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Nigeria’s Economy Can Be Turned Around In Months — Dangote - Business (7) - Nairaland

Nairaland ForumNairaland GeneralBusinessNigeria’s Economy Can Be Turned Around In Months — Dangote (26736 Views)

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Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by komzy589(m): 10:09am On Jul 05, 2024
Ttalk:
Many of you talk as if God created heaven and earth in 2015.

Why can't PDP do it in 16 yearshuh?
OriOko88:
Pdp tried by clearing the country's debt. Pdp regime had the highest external reserve ever. Google it. Naira was steady against the dollars during the 16 years of pdp. Naira never went beyond 200 to $. Google it. Bag or rice was 8k in 2014 during pdp govt. Google it.So don't just compare the two. undecided undecided
The audacity to compare PDP to this calamitous government is worrying.
Are you trying to tell me that you don’t see the level of damage this Tinubu and his party has done?🤦🏻‍♀️
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by realoscar84(m): 10:18am On Jul 05, 2024
Heartless profit seekers to come and salvage the economy of the nation is what I call delusional grandeur. Do they actually give a damn whether our economy is doing well or not as long as they are getting richer.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Smartcitizen: 10:19am On Jul 05, 2024
Image123:
If PDP had saved, Buhari would not have needed to borrow. Government is a continuum. PDP had enough and excess revenue to not borrow, yet they borrowed for even basic things like salary.
It's common sense. It's like person A(PDP) having income of 100,000 and expenses of 80,000 and yet borrowing. He should have saved at least 20,000 monthly but instead had negative balance and debt. Person B (APC) came in to meet the debt higher expenses like 90,000 and less income of like 60,000. Where's the magic that he would not borrow. Yet he didn't even borrow to pay salaries like PDP. Most of Buhari's borrowing was to pay due debt and for infrastructure.
Okay since you are in since you are in support of BUHARI and his borrowing, can you justify his borrowing in Just 8 years more than all the leaders of Nigeria joined together?

And what can we boast of BUHARI'S borrowing?
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by ufuosman(m): 10:29am On Jul 05, 2024
Observation
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Image123(m): 10:31am On Jul 05, 2024
Smartcitizen:
Okay since you are in since you are in support of BUHARI and his borrowing, can you justify his borrowing in Just 8 years more than all the leaders of Nigeria joined together?

And what can we boast of BUHARI'S borrowing?
Okay, so it's time to shift the goalposts from PDP didn't do well and should have saved for Nigeria, to Buhari's performance. And maybe after that, we'll move to Tinubu.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Kobojunkie: 11:42am On Jul 05, 2024
mukthar2000:
ok sir, but when end SARs started gradually do u know that we get to that extent bro?
No you did not! You all went out to play and when the heat got turned on, you all retreated back into your holes. Nothing like Kenya at all. undecided
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Kobojunkie: 11:48am On Jul 05, 2024
komzy589:
The audacity to compare PDP to this calamitous government is worrying.
Are you trying to tell me that you don’t see the level of damage this Tinubu and his party has done?🤦🏻‍♀️
They are all the same. PDP was lucky thing ma were fairly better in Nigeria so the effect of this ineptitude did not appear as bad as it does for the current group. PDP, APC, NPN ...all na thieves wey rob Nigerians blind! undecided
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Smartcitizen: 12:03pm On Jul 05, 2024
Image123:
Okay, so it's time to shift the goalposts from PDP didn't do well and should have saved for Nigeria, to Buhari's performance. And maybe after that, we'll move to Tinubu.
Shift the goals post as BUHARI and Tinubu are not APC people that has ruled Nigeria for 9 years now and has borrowed money like crazy people without anything to show for it?

I don't know why you are too emotional in analyzing your leaders in Nigeria.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by blackboy(m): 12:29pm On Jul 05, 2024
I agree but a corrupt system and government we have in place cannot deliver the needed change. Corruption is the biggest problem Nigeria has
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by DOM7: 12:29pm On Jul 05, 2024
That's a complete truth except that some devilish powers that be will not allow it when you insist on doing the right thing for the good of old the end your life.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Image123(m): 12:34pm On Jul 05, 2024
Smartcitizen:
Shift the goals post as BUHARI and Tinubu are not APC people that has ruled Nigeria for 9 years now and has borrowed money like crazy people without anything to show for it?

I don't know why you are too emotional in analyzing your leaders in Nigeria.
So you agree that you have shifted the goalpost from PDP didn't do well and didn't save when they should have. Have we made progress on this? This is objective reflection, you are the one being emotionally involved here.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by commoditiesnig(m): 12:55pm On Jul 05, 2024
Good one.. We wish Dangote and the PECC team all the best on this
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by cardoctor(m): 12:55pm On Jul 05, 2024
Dangote the magician
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Smartcitizen: 1:04pm On Jul 05, 2024
Image123:
So you agree that you have shifted the goalpost from PDP didn't do well and didn't save when they should have. Have we made progress on this? This is objective reflection, you are the one being emotionally involved here.
I don't know what you are talking about but I just want to let you know that all of PDP misgovernment and foolishness, PDP is in ramifications better than APC in hundred folds which the people of Nigeria are already confirming.

And anybody thinking otherwise is either he is a paid agent of the ruling government or he has a personal interest to protect.

That's the basis of this enhancement and that's what he asked you to Google between the LIVING STANDARD of the people now and before which you have refused to do.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by meobizy(m): 1:07pm On Jul 05, 2024
"Can" doesn't translate to "will." All these people profess are probabilities which illiterates hang on to. Naija don rotten, tey tey. It will take at least eight years to scratch the surface of our problems.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by blacknp(m): 1:28pm On Jul 05, 2024
OriOko88:
Werey leleyi sha. So anybody that speaks against the government is in poverty. Wht a slavery mentality. I have three brothers in US that send me money every two weeks. So we are not poor.
Don't assume everyone is in poverty like the slaves in ur family. Eleriibu
Indeed Poor Wailer.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by blacknp(m): 1:32pm On Jul 05, 2024
mukthar2000:
ok sir, but when end SARs started gradually do u know that we get to that extent bro?
Please mention just one benefit of society from your failed purported coup tagged endsars?

Did it stop corruption amongst the Nigeria Police?
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by blacknp(m): 1:43pm On Jul 05, 2024
OriOko88:
Werey leleyi sha. So anybody that speaks against the government is in poverty. Wht a slavery mentality. I have three brothers in US that send me money every two weeks. So we are not poor.
Don't assume everyone is in poverty like the slaves in ur family. Eleriibu
Them dey send you money every 2 weeks when dey get their paycheck after hard slavery menial jobs for oyibo man, why they no carry you go Yankee also, instead of sending money to their lazee bro in the zoo?
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Nobody: 2:25pm On Jul 05, 2024
Like 1 billion months
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by nairamaniac: 2:48pm On Jul 05, 2024
slimfit1:
If you know this much why didn't you contest.
Not everyone can go for elected office.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Image123(m): 3:10pm On Jul 05, 2024
Smartcitizen:
I don't know what you are talking about but I just want to let you know that all of PDP misgovernment and foolishness, PDP is in ramifications better than APC in hundred folds which the people of Nigeria are already confirming.

And anybody thinking otherwise is either he is a paid agent of the ruling government or he has a personal interest to protect.

That's the basis of this enhancement and that's what he asked you to Google between the LIVING STANDARD of the people now and before which you have refused to do.
Okay good, we are both agreed on the fact that the PDP era was a time of misgovernment and foolishness. Case closed, i am not interested in who is a better failure.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by PHAYOL81: 3:15pm On Jul 05, 2024
......with a magic wand?
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by kmaster007: 4:46pm On Jul 05, 2024
Make he start from him
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by budaatum: 5:19pm On Jul 05, 2024
He may have a point.

Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Kobojunkie: 5:25pm On Jul 05, 2024
DOM7:
That's a complete truth except that some devilish powers that be will not allow it when you insist on doing the right thing for the good of old the end your life.
...
blackboy:
I agree but a corrupt system and government we have in place cannot deliver the needed change. Corruption is the biggest problem Nigeria has
This man is part an parcel of the problem that is your government.

https://qz.com/africa/1098137/africas-richest-man-has-a-built-in-advantage-with-nigerias-government
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Smartcitizen: 5:51pm On Jul 05, 2024
Image123:
Okay good, we are both agreed on the fact that the PDP era was a time of misgovernment and foolishness. Case closed, i am not interested in who is a better failure.
What an emotional statement?

Hmmmm!

So you are DUMB about the destruction of Nigeria by APC for this 9 good years?

Oh common stop doing this to yourself!

I don't know if you know that you are talking with someone who believed and voted APC in 2015 election?

I'm always baffled when people like you who are neither in government or actively involved are doing this.

If you can take sides like this with people managing your affairs, hmmmm! I wonder the kind of future most of you are proposing for Nigeria.

It's just a pity.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by budaatum: 5:55pm On Jul 05, 2024
Kobojunkie:
... This man is part an parcel of the problem that is your government.

https://qz.com/africa/1098137/africas-richest-man-has-a-built-in-advantage-with-nigerias-government
Like the person eating with a long spoon is part of the problem the devil they eat with is?

I don't agree. Nigeria gave him lemons like it gives us all, just that he is smart enough to make lemonade while everyone else wails.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Kobojunkie: 6:00pm On Jul 05, 2024
budaatum:
■ Like the person eating with a long spoon is part of the problem the devil they eat with is?
I don't agree. Nigeria gave him lemons like it gives us all, just that he is smart enough to make lemonade while everyone else wails.
The man is notorious for pushing for policies that benefit him and him alone in a country where there are over 220 million other people. Putting such a man in charge of economic decisions in that same country amounts to making him a greater king than he already is while nothing will change for others; this man has not helped change the lives of other Nigerians for the better the numerous other times he has engaged the government. undecided
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Image123(m): 6:03pm On Jul 05, 2024
Smartcitizen:
What an emotional statement?

Hmmmm!

So you are DUMB about the destruction of Nigeria by APC for this 9 good years?

Oh common stop doing this to yourself!

I don't know if you know that you are talking with someone who believed and voted APC in 2015 election?

I'm always baffled when people like you who are neither in government or actively involved are doing this.

If you can take sides like this with people managing your affairs, hmmmm! I wonder the kind of future most of you are proposing for Nigeria.

It's just a pity.
Someone who doesn't know the level of damage done by the PDP calling another dumb must have a lot of jokes.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Smartcitizen: 6:08pm On Jul 05, 2024
Image123:
Someone who doesn't know the level of damage done by the PDP calling another dumb must have a lot of jokes.
I will know you are delivered when you start balancing your judgement and not just mentioning PDP alone in this carnage.

ARE YOU AN APC ONLINE PAID AGENT?
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by 7upnigeria: 7:01pm On Jul 05, 2024
Kobojunkie:
He is a business man yet what is missing is a track record to show he in fact cares about the Nigerian economy and the people he pretends to speak about. Come on! undecided
Until he starts feeding you and your entire family before you know he cares about Nigerians.He's the biggest EMPLOYER OF LABOUR IN NIGERIA. Ending poverty is not about dashing people money but about CREATING EMPLOYMENT. Dangote used his personal money to construct part of the Oshodi-Apapa expressway. Go and read about his various donations in different parts of Nigeria whether during Ramadan or at other times.
Re: Nigeria’s Economy Can Be Turned Around In Months — Dangote by Vision101(m): 7:50pm On Jul 05, 2024
Baxilexi:
I celebrate the feats you’ve achieved in your career. My submission still stands that everything has been subjected to political fervor and not nation building.
I’ll share two personal experiences of why exporters and foreign investors struggle.

Exporters:
2016, I had a gig to make delivery of grains to a foreign merchant. I went from Abuja to Bida in Niger state by road, crazy experience (folks up there pray on the roads impeding traffic flow). Got to the grains market there bought samples, made quotes finalized plans.
I asked, what would it cost to transport these goods to Lagos, the seller said, (and here’s the government impact)… there is a shorter route between Niger state and Lagos but there are robbers on that route and we don’t use it anymore, the other route, the roads are bad but safer. So the price ended up being at about 200-250k per cargo.
My questions - how would governors, who have a constitutional/social contract and duty to protect lives and properties seat, take salaries and watch these things destroyed?
Are you aware of how much goods that have been lost to theft and bad roads hence discouraging investment into exports?
Have you seen an industrialized country where railway isn’t a priority? Linking ports and regions?

Second story - investors
2018, I accompanied someone to a customs yard in ikorodu. This was touted to be the graveyard of peoples investments and dreams. I had to see it myself.
Containers upon containers all considered forfeited due to exorbitant demurrage charges.
Now here’s the problem, they take out what they like (the good stuff), and auction the rest at ridiculous prices to anyone.
I visited a guy, a returning customer as well, he has a spot a short distance from the yard. I saw expensive manufacturing equipment, pumps, radiators, electronics, generators etc. all being sold as expensive scrap.
My questions, taking a high handed stance to the detriment of the company, job security at the company and economic collapse or being flexible with custom duties which would be better? Is the government not aware of this racket? Which policies show genuine support for manufacturers?
Is it the exorbitant or illegal export duty charges that have been reported severally in the dailys perpetuated by custom officials.

In other climes it is possible to clear goods without completion of the whole custom fee, you’re given a ticket (bill) and timeframe to pay up, they are aware of the importance of the equipment to your business and they hope and wish you well.

There’s so much more to tell but what I do know is the politicians are implicit/complicit and complacent in all of this. They only care about their pockets. The irony of this is they need a thriving economy to steal, but we have the unlucky combination of unintelligent, greedy and corrupt politicians.
Good stories and very reflective of our system. The truth is that we and our leaders(civilian and military, past and present) have been spoilt by availability of petrodollar(easy money). Our leaders don't think of how to generate money but how to spend money. That's why everyone is rushing to be one. God will deliver us.
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