We help but I was told that the marketers have met with the people from Baroo. I was told to make sure that yes, that price should be maintained high, but this price we are going to do, we are going to introduce, we're going to start with MRS stations, most likely on Tuesday in Lagos. They will be at that 900 and something, you won't see it again. Okay. We have also asked members of MAN to now come. We have also asked anybody who can buy 10 trucks to come and buy 10 trucks at 699. We are going to use whatever resources that we have to make sure that we crash the price down. We will get these sales. Maybe it will take a week to 10 days, but within a week to 10 days we will be able to deliver. We don't want to see, at least for this December, January, to sell petroleum product more than 714 nationwide. We will continue. The ones that want to keep the price to sabotage the refinery, we will fight as much as we can to make sure that these prices are down. Even when I came here, I saw people sell at 910, 920. But that's not the price because if you have money to come and buy, you can pick up at 699. I'm free within Lagos is 10, maximum 15. So if it's 10, maximum 15, it is going to cost you 715. Why do you want to sell at 900? Because those periods of PFI by NNPC has passed. You know that corruption era is no more. So if it's no more, people should get the real price. I cannot come now and take a hit because we too, we didn't make money. No, I mean we didn't make money. But as we speak now, even our tanks are full because the NMDPA has issued reckless licenses and we have to now go and complain to the government because they normally issue licenses at the middle of the month. So they are now ready to issue license for about 7.5 billion liters for the first quarter of 2026. Despite that, we have guaranteed to supply enough quantity. If you are talking about monopoly, did we stop anybody? They issued 47 licenses. Let those people come and put up a refinery or let them go and buy even NNPC's one and operate them. If it's profitable, they should go and do that. Now NNPC was the only one that was bringing before. Now we are the only ones and the few modular refineries that are doing those. Modular refineries, I can tell you for nothing, they are almost on the verge of collapse. None of them is making a dime. So you are right. Definitely we will enforce that low price. We will make sure that yes, but I mean it's also easy if you have your truck you can come here and buy. We are selling at 699 and the 699 it includes also the percentage of NMDP. So what actually comes to us is about 38 something. It's not really, I mean it's 389 or so. They take about 8 to 10 NRA.
The CG trucks, why are they still lying here? They are lying here as I explained. They are all okay for us to use them to deliver. You can see, even we don't want them here because you can see, in fact they will take you people around and show you we don't have anymore at the refinery. So what we are trying to do is to get them on the road because they are not to be parked. But the main issue and the problem that we have is that those seals are not yet here. You know when you load you have to seal the this, otherwise the drivers will take some of it as their own share and we don't want the drivers to do that. So what we are going to try and do is to try and make sure that your goods are safe because you are paying us who are taking the risk of delivering, including insurance, including everything. We want to really transform the market and you can go out there and see our trucks and also see the quality. Some of these trucks loading, some of them they actually not fit to be loaded. So whether we buy these trucks or not, the industry needs a major revolution by making sure that there are enough available good trucks to be given. In fact, it is only in Nigeria that we're using even trucks for a long journey. Majority of all these East, Southern African countries, even in Ghana, they're using mainly pipelines. But our own pipelines, you know, in connivance between the marketers and co, they've been destroyed. None of the depots. Nigeria built 22 depots, all of them linked from the refineries, from the import, from everything. Fine, you see, but people are always trying to look at the negative. When you look at it, since when have Nigeria been having problems with fuel queues? Since 1972. Now you have this problem. Somebody addressed the problem and you are calling the company that addressed this issue names. Only in Nigeria. I've never ever heard it anywhere. Why somebody will say yes monopoly, monopoly. Have you know, I mean, Standard Oil before in America, were they not the only ones? So fine, what you do is that you invite more people to invest. When you invite more people to invest, when you have a lot of this, then you can now start saying okay fine, no you cannot have 80% share, you cannot. Then you can now say no okay you regulate. But even if you are going to regulate now, what are you regulating? You don't use imports to checkmate domestic production because you are creating jobs elsewhere. Whether we have risked our own money, whether regulator wants us to be alive or not, we'll still be. Every day when we bring in ships to come and offload, it takes days for us to have clearance, which shouldn't be the case, but we're fighting that. We are going to clear it and we won't have those issues again.
No, no, no. WTI and Brent, they price the same. Yeah. Nobody is using that price you see on the pages of newspaper. WTI is cheaper a bit than Niger because it doesn't pay that premium of Nigerian, but WTI is not even on a normal paper. When you see it, it's about three that is written. But WTI you have to pay, they will charge you, they have domestic cost in terms of loading into a ship. So it's not what you read. What you read, you see difference of three, four dollars, it's not there at all. When you go there to buy, you see the answer. So WTI, yes, I mean you know you get it, it's cheaper compared to Nigeria's this, and it gives you the same this. But you know, our own is that we are buying Nigeria's crude that has a premium. The Nigerian crude that has a premium, you are also asking us to compete with one that has discounts. Because they are all selling at the same price, the end product is being sold at the same price. You're asking us to match a dumpy one. You know there is a dumping today. If I export clinker for example or cement, when you look at my invoice, it is cheaper than exporting than the one that I'm selling domestically because that's how export is, that's how it works. Because in export you save a lot. For example now, anything that I export of my cement, I'm saving a lot of money. I'm not paying 30% income tax, I'm not paying 2% education, I'm not paying 1% health, I'm not paying 7 and a half% VAT, and I'm not paying 10% withholding tax. So when you reduce all these taxes, I can afford to go and compete with the international market with Turkey, with Russia, with China.
The second leg of my question for the fertilizer plant. The second question is for the plant next year hopefully. What percentage of the products are, what are you seeing in terms of pricing power for these products in terms of products competing?
Well, it depends on the season, the support the farmers normally get from government. Sometimes Nigeria takes maybe about 20, 23%. Up to now, farmers are not using much of the fertilizer because if you look at the Abuja agreement that was signed, it was agreed and signed in Abuja that all farmers in Africa must use minimum of 50 kg per hectare to be able to see the yield improvement of their crops. Nigeria was still at about 12, 15. So that's why when you look at other countries that are using the right application of fertilizer, their own farm produce is much, much more. They are making a lot of money because by reducing the fertilizer, you are not saving money. You are actually killing yourself as a farmer. But the farmers, they need to be educated. By 2028, Nigeria will supply most of the urea fertilizer that is needed in the African continent. We will have enough capacity to do so. We will be at about 12 million tons in total from three.
Well, let me answer your last question first. The question that you've asked whether we are going to participate in the this, you have already your vote. Let me give you an analogy I'm going to use. They both, Airbus 380, and that Airbus 380 hasn't flown very well. Will you go and order 777? You go and order 777. You need to fix the problem of the 380 first, which carries 700 and something passengers, before you now go to the lower one. So when we address the issue here, everything goes well, then we will now go into buying oil blocks to participate. And it's the right thing to do, but you also want to play with regulators that actually are very fair to everybody. That's number one. Number two, the question that you asked. No, I don't want to be sacked, but I want to be investigated and then also let the legal process take its toll. He should go to either contact, I mean, Code of Conduct or go to the court. Let them now see whether his income matches the 5 million he has paid school fees for six years for four of his children, this without tickets or this without anything. And then also after that, they all have finished university. If you give those accounts, then his name will be clear. He doesn't need to be sacked, but let him clear that he has not compromised his various positions in government at the cost of Nigerians. When a lot of people in so they can't even go to school because of 100,000 Naira. The regulator is very smart, is very smart. So what he's doing, he's only telling Nigerians what is being taken out of the refinery. Okay. So what has been taken out of refinery is totally different than what the refinery has produced. It's like you now go to a market where a market is over supplied. If it's over supplied, obviously yes, we can't come and throw it into the scene now just to prove to people. But that is why when we got tired of all this misleading information, we now say okay, you know what, this is it. We even wrote him a letter that now you come every day, check our stock, which you don't want to share before because people can take position on our stocks. That's how the market works. But we don't even mind to lose money. Come and take our stock every day, publish what we have produced and what we have in stock so that Nigerians can be self, I mean they can be assured that there's more than enough to supply the domestic market. So the question is that there's no need, there's no point of just making sure that yes you keep dumping stuff in the market. There's no country you can go and do this. Because all the other countries in Africa, everybody is praying every day to see that they have a refinery. I mean we have president of Uganda. What he said that somebody asked him what legacy do you want to leave when you are leaving this office? He said that I want to make sure I establish my refinery. We have established our own, but regulator said that no, you must die.
