soberdrunk:
As much as this refinery is a welcome development, i am not comfortable with this man's 'Monopolistic grip' on the Nigerian economy, it is not good for a fragile economy like ours.......

soberdrunk:


Keep laughing and making memes, i hope you will still find it funny when your kids are working long hours in one of Dangotes companies for less than minimum wage....

ultron12345:
and did anybody restrain you from building your own refinery to compete with his and break his potential monopoly. Some people will just be spewing trash.

hobermener:
Dangote and his ilks are just fronts for the old order (the wealthy military junta), considering the kind of concessions they enjoy.
The way this project is being heralded and anticipated by the present government gives one the feeling that the economic hope of africa's most populous nation hinges solely on this refinery. Nigerians wake up!!! Dangote refinery wont solve our myriad of problems!!!

DrayZee:

I think a monopoly on certain sectors by him wouldn't be so bad. I mean, some of these things are simple things the government could have just closed their eyes and built.
But instead, they decided to let us wallow in the repercussions of their poor reasoning.

Now this same Dangote is rumored to have began preparations for a standard private university with focus on science and technology. Tertiary education sector is not known to be an avenue for making profit. This guy is using his money to make things better.
Honestly, I see no reason why he shouldn't have control on some of Nigeria's resources.
After all, he won't use millions to start buying Christmas trees

DonMekino:


**Tertiary education sector is not known to be an avenue for making profits**.... That's not true.. He is investing also.... Unless the education is free or the private universities in Nigeria and the world don't make profits?

EponOjuku:
Nigerians are in for a long thing.

How much was a bag of cement before Dangote monopolized the cement sector? How much is it now?

How much was sugar before he monopolized the sugar market? How much is it now?

Wait till Dangote enjoys his monopoly on the electricity generation to Lagos, petrol to Nigeria and more. That's when Nigeria would start paying attention to something called 'Competition Law'.

EponOjuku:


That's because you're political illiterates and we determine who rules you.

soberdrunk:
As much as this refinery is a welcome development, i am not comfortable with this man's 'Monopolistic grip' on the Nigerian economy, it is not good for a fragile economy like ours.......

seXytOhbAd:
I applaud the vision,boldness, and direction this man took towards pushing this project forward. I will like to analyse why Dangote is truly a visionary without any tribal bias.

Proper analysis of the oil game. Femi Otedola made billions of dollars at the peak of the oil spike. He could have easily gotten into refining crude within the country, taking advantage of his already monopolised position in the diesel sector to further boost his position. Yet, he decided to focus on distributing already refined product, paying for refining, transportation and clearing of a product that is in abundance here in our beautiful country.
Ifeanyi Uba was another tycoon who could have easily gone into the refining business. His contacts in government put him at a very advantageous position, yet his alleged dealings with his Nnewi billionaire brother Cosmas Maduka soiled his reputation and tarnished his image in the financial sector.

Lesson: Dangote is really a late comer to the oil business in terms of active participation, but he decided to focus on a different aspect of the game after watching everyone else take a stab at it. Even if you want to say he is chopping political favours and money, you cannot deny his business acumen. Besides, if you were a politician and Dangote wanted you to invest your ill gotten gains in his business, really, would you say no?

hobermener:
Dangote and his ilks are just fronts for the old order (the wealthy military junta), considering the kind of concessions they enjoy.
The way this project is being heralded and anticipated by the present government gives one the feeling that the economic hope of africa's most populous nation hinges solely on this refinery. Nigerians wake up!!! Dangote refinery wont solve our myriad of problems!!!

DEADALIVE:
Do not judge a book by its cover... wait after four years then you will understand the mindset of a capitalist

400billionman:


Do not mind them

I just dey laugh.

Shebi, he said he will make cement sell at N1,000 per bag. He was using that to court the GEJ,(a sincere) administration.

How much is cement selling today ? The chips are down. Its N2,500.

400billionman:


Those other men you mentioned do not have the financial prowess to build a refinery.

Otedola and Ifeanyi Uba are not worth more than $1bn each. When Dangote first budgeted for this refinery, he first mentioned $2.5bn. Later, $6bn, later $9bn. Now this write up mentioned $18bn as its projected total cost. In the construction industry, there are some projects, you will not know its final cost, until you have started it.

Dangote cement being the highest quoted company on the Nigerian stock exchange, about $10bn. You should know that he is funding that refinery from sale of cement. Or you are wondering why cement is N2,500 since January 2017. That's the source of the refinery construction money.

CBN and some other African finance corporations have also contributed funds to the success of the project.

freshest4live:

is the value of the naira not also way above what it should be and even inflation and interest rate is high in Nigeria.