In a recent interview with the business tycoon,
Aliko Dangote, he revealed the biggest mistake
a businessman can make.
“The most dangerous thing that could happen
to an entrepreneur is for him to go into a
business he doesn’t understand. You need to
know the A to Z of the business you are doing.
“That’s the only way you can succeed. That’s
the biggest mistake most people are making. I
don’t think that most of the people that have
invested in power really understand what it is.
It involves three things; generation,
transmission and distribution and all the three
require heavy investment. There are a lot of
issues that we have to resolve and I think with
seriousness, we’ll be able to do them.”
Dangote said this in an interview with
newsmen a few days ago. Dangote discussed
the state of the nation while explaining some
details in his businesses that are geared
towards a better life for Nigerians.
He called on Nigerians to invest at home and
create jobs. “Five to 10 people can make
Nigeria a great economy,” he said.
Below is what he said on fuel subsidy, his own
words as captured by Onochie Anibeze:
“The issue with subsidy is that government
needs to block all loopholes. If there’s no
subsidy, it will affect our foreign exchange;
we’ll end up buying a dollar at N500, because
there’s no VAT on petroleum products. That’s
why the import of petroleum products is
taking about 30% of our foreign reserve. We
just need to make sure that there’s no
siphoning of money. The refining business
requires volume. If you don’t have a massive
volume, there’s no way you’ll make money.
Most of the refineries in Africa are running at
a big loss. It’s not possible for government
officials to successfully manage oil
businesses. It’s good enough if they remove
the subsidy, but you can check with
neighbouring countries like Senegal. If a poor
person in Senegal can afford to pay subsidy,
why can’t a poor person in Nigeria afford to
pay. I think there must be something for the
masses, which should be in terms of power,
social insurance, good education system,
good roads etc.”
SOURCE: http://www.naij.com/479041-dollar-will-end-up-at-n500-if-aliko-dangote.html

So?

This is what they reffered to as CHANGE.

GEJ please come back.

dangote be patient. baba will restore dollar to 160

importexpert:
dangote be patient. baba will restore dollar to 160

No longer $1 = #1

APC = Party built on Lies.

Oh-kay