₦airaland Forum

toye440:
it's been awhile since I used this platform, but this is 2021 even goat don get sense now. Just I fell in love with his business mindset and I felt that he should charge her for giving out a business plan, you are already calling names. Who produce you? Why can't you just make your point and walk away.
What's my business with her being called Olosho when it pays her? My problem with this Gen Z's is the fact that they just lack common sense.
pls don't bother replying as I'll be gone till November.

You can be gone until kingdom come for all I care..
But learning is a lifelong undertaking, so try it sometime. SMH
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He should be hung by his own private part until he dies...
An insecure, crude MISOGYNIST - being cheered on by crude MISOGYNISTS on Nairaland. SMH
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ratiken:
I think you miss the point. As we speak, many Nigerian youths are robbing on highways, traffic, homes, store etc. The others are neck deep in yahoo scheming hard earners, our ladies are into prostitution, others into rituals. Many rapes and killings. Most of the bokoharam members, bandits and herdsmen are youths too (they are Nigerians... dont forget that). The average Nigerian you engage in business wants to defraud you. Look at the political class.... are they not raised with the African values?

Point is don't single out a single act in the west to compare to the terrible youth future in Nigeria.

I don't think folks understand how badly the culture in Nigeria has deteriorated. The chance that an average Nigerian youth will not resort to Yahoo and prostitution is less than 30%

So which Nigerian culture is even better than the west in the true sense?

Obviously, culture changes and evolves (always has)...
But just as many (probably much more) Nigerian youths are NOT “robbing on highways, traffic, home, store, etc.”

Frankly, it is wrong to classify these happenings as characterizing mainstream Nigerian culture, because the overwhelming majority of Nigerians would still react negatively to these events and regard them as bad things. We all have to beware of the danger of the single narrative - on all sides. There were 577 mass shootings in the US in 2019 (defined as involving 4 or more victims), which more is 1.5 daily, an average of about 40-50K gun-related deaths (mostly homicides), the occasional school shooting, and rampant racism. But even as pervasive as these things are, it would not be accurate to equate it to “American culture” because US culture (just like Nigerian/African) involves so much more.
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MisterRuk:
I'm not a parent but I'll say that there is no such thing like training your child in the "British or American or Asian way". There is good parenting and bad parenting. It's all about raising your child with good and ethical values, giving him/her good formal and informal education, being close to them emotionally, maximizing their strengths and helping them to minimize their weaknesses. But unfortunately parents always tend to display some of the biggest forms of hypocrisy I have ever seen.
African parenting isn't even the most ideal. Families are the core of societies, everyone comes from one family or the other, and family system and culture are one the oldest determinants of how the society is run. We tend to uphold "African parenting" on our head like gala and lacasera , but go out to the Nigerian society you will see a lot of bad values and ethics with people, especially amongst the poor and middle class. Again, i found out that the reason why people here are always afraid to voice out their opinions, fight for their rights, and stand against a bad system has something to do with our parenting system. Parents and schools tend to be autocratic, where order is only gotten through rigid force and beatings, thus we are mostly taught "fear" and never "respect". Over the years the government, the military, the police and different people in power have always utilized that " subconscious fear" in Nigerians to get away with oppressing people and stay in power.
Many of we millenials and gen-Z have embraced counterculture because we've seen that upon all the "african way", it doesn't reflect in the society, there is still so much corruption and poverty.

As society is advancing, cultures are spreading globally and the media is becoming more influential, the coming generation will be more intelligent, more independent, and more complicated than the last.We have to advance our cultures and change our strategies of raising children, because if they cannot come to trust you, the media will be their parent.

Nope! Just as we are no more intelligent than our parents, the coming generation will not be any more intelligent than us...

Intelligence and knowledge are related but distinct different things, so younger generations are not more intelligent just knowledgeable about different/new things that the previous generation didn’t necessarily had to bother about. Of course, technology will enable us learn more, but that’s not synonymous with being more intelligent. Furthermore, technology can be a double-edged sword and sometimes have the unintended effect of making users more lazy and less inquisitorial.

Culture is NOT, and has NEVER been, static. It constantly evolves, and has always done so - at varying speeds (or lack thereof). To that extent, while I agree with you on the increasing convergence of human cultures, I do not necessarily regard it as a novel. A reason that I cautioned the OP against reliance on the comments on this thread is, apart from the obvious stereotyping on every side, I see so many comments confusing largely ephemeral characteristics as culture itself, when in fact culture is what lies at the core of human mores and value systems. In that respect, having had the happenstance of mixed parentage, being born abroad and living in 7 different countries on 4 seemingly-divergent continents, there are infinitely more core SIMILARITIES than differences across the human face, when we are not being distracted by “tribal” trappings.
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NotGej:
The earlier we realize that that traditional African way of training kids impede development the better for us.

Part of such practice includes torture of young children in the disguise of discipline as have been recorded.

Our ways are outdated and retrogressive in nature. That is, it imbibes that culture of unduly worshipping adults. It entrenches a system of geriatric approach like we have in Nigeria; where undeserving old people are placed on a pedestal. (Eg OBJ, PMB, Tinubu etc). Some of these people are unworthy of positions and respect they get judging by the actions.

So also, our African approach hampers / kills creativity of the African child. The child is conditioned to accept and not question whatsoever thrown at them. In essence, it places a ceiling to what a ‘child’ should attain or achieve. This is why we have a situation where any young person that is seen as doing well and/or with a different view, lifestyle, orientation is hounded and termed a Yahoo boy.

Finalement, the African way of raising kids has done more harm than good in our society today. There is no benefit other than raising kids who are docile, easily manipulated by adult/ parents, etc.

Anybody that supports our very outdated approach suppports crimes against humanity and should be held to account. All humans have equal rights; be it/she/him/they/ them/he/her young or old.

This the sort of shallow stereotyping that I cautioned the OP about...

First, there’s child abuse EVERYWHERE unfortunately...
If you are blissfully unaware of child abuse in the West, you should get out more.

Meanwhile, I guess it depends on one’s family or surroundings...
But I never had issues asking questions of elders, so long as it is done RESPECTFULLY!

While I suppose it’s a matter of personal opinion...
I would never consider insulting and harassing elders as being “creative”.

Finally, not sure where you get the idea of the “docile” African...
Nigerians are among the LOUDEST and most self-confident (for better and worse) people on earth.
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Eviana:
I've had a painfully tough time on this site since I joined 4 years and some months ago.
I may be a little sensitive, but most of the behavior was not what I expected from Nigerian youth, young adults or adults.
It disappointed me because it was so uncouth. It's not normal to spew the things that constantly come out of many members' mouths on a consistent basis.

Yes, I am a survivor of verbal, psychological and emotional abuse here.
After several deactivations & re-activations, I finally decided to stay. There is some good on Nairaland (10 percent or so) and in Nigeria....that I choose to believe....

Sadly, it’s pretty much the SAME everywhere and in every country (trust me you don’t want venture near most US Reddit forums). Unfortunately, the ANONYMITY of Internet discussion forums embolden so many a-holes. Personally, I don’t mind it (but then I have a thick skin) as I much prefer to know what the person that I am discussing with REALLY thinks, rather than those who smile at your face but hate your guts.

My counsel: stick around. You would be surprised by what you learn (and how much you grow) from negative encounters and experiences. However, for you own sanity, I would also advice that you do what I regularly do - refuse to sink to their level, refuse to engage and/or respond in kind, or simply scroll on and/or walk away. Their anger and bile is entirely a reflection and commentary on themselves, not you.
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BadRadio:
Truth is that I am African but I dispise the standards in Africa. Africa seems too primitive, naive and backwards in terms of everything... and I've usually thought of raising my kids the British or American style.

of what importance is an African parents culture and tradition in raising their children the African way rather that the British or American way?

Would it be sensible if a child is a genius in English language than mother tongue.

Are there disadvantages.

These sorts of discussions are substantively meaningless as they tend to devolve into over generalizations and shallow stereotypes. The reality is that raising a kid is a peculiarly personal and individual undertaking, each substantively different, even within the same family.

Nonetheless, I will briefly share my own experience. Born in the New York City, and spent the early formative years of my life between the US and the UK, until my parents brought myself and my twin back to Nigeria for secondary - and I FINALLY FOUND MYSELF! The difference it makes when you stop being a color and simply become another human being (even though you still get called ‘Oyibo’ ), and being surrounded by doctors, lawyers, engineers, judges, bankers, teachers and so many other professional and other high achievers who not only look like but share similar cultural roots is indescribable to anyone who has not personally shared that experience (and I don’t mean latter-day Nigerian immigrants).

Eternally grateful for BOTH of my countries (the US and Nigeria - the Best of Both Worlds! ), and all of my life’s experiences in various countries and among diverse cultures, but when I see some (not all) of my US cousins and friends I grew up with, and with whom I shared pretty much the same early life experiences and outlook, stumble seemingly rudderless through life, I remain forever grateful for finding my roots among my people here in Nigeria and the FOUNDATIONAL ANCHOR it provided for me. It is NOT a coincidence that Nigerians and Nigerian-Americans on the average are better educated (and often achieve more) than the indigenous US population. While some of our Nigerian/African values are presently in flux, the core underlying values (hospitality, warmth, community, care, respect, thirst for knowledge, etc.) should be bottled and sold.

Again, this is just my own peculiar and individual personal experience. It is not universal, nor should it be (although I have met many other people who have shared broadly similar experiences). Accordingly, this is NOT advice. Just an experience to bear in mind as you ponder.

______________

PS: As for languages, the MORE the better. If I could be a polyglot I would!
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WoundedLamb:
Men threatened by aspiring women have gathered to call her names as usual. Lol

Spot on!

The usual NL congregation of the typical crude and uncouth Nigerian MISOGYNIST, ignoring the fact that, in addition to the aforementioned line of bags, scarves, perfumes and accessories, she’s also an OAP, author of a published and relatively well-received book, and was only about a year ago (just before the onset of the Covid pandemic) invited by the Harvard Business School to discuss the media and creative BUSINESS in Africa. Meanwhile, nobody in their village can even spell LASU! SMH
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Soolmus:
You have a name and a popular Showbiz brand, why not create a product that can add value instead of olosho business ..

Many Nigerian girls would pay anything to buy make ups, creams and beauty products from her

toye440:
if I were you, I would charge her for this advice.

Are both of you really that clueless not to realize that she already has a line of luxury handbags, scarves, accessories and perfumes?

Heck, it even says so in the OP. Instead, just as the typical crude and uncouth Nigerian MISOGYNIST, there’s the usual obtuse drivel reserved for many successful Nigerian female as being in the “olosho business”, ignoring the fact that she’s an OAP, author of a published and relatively well-received book, and was only about a year ago (just before the onset of the Covid pandemic) invited by the Harvard Business School to discuss the media and creative BUSINESS in Africa. When the neighborhood commercial academy invite either of you to come make a presentation selling pure water, please wake up. Such petty small-mindedness. SMH
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festacman:
, I must hit the billionaire status, my products must do so well, the world will know my name. I feel it, I can taste it, time and chance is all and it will happen.

What product is she saying it "must do so well"?

She says "I can feel it, I can taste it". What is she feeling? What is she tasting?

The answers, my friend, is blowing in the wind.

You are a mad man....LMAO!
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jaxxy:
It’s was higher b4

Same as cement then, which was higher before!

Funny thing is that when Dangote Cement reduced its cement prices, the other companies complained that it was trying to drive them out of business to enjoy a monopoly Nigeria - you do they wail, you don’t they wail. SMH
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ThierryJay:
With all due respect, it's obvious there are things you are not aware of behind the scenes.

Who told you there are no peculiar benefits or restrictions given to Dangote and co? Are you aware that local sugar production was only licensed to Dangote, BUA and Flour Mills in the whole of Nigeria? meaning even if you have the money you can't play directly in this sector.

Are you aware that Dangote and BUA got pioneer status incentive (5 year tax holiday) for Cement in 2017 even when cement was not on the approved pioneer list. This was issued and approved directly by Abba Kyari.

Say only what you know oga. Being a realist is not an excuse for ignorance of the implications of established facts.

For me, this is not an ethnic matter but an ethical matter from Government perspective. Regulating the refinery sector is not punishment but commonsense. Will you say NCC is just punishing the successes of MTN, Glo and Co.?

I am reasonably certain NEITHER OF US are aware of what’s happening “behind the scenes” (otherwise, it wouldn’t be behind the scenes)...

People keep using the term license as if it is a restriction, but it’s merely the most basic of administrative processes. In other words, to do business anywhere in almost any industry, one has to be registered or licensed. The more substantive point is that sugar production in Nigeria is NOT restricted to only Dangote, BUA and Flour Mills. Have ever heard of Josepdam? The Josepdam Group used to produce sugar from the old Bacita Sugar Company in Kwara State, until AMCON took over control of its operations a few years ago on account of its many non-performing loans. Nigeria imports probably over 80% of its sugar requirements, that as recently as last year (just prior to the pandemic), the Sugar Development Council was marketing 11 potential new sugar production sites to foreign and domestic investors. At the moment, both the Bank of Industry and the Bank of Agriculture each have a dedicated single-digit interest rate loan program dedicated solely for potential investors in sugar production. Accordingly, it is quite ridiculous for anyone to classify sugar production in Nigeria as restricted.

I suspect that some folks are confused about the sugar Backward Integration Program (BIP). The BIP applies to companies that were already refining raw sugar in Nigeria. These companies previously imported raw sugar (principally from Brazil) and then refined them locally. Under the BIP, the government decided to incentivize to backwardly-integrate. In other words, to grow raw sugarcane, process and refined it domestically, and in the process save the MILLIONS of foreign currency that is expended on the importation of raw sugar which props up foreign producers and foreign jobs, and to create TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS along the entire sugar production value chain. When the BIP was initiated there were only three sugar refiners in Nigeria - Dangote, BUA and Flour Mills (Golden Sugar) - and these companies therefore became part of the program. Pretty certain that if/when there are new/additional refiners, they will similarly enjoy the same BIP incentives (tax, etc.).

Furthermore, on the subject of Pioneer Status Incentive (PSI), where on earth did you get the idea that it is peculiar or special to Dangote and BUA? In the most recent PSI Report issued by NIPC (Nigeria Investment Promotion Commission) in November 2020, covering the period ended Q3 2020, Lafarge (the other major cement producer in Nigeria, and of course part of the world’s BIGGEST cement producer) also enjoys PSI incentives, along with at least 37 other businesses across different sectors and industries (with reportedly up to 60 or so applications in process). Accordingly, it is either disingenuous or plain dishonest for folks to posit that Dangote and BUA are being accorded preferential treatment in this regard. The PSI merely seeks to incentivize investors to take the considerable risk (security, political, business and such other risks) of investing in Nigeria, and lessen their tax burden in reward for creating TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS!

Finally, as I noted elsewhere, Dangote Cement, Dangote Sugar, BUA Cement, and Flour Mills are all PUBLICLY-LISTED on the local bourse (the NSE), and if folks truly believe they are rolling in it, simply go buy their shares and share in both the RISKS and rewards!
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jaxxy:
Many people and companies in Nigeria can do it. It’s not rocket science. Just don’t force detrimental policies on the people to the advantage of a few. Protect the masses.

That’s what we did and still doing in telecoms sector to have cheaper data and call rates.

Dude, we RESTRICTED our GSM licenses to just 3 (plus 1 reserved for Nitel) out of many EOIs...
And there are NOT “many people and companies in Nigeria” that can build a $12-15 billion refinery. Quit it.
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Stripped of all intellectual pretensions, the REALITY (and I am nothing if not a realist ) is that there are so many Nigerians who will never get past Dangote’s ETHNICITY (the fact that he had lived in Lagos for the past 40 years - or about two-thirds of his life - is irrelevant to such people). In their narrow ethnocentric worldview, there is simply no way that ANYONE from Dangote’s ethnic stock would be as successful as he is without massive corruption and cheating enabled and/or promoted by his ethnic brethren.

The unfortunate reality is that if Dangote was from a different ethnic stock (and one particular ethnicity sticks out, but shall remain nameless ), operating in the same Nigeria under the same laws and regulations, many of these same folks would be touting as a business genius (as we have witnessed so many far less successful so hailed). Sometimes that primordial ethnic bias and prejudice is couched in faux intellectualism and flowery prose, but that’s akin to spraying potpourri on manure and yet it’s still manure.
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jaxxy:
I think it is comply wrong for one man or business to gain at the expense and detriment of the country and masses.

DSDLIVEREPORT:
God bless the writer of this piece . All the section of the Nigerian economy is structured to benefit the very privileged few.
It is glaring that this has become a peril for new entrants into any of this sector. Nothing Will just work in your favour.
But I tell you if the players don't adjust to free Nigerians from this forced bondage,the chain will be broken when a Jerry Rawlins comes to manage our economy.

I am waiting to see.how.many likes this expository will get .kudos to the writer.

Bros, if you have billions of dollars to build a refinery (or cement or sugar plant), get at it!

There are NO laws preventing, precluding or prohibiting anyone from doing so...
So let’s quit the petty Nigerian thing of punishing success (while rewarding failure).
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namedo:
Corruption is a hindrance to economic growth.

And so is ignorance (not directed at you in particular, but sadly reflected in many of the thread comments).
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wman:
It's actually because of Dangote that Nigerians pay the highest price for cement in Africa. Dangote cement is cheaper in Ghana than Nigeria. Nigerians pay one of the highest prices for cement in the world.

Dangote is a monopolistic bastard that has nothing good to offer Nigeria apart from enriching himself and his government cronies. That guy is doing more to impoverish Nigerians.

ThierryJay:
For the most part, fair points. However, pls note that while it's not a crime for Dangote's interest to be mainly driven by business profits considerations, the Government has a duty to drive policies that benefit the greater population (utilitarianism) and not a select few.

We need to define the specific benefits that Nigerians will gain from Dangote refinery operations. Is it to manage our fx reserves and exchange rate? I really don't see that happening as they will sell to him in Naira which might outweigh the fx saved from not importing the equivalent of Dangote's local output. Multiplier effect is of little relevance here as we are talking about what will impact hundreds of millions of Nigerians and not a few thousands in Ibeju-Lekki and co.

So if it isn't to defend Naira value, then it has to be more affordable retail pricing. But if Govt leaves this aspect to Dangote, he'll eventually raise prices to further his profit motives. So, the pricing must be regulated just like NCC does with the Telcos that's making data and airtime more affordable. The incentives Obasanjo gave to the Telcos yielded the desired results, despite also being affected by our volatile economic situation. But why hasn't the incentives in Sugar and cement yielded same under even better economic conditions? The common factor I see here is Dangote and Rabiu. What guarantee is there that the pricing failure in sugar and cement will not be replicated with Dangote's retail oil pricing? That's why regulation is key here.

On your point about Dangote's suggestion where there's supply shortage in future, I prefer an open market situation, for both importers without licences and all as it will benefit more Nigerians. If truly Dangote's refinery is in Nigerians best interest through affordability, then he should have little to worry about if unlicensed importers are bringing in petrol as he should be able to leverage his economies of scale to achieve lower pricing and thus higher market share.

I have nothing against Dangote and I actually believe his refinery is a step in the right direction. But it's crucial that Nigeria does not create an economic monster that would feed fat on our collective well-being all in the name of being a risk-taking capitalist. So questions must be asked and gaps plugged ab initio.

The Telco model should be replicated with the private refinery sector.

First, with all due respect, some of you need to get out more, because Nigerian cement is among the CHEAPEST on the continent (and btw, Dangote Cement is 52.5R grade, the HIGHEST in the world - before Dangote, Nigerians were importing and buying 32.5-graded cement from Blue Circle, Holcim, LaFarge, Scancem, Heidelberg, and all the foreign companies operating in Nigeria since the 1950s/60s, before we were even born). Nonetheless, if you think Dangote and BUA cement are expensive, can you imagine what you would be paying presently for imported cement now that the Naira has free-fallen from about N112/US$1 to N410/US1 (in addition to the much higher shipping insurance rates because of the privacy-invested waters of the Gulf of Guinea)!

Finally, there has been NO benefit that has been peculiar to or granted specifically or specially to Dangote or BUA. Every industry that they are engaged in is OPEN TO ALL INVESTORS (foreign and domestic), and thus while sensible regulation (often lacking in Nigeria, where regulators most often view their roles as, or constitute themselves into, industry adversaries) is always necessary to maintain the integrity of markets and protect vulnerable consumers, most of the discussions around these subject matters (and particularly Dangote and, to a lesser extent, BUA) are, when stripped of all intellectual pretensions, little more than a call to PUNISH their success.
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kirajustice:
TAYO IRANTIOLA, Lagos
https://politicsnigeria.com/backward-integration-in-sugar-cement-and-now-petroleum-who-are-the-real-beneficiaries/

Tayo Irantiola writes from Lagos Nigeria...

Bitter, petty-minded Nigerians...SMH

Cement: the backward integration policy started by the Obasanjo administration has transformed Nigeria from reportedly the second-biggest importer of cement (second only to the US), spending billions of US dollars supporting cement manufacturing jobs abroad (there used to be so many ships lining the seas approaching Nigeria that UK-based The Economist magazine dubbed it “The Great Lagos Cement Armada”), to presently a NET EXPORTER of cement, earning foreign exchange for Nigeria, saving the BILLIONS Nigeria used to spend on imports, and (perhaps the most important) CREATING TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS all along the value, and in the process creating wealth and generating tax revenues for Nigerian governments to invest in schools, hospitals, public transportation, infrastructure, etc. (if the politicians do not steal or embezzle same first).

Meanwhile, Nigeria’s three major cement producers - Dangote, BUA, and LaFarge (which btw is the world’s BIGGEST cement producer, and have continuously operated in Nigeria in various firms since 1950s/60s, before some of our parents were born), are publicly-listed on the Nigerian Stock Exchange. That means that any Nigerian is free to SHARE in their supposed “crony” windfall profits.

Petroleum Refining: It should be a a monumental embarrassment to even the most jaundiced and miseducated Nigerian that one of the world’s largest producers of crude oil spends the single biggest portion of its scarce foreign reserves importing refined petroleum products and propping up foreign refineries and foreign jobs. Meanwhile, Nigeria’s four government-owned refineries lost a collective N154 BILLION in 2018 (which is bigger than the education and/or health budget of EVERY single one of Nigeria’s 36 states in the same year), while producing little or NOTHING (specifically, the Kaduna Refinery produced ZERO products the entire year). The TRILLIONS of Naira ($9.95 billion last year, according to OECD figures) that is spent on importing products yearly is greater than the federal government’s capital budget for education, health, agriculture, housing, etc. In other words, Nigeria spends more supporting foreign refineries and foreign jobs than the capital expenditure on roads, bridges, schools, hospitals, local food production and husbandry, low-cost/affordable housing, etc.

When the Dangote refinery fully comes on stream (even before the BUA refinery subsequently), the net effect would be to transform Nigeria from its DISGRACEFUL position (given our hydrocarbon endowments) as one of the world’s leading importers of refined petroleum products, propping up foreign refineries and foreign jobs thereto, to a NET EXPORTER of refined products, earning much-needed forex for Nigeria (unfortunately necessary for a still primarily import-dependent economy), saving BILLIONS in scare foreign reserves currently being used to import refined products into Nigeria (reportedly 41% of foreign currency reserves last year), and CREATING TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS, which again creates local wealth and generates increased tax revenues for the federal and state governments to (hopefully) invest in schools, hospitals, housing, public transportation, infrastructure, etc. (if the politicians can keep their hands out of the till).

It bears noting that there were reportedly more than 28 licenses already previously issued for private refineries (going all the way back to the Obasanjo administration) BEFORE Dangote (among others) was issued with its own license by the Jonathan administration, and licenses for private refineries continue to be issued to the present day.

Sugar: Admittedly not an expert on this particular sector of the economy, except knowledgeable enough to know that Nigeria is one of the world’s leading importers of sugar, despite having the sorts of favorable weather and natural agricultural endowments for massive local production. The nearly $500 million that Nigeria reportedly spent on raw sugar imports last year is MORE than the entire capital expenditure budget of every single one of Nigeria’s 36 states (with the possible exception of Lagos). In effect, Nigeria spends more money propping up plantations and workers in Brazil (and the US) than each Nigerian state government spends on building schools, hospitals, roads, housing, etc. Accordingly, every right-thinking Nigerian should be supporting this sugar backward-integration program, in the reasonable expectation that it will achieve the same substantive results as the cement (and expectedly petroleum refining) program, to wit: save millions expended on IMPORTS that support foreign economies and foreign jobs, while creating TENS OF THOUSANDS OF JOBS IN NIGERIA FOR NIGERIANS!

Again, the good thing here is that at least two of the companies referenced in this jaundiced piece (Dangote Sugar and Flour Mills) are PUBLICLY-LISTED on the NSE. Accordingly, anyone who believes that that these entities are literally (or even metaphorically) printing money and are swimming in the alleged cash “windfalls” of crony capitalism are free to gobble up their shares!

Denouement: Sadly, I have grown to increasing recognize a truly unfortunate characteristic of many Nigerians, which I suspect is the legacy of a corrupt-invested society (and increasingly culture) - so many Nigerians would rather own 100% of NOTHING instead of 1% of SOMETHING! That’s why despite the ever-mounting gargantuan LOSSES racked up by the government-owned refineries, every single time the notion of privatization (even partially) is broached, many Nigerians scream blue murder!

Personally, I am always willing to listen to discussions about competition law and/or anti-trust regulations. Of course, Nigeria already have such laws and regulations in various forms, but something like Obasanjo’s Competition Bill of 2003 (which the National Assembly failed to seriously act upon) would be worth revisiting. Nonetheless, it is important to note (and this is arguably the most important aspect of this discourse) that there are NO discriminatory or such other laws, rules or regulations that PROHIBITS, PRECLUDES NOR PREVENTS ANYONE (foreign or domestic) from investing in the local production of cement or petroleum refining in Nigeria (and I have not included the Sugar industry, only because I am personally unfamiliar with that sector, not because there are necessarily any such discriminatory barriers)! Anyone who can afford (or raise) the BILLIONS OF DOLLARS involved in these ventures is FREE to go compete! But government should never ever be urged by nattering naboobs of negativity (apologies to Rockefeller) to effectively PUNISH success (in a nation that so often elevates failure).
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”If anyone thinks that governance is about going to Abuja to collect money, use part of it to pay workers and use the rest to award contracts, then that person is mistaken. If that is what governance is about, I won’t be in the race because that is something my grandmother can do".

PREACH IT!
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Queseda:
https://www.pmnewsnigeria.com/2021/02/28/apc-wins-all-17-chairmanship-councillorship-seats-in-yobe/amp/?utm_source=&utm_medium=twitter&__twitter_impression=true

Nigeria should stop wasting taxpayers money on these so-called local government “elections” and on corrupt and inefficient state electoral commissions. Instead, they should just let the Governor appoint LGA, utilizing the proportional representation system.
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Neoteny:
One of the obvious first signs of Buhari's ineptitude was when he left Malami as AG.

Arguably the WORST AG in Nigeria’s history...
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bolaayenimo:
https://www.independent.ng/malami-asks-buhari-to-disband-itse-sagays-pacac/

They used Pa Sagay for credibility...
Now that his credibility has dried up, they’ll dump him.

Grab your ankles Sagay...
Wham bam, thank you m’am!
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OkanlawonB:
Do you people care to know which arrangement was made for evacuated trucks to get an alternative suitable parking Place. These are some people businesses and means of livelihood. We should also consider the adverse effects this action may habe in the trick owners

Why do so many Nigerians support all manner of rascality and illegality under the guise of “means of livelihood”? What about the traffic flow, businesses, and the “means of livelihood” of other people that those truckers disrupt/destroy by ILLEGALLY parking on the roads and blocking streets? Anyway, watch the video interview below to learn about what alternatives have been provided for your beloved truckers.


https://www.youtube.com/watch?v=SmqKgxTJ9UE

https://www.youtube.com/watch?v=eZqx0JXGnU4

Badb0y4lyf:
Some one said they will sell to him in it equivalent to naira is it official rate or black market rate now im sure it official rate I'm sure dangote would export some of the petroleum products to other africa countries and will sell in dollars that inflow in bank would be sold at black market rate. Nigeria is just a scam. Dangote is an artificial billionaire on a level plain ground he would just be your regular everyday aboki.

Why don’t YOU join this “scam” by exporting something yourself, earning forex and reselling same at black market rate?!
SHOCKING there are people who think that someone would invest $12-15 billion in a project , just to become a forex trader. SMH
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Yankee101:
And how have the GENCOS kept prices level in tandem with inflation even after getting all the government help?

Or the same Dangote, how cheap or stable has Dangote cement prices been? Despite Tax breaks, getting FX at CBN price, near stability of tax rates, same staff salary level for years and same cost of obtaining limestone from Kogi state?

Either you're of him or a beneficiary, if not your arguments don't hold up empirically

What exactly is supposed to be my “argument”?
That crude prices will be the global price but paid in Naira?

Perhaps you are confusing me with someone else (which can happen when people argue blindly).
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Ayo8:
And Dangote will sell the refined products back to federal govt in USD$
Dangote is one of the cabals

If you bothered to read the OP article...
It clearly says that Dangote will be selling products in Naira.
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alexola20:
Dangote is a wicked front to many political and economic saboteurs in Nigeria.

The refinery is not solely owned by Dangote but conglomerates of thieves.

I wish people can just rise up one day and show these thieves that we are not all stupid.

Kill them and their family,no rat will be spared in the houses.

Dangote (and his so-called “conglomerate of thieves”) are creating TENS OF THOUSANDS OF JOBS FOR NIGERIANS IN NIGERIA - among all ethnic groups and across all the geopolitical regions (and not just in his hometown like some other people), who can then feed their families and educate their kids, and buy all those other goods and services that create JOBS and livelihoods for other people.

Long may that sort of “wickedness” continue.
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Yankee101:
It's quoted worldwide in dollars. Even your pump price is dictated by its dollar price per barrel

It will still be the same price...
But will be sold in Naira in Nigeria.

It’s the same methodology for gas sold to GENCOs...
Crude produced in Nigeria and sold to Nigerians within Nigeria should be in Nigerian currency.
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