Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,554 members, 7,819,984 topics. Date: Tuesday, 07 May 2024 at 07:57 AM

Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos (27251 Views)

Naira is Worst Performing Currency In Africa In 2016-The Economist / Aliko Dangote Unveils SunTrust Bank, Nigeria’s First Fintech Bank / How Aliko Dangote Became The Richest Man In Africa (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by obailala(m): 11:46am On Mar 08, 2016
dowjones:


Nice one.

See why Nigeria's future is weak? Unregulated power in the hands of one man. Dangote only thives in a monopoly. Nigerians pay more than double for cement compared global prices because of one man.

When IBETO brother were given license to produce cement under the Yar adua admin, they announced they will sell a bag of cement for N800 the NEXT WEEK, that license was revoked through the lobbying of Turai (that witch).

Once dangote is done with his tomato paste farm, government will pass a unfavourable bill against tomato paste production. Or they will use NAFDAC do make new entrants suffer. This is nigeria

Dangote's Nigeria
There are lot's of opportunities in the tomato paste business today and very soon, importation of tomato paste will definitely be banned. So the big question is, why are more businessmen not investing in the tomato paste business now? WHy is everyone waiting for Dangote to dominate that sector too?

I may be wrong, but I thought the reason Ibeto's cement import license was suspended was because he had not met with the agreement to set-up his local production plant?

11 Likes 1 Share

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by PapaBrowne(m): 11:47am On Mar 08, 2016
dowjones:


Nice one.

See why Nigeria's future is weak? Unregulated power in the hands of one man. Dangote only thives in a monopoly. Nigerians pay more than double for cement compared global prices because of one man.

When IBETO brother were given license to produce cement under the Yar adua admin, they announced they will sell a bag of cement for N800 the NEXT WEEK, that license was revoked through the lobbying of Turai (that witch).

Once dangote is done with his tomato paste farm, government will pass a unfavourable bill against tomato paste production. Or they will use NAFDAC do make new entrants suffer. This is nigeria

Dangote's Nigeria

Lets stop this nonsense. Dangote is a hard worker. He works harder than all the others.
Dangote's strength is in his absolute value chain strategy. He is involved in every segment of his production systems.
He mines the limestone, he produces his own power, owns the company that produces bag for all his commodities, owns the trucks that supply his cement and a whole lot others. Even owns the dockyard that berths his raw materials. Its a business stratey he has built over ages.

If smallers players like Ibeto would play successfully in the same market, they must devise strategies that would make thier products way more appealing than the behemoth. Something as simple as focusing on the last mile using innovative delivery strategies can change the game for Ibeto

12 Likes 1 Share

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by HAH: 11:47am On Mar 08, 2016
This man is. Also a government

1 Like

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Ahmed3rdjuly: 11:48am On Mar 08, 2016
JahJaa:
Nice Development but its Dangote Alone #why. There are other Billioneers dont they think ahead or what ?. Its a win win thing for him shaa #Dangote he will earn more at the end maybe like 80% for him 20% for the government, i love him no Homo
All others are looking for quick returns and they dare not go into manufacturing because of the high risk involved.
Dangote takes higher risk and gets higher returns

7 Likes

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Barrysleek(m): 11:49am On Mar 08, 2016
Entrepreneur to the fullest. Dangote keep ranking up the Benjamins

1 Like

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by obailala(m): 11:50am On Mar 08, 2016
Integrityfarms:
One thing is certain. There is a skewed agenda to use the powers of the state to favour Dangote at the detriment of other business investors! No wonder the North wants to die to be in the Presidency!! We are watching!
Dangote has flourished under successive governments, both northern and southern presidents. The man is a smart and shrewd businessman and his favours did not start under this northern presidency.

If you remember in the last few elections, he supported both GEJ and Buhari at the same time; this was even evident in the circulated pictures which revealed that he even sat together with GEJ when final election results were being announced but as soon as Buhari was declared winner, he relocated to APC HQ. The man is a smart, shrewd and hardworking businessman who takes huge risks and gains huge rewards.

While the man keeps expanding rapidly and buying off the entire Nigeria, other businessmen are busy sleeping on bike. Very soon, we will definitely start blaming Dangote for being a 'smart' man.

7 Likes 2 Shares

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by OneManLegion(m): 11:50am On Mar 08, 2016
I was expecting people to be as happy for him as the are for Innocent whatzerface of Innosson motors, but no; they're screaming monopoly and blah, blah, blah!

What monopoly? Is he the only one producing spaghetti? or sugar? Or cement? Or noodles? What are you all saying?

This guy's plans are awesome for our economy and for wealth-creation and you all are smarting from the fact that he'll make tons of money from his legitimate ideas?

Una never start. Una go hate taya.

10 Likes 1 Share

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Awolowo86: 11:50am On Mar 08, 2016
dowjones:


Nice one.

See why Nigeria's future is weak? Unregulated power in the hands of one man. Dangote only thives in a monopoly. Nigerians pay more than double for cement compared global prices because of one man.

When IBETO brother were given license to produce cement under the Yar adua admin, they announced they will sell a bag of cement for N800 the NEXT WEEK, that license was revoked through the lobbying of Turai (that witch).

Once dangote is done with his tomato paste farm, government will pass a unfavourable bill against tomato paste production. Or they will use NAFDAC do make new entrants suffer. This is nigeria

Dangote's Nigeria
Nigerians can be funny, a Nigerian sees a business opportunity and exploits it, we will blame the man for exploiting business in Nigeria.
Is he not better than those who steal our funds and use it to buy properties or invest overseas? Yet this man (maybe he stole the money ohh, or he manipulated situations to favor him, na him sabi), has his headquarters in Nigeria, builds his business in Nigeria and we are saying he is monopolizing Nigeria.
His tomato factory, hope you know that in the area the factory is located, 70% of the tomato produced there usually perishes because of transportation and storage issues, yet somebody deemed fit to exploit that chance and we dey blame am.
Soon, we will accuse him of chopping the whole Nigerian money when his refinery comes online and remember he wants to generate power too.
This man is solving Nigerian problems one after the other and at least he deserve salary now for all the work wey he dey do for us. grin
Nigerians wake up and stop antagonizing the wrong ones.
For me, Dangote is a model Nigerian and somebody all Nigerians should be proud of.

8 Likes

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by bmaks: 11:51am On Mar 08, 2016
akeensbussy:


Lol


Tooooh! lipsrsealed Lobatan!!!! grin grin grin
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by shamecurls(m): 11:54am On Mar 08, 2016
Some people will still castigate this man not considering that he is not the only billionaire in Nigeria as others have just chosen to go abroad to invest or launder cash too.

An Ibori, Igbinedion, Tinubu and co can replicate such.


Sempe for the man wey Sabi


E simply just using the strength of 170 million Nigerians

1 Like

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Suntemi(m): 12:03pm On Mar 08, 2016
shafanik:
Aliko Dangote, Africa’s richest man and
President and Chief executive officer of
Dangote Group, says his cement
company Dangote Cement has seen a 47
percent growth in sales volumes
between January and February 2016.
Dangote was speaking today at the
Economist Summit in Lagos which
Nairametrics is covering.....


When dollar was always around 400 to the naira. Nigerians in diaspora were sending dollars to Nigeria, changing it to naira and buying Dangote cements to build houses. Why won't there be 47% growth?

If you are the only one allowed to sell ordinary toothpick in Nigeria, won't you be very rich? Dangote is doing nothing special.

2 Likes 1 Share

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by JahJaa(m): 12:13pm On Mar 08, 2016
Ahmed3rdjuly:

All others are looking for quick returns and they dare not go into manufacturing because of the high risk involved.
Dangote takes higher risk and gets higher returns
indeed you are right bro but Nigeria needs more people like Dangote

2 Likes

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by excellentmomma(f): 12:17pm On Mar 08, 2016
ODUBEZE:

lolz! Joseph the dreamer.
How will this country grow when the business environment is only favourable to few? He has monopolized everything.
He should also address the issue if his trucks that are mostly involve in accidents!
Their blood will catch up with him someday.


You didn't understand BLINGZ88 , he was just being sarcastic. Read his post again
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by seunt4ut(m): 12:18pm On Mar 08, 2016
JahJaa:
Nice Development but its Dangote Alone #why. There are other Billioneers dont they think ahead or what ?. Its a win win thing for him shaa #Dangote he will earn more at the end maybe like 80% for him 20% for the government, i love him no Homo


Most of those Billionaire are under Dangote Group of company, Dangote has become a brand that everybody want to keep his company under his umbrella in other to benefit from the Goodwill.
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by JahJaa(m): 12:23pm On Mar 08, 2016
seunt4ut:



Most of those Billionaire are under Dangote Group of company, Dangote has become a brand that everybody want to keep his company under his umbrella in other to benefit from the Goodwill.
that may not be far from the truth ooooo, well its ok thanks for the info #GodBless
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by owagbeba: 12:26pm On Mar 08, 2016
I think we need more Dangotes in Nigeria. It's similar to South Korean "chaebol" policy that favored a few industrialist and made them so instrumental in developing South Korean economy.

South Korea's economy was small and
predominantly agricultural well into the mid-20th century. However, the policies of President Park Chung Hee spurred rapid industrialization by promoting large businesses, following his seizure of power in 1961. The First Five Year Economic Plan [2] by the government set industrial policy toward new investment, and the chaebol were to be guaranteed loans from the banking sector. The chaebol played a key role in developing new industries, markets, and export production, helping place South Korea as one of the Four Asian Tigers.

Today those chaebols are world leaders in technology: LG, SAMSUNG, HYUNDAI, DAEWOO, DOOSAN, HANJIN ETC..

www.cnet.com/news/the-chaebols-the-rise-of-south-koreas-mighty-conglomerates/

1 Like

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by stonemasonn: 12:36pm On Mar 08, 2016
Integrityfarms:
One thing is certain. There is a skewed agenda to use the powers of the state to favour Dangote at the detriment of other business investors! No wonder the North wants to die to be in the Presidency!! We are watching!
it is the only way to ensure Nigeria doesn't brake up.
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by pmatiu: 12:48pm On Mar 08, 2016
All this man things is his business. What has he done 4 Kano state his state of origin. Not a school, hospital or any other social amenities has he provided 4 his people nd Nigeria at large. Pls if U were Dangote are u nt going to build the best hospitals, schools etc in Kano state instead their people re left uneducated so as they should nt b exposed to the realities of the world going all around the street begging 4 arms some with diff kind of deseases. Northerner brothers nd sisters say no to enslavement.
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by missKiffy(f): 12:55pm On Mar 08, 2016
BLINGZ88:
By 2019 dangote will b d president of Nigeria, nd he will make life better for all of us, nd he will give every body a car and he will build duplex 4 us, nd he will marry all the unmarried women and he will employ every jobless youth and so on and so forth...
cheesy cheesy cheesy cheesy
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by ronaldbecky(m): 12:56pm On Mar 08, 2016
akeensbussy:

Lol
yeah d nigga dey vex
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by jayonline: 12:59pm On Mar 08, 2016
We need more Dangotes
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by omoigbomina(m): 1:05pm On Mar 08, 2016
Integrityfarms:
One thing is certain. There is a skewed agenda to use the powers of the state to favour Dangote at the detriment of other business investors! No wonder the North wants to die to be in the Presidency!! We are watching!
it is right to put things in proper perspective.was the government under Jonathan unfavourable to him?

2 Likes

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by jarmy: 1:21pm On Mar 08, 2016
BLINGZ88:
By 2019 dangote will b d president of Nigeria, nd he will make life better for all of us, nd he will give every body a car and he will build duplex 4 us, nd he will marry all the unmarried women and he will employ every jobless youth and so on and so forth...
He not not be president to make impact.
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by jarmy: 1:21pm On Mar 08, 2016
BLINGZ88:
By 2019 dangote will b d president of Nigeria, nd he will make life better for all of us, nd he will give every body a car and he will build duplex 4 us, nd he will marry all the unmarried women and he will employ every jobless youth and so on and so forth...
He need not be president to make impact.
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Bluffly: 1:28pm On Mar 08, 2016
Why is Adenuga, Otedola, Ubah permitting the monopoly, at least, they also have the credibility to raise credits and prevent monopoly. The should also learn to diversify

1 Like

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Nobody: 1:30pm On Mar 08, 2016
If inoson motors was own by hausa/ fulani, nigerian govt would have stopped importation of cars for long
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Nobody: 1:43pm On Mar 08, 2016
obailala:
Dangote has flourished under successive governments, both northern and southern presidents. The man is a smart and shrewd businessman and his favours did not start under this northern presidency.

If you remember in the last few elections, he supported both GEJ and Buhari at the same time; this was even evident in the circulated pictures which revealed that he even sat together with GEJ when final election results were being announced but as soon as Buhari was declared winner, he relocated to APC HQ. The man is a smart, shrewd and hardworking businessman who takes huge risks and gains huge rewards.

While the man keeps expanding rapidly and buying off the entire Nigeria, other businessmen are busy sleeping on bike. Very soon, we will definitely start blaming Dangote for being a 'smart' man.

Exactly my issue with all those criticizing him here. Hes definitely a shrewd harworker who should be emulated.

He collected $50,000 from his grandfather to start his business and repaid dt loan in 5 months. How many young people, whose family can afford dt, can even do that? In the 70's dt money would have bought him 10 mercedes benz's, 4mansions and dino melayes choice of toys. The guy was hardworking and very focused.

He personally inspires me a lot. Ecspecially in the type of manufacturing business you should be in. He is always in industries the populace cant do without. According to ben murray bruce's new common sense slogan: Stop importing what nigerians want and then producing what they dont want.

2 Likes 1 Share

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Nobody: 1:44pm On Mar 08, 2016
Nextonline:
If inoson motors was own by hausa/ fulani, nigerian govt would have stopped importation of cars for long


Propaganda. People still import sugar and rice despite all these being produced by northerners.

2 Likes

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Nobody: 1:52pm On Mar 08, 2016
omoigbomina:
it is right to put things in proper perspective.was the government under Jonathan unfavourable to him?

Dont mind them. Even dangote said in his own words he made a lot of money supplying cement to the govt in the 70's when they wanted to build festac '77, then everything grinded to a halt during buharis military regime when he banned imports. He had to restrategize into sthn else dt was permissible under dt govt.

Governments affect businesses a lot, dts why the more successful they get, they try to get in bed wt the govt or party of the day. Its done by forward-thinking businessmen in every country of the world.

1 Like 1 Share

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Akainzo(m): 1:55pm On Mar 08, 2016
Integrityfarms:
One thing is certain. There is a skewed agenda to use the powers of the state to favour Dangote at the detriment of other business investors! No wonder the North wants to die to be in the Presidency!! We are watching!


Was the North in charge between 2009 and 2015 when Dangote was building monopolies all across Nigeria? Sentiments really doesn't make people see clearly!

The guy has been corrupting govt officials to influence policies that favour his companies for a long time, irrespective of who is in charge or where he comes from.

2 Likes

Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by yaki84: 2:20pm On Mar 08, 2016
Ahmed3rdjuly:
Dangote is fast becoming a government in government



dangote is now the fourth arm of government.
Re: Huge Revelations Made By Aliko DANGOTE At Economist Summit In Lagos by Nobody: 2:25pm On Mar 08, 2016
Many here are bellyaching over the seeming monopoly of Dangote! Haba!! At least give the man some credit for investing in Nigeria. Many there were who had more opportunities than he was presented with but squandered same on politics, wine and women only to answer for stolen arms money while their staff salaries remained unpaid! Be fair and take your own opportunities as well.

1 Like

(1) (2) (3) (Reply)

Jason Njoku: "Why Konga Was Sold To Zinox" / Have Prices Of Commodities Reduced In Your Area? / FG Slashes Import Duties On 115 Items

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.