'What Is Happening To Dangote Is Not New’, Economist Dissects Activities Of NMDPRA, NNPCL
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- Опубліковано 6 вер 2024
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This man is a blast!!!
He is well informed.
Ha! Bro he blows my mind open. Add more anger to my anger for the failing company nigeria
All the senior management staff at NNPC and its subsidiaries should be relieved of their posts for things to work in the oil sector in Nigeria. Period.
NNPC has 4 refineries
Dangote has 1
BUA has 1
Waltersmith has 1
Many other small scale refineries also exist
So how can we say Dangote is a Monopoly?
Is there any law stopping others from setting up refineries?
This interview should be packaged and sent to the Federal Executive Council with an advice that they study the submissions of the doctor diligently and implement all his recommendations and also heed all the warnings he made sufficiently available, for the sake of the future of the Nigerian economy. God bless you Chamberlain and Maupe
This man is teaching!! He cannot be interrupted 😂😂
Lmao he was on a roll
AM here because of Dr. Nnaemeka..the man is fire
I always cringe when I hear the phrase ’honarable minister’ in African’s public service. It’s a joke, it’s not earned until the rampant corruption and self-service is over
You are not correct, but you are very very very 💯 correct.. There is indeed nothing honorable about a theves stealing millions of public funds.
Alico Dangote should seek Burkina Faso citizenship; he needs someone like Ibrahim Traoré beside him
I believe is people like you that are frustrating dangote, people that don’t like our beloved country, everybody is seen problem but you guyz don’t notice that a big change is happening in our oil and gas sector, before a change you should expect a fight and that is what is happening now, pray for Nigeria
@@AfroVistaChronicles001 Very good points
@@AfroVistaChronicles001 quiet your mouth, Ibrahim Traore is strong man, i got his point
Yup dangote should have used his economic power to put a candidate that would have joined AES. Niger has alot of oil.
He needs to go into politics choose a young dynamic candidate to back in the campaign. Mobilizer the so-called Gen Z.
I love listening to this Man he's too well informed 😊
Many well informed experts but we talk talk talk talk talk talk talk and talk but no action.
After few days the matter will be swept under the carpet and no one will talk about it again.
What is the update on beta edu?
Nothing
What about the case of Samoa Agreement? Forgotten also.
@@AlhassanYauri Are blaming the expert for talking and saying how things should be done or you would blame those govt agencies that lacks proper coordination to be proactive in their dealings
@@AlhassanYauri If they don't talk everybody will be in the dark as regards what is going on.
If dangote had carried his 20 billion dollars to Zambia, Ghana or South Africa, they would have hurriedly given him ease of access. But some foolish people in Nigeria are trying to sabotage him because he is going to reduce their illicit earnings. May God punish all of them. Let dangote keep shouting from the rooftops, after investing 20 billion you want him to keep quiet
No sympathy for dangote, he is part of Nigeria many problems, how sure are we this is not another conspiracy against Nigeria and Nigerians
How is he part of the problem? He is not a politician last time I checked. He is a businessman just like you are@@nwankwochukwuma4430
@@nwankwochukwuma4430Lool fool
Big fool indeed and bad belle people
@@nwankwochukwuma4430keep quiet!!!! Someone put in 20 billion dollars and you are writing.......
This Man is a Blast and Beast when it comes to this Field
He is so much well informed .
Who says the petroleum minister doesn't know what is going on in the industry. Nigerians should shine their eyes,.
The president is the petroleum minister.
@@ABCD1234-user-x3v Exactly
I like this guys Sarcasmsim.... Mr President is not aware 😅😅😅
I disagree with him on having the doors opened to importation. Rather, import should be controlled in such a way that it does ruin local producers who already suffer competitive disadvantages. How do you expect Dangote Refinery to compate when they had to build their own power, roads, seaport, train local manpower overseas, and provide all auxiliary business support infrastructure to run a business. These are costs that the foreign competitors do not have to bother about because the infrastructure to support their businesses are already provided by the government and system. All they do is pay taxes and service fees. Dangote refinery having to provide all these things simply shoots up their cost of production which funnels down to the pricing for their products.
So, the government needs to find a balance to either continue to rely on import while the economy bleeds, or support local producers to develop the competence and scale to compete in the long run. This is what China has done very well. They know they didn't stand a chance against western competitors. So, the Chinese had to strategically control entry into their market at the initial stage to allow their local brands to develop the capacity to compete. Yes, the chinese consumers may suffer price disadvantage in the short-run because they would have had to pay a littel bit more for products produced locally, but in the long-run, we see they are better off as the Chinese companies are now able to hold their own and compete. In short, western governments feel threatened with the way the Chinese brands are advancing on the global market space. They fear their companies could lose grounds in the market place. You see what Huawei and BYD are doing in the telecom and electric vehicle sectors, right? That is what we call a startegic push to take over the market. Sensible governments support local brands to take on the market because this, in turn, supports the growth and development of their respective economies.
Why can't Tinubu put a call across to his peers in Africa, especially those closest to our borders and say: "guys, why buy products from the West, we have got Dangote Refinery to supply your petroleum products; we have got Innoson to supply you SUVs; we have got Proforce to supply you military wares." He should apply his diplomatic muscle to market Nigerian brands and companies, instead of allowing his men to demarket them.
We just need to be smart and tactical wth governance in Nigeria. God has blessed and positioned us to control the African market, but we are holding ourselves back and allowing the Chinese to run the game. Nigeria should be an industrial and manufacturing hub to feed the African continent with products. This is where the Dangote Refinery comes in. The refinery should be supported to feed the regional markets in West and Central Africa. Just sad that the government through one of its agencies is instead demarketing the refinery. We have dumb people in leadership positions in Nigeria.
I blame Dangote for choosing to invest in the oil sector. He could have left Nigeria to continue to suffer humiliation before the world, a leading crude oil producer that import all the oil products it consumess. He could simply left his funds with Blackrock, Fidelity or Vanguard asset managers and earn yields on them while vacationig in the Bahamas or Dubai. Now, see how fast he is aging because his whole life's work is on the line. If Dangote refinery fails, Dangote's finacial position would be irredeemably damaged. I hope is health stays good in the midst of his current travails.
Nigeria is such a mess. The problem is not leadership. It is followership who have choosen to tolerate the bad behaviour of the leadership.
With love from Texas, United States!
So if he decides to sell at any price favorable or not we should still buy from him because he invested in Nigeria
Comprehensive analysis ❤
To your third paragraph, Mr. President would never do that because he's part of the tribal bigots in the country. As far Innoson isn't from his tribe. As for this Dangote mess, the problem in the petroleum sector predates him.
He's still wrapping his head around the mounting issues in that sector, dating back to the Abacha regime
Nicely said brother, we as citizens need to start asking questions from the government in one voice, demand answers, let them explain with facts.
When you are highly intellectual,Nigerian issues will make you want to run mad
oh my friend you have not been in the DRC yet...i think both can compete on that field
Even if we have 1000 of the guest speaker talking 20 times a day on these issues for the next 7 years, things will still remain the same. The general public is too docile to demand accountability. In saner climes, this revelation will warrant the sacking of the government.
Why can’t the TV stations visit that eco system to investigate the locked places
Lazy media houses....it will not make money for them but enemies in high places 😂
Lazy journalist, waiting in there comfort zone to question criminal politicians
Licences are granted in Nigeria by bribery. Public officials pocketed almost a trillion Naira in bribery last year. That's why investors despise Nigeria.
This is exactly my point
If Nigeria can happen to Dangote then, there's no hope for any body in this God forsaking country.
I swear, well said my guy... It's such a shame to know that there are a lot of individuals who really don't want our country to grow
Foolish talk, you think Dangote is not aware of the politics. Dangote will bounce back and enjoy monopoly.
This is just a kickback by the Oil cartel that have existed since the 70s.
@@chikeonyema4451 Dangote will never bend, they don't know baba alhaji Dangote well...Allah Azawajel is with him. This project will go through and these NNPC authorities will die in shame
@@emmanuelaliji3497And so what? DANGOTE IS DOING
I always love to listen to Dr. Obiareri he really loves his country and always providing alternative solutions without abusing or denigrating whoever is in government. He had a pure motive towards Nigeria development. Others criticize out of anger, hatred or self interest but not Dr. Obiareri.
I’m Angolan🇦🇴, Mr Obiareri is my fav Nigerian economical analyst👏🏻👏🏻👏🏻👏🏻
This where Nigerians Begin to Miss peter obi, if he had become the President of Nigeria i dont think he will watch all these evil to continue.
We are not missing a hyped man whose biggest vision was a brewery
If Tinubu had not conceived a free trade zone in Lagos, we would not have a refinery today
Peter Obi can't do it alone.He will need a majority especially in the Senate house to back him.
The same PO that can’t sort out his party😂
It calls for an accurate Quality Control System to be put in place. Then hold that Department accountable ! All businesses operate with such systems. Itlimits waste !!!
Are you sure Tinubu is not lining his pocket from the massive stealings happening in the oil and gas sector? I saw the list of executive officers managing "secret" refinery somewhere around Malta. His kinsmen are all over with a couple of foreigners. What is happening to Dangote is intentional. They frustrate him so that they can continue to ship crude materials to Malta.
This is also what I think as well
He is. Tinubu is very corrupt.
Nothing but positive came from that brother totally agree with every word he had to say
The guest speaker is a gem and Nigeria needs more people like him who will speak to the face of the business killers to start enhancing and support businesses in Nigeria. Thank you Mr Guest
He is an igbo man, I'm 100% sure if he like talk from now from tomorrow there will not take he serious because of his tribe.😢😢 Nigeria will continue to fail since we put tribalism first before competence
Listening to him for the first time and i must commend his deep knowledge. It was not a wasted time.
Sharp mind ,Dr
Exactly Sir, and God bless you for quoting the Bible “Remove wicked officials from the king’s presence, and his throne will be established through righteousness” - Proverbs 25:5. I will add that Satan the Devil has taken a stronghold of that country and established His throne there. My prayer is that ppl respectfully turn to God Almighty IJN and reject evil for peace and prosperity to abide.
It is becoming clearer now that our greatest problems may not be just politicians, the evil servants we call the civil servants may be the biggest hurdle to development in Nigeria
You are a very intelligent person.
For years, I have always told people around me that the civil service is Nigerias biggest problem. They're very corrupt and very dangerous to the Nigerian state. Look at the ministry of works and what they do with contractors. That's why we have bad roads.
And you think the government is not fully aware of what the civil servants are doing? My bro you are just living in a fool’s paradise
And you think the government is not fully aware of what the civil servants are doing? My bro you are just living in a fool’s paradise
@@Princebright-yd9pb ya mean politicians and evil servants are collaborators, I agree 100%😂🤣😂😂
💯..they have been the constant
No wonder I'll watch AriseTV 12 times before watching channels. This Man and others express their insights without censor but not here.
I never knew this man until I heard him break down the Nigerian banking system in a recent video. These are the kinds of people I love to relate with.
Igbo people and business...this is where de shine. The guy observe the entire oil process. But wahala de oooo, NNPC NNPC we go see una on August 1st.
If Obi was president this would not be happening
Exactly
Dey play, is Obi from Mars or Jupiter? He's one the corrupt ruling class, stop living in delusion.
Affirmative!!!
If your Obi has been proactive enought, he would have conceived a free trade zone in Anambra and not a brewery to keep young men drunk
Unfortunately he did- for electronics. Go and verify😝
The president is also the oil minister and he is just sitting by the sidelines and see everything going down,why cant he restructure the oil industry?or will he offend the cabals?
Free this man abeg. Nigeria will frustrate you and make it difficult to keep your calm atimes 😅. Seriously, have been in this man's mood for days since this dangote saga started 😬😬😬😬😬.
I need to know more about this man
I simply love him. I share his passion for things to be set right outrightly. Gaskia!
I am surely saving this interview.....
Nigeria will make you run mad....its a horror movie
😂😂😂😂😂😂
You are too much Mr. Guest speaker kudos to you from all good / honest nigerians.👏🏾👏🏾👏🏾👌🏻👌🏻👌🏻👍🏾👍🏾👍🏾🥰🥰🥰
Mr Nnaemeka, please don't let Nigeria drive you crazy because it's not worth it. That's why Nnamdi Kanu and IPOB members call it a zoo 😂😂😂
This man is irritated,I like 💪🏾👏
The Nigerian government should help him including the so called oil regulators should help him Nigeria will definitely grow with this oil refinery.
This man came prepared
Dangote, please move to Ghana. We love you.
this is what scares investors in this country
Those evil servants in aviation disgraced themselves during air peace move to London.
Now they are taking on Dangote, what a shame!
Nigeria needs deliverance
😂😂😂😂😂
If Mr. President is not omnipresent, why is there no Minister of Petroleum Resources, the president decided to hold that portfolio?
To chop the money. He will be paid as minister and as a president
I come to watch Nnaemeka speak
Thanks for saying it the way it is.
It not that the regulators goofed, it is deliberate for personal gains, for themselves and their sponsors, internal and external. This also happens in other sectors of the economy.
The Nigerian Govt still have Shares in the now Privatized NNPC Company but does anyone know if they have Shares in Dangotes Refinery or not in order to activate a Monopolistic Competition situation instead of a plain Monopoly.
Excellent
Dangote should bid for a oil well
if he bids for an oil well doesn't change anything, he wont be the one to extract the crude
@@psychscope378what do you mean? Doesn’t he decide who can extract the oil?
Hmmm ... After spending capital on setting up the infrastructure ..
To operate na Wahala 😂😂😂
Bribery and corruption has virtually crippled Nigeria.
The question is, does the Nigerian president know what his officials are doing in the oil industry in Nigeria? If not, he should find competent people to help him. Hire people like this guest, Dr Obiareri, to help run that oil industry. What amazes observers like us from other parts of the world is that Nigeria have so many talented individuals both in the Country and in the Diaspora, but they are not employed or encouraged in the administration of that country.
That's because we play tribal and religious sentiments with employment into critical positions.
And includes the president himself
@harrysogbeye1155 You weren't listening to what the man is saying. Must everything be tribalistic to you guys?
The sector in question has almost everybody there you are here talking about tribalism. Very myopic sense of reasoning!
The problem is corruption and it has been a big problem for Nigeria like forever. That's the sum of what the man is saying without calling it what it is.
The problem is corruption, that's what the man is saying without calling it by its name.
Corruption has been the problem of Nigeria like forever. Is corruption from any ethnic group or religion?
@@Daseeker4895 you yourself did not understand my point and was quick to reply. Is tribal sentiments not part of corruption? Or did you not know that our society isn't merit-based.
You made a comment about the right people not being placed in the right positions and I showed one of the ways in which we fall short in that regard and you misunderstood it lol
@harrysogbeye1155 I understood you clearly, I'm just making you understand that corruption is the main problem, not tribalism. Almost everyone in government and civil service have been in it for far too long.
@13:05 NNPC will never do such a thing. keep deceiving yourself. NNPC does not care for price reduction.
When your guests come up with new information it is your job to take up these issues and investigate as well as confront the regulators in question
Exactly. They are just scared of going further
They no born them well to investigate, govt will close them down!
Dr Please take care of yourself. NNPC will not show you mercy oh.
Please, to whom it may concern and the people, I mean those who are at elms or organising committee of the propounded forthcoming protest to redirect their minds and the protest in supporting Aliko Dangote Refinery for the benefit of us all Nigerians and Africans as a whole.
Nigerians should be careful with APC
I felt like I was the one talking 😅….you can’t interrupt the man 😂
always making sense
Whatever monopoly Dangote Refinery has now can only be temporary becos we are told PH refinery will soon be functional. As well, we heard that modular refineries are iñ the pipeline...all of them should be able to refine what we consume in the nation. The problem is... getting those exporting crude all these decades and those importing PMS all these years to accept that CHANGE HAS COME!!
They will rather do or die instead. Nigeria youth are not ready yet.
Fully functional? We have heard this since when I was 10years old. I am 41 and it’s still not functional
@@James_150 We shall get there one day by God's grace....just as we have been hearing of private refineries since year 2000 and now we have one
The interviewee is well knowledgeable 💯. Well spoken 👏
He is well informed about the politics of Nigeria oil and gas ecosystem. In thier quest to make illegal money most regulators are always ready to attack businesses that doesn't pay up. No sector of the economy is free from these selfish cabals
CHANNELS SHOULD INVITE THE NMDPRA TO YOUR STUDIO and he fails to honour your invitation. Channels should inform Nigerians.
NNPC acts but the world will say it is the government. NNPC is never the government.
The only reason I am in favour of calling for the President to sort this out is because he is the Minister Petroleum Resources
Just in name
Igbos mean well to Nigeria,yoruba man can never ever say this, well do they even know😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅😅
Now I know
Damarna fuel station in lugbe has been shut down for months
It used to be the most active filling station even in times of scarcity
We watching from overseas. It's very sad to see what they are trying to do to Dangote. Your whole oil sector needs a reform because it's not working and it looks like this is done intentionally. Your President is suppose to investigate and fix loop holes, issues , etc, because this is your country's main resource.
I concur … the primary obstacles to Nigeria's development are the government agencies and politicians.
It's so sad & I am not a Nigerian even
It’s Nigeria investigation is an enigma
Wow, that place is rotten with graft, wow wow wow.
Channels carryout with the good job of educating us
All i can say is Nigeria as a country has been facing Economic Inequality and Public Perception.
We need a new country in Africa for revolutionary business men like Dangote. A country free from endemic corruption like in Nigeria and Africa at large. I would call the new country, Model Africa.
Talk talk talk talk talk talk talk
No action for over 40 yrs
Chamberlain has suffered 😂
And the hilarious thing is they never complain like this about Exxon zapping all their oil, if you look at it though their aren’t enough oil companies in nigeria, cuz nobody is willing to invest.
Na the problem with Nigeria be which is one of the biggest reasons we don’t move forward. Illustrations here and there. If we don’t start mentioning names and calling people out, we can’t catch bad actors and they’ll only grow stronger.
Thanks for bringing him back to focus. The frustration in the system is too much. Dangote must be protected to influence the market. Am sure the political power that flows from this drives the decisions in the sector by govt officials. The resource person is seriously frustrated by the evidence available to him.
We have gotten to the point where impunity should be seriously punished . How the system will reverse itself I don’t know. There is need for 10,000 thousand persons to be removed not only from the system but from existence. Next 50,000 given life imprisonment without option of pardon and another 90,000 sentenced to minimum of 20 years as a starting point for installation of sanity.
Exactly 🤣🤣🤣🤣
This country na cruise...
Nnaemeke na you biko
Apart from changing the management of NNPC and auditing their biz for the past 20 years ...the president should not be the minister of petroleum
Fantastic analysis.
See us home no jobs after all the education,,but there are focus on closing down private sectors 😢who will help us now ?Tinubu where are you, this is not fair
Farook and his cronies MUST GO!!!
Nigeria should celebrate Dangote. Rather than investing in Europe he is helping Nigeria. Why they're bringing him down
The whole system needs to go . What kind of madness is this
When you give a shoe maker to run an hospital what do you expect.
The people in the regulation don't know jack about oul. They are just their by man know man
WNjgeria amd investors need to give Mr Dankote all the support to help him keep oil refinery going and let him to keep oil going and jobs grow8ng he needs more crude oil and helping him to turn up the producti9n will be a great thing this message to the peo0lewho have powers rhat be wh9 else is trying to at lease grow the oil refinery maeket is Mr Fankote please grant him to make oil products and help Nigeria and hold him accointable to make great oil producte for nigeria
Go on Dangote, go on son of Africa.
Actually, what federal govt did was wrong. First thing,first, if dangote is an Igbo man, none of u would complain. A lot of Igbo bussines had been jeopardized and destroyed, yet it was not cost to alarm. We have so many lgbo bussines men who could build a refinery bigger than that of dangote's own, but if done, must be allow to function. So it should not be considered as a factor.
Allow the man to talk oh
All these people you are calling are looking for their own kick back and kick from. Corruption personified. May our God deliver us from this BONDAGE of Corruption in Jesus Mighty Name. Roman's 8:21.
When you fight for power and “grab it “ , you should have the wisdom to put people like this man who knows what is wrong in strategic places into strategic Positions
Shouting louder and louder won't get your point across.
Oga the man is angry like we should all be. What you do expect. How do you guys think sef ☹️
achieve some feats in life first, then youll know what passion is all about
Because he love Nigeria. What do you expect him to say. ? This is a shameful to us Africa
Ope allow him to talk na kaii
I can't get tired of listening to this man