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Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso (6982 Views)

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Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Nword22: 8:25am On Jun 13
nairalanda1:
Mali that jihadis and turaegs recently blockaded the capital ?

Plus per capita GDP does not mean everyone in that country is rich
Let our own GDP per Capital increase to that of Gabon first before talking.. again Nigerian general is currently in captivity none in Mali.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by kimjessey2019: 8:27am On Jun 13
Dangote is another problem we have in this country.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 8:28am On Jun 13
Nword22:
Let our own GDP per Capital increase to that of Gabon first before talking.. again Nigerian general is currently in captivity none in Mali.
High GDP does not mean that everyone is enjoying there.

Ghana and Ivory coast have high GDP. Meanwhile large swathes of those countries are broke ass poor, with bad roads and zero amenities

If we want to be a proper country, let our economy be based on manufacturing and exporting manufactured goods . That way our GDP would be as high as say Germany and China.

But we don't want to do that. We want to share money

I mentioned China. China has a very high GDP. Also a large percentage of its people live in poverty
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by PDPdestroyer(m):
nairalanda1:
Failure must not be rewarded with votes
Just as “failure” must never be replaced with failure
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Reference(m): 8:33am On Jun 13
bamayo:
Easier said than done, do you think all our leaders don't want to do all these?
Everybody wants to achieve remarkable things. From Obasanjo to Tinubu, you think none hasn't thought about this? the question is how easy is it ?
we dont even have the money to achieve that
Very easy.
The PIA was supposed to detach the NNPC from government but it is still acting like a parastatal, not a proper LTD. Why can't this government do exactly that. Properly privatise it, or better still go the Aramco way and put it up for public patronage so that you and I could for the first time benefit from our assets.

But the won't b cause they want the NNPC to remain a closed, shady entity for all the bad reasons.

Get Ajaokuta up and running, and put it up for public sale and all the government assets that are presently liabilities.

If the PHCN was a public company instead of a defacto private one, it will have done a lot better. The issues affecting service delivery will have been better understood and resources and solutions more widely available.

Those are the things government can do without lifting a finger. Get their assets to work for them and the people creating wealth across board.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by correctguy101(m): 8:37am On Jun 13
nairalanda1:
Better read a good history of communist countries that did what you wanted.

The result was always the same. Ran out of money, used loans and subsides to a greater extent than Nigeria ever did to keep up appearances and then they collapsed, or went capitalist
First, the idea of communism is always funny to me. How come you say it's what I want?

I even just mentioned that all you're saying has merit, did I not?

Just wondering where spending power would magically come from. Our country today is an example. The spending power has so reduced that even the small snacks vendor is feeling the heat. Just wanted to hear your opinion on that.

Plus, communism and capitalism are simply idealogies and one way or the other, there's a point where both meet in any society no matter what they claim to practice.

Communist societies wey still get those small group of people wey dem favor pass the rest? Wey get wealthy pass the rest? Or the capitalist societies that still do give aways like communists all with different definition? I can't state the similarities expertly bit if you check reality well, you'll see the text book definition is totally almost nonsense. It's all pretenders doing their pretending trick. The masses are always the ones to suffer.

I for one scoff at all these claims. They're never wholely so.

Just speak about whence come spending power. As it now seems the funds gotten from the people would be the driving force of the development you speak of. And if I'm reading you wrongly, do tell me. I know money goes in a circle. It's never even with the people.

So where would the people get the funds to pay for the high services you speak of?
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Jeezuzpick(m): 8:51am On Jun 13
Great100000:
Aliko Dangote’s fortune has climbed to about $36.5 billion, making Africa’s richest man wealthier than the projected annual economic output of 33 African countries.

- Aliko Dangote’s fortune has climbed to $36.5 billion, making him wealthier than the projected economies of 33 African countries.

- His net worth now exceeds the GDP of nations including Mali, Botswana, Gabon, Rwanda and Mauritius.

- The rise has been fueled by the growing value of the Dangote Petroleum Refinery, now valued at about $39.1 billion.

- The comparison underscores the scale of Africa’s largest private industrial empire and its growing economic influence.




https://businessday.ng/africa/article/dangotes-fresh-36-5bn-fortune-now-exceeds-gdp-of-rwanda-mali-burkina-faso/#
Dangote is indeed iconic in Africa's business world. However, let's stick to celebrating the man, and leave the GDPs of countries out of it.

Anyways, since you want to shame countries via the topic, let's take some time to remember that Elon Musk can sneeze out Dangote's entire fortune, wipe his nose clean, and continue on his way, unfazed.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by TheDepressed: 9:00am On Jun 13
At this juncture,it's just a sport for this lads.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by CorperKola: 9:07am On Jun 13
nairalanda1:
I'm cynical about all the politicans, which is why I think we should vote out Tinubu, vote in Atiku or Obi and if they do not do.well, vote them.out and continue in like vein until they learn what needs to be done.

There is no hero our there , but that doesnt mean we should tolerate Tinubu failure
I like that you are not one of tvose obi or nothing
Tells me you are sane
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Walai(m): 9:07am On Jun 13
Ate you aware Elon Musk is currently richer than Nigeria? Stop the unnecessary comparison



Great100000:
Aliko Dangote’s fortune has climbed to about $36.5 billion, making Africa’s richest man wealthier than the projected annual economic output of 33 African countries.

- Aliko Dangote’s fortune has climbed to $36.5 billion, making him wealthier than the projected economies of 33 African countries.

- His net worth now exceeds the GDP of nations including Mali, Botswana, Gabon, Rwanda and Mauritius.

- The rise has been fueled by the growing value of the Dangote Petroleum Refinery, now valued at about $39.1 billion.

- The comparison underscores the scale of Africa’s largest private industrial empire and its growing economic influence.




https://businessday.ng/africa/article/dangotes-fresh-36-5bn-fortune-now-exceeds-gdp-of-rwanda-mali-burkina-faso/#
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Nword22: 9:08am On Jun 13
nairalanda1:
High GDP does not mean that everyone is enjoying there.

Ghana and Ivory coast have high GDP. Meanwhile large swathes of those countries are broke ass poor, with bad roads and zero amenities

If we want to be a proper country, let our economy be based on manufacturing and exporting manufactured goods . That way our GDP would be as high as say Germany and China.

But we don't want to do that. We want to share money

I mentioned China. China has a very high GDP. Also a large percentage of its people live in poverty
Ghana and ivory coast have bad road..have you ever been to ivory coast before? I've Been there and they are even more developed than Nigeria in many areas, that's why I said you don't know what you are talking..don't just sit in Nigeria and be talking about places you've never been before.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 9:14am On Jun 13
Nword22:
Ghana and ivory coast have bad road..have you ever been to ivory coast before? I've Been there and they are even more developed than Nigeria in many areas, that's why I said you don't know what you are talking..don't just sit in Nigeria and be talking about places you've never been before.
They have bad road, son. THEY DO. You only saw the nice places. cheesy
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 9:15am On Jun 13
correctguy101:
First, the idea of communism is always funny to me. How come you say it's what I want?

I even just mentioned that all you're saying has merit, did I not?

Just wondering where spending power would magically come from. Our country today is an example. The spending power has so reduced that even the small snacks vendor is feeling the heat. Just wanted to hear your opinion on that.

Plus, communism and capitalism are simply idealogies and one way or the other, there's a point where both meet in any society no matter what they claim to practice.

Communist societies wey still get those small group of people wey dem favor pass the rest? Wey get wealthy pass the rest? Or the capitalist societies that still do give aways like communists all with different definition? I can't state the similarities expertly bit if you check reality well, you'll see the text book definition is totally almost nonsense. It's all pretenders doing their pretending trick. The masses are always the ones to suffer.

I for one scoff at all these claims. They're never wholely so.

Just speak about whence come spending power. As it now seems the funds gotten from the people would be the driving force of the development you speak of. And if I'm reading you wrongly, do tell me. I know money goes in a circle. It's never even with the people.

So where would the people get the funds to pay for the high services you speak of?
Manufactured goods and services based economy

If you do not understand, sorry. cheesy
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by correctguy101(m): 9:26am On Jun 13
nairalanda1:
Manufactured goods and services based economy

If you do not understand, sorry. cheesy
I quite understand. If you could recall, we've had discuss like this more than once.

Our disagreement on the matter simply rests on where it'll all start from. And I mentioned, there would first be this in place, then when the people earn whatever is enough to be called a better purchase power, that's when they can pay taxes and pay for improved services. Not before manufacturing and services improve, After. Or you forget?

Or I still dey get you wrong? I don't understand how you are not seeing this.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 9:27am On Jun 13
Nword22:
Ghana and ivory coast have bad road..have you ever been to ivory coast before? I've Been there and they are even more developed than Nigeria in many areas, that's why I said you don't know what you are talking..don't just sit in Nigeria and be talking about places you've never been before.
Ghana roads

Ghana has a total road network of approximately 94,203 kilometers, with around 27% paved and 73% unpaved. While major trunk routes and newly constructed interchanges are in serviceable condition, the country struggles with a backlog of routine maintenance, leading to deteriorating condition of many secondary, urban and rural roads.

Ivory coast roads

The country has roughly 7,500 km to 8,500 km of paved, asphalt roads. The vast majority of the network (over 70,000 km) consists of unpaved or dirt roads, which can be challenging to navigate, especially during the rainy season

Note that I did not say Nigeria is any better o.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 9:28am On Jun 13
correctguy101:
I quite understand. If you could recall, we've had discuss like this more than once.

Our disagreement on the matter simply rests on where it'll all start from. And I mentioned, there would first be this in place, then when the people earn whatever is enough to be called a better purchase power, that's when they can pay taxes and pay for improved services. Not before manufacturing and services improve, After. Or you forget?

Or I still dey get you wrong? I don't understand how you are not seeing this.
SO we should wait until we earn enough money.

If that was the case, South Korea, Japan and China would still be backward.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by crazygod(m): 9:33am On Jun 13
Leepeak:
He is not the first
Companies don cap don enter 1trillion before musk
Go check, u have a phone
Aramco, I think the first company to enter 1 trillion was in China 2008/2007
I said richest person/individual not company
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by correctguy101(m): 9:39am On Jun 13
nairalanda1:
SO we should wait until we earn enough money.

If that was the case, South Korea, Japan and China would still be backward.
When you say "we" , are you talking about the people or the country?

If you're talking about the people, I'll be baffled. The people are just cogs in the machine.
The way China and japandirected and invested in their people, do you see it happening around here?

China did even JVs massively back then and that in turn brought in jobs, so the people could earn. They invested in the education of their citizens. Or you think many paid high school fees back then? No. Gave grants and encouraged agriculture. Sent some abroad to learn useful skills. All these from the governments pocket. That's how it was driven to where it is today.

Manufacturing no go just jump improve because we pay high taxes or pay high for services. It starts from somewhere.

Or maybe you think all the debts accrued by successive governments are not enough to gradually create this manufacturing and service based economy you speak of?

I don tire brother. Let's leave it at this for today.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by lordm(m): 9:44am On Jun 13
Him send you not to hustle
Hamzaay:
Rich get richer others get poorer
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by stuffs2002: 10:04am On Jun 13
lightwind:
Always looking for engagement from Obi supporters.

I wonder how Dangote a business man, not a politician being the wealthiest man in Nigeria be a problem to Peter Obi supporters an Hausa man for that matterundecided
Fyi, God has already blessed Nigeria.


All this biased moderators here won't let people's comment see the light of the day.
You needed to be receiving it hot back to back on here.
Dangote being a business man and making success is a major heartbreak for Obi and his horde of OBIDIENTS because they hate to hear any good news about Nigeria.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Hamzaay(m): 10:27am On Jun 13
U wey don hustle from belle, watin u get to show 4 it?
lordm:
Him send you not to hustle
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Hamzaay(m): 10:29am On Jun 13
The system did not put you in position to want to do more. Becausei belive if you know you can make a million naira from whateveryou are doing today, i bet you, you will wake up b4 dangote.
donself9:
Its not fair to say that, The rich here is getting rich Before of relentless effort and risk taken

dangote sleep less more than we poor people, i am stil on bed, whereas Dangote is already out for a meeting

So don't just say the rich are getting richer, can you put in Dangote effort
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Mattswaggz: 11:22am On Jun 13
Zidoh:
Well it’s expected of him to get richer and richer . He who has such opportunities should be rich …..

The only ways is to give back to his beloved country by touching live of average Nigerians , that’s why God make them rich .

They can not take the wealth wnd riches to heaven.

That one is very very 100 percent sure .

Dangote touch lives oooooo
Don't do the needful continue waiting for someone who isn't your elected government to touch your life.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by lightwind(m): 11:25am On Jun 13
stuffs2002:
Dangote being a business man and making success is a major heartbreak for Obi and his horde of OBIDIENTS because they hate to hear any good news about Nigeria.
Get out of my mention!!

You are not worth engaging.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 11:27am On Jun 13
correctguy101:
When you say "we" , are you talking about the people or the country?

If you're talking about the people, I'll be baffled. The people are just cogs in the machine.
The way China and japandirected and invested in their people, do you see it happening around here?

China did even JVs massively back then and that in turn brought in jobs, so the people could earn. They invested in the education of their citizens. Or you think many paid high school fees back then? No. Gave grants and encouraged agriculture. Sent some abroad to learn useful skills. All these from the governments pocket. That's how it was driven to where it is today.

Manufacturing no go just jump improve because we pay high taxes or pay high for services. It starts from somewhere.

Or maybe you think all the debts accrued by successive governments are not enough to gradually create this manufacturing and service based economy you speak of?

I don tire brother. Let's leave it at this for today.
SO, we remain under bad goverment because , by your words, we are poor!

Right.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by correctguy101(m): 12:27pm On Jun 13
nairalanda1:
SO, we remain under bad goverment because , by your words, we are poor!

Right.
Aiya...

Didn't mean that. I'd say we're poor because we have terrible government. Both human and material resources are poorly managed. That's common knowledge na.

And please, do not bring the talk of the leaders coming from the people. There has been those not doing well but suddenly having a great leader that led the nation to some form of greatness. Those are also from the masses but did things differently.

I dunno, it's how I see this whole thing... Many things hardly make any sense these days.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by JESUSson345: 12:42pm On Jun 13
Dangote is one of the problems of Africa dangotte style of wealth is imperialism oppressions and pallying with the Nigerian useless government to make sure others businesses don't rise especially Igbo businesses but my God will surely disgrace them totally starting from this year in Jesus Christ name amen.
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by CSTRR:
...
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by CSTRR:
.....
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by tegrianonigltd(m): 3:10pm On Jun 13
nairalanda1:
So we should believe the lie that other African countries are developed?

Plus I have told you folk what needs to be done several times including in the post I put up that you quoted.

But you guys think that we are Saudi Arabia. That all.we need to do is to sell oil money and share it equitably and we go dey all right.

That's not how to become a prosperous nation, that's how to become a debtor nation

Like Nigeria , like Africa
I have travelled to over 15 Africa countries, 7 outside Africa, lived in America, currently living in England.

You all hype Nigeria too much, you all feel Nigeria is developed, Lagos Wey dey smell? Abi my hometown warri wey be like wetin I no know? Abi na Benin wey be like 1936 place. The only thing make it look nice abit is the people, survivors, survival mentality, brother chop brother instinct.

Lagos our commercial capital
Like joburg, Cairo, etc is a shit hole.

Before you die, don’t forget to leave and experience other cities, GIVE YOUR KIDS a passport they can survive on.


Add all the politicians, religious leaders, thieves, fraud, them no reach 10 percent of Canada and uk,

Egypt double of us.

Our population 250million, time 4 of Uk, times 5 of Canada, times 2 of Egypt.



We overhype ourselves, we are just noise makers.

Even the fraud, China and co sabi am, but we just overhype ourselves.

We need a mindset update.


Fashola did nothing for that Lagos, it’s a shithole, same as my foolish governors

Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by nairalanda1(m): 3:16pm On Jun 13
tegrianonigltd:
I have travelled to over 15 Africa countries, 7 outside Africa, lived in America, currently living in England.

You all hype Nigeria too much, you all feel Nigeria is developed, Lagos Wey dey smell? Abi my hometown warri wey be like wetin I no know? Abi na Benin wey be like 1936 place. The only thing make it look nice abit is the people, survivors, survival mentality, brother chop brother instinct.

Lagos our commercial capital
Like joburg, Cairo, etc is a shit hole.

Before you die, don’t forget to leave and experience other cities, GIVE YOUR KIDS a passport they can survive on.


Add all the politicians, religious leaders, thieves, fraud, them no reach 10 percent of Canada and uk,

Egypt double of us.

Our population 250million, time 4 of Uk, times 5 of Canada, times 2 of Egypt.



We overhype ourselves, we are just noise makers.

Even the fraud, China and co sabi am, but we just overhype ourselves.

We need a mindset update.


Fashola did nothing for that Lagos, it’s a shithole, same as my foolish governors
Lol, okay
Re: Dangote’s Fresh $36.5bn Fortune Now Exceeds GDP Of Rwanda, Mali, Burkina Faso by Galadimabawa: 4:59pm On Jun 13
Omo see see finish ooo
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