My Mouth: officially, he is but in reality he is not! come to think of it , Abacha's wife once said that the federal government can size as mush money as they can from them but the Abacha family can neva be as poor as Dangote.

eazzzy1: Oyedepo makes d first 5 definitely,if he ain't no 1..I'm nt saying pple shud stat cursing o..its d blessings of d Lord

LesbianBoy: DAVIDO'S FATHER is richer than dangote!

Etumgbe: Ask forbes magazine

redcliff:

[size=14pt]MUMUNI ALAO. I like your Law of Attraction principle but please be realistic.[/size]

jadakiss213: Igbo don scatter this one head!..ODE

KnowAll: [@shaw007][/b]-


If as mentioned in the other thread about the "wonders going on in Akwa Ibom State", it was hinted by one of the contributors that AK State gets N11.6 billion Naira every month as 13% derivatives, plus another N2.6 Billion as statutory fund, not talking of how much the state generates internally, and also not mentioning the LG funds which the Governor's also have access to.

It would not be inconceivable to think a greedy Governor who wants to be d richest man pocketing the whole 11.6 billion. If we do the maths 11.6 x 12 = will just be short of N144 billion a year, and they have 8 years to go. Just in one year, a greedy South-South Governor would have almost dusted Dangote's wealth of (160 billion). So it means if they steal just halff of the Derivatives over a 8 year period they would still dust Dangote's wealth. At the end of their tenure just stealing half of the fund would be N5 Billion X 12 = N60 Billion a year X 8 = N240 Billion!!

This analysis is scary, I hope those South-South Governor's are not as greedy as mentioned above !!!

KnowAll:

Wrong Analysis I thought Dangote's wealth is 160 Billion Naira. Dangote's wealth is actually 160 Billion x 13 = $13 Billion dollars. No Governor can be rich as Dangote, they would have to steal $1.5 BILLION Annually and that is not possible. But a motley crew like Tinunbu and his cohorts can supercede that becos they operate like a Mafia unlike the South-South Governors who are soloist.

KnowAll:

We know the ex presidents IBB and Abdulsalam may have more than Dangote but these guys are discounted. They were Military Head of State who ruled by the barrel of the Gun. However, I don't think OBJ is a billionaire thus!

Obj is the richest man in nigeria……under his tenure fuel price went sky high. before he assumed power in 1999, fuel price was between 21/24naira. plus the 13billion dollars he stole(all in the name of steady electricity/power) and many more.……………Dangote is said to be the richest, only because his money is legitimate.………………Do you know that Orji uzor kalu(former governor of abia state, chairman of Pan africa, C.E.O of Slok oil and Slok airline) might be richer than dangote.

KnowAll: With the kind of money some of those South-South Governors get on a monthly basis and spend willy-nilly without any checks, restrictions, or restrain, is it not a fallacy to think Dangote is the richest Nigerian? In Lagos, Tinunbu/Fashola and his cronies who have held the commercial heart of Nigeria for 13 years are the God-Fathers of this city that has the reputation of being the 5th largest economy in Africa if it were a country , Do we know what that interprets into in Pence, Cents, Pounds £££, and Dollars$$$$.

Are these gentlemen who keep on promising us the 4th mainland bridge not richer than Dangote? They and their cronies have bought all the prime lands in Lagos, any infrastructural built by these quite and easy going 'Capone' they make sure they take a token in form of levying the so called 20 million "mugus" in Lagos, the Lekki Toll comes to mind, same thing would be applicable to the Ikoyi-Lekki link Bridge, A token in form of a levy would be paid by anyone who wants to take this short route to Lekki Peninsula, these gentlemen without underestimating their might, would probably build Eko Atlantic City single handedly without any in-put from banks or any financial institutions, are these people not richer than Dangote?

They Fashola/Tinubu gave Akeredolu a blank cheque to fight the election in Ondo State knowing fully well their man has no chance in hell against a formidable opponent like Mimiko, yet they went ahead and bank-rolled the expedition. All the funds expended on that debacle of an election has now been summarily written off by the duo Tinunbu/Fashola, while Akeredolu is not a penny short despite going through such a titanic battle. If it were to happen to mere mortals like me and you, we would be dead broke. No doubt these two gentlemen, do really have deep pockets.

What of Akpabio, Odili, Udughan, Amechi and Silvia. Nothing on the ground to show they have spent their monthly allocations wisely and judiciously. In Port Harcourt a fly-over that was undergoing construction suddenly crashed, are the good people of Rivers State not short-changed by these cutting-corner roughish tactics of Mr Governor? all we see in Asaba, Uyo and Yenogoa are Keke Nepap, an eye-sore looking vehicle that was never part of the Nigerian terriaine. What has happened to those mouth-watering allocation? Rumours have it Odili owns Arik, Amechi has 2 refineries in Ghana, and Silvia's own houses all over the place which are currently under-going lock-down by EFCC.

Asaba still looks like a village despite the huge allocation from the FG, the only major project done so far in this dispensation is that over-inflated, over-rated and under-use Airport. Silvia built a fantastic Governor's lodge for himself and nothing else, yet for the time he was Governor he got close to a N1 Trillion Naira, what d fuccckk has he done with all those fund?

Akapbio seems to be the knight in shining Armour, at least he built a few over inflated fly-over’s in Uyo Township going to no where . Uyo a city of modest traffic does not need such frivolities at this time of her development, when one looks at a clip of those fly-overs, one cannot but notice those un-ubiquitous keke-nepap gliding over d fly-over’s like kids sliding down a bouncing castle, even at that, one would expect 100's of keke-nepap moving up and down the road but to one's astonishment there appears to be just a few of them on these grandiose, over-inflated road made from gold dust, it would seem. Rumours have it he is the richest Nigerian(do not quote me)

So back to my initial Question, Is Dangote still the richest Nigeria?, well maybe, Dangote might edge it by a lttle notch, but if another crony of Tinunbu were to be elected into Alausa, the worth of that tight knit Lagos Mafiosi 'family' would be anyone's guess.

It still baffles me why you will compare me Aliko Dangote who is has decided to single handedly invest $2 billion (i.e. N300 billion) in a fertilizer plant in Edo state starting from this year to our small 'thiefy' politicians

Joey82: @op

Dangote is still the richest!!!!!!
All the governors and cronies you mentioned go on a spending spree without any genuine investments that will bring returns.
Wealth is not measured by how much cash u have, it is measured on the resources/machinery u'v put in place to ensure sustainability.

KnowAll: [@shaw007][/b]-


If as mentioned in the other thread about the "wonders going on in Akwa Ibom State", it was hinted by one of the contributors that AK State gets N11.6 billion Naira every month as 13% derivatives, plus another N2.6 Billion as statutory fund, not talking of how much the state generates internally, and also not mentioning the LG funds which the Governor's also have access to.

It would not be inconceivable to think a greedy Governor who wants to be d richest man pocketing the whole 11.6 billion. If we do the maths 11.6 x 12 = will just be short of N144 billion a year, and they have 8 years to go. Just in one year, a greedy South-South Governor would have almost dusted Dangote's wealth of (160 billion). So it means if they steal just halff of the Derivatives over a 8 year period they would still dust Dangote's wealth. At the end of their tenure just stealing half of the fund would be N5 Billion X 12 = N60 Billion a year X 8 = N240 Billion!!

This analysis is scary, I hope those South-South Governor's are not as greedy as mentioned above !!!

KnowAll:

Sorry Oga Dangote, nobody is comparing u, in fact I am your biggest fan on Nairaland!

bolded: the person you quouted said N130 billion in 13 fold, meaning N130 x 13. Dangote's $12 billion worth . will translate to N1.8 trillion, which can finance Lagos state budget for 4 solid years...Please compare Dangote with FG and not states

KnowAll: [size=16pt]But at times we might be over exergerating IBB's, Abacha's and any other head of state's wealth. If Nigeria as a country only makes $30 billion dollars a year, how could it be possible for someone like Abacha to be Richer than Dangote. Abacha would have to steal the whole $30 billion year in year out which is not possible[/size]?