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What is Going on With the Dangote Refinery Should be Seen as a National Problem -Okiti 

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The marketers and Dangote should figure out how to safeguard a national industrial strategy.
Dr. Ogho Okiti, CEO, ThinkBusiness Africa
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26 июн 2024

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Комментарии : 113   
@Peggyg13
@Peggyg13 2 дня назад
The enemies of Nigeria are working day and night to frustrate the progress of this nation. When we didn’t have refineries their was enough oil for export and import. Now that we have refineries suddenly their is no crude oil or government claim we have used the oil for collateral for the next ten years. This was why In the history of NNPC, they never refined one drop of oil for over 40 years! They were always doing turn around maintenance. NNPC is the problem.NNPC knows the moment they begin to supply oil to dangote they won’t have the chance for manipulation ! Nobody knows the real number of oil we pump out and export. That number is hidden. Dangote emergence is a threat and this guys will do anything to frustrate it.
@adabuchi77adabuchi68
@adabuchi77adabuchi68 2 дня назад
You Said it All bro, what a shame to the Nigeria Government?
@binokt3132
@binokt3132 День назад
And why do you think they didnt refine oil for 40years??? If you want a new president next week, make your refineries work! The moment they start working, my bro, your president will be changed next week. Go back to history, every president that made an attempt went down.
@penarahim8285
@penarahim8285 2 дня назад
Dangote Refinery is a national asset and must be protected by all MEANS possible. This project must not fail because millions of Nigerians standard of living will depend on it..
@nelsonamen1704
@nelsonamen1704 2 дня назад
Trash
@omoluabisojiokin5855
@omoluabisojiokin5855 2 дня назад
​@@nelsonamen1704It's a trash because your life is trash and you can never do a better thing in your life. Assume Dangote is a thief must we destroy or allow his assets in Nigeria destroyed? This refinery must be protected by all means possible. Nigeria shall be great by the grace of God Almighty.
@nelsonamen1704
@nelsonamen1704 2 дня назад
@@omoluabisojiokin5855 mumu dey talk. Nigeria is the way it is today because of ozuo like you. Most Nigerians are hopeless today because of Dangote. And he should please not forget to pay us back the 19billion dollars he borrowed from our common wealth. Dangote problems should remain and must remain his problems, him and his gangs of thieves has stolen from Nigeria enough.
@omoluabisojiokin5855
@omoluabisojiokin5855 2 дня назад
@@nelsonamen1704 some of you talk as if you're not corrupt. If he has borrowed $19b according to you, so they should destroy it? If it's your family's property you will wish they destroy it? You see young man, if you want to be great in life appreciate a great achievement. I'm not a fan of Dangote but I will never support the sabotage and destruction of a project like this not even a project built with 1 naira.
@nelsonamen1704
@nelsonamen1704 2 дня назад
@@omoluabisojiokin5855 mumu dey talk again. The corruption you fail to fight today because you benefiting from it would definitely consume you tomorrow. The problem now is that there is massive hunger in the land. No one is concerned about any nonsense Dangote refinery. Nigeria has four abandoned refinery, the mumu govt. couldn’t fix them but has the goose to borrow our common wealth to one man who’s has continuously messed up Nigeria economy by being in charge of almost everything in Nigeria. But still nothing to write home about. My question is, Is Nigeria a country or a come theif?
@malama_ka_aina
@malama_ka_aina 2 дня назад
Our leaders are working for foreign governments, not Nigerians. They put all of their assets overseas and receive education and healthcare there as well. When we become their priority, Nigeria will run perfectly.
@Therealclips-ib8bm
@Therealclips-ib8bm 2 дня назад
This is a national security issue. we need to protect our local industries.
@frankfestus114
@frankfestus114 2 дня назад
That true but is dangote really are industries is product is more expensive in Nigeria than anywhere in Africa . He as never reduces is price in Nigeria always going up
@Therealclips-ib8bm
@Therealclips-ib8bm 2 дня назад
@@frankfestus114 I didn’t know that. I’m not in the country rn. We’d have to force his hands, because this price would lead to inflation later. And if his is so expensive, what about his competitors? They are meant to offset the pricing.
@godwin-o
@godwin-o 2 дня назад
That is suppose to be common sense
@ekeneokere5898
@ekeneokere5898 2 дня назад
Other government in the us, china, Italy and the uk helps their businesses. Nigerian government must do more to support that very strategically important business.
@nebsDigos9732
@nebsDigos9732 2 дня назад
And they come to Africa to destroy any business in production.
@EmpressAisha
@EmpressAisha 2 дня назад
Your problem not national problem. When Dangote was given the Central Bank keys the poor masses were not consulted or informed. Nigerian media are unbelievable!
@emmanuelnwaneri3261
@emmanuelnwaneri3261 2 дня назад
Thanks Empress! Aliko Dangote has used his Hausa-Fulani connections 100% to get all kinds of favours/benefits/advantages in Nigeria & yet, he is not satisfied. That is how he became a celebrated-billionaire. I bet you this refinery will eventually become a white elephant that won't deliver any oil, yet all the billions sunk into it will be unaccounted-for. That is how we roll in Nigeria. Most annoying are the lazy, mainstream media who don't ask the right questions & instead dance to the tune of the rich, the mighty & corrupt politicians!
@templekanu6740
@templekanu6740 2 дня назад
So many companies in Europe, Asia and US get national funding
@waskyhenry6306
@waskyhenry6306 2 дня назад
​@@templekanu6740 Read your comment back to yourself and see if it makes sense to you.
@emmanuelnwaneri3261
@emmanuelnwaneri3261 2 дня назад
@@templekanu6740 U're right. They get "national funding" in Europe, North America, Asia, etc. In Nigeria 🇳🇬, there's no such thing. Instead u get funding, contracts based on where you come from & your connections. Dangote was funded cos he's 100% Hausa-Fulani. What about the hardworking businessmen in Aba, Alaba market, Oyingbo, Onitsha, etc who remembers them for funding? Or are they not Nigerians too???
@omonoabc652
@omonoabc652 День назад
This is a regressive mindset. Solutions to problems is the key. Contribute to the discussion in a way to solve our issues.
@alphonsuseze7885
@alphonsuseze7885 2 дня назад
Nigerian Government prefers to import finish product rather than have the local dangote refinery to refine the crude oil... you see the level of corruption in the oil sector is massive...
@quizkallie
@quizkallie 2 дня назад
Policies!, Policies!! Policies!!! Nigeria leadership is not meant to serve Nigerians. We all know this.
@mechanicg3611
@mechanicg3611 2 дня назад
The oil mafia at work smdh
@godmanibhadon5466
@godmanibhadon5466 2 дня назад
We should know that people sponsored our elections and there's an agreement and a price to be paid for it😮
@user-zx9vk4ks6z
@user-zx9vk4ks6z 2 дня назад
Dangote's refinery is Dangote's refinery. What happens to cows eating grass is national problem. Is what happens to Ibeto cement is a "national" problem?
@truethots3088
@truethots3088 2 дня назад
Our refineries they left to die should be first seen as a national strategy and national interest ...smh
@binokt3132
@binokt3132 День назад
Exactly, why are the media taking sides on dangote refineries, what happened to yours?
@aditanko4617
@aditanko4617 2 дня назад
That's what some people don't understand. That Refinery is here to help the country but some don't understand.
@adebayo6396
@adebayo6396 2 дня назад
same as dangote cement , dangote sugar are all there to help the country , learn from kenya
@user-qb6gu4bk9lBiafra
@user-qb6gu4bk9lBiafra 2 дня назад
Is the refinery for Nigeria 🇳🇬 government or for a monopoly criminal foolani terrorists?
@xfactor6099
@xfactor6099 2 дня назад
No, it's here to make dangote and the aboki, Yoruba cabal rich.
@user-qb6gu4bk9lBiafra
@user-qb6gu4bk9lBiafra 2 дня назад
Dangote is a monopoly criminal, on of the Nigerian citizens problem
@tadeojo5413
@tadeojo5413 2 дня назад
The government has sold off the crude in exchange for loans. Dangote should seek oil from other countries in Africa to refine. Unfortunately Nigeria is tied to contractual supply obligations of crude for the next few years
@nwananka
@nwananka 2 дня назад
Africans don't do business with eachother. So sad
@BroKingsleyNUzoma
@BroKingsleyNUzoma 2 дня назад
Why do we hardly get anything right???
@listenup2882
@listenup2882 2 дня назад
That's what you get with Tinubu.
@damilolaaduragbemi1838
@damilolaaduragbemi1838 2 дня назад
The guuest failed to mentioned about the oil swap from fg/nnpc with lenders deal, that is also part of the problem. Any crude oil explored in nigeria. Ioc take 60% and nnpc take 40%. Our nnpc 40% that should have being sold to dangote has being used to borrow money for the future. The Iocs know this and are taking advantage of the situation 😢
@mikeplaine1686
@mikeplaine1686 2 дня назад
I don't know whether your 60 to 40 ratio is correct, I think it was more closer to 50 to 50. Let use ur ratio, wen nigeria was producing 2mil barrel per day, 40% was 800k, by law 450k was to be left for domestic market so 350k were then possible to be used internationally by nnpc. Since nigeria doesn't have refinery, the 450k is said to be refined abroad and returned back to nigeria. Now oil has gone down to around 1.2m to 1.3m per barrel average since second tenure of buhari to now. 40% is now just 520k barrel and u know 450k daily for domestic is a law requirement meaning only 80k is left for international sells. Nnpc invested more than $2bil into dangote refinery and cbn funded all the $20plus billion it cost to build dangote at concession rate. You will think this govt that spends all the tax payers money in this will want it to work. They could easily be transferring that 450k of law requirement to dangote refinery but these selfish politicians started from ending to buhari to now taken to never level by tinubu started using this 450k asset as payment or swap for present dollars. Remember $3.3b from afriex bank to be paid back with 90k barrel of oil pay day upto 164m barrels at maturity (ie $3.3b for asset that worth $12bil now in 8yrs at maturitydate) tinubu has taken another $1bil from afriex bank and plus buhari owns, i wonder how many of these daily assets have been bartered out
@remigiusobodoeze1958
@remigiusobodoeze1958 2 дня назад
He probably doesn't know about it. The guy is slow jare
@imotumbokanaka4157
@imotumbokanaka4157 2 дня назад
bring people that are informed, who is this guy
@swald555
@swald555 2 дня назад
He is a nitwit
@remigiusobodoeze1958
@remigiusobodoeze1958 2 дня назад
You're so correct. The guy is saying nothing!..😡
@imotumbokanaka4157
@imotumbokanaka4157 2 дня назад
@@remigiusobodoeze1958 you need to buy airtime to come, bring guys that that have things to say, i just waste data
@Godismypeaceeverytime
@Godismypeaceeverytime День назад
Ethiopia has her army w several garrisons protecting GERD. Dangote and Nigeria must consider and do what is necessary.
@suleienejod2071
@suleienejod2071 2 дня назад
Eye opener
@lordgod1074
@lordgod1074 2 дня назад
Dangote and Nigerians need to be very careful . African need to wake up
@jonathanosagiede3786
@jonathanosagiede3786 День назад
The forces that didn't allow other refineries to work so that Nigeria will continue to import fuel and enjoy trillions in subsidies will always sabotage any attempt to stop importing fuel from abroad. Local and foreign forces are involved, but unfortunately , we don't have leadership.
@thomasassim-ita1787
@thomasassim-ita1787 2 дня назад
It's only God that will save Nigeria from itself. How can this happen in a country like ours? This man surmounted every roadblock to build this refinery. He has completed work just when the refinery is about to jumpstart production in July is when we're having fire outbreak? There's no explanation to this incident. I can't see this happening to an American or European company. These countries and regions protect their industries. The same they did to PH and Kaduna refineries that are moribund today. We should see this as economic sabotage and nothing else
@nuraumar1233
@nuraumar1233 2 дня назад
Exactly, it might be an act of economic sabotage... Nigeria and it's populace shall win in Sha Allah....
@nimnlm8372
@nimnlm8372 2 дня назад
I like when people come up with opinions to attach themselves with something that is a success when infact no one believed in him when he was doing the refinery. Africans should learn to support each other even when the seed is just being planted. Now it is a national asset when Government officials were supporting the initiative. They did not even put a single penny. They did not even associate themselves with the refinery or shield the properietor from global politics and the mafias he had to deal with. We need to do better Africa. 🙏🏿
@sambiajeali3205
@sambiajeali3205 2 дня назад
@@nimnlm8372 The CBN gave him trillions. The government supported h8m with zero interest rate loans.
@larryenobakhare9040
@larryenobakhare9040 2 дня назад
This guy is crazy
@AndRoid-km7qr
@AndRoid-km7qr День назад
Enemies of Nigeria at work both within and without
@adamsow5049
@adamsow5049 2 дня назад
The matter tre everybody oo.
@itsasmallworld2012
@itsasmallworld2012 2 дня назад
Please what is national harset, abi my ear dey pain me ni 😅
@du5707
@du5707 2 дня назад
Nnpc is likely to favor exporting crude oil where they can play games with dollar inflows and oil theft. Nigeria is fond of frustrating people business. The IOC must be compelled to supply crude oil to dangote and other domestic refineries even if it means ending the exporting of crude oil. Let move from exporting raw resources to manufactured products. There is more value on manufacturing.
@thomasassim-ita1787
@thomasassim-ita1787 2 дня назад
The government did not have any plans for Dangote refinery. I can't understand why a local refinery cannot get crude supply from Nigeria. People benefit from all these roadblocks and I'll preparedness by our government
@samchs222
@samchs222 2 дня назад
Your government has sold your crude oil to it's debtors. There are contracts in place when your yeye government makes deal to get debts.
@osagieosarefe9685
@osagieosarefe9685 2 дня назад
The goverment is not yet serious. If They are serious and they care for the citizens of the country they know what to do. The people behind all these are human beings, most live in that country. Let us know them and bring them out for sacrifice.
@wunifatawu1863
@wunifatawu1863 2 дня назад
I am Ghananian listening to the program. I have difficulty with your guest pronunciation. What is Himporting , strahagy and Hasset? Please it's importing, strategy and asset. Nigerians, please learn how to pronounce words properly.
@diligenceeke3023
@diligenceeke3023 2 дня назад
Your ignorance is beggars belief! You must not have travelled out of Ghana. In Europe people from different parts of Europe speak English with varying levels of mother tongue influence. Your post is so disrespectful and reeks of ignorance. That guest is one person from a certain part of Nigeria. And because of that one guest you are asking Nigerians to learn how to pronounce. Do you live under a rock? Furthermore, the essence of language is communication. You understood those words and yet went ahead to write this drivel.
@usman3379u
@usman3379u День назад
The man is African, English is not his native language. We would have preferred to listen to him in an African language. Not the language of our colonial masters. So give me him/us a break. House N...a😂.
@imotumbokanaka4157
@imotumbokanaka4157 2 дня назад
bros you are journalist but atime u ask questions like uber drivers, nigeria have sold 3 years in advance to collect money during buhari regime, dont u know that? advance sales, dangote have to buy from those guys, he knows that
@Kolo86
@Kolo86 2 дня назад
For so long, some tribes in Nigeria find it discomforting that aboki is the richest man in Nigeria or even africa, Africa investing $20B they believe making this investment moribound will pave way for their people to emerge. DANGOTE PMS WILL FLOW IN THE ARTERIES OF AFRICAN ECONOMY AND HE WILL BE RICHER... next project aboki will buy the Ajekuta steel company. Lol..
@akunneogalanya4929
@akunneogalanya4929 2 дня назад
Maybe we should ask around to the indigenous people of that area. They are PHD’s in sabotaging things.
@nebsDigos9732
@nebsDigos9732 2 дня назад
Refinery in Nigeria! Refinery in Nigeria!! Refinery in Nigeria!!!, my guys any body that can write history or story of Nigeria since 70s will understand the heads and government that have fallen because of refinery in Nigeria. They left Dangote and Nigeria government to spend a lot of money to finish it to put it off. Dangote Refinery will enter maintenance mode. Countries will be exporting refined fuel to Nigeria and the youths of Nigeria will be migrating to those countries to work, because they want to be creating jobs in their countries. Nigeria is a country in Africa and is in the group of consumption not production.
@Sayitasebe
@Sayitasebe День назад
Lol,instead of fuel , na fire , awon were
@nwananka
@nwananka 2 дня назад
Dangote told you the fire was nothing. Why una dey talk like this, don't trust the statement? Lol
@abrahameyo4093
@abrahameyo4093 2 дня назад
NNPC is owned by the British government 😂
@firebabe5845
@firebabe5845 2 дня назад
Nigeria is rotten
@jonahigbokwe394
@jonahigbokwe394 2 дня назад
You guys ain't seen nothing yet. Sabotuers are at the helm of affairs of the country. Importers of petroleum products will ensure that you don't produce or that your refineries do not work. Importers of generators will make sure that you don't have 💯 electricity availability. Until the government comes out to address these issues, don't expect any thing different from the quagmire the country has been pushed into. It's a case of billionaires making sure that the citizenry don't breathe.
@MadeGreatByGrace
@MadeGreatByGrace 2 дня назад
My fear is that Dangote being a near monopoly might endup frustrating Nigeria in the longrun just like the cement industry
@thatoneguywholovesthena-4529
@thatoneguywholovesthena-4529 2 дня назад
There are local refineries tho, so I don't get how it's a monopoly, we have the Kaduna refinery, Warri refinery and multiple modular refineries it's not anyone's fault if the NNPC isn't serious enough to compete. Onto the matter of the cement, Bua is there so again, I do not understand where this idea of him being a monopoly is coming from
@sambiajeali3205
@sambiajeali3205 2 дня назад
We all know what Dangote did to BUA.
@Peggyg13
@Peggyg13 2 дня назад
No! We won’t and can’t be a monopoly. Their are other refineries coming online. BUA, NNPC & several other medium, small & modular refineries. We are likely to have over capacity in the near future. The problem is that this mafia people just don’t want Nigeria to progress. Their was always oil for export when their was no refinery. Now that we have refinery suddenly no more crude oil. Several lies are been told.
@MadeGreatByGrace
@MadeGreatByGrace 2 дня назад
@@thatoneguywholovesthena-4529 I used the word "Near monopoly" because it is risky to have just 2 or 3 players in such a critical industry. They could easily form a cartel and begin to dictate price year on year as it is the case presently in the cement industry.
@templekanu6740
@templekanu6740 2 дня назад
Edo has one. There is another in Imp too
@ebibomodi4259
@ebibomodi4259 2 дня назад
Let Dangote give Tinubu 10% of the refinery shares and all this problem will cease
@derysylvester3180
@derysylvester3180 2 дня назад
Confusd country. Are u guys still asleep?
@abrahameyo4093
@abrahameyo4093 2 дня назад
This man is too weak and scared to talk the truth... Abeg bring someone that knows the oil business terrain and solutions to talk.
@ausrinpageugbaja9499
@ausrinpageugbaja9499 2 дня назад
This man speaking for his pocket. These are scammers with Dangote . Monopoly of dangote over 250 millions Nigerians should also look into
@tennysonkalu5888
@tennysonkalu5888 2 дня назад
No body in Nigeria should support Dangotte.He is looking for monopoly
@joguns8257
@joguns8257 2 дня назад
And AirPeace is not lookingfor same?
@larryenobakhare9040
@larryenobakhare9040 2 дня назад
Dangote is Nigeria 🇳🇬 worst problem monopoly businesss bcos the system is corrupt
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