It Doesn't Make Sense For NNPCL To Sell Dangote Petrol Higher Than Imported One - IPMAN

[@yerimamusasamson5701]

So long as NNPC is in the loop nothing good will come out of it😢

[@VictoriaRFound]

Many are missing the point. The greater benefit is will come from 3 places, ready availability of product, reduction in forex expenses, and greater quality of produce..

[@afrolifemedia]

It still doesn't answer the basic question being asked. Why is the product being imported cheaper than the one produced locally. The expectation is cargo/logistics cost should be out of it...

[@afrolifemedia]

NNPCL is trying to protest its lavishly paid staffs by maximizing profit

[@Tijjan-e1t]

@@VictoriaRFound I still find it hard to understand that nnpcl is owed $6bill, which Nigerians are paying.

[@Comrfidelity]

⁠@@afrolifemediaso people importing aren’t paying taxes and workers 😂

[@olanola2988]

@@afrolifemedia poor quality ban in Europe is cheaper to Import, affect Our Environment & affect your engine in long run

[@Engr.JohnsonOyibojabo]

The man on your show is aloof

[@hassanadeyinkabasiru8514]

Yes o, we need to ask ourselves what is the celebration is all about because citizens of Nigeria are so much pleased with commencement of Dangote Refinery as a private one that has been expecting for long to make Nigeria more better than before.

[@chimdi_samuel]

What do you want Dangote to do about cement price?

[@ObjectiveObserver-xh4vk]

All I want is stability of supply. We can't have a government whose sole business is selling fuel. Makes no sense. They should channel the subsidy elsewhere and allow us to rest. A stable supply means that at least businesses can plan and have a clear budget on expenditure. It is now left to the government to provide alternative means of transport like rail 🚈 and ramp up CNG buses. We don't drink fuel in Nigeria.

[@harrysogbeye1155]

Exactly

[@Adetola-y8b]

At reasonable price

[@michaelrio5304]

Truth remains that FG still pays subsidy for imported PMS making it looks like it's cheaper. But With dangote fuel, no subsidy was paid to dangote. Landing cost of imported pms is about 1200naira without subsidy.

[@abahvictor744]

Where is the celebration here. How on earth will what was produced locally is more expensive than the imported once. What an evil leaders in NNPCL. This is evil and unacceptable.

[@moabdelkadir2887]

Dangote and His group have rather turn to a curse to Nigeria instead of a blessing.

[@sbslm1]

@@moabdelkadir2887 Blame the government, which is not happy that Dangote Refinery is up and running, and is trying to paint a bad Image of Dangote

[@olanola2988]

The quality of the product imported by this thiefs must be look into & the exchange of Naira..

[@kalunnanna3421]

Pure evil corruption😢. In no way should imported petrol cheaper😢. I hate Nigerian government So wicked, no empathy, no sympathy, direction. Nigerians should chase away this charlatans im government positions!

[@tonyeloo7199]

Nobody has explained to me the rationale behind shutting out independent marketers and making nnpcl the only sole lifter of PMS from dangote.

[@BenjaminOladipo]

Pure oligopoly

[@AdepojuBabatunde-f7d]

He lacks pointe in his response. That is the caliber of people handling sensitive positions in Nigeria

[@abdulkadirmohammed770]

When you hear Cabal

[@ofuasiachuks4408]

Thank you channels...the country is in shambles....

[@Emmanuelajepe]

Hmmmm God will speak for the poor

[@atomicjacob6413]

No he/she/it wont

[@nandozzy4914]

He's done talking It's up to them now

[@Comrfidelity]

This people are heartless

[@Andyzous]

The price of fuel in Nigeria have become rocket science the more you look the less you understand

[@adamskazzah8320]

stop bringing this kind of old men with no logical value...the man is not in the know of whats happening....imagine the anchor lecturing the interview guest

[@BeyondDnoise-u8m]

Dangote crashed the price of diesel from N1700 to N1000 which is a 60% drop. NNPC needs to be scrapped

[@kimprince6048]

We celebrate because it's Nigerian owned company & it's contributing greatly to every aspect of our economy. It's far better than exporting our natural resources. It's similar to Airpeace and the rest. It's beyond consumer price fixing. Market would eventually stabilize itself based on demand & supply & competition.

[@Tijjan-e1t]

When was the last time the price of fuel in Nigeria went up and gradually came down?

[@jerrybrown7575]

​@@Tijjan-e1tgood question, everything in Nigeria is the more u look the less u see😂😂😂😂

[@dikekingsley1510]

Very Supprised at this message

[@Tijjan-e1t]

@@jerrybrown7575 That's not a good answer. You said the price will come down when forex stabilises. And tinubu is saying no going back.

[@BenjaminOladipo]

This man is political in his response

[@edimehalfred]

I suspect NNPCL sets the price that high to recover the so-called $6b it owed. Nigerians are in the mix of it all suffering the intended and unintended consequences. Why can't NNPCL sell crude to Dangote at the international crude price and allow Dangote pay in naira? Then also allow Dangote sell to ALL off takers. This will remove the opaque pricing we presently see. Thank you.

[@JonathanAyejah-oh8sz]

Is a shame to so call Nigeria for only one person to built refinery and there are still envy

[@JohnA12345]

That is because subsidies are no longer factored into the calculation... This is simple guys.

[@akwarauchekenzo7093]

NNPC should be ashamed of themselves, for over 50 years they couldn't repair the 4 refineries Nigeria had. NNPC is so corrupt that they will make Nigerians to suffer more. It's madness

[@Dee-m3n]

Crude oil in Nigeria is a free, God-given resource. NNPC and its associates extract it from the ground at a cost, then transport it to Dangote. All they need to do is add a margin, and then Dangote will process it and add his own margin. NNPC could sell oil to Dangote at a price well below international market rates, allowing Dangote to sell it cheaply to Nigerians. Instead, they sell it to him at the equivalent of international prices in Naira, and he has to pass that cost onto Nigerians... Wow, this government is unbelievable. ---

[@kamaldeenaolatunji7282]

Add money to pay foreign experts who's refining, gas used in heating and extracting all, other facilities, dangote as a business man is to pay $20b he borrowed..

[@kayoo99]

I understand your point but Dangote has a lot of foreign stock because nnpc has already committed oil to foreign buyers before now it could only supply Dangote 25 percent this should increase to almost 50 percent by October maybe then we can see some reduction in price. Also government will want to sell crude to who can pay the most money whether Dangote or anyone else outside nigeria but that needs to be analyzed in terms of cost benefit analysis

[@adedayoorukotan2782]

I think you need to feed us with the right information. The price they adjusted from ₦568/litre to ₦858/ litre was having subsidy element which many of us are looking away from. The current price from Dangote ₦950 to NNPC has no subsidy element. Let us all understand that. Regards, Adedayo

[@chinweadele5730]

But they said subsidy was gone from the beginning

[@adedayoorukotan2782]

@@chinweadele5730 you are correct. Gone in the sense of payment to independent marketers that are importing the product and selling directly in the open market hence the reason why NNPC becomes the sole importer of PMS to cushion the effect of Naira to Dollar exchange rate when they floated the Naira. Remember after the floating the exchange rate jumped from around ₦650 - ₦700 to ₦1, 500. At that time, subsidy had to come back technically.

[@_rules715]

Is the cost of freight from foreign refineries to Nigeria and that from Dangote to Nigeria the same? I doubt you understand the legitimate rational of subsidy payment in the first place.

[@charlestonlenz7452]

This is Nigeria

[@henryeddoh7850]

Why is NNPCL the only off taker if there is deregulation?

[@scanyanti4464]

Is it mere coincidence that the price of PMS is increasing with the kickoff of production from Dangote refinery?

[@nasasaat3527]

Is better for Nigerians LAWYERS to Sue Nigerian government to the law for there nonsense to the Nigerians, How come home products cost more than import is this make a sense.

[@akinbodeog]

Dangote is pricegouging us as usual. He did the same thing with rice and cement. I don't know why anybody is surprised. That's capitalism for you.

[@adibelikelvin4899]

NNPC is the problem. Only them know how much they buy from Dangote and how much they sell to Nigerians

[@adon8672]

Luckily your government has the option of importing the same fuel at a price cheaper than Dangote.

[@akinbodeog]

@@adon8672 Dangote is going to use his mega profits to sponsor people on TV to campaign against importation. And to make sure the public refineries never work. And to bribe the regulator. And to fund politicians that will do whatever he wants. We don enter one chance.

[@tonyeloo7199]

Why has dangote not even come out openly to tell Nigerians how much he is selling his product. He keeps playing hide and seek with nnpcl.

[@sbslm1]

The government betrayed Dangote nd didn't deliver crude. He had to buy it from outside, and the products from those crudes will b expensive. Government has to give dangote crude, then it will become cheaper

[@eldios831]

Man....i do feel for Nigerians...You find a local solution government comes in and frustrate the people...but they do say government is a representation of the people

[@Abdulkadir-zp9vx]

what is the landing cost of imported pms ,is it lower than N898?

[@theophilusnwosu-z3q]

Tinubu and NNPC are yet to tell us what they want to do with Nigerians blood.

[@neodidi]

The title is the question I've been asking since.. How on earth will a locally produce product be more expensive or even closely competitive in price to an imported product.. Especially one as PMS. Are you guys kidding me? If deisel can have many buyers get from dangote, what's stopping PMS? You all are lying..

[@terwasevictorsesugh3902]

I don't trust NNPCL. They are not transparent at all. Tinubu's regime is watching. The ordinary Nigerian is suffering. The 70000 ministry wage is not even implemented. Mele Kyari should be sacked.

[@artbybigvee]

How's imported products going to be cheaper than local products?

[@kabirushehuadamu1407]

Nothing like local products, so far it's produced like the once imported. It went same process to refine. Nothing like local please. Nnpcl shame on them all

[@adamuabubakar8650]

It makes no sense at all!

[@Kastady]

Probably NNPC(Tinubu) wants to make importation more favourable because of the refinery at Malta. By doing this it makes his business of importing fuel thrive. One will wonder why NNPC has not been able to fix its refineries since.

[@kayodebanjo]

The price should go down in a month or two, once pressure is removed from our FX

[@Tijjan-e1t]

You don't mean what you wrote. Price of fuel in Nigeria has never come down.

[@dikekingsley1510]

😢 crying for you

[@terwasevictorsesugh3902]

What of the port Harcourt refinery when is it going to start production?

[@artbybigvee]

My dear, this is heartbreaking!

[@nwodiemmanuel112]

Every body are confused as naijas. Local costlier than imported::::: Gwo Gwo Gwo Ngwo!!!!.

[@stephensunday7653]

what gain is NNPCL looking for. for 50 + years you were unable to build a refinery. now dangote is here

[@kemikiolurotimiadebowale3400]

NNPC is our problem

[@sundaydagunduro912]

i expected NNPCL to continue to import at a cheaper price, Dangote can sell products abroad until its price becomes cheaper than imported products

[@kamaldeenaolatunji7282]

By doing so, pressure will continue ranging on dollars to naira, petrol importing was among what's making our naira less value bcs marketers demand for dollars which making it scarce hence cost.. non importing pms will make our naira balance little bit..

[@royalomo-oni2560]

We have four refineries and we concentrate on one private. The government is not prepared to handle the situation because they are benefiting from it. When Obama was president, USA was importing crude massively but he changed the narrative by producing. We are not ready yet.

[@mazi2324]

Does Nigeria make sense to you Sir?!

[@okohanthony5067]

How csn NNPCL be the seller of Dangote fuel. Can Dangote not sell what it produces? Why must Dangote buy in Dollars? Is it not been produced in Nigeria. What we pay for goods in USA is not the same prize as what is paid in Nigeria.

[@atuegbeemmanuel4856]

What then is the benefit to Nigerians? We have the crude and the refined product yet has no impact on Nigerians. FG is just being wicked. They want to align Dangote price to their Malta imported price. They want to remain in business period. If Dangote sells at his proposed price, NNPC will fold up

[@josephomole6404]

This country is just a mess.

[@isyakubalaibrahim]

what kind of analyst is this? before Dangote, there was a fuel subsidy which has led to about $6billiob debt. now it is liberalization and deregulation.

[@SAMUELUdoh-fo5oq]

It don they happen

[@isyakubalaibrahim]

this fuel has not even hit the filling station to warrant this analysis. why are you in haste?

[@mrobinson]

I like the way your staff held his feet ti the fire & asked good follow up questiond Channel News.

[@terwasevictorsesugh3902]

NNPCL mischief and misinformation.

[@ABCD1234-user-x3v]

Yeye, so a single buyer making sure the price is affordable for Nigerians is deregulation? Content lord.

[@AdepojuBabatunde-f7d]

This Kekeocha of a thing does not have no information to offer. From my own point of view, he is not capable to provide concrete response to all the questions he was asked.

[@tonyeloo7199]

This man is just making the conversation boring, he is out of touch with happenings in the industry.

[@ugwuekesunday8075]

What is good in the news?

[@KingsleySamuel-j5d]

Please look into the quality of petroleum imported, and one dangota is producing, and then look look at the cost of importing that quality before you start talking

[@charlesokuns5549]

If u see the man face na lie full am he dey act like say him no dey aware of the news

[@Tijjan-e1t]

This is an executive conspiracy. Tinubu is both the President and the Minister of petroleum. The Policy maker and the Regulator. With a profound vested interest in the oil business. At war with indigenous business class. While begging foreign investors to come and invest.

[@paulline8710]

The man in show is pretending not to know anything or is a novice of petroleum matter.

[@abahvictor744]

It cannot make sense Mr presenter from 895 to 950 naira. Evil will meet the evils once

[@jeremee4sure]

Channels TV presenters are just asking uneducated questions

[@chineduokoye1968]

I am not sure this man is very knowledgeable, I don't follow his line of argument. Are you sure he is aware of the happenings in the industry? He talks ignorantly.

[@ebasski4958]

What is the quality of both fuel. Let's compare price against quality. There is a tendency of a brewing fraud if not checked. Why interview an uninformed commentator?.

[@edentahilla9295]

only in Nigeria are local products more expensive than the imported substitute, Besides Dangote is a Business not a Charity, don't Know why they keep saying a reason to celebrate, the end user still suffers, maybe even more now.

[@rollandokechukwu2161]

My brother I can't understand it. Yet some few people here is writing what I can't understand. This country is pain in the ass

[@firstchoice307]

What's the celebration about Dangote refinery? Won't they fix our refineries?Evil men as leaders!