Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life (16190 Views)
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by epainos: 6:43am On Feb 18, 2025 |
Well, I think Dangote made a reasonable decision to invest in an immediate benefit for Nigerians. We definitely lost the golden opportunity Dubai, Saudi, US, and other oil rich nation took. Well, this investment will just make life easier for us, and not to develop Nigeria. I believe Dangote's interest is always about himself. I have my reasons. And he isn't the only one but almost all the Nigerian billionaires. I pray we find someone who will invest for the future generation. We need big time investment in housing. Government has started infrastructural development, and we need to start building modern houses. By now, Lagos shouldn't allow individuals to build houses anymore. Also, anything less than 25 storey buildings shouldn't be approve again in Lagos while reasonable low rise buildings should be retained to maintain a balanced eco-system. Anyone invested in these areas will not benefit so much personally, but they are investments for future generations that will position Nigeria among wealthy nations. You can imagine having like 500 high rise residential and office complex along Ikorodu Rd to Ikeja. And Surulere and Mainland are positioned to maintain low and medium rises. Other areas are green energy, artificial Intelligence, and yes....nuclear innovation. But the area I want to see real attention paid to is the inclusion of the disabilities in our economy. We need to put these wonderful people into consideration that they are citizens too who can contribute to the GDP if we include them. We need to include them in our infrastructural development. It is well. I won't criticise or praise Dangote, but at least, let's be grateful that a reasonable competition in the oil industry has been giving birth to. NNPC has destroyed too much, but we can only pray for an advancement. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by sinola(m): 6:51am On Feb 18, 2025 |
Bros, it wasnt a risk. You and Nigeria govt had everything planned out and carefully strategized. From time immemorial, you have been enjoying all the privileges and support that no Nigeria had never got from Govt. If i am given as little as that support from govt, your money no go see my back... Aswear |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Arostar2023: 6:54am On Feb 18, 2025 |
ImoleNaija:Wetin you wan hear? You won't hear it from my mouth abeg ![]() |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Fuckyoumod: 7:03am On Feb 18, 2025 |
jaxxy:And you believe that his refinery cost $23 Billion? How come that it is only dangotes refinery that is the most expensive on earth? Mumu Nigerians, no sense, no head to think and process information. Dangote over inflated the cost of his refinery! Check the average cost of other large refineries around the world. Then ask yourself why is it that it's only in Nigeria that things gets so expensive to build? |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by omoredia: 7:03am On Feb 18, 2025 |
U use our money nah |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Fuckyoumod: 7:05am On Feb 18, 2025 |
elvisdaniels:but he lied about the cost, $23B can not be the cost of his refinery. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by yahmohy27: 7:09am On Feb 18, 2025 |
LegendHero:Thank you May he continue to prosper and overcome all the evil plans of his enemies |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Dongallant: 7:12am On Feb 18, 2025 |
SmartyPants:Please,how do you know? |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Babangidapikin: 7:13am On Feb 18, 2025 |
He's a great guy able to stay calm in the midst of storms. Even when you call him, he is always soft spoken. I pray he is able to liquidate his debt quickly and take lesser risky projects. Wishing all the best to Africa Best Entrepreneur. Biko spread your tentacles global, especially now that the world is changing rapidly . |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by georgeakins: 7:20am On Feb 18, 2025 |
9jvirgin:E dey pepper you and your dumb blodas |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by georgeakins: 7:22am On Feb 18, 2025 |
Fuckyoumod:Do you know how much he bought the land the refinery is situated on? |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by damkin24(m): 7:22am On Feb 18, 2025 |
Obaofpigs:Who is holding your hands from influencing Lagos politics? Have you even influenced your state politics or you believe angels are in your of your state affairs? |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by irumole1975: 7:23am On Feb 18, 2025 |
WhiteIverson:Real! That’s why I’d normally advise dangote to have use that money to get a student visa and japa to the UK. He can never be successful without japa to abroad. That’s the only way anyone can make it as a Nigerian |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by georgeakins: 7:23am On Feb 18, 2025 |
Obaofpigs:Carry your frustration commot here! E dey pepper you that the refinery is not situated in your cursed region. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by yuzjet(m): 7:38am On Feb 18, 2025 |
ImoleNaija:It was initially stated to be built on Ogun waterside, in Ogun state. But Amosun was asking for too much, as a greedy man he is. That's the reason why. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by RickyJesus: 7:42am On Feb 18, 2025 |
DEROX:Yeah, and you are his best poor person in Nigeria. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by omoluka: 7:54am On Feb 18, 2025 |
floss:Include crypto traders abeg ![]() |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by benjaminlawson(m): 8:31am On Feb 18, 2025 |
Yes, the risk you took is also increased by bad government policy. Government announced subsidy removal and increased petroleum price, this had forced many car owners to either abandoned their vehicle or sell it outrightly, and result to trekking or the use of bicycle this has reduced fuel consumption by more the 60% because all small businesses like school owners, bakers etc can use vehicles in the conduct of their business also abandoned it. Apart from this, in an effort to reduce the public outcry as a result of hardship, the government also introduced CNG vehicles or conversion of petrol vehicles to CNG, which means the use of gas instead of petrol, the more CNG we the more the reduction in petrol consumption, this where the real risk will be manifested. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by WhiteIverson: 8:34am On Feb 18, 2025 |
irumole1975:You wey promise me 7k |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by OctavianAC(m): 8:55am On Feb 18, 2025 |
9jvirgin:Where were you when he was stealing your money, since you are part of the people? |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Amhappy(f): 8:56am On Feb 18, 2025 |
To add salt to injury NNPC and the Oil producers were not ready to support production take off with locally produced crude. I remember someone saying Dangote should have started from producing his own crude. The odds were piled up against him. May this biggest risk taker win. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by jaxxy(m): 9:00am On Feb 18, 2025 |
Fuckyoumod:Lol so how much should dangote refinery cost?? Hope u have captured the full details, capacity and other added features and cost factors. Give us ur estimate figure? Even though it wasn't necessarily about the figure but how massive the project was. I'm sure refinery experts and investors can capture details and evaluate the coat of the refinery Even if he's inflated the costs. This information isn't for only Nigerians, he's telling the whole world so why mock oy Nigerians? |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Obaofpigs: 9:35am On Feb 18, 2025 |
Oyo person that relocates to LAGOS is a Lagosian....imagine the Audacity ![]() georgeakins: |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by DEROX: 9:48am On Feb 18, 2025 |
RickyJesus:What's my business with you oloriburuku did I tell you am poor or have I ever asked you for money no matter how small? Do I even know you, you are very stupid and mad |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Mathewrichard99: 11:29am On Feb 18, 2025 |
In other words, you are insinuating I am a poor person. You tried. Really tried. I pray you become rich in this world before you die.....this is a Faceless group and that's why we all say nonsense things to one another. Have a blessed day.... Miramonica: |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Miramonica: 12:16pm On Feb 18, 2025 |
Mathewrichard99:Boss, I never called you a poor man, I was making a general statement, apologies if you taught I was referring to you, on the contrary I wasn't. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Blackman101: 12:27pm On Feb 18, 2025 |
This man is worth more than what Forbes is stating |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Mathewrichard99: 12:32pm On Feb 18, 2025 |
Apologies accepted. Have a lovely day. Miramonica: |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by SmartyPants(m): 12:32pm On Feb 18, 2025 |
Dongallant:It's obvious. The sentences are stiff and robotic. |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by SmartyPants(m): 12:43pm On Feb 18, 2025 |
elvisdaniels:Well, I wouldn't know anything about that as I'm usually right but Elvis my boy, you and both know that you used AI to write that post, which is disgusting. Help yourself by fixing your grammar and developing your mental capacity so that AI will not render you completely useless.From your online uncle, SmartyPants! |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by lereinter(m): 12:45pm On Feb 18, 2025 |
Lolzzzzz 🤣 After buhari, CBN, nnpc gave you free dollars They know the gullible they are talking to |
| Re: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by Lawalemi(m): 2:49pm On Feb 18, 2025 |
My.own biggest risk in starting a kiosk business |
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