Princewill1:
Many doesn't know that Dangota is not even among the top 10 richest in Nigeria. Forget Forbes list, the real richest in Nigeria are underground.

For me Babangida is the richest man in Nigeria right now. Only his $12Billion Oil windfall loot in 1990 alone beat the combine worths of Dangota, Abdul Rabiu and Adenuga. By the way, $12b in 1990 is worth over 29billion dollars in today's money.

The billions of dollars recovered from Abacha loot since 1999 which haven't finished yet. If Abacha is alive today and enjoying in his mansion in Kano, would you have known he is worth that much?

Looters are your "richest people" just cos you must find someone to put ahead of Dangote? Wow no wonder youths like Edu/Bankole have proven that the youths are no different from the older thieves that litter our landscape.

Yankiss:
Chasing the big bag. NO joy at all. Dangote should know that whatever his strive he cant be there forever. Abiola was there, Dantata his uncle was there. Tomorrow for sure another person will be there. He should look around him and do more people friendly business. Cement and everything else he monopolizes are beyond the common man's reach.

Oga why not give yourself this advice so we can hear your name too just as we are hearing Dangote name today. I fear who nor fear una, ordinary Nigerians advising the super-rich on how to be super rich.

Bubu4Sea:
Dangote makes his money with unfair monopoly.

Keep crying na. you guys never ceases to amaze me.

Dangote is worth 10.1 billion,built a refinery worth 19billion and has paid back 70%.Can someone pls explain.

salbis:
Removing government influence, this man would have been an average businessman.

Congratulations to him, though.

ipob

masterfactor:
This news go make some people get Bad day, but as seun don talk say make we no dey mention name again, I rest my case

you mean ipob

JohnAOne:
SOME PEOPLE would be sad about this news

you mean ipob

Yankiss:
Chasing the big bag. NO joy at all. Dangote should know that whatever his strive he cant be there forever. Abiola was there, Dantata his uncle was there. Tomorrow for sure another person will be there. He should look around him and do more people friendly business. Cement and everything else he monopolizes are beyond the common man's reach.

ipob, go on your knee and beg

shaqhead:

Looters are your "richest people" just cos you must find someone to put ahead of Dangote? Wow no wonder youths like Edu/Bankole have proven that the youths are no different from the older thieves that litter our landscape.

Just look at this one.

Is Dangota clean?

Haven't you heard about the ongoing Forex scandal where Dangota, Emefiele others looted huge funds belonging to the country.

salbis:
Removing government influence, this man would have been an average businessman.

Congratulations to him, though.

Modified: I don't really know why some people are quick to align somebody with certain region or religion when your point doesn't reflect theirs. I'm a full blooded AREWA and it will ever remain as such.
Hold your opinions to yourselves!

The "Government" are also benefiting from his business empire.


The relationship is mutual.

Princewill1:
Many doesn't know that Dangota is not even among the top 10 richest in Nigeria. Forget Forbes list, the real richest in Nigeria are underground.

For me Babangida is the richest man in Nigeria right now. Only his $12Billion Oil windfall loot in 1990 alone beat the combine worths of Dangota, Abdul Rabiu and Adenuga. By the way, $12b in 1990 is worth over 29billion dollars in today's money.

The billions of dollars recovered from Abacha loot since 1999 which haven't finished yet. If Abacha is alive today and enjoying in his mansion in Kano, would you have known he is worth that much?

Babangida is a public figure.

We have many private figures richer than him.

Mayflowa:


why will you remove government influence. Is that not part of business strategy and acumen?

No mind them.


They're just angry that they aren't the ones being celebrated.


When Alhaji Dantata was toiling day & night to build the Dantata/Dangote dynasty, their great grandfathers and grandfathers were busy womanizing & clubbing.


Same way their unborn children will lament when they see others progressing (if their fathers don't have a rethink).

IVORY2009:
The monopolist

If everyone is given equal opportunities to go in and out of the market, Dangote would be no where to be found on the African billionaires list.

But your forefathers had the same (if not more) opportunities like Dangote's forefathers


Yet, they're nowhere to be found.

deenee:


God bless you.

I know boys that made crazzzzzzzy money from listed companies on the NGX last year. Same is going to happen this year. Legit money oh. Just buy and selling stocks of companies like Transcorp, UBA, Zenith,Gtco Access DangCem,DangSugar etc

God bless Nigeria

All these lamentors will still be angry that those guys made it, when they obviously passed over the same opportunities.

deenee:


He has investments in other financial assets that have increased in value.

You're wasting your time educating a dummy.

A quick glance at the Group's website would've shown him their different areas of diversification, but they'll rather remain ignorant & bitter.

Princewill1:
Just look at this one.

Is Dangota clean?

Haven't you heard about the ongoing Forex scandal where Dangota, Emefiele others looted huge funds belonging to the country.

Has he been convicted of anything?
Aha you see why he is still rated as Africa's.

vacanci:


if u are willing to setup a business with a clear projection to employ more than many state governments combined, the fedral government will assist u to grow.

Have u tried such yet?

government did not see him hanging on a tree or begging on the street and called him out to support him

Perfect reply.

It's more advantageous to actively engage in the market alongside other players to reap the benefits, rather than being a passive observer who complains about the lack of financial opportunities. Some individuals spend their entire day on Nairaland, arguing with each other, while a chosen few are focused on consistently building their wealth. If you're interested in real estate, whether you're abroad or local, connect with a trustworthy inmobiliaria sitges.

shaqhead:


Has he been convicted of anything?
Aha you see why he is still rated as Africa's.

Not convicted but he has been "indicted" by the Efcc and his headquarters raided. So wait till the end of the investigation or possible trial before declaring him clean.

salbis:
Removing government influence, this man would have been an average businessman.

Congratulations to him, though.

Modified: I don't really know why some people are quick to align somebody with certain region or religion when your point doesn't reflect theirs. I'm a full blooded AREWA and it will ever remain as such.
Hold your opinions to yourselves!

Obi people and spreading hatred

PNomsule:
...and what exactly did Dangote do to have earned his way back to the top, especially when his refinery is yet to start producing?

You can ask Forbes

Princewill1:
Not convicted but he has been "indicted" by the Efcc and his headquarters raided. So wait till the end of the investigation or possible trial before declaring him clean.

Lol..."indicted" keep been obtuse with words you obviously know what they mean. Allegations are what they are allegations and until he is proven guilty by a court of law he is the richest african based on the ratings of a renowned organisation like Forbes whether you think otherwise or not! So take your advice like a bitter pill, it will do you good instead of being judge on who is clean or not! Have a great day!

JohnAOne:
SOME PEOPLE would be sad about this news

children of hate you know them very well, they have even ordered their son who is the president to use the EFCC to prove him out of jealousy.

Shattuck:
children of hate you know them very well, they have even ordered their son who is the president to use the EFCC to prove him out of jealousy.

Exactly!
Those people from that side, the "Nzogbu Nzogbu" people!

Shattuck:
aka the Ronu gang , tinubu and his Ronu gang who want to bring dangote down out of jealousy.

Exactly na!
The most HATEFUL TRIBE in Nigeria.
Na dem.
Children of hate and bitterness (You know yourselves).

EOD!

deenee:


Monopoly in what sector? Yall jeep shouting Monopoly without knowing the real definition of it

Nepa, Nipost and Nitel of the past are Monopolies because they were the only one operating in their respective sectors

Dangote on the other hand competitors in virtually all his business segments.

Even BUA alone is competition

That's what i want to say. Is he only the one producing those goods in Nigeria?

sweetjohn:
Mitwww! Africa is poor jare. Upon all the thieves in Nigeria that hide their money under the brand ‘Dangote’, all they can pull together is $10b while their mate with legitimate business in Europe and America has over $200b. Nothing to celebrate here when criminals are starving the masses and making their lives miserable.

Please transition to the jurisdictions with 200b

T for thanks

I doubt Dangote’s acclaimed wealth. With the failure of Dangote refineries his so called successes is suspect to me now.

Tzar:
I doubt Dangote’s acclaimed wealth. With the failure of Dangote refineries his so called successes is suspect to me now.

How has the refinery failed Sir?

Please explain and elucidate.

Refinery that hasn't start operations is what you term a failure.

The 6th batch of crude for the commencement operations has landed and initial run of the refinery and kick start of the production of diesel, aviation fuel and LPG and subsequently, production of PMS will commence.

The refinery is worth 20billion dollars by the way and isn't part of his calculated network presently because it hasn't started generating any cash flow

He owns about circa 60%-75% of the refinery and the value will be included in his consolidated networth once it starts to generate cash flows.

Even at the current value and 60%-75% ownership, that's a 12-15 billion dollars addition to his networth. The amount will double once operations start and revenue starts to trickle in.

The refinery is expected to generate about 120 million dollars revenue daily even at 50% production capacity. The refinery will add additional 5billion dollars to government revenues annually reducing to a great extent the fx scarcity and volatility issues in the country.

Let's not get started on the job opportunities.


And guess what he has Africa’s largest Granulated Urea Fertiliser situated in Ibeju and has started production and exports to USA, Brazil and India generating circa 400 million dollars in Fx income annually.

Una mind no go touch ground!

God bless Nigeria.
God bless Dangote

fxexperts:
Oga why not give yourself this advice so we can hear your name too just as we are hearing Dangote name today. I fear who nor fear una, ordinary Nigerians advising the super-rich on how to be super rich.

Lol. You will hear about me soon. Keep this space booked.

In my line of work, if you have several failed deadlines, you have failed.
Dangote refinery has at least 2 major failed deadlines, therefore I personally deem it as failed.

deenee:


How has the refinery failed Sir?

Please explain and elucidate.

Refinery that hasn't start operations is what you term a failure.

The 6th batch of crude for the commencement operations has landed and initial run of the refinery and kick start of the production of diesel, aviation fuel and LPG and subsequently, production of PMS will commence.

The refinery is worth 20billion dollars by the way and isn't part of his calculated network presently because it hasn't started generating any cash flow

He owns about circa 60%-75% of the refinery and the value will be included in his consolidated networth once it starts to generate cash flows.

Even at the current value and 60%-75% ownership, that's a 12-15 billion dollars addition to his networth. The amount will double once operations start and revenue starts to trickle in.

The refinery is expected to generate about 120 million dollars revenue daily even at 50% production capacity. The refinery will add additional 5billion dollars to government revenues annually reducing to a great extent the fx scarcity and volatility issues in the country.

Let's not get started on the job opportunities.


And guess what he has Africa’s largest Granulated Urea Fertiliser situated in Ibeju and has started production and exports to USA, Brazil and India generating circa 400 million dollars in Fx income annually.

Una mind no go touch ground!

God bless Nigeria.
God bless Dangote