Marketers explain why they can’t import fuel now.
Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote, licence to begin the importation of Premium Motor Spirit (PMS) or petrol into the country pending the completion of the 650,000 barrels per day plant at Lekki, Lagos, Nigeria.
ENERGY TIMES reliably gathered from top Presidency sources that the imported fuel would be discharged at Dangote barge and pumped into tanks and would sell at market dictated price to marketers while work progresses at the refinery.
READ ALSO : Peter Obi at YCP program in Lekki (video).
The choice of Dangote to bring in the product was informed by NNPC’s 20% minority stake in the refinery.
NNPC is investing $2.76 billion deal in the plant which is paid in cash.
The second payment would be through crude sales, and the last payment would be through profits made by the company.
Another one third of the money, it was learnt, will be paid through supply of crude, with the deduction of a maximum of about $2 and some cents. And then the one third of it, which is another $850 to $900 million, will be paid from the profit they are going to make from the business.
At the commissioning, Dangote said that the first refined petroleum products from the refinery would hit the market before the end of July or August 2023.
But checks revealed that the $19billion refinery was at 88% completion stage with some equipment still being expected to be delivered by their manufacturers while those that have been fitted were yet to pass integrity test at the point of commissioning. Besides, work on production lines including electrical works are largely behind schedule, it was gathered.
“With equipment still being expected and an integrity test yet to be conducted, I don’t see the refinery coming on stream until March 2024, the main reason why Dangote was granted a permit to import fuel pending the completion of work on the refinery,” the source said.
Ladies and Gentlemen….. Welcome to another scam….
You see, most people are beginning to understand this scam called Nigeria 🇳🇬.
Have you seen their plan?
a. Pull their collective resources, invest in Dangote Refinery.
b. Create the Hoax that Dangote Refinery is completed… Tag it as Buhari’s major achievements (private individual)… Commission an incomplete project… Lie.. Lie lie…..
C. Quickly remove subsidy (in quote… are you sure it was removed? Where is the money they removed from it?) to plunge Nigerians into hardship…
d. Hike the price via NNPC to have a national unitary hiked Pump ⛽ price…
E. Boooom… Give license to only Dangote (the poster guy for their group investment)….
F. Dangote imports same fuel with Government support (same subsidy)….make Nigerians believe it was from his Refinery.
G. They sell same imported and Subsidized fuel (for Dangote) to Nigerians for a hiked fee.
H. Nigerians rant… Shout for two days on social media and move on…
Life continues…. The same corrupt and evil leaders keep sucking Nigeria’s resources dry and the few disgruntled bigots would still come online to defend them using all sorts of English language….
Who did we offend in this Country….
They all know Tinubu being on that seat would regitimize crime in the government….
Only The Judiciary can save this country now….!!!
Wake Up Nigerians…