Dangote Refinery Faces Major Shift as NNPC LTD Declines Exclusive Deal - What’s Next?

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The ongoing disagreement between the Dangote Refinery and Nigerian National Petroleum Company Limited (NNPC Ltd) has taken a new turn, with NNPC Ltd announcing it will only purchase petrol from Dangote if the price is more competitive than the global market. This development challenges earlier expectations that NNPC Ltd would be the sole buyer and price setter for Dangote’s refined petrol. Economist Kelvin Emmanuel weighs in on the potential impact of this shift on Nigeria’s fuel self-sufficiency, energy security, and the domestic market. Could this lead to higher petrol prices in Nigeria, or will it spark greater competition with the involvement of independent marketers?
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Опубликовано:

16 сен 2024

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Комментарии : 58

@patrickodiegwu121 7 дней назад

It's so unbelievable that those on the helm of affairs in NNPCL are still employed, this is more than an eyesore, what a country...!!!

@bigfrank5637 6 дней назад

Tinubu is the oil Minister.

@adamibrahimmuhammad5610 6 дней назад

@@bigfrank5637tell him please.

@jiddumdimary6905 7 дней назад

Tell nnpc that we don't want their dirty imported fuel...even if it's expensive give us dangote fuel in the country abeg.

@Babs_De_Don 7 дней назад

Dangote should be ready to sell to the independent marketers. It doesn't need to sell only to major marketers. NNPCL doesn't have to be the sole off-taker of the Dangote refined products. We want an open market and so Dangote Group should be ready to sell at competitive market prices.

@EzekielRamadan 7 дней назад

@@Babs_De_DonHe is not the one making that law

@ademolajayeola9846 7 дней назад

The only curse upon this country is leadership curse. What a country!

@olayinkaadeleye3134 7 дней назад

Kevin hit the nail on the head. The key movers of the PMS price needle are the exchange rate and the crude oil price.

@adamudamji5187 7 дней назад

Let them do their worst, Dangote has emancipated Nigeria!!!

@plvtoiii1227 7 дней назад

In what way please. Can you guys think before talking. Are you seeing the price of fuel. What impact is his refinery to the common man if he said NNPCL will determine the pump price. They are all friends. Just think

@EvagreenLove 6 дней назад

Dangote is only fighting for his own pocket but he's using the vulnerability of oppressed Nigerians to achieve his goal. Nigerian REFINERIES not working should tell you a lot.

@adamibrahimmuhammad5610 6 дней назад

@@EvagreenLovedid you listen to the video before commentin?;DANGOTE WANTED TO BUY PORTHARCOURT REF. HE WAS TURNED DOWN!

@adamibrahimmuhammad5610 6 дней назад

@@plvtoiii1227he will stop pymt of subsidy to the cabals 'the govt:? God willing. By any means necessary.

@adamibrahimmuhammad5610 6 дней назад

I will rather buy dangote oil at 1k than to go with the nnnpcl adulterated and corrupt enbler oil.

@mayg7415 7 дней назад

This kelvin get head. May God increase his knowledge and righteousness

@dbrave1524 7 дней назад

I wanted to say meaning if ph refinery start's working nnpcl will sell fuel cheaper 😂😂😂 but i just remembered that ph refinery is never going to work😢😢😢 pathetic country

@samsonijaola3981 6 дней назад

It is obvious that Nigerians are yet in limbo. The clarity I want is for Dangote to tell Nigerians how much is willing to sell to NNPC and oil marketers.

@tlwiid2613 7 дней назад

I agree. NNPC is just up to no good. It's such a deceitful organization that is feared by all our past and present leaders because to refer to a popular expression "they know where all the dead bodies are buried". No leader appears able to hold that company to account or are these leaders themselves in cahoots with NNPC? That's a question Tinubu and his government has to honestly answer Nigerians.

@Allwell823 7 дней назад

Let the industry operate on "open market" basis. After all, NNPCL is now a privately owned, limited liability company! Dangote Refinery is also privately owned, just like any other private company in the country. To ensure domestioc affordability, the govt should arrange refining, the domestic crude oil allocation, with local refineries, ie. the crude oil supply will be at a highly discounted price.

@arthurigbinovia4181 6 дней назад

the sample of fuel with Dangote during his interview was very clear from what we have been buying out there

@isaacstrongtower-ws9qm 7 дней назад

GOD BLESS YOU KELVIN.

@VanHaycrafttd 3 дня назад

Saying Dangote is selling petrol to Nigeria out of Patriotism is a lie. Dangote can not compete on the international market. If he can make dollars from his products he will start an export only business.. The only thing NNPC should do to help Nigerians is to allow Tankers load directly from Dangote and other modular refineries. Then raise the standard of imported products to be better than that of Dangote.

@krunchfoodsllc3069 7 дней назад

Its sad Buhari couldn't end this crisis before he left. Buhari wouldn't allow this importation at all

@Izzy_B241 7 дней назад

😂😂😂😂😂😂😂😂😂 I’m not Nigeria but this even I know is BS

@godwinoghenede8382 7 дней назад

Which Bihari. The one that revoke the sale of ph, kadina and Warri refineries. The one that is so corrupt when he headed Nnpc as Minister

@EzekielRamadan 7 дней назад

@@godwinoghenede8382it is Yar'Adua that you speak of

@roid1510 6 дней назад

If nnpc will keep blocking the deal, the government either sacks the NNPC or opens the market to other buyers

@engr.ediyoakpanesen7260 7 дней назад

We need to acknowledge that Mele Kyari wouldn't do these things without the backing of the President. What we are seeing today is because it's been approved in the highest level of govt.

@iykekanu2662 7 дней назад

Please this man is not balanced in his analysis. He speaks like a Dangote spokesman. As a layman, I do not think that NNPC should be the sole buyer. The same NNPC that is being accused of opaqueness. Let Dangote sell directly to IPMAN and MOMAN and cut off NNPC

@thomaskyesmen4054 6 дней назад

What are you saying NNPC have been the sole buyer ever since now they fix price at N897 while they balance the rest as subsidy. Now they won't buy from Dangote meaning no subsidy for his product so how does Dangote sell at a same price with what NNPC subsidize considering his is even of higher quality.

@globalismoblackman 7 дней назад

The President should SACK all the executhieves directors of NNPCL. Look the President should sack Myele Kyari. 1 man holding 200 million Nigerians to ramsom.

@jojoobiako7875 7 дней назад

It's unfortunate that NNPCL will employ someone who only has an SSCE certificate as it's spokesman. How did we get here Nigeria? Femi Sowonye A.K.O "Tempo"😢 NNPC spoken person?

@isholaadeyemi4756 7 дней назад

If NNPCL didn't buy from Dangote they are afraid of real consumption of the product NNPCL need be probe.

@bigfrank5637 6 дней назад

He is taking instructions from someone.

@bayodeawobayiku8392 7 дней назад

Mele Kyari is bigger than 200m Nigerian.😢😊

@declobawak 7 дней назад

We have many African countries selling crude , they should buy and refine. why insist on exclusivity meanwhile you are not government owned by the way. Let them go out there and compete with other private refineries

@pee3deez-rm3gt 6 дней назад

Nigeria and Drama...

@imotumbokanaka4157 7 дней назад

wicked kevin, dangote spokes person. dangote wants subsidy

@mni5245 7 дней назад

Nigeria is very dead! I'm sorry to say. 😢😢😢😢😢😢😢😢

@karendorsett1247 7 дней назад

Is this a game. Dangote needs to look before he speaks because Nnpcl seems to be trying to play a game with him. He appears to be trusting these handshake arrangements that doesn't seem to pan out. It's like he's always being set up

@fredadenekan6177 7 дней назад

Kevin is all over with his answer and miss the question....as an Economist I expected you will help get clarity but you left me wondering if the channel made the right decision for having you on this issue...anyway like the businesses, like the government here is tackling.

@globalismoblackman 7 дней назад

You don't understand English? Seriously, smdh. Please go back to school .

@moumouniadjana8152 5 дней назад

Next time you're bringing a so called expert, please get someone that knows what he's talking about. This your guest is a joke and doesn't know what he's talking about.