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Nairaland Forum / Nairaland / General / Business / Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? (32284 Views)
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Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by kponkedenge(m): 10:20pm On Jul 16, 2021 |
The truth is that Dangote has enjoyed too much government help.... I doubt he would still be doing so well if not for that. 2 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Rahkman: 10:20pm On Jul 16, 2021 |
Make obi cubana and him friends come build refinery now him think say na by club? 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by davodyguy: 10:21pm On Jul 16, 2021 |
Nigerian government would not allow this project go down 2 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Yankee101: 10:21pm On Jul 16, 2021 |
Dangote, Rabiu, Otedola, Adenuga all na scam They corrupt govt officials with bribes and change state policy to suit them exclusively 3 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by MEGAWATCH: 10:21pm On Jul 16, 2021 |
post=103784962: I'm certain you did not read the article. 4 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Alamkir: 10:21pm On Jul 16, 2021 |
mbahdi:U just described a typical business man. |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by davodyguy: 10:22pm On Jul 16, 2021 |
Rahkman:His money would be like coins when you try to use what he has to fund this multi billion dollars project 3 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Sheuns(m): 10:22pm On Jul 16, 2021 |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by davodyguy: 10:23pm On Jul 16, 2021 |
kponkedenge:Instead of this project to go down, Nigerian government would rather take it over and buy the debt. Dangote belongs to All Government in power |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by 9jaRealist: 10:24pm On Jul 16, 2021 |
jerrybone: How is it humanly possible to cram so much IGNORANCE into one article? Mr. Bako must be the sort of “seasoned economists” that have been in charge of the hapless Nigerian economy. First, the NNPC is planning to take 20% in SIX private refineries, not just Dangote’s… See this Reuters article: https://www.reuters.com/article/nigeria-refinery-equity-idAFL2N2NI1QL’ Nonetheless, as already discussed here on Nairaland, Dangote is NOT HAPPY with the proposed acquisition… See the following thread: https://www.nairaland.com/6626446/mele-kyari-refinery-dangote-not Meanwhile, Dangote Refinery BOUGHT (not gifted) forex from the CBN forex window… At the OFFICIAL rate that it’s sold to ALL companies in the real sector (not to mention for school fees, travel, health tourism, etc.). The obtuse drivel about costing and delays merely amplifies this dude’s cluelessness. No other refinery project elsewhere involves reclaiming land bigger than Victoria Island and building a virtual port, because Apapa cannot handle the equipment for this project. Furthermore, dude seems clueless that Covid disrupted value-chains GLOBALLY (or does he think the equipment is manufactured in Nigeria) and consequently delayed most (if not ALL) large-scale infrastructure projects around the world. Finally, debt to build a refinery would be long-term… Therefore, it is SILLY to peddle beer-parlor rumors about banks already calling in their loans. So many Nigerians love to attack success while celebrating mediocrity and failure… Whether it is due to primordial ethnic sentiments, envy or just darn right IGNORANCE, it’s a succinct self-indictment! > 21 Likes 4 Shares |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Akwamkpuruamu: 10:24pm On Jul 16, 2021 |
mbahdi: So a man can be different from his heart Are you kidney me 2 Likes 1 Share |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by irepnaija4eva(m): 10:25pm On Jul 16, 2021 |
Different between them and them.. |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by descarado: 10:25pm On Jul 16, 2021 |
Politicians and Nigerian govt built that refinery. Dangote isn't an astute business man. We will hear lots of news about that refinery as time goes on. Meanwhile orient refinery in imo is almost complete and nobody heard pim. No hype except releasing statement when necessary. Nobody see the man for asorock. Dangote, singlehandedly made billionaire by Nigerian government. They can unmade him but north always protect their own. A lesson South is yet to learn 4 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Akwamkpuruamu: 10:26pm On Jul 16, 2021 |
MEGAWATCH: Herdsmen killing and bokoharam attacks added with Military killing of unarmed protesters 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Siwisheswereesh: 10:26pm On Jul 16, 2021 |
I just knew it! What a huge mistake!! 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Siwisheswereesh: 10:28pm On Jul 16, 2021 |
davodyguy: Are FG refineries not moribund today 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Uniswap: 10:29pm On Jul 16, 2021 |
Hmm. Dangote started what he can't finish 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Angelawhite(m): 10:29pm On Jul 16, 2021 |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by NairaMaster1(m): 10:29pm On Jul 16, 2021 |
Dangote has been hiding under that stuff to siphon FXto other businesses all over Africa. 1 Like 1 Share |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by davodyguy: 10:30pm On Jul 16, 2021 |
Siwisheswereesh:This is a private project, that may consume the entire Dangote Industry. All his estimated worth in cash and assets can't even finance this project. 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by zoeA: 10:31pm On Jul 16, 2021 |
Seniorwriter:You can be what you seek. Why do men always want to be led? 2 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Angelawhite(m): 10:31pm On Jul 16, 2021 |
MEGAWATCH: You’re right. He just wants to “belong” 2 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by DEROX: 10:31pm On Jul 16, 2021 |
its good its in SW |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Staphylococcus: 10:32pm On Jul 16, 2021 |
sweetkev: Define monopoly please and briefly explain how Dangote happens to be one. Y`all just be shouting monopoly but cant even explain. |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by sulaak(m): 10:32pm On Jul 16, 2021 |
I doubt the Nigerian government can raise $4 billion in loans to invest in an overprice oil refinery. If outside investors are shunning the Dangote refinery project then there must be some serious problems. VALUATION 4 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Darkblood: 10:34pm On Jul 16, 2021 |
Did you read the write up at all post=103784962: 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Siwisheswereesh: 10:34pm On Jul 16, 2021 |
davodyguy: Sure! I am sure if Dangote can go back in time he would never touch the idea of a refinery with a 'one-mile' pole... Now he is stuck!! If Buhari can't save him, is it a southerner that will I just knew something was not right with the many operation resumption postponements. What a bad business risk to take!!! 3 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by Siwisheswereesh: 10:35pm On Jul 16, 2021 |
Darkblood: That one is a hustler... a nuisance cum loooonatic! 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by davodyguy: 10:38pm On Jul 16, 2021 |
Siwisheswereesh:Dangote knows little about Oil and Gas, but his domineering mentality and take it all led him into this. He failed with the Noodles line, wanted to experiment with Arsenal acquisition, now this project is almost dying. He took a big gamble on this one 4 Likes |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by osazsky(m): 10:40pm On Jul 16, 2021 |
Goldenboy224:Even if oduduwa ..niaja delta country leave Nigeria as an ipob I will never allow ipob break from Nigeria so that kannu or president will now borrow 40trillion to buy a diamond cofin to bury his ex wife chidima.umagine wat will become of us.we will just eat each other... 1 Like |
Re: Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout? by mentro: 10:41pm On Jul 16, 2021 |
damosade:From what you saw yesterday, is it possible to complete it next year? 1 Like 1 Share |
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