samorobo:


I am not about to join you in your daily emotional cries driven by absolute bitterness and envy..that useless product(sugar and cement) is what made Dangote what he is today...and NO there is no sugar monopoly in Nigeria....I am right here waiting for that product Kenya has produced and patented..don't even mention safaricom..
Now the bottom line is this ..why has your supposedly$100bn economy (which according is close to ours ) not produce quarter the size of our billionaires which are soaring in various sectors from telecommunications to industry,you name it? WHY!WHY!! WHY!!!..

YOU WANT TO SEE POVERTY THEN DELVE A LITTLE INTO YOUR POVERTY EMPIRE WITH 45M POOR IDIOTS MAKING 94% OF YOYR POPS..

Their economy is just $60bn. That's why.

rvp2018:
How does the color or ethnicity of Dangote matter? We have small gdp - let even say it 10B dollars - but Kenya has a bigger budget than Nigeria. That is money in gov coffers. If we go for bank assets - I can bet Kenya is probably now at 50B dollars - and Nigeria probably less than 100B dollars. Name any indicator - and your paper-weight economy is just not there.

Your budget is lower than Nigeria's budget. Meanwhile a third of your budget gets routinely stolen yearly. You are far from wise.

.

You're as always very obtuse. Nigeria has 30-50 basic items including sugar that are banned from being imported. We know Nigeria is not self-sufficent in sugar. So basically Abuja bans something - and they issue import waivers to their financiers or friends. And those people get captive market of 200m to sell basic commodities like Sugar at any price.

samorobo:


I am not about to join you in your daily emotional cries driven by absolute bitterness and envy..that useless product(sugar and cement) is what made Dangote what he is today...and NO there is no sugar monopoly in Nigeria....I am right here waiting for that product Kenya has produced and patented..don't even mention safaricom..
Now the bottom line is this ..why has your supposedly$100bn economy (which according is close to ours ) not produce quarter the size of our billionaires which are soaring in various sectors from telecommunications to industry,you name it? WHY!WHY!! WHY!!!..

YOU WANT TO SEE POVERTY THEN DELVE A LITTLE INTO YOUR POVERTY EMPIRE WITH 45M POOR IDIOTS MAKING 94% OF YOYR POPS..

And here is how Obasanjo created Dangote

A major beneficiary of the Obasanjo tax and duty waiver illegalities is the billionaire
businessman, Aliko Dangote and his Dangote Group of Companies. A Dangote
company report published in 2006 showed that at that time, the company controlled 81
percent of the Nigerian sugar market, 40 percent of the cement market, 33 percent of the
flour market, 54 percent of the pasta market and 72 percent of the salt market. “The
latest figure indicates that the Dangote Group still maintains the first position in each of
these commodities; now controlling about 93 per cent of the sugar market, 86 per cent
of cement, 73 per cent of flour, 74 per cent of pasta and 89 per cent of salt.”44 It was
therefore not surprising that in 2011, Dangote was listed as the richest man in Africa by
Forbes magazine. 45 The entwinement of political patronage and import duty waivers in
Nigeria is perhaps best brought out by this case. During the two presidential elections
that Obasanjo contested (1999 and 2003), Dangote donated N100 million and N250
million respectively to his campaign. Aside from the above, he also donated N211.6
million towards the construction of Obasanjo’s Presidential Library and cement worth
N3 billion towards the construction of the head office of the Obasanjo’s ruling Peoples
Democratic Party (PDP) all during Obasanjo’s tenure as President.46 Based on the
above, it was therefore not surprising that some of the companies in the Dangote Group
.

And here is how Dangote got rich by making Nigerians poorer...and you're very proud of him.One billionaired.140 million poor people with 100M extremely poor

9 A leaked US Embassy cable on Dangote dated March 7, 2007 reported that “Dangote is counted
among President Obasanjo’s inner circle of business advisers” and that it “is no
coincidence that many products on Nigeria’s import ban list are items in which Dangote
has major interests.” The cable further stated that Dangote “has had success blocking
trade and investment that might compete with his enterprises.”50 As would be seen in the next section, Obasanjo also aided the Dangote Group by closing down the cement
factory of one of his competitors: Ibeto Cement.
Another controversial waiver granted by the Obasanjo administration was the $3 billion
import duty waiver to Western Metal Products Company Limited (WEMPCO) Nigeria
Limited, a Chinese company for the establishment of a $250 million cold rolled steel
plant in the country. The Federal Ministry of Finance have tried to address part of the
outrage that this transaction caused by clarifying that “the duty concessions and
incentives should comprise five percent duty rate across the board on all raw materials
for two years, zero percent duty rate and VAT exemptions on all plants and machinery.”
Despite this, it remains unclear where the $3 billion dollars came from. This raises
questions about possible abuse of such a waiver through the importation of unrelated
items under the cover of such waivers.51 It is important to note that this waiver, which
has been described as a “non transparent business transaction”, was granted in an
industry where Nigerian enterprises are active.5

theenchanter:
I'm actually talking about 1 litre milks.

Something like this...

He doesn't know what a litre looks like

dont push it

Just30:
He doesn't know what a litre looks like

dont push it

alright.

If you want your country to succeed in specific sectors important to your economy,

You will be learning how to create monopolies .

rvp2018:
And here is how Dangote got rich by making Nigerians poorer...and you're very proud of him.One billionaired.140 million poor people with 100M extremely poor

9 A leaked US Embassy cable on Dangote dated March 7, 2007 reported that “Dangote is counted
among President Obasanjo’s inner circle of business advisers” and that it “is no
coincidence that many products on Nigeria’s import ban list are items in which Dangote
has major interests.” The cable further stated that Dangote “has had success blocking
trade and investment that might compete with his enterprises.”50 As would be seen in the next section, Obasanjo also aided the Dangote Group by closing down the cement
factory of one of his competitors: Ibeto Cement.
Another controversial waiver granted by the Obasanjo administration was the $3 billion
import duty waiver to Western Metal Products Company Limited (WEMPCO) Nigeria
Limited, a Chinese company for the establishment of a $250 million cold rolled steel
plant in the country. The Federal Ministry of Finance have tried to address part of the
outrage that this transaction caused by clarifying that “the duty concessions and
incentives should comprise five percent duty rate across the board on all raw materials
for two years, zero percent duty rate and VAT exemptions on all plants and machinery.”
Despite this, it remains unclear where the $3 billion dollars came from. This raises
questions about possible abuse of such a waiver through the importation of unrelated
items under the cover of such waivers.51 It is important to note that this waiver, which
has been described as a “non transparent business transaction”, was granted in an
industry where Nigerian enterprises are active.5

Even with budget deficit of 50%; you still insist on heckling? Nigeria's corruption is world-class - we are babies. You've stashed how much money in foreign banks? Your political class are not only stealing budget - but also stealing oil revenues.

obaaderemi:
Your budget is lower than Nigeria's budget. Meanwhile a third of your budget gets routinely stolen yearly. You are far from wise.

Will Kenya's on this forum shut up their crap?

Every thing about your country is dysfunctional even your jubilee house( the ruling party ) seems not to be doing fine at the moment .


As at today , your airways industry has join the loss making venture ...why don't you form a confederation with Rwanda since that look like the only progressive country in east Africa.

rvp2018:
And here is how Obasanjo created Dangote
.

So how did you create your Indian lords?

Don't confuse what Asian tigers did to protect infant industries with corrupt-Nigeria closed economy to benefit a few barons.

If Nigeria was succeeding - they won't have overtaken India in poverty - at the time they are pumping more oil that ever before.

If you look at almost every indicator - Nigeria is sinking deeper into poverty and financial crisis.

Dangote can buy the country now.

Just30:
If you want your country to succeed in specific sectors important to your economy,

You will be learning how to create monopolies .

rvp2018:
Even with budget deficit of 50%; you still insist on heckling? Nigeria's corruption is world-class - we are babies. You've stashed how much money in foreign banks? Your political class are not only stealing budget - but also stealing oil revenues.

Is this not better than Kenyans stealing foreign aid and stashing it abroad?

obaaderemi:
Dumbo, the two kinds of debts are very risky. Any kind of debt is risky. Even an illiterate drunkard like you should be familiar with the saying: he who goes a borrowing goes a sorrowing.

SOuth Africa's external debt is huge! But their domestic debt is also big . If their external debt is about $100bn, how are they going to print rands to escape a default, you idiot? The printing of local currency to pay debt can only be done in case of domestic debt. And if they try that at their current rate of 6% inflation, then their country would fall into bigger trouble as inflation would spiral up and make many poor. In that case it is wiser to default than to print money like Idi Amin.
You know zilch about international finance! You proved it again. Quantitative Easing is used to increase inflation in countries where the inflation is already too low. This is going to reenergize the economy and make people spend more, especially locally produced goods. Europe and America can risk this, not South Africa which imports more than it exports like Kenya!
Inflation rate in EU at the time was less than 1%. South Africa's is 6%, idiot. You are comparing apples and bananas.

If South Africa's debt is mainly domestic, then you are talking of over $100bn. If they print that much, they'll sink. Nigeria doesn't do that and won't. That may be an option for Kenya. But not Nigeria.
I don't even want to talk about Kenya's debt. Nigeria and South Africa are big economies that can somehow find a way round their debt problems, but Kenya can not. With a debt at 100% of your $6Obn GDP, you are finished. As in Kaput.

Bro I'm laughing hard at that man's analysis.
Print money in 2020.
We see new things on nairaland everyday!

rvp2018:
[s]Don't confuse what Asian tigers did to protect infant industries with corrupt-Nigeria closed economy to benefit a few barons.

If Nigeria was succeeding - they won't have overtaken India in poverty - at the time they are pumping more oil that ever before.

If you look at almost every indicator - Nigeria is sinking deeper into poverty and financial crisis.

Dangote can buy the country now.[/s]

Dangote is Nigerian and doing a lot for the economy. He is not like the Indians ruling Kenya's economy.

Where is Ghana Airline? South Africa Airways and Ethiopia Airlines were the only ones who could light a candle to us. Now South Africa is down out.

KQ is still flying and we are working on making it stronger by doing what Ethiopians and Arab Airlines are doing - we are going to heavily capitalize the Airline by giving it the Airports and many assets.

vaxx:
Will Kenya's on this forum shut up their crap?

Every thing about your country is dysfunctional even your jubilee house( the ruling party ) seems not to be doing fine at the moment .


As at today , your airways industry has join the loss venture ...why don't you form a confederation with Rwanda since that look like the only progressive country in east Africa.

obaaderemi:
Is this not better than Kenyans stealing foreign aid and stashing it abroad?

Foreign aid?
Monies meant for starved lots are stashed too?
Oh Kenya

BeforeJuly:

Bro I'm laughing hard at that man's analysis.
Print money in 2020.
We see new things on nairaland everyday!

He is a greenhorn in terms of how money works.
Even during the days of the gold standard, you don't just print money to settle debts.

And he has basically disabled 200M Nigerians. If you think one person can do what 200m Nigerian could do - then you're a moro.n. Countries that prosper empower their citizens. They don't work to create a monopoly where someone is selling sugar, salt, and cement very expensively.

It the reason why Nigeria is poor despite all the oil and the population.

obaaderemi:
Dangote is Nigerian and doing a lot for the economy. He is not like the Indians ruling Kenya's economy.

BeforeJuly:
Foreign aid? Monies meant for starved lots are stashed too? Oh Kenya

Ask rvp. He can't deny it.

vaxx:
Will Kenya's on this forum shut up their crap?

Every thing about your country is dysfunctional even your jubilee house( the ruling party ) seems not to be doing fine at the moment .


As at today , your airways industry has join the loss making venture ...why don't you form a confederation with Rwanda since that look like the only progressive country in east Africa.

"Kenyan airways is the next best after Ethiad airways"

They'll start screaming that soon.
Give them time.

Yet another ignorant Nigeria,

Quick Google Search - Just this week New Zeland as we speak is printing money to pay off debt. Countries nationalize their debt if it's domestic. That one way to ensure the economy doesn't sink

ANZ expects the Reserve Bank will increase the cap on quantitative easing to $90 billion in August, by earmarking up to another $30b for bond purchases.

The Reserve Bank increased the size of its quantitative easing (QE) programme from $33b to $60b last week in an effort to sooth financial markets.
https://www.stuff.co.nz/business/121546567/anz-tips-reserve-bank-to-lift-cap-on-quantitative-easing-to-90-billion

BeforeJuly:

Bro I'm laughing hard at that man's analysis.
Print money in 2020.
We see new things on nairaland everyday!

rvp2018:
And he has basically disabled 200M Nigerians. If you think one person can do what 200m Nigerian could do - then you're a moro.n. Countries that prosper empower their citizens. They don't work to create a monopoly where someone is selling sugar, salt, and cement very expensively.

It the reason why Nigeria is poor despite all the oil and the population.

Dangote did not disable anybody. He is a big employer of labour and a big producer of locally made products. Is he a capitalist? Yes. He maximizes profit and this makes him look like the bad guy.
But he is far better than your Indians who import all kinds of junks into Kenya and give you trade deficits.

rvp2018:
And he has basically disabled 200M Nigerians. If you think one person can do what 200m Nigerian could do - then you're a moro.n. Countries that prosper empower their citizens. They don't work to create a monopoly where someone is selling sugar, salt, and cement very expensively.

It the reason why Nigeria is poor despite all the oil and the population.

Where do you get this monopoly info you've littered the whole thread with?

Cement? Sugar? Salt?
Do you know how much salt in Nigeria is?

rvp2018:
Where is Ghana Airline? South Africa Airways and Ethiopia Airlines were the only ones who could light a candle to us. Now South Africa is down out.

KQ is still flying and we are working on making it stronger by doing what Ethiopians and Arab Airlines are doing - we are going to heavily capitalize the Airline by giving it the Airports and many assets.

Ghana as at today without an airline is doing progressively well, eliminating unemployment, allowing more international airline and local individual airline in her space, building more domestic and international airport to consolidate the existing ones.

When Ghana started the airline business, Kenya was still a British stooge . And I am telling you when her airline bounce back, your airline will have been forgotten and flush to the toilet where it belong

Yes, I cannot deny that as much as we have a serious corruption problem in kenya, it's very tame compared to Nigeria -whose corruption is perverse in every meaning of the word.

obaaderemi:
Ask rvp. He can't deny it.

obaaderemi:
Dangote did not disable anybody. He is a big employer of labour and a big producer of locally made products. Is he a capitalist? Yes. He maximizes profit and this makes him look like the bad guy.
But he is far better than your Indians who import all kinds of junks into Kenya and give you trade deficits.

Kenyans haven't seen wealth of that magnitude before.

It continues to beat their imagination.
You have to understand that.

rvp2018:
Yet another ignorant Nigeria,

Quick Google Search - Just this week New Zeland as we speak is printing money to pay off debt. Countries nationalize their debt if it's domestic. That one way to ensure the economy doesn't sink

ANZ expects the Reserve Bank will increase the cap on quantitative easing to $90 billion in August, by earmarking up to another $30b for bond purchases.

The Reserve Bank increased the size of its quantitative easing (QE) programme from $33b to $60b last week in an effort to sooth financial markets.
https://www.stuff.co.nz/business/121546567/anz-tips-reserve-bank-to-lift-cap-on-quantitative-easing-to-90-billion

Inflation rate in new Zealand is 1.2%. South Africa's is 6%. Are you this daft?!!!!!!!
New Zealand can afford to do that. It will boost their economy. On the other hand, same medicine would make South Africa sicker. You are so daft.

Until we see Ghana Airways flying - shut up. Every country has an airport and foreign airlines. Few countries can hack what Kenya has done. Our Airline has never gone down...since inception. A rarity in the most brutal of business. We cannot allow it to go down because we have built an industry around it and well - We are THE PRIDE OF AFRICA.

vaxx:
Ghana as at today without an airline is doing progressively well, eliminating unemployment, allowing more international airline and local individual airline in her space, building more domestic and international airport to consolidate the existing ones.

When Ghana started the airline business, Kenya was still a British stooge . And I am telling you when her airline bounce back, your airline will have been forgotten and flush to the toilet where it belongs

rvp2018:
Yes, I cannot deny that as much as we have a serious corruption problem in kenya, it's very tame compared to Nigeria -whose corruption is perverse in every meaning of the word.

Yours is not perverse when you steal foreign aid meant for your starving people?

BeforeJuly:
Kenyans haven't seen wealth of that magnitude before.
It continues to beat their imagination. You have to understand that.

I understand. If the richest people in Nigeria are Indians, I would feel the same way.