Babatunde Ogebule

Serial Entrepreneur | Investor | #BigData #IoT #Analytics #ML & #AI Enthusiast | Nation Builder | Philanthropist |
Love God, Love People | CEO, Babs Oges Group

[Babatunde Ogebule @babs_oges]

https://t.co/2UjfKP1hkS

[Farmer Akin Alabi® @akinwale_cfi]

In 2018, i once had a snake 🐍 bite on the #farm & it was a little bit difficult to get medical attention because the distance to nearest clinic 🏥 NOW fast-forward to 2024, getting medical attention has been MADE EASY with HealthGo @healthgoHQ

Click on the link for more information: https://t.co/7kpfd1KiBn

[allAfrica.com @allafrica]

“I would therefore like to propose that the African Development Bank, Africa Import-Export Bank, and all regional financial institutions pull resources to support the emergence of a globally respected African media company that will position the news of Africa to the world. Africa must shape its own narrative, and not depend on what others think about it or the perspectives they prefer to share about it, its achievements, and opportunities” — @AfDB_Group president @akin_adesina keynote address @ the #allAfricaMediaSummit2024 #AMLS2024

[Dr. Akinwumi A. Adesina, CON, CGH @akin_adesina]

Leaders must be pragmatic not dramatic.

[Woye @woye1]

Most of the yams exported from Ghana to UK actually originated from Nigeria.

2. Our challenge is not even custom or smuggling but the ability that our farmers and off-takers to understand export requirements.

3: Smart Nigerians can make money, if you understand agricultural exports requirement from the inception of planting. You can export to UK, USA, Asia and EU countries.

4: You don’t need to own a farm. Just form an out-growers with specific farmers and crop. Farmers will be happy as they are smiling to banks.

4 (b): Learn from the out - grower system of @wacotriceltd

5: Buy their produce at a good rate.

6: Pay them deposit so that there is financial commitment between the two parties. You can even setup a cooperative. That improves financial inclusion.

7: Hire an agricultural extension worker to guide the farmer.

8: harvest time. Harvest the yam and process it for export.

9: @CustomsNG and other security agencies must help farmers to secure good deal by dealing with food smugglers.

10: abroad people, there is money at home to make from export.

11: if you eat yam from Nigeria and yam from Ghana, una go know the difference. Ghana exporters and the govt are making money from Nigeria.

12: Someone should write a proposal to state Govs to organize a workshop per each Senatorial district to train farmers on export. This is a low hanging fruit to earn FOREX.

[Netherlands 🇳🇱 in Nigeria 🇳🇬 @NLinNigeria]

🌱 Calling all innovative Horti entrepreneurs! 🏆 Nominations for the 'Agropreneur of the Year' is now open.

Submit your short video nomination and find out the winner at our networking cocktail reception.

Tell a friend to tell a friend 😉

#NLinNigeria #HortiTradeMission

[Sanusi Dantata @SasDantata]

WILL PETROL PRICE CRASH?

Well, well, well, it seems like the burning question on many people's minds is whether the Dangote Refinery will bring the pump price of petrol down. The answer, my dear friends, is a resounding "it depends!"

Now, let me break it down in simple terms, and please others with more knowledge can chime in with their own knowledge and insights.

1.) The cost of crude oil, the exchange rate of the Dollar to the Naira, and government interventions (i.e., subsidies, taxes, levies, etc.) are the biggest factors in determining the price of petrol, diesel, kerosene, and other petroleum products to the consumer.

2.) Nigeria will sell crude oil to the Dangote Refinery at international prices. If it sells it for less, it would be a form of subsidy.

3.) Today's crude oil price is hovering around $73 per barrel. This translates to approximately NGN 90,000 per barrel.

4.) A barrel of crude oil yields about 170 liters of refined products. If you divide NGN 90,000 by 170 liters, you get NGN 530 per liter.

5.) So, the cost of the raw crude oil alone comes to about NGN 530 per liter. That's how much the Dangote Refinery would pay on average per liter of products it produces.

6.) Mind you, petrol production costs even more, so adjusted for that, petrol would cost more per liter, say N600 per liter.

7.) Next, you have to consider the actual cost of running the refinery, the Dangote Refinery margin, taxes and levies, transportation to various gas stations across the country, and the retailers' margins!

8.) So the actual cost (not talking of any profit for anyone) with today's exchange rate and the price of crude oil already makes the cost to a number that is a lot more than NGN 600 per liter

9.) By the way, the reason why PMS is now selling for around NGN 620 - 670 per liter today is because the NNPC is subsidizing it.

Now, back to the original question: Will the price of petrol come down? The answer is "it depends!" There are many factors at play here!

If the excahnge rate comes down, or if the price of crude comes down, the price should come down. And vice versa!

That said, even if the price of petrol doesn't come down, the refinery will be great for Nigeria in a number of ways:

1.) Fueling Job Creation: The refinery is expected to create thousands of direct and indirect job opportunities.

2.) Saving on Forex: Nigeria will no longer need to import refined petroleum products, saving billions of dollars annually. Nigeria can now spend that money on other important things.

3.) Stabilizing the Naira: Petroleum products are the biggest drain on the nation's forex. Eliminating this demand will create more supply of dollars than demand, reducing and ultimately stabilizing the value of the Naira.

4.) Reduction in Inflation: If the exchange rate comes down, inflation will naturally come down as well.

5.) Boosting Local Industries: The Dangote Refinery is like a superhero, swooping in to save the day for allied industries. It's like a rising tide that lifts all boats.

6.) Ending Fuel Shortages: With the Dangote Refinery on the scene, Nigeria can finally say goodbye to those pesky fuel shortages.

7.) A New Era of Self-Sufficiency: The Dangote Refinery is set to make Nigeria self-sufficient in petroleum refining, which is a huge step forward for the country. It's like learning to make your own cake instead of always relying on your neighbor to bake it for you.

So, there you have it, folks! An analysis of the possibility of petrol prices coming down and the potential impact of the Dangote Refinery on Nigeria's economy explained in a simple way.

[Dr. Akinwumi A. Adesina, CON, CGH @akin_adesina]

Global Africa! Congratulations @AlikoDangote on the commencement of operations on your $19 Billion refinery complex, the largest single train refinery in the world. You achieved this incredible feat against all odds!! Africa is so proud of you!🏆✋🏼

[temilade @theglobaltemi]

There is more. This is not the best.
There is so much more.

[Bolaji Idowu @pastorbolaji]

seeking for approvals?
immigration, academic,project or career? You can use this prayer guide
1. Father ,touch the heart of those deciding on my approval to favour me
2. Lord , grant me wisdom in the preparation process
3. Anywhere there is a gap, let the mercy of God speak for me .
Retweet , if this is helpful !

[Bolaji Idowu @pastorbolaji]

When you are told you can’t or this is impossible , tell them this is a job for EL SHADDAI

[John C. Maxwell @TheJohnCMaxwell]

Investing time into reflecting, reviewing, and planning for the coming year will significantly shape your success in the year to come.

[Babatunde Ogebule @babs_oges]

Amen!!! 🙏🏼🙏🏼🙏🏼

[Donald @RealDonaldDoo]

You’ll marry well.

You’ll not marry a person who has made God their enemy.

You’ll not marry a person who pretends to be a child of God.

You’ll meet and marry a genuine child of God, one that together you’ll fulfill destiny and raise kings and queens to testify of God’s glory.

[Dr B @D_Transcender]

No gree for anybody this year

Also,
No gree for fear
No gree for lack and poverty
No gree for self doubt and imposter syndrome
No gree for small thinking and mediocrity
No gree for pride
No gree for devotional inconsistencies

This is your year
Occupy!

[Okodugha Olushola @SholaOkodugha]

This year, you would have so much money to achieve any dream God puts in your heart.

[Dr. Grace Ihejiamaizu-Paul @graceiheji]

Top 50 Fully-funded Global Opportunities currently Open to Africans including:

Fellowships ✅
Conferences ✅
Scholarships ✅
Competitions ✅

Open thread and retweet 📌

[Kalu Aja @FinPlanKaluAja1]

China is a big market because the Chinese have connected everything

Shanghai is connected to Ningbo which is connected to Qingdao which is connected to Shenzhen etc etc

The Chinese then go further and connect their manufacturing power with other countries like Laos, Pakistan and Russia (even Kenya)

The Chinese became rich on the back of export trade but also because that export trade is made possible by local logistics that boost productivity

[temilade @theglobaltemi]

There is something called “false humility” and it has hindered many young people from taking their rightful position.

See, if God has called you light, and you are hiding, I’m sorry, you are not humble. There is nothing humbling about NOT BEING WHO YOU ARE CALLED TO BE.