₦airaland Forum

Aliko Dangote is one man that many people love to hate because of his immense wealth but they can't admit that they hate him because of his wealth so they have to conjure up other reasons why they dislike him.

Some have said it's because he is a capitalist (as if we are not all capitalists 🙄) while some accuse him of being a monopolist and point to his cement business to justify their false claims. In reality, Dangote is just one of at least seven major cement manufacturers in the country so it's impossible for him to be a monopolist in the sector even if he is the biggest player in the industry.

Of recent some people decided to hold him responsible for the fuel scarcity and increasing petrol prices in the country just because his refinery has commenced operations while conveniently forgetting that Nigeria has a fifty years history of fuel scarcity and petrol price increases.

For me as someone who has a deep understanding of how the economy works, I see Dangote as a national hero that should be celebrated. His investment in the cement industry saves Nigeria $3 billion in forex that would have been used to import cement every year while also creating over a hundred thousand jobs in the cement industry value chain.

His refinery and Petrochemical company will not only save Nigeria $10 billion in forex used to import petroleum products annually, it will also generate an additional $9 billion annually in exports of petroleum products, fertilizers and petrochemicals thereby positively shifting Nigeria's balance of trade by at least 30% which will lead to an appreciation in the value of the Naira. The refinery will also create over 400,000 jobs in it's value chain.

Where others sees problems, Dangote sees solutions and he has made his wealth by solving some of Nigeria's biggest problems and this is exactly what he did with his refinery to help solve Nigeria's fuel supply problems.

In response to the completion and the successful beginning of operations of the Dangote refinery, Forbes reviewed his networth and now estimates Dangote to be worth a whopping $28 billion. While this seems very impressive, the estimate is quite conservative as it could easily double when the refinery ramps up production and after a year or two of smooth operations. Listing the refinery on the stock exchange would also result in a significant increase in it's value.

No individual dead or alive has had this much positive impact on the Nigerian economy and Dangote definitely deserves to be celebrated for this laudable feat. For adding so much value to the economy, he certainly deserves all the wealth he has acquired. Congratulations to him as he zooms up to Forbes billionaires list.

They are just pained.

As usual, some people are just born to be bitter. They can't just fathom how one person could be so successful in life.

When this unfortunate country finally dissolves, those of you that want to front this heartless man as the poster guy for "good businessmen", can then go ahead and own him or put his big head in your new currency. But for some of us, his ruthless business tactic of destroying competitors and setting the highest prices for his products, are extremely dangerous practices that can never grow any economy.

He invests heavily in Nigeria and should be applauded for that. But at what cost? A whole generation should not be enslaved at the alter of a hyper greedy capitalist, whose ambition to be the richest man around, is painfully turning his fellow countrymen to the poorest humans around. Floor, sugar, cement and now Petroleum. Once he gets in, prices hit the roof.

He is a national asset.

Shadomaan7:
As usual, some people are just born to be bitter. They can't just fathom how one person could be so successful in life.

Bitter at what? Is he the only successful person in the country? Is there any serious developed or developing country without some "anti monopoly" and "price regulation" laws? Why blackmail critics with bogus tags? He sells cement cheaper in Kano than he sells in Kogi state! Yet his cement are produced in Kogi. Make that make sense.

A man some lazy and backward thinking Nigerians love to hate.

Dangote has no single positive impact on Nigeria's economy today. He has the powers to do so but greediness and self centeredness will never allow him

I see people supporting him as ignorant. Only if those who know his business and all he is doing can have the authorization to talk

ElSudani:
A man some lazy and backward thinking Nigerians love to hate.

Nah it's only the lazy and ignorant that attribute dangote to contributing to anything good for his country

He is a self centered selfish greedy business man. Which is not that bad. But making it look like he is helping Nigeria is where those who know what that man is really doing gets angry

Toh

So many people are just confused

Zionmdde:
Nah it's only the lazy and ignorant that attribute dangote to contributing to anything good for his country

He is a self centered selfish greedy business man. Which is not that bad. But making it look like he is helping Nigeria is where those who know what that man is really doing gets angry

Maybe he is everything you said but he is more than just that. He employs thousands of Nigerians and he is a major forex earner for Nigeria even before his refinery.
He is a philanthropist who has been donating millions to universities and other organizations across the country.
While you hate him for his perceived shortcomings don't forget to commend him for his enormous contributions to the development of the country.

ElSudani:
Maybe he is everything you said but he is more than just that. He employs thousands of Nigerians and he is a major forex earner for Nigeria even before his refinery.
He is a philanthropists who has been donating millions to universities and other organizations across the country.
While you hate him for his perceived shortcomings don't forget to commend him for his enormous contributions to the development of the country.

Those things u mentioned is an attribute of every business man. He employs thousands who help him make his money. So he is not doing anybody any favor

He is a forex earner by exporting his fertilizer while local farmers can't afford his fertilizer. He is a philanthropist who mines limestone and sells cement at the highest price possible to the same indigenes of the land where he gets the limestone from

He donates money like any rich man will do to wash his image.

As I said he is a selfish greedy business man, which is not a sin. But painting him as a savior to Nigerians is ignorance
Maybe you should wonder why he is fighting for petrol importation to be banned. If his price is cheaper, he has no business fighting importation

Well articulated.

Zionmdde:
Dangote has no single positive impact on Nigeria's economy today. He has the powers to do so but greediness and self centeredness will never allow him

I see people supporting him as ignorant. Only if those who know his business and all he is doing can have the authorization to talk

This is what is called arrogant expression of chronic ignorance.

MrPristine:
This is what is called arrogant expression of chronic ignorance.

Argue with the facts you know. Tell me how a common man is being impacted by dangote? Don't argue in the line of tribalism ooo because I know dats all you can do

Aliko Dangote is a national treasure.

Anyone that doesn't see that is just a hater.

Zionmdde:
Argue with the facts you know. Tell me how a common man is being impacted by dangote? Don't argue in the line of tribalism ooo because I know dats all you can do

His investments in the cement industry and refinery business alone will create in excess of 500,000 jobs for Nigerians which the common man will be the direct beneficiary. That asides he is doing more than any other Nigerian to reduce the country's forex expenditure while he has become the biggest earner of forex in the country which goes a long way to stabilize the value of the Naira.

MrPristine:
His investments in the cement industry and refinery business alone will create in excess of 500,000 jobs for Nigerians which the common man will be the direct beneficiary. That asides he is doing more than any other Nigerian to reduce the country's forex expenditure while he has become the biggest earner of forex in the country which goes a long way to stabilize the value of the Naira.

Investment in the cement industry? Same cement that a common man buys at extra ordinarily high price. Limestone mined at almost free of charge, but yet it's very expensive. 500,000 jobs created? You mean 500,000 people sweating with slave-like salary and income to keep pushing him to be the richest man?
Creating jobs Creating jobs as if only him can run his factory but he decided to give people jobs

How far has his petrol stabilized the currency?
Why are marketers pushing to resume fuel importation?
Does it mean his locally produced fuel is costlier?
Why are Nigerians not relieved even one bit with his fuel. Isn't it supposed to relieve Nigerians a bit?
Since he has started buying crude in naira, why hasn't he slashed down the price of fuel?

For your info, people open business for profit and not for job creation or forex anything. So tell Mr again how dangote is benefitting the common man