Dangote Tells NNPCL, Marketers To Stop Importation

[@isidasomesaibu6203]

I am very happy to hear BKO says that Dangote should reduce the price of his petrol if he wants the independent marketers to patronize his products. This is what I have been advocating for sometime now.

[@sarahetuk8136]

Those foreign refineries do not employ Nigerian. All importation should stop

[@kestonagboro4262]

You are very sensible.

[@ayenia2736]

what is the population of the nigerians employed by Dangote to compensate him with the right to monopolise the crude oil and raise price until nigerians cannot afford the product again? Mention anmy country allowing that kind of nonsense? Natural resources MUST never be monopolised by greedy businessmen

[@lovelylocolad]

Nigeria doesn't need a monopoly person. Competition should be healthy.

[@taipizzalord4463]

If so then surely Dangote should not be allowed to sell to foreign buyers?

[@OluwatobiOgunniyi-hd9ge]

I am a Nigerian but truth must be said,Nigeria is a complex country.

[@agbadimusa9365]

😂😂😂😂it's complexity it's about interests.

[@blessingdebah2209]

Agreed. Nigeria is really complex , not easy to govern, manage or do business or anything.

[@olaoniboji]

irrespective of the tank firm, it does not sound logical to import when local one is of competitive price. Let Mr Dangote tell us how much he is offering the petrol for sale

[@tyozendagberikon4183]

A very watery argument

[@allyolajide1524]

Mr Jide ,stop advocating for tanker how will Nigeria refinery works

[@maxtroy8511]

Dangote wants Nigerians to buy from HIS refinery, at HIS price, under HIS terms.

[@ojobabatunde1222]

... because the government is complicit in the corruption .

[@tajamtawal]

It is very clear people within the Tinubu govt don't want the refinery to work!

[@Maryammdk]

You are absolutely right

[@elumsfarms]

How?

[@Kevin-tv8ew]

How? Is Tinubu government in charge since 1960?

[@tajamtawal]

@@elumsfarms 40 percent of Nigeria's forex needs is fuel imports, now dangote is refining fuel and NNPC is still importing fuel and still not allowing independent marketers to buy from Dangote! NNPC has not given crude to Independent marketers despite collecting over 40 billion from them! Why is NMDPRA still giving fuel imports licences if govt is actually bothered about losing forex to fuel importation?

[@dikachioffor5661]

​@@Kevin-tv8ewread again

[@abimbolaowolabi4985]

This is the beauty of free market economy. It encourages competition. Competition leads to lower prices. We cannot allow only Dangote to determine the price of fuel😊

[@michaelaideloje4152]

BKO, you’re my guy. I said it yesterday that Dangote is a danger to Nigeria. He’s talking about availability and not affordability of the product. Dangote has killed competition in many businesses in Nigeria. He also wants to do same in oil sector. Haba Mallam Dangote!!

[@yomiolaosebikan5402]

I now know you are a block head so we should continue to import and leave a refinary has big has that that can cater for our need and export that will spring up jobs and industrialization in the country that the finance minister confirmed that's why they are working with dangote so we can stop importation stop forign exchange so naira can be strengthen you and jide you are block head

[@FrankVlog-v6p]

@@yomiolaosebikan5402 you didn’t learn anything from the cement Industry ?

[@samuelo.7044]

​@@yomiolaosebikan5402 Yes A government should not support one person and destroy others They destroyed ibeto cement for dangote by refusing him to import his cement then... Your government destroyed local refineries in port Harcourt and south east and bayelsa for dangote....how can you give one man, a billionaire, the whole crude in the country, where is the competition, that is too much power, the Fulani man will hold Nigeria to ransom ....chai!!!

[@taipizzalord4463]

@@yomiolaosebikan5402 But is it really a production / supply problem or a distribution problem? Look at the state of road and rail infrastructure. It does not matter how much petrol there is if you cannot distribute it.

[@AuwalSG]

Mr Jide, you are so intelligent but today I will say that your point of view deviates from mine. We must stop all importations please to avoid any subsidy scam and to allow the naira to breathe. We need our precious dollars for our businesses.

[@livingroomtv9467]

Dangote is won Jan's for Nigerian generation we need to beceafull Thanks sir

[@mas-udabdulkareem1002]

Now Mr Jide is not making sense. What about the logistics of importation. So how crude oil is useless because it's expensive???

[@dicksonjones6163]

In every sector, stakeholders play a critical role. As Dangote ventures into the petroleum business, it's imperative that he actively engages these stakeholders to ensure his success in the petroleum pump market. Unlike the cement industry, where he established significant control, he cannot dominate this new market simply by setting his own prices. If marketers find more competitive prices elsewhere, they will undoubtedly choose to work with those alternatives. The petroleum sector is unique and requires a comprehensive understanding of various factors beyond what was necessary in cement.

[@mas-udabdulkareem1002]

Editing this video immediately. This argument is watery!

[@ayodeleatalabi1037]

Mr jide you're not making sense. There's a working refinery now in Nigeria but no patronage. Nawa oooo

[@sirrainbow1672]

Dangote Refinery is in business to make money so also are the independent marketers that includes NNPCL. They are all potential customers to the refinery, therefore, it is the duty and responsibility of Dangote to reach out for them because they have the option of importing the same product into the country if the price is right. The downstream deregulation of the downstream oil sector allows the independent markers to import products as they wish. Dangote cannot tell the marketers to stop importing fuel because he has more than enough in storage, he has to appeal to them by enticing them with favorable prices and conditions. He cannot stop them because they are the customers.

[@yomiolaosebikan5402]

Importation is not good to our economy so far we can produce enough here in the country let them go and take from dangote it's cheap and is making it easy that's they introduce naira for crude so they can be stability in our fx and when there is availablibilty in excess it's becomes affordable but if we continue import price will keep going up

[@tobsmabs1921]

I am sorry Uncle Jide, but I don't buy your argument. Even if texas crude itself is cheaper, the marketers are not importing crude, but refined PMS. How could imported PMS with the FX Volatility, landing costs, etc, possibly be cheaper on the whole than Dangote's locally refined PMS? If this is truly the case, something is horrible wrong. It would mean that the Federal Government is not giving Dangote enough support to ensure that his prices are competitive. We must be patriotic in this country.

[@oluwaseyisubair4426]

500m liters but not cheap 😂 Dangote wants to quickly make his profit as quick as possible but doesn't want to achieve his interest over time.

[@samuelo.7044]

Let dangote build his own filling station Why was dangote the only one to be allowed a refinery... what happened to the many local refineries in bayelsa and port Harcourt that the buhari and tinubu government was destroying, that could have been supported

[@NDUBUISINWOKEDIUKO]

Is another way of DUAPOLIZATION AND CONSTANT AVAILABILITY OF THE PRODUCTS

[@MosesObomanu-u9w]

THERE IS NO WAY AN IMPORTED PRODUCT WILL BE CHEAPER THAN THE ONE PRODUCED IN COUNTERY UNLESS THE IMPORTED ONE IS SUBSTANDERD

[@olayinkaadeleye3134]

These Journalists are interesting. With the exchange rate at almost NGN1800 c you still want importation of petroleum to continue? Complete let down!!!!

[@ahmedkarage9633]

Dangote should sell his products to other buyers if the Nigerian market is not buying

[@olumideoyedemi5202]

'We cannot have our heads in one basket' true but can we also get our refinery working?

[@CitizenAY]

So Nigerians are not allowed to use our own crude oil. This is utter nonsense!

[@imotumbokanaka4157]

beer palour chat very watery

[@VanHaycrafttd]

The market says, Imported petrol is cheaper. Dangote should compete.

[@yomiolaosebikan5402]

Stop all this its cheaper to refine here than import is simple

[@samuelo.7044]

How much is dangote fuel then??

[@yomiolaosebikan5402]

@samuelo.7044 see refining locally is cheaper dangote fuel is cheaper than import the marketers know but nnpc is playing games with us they are the one that is telling dangote not to disclose the price because they owing international marketers about 6•5 billion dollars so with time truth will be displayed dangote fuel is far cheaper dangote is given nnpc at 766 per liter now government is given them in naira so it will be more cheaper but nnpc is the one playing games because they owning debt and have refinary like dangote will slot of industry spring up plastic cosmetics textile the dangote refinary is 10 in 1 refinary is a plus for Nigeria it will stabilize our forex market and provide million of jobs for our youth so it's a plus

[@malikmiizzy2425]

Most important thing is fuel being affordable to Nigerians..

[@CitizenAY]

The pricing template is wrong, then why are we selling our oil on the cheap.

[@FosaEvbomwan]

Bko what of the cost of transportation?

[@yomiolaosebikan5402]

Jide stop confusing us it's more cheaper rifine in Nigeria

[@IamDProfitableWealthking]

Jude is confused. He doesn't know what he's talking about.

[@yomiolaosebikan5402]

Jide we want to encourage production on our country and we have seen a Nigeria company producing at a large scale of petroleum products you are saying we should continue import you are too myopic

[@rotimiakin8800]

No one should be fooled in the whole drama! One mistake Nigeria should not make is to allow Dangote to dictate the stoppage of fuel coming in from any other source, imported or wherever! Where did we find our self with trick that made government stop cement from any other source than Dangote, is he not enjoying the monopoly and we still struggle with the high cost of cement till tomorrow. Until probably when we have more private refineries dangote shouldn't be allowed to dictate to government to ban importation of fuel which could be cheaper than that of dangote! Forget the argument in favour of protecting the local industry or employment! It is all in the name of personal gains nothing in the interest of Nigerias

[@eseradaemmanuel2463]

Our oil is expensive because it is easier to refine. Be that as it may, Dangote has the capacity to sell at 400 naira per liter but, he can't because the NNPCL is responsible for fixing the price. He can't sell as he pleases else, they won't give him crude.

[@fidelistq]

What does this paid fulls mean by if anything goes wrong. If Dangote is making profit, others too will built refineries and strengthen competition

[@kestonagboro4262]

There are in fact two new major refineries currently under construction in Nigeria, the 200,000 bpd in Akwa Ibom by BUA, and the 100,000 bpd in Lagos by Mid Oil. Meanwhile, we already have about 13 smaller modular refineries that are fully operational in the Niger Delta states

[@abasssanusi3348]

😂 you didn't get this Babajide. It's not the issue of pricing. NNPC has debt and agreement with international marketers. Dangote can decide to look for international customers, within a year he will get enough customers.

[@kestonagboro4262]

Ghana and Kenya have already indicated interest to buy from Dangote refinery.

[@AdmechFarms]

Dangote is a monopolist. If imported fuel is cheaper than Dangote fuel they should bring in products that are pocket friendly.

[@olumideoyedemi5202]

What is this man saying... 'our crude oil is the most expensive ' then let Nigeria government reduce the price of the crude oil we sell to dangoteand dangote also reduces his price also.

[@faskwillad4765]

This crude doesn't belong to government alone, it's premium crude and the IOCs are the real owners.

[@olumideoyedemi5202]

@faskwillad4765 true .... nothing is truly free...all the debts cancellation, aids and loans, how do we really pay them back? Crude and other mineral resources; we also pay them with policies that favor or will favor them.

[@princeadelowo937]

Dangote want to dictate the market space

[@kestonagboro4262]

The NMDPRA is just talking rubbish that there is no country in the world that does not import refined petroleum products. In fact there are many countries in the world that does not import a single liter of refined petroleum products, we have countries like Saudi Arabia, Russia, USA, Canada, Iraq, Singapore, Netherlands etc.

[@ObjectiveObserver-xh4vk]

Imagine BKO chewing amala about Dangote being in trouble. Does he know many Nigerians are already employed by Dangote Refinery? Is Dangote complaing complaining of not being able to meet demand in Nigeria? Such a pity! We don't have patriotic leaders. A country with abundant fuel and now a functional refinery is still importing fuel.😢😢 Now we know why our refineries can never work. Dangote should reduce his price to force competition. That's the way to go.

[@olalekanjuma4687]

Where are this people getting dollars to import such quantity? And we are saying naira is weakening day and night.There is Godoooooo

[@FosaEvbomwan]

BKO what are you saying, then why do we have refineries in the first place?

[@Abdulmatin576]

I respect jide so much but this his views carries no sense. Stop importation Lets promote our own and stop the subsidy scam Period!

[@babsjay4239]

are we or marketers fools? if dangote fuel is cheap, will marketers run away from him? everybody ia after profit. if foreign petrol is the one that give marketers higher profit margin and makes life easier for nigerians, fine. but if not, dangote should be dumped

[@yomiolaosebikan5402]

@@babsjay4239 you don't know anything it's more cheaper to refine locally and again the government is now selling crude to him in naira so there will be low pressure on our foreign exchange so if we refine in Nigeria naira will have much value to the dollar and the marketer and nnpc are running from the corruption because they know if they start taking from dangote will know our true compusmtion which is 30 million so it's far more cheaper to refine locally than import and the government now makes it easier for local refiner to crude in naira and sell products in naira how is it going to expensive than the imported ones even if our crude is the best has that myopic jide used to say it can't be expensive so far we are refining locally it will be cheap and will havemore jobs industry will spring up so jides view is so myopic and lack logical meaning what's jide is saying is so foolish

[@yomiolaosebikan5402]

Forign petrol is not cheap dangote bis more cheaper nnpc is owing international marketers and also hold markers money in Nigeria so everything his covered

[@kestonagboro4262]

You clearly do not understand the dynamics of foreign exchange and the implications of importation in an economy. No wonder we are not making progress.

[@russellsomoye]

Monopoly. The price is out of reach.

[@yomiolaosebikan5402]

@@russellsomoye it is not monopoly dangote has the capacity to give us

[@Abdulmatin576]

Who stop others from entering the refinery business???? Monopoly ke!

[@IdrisUsmanngulde-cc7km]

Very unfortunate, Dangote has no pity to Nigeria and Nigerian masses. Dangote knows that Nigerians know the various products extract from crude oil. Dangote is maximizing profit on the PMS alone; Dangote should spread his profit over the various products, so that the PMS can be affordable to Nigeria and Nigerians. Truly, Dangote is a monopolist; that is it.

[@kestonagboro4262]

You are either incredibly uninformed or incredibly biased. Deriving multiple products from crude including by-products doesn't increase total volume; it requires trade-offs between products. Refiners must carefully allocate resources to meet market needs. Secondly, there are about 13 small modular refineries like Walter Smith, Azikel, OPAC etc that are already fully operational in Nigeria. Additionally, there are two other large refineries currently under construction, the 200,000 bpd in Akwa Ibom by BUA, and the 100,000 bpd in Lagos by Mid Oil. So what do you mean by monopoly?

[@yemi5655]

Dangote thinks this is cement business. I only pity Nigerians who believes Dangote is coming to help nigerians

[@imammonsurusomide3394]

Greedy dangote let the marketeers stop buying from him until his price comedown

[@enchidi]

Lie lie BKO is back 🎉🎉🎉

[@okesunday8434]

Our govt caused this, we need to repair our refineries, this will break any monopoly, compete with the private and ensure the surplus aupply.

[@kestonagboro4262]

NNPCL was the sole importer of petrol in Nigeria for many years until recently. Was that not slso monopoly. Secondly, those of you shouting monopoly, are you aware that there are now some modular refineries like Walter Smith, Azikel, OPAC etc that are fully operational in Nigeria? Na wa o!

[@oyegokeolufemi7326]

This man has no knowledge at all on this subject, he said DANGOTE IS WORRIED that Nigeria is not buying form him, gentleman, there are several market ( a lot of African countries) that will buy from him.

[@okesunday8434]

God of all nations shall answer the prayers of the masses in one way or the other. Let them continue to inflict pain on themselves, later, they will see how to resolve in cutting down their selfish price tag for personal benefits. Once the local producers and importers begin to compete, they will spoil market for themselves in the masses favour. I am not praying that they should run at loss, but most of them are our weak naira's problem in the first place.

[@VydeeAudor]

BKO projecting and protecting his Oga at the very top. OANDO. This hypocrite will never change. His true colour is now out in the open 😂

[@sharonjames2041]

😢🤥✊🏿💔

[@yomiolaosebikan5402]

You don't have anything to say jide

[@Maryammdk]

I agree with you 💯

[@yomiolaosebikan5402]

@Maryammdk a fool fools agree with fools

[@yomiolaosebikan5402]

@Maryammdk ok thanks for your agreeing with me

[@awwalusman5930]

Abeg oga shift you have nothing to say