hjj

God Bless Nigeria

ONE MORE

Why is the richest black man Hausa?
I'm just trying to point out the silliness in your thought process. They are successful and African is paramount, even their nationality is of secondary importance let alone their tribe or village

Maisuya1:
Why is the richest black man Hausa?
I'm just trying to point out the silliness in your thought process. They are successful and African is paramount, even their nationality is of secondary importance let alone their tribe or village

Richest from government monopoly

Read his history........he was given export licence for cement, sugar and more. Eagle cement was killed to pave way for him.



just a couple of months ago he was told to keep his taxes for dangote cement industries by the FEC.

BY NOW HE WOULD HAVE POCKETED NLNG IF NOT FOR NIGERIA'S OUTCRY


http://newsrescue.com/government-monopolies-dangotes-getting-rich-is-tied-to-your-getting-poorer/#axzz4O07E5rhI

https://www.nairaland.com/3112868/fec-approves-tax-incentives-dangote/


http://newsrescue.com/the-truth-behind-dangotes-wealth-the-cabal-tokunbo-ban-and-impoverishing-nigerians/





Without govt patronage Dangote would be an almajiri on the streets of Kano

Viva Ndigbo!

Maisuya1:
Why is the richest black man Hausa?
I'm just trying to point out the silliness in your thought process. They are successful and African is paramount, even their nationality is of secondary importance let alone their tribe or village

We are talking about self made, not quota system made...

Dangote is a reflection of a deeper political and economic dysfunction in Nigeria. This foundational dysfunction makes it possible for oligarchic wealth accumulation to occur, creates a fait accompli of indispensable, monopolistic oligarchs, and then compels a pragmatic observer like me to choose the least objectionable oligarch.



Dangote’s Unfair Advantage

There is no sugarcoating it: Dangote is the poster child for patrimonial monopoly capitalism in Nigeria. Whether you favor or oppose a capitalist trajectory for Nigeria and Africa, patronage capitalism should offend your sensibilities. It is morally, economically, and legally wrong. It distorts Nigeria’s financial and economic terrains. More devastatingly, it amounts to a huge transfer of public wealth to favored businessmen. It is an insidious form of corruption.

Dangote gets unfettered, guaranteed access to dollars, any amount of dollars he claims he needs to finance the importation of industrial inputs or the expansion of his operations, at the official exchange rate from the Nigerian Central Bank. The Nigerian people basically sell him their oil revenue dollars at the heavily subsidized rate of 199 Naira, taking an instant loss of at least 100 Naira for every dollar they sell to him. It is undeserved instant profit at the expense of Nigeria. To compound this skewed deal, other businessmen with equally legitimate business needs do not enjoy this guaranteed Forex access.

This is not the first revelation of Dangote being embedded in a cocoon of governmental favors. During the Obasanjo administration, the former president granted a series of import duty waivers and subsidies to the businessman as the latter expanded his investment repertoire into cement production. Under Obasanjo, Dangote’s quest to buy up poorly performing competitors such as Benue Cement was made easy by a friendly government peopled by allies in power.

The businessman’s desire to establish a virtual monopoly in the cement sector became a reality under that government. His competitors, such as Ibeto Cement, which lacked access to power, languished and hibernated under the weight of the competitive edge granted Dangote by subsidies, waivers, and cheap acquisitions facilitated by his friends in government.

Dangote lubricated his privileged access to power by donating lavishly to the campaign funds of the then ruling party, the PDP. By so doing, he secured and expanded his access to concessions and breaks that his competitors and business peers could only dream of. He remained in government’s favor for three successive PDP administrations and he continues to enjoy special access to taxpayer subsidized Forex to the detriment of other businessmen and to the peril of Nigeria.

Apart from distorting the market, stacking the playing field in Dangote’s favor, these government favors reduce competition. Competition is critical to efficiency, innovation, and consumer-friendly product pricing.



Read more: http://newsrescue.com/government-monopolies-dangotes-getting-rich-is-tied-to-your-getting-poorer/




THE NEW ONE THE NORTH IS PLANNING ON IS TO BUILD FREE RANCHES FOR THE QUOTA SYSTEM USING OUR COLLECTIVE WEALTH

Afonjas go wan kill themselves

Ibos !! why are you guys troubling yourselves ?? you are the best people on earth... we've heard !! all these tribal war is enough ! i don't even know why they can't just let you go and fvck yourselves..... go and you'll come back begging in less that 10 years... idiotic flattys

Maisuya1:
Why is the richest black man Hausa?
I'm just trying to point out the silliness in your thought process. They are successful and African is paramount, even their nationality is of secondary importance let alone their tribe or village

The barrage of assail tossed at you by this op is phenomenal(as if he was waiting for you).. And what's even more interesting is how you jilted the love wagon with your life intact.. Kudos!

Useless thread, pls stop all these chest beating.

Maisuya1:
Why is the richest black man Hausa?
I'm just trying to point out the silliness in your thought process. They are successful and African is paramount, even their nationality is of secondary importance let alone their tribe or village

I think I know why the richest Nigerian is hausa/Fulani.
Because they used illegal military regimes & conspired with a man called DANGOTE to rob Nigeria blind .

If it were hard work and not looting through dubious government contracts, no Hausa fulani especially DANGOTE will be wealthy in Nigeria talk more in Africa.

DANGOTE is part of the corruption edifice that ruined Nigeria

mordsith:
Dangote is a reflection of a deeper political and economic dysfunction in Nigeria. This foundational dysfunction makes it possible for oligarchic wealth accumulation to occur, creates a fait accompli of indispensable, monopolistic oligarchs, and then compels a pragmatic observer like me to choose the least objectionable oligarch.



Dangote’s Unfair Advantage

There is no sugarcoating it: Dangote is the poster child for patrimonial monopoly capitalism in Nigeria. Whether you favor or oppose a capitalist trajectory for Nigeria and Africa, patronage capitalism should offend your sensibilities. It is morally, economically, and legally wrong. It distorts Nigeria’s financial and economic terrains. More devastatingly, it amounts to a huge transfer of public wealth to favored businessmen. It is an insidious form of corruption.

Dangote gets unfettered, guaranteed access to dollars, any amount of dollars he claims he needs to finance the importation of industrial inputs or the expansion of his operations, at the official exchange rate from the Nigerian Central Bank. The Nigerian people basically sell him their oil revenue dollars at the heavily subsidized rate of 199 Naira, taking an instant loss of at least 100 Naira for every dollar they sell to him. It is undeserved instant profit at the expense of Nigeria. To compound this skewed deal, other businessmen with equally legitimate business needs do not enjoy this guaranteed Forex access.

This is not the first revelation of Dangote being embedded in a cocoon of governmental favors. During the Obasanjo administration, the former president granted a series of import duty waivers and subsidies to the businessman as the latter expanded his investment repertoire into cement production. Under Obasanjo, Dangote’s quest to buy up poorly performing competitors such as Benue Cement was made easy by a friendly government peopled by allies in power.

The businessman’s desire to establish a virtual monopoly in the cement sector became a reality under that government. His competitors, such as Ibeto Cement, which lacked access to power, languished and hibernated under the weight of the competitive edge granted Dangote by subsidies, waivers, and cheap acquisitions facilitated by his friends in government.

Dangote lubricated his privileged access to power by donating lavishly to the campaign funds of the then ruling party, the PDP. By so doing, he secured and expanded his access to concessions and breaks that his competitors and business peers could only dream of. He remained in government’s favor for three successive PDP administrations and he continues to enjoy special access to taxpayer subsidized Forex to the detriment of other businessmen and to the peril of Nigeria.

Apart from distorting the market, stacking the playing field in Dangote’s favor, these government favors reduce competition. Competition is critical to efficiency, innovation, and consumer-friendly product pricing.



Read more: http://newsrescue.com/government-monopolies-dangotes-getting-rich-is-tied-to-your-getting-poorer/




THE NEW ONE THE NORTH IS PLANNING ON IS TO BUILD FREE RANCHES FOR THE QUOTA SYSTEM USING OUR COLLECTIVE WEALTH

I tried to make people see this truth that is crony capitalism at work they didn't understand. I wasn't as effective as you though.

This guy mumu oo
So you havent seen previous tribe on the list?


Werey
Even Adolf Hitler was once one of the greatest influencia in the world. Yeye

Why is the richest woman in Africa a yoruba
0de

koladebrainiac:
This guy mumu oo
So you havent seen previous tribe on the list?


Werey
Even Adolf Hitler was once one of the greatest influencia in the world. Yeye

KINDLY USE ANY OF THE FOLLOWING

mordsith:
Dangote is a reflection of a deeper political and economic dysfunction in Nigeria. This foundational dysfunction makes it possible for oligarchic wealth accumulation to occur, creates a fait accompli of indispensable, monopolistic oligarchs, and then compels a pragmatic observer like me to choose the least objectionable oligarch.



Dangote’s Unfair Advantage

There is no sugarcoating it: Dangote is the poster child for patrimonial monopoly capitalism in Nigeria. Whether you favor or oppose a capitalist trajectory for Nigeria and Africa, patronage capitalism should offend your sensibilities. It is morally, economically, and legally wrong. It distorts Nigeria’s financial and economic terrains. More devastatingly, it amounts to a huge transfer of public wealth to favored businessmen. It is an insidious form of corruption.

Dangote gets unfettered, guaranteed access to dollars, any amount of dollars he claims he needs to finance the importation of industrial inputs or the expansion of his operations, at the official exchange rate from the Nigerian Central Bank. The Nigerian people basically sell him their oil revenue dollars at the heavily subsidized rate of 199 Naira, taking an instant loss of at least 100 Naira for every dollar they sell to him. It is undeserved instant profit at the expense of Nigeria. To compound this skewed deal, other businessmen with equally legitimate business needs do not enjoy this guaranteed Forex access.

This is not the first revelation of Dangote being embedded in a cocoon of governmental favors. During the Obasanjo administration, the former president granted a series of import duty waivers and subsidies to the businessman as the latter expanded his investment repertoire into cement production. Under Obasanjo, Dangote’s quest to buy up poorly performing competitors such as Benue Cement was made easy by a friendly government peopled by allies in power.

The businessman’s desire to establish a virtual monopoly in the cement sector became a reality under that government. His competitors, such as Ibeto Cement, which lacked access to power, languished and hibernated under the weight of the competitive edge granted Dangote by subsidies, waivers, and cheap acquisitions facilitated by his friends in government.

Dangote lubricated his privileged access to power by donating lavishly to the campaign funds of the then ruling party, the PDP. By so doing, he secured and expanded his access to concessions and breaks that his competitors and business peers could only dream of. He remained in government’s favor for three successive PDP administrations and he continues to enjoy special access to taxpayer subsidized Forex to the detriment of other businessmen and to the peril of Nigeria.

Apart from distorting the market, stacking the playing field in Dangote’s favor, these government favors reduce competition. Competition is critical to efficiency, innovation, and consumer-friendly product pricing.



Read more: http://newsrescue.com/government-monopolies-dangotes-getting-rich-is-tied-to-your-getting-poorer/




THE NEW ONE THE NORTH IS PLANNING ON IS TO BUILD FREE RANCHES FOR THE QUOTA SYSTEM USING OUR COLLECTIVE WEALTH

The gospel truth.

bhh

mordsith:




RICH BECAUSE OF NIGER DELTA OIL. I NEVER ASKED OF INFLUENTIAL PROSTITUTES.


COMPARE HER WITH OKONJO WHO IS A PRODUCT OF HARDWORK AND BRAINPOWER OR CHIMAMANDA.

Chai!..
Word!

I may be wrong but I just search for the most influencia woman in Africa. And according to Forbes does name u mentioned are absent.

mordsith:




RICH BECAUSE OF NIGER DELTA OIL. I NEVER ASKED OF INFLUENTIAL PROSTITUTES.


COMPARE HER WITH OKONJO WHO IS A PRODUCT OF HARDWORK AND BRAINPOWER OR CHIMAMANDA.

O boy you wicked

I don't know if I'm the only one that noticed but most of the articles the op brought out are totally outdated.. You talking about 2012 iish here

How influencial is this OP himself?