arewafederation:


What other reason does Dangote have to choose Lagos over the SS/SE?

Lagos is obviously a better destination for his project.

QuotaSystem:


In the sense that they are both corporate assets, YES.

CreampieAngela:
Dangote has a Pineapple Orchard in Cross Rivers state for his Dansa Fruit Juice Factory. He is also currently building a Cement Plant at Okpealla in Edo state. Dangote has no problem in investing in the South South. The Ijaw's who are largely domiciled in the Rivers-Delta-Bayelsa axis are the problem of the South South. The heeebos in the South East are a basket case on their own

SWG26:


Lagos is a better destination because it has the biggest market in West Africa. Thats the only reason and nothing else.

SWG26:


This guy is funny.

QuotaSystem:


This guy has lost the plot.

patrickmuf:
You don't sound quite as intelligent as you believe you are, do you know the cost of his refinery? It's about $14b that's roughly N2.trillion, trust me, you don't wanna risk it cos it can make for your downfall

SWG26:


You don't reason properly. Your sentiment is that "this type of project would have sited in the south south or Niger Delta if not for the activities of militants"

But I am saying that

Cross Rivers State is there
Akwa Ibom is there
Edo State is there
Even ondo state is there

These states are not restive or disturbed by militant activities. In fact, there is a 1 billion dollar power project in Edo state. If any investor wants to invest in the south south or Niger Delta, whats wrong these states?

If he's concerned about the security of his investment, [s]why didn't he go to Osun and build the refinery there?[/s]

arewafederation:


Part of the reasons that make it the biggest market in W Africa is the relative peace and stability.

Who would want to make such investment in the highly volatile ND?

rhymaster:
The people destroying their environment by blowing up pipelines, infrastructure and pushing away investors will cry so hard some day soon, and they will not be comforted. Majority of the job opportunities will be satisfied in the SW, more money to spend, more taxable income, more community benefits, etc. With less oil prospecting and investment in the SS and SE, and a damaged land and ecosystem, those areas will be in for a lot of suffering for sure!

God bless the SW.
God bless Nigeria!

SWG26:


No. Lagos has always been the number one market in Nigeria even before the restiveness in the Niger Delta started. Lagos is not the most stable and peaceful state in the country.

And when I mean market I am not just saying commercial. I am also talking of labour and financial.

QuotaSystem:


This guy has lost the plot.

patrickmuf:
What's your beef with Lagos state?

SWG26:


You tried to make sense but failed. Investments like that of the refinery are typically guaranteed and protected by government. So whatever happens the investor never losses.

SWG26:


Even if Niger Delta was secure, the refinery wouldn't be sited there. This has nothing to do with militancy. Lagos is not more "peaceful" than Cross River state, why wasn't it sited in Cross River or Edo? These are areas with no activities and history of militancy.

arewafederation:



If that is the case, why didn't Dangote build his cement company on Lagos but chose Obajana?

QuotaSystem:


But Chevron's facilities which are currently being destroyed by Ijaw terrorists were not guaranteed and protected by Government because they were from Mars?

Go and play with your colouring book.

SWG26:

So you believe in the event of the outbreak of violence, a 14 billion dollar refinery would be burnt down.

QuotaSystem:


No serious businessman invests based on chance, but calculated risk.

Stop arguing, you're starting to ridicule yourself.

SWG26:


This guy sef. They're not the same thing na, the raw materials for his cement is closeby that why he located the factory there . The refinery is different, dangote may chose not to depend on Nigeria's oil and import oil to refine, he'll need the Lagos ports for that and if he wants to export his refined products, he also need the Lagos ports. Thats why its in Lagos and not because Lagos is peaceful.

Do you understand?

SWG26:


Lol. Why haven't the IOCs left the country due to the effects of militancy then? Haven't they calculated their risks? Nigeria is a country battling with terrorism, nowhere is safe, even Lagos.

arewafederation:


So ideally, raw materials for refineries are more abundant in the SS, but he chose not to locate it there.

You seem to also forget that there are Ports in the SS which can be used for moving products in and our of the country. Why can't they be depended upon?

QuotaSystem:


Smh. You aren't making any sense.

arewafederation:
This is great!

Why would the 'real' owners of Lagos, with the highest number of imaginery billionaires allow the so much despised ab.oki to make such investment in their land??

This is unacceptable...




cc: IpoD miscreants

SWG26:


Why are the IOCs still investing their money in oil and gas activities in Nigeria despite the risks?

opiaoku:

my friend was banned for just supporting NDA on the grounds of supporting violence

Since when did nairaland decides who and who deserves the support of the masses? Seun my friend was banned unjustly with no rule covered
now this guy is allowed to roam about after insulting a whole 2 regions which violates rule 3

Seun you have to create a special button that will report directly to you any injustice by the mods with pictorial evidence because there are so many injustice going on here due to a bias partisan mod controlling politics section.
apc as opposition rode and romanced bokoharam on the detriment of Gej on nairaland now they are being irritated thereby using their mods to intimidate us
Seun are you in support of this injustice here? if not please create a special report button that will report directly to you including pictorial attachments.


cc
Lalasticlala obinoscopy Seun

SWG26:


I don't give a damn where it sited. I am just faulting the logic and sentiments of some people on this thread thats all.

There Logic is that the refinery was sited in Lagos because Lagos is "peaceful", and the refinery would have been sited in the ND region if not for the activities of militants. Thats bullshit!

rhymaster:
The people destroying their environment by blowing up pipelines, infrastructure and pushing away investors will cry so hard some day soon, and they will not be comforted. Majority of the job opportunities will be satisfied in the SW, more money to spend, more taxable income, more community benefits, etc. With less oil prospecting and investment in the SS and SE, and a damaged land and ecosystem, those areas will be in for a lot of suffering for sure!

God bless the SW.
God bless Nigeria!

QuotaSystem:

That is the nature of calculated risk. If the required rate of return outweighs the risk in the absence of less risky alternatives, then operations remain feasible. That's why they've still not completely left.
Dangote on the other hand, has less risky alternatives in the SW which makes investing in the SS or SE less attractive.
I hope this elementary business logic isn't too complex for you to digest, regardless of your obstinacy.

iyb:

Who is stupid enough to invest his money in the south East or south south. Dangote is smart he doesn't want to hear it's our oyel or its our land from a bunch of lawless savages. A smart business man measures risks before making any investment and dangote happens to be a smart business man. In Lagos there are no militants and lazy mofos who think they are entitled to ur money because your company is located In their land.
Invest in a place where ur mind is at ease shikenan

opiaoku:
I'll reactive this evening
me i no know where ngeneukwenu dey oo
mr ngeneukwenu please come out Opiaoku loves you