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There is cold war between Dangote & Tinubu. No one will build such a massive refinery, & not have their license issued. FG said the Dangote Refinery is only 45% completed, confirming David Hundeyin’s position. Nigeria’s Crony Capitalist-in-Chief will have to join our protest.

481,711 views • 2 years ago •via X (Twitter)

9 Comments

ganiu olatunji's profile picture
ganiu olatunji2 years ago

I’ve been your fan for a very long time but you thinking Tinubu being bias with dangote is wrong. Dangote been trying to monopolize everything and Tinubu doesn’t give him the chance on petroleum products. I’m not supporting Tinubu in everything but dangote is part of our problem.

Chima Echefule's profile picture
Chima Echefule2 years ago

They are at war, the FG just want everything to be imported. If not, there are some government-owned refineries that need to be fixed so they can compete with Dangote.

I Support Cryptos & AI's profile picture
I Support Cryptos & AI2 years ago

If you study Dangote business model, you will know that he doesn't like competition.

The LIGHT☄️'s profile picture
The LIGHT☄️2 years ago

Dangote is not even hiding it. He's been giving it to them softly recently

Godswill Nwankwo, Nigeria Senate Candidate's profile picture
Godswill Nwankwo, Nigeria Senate Candidate2 years ago

🚨 BREAKING NEWS 🚨 When you design and build a refinery, it must primarily be based on the quality of crude oil (bonny light, west texas intermediate, brent etc.) that you expect to process and use as feed stock. I would assume that Dangote built the refinery based on Nigeria's Bonny Light Crude Oil. I cannot imagine his refinery processing any other crude except bonny light. If he processes US or Brazilian crude, his refined petroleum products output would be garbage at best. Besides, his 650K bbl/day refinery will require exactly that amount of crude oil for regular operation - anything short of that capacity will be a big issue when it comes to operating the refinery. Unfortunately, Nigeria currently has only 200K bbl/day to spare after all JVs and future contracts have collected their share of the current 1.25M bbl/day crude oil production. Remember, Nigeria needs to sell a portion of the 200K bbl/day crude oil to generate FX revenue. So how much will they give to Dangote, and how much will they sell? With the future contracts that were used as collateral for the debts running into 20-30 years tenor, criminal Nigerian leaders have been pocketing these monies they collected as debts/loans instead of building infrastructure. I cannot even imagine how to resolve this monumental shit-show. The only thing that I can see is Dangote's Refinery becoming a worthless pile of steel that might have to be sold for scrap. The refinery will operate at a loss, at least for the next 20-30 years, if Dangote wishes to keep the refinery operational.

Tony Ajah's profile picture
Tony Ajah2 years ago

Indeed, there's a cold war going on.

#iElde's profile picture
#iElde2 years ago

Dangote is requesting that Nigeria 🇳🇬 government to stop all importation of petroleum products and direct all marketers to him. So he can continue his corrupt monopolistic business enterprise. I said it before and I will say it again. Las Las, na that refinery go cause wahala among them. In mommy Patience Jonathan's lovely voice 'korntinu' Nigeria 🇳🇬 we hail thee Ire o

Balewa's profile picture
Balewa2 years ago

Pls when is this protest starting? It needs to be like a 1million man march

The Guy's profile picture
The Guy2 years ago

Nothing new 2 see here. Just the usual case of “dogs eating dogs” within the Nigerian power circles. I bet we are hearing this bcos Dangote probably refused to allocate some of the “refinery shares” 2 some people. With these lot, it’s never about the benefit of ordinary Nigerians

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Dangote Refinery is trending because, Aliko Dangote's refinery has started selling Petrol to the public. But, NNPC will be the exclusive buyers. - Monopoly achieved ? The Vice President of Dangote Refinery hinted that should any sabotage arise, and no one buys from them, they will not hesitate to export out of Nigeria, just how they export their diesel and jet fuel. This is was yesterday, when the refinery was yet to reach an agreement with NNPCL. But, now NNPC have reached an agreement with Dangote to supply him crude in Naira. And this month the refinery will supply them 25million litres of fuel, and 30million next month. The refinery is expected to produce 650k barrels per day. But NNPC failed to provide them enough crude oil, which resulted to the delay in commencement of their operation. NNPC being exclusive buyers means that, they will reach an agreement with Dangote prompting them to only purchase PMS from Dangote for an agreed period of time. And, understanding that NNPC is in serious international debt with no international supplier willing to supply them Petrol. - One can arguably say that Dangote has gotten what he wanted, and is on course to secure Oil Monopoly. Recall that in July NNPC accused Dangote of seeking oil monopoly with poor fuel quality. Which frustrated him to to opt out of building a steel plant and suggesting that Dangote Refinery was up for sale. This morning Aliko Dangote used the opportunity to show Nigerians that the real color of quality fuel is "colorless", like water. And he assured Nigerians that, this is what they will be getting from his refinery, unlike the bad product that has been circulating the country for nearly three decades. Assuring Nigerians that their vechicles will last longer, and the environment will be safer. Dangote refinery will be the first refinery to work in Nigeria since 1996. Yet, Nigerians are saying it's not enough. That to properly combat the now natural fuel shortage, FG should allow independent suppliers to give NNPC competition.

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143,810 views • 2 years ago