Dangote I know carry greed know u oh

austinsmat: dangote want to monopoly the cement market with back door the which is bad of him as a business mogul he clams the best way to fight competitor is to cut the price loose is short run and aquire the market in long run with the lower price he can force the competitor out of market because masses cheap and quality goods this fight will be advantage of poor masses

Sagytarius:

Please, punctuate. Then, you may be understood better. Thanks.

Audinowing: He is not dodging taxes or duties. He was given the relief to enable him recover from the loss he incured within the period his factory was closed down which I know was engineered by Dangote.

did you read the article at all?

I think most of the guys making negative comment about Dangote are business naive.
Business is all about maximising profit..which is driving force behind capitalism.
Ibeto have done the right thing by seeking court redress.
Our leaders are thief....people like OBJ only care about enriching themselves,this
should not have happen in the first place. But they only care about themselve.
I only hope Ibeto will get justice.........

Obj had hi stakes in Dangote's and wld stoop so low wt his dregs of the business world, where dog eats dog, to asphyxiate the hope of a common man levelling up their standard of living. Oga Joe shld open up the market and help us out...we can't keep postponing buildg our own houses just becos of sorts like Dangote...

This aboki really needs 2 b in jail 4 Nigeria 2 move 4ward. He is just destroying d economy 2 his advantage. It's obvious he hasn't heard of anti-trust, let him ask Bill Gates.

dangote should better go and pay all tbe money he borrowed from some folded banks and stop tryn to stop employment uprtunities.

We need progress, in the country, not war.

Dangote is not the only member of CMAN,LaFarge is too and I believe his case is very meritorious.
You can 't have two players in the same field subject to different rules.
Dangote enjoyed unfair monopoly for a long time but is he supposed to sue himself for that??That is human nature.
This is about a SPECIFIC case in court and that case can only be determined on law and facts not whether Dangote is a good man or a bad man.If we have anti monopoly laws in Nigeria maybe Dangote could be forced to sell some of his holding if he is considered too dominant but that is a separate matter and on the particulars as reported above i cannot fault Dangote

aribisala0: Dangote is not the only member of CMAN,LaFarge is too and I believe his case is very meritorious.
You can 't have two players in the same field subject to different rules.
Dangote enjoyed unfair monopoly for a long time but is he supposed to sue himself for that??That is human nature.
This is about a SPECIFIC case in court and that case can only be determined on law and facts not whether Dangote is a good man or a bad man.If we have anti monopoly laws in Nigeria maybe Dangote could be forced to sell some of his holding if he is considered too dominant but that is a separate matter and on the particulars as reported above i cannot fault Dangote

Get away! Your take on issues is most often warped. The federal government defense team prayed to court to dismiss Dangote's suit as lacking merit. While the all-knowing aribisala0 sits behind his computer and declare that Dangote's case is meritorious. Do u actually mean that it is right for Dangote to sue Ibeto after prospering through unfair competition? What a retarrrd! Dangote played by a different rule and his competitor is following suit to level out the playing field. We can't encourage ascendancy in business through government patronage. That doesn't prepare our businessmen for international competition. So it must be discouraged, starting with this case. As an astute businessman that he claims to be on international arena, why can't he allow the forces of market to push his competitor out of business? The article from the OP explained everything in great details. I wonder why u are racing to feed us with your characteristic jaundiced assumptions.

Now you are following me around on threads? Is there something wrong ? I expressed my opinion as is my right and you choose to attack me personally?
you called me a f00l on the other I ignored you and you persist?Do not think you are the only one who can be unruly
Please ACM if you mother is mad go and treat her do NOT bring that madness anywhere near me stay away from me.do NOT quote me or otherwise engage me Final warning
Cancer,death and motor accidents will rain on you and your family.Bastard!!

Dis Guy: Why isnt Ibeto expanding or building more cement plants, why are they so obsessed with importation only,
they are the only ones not complying

How did dangote start? isn't it by importation of cement yet he still imports till date, please give Ibeto a break, it is high time we have a competitor in the cement, sugar and salt market, this will certainly crash the market and he who has taken so much from the masses will begin to pay back gradually.

By the way, dan-goat-ey is just being greedy.

babestella:

How did dangote start? isn't it by importation of cement yet he still imports till date, please give Ibeto a break, it is high time we have a competitor in the cement, sugar and salt market, this will certainly crash the market and he who has taken so much from the masses will begin to pay back gradually.

By the way, dan-goat-ey is just being greedy.

yes he started by importation and naturally moved with the times abd current legislation, thereby supporting FG determination to produce what we consume in the country gradually until they can make importation very unattractive, but mr Ibeto is taking the easy way out, importing only, we all can just continue importing or re-bagging cement, but who is that helping how many sustainable jobs are we creating that way? the cureent legislation support the highest manufacturer, the more you manufacture in the country the more you are allowed to import and less tax you pay- thats the idea, but mr ibeto is enjoying the buy n sell model. no added value no job creation nothing. you cant penalise someone for taking the risk to invest in the country, ibeto has politicians rooting for him too

austinsmat: dangote want to monopoly the cement market with back door the which is bad of him as a business mogul he clams the best way to fight competitor is to cut the price loose is short run and aquire the market in long run with the lower price he can force the competitor out of market because masses cheap and quality goods this fight will be advantage of poor masses

Dude,is dat english?

Dis Guy:

N12billion investment in how many years? they just want to keep importing, theres a deadline given for the backward intergration

How else will a company expand if their operations has been shut down for a while? Let's be realistic and objective at same time. Dangote bought his way, had everything being equal - every player on his own, do you think Dangote will have expanded up to this level? When you have unfair practice in place to favor one or the other, guess what, sooner or later the looser will be the winner and winner will be the loser.

Do you think Dangote clamoring all of these is because he wants to? The man is afraid, this is a strategy to steer off Ibeto off his game, because he knows the moment prices are down, it will DEFINITELY show on the books. He's lucky because Ibeto doesn't have aggressive financing like he does, let Ibeto go public now, + a strategic plan in place his fears will be more than $40million.

there is a difference between social and legal justice. any judgment in this case becomes established as precedent in our law.if this is established for Ibeto where does it stop.One does not correct unfairness with unlawfulness.If the FG wronged Ibeto they should pay him cash not tax waivers that is just not right.That distorts the market besides LaFarge is another player in the market it is not ONLY Dangote who has an interest in this case.
Others smaller than Ieto will seek the same thing in future

one would even think Ibeto was such a big player like Dangote was holding his joystick, there Lafarge expanded or merged, CCNN, Ashaka etc stuck to teh new policies, the expanded but Ibeto's only strategy was to continue whining and blaming the Aboki

The current production data from the various plants in the country, obtained from Cement Manufacturers Association of Nigeria, CMAN, show that the country's total cement production capacity is now at 22.5 million metric tonnes (mmt) per annum while the country's cement consumption is 18.5mmt.

Dangote alone currently accounts for 15 million mmt annum (Ibese- 6mmt, Benue Cement- 4mmt; Obajana- 5mmt) while Lafarge Wapco Cement Plc group is contributing 7.5mmt (Ewekoro l- (1.2mmt; Shagamu Cement Plant- 800,000metric tonnes and Ewekoro ll- 2.5mmt). Unicem produces 2.5mmt while Ava cement produces 500,000 metric tonnes.

where is Ibetooo? Cement Importers association of Nigeria?

Group Chairman/CEO, Lafarge, Bruno Lafont, said: "This new plant brings our capacity to more than 8 million tonnes of cement in Nigeria alone. We are determined to continue to make a meaningful and valuable contribution to the socio-economic development of Nigeria. That is my pledge to all of you.

So this new plant will help to keep Nigeria self-sufficient in cement. It will create the foundation for future economic development in your country. It will employ, and provide skills for hundreds of Nigerians and it will benefit hundreds more indirectly. It is something for us all to be proud of."

What is wrong with supporting people like these?

and where are these traders? they sold their quotas when they realised it wasnt moin moin, they suddenly realised they would be doing more than just buying and selling

It would be recalled that the late President Umaru Musa Yar'dua lifted the ban on importation of bulk cement in 2009, and granted import licenses to six new firms along the existing cement producers to flood the market with the commodity and crash the price.

The six new companies that got the import licenses to complement existing ones were: Minaj Holdings Limited, Enugu, Madewell products, Sapele, BUA International Limited, Kano; NICA Limited, Maiduguri; Reagan Renaissance Limited, Calabar and MAAN Labadi, Lagos.

They joined the seven existing players: Lafarge Cement WAPCO Nigeria; Ashaka Cement; Benue Cement Company, Gboko; Obajana Cement, Kogi; UNICEM Calabar; Cement Company of Northern Nigeria, Sokoto and DURECHEM, Ogun State.

Dis Guy:

yes he started by importation and naturally moved with the times abd current legislation, thereby supporting FG determination to produce what we consume in the country gradually until they can make importation very unattractive, but mr Ibeto is taking the easy way out, importing only, we all can just continue importing or re-bagging cement, but who is that helping how many sustainable jobs are we creating that way? the cureent legislation support the highest manufacturer, the more you manufacture in the country the more you are allowed to import and less tax you pay- thats the idea, but mr ibeto is enjoying the buy n sell model. no added value no job creation nothing. you cant penalise someone for taking the risk to invest in the country, ibeto has politicians rooting for him too

That's BS! Dangote has never produced a bag of cement in Nigeria. He imports all his cements till date.

ACM10:

That's BS! Dangote has never produced a bag of cement in Nigeria. He imports all his cements till date.

>insert raised eyebrow<

aribisala0: Now you are following me around on threads? Is there something wrong ? I expressed my opinion as is my right and you choose to attack me personally?
you called me a f00l on the other I ignored you and you persist?Do not think you are the only one who can be unruly
Please ACM if you mother is mad go and treat her do NOT bring that madness anywhere near me stay away from me.do NOT quote me or otherwise engage me Final warning
Cancer,death and motor accidents will rain on you and your family.Bastard!!

I think u need the help of a psychiatrist.

ACM10:

I think u need the help of a psychiatrist.

Who cares what you or your mother thinks?
Stay away from me!!

Dis Guy:

>insert raised eyebrow<

My dear, Dangote imports all his cement and has never produced a single bag in Nigeria. That's one of the ploy that he used to prompt Obasanjo to ban Ibeto cement. He still imports all his cement till date

Hmmmmm, interesting.

Dangote is a very greedy, selfish and avaricious man, why is he playing so dirty? Scared of healty competition in a country of 160 million ppl, damn him! Btw kudos to GEJ for intervening on the side of Nigerians, i have seen that you mean well but probably your detractors are blackmailing you! Pls revamp the power sector, holistically probe the subsidy scam, pension scam et al and exhibit more firepower (by jailing the sponsors) in the fight against BH and we the masses will support you to continue beyond 2015!

DANGOTE IS A BLOODY KUNTA KUNTE,A HUGE COCRAOCH AND A STUPID GREEDY BASTARD.

ACM10:

Get away! Your take on issues is most often warped. The federal government defense team prayed to court to dismiss Dangote's suit as lacking merit. While the all-knowing aribisala0 sits behind his computer and declare that Dangote's case is meritorious. Do u actually mean that it is right for Dangote to sue Ibeto after prospering through unfair competition? What a retarrrd! Dangote played by a different rule and his competitor is following suit to level out the playing field. We can't encourage ascendancy in business through government patronage. That doesn't prepare our businessmen for international competition. So it must be discouraged, starting with this case. As an astute businessman that he claims to be on international arena, why can't he allow the forces of market to push his competitor out of business? The article from the OP explained everything in great details. I wonder why u are racing to feed us with your characteristic jaundiced assumptions.

Thank you!.

austinsmat: dangote want to monopoly the cement market with back door the which is bad of him as a business mogul he clams the best way to fight competitor is to cut the price loose is short run and aquire the market in long run with the lower price he can force the competitor out of market because masses cheap and quality goods this fight will be advantage of poor masses

dude dude dude!
lol! dangote has "monoply" the market! what did he do! skip jail pass directly to go and collect 200 pounds?

austinsmat: dangote want to monopoly the cement market with back door the which is bad of him as a business mogul he clams the best way to fight competitor is to cut the price loose is short run and aquire the market in long run with the lower price he can force the competitor out of market because masses cheap and quality goods this fight will be advantage of poor masses

dexterfal:
dude dude dude!
lol! dangote has "monoply" the market! what did he do! skip jail pass directly to go and collect 200 pounds?

SEE THE THINGS DANGOTE IS DOING TO NIGERIANS
the bros for just use igbo language communicate!

You see why Nigeria won't find it easy to attract genuine foreign investors and also push our local businesses overseas. Who can forget what happened to Jimoh Ibrahim... you put out a bid and sell companies for billions to citizens and you go ahead to take it by force. Double standards in effecting policy and half measures in allocating resources.

Cant they both hustle for the market shares fairly. Global Businessman indeed. e no dey see Apple and Microsoft dey hustle for the same market.

mystikal: Cant they both hustle for the market shares fairly. Global Businessman indeed. e no dey see Apple and Microsoft dey hustle for the same market.

its a case of baboon dey work monkey dey chop, the policy was to end cement importation by 2012/13 hence gradual descrease of importation quota
but mr Ibeto no wan invest for country, him wan dey import, whilst THE REST not only dangote we're investing heavily in manufacturing.