20 million dollars from monopoly

20 million dollars richer From monopoly and gallivanting round aso Villa.

benjaminlawson:
My worry is this, how would a person become the richest man in Africa, in a country where 133 millions out of about 200 million are poor, how come? But the reasons are simply, it is government made wealth, because monopoly was created for his goods, tax exemption was offered him, since there is no redistribution of wealth from him, he can become Super rich. The money used to build his refinery is government money according to Emefele, who claimed that the man has paid back substantial among of loan offered him, Also NNPC claimed that government has purchased 20% of the shares in his refinery at 2.5 billion Dallas, even without knowing the value of that share. How would he not be the richest man. Even, if a full is offered all the above he can also equal him in term of wealth.

How many billionaires are in America? Over 700! How many poor people dey America? Over 40 million, guess na government and monopoly affect them too

helinues:
Alhaji Dangote no wan drop his first position in Africa. Gbera oketan mula

See healthy competition.. Nice

What's this gibberish
I'm beginning to think you're one of those touts working for MC with the way you write

Kukutenla:

What's this gibberish
I'm beginning to think you're one of those touts working for MC with the way you write

Ooja, and for your mind, you go think say you Sabi Kiss Daniel Buga song lyrics

helinues:


Ooja, and for your mind, you go think say you Sabi Kiss Daniel Buga song lyrics

What is the interpretation of the gibberish you wrote
Just put a meaning to it
Or you think Kiss Daniel just mumbled some jargon?

Solofresh2:
Another person will still overtake him. Nothing lasts forever

The thing pain IPOB no be small

IPOB are always very happy when Negative news is going on

peekspot:


https://www.thecable.ng/bloomberg-index-dangote-becomes-20m-wealthier-maintains-spot-as-africas-richest-man/amp

Dangote trailers crushing transporters, ppl since 1605.... spits....🤨

princeemma69:
what of you or your family members? What stops you from being rich?

You want to know if they are rich so that, you can plan how to kidnap him and his family Abi ?

Solofresh2:
Another person will still overtake him. Nothing lasts forever

Well it won't be you anyway

Ola9ja23:
Would this news make our blodeers from sit at home republic happy 😂🤣😄


Read their comments and pray for them bcs every good news na poison to them

sit at home republic 🤣

SaintLucia:
The richest man in Africa is from the northern part of Nigeria.

The richest woman in Africa is from the southwestern part of Nigeria.

The lousiest and self-acclaimed billionaires in imagination are from the southeastern part of Nigeria. Those ones are into drugs business but always use buying and selling as cover-up but Forbe doesn't recognize them.

Ofcus You must do tribal gbasgbos on this thread You cant live, You can't breathe, You can't eat if You don't do tribal nonsense, d day nairaland puts a check on you tribal bigots, You shall surely die for your life is obviously meaningless without Igbo aaahh, Igbo yoooo, Igbo eeehhh

My name will be mention in something like this in Jesus name. Amen 🙏

Proudlyomonna:


Ofcus You must do tribal gbasgbos on this thread You cant live, You can't breathe, You can't eat if You don't do tribal nonsense, d day nairaland puts a check on you tribal bigots, You shall surely die for your life is obviously meaningless without Igbo aaahh, Igbo yoooo, Igbo eeehhh

yes daddy thank you Obi Pandora taught us tribalism when he labeled ACN a Yoruba party because of Chris Ngige during the governorship election in Anambra

Simple by nature. Yoruba Alhaji go carry 100kg weight of gold plated ring wear for the whole fingers wey don bleach tire In a sane country, dangote should be given a sanction for not using his power to develop his region or even talk sense into them

I know he is not in government, but I still don't understand why Dangote cannot make it a project to eradicate Almajiri from Kano State by supporting quality education for them.

OH GOD MY FATHER, BREAK EVERY CHAIN OF POVERTY IN MY LIFE IN JESUS NAME AMEN.

Congratulations to the big boss

And this article below details how and why the Nigerian quota system billionaire, Aliko Dangote, became Africa's richest man!

*DANGOTE, THE SICK, ADOPTED CHILD OF THE NIGERIAN GOVERNMENT!* (Unknown Author)

Earlier this week, news broke that Aliko Dangote was moving 60% of his family investment to the US.
Two days after, we saw him in Tanzania promising to increase his investment in the country because he wants to support the new president, whose business decisions have been investment friendly.

I am happy for him. He has sense.
But as a businessman, I am not sure Dangote is a model.
Don't take my word for it.

Let the data speak:
In October 2016, Dansa, Dangote's fruit juice company packed up because it wasn't making a profit.
It closed shop, owing its workers 6 months' salary.
He also started a $13 million tomato processing plant in March 2016 and closed shop in August 2017, saying it was because of "importation of tomato paste, shortfall in the supply of fresh tomatoes and power failure."

It is funny that they didn't consider these three factors before commencing.
So they started a tomato farm that will supply fresh tomatoes, then do some kind of backward integration.

After spending $ 3 million to set up a greenhouse, the farm died.
It has been starting and stopping since then.
No money, no tomatoes, no factory.

In November 2017, it was the turn of Dangote noodles to go under.
In his words, they wanted to "focus on pasta and flour."
He sold the noodles factory to his biggest rival, Dufil, makers of Indomie. It was like Coca-Cola buying a Pepsi plant. A business abomination.

Have you ever wondered what happened to Mowa Water, Dangote's bottled water?
Well, it went down with Dansa, or soon after.

Then his Dangote Flour was acquired by Olam in 2019.
He left the noodles business to concentrate on flour. But even the "commitment to flour" wasn't enough to stop Dangote Flour from baking and burning.

At the start of the Ramadan fast, Dangote Sugar wrote a petition against BUA Sugar, asking the FG to place trade sanctions on BUA for *"undermining the National Sugar Master Plan."*
In English, he wanted the FG to tilt the competition in his favor again by grounding BUA.
BUA claimed that he was being blackmailed because he refused to hike sugar prices at Ramadan as Dangote did.

Here is my point: wherever and whenever there is competition, Dangote would either crop out or try to change the business rules in his favor using his government connections.

He couldn't sell *Table water* because he was competing with *pure water sellers;*

He couldn't sell *noodles* because of *Indomie* :

He couldn't sell *Flour* because of *Honeywell, Golden penny etc;*

He couldn't sell *Tomato* paste because of *Derika and other pepper sellers* in the market.

He couldn't sell *Fruit* juice because of *Chivita, 5-Alive etc.*

*Dangote would only do well where Government policy is in his favor and competitors are given a bad hand by Government Regulators.*

I read a Reuters report some years ago (and it's still online) which revealed that at the height of the naira-dollar crisis of 2016, Dangote bought at LEAST USD $161million in hard currency direct from the CBN between March and May 2016. This amount was 90% of all the USD sold by CBN within that period.
All other manufacturers - 2,000 of them - got the balance of 10%.

He bought the USD at the official rate of N197/199 while other businesses purchased from the black market at N320.

Reuters reported that Dangote made over US$100 million from this Forex deal.

Dangote has always been the favorite side chic of every government since the return to democracy.
In 2003, he was alleged to have part-funded Obasanjo's re-election campaign when Atiku was doing anyhow.
Then he befriended Yar'adua, Goodluck, and Buhari.

On the day Goodluck, his former daddy was licking his wounds from the electoral defeat of 2015, Dangote was alleged to be clinking glasses and performing a lap dance for Buhari, his new daddy.

*But why would such a "successful businessman" be thinking of moving 60% of his family investment to the US,* and even adding to his capital investment in Tanzania which is already about $ 770 million?
The answer is in Buhari.

In 2015 when this administration took over, Dangote's net worth was US$17.7 billion.
Right now, it IS US $11.1 billion.
It means that in 6 years of Buhari, he has lost about 40% of his net worth.

Project two years forward:
what would his net worth be in 2023? My projection is that he might be worth AROUND US $8 billion, or less, depending on what happens to his refinery, and what happens in the security milieu.

*With all the favors:*.
>Tax exemptions,
> Special status,
> Forex allocations,
> special limestone mining licenses, etc,
Aliko's money is still melting like cotton candy on a hot summer afternoon.

*He has now activated his Plan B.*
Can you blame him?
Sometime last year a short video was leaked by his side chic and we had the rare privileged of seeing a billionaire butt.
Now we know that even Dangote himself is a side chic, an unfaithful one at that, moving from patron to patron: Obasanjo, then Yar'adua, then GEJ, now Buhari.

On another level, his daddy is Nigeria. Now he has two new daddies: the US, where his funds will be protected from melting, and Tanzania where Madam President will help him recover the 40% that he lost in the hands of the Nigerian economy.
[6/7, 14:06] Sheikh Juma: Those who are in doubt that NNPC funded Dangote Refinery 100% should go and ask Ex-Minister of State Petroleum Dr. Ibe Kachikwu who and who got the $ 25 billion contract that he raised alarm on after he returned from vacation. They immediately removed the office of the GMD from his control and later he was forced to resign as the Minister of State for Petroleum.

If you want to know who funded the Dangote Refinery, go to the Ministry of Finance and call for Dangote’s file and tell me even if you give a goat in suit the same concession, the same waiver, or the same opportunity given to Dangote, tell me if that Goat won’t be the richest being in Africa.

If you want to know how the Dangote Refinery was funded, go to Warri Refinery and Kaduna Refinery, and find out who was given an exclusive right to lift Low Pour Fuel Oil (LPFO) for a long time. NNPC claimed it was for Dangote Cement Factories. In fact, at a time that of Kaduna Refinery was so exclusive to Dangote that no other marketer was loaded. Every other marketer was referred to Port Harcourt Refinery.

If you want to know the sponsors of Dangote Refinery, Go to Kogi State and inquire how many trucks of Coal Dangote move out of Kogi State every day, a minimum of 200 trucks daily without even paying royalty to the State or Federal Government. Are we not aware that Coal can be an alternative to Petroleum and that through coal liquefaction or coal pyrolysis, you can derive various Petroleum products such as Diesel, Gasoline (petrol), LPG, and other Petroleum products?

If you want to know how Dangote Refinery was funded, go and find out how he petitioned President Goodluck Jonathan as soon as President Yardua died against his competitors in the Cement business like Ibeto, Madewell Cement, Bua Cement, and others that represented Licensees from the six geopolitical zones. His petition caused the withdrawal of two Licenses from the 6 companies; the Bagged cement and the Bulk cement import licenses leaving them with only the Backward Integration Licence only after he had used the same Federal Government to acquire cement factories even while he was still importing and others were not allowed.

As a matter of fact, the other Licensees lost their fortune as some were still offloading cement at their various jetties when Nigerian customs pounced on them never to bring the Cement into the Country but to ship it back to their countries of origin. This was when the competitors had succeeded to bring down the cost of cement to less than N800 per 50kg bag and Dangote couldn’t compete and wanted to monopolize the cement business at all cost.

If you want to know how the Dangote Refinery was funded, go see how he petitioned the Federal Government against the few manufacturers of cement over the importation of Clinker which is a major Raw material for cement production the moment he built his Clinker factory at Obajana Kogi State and the Federal Government jacked up the import duty on clinker from 10% to 50% causing those that were managing to compete with him to shut down their cement factories.

If you want to know how Dangote Refinery was financed, go and ask Federal Government how much Dangote realized when they shut the land borders against every other importer and exporter during Covid 19 lockdown but allowed only Dangote to use the Land borders.

Finally, you want to know how Dangote Refinery is funded. Go and ask the Governor of Kogi State why he had to fall out with Dangote, that for 10 years of Dangote operation globally, Dangote made over 7 trillion Naira out of which over 5 Trillion Naira alone was from his establishments in Kogi State.

Do you still want to know how Dangote Refinery was funded? Nigerians funded Dangote Refinery without knowing it.

And that's how ALIKO DANGOTE, became the quota system billionaire he is today! And any one of you can become a billionaire too if given the same damn opportunity that he has to be a monopoly!

helinues:
Alhaji Dangote no wan drop his first position in Africa. Gbera oketan mula

See healthy competition.. Nice

To open mouth talk easy.
But to know wetin to talk na where problem dey

INTEGRITYA1:
Lost $3.12B few weeks ago and added $20B plus in return, that's huge.

Some people were rejoicing in order to mock current government policies as a result of his lost when it was reported, but now that he has returned stronger; hope they will be happy with the news.

For those that their mind is not blind, Nigeria will work out for us starting from now on.

poor man don drop quote

SaintLucia:
The richest man in Africa is from the northern part of Nigeria.

The richest woman in Africa is from the southwestern part of Nigeria.

The lousiest and self-acclaimed billionaires in imagination are from the southeastern part of Nigeria. Those ones are into drugs business but always use buying and selling as cover-up but Forbe doesn't recognize them.

How much is in ur account?

EVEN IF DANGOTE IS NOW $10 BILLION RICHER DAN BEFORE, WHAT POSITIVE EFFECT DOES IT HAVE ON US NIGERIANS?? WHILE OVER 70% OF NIGERIANS ARE LIVING BELOW 50 CENT PER DAY, IN A NUTSHELL, OVER 70% OF NIGERIAN POPULATION LIVES IN
E X T R E M E P O V E R T Y

First or 10th position, the man is still fucking rich

MarketDispatch:
I know he is not in government, but I still don't understand why Dangote cannot make it a project to eradicate Almajiri from Kano State by supporting quality education for them.

Food for thought.

SaintLucia:
The richest man in Africa is from the northern part of Nigeria.

The richest woman in Africa is from the southwestern part of Nigeria.

The lousiest and self-acclaimed billionaires in imagination are from the southeastern part of Nigeria. Those ones are into drugs business but always use buying and selling as cover-up but Forbe doesn't recognize them.

You too like vawulence. This one you mixed it with fearless.

Pj12345:
EVEN IF DANGOTE IS NOW $10 BILLION RICHER DAN BEFORE, WHAT POSITIVE EFFECT DOES IT HAVE ON US NIGERIANS?? WHILE OVER 70% OF NIGERIANS ARE LIVING BELOW 50 CENT PER DAY, IN A NUTSHELL, OVER 70% OF NIGERIAN POPULATION LIVES IN
E X T R E M E P O V E R T Y

You may not know directly but a lot of positive effects. All his trucks are driven by Nigerians and a lot of other employments from his various companies.

Aboki wey wear suit.
Look like cow inside suit.

Is it true that this man doesn't have any mail children? I was told by one of his domestic staff that all his childrens are femails.

Solofresh2:
Another person will still overtake him. Nothing lasts forever

I see bad belle in your comment

Nice