Dangote Offers To Sell Refinery To NNPC - Olabode Sowunmi
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- Опубликовано: 8 сен 2024
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This is one of the best impassioned presentation I've heard on this topic without taking any sides. Thanks Olabode Sowunmi.
He should not sell it abeg. That will be the end of that refinery. Govt can't manage anything even a small pure water factory with ten workers, they will mismanage it much less a huge operation like that..
Pls keep pushing Sir, Nigerians are solidly behind you
Talk for yourself
Yes we are!!
Lool water refinery 🤣🤣🤣🤣🤣🤣
Let there be an open marker and see maybe Dangote will still be in business with the way he's extorting Nigerian, take a look at Dangote cement price, he most not be given a free hand on oil and gas, Nigerians will suffer
@@alabioluwadamilare1028
Nigerians are already suffering!
Listen to this man very well
You will know the problem of Nigeria and the cartel fighting any refinery in Nigeria
No sane law will prefer importation over local production, and there shouldn't be accusation of monopoly in the absence of competitors. Is the NMDPRA telling Nigerians that a local refinery is regarded as a monopolising threat to importers of refined petroleum products. A local production is assumed to add value to the economic growth of a nation, while on the contrary an import entity is honestly supposed to take away value from the country.
This is the most intelligent comment I’ve seen so far. You cannot have monopoly without competitors, and it’s foolish if the government gives credence to foreign refineries over the only functioning local refinery.
Useless Bureaucratic hurdles, if they're serious, they would make it easy for local industries to operate, How China became developed.
OMG🥺, It's so painful to me, even though I am not a Nigerian the idea of Dangote selling his refinery is crazy🥺
The guest speaker is very informed and impactful. He tried to dissect the problem and the problems seems to be bigger than what we think. His clear and unbiased view & explanation should be appreciated. Thank Mr Olabode
Exactly. It is bigger than what we see. We as Nigerians need to have a change of heart to build a system that can work for us all, irrespective of people or personnel involved.
The Irony here is that NNPC is itself a monopoly
How is NNPCL a monopoly? We have Shell, Chevron ,etc doing the same thing in Nigeria.
@@youme1414 nnpc is both referee and player
@@youme1414
Its a Monopoly its the only Major National player.
If you understand Nigeria,
you can’t explain Nigeria to somebody else…
😑😑😑😑😖😖
U are very right, i and my friends tried discussing nigeria today and we each couldnt just explain it. It was almost as if our brains couldnt just find the right words. We just said "e choke".
That is the only word u can use to explain Nigeria
@@chibugoihegihu6977 we have crude oil,refineries are not working🤦🏾♂️
We have a working dangote refinery,no crude oil for d working refinery…🤦🏾♂️
Go to court😂. Once they ask you to go to court, just forget about it!
😂😂😂😂😂😂
The few people will do anything possible to killed joy for Nigerians
Thanks Olabode Sowunmi.... You gave the through unbiased analysis of the situation. You are meant to be appointed the PR for the regulator.
I would be very surprised if a refinery of this size, built during strict environmental regulations all over the world, will not have a desulfulrization unit. If you are an expert, you must know. There are all sorts of experts defending extreme irresponsible acts.
The Chinese HELP their industries (private or public) become world leaders. That is why they are challenging the U.S. We are now talking about refineries, arguing about them, when Govt has failed to have a single functioning one.
What a country. But then, as much as I would like to completely agree with your summation, those of his caliber (Dangote) inadvertently have been complicit when favored by the same corrupted regulatory policies.
@189hosp6 everybody get favored when there own is in power here in Nigeria and all over the world
How do you protect an industry without crude processing capabilities? Dangote's refinery cannot be grouped together with petroleum products importers. They play at different levels in the downstream supply chain. The only competitors to the refinery are the foreign refineries, the local modular refineries and the 4 NNPC's refineries. So, when the expert was talking about market share and protection of other players - who was he referring to? Should Nigeria destroy Dangote's refinery in order to protect foreign refineries or who? If that refinery will create significant values, help the country achieve better energy security, reduce the country's import bills and depletion of scarce Fx, help stabilize the exchange rate as well as create million of jobs, why not make this a big success? Why can't Nigeria use this to show the global investment community that it's ripe as a safe destination for FDI?
It is obvious the guest doesn't have Nigeria's best interests at heart.
You dey speak too much grammar, Nigeria is a country designed by colonial master to serve colonial masters, and your democracratic government is a government of elite for the elites receiving instructions from European , all you are,seeing is a big play to cripple the refinery operation so that international players can control us more
What is FDI please??
This is a crazy country 😢
Iam an African proud of Dangote Oil Refinery.Why should Nigeria import oil when Nigeria have the biggest oil refinary in Africa..Why should Dangote Refinary import crude when Nigerian government export crude. Instead of exporting crude ,Nigerian government is supposed to supply the Dangote oil refinery and bann the importation of oil into Nigeria.Our African government must stop exporting our Raw material.Those who are against Dangote Refinary are against the progress of Nigeria and Africa at large. Why did'nt the Nigerian government ban the importation of oil into Nigeria.Why exporting crude oil when you have the bigest oil refinary in Africa. Very shsmeful and disappointing
ِAlico Dangote should seek Burkina Faso citizenship; he needs someone like Ibrahim Traoré beside him
Yea he should relocate to AES. No nonsense in that group
Nigerians are not serious. This kind of investement should be a project to be celebrated. Why fight this wonderful project? Why are western world fighting this good project?
Dogo Trenche jobbers in Abuja. How can you be Oil and Gas expert in Nigeria where there is no Oil and Gas refinery?
Nigeria just happened to dangote 😂 e go touch everybody
NNPC does not have a standard Lab, so how do the test outside of dangote within a few hours of need.
Nothing Works in Nigeria because of Quota System. Most of Nigerias Establishments are run by incompetent Nigerians and by our 3rd eleven. Nigeria should reintroduce MERIT in the running of all Govt.establishments.This quota has been on and Nigeria is going down. Why can't we go back to MERIT as all the regions have enough qualified people.
The.problem is when this so called qualify people gets there, they performed worse than the so called unqualified ppl. Foundation is Nigeria's problems. It's easy to game the system. Banks are good example. Are we saying our banks MD'S are not qualified? But why are they giving out huge loans to their friends girlfriends and politicians even when they know this loans are not for businesses?
God help nigeria, NNPCL with refinery,. It would be dead on arrival due to ineptitude and corruption for sure, we all know how that goes in nigeria
IN ALL THESE ANALYSIS WHAT IS THE HOPE OF ENDING OUR ENERGY CRISIS? THAT'S OUR CONCERN ANYOTHER THING IS STORIES.
Exactly 👌🏾
I just hope olabode sees the state of the country before talking about a system that has not been beneficial to its citizens.
I think because he's a beneficiary of the imported products, that's why he's systematically putting the regulatory bodies on the forefront.
Dont mind him. Where was he, when NNPC imported adulterated PMS into the country.
This guy is a beneficiary of the cartel money to fight this wonderful project. Nigerians be careful. Why cant they analyse the imported petrolium? Tgey only receive and consume
You don’t think straight. The fact is everyone should do what is right. No need for sentiment
Very intelligent analysis. Now the question is does it mean that Dangote group do not have idea of the legal requirements of this sector before embarking on such a project?
Also does it mean that Dangote group never had any meetings or discussion with the regulators in this sector as per what is expected in terms quality, content and production capacity? . ...
They probably did not believe that he could pull it off in the first place. And now that he has actually done it, the powers that be are in disarray.
Africa always steps back 😢we need a free market not government control the market
Will be interesting!
Are u sure about this statement of free market
Dangote vs Government = Money vs Power.
This guy is one of the main problems in Nigeria - thank you for identifying yourself oga.
Exactly my point, you see waiting a young man who is supposed to be patriotic but so biased.
Not a single logic.
NNP that can not repair its refinery want to tell people how to do refinary
Because, you ONLY WATCHED this man but did NOT LISTEN to him.
Down with Tinubu. Fake president.
@@leviagim3942 I am a yoruba, and believe me this man is speaking in a biased manner, you only need to listen to his choice of words and demeanor to the presenter.
@@pilgrimemmanuel.6148what has your been a yoruba got to do with dis
investors are running from naija, dangote decided to actually build a refinery not just promises and the country would rather import and give dat money to foreign countries
Dangote is getting what he started. He is part of the people that have been helping the ruling class to move their money.
According to this man the regulator is only interested in imported PMS.
Listen to this man very well
You will know the problem of Nigeria and the cartel fighting any refinery in Nigeria
#endbadgovernment
Can a student disagree with a teacher over a mark he received when he is sure he got the answer right?
There will be an external examiner to remark the assessment simple
Capital Yes.
In my opinion, his analogy is not progressive. The student in a progressive and enabling environment is encouraged to challenge the status quo.
I dont know why as a Pakistani, 'm so invested in this. Its not my country, but I'm rooting for Nigeria. Our politicians are similar, in my country if we faced Govt resistance for a project that was in the interest of the country, it could only be because it was in conflict with the interest of the politicians.
My take, the Nigeria finance capacity is a mess, the government should not expect a private owned establishment to give service for free. While you keep edging all the countries resources for yourself. Tender all monetary resources and do not resource development of a private equity or you buyout.
There’s refineries,no petroleum products
There’s crude oil,refineries are not working.
Then there’s presdent Émilokan…
“na statistics we go chop”
Cry me a river buddy. Just wandering if your so called emilokan have been President for the past 30 yrs right? One of awa lokan was the Petroleum Minister for 5 yrs but spent most of the money buying gold bras and panties.
😅
@@lwangaoyedokou7264 😂😂😂
God abeg ohh😂😂😂😂
@@sandrauwaigbe2226 we have fertile land, no food…😔🤦🏾♂️
Dangote refinary working is more important to Nigerians right now. Govt owned refineries have failed so allow this one work for us at least.
Brilliant analysis but I think any law that will frustrate that refinery should be repealed.
Simple. The law doesn't favour the masses. It favours only a few peoples pockets
I swear we go protest for Dangote
Very intelligent and impartial speaker
Dangote should not worry when Crude goes to $10 we will see what will happen then.
Government has no business running a business..I do believe the monopolistic tendencies of the Dangote Group should be checked by the regulators so this refinery doesn’t stamp out other players and turn to bite us all in the rear like it did with the cement industry.
Albeit, let’s encourage the refinery to work in such a way as to join in catering to the energy needs of Nigeria.
God bless Nigeria
What an intelligent man.
Thanks for the intelligent conversation. This problem is beyond science or court of law, its lack of leadership and corruption from the regulator
even if dangote sells substandard.... why would u rather give ur money to a foreign country than at least start with urs at a low level and work to improve it.... also, dangotes oil is actually cleaner 87 to nnpc 1500 sulfur impurities per million
Now i understand that with all the oil and gas the reason why Nigeria is still poor and lack international good standing infrastructure. The country is runned by thieves and crooked individuals. I pity the poor Nigerians. Organize and fight. This is unacceptable. A drug dealer president. Feel sorry for that country.
Which country are u from😂🤣😂😂
the sulfur content of dangote is 87 per million, nnpc is importing 1500 per million
Something from his analysis is not adding up. How can a refinery that boasts of Nelson Complexity Index of 10.5 which is higher than most of the refineries in the U.S. and Europe not have a process to remove sulphur content from crude imported from U.S.
This guy explained so much that certainly took a way sentiments. Now I know better many Nigerians don’t know anything, we are driving by sentiments. Cartel or cabal are also afraid that they want to put them out of business. But Dangote should do what is right, install desuphurisation. Very intelligent n interesting interview.
Don't believe that young man. Desulphurisation is a basic processing stem and cannot be omitted in a refinery as Dangotes'. According to the test carried out, I learnt that the reading was only marginally below the limit. That can be easily modified from the processing unit I believe.
Is it just me?
I didn’t hear the part where he said Dangote is selling his refinery to NNPC.
Brilliant analysis
This Expert. There are no questions of monopoly if the others don't have refineries. He is using the US as an example but don't mention the trade barriers the US uses to protect their market. Trade barriers against Japan in the past, now used against China. Every country should protect its industries and jobs. This kind of expert should not be listened to in economic matters. The regulator should force Nigerian crude producers to sell a certain quantity to Dangote. Why should they struggle to source crude while Nigeria is exporting crude. The US is limiting the sale of it's technology, China limits the sale of their rare earths, and Nigeria could limit the sale of their crude if they have a refinery.
Thank you Mr Olabode but I read so much bias from you on this Topic, Dangote is not a perfect company, mistakes are made, but you don’t sit there and point all fingers on them, monopoly or no monopoly, capitalism or not, that refinery would make a difference in this country
But you are concerned about them sabotaging the prices of Diesel from 1200 to 800, as per that is a bad thing for our country?? You’d rather take the sides of people extorting us? If it wasn’t profitable, he wouldn’t drop the price, sabotage or not, so as much as you are an expert and you can see things, know that we don’t care about the politics behind it, what we want is a better country.
NNPC contribute 70% of Nigeria problem dangote have started exporting gas to USA which means his production is standard and yet you can't give him the license because he's not part of their evil group we need to fight for this country before is too late.
Look at you very dull, despite the explanation. Where the crude is refined that is where will face the consequences of surphur not where the products goes.
Dangotes first mistake was citing his refinery in far away Lagos. He should have cited it in Imo, Enugu, Abia or Ebonyi State.
You mean in Biafra?
And he would have gotten crude from your farm land, abi?
Who dey do business wt Biafra land. How is that even possible, an hostile region that’s not even welcoming to its close neighbors
his mistake is only one...he cited it in Nigeria. That is the only mistake here
Thank you . But Dangote alleges that nnpc and some people have refinery in Malta. Our journalist should investigate this.
Aramco oil has an index that nobody can by it except those that have entered into agreement . But our oil is not index so anybody can by it. Nnpc knows this but they will not index it for their selfish interest. That is why Malta refinery will be producing while ours are shut down. Nigerian wake up. This guys is part of the cabal.
God this is an NNPC agent speaking.
Brilliant. Thanks for a more balanced explanation all players in the industry must obey the designated authority , the regulator should be respected. On the part of government their should be proper investigation to confirm whatever claims made by both parties.
Great analysis
If according to the law, Dangote shouldn't provide more than 40%, no problem. Give him all necessary crude, certifications and allow him supply the 40% of the domestic need, then export his excess to the international market. At least that will put less pressure on our FX as refined oil importation will reduce and exportation will increase.
Dangote import sugar, into cement and oil and gas business, can Tinubu tell Nigerians how and what business did he do to acquire his wealth?
The other players are sabotaging Dangote. Nigerians must fight💪🏻
I am a yoruba, and believe me this man is speaking in a very biased manner, you only need to listen to his choice of words and demeanor to the presenter.
Federal government want to frustrate him,buy the refinery from him and short it down, they never want the betterment of nigerian people 😢😢😢😢😢😢
Not Federal Government let everyone do what is right.
I have owned my company for many years before dangote. nigeria MUST buy my own orishirishi company for $50B first. After all, both myself and dangote are private business owners.
Cest Le peuple qui pourra resoudre de Problem. Il est inadmisible que l on refuse de vendre du petrol a Un fils d Afrique au Profit des autres
. L esclavage s explique.
There will never be consistency in quality because those in charge will always have personal interest.
This country Nigeria Showed up that Africa is not ready for a trade free zone and central market on our continent is just a joke. Nigerian economy is based on corrupt routes, that’s why this kind of shit happens
I love you sir @ mr olabode sowunmi
But you are missing the point the regulator are the only ones importing AGO.You haven't address the issue of the substandard products to Nigeria
The victim here is not Dangote, it’s the population. Dangote is just the solution to the population problems: giving more jobs and lower the cost of living.
It’s hard to believe that such a big brand and project like Dangote will not take sulfurisation into account. I smell something here
The guy lied. Dangote refinary has a desulphurisation unit
Dangote should have constructed the refinery in Uganda or Turkana
" If Nigeria can happen to Dangote, who are you ! "
😂😂😂😂😂
The expert go it all wrong. Dangote is operating in the EPZ so 100% of its finished oroducts is not to be consumed in Nigeria. NNPC has its refinery too which he deliterately refused to factor in. Dangote has repeated several times that its products will be exported too to generate Fx for Nigeria. The expert analysis is misplaced. Other private refineries went into business because they understood Dangote's business model.
Some businesses are not bigger than the system yet the system crush them.
If the refinery is sold to NNPCL it will be run a ground in less than 5 years.
It's just a way to further empty the nation's treasury dangote has entered the cold water he must swim on bravely period
better than tvc
Mr Olabode, from ALL you have said, I can say that you spoke as if Nigeria is a country governed by the rule of law. Unfortunately, it's not so. In Nigeria, you can't go to courts and expect justice. Except you're deceiving yourself.
Why from OBJ all the way to BUhari did not demand for this until Tinubu and his economic team thought difference. Why this after so much spent by one individual. What is wrong with our govrtment? Are they taking this step to discourage would be investors? With all this grammer, the goverment could not sustain its refineries. I'm perplexed indeed.
In this case the oil importer are the biggest back biter here, causing the problem. NNPCL should distant themself from Oil importer that don’t want Nigeria to grow and work with Dangote.
this young man is not strenth foward dangote should go to court for what dangote start immediatly
My experience shows me how the west is Anti growth. I happened to take a taxi from Ijebuode to ijebuIgbo only to meet with lots of obstacles because of different taxi unions and this is playing well in other industries in the west which makes it goes to highest bidder thereby making startups not to be possible in the west, but it’s not so in the east. If you have ur idea u can start up little without being attacked by any union or police and when u have enough fund then u can go to standardize you startup.
A system that doesn't favour the masses.
Can't the law be changed for the benefit of the country? A country that export its raw materials 😢😢
This guy dey talk speculation instead of him to talk facts
U r right
The Experts really knows what he's saying, but he gave much leeway to NMDPRA, the regulator was there when high Sulphuric content fuel were imported into this country. Nigerian judiciary is a joke, that's why he went to the National Assembly. South Korea developed Samsung, LG, etc
Why is NNPC not supplying dangote with our own crude that is sulphur free, instead of accusing dangote of importing crude oil that has a lot of sulphur.
This man is not truthful. The government has not stopped the refinery by the time Dangote applied for the licence to establish it.
Nigeria has the best and highest quality of crude in the world because it has no sulphur content in it. That is why Nigerian crude oil is known as Sweet Crude. The question of the day us" Why should Dangote buy high sulphur-content crude oil from the USA which is expensive to refine and is not environmenrally-friendly. Why can't Dangote buy Nigerian sweet crude cheaply and refine cheaply?
If not for unnecessary tribal animosity against Igbos, Dangote would not have been in this sorry state - if he and his Northern people have supported a sound leader like Obi or Atiku. But they always prop up incompetent people to rule all the time
The regulator operates in confidence and won’t bring everything to the public yet somehow you know about the inner occurrences in the meetings. Interesting
They are scared of Dangote becoming the greatest and richest ever. Big clowns may God help Nigeria.😂
What I see here is intelligence over sentiment. I followed you on this one
Thank you Mr Sowunmi
MR.DANGOTE….PLEASE DONOT LET THEM HUSSLE YOU… DO NOT SELL YOUR REFINERY. YOU HAVE THE MAJORITY OF BLACK PEOPLES OF THE WORLD SUPPORT.
Please God No. what did NNPC do with the other 4
Metamorphosize? There is no change in the Oil sector the same players same rules even NNPC is more powerful
Nigeria I am Kenyans, this a cartel please visit him,
Why do you people keep showing fertilizer plant while talking about the refinery
People like yourself should enlighten the rest of us.
I don't agree! That's lazy!
Get your own oil wells! How much is oil well compare to a refinery? What are the regulatory guidelines for its acquisition? What Are the pros and cons?
If this is not proof that Nigeria’s leader still serve “former” colonial masters I do t know what is, this is just tragic 🤦🏾♂️