₦airaland Forum

franchasofficia:
OH yeah, Forbes focuses on accessible income and assets, especially publicly held shares in their ranking.


There are many richer people who don't have huge publicly held shares and publicly known assets that Forbes can access

Own multiple companies doesn't automatically increase your networth, it is the value of the companies.

DomPerignon:
He built his wealth legitimately and he was hiding it in shell companies and properties across the globe?

Last time I checked, legal wealth were all hidden in shell companies, offshore companies, trusts, family offices. Only an uneducated, ignorant fellow built wealth and exposes his/her wealth instead of hiding.
There is a stage of money that nothing be your name and should be hidden. This stage is where Nigerian politicians and religious leaders use to present false humility to there followers who are ignorant.
We also heard a popular presidential candidate telling his followers he has no house in Abuja. That is a good example but most of his followers that know.

RedChair:
If all I have been reading about him is true, I am becoming very disappointed in the man.

You are getting disappointed of seeing how wealth is structured or what?

EponObi:
Just looking at the wealth distribution in the illustration, you can easily see Wigwe wasn't clean. I won't say more than that.

What makes it unclean?

420Explorer:
Criminals disguised as bankers.

Please,can you explained what is criminal in the article.

Idaytesj29:
Well, I don't know how current or informed you are, it may be a sector where you worked.
I believe transmission of electricity should not be that hard.

National Grid should be decentralized, the 6 geopolitical zones should have their grid. Let's decentralize this and allow for the unbundling of this chaotic approach

The New Electricity Acts have signed by late president Buhari has decentralized the entire but the federal government is still in charge and doing some expansion.

Idaytesj29:
We are not generating enough... 200 million plus people and industries can not rely on 4000MW of electricity, it's too small.

If they add 20,000MW they will have to increase the transmission capacity for sure

Nigeria's electricity problem is caused by the federal government through TCN with a 5,000MW transmission capacity and not the generation with 14,000MW.

OredoPikin:
The refinery he built, we can't afford fuel
His cement is the most expensive in Nigeria
Yet u want him to invest in power.
Are u even normal at all

You who keep voting in bad government that promises to reduce your purchasing power, are you normal at all?

Fiscus105:
It's the responsibilities of your govt to make it affordable and not Dangote, tell them to reduce tax burden and subside things for masses the way they are doing in advanced countries and see prices come down.

Today, in every ₦12,000 a bag of cement you buy, your govt taken ₦5200 as tax.

So, no where to channel Ur greveiance and ignorant to.....

It is only in Nigeria that citizens are afraid to confront a problem especially if government is the cause, they prefer to shift blames and use religion phrases to give themselves hope.
About two months ago, the Nigerien government placed a 50% subsidy cement while Nigerians while on a blame shifting conference.

akaahs:
U need ur head to be examined.
Most we suffer what other countries are suffering when have crude oil deposited in our backyard? What happens to fixing our own refineries and saving for the rainy days like this?

How does fixing your own refinery save you from high oil prices when all subsidy has been removed?

Razzness:
This is the handiwork of the US and Israel; not everything is Tinubu.

It 100% the handwork of Tinubu who promised to reduce the purchasing power of Nigerians during his campaign.
Tinubu met forex at an official rate of ₦450/$ but today, it is over ₦1,350+.

Tenses:
The USA has 131 active oil refineries while Nigeria has 1.


Which country benefit more?

Nigeria with just 1 active refinery or USA with over 100 refineries?

How does a 100+ refineries become a prevention against bad government policies?

Tenses:
To some extent.

To some extent like?

Tenses:
I am not against dangote. If not for him Nigerians would have had it real bad in this USA-Iran war.

I am only showing concern about the monopolistic nature of the most important sector of our economy.

Two or three working refineries will do a lot of good to nigeria and will not negatively affect dangote.

When did two or three refineries become solutions to bad government policies?

Inspirer1:
OPEC dictates output for member states, by controlling output they control the price of crude, OPEC currently allows a little above 3 million barrels for UAE to supply to the international market, but UAE are working on producing about 5 million barrels, so when they exit they can supply 5 million barrels if they so wish, and you know what that means, more supply leads to drop in price.

I have noticed that this textbook theory you quoted seems only to work on intangible assets that cannot be seen or touched like stocks, ETFs, cryptos etc and not physical commodities like oil, gold. UAE increasing oil production in not equivalent to price reduction because oil prices are determined by long and short positions taken by industry players on commodity exchanges and not necessarily physical demand and supply. Also, industry dustry players will also create artificial scarcity by floating oil tankers

Oakenshield:
Baba is just playing pingpong with Nigeria. He has no reason to increase price if our useless refineries were working will dangote be doing all this

You played pimpong with yourself the day you fold your hands and watched Tinubu removed petrol subsidy

LabStores:
This is unbelievable

While fuel price is reducing around the world, Dangote is doing the opposite...

Government around the world are introducing subsidies and tax relief while your own government celebrate trillion naira revenues generated from high taxes and Nigerians quote imaginary monopoly and competition theory to feel good.

Inspirer1:
Well, they should enjoy the series of increment while it lasts...

UAE will soon do the needful, 2 more Arab countries could also follow UAE out of OPEC later, importation will likely become cheaper, hopefully there won't be complaints that we have a refinery yet we are importing.

Cheaper? Are you aware that OPEC is regulatory body that controls and restricts oil prices of its members?
Exiting OPEC is like Tinubu government removing petrol subsidy to increase the price.

Abaziaka:
The failure of the Nigerian government to get its own refinery working you result in dangote tose the Nigerians up and down with whatever prices he decided to sell his product

The failure of failing to realize that Tinubu government has removed petrol subsidy on May 27th, 2023 means petrol will be totally subject to international prices is the beginning of toss.

cyril10:
Dangote now determine petroleum prices in Nigeria, he likes monopoly sha.

Where is the monopoly?

Basic123:
In term of infrastructure APC is miles ahead of PDP


In term of workers welfare and populist policies PDP is far ahead


In term of economy management the are at par

Which par?
Nigerian has the fastest and the latest GDP nominal under PDP until APC came in 2015 made Nigeria the poverty capital of the world.

Parachoko:
What an ignorant and shameful comment.

Wetin concern Oshodi Apapa Expressway wth Dangote Refinery at Eleko? What's the correlation between the two?

You better delete dis your Slow and Ignorant comment

Oshodi Apapa was rehabilitated by Dangote Industries Limited and the propaganda APC government

Equity15:
I didn’t see EU in the affected region. Probably because they sabi EU wahala

What will EU (the most advanced economic region on earth) be doing with android 5 and 6?

saintbillion:
Both bro.

Which one is both again?
You are suffering under an oppressive government and you are still shifting blames.

ZUBY77:
Oh I get it now. Government is borrowing to feed me?
Can you help me tell them to stop feeding me?

I did say the government is borrowing to feed you. Nigerian economy is heavily dependant on dollar loans, and without it. There be Internet to for you to come and express yourself.

Bluntemperor:
It is Overdue and should have been removed a long time ago, even before Cardoso governor of CBN.
Anyway,the Banks will always Find another means of deductions,as they know how to be dynamic in this Banking System.
God Bless CBN Governor and its Management.

If you think the federal government will increase minimum wage.and salaries of government workers and reduce taxes, then you must be joking.
Minimum wages and salaries of government workers are generated through taxes, so the government claims to remove by rebranding it and you keep paying it.

Mrexcell:
Nice one those thieves debit me #350 monthly for atm maintenance charges.

The thieves voted into power based on tribe and religion

coolcharm:
So the lowered the free transfer from 10,000 to 5,000 and then used card maintenance charges waiver to burr the lines.

🤣

The only person that understands Nigerian tax politics

Enddy50ty:
I know our local banks will take forever to implement this policy and come up with excuses why they can’t make those adjustments.

I also hoped you that this taxes generates the higher minimum wages and salaries of government workers.

saintbillion:
Those bank managers will still device another means of milking their customers

Bank managers or the CBN reducing minimum taxable transfers from ₦10,000 to ₦5,000?

akpumping7720:
I don't know what these commercial banks are maintaining for these high maintenance fees.

Go and ask the federal government that are celebrating trillion naira revenues generated from those maintenance fees

JuanDeDios:
Those banks will find a way to reintroduce them or something similar. I remember when CBN scrapped COT and people were happy. Before long, we were paying what's far more than COT.

Anyway, they've not yet scrapped the egregious "account maintenance fee", so the banks are still balling.

The problem of Nigeria!
The government in power oppresses the masses, the masses shift blames!
Every typical Nigerians knows that the government remove tax with one hand and collect back the tax with another.