“Dangote model will likely be the one most emulated until its beggar-thy-countrymen contradictions become more apparent.”

OYINDAMOLA OLUBAJO


The United States described the Dangote Group of Companies’ business strategies as disastrous to the Nigerian economy.

Owned by Africa’s richest man, Aliko Dangote, it is the largest conglomerate in West Africa with over 30,000 employees.

A report published in 2010 on Wikileak’s website said even though Dangote played a major role in Nigeria’s economy, “many products on the country’s import ban list are items in which it has major interests.”

“Although an undiluted success in terms of wealth accumulation, Dangote personifies the duality in Nigeria’s economy,” the American government said while maintaining that the duality “presents a dilemma for country’s economic policy.”

It accused Dangote Group of blocking investment that the company may see as major competitors, noting that “Weighing everything in the balance, we believe the Dangote model is harmful to Nigerian and American interests in the long run.”

The American government further warned, “Unfortunately, the Dangote model will likely be the one most emulated until its beggar-thy-countrymen contradictions become more apparent.”

It is safe to say the assertion of the U.S. government has been evident in some of the tactics employed by the conglomerate.

Dangote Group faced wide criticisms in the past years over what detractors described as favouritism from the Nigerian government.

The company faced backlashes after it called for a total ban on tomato importation in 2019 when it started its tomato processing subsidiary.

Barely two weeks ago, the conglomerate proposed a provision in the Petroleum Industry Bill (PIB) seeking to ban the importation of oil by companies without refining licences, which according to the company, will help spur investments in Nigeria’s oil and gas industry.

Dangote also recommended that the volume of fuel imported should be distributed according to what each refinery produces.

Aliyu Suleiman, a chief strategist at Dangote, suggested the anti-competition approach during a visit by members of the National Assembly’s joint committee on PIB to the company’s project site.

The group proposed that only companies with licences to refine crude oil should import fuel whenever demand surpass available fuel or when a refinery is undergoing maintenance.

The recommendation came at the time Dangote Group was on the verge of completing a 650,000 barrels-per-day refinery in Lagos.

Financial experts, however, said the Dangote refinery should not be allowed to become a monopoly in the manner of the state-run NNPC, although it remained unclear how the conglomerate would be prevented from holding a monopoly if the controversial clause makes it into the PIB.

This is also evident in the reopening of land borders to Dangote Group in November last year, when it was allowed to transport its products to neighbouring West African countries.

Nigeria had shut its land borders in August to give room for the consumption of home-grown products, but the access granted to the company was said to be based on an authorisation issued by the President Muhammadu Buhari-led administration.

A businessman and founder of Stanbic IBTC, Atedo Peterside, faulted the move.

He asserted that it portrayed Nigeria’s economy as favouring only the well-connected.

“Allowing legitimate exporters and importers to move their goods across the border should be a no-brainer,” Mr. Peterside said in a tweet.

“Why refuse everybody else and allow only one company (Dangote)?”

He added, “This is why some of us argue that the Nigerian economy is rigged in favour of a handful of well-connected persons.”

A spokesman for Dangote Group Tony Chiejina declined repeated requests for a reaction to the damning allegations, insisting instead that our reporter should visit him at the company’s headquarters in Lagos before comments could be provided.

https://peoples-gazette.com/dangotes-business-tactics-harmful-to-nigerian-economy-u-s/

Dangote has turned himself to a very sadistic capitalist.

Man is ready to impoverish the whole of Nigeria if it will give him more money.

Just like Bill Gates that is ready to infect the world with a deadly virus so he can sell vaccine.

BUA CEO was accusing him the other day of being the reason that cement is still expensive in the country. He wouldn't allow govt throw the sector open to numerous investors.

Now he's building refinery and he is already suggesting that only those with refinery license should be allowed to import fuel so that he can tighten the sector and sell a litre at #500.

The next Southern president should stop that man. Especially the cement industry. It should be thrown open to all interested investors.

He is a northerner so it is expected, I only blame Aphonjaz for supporting and installing a dullard that doesn't care one bit about them. Tinoubou will feel the heat by the time they are through with him.

lol one man holding full country to ransom.

Go read about Rockefeller...
He knows his time is limited

Same US that cannot curb Jeff Bezos and Walton family

Gibberish, bunkum and balderdash.

Same America where 1% call shots for 99%

Next topic please!

Penguin2:
Dangote has turned himself to a very sadistic capitalist.

Man is ready to impoverish the whole of Nigeria if it will give him more money.

Just like Bill Gates that is ready to infect the world with a deadly virus so he can sell vaccine.

BUA CEO was accusing him the other day of being the reason that cement is still expensive in the country. He wouldn't allow govt throw the sector open to numerous investors.

Now he's building refinery and he is already suggesting that only those with refinery license should be allowed to import fuel so that he can tighten the sector and sell a litre at #500.

The next Southern president should stop that man. Especially the cement industry. It should be thrown open to all interested investors.

You are not brilliant a bit.

All of what you composed are beer parlor analysis.

HacheNoire:
Same US that cannot curb Jeff Bezos and Walton family

Gibberish, bunkum and balderdash.

Same America where 1% call shots for 99%

Next topic please!

Unrelated, uneducated, and uninformed lame examples.

eagleu:


Unrelated, uneducated, and uninformed lame examples.

If you don't know shit just shut up.

US can shut the hell up Rn.

It is not true

Dangote businesses are not harmful to Nigeria. He is creating jobs, producing quality products and contributing to national GDP.

Maybe harmful to US interests because some of the stuffs he produces can't be imported into Nigeria but why should Nigeria care about that?

Everyone should care about their own country first according to a certain Donald Trump

eagleu:


Unrelated, uneducated, and uninformed lame examples.

smh!

Penguin2:


The next Southern president should stop that man. Especially the cement industry. It should be thrown open to all interested investors.

Is the cement industry not open to all interested investors?

As far as I know we have
BUA Group which is investing massively in cement
Elephant
Ashaka
Nkalagu

How is the industry closed to interested investors ?

megacity:
It is not true

This is so true...

Karlovych:
He is a northerner so it is expected, I only blame Aphonjaz for supporting and installing a dullard that doesn't care one bit about them. Tinoubou will feel the heat by the time they are through with him.

We know it's jealousy that drives most of you people comment when it comes to yorubas

You had your time under PDP , allow yoruba rest....

We also know you will die if you don't mention Tinubu one day , run quick go open Tinubu thread before the sun sets on the day and on your miserable existence

Dangote used to be my role model till I studied deep into his business ....baba knows almost nothing about business ...just believe in controlling government to his favor

Most of his real business with competition failed

Sugar ? He was sacked by the new owners
Noodles ? We all know
Pasta ? Flop
Tomatoes ? Flop

Rifinary is the most difficult business to run , so that's why he inflated the project cost by over 100 percent , CBN sold him dollar at almost 70% less than market price ( in the real sense Nigeria contributed 50% of the rifenery project ) ....the real money is in petrochemical .... would Nigeria kill eleme petrochemical for dangote ? Let's watch and see

Difrent:


We know it's jealousy that drives most of you people comment when it comes to yorubas

You had your time under PDP , allow yoruba rest....

We also know you will die if you don't mention Tinubu one day , run quick go open Tinubu thread before the sun sets on the day and on your miserable existence

Not surprised one bit, cowardice runs in a typical westerner. No wonder your people are now refugees in Benin Republic

Karlovych:
Not surprised one bit, cowardice runs in a typical westerner. No wonder your people are now refugees in Benin Republic

Mtooor

You jealous yoruba so tey you still dey jealous us say some of our people seek refuge in benin....you wish you were the ones seeking refuge in cameroun or israel just to spite YORUBAS

Jealousy go kill you . I remind you once again , run go open Tinubu and yoruba thread or you may not live to see another day

Who doesn't know, a business model inimical to giving others equal competitive chances but skewed everything to favor Dangote obviously can't encourage others to thrive leading to monopolistic tendencies and arbitrariness in pricing fixation

About time I stop patronizing products of this fake woman wrapper billionaire

Difrent:


Mtooor

You jealous yoruba so tey you still dey jealous us say some of our people seek refuge in benin....you wish you were the ones seeking refuge in cameroun or israel just to spite YORUBAS

Jealousy go kill you . I remind you once again , run go open Tinubu and yoruba thread or you may not live to see another day

.

Cowardice in whatever form is not acceptable, except for women and children

Economics should not be based on religion, tribe, or ethnicity, but in Nigeria people who don't understand economics think it is a weapon of choice to fight competing tribes. The result is that at the end even your favorite ethnic company like Dangote will suffer the consequences of myopic economic planning.

Igbochief001:
Dangote used to be my role model till I studied deep into his business ....baba knows almost nothing about business ...just believe in controlling government to his favor

Most of his real business with competition failed

Sugar ? He was sacked by the new owners
Noodles ? We all know
Pasta ? Flop
Tomatoes ? Flop

Rifinary is the most difficult business to run , so that's why he inflated the project cost by over 100 percent , CBN sold him dollar at almost 70% less than market price ( in the real sense Nigeria contributed 50% of the rifenery project ) ....the real money is in petrochemical .... would Nigeria kill eleme petrochemical for dangote ? Let's watch and see

Difrent and hachenoir. React to this constructively. You can link this to Jeff bezoz since u claim they are related.

I'm also of the opinion Dangote has undue advantage over competition as alleged in the report. Not good for the economy. I wonder if another investor will get the kind of support the Nigeria govt is giving to his refinery via CBN. (Even when the Nigerian owned refineries are left to rot and new ones not in the cards.) He also got this in cement when some other investors were shut out. In tomatoes, he called for total ban of imports when he started production.

Everything mustn't be skewed for him to thrive.

I provide working paypal account that you can you use to send, receive and make payment on any platform that supports PayPal account, that will work well in Nigeria. You can actually enjoy the features and use PayPal in Nigeria perfectly without difficulty, all you need is to know how to use PayPal in Nigeria.I will teach you how to be withdrawing your money from PayPal to your ATM card here in Nigeria, then cash out your money from ATM .


If you need PayPal account you can contact me let deal. My WhatsApp contact is 0-7-0-6-3-3-7-4-1-5-9.
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Your satisfaction is my priority

"Dangote model will likely be the one most emulated until its beggar-thy-countrymen contradictions become more apparent.

dangotes-business-tactics-harmful-to-nigerian-economy-u-s".



AMERICA AND OR NIGERIA, IT IS A VICIOUS IDENTITY CIRCLE AROUND DANGOTE.

THE WAY TO KEEP HIS STATUS VIS-A-VIS THE JEFF BEZOS AND THE BILL GATE OF THIS TIME,

IS TO LIVE TO DEVELOP

NAIRA AND PROPERTY VALUE SYSTEM IN NIGERIA.

Difrent:


Is the cement industry not open to all interested investors?

As far as I know we have
BUA Group which is investing massively in cement
Elephant
Ashaka
Nkalagu

How is the industry closed to interested investors ?

.

Nigeria has the highest prices for a bag of cement in world ,this in a country which is manufacturing cement.
The cement industry has become cartelized in this country led by chief cartel Dangote.

HacheNoire:


You are not brilliant a bit.

All of what you composed are beer parlor analysis.

And yours is a brilliant rebuttal? Enlighten us oh intelligent one.

HacheNoire:


smh!

That person is a reason why many brilliant minds are leaving this site. People hiding behind anonymity to argue like Illiterates.

It is a known fact

Total rubbish from the fake news mongers people's gazzette.

If you hold them to the light now, they won't be able to produce any credible US source of this report. Which agency, department or official? Wikileaks is now a US government source? Lol they know they have a lazy, gullible audience that are willing to swallow their lies; hook, line and sinker.

How can any sane Nigerian condemn a project that will create thousands of jobs, end importation of petroleum products and boost our currency to mention a few. How?

They're just intimidated by Dangotes rising profile, especially his upcoming massive mega refinery which is giving them jitters because it is owned by the Hausa Fulani they love to hate and derogate. We see beyond the spurious facade.

They can cry us a lagoon if they wish. There is nothing they can do about Africa's wealthiest man and his great business exploits across the African continent.

if dangote is not checked imminently, Nigerians may never have the opportunity of owing a house

We have said this several times that Dangote's business success is not merely a result of hard work but a result of favoritism. Look at sugar, pasta, flour, cement and the rest of the basic needs, he controls the price and this is very bad! There was a time Dangote wanted to control rice and later tomato paste but thankfully it didn't work for too long. The Northerners are desperate to control food and other basic needs, that's why they will make the market so tight for a Southerner to fairly compete with their almighty Dangote