shinebabe:
I don't think many here even know what this post/dangote's acquisition is about.

He has acquired the company ( which has specialised, patented technology to build and operate cheaper gas plants. Obviously, we wants to have the company build and operate one on Nigeria. It can be situated beside his refinery if he wants, close to the Lagos oil company.

"It said, “The acquisition complements DIL’s portfolio of investments in the upstream, midstream and downstream segments of the oil and gas sector. The company will assist in the design and construction of the gas plants, which will be strategic in processing gas from oil fields for transportation via Dangote’s planned sub-sea pipeline for ultimate consumption by various industries and power plants.”

I think you may just be the only one that understands this topic: judging from the comments so far.

You are sharp babe or nairalanders are to dull or quick to comment

Go on sir, one big love from here. Allah's Rahama sir always. You're feeding many ppl thru me, many ppl are praying for you always.

abokibuhari:
use less monopolist

I hate yo kind. Sadist, bad bell, enemy of progress al na U. For crying out loud, this is a capitalist state. Who stoped U from competing with him. Bro, cut the man some slack and go get a job!

emmyid:


I hate yo kind. Sadist, bad bell, enemy of progress al na U. For crying out loud, this is a capitalist state. Who stoped U from competing with him. Bro, cut the man some slack and go get a job!

you have been noticed

12inches1:
What good as this man done to Nigeria. He is an opportunist. He should park well. Is he not from the north where people are suffering extreme poverty? He cant start business in his community. He has to go to Europe. Africans can be so stupid.

Bros u are a nigerian also, invest in the north na abi anybody is stoping you. Dangote has done a lot for our economy if we hav 5 investors like him we would hav been better of. He sees opportunies and he utilizes them. Ok nigerians need rice,tomatoes infact all. Agric products now better invest in were there is need now o no be wen dangote open rice processing plant or groundnut plant YOU and ur type go com start de talk monopoly. The truth is he has been loyal to our economy even wen other investors are running away he sees reasons and opportunities.

obailala:
There's a saying that "great men become great when others are sleeping." The last time I checked, Dangote isnt stopping other businessmen from growing.

I never said he did. He definitely had the backing of most governments. Ever read of what happened to Soviet Union when it broke up? Most monopolies have the backing of the government.

If monopoly is allowed to continue, large percentage of employees will earn petty wages/salary while few will earn more. No competition to threaten the market holders.

Not too far example is MTN and Globacom. MTN insisted that PSB is not possible until Globacom came and hit the market. Where do you think we would have been of there was no competition?

How many examples should I cite? Coca Cola, 7Up Bottling Company, Toyota, Hyundai?

Let competition thrive and the consumers will know the best place to pitch their tent.

Like I said earlier, I like his business acumen. Exploring opportunities. Ciao.

I hope we disagree to agree.

Dumb ass I'm in graduate school in the U.S. In Engineering for that matter. Im way more exposed than you but that is besides the point. Is Dangote the only rich man in Nigeria? Why does only dangote enjoy this kind of support from FG if not for his monopolizing business model. Is it not the other time he wanted to buy NLNG? Or he was trying to kick ibeto cement out of business through unfair practices. What you do not uderstand that is that monopoly doesnt help the economy in general. That is why countries like U.S have anti-trust laws that promote fair competition for the benefit of consumers and the economy. So if dangote ends up cornering the whole business sector in Nigeria, that will not benefit anyone or the country. But people like you will keep hailing him to your detriment. Dangote made most of his money in Nigeria and should invest in Nigeria. Has he exhausted all investment opportunities in Nigeria or in Africa? Yes it's his money but he made it from the country.

Gerrard59:


Ridiculous comment.

What good has Dangote done to Nigeria? He's a businessman and every business wo(man) aim is to make profit. Opportunist by taking one when he sees it? How does he coming from the north affects his business empire? Haven't you heard of The Dangote Foundation? Is he the government that is saddled with the responsibility of delivering good governance to her residents? India, China, Indonesia, Malaysia and a host of countries have people living in extreme poverty conditions not only Nigeria nor the north.

He's a businessman and in business, there are no sentiments. LA-shing of Hong Kong has invested in Europe, it's his money. Majority of his businesses are located in the north and you come here ranting nonsense. I don't blame you, according to Sagamite, your likes are products of a failed education system.


E no go better for Glo wey dey dash awuff data plan to any kain person.

Another example is DSTV(multichoice). That is why you're forced to pay 13k. No competition.

dfrost:


I never said he did. He definitely had the backing of most governments. Ever read of what happened to Soviet Union when it broke up? Most monopolies have the backing of the government.

If monopoly is allowed to continue, large percentage of employees will earn petty wages/salary while few will earn more. No competition to threaten the market holders.

Not too far example is MTN and Globacom. MTN insisted that PSB is not possible until Globacom came and hit the market. Where do you think we would have been of there was no competition?

How many examples should I cite? Coca Cola, 7Up Bottling Company, Toyota, Hyundai?

Let competition thrive and the consumers will know the best place to pitch their tent.

Like I said earlier, I like his business acumen. Exploring opportunities. Ciao.

I hope we disagree to agree.

12inches1:
Another example is DSTV(multichoice). That is why you're forced to pay 13k. No competition.

Exactly. HiTV almost tried but couldn't last. Let me cite an example that will mage is understand better.

How many switching companies do we have in Nigeria? Do you know?

Lnxxxxx:


I think you may just be the only one that understands this topic: judging from the comments so far.

You are sharp babe or nairalanders are to dull or quick to comment

Thanks. Its just unfortunate that people hardly read these days. Its also why I've reduced my time on here. Too many rushed and consequently uninformed comments.

Gerrard59:


Ridiculous comment.

What good has Dangote done to Nigeria? He's a businessman and every business wo(man) aim is to make profit. Opportunist by taking one when he sees it? How does he coming from the north affects his business empire? Haven't you heard of The Dangote Foundation? Is he the government that is saddled with the responsibility of delivering good governance to her residents? India, China, Indonesia, Malaysia and a host of countries have people living in extreme poverty conditions not only Nigeria nor the north.

He's a businessman and in business, there are no sentiments. LA-shing of Hong Kong has invested in Europe, it's his money. Majority of his businesses are located in the north and you come here ranting nonsense. I don't blame you, according to Sagamite, your likes are products of a failed education system.


E no go better for Glo wey dey dash awuff data plan to any kain person.

Finally someone with sense. there's too much senseless comments on this streets

Lnxxxxx:


I think you may just be the only one that understands this topic: judging from the comments so far.

You are sharp babe or nairalanders are to dull or quick to comment

Many people on these streets just jump into half baked conclusions based on one or two lines

HQuadreal:
Confirm.
10th FTC on nairaland.

From Abdulrazak Olayinka Abdulquadri.

bros you seriously need job.

Not bad

This is the man Arch Bishop Benson Idahosa blessed and said the whole world would stand up for you.
This is a verifiable story!!!

emmydollars4life:
bros you seriously need job.

Find me one na.

Ground preparations for the eventual acquisition of NLNG..

Congrats to Alico Dangote and to all Dangote group for this great move. I wish you well on the new business line. Congrats.

OJUcrook:
See them hypocrite blaming Dangote for acquring a Gas Plant in Neitherland. When he stealthly made his intention of buying up the NLNG known few weeks ago, these were the same people that almost crucified him, now here they are, blaming him for not ''investing his money in Nigeria''. Bloody effing hypocrites !!


Dangote Baba, carry go jor., nothing do you. Me I dey feel you die. I hope and pray that very soon God will bless my hustle too, so I will be as wealthy as you are. Meanwhile, we eagerly wait for the completion of the consruction of your Oil Refinery and Petrochemical Plant in Lagos State, and your Coal Mine in Kogi State.

Oga there is a difference between Gas Plant and gas firm, waht Dangote bought is a FIRM that designs gas plants not a Physical gas plant

For those of you still Embarrassing yourselves with silly post as if Una nor fit read and comprehend here is the website to that company

http://twisterbv.com/about/

12inches1:
What good as this man done to Nigeria. He is an opportunist. He should park well. Is he not from the north where people are suffering extreme poverty? He cant start business in his community. He has to go to Europe. Africans can be so stupid.

You have just displayed absolute ignorance of DIL business strategies. DIL is in business to make profit and Corporate Social Responsibility only comes second. This current investment in Switzerland is to help DIL leverage on the technical knowhow of the firm in gas production which in the long run will Impact Nigeria economy positively. Hey guy! Watch out for DIL in the next 3years and you will be proud of the gut.

abokibuhari:
use less monopolist

Enemy of Progress

Nice move. At least now our fellow Nigerians won't ask for his head on a stick for suggesting that Govt should sell some state assets. Afterall this his latest acquisition is not owned by Nigeria.

To cut the long story short. He will move the gas through the sub sea pipes he is already laying under the sea and sell to fellow Nigerians. The upside for him is that the coy will produce gas using the latest technology meaning that production will be optimally efficient and cheaper too compared to the out dated technology we use here and not to mention our myopic brothers in the Niger Delta who are busy blowing up pipelines. At the end of the day, Dangote will continue to smile to the bank. As he has rightly mentioned in one of his interviews, the best time to invest in any economy is a down turn period when asset prices are really depressed. Let's just watch what will happen to his tangible networth when the economy recovers. Another downside for us which is a quickwin for Dangote on this pruchase is this. He will be able to bring to bring in gas to Nigeria and other parts of West Africa at relatively cheaper prices and NLNG won't be able to compete because of the huge cost of production and as usual he will use price as a winning factor. I guess when he advised government to sell some assets he was merely giving Nigerian a heads up because I am sure this deal would have been in the pipeline for a while.

More so, I gather that he acquired the gas plant at a huge discount as most of these countries in the EU are starting to embrace more eco friendly ways of electricity generation esp wind, solar and ocean waves.


The CEO of FaceBook practically controls the entire social media platform yet we all praise him. Same for Bill Gates of Microsoft and the late Steve Jobs of Apple. But the moment we have our very own trying to push boundaries, we are quick to start raining curses and saying he is a monopolist.

At least now nobody can come and say that Dangote has plans to cheat the govt or the Niger Delta or Nigerians because the gas plant is not a state owned assets.

May God open our eyes of understanding and God bless Nigeria.

Nice move. At least now our fellow Nigerians won't ask for his head on a stick for suggesting that Govt should sell some state assets. Afterall this his latest acquisition is not owned by Nigeria.

To cut the long story short. He will move the gas through the sub sea pipes he is already laying under the sea and sell to fellow Nigerians. The upside for him is that the coy will produce gas using the latest technology meaning that production will be optimally efficient and cheaper compared to the out dated technology we use here and not to mention our myopic brothers in the Niger Delta who are busy blowing up pipelines. At the end of the day, Dangote will continue to smile to the bank. As he has rightly mentioned in one of his interviews, the best time to invest in any economy is a down turn period when asset prices are really depressed. Let's just watch what will happen to his tangible networth when the economy recovers. Another downside for us which is a quickwin for Dangote on this purchase is this. He will be able to bring to bring in gas to Nigeria and other parts of West Africa at relatively cheaper prices and NLNG won't be able to compete because of the huge cost of production and as usual he will use price as a winning factor. I guess when he advised government to sell some assets he was merely giving Nigerian a heads up because I am sure this deal would have been in the pipeline for a while and only just made public now

More so, I gather that he acquired the gas plant at a huge discount as most of these countries in the EU are starting to embrace more eco friendly ways of electricity generation esp wind, solar and ocean waves.


The CEO of FaceBook practically controls the entire social media platform yet we all praise him. Same for Bill Gates of Microsoft and the late Steve Jobs of Apple. But the moment we have our very own trying to push boundaries, we are quick to start raining curses and saying he is a monopolist.

At least now nobody can come and say that Dangote has plans to cheat the govt or the Niger Delta or Nigerians because the gas plant is not a state owned asset.

May God open our eyes of understanding and God bless Nigeria.

Do not be mistaken, nobody is against him. I think he has been allowed to monopolize the market by government. Why should only him be the biggest merchandise in Nigeria? Certain things should initiate questioning. How can a country grow with only one man being given the gift to prosper without questioning.

OJUcrook:
See them hypocrite blaming Dangote for acquring a Gas Plant in Neitherland. When he stealthly made his intention of buying up the NLNG known few weeks ago, these were the same people that almost crucified him, now here they are, blaming him for not ''investing his money in Nigeria''. Bloody effing hypocrites !!


Dangote Baba, carry go jor., nothing do you. Me I dey feel you die. I hope and pray that very soon God will bless my hustle too, so I will be as wealthy as you are. Meanwhile, we eagerly wait for the completion of the consruction of your Oil Refinery and Petrochemical Plant in Lagos State, and your Coal Mine in Kogi State.

deenee:
Nice move. At least now our fellow Nigerians won't ask for his head on a stick for suggesting that Govt should sell some state assets. Afterall this his latest acquisition is not owned by Nigeria.

To cut the long story short. He will move the gas through the sub sea pipes he is already laying under the sea and sell to fellow Nigerians. The upside for him is that the coy will produce gas using the latest technology meaning that production will be optimally efficient and cheaper compared to the out dated technology we use here and not to mention our myopic brothers in the Niger Delta who are busy blowing up pipelines. At the end of the day, Dangote will continue to smile to the bank. As he has rightly mentioned in one of his interviews, the best time to invest in any economy is a down turn period when asset prices are really depressed. Let's just watch what will happen to his tangible networth when the economy recovers. Another downside for us which is a quickwin for Dangote on this purchase is this. He will be able to bring to bring in gas to Nigeria and other parts of West Africa at relatively cheaper prices and NLNG won't be able to compete because of the huge cost of production and as usual he will use price as a winning factor. I guess when he advised government to sell some assets he was merely giving Nigerian a heads up because I am sure this deal would have been in the pipeline for a while and only just made public now

More so, I gather that he acquired the gas plant at a huge discount as most of these countries in the EU are starting to embrace more eco friendly ways of electricity generation esp wind, solar and ocean waves.


The CEO of FaceBook practically controls the entire social media platform yet we all praise him. Same for Bill Gates of Microsoft and the late Steve Jobs of Apple. But the moment we have our very own trying to push boundaries, we are quick to start raining curses and saying he is a monopolist.

At least now nobody can come and say that Dangote has plans to cheat the govt or the Niger Delta or Nigerians because the gas plant is not a state owned asset.

May God open our eyes of understanding and God bless Nigeria.

Please read the post again only this time do it slowly

erico2k2:

Please read the post again only this time do it slowly

OK Sir

This man would have managed nlng better if not for tribalism but thank God for this.

12inches1:
What good as this man done to Nigeria. He is an opportunist. He should park well. Is he not from the north where people are suffering extreme poverty? He cant start business in his community. He has to go to Europe. Africans can be so stupid.

Its a business not a charity.

Joshintua:
Why not invest the money used in Nigeria. It might be another business target though.

When he was talking about buying NLNG people complained now that he has gone abroad you guys are still complaining.

dfrost:


I never said he did. He definitely had the backing of most governments. Ever read of what happened to Soviet Union when it broke up? Most monopolies have the backing of the government.

If monopoly is allowed to continue, large percentage of employees will earn petty wages/salary while few will earn more. No competition to threaten the market holders.

Not too far example is MTN and Globacom. MTN insisted that PSB is not possible until Globacom came and hit the market. Where do you think we would have been of there was no competition?

How many examples should I cite? Coca Cola, 7Up Bottling Company, Toyota, Hyundai?

Let competition thrive and the consumers will know the best place to pitch their tent.

Like I said earlier, I like his business acumen. Exploring opportunities. Ciao.

I hope we disagree to agree.

Well whose fault is it that interest rates are prohibitive in this country making it difficult for other Nigerians to have access to capital like Dangote? Please don't blame the man, go and blame the people who ruled the country and the central bank.