₦airaland Forum

SonOfDSoil01:
😂😂😂😂

Story for the gods……..there is still no one in your 5plot region that is richer than him😂😂😂 he can even buy your entire potopoto land and turn it to dump site😂😂😂😂 empty noise makers😂😂🤣

You know you are fooling yourself on Nairaland Anthony Onyemaechi Elumelu is a proud Igbo son, and Igbos control all his investments

TossTos:
Na my DJ be that very soon ..

U plan to marry her?

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

make the common man go find way to make money too nah

Definitely no be small money but too small for our leaders to steal as they have always done.....just think about it....bunch of barawu leaders without productive sense but criminal sense....

Gotocourt:
100,000,000 US Dollar = 140,000,000,000 Nigerian Naira
140Billion naira.

Omorr, no b small funds ooooo

Wotowotoman:
Ogbeni, you don psss WAEC Maths and English? No lie 🤔

Elumelu acquired $500 million of Seplat months ago still control transcorp

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

exactly only in Nollywood you see the opposite

Don't you know he has investments all over Monaco, Europe and UAE? He has estate investments in Monaco too and that's the reason he frequent Monaco. He also recently acquired another big estate in the UK. I think Otedola is diversionary businessman, he's not restricted to commodity business like Dangote but always looking at a fast opportunity to invest and get your proceeds within some years. He built geregu power plants but sold it already to invest in something bigger (Dangote refinery). He's an astute, smart and volatile shrewed businessman.

Eriokanmi:
This is good. Instead of lavishing his wealth on trips to Monaco all the time. Dangote is really teaching them on wealth creation and how to sustain it. Given all the opportunities he had, otedola could have owned either power plants or a functional refinery today. He was so favoured just like dangote. I remember the otedola vessels, Ote1,Ote2 and Ote3 oil vessels. They've all disappeared today

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

"..no more way for poor people.." -Mavo

BeautifulMind2:
Elumelu acquired $500 million of Seplat months ago still control transcorp

Ogbeni, answer my question. You don pass WAEC maths and English? 🤔

Person wey don pass WAEC Maths suppose know say 100 million is not necessarily a big deal to someone that has over a billion in assets.

Person wey don pass WAEC English go dey construct grammar and spelling wey dey much better than wetin a primary school student dey write.

Lastly, person wey know as money dey work go know say wealthy people don’t have their net worth in cash. They have their money invested and have to sell assets and investments all the time for various uses.

Also, e be like say you no know say na banks give Tony the money wey he use invest in Seplat. Afreximbank and AFC lent him that money. Enter the same Google and search. Na wa o.

Why invest when you can build your own

Conservarmy:
Why invest when you can build your own

Something that costs billions of dollars plus all the wahala involved? Can’t you see as this project has aged Dangote? Do you know all he has had to go through? Why Una like to dey talk like this? I bow o

Wotowotoman:
Something that costs billions of dollars plus all the wahala involved? Can’t you see as this project has aged Dangote? Do you know all he has had to go through? Why Una like to dey talk like this? I bow o

If dangote can do it, he can aswell. Pocket your excuses

chypotenti:
who be this

Me sef shake head for the comment, 100m no much, even for US, how many people get 1m, e think sey na Naira dem dey talk

BeautifulMind2:
You know you are fooling yourself on Nairaland Anthony Onyemaechi Elumelu is a proud Igbo son, and Igbos control all his investments

😂😂😂😂

Muuumu, I really don’t know why you clowns are so slow? Bikonu nwanne, what as this got to prove? I know you were triggered by my comment and I ask again, which of the Clowns you listed is recognised by Forbes? The world organisation that rate all billionaires in the world there are countless numbers of silent billionaires in Yorubaland not recognised by Forbes but does it mean they are not also billionaires in their right? Is just like you claiming to be the highest scorer in jamb but when the list of jamb highest scorer emerged, your name is missing on the list😂😂😂😂😂 bikonu is too early to be slow

Conservarmy:
If dangote can do it, he can aswell. Pocket your excuses

The cost of building that refinery is in billions of dollars.

Dangote is worth 40bn dollars while Otedola is worth 1bn dollars.

Do the maths and help me give ya sef better konk after

datola:
Does he have a choice

Dangote has taken over his oil business.

you are not current....he's no longer into oil

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

Yes there is, provide solutions that the rich need. People would always be rewarded at the level they serve.

OctavianAC:
Where is ppogba, Kalulu44 and javid13? Come and see you champion buying share from Dangote after i gave him the best advice.

Hahahaha, omoh I know absolutely nothing about those big wigs o

I like like miinds. I am thinking like you two as well.
Any idea how much usd will be a good amount to invest?

TossTos:
I like this reasoning.. I respect you .. this is my pursuit, I also want to invest in DRL as soon as listed ... Na why trading becomes my genetic double be that for now .. make i just raise good amount in USD.. i really want that DRL listed while i am also a share holder ..

Wotowotoman:
The cost of building that refinery is in billions of dollars.

Dangote is worth 40bn dollars while Otedola is worth 1bn dollars.

Do the maths and help me give ya sef better konk after

Dangote was not worth 40 billion when he started the refinery. He was worth less than 18 billion. Billionaire don't use their own money to do projects, they obtain international loan to finance projects. Otedola can do the same, the guy just don't have the drive.

Conservarmy:
Dangote was not worth 40 billion when he started the refinery. He was worth less than 18 billion. Billionaire don't use their own money to do projects, they obtain international loan to finance projects. Otedola can do the same, the guy just don't have the drive.

And banks will not ask him for equity contribution? Ogbeni, if you no sabi as things dey work in the real world, just waka pass and let those that know talk. Haba. Which kind wahala be this?

Conservarmy:
If dangote can do it, he can aswell. Pocket your excuses

He can as the most recent just built refinery cost 470 million dollars in Angola and it is 30,000 BPD but I guess no pipelines. However he did not have the vision and if he starts now, it will take years to finish. This is why Dangote must be commended. Merely building the refinery doubled Dangote's net worth but he will not be able to succeed unless they ban imports for him like they banned cement. He can't succeed in a free market if he owns the refinery ninety percent the way he owns the cement business simply because he is owing banks at high interests.

The companies in the cement sector in Nigeria too will have to change ownership structure if the ban on importation is lifted

Wotowotoman:
Na wetin Dangote and FO want be that. Make una the common man sell una properties and buy the shares. Una eyes go clear in due course

Hmm

Wotowotoman:
And banks will not ask him for equity contribution? Ogbeni, if you no sabi as things dey work in the real world, just waka pass and let those that know talk. Haba. Which kind wahala be this?

Look this is not your typical beer parlour non sense where you and your kind think the opposite way. Otedola doesn't have to build up to the same capacity as dangote. The point here is that rather than him investing in dangote refinery, he can do it aswell. Some people just don't want to take the risk, they prefer easy route. £1 billion can build a 21,000 barrels per day refinery capacity. With his net worth standing at $1.4 billion, he can easily raise a loan and seek partners for a refinery.

8

Conservarmy:
Look this is not your typical beer parlour non sense where you and your kind think the opposite way. Otedola doesn't have to build up to the same capacity as dangote. The point here is that rather than him investing in dangote refinery, he can do it aswell. Some people just don't want to take the risk, they prefer easy route. £1 billion can build a 21,000 barrels per day refinery capacity. With his net worth standing at $1.4 billion, he can easily raise a loan and seek partners for a refinery.

If Dangote Refinery is already meeting Nigerias Domestic Fuel consumption needs Where's the logic in building another refinery??
Otedola can face the power sector from generation down to distribution if he's serious and government is willing. Imho

ppogba:
I am here.

It is good to know we have a capable hand as the new technical adviser of Alhaji himself.

It is Only in Nigeria that someone who is still praying will be advising another who is a prayer point.

Having a sound mind to advice someone through a successful path is about you being successful first. That David adviser called Ahitospher wasn't more successful than David. Are Tinubu advisers more successful than him?

Fiyin007:
8

If Dangote Refinery is already meeting Nigerias Domestic Fuel consumption needs Where's the logic in building another refinery??
Otedola can face the power sector from generation down to distribution if he's serious and government is willing. Imho

Nigerians economy is growing and it's becoming more demanding. We still need more refinery. Investing in the power sector is not a bad idea. Any form of investment is welcome as long as it benefits the economy and the population at large 👍🏿.