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5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State (6998 Views)

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5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 9:05pm On Jan 03
i will be starting a series about Nigerian owned businesses that are far bigger and richer than lagos state. this thread is not to belittle anyone but to make it easier for my fellow business men who are running businesses all over the world about the need to invest more at home rather than invest in a city far away (no man's land).

MTN
Revenue as at 2015 US$ 15.432 billion
Number of employees 17,509
chairman Pascal Dozie
Tribe of chairman , igbo
According to Nairametrics, MTN Nigeria has reported that it posted a total revenue of about N870 billion (R31.97 billion) for the period ended June 2017
https://en.wikipedia.org/wiki/MTN_Group


Dangote Group
Onwed by Aliko Dangote
number of Employees 26,000
chairman Aliko Dangote
Tribe of chairman , Hausa
Revenue US$2.642 billion (2012)
according to the NewNigeria Dangote Cement revenue hits N615.1bn in 2016 | The NEWS
https://en.wikipedia.org/wiki/Dangote_Group

Zenith Bank Group
Chairman Jim Ovia
Tribe of chairman , Delta igbo
Number of employees estimated at 18,000 (will cross check)
Revenue as at 2017 ,recorded gross earnings of N380.4 billion
https://www.premiumtimesng.com/business/business-news/239902-zenith-bank-posts-n75-32-billion-profit-6-months.html


UBA Group
Chairman Tony Elumelu
Tribe of chairman , Delta igbo
Revenue as at 2016 ,recorded gross earnings of N384.0 billion
https://www.thisdaylive.com/index.php/2017/03/27/uba-grows-profit-by-32-declares-final-dividend-of-55kobo/
To be continued after some coffee break,
you can air your views
Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 9:06pm On Jan 03
by the way please no tribal tantrums just deeply analysing the economy
Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by adims96(m): 9:06pm On Jan 03
wow, soon I join
Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by obua: 9:08pm On Jan 03
Richer and bigger than lagos state , how ?

17 Likes

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by Rmxr: 9:13pm On Jan 03
Lol. Our brothers from ipob bureau of statistics are back from holiday

64 Likes 4 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by ImperialYoruba: 9:19pm On Jan 03
Biafran Bureau of Statics at work... grin

74 Likes 8 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 9:25pm On Jan 03
ImperialYoruba:
Biafran Bureau of Statics at work... grin
i will be posting verifiable links to verify the figures quoted

1 Like 1 Share

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by sekxyqueen(f): 9:27pm On Jan 03
wow
Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by adeolakemi: 9:29pm On Jan 03
I don't know how afonja will see this but I think osun is richer than the 5 companies joined together yet the only alert we receive on our phone is Mtn airtel Glo promotional adverts nothing like salary alert

8 Likes

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by Flashh: 9:30pm On Jan 03
But this won't help the masses.

24 Likes 1 Share

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by Mynd44: 9:31pm On Jan 03

Lagos State governor, Akinwunmi Ambode, has described the state as the fastest growing mega city in the world, just as he revealed that its Gross Domestic Product GDP has hit $136 billion


http://nigeriacommunicationsweek.com.ng/lagos-gdp-hits-136bn/

LAGOS State government on Tuesday disclosed that it has a staff strength of 100,443, even as it said it also created employment opportunities indirectly through various projects awarded as contracts across the state

http://www.tribuneonlineng.com/lagos-staff-strength-100443-hos/


Where do you people find your alternate facts from? undecided
undecided undecided

82 Likes 7 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 9:31pm On Jan 03
Flashh:
Who extimated this?

I have posted the URL for your verifications
Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by sekxyqueen(f): 9:33pm On Jan 03
.
Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by EternalTruths: 9:36pm On Jan 03
Mynd44:

Lagos State governor, Akinwunmi Ambode, has described the state as the fastest growing mega city in the world, just as he revealed that its Gross Domestic Product GDP has hit $136 billion


http://nigeriacommunicationsweek.com.ng/lagos-gdp-hits-136bn/

LAGOS State government on Tuesday disclosed that it has a staff strength of 100,443, even as it said it also created employment opportunities indirectly through various projects awarded as contracts across the state

http://www.tribuneonlineng.com/lagos-staff-strength-100443-hos/


Where do you people find your alternate facts from? undecided
undecided undecided


The problem with most of you, is that you people aren't well informed and fail to properly inform yourselves.


There is no way, a state can be richer than a globalized company.

Why.?

Because, what makes a person or country or company rich, is it ability to produce diverse products that can be exchanged for money.


You don't expect Lagos or Nigeria to be richer than any globalized company.

That is why I believe that Nigeria should take
R & D serious so that they can develop such companies to create wealth & good jobs for Nigerians.

Unfortunately, Buhari the dullard has destroyed YOUWIN and has not set the ball rolling for R & D

Mynd44 kettykings etc take note of this fact.

10 Likes 1 Share

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by verydark: 9:37pm On Jan 03
this thread dont make sense.lagos is a country in africa on its own.after egypt their is no other country that come near lagos.

9 Likes

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by wirinet(m): 9:40pm On Jan 03
The MTN that posted a profit of US$ 15.432 billion is MTN Group, a south African company with a 35% share in MTN Nigeria. Pascal Dozie, an Igbo man is not the chairman of MTN group, the chairman of MTN group is Phuthuma Nhleko, a South African.

In fact MTN Nigeria under Pascal Dozie, an Igbo man actually posted a $200 million loss in 2016



MTN posts first ever loss in 22 years

Telecoms giant, MTN said it made a $200 million loss in 2016, the company’s first after suffering a huge fine in Nigeria and currency challenges in key markets.

A statement by the MTN Group on Thursday, indicated that its financial results for 2016 reflect the most challenging year in the company’s 22-year history.
https://www.google.com.ng/amp/s/www.vanguardngr.com/2017/03/mtn-posts-first-ever-loss-22-years/amp/

47 Likes 5 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 9:51pm On Jan 03
wirinet:
The MTN that posted a profit of US$ 15.432 billion is MTN Group, a south African company with a 35% share in MTN Nigeria. Pascal Dozie, an Igbo man is not the chairman of MTN group, the chairman of MTN group is Phuthuma Nhleko, a South African.

MTN Nigeria of which Pascal Dozie is the chairman made a revenue of N870B in 2017 despite scorched earth policies of the Govenrment

https://nairametrics.com/mtn-reports-n870-billion-revenue-from-nigeria-alone-in-2017-hy/

6 Likes 2 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by EternalTruths: 9:53pm On Jan 03
wirinet:
The MTN that posted a profit of US$ 15.432 billion is MTN Group, a south African company with a 35% share in MTN Nigeria. Pascal Dozie, an Igbo man is not the chairman of MTN group, the chairman of MTN group is Phuthuma Nhleko, a South African.

In fact MTN Nigeria under Pascal Dozie, an Igbo man actually posted a $200 million loss in 2016

verydark



If the Igbos take R & D very serious and build globalized companies out of it, each of their companies will possess more wealth and good jobs than Lagos State.

Ability to produce diverse marketable goods & services, is the key to wealth creation.

3 Likes

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 9:54pm On Jan 03
EternalTruths:



The problem with most of you, is that you people aren't well informed and fail to properly inform yourselves.


There is no way, a state can be richer than a globalized company.

Why.?

Because, what makes a person or country or company rich, is it ability to produce diverse products that can be exchanged for money.


You don't expect Lagos or Nigeria to be richer than any globalized company.

That is why I believe that Nigeria should take
R & D serious so that they can develop such companies to create wealth & good jobs for Nigerians.

Unfortunately, Buhari the dullard has destroyed YOUWIN and has not set the ball rolling for R & D

Mynd44 kettykings etc take note of this fact.
Eternal truth i quite agree with you on this even a that i compared the revenues of Lagos state Government and the Private companies and found that the these companies make more revenue as at the quoted dates.

3 Likes

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by wirinet(m): 9:57pm On Jan 03
kettykings:


MTN Nigeria of which Pascal Dozie is the chairman made a revenue of N870B in 2017 despite scorched earth policies of the Govenrment

https://nairametrics.com/mtn-reports-n870-billion-revenue-from-nigeria-alone-in-2017-hy/

So now it is not more about MTN, being chairmaned by Pascal Dozie, an Igbo by tribe posting a profit of $15 billion, but is now about MTN Nigeria of which Pascal Dozie is the chairman made a revenue of N870B in 2017 despite scorched earth policies of the Govenrment.

In your school, your teachers taught you that revenue equals profit?

47 Likes 4 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 10:04pm On Jan 03
wirinet:


So now it is not more about MTN, being chairmaned by Pascal Dozie, an Igbo by tribe posting a profit of $15 billion, but is now about MTN Nigeria MTN Nigeria of which Pascal Dozie is the chairman made a revenue of N870B in 2017 despite scorched earth policies of the Govenrment.

In your school, your teachers taught you that revenue equals profit?

I am not to argue with anyone please. This is a discussion , you can kindly verify the facts , MTN made more revnue than lagos state . Thank but no thanks.

Please do not divert the thread , it is an intelligent discuss about how state and companies revenue tally.

3 Likes 1 Share

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by EternalTruths: 10:05pm On Jan 03
kettykings:

Eternal truth i quite agree with you on this even a that i compared the revenues of Lagos state Government and the Private companies and found that the these companies make more revenue as at the quoted dates.

My brother, most Nigerians don't know this fact.

I remember in 2012 I had to write to Jonathan, Okonjo, Peter Obi and several governors about the importance of giving #10m naira business grants for those with business ideas and to encourage the teaching on investments.

Thank God, Jonathan,Okonjo and Peter responded positively by establishing YOUWIN and
teaching Anambra secondary school students the importance of investments.

You can check the news about the investment class for secondary school students organized by Okonjo and Peter in 2012 between the months February - April.


The only thing that pains me to this day, is not to have discovered on time the importance of R & D and to have teach them how to implement it into Nigerian Educational System.

If I had known & done so, Jonathan would have gone very far than what he achieved.

I feel bad to have failed Jonathan, Okonjo and Peter in not identifying this key fact on time.

Now, I will have to share that idea with the governments of other countries since Buhari is a disaster & none of our Governors are intelligent & patriotic enough.

5 Likes 4 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by EternalTruths: 10:07pm On Jan 03
kettykings:


I am not to argue with anyone please. This is a discussion , you can kindly verify the facts , MTN made more revnue than lagos state . Thank but no thanks.

Don't waste your energy arguing with a Yoruba person.

They think they are more intelligent than the Igbos and therefore, the spirit of pride hinders them from learning.

It is best you teach & focus on our people and those ethnic groups that are Pro Igbo and Pro Biafra.

3 Likes 2 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by ODVanguard: 10:14pm On Jan 03
wirinet:


So now it is not more about MTN, being chairmaned by Pascal Dozie, an Igbo by tribe posting a profit of $15 billion, but is now about MTN Nigeria of which Pascal Dozie is the chairman made a revenue of N870B in 2017 despite scorched earth policies of the Govenrment.

In your school, your teachers taught you that revenue equals profit?

It seems you think you can reason with these ipobs. Smh. This whole exercise is just another vain attempt to hype themselves while running down Lagos. In their hearts they know and see Lagos as a symbol of Yoruba administrative prowess hence this typical attempt to run down and belittle its strides. Don't be naive.

48 Likes 4 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 10:14pm On Jan 03
EternalTruths:


My brother, most Nigerians don't know this fact.

I remember in 2012 I had to write to Jonathan, Okonjo, Peter Obi and several governors about the importance of giving #10m naira business grants for those with business ideas and to encourage the teaching on investments.

Thank God, Jonathan,Okonjo and Peter responded positively by establishing YOUWIN and
teaching Anambra secondary school students the importance of investments.

You can check the news about the investment class for secondary school students organized by Okonjo and Peter in 2012 between the months February - April.


The only thing that pains me to this day, is not to have discovered on time the importance of R & D and to have teach them how to implement it into Nigerian Educational System.

If I had known & done so, Jonathan would have gone very far than what he achieved.

I feel bad to have failed Jonathan, Okonjo and Peter in not identifying this key fact on time.

Now, I will have to share that idea with the governments of other countries since Buhari is a disaster & none of our Governors are intelligent & patriotic enough.

i think this absence of R and D is one of the reasons Nigerian Companies dont last long after the owner passes on even if there is a good succession plan in place. if the youwin concept is implemented in some of the willing states in the East , Startups which will not only beat the states in revenue generation can be birthed , startups that can solve energy crises , provide solutions of secuirity issues and food processing startups

2 Likes 1 Share

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by deomelo: 10:15pm On Jan 03
kettykings:


MTN Nigeria of which Pascal Dozie is the chairman made a revenue of N870B in 2017 despite scorched earth policies of the Govenrment

https://nairametrics.com/mtn-reports-n870-billion-revenue-from-nigeria-alone-in-2017-hy/



Village economist, there's a clear difference between gross revenue and profit.


Your thread no get head or tail sef, it's the usual meaningless, illogical and upside down ipob rubbish.

41 Likes 2 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by wirinet(m): 10:16pm On Jan 03
EternalTruths:


Don't waste your energy arguing with a Yoruba person.

They think they are more intelligent than the Igbos and therefore, the spirit of pride hinders them from learning.

It is best you teach & focus on our people and those ethnic groups that are Pro Igbo and Pro Biafra.

You people have very serious psychological problems, you tell lies just to massage your ego and any one that fact checks and burst your lies must be Yoruba.
You post the blatant lie that Pascal Dozie, an Igbo by tribe heads MTN that posted a profit of $15 billion, now you are screaming Yoruba because you have been bursted.

42 Likes 2 Shares

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by kettykings: 10:19pm On Jan 03
deomelo:




Village economist, there's a clear difference between gross revenue and profit.


Your thread no get head or tail sef, it's the usual meaningless, illogical and upside down ipob rubbish.

Do states make profit, the only way you can compare states and companies is by their revenue and not profits because states dont make profits .

10 Likes

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by EternalTruths: 10:22pm On Jan 03
kettykings:


i think this absence of R and D is one of the reasons Nigerian Companies dont last long after the owner passes on even if there is a good succession plan in place. if the youwin concept is implemented in some of the willing states in the East , Startups which will not only beat the states in revenue generation can be birthed , startups that can solve energy crises , provide solutions of secuirity issues and food processing startups

Unfortunately, we have to achieve it without government apparatus since we don't have control over the instrumentations of the FG like in the days of Jonathan to implement it.

We have to establish a successful Igbo R & D company to help bring to reality the technological ideas of our people and globalized their products.


God will help us as we remind him in prayers everyday.

I have confident that God will help us out.


Already, I am working towards a technology that if successful, will get our people out of poverty forever.

3 Likes 1 Share

Re: 5 Nigerian Companies Bigger And Richer Than Lagos and Ogun State by tigerclaws: 10:29pm On Jan 03
omenkaLives:
Myndd, I'm sorry, but can you explain why my comment was hidden?

What the hell is going on here?

How does "another one from IPOB Bureau dé Statistics" with an accompanying picture of IPOB Bureau of Statistics violate any rules?

How many comments openly violating rule here from the children of hate and anger have been hidden today?

This isn't right.

Stop crying because of ordinary comments
grow up dude

5 Likes

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