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Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Bizibi(m): 12:44pm On Aug 28, 2017 |
Abeg forget jare,all you need is this country is to get the right connect and the right people to work with then you re good to go. And lastly try to know and understand the system in this country it will save you the stress of travelling round the...... 1 Like |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Nobody: 12:50pm On Aug 28, 2017 |
ITbomb: #BossTalk 1 Like |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Nobody: 12:52pm On Aug 28, 2017 |
buffalowings: http://www.monbiot.com/2011/11/07/the-self-attribution-fallacy/ |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by stillseth: 1:00pm On Aug 28, 2017 |
ITbomb: you've said it all brother...and he had a very strong government backing/connection so they monopolized everything for him...majorly the cement sector...dangote controls cement price 2 Likes 1 Share |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Allwility: 1:00pm On Aug 28, 2017 |
Doing business in Africa comes with its own challenges. Often times you need someone to hold your hands i.e guide through the murky waters of this serengeti. Corruption and inadequate infrastructure are bottlenecks that need to be curbed. But the rewards are high. Dangote knows this. That's why he stakes high. I like his business acumen and have learnt quite a lot from him. |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by buffalowings: 1:03pm On Aug 28, 2017 |
TheLordIsGr8: Thanks for the link |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Sapiosexuality(m): 1:15pm On Aug 28, 2017 |
ITbomb:Well said. People like Dangote don't inspire me. 1 Like |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Reference(m): 1:15pm On Aug 28, 2017 |
ITbomb: Stop this rubbish. 500,000 then is equivalent to something like 20 to 25 million today in real terms and this I know because we traded with Dangote back then (my family) when he started out trading sugar and flour in Kano. The man is just dogged, persistent and consistent. Never been distracted by easy money that comes with politics as you insinuate. Most Nigerians quit when the investment cycle or season is over. Not this man. His appetite for progress is just unrivaled. |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Aquariann: 1:26pm On Aug 28, 2017 |
stillseth: Can you prove it that Dangote is the only cement manufacturer in Nigeria? 1 Like 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Reference(m): 1:33pm On Aug 28, 2017 |
stillseth: But cement isn't what made Dangote. Dangote was a big brand before cement. In time to come people will say Dangote is this or that because he has the only functional refinery in Nigeria and so government loads the dice for him. When Dangote started out in wheat Golden Penny existed. When he started in sugar Savannah was there, when he started in cement WAPCO, BCC and Ashaka was there and when he starts in O&G, the NNPC is here. These were all government/pseudo-government owned entities and enterprises. What was common between them was they were failing, inefficient monopolies unable to meet up with a growing Nigerian demand for products and efficient services. People seem to forget easily that this country experienced a flour, sugar, cement and steel crises in the mid-eeighties just as we exoerince a fuel crises today. Was it Dangote's fault then. He simply takes advantage of a failing system. Gets government to divest and occupies the vacumn. That he fights to keep enterprise in the hands of the private sector is not monopolistic, it is sensible. It is what we all do. If government sought to take over your business line what will you do. All the governemnt cement plants were put up for sale. He did not buy them all. Have you asked where are the others. 3 Likes 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Ijaya123: 1:38pm On Aug 28, 2017 |
ITbomb: Same way he used northern connections to bend policies of other African countries he has investments in? I sense jealousy and hatred as the foundation of your grudges. Unfortunately, no one can help you here. 3 Likes 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by 989900: 2:06pm On Aug 28, 2017 |
ITbomb: N500,000 which was actually about $765,000 thereabout then at 65-70 kobo to $1, which in 2017 dollars would be roughly $3m dollars ( roughly a billion 2017 Naira) in value (adjusted for inflation). However, that is not the point in this article, the point is, he is a smart man, an astute business man who believes in Africa. Many people (Bukola Saraki, Kola Abiola, Deji Abiola, Femi Fani-Werepe, Ojukwu, Femi Otedola, Mohammed Babangida, Mohammed Abacha, and many more I can't remember) with far more money, far greater opportunities and connections but are not as successful as Dangote. 3 Likes 3 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by 989900: 2:06pm On Aug 28, 2017 |
ITbomb: N500,000 which was actually about $765,000 thereabout then at 65-70 kobo to $1, which in 2017 dollars would be roughly $3m dollars ( roughly a billion 2017 Naira) in value (adjusted for inflation). However, that is not the point in this article, the point is, he is a smart man, an astute business man who believes in Africa. Many people (Bukola Saraki, Kola Abiola, Deji Abiola, Femi Fani-Werepe, Ojukwu, Femi Otedola, Mohammed Babangida, Mohammed Abacha, and many more I can't remember) with far more money, far greater opportunities and connections but are not as successful as Dangote. |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Aquariann: 2:07pm On Aug 28, 2017 |
Ijaya123: Exactly. These people keep shouting monopoly here and there, but has the government stopped anyone from venturing into cement production? There's abundance of limestone everywhere you turn to in Nigeria, yet these folks would rather import finished cement from Asia (branding it their names) than set up factory, which is better in the long run for the economy. Only God knows what the price of cement would have been if importation wasn't banned with this dollar wahala. Talking about monopoly, I can name the following cement manufacturers in Nigeria other than Dangote 1. Bua cement (Edo state) 2. Sokoto cement (Northern Nigeria cement company) 3. Unicem (Akampka, Cross River, more expensive than Dangote and predominant/preferred in the South-East) 4. Gwana Cement (Bauchi state) 5. Lafarge cement (Ogun state) So with these other players, how has dangote monopolised cement production in Nigeria? Dangote tried his hands in Noodles production but failed. Thanks to Indomie's aggressive marketing strategies, Dangote was forced to sell Dangote noodles to Indomie because they couldn't keep up. But if Dangote had succeeded, these same folks would be shouting monopoly, rather than blame indomie for their failures 7 Likes 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Atheistan: 2:08pm On Aug 28, 2017 |
rich man |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by freshest4live: 2:14pm On Aug 28, 2017 |
buffalowings:Dangote always admitted he started as a rich man and with a huge loan. 2 Likes 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Nobody: 2:17pm On Aug 28, 2017 |
Nigerian Orligarchs |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by freshest4live: 2:18pm On Aug 28, 2017 |
Aquariann:Those wailers would never stop, Dangote is also successful in about 18 African countries and is the biggest business conglomerate in AFRICA, can MONOPOLY alone take one that far 2 Likes 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by khayce: 2:31pm On Aug 28, 2017 |
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Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by kinharold(m): 2:47pm On Aug 28, 2017 |
ITbomb:Exactly why Dangote is NOT an inspiration or an Entrepreneurship Role Model for me. Rather, my greatest Inspiration is his Great, Grand Father Alhassan Dantata. He built the wealth ALL of them are now enjoying ALL from NOTHING. Ask Google. 2 Likes |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Aquariann: 2:50pm On Aug 28, 2017 |
freshest4live: Yes o.. The DPR issued about 25 licences to individuals who said they could/would set up private refineries in the country. But as at today, only Dangote is building his own refinery. Mind you, 21 of those licences are for modular refineries (i.e not up to Dangote's size, with just 10,000pbd as their refining capacity) Others, perhaps are waiting for when the FG would auction Ph, Warri and KD refineries so they can bid. Meanwhile these same people Have started shouting he has the monopoly of building a refinery. 1 Like 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by freshest4live: 3:10pm On Aug 28, 2017 |
Aquariann:What they fail to ask themselves is this... if Dangote have only been successful via monopoly then why did he fail with noodles in Nigeria, and why does he fear the telecommunication sector because he has little knowledge of it compared to other top players 1 Like 1 Share |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Nobody: 3:14pm On Aug 28, 2017 |
Ugosample: This is the only tangible reason he stands out http://sundayadelajablog.com/must-see-benson-idahosa-blessed-prophesied-young-aliko-dangote-t-l-osborn-connection-5/ |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by OGHENAOGIE(m): 3:21pm On Aug 28, 2017 |
MrAmbition:u ve started again abi u pple will not rest rubbish 1 Like |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Aquariann: 3:43pm On Aug 28, 2017 |
freshest4live: Typical African (or is it Nigerian) victim mentality. It's easier to blame your succeeding/successful neighbour for your failures than try to copy his tried and tasted working template. Or seek the right counsel. Dangote doesn't just follow the crowd. Everyone in the oil sector was using the easy route of importing. He chose to best route which is to refine locally. Everyone once imported cement, he chose to manufacture. He now plans now to set up a private university focused on technology research or something like that. This is a niche I've always wondered why no one wanted to invest in. i.e rather than just follow the band wagon setting up conventional universities with everyday courses, someone should invest in Specialist university. What I had in mind was even a university of say (strictly) medicine, medical science and drug(including cancer) research sort off. Just think of the huge profits from educational and medical tourism both from Nigerians and foreigners. Nigerians wouldn't have to visit india or John Hopkins 1 Like 2 Shares |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by RBSnigeria: 3:49pm On Aug 28, 2017 |
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Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by freshest4live: 3:52pm On Aug 28, 2017 |
Aquariann:Thank you Jarry, most Nigerian Billionaires don't think out of the box, maybe due to the quick oil money available. |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Aquariann: 4:00pm On Aug 28, 2017 |
freshest4live: As in eh... That's why so many unoccupied estates line up the streets of Abuja and places like Lekki and Oniru in Lagos. These are the only things they can invest "their monies" in. 1 Like |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by KunkeAkinola(m): 4:23pm On Aug 28, 2017 |
ITbomb: Haters' gang |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by kboycrew: 4:43pm On Aug 28, 2017 |
ITbomb: Small minds discuss people negatively. is he the only one with Northern connection? where are the others? He is a successful business man and rather than admiring and learning from him you are busy saying rubbish. grow up Lad. |
Re: 4 Lessons Entrepreneurs Should Learn From Dangote’s Bloomberg Interview by Nobody: 5:01pm On Aug 28, 2017 |
Be wise, Abiola died wretched Mopolchi: |
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