SMH.....and wondering why anyone thinks things are going to improve......
Also the homilies paid to older people and dead people.....I always wondered why it seemed every dead or old person had been wonderful.....even though everything is all screwed up
The only issue I see with government's deal with Dangote is the fixing of the exchange rate. It should have been the going FMDQ rate, since there would ultimately be some earnings in dollars.
In the end, the rate chosen won't be far from the FMDQ exchange rate.
Also, the program isn't just for Dangote, as there are other smaller modular refineries in Nigeria. Of course, Dangote would benefit the most from it. But he needs all the help he can get from the government.
There were other small cement manufacturers in Nigeria when Dangote started courting favours from the government. Where are they now?
Dangote isn't the only one that needs help from the government. Every Nigerian business does. This deal only guarantees Dangote's survival at the expense of every other person. What Nigeria and Nigerians need is fair practice in the oil and gas sector.
Correct. Even if you lock the borders and ban all foreign competition, you absolutely must ensure there is internal competition. At a point China had something like 800 cement manufacturers and the internal fight was brutal and far more than any external fight. Today the survivors of that fight are global champions and they are the ones doing everything for Dangote from digging up the limestone to manufacturing the cement.
The problem with Nigeria is that the same hand used to ban foreign competition is also used to stifle internal competition. So the country gains nothing from any protectionism it implements.
Like I said earlier, we need fair practice in Nigeria's oil sector. This deal with Dangote doesn't solve that issue. It also doesn't guarantee we will have enough petroleum products for the country.
well, this is Dangote being Dangote and Nigeria being his sidepiece...
nothin new...
LOL
Plus ca change…
SMH.....and wondering why anyone thinks things are going to improve......
Also the homilies paid to older people and dead people.....I always wondered why it seemed every dead or old person had been wonderful.....even though everything is all screwed up
The only issue I see with government's deal with Dangote is the fixing of the exchange rate. It should have been the going FMDQ rate, since there would ultimately be some earnings in dollars.
In the end, the rate chosen won't be far from the FMDQ exchange rate.
Also, the program isn't just for Dangote, as there are other smaller modular refineries in Nigeria. Of course, Dangote would benefit the most from it. But he needs all the help he can get from the government.
There were other small cement manufacturers in Nigeria when Dangote started courting favours from the government. Where are they now?
Dangote isn't the only one that needs help from the government. Every Nigerian business does. This deal only guarantees Dangote's survival at the expense of every other person. What Nigeria and Nigerians need is fair practice in the oil and gas sector.
Correct. Even if you lock the borders and ban all foreign competition, you absolutely must ensure there is internal competition. At a point China had something like 800 cement manufacturers and the internal fight was brutal and far more than any external fight. Today the survivors of that fight are global champions and they are the ones doing everything for Dangote from digging up the limestone to manufacturing the cement.
The problem with Nigeria is that the same hand used to ban foreign competition is also used to stifle internal competition. So the country gains nothing from any protectionism it implements.
There's Lafarge? There's BUA cement? Ibeto?
There's even way more - https://blog.buyletlive.com/research-insights/top-cement-manufacturers-in-nigeria/
But he has effectively monopolised the industry. That's his intent for the oil sector.
Where's the evidence of this "monopolisation"? I just gave you a list of multiple competitors in the cement industry.
As of today, no local producer is providing enough petroleum products for the country but you are focusing on stopping a monopoly 😉
Like I said earlier, we need fair practice in Nigeria's oil sector. This deal with Dangote doesn't solve that issue. It also doesn't guarantee we will have enough petroleum products for the country.
Haha…hilarious!