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Obasanjo Made Telecoms Business Thrive, Says Dangote by Dotng: 6:13am On Apr 11, 2018
Obasanjo made telecoms business thrive, says Dangote



Africa’s richest man and President of Dangote Group, Aliko Dangote, said telecoms business in Nigeria thrived because of the initiative of former President Olusegun Obasanjo.

Dangote said this at a business conference organised by the Gateway Partners in Singapore. The video of the conference was posted on Youtube and Facebook on Tuesday.



The billionaire said government policies could either help businesses to grow or kill them.

He, therefore, stated that it took the creativity of Obasanjo to give telecoms companies a tax holiday before they could make profit.

Dangote added, “The telecoms industry wouldn’t have been successful especially in Nigeria when they came in. In Nigeria, we have a tax rule in which we don’t offer any tax holiday or any incentive to services but President Obasanjo was very very creative. That is the truth, not because he is here. I didn’t even know that he was here.

“There was a claim that there would not be any profitability and he said you know what, ‘I am going to give you a five-year tax holiday’ even though it was not in the tax law but as a President he had the prerogative of approving a tax holiday which he did and that was what even allowed them to come in because the calculation was that the entire country, both land and mobile, we had 500,000 lines in 2000 and today, you are talking about 147 million lines.

“So, it depends on the government of the day, it depends on what you can convince them to do and what they are trying to do.”

Meanwhile, Dangote is expected to hold a town hall meeting with the Chairman of Econet Wireless and billionaire businessman, Strive Masiyiwa, at the Obasanjo Presidential Library in Abeokuta.

Masiyiwa said in a Facebook post that they would attend the town hall meeting to discuss the future of African youths.

Obasanjo, who has been advocating for greater youth participation in politics, was said to have convinced the two billionaires at a business conference organised by Gateway Partners in Singapore.



Masiyiwa said, “Mr. Dangote and I have accepted an invitation from former President Obasanjo (who also attended the meeting in Singapore) to hold a town hall meeting in Nigeria in which he will moderate a discussion between the two of us on how Africa can help its young entrepreneurs.

“It will be held at his library in Nigeria, but will be broadcast live. We just have to find a date in our respective schedules. Hopefully we can do it this year.”

Meanwhile, the Coalition for Nigerian Movement led by Obasanjo has slammed President Muhammadu Buhari for seeking a second term in office.

The spokesman for the CNM, Akin Osuntokun, told our correspondent that Buhari had done nothing to deserve a second term.

He said, “He would be required to clearly enunciate the record on which he wants to run for second term. He would have to clarify how his incumbency and the APC government has proven a better alternative to the PDP and President Goodluck Jonathan with whom they steadfastly compare record of failures – not achievements.”


http://punchng.com/obasanjo-made-telecoms-business-thrive-says-dangote/

3 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by xreal: 6:14am On Apr 11, 2018
Ebora owu.

7 Likes 1 Share

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by hatchy(f): 6:20am On Apr 11, 2018
Yea! That is just the plain truth...like it or leave it, Obasanjo is a true and tactical leader with focus. His eight years brought so many positive changes in our national life.

Buhari even if given fifty years will not achieve what Obasanjo achieved in his eight years in power. A foolish and idiotic president who openly said he doesn't know how to make money is not fit to handle a complex economy of Nigeria.

Buhari has never written a book in his life,never delivered any intellectual speech and had never employed people...this man is a certified dunce.

56 Likes 4 Shares

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by jerryunit48: 7:55am On Apr 11, 2018
It’s true but I think he got his shares too ... but the fact is that at the pace mobile telecommunications was spreading up it was just a matter of time before it gets to Nigeria even if he had wanted it or not China would have still penetrated Nigerian market with their cheap GSM

4 Likes 2 Shares

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Ekiseme(m): 7:56am On Apr 11, 2018
True that.
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Injiggerwolf(m): 7:56am On Apr 11, 2018
Gs
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Oluwaseyi456(m): 7:57am On Apr 11, 2018
Is that an achievement?
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by dreamwords: 7:57am On Apr 11, 2018
lienus
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by NaijaMutant(f): 7:57am On Apr 11, 2018
Buhari will soon destroy it.

4 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Ikwokrikwo: 8:00am On Apr 11, 2018
Oluwaseyi456:
Is that an achievement?
What is an achievement my Yoruba Muslim brother? Is it making cattle business to thrive by sponsoring the killing of farmers all over Nigeria?

36 Likes 2 Shares

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Hienzy(m): 8:00am On Apr 11, 2018
thrive you say! its more like he slammed Nigerians with second hand..
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by obaataaokpaewu: 8:01am On Apr 11, 2018
The company this government gave a tax holiday turned out to be a "not serious" one. TSTV grin grin

5 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by overhypedsteve(m): 8:01am On Apr 11, 2018
Uhv
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by DonVikings: 8:01am On Apr 11, 2018
Obasanjo remains the best President we ever had. Argue with your ancestors if you disagree.

15 Likes 1 Share

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Xisnin(m): 8:02am On Apr 11, 2018
jerryunit48:
It’s true but I think he got his shares too ... but the fact is that at the pace mobile telecommunications was spreading up it was just a matter of time before it gets to Nigeria even if he had wanted it or not China would have still penetrated Nigerian market
Which country has Chinese telecommunication companies penetrated?

11 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Abagworo(m): 8:03am On Apr 11, 2018
hatchy:
Yea! That is just the plain truth...like it or leave it, Obasanjo is a true and tactical leader with focus. His eight years brought so many positive changes in our national life.

Buhari even if given fifty years will not achieve what Obasanjo achieved in his eight years in power. A foolish and idiotic president who openly said he doesn't know how to make money is not fit to handle a complex economy of Nigeria.

Buhari has never written a book in his life,never delivered any intellectual speech and had never employed people...this man is a certified dunce.

What Obasanjo did in Telecoms, Buhari has done in rice which is even better.
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by IdJack(m): 8:04am On Apr 11, 2018
This is very true.
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by hotwax: 8:05am On Apr 11, 2018
Xisnin:

Which country has Chinese telecommunication companies penetrated?

Abi ooo...Some dunce with internet access commenting.

I think Internet access should be restricted based on intellectual grades

9 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by jerryunit48: 8:05am On Apr 11, 2018
Xisnin:

Which country has Chinese telecommunication companies penetrated?
am talking of GSM
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by SoNature(m): 8:05am On Apr 11, 2018
I like Obasanjo for not just being detribalized but also for his jokes.

I learnt Buhari wants to be funny too but he cracks dry jokes.

Insiders say that his aides just laugh at Buhari's dry jokes because they don't want to lose their jobs. grin

14 Likes 1 Share

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by knuckbuck(m): 8:06am On Apr 11, 2018
"PDP no do'' but atleast we still see what they did on ground. What has APC done?

1 Like

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Ikebesupa(m): 8:06am On Apr 11, 2018
Dangote! I beg you in whatever you believe in, go get yourself SUIT and stop wearing coat. You got to be looking sharp bruh
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Jsucre(m): 8:07am On Apr 11, 2018
Oluwaseyi456:
Is that an achievement?
you don't know what achievement is?

2 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Jsucre(m): 8:08am On Apr 11, 2018
Ikebesupa:
Dangote! I beg you in whatever you believe in, go get yourself SUIT and stop wearing coat. You got to be looking sharp bruh

aboki spirit no dey comot easily.

2 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by seyigiggle: 8:08am On Apr 11, 2018
what has our incorruptible commando made thrive?

1 Like

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Jsucre(m): 8:10am On Apr 11, 2018
knuckbuck:
"PDP no do'' but atleast we still see what they did on ground. What has APC done?

APC has done many things, npower, pain,money devaluation and the likes

1 Like 1 Share

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Jsucre(m): 8:11am On Apr 11, 2018
Abagworo:


What Obasanjo did in Telecoms, Buhari has done in rice which is even better.

China rice or plastic rice?

3 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by israelmao(m): 8:11am On Apr 11, 2018
Yes Obasanjo broke the monopoly in telecommunication but Bubu is a specialist in bringlng down well-built structure.

4 Likes 1 Share

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Jsucre(m): 8:12am On Apr 11, 2018
DonVikings:
Obasanjo remains the best President we ever had. Argue with your ancestors if you disagree.

with time them go know his value.

2 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Xisnin(m): 8:16am On Apr 11, 2018
jerryunit48:
am talking of GSM

What is GSM?
I think your comments were based on ignorance of the telecom sector.

3 Likes

Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Nigeman: 8:16am On Apr 11, 2018
Jsucre:


APC has done many things, npower, pain,money devaluation and the likes

Dry Joke
Re: Obasanjo Made Telecoms Business Thrive, Says Dangote by Nobody: 8:17am On Apr 11, 2018
Dotng:
Obasanjo made telecoms business thrive, says Dangote



Africa’s richest man and President of Dangote Group, Aliko Dangote, said telecoms business in Nigeria thrived because of the initiative of former President Olusegun Obasanjo.

Dangote said this at a business conference organised by the Gateway Partners in Singapore. The video of the conference was posted on Youtube and Facebook on Tuesday.



The billionaire said government policies could either help businesses to grow or kill them.

He, therefore, stated that it took the creativity of Obasanjo to give telecoms companies a tax holiday before they could make profit.

Dangote added, “The telecoms industry wouldn’t have been successful especially in Nigeria when they came in. In Nigeria, we have a tax rule in which we don’t offer any tax holiday or any incentive to services but President Obasanjo was very very creative. That is the truth, not because he is here. I didn’t even know that he was here.

“There was a claim that there would not be any profitability and he said you know what, ‘I am going to give you a five-year tax holiday’ even though it was not in the tax law but as a President he had the prerogative of approving a tax holiday which he did and that was what even allowed them to come in because the calculation was that the entire country, both land and mobile, we had 500,000 lines in 2000 and today, you are talking about 147 million lines.

“So, it depends on the government of the day, it depends on what you can convince them to do and what they are trying to do.”

Meanwhile, Dangote is expected to hold a town hall meeting with the Chairman of Econet Wireless and billionaire businessman, Strive Masiyiwa, at the Obasanjo Presidential Library in Abeokuta.

Masiyiwa said in a Facebook post that they would attend the town hall meeting to discuss the future of African youths.

Obasanjo, who has been advocating for greater youth participation in politics, was said to have convinced the two billionaires at a business conference organised by Gateway Partners in Singapore.



Masiyiwa said, “Mr. Dangote and I have accepted an invitation from former President Obasanjo (who also attended the meeting in Singapore) to hold a town hall meeting in Nigeria in which he will moderate a discussion between the two of us on how Africa can help its young entrepreneurs.

“It will be held at his library in Nigeria, but will be broadcast live. We just have to find a date in our respective schedules. Hopefully we can do it this year.”

Meanwhile, the Coalition for Nigerian Movement led by Obasanjo has slammed President Muhammadu Buhari for seeking a second term in office.

The spokesman for the CNM, Akin Osuntokun, told our correspondent that Buhari had done nothing to deserve a second term.

He said, “He would be required to clearly enunciate the record on which he wants to run for second term. He would have to clarify how his incumbency and the APC government has proven a better alternative to the PDP and President Goodluck Jonathan with whom they steadfastly compare record of failures – not achievements.”


http://punchng.com/obasanjo-made-telecoms-business-thrive-says-dangote/




By selling us simcard made of plastic n silicon for 33k

Abi by selling is basic phones like Alcatel, Samsung true eyes n Nokia 3310 for over 30k

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