9jaRealist:


Virtually everyone else’s net worth dropped during the Great Recession. The German billionaire Adolf Merckle even committed suicide.

Nonetheless, the devaluation of the naira against the dollar (from about N198/1 to N367/1) meant a corresponding devaluation in Dangote’s naira-valued assets (including the publicly-traded Dangote Cement, Dangote Sugar, Dangote Flour and NASCON salt). Most wealth these days are not brick-and-mortar but paper valuation.

Ultimately, Dangote’s business “genius” is not necessarily of an intellectual nature but the capacity to see opportunities where most Nigerians whine and bitch about challenges, the ability to follow-through to completion (there were about 28 licenses for private refineries issued BEFORE Dangote’s - going all the way back to the Obasanjo administration), and the ambition to dare for the biggest and.or the best - unlike many other Nigerians and Nigerian businesses who seem to operate under the mindset that Nigerians are the children of a lesser God.

So you now agree that Buhari ushered in another recession.

Case closed.

yemi15:


Unfortunately, AtikuObi, the so-called alternative is talking of privatizing everything. The GSM they privatized, there is a whole lot of problems with them. We should not even talk about the Electricity one SMH. Some things are supposed to be government owned, electricity and crude oil (especially for an oil country) are those. If the Nigerian factor called nepotism is that bad, a government with political will can outsource the recruitment to a company like Dragnet who will absolutely hire people on merit. Elimination of nepotism does not have to be for all sectors, just the electricity and crude oil ones and this country will be so much better. My 2 cents.

only God can solve Nigeria matter

Gerrard59:


It means "not being surprised about something you're sure of".

I knew before now (through understanding of basic economics) that Dangote will not sell at subsidised prices, so reading this news is not surprising to me. Hence, anyone can colour me surprise.

Ok , thanks.

GenSpecifics:
[s][/s]
Your level of slavery can reach crude oil depths

sorry bro...you are talking like a retard.

StrikeBack:
Hp envy 360 core i5- 5200U
8gb ram 500gb
Touch screen
Keyboard light
3 hours battery life
2 hours plus for media
Screen size 15.6
Windows 10 Home
Clean ...
2.20GHZ speed

How much?

santopelele:
this man (dangote) will buy nigeria and everything (including u) in this shithole.
if dangote can build 1 standard refinery, what stops the federal govt frm building 10 of it.

Lack of incentive
What you should ask is what stops the governors ministers senators reps and commissioners from building refineries with their loot instead of hotel and event Centre

ame to our politicians