce the new price of petrol. The is human/ masses management.
Can you imagine the uproar if there was no fuel scarcity and the price was increase with over NGN 300.
You can't be more correct
Arise, can you change the background images of this show? Maybe some topical artwork or maps could be a welcome change.
The resemblance with daughter
Always #1
Why is NNPC determining the price? The price will not come down then. Nigerians need petrol price to come down please.
I said this when people were fighting for Dangote. The price will never come down. It does nothing for the common man. But people said I’m enemy of progress. They swore it will come down. Now you can all hear. The day Nigerians will have sense may never come tbh
So as it stands; NNPCL is responsible for the current scarcity of Petrol and the suffering of Nigerians.
Dangote Refinery has Petrol ready to supply to the market, but NNPCL is stalling supply at the moment.
Thank you Dangote for maintaining International best practice 🙏🙏
This is the time for fuel subsidy to be "truly gone"
That is why we can ever move forward in this country you can never come out straight.....what do you mean u can say anything about pricing..?..why not say this is the amount u are selling out then it is left to NNPC to determine the price nonsense
They are all the same 😢😢😢
@michaelusman4570.... So if you produce something and you pass it on to someone else to sell are you the personal responsible for determining the price?
@@rolio9775 did you read my comment?
@@michaelusman4570 I read your comment. If nnpc is the one that is going to be selling it to the consumer, what difference does it make what price he sells at it when you are purchasing it directly from him? Please explain it to me.
@@rolio9775 ok. If he opens up on the amount he sells to NNPC then we now know if the price of 897 is okay or on the high side…. But for him to say he can not say anything about the price he’s agreed but can’t he also tell Nigerians how much he gave the product to them? What we lack in this country is transparency and for as long as that is missing Nigeria will continue on the same track.
This whole thing doesn’t make any sense…why increase the price when we are concluding plans on importing fuel?
Something doesn’t seem right.
Why’s ayo so happy like it’s a national development? This a personal investment created to extract money from the people not to ease livelihoods
Of course Tinubu will take credit for this.
Mark my word once is dangote the imported fuel will be cheaper than his own his lucky
Our interest must be protected yes but is it Mr.Dangote or the Government should?u guys are still finding ways to discredit the Man for patriotism who is more patriotic Mt Dangota who spent his money built his refinery while other millionaire Nigerian uses their wealth otherwise.Yusuf Bomborlai Freetown
Patriotism over his own personal business and gain ?
The best revenge to all those that hate the IGBOS is our collective successes and our good intentions/hard work.
IGBOS do not have to say anything to the haters.
IGBOS do not have to acknowledge them at all.
IGBOS, wake up every morning and be the best that you can be and that then will shut them up!
IGBOS FOREVER! WE ARE THE IGBOS WORLDWIDE!
Well done Alh Dangote.
In Nigeria, you have to prepare for uncommon resistance to sustain your business operations.
Kudos also to the Dangote refinery team , and stakeholders.
🎉💚🇳🇬🙏🏼🕦