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Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal (34501 Views)

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Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by KingOfTheDamned: 11:14am On Jul 21
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

Very true
Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Medipharm: 11:14am On Jul 21
Watched the before, he made certain surprising revelations about his businesses

1 Like

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by weyreypey: 11:14am On Jul 21
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
Nope .. I support the government in this. Dangote needs to be transparent. Energy security requires multiple sources to guarantee availability and affordability.

4 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by PriceActionZ: 11:15am On Jul 21
It is not the government, it is those nnpc and their subsidiaries that are being sponsored by the foreign cabals and also headed by all these Fulani cabals.
Every government come and go but afraid to deal seriously with these guys. Many things are wrong with this nation.
And again look at it from another angle, he may be using a reverse phycology, he will be called and dialogue with the government after these outbursts, then round table will be made where everything will be settled. He has access to tinubu than any other person. He knows the game.

14 Likes 2 Shares

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Jflex07(m): 11:15am On Jul 21
Tinubu is not in charge of his government. Just like buhari, there are cabals working behind the scene

2 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Konquest: 11:15am On Jul 21
akingangan:
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



https://www.bloomberg.com/news/articles/2024-07-21/dangote-to-scrap-steel-investment-over-allegations-of-monopoly?srnd=energy
I watched the full video here and Aliko Dangote spoke calmly and very brilliantly on all the major talking-points while giving technical details. He also said towards the end of the video that Premium Motor Spirit (PMS) would be ready latest the 10th or 12th of August 2024. He said the fire incident slowed things a bit but they have since moved on. Earlier, he said when Dangote Cement started manufacturing, ONLY Lafarge Cement was operating in Nigeria and that NOBODY accused Lafarge Cement of being a monopoly at that time, so, he wonders why anyone would start calling Dangote Cement a monopoly when other cement companies are operating side-by-side with Dangote Cement.

Ever since Aliko Dangote started building that Dangote Petrochemical Refinery in Ibeju-Lekki LGA in Lagos State, a section of Nigerians who are ethnic bigots and who don't like him started attacking him online and offline, and calling him a MONOPOLIST. All the evidence of these attacks can still be read online and offline on NL, X, Facebook, and other crappy blogs and YouTube videos. The dude has indeed bravely invested some of his personal funds and long-term loans to expand his manufacturing base, while already paying back all the loans and is on his way to making a total turnover of 30 billion USD from all his company operations per year. He must be commended for that.

I hope Aliko Dangote can rescind his decision to have a steel plant in Nigeria, but if that plan doesn't align with the long-term vision of Dangote Group, then he can let it slide.

The current President of Nigeria and his economic and security teams MUST ensure that Aliko Dangote (and other investors) continues to do business profitably and ensure that all the inefficiencies and road blocks being put in place by saboteurs are ELIMINATED with ROBUST ruthlessness. Period.

13 Likes 3 Shares

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Padipadi: 11:15am On Jul 21
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
DSS see meat! This boy called naturalman has a leaking mouth!

How do you know if he had issues with the president?
If such occur, is the president God that decides how life evolved?
If Dangote had his issues, dem swear for you say na Tinubu cause am?
Stop spewing trash that may cause discord in Nigeria.
The little peace we v should be enjoyed to the fullest.

4 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Lavor234: 11:15am On Jul 21
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.
I have never heard Dangote so loquacious.
Every market day him dey complain.
Capitalism dey hard my brother.

You have to think outside the box, invest in research and development. But monopoly is easy bro.

5 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by slowice(m): 11:16am On Jul 21
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

Are you a child? What is the production capacity of portharcourt refinery? Even if all our refinery work today in full capacity they won't be able meet half of our demands.

7 Likes 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by blacknp(m): 11:17am On Jul 21
TimeManager:

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!
Truly You them Hypocrites from across the River Niger bridge.

7 Likes 2 Shares

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Medipharm: 11:18am On Jul 21
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
Hmmm....if you think the price of petroleum products will come down without reinstatement of fuel subsidy in Nigeria, you are dreaming my brother. It can only get worse unless the fuel subsidy is back

2 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Gbogbowa: 11:18am On Jul 21
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
stop talking like a fool.Nigerian s will only continue to suffer ,Dangote will import crude from abroad and sell his products outside Nigeria.the simple truth is that we dont have enough crude and the government are not ready to sacrifice for the masses. This government is a useless government

3 Likes 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Bobby4090: 11:19am On Jul 21
Once he said let other Nigerians too who may have more cash more than his company go and bring their money from Dubai and invest too i knew immediately he must have been referring to Atiku.
But the point remains that Ahmed, who is the head of that government agency actually made a reckless statement. But if Tinubu should sack him now or force him to resign Tinubu will be accused of targeting Notherners again.

6 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by chiboycue: 11:19am On Jul 21
akingangan:
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



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

The Government can break the monopoly of Dangote Refinery by reviving the existing refineries.

1 Like 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by SocialJustice: 11:19am On Jul 21
Why will I as a foreign investor take my money to Nigeria if the biggest investor is not confident in the country and is clearly being fought by the government?

The FG are making the biggest mockery of themselves.

13 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Lavor234: 11:20am On Jul 21
Dangote busy throwing tantrums, trying to strong arm the government. That is what you get with building strong men. They become stronger than you

3 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Emeskhalifa(m): 11:20am On Jul 21
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

Are you using glo, mtn or Airtel ? Let's start from there.

The hypocrisy of we Nigerians reeks to the high heaven

4 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by BarrElChapo(m): 11:20am On Jul 21
akingangan:


Watch the video
he said it

There’s a video but they’ll comment off head, I don’t know how to describe that level of buffoonery 😑

1 Like

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Ironbull: 11:21am On Jul 21
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

Hahahhaha so it is Tinubu again? Same Tinubu that paved the way for Dangote to established his refinery in his region now the one that want to show him shege ba?

You guys are truly public nuisances and extremely toxic to humanity.

Read what Dangote said read it again then put your brain at work you will know who are those against him.

Good day.

10 Likes 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by kestolove95(m): 11:23am On Jul 21
Who are this cabals for God sake

1 Like

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by onuman: 11:23am On Jul 21
akingangan:
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



https://www.bloomberg.com/news/articles/2024-07-21/dangote-to-scrap-steel-investment-over-allegations-of-monopoly?srnd=energy
But can this stop ethno-religious bigots from voting the man who stashed Nigeria's wealth in Dubai but returns to Nigeria every presidential election to seek to be voted president of Nigeria?

6 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Wizuman: 11:23am On Jul 21
The government can't trust Dangote anymore
Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Omalicious1: 11:24am On Jul 21
akingangan:
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



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


How about opening up the business, sell it shares and let people buy shares. If you're waiting for those that kept money in Dubai, you go wait taya

2 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by ClearFlair: 11:24am On Jul 21
This APC government lol

Helinues Freestuffsng Yarimo Biodun556 EponObi

🤣🤣🤣

1 Like 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Dittodat: 11:25am On Jul 21
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

Pls say no to Mkpuru mirri.

6 Likes 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Umuinyioku: 11:25am On Jul 21
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
Is this a good statement in a country trying to encourage local production and industrialisation?

3 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Heffalump(m): 11:26am On Jul 21
Dangote is right. If I were the one in his shoes, I'll feel the same.

I can't be patriotic enough and some buffoons who stole this country dry and stached their money in foreign accounts are here screaming "monopoly".

It's very true that you can't please everybody in this world. When you're good it's a problem. When you're bad it's a bigger problem. Dangote is the biggest benefactor of the Nigerian economy through value creation in his group of companies. You can imagine how many families are living a stable life through employment in his companies and provision of consumer goods and services.

If it's easy, let others bring their money home and invest in Nigeria. What these cabals know how to do best is to invest their money in real estate businesses in Dubai and the western countries. Nonsense.

6 Likes 1 Share

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by Damseldammie(f): 11:26am On Jul 21
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

May God harken to the voice of the masses ni joor, because as it is Dangote (who wants to be monopolistic in the market) & the marketers (importing oil to the nation) doesn’t wants our refinery to be functioning
Ajeh

2 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by dogo568: 11:26am On Jul 21
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.

It's on quote bro
Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by mrvitalis(m): 11:27am On Jul 21
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
Some of you sha... If u believe local refinery would make petrol cheaper than it is then you are joking or definitely not smart

3 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by jaxxy(m): 11:27am On Jul 21
Nobody has stopped others from investing in the steel industry but can they take the risks dangote takes? If yes then what's stopping them for years now ?

3 Likes

Re: Dangote Calls Off Plan To Invest In Steel, Discouraged By The Government & Cabal by dogo568: 11:27am On Jul 21
This man may soon leave Nigeria

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