Truer words have never been said!

And you think Aliko is the only one financing that project? think again .Hes not even the owner of 70 percent of Dangote cement

Amotolongbo:
Hmmm

Now I understand the difference between a man who borrowed from bank to finance his project and another one who depends on other people’s gift and offering to finance his project.

Dangote’s worth is $14billion while the cost of Dangote’s refinery is about $19billion

He is saying rubbish.

There are some businesses that are extremely dependent on debt or leveraging. One is the real estate market for instance,

In America for instance, you can buy a property with 10% down. So. let's say you purchase a property for $100m. You put only $10m.

The rent takes care of mortgage interest. You now decide to sell the property after 2 years for $115m. You have made $15m profit with only $10m. There are even instances you don't put any money down as long as you can service the mortgage, you're good. So, you make $15m with no money down at all. That is making money from thin air.

The petroleum industry I have learned in Nigeria is highly leveraged. Turnover is where the profit is. Imagine you borrow 10billion to import diesel and you sell it at 10.8bn, you've made 800m profit. Imagine you do that 4 times a year? That is 3.2bn for you. At times, you've sold the product before it even reaches the port.

Oyedepo should focus on preaching salvation instead of prosperity, especially in today's world, where worrying dark clouds are becoming frequent

Could Jimoh Ibrahim fall into that category?

ok

Ochelyko1:


I like ur analogy, who borrowed is far far better than someone who milk others to become Rich.

He no put gun for their head o.. Leave baba make him enjoy. If e easy open your own ,then try milk members.. Cowbell milk

Being a debtor is a terrible thing

You go think say some "rich" people are stingy but them they reason loans wey dem dey service wey pass their net worth.

Amotolongbo:
Hmmm

Now I understand the difference between a man who borrowed from bank to finance his project and another one who depends on other people’s gift and offering to finance his project.

Dangote’s worth is $14billion while the cost of Dangote’s refinery is about $19billion

Stupidity being referred to here. Dangote singlehandedly owns Dangote refinery right? You'll just be looking for excuses no matter how stupid to discredit a thought because you don't buy the one airing it.

BIG TALK!!!

quote author=Amotolongbo post=111000423]Hmmm

Now I understand the difference between a man who borrowed from bank to finance his project and another one who depends on other people’s gift and offering to finance his project.

Dangote’s worth is $14billion while the cost of Dangote’s refinery is about $19billion[/quote]

Tell this to MTN who borrowed billions in 2002 and payed back having hundreds of billions in profit!

Everyone knows where his or her shoe is tight. This preaching isn’t the word of God. Leave finances for economist!

30 years ago, was his preachings centered on this?

He is referring to the BORROW POSE gang in NIgeria and they are legions.

The things of God is like foolishness to the carnal man. There are indeed heights and depths in Christ. Only the wise will understand.

The way I love this man

2mercy:


https://pmnewsnigeria.com/2022/03/11/wealthy-people-with-n1bn-worth-but-owing-banks-n10bn-are-stupid-oyedepo/

how would you owe anyone when you are recieving tithe and offering first fruit, seed, building levy, did you build any business with your sweath. Nonsense

IbileIfe:
He is referring to the BORROW POSE gang in NIgeria and they are legions.

But a man of God should bring people to the fold, not chastise or insult them! My opinion though

Some people make borrowing a way of life, it's a sickness. Even when they have the money at hand they still prefer to buy on loan.
You have #100k in your account and you can't buy a phone of #30k freely without loan. why?

To sum:

Cut your ankara according to your cloth.

Don't overdo to impress like many of our celebrities

2mercy:


https://pmnewsnigeria.com/2022/03/11/wealthy-people-with-n1bn-worth-but-owing-banks-n10bn-are-stupid-oyedepo/

What wisdom? The only gospel in his mouth is money. Anyone who follows this man is in for a loooooooong thing.

The Bishop was referring to people who buy cars and consumables with loans.

More like civil servant kind of Loan

The second side of it is that for business purposes, these loans are not technically loan. They are transfer of capital.

A networth is asset less liability(loan) i.e bet worth = Assets —loans.
So for Dangote, whose net worth is $20bn now, his assets maybe $200bn and his loans 180bn.
Net Worth = 200bn —180bn = 20bn

You Gerrit?

grandstar:
rubbish

Rubbish? Maybe you don't know the meaning of rubbish or you are just too eaten up by hatred that you hate to hear the truth.

FalseProphet1:
Daddy Oyedepo is absolutely right.

If you subtract all the loans dangote is owing various banks both locally and international from his networth, dangote won't even make it to 1st 100 richest people in Africa.

This I have seen.

Hello!

Before you can join the top richest people, loan must have aided you.

You cannot go tall without loans except you want to settle for average. It’s impossible!

Liars disguising as pastors of the so called political party, Christ-satanic Congress of Hellfire (CCH)

Alayiwola:

And you think Aliko is the only one financing that project? think again .Hes not even the owner of 70 percent of Dangote cement

I believe corrupt politicians launder money through him.

Hmmm.... wisdom indeed .... there are borrowers ... and there are takers. The ones he is calling out .... borrowers. No doubt... he is not in that group... he borrowed nothing owes nothing. But he is in the other group..... amongst soooo many politicians... the group of takers. Maybe next week he'll tell us about this group.

Amotolongbo:
Hmmm

Now I understand the difference between a man who borrowed from bank to finance his project and another one who depends on other people’s gift and offering to finance his project.

Dangote’s worth is $14billion while the cost of Dangote’s refinery is about $19billion

And who told you dangote owns all the money he used in financing it?go look for mou on the project you would understand better

BigYash:
He no put gun for their head o.. Leave baba make him enjoy. If e easy open your own ,then try milk members.. Cowbell milk

He didn't put God on their head but that is a fraud using the name of God. Internet fraudster don't used gun but still they are also fraudster. This ur baba shouldn't be talking at all because we all know how he got his riches.

Someone like Dangote who worked hard and strive hard to do geniue Business to get his money should be the one saying dis not all these fake ass pastors who parade themselves as men of God which are not.

Amotolongbo:
Hmmm

Now I understand the difference between a man who borrowed from bank to finance his project and another one who depends on other people’s gift and offering to finance his project.

Dangote’s worth is $14billion while the cost of Dangote’s refinery is about $19billion

A lot of billionaires are just fortunate slaves actually

He's right though, always live within your means

Yeh! Yeh! MOG...this one loud o! Loud it louder Sire!

Spandau:


What wisdom? The only gospel in his mouth is money. Anyone who follows this man is in for a loooooooong thing.

I think some of you just don't believe a man can be so wealthy yet loving and serving God sincerely.

I was once blinded and made to hate this man so much until I had personal encounters. Look, before you say negative thing about anyone, not just a man of God but anyone, make sure you really have had personal encounters and not saying things based hearsay; only fools, I mean irredeemable fools do that.

He dey talk of him fellow pastor business man wen take loan from bank take build church