₦airaland Forum

ahiboilandgas:
u dont know anything bro....

Solstar:
This fraud has been going on for decades.

What does it take to carry out exploration ? Something Geology students do for their final year projects is now budgeted for, by NNPC ?

Why do we make it seem like rocket science ? It is just like digging borehole for water but at a different depth then testing the sediments and the rock compositions and analyzing them in laboratories for specific signature parameters. And in Nigeria we budget billions of dollars and share in the name of oil exploration.

When will we stop the fraud Nigeria. I am excited that the world is moving away from fossil fuel. How will the country pay back the massive debts incurred already.

I hope my kids wont have to pay more taxes to pay for these frauds.

Solstar:
I am not against your thread, I am just hoping that my freedom of speech is a natural cosmic right that should be seen as one.

We are not designed to agree. Our brains fire differently. The key here is tolerance.

Solstar:
True, but if you are great with relationship management and have the reputation grand enough to dine with politicians and sponsor both sides of the war, and live fugal, then the world will walk into your door steps dropping blank checks in anticipation that you are a worthy surrogate, and if you are truly one, then you know enough to put up Special Purpose Vehicles to keep the wheels running for more private investors.

Some of us went to Business Schools, so we know how the cookies crumble if we must toe that line. I am not against Dangote, I love him as a person, and I am actually excited that he is pulling it off without any challenger.

Who knows I might just get fed off enough to start my own convertible bonds ponzi.

wordcat:
Dongote is not a businessman.

Some selected people in power are just using Dangote to hide their loot if not, tell me why one man will be given license to solely do a business that more than hundred people can do?

Truth234:
People like you never ceased to amaze me, imagine you based your conclusion of Dangote innovation on beer parlour discussions. One, the project is not $18 billion but estimated at $14 billion. Two, Dangote is building one of the biggest industrial sites in the world-- fertilizer plant, petrochemical plant, and refinery.

The petrochemical plant alone can produce 1.3 million metric tonnes of petrochemical products per year. The gas plant has the capacity to produce 3 million cubic metres of gas per annum and generate 12,000 mw of power, thrice what Nigeria is generating presently.

While the fertilizer plant will produce 2.8 million metric tonnes of assorted fertilizer. The refinery will produce 640,000 bpd of refined petroleum products. This project will create more than 200,000 jobs and deepen national growth. To give you an idea of how much this man will generate in revenue per annum, Nigeria is currently spending about N2.6 trillion on the importation of refined petroleum products per year, now add Ghana and other African countries that he will be exporting his product to. Now do 10 years financial projection, he would have made his investment capital for the whole project on just petroleum products even before western nations fully adopt electric car, talkless of African nations.

On Tomato factory, Dangote said with low dollar liquidity it is hard to source for forex to import raw materials needed to meet demand, hence, his resolve to follow his usual path, take over the entire industry by building all the value chain and logistic channels (raw materials, manufacturing, and supply chain).

Dangote is one of the world's most creative entrepreneurs, and for the record, his business strategies are being studied across the world. I just hope Nigerian youths will pay attention, learn and follow his blueprint. ITbomb, SOFTENGR, Afam4eva, Rainmania, CharlesJok3r, obembet, Olatara, Bishopsgate, ElFabchuks, lekkan, LegDoLand, abdullkabar, Pharaoh9, LordKO

Solstar:
To your last line, I am not a tribalist, and I will never be one. Neither I will adjudge any human based on race, tribe or color, but I will use religion as a parameter some times because it is inductive learnings, the Gods have me to query for that. And I can sort it out with the Gods.

Regarding the Corporate Credit ratings of businesses in Nigeria, do not be carried away, banks beg me to come and take loans too, Yes and I am not boasting here. I design my whitepapers and design businesses that cant fail, because I start my businesses with understanding that they are bound to fail, then I start designing optimization and process-focused templates to cement the pot-holes and none of my businesses can actually fail, because competition is almost zero here if you are equipped with the right moets.

I had to paint the above picture to show you that Dangote's corporate rating is not the chief reason he is being hunted for loans. Nigerian banks are lazy, they are run by players who are too scared to design Special Purpose Vehicles for the Nigerian business climate. Because every borrowed whitepaper, which we are good at, in receiving from World Bank and/or IMF are designed to fail, and even the Western business concepts will fail here except we customize and optimize them.

Lest I forget, Dangote made a silly mistake by listing his equities on the Western Stock Exchanges. Irrespective of the dynamics of rampaging bulls or bears coming out of hybernation, (people vest on Wall Street and stocks will understand me better), emerging markets are a clean chop chop for the powers that be. That is why he lost so much billions. Emerging markets have no business in New York Stock Exchange or London etc, except you are smart enough to stay invisible and trade under a different Logo, which is not what anyone wants.

Dangote might be richer than I am, but trust me, he has more money than he has the brains that I am equipped with when it comes to running consortiums on a scale that I am talking about.

But this is Nigeria, no one seems to read, we just worship people because they have money, but then again. What do I know.

fluentinfor:
Poor analysis by the writer in my own opinion. So, the writer is saying that the richest man in Nigeria did not carry out his research very well? Well, I am sure the writer is naive about agriculture in Nigeria.

Dangote is not only a business man and investor, but also a philantropist.

Let me tell you, he ventured into agricultural processing because he does not want to take over the opportunities for farmers to earn more. If he had established his farm, all those poor farmers would have been crying that he took their land, jobs etc. Are we not in this Nigeria when one state governor was forcing him to invest in farmers in the north? They refused to sell him land, but suggested he partners with local farmers. You and I know how land issues are in Nigeria.

But have you really worked with those demons called local farmers? You get them free input - seeds, fertilizers, agrochemical, etc and they will produce well. Instead of them to sell back to you with discount as the contract says, they try to play smart by selling to another buyer in order to get full price. But you gave them the input free of charge. I guess the writer is naive who just woke up to write gabbage. The writer is the one with spiritual problems and not Dangote. Funny writer, he is asking if the richest man in Nigeria who can feed 10 generations of his, has got spiritual issues? Obviously, he is the one with spiritual blindness.

Is the writer in pluto when ebola bombarded tomato farms some years ago? Oh! The writer thinks it is accidental it was the same period Aliko Dangote's factory was just starting? The writer is naive seriously that he does not know there are cabals in Agricultural businesses. So, if most farmers in Kano or Kaduna sell to dangote tomato factory, how will those cabals that import tomatoes to Lagos, Ogun, Uyo, Ibadan etc make cash. Do you know the kind of commission these cabals take from every truck that enters major markets? Seriously, some writers are suppose to be spanked. And this one is a candidate for 100 lashes.

This writer does not understand how GEJ and Adeshina Akinwunmi fought cabals in fertilizer subsidy. Honestly, some people just talk foolishly. And this writer is one. So annoying gabbage he wrote. I wish to know him personally and talk wisdom into his blocked head. So annoying.

Dangote knows the game. Let us just watch him. I believe his focus is more on the oil refinery he is building. In my own opinion, Aliko will be back. Aliko knows he needs to fight some cabals to make it work. Just let us wait patiently and see what happens next.

Lastly, it is true. Nigeria produces tomato almost too much. Majority get spoilt. It is very true. Successful tomato farmers are super rich. I know this because I am a farmer. My advice is that we should learn about a subject before making comments so we do not show some level of stupidity. It is annoying when people with zero faculty talk nonsemse about great minds. Aliko has my respect anyday, anytime.

Afam4eva:
Tell me who has wielded as much monopoly as Dangote has in the history of Nigeria?

The reason i'm calling his business acumen to question is that in every industry that he has delved into except cement and places where he had monopoly, he hasn't done well and has had to close down. Is it Dangote Spargetti, Indomie and the Telecoms company? Now the tomato company? Someone like Dangote, should, in the least do proper feasibility study before delving into any business. That's the baseline.

Afam4eva:
Tell me who has wielded as much monopoly as Dangote has in the history of Nigeria?

The reason i'm calling his business acumen to question is that in every industry that he has delved into except cement and places where he had monopoly, he hasn't done well and has had to close down. Is it Dangote Spargetti, Indomie and the Telecoms company? Now the tomato company? Someone like Dangote, should, in the least do proper feasibility study before delving into any business. That's the baseline.

Solstar:
I love the way you ended it. It is not a spiritual attack, it is a religious attack.

Nigerians spend all their time fasting and praying and forget to get creative, then they run around to find fast money in order to buy imported food, cream, phone and wrist-watches so they dont have to waste time being creative when they should be worshipping God. Now churches run 5 services on Sundays, and a midweek service on wednesdays, not forgetting tarry nights and vigils.

The mohammedans are not left out, they pray a fuccking 5 times a day, and are constantly checking their time to make sure they dont miss a date with Allahu, what remains of their time is spent separating quarrels between their 4 wives, the rest is spent reminding the kids of the need to go to the Alfas and Imams for tutelages.

So, what time do we have to plant tomatoes or engineer apples that can grow on our climate.

We are not poor because we are religious, we are poor as a country because we have found an excuse in God.

Yet money does not grow on trees. Dangote should have known better. He has been making serious business mistakes of late, one of which is building $18B Refinery when electric cars and solar panels are the future. I really question the true source of his wealth. How are his projects financed ? From which sources ? He pays back loans at the speed of light, well, almost. Just to create impression of 'source' ? It could be these politicians just financing him till his retirement and eventual demise. It could just be a ponzi that takes money from early mules and paying the new politicians. I envy the man, I truly do, but if I have access to such money, then I should be able to buy up Nigeria and put everyone on a universal basic income from what I can do with that money.

As it is with the tomato factories, so will it be with the refineries in the next 20 yrs. This is the new world order.

ashjay001:
Since d op, called himself, opinionated, I wan pass, but as u sef don chook mouth, make I join u

Person invest that kain sum, u dey make noise, say no produce na him cause am? Ur write up, na just postulation! And, until we hear from d horses mouth, all na postulations!

Nigeria, has an immediate need for refineries, billions will still be made, before electric cars become d norm!

I refused, for d past several years, to grow my biz(diesel gens), cos I tot, our leaders, can't but get power right. Nowadays, I'm far behind my contemporaries, waiting for salaries, to survive

Thats how, pple like u, were saying, cement manufacturing, ain't viable, we all know, how that's ended up

ahiboilandgas:
factory is owned by sani gote dansa not aliko dangote of dangote group

SailorXY:
That Dangote of a man is scam personified. I laugh when I read some comments about how being "shrewd" is key & mostly wonder how terrible the average Nigerian man is @ reasoning.

Very few families swallow what is meant for a massive population through shenanigans that are not even clever by half & most of the dying souls in the same population are the chief defenders, cheerleaders & rioters for status quo to fester.

lekkan:
Fool is your LastName..... Did the OP ever mention anything about religion Why not go through the write up again or give it to people who can read and understand to explain to you??

36STATES:
Dangote doesn't run a business where there is no monopoly and government helping hand.
Check all his business, they are out of the reach of anyone without government backing.

Afam4eva:
Did he not do a feasibility study before venturing into a business with limited raw material?

As much as i respect Aliko Dangote, i think he's overrated as a business man because i can count how many businesses that he has failed at even as Nigeria's business man.

Opinionated:
By Aroms Aigbehi

Spain produces 850 000 mT of raw tomatoes yearly. That is 12% of total European production. That is a lot of tomatoes because the Europeans eat lots of tomatoes. Lots of Nigerians work in the tomato farms in Spain.

They have so much tomatoes in Spain that once a year the Spanish will come together and have a very big tomato fight on the street. They will come with truck loads of tomatoes and people can fight each other with it all day. It is tradition and nobody gets hurt. But when you go to Spain just make sure you stay away from the Bull Run. That one also happens every year but don’t mix them up.

In Nigeria, many brilliant people thought the problem of tomatoes shortage was there wasn’t enough processing power to process the tomatoes produced, and were left to rot. Mr. Aliko Dangote got that information too, so he thought why not build a mega tomato factory to process all that tomatoes?

But he thought lets have a plan B. Lets recruit more farmers to produce tomatoes in case the present capacity was not enough.

As it happened, when the factory was completed the tomatoes available in Nigeria could only run the factory for few weeks and there wasn’t enough tomatoes. The country produce too little. Where are all the tomatoes the Minister said were spoiling in Nigeria due to lack of processing power? Stories.

Now Mr. Dangote is stuck with his tomato processing factory and has called in the Italians to come and build and run a very big tomatoes farm in Nigeria so he can run the processing factory.

This is the problem when people believe in fables and live in a fictional reality.

Hmm. could it have been a spiritual attack on Dangote?

Source: http://www.opinions.ng/dangote-closed-tomato-factory/

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ALCOHOLKILLS:
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Ecstasy154:
http://www.punchng.com/senate-cant-summon-president-govs-ig/

Omololu2121:
if no be for our useless leaders,while people go dey travel up and down

GavelSlam:

The constitution permits him to send a deputy.

Why is this difficult to accept?

Have you heard NASS citing any constitutional breaches by him?

I think you guys are being sentimental.

hush15:
I read and comprehend it all. He sent someone to represent as allowed by law. When they said they want him nko, which is precisely the point, he isnt too big to appear. When he sends a senior surbordinate to address national issues, then it doesnt reflect the seriousness it requires. Its like Buhari sending a minister of state to present the budget of the nation, not even the minister. Its never adequate. The least i expect him to do as the stalwart of his institution and a mature statesman, is to appear and give whatever reasons and probably enlighten them on things they dont even know and ask them to direct further questions to the Director of Operations. All what he is doing is premption and taking the request personal. To him, its about Dino when he doesnt have a clue what he is going to be asked.

Nobody is above the law, when the police invites anybody and they refuse to appear, what then becomes of the person is the very reason why he needs to be there to show and lead by example but he his police, he will use all the arsenal to intimidate whoever is invited.

Nigerians can agree or disagree and but i know we are shooting ourselves in the leg for tolerating such rubbish as the IGs behaviour. Posterity will repeat this and i cant wait to hear what people will say then when its not in their favor.

hush15:
I read and comprehend it all. He sent someone to represent as allowed by law. When they said they want him nko, which is precisely the point, he isnt too big to appear. When he sends a senior surbordinate to address national issues, then it doesnt reflect the seriousness it requires. Its like Buhari sending a minister of state to present the budget of the nation, not even the minister. Its never adequate. The least i expect him to do as the stalwart of his institution and a mature statesman, is to appear and give whatever reasons and probably enlighten them on things they dont even know and ask them to direct further questions to the Director of Operations. All what he is doing is premption and taking the request personal. To him, its about Dino when he doesnt have a clue what he is going to be asked.

Nobody is above the law, when the police invites anybody and they refuse to appear, what then becomes of the person is the very reason why he needs to be there to show and lead by example but he his police, he will use all the arsenal to intimidate whoever is invited.

Nigerians can agree or disagree and but i know we are shooting ourselves in the leg for tolerating such rubbish as the IGs behaviour. Posterity will repeat this and i cant wait to hear what people will say then when its not in their favor.

hush15:
Thats the problem with this country. We all keep encouraging impunity acts and forget one day, when police maltreats us, nobody can stand against them. We look at the people not the institutions and not until we strenghten our institutions, we cant make progress.

This is abusing the Senate, when Saraki leaves, and another senate recovenes, the impunious acts set by this APC lead government will always surface. People make this about Saraki and the people there but they forget the the NASS will remain even after Saraki has left.

Why would an IG think this way, that means he is aware of the maltreatment of people in the public domain and he doesnt see anything is wrong, Whether its Dino or any nigerian. It is wrong, no matter how evil saraki is. He is still wrong and guilty conscience is worrying him.
This same explanation he is giving can be the same explanation he gives when at the assembly. This is just all about the ego and audacity. Whether we like it or not, the senate can summon him as long it falls on their oversight functions and the constitution guarantees them that it can be anybody, not just ministers as you stated. Its only screening of political appointees thats resteicted to ministers but to question and find out whats going on which constitutionally falls under their powers, they can request anybody from ordinary citizen to the president. Afterall, if the president can come to the senate to present budget whether ceremoniously or otherwise, why cant the IG come to the senate to explain the insecurity going on across the country. Its not like when he is done, they will then tie him down there. NASS dont have cells or hold down areas in the complex, even ordinary thugs could access the complex and still a maze. So what the problem of the IG.

Nigerians should not tolerate this act. It is wrong to the very core. Its bad precedence in the history of our economy. US Security chiefs go before their senates and congress and their courts. Why would our own be different. This is not about SARAKI OR HIS GOONS, This about the Institution that represent our collective force against a government thats flagrantly disregard or disrespect the rule of law. The Senators may not be clean and not represent the people's interest for today but we shouldnt allow our institution be ridiculed. One day, when one good guys finds their way there to represent their people, we want their words and action to mean something rather than nothing.

Josh44s:
That’s Nigeria for you. Rotten constitution.

Reference:
Lawless country filled with people wondering why nothing works. We are the victims of the mess we create and the failures we experience.