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Waiting For Dangote Refinery Before Removing Subsidy — Reps - Politics - Nairaland

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Subsidy: FG To Fix One Refinery Before December — Kyari / Oil Subsidy: Reps Summon Finance Minister, Give One-Week Ultimatum / Fuel Scarcity: Timipre Sylva Speaks On Removing Subsidy (2) (3) (4)

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Waiting For Dangote Refinery Before Removing Subsidy — Reps by ijustdey: 11:40am On Feb 06, 2023
THE House of Representatives has said there was no going back on the removal of subsidy, noting that the completion of Dangote Refinery was what was holding back its removal.

Chairman of the Committee on the Economic Community of West African States, ECOWAS, Adebayo Balogun, said at the just concluded commissioning of Lekki Deep Seaport in Lagos, that subsidy would be removed as soon as the refinery came on stream.

Arthur Eze backs FG's new monetary policy
Balogun, who represents Ibeju Lekki Federal constituency of Lagos State, said fuel subsidy would be removed by April, adding that going by the Petroleum Industry Act, subsidy was to be removed by June this year.

He explained that the PIA had to be amended for subsidy to be removed in June but noted that the Federal Government had said it planned to remove it by April.

According to him, subsidy cannot be removed if Dangote and other refineries are not ready.

He said: “In the PIA, subsidy was meant to be removed in June but we had to amend the Act to fast forward it to April because the Federal Government said it will be removed by April.

“The removal cannot be done if Dangote and other refineries are not ready and so that means all these things will come up in the next one or two months.

“You know Dangote refinery also has the petrol-chemical plant which will bring the chemical we use for plastics, pharmaceuticals and others and these are the things we spend billions of dollars to import every year and this will open up other opportunities for people.”

https://www.vanguardngr.com/2023/02/waiting-for-dangote-refinery-before-removing-subsidy-reps-2/

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Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by Kingabia1998(m): 11:44am On Feb 06, 2023
Okay oo

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Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by YinkaOlusesi16(m): 11:46am On Feb 06, 2023
Bibire bayo balogun, Solu-Alade to the world. Happy to hear this from you.

5 Likes 2 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by YinkaOlusesi16(m): 11:49am On Feb 06, 2023
We can't wait oooo. Atleast removing the subsidy will reduce cost of living of Nigerians.

4 Likes

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by 377: 11:56am On Feb 06, 2023
YinkaOlusesi16:
We can't wait oooo. Atleast removing the subsidy will reduce cost of living of Nigerians.
for your dream abi

97 Likes 4 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by lexylaw40: 12:08pm On Feb 06, 2023
Nice one
Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by FalseProphet1(m): 12:27pm On Feb 06, 2023
I see dangote exploiting Nigerians once he's refinery is completed, I see fuel selling for over N200 per liter, I see people complaining, I see dangote exporting the fuel to neighboring African countries and selling to them at N80 per liter.

This I have seen.

68 Likes 3 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by savcy(m): 12:27pm On Feb 06, 2023
If Dangote didn't build one, an entire oil producing country wouldn't have one working refinery. We've been having consecutive bad leaders since 1999. So bad it's unbelievable that we're still one after 23 years.

84 Likes 1 Share

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by money121(m): 12:27pm On Feb 06, 2023
Ok
Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by yomalex(m): 12:27pm On Feb 06, 2023
We know that one already

1 Like

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by PixelPlexus: 12:27pm On Feb 06, 2023
Wat a great move
Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by NairaLux(f): 12:27pm On Feb 06, 2023
Yeye
Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by englishmart(m): 12:28pm On Feb 06, 2023
I don't know if you knew that Dangote refinery is a money laundering project. That refinery is a northern project. Dangote alone can't fund that project.
Shame on you all.

54 Likes 2 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by Yankiss(m): 12:28pm On Feb 06, 2023
Dangote will not sell cheap PMS. His monopoly of cement is telling on Nigerians. We should brace up for the outcome. He is chasing to amass dollars and become the Forbes richest man in the planet, not the welfare of me and you!

60 Likes 11 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by reiddecuti: 12:29pm On Feb 06, 2023
I won't be surprise if Dangote source his buyers from outside country. And all hope these useless government that have bedevilled Nigeria since 4th republic will be dashed.

A responsible government would have taken up the task to fixed the refinery but not in Nigeria.

Look at UK energy crisis, it was because government sold off it's assets to private sector and subsidize again thereby costing them more to checkmate the highcost of energy. At least, they have a responsible government.

For those of us relying on Dangote refinery, be ready to embrace the turbulence it will come with. What does this mean, government is indirectly handing off her role in the sector to private sector and more chaos is coming.

1) Nigeria government has hands-off in the
transportation sector.

2) They have partially hands-off in the education and health sectors. That's why we have more of private sector dominating in these sectors.

3) What about energy sector (electricity, diseal, petroleum) - partial hands-off.

4) What about security - partially hands-off.

That's why there's chaos, where the sectors record low productivity thereby creating no new jobs and the jobs out there, only few pay decent wage.

Nigeria government has failed and will continue to fail until the day we say enough. It's a pattern that has been birthed and need to be broken before any progress is made.


It is in nature of man that once a pattern is established, he will always travel round the pattern, unless it is broken by 'Discipline, Will, and Commitment'.

17 Likes 3 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by Esales(m): 12:29pm On Feb 06, 2023
This news is kinda scary... Nothing good comes out of monopoly undecided

The refineries have not worked for almost a decade now, what will make them work when someone like Dangote is their only competition?

Meanwhile, to dey browse for interesting posts no dey Taya you? Save yourself the stress and time, Join my WhatsApp TV for hilarious content right on WhatsApp. Check my signature for the phone number.

2 Likes 2 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by PHZADDY1(m): 12:29pm On Feb 06, 2023
Ana ezuzu...very soon we will wait for dangote to approve our yearly budget.

22 Likes 2 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by YoungLionken(m): 12:30pm On Feb 06, 2023
Tangible/reasonable achievement hardly occur in the Nigeria of today..

I doubt if the refinery would kickstart , from now till next year..

"We will, we will.."

PS; Peter Obi will win, no BAT can stop him...

10 Likes 1 Share

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by onadana: 12:30pm On Feb 06, 2023
Irresponsible people.Waiting for a private individual's investment before subsidy can be removed.Is it safe for us to say the refinary was built with government funds?

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Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by Kingpele(m): 12:30pm On Feb 06, 2023
Chai this our leaders are true definition of failure so if dangote decide to open his refineries next three years the evil regime of subsidy remains but we have three government refineries that are laying fallow ,why not make it work to compete with private business of dangote

1 Like

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by kingthreat(m): 12:31pm On Feb 06, 2023
Let subsidy go at abeg Lets know if we will be buying fuel 300 or 400 and live with that reality than the scarcity of fuel when you need it.

8 Likes

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by chaseblack(m): 12:31pm On Feb 06, 2023
Ok, so what has been going on is what?

1 Like

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by TheChameleon: 12:31pm On Feb 06, 2023
angry

Nigeria is too reliant on the Dangote Refinery.

Wish we were all waiting for 4 refineries to come on board simultaneously for competition.

12 Likes 2 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by umpire1st(m): 12:31pm On Feb 06, 2023
YinkaOlusesi16:
We can't wait oooo. Atleast removing the subsidy will reduce cost of living of Nigerians.
your own economics is different from the rest.
But the question is why will any sane nation wait for a private company to build it first and not nnpc b4 removing subsidy?

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Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by marlow1962(m): 12:32pm On Feb 06, 2023
Ok
Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by chukiz(m): 12:32pm On Feb 06, 2023
Bunch of fools, keep waiting for dangote, don't go and fix electricity first before you remove subsidy.

8 Likes

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by shegzhkn: 12:32pm On Feb 06, 2023
Yankiss:
Dangote will not sell cheap PMS. His monopoly of cement is telling on Nigerians. We should brace up for the outcome. He is chasing to amass dollars and become the Forbes richest man in the planet, not the welfare of me and you!

Lol.
Dangote, richest man on the planet will always be a Yankee.

4 Likes 1 Share

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by MarketDispatch: 12:33pm On Feb 06, 2023
YinkaOlusesi16:
We can't wait oooo. Atleast removing the subsidy will reduce cost of living of Nigerians.

No one has talked about how Dangote will be getting supply stock of Crude oil that will be refined.

3 Likes 2 Shares

Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by Reelmii: 12:33pm On Feb 06, 2023
cheesy..shey FG dey whine nii
Re: Waiting For Dangote Refinery Before Removing Subsidy — Reps by chudez0147(m): 12:34pm On Feb 06, 2023
I don't understand.. what does Arthur Eze have to do with monetary policy??

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