XANDERO85:


Quit your lame arguments! Dangote is the richest man in Africa, as you put it, primarily because of the backing he got (both overt and covert) from the federal gov’t....monopoly being just a part of it!

Do you know the bribes that Dangote has paid to get to where he is now? And as much as I hate the North, I'm not convinced that Dangote's success is because he is Fulani. Nigeria is a pay to play system. No one is stopping Igbo businessmen from greasing the right palms in Nigeria.

There is no country where Dangote operates where he isn't engaged in mass bribery. There is nothing wrong with it. That's how business is done in Africa.

RedPanthar:





There's nothing about cheap labor to the extent of causing other nation to not develop. Even the steel. Mills in Warri can produce iron for local markets consumption. Black people have mental laziness. Period

U mean from scrab ? Lmao be serious oga

Aconomist:
Michelin left Nigeria because Igbos flooded the market with imported second-hand tires from the U.S. and Europe. New tires can never compete with used retreaded nonsense that sells for 1/10th the price. Nigerian customers don't value quality.

What proof or links do you have to buttress your lame point that Michelin left Nigeria because Igbos flooded the market with imported second-hand tyres? You just keep on making daft, unfounded statements left, right and centre!

Last i heard, Michelin left Nigeria because of the unfavourable business environment of the country! Their cost of production couldn’t allow them break even never mind making a profit! ‘Unfavourable business environment’ would also include insecurity and ease of repatriation of funds!

Aconomist:
The Federal government is not stopping Ibeto from manufacturing cement, he simply doesn't want to do it because importing is easier. No Igbo business man is participating in Nigeria's sugar master plan either. So next sugar will be monopolized by Fulani. 20 years from now Fulani will control every industry in Nigeria.

Except the tech industry.

Aconomist:
Do you know the bribes that Dangote has paid to get to where he is now? And as much as I hate the North, I'm not convinced that Dangote's success is because he is Fulani. Nigeria is a pay to play system. No one is stopping Igbo businessmen from greasing the right palms in Nigeria.

There is no country where Dangote operates where he isn't engaged in mass bribery. There is nothing wrong with it. That's how business is done in Africa.

Dangote is Hausa

Christistruth00:




Dangote is Hausa

Can anyone from the North confirm or deny this? I'm under the impression that both Dangote and Rabiu are Fulani.

Aconomist:
That's true. I've seen it. But, there are very few Igbo businessmen manufacturing on an industrial scale like Dangote and BUA Group are doing.

. The question you ask first is why and how did ibeto stopped his cement business among others, this is because federal government has Target on Igbo man business to destroy it. That is why the prefer importation

RedPanthar:




Tales


Episcopi was given up to 1000 acres. Whatever he needed for the success of the tomato production outfit could come out of that. Give me 500 acres for tomato cultivation and I'll. Smack down tomato. Paste production hands down



Eriscoi isn't good enough simple. Is Chi not operating in Nigeria?

. You are just talking trass as normal anti Igbo, the guy raised a silent point which you didn't react to instead you talked as expected

Idiotseverywher:
. You are just talking trass as normal anti Igbo, the guy raised a silent point which you didn't react to instead you talked as expected

I know your kinds. Just like your moniker. If you can compete intellectually, I drew you by your forefathers grave to use your real moniker and let's engage in that Duel. Full

Aconomist:
That's true. I've seen it. But, there are very few Igbo businessmen manufacturing on an industrial scale like Dangote and BUA Group are doing.

For almost two decades (since Obasanjo) the entire Nigerian policy framework has been tailored around Dangote's business. It's also not a secret that his business is the arrow-head of northern business interests.

If Innoson or Ibeto had that type of monstrous backup from FG and region they would take over the African market. Rather there've been deliberate policy shifts to slow them down.

But doesn't Ibeto produce cement at the Nkalagu plant?

XANDERO85:


What proof or links do you have to buttress your lame point that Michelin left Nigeria because Igbos flooded the market with imported second-hand tyres? You just keep on making daft, unfounded statements left, right and centre!

Last i heard, Michelin left Nigeria because of the unfavourable business environment of the country! Their cost of production couldn’t allow them break even never mind making a profit! ‘Unfavourable business environment’ would also include insecurity and ease of repatriation of funds!

Gbam ease of repatriation of funds!


Anyways one of the core reasons involved unsteady power supply. I had friends working there even as at when they folded up

Igbochief001:

U mean from scrab ? Lmao be serious oga

No. Did Nigeria not have smelting companies operating for years.?


Go do your home work o

Dedetwo:


Have you heard about "Igbo Made" in Nigeria? The government of Nigeria made sure Ibeto Group of Companies did not manufacture cement in Nigeria. The firmed cement industry in Igweocha (Port Harcourt) was given a life by Ibeto until the silly government stepped into the market to give monopoly on cement to peeps from northern region, Dangote and Rabiu (BUA Group).

.

Why do you like lie. What of LA farge too

BastardWike:
Do you think Dangote would be where he is today without 100% government support? Now, the question is, with the level of Igbophobia in Nigeria, can any Igbo man get that sort of government support and protection?

.
Nobody becomes a billionaire in this world without government support. Take that to the bank. Government support simply means the business environment favours you.

rafindo:
.

Why do you like lie. What of LA farge too

Ibeto was killed by FG for fulani/hausa advantage. Everyone knows that na

RedPanthar:



Ibeto was killed by FG for fulani/hausa advantage. Everyone knows that na

Erisco Foods invested plenty of billions in tomato pasta production but because of Dangote's interest in the business they frustrated him out of Nigeria. He's taken his business to another African country

nku5:


For almost two decades (since Obasanjo) the entire Nigerian policy framework tweaked to favour his business. It's also not a secret that his business is the arrow-head of northern business interests. If Innoson or Ibeto had that type of monstrous backup they would take over the African market. Rather there've been deliberate policy shifts to slow them down.

But doesn't Ibeto produce cement at the Nkalagu plant?

Ibeto is not serious. He has been "planning" to build a cement factory for over five years with zero progress. His business model is to import bulk cement and then bag it under the label " Ibeto Cement" it's pathetic. Can we really blame the Federal Government for that?

The plant in Nkalagu is Nigercem, which I believe is moribund state-owned business.

nku5:


Erisco Foods invested plenty of billions in tomato pasta production but because of Dangote's interest in the business they frustrated him out of Nigeria. He's taken his business to another African country

Naaaa

See. It goes back to having mediocre intelligence. If one would expend 5 billion and fail. Make him use 2 billion first then drive productivity and out of profitability him go scale up



ERISCO is an armature modern business person



I'm. Waiting for ERISCO to succeed at just one thing even if na packaged garri, he go still. Complain

nku5:


For almost two decades (since Obasanjo) the entire Nigerian policy framework has been tailored around Dangote's business. It's also not a secret that his business is the arrow-head of northern business interests.

If Innoson or Ibeto had that type of monstrous backup from FG and region they would take over the African market. Rather there've been deliberate policy shifts to slow them down.

But doesn't Ibeto produce cement at the Nkalagu plant?

Dangote was sponsored by Obasanjo who is not a Northerner. In fact, if you look at Dangote's investment pattern, you will see that he is a fully committed Lagosian and doesn't care much for his origin in Kano. Almost all his core investments are in the South West. He even decided to move his refinery to Lekki -- 300 miles away from any oil or gas source. If that is not a real lagosian, who is?

Even a core Northerner like Rabiu knew to make is refinery near the gas in Akwa Ibom. Dangote brought his to Lagos to please his sponsors

Aconomist:
Dangote was sponsored by Obasanjo who is not a Northerner. In fact, if you look at Dangote's investment pattern, you will see that he is a fully committed Lagosian and doesn't care much for his origin in Kano. Almost all his core investments are in the South West. He even decided to move his refinery to Lekki -- 300 miles away from any oil or gas source. If that is not a real lagosian, who is?

Even a core Northerner like Rabiu knew to make is refinery near the gas in Akwa Ibom. Dangote brought his to Lagos to please his sponsors

Dangote was given. Very unfair advantage by Obasanjo


Obasanjo was sponsored in his second term by Dangote to the tune of 200 Million quids. It's in history bro. Obasanjo rewarded him with the monopoly of three commodities. Dangote cashed it on it. Out of fear built the engine room. Of his empire in the core north



He's already billions of dollars rich. Hence the refinery which was developed by borrowed and loaned funds majorly by Nigeria is an experimental system that's discard able. He brought the model. Used his brand name to get loan for it. Hence if he loses it, he doesn't lose his backbone.


It's strategic. It has nothing to do with love for Lagos. He also chose Lagos because he could easily through the Atlantic ocean ship to international markets and cash out dollars

RedPanthar:




Dangote was given. Very unfair advantage by Obasanjo


Obasanjo was sponsored in his second term by Dangote to the tune of 200 Million quids. It's in history bro. Obasanjo rewarded him with the monopoly of three commodities. Dangote

Yes, but it was not an ethnic north/south thing. Dangote knows how to give money to the right people. Everyone gets money from Dangote -- this i know first hand.

Aconomist:
Yes, but it was not an ethnic north/south thing. Dangote knows how to give money to the right people. Everyone gets money from Dangote -- this i know first hand.

You said it not me. Dangote remains the product of an unfair Obasanjo creation. Simple and plain


As of when Dangote was handled the monopoly some of us were shouting, the same way I am still shouting that too large of the markets volume is allocated to him to produce. All of this matters in the right economy.

RedPanthar:




You said it not me. Dangote remains the product of an unfair Obasanjo creation. Simple and plain

Did anything stop Ibeto or anyone else from also giving money to Obasanjo for special concessions? At least Dangote can produce at a large industrial scale, which puts him above 99% of blacks who would rather fight for an import license or just loot their government.

Aconomist:
Did anything stop Ibeto or anyone else from also giving money to Obasanjo for special concessions? At least Dangote can produce at a large industrial scale, which puts him above 99% of blacks who would rather fight for an import license or just loot their government.

My dear it's wrong.


Concession ING should have legitimate processes. Not politicians posing as businessmen, their political God father's gives them money through one hand. And without due process hand them monopolistic business conditions. And then you're vexing at me.


Am I the one who created the circumstances?




Dangote isn't higher than anyone sane abeg. With his dodgy financial books. Fake and fraudulent dividends settlement system


Go ad do more research o. I'm not anti Dangote but when it comes to. Him go and look Into Dangote dividends disbursement and how the lack of right dividends payment simultaneously tailed his astronomical financial rise. Same applied to his book managers. Zenith Assurance

RedPanthar:




You said it not me. Dangote remains the product of an unfair Obasanjo creation. Simple and plain


As of when Dangote was handled the monopoly some of us were shouting, the same way I am still shouting that too large of the markets volume is allocated to him to produce. All of this matters in the right economy.

Dangote produces cement at a 60% EBITDA profit margin, which is unheard of in a free market ( cement should be 5% -- 15%). What is stopping other competitors like Ibeto from going into production and undercutting his price? NOTHING but their own stupidity and laziness.

Also, note that Ibeto doesn't have forex challenges. If he did, he wouldn't be able to import on such a mass scale.

Aconomist:
Dangote produces cement at a 60% EBITDA profit margin, which is unheard of in a free market ( cement should be 5% -- 15%). What is stopping other competitors like Ibeto from going into production and undercutting his price? NOTHING but their own stupidity and laziness.

On the contrary. I don't discuss Dangote cause I've never seen him as the right model.


Are you aware for 30 years Dangote is always working in tandem with the presidency?


Abeg leave Dangote, BUa, santana bring up other Northern business brands that alienated itself. From the political processes of white washing money and let's have a discussion then

BTW your energy has turned from the objective rational intellectual to the pro yoruba/fulani alliance discussionist


I'm not even igbo. So don't bother throwing that energy at me no need blowing anti-hero energy towards me. E nor dey touch me one single bit

It's only a matter of time. Some of us dey the pipeline dey work things out. We will shock some pipu

Aconomist:
Ibeto is not serious. He has been "planning" to build a cement factory for over five years with zero progress. His business model is to import bulk cement and then bag it under the label " Ibeto Cement" it's pathetic. Can we really blame the Federal Government for that?

The plant in Nkalagu is Nigercem, which I believe is moribund state-owned business.

Dangote used to import until the FG gave him the platform to go into production. Give other importers the same advantages and they will become producers as well.

Dangote despite all the advantages the company enjoys, were fighting Ibeto cement in court few years ago

RedPanthar:




On the contrary. I don't discuss Dangote cause I've never seen him as the right model.


Are you aware for 30 years Dangote is always working in tandem with the presidency?


Abeg leave Dangote, BUa, santana bring up other Northern business brands that alienated itself. From the political processes of white washing money and let's have a discussion then

How can we leave Dangote? No one is Nigeria is doing anything in value-added manufacturing aside from Dangote and BUA. Unless you want to talk about foreign companies like OLAM.

RedPanthar:
BTW your energy has turned from the objective rational intellectual to the pro yoruba/fulani alliance discussionist


I'm not even igbo. So don't bother throwing that energy at me no need blowing anti-hero energy towards me. E nor dey touch me one single bit

It's only a matter of time. Some of us dey the pipeline dey work things out. We will shock some pipu

haha, read my thread here before you accuse me of being pro Fulani/Yoruba alliance. I just want to see more manufacturing.

https://www.nairaland.com/6290249/southerner-im-ready-give-north

Aconomist:
How can we leave Dangote? No one is Nigeria is doing anything in value-added manufacturing aside from Dangote and BUA. Unless you want to talk about foreign companies like OLAM.

My dear bring a northern business modern separate from presidential policing then I will know you want to intellectualise. As long as Dangote gave Obasanjo 200 M for his election and got rewarded, he will never quality to me as a normal business person. Bring normal Northern business person or brand that isn't dantata, Dangote political business persons white washing money and then we can talk



Scratch ya mind

Aconomist:
haha, read my thread here before you accuse me of being pro Fulani/Yoruba alliance. I just want to see more manufacturing.

https://www.nairaland.com/6290249/southerner-im-ready-give-north

Go back and read the tone with which we were interacting to how it was after the change



You know the truth bro