004gist:


Am telling you how they kill production in Nigeria u are talking trash....

He has almost 20 workers, mass producing and supplying the whole East and South South where he distribut to them and all of a sudden cheaper products flooded the market, with time sales drop, couldn't pay for warehouses, workers etc..

Zonefree:
Otedola is now Adesina's spokesman.


Otedola should be man enough and speak out. He should stop retweeting and sharing people's post.

Hemanwel:
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?

004gist:
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

Zwooks:




Nonsense tale. We won't sell the country to Dangote

nlfpmod:
Femi Otedola shares a postbon the Dangote saga by Akinwumi Adesina, the President of the African Development Bank.



Posted by Otedola and presumably written by Adesina.

malali:
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.

malali:
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.

deddypiper:

If your story is correctly reported, why was the same products your friend was producing in Nigeria costlier than the ones imported(after cost of importation), that made your friend run at loss?
Was there no way for your friend to cut cost of production to remain afloat?
The truth is, in a fair world, no one should run a monopoly business, competition is best for the customers.

004gist:
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

GoodGovernance:


Insanity is when you think a local petroleum refinery can successfully compete with a petrol importer in Nigeria.

We can as well start importing everything that we already produce in abundance in Nigeria.

Stupidity is when you think a refinery that can supply all our local needs should be frustrated by making it compete with brief case importers.

Eriokanmi:
Define monopoly. That's an assignment for you today

malali:
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.

malali:
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.

GoodGovernance:


Insanity is when you think a local petroleum refinery can successfully compete with a petrol importer in Nigeria.

We can as well start importing everything that we already produce in abundance in Nigeria.

Stupidity is when you think a refinery that can supply all our local needs should be frustrated by making it compete with brief case importers.

Tflex01:
It is well.


But what shock me pass na people wey no like Dangote before but just turned his fans overnight.

GoodGovernance:


Insanity is when you think a local petroleum refinery can successfully compete with a petrol importer in Nigeria.

We can as well start importing everything that we already produce in abundance in Nigeria.

Stupidity is when you think a refinery that can supply all our local needs should be frustrated by making it compete with brief case importers.

malali:


Sure, let me break it down in simple terms:

What is a Monopoly?

A monopoly happens when one company has so much control over a market that they are the only or the dominant player. This means they can set prices and terms almost any way they want because there's little or no competition.

Dangote Cement's Situation

1. Market Share: Dangote Cement is the largest cement producer in Nigeria. They produce so much cement that other companies can't really compete on the same level. They control a huge chunk of the market.

2. Pricing Power: Because Dangote Cement dominates the market, they can set prices higher than they might be in a more competitive market. Other companies can't lower their prices too much to attract customers because they don't produce as much and can't afford to.

3. Barriers to Entry: Starting a new cement company or growing an existing one to compete with Dangote Cement is very hard. This is because of the high costs involved in setting up factories, buying machinery, and getting the necessary permits and resources. Dangote Cement has already overcome these barriers, making it difficult for new competitors to enter the market.

4. Government Support: Over the years, Dangote Cement has received various forms of support from the Nigerian government, like tax breaks and import waivers. This support has made it even harder for new companies to compete because they don't get the same benefits.

Why is This a Problem?

- Higher Prices: With less competition, Dangote Cement can charge higher prices. Consumers and builders end up paying more for cement than they would if there were more competition.
- Less Innovation: In a competitive market, companies try to improve their products and services to attract more customers. But in a monopoly, there's less incentive to innovate or improve because the company doesn't have to worry about losing customers to competitors.
- Dependence on One Company: If anything happens to Dangote Cement (like financial troubles or production issues), the whole country's supply of cement could be affected because there's no strong competitor to step in.



Dangote Cement is considered a monopoly in Nigeria because they control most of the cement market, can set high prices, and have received government support that makes it hard for others to compete. This situation leads to higher prices, less innovation, and a risky dependence on one company for an essential building material.

Demayour:


The summary of your post is to frustrate Dangote's refinery so that we can stop him from monopolising the energy sector (which had been in perpetual instability for decades).

I'm really curious to know what inspired your writeup. Is it the love of Nigeria or the support of Tinubu or basic support for economics? Whichever it is, it is misplaced.

Dangote has eaten from Nigeria's corruption no doubt but imagine Nigeria having 10 Dangotes with the number of employees that he has and the value chain that profits from that. For now, Nigeria doesn't have a choice because we don't have a stable energy industry and someone pumped that much money while the government gallivanted that it was their doings, they start frustrating the same firm when it is completed.

The politicians alone are not the ones destroying Nigeria, they can never destroy it unaided. They need instruments like you but very soon, all that will be dealt with and Nigeria will overcome her problems.

malali:
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.

ojuu4u:



Thank you for your long epistle and ur understanding on the issue, but sir, when will ur daddy would start his own refinery, iron still, bitumen, railway and other gigantic and capital expensive companies?

We want him to benefit alot from govt surport and extention, for nigeria youths to be able to have job opporunities.

We dnt want people to be japaing" to sahara desert again, where they exploit nigeria citizens

Hemanwel:
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?

malali:
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.

Eriokanmi:
You tried but dangote isn't operating in a monopolistic market. Bua group, Ibeto, Lafarge/WAPCO are still in active operation in same market. Dangote only has a edge over them because he has the financial muscle as an individual to operate. He also has cement plants outside Nigeria esrning him stable fx,hope you know.

On the oil and gas investment, before Dangote came we had 4 solid refineries which they rendered moribund due to corruption in the system. Only nnpc was importing petrol, the Monopoly which Dangote refinery has now broken. Rather, nnpc was the one operating as a Monopoly in the oil and gas market, not dangote who came just yesterday.

Bua group is also coming up with their refineries. It would soon be completed. We have modular ones too which have been in operation before dangote came. If you have the capacity today, you too can build one. Dangote had reiterated that he enjoyed no benefit from the FG. The money they contributed was a loan, which hes been paying back already. He also said he paid 100m usd for the land he built the refinery on.

So, in this case, Monopoly is out of place.

malali:


My dad is actually not rich. But i own Oil E&P Companies.

InvertedHammer:

/
You are funny!

Most developed nations do not allow open competition in critical sectors. US subsidizes agriculture and has a grip on technology sector. Internal competition is promoted but they protect their industries against international competitors.

Free market economy is why Africa became the dumping ground for "waste" and substandard products from Asia and the West.

The problem with you crop of phantom intelligentsia in Africa is that you embrace the diagnosis wholeheartedly and take the prescriptions of your masters. You ignorantly believe that it is the best which explains why World Bank and IMF have never led any developing nation to prosperity.

/