Difrent:


Which is a fair price without subsidy. And that happens to be among the cheapest in the world. Considering we are just exiting the subsidy regime ......it's a fair price

Are we earning high wages and good salaries like 1st world developed country's? Assuming most Nigerians civil servants are earning 150k to 250k monthly salary and minimum wage is 100k, maybe we will be able to afford it & poor and average citizens won't find it hard to buy 35Litres fuel every 3days to 4days.

OP,dangote refinery is operating now but our situation is still the same. Nothing has changed

How far with all these news links you quoted months ago?

Which of the investments don drop?

Quintessence44:


As some are leaving, others are coming in, while some that have been here are increasing their investments:

Shell to invest $5 billion in Nigerian economy:

https://www.ogv.energy/news-item/shell-to-invest-5bn-into-nigeria-s-offshore-oil-production

Total Energies plans $6 billion investment in Nigerian oil and gas assets:

https://energy.economictimes.indiatimes.com/news/oil-and-gas/frances-total-eyes-6-bn-in-nigeria-investment/106117343

Chinese President Xi Jinping pledges a further $4 billion investment in Nigerian economy and power sector:

https://www.reuters.com/world/chinas-xi-jinping-commits-more-investments-nigeria-2023-10-19/

Indian firms to invest $14 billion in Nigeria:

https://www.wionews.com/business-economy/indian-firms-to-invest-14-billion-in-nigeria-report-633202

British International Investment Opens in Nigeria With $1 billion Pledge:

https://www.bloomberg.com/news/articles/2023-11-02/uk-s-bii-opens-in-nigeria-amid-plans-to-boost-africa-investment

,
,

So you can either see the glass as half full or half empty.

I suggest the former.

As an economist

dangote refinery has started and things are getting messier

Should we still hold on to your postulation till December

Or

Concede that nigeria is a irredeemable, where things don't work

Quintessence44:
If you are planning to JAPA, my advice as an economist and oil industry analyst is that you WAIT.

Give it at least a YEAR from today before making the final decision.

The Dangote refinery is a game-changer.

Nigeria becomes self-sufficient in refined petroleum products, and a net exporter of same, bar none in Africa.

That’s a huge deal.

A great many businesses will be established in the months and years ahead based on our self sufficiency in petroleum products.

Millions of new jobs will be created.

In fact one foreign report states that the establishment of the 20 billion dollar Dangote refinery in Lagos officially makes Nigeria an industrialised nation.

In addition, Nigeria will stop importing diesel, petroleum products, fertiliser and petrochemicals.

“That is saving over $26 billion in foreign exchange” per annum, according to official sources.

In addition to all this, the Dangote refinery will generate 12,000 megawatts of electricity.

You can imagine the impact this will have on the economy going forward.

To JAPA right when the nation is on the cusp of economic and industrial transformation is in my view, ill-advised.

Hence I urge a one-year moratorium on all JAPA - related activities.

Happy New Year all, and God bless Nigeria.

Agent of Evil.

The same Dangote is selling a bag of cement for 7500 of what benefits is to the the Nigerian economy please anyone who has opportunity to Japan should do so this Jappa Don dey even before you and I were born e don tay wey we dey hear say e go better

Engrgreg1:
The same Dangote is selling a bag of cement for 7500 of what benefits is to the the Nigerian economy please anyone who has opportunity to Japan should do so this Jappa Don dey even before you and I were born e don tay wey we dey hear say e go better

Dangote can increase price of cement comfortably because importation of cement is not allowed in Nigeria.

If you're rich enough to afford it, you can also import petrol, aviation fuel or diesel into Nigeria

Quintessence44:
If you are planning to JAPA, my advice as an economist and oil industry analyst is that you WAIT.

Give it at least a YEAR from today before making the final decision.

The Dangote refinery is a game-changer.

Nigeria becomes self-sufficient in refined petroleum products, and a net exporter of same, bar none in Africa.

That’s a huge deal.

A great many businesses will be established in the months and years ahead based on our self sufficiency in petroleum products.

Millions of new jobs will be created.

In fact one foreign report states that the establishment of the 20 billion dollar Dangote refinery in Lagos officially makes Nigeria an industrialised nation.

In addition, Nigeria will stop importing diesel, petroleum products, fertiliser and petrochemicals.

“That is saving over $26 billion in foreign exchange” per annum, according to official sources.

In addition to all this, the Dangote refinery will generate 12,000 megawatts of electricity.

You can imagine the impact this will have on the economy going forward.

To JAPA right when the nation is on the cusp of economic and industrial transformation is in my view, ill-advised.

Hence I urge a one-year moratorium on all JAPA - related activities.

Happy New Year all, and God bless Nigeria.

Economist and oil industry analyst, how far? How market?