₦airaland Forum

SlyDev:
Peter Obi to delegates: I’m on a mission to stop excessive use of cash. Give me 4 years, I will fix Nigeria

Delegates:

Emir01:
You may be sleeping bro. Most huge project across the world pass through this. Dangote is not a $5 billion billionaire.

Emir01:
.

And the refinery was factored?
Not talking about return here.
The sugar has a huge potential, if you're following up with backward integration and the investment he has made in Nasarawa and Niger. Rice will boom also just sit back and look. The potential is huge from fertiliser to oil nd gas.

Emir01:
How much is Dangote refinery?
How much is dangote fertiliser ?
How much is dangote rice farms and rice meals constructing everywhere?
How much is dangote construction company?
How much is dangote shares in UBA and many companies you're not aware?
How much is dangote sinotruck?
How much is dangote Peugeot plant in Kaduna?
Are they listed on NGX?
Dangote is far ahead

Yes, Sentiments and Fiction aside, no Nigerian company both public and private is single handedly worth 40 Billion USD.
I saw an earlier thread, that is populated by false valuations and I decided to debunk with facts.

The entire NGX, Nigerian Stock has a market capitalization of about 26-Trillion NGN ( 63-Billion USD --- 1USD/415 NGN rate ) divied up by 120+ companies.
Dangote Cement, DANGCEM remains the biggest Nigerian company by market cap. with a valuation of about $9 Billion. The company is also the largest component of the private Dangote Group and 70% percent of Dangote's net worth.

By extrapolating calculations into 30% of Dangote's recently appraised net worth, it is evident that Dangote Group falls below the $40 Billion mark.

As is convention, Public companies in all economies are worth more than Private companies in the same market. Therefore, the opinion that any Nigerian company is on par with the recent sale valuation of Twitter is rather optimistic but in actuality, false.

Emir01:
Dangote group will definately worth more that if he want to sell. How much is Twitter before this offer? The buyer will always look at future potential b4 placing such money. Dangote investments are very profitable and have potential to grow year in year out.

IMO01:
Dangote group

Crixxx:
The god of oluwa god of all yolobas
The master of eledumare and Muhammad

LeoDeKing:
Meth cannibals taking the shortest route to blame fulani herdsmen, dss, Tinubu and Buhari.

Rip to the dead.

PressMyButton:
Stop supporting criminals.

PressMyButton:
Stop supporting criminals.

mrvitalis:
Orange drug is building a mega factory close to imo airport so relax we are all coming home

** Indigenous automobile manufacturer, Innoson Vehicle Manufacturing (IVM) Company, has as part of its expansion drive, announced plans to establish another manufacturing plant in Owerri, Imo State.
The current expansion effort by the Innoson Group is to actualize its mission to become a giant in vehicle manufacturing in Africa by serving the country’s and continent’s vehicle needs.
This was made known by the Chairman of Innoson Group, Chief Innocent Chukwuma, when he received members of the Correspondents’ Chapel, on a facility tour of his plant in Nnewi, Anambra on Friday. **

WHAT THE CHAIRMAN OF INNOSON GROUP IS SAYING

Chukwuma who noted that the group have already acquired about 150,000sqm land for this project, appreciated the media for their continual support and partnership with his organization.
He said, “The Innoson factory expansion will be situated at Naze Owerri in Imo state. We have already acquired about 150,000sqm land for this project and construction works are ongoing.’’

PRODUCING FOR 5 AFRICAN COUNTRIES

Speaking at the occasion, the Head, Corporate Communications, Innoson Group, Mr Cornel Osigwe, expressed excitement over Governor Charles Soludo’s endorsement of Innoson vehicle as the official vehicle for Anambra state, which shows the durability and capacity of the made in Nigeria vehicle.
Osigwe said, “Governor Soludo is the first governor to use Innoson vehicles as official vehicle and we are hopeful that such endorsement will increase patronage from other state governments, corporate organisations and other well-meaning Nigerians.
“Presently, IVM is producing vehicles for about five countries in Africa including Sierra Leone, Mali, Congo, and Côte d’Ivoire.’’

INNOSON TO PRODUCE 60,000 VEHICLES ANNUALLY

Osigwe said that the group will increase its vehicle manufacturing capacity from 10,000 vehicles annually to 60,000 vehicles annually after migrating from manual production plant to a fully automated production plant.
He said, “The manual production plant has the capacity to produce about 10,000 vehicles annually but at the completion of the migration to a fully automated production plant, it will have the capacity to produce about 60,000 annually.’’

WHAT YOU SHOULD KNOW

*** Innoson Vehicle Manufacturing Company Limited. (Commonly shortened to IVM) is a Nigerian automobile manufacturer headquartered in Nnewi, Anambra State and was founded by Chief Innocent Chukwuma Nwala.

*** Innoson Vehicle Manufacturing is regarded as the largest indigenous automobile manufacturing firm and produces 70% of the car parts locally, while the rest is sourced from Japan, China, and Germany.

*** The newly sworn-in Governor of Anambra State, Charles Soludo, became the first Nigerian State Governor to use Innoson vehicle as official car.

LeoDeKing:
[s][/s]
Ain't given any years cos that's absolutely non of my business.

Let them become heaven on earth, their biz, not mine.

But sure, if I have the opportunity, that's exactly what I will do.

LeoDeKing:
I will carve some useless 5 villages out and get it gazetted within one day so next president has no option but to continue with the project.