http://www.nationmaster.com/country-info/stats/Transport/Road/Motor-vehicles-per-1000-people
Car ownership per capita
Nigeria 31
Kenya 24.
It's pointless putting this here but the Kenyans brought it up.

theenchanter:
I only want to reply cos of the bolded n I hope u won't be abusive.

Why is it that Ghana has lower GDP per capita than Vietnam but have a bigger number of vehicles/1000p than Vietnam??

Why is it that moldova has a lower GDP per capita than Nicaragua but have more than double vehicles/1000p of Nicaragua??

You can't teach this Indian colony people anything. Jealousy has blinded them. They go so low as to measure dick with Tanzania. For you to know what I mean; two of them have posted a chart here which says Mexico is poorer than Eritrea and South Sudan. All to prove a point. That's how desperate and envious they can be. They prefer to appear stupid if it will serve their purpose.

NairobiWalker:


1. Kenya's GDP was $70 billion in 2016. We are in 2018 buddy. Move with time.

2. If Lagos contributes 20% of Nigeria's GDP, then its GDP is not $136 billion as y'all have been claiming here all through but a mere $51 billion - making it just slightly bigger than Nairobi's yet with 4 times Nairobi's population. This then means all the noise you guys have been making about Lagos' GDP being bigger than Kenya is bull.shit. The bad thing about lying is the liar forgets what and how he lied and ends up contradicting himself.

3. If you can't understand the simple fact that Lagos has benefitted enormously from oil then I have nothing more to tell you.

4. Saying Lagos' GDP is 20% of Nigeria's GDP and Lagos' GDP is bigger than Kenya's in the same post confirms 3 things about you.

i) You have poor Mathematical knowledge
ii) You're a liar.
iii) You're stupid.

5. Saying it's the federal revenue that's dependent on oil and not the GDP confirms five things about you.
i) YOU'RE STUPID.
ii) YOU'RE STUPID.
iii) YOU'RE STUPID.
iv) YOU'RE STUPID.
v) YOU'RE STUPID.

Do not believe the statistic that come out of nigeria. A lot of this statistic it is 1 person in 1 room writing them down like this statistic for farmers a good example is when they say peoples who go and register as farmers the whole country goes and register. When they say people should go and register as tech startup the whole country goes to register. When they say the people to go and register as sme the whole country goose and register. A lot of these statistics are not correct there is no way off verify the people which are registering they just give them farmers card sme card tech startup card business promotion card importation and export card all 180 million people. That is why if you look at lagos it looks like one of the most shameful cities in africa with very little planning.

obaaderemi:
http://www.nationmaster.com/country-info/stats/Transport/Road/Motor-vehicles-per-1000-people
Car ownership per capita
Nigeria 31
Kenya 24.
It's pointless putting this here but the Kenyans brought it up.

As ever! You've lied, and you've been busted!

Nigeria 31 2014

Kenya 24 2014

Genius,what does that 2014 mean? Your stats are 4 years old,goddammit! Mine are latest!

Vehicles / 1,000 people [+] 2015 29.25 chart 20.70 2015 Vehicles / 1,000 people [+]
Tax
https://countryeconomy.com/countries/compare/kenya/nigeria

We're 50% ahead of you in cars per 1000 people for now. Btw,in these old 2007 figures you're also ahead,

Nigeria 31

Kenya 23

[urlhttp://energybc.ca/cache/globalconsumereconomy/data.worldbank.org/indicator/IS.VEH.NVEH.html][/url]

I know you're thrilled but that metric is now over 10 years old and now its not even close despite whatever Dangote has in his garage!

Their data is doggy as always - in 3yrs of 2013-2015 - they claim to have registered more than half the cars (5m) - out of 10.5M.

kikuyu1:


As ever! You've lied, and you've been busted!



Genius,what does that 2014 mean? Your stats are 4 years old,goddammit! Mine are latest!

Vehicles / 1,000 people [+] 2015 29.25 chart 20.70 2015 Vehicles / 1,000 people [+]
Tax
https://countryeconomy.com/countries/compare/kenya/nigeria

We're 50% ahead of you in cars per 1000 people for now. Btw,in these old 2007 figures you're also ahead,


[urlhttp://energybc.ca/cache/globalconsumereconomy/data.worldbank.org/indicator/IS.VEH.NVEH.html][/url]

I know you're thrilled but that metric is now over 10 years old and now its not even close despite whatever Dangote has in his garage!

This is why I say a lot of we nigerians are illiterates the person which has destroyed them destroyed their future destroyed our country is who we like because we are illiterates we do not know right from wrong. see Africa's richest man and what he did to nigeria to become rich nigerians like him. Stupidity of the highest order wait we nigeria.

How did Aliko Dangote actually make his fortune.

Aliko Dangote is just like all the rich Nigerians who have gone before him. His case and those of other Nigerians, including the late MKO Abiola is like “ kill a man and be labelled a murderer, but kill in thousands and become a conqueror”.

Corruption is identified by its beginning but the profit becomes legitimate at a point that no one dares to ask of the beginning again.

Aliko’s uncle supposedly gave a young graduate from one of the Islamic University in Cairo a starting capital. But was that it? I say an emphatic No! Aliko Dangote can not be ranked among the brightest five thousand Nigerians. He was not even a second class student at school.

But when you consider his origin and the type of politics-cum-business policies of the Military era, you do not need to wonder how Aliko’s “brilliance in business” earns him the title of the richest man in Africa.

Sole licensed importer of Sugar for over two decades; sole licensed importer of Cement for the building industries for decades; sole licensed importer of salt for another decade and similar other government -sanctioned monopoly in business, Aliko’s wealth is a classic illustration of how government patronage can influence wealth creation.

And having enjoyed such monopolies for several decades, (with an added Islamic endorsement by the Northern oligarchy), the rest is “brilliance and hard work” through setting up of industries all over the country to capitalise on the acquired wealth.

But the man is wise enough to always respond in cash to his constituencies. He gives back to any government in power and he is one of the biggest, but silent givers towards the Islamization of Nigeria.

Just like the late Chief MKO Abiola, he is wise enough NOT to bite the fingers that raise him up.

https://www.quora.com/How-did-Aliko-Dangote-actually-make-his-fortune

This is nigeria hero shame on us.

[quote author=obaaderemi post=67673781]Idiot what's the name of Kenya's car company?[/quote

Very many of them General Motors ltd,Toyota East Africa,Nissan motors just to mention but a few.
To add onto that,mobius brand vehicle is a Kenyan indigene made as on the other side you lazy Nigerians brag with your innoson.
The rest of the information on Kenya's automobile industry you can feed them from the Google because your empty lazy brain will direct you to do so..

sufferNsmiling:
This is why I say a lot of we nigerians are illiterates the person which has destroyed them destroyed their future destroyed our country is who we like because we are illiterates we do not know right from wrong. see Africa's richest man and what he did to nigeria to become rich nigerians like him. Stupidity of the highest order wait we nigeria.

How did Aliko Dangote actually make his fortune.

Aliko Dangote is just like all the rich Nigerians who have gone before him. His case and those of other Nigerians, including the late MKO Abiola is like “ kill a man and be labelled a murderer, but kill in thousands and become a conqueror”.

Corruption is identified by its beginning but the profit becomes legitimate at a point that no one dares to ask of the beginning again.

Aliko’s uncle supposedly gave a young graduate from one of the Islamic University in Cairo a starting capital. But was that it? I say an emphatic No! Aliko Dangote can not be ranked among the brightest five thousand Nigerians. He was not even a second class student at school.

But when you consider his origin and the type of politics-cum-business policies of the Military era, you do not need to wonder how Aliko’s “brilliance in business” earns him the title of the richest man in Africa.

Sole licensed importer of Sugar for over two decades; sole licensed importer of Cement for the building industries for decades; sole licensed importer of salt for another decade and similar other government -sanctioned monopoly in business, Aliko’s wealth is a classic illustration of how government patronage can influence wealth creation.

And having enjoyed such monopolies for several decades, (with an added Islamic endorsement by the Northern oligarchy), the rest is “brilliance and hard work” through setting up of industries all over the country to capitalise on the acquired wealth.

But the man is wise enough to always respond in cash to his constituencies. He gives back to any government in power and he is one of the biggest, but silent givers towards the Islamization of Nigeria.

Just like the late Chief MKO Abiola, he is wise enough NOT to bite the fingers that raise him up.

https://www.quora.com/How-did-Aliko-Dangote-actually-make-his-fortune

This is nigeria hero shame on us.

Again beer parlour talk, give me evidence to verify your claims that he was the sole importer of salt, sugar and cement at anytime, and whatever you say please don't mention lbeto.
l need facts and not forums else l would also post forums and blogs for you as my fact.
Either you have your facts or you admit you just repeat everything people say.

rvp20182:
Their data is doggy as always - in 3yrs of 2013-2015 - they claim to have registered more than half the cars (5m) - out of 10.5M.

I've just been looking at those stats on that link and AIYAYAAYYA!! DANGOTELAND HAS JOKES! I can't printscreen but Expenditure per capita, health,education and defence despite BH is twice!

Annual GDP [+]
2016 70,527M.$ 405,442M.$ 2016 Annual GDP [+]

GDP per capita [+]
2016 1,455$ 2,180$ 2016 GDP per capita [+]

Debt [+]
2016 37,717 79,542 2016 Debt [+]

Debt (%GDP) [+]
2016 53.47% 19.61% 2016 Debt (%GDP) [+]

Debt Per Capita [+]
2016 778$ 428$ 2016 Debt Per Capita [+]

Deficit (M.$) [+]
2016 -5,862 -15,942 2016 Deficit (M.$) [+]

Deficit (%GDP) [+]
2016 -8.31% -3.93% 2016 Deficit (%GDP) [+]

Expenditure (M.$) [+]
2016 19,155.0 38,452.9 2016 Expenditure (M.$) [+]

Education Expenditure (M.$) [+]
2015 3,375.0 851.1 1975 Education Expenditure (M.$) [+]

Education Expenditure (%Bud.) [+]
2015 16.47%
Gov. Health Exp. (%Bud.) [+]
2014 12.80% 8.17% 2014 Gov. Health Exp. (%Bud.) [+]

Defence Expenditure (M.$) [+]
2016 932.8 1,755.4 2016 Defence Expenditure (M.$) [+]

Defence Expenditure (%Bud.) [+]
2016 5.62% 9.33% 2013 Defence Expenditure (%Bud.) [+]

Expenditure (%GDP) [+]
2016 27.15% 9.48% 2016 Expenditure (%GDP) [+]

Expenditure Per Capita [+]
2016 395$ 207$ 2016 Expenditure Per Capita [+]

Education Expenditure P.C [+]
2015 71$ 13$ 1975 Education Expenditure P.C [+]

Gov. Health Exp. P.C. [+]
2014 47$ 30$ 2014 Gov. Health Exp. P.C. [+]

Defence Expenditure P.C. [+]
2016 19$ 9$ 2016 Defence Expenditure P.C. [+]

Innovation Ranking [+]
2017 80º 119º 2017 Innovation Ranking [+]

Labour
7.2% 2016Q4 Unemployment rate [+]

5,821 m. 2016Q4 Unemployed [+]

NMW [+]
2012 158.4 $ 115.9 $ 2013 NMW [+]

Human Capital Ranking [+]
2016 102º 127º 2016 Human Capital Ranking [+]

Markets
Euro / Kenyan shilling [+]
05/18/2018 118.4967 360.4962 05/17/2018 Euro / Nairas [+]

US Dollar exchange rate [+]
05/18/2018 100.4244 305.3500 05/17/2018 US Dollar exchange rate [+]

Prices
CPI (overall index) [+]
March 2018 4.2% 12.5% April 2018 CPI (overall index) [+]

Money Market
Key rates [+]
03/19/2018 9.50% 14.00% 07/01/2016 Key rates [+]

Business
Doing Business [+]
2018 80º 145º 2018 Doing Business [+]

Vehicles / 1,000 people [+]
2015 29.25 20.70 2015 Vehicles / 1,000 people [+]

HDI [+]
2015 0.555 0.527 2015 HDI [+]

Global Peace Ranking [+]
2017 125º 149º 2017 Global Peace Ranking [+]

Gender Gap Ranking [+]
2016 63º 118º 2016 Gender Gap Ranking [+]

86º 2015 Ranking [+]

Birth Rate [+]
2016 31.31‰ 38.89‰ 2016 Birth Rate [+]

Fertility Rate [+]
2016 3.85 5.53 2016 Fertility Rate [+]

Crude death rate [+]
2016 5.73‰ 12.46‰ 2016 Crude death rate [+]

Life expectancy [+]
2016 67.03 53.43 2016 Life expectancy [+]

Number of homicides [+]
2015 2,648 17,843 2015 Number of homicides [+]

Rate Homicides per 100.000 [+]
2015 5.75 9.79 2015 Rate Homicides per 100.000 [+]


In a way its good they don't understand THE IMPLICATIONS OF THESE FIGURES-if they did they'd SURELY WEEP.

Early in 2000, just a year after Nigeria transited to civilian rule, Dangote and his team had an inspirational visit to Brazil to study the emerging manufacturing sector in the country. Then, Dangote was mainly involved in trading, basically importing goods into the country to sell. But the trip to Brazil changed his perspective and he made a strategic decision to transit from a trading based business into a fully-fledged manufacturing operation. He realized that in a country like Nigeria where imports constitute the vast majority of consumed goods, a clear gap existed for a manufacturing operation that could meet the ‘basic needs’ of a vast and fast growing population.

He saw a huge potential in goods that could meet the daily needs of the average Nigerian. So he embarked on an ambitious construction programme, initially focused on the construction of flourmills, a sugar refinery and a pasta factory.

However, during the privatisation programme of the Federal Government in 2000, Dangote, seeing the potential in local manufacturing of cement in the country, successfully acquired the Federal Government shares in the then struggling Benue Cement Company (BCC) and began the construction of the Obajana cement plant which was commissioned in 2003. It is now the single largest cement plant in the world.

Dangote Cement has grown into a fully integrated cement company with operations in in Nigeria and 10 African countries with a combined capacity of 45.8 million metric tonnes and employing directly 16,272 employees and several more indirectly.

Dangote Cement’s current total production capacity in Nigeria from its three existing cement plants namely Obajana (13.3MMTPA), Ibese (12 MMTPA) and Gboko (4.0MMTPA) is 29.3MMTPA.

The Obajana Cement Plant (OCP) located in Kogi State is reputed to be the single largest cement plant in the world with a combined capacity of 13.3MMTPA.

Nigeria is now not only self-sufficient in Cement production but is also exporting to neighbouring West African countries of Niger, Togo and Ghana. A visit to the Seme border, and you will see Dangote Cement trucks carrying bags of cement across the border to Ghana.

Cement Manufacturers Association of Nigeria estimate that between 2003 and 2009, a six-year period, over US$8 billion was invested in local cement manufacturing as a result of the backward integration policy of the Federal Government. A good chunk of these investments was made by Dangote to expand production from zero in 2000 to 20 million metric tonnes by 2009. Nigeria became self-sufficient in cement production in 2012 and now has excess capacity.

Dangote is now listed on the Nigerian Stock Exchange (NSE), as the single largest firm controlling about 25 percent of market value at the point of listing.

In a recent article published by qz.com on 11 October, Dangote was wrongly alleged to have grown its cement empire through a cozy relationship with the government. The background on the backward integration policy of the Obasanjo administration has been given to understand the rational for the government’s initiative, which seem to have been lost on the writer of the qz article.

[b]Dangote has been able to build a cement empire, not on government funds or patronage but with private capital including personal funds, a heavy dose of debts and reinvestment of profits from his businesses taking advantage of a deliberate government policy that was not offered exclusively to him but to all businesses operating in the country. All over the world, that is how businesses are built.

Did Dangote enjoy any special favour while building his businesses? None that was not extended to any other business in the country. Obasanjo’s policy on backward integration was applicable to every Nigerian willing to take the risk of investing in a country notorious for policy reversals. Dangote took the plunge, believing that this is a risk worth taking and it has paid off not just for his business but also for the country. Perhaps, without making those significant investments, the country would be spending billions of scarce dollars on importation of bagged cement like it does importing PMS despite the abundance crude oil in the country.[/b]

Is Dangote making excessive profits in the cement business at the expense of Nigerians?

The article alleges that Dangote’s profit margins are well above industry average. This is largely true. But what the writer fails to take into consideration is the efficiency levels of Dangote Cement plants compared to that of other plants. Any expert in the cement manufacturing industry will tell you that the average age of a plant has significant impact on its efficiency. Also because the plants are more modern, they are also more expensive.

Most of Dangote’s plants are relatively new and so their efficiency levels give the company an advantage in terms of cost of production, which translates into higher than average margins. However, as anyone will tell you, this advantage reduces with time as the plants get older and as other companies also acquire more efficient plants and also the cost of acquisition gets depreciated over time. So it is not surprising that the EBITDA margins of Dangote Cement has dropped from a high of over 70 percent to 41.3 percent as at 2016 financial year.

NairobiWalker:


1. Kenya's GDP was $70 billion in 2016. We are in 2018 buddy. Move with time.

2. If Lagos contributes 20% of Nigeria's GDP, then its GDP is not $136 billion as y'all have been claiming here all through but a mere $51 billion - making it just slightly bigger than Nairobi's yet with 4 times Nairobi's population. This then means all the noise you guys have been making about Lagos' GDP being bigger than Kenya is bull.shit. The bad thing about lying is the liar forgets what and how he lied and ends up contradicting himself.

3. If you can't understand the simple fact that Lagos has benefitted enormously from oil then I have nothing more to tell you.

4. Saying Lagos' GDP is 20% of Nigeria's GDP and Lagos' GDP is bigger than Kenya's in the same post confirms 3 things about you.

i) You have poor Mathematical knowledge
ii) You're a liar.
iii) You're stupid.

5. Saying it's the federal revenue that's dependent on oil and not the GDP confirms five things about you.
i) YOU'RE STUPID.
ii) YOU'RE STUPID.
iii) YOU'RE STUPID.
iv) YOU'RE STUPID.
v) YOU'RE STUPID.

I can see the effort you took to channel your frustration to quote me that's some huge amount of frustration

But then the writer also forgets that higher profit margins is also factor of internal cost control measures. Dangote has been aggressive in reducing its cost of production adopting cheaper and more efficient power sources, the biggest cost in cement production.

In the banking industry, a look at the financial performance of Nigerian banks will show that cost to income ratio for GTBank is at a low of about 36.3 percent as at third quarter 2017 compared to 60 percent for some other banks operating in the same industry. Does it mean that GTBank is being given an unfair advantage in banking by the government?

Are Nigerians paying excessive prices for cement? Could we say Americans are paying excessive prices for a bottle of water? A comparative analysis of the cost of 1.5 litre of bottled water shows that while it cost an average of US$1.75 in the US, the same water would cost 83 cents or less in Nigeria. What determines price in a particular location are a combination of several factors including; demand elasticity, cost of production, risk of operations and investment, among other factors. The significant housing deficits in the country coupled with low availability of alternative building materials are factors that could easily influence demand for cement and consequently prices.

The writer quotes that the average price of a 50 kg bag of cement in Africa is US$9.57 compared to US$3.25 globally. The writer is using averages which can be deceptive since housing deficits and mode of building defer widely from country to country which affects the price of cement. For example, wood as a building material in the US is popular but that cannot be said of Nigeria. Also the housing deficit in the US is not as acute as it is in Nigeria. So the price of cement in the US and that of Nigeria cannot be compared. Current average price of a bag of Cement in Nigeria is about US$7.4 (using a I & E rate of N366 to the US$), which is even below the African average. Current price of a bag of cement comes to an average of US$100 per metric tonne which is still one of the cheapest in Africa.

Besides in a market where Dangote is the dominant player, has the writer wondered while any of the challenger cement brands have not sought to challenge that market dominance by crashing prices? Less dominant players should be the ones crashing prices to take away Dangote’s market share but that they are not significantly crashing prices is a reflection of the Nigerian market conditions and not any deliberate effort by Dangote to keep prices high in a market where he is not a monopoly.

Does Dangote have an exclusive license for limestone? Whether it is Limestone or Granite or Gold or Gemstones or Coal or Oil, all mining licenses are exclusive to the licence holder. Other cement manufacturers in Nigeria also have exclusive mining licences to the limestone, which they use for their manufacturing. So it is a normal business practice in the mining industry. The oil companies have exclusive mining licences to their oil wells just as those who discover gold, are given exclusive licenses to their find. If Dangote had exclusive license to all the limestone deposits in the country, then there would be no competitors in cement manufacturing in the country but that is not the case.

Taxes

The writer goes on the make a weighty allegation that Dangote Cement does not pay taxes in the country because of its clever use of the pioneer status scheme. First of all, it must be noted that the pioneer status scheme was not created because of Dangote. It has been in existence for 50 years, well before Dangote started cement manufacturing locally. However, it is absolutely wrong to say that Dangote has only paid N12 billion in taxes from 2010 to 2015, without quoting the source of such information.

It is wrong to assume that because a company enjoys pioneer status, it pays no other tax. Or that because Dangote Cement enjoys pioneer status, other Dangote businesses are not taxed. Besides Corporate Income Tax (CIT), which qualifies for pioneer status, there other taxes like withholding tax, and value added tax generated by Dangote Cement.

Dangote Sugar Refinery in the 10 years between 2006 and 2016 has paid N215 billion in corporate income taxes, value added taxes and withholding tax which is more than twice the N93 billion dividend paid for the period. This can be verified from the company’s annual reports.

Dangote Cement paid N1.13 billion in income tax in 2016. New investments in new assets for the same year stood at N136 billion of which N62.9 billion was spent in Nigeria. Dangote’s businesses are not only generating taxes but are also generating jobs that are leading to income taxes being paid to the government.

It is also surprising that the writer accuses Dangote of being a monopoly in the cement business in Nigeria. That is far from the being the case. There is no doubt that Dangote is a dominant player achieved by the share size of the investments it has made in the last few years and not because there were barriers to entry for other players. Dangote’s competitors include both local and global players, one of whom, Lafarge Africa, owned by LafargeHolcim, the largest company in the world, which has the capacity to match Dangote’s investment in the Cement sector if it chooses to. Dangote’s edge in the market is purely through aggressive marketing and quality of its cement in the market. A little study by the author will also reveal that the Nigerian cement market also has niche players in different states and regions. So while Dangote dominates a particular region, other cement players have their dominance in other regions of the market.

Interestingly, the write accuses Dangote of employing just 16,272 people. It may interest writer to know that the whole oil sector employs less number of people while the banking sector employs just about 50,000. In the light of the Nigerian situation, Dangote is perhaps the single biggest employer of labour in the country currently. This is besides the indirect jobs created across the country. Distributors of Dangote Cement are all over the country. At every point a house is being built, a minimum of five jobs are created based on product manufactured locally and not imported. The impact of this is significant for the overall economy.

You can read more of this refutation of the common beer parlour talk and the complete refutation on...

the cablenigeria....ln defence of Aliko Dangote

Daejoyoung:
Early in 2000, just a year after Nigeria transited to civilian rule, Dangote and his team had an inspirational visit to Brazil to study the emerging manufacturing sector in the country. Then, Dangote was mainly involved in trading, basically importing goods into the country to sell. But the trip to Brazil changed his perspective and he made a strategic decision to transit from a trading based business into a fully-fledged manufacturing operation. He realized that in a country like Nigeria where imports constitute the vast majority of consumed goods, a clear gap existed for a manufacturing operation that could meet the ‘basic needs’ of a vast and fast growing population.

He saw a huge potential in goods that could meet the daily needs of the average Nigerian. So he embarked on an ambitious construction programme, initially focused on the construction of flourmills, a sugar refinery and a pasta factory.

However, during the privatisation programme of the Federal Government in 2000, Dangote, seeing the potential in local manufacturing of cement in the country, successfully acquired the Federal Government shares in the then struggling Benue Cement Company (BCC) and began the construction of the Obajana cement plant which was commissioned in 2003. It is now the single largest cement plant in the world.

Dangote Cement has grown into a fully integrated cement company with operations in in Nigeria and 10 African countries with a combined capacity of 45.8 million metric tonnes and employing directly 16,272 employees and several more indirectly.

Dangote Cement’s current total production capacity in Nigeria from its three existing cement plants namely Obajana (13.3MMTPA), Ibese (12 MMTPA) and Gboko (4.0MMTPA) is 29.3MMTPA.

The Obajana Cement Plant (OCP) located in Kogi State is reputed to be the single largest cement plant in the world with a combined capacity of 13.3MMTPA.

Nigeria is now not only self-sufficient in Cement production but is also exporting to neighbouring West African countries of Niger, Togo and Ghana. A visit to the Seme border, and you will see Dangote Cement trucks carrying bags of cement across the border to Ghana.

Cement Manufacturers Association of Nigeria estimate that between 2003 and 2009, a six-year period, over US$8 billion was invested in local cement manufacturing as a result of the backward integration policy of the Federal Government. A good chunk of these investments was made by Dangote to expand production from zero in 2000 to 20 million metric tonnes by 2009. Nigeria became self-sufficient in cement production in 2012 and now has excess capacity.

Dangote is now listed on the Nigerian Stock Exchange (NSE), as the single largest firm controlling about 25 percent of market value at the point of listing.

In a recent article published by qz.com on 11 October, Dangote was wrongly alleged to have grown its cement empire through a cozy relationship with the government. The background on the backward integration policy of the Obasanjo administration has been given to understand the rational for the government’s initiative, which seem to have been lost on the writer of the qz article.

Dangote has been able to build a cement empire, not on government funds or patronage but with private capital including personal funds, a heavy dose of debts and reinvestment of profits from his businesses taking advantage of a deliberate government policy that was not offered exclusively to him but to all businesses operating in the country. All over the world, that is how businesses are built.

[b]Did Dangote enjoy any special favour while building his businesses? None that was not extended to any other business in the country. Obasanjo’s policy on backward integration was applicable to every Nigerian willing to take the risk of investing in a country notorious for policy reversals. Dangote took the plunge, believing that this is a risk worth taking and it has paid off not just for his business but also for the country. Perhaps, without making those significant investments, the country would be spending billions of scarce dollars on importation of bagged cement like it does importing PMS despite the abundance crude oil in the country.

Is Dangote making excessive profits in the cement business at the expense of Nigerians?

The article alleges that Dangote’s profit margins are well above industry average. This is largely true. But what the writer fails to take into consideration is the efficiency levels of Dangote Cement plants compared to that of other plants. Any expert in the cement manufacturing industry will tell you that the average age of a plant has significant impact on its efficiency. Also because the plants are more modern, they are also more expensive.

Most of Dangote’s plants are relatively new and so their efficiency levels give the company an advantage in terms of cost of production, which translates into higher than average margins. However, as anyone will tell you, this advantage reduces with time as the plants get older and as other companies also acquire more efficient plants and also the cost of acquisition gets depreciated over time. So it is not surprising that the EBITDA margins of Dangote Cement has dropped from a high of over 70 percent to 41.3 percent as at 2016 financial year.[/b]

I don't get all this hate on Dangote... The man is just a smart businessman,who like most businessmen built his wealth by thinking smart.. He started the first indigenous cement manufacturing plant in Nigeria and thus saving the country billion of dollars annually in cement importation and creating thousand of jobs..If he hadn't started cement manufacturing, imagine how much Nigeria will be spending on importing cement now.. The man has even stepped up his game by building the largest refinery in the world.. its quite shameful that the same set of people who benefit from Dangote contribution to our economy are among those who criticize him..

Daejoyoung:

Again beer parlour talk, give me evidence to verify your claims that he was the sole importer of salt, sugar and cement at anytime, and whatever you say please don't mention lbeto.
l need facts and not forums else l would also post forums and blogs for you as my fact.
Either you have your facts or you admit you just repeat everything people say.

You want facts I will give you facts. your richest african imported things in to the north off nigeria for more than 20 years all the industries ,textile companies, commercial farms, most locally produced companies packed up in the north of nigeria. Look at the north of nigeria today people are dying of starvation today. Now that the northern parts off nigeria is collapsed and the people do not have money he turned his attention to southwest. Buy time He finishes with southwest you will not have any good schools again. He will finish the southwest like the northern parts of nigeria. Why do you think lagos is falling in all statistics in africa. I know this man very well and I know his business tactics. It is not to develop the southwest but to make them beggars like the northern parts of nigeria that is his goal when you have nothing you cannot fight. He run all the industries in lagos to the ground and send the remaining to ghana or cameroon

sufferNsmiling:



You want facts I will give you facts. your richest african imported things in to the north off nigeria for more than 20 years all the industries ,textile companies, commercial farms, most locally produced companies packed up in the north of nigeria. Look at the north of nigeria today people are dying of starvation today. Now that the northern parts off nigeria is collapsed and the people do not have money he turned his attention to southwest. Buy time He finishes with southwest you will not have any good schools again. He will finish the southwest like the northern parts of nigeria. Why do you think lagos is falling in all statistics in africa. I know this man very well and I know his business tactics. It is not to develop the southwest but to make them beggars like the northern parts of nigeria that is his goal when you have nothing you cannot fight. He run all the industries in lagos to the ground and send the remaining to ghana or cameroon

Allegations! l want proof that he was the sole importer of all those things you mentioned, in your last post you claimed he was sole importer of all those into Nigeria, now you claim he was just the sole importer to the north, whatever the case, give me evidence because Lafrage was a major cement dealer in Nigeria in the eighties and nineties and even till this time. Dangote only began to stand out in the Obasanjo era, when he went into manufacturing. His so called monopoly was mainly from Obasanjo who banned imports.

[quote author=254tobby post=67698694][/quote]You mentioned foreign brands as Kenyan car companies? How silly can you get?All those companies are also in Nigeria. Beside, the Möbius car company is owned by a Briton. Meanwhile innoson is 100% owned by a Nigerian. Safaricom was started by a white man, mpesa was the idea of a whiteman..I forget I am dealing with people from an Indian colony.

Daejoyoung:

Allegations! l want proof that he was the sole importer of all those things you mentioned, in your last post you claimed he was sole importer of all those into Nigeria, now you claim he was just the sole importer to the north, whatever the case, give me evidence because Lafrage was a major cement dealer in Nigeria in the eighties and nineties and even till this time. Dangote only began to stand out in the Obasanjo era, when he went into manufacturing. His so called monopoly was mainly from Obasanjo who banned imports.

pls, leave this guy. Stop giving him attention.

Most of the nonsense u guys argue about on this thread is baseless.

Danielnino00:




I can see the effort you took to channel your frustration to quote me that's some huge amount of frustration

The idiot had to type in deep frustration. It's hilarious.

kikuyu1:


I've just been looking at those stats on that link and AIYAYAAYYA!! DANGOTELAND HAS JOKES! I can't printscreen but Expenditure per capita, health,education and defence despite BH is twice!

Annual GDP [+]
2016 70,527M.$ 405,442M.$ 2016 Annual GDP [+]

GDP per capita [+]
2016 1,455$ 2,180$ 2016 GDP per capita [+]

Debt [+]
2016 37,717 79,542 2016 Debt [+]

Debt (%GDP) [+]
2016 53.47% 19.61% 2016 Debt (%GDP) [+]

Debt Per Capita [+]
2016 778$ 428$ 2016 Debt Per Capita [+]

Deficit (M.$) [+]
2016 -5,862 -15,942 2016 Deficit (M.$) [+]

Deficit (%GDP) [+]
2016 -8.31% -3.93% 2016 Deficit (%GDP) [+]

Expenditure (M.$) [+]
2016 19,155.0 38,452.9 2016 Expenditure (M.$) [+]

Education Expenditure (M.$) [+]
2015 3,375.0 851.1 1975Education Expenditure (M.$) [+]

Education Expenditure (%Bud.) [+]
2015 16.47%
Gov. Health Exp. (%Bud.) [+]
2014 12.80% 8.17% 2014 Gov. Health Exp. (%Bud.) [+]

Defence Expenditure (M.$) [+]
2016 932.8 1,755.4 2016 Defence Expenditure (M.$) [+]

Defence Expenditure (%Bud.) [+]
2016 5.62% 9.33% 2013 Defence Expenditure (%Bud.) [+]

Expenditure (%GDP) [+]
2016 27.15% 9.48% 2016 Expenditure (%GDP) [+]

Expenditure Per Capita [+]
2016 395$ 207$ 2016 Expenditure Per Capita [+]

Education Expenditure P.C [+]
2015 71$ 13$ 1975 Education Expenditure P.C [+]

Gov. Health Exp. P.C. [+]
2014 47$ 30$ 2014 Gov. Health Exp. P.C. [+]

Defence Expenditure P.C. [+]
2016 19$ 9$ 2016 Defence Expenditure P.C. [+]

Innovation Ranking [+]
2017 80º 119º 2017 Innovation Ranking [+]

Labour
7.2% 2016Q4 Unemployment rate [+]

5,821 m. 2016Q4 Unemployed [+]

NMW [+]
2012 158.4 $ 115.9 $ 2013 NMW [+]

Human Capital Ranking [+]
2016 102º 127º 2016 Human Capital Ranking [+]

Markets
Euro / Kenyan shilling [+]
05/18/2018 118.4967 360.4962 05/17/2018 Euro / Nairas [+]

US Dollar exchange rate [+]
05/18/2018 100.4244 305.3500 05/17/2018 US Dollar exchange rate [+]

Prices
CPI (overall index) [+]
March 2018 4.2% 12.5% April 2018 CPI (overall index) [+]

Money Market
Key rates [+]
03/19/2018 9.50% 14.00% 07/01/2016 Key rates [+]

Business
Doing Business [+]
2018 80º 145º 2018 Doing Business [+]

Vehicles / 1,000 people [+]
2015 29.25 20.70 2015 Vehicles / 1,000 people [+]

HDI [+]
2015 0.555 0.527 2015 HDI [+]

Global Peace Ranking [+]
2017 125º 149º 2017 Global Peace Ranking [+]

Gender Gap Ranking [+]
2016 63º 118º 2016 Gender Gap Ranking [+]

86º 2015 Ranking [+]

Birth Rate [+]
2016 31.31‰ 38.89‰ 2016 Birth Rate [+]

Fertility Rate [+]
2016 3.85 5.53 2016 Fertility Rate [+]

Crude death rate [+]
2016 5.73‰ 12.46‰ 2016 Crude death rate [+]

Life expectancy [+]
2016 67.03 53.43 2016 Life expectancy [+]

Number of homicides [+]
2015 2,648 17,843 2015 Number of homicides [+]

Rate Homicides per 100.000 [+]
2015 5.75 9.79 2015 Rate Homicides per 100.000 [+]


In a way its good they don't understand THE IMPLICATIONS OF THESE FIGURES-if they did they'd SURELY WEEP.

in a way, it's good u don't understand the implications of these baseless stats. If u did, u would surely .

Different stats are just flying up n down, niggars fighting over unnecessary reasons.

kikuyu1:


As ever! You've lied, and you've been busted!



Genius,what does that 2014 mean? Your stats are 4 years old,goddammit! Mine are latest!

Vehicles / 1,000 people [+] 2015 29.25 chart 20.70 2015 Vehicles / 1,000 people [+]
Tax
https://countryeconomy.com/countries/compare/kenya/nigeria

We're 50% ahead of you in cars per 1000 people for now. Btw,in these old 2007 figures you're also ahead,


[urlhttp://energybc.ca/cache/globalconsumereconomy/data.worldbank.org/indicator/IS.VEH.NVEH.html][/url]

I know you're thrilled but that metric is now over 10 years old and now its not even close despite whatever Dangote has in his garage!

Indian slave, you also gave me 2015 data which is outdated. Give me 2017 then we can start from there.

obaaderemi:
Indian slave, you also gave me 2015 data which is outdated. Give me 2017 then we can start from there.

Your thoughts are wicked my Nigeria broda.Indians, Whites, Arabs an others are also Kenyans. I think ya mentality is representation of what wrong with Nigeria. Dude it’s not a must for one to look like you to qualify as African (personally I got issues with your head shape ) .Man ya got this typical mentality of a deported Nigeria.
I can bet that you gt issues with these photos…Its all Kenyan

obaaderemi:
You mentioned foreign brands as Kenyan car companies? How silly can you get?All those companies are also in Nigeria. Beside, the Möbius car company is owned by a Briton. Meanwhile innoson is 100% owned by a Nigerian. Safaricom was started by a white man, mpesa was the idea of a whiteman..I forget I am dealing with people from an Indian colony.

Guy you're freakingly stupid,who told you that safaricom was started by a white man,and the mpesa idea?

Safaricom which was an affiliate of vodacom was owned by the Kenyan government being the main shareholder 60% while 35% shares was for the company at that time then.
safaricom is a fully KENYAN indegene telco subsidiary which has been runned and operated by black Kenyans themselves,not like mtn a south African company that is raking in money from Nigeria tele sector,infact its the largest telco company in Nigeria,a foreign company .

Do you really even know how mpesa came into existence in Kenya? The mpesa idea was invented by a black Kenyan,infact he was a university computer science student at Jomo Kenyatta university of science and technology back in 2007,then the whites which you claim brain drained that innovation to commercialize it.
Mpesa is a Kenyan tech start up,even some white nations like India,Afghanistan,Romania,Albania took a leaf from us,and here in Africa soon mpesa will enter into your country the giant ,Ghana and Angola very soon.

Well,Nigerians are used to natural jealous,you like disputing that everything in Kenya is owned by a white.They never want to see other African nations overtake them.

And don't lie to me that innoson is 100% owned by Nigerian,one of your fellow dudes posted an article in the vanguard to this thread about the innoson stuffs,you think I don't follow the pages on this thread??

If you know nothing about Kenya,just shut your dirty mouth up,okay?instead of using filthy excuses to defend your egos,as for me,I don't know what's happening in Nigeria and I don't even bother to know.

This city is Divine

GERALD710:

It is not overhype.
98% of your exports is crude oil.
When oil prices plunged your economy went into a recession that you have never left and it seems will never leave so long as oil prices are below $80 a barrel.
Oil practically funds your budget.So it may form 20% of your GDP but the other 80% depends on that 20% to run.
Kenya and South Africa are credited to be some of the few nations which fund more than 90% of their budgets from TAXES.
Nigeria is nowhere there.

By the way Nigeria has exited recession and oil prices are around $80

frer8:
https://www.softpower.ug/parliament-against-plans-to-relocate-un-base-from-entebbe-to-nairobi/

So there were plans to relocate the UN base from Entebbe,Uganda to Nairobi.I just learnt that the UN has now cooled a bit after a protest letter from Museveni and condemnation of the UN by the Ugandan parliament.This was yet another UN steal for Kenya.

Ugandans and other member countries complaining of unfair distribution of UN entities should be asking themselves,Why Kenya?

Is there a Kenyan cartel in the UN that made the proposal? Or ,is Kenya more appealing to UN and it's staff ?

Nigeria has way higher soft power than Kenya, that's not even an argument. search it up online...

Just look at how our media sector dominates the continent.

obaaderemi:
Indian slave, you also gave me 2015 data which is outdated. Give me 2017 then we can start from there.

No nigga that's the latest data that clearly spells out where Dangoteland stands in relation to everyone else in an extremely important overlooked stat.
If that fact makes me an Indian slave so be it. I also told you its feminine to get so hormonal over the truth.
Why don't you find 2017 stats supporting your case? Hahahaha!!

obaaderemi:
Indian slave, you also gave me 2015 data which is outdated. Give me 2017 then we can start from there.

Stop using phrases like that. It is wrong. We're all Africans here. Mind you, Indians are major players in Nigeria's manufacturing sector. Go to industrial estates in Isolo, Ilupeju, Ikeja, Agbara etc and it's overrun with Indians everywhere. They either own factories or indigenous owners bring them to run most of the factories. If it's not Indians, it's Lebanese or Chinese people. I guess that makes us "slaves" too.

To be honest, Kenya is a more sophisticated economy than Nigeria. Blame the resource curse. We were well on track after independence with economic vibrance matching the Asian tigers until we were cursed to discover oil and every other industry collapsed as we've spent the last few decades in stupor counting "oyel money". We had entire regions that were once productive and self-sustaining completely dependent on oyel money from the Niger Delta. Blame that for our problems. I don't think many people on this thread understand just how wrecked this country is by the curse of oil.

Danielnino00:



I don't get all this hate on Dangote... The man is just a smart businessman,who like most businessmen built his wealth by thinking smart.. He started the first indigenous cement manufacturing plant in Nigeria and thus saving the country billion of dollars annually in cement importation and creating thousand of jobs..If he hadn't started cement manufacturing, imagine how much Nigeria will be spending on importing cement now.. The man has even stepped up his game by building the largest refinery in the world.. its quite shameful that the same set of people who benefit from Dangote contribution to our economy are among those who criticize him..

I have no hate for Dangote certainly. He's simply smarter than many of his peers who have no vision. But I don't see the local production of cement as a positive. As imports were banned, the price exploded as Dangote made absolutely ridiculous profit margins with little oversight or regulation into what he and the cement cartel are doing. Check Dangote cem financial reports. I've read Bloomberg and Wikileaks articles that were highly critical of a very lax regulatory framework that allowed him rip off Nigerians with the highest cement price in the world. Dangote has been making profits of over 50% of his revenue when most cement companies in the world are lucky to make 5%. What is the point extolling the virtues of local production if the local prices aren't competitive?

I actually fear for this refinery he is building that everyone is making noise about. Dangote is a ruthlessly ambitious man with clear ambitions to become a global player and accelerate up the Forbes Rich List. Give a guy like that a monopoly over your crude products with little oversight over his profiteering ambitions and don't be surprised to find yourself buying your petrol at double its price while we boast that we have one of the richest men in the world and forget the hardship we have to shoulder for his ambitions.

Obi1kenobi:
To be honest, Kenya is a more sophisticated economy than Nigeria. Blame the resource curse. We were well on track after independence with economic vibrance matching the Asian tigers until we were cursed to discover oil and every other industry collapsed as we've spent the last few decades in stupor counting "oyel money". We had entire regions that were once productive and self-sustaining completely dependent on oyel money from the Niger Delta. Blame that for our problems. I don't think many people on this thread understand just how wrecked this country is by the curse of oil.

[b]The problem of nigeria did not start from oil.. Nigeria's problem started from independence and education we water down education in the country that the people cannot think that is where our problem started from. Look at it wasn't it nigeria companies which builds india, thailand ,south africa ,ghana kenya and today cameroon. What happened is in education we got rid of A level into the universities and got rid of O level into the universities. Today you can enter university in nigeria 30% pass which junior certificate that is where our problem started. Because of this the people cannot think and laziness takes over a good example today from the educational crisis Anybody which can do the job we chased him away you can see that on this thread. We start fighting indians ,white people in kenya because they no how to do the job illitracy breeds jealousy .a nigeria will go abroad and start fighting the people which are building the country because we are illiterate, jealous, criminals and lazy. We start to worship criminals and people which are destroying us that is the problem with illiteracy .95% off we nigerians do not know who can help us all the nigeria and foreigners which could help us have left the country this is the agenda off the northern parts off nigeria make the people illiterate and they will worship criminals.[/b]

Safaricom was not started by any "white" man - it was started by Kenyans and Vodafone were brought in as strategic partners 3yrs later.

Safaricom Public Limited Company, is a leading mobile network operator in Kenya. It was formed in 1997 as a fully owned subsidiary of Telkom Kenya. In May 2000, Vodafone Group PLC of the United Kingdom acquired a 40% stake and management responsibility for the company