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Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man - Business (2) - Nairaland

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Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Ugosample(m): 10:13pm On Mar 23, 2019
madridsta007:


Be close to any government in power. The business secret they will not write in books and magazines.

This is the main business element of Dangote. Your closeness to the government in power will help you buy favours, such as lowering down your price while getting special dollar subsidies in order to stifle your main competitor out of business. Case in point, Dangote Cement vs Ibeto Cement.
The demand for your competitor's goods will fall, yours will increase and slowly they go out of business.

Then you can monopolize the market and take the price of your product up.

you guys have not quit this cock and bull story about Dangote destroying Ibeto undecided


Ibeto and his circumstances destroyed him

you cannot blame Dangote for what happened to him, especially with that Nkalagu fiasco

But its convenient to tell these stories

1 Like

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Ugosample(m): 10:14pm On Mar 23, 2019
PDPBOY:
Youth of this generation want to be like dangote over crybut would never want to pass through the path to success of just ordinary five5 years

true
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by twerkjack: 10:18pm On Mar 23, 2019
cr7lomo:
1. Be friends with those running the government
2. Make sure u are from the north
3. Make sure ur friends that rule the nation monopolize any industry u have an interest in for u alone
4 make sure u give them so much gifts
5. Be loyal to every general in the country
when Buhari said “lazy Nigerian youths” he was referring to u and ur kind undecided

Sad things is, there are so many of u......

Y’all make us all seem “lazy” sad
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Nobody: 10:22pm On Mar 23, 2019
madridsta007:


Be close to any government in power. The business secret they will not write in books and magazines.

This is the main business element of Dangote. Your closeness to the government in power will help you buy favours, such as lowering down your price while getting special dollar subsidies in order to stifle your main competitor out of business. Case in point, Dangote Cement vs Ibeto Cement.
The demand for your competitor's goods will fall, yours will increase and slowly they go out of business.

Then you can monopolize the market and take the price of your product up.

This is a typical IBO submission. Very parochial , self delusion and highly illogical. The case of Ibeto cement is one of the several cases of Jonathan and Okonjo - Iweala gross mismanagement of our economy and aiding & abetting of their kinsmen to loot Nigeria.

Ibeto does not manufacture Cement but only does packaging of imported cement from its PortHarcourt jetty as at this time. I am not sure if it has started in 2019.

Several companies carry out packaging of imported cement for several years. These companies include Flour Mills of Nigeria, Dangote, Yinka Folawiyo & several others. Yinka Folawiyo has been packaging cement before Eagle cement Port Harcourt when Ibeto cement was not even in existence. Dangote cement, Isiyaku Rabiu & Sons (BUA), Flour Mills (FMN), Folawiyo & some others have facilities & investment in cement packaging bigger than Ibeto cement.

When Obj banned cement importation, it affected all the importers. The IBOs attacked Obj severely using various paid electronic & print media claiming the ban was because of Ibeto cement. Obj is now their favourite because of Atiku.

The ban was in force when Yaradua assumed leadership. After his death, when GEJ assume full leadership, while other companies invested billion of dollars on local production & employed hundreds of thousand of people, GEJ gave Ibeto approval to resume packaging of imported cement in PortHarcourt. Naturally, this stopped immediately PMB assume leadership.

Till date, other companies affected have diversified or invested on local production, but the Ibeto kinsmen will never allow us to rest

5 Likes 2 Shares

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by balonaija(f): 10:23pm On Mar 23, 2019
hmmmm
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Nobody: 10:32pm On Mar 23, 2019
The only lesson Aliko will teach me is how to collect loans from the banks., at least 7.5 billion naira without collateral.I have brilliant ideas of my own
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by cr7lomo: 10:47pm On Mar 23, 2019
twerkjack:
when Buhari said “lazy Nigerian youths” he was referring to u and ur kind undecided

Sad things is, there are so many of u......

Y’all make us all seem “lazy” sad

U are lost and definitely can't b found
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by twerkjack: 10:52pm On Mar 23, 2019
cr7lomo:


U are lost and definitely can't b found
olodo.

Smh undecided
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Ugosample(m): 10:59pm On Mar 23, 2019
babaolofin:


This is a typical IBO submission. Very parochial , self delusion and highly illogical. The case of Ibeto cement is one of the several cases of Jonathan and Okonjo - Iweala gross mismanagement of our economy and aiding & abetting of their kinsmen to loot Nigeria.

Ibeto does not manufacture Cement but only does packaging of imported cement from its PortHarcourt jetty as at this time. I am not sure if it has started in 2019.

Several companies carry out packaging of imported cement for several years. These companies include Flour Mills of Nigeria, Dangote, Yinka Folawiyo & several others. Yinka Folawiyo has been packaging cement before Eagle cement Port Harcourt when Ibeto cement was not even in existence. Dangote cement, Isiyaku Rabiu & Sons (BUA), Flour Mills (FMN), Folawiyo & some others have facilities & investment in cement packaging bigger than Ibeto cement.

When Obj banned cement importation, it affected all the importers. The IBOs attacked Obj severely using various paid electronic & print media claiming the ban was because of Ibeto cement. Obj is now their favourite because of Atiku.

The ban was in force when Yaradua assumed leadership. After his death, when GEJ assume full leadership, while other companies invested billion of dollars on local production & employed hundreds of thousand of people, GEJ gave Ibeto approval to resume packaging of imported cement in PortHarcourt. Naturally, this stopped immediately PMB assume leadership.

Till date, other companies affected have diversified or invested on local production, but the Ibeto kinsmen will never allow us to rest

this punk has turned this to a tribal thing


Nigerians will never have sense undecided

2 Likes

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Ugosample(m): 11:00pm On Mar 23, 2019
indigene:
The only lesson Aliko will teach me is how to collect loans from the banks., at least 7.5 billion naira without collateral.I have brilliant ideas of my own


7.5b without collateral?

really? undecided
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by madridsta007(m): 11:06pm On Mar 23, 2019
babaolofin:


This is a typical IBO submission. Very parochial , self delusion and highly illogical. The case of Ibeto cement is one of the several cases of Jonathan and Okonjo - Iweala gross mismanagement of our economy and aiding & abetting of their kinsmen to loot Nigeria.

Ibeto does not manufacture Cement but only does packaging of imported cement from its PortHarcourt jetty as at this time. I am not sure if it has started in 2019.

Several companies carry out packaging of imported cement for several years. These companies include Flour Mills of Nigeria, Dangote, Yinka Folawiyo & several others. Yinka Folawiyo has been packaging cement before Eagle cement Port Harcourt when Ibeto cement was not even in existence. Dangote cement, Isiyaku Rabiu & Sons (BUA), Flour Mills (FMN), Folawiyo & some others have facilities & investment in cement packaging bigger than Ibeto cement.

When Obj banned cement importation, it affected all the importers. The IBOs attacked Obj severely using various paid electronic & print media claiming the ban was because of Ibeto cement. Obj is now their favourite because of Atiku.

The ban was in force when Yaradua assumed leadership. After his death, when GEJ assume full leadership, while other companies invested billion of dollars on local production & employed hundreds of thousand of people, GEJ gave Ibeto approval to resume packaging of imported cement in PortHarcourt. Naturally, this stopped immediately PMB assume leadership.

Till date, other companies affected have diversified or invested on local production, but the Ibeto kinsmen will never allow us to rest

Not exactly sure why you are too frightened about this basic truth about businesses staying close to the government in power— and earning from it. Let me give you some examples.

The United States, the mooted greatest democracy on earth is being run by an establishment which are influenced by business men. The Democrats, the DNC have business men who sponsor them privately and publicly, in the pursuit of business contracts and waivers. The Republicans, the RNC, are being sponsored by business men— mostly within the defence sector. Hence the Republicans will never do any policy that will harm the NRA, the National Rifle Association.

It is normal. Why should anyone be worried about this simple truth? On the weekend of the Ethiopian Airlines crash, the CEO of Boeing, Dennis Muilenburg ran to meet Trump in his golf course and put pressure on him not to ban the Boeing 737 Max 8. The pressure worked for some days.

Dangote has been close to the government in power and benefit from them, while they benefit from him. They help him stifle competition around him, grant him favorable exchange rates, etc. This is normal with capitalism and nothing that should make any one worried, really.

3 Likes

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by madridsta007(m): 11:07pm On Mar 23, 2019
Ugosample:


this punk has turned this to a tribal thing


Nigerians will never have sense undecided


I tire.
Nigerians and sense cant be placed in the same sentence. They repel each other.
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by crunchyg: 11:21pm On Mar 23, 2019
letsgoandhave:
Tokunbo AC for sale! (Actually looks new)
Location: Lagos (Iyana Ipaja)
Price : 30k (non negotiable)
Size: 1.5 HP
Call 0-8-0-6-7-4-3-3-5-8-9

Is it split unit or window Ac?
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Nobody: 11:56pm On Mar 23, 2019
madridsta007:


Not exactly sure why you are too frightened about this basic truth about businesses staying close to the government of power— and earning from it. Let me give you some examples.

The United States, the mooted greatest democracy on earth is being run by an establishment which are influenced by business men. The Democrats, the DNC have business men who sponsor them privately and publicly, in the pursuit of business contracts and waivers. The Republicans, the RNC, are being sponsored by business men— mostly within the defence sector. Hence the Republicans will never do any policy that will harm the NRA, the National Rifle Association.

It is normal. Why should anyone be worried about this simple truth? On the weekend of the Ethiopian Airlines crash, the CEO of Boeing, Dennis Muilenburg ran to meet Trump in his golf course and put pressure on him not to ban the Boeing 737 Max 8. The pressure worked for some days.

Dangote has been close to the government in power and benefit from them, while they benefit from him. This is normal and nothing that should make any one worried, really.

Nobody is talking about closeness to the corridor of power not having its benefits. Joseph the Arimathea who collected the body of Jesus for burial was a man of influence and affluence and known by Pilate.In business, you must be close to decision makers at a certain point. Bill Clinton had problems with rich farmers as Arkansas governor, he lost . Years later, he was supported by the same people to return as governor. The farmers must protect their interests and that of the state.

This is quite different from crude & uncivilized posting of cement importation where you have Dangote having port facilities for repackaging larger by far than Ibeto facility in PortHarcourt. BUA, Flour Mills & others have those facilities but supported local production. Lafarge has the largest cement factories in Europe but invested locally in Nigeria instead of importing from any of their factories in Europe to repackage in Nigeria, yet, a Nigerian company and her kinsmen will continue to cry foul over government decision to ban importation. What about other companies affected?
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by wolexter(m): 12:02am On Mar 24, 2019
Nice post. However it's not likely that everyone can attain the status of Dangote even if they stuck to all his rules. What every entrepreneur needs is just to be successful at what they do, and these simple rules added to the ones above can help:

1. Be passionate about what you do- Give it your all
2. Work hard
3. Take marketing of your business seriously- Let people know you for what you do
4. Focus on building customers - The more the customers a business has the more its success
5. Treat each customer as king and render excellent service to keep them locked in
6. Do not stop working hard even when people say you have arrived because success is a continuum and has no stop sign

1 Like

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by rafcrown(m): 12:42am On Mar 24, 2019
6. USE TRUCKS TO DESTROY.
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by neutral2000: 3:04am On Mar 24, 2019
Good one
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by CaptainFM1: 3:47am On Mar 24, 2019
Mobsync:
6. Befriend the government.

Secretly fund elections of all major parties. He wins either way. Then use your new-found closeness to the government to get favors, kill competition and create a monopoly.

That's Dangote in one sentence. Bloody croony capitalist.

Please Google the boldened.


All you mentioned are still business strategy! "In business, you leverage on everything that gives you upper hand". If you have it, you use it. Its basic business principle.
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by usoroakpan(m): 5:27am On Mar 24, 2019
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by madridsta007(m): 5:35am On Mar 24, 2019
babaolofin:


Nobody is talking about closeness to the corridor of power not having its benefits. Joseph the Arimathea who collected the body of Jesus for burial was a man of influence and affluence and known by Pilate.In business, you must be close to decision makers at a certain point. Bill Clinton had problems with rich farmers as Arkansas governor, he lost . Years later, he was supported by the same people to return as governor. The farmers must protect their interests and that of the state.

This is quite different from crude & uncivilized posting of cement importation where you have Dangote having port facilities for repackaging larger by far than Ibeto facility in PortHarcourt. BUA, Flour Mills & others have those facilities but supported local production. Lafarge has the largest cement factories in Europe but invested locally in Nigeria instead of importing from any of their factories in Europe to repackage in Nigeria, yet, a Nigerian company and her kinsmen will continue to cry foul over government decision to ban importation. What about other companies affected?

Lol.

Thankfully, you haven’t refuted the main import of my treatise— that, like Dangote, you need to find a way to be close and friendly to any government in power. Again, it’s an important “normal” for capitalists societies.

The main business lesson that many do not give you. That is the top in the “top 5 lessons”. I think we should be interrogating ourselves and trying to find out how Dangote does it successfully!
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by madridsta007(m): 5:39am On Mar 24, 2019
Mobsync:
6. Befriend the government.

Secretly fund elections of all major parties. He wins either way. Then use your new-found closeness to the government to get favors, kill competition and create a monopoly.

That's Dangote in one sentence. Bloody croony capitalist.

Please Google the boldened.

Thank you very much sir.
This is someone thinking logically. Not like all these emotional reactions to my similar statement. This is Dangote’s KEY strategy.

2 Likes

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Simbrixton(m): 5:42am On Mar 24, 2019
How many competition dangote dey face
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Mobsync(m): 6:43am On Mar 24, 2019
CaptainFM1:



All you mentioned are still business strategy! "In business, you leverage on everything that gives you upper hand". If you have it, you use it. Its basic business principle.

It isn't. Crony capitalism is the bane of middle income economies like Nigeria. It is one of the reasons the middle class is disappearing and our country is in a decline.
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by King44(m): 8:04am On Mar 24, 2019
Offpoint1:
Heard his dad was rich and influential, so that one contributed too.

98% of successful people will never tell you the secret behind their success, that's why I quit reading books and watch porns more.
and do u know he had to borrow money from his uncle for start up, start thinking straight
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by SimonRose(m): 8:36am On Mar 24, 2019
Offpoint1:
Heard his dad was rich and influential, so that one contributed too.

98% of successful people will never tell you the secret behind their success, that's why I quit reading books and watch porns more.

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by letsgoandhave(m): 9:33am On Mar 24, 2019
crunchyg:

Is it split unit or window Ac?

Its split unit
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Alejoas(m): 1:11pm On Mar 24, 2019
wink

Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by CodeTemplar: 2:24pm On Mar 24, 2019
Offpoint1:
Heard his dad was rich and influential, so that one contributed too.

98% of successful people will never tell you the secret behind their success, that's why I quit reading books and watch porns more.
Hmmm...
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Nobody: 10:27pm On Mar 24, 2019
Offpoint1:
Heard his dad was rich and influential, so that one contributed too.

98% of successful people will never tell you the secret behind their success, that's why I quit reading books and watch porns more.

You're certainly kidding. grin

Meanwhile, are you aware that regular reading is required to stay rich?
Re: Top 5 Business Lessons From Aliko Dangote, Africa’s Richest Man by Offpoint1: 10:29pm On Mar 24, 2019
rawfact:

You're certainly kidding. grin
Meanwhile, are you aware that regular reading is required to stay rich?
So is regular porntongue

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