Fuel markets are complex, but commercial logic is often simple.
Recent claims have suggested that products produced locally are exported to neighbouring countries and then re-imported into Nigeria. Before accepting such claims, it is worth asking a few important questions:
• Does it make commercial sense to incur additional shipping, storage, financing and handling costs only for a product to return and compete in its largest and closest market?
• Who benefits financially from such a transaction?
• Where is the value created along the chain?
Nigeria remains one of the largest fuel markets in Africa, and domestic demand remains the priority. Exports occur only for volumes not purchased by domestic marketers.
As with any market discussion, facts, economics, and commercial realities matter.
Swipe through to understand the commercial logic behind the conversation.
#DangoteRefinery #EnergySecurity #DomesticRefining #FuelMarkets #NigeriaEnergy #Industrialisation #MadeInNigeria
@Acts17David@JMNewsNetwork_ Also, the verse in Surah al-Baqarah (2:282) explicitly mentions the wisdom behind this guidance: "so if one of them errs, the other can remind her." This aligns with providing a collaborative support system in specific legal/financial testimonies.
@Acts17David@JMNewsNetwork_ The wisdom behind this guidance is rooted in mutual support. As noted in the Quran, having two witnesses ensures that if one lapses or experiences cognitive strain, the other can remind and correct her, safeguarding the accuracy of the testimony.
@Acts17David@JMNewsNetwork_ Islamic jurisprudence often accounts for various biological and psychological factors, including hormonal cycles, to ease the burden of testimony. The provision of two female witnesses is designed as a collaborative measure, ensuring accuracy and mutual support.
After much reflection, I have decided to resign from my position as Director of the National Counterterrorism Center, effective today.
I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.
It has been an honor serving under @POTUS and @DNIGabbard and leading the professionals at NCTC.
May God bless America.