Obasanjo made telecoms business thrive, says Dangote



Africa’s richest man and President of Dangote Group, Aliko Dangote, said telecoms business in Nigeria thrived because of the initiative of former President Olusegun Obasanjo.

Dangote said this at a business conference organised by the Gateway Partners in Singapore. The video of the conference was posted on Youtube and Facebook on Tuesday.



The billionaire said government policies could either help businesses to grow or kill them.

He, therefore, stated that it took the creativity of Obasanjo to give telecoms companies a tax holiday before they could make profit.

Dangote added, “The telecoms industry wouldn’t have been successful especially in Nigeria when they came in. In Nigeria, we have a tax rule in which we don’t offer any tax holiday or any incentive to services but President Obasanjo was very very creative. That is the truth, not because he is here. I didn’t even know that he was here.

“There was a claim that there would not be any profitability and he said you know what, ‘I am going to give you a five-year tax holiday’ even though it was not in the tax law but as a President he had the prerogative of approving a tax holiday which he did and that was what even allowed them to come in because the calculation was that the entire country, both land and mobile, we had 500,000 lines in 2000 and today, you are talking about 147 million lines.

“So, it depends on the government of the day, it depends on what you can convince them to do and what they are trying to do.”

Meanwhile, Dangote is expected to hold a town hall meeting with the Chairman of Econet Wireless and billionaire businessman, Strive Masiyiwa, at the Obasanjo Presidential Library in Abeokuta.

Masiyiwa said in a Facebook post that they would attend the town hall meeting to discuss the future of African youths.

Obasanjo, who has been advocating for greater youth participation in politics, was said to have convinced the two billionaires at a business conference organised by Gateway Partners in Singapore.



Masiyiwa said, “Mr. Dangote and I have accepted an invitation from former President Obasanjo (who also attended the meeting in Singapore) to hold a town hall meeting in Nigeria in which he will moderate a discussion between the two of us on how Africa can help its young entrepreneurs.

“It will be held at his library in Nigeria, but will be broadcast live. We just have to find a date in our respective schedules. Hopefully we can do it this year.”

Meanwhile, the Coalition for Nigerian Movement led by Obasanjo has slammed President Muhammadu Buhari for seeking a second term in office.

The spokesman for the CNM, Akin Osuntokun, told our correspondent that Buhari had done nothing to deserve a second term.

He said, “He would be required to clearly enunciate the record on which he wants to run for second term. He would have to clarify how his incumbency and the APC government has proven a better alternative to the PDP and President Goodluck Jonathan with whom they steadfastly compare record of failures – not achievements.”


http://punchng.com/obasanjo-made-telecoms-business-thrive-says-dangote/

Ebora owu.

Yea! That is just the plain truth...like it or leave it, Obasanjo is a true and tactical leader with focus. His eight years brought so many positive changes in our national life.

Buhari even if given fifty years will not achieve what Obasanjo achieved in his eight years in power. A foolish and idiotic president who openly said he doesn't know how to make money is not fit to handle a complex economy of Nigeria.

Buhari has never written a book in his life,never delivered any intellectual speech and had never employed people...this man is a certified dunce.

It’s true but I think he got his shares too ... but the fact is that at the pace mobile telecommunications was spreading up it was just a matter of time before it gets to Nigeria even if he had wanted it or not China would have still penetrated Nigerian market with their cheap GSM

True that.

Gs

Is that an achievement?

lienus

Buhari will soon destroy it.

Oluwaseyi456:
Is that an achievement?

What is an achievement my Yoruba Muslim brother? Is it making cattle business to thrive by sponsoring the killing of farmers all over Nigeria?

thrive you say! its more like he slammed Nigerians with second hand..

The company this government gave a tax holiday turned out to be a "not serious" one. TSTV

Uhv

Obasanjo remains the best President we ever had. Argue with your ancestors if you disagree.

jerryunit48:
It’s true but I think he got his shares too ... but the fact is that at the pace mobile telecommunications was spreading up it was just a matter of time before it gets to Nigeria even if he had wanted it or not China would have still penetrated Nigerian market

Which country has Chinese telecommunication companies penetrated?

hatchy:
Yea! That is just the plain truth...like it or leave it, Obasanjo is a true and tactical leader with focus. His eight years brought so many positive changes in our national life.

Buhari even if given fifty years will not achieve what Obasanjo achieved in his eight years in power. A foolish and idiotic president who openly said he doesn't know how to make money is not fit to handle a complex economy of Nigeria.

Buhari has never written a book in his life,never delivered any intellectual speech and had never employed people...this man is a certified dunce.

What Obasanjo did in Telecoms, Buhari has done in rice which is even better.

This is very true.

Xisnin:

Which country has Chinese telecommunication companies penetrated?

Abi ooo...Some dunce with internet access commenting.

I think Internet access should be restricted based on intellectual grades

Xisnin:

Which country has Chinese telecommunication companies penetrated?

am talking of GSM

I like Obasanjo for not just being detribalized but also for his jokes.

I learnt Buhari wants to be funny too but he cracks dry jokes.

Insiders say that his aides just laugh at Buhari's dry jokes because they don't want to lose their jobs.

"PDP no do'' but atleast we still see what they did on ground. What has APC done?

Dangote! I beg you in whatever you believe in, go get yourself SUIT and stop wearing coat. You got to be looking sharp bruh

Oluwaseyi456:
Is that an achievement?

you don't know what achievement is?

Ikebesupa:
Dangote! I beg you in whatever you believe in, go get yourself SUIT and stop wearing coat. You got to be looking sharp bruh

aboki spirit no dey comot easily.

what has our incorruptible commando made thrive?

knuckbuck:
"PDP no do'' but atleast we still see what they did on ground. What has APC done?

APC has done many things, npower, pain,money devaluation and the likes

Abagworo:


What Obasanjo did in Telecoms, Buhari has done in rice which is even better.

China rice or plastic rice?

Yes Obasanjo broke the monopoly in telecommunication but Bubu is a specialist in bringlng down well-built structure.

DonVikings:
Obasanjo remains the best President we ever had. Argue with your ancestors if you disagree.

with time them go know his value.

jerryunit48:
am talking of GSM

What is GSM?
I think your comments were based on ignorance of the telecom sector.

Jsucre:


APC has done many things, npower, pain,money devaluation and the likes

Dry Joke

Dotng:
Obasanjo made telecoms business thrive, says Dangote



Africa’s richest man and President of Dangote Group, Aliko Dangote, said telecoms business in Nigeria thrived because of the initiative of former President Olusegun Obasanjo.

Dangote said this at a business conference organised by the Gateway Partners in Singapore. The video of the conference was posted on Youtube and Facebook on Tuesday.



The billionaire said government policies could either help businesses to grow or kill them.

He, therefore, stated that it took the creativity of Obasanjo to give telecoms companies a tax holiday before they could make profit.

Dangote added, “The telecoms industry wouldn’t have been successful especially in Nigeria when they came in. In Nigeria, we have a tax rule in which we don’t offer any tax holiday or any incentive to services but President Obasanjo was very very creative. That is the truth, not because he is here. I didn’t even know that he was here.

“There was a claim that there would not be any profitability and he said you know what, ‘I am going to give you a five-year tax holiday’ even though it was not in the tax law but as a President he had the prerogative of approving a tax holiday which he did and that was what even allowed them to come in because the calculation was that the entire country, both land and mobile, we had 500,000 lines in 2000 and today, you are talking about 147 million lines.

“So, it depends on the government of the day, it depends on what you can convince them to do and what they are trying to do.”

Meanwhile, Dangote is expected to hold a town hall meeting with the Chairman of Econet Wireless and billionaire businessman, Strive Masiyiwa, at the Obasanjo Presidential Library in Abeokuta.

Masiyiwa said in a Facebook post that they would attend the town hall meeting to discuss the future of African youths.

Obasanjo, who has been advocating for greater youth participation in politics, was said to have convinced the two billionaires at a business conference organised by Gateway Partners in Singapore.



Masiyiwa said, “Mr. Dangote and I have accepted an invitation from former President Obasanjo (who also attended the meeting in Singapore) to hold a town hall meeting in Nigeria in which he will moderate a discussion between the two of us on how Africa can help its young entrepreneurs.

“It will be held at his library in Nigeria, but will be broadcast live. We just have to find a date in our respective schedules. Hopefully we can do it this year.”

Meanwhile, the Coalition for Nigerian Movement led by Obasanjo has slammed President Muhammadu Buhari for seeking a second term in office.

The spokesman for the CNM, Akin Osuntokun, told our correspondent that Buhari had done nothing to deserve a second term.

He said, “He would be required to clearly enunciate the record on which he wants to run for second term. He would have to clarify how his incumbency and the APC government has proven a better alternative to the PDP and President Goodluck Jonathan with whom they steadfastly compare record of failures – not achievements.”


http://punchng.com/obasanjo-made-telecoms-business-thrive-says-dangote/

By selling us simcard made of plastic n silicon for 33k

Abi by selling is basic phones like Alcatel, Samsung true eyes n Nokia 3310 for over 30k