₦airaland Forum

Aaaa

Everything is not working under Buhari

Who is this federal government?

No be Dangote?

Thankfully, as SocialJustice informed me, and which I hope is true for this instance:

SocialJustice:
Dangote that only lists like 15% of his company publicly.

Citation required.

"For the Dangote refinery, we are not taking government money to buy it, which is the mistake that people are making. We are borrowing on the back of the cash-flow of this business. We know that this business is viable, it will work and it will return dividends. It has a cash-flow that is sustainable because refinery business, in the short term, will continue to be sustainable. That’s why banks have come forward to lend to us, so we can take equity in this.

“We are very proud that we did this. This is good for our shareholders, which includes all 200 Nigerians who will also be happily buying shares from this company if they had the opportunity. But now we have done on their behalf, so that ultimately the value will come to all of us.

“But there is no way you can watch a business of this magnitude, of this sensitivity, to run without the involvement of the national oil company. No country does this.”
https://www.channelstv.com/2021/06/29/why-nnpc-is-borrowing-to-acquire-20-percent-equity-in-dangote-refinery-mele-kyari/amp/

I'm certain Mr Mele Kyari meant 200 million Nigerians, but he should consider letting those who wish to buy shares in Dangote do so as private citizens, as government hand tends to soil private venture.

When we say Dangote refinery is the new Ajaokuta we might just be right ooo...If Jonathan was president that refinery would be working now ;;;FACT!!!!!!!

I'm tired of this country

budaatum:
Thankfully, as SocialJustice informed me, and which I hope is true for this instance:

Citation required.



I'm certain Mr Mele Kyari meant 200 million Nigerians, but he should consider letting those who wish to buy shares in Dangote do so as private citizens, as government hand tends to soil private venture.

Dangote Industries Limited owns 85% of Dangote cement. The refinery is a private company and I do not know the shareholding.

[s]

FarahAideed:
When we say Dangote refinery is the new Ajaokuta we might just be right ooo...If Jonathan was president that refinery would be working now ;;;FACT!!!!!!!

[/s]

like $2b worked and bought arms for the army?

Like the army worked and chased away BH?

Like PHCN worked and solved all our power problems?

Like Second Niger bridge worked?

Like subsidy worked?
Like the refineries worked?

I know shame is missing in the lexicon of many Jonathan's supporters, that is why they misspeak at any opportunity.

Now this is highway robbery, forcing Dangote to sell 20% of his shares to NNPC.This will discourage investors to invest in Nigeria.