ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export licenses to stay ahead

buffalowings:


People will come for you for saying this..

Just like Trump

I don't have anything against these people
But the 'inspirational' stories they sell is revolting

You have to have money to make more money

And if you were poor and you hit the jackpot
You were just damn lucky

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export licenses to stay ahead

TheLordIsGr8:


http://www.monbiot.com/2011/11/07/the-self-attribution-fallacy/

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export licenses to stay ahead

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export licenses to stay ahead

stillseth:


you've said it all brother...and he had a very strong government backing/connection so they monopolized everything for him...majorly the cement sector...dangote controls cement price

stillseth:


you've said it all brother...and he had a very strong government backing/connection so they monopolized everything for him...majorly the cement sector...dangote controls cement price

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export/Import licenses to stay ahead

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export/Import licenses to stay ahead

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export/Import licenses to stay ahead

Ijaya123:
Same way he used northern connections to bend policies of other African countries he has investments in? I sense jealousy and hatred as the foundation of your grudges. Unfortunately, no one can help you here.

buffalowings:


People will come for you for saying this..

Just like Trump

I don't have anything against these people
But the 'inspirational' stories they sell is revolting

You have to have money to make more money

And if you were poor and you hit the jackpot
You were just damn lucky

Aquariann:


Exactly. These people keep shouting monopoly here and there, but has the government stopped anyone from venturing into cement production?

There's abundance of limestone everywhere you turn to in Nigeria, yet these folks would rather import finished cement from Asia (branding it their names) than set up factory, which is better in the long run for the economy.

Only God knows what the price of cement would have been if importation wasn't banned with this dollar wahala.

Talking about monopoly, I can name the following cement manufacturers in Nigeria other than Dangote
1. Bua cement (Edo state)
2. Sokoto cement (Northern Nigeria cement company)
3. Unicem (Akampka, Cross River, more expensive than Dangote and predominant/preferred in the South-East)
4. Gwana Cement (Bauchi state)
5. Lafarge cement (Ogun state)
So with these other players, how has dangote monopolised cement production in Nigeria?

Dangote tried his hands in Noodles production but failed. Thanks to Indomie's aggressive marketing strategies, Dangote was forced to sell Dangote noodles to Indomie because they couldn't keep up. But if Dangote had succeeded, these same folks would be shouting monopoly, rather than blame indomie for their failures

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export/Import licenses to stay ahead

freshest4live:

Those wailers would never stop, Dangote is also successful in about 18 African countries and is the biggest business conglomerate in AFRICA, can MONOPOLY alone take one that far

Aquariann:


Yes o.. The DPR issued about 25 licences to individuals who said they could/would set up private refineries in the country. But as at today, only Dangote is building his own refinery. Mind you, 21 of those licences are for modular refineries (i.e not up to Dangote's size, with just 10,000pbd as their refining capacity)

Others, perhaps are waiting for when the FG would auction Ph, Warri and KD refineries so they can bid. Meanwhile these same people Have started shouting he has the monopoly of building a refinery.

Ugosample:


What is this one saying?

Is Dangote the only beneficiary of government patronage?

Igbos especially under Obj also benefited from patronage as well
Ifeamyi Uba is also a beneficiary of patronage

Same with other tribes in Nigeria as well (Yorubas especially eg Otedola)

Yet out of all of them, Dangote stands out.

You have to give him some credit, as the biggest single employer of Labour in the private sector

MrAmbition:
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freshest4live:

What they fail to ask themselves is this... if Dangote have only been successful via monopoly then why did he fail with noodles in Nigeria, and why does he fear the telecommunication sector because he has little knowledge of it compared to other top players

Aquariann:


Typical African (or is it Nigerian) victim mentality. It's easier to blame your succeeding/successful neighbour for your failures than try to copy his tried and tasted working template. Or seek the right counsel.

Dangote doesn't just follow the crowd. Everyone in the oil sector was using the easy route of importing. He chose to best route which is to refine locally. Everyone once imported cement, he chose to manufacture.

He now plans now to set up a private university focused on technology research or something like that.

This is a niche I've always wondered why no one wanted to invest in. i.e rather than just follow the band wagon setting up conventional universities with everyday courses, someone should invest in Specialist university.

What I had in mind was even a university of say (strictly) medicine, medical science and drug(including cancer) research sort off. Just think of the huge profits from educational and medical tourism both from Nigerians and foreigners. Nigerians wouldn't have to visit india or John Hopkins

freshest4live:

Thank you Jarry, most Nigerian Billionaires don't think out of the box, maybe due to the quick oil money available.

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export/Import licenses to stay ahead

ITbomb:
5th Lesson
Use your Northern connections to bend policies to suit you so that you can create a monopoly and control production.
Meanwhile encourage people to use your "500k investment capital from your uncle" story to deceive youths who do not know that a brand new car then was less than 10k which approximate value today is not less than 5m.

Which means your uncle gave you about N500m today's worth of cash plus free Export/Import licenses to stay ahead

Mopolchi:
This man can't be poor in his lifetime.