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Nairaland Forum / Nairaland / General / Business / Dangote Milking Nigeria Since 70s, Now He Wants To Buy NLNG. (767 Views)
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Dangote Milking Nigeria Since 70s, Now He Wants To Buy NLNG. by iiiyyyk(m): 1:10pm On Sep 27, 2016 |
Dangote milking our common wealth into his personal billions since the 70s Easy sir, you have taken and be given so much undue Advantages.... The Senate on Tuesday asked the federal government to recover N42 billion grants as import duty waivers to six companies including Dangote Limited between 2013 and 2015. About N194.3 billion was lost between 2003 and 2006 with additional N40 billion granted as duty waivers between January and August 2007 Most to Dangote.. Thisdayonline 24 Aug 2007 THE Federal Government yesterday rolled out several incentives to an indigenous conglomerate, the Dangote Group, The business concession... granting of pioneer status to the company in the area of cement production for seven years. This means that within the period, no new cement plant will be established in the country. Other incentives include the granting of 2.5 per cent duty on all plants, machinery and quarry equipment, exemption from payment of the Value Added Tax (VAT) on all plant, machinery and quarry equipment and the payment of only five per cent duty on construction materials not available within the country.....24/4/03 The Kano-born Dangote was a commodity trader, but he obtained his massive wealth during the regime of President Olusegun Obasanjo who encouraged the sell-off of state-owned corporations, presidential aircraft and government properties to Dangote and other questionable businessmen.....copied In 2009, Mr. Dangote was involved in a share manipulation scam involving African Petroleum (AP) Plc, a company owned by Femi Otedola, his alter ego and erstwhile friend. Mr. Otedola accused Dangote of precipitating a sharp drop in the shares of AP in order to erase Mr. Otedola from the Forbes billionaires’ roster.....copied How To Become A Nigerian Billionaire For Dummies: Sponsor a politician and party. If you wish to be a Dangote, sponsor both sides of the aisle, all parties. Most politicians will take the money—Buhari though reportedly rejected 200 million from Dangote during his 2011 bid. Next, after the candidates and parties win, prepare to buy privatized or rather, cabalized assets. These are national assets purposefully sabotaged then ‘refurbished’ for trillions of naira and sold to you for peanuts. Dangote bought our cement assets.....Secure oil blocs, contracts and what have you. Next, get import waivers to import equipment related to the purchase and all other things you wish to import, depriving the masses of import duties to the tune of billions......copied The undue and corrupt mutually beneficial advantage given by all Nigeria’s administrations, both military and civilian are the “secret” to Dangote’s success. Dangote kills Nigerians with economic terrorism. Fixing Nigeria starts with holding him and those who have impoverished the nation to his and their advantage to account. Since the 70’s Dangote has enjoyed sole importation and manufacture privileges that have killed and crippled all Nigeria’s indigenous industries including farming. The Government has been very supportive of Dangote. We know the company at one time or another held exclusive import rights in sugar, cement, and rice using such advantages to do volume business and undercut competitors. In a December 1996 interview, Aliko Dangote admitted that a government mandate once forced him to import so much rice that the local market crashed by almost 80 percent. [2] The direction of (Gov of Nigeria) GON trade barriers also suggests preferential treatment. High tariffs or outright bans on imported items favor the Group in nearly all areas in which they do business including wheat flour, cement, certain textiles, sugar and pasta. ¶9. (C) Further, the GON is normally slow in privatizing state-owned production facilities. Yet the Dangote Group swiftly won bids on GON-owned manufacturing installations such as the Benue Cement Company and the Savannah Sugar Company, and constructed its own berth at GON-owned Apapa port in Lagos where ships with production inputs offload directly at the Dangote Group factory Now his primary target is NLNG. The underground work and lobby has been done. The manifestation we are seeing today. Dangote playing chess with Nigerians, Nigeria and successive govts |
Re: Dangote Milking Nigeria Since 70s, Now He Wants To Buy NLNG. by rusher14: 1:42pm On Sep 27, 2016 |
We can see through the shenanigans. There's the national stadium in Surulere if he's so interested in assets. 1 Like |
Re: Dangote Milking Nigeria Since 70s, Now He Wants To Buy NLNG. by samdavid360: 2:30pm On Sep 27, 2016 |
iiiyyyk: Instead of crying, why not find what would make you richer in the long term? You're not benefiting yourself or anyone else for that matter by writing bad things about Dangote. It doesn't help anyone. Get a life. Find a hustle. Take care of your family . 1 Like |
Re: Dangote Milking Nigeria Since 70s, Now He Wants To Buy NLNG. by computerboy: 3:04pm On Sep 27, 2016 |
OP Get busy. Dangote/FG is not even hearing you. 1 Like |
Re: Dangote Milking Nigeria Since 70s, Now He Wants To Buy NLNG. by iiiyyyk(m): 3:12pm On Sep 28, 2016 |
computerboy: Atleast u heard me. ar u not important? or ar u not part of the nigeria project? |
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