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Nairaland Forum / Nairaland / General / Politics / A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... (15940 Views)
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Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 3:33am On Aug 28, 2016 |
aresa:Okay it's confirmed . You're irredemable. The benefits include : not having to spend a dime of our forex which is scarce, and guaranteeing more than one refinery setting up shop here, which means more jobs, competition and more tax revenue in future. I'm sure you're still wondering how. Anyways wallow in your retrogression. 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Blue3k(m): 3:46am On Aug 28, 2016 |
Fascism approved by comment section. Dangote is the insider. Government bending over backwards to enrich him instead of making it easier for regular nigerians to invest and start companies. It's a polarized issue even in USA. Lots of people here despise the big banks that received bail out to save economy. 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 3:51am On Aug 28, 2016 |
aresa:if the president pushes for it, the Senate will have no choice but to look at it. If it's all over the news, that the legislature is holding back that bill, they'll sit up, if the radicalism and speed in which the president proposed his infamous grazing bill, they'd sit up. If his body language steps in there ( as Una yalk), we'd see progress. He hasn't shown any interest as concerns that bill, giving dangote 10% of forex while starving other entrepreneurs is biased. Learn to say the truth and stop letting stupid sentiments becloud your judgment. 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 3:54am On Aug 28, 2016 |
[s] revolt:[/s] Same boring and unintelligent nonsense... |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 3:54am On Aug 28, 2016 |
Blue3k:but it wasn't big bank, it was big BANKS, so there was room for competition. monopolies are like our civil service, they will exploit us while rendering poor services. 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 3:55am On Aug 28, 2016 |
aresa:how can a native doctor understand physics. run along jare 2 Likes |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by ezeagu(m): 3:56am On Aug 28, 2016 |
Some people are wasting their intelligence here on blatant trolls. 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 3:58am On Aug 28, 2016 |
revolt: Yes if if if if if if. Our lives depends on if if if and when when when Saraki and his gangs are ready. Last time I checked and according to the article and link I posted, Saraki suspended deliberations on the bill and not PMB. Please confine your ignorance to yourself and your ipob kind... |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 3:59am On Aug 28, 2016 |
[s] revolt:[/s] Abeg Bleep off with your unintelligent ramblings.. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Nobody: 5:25am On Aug 28, 2016 |
aresa:Wu iwa omoluabi ..... Bibee ko maa yeye e 1 Like 1 Share |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Nobody: 5:27am On Aug 28, 2016 |
aresa:Ogbeni se enue yun e Ni? 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Nobody: 5:32am On Aug 28, 2016 |
revolt:Be sure that you're reasoning with a person next time...... Not everyone is fit and well to be called a person. 2 Likes |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by realjoker(m): 8:10am On Aug 28, 2016 |
revolt:Lol... What a lame question. What is the correlation between this topic and protesting in ojota? I know you will never stop to amuse us with your public display of ignorance. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Ratello: 9:02am On Aug 28, 2016 |
porka:Stop wasting your precious time on them they are all programmed not to learn. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Bethelwealthy(m): 9:25am On Aug 28, 2016 |
EVarn: brof use ur brain. is dangote d only person building a refinery? am sure you know anambra is too, Lagos and Even few Igbo business men as well. think abt what innoson motors is doing abt substituting home-made vehicles for imported ones. The justification for this action is just one word "FAVOURITISM". Not just dangote only but we have induatrialists and masters of industries whose businesses requires forex. Am not against him getting forex but if the same treatment and shock absorbing process is not availed the other struggling or outrightly dying business, then it is a pure case of CONSPIRACY & NEPOTISM. Do you know what 10% means? except dangote is building 500 refineries at the same time, he doesnt require even 3%. all i see is a govt deliberately shielding one man from the effects of their bad and backward policies just to see all other business owners roast in it. It is called ANIHILATION. Any one who understand how islamization or any other dominationa works knows that once the economy is schewed in favour of the supremcist, power is totallt taken away from the unfavoured. It is now i belief this whole dollar saga is a deliberate agenda to destroy certain business-vibrant set of Nigerians. It is crystal clearer now. ..........we are in trouble! 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by EVarn(m): 9:47am On Aug 28, 2016 |
Bethelwealthy:Again,we have failed to avail ourselves with common sense. Dangote is building a refinery and petrochemical fertilizer plant along with a deep sea pipeline,all worth over $10 billion,how much is Nigeria's total forex year in year out?,let us imagine that Nigeria earn $80 billion in dollar this year,and we exchange 10% of it on dangote refinery,is that amount even still enough to fund the project?,you think 10% of our paltry forex means all the hard currency in the US federal reserve? The US is the biggest economy in the world,yet its economy is ruled by capitalist business empires like wallstreet,GE,Apple,Google,Jpmorgan and co; in a capitalist system like Nigeria, the economy will always be tilted in favour of the big enterprises,that is how capitalist systems work all over the planet. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 10:06am On Aug 28, 2016 |
realjoker:did you? |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 10:12am On Aug 28, 2016 |
SmartChoices:its bad our youths simply can't reason rationally. They think sentimentally and stupidly keep falling into holes un4tunately scholars like us keep being dragged in with them. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 10:12am On Aug 28, 2016 |
SmartChoices:its bad our youths simply can't reason rationally. They think sentimentally and stupidly keep falling into holes un4tunately scholars like us keep being dragged into these holes with them. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Bethelwealthy(m): 10:17am On Aug 28, 2016 |
EVarn: bros, you can hug ur narrow narrative like ur pillow as u like. but for me here's my point: 1. Dangote is a big businesa but not as big as 20% of all other business in Nigeria. 2. He's business a deep sea port but so also are other four companies. 3. He's building a refinery but so also are 6 other companies 4. If a million business men rely on a "palstry", forex like u put it, what is the justification that just one man have access to a whopping 10% of that? 5. If FG feel d need to protect businesses in the face of its obselete Policies, it should be across board. 6. If dangote is the next biggest employer of labour after govt and agriculture, please what is the total number of people he employs in a population of 180million that govt is not willing to protect other businesses but dangote that doesnt employ up to 1% of Nigerian population? 7. Lagos is the earth of business in Nigeria and dangote's presence in Lagos is less than 2%, what happen to all other businesses that keep Nigeria liquidity firm? .....................a narrow mindset is a disease. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by SmathGate(m): 10:22am On Aug 28, 2016 |
emiye:EMIYE can we be friends |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by EVarn(m): 10:38am On Aug 28, 2016 |
Bethelwealthy:The problem isn't a narrow mindset,it is failure to reason with civilized faculty,if any is present at all. Dangote does not employ 1% of Nigerians,but it is the highest local employer of both direct and indirect labour in Nigeria,should we wait until we find a company that employs 50% of Nigerians before we support its goal of building a national asset?,please name any other local refinery that is being built(with proof of its construction) and their proposed capacity. Over 50% of other big businesses in Nigeria's are import based,should we share out our limited forex to importers in special tranches? Eko Atlantic is relying on forex from the CBN,should we deny Chaugary group forex needed to build the landmark project simply because it does not employ 1% of Nigerians,or it is not the only city developer in Nigeria,or because other developers should have equal right?.Please let's make use of our IQ or borrow one if lacking. How many businesses in Nigeria need as much forex as the ongoing refinery?,its not as if the man is eating it,he is using it to build the biggest refinery in the world! The reason why dangote needs special forex in the first place is because of the enormity of funds the project is consuming, other businesses are also receiving forex,but in a more normal way,after all,the CBN cannot eat the 90% forex left,it has to spend it. Please let's reason more like human beings than bugs. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by revolt(m): 10:42am On Aug 28, 2016 |
Bethelwealthy:explain to that clown that monopolies go against the principles of privatisation and capitalism. Explain to that hard nutted brain, that 10percent of our forex to one enterpreneur while every other is starved is bias and will not ensure lots of employment as compared to when a viable enviroment is created and loads of fdis come in. I'd rather we have 25 refineries, than one super mega refinery. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Geniro: 11:27am On Aug 28, 2016 |
EVarn: Just listen to the trash you posted. You are putting your local refinery hope on him since Dangote is the only man that can bring about such development. A $100 million dollar incentive by the govt. is enough to stimulate the SMEs sector to bring about the much needed vibrancy into the economy in this trying times instead of believing that a single Refinery is the key to solving our peculiar challenges. Dangote will just price fix his stuff and there is absolutely nothing you can do to counter that due to monopoly. How are we sure he didn't use some of the same slush funds to make more billions in the parallel market while other multiple business were folding up leading to several thousands of job losses. By the time Dangote launches his refinery in a few years, we will be having millions who have lost their jobs and probably died due to hunger and frustration simply because the Govt. felt only an individual is worth such an humongous incentive. 1 Like |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Geniro: 11:36am On Aug 28, 2016 |
Bethelwealthy: From his post, you can clearly see his bias towards the SW. If this project was sited elsewhere, i seriously doubt he will be sounding as silly as this. No one is against a Dangote bringing a much needed local refinery, but allocating a whooping 10% to one man while we have thousands of businesses folding up leaving a wake of frustrated and hungry Nigerians in their path is plain idiocy. No wonder Sanusi said he can just be in his bedroom and be making billions of naira via forex and yet some ediots want us to support this nonsense. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by EVarn(m): 12:49pm On Aug 28, 2016 |
Geniro:Petty sentiments will get Nigeria nowhere; this is a man who has decided to invest $10 billion on building the largest refinery in the world in a country that does not have a deregulated downstream oil sector,in a country that has failed to pass the monumental PIB for over a decade. What other hope of local refining do we have?; once dangote gets his refinery working,it would definitely attract other investors to do the same(including those that have already been awarded license),then competition begins and fuel price get moderated. You are accusing him of selling out dollars to the parallel market(a claim which you are unable to prove); but if he does that,how do you think he will complete his project?,do you imagine that the CBN does not monitor the flow of dollars within banks and BDCs?.Moreover,only a selected number of BDCs are licensed by the CBN to sell dollars,so how will they escape monitoring? You people scream monopoly; is it his fault that many of our business men fail to explore business opportunities in Nigeria,instead the prefer to do "clearing and forwarding" importation.There is scarcity of tomato,cocoa,cotton and other commercial produts ,why can't our business men seize the opportunity to start producing these things en masse?,tomorrow if dangote decides to do it,they scream monopoly. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 1:00pm On Aug 28, 2016 |
Bethelwealthy: 1. Dangote is not building only a refinery, he's building the single largest refinery in the world to totally eradicate our fuel problems and export more for forex. This is more than enough reason to give him 10% 2. Dangote is not building only a refinery, he's building the largest fertilizer plant in Africa to to totally eradicate our fertilizer problems export more for forex. This is more than enough reason to give him 10% 3. Dangote is not building only a refinery, he's building the largest petrochemical plant in Africa to totally eradicate our petrochemical problems and export more for forex. This is more than enough reason to give him 10% 4. Dangote is not building only a refinery, he's building the largest Gas plant in Africa to totally eradicate our Gas and electricity problems and export more for forex. This is more than enough reason to give him 10% 5. Dangote is not building only a refinery, he's building the only sub sea pipeline 1000 kl to totally eradicate our fuel problems and export more for forex. This is more than enough reason to give him 10% So, there are more than 1 projects and these projects are so groundbreaking that they totally addressed nearly everything we need to advance and develop as a nation. It takes care or our fertilizer and farming problems for good It takes care of our Gas and electricity problems Nearly all our industries and factories imports petrochemicals, this takes care of all that and stops all importation of petrochemical products It totally eradicate fuel problems and even no more fuel importation The sub sea pipelines means huge jobs All in all, we are talking about more than 1 critical and national interest project, these are multiple projects that you'd prob' spend more on if addressed individually.. How many projects in Nigeria or even proposed projects in Nigeria can addressed these huge National issues? How many of them can create hundreds of thousands of jobs in the process that you know of that the government denied forex to function? Zero. For you to conclude that this is one sided, you first have to state to us categorically and even list the companies that applied for forex to build such critical infrastructures that were denied and turned back by the FG because of the 10% given to Dangote. All you anti unpatriotic and anti Nigerian elements are doing is blowing stale and rancid smoke, you care less about Nigeria and her interests, all you care about is her downfall and your silly and pathetic ipob. losers.... 1 Like 1 Share |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 1:05pm On Aug 28, 2016 |
EVarn: Are you minding them? How many companies trying to build refineries were denied forex or support by the FG? None How many companies trying to build a petrochemical plant were denied forex or support by the FG? None. How many companies trying to build fertilizer plant and were denied? None. How many companies trying to create hundreds of thousands of jobs were denied by the FG? None Doubt even if they know the meaning of monopoly.. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by Blue3k(m): 1:10pm On Aug 28, 2016 |
revolt: True point is they took all of our money to bailout private companies for their mistakes. I didn't make point about it being monopoly. They keep profits and we subsidize losses. |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 1:14pm On Aug 28, 2016 |
Buhari approves 65 licences for private refineries PMB gave out more refinery licence than any government and he did so in less than 10 days and even reduced the fee.. Obviously, the FG gave the same opportunity to other companies so if for whatever reason they are not showing any seriousness to build and utilize their permits, whose fault is that? Dangote or the FG? |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 1:19pm On Aug 28, 2016 |
Kachikwu: FG to Revoke Unused Refinery Licences About 25 licences that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be revewed at again and those that have remained inactive will be revoked, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. See, licences were given out, but they won't build or utilize the licences so where is the monopoly when others were give the same opportunity but still won't do anything? God Bless Dangote x 1000000000000000000000 I hope they give him another 20% or even 50% to do way way more.... |
Re: A $100 Million Gift : Reuters Exposes Buhari Govt Gave Dangote 10% Of All CBN... by aresa: 1:24pm On Aug 28, 2016 |
Reminds me of many unpatriotic elements rushing to other west african countries to build refineries instead of their own country just to dupe and milk us for money.. Many of them can not even invest or build any refinery in Nigeria because they are too afraid to openly invest and spend any money because it's stolen taxpayers money... |
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