Solstar:
I love the way you ended it. It is not a spiritual attack, it is a religious attack.

Nigerians spend all their time fasting and praying and forget to get creative, then they run around to find fast money in order to buy imported food, cream, phone and wrist-watches so they dont have to waste time being creative when they should be worshipping God. Now churches run 5 services on Sundays, and a midweek service on wednesdays, not forgetting tarry nights and vigils.

The mohammedans are not left out, they pray a fuccking 5 times a day, and are constantly checking their time to make sure they dont miss a date with Allahu, what remains of their time is spent separating quarrels between their 4 wives, the rest is spent reminding the kids of the need to go to the Alfas and Imams for tutelages.

So, what time do we have to plant tomatoes or engineer apples that can grow on our climate.

We are not poor because we are religious, we are poor as a country because we have found an excuse in God.

Yet money does not grow on trees. Dangote should have known better. He has been making serious business mistakes of late, one of which is building $18B Refinery when electric cars and solar panels are the future. I really question the true source of his wealth. How are his projects financed ? From which sources ? He pays back loans at the speed of light, well, almost. Just to create impression of 'source' ? It could be these politicians just financing him till his retirement and eventual demise. It could just be a ponzi that takes money from early mules and paying the new politicians. I envy the man, I truly do, but if I have access to such money, then I should be able to buy up Nigeria and put everyone on a universal basic income from what I can do with that money.

As it is with the tomato factories, so will it be with the refineries in the next 20 yrs. This is the new world order.

ahiboilandgas:
oga u don't know any thing about dansa ....the tomato factory is a loan from Cbn 30 million dollar to bokir international this 3 companies is owned by sani dangote and it facing serious challenge are bankrupt

Bishopsgate:


Oga Is that all you know and you say you know something? I laugh in Greek. I am talking about the genesis of the so called Dansa itself. They are one and the same. That they are separate legal entities is true but if indeed you know about the brothers you will know that there would never have been any Dansa without Dangote.

If you knew the 2 as far back as 1999 come back and talk to me with historical facts and not today's story you picked off the net

authority2006:


Poor people have suffered. You stole the resources meant for their welfare and that of their children, you still turned 180° and called them DESTROYER OF THE ECONOMY! E no go better for you.

Solstar:


True, but if you are great with relationship management and have the reputation grand enough to dine with politicians and sponsor both sides of the war, and live fugal, then the world will walk into your door steps dropping blank checks in anticipation that you are a worthy surrogate, and if you are truly one, then you know enough to put up Special Purpose Vehicles to keep the wheels running for more private investors.

Some of us went to Business Schools, so we know how the cookies crumble if we must toe that line. I am not against Dangote, I love him as a person, and I am actually excited that he is pulling it off without any challenger.

Who knows I might just get fed off enough to start my own convertible bonds ponzi.

Solstar:


Subsitute $18b in my write up with $14b and keep the remaining as your University thesis. I am not competing with any of you here on this private forum, I am stating the obvious, if you are smart enough to see, Sir.

I am not your enemy, so be nice to me. I am a friend. Dangote does not know business bro, he is just lucky to come from a place where criminals need a safe heaven and a surrogate. That to me, is the luck that has become Dangote and I love him for being smart, but does not mean he is the Business God that you guys have made out of him.

fluentinfor:


Poor man will always rain curses aimlessly. Powerless curses. Seriously, poor man will always suffer and you are right. I only pray you get out of your poverty mentality cos you are already finished. No be me inflict you with a poor mind. Chai! You are doomed bro. How can you get out of poverty? Guy, direct your curses to your papa and mama 5hat brought you into a poor life. Then direct that curse too to yourself 5hat have decided to remain poor.

Solstar:
I love the way you ended it. It is not a spiritual attack, it is a religious attack.

Nigerians spend all their time fasting and praying and forget to get creative, then they run around to find fast money in order to buy imported food, cream, phone and wrist-watches so they dont have to waste time being creative when they should be worshipping God. Now churches run 5 services on Sundays, and a midweek service on wednesdays, not forgetting tarry nights and vigils.

The mohammedans are not left out, they pray a fuccking 5 times a day, and are constantly checking their time to make sure they dont miss a date with Allahu, what remains of their time is spent separating quarrels between their 4 wives, the rest is spent reminding the kids of the need to go to the Alfas and Imams for tutelages.

Solstar:
So, what time do we have to plant tomatoes or engineer apples that can grow on our climate.
We are not poor because we are religious, we are poor as a country because we have found an excuse in God

ahiboilandgas:
know from 1987 when liberty bank was founded in Koki kano ....u know notting

Bishopsgate:


Haha.

In what capacity did you know them? Hearsay, pages of newspapers or TV and radio?

I worked at the head office at big leaf house on Bishop Oluwole in Victoria island.

You were silent on why both companies had the same logos until lately. Coincidence?

Afam4eva:
Did he not do a feasibility study before venturing into a business with limited raw material?

As much as i respect Aliko Dangote, i think he's overrated as a business man because i can count how many businesses that he has failed at even as Nigeria's business man.

ahiboilandgas:
as a relative

Bishopsgate:


How convenient... lol

At least we can't validate that....

ahiboilandgas:
no need to is it a trophy but don't post falsehood or thing u don't clearly know ...sani dangote was even the main industrialist with continental cement after alh usman amaka dantata ,majority of the brains in dangote group are sani staff in continental cement with late bello dangote main guy in dangote textile kano ...dangote textile,dansa juice dangote tomato kadawa kano ,bokir gas ,mowa water and ziza milk all 100 percent owned and run aground by sani dangote don't post falsehood u know notting

Bishopsgate:


Bros you just proved my point.

Why are they sharing staff if they are not in sync. Even in your listing you listed both dangote industries and Dansa interchangeably as being run by Sanil Gote.

They are one and the same, regardless of the legal separation of entities.

Ugosample:



Ibeto was not a serious person

Dangote was a "producer" of cement, Ibeto was an importer, so Obasanjo made law to discourage importation so that the local producer (Dangote) can make headway

No country in this world supports importers over producers


But trust my people, they will say its because Ibeto is Igbo or dangote is close to the govt


If Ibeto is that good, why not lobby the govt to give him a soft landing, so that he can make a switch from importation to production?

That said, Ibeto is now into production sha, but it's too little too late.

PrecisionFx:




""Dangote was a "producer" of cement""

I didn't read beyond where u posted this.

This is an industry u are not a part of and u were never a part of in the past so u have a zero knowledge or understanding.

Read my lips ""AS WE SPEAK, DANGOTE STILL IMPORTS CEMENT IN NIGERIA JUST LIKE PORTLAND, BUA, UNICERN IBETO, ELEPHANT, ETC"".

I have nothing else to tell a teenager.

MIKOLOWISKA:
so you prefer business with stiff competition?

Ugosample:


I am NOT a teenager tho.


Dangote have cement plants in Nigeria, and infact, the mines in Edo state is currently in contention between Dangote and BUA


Even the overrated Ibeto has keyed into local production of cement, (I can't remember the name again sef)





There are cement plants across the country owned by Dangote, BUA, etc.
Heck, this man even has a cement plant in Zambia and a few other places.


Dangote lobbied better, and made the shift from 100 % importation to running cement plants in Nigeria. Ibeto didn't, and he got his legs broken

That's business

PrecisionFx:



Just stop fooooling urself, Nothing is manufactured in Nigeria. Even satchet water bag is imported from other countries. We only import finished products, Or we import raw materials/already made parts n then assemble in Nigeria.



Over 90% of cement sold in Nigeria are imported, in most cases they import the finished product n bag it within the country.

Cement produced abroad in Asia is far cheaper than the ones produced in Nigeria. As long as ur producing cement in Nigeria, U can't compete with the importers because the cost of production in Nigeria is extremely high.

Almost ALL of the cement sold into Nigeria are imported, Including Dangote

Ugosample:


Oh lawd

Dangote is producing cement and has been doing that for a long time now

His cement plants are scattered across Kogi, Edo, even Ogun state.

And he is not the only one.
Even the sack is made in Nigeria, so what are you saying

mfm04622:


Go and check your date very well. Dangote STARTED building the factory during PDP's era. So if it is lies that led to him doing that, it was PDP lies

Chukazu:



He started the factory under Jonathan because he saw prospects but Buhari came and destroyed the economy

PrecisionFx:



Dangote imports cement, Simple.

U won't get such information from his fake plants, Rather u will get it in the nations Wharfs.

Solstar:
I love the way you ended it. It is not a spiritual attack, it is a religious attack.

Nigerians spend all their time fasting and praying and forget to get creative, then they run around to find fast money in order to buy imported food, cream, phone and wrist-watches so they dont have to waste time being creative when they should be worshipping God. Now churches run 5 services on Sundays, and a midweek service on wednesdays, not forgetting tarry nights and vigils.

The mohammedans are not left out, they pray a fuccking 5 times a day, and are constantly checking their time to make sure they dont miss a date with Allahu, what remains of their time is spent separating quarrels between their 4 wives, the rest is spent reminding the kids of the need to go to the Alfas and Imams for tutelages.

So, what time do we have to plant tomatoes or engineer apples that can grow on our climate.

We are not poor because we are religious, we are poor as a country because we have found an excuse in God.

Yet money does not grow on trees. Dangote should have known better. He has been making serious business mistakes of late, one of which is building $18B Refinery when electric cars and solar panels are the future. I really question the true source of his wealth. How are his projects financed ? From which sources ? He pays back loans at the speed of light, well, almost. Just to create impression of 'source' ? It could be these politicians just financing him till his retirement and eventual demise. It could just be a ponzi that takes money from early mules and paying the new politicians. I envy the man, I truly do, but if I have access to such money, then I should be able to buy up Nigeria and put everyone on a universal basic income from what I can do with that money.

As it is with the tomato factories, so will it be with the refineries in the next 20 yrs. This is the new world order.

Solstar:

Yet money does not grow on trees. Dangote should have known better. He has been making serious business mistakes of late, one of which is building $18B Refinery when electric cars and solar panels are the future. I really question the true source of his wealth. How are his projects financed ? From which sources ? He pays back loans at the speed of light, well, almost. Just to create impression of 'source' ? It could be these politicians just financing him till his retirement and eventual demise. It could just be a ponzi that takes money from early mules and paying the new politicians. I envy the man, I truly do, but if I have access to such money, then I should be able to buy up Nigeria and put everyone on a universal basic income from what I can do with that money.

Solstar:


I really have limited time to continue on these back and forth. But let me state that investing $14b to $18b in a refinery that is not near the wells in a country that has double digits inflation, double digits interest rate and an approval for Modular Refineries is not the best idea. How will he deliver the feed ? Piping ? (capital intensive, exposure to vandalism, expense on pipeline survellance), Trucking (bad idea), Rail transport (capital intensive).




Modular refiners site their plants at the epicenters of the oil and Independent marketers drive in, load products and move to destination, this is a better business module.

I dont know about you guys but there are better things to invest $14b to $18b into and get better RoIs. In fact, I think he is targeting other African countries with the investment, cos it is easier to ship the products abroad but he didnt evaluate the permanent cost associated with delivery of the feed from wells to his plant.

CoolFreeday:
if this is true, then I'm going to add tomato to list of what to farm.


I dont know why Nigerians don't like farming though its very lucrative