Account stuck at 65.5k followers. Looks like it has been shaded or under some restriction. Kindly place a comment a like or a repost. Let me see if I can get 50,000 impressions with this. Thanks.
Maybe a match prediction will help. Post your prediction in the coke post below and repost it. Lucky Xers will be selected. Spain or Portugal... who goes through?
Landing cost: free at last!
By Tahir Ibrahim Tahir Talban Bauchi.
It depends where your lens is at: whether you are viewing the Dangote/ formerly Faruk of NMDPRA saga from a patriotic lens or from another type. I have long been an enthusiast of the arrival of a new entrant in the oil industry and a refiner at that after decades of fraudulent importation regimes. Late PMB labored to have Dangote refinery completed, bullishly providing foreign exchange as a FG investment for the completion of the project. There was a memorandum too in place which stipulated how the relationship would work. But somehow the NNPC withdrew from the invesment and pegged its stake at the already committed funds value. President Tinubu continued to complement fPMB's efforts as the Dangote refinery would never have come to light without his vision anyway. The free trade zone at the Ibeju Lekki area where Dangote refinery is housed and the re-enactment or facilitation of the naira for crude deal between Dangote refinery and the FG to mention some of President Tinubu’s efforts. Now after over 3 decades of importation and subsidy fraud we finally have the much needed energy security we have always yearned for. A world class refinery with huge and expanding capacities. But alas, just the way FG refineries were run aground and left underground, the power players in the oil industry came for Dangote refinery. Concerted efforts both foreign and local were losing their golden fleece and the importation routine that guaranteed billions like wildfire for them, was facing a death knell and they initiated frantic efforts to frustrate it. From insinuations of being incomplete, to rubbishing of its quality to aspersions of its supply capabilities, it was one joker after the other as they reeled out hoops for the smooth take off and running of the refinery. But like the biblical Noah's arc the refinery was built and built strong enough to weather the storm.
Those arguing monopoly are taking us for dunces. Dangote as a manufacturer is not on the same value chain level as the importers/ distributors of petrol. There are different kinds of monopolies and the Dangote refinery in Nigeria is a natural monopoly and at worse a govt monopoly. Unfortunately for Nigeria the govt owned refineries had been driven aground and so oil refining is resultantly in private hands which one would have thought of as a blessing, and a masterstroke that consolidates on less govt participation and more private sector inclusion in business. But the economists or digital experts on everything are egging govt on to continue to participate at levels they have no business doing. Dangote is the only producer that can supply the country at the finest prices and has evidently continued to drive down prices and that is a natural monopoly. Those importers are opportunists and spoilt brats at best who enjoy privileges and opportunities to get licenses, access slightly cheaper foreign exchange as "preferential importers", and then go ahead to supply unscrutinised sub standard petrol to the market while also charging consumers for premium quality products. The rip-offs pile up as profits for them since subsidy is officially gone. We the consumers have become their new subsidy purse and we pay heavily to sustain their lifestyles. Don't forget the bridging receipts industry which is another fraud mine as it hardly reflects in harmonised prices across the market. You find that arbitrary price differences are prevalent the further away you are from the Lagos vicinity. Then you have several unions that charge millions per truck before you see this golden product.
The people are usually up in arms against govt policies and implementation. Ironically the people are for stricter regulation. They are in support of erroneous and extremist regulatory tendencies against Dangote refinery which could eventually cripple a 33 trillion naira investment.
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