Dangote Refinery: to be or not to be?



The richest man in Africa wants to float a refinery in a country where an oil producer is also an oil importer.

Fine report if you ask me.

What you may not know is the full

story behind subsidy and why, suddenly, there is talk of removal of subsidy?

The truth is that some people take pride in taking Nigeria for a ride.

Nigeria has four refineries built with public funds and run with public funds, yet we import refined products after exporting crude oil.

Touched by the stories of non functional but money guzzling refineries, some Nigerians have actually built refineries which the authorities do not want them to operate.

May 22, 2023 has been fixed for the inauguration of the big Dangote refinery, bigger than any refinery in Nigeria.

Without protection, Dangote refinery will enter a so called free market and muzzle the other smaller refineries to death.

Monopoly has security implications but our leaders wouldn't care because of lucre.

Watch them pamper the Dangote refinery and watch others die.

What is so special about Dangote? He enjoys the confidence of men of power who invest in his business and let him get away with anti competition steps.

I find it amusing when Dangote embarks on charity. 

What better charity can there be than live and let live?

Suddenly Indomie is wearing all kinds of ugly garbs in the name of competition.

What becomes of all those in the value chain. Haba!

Comments

  1. Philips OkewandeMay 7, 2023 at 10:30 PM

    We were made to understand that NNPC has an equity in the said refinery but the amount paid as equity investment was said to be far above % of the equity investment.

    It is so sad that nothing is seriously working. Mr. Integrity's Value has reduced because the Will Power is near gone.

    ReplyDelete
  2. Rita DumnoiMay 8, 2023 at 1:01 AM

    Nigeria is a seasoned film,you sit and watch as the rich gets richer and the poor gets poorer and intimidated, a country full of corruption,lies and so on..............

    ReplyDelete
  3. Iroulor Anthony ChidiebereMay 8, 2023 at 10:12 AM

    The imported products that get into Nigeria are reported to be smuggled out to neighbouring countries, what is the guarantee that this one that will be refined in Nigeria will not serve the neighboring countries more than Nigeria?. It will be good if the poor masses benefit from this venture and not to service the greed of the rich few.

    ReplyDelete

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