Dangote is calling off plans to invest in a new steel plant in Nigeria after the government accused him of seeking to become a monopoly with his new refinery in the West African nation.

Dangote said, "let others that have more money than us go and bring their money from Dubai and invest in their fatherland."

“Our own board has decided that we should not have the steel plant. If we do, we will be called all sorts of names,” Dangote said at a media briefing Saturday at the refinery in Lagos, Nigeria’s commercial hub.


https://www.youtube.com/watch?v=atcaYPZyVkY

*Dangote to Scrap Steel Investment Over Allegations of Monopoly
*Africa’s richest man disputes government’s monopoly claims
*Targets gasoline production in August and 10 ppm diesel

Aliko Dangote, Africa’s richest man, is calling off plans to invest in a new steel plant in Nigeria after the government accused him of seeking to become a monopoly with his new refinery in the West African nation.

“Our own board has decided that we should not have the steel plant. If we do, we will be called all sorts of names,” Dangote said at a media briefing Saturday at the refinery in Lagos, Nigeria’s commercial hub.

https://www.bloomberg.com/news/articles/2024-07-21/dangote-to-scrap-steel-investment-over-allegations-of-monopoly?srnd=energy

The indian man working for Dangote fired the first shot

The people who claimed Dangote refinery will never work are the same people who are now claiming Tinubu and Yorubas are working against Dangote... When we start calling them out now, they will accuse you of hating them.

Tinubu will show this man shege pro Max.......when Port Harcourt refinery starts working, the price of PMS will be made cheaper in order to frustrate dangote refinery

Yet the president went around begging in Saudi and Qatar for this same investment.

What you are looking for in Sokoto is in your Shokoto.

Unbelievable!

No support for homegrown businesses, Innoson, Nord, and so on are there but the government keeps patronising foreign companies and creating jobs in foreign lands

Landmark was demolished for tribal sentiments taking away millions of salaries and taxes from the system and yet the government will be happy for Lebanese investment on this same beach even though they will take their profits away like MTN and DSTV.

This capitalist has been enjoying corruption structure the skewed and defective Nigerian system has given to him before now. He seems to have fallen from the power play then he has started screaming how bad the same structure has been.

Despite citing the refinery in tinubus Lagos with all the potential to employ 30,000 lagosians, generate trillion naira taxes to Lagos govt, reposition Nigeria, tinubu is frustrating this man for refusing to sponsor his election. But awarding trillion naira contract to least competent foreigner chaugory for sponsoring his election with money stolen from Lagos coffers. This gives credence to the assertion that the fulanis and Yorubas intentionally frustrated all seaport in the south south from working and mandated oil companies to move headquarters to Lagos and pay taxes where headquarter is based just to kill the Niger delta economy.
Dangote may have cleverly avoided investing in Nigeria delta so that Yoruba politicians will not frustrate his business the way other Niger delta based businesses were intentionally frustrated by Yoruba politicians. But he didn't see this coming. He didn't know that getting too close to a Yoruba politician like tinubu and refusing to be used can attract terrible vendetta. Yoruba politicians have history of unforgiveness and vendetta. It's genetic. Vindictiveness is in that race

Paraman:
The indian man working for Dangote fired the first shot

The people who claimed Dangote refinery will never work are the same people who are now claiming Tinubu and Yorubas are working against Dangote... When we start calling them out now, they will accuse you of hating them.

The first shot was the action of the govt to make Dangote buy crude at above market price. When Edwin fired his shot and accused of sulphur laced diesels and fuels, he was being factual and never insulted the intelligence of anyone.
Dangote should refine and sell outside Nigeria. It wont take long for the govt to go burst again seeing they have started subsidising petrol and above previous level.

Odotech:
Despite citing the refinery in tinubus Lagos with all the potential to employ 30,000 lagosians, generate trillion naira taxes to Lagos govt, reposition Nigeria, tinubu is frustrating this man for refusing to sponsor his election. But awarding trillion naira contract to least competent foreigner chaugory for sponsoring his election with money stolen from Lagos coffers. This gives credence to the assertion that the fulanis and Yorubas intentionally frustrated all seaport in the south south from working and mandated oil companies to move headquarters to Lagos and pay taxes where headquarter is based just to kill the Niger delta economy.
Dangote may have cleverly avoided investing in Nigeria delta so that Yoruba politicians will not frustrate his business the way other Niger delta based businesses were intentionally frustrated by Yoruba politicians. But he didn't see this coming. He didn't know that getting too close to a Yoruba politician like tinubu and refusing to be used can attract terrible vendetta. Yoruba politicians have history of unforgiveness and vendetta. It's genetic. Vindictiveness is in that race

Sunday morning marijuana the most potent of them.

Standing5:
Dangote may actually feel this way but I seriously doubt he said it or will go this way. Cabals will always exist and steel is too crucial.

Watch the video
he said it

akingangan:
Yet the president went around begging in Saudi and Qatar for this same investment.

What you are looking for in Sokoto is in your Shokoto.

Unbelievable!

No support for homegrown businesses, Innoson, Nord, and so on are there but the government keeps patronising foreign companies and creating jobs in foreign lands

Landmark was demolished for tribal sentiments taking away millions of salaries and taxes from the system and yet the government will be happy for Lebanese investment on this same beach even though they will take their profits away like MTN and DSTV.

What do you guys really gain from this sh*t taIk?
Same landmark functioning and making adverts in Lagos was demolished?
Why una like Iies like this?
Why?
When we say use glo network, people like you will say all sort of rubbîsh about Glo but will bIame government for MTN and Airtel, if we bring out your phones now, we will realize you recharge and use MTN/Airtel more than Glo, so why blaming govt for what u are doing?
It is same u folks that will call Dangote all sorts of name on social media, Nigerians are hoping that his refinery faiIs yet u will all come out to bIame govt for not supporting home grown businesses?
When he announced plans to start this steel, the comments was filled with people accûsing him of monopoly, now he has changed his mind, u have come out to bIame the govt.
I know u will come out to deny doing any of what I listed but the fact that u can Iie about how govt has demolished Landmark, u can Iie about anything.

Odotech:
Despite citing the refinery in tinubus Lagos with all the potential to employ 30,000 lagosians, generate trillion naira taxes to Lagos govt, reposition Nigeria, tinubu is frustrating this man for refusing to sponsor his election. But awarding trillion naira contract to least competent foreigner chaugory for sponsoring his election with money stolen from Lagos coffers. This gives credence to the assertion that the fulanis and Yorubas intentionally frustrated all seaport in the south south from working and mandated oil companies to move headquarters to Lagos and pay taxes where headquarter is based just to kill the Niger delta economy.
Dangote may have cleverly avoided investing in Nigeria delta so that Yoruba politicians will not frustrate his business the way other Niger delta based businesses were intentionally frustrated by Yoruba politicians. But he didn't see this coming. He didn't know that getting too close to a Yoruba politician like tinubu and refusing to be used can attract terrible vendetta. Yoruba politicians have history of unforgiveness and vendetta. It's genetic. Vindictiveness is in that race

It is Fulani and Yorubas that are mandating sit at home that will naturally discourage investors even lgb0 investors in SE too?
They are ones that started laying unnecessary taxes on companies in Niger Delta too?
The level of insecurity in SE and the volatiIe society of Niger Delta, they did that too?
They told Otti to pay 18k minimum wage too?
Always looking for who to bIame.
Move your containers to the ports in Rivers and stop making ñoisè.

Toh

JagabanB:

What do you guys really gain from this sh*t taIk?
Same landmark functioning and making adverts in Lagos was demolished?
Why una like Iies like this?
Why?
When we say use glo network, people like you will say all sort of rubbîsh about Glo but will bIame government for MTN and Airtel, if we bring out your phones now, we will realize you recharge and use MTN/Airtel more than Glo, so why blaming govt for what u are doing?
It is same u folks that will call Dangote all sorts of name on social media, Nigerians are hoping that his refinery faiIs yet u will all come out to bIame govt for not supporting home grown businesses?
When he announced plans to start this steel, the comments was filled with people accûsing him of monopoly, now he has changed his mind, u have come out to bIame the govt.
I know u will come out to deny doing any of what I listed but the fact that u can Iie about how govt has demolished Landmark, u can Iie about anything.

I have been a strong advocate for Tinubu but i cannot support all these wrong decisions.
It looks like the President needs to change is advisers

Standing5:
Dangote may actually feel this way but I seriously doubt he said it or will go this way. Cabals will always exist and steel is too crucial.

You are absolutely right. A true business man take a survey of ROI, if he finds out that the ROI will not guarantee profits he won't go into it.

How much support did Dangote have before building the world largest refinery plant in Lagos Nigeria.

So to me he didn't say that. I believe he will engage in steel production when he is able to get the much needed finance to fund the project.

At least this time, we won't say the Govt favors Dangote while trying hard to target investors from other tribes

If u cant play the game, its your fault not theirs

I have no words to describe my deep disappointment in Tinubu...

And his government right now!

akingangan:


I have been a strong advocate for Tinubu but i cannot support all these wrong decisions.
It looks like the President needs to change is advisers

What has the President got to do with this?

-Kiss the truth!

brain54:
I have no words to describe my deep disappointment in Tinubu...

And his government right now!

What has the President got to do with this?. I really want to know the level of your mental capacity.

-Kiss the truth!

Because of Ajaokuta I guess... Dangote is not happy about the government own refineries. But Nigeria can't be in your pocket for ever.

naturalman:
Tinubu will show this man shege pro Max.......when Port Harcourt refinery starts working, the price of PMS will be made cheaper in order to frustrate dangote refinery

Same Hypocrites from a certain region that are accusing Dangote of monopoly, Dmerciful racoon obiorbiafra and Co, too many to mention are now blaming Tinubu for Dangote’s reluctance?

Na Atiku this guy really support.. He go hear am hot for Tinubu hand.. Tony go dey enjoy smooth ride now.. Game of interest=Politics

Now he understands the pain and trauma Ibeto went through when the cabal under Obasanjo were frustrating him to favor him. Before Obasanjo came to power, nobody knew Dangote.

We saw oil marketers alleging that his diesel was more expensive than the imported ones, while Dangote has also accused them of importing cheaper dirty fuel. It has been a verbal battle between Dangote and Oil marketers and IOCs on the other side. Anyone coming here pointing fingers at the President should use his/her brain if there's any.

-Kiss the truth!

no need to complain, at least he has also enjoyed the government and cabal 'support' in the past. It's a corrupt economy, now it's time for 'other individuals' to enjoy too.

Racoon:
This capitalist has been enjoying corruption structure the skewed and defective Nigerian system has given to him before now. He seems to have fallen from the power play then he has started screaming how bad the same structure has been.

You are just a hater jor. If he was your father, you wouldn’t be saying this .

I just see Dangote as the strongest amongst other business men.

He is not going to make more money be that. Another players will come up, like say he wanted to help Nigeria when his cement is not even cheap

naturalman:
Tinubu will show this man shege pro Max.......when Port Harcourt refinery starts working, the price of PMS will be made cheaper in order to frustrate dangote refinery

when will the PH refinery start working?

I thought tinubu/buhari and APC supporters were taking credit for dangote refinery?

what has changed?

V

blacknp:
Same Hypocrites from a certain region that are accusing Dangote of monopoly, Dmerciful racoon obiorbiafra and Co, too many to mention are now blaming Tinubu for Dangote’s reluctance?

They now carry Dangote matter on their head. People who always malign Dangote and called his refinery a scam. The emergency lovers of Nigeria.

-Kiss the truth!

Nigeria needs change. Real change not the 2015 type

Na who go vex daddy dangote now,
What is the meaning of all these nonsense!
Steel manufacturing is the only way a nation can truly become industrialized, ask Japan, China and even India.

E no go pass that NNPC schmuck that said NNPC fuel is better than dangote’s.

Daddy dangote, pls don’t mind them, go ahead and set up a steel industry in Nigeria, Nigerian youths are looking for jobs

Lol

Dem don turn baba to wailer.

Should we still blame Peter Obi for this one?