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Nairaland Forum / Nairaland / General / Business / Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola (30045 Views)
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Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by nlfpmod: 12:10pm On Jul 23 |
Femi Otedola shares a postbon the Dangote saga by Akinwumi Adesina, the President of the African Development Bank. This whole issue on Dangote is shocking and creating bad waves for Nigeria globally. - Akinwunmi Adesina Posted by Otedola and presumably written by Adesina. 106 Likes 12 Shares
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Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Zonefree(m): 12:14pm On Jul 23 |
Otedola is now Adesina's spokesman. ![]() Otedola should be man enough and speak out. He should stop retweeting and sharing people's post. 90 Likes 7 Shares |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by GreenxGreen: 12:20pm On Jul 23 |
![]() Cabal - Cable - Cabal - Cable - Cabal - Cable ![]() 34 Likes 1 Share
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Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by 004gist: 12:20pm On Jul 23 |
A friend of mine opened a printing press, importing all the machines and was printing a kind of invitation cards, doing very well and even opened three warehouses. Hired workers for day and night supplying vast market. All of a sudden some people took sample of his product to China because they saw how it was moving fast and produce it cheaply and mass import it. That was the end of the business. He had to sell all the machine as scrap , bought keke and start riding till today. Those who want to go into mini production aren't protected. Dangote must be protected by all means. Those people at NNPC and their subsidiaries are the brain why all our refinaries refused to refine one drop of petrol 193 Likes 20 Shares |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Bonaventura(m): 12:20pm On Jul 23 |
E go go round. If these ultra-wealthy mean could cry, imagine an Agbadorian living in a shanty in Ojodu Berger and being paid 20k monthly for unsustainable data to open mouth waa on social media to attack those trying to make sure he eats decently and properly. It is an ike gwụrụ situation 66 Likes 2 Shares
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Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Praktikals1000: 12:20pm On Jul 23 |
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Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Vipro(m): 12:21pm On Jul 23 |
How much is the minimum for a 20 years old guy to have in account? 2 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Xscape047: 12:22pm On Jul 23 |
Absolutely 2 Likes |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Racoon(m): 12:22pm On Jul 23 |
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Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Rawgold29(m): 12:22pm On Jul 23 |
lol ....con3 of con men in power. 1 Like |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Hemanwel(m): 12:22pm On Jul 23 |
Those who don't want the four government refineries to work are out there to frustrate the only private one. Where is thunder when you need it to strike? 45 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by teadrake(m): 12:22pm On Jul 23 |
The cabals in the petroleum sector are hell bent in destroying competition that will prevent them from eating in the Nigeria oil pot of soup which would eventually choked them to death. 44 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by FunkyAlhaji2015: 12:23pm On Jul 23 |
Tinubu and his goons will finish Nigeria and Nigerians with this their thoughtlessness. How in any sane mind will they think they can disparage Dangote in Nigeria and survive it? Dangote is the poster boy of investment in Africa and no investor will even think of investing a country that destroys a 20 billion dollar investment because politics. Tinubu and his boys need to apologize to Dangote immediately. The earlier, the better. 18 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by StraightGaay: 12:23pm On Jul 23 |
Typical Amala person, always speaking behind someone's back, why not man up and speak for yourself. Coward 29 Likes 3 Shares |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by erniok(m): 12:23pm On Jul 23 |
It sadly sends a signal that the price for sacrificing for Nigeria is to get sacrificed The bolded got my attention. 27 Likes 3 Shares |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by princemillla(m): 12:23pm On Jul 23 |
Tough times “It sadly sends a signal that the price for sacrificing for Nigeria is to get sacrificed” This word for me 19 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by osothermal(m): 12:23pm On Jul 23 |
The corruption in this country is so annoying 18 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by omoadeleye(m): 12:24pm On Jul 23 |
Uhm 1 Like |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by alphaconde(m): 12:24pm On Jul 23 |
This is how bad corruption can get. It is not that Dangote is innocent it is how good they have all fed corruption in the past. So corruption is now so fat that it doesn't know its owners. 33 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Maxymilliano(m): 12:24pm On Jul 23 |
Investing is tough. Pettiness is easy You can say that again ... ![]() 3 Likes |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Chetas81(m): 12:24pm On Jul 23 |
THE NIGERIAN SICK CITIZEN, REFUSE TO WAKE UP,AT THIS JUNCTION 5 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Afonja007: 12:24pm On Jul 23 |
That factory no pass 10 billion dollars na naija we dey ,because of corruption in nigeria we don't know what is 10 billion dollars again,remove corruption in nigeria 10 billion dollars will build a new capital city in nigeria 6 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by GreenxGreen: 12:25pm On Jul 23 |
osothermal:
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Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by malali: 12:25pm On Jul 23 |
Akinwunmi Adesina, Your passionate defense of Dangote’s monopolistic tendencies is misplaced and ultimately detrimental to Nigeria's long-term economic health. Let’s be clear: the open free market should determine winners and losers, not subjugation or forced patronage. Monopoly and Market Distortion You argue that monopoly exists due to high barriers to entry or high capital costs. While this may hold some truth, it does not justify the creation or maintenance of monopolies, especially not through governmental favoritism. Dangote has benefitted immensely from the Nigerian state: free limestone, free land for cement factories, some of the cheapest non-unionized labor in the world, unlimited tax concessions, and numerous import waivers. Despite these advantages, what has been the result? The cement business remains a monopolistic cartel. Do Nigerians enjoy cheap cement today? The answer is a resounding no. Dangote was one of the first to hike cement prices, exercising his market dominance at the expense of Nigerian consumers. Dangote Refineries and Energy Sector Monopoly Now, you suggest we should hand over the energy sector, crucial for 300 million people, to a single man. This is both dangerous and short-sighted. Dangote’s decision to build a $19.5 billion refinery was his own business choice, and with any business venture comes inherent risks. He should have anticipated the possibility of buying crude at market rates and selling refined products in an open market. Expecting the NNPC to capitulate to his demands reeks of entitlement and undermines the very principles of fair competition and market dynamics. Misplaced Sympathy and Entitlement Your attempt to elicit sympathy by emphasizing Dangote’s massive investment ignores the fundamental fact that he should have considered market contingencies. Dangote should compete on equal footing with other businesses, not seek special treatment. Throwing a tantrum and trying to manipulate crude sales and petrol procurement from the NNPC signals a disturbing sense of entitlement. Economic Independence and Fair Competition Nigeria’s energy sector, like any other, must remain open to fair competition. Your call for protectionist measures to favor Dangote is a call to undermine the very fabric of a free market economy. The energy sector should be driven by innovation, efficiency, and competition, not by monopolistic practices. A Call for Economic Justice The days of allowing a few individuals to dominate critical sectors of our economy must end. We have seen what happens when monopolies are allowed to flourish – prices soar, quality suffers, and innovation stagnates. It’s time for Nigeria to embrace a truly competitive market, where every player has an equal opportunity to succeed. Adesina, you call for support and protection of local industries, but true support lies in fostering a competitive environment where no single entity can dictate terms. We must not surrender our economic future to a few individuals. The Nigerian people deserve better – they deserve fair competition, better prices, and improved quality of goods and services. Nigeria's economic landscape should be determined by open competition and market forces, not by entitlements and monopolistic control. It’s time for a new era of economic justice and fairness, where the interests of the many are prioritized over the privileges of the few. Sincerely, Malali. 24 Likes 7 Shares |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by tishbite42: 12:26pm On Jul 23 |
Otedola the Coward Man up and pick a side 6 Likes |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by oluseyiforjesus(m): 12:27pm On Jul 23 |
If this Dangote issue is not fake then our leader are the real problem of ds nation No wonder dey don't want any refinary to work.... 1 Like |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by sixthsensekids(m): 12:27pm On Jul 23 |
nlfpmod: Indaboski readily told them that there are a lot of illiterates in Nigeria. What is the constructive argument they had to tackle dangote. That is one indices to buttress the fact that this government is of self 1 Like |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by Tflex01: 12:28pm On Jul 23 |
It is well. But what shock me pass na people wey no like Dangote before but just turned his fans overnight. 6 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by muhammadmuqtada(m): 12:28pm On Jul 23 |
Regardless of my hatred for his economic oligarchy tendencies,Dangote refineries will be a sure game changer in few years to come ceteris paribus....... 2 Likes 1 Share |
Re: Akinwumi Adesina Says This Dangote Issue Is Shocking - Otedola by NOETHNICITY(m): 12:28pm On Jul 23 |
I have been in shock beyond imagination. In fact I am yet to come to terms with the new reality that the FG wants importation of fuel to continue 6 Likes 1 Share |
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