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.

huptin:


Let me ask you a few questions:

1. Who is borrowing the US the money they are owing, remember it's their own dollars and they can print it?

2. If the US is the biggest shareholder in the world bank and IMF, and even in the African development bank who then is its own lender?

The US is owing mantra is a myth, it is meant to hoodwink the developing world to take their loans (dollars) which they can print anytime they so wish, and yes they do print it almost all the time.

Please read up about this scam that the US has been perpetrating all along and your perception of this life will change.

Newboss:


Dangote as a person is separate from Dangote plc.

Anyone who understands how companies work should know this. How company's net worth is not his net worth.

A company can take loan in its own capacity using its assets as guarantee.

Amotolongbo:
Hmmm

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

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

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

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.

Strongbest:

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.

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.

Ochelyko1:


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

kingjizz:


Nigerians really are stupid

Oyedepo knows nothing about business ..A man that just sit and make millions from poor nigerians using the name of God and silly nigerians are busy listen to ( trash )

Business is risk and you have to take that risk to make it..Or is he indirectly tell us that he's church is a family business?

Religion has finished africa

huptin:


Let me ask you a few questions:

1. Who is borrowing the US the money they are owing, remember it's their own dollars and they can print it?

2. If the US is the biggest shareholder in the world bank and IMF, and even in the African development bank who then is its own lender?

The US is owing mantra is a myth, it is meant to hoodwink the developing world to take their loans (dollars) which they can print anytime they so wish, and yes they do print it almost all the time.

Please read up about this scam that the US has been perpetrating all along and your perception of this life will change.

Amotolongbo:
Hmmm

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

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

Tonytonex:
So, which of the two categories do you fall into? And what is your worth?

Tonytonex:
you know nothing .you too can go and milk people to get rich or don't you want to become rich?

skj1377:
He borrowed more than his networth to finance a business and you think that is smart. Another delay due to war and that project will consume all his wealth. Banks Dont care why you can't repay your loan even if it's obvious. .

Strongbest:




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.

Ayemileto:


Based on the full article, I don't think it applies to business men (like Dangote) because they aren't doing big boy around town, and they are not using the loans to purchase liabilities. Instead, they are investing with it.

---

As for the cost of Dangote refinery, I don't know of banks that borrow people more money than their collateral sha. Maybe they exist and I just don't know.

But, as at when Dangote started his refinery, the cost was supposed to be $8billion (I saw it in newspapers then). I don't know if they changed the initial plan for the cost to have jumped so high, or maybe it's because of inflation.

But, I think the $19billion tag placed on the refinery might be to avoid questioning on the $3.2billion NNPC paid for 20% stake.

Let's not also forget FG sells forex to Dangote at a cheaper rate because of the refinery. So, it might as well be to get much more forex out at a cheaper rate.

What I'm saying is that, it might not cost up to the $19billion price tag. The price could have been inflated for several reasons.

Amotolongbo:
Hmmm

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

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

Davemarine:



Mumu, let's say you're right.
Did Dangote borrow the whole $19b?

Amotolongbo:
This is a typical poor man mentality!

Ochelyko1:


God forbid that I do such a thing. What is the difference between Yahoo Yahoo and church business in Nigeria? Am a believer ooo but I tell u all the denomination Churches in Nigeria are nothing but pure family business.

If u think is a lie go and find out in CAC.

Jesus said it will be more difficult for a Rich man to enter the kingdom of heaven than for a calmel to go through the eyes of the Needle.

E get y Jesus say so. I want to be rich but not this kinds of riches bro and sis what ever u are.

Spandau:


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

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.