deenee:



All that you have said is correct but you are still mixing apples snd oranges and acceptance of an EV revolution has nothing to do with the tribe of the person in power in Nigeria.

For EVM to make sense, there has to be infrastructure to support it in Nigeria and Africa. Unfortunately, the infrastructure deficit won't allow this. Unless, as I mentioned earlier- back to back consistent investment in the infrastructure outlay which will take at least a decade to bring to fruition.

Secondly, what is the purchasing power of the average Nigerian/African? Less that 2% of the entire population will be able to buy a EMV ( new or tokunboh at an price range of USD40k-USD120k!)

We always make this mistake of drawing quick straight line comparisons between Africa and the "developed nations"

You haven't talked about charging ports, electricity, security, good roads, etc and you think it's Electric Motor Vehicle that the government (incumbent or incoming, irrespective of tribe) will face?-think again

As per Dangote, his target market is Africa same as he has focused his other companies in line with his Africa focused business operations model.

The refinery is currently valued at USD50billion if we prorate using the 20% minority equity investment from NNPC. That's already USD10billion into Dangote's pocket already. He plans to float shares on the NSE (about 15% and sell about10% to other strategic investors. With these deals alone, he would have made his money back even before the refinery starts work and still be a majority shareholder with 55% ownership!

God bless Dangote
God bless Nigeria

Well said. Also, there are other products from refining crude oil that serve the petrochemical, plastic and aviation industry. These will also serve to generate more revenue for the refinery.

TheExclusive:


Well said. Also, there are other products from refining crude oil that serve the petrochemical, plastic and aviation industry. These will also serve to generate more revenue for the refinery.

Very apt. Thank you

This project has suffered cost over runs and delays; right now I'm not sure that even the project managers can say precisely when it would be completed