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Dangote's Price War or Love for Nigerians?

31,799 Aufrufe • vor 1 Jahr •via X (Twitter)

11 Kommentare

Profilbild von Mo_Mo
Mo_Movor 1 Jahr

Rubbish. The two situations (Petrol & Cement) aren't similar. Importation of cement is banned & that of petrol isn't. If he drives the petrol importers out with low price for him to increase the price later, then the importers will come back with cheaper imported petrol again.

Profilbild von Elise Oyin
Elise Oyinvor 1 Jahr

Nigeria Christians alert, they have rejected Christianity in Nigeria, yes the powers that be in Nigeria have come together to say they dont want Jesus Christ of Nazareth in Nigeria, We must fight for our destinies and children, read for more and what to do

Profilbild von Isildur’s Heir
Isildur’s Heirvor 1 Jahr

That’s the nature of economics. But it is not illegal and Dangote isn’t putting a gun to anyone’s head. What the “marketers” could do (and should have done even before Dangote did his own) is to find a way to manufacture locally. Form a coalition and build your own refinery

Profilbild von ADB
ADBvor 1 Jahr

Consumers will always opt for the most affordable option since fuel isn’t an investment for them. It makes more economic sense to buy at 850 rather than continue purchasing at 920, especially when some stations sell for less. If importers want to stay competitive, they should consider consolidating their businesses to compete with Dangote. At the end of the day, it’s about making profits while also supporting the national economy—not about pettiness. Fuel was never free, and after years of overcharging consumers, it’s ironic to now complain about market dynamics.

Profilbild von perfect being
perfect beingvor 1 Jahr

Dangote is only responding to naira appreciation and low oil price. Also his refinery has an advantage of economies of scale. Should oil price increase and/or naira depreciates again, his price will increase. The petroleum sectors has been deregulated and it now responds...

Profilbild von Abraham Great
Abraham Greatvor 1 Jahr

Is the rise in naira value a direct causation for price reduction? Should fuel prices be lower, the better the naira gets against the dollar? Although crude is now sold in Naira to Dangote, the production cost is still valued in dollars. Hence, price settings are determined by the global price index. The naira should dictate price, while Monetary Policies should regulate and control price hikes. Porter’s Five Forces should explain the market and predict the future.

Profilbild von T.O
T.Ovor 1 Jahr

During d presidential chat, I learnt a lot from President @officialABAT when he was asked that some middlemen are hoarding foodstuffs, he said we will increase production, until they realize the game is offer! Let the FG give more enabling environment for more refineries!

Profilbild von Foundational Ijesa Man✴️
Foundational Ijesa Man✴️vor 1 Jahr

Dangers has no love for anybody he is a capitalist.

Profilbild von Last Minute Media
Last Minute Mediavor 1 Jahr

That's the Amazon initial business model

Profilbild von /OLG_Caleb🌿
/OLG_Caleb🌿vor 1 Jahr

Dangote has no competitor, logically, competition should be Refinery vs Refinery Or Marketer vs Marketer Imagine buying wholesales from foreign farmers instead of cultivating your local land. But your are complaining that one local farmer is a monopolist, Cultivate your land

Profilbild von MEMO
MEMOvor 1 Jahr

No love from dangote. He detest competition

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