#80million:
Were u expecting him to say something contrary?

rusher14:
Please can you prove your assertion that Nigeria has enjoyed the greatest FDi in Africa in the past 2 years?
Though i'm quite busy, a quick check of this fact appears rather contrary with Angola appearing to benefit the greatest within the African continent from FDI as reported by KPMG.

Source: http://www.blog.kpmgafrica.com/overview-of-foreign-direct-investment-in-africa/

ilebaami: Goodluck Jonathan assembled a Nigerian 1st eleven squad that includes Ngozi Okonjo-Iweala, Shamsudeen Usman, Dr. Akinwunmi Ayo Adesina, Mrs. Hadiza Ibrahim Mailafa, Mrs. Stella Oduah-Ogiemwonyi ,Olusegun Aganga, Amb. Olugbenga Ashiru, Prof. Chinedu Osita Nebo, Mrs. Deizani Alison-Madueke a a host of smart brains to complement his intellectual insight. Not to forget two quiet wiz-kids at the power privatisation revolution called Atedo Peterside and Bekinbo Dagogo-Jack. You ain't seen nothing yet! Testimony galore!

desgiezd: All na politics. He has to align for business reasons.

awodman: I can see some people trying to say that it was IMPORT WAIVERS granted Dangote that made him so...sorry dangote is an industrialist...Let me help out with some of the verifiable GEJ's govt has introduced and pursued that has helped Dangote and other industrialists

1) Dangote cement and other cement manufacturing firms benefited massively from the BACKWARD INTEGRATION POLICY on cement which was pursued aggresively by the current minister of Investment Aganga
And we know cement is the major drive of Dangote companies
www.vanguardngr.com/2013/07/fg-explains-high-price-of-cement/

2) Because of a CBN INTERVENTION POLICY and the current drive in agriculture led by ADESINA,Dangote is setting a tomato paste processing industry in kano
mobile.bloomberg.com/news/2013-06-30/africa-s-richest-man-vies-with-china-in-nigeria-tomatoes.html

3) Dangote because of the current NATIONAL SUGAR MASTERPLAN and the BACKWARD INTEGRATION POLICY which was initiated by AGANGA and is been pursued aggresively is setting a sugar plantation and sugar processing plants in Adamawa and kwara

www.thisdaylive.com/articles/imported-sugar-deploying-backward-integration-against-nigeria-s-addiction/156592/

www.vanguardngr.com/2013/05/dangote-plans-n200bn-sugar-factories-in-sokoto-kebbi-states-2/

Shine It: The biggest doublespeak in history.

When Dangote sited his refinery in Ondo state all the Yorubas were clapping for him. They were calling him the businessman of the decade, all accolades were lavished on him.

Fast forward to today when the Yorubas realised there would not have been any refinary in Ondo if not for GEJ's policies.
Now we are all to start believing Dangote was given preferential treatment, that he needed to say this etc.

I got news for the Yorubas, if you can't make it now, you will probably never make it.

This is why Igbos have taken Lagos from you, the Ijaws want Ondo, the Hausas recently kicked you lot in Ogun and the Fulanis have claimed Kwara.

I think this is a bad time to be called a Yoruba man.

Urine:

I hereby move a motion to ban dumb people from using internet enabled devices.

Lordave: Is this coming from a Northerner?

hybee_noni: If truly Jonathan's policy favours busineses in Nigeria, hw comes manufacturin companies keeps foldin up in Nigeria; rememba d likes of Michelin,Textiles companies...
Y du companies nw prefer shiftin dere manufacturin base to ghana nd sendin dere products to Nigeria? How comes its only d likes of dangote's alone dt kp smilin to d bank, I'm sure he nt d only smartest biz man in Nigeria. Du u cal favourin sm selectd few a gud biz policy?
I'm sure it doesn't happen lik dis in emergin economies of d world

software man:
Complete hogwash. Dangote started expansion into manufacturing several years ago it is a big lie to attribute any significant FDI directly to the Jonathan administration policy. Most of industries expanding currently has their expansionpexpansion programs in place for years and the policy of the Jonathan administration has nothing to do with it. What Jonathan apologist are now doing is to attribute every economic progress in the private sector-most of which would have taken place AGIP- to jonathan.

This to me is desperation . A government is usually assessed the capacity to provide enabling environment for small and medium size companies to thrive. This usually achieved through the right micro and macro economic policies.
When you consider the state of infrastructures, in flation , interest rates, cost of doing business, were we better off or worse than we were three years ago.? This clinging to imaginary achievements that has not impacted on any one life has beent the usual swan song of the last 14 years of PDP misrule.

awodman:
“Apart from having the banks recapitalised, when there
were issues in the banks, Mr President came in and
empowered the banks and we now have very strong
banks.

The $3.3 billion that we raised, over 90 per cent of the
money was from the Nigerian Banks and some of them at
low rate. It is from the banks’ dollar reserves that they
gave us $2.8 billion out of the $3.3 billion at 6 per cent
interest rate. Really, Mr President, you have done quite a
lot because, before now, I remember when we built the
cement plant that we are talking about. At a point, we
actually borrowed money and we were paying 42 per cent interest rate.

“From 2004 to 2006, by the time we finished the factory,
on interest rate alone, we paid $210 million. So, this is
something that this government had done which really we need to come out and tell the people that this is what our government is doing,’’ he said.

Dangote, who said the President had also approved some
backward integration policies for sugar, rice, cassava and
palm oil, added that his conglomerate is investing $2
billion on sugar manufacturing in the country which will
generate about 750,000 job opportunities

www.thisdaylive.com/articles/dangote-our-corporation-is-now-worth-21bn/158403/

hybee_noni: If truly Jonathan's policy favours busineses in Nigeria, hw comes manufacturin companies keeps foldin up in Nigeria; rememba d likes of Michelin,Textiles companies...
Y du companies nw prefer shiftin dere manufacturin base to ghana nd sendin dere products to Nigeria? How comes its only d likes of dangote's alone dt kp smilin to d bank, I'm sure he nt d only smartest biz man in Nigeria. Du u cal favourin sm selectd few a gud biz policy?
I'm sure it doesn't happen lik dis in emergin economies of d world

ilebaami: Goodluck Jonathan assembled a Nigerian 1st eleven squad that includes Ngozi Okonjo-Iweala, Shamsudeen Usman, Dr. Akinwunmi Ayo Adesina, Mrs. Hadiza Ibrahim Mailafa, Mrs. Stella Oduah-Ogiemwonyi ,Olusegun Aganga, Amb. Olugbenga Ashiru, Prof. Chinedu Osita Nebo, Mrs. Deizani Alison-Madueke a a host of smart brains to complement his intellectual insight. Not to forget two quiet wiz-kids at the power privatisation revolution called Atedo Peterside and Bekinbo Dagogo-Jack. You ain't seen nothing yet! Testimony galore!

hybee_noni: If truly Jonathan's policy favours busineses in Nigeria, hw comes manufacturin companies keeps foldin up in Nigeria; rememba d likes of Michelin,Textiles companies...
Y du companies nw prefer shiftin dere manufacturin base to ghana nd sendin dere products to Nigeria? How comes its only d likes of dangote's alone dt kp smilin to d bank, I'm sure he nt d only smartest biz man in Nigeria. Du u cal favourin sm selectd few a gud biz policy?
I'm sure it doesn't happen lik dis in emergin economies of d world

enm:


Please that was in the past before GEJ administration. please be properly informed before making any comment.

To those of you saying GEj has done nothing to warrant praise should please desist from it. yes there is still a lot to be done but time is needed, so we should continue to be patience and watchful so as to keep them on their toes.

Let us not be in a hurry and use our own hands and mouth to destroy things and regret later.

taharqa: Where does this article say Angola attracted more FDI than Nigeria? Why didn't you just go to Google and find d answer to d question you asked... Anyways, Nigeria since 2011 hv had d Largest FDI in Africa and by a large margin. Since you are lazy to search yourself, I will post d links later today when I get to my Computer

hardywaltz: I am pretty sure he said the same thing to OBJ and Yara'dua, he will still say the same thing to Atiku if he becomes President 2moro.

software man:
Obj too assembled a so called first eleven team including the same ngozi nweala and many, many more. They said after payingo off the country's debt we should expect a great sustained economic growth of low inflation and interest rates andd high employment.
Now we have the foreign reserve squandered, higher inflation, higher interest rate, higher unemployment, worse state of infrastructure. On top they have piled up the debts again Even worse.!

It is really testimony galore. Testimony of lies and propaganda galore!!

telexfree1:

Yu obviously have no idea there was a global economic recession in 2008 which affected Nigeria as well. Look at you making comparisons to three years ago. Why don't you ask the average American the same question ? Most of the world's economies have not recovered from the massive job losses and credit crunch. Or you think Nigeria was completely insulated from global happenings ? An international businessman is talking and you sitting are here trying to post some high school business studies analysis.

taharqa: Oh, so d Reserves 'has bn squandered'? We now have 'higher interest rate'? A 'higher inflation rate'? A 'higher employment rate' (okay, you may be right here i think)? A 'worse State Infrastructure'?? Abi?that is yr story?

ballabriggs:

What is the big deal about Nigeria's FDI inflows?

Firstly, Nigeria in the last year on a per capita basis got less FDI inflows than Ghana.

Secondly, Africa as a whole has an agonisingly low percentage of global FDI inflows. To make noise about biggest in Africa is to say you are the king of mediocrity.

Thirdly, these inflows in most of the economic literature on FDI and growth in Nigeria have a very insignificant impact on growth.

So please shut it.

software man:
It is reality on ground except of course, you jonathanians live in a diffrent country from the rest of us!

ballabriggs:

What is the big deal about Nigeria's FDI inflows?

Firstly, Nigeria in the last year on a per capita basis got less FDI inflows than Ghana.

Secondly, Africa as a whole has an agonisingly low percentage of global FDI inflows. To make noise about biggest in Africa is to say you are the king of mediocrity.

Thirdly, these inflows in most of the economic literature on FDI and growth in Nigeria have a very insignificant impact on growth.

So please shut it.

software man:
It is reality on ground except of course, you jonathanians live in a diffrent country from the rest of us!

ballabriggs: Was his sugar refinery also under Abacha also as a result of Abacha's favourable policy?

The purchase of Obajana, Bacita and the port concession under OBJ's favourable policy?

Of course, favourable policy to him. However, that is not how we assess a macro-economy.

We look at a macro-economy in terms of wealth distribution among the component units and not one man Dangote.

software man:

Thanks bro. but we are probably wasteing our time with these jonathanians. They seems to inhabit there own land of fantasyw where they concoct all sort of achievements for a low performing government and president. The way they are going they will soon ascribe the growth of pentecoastal churches to Jonathan!

taharqa: Clown, Dangote just mentioned d BACKWARD INTEGRATION policies, across d entire value chain, currently going on in the Sugar, Cassava, Palm Oil, Tomatoes, Cotton, Rice, Fertilizer, etc- areas that he and very many others are massively investing in? These things are just happening by themselves, right? That is yr story..

taharqa: Oh, FDI per capital angle abi?? Maybe you hv to explain that to d Chinese you CLOWN... And did you just ask what 'd big deal is in FDI flow to Nigeria'??... Africa had more than #50bn FDI inflow last year, one of d only regions in d world where it increased; if that is 'an agonishingly low flow' then you hv to have yr head Checked, fast..