This means that the federal government of Nigeria is complicit in this mess because i don’t see why NNPC will continue to frustrate efforts to have stable and cheaper Petroleum in Nigeria is a shame. Why can’t the government sack everyone frustrating the efforts for us to have cheap petroleum
If NNPCL is facing challenges with importation and having high landing price while carrying debts of over $6b, why not open the market for major players to import to reduce the load on you? Listen, they don't want refineries working in Nigeria.. This is the gist..
Why will Dangote sell pms in dollars to NNPCl when you bought crude oil in Nira? this dangote refinery shouldn't be another monopoly after all he was amongst the importers in the past who benefited from the fraudulent system so now why cant he buy crude oil at NNPC $ price? Because the price will still remain cheaper than imported products because there is no cargo shipping, clearing and import duty charges anything shot of this is still cabals taking advantage of Nigerians
Dangote is playing sentiment on the mindset of Nigeria. If Dangote is denying that he did not sell PMS to NNPCL at certain amount, then he should tell us how much he is selling it otherwise he is not sincere
@@hopeivaivbunu6279 Obviously it is you that lack basic common sense. If he cannot say how much he sells to NNPCL, then he should stop disputing NNPCL claim and keep quite.
Solutions to the fuel problem in Nigeria is very easy, provided the players in the industry are willing to come true. Nigeria should extract enough crude to meet her international obligations and extract more for local consumption, which will go to Dangote for refining at a locally agreed price.
Wale well said let the government tell us the cost they are absorbing on locally produced PMS . I still believe the NNPC is not transparent on this matter of pricing.
NNPCL and Dangote kicking Nigerians about like football. Dangote knows that if he does not cooperate with the NNPCL, they will stop his crude supplies and he will be stuck with international importation, especially after Alhaji himself had promised heaven and high waters.
This nonsense that is going on between Dangote and NNPC LTD is absurd. Can't Dangote sell its products based on it's production rate? Is it so difficult to state an actual price? What kind of absurdity is this?
Both are not being sincere. NNPC needs to start by telling us how much they sold crude oil to Dangote and what currency was used for the transaction. Dangote need to tell us the cost of producing pms from the crude, so comparison can be made with what is obtainable elsewhere.
Why everyone want to know the price of dangote, did the nnpc tell us how much they have been importing!! Everyone knows what's happening! The oil cable which is at helm of affairs in the country should come out clean, and forget about their corruption, which is now totally been exposed by dangote.
NNPCL has never helped anybody with all their lies and shenanigans concerning fuel in Nigeria. Why are they celebrating the lifting of fuel when the cost is not known. To me, NNPCL is being used as a front because NNPCL does not own the filling stations because, according to the information, all the filling stations has been sold to another entity in an uncleared transaction.
Nigerians are at the mercy of Dangote who can decide to monopolize the market and set huge price for pms if he chooses to. Also, the NNPC being to supplier of crude oil to Dangote can blackmail the company to sell at higher price if the choose to, or do what is best for Nigeria and control the price to avoid Dangote monopolizing the market
If Dangote refused to disclose how much he sold his petrol to NNPCL, let NNPCL disclose how much they bought it. This discussion is meaningless and does not address any issue of importance. Our problem is with the currupt and disgraceful officials in charge of our oil resources. Pls put the problem where it belongs. You people are just trying to defend NNPCL and vilify Dangote. Dangote is a business man. It is NNPCL that should protect the interest of the public which it has refused to do. I bought a litre of petrol for #1,100 per litre at a filling station in Abuja as at today 16/9/24.
Dangote products are premium qualities. How much will it cost to buy same quality if imported? Also, how much was the crude oil sold to dangote, too? Let's know the whole thing since we're asking for transparency.
What is the role of NNPL in lifting, pricing and distribution of refined products from a private refinery,NNPL should go and see how they run or kickstart the other 4Refinery to work,what this fvck my people.
It can even be worst when NNPC is the sole buyer from the refinery. NNPC is a known corrupt institution and should not be allowed to monopolize purchase from the Dangote refinery. They should allow independent marketers into the market so that the system will be more transparent.
It may become worse as these independent marketers have union and agree on a harmoniszed price. That's why all these deregulation talk that market forces will determine the price is all "story for the gods"
In a country economy to allow an infant industry to grow, u give some opportunities like tax holiday, closing import inorder to grow. Base on what the newspaper editor says.
THE COST OF SHIPMENT, STORAGE AND CUSTOM CLEARANCE ARE SUBSTANTIAL. IF YOU NET OUT THIS PRICE FROM THE OVERALL COST OF PMS PER LITRE, THE PRICE PER LITRE OF PMS SHOULD COME DOWN. IF NOT, THEN SOMETHING IS WRONG WITH DANGOTE PRICING
The FGN is choosing to increase the price of fuel. It is a choice. There are many ways to make the cost less expensive without having to pay subsidies to importers. NLC and TUC should go on strike.
Babajide please get your facts right!!...Dangote did not sell PMS for N898 because it sold it to NNPC in rising dollars just the same way it bought crude from NNPC in dollars. It is a purely bilateral swap arrangement and this has nothing to do with the falling naira. Only NNPC as the sole regulator can pronounce a price for PMS in naira. Dangote cannot make a pronoucement or determine local pricing by law. When NNPC gets it's acts together to ramp up crude production and starts selling to Dangote in Naira the price will drop. Finally the dirty fuel imported will definately be cheaper than the cleaner Dangote fuel at first.
Make una dey sell us to private investors una hear ba so dangote na him be government china na parliament usA na presidency Arabian country are local government una go hear am
It look like everyone have lost the sense of Mathematics here.Please analysts give this maths to your child to solve. When we where buying fuel at aprox N165 we were told we subcidize yearly with 3 trillion. And now the price is above N900, that is 5x . Let us assume dollar rose from N600 to N1600 which is. 2.6x so please where is the subcidy again? If not astronomical gain and rip on Nigerian.
These people always think we are fools in Nigeria. This mañ in zoom is playing our intelligence. How can you be given a title of energy expert and be saying imported petrol is cheaper than locally produced petrol? The main issue here is govt has wickedly refused to pay subsidy and still devalued our lives through devaluation of our currency simple. Even when nnpcl begins its refineries with the current value of naira, nothing will come down in the price of petrol. The only fault Dangote have here is failure to dusclose the actual price he sold
With all due respect, Sir. Dangote Refinery is a "Monopolist" and want to dominate the fuel prices deliberately, causing confusion in this scenario. NNPCL have Dangote 30 million barrels of crude oil, and it's sold in naira. It's for NNPCL to come up with a consensus price as the regulator of oil and gas in Nigeria.
This means that the federal government of Nigeria is complicit in this mess because i don’t see why NNPC will continue to frustrate efforts to have stable and cheaper Petroleum in Nigeria is a shame. Why can’t the government sack everyone frustrating the efforts for us to have cheap petroleum
Mr. Babajide, kudos to you sir. Analysis on point.
Like Seriously..... NNPC and Nigeria Government are not Ashamed.... They're Shameless
Nnpcl are you not ashamed of going to buy petrol from dangote refinery?
When they have like 4 refineries. Wicked greed fools
@@dukeofcyprus big shame.
Enough of all this mess in Nigeria. Shame on federal government.
It's possible Dangote signed an oath of secrecy.
What is oath of secrecy?
He voiced out Malta blending refinery, IOC story and others
If NNPCL is facing challenges with importation and having high landing price while carrying debts of over $6b, why not open the market for major players to import to reduce the load on you?
Listen, they don't want refineries working in Nigeria.. This is the gist..
All this petroleum products problem requires direct approach to presidency who collaborating with nnpcl which is the main problem of this country
Lol...Tinibu is in control or NNPCL through Oando
Mr Jide why can't NNPCL allow refinary to work instead of buying refined oil from Dangote ?
Dangote is playing game with Nigeria 🇳🇬 dangote is a criminal
Lets just say free trade is not really as free a we all think
Poser: Why is NNPC not interested in running their own refineries? Why?
Lie upon lies in our country. We are all sitting on a keg of gun powder. What are we enjoying in this country??
I trust dangote more than nnpc. The same nnpc that refused to fix 4 refineries, while also sinking money into them
They will be exposed gradually one by one 😂😂😂
NNPC cabinet should be resolved
Birds of same feather
Why will Dangote sell pms in dollars to NNPCl when you bought crude oil in Nira? this dangote refinery shouldn't be another monopoly after all he was amongst the importers in the past who benefited from the fraudulent system so now why cant he buy crude oil at NNPC $ price? Because the price will still remain cheaper than imported products because there is no cargo shipping, clearing and import duty charges anything shot of this is still cabals taking advantage of Nigerians
Dangote is playing sentiment on the mindset of Nigeria. If Dangote is denying that he did not sell PMS to NNPCL at certain amount, then he should tell us how much he is selling it otherwise he is not sincere
Don't you have Sense ? Do you want the cable to grind down is business.
@@hopeivaivbunu6279 Obviously it is you that lack basic common sense. If he cannot say how much he sells to NNPCL, then he should stop disputing NNPCL claim and keep quite.
@@hopeivaivbunu6279you can pass your point or critique kay without insults. Everyone is entitled to their Opinion
Dangote said they didn't buy crude from NNPCL... So that shouldn't even be part of the conversation..
Plus thank you for bringing up the logistics..
Solutions to the fuel problem in Nigeria is very easy, provided the players in the industry are willing to come true.
Nigeria should extract enough crude to meet her international obligations and extract more for local consumption, which will go to Dangote for refining at a locally agreed price.
Why not invite both Dangote and NNPC PLC to come and tell Nigerians the price of petrol.
People who said that Dangote will only come to monopolize the market for his own benefits were right. Take the CEMENT CASE for example.
NNPCL cannot be a competitor and a regulator at the same time. A separate regulating body that is transparent, incorruptible should be created!!!!!!!.
Wale well said let the government tell us the cost they are absorbing on locally produced PMS . I still believe the NNPC is not transparent on this matter of pricing.
Trust these people at your own peril. 😢
Confusion everywhere about fuel price!
Why is Tinubu so silent on the whole thing? Why is he treating NNPC as a spoilt child? What is between him and NNPC?
If there is a president in Nigeria 🇳🇬, so what is his position in this matter,
Lets ask the Minister of petroleum what the price of fuel is today ?
NNPCL and Dangote kicking Nigerians about like football. Dangote knows that if he does not cooperate with the NNPCL, they will stop his crude supplies and he will be stuck with international importation, especially after Alhaji himself had promised heaven and high waters.
This nonsense that is going on between Dangote and NNPC LTD is absurd. Can't Dangote sell its products based on it's production rate? Is it so difficult to state an actual price? What kind of absurdity is this?
Both are not being sincere. NNPC needs to start by telling us how much they sold crude oil to Dangote and what currency was used for the transaction. Dangote need to tell us the cost of producing pms from the crude, so comparison can be made with what is obtainable elsewhere.
If all local refineries start production the issue of monopoly will not exist
Blaming dangote now it is too early
Why everyone want to know the price of dangote, did the nnpc tell us how much they have been importing!! Everyone knows what's happening! The oil cable which is at helm of affairs in the country should come out clean, and forget about their corruption, which is now totally been exposed by dangote.
NNPCL has never helped anybody with all their lies and shenanigans concerning fuel in Nigeria. Why are they celebrating the lifting of fuel when the cost is not known. To me, NNPCL is being used as a front because NNPCL does not own the filling stations because, according to the information, all the filling stations has been sold to another entity in an uncleared transaction.
Nigerians are at the mercy of Dangote who can decide to monopolize the market and set huge price for pms if he chooses to. Also, the NNPC being to supplier of crude oil to Dangote can blackmail the company to sell at higher price if the choose to, or do what is best for Nigeria and control the price to avoid Dangote monopolizing the market
If Dangote refused to disclose how much he sold his petrol to NNPCL, let NNPCL disclose how much they bought it. This discussion is meaningless and does not address any issue of importance.
Our problem is with the currupt and disgraceful officials in charge of our oil resources. Pls put the problem where it belongs.
You people are just trying to defend NNPCL and vilify Dangote. Dangote is a business man. It is NNPCL that should protect the interest of the public which it has refused to do. I bought a litre of petrol for #1,100 per litre at a filling station in Abuja as at today 16/9/24.
The landing cost of imported fuel is 1150-1170.
Dangote products are premium qualities. How much will it cost to buy same quality if imported? Also, how much was the crude oil sold to dangote, too? Let's know the whole thing since we're asking for transparency.
What is the role of NNPL in lifting, pricing and distribution of refined products from a private refinery,NNPL should go and see how they run or kickstart the other 4Refinery to work,what this fvck my people.
Allow independent marketers to buy from Dangote so that we will know who is actually lying.
Individual marketers are not even better either
It can even be worst when NNPC is the sole buyer from the refinery. NNPC is a known corrupt institution and should not be allowed to monopolize purchase from the Dangote refinery. They should allow independent marketers into the market so that the system will be more transparent.
@@obimartins3213 Yes
It may become worse as these independent marketers have union and agree on a harmoniszed price. That's why all these deregulation talk that market forces will determine the price is all "story for the gods"
Who is the third party that we see in between the imbroglio
This country where are we heading to, they should always remember that fingers are not equal.
In a country economy to allow an infant industry to grow, u give some opportunities like tax holiday, closing import inorder to grow.
Base on what the newspaper editor says.
It is a shame on NNPCL living the petroleum cabals to destroy Nigeria .
Can't NNPC pipe products to Shagamu for easy distribution . What will happen is that we shall have another Apapa in our hands in the Free trade zone .
So that you can continue from where you start abi
THE COST OF SHIPMENT,
STORAGE AND CUSTOM CLEARANCE ARE SUBSTANTIAL.
IF YOU NET OUT THIS PRICE FROM THE OVERALL COST OF PMS PER LITRE, THE PRICE PER LITRE OF PMS SHOULD COME DOWN.
IF NOT, THEN SOMETHING IS WRONG WITH DANGOTE PRICING
The FGN is choosing to increase the price of fuel. It is a choice. There are many ways to make the cost less expensive without having to pay subsidies to importers. NLC and TUC should go on strike.
Tinubu should immediately reverse the subsidy removal because he doesn't have the capacity to fight the petroleum cabals.
If i may ask, where did Dangote buy crude oil ?
What's Bag in Knowing how much Dangote sold it.
Let's localized the price nnpc sold to him in dollars they just want start selling to him naira
Babajide please get your facts right!!...Dangote did not sell PMS for N898 because it sold it to NNPC in rising dollars just the same way it bought crude from NNPC in dollars. It is a purely bilateral swap arrangement and this has nothing to do with the falling naira. Only NNPC as the sole regulator can pronounce a price for PMS in naira. Dangote cannot make a pronoucement or determine local pricing by law. When NNPC gets it's acts together to ramp up crude production and starts selling to Dangote in Naira the price will drop. Finally the dirty fuel imported will definately be cheaper than the cleaner Dangote fuel at first.
bring kevin
Make una dey sell us to private investors una hear ba so dangote na him be government china na parliament usA na presidency Arabian country are local government una go hear am
I just wasted my data listening to this nonsense
It look like everyone have lost the sense of Mathematics here.Please analysts give this maths to your child to solve. When we where buying fuel at aprox N165 we were told we subcidize yearly with 3 trillion. And now the price is above N900, that is 5x . Let us assume dollar rose from N600 to N1600 which is. 2.6x so please where is the subcidy again? If not astronomical gain and rip on Nigerian.
did dangote by in dollars or naira
Bunch of liars.
These people always think we are fools in Nigeria. This mañ in zoom is playing our intelligence. How can you be given a title of energy expert and be saying imported petrol is cheaper than locally produced petrol? The main issue here is govt has wickedly refused to pay subsidy and still devalued our lives through devaluation of our currency simple. Even when nnpcl begins its refineries with the current value of naira, nothing will come down in the price of petrol. The only fault Dangote have here is failure to dusclose the actual price he sold
With all due respect, Sir. Dangote Refinery is a "Monopolist" and want to dominate the fuel prices deliberately, causing confusion in this scenario. NNPCL have Dangote 30 million barrels of crude oil, and it's sold in naira. It's for NNPCL to come up with a consensus price as the regulator of oil and gas in Nigeria.
Who's he competing against please? These guys that have been scamming Nigeria are finished with the dangote refinery
NNPCL is not the regulator of the upstream, midstream and downstream sectors. Please do your research.
Exactly, we never voted Tinubu. Lies upon Lies.
Nigerians knows what's happening in that sector, but they are helpless because we are in a country were the leaders are merciless
coordinated monopoly
What is coordinated monopoly
Can't NNPC sell crude oil so cheap that dangote will sell at cheap prices less than imported
The man on the left of Oresegun only spoke the truth on the quality of Nigeria crude oil
Which is $5 per barrel costly than other crude oil
The fourth person is being sponsored to talk rubbish
Mr Babajide my salutations Sir.