Rockyheight:
And to think Dangote is already calling on the Governnent to restrict importation of fuel to only people with refining licence.The sad reality is that he will get it . And am so sure that he will buy crude in Naira and sell to Nigerians in dollars. He is very unscrupulous. I have always thought that Dangote has nothing to teach the youth when it comes to business. Any fool will succeed when they get the kind of waivers privileges, and patronage he gets from government.

dahmie2013:
The challenge is government has not been good at doing business. So we have no choice than to be at the mercy of these entrepreneurs.

dahmie2013:
The challenge is government has not been good at doing business. So we have no choice than to be at the mercy of these entrepreneurs.

StepTwo:


Dangote is a business man, teaching us all how to do business, taking advantage of politics and your government to your favor. All the blame should go to the government that enables this kind of environment that favors only a few to the detriment of millions.

Moneyboyz:
You'all shouldn't be surprised when the zombie in ask rock grants Dangote monopolistic request, after all they are kinsmen. E go soon clear for our eyes.

kirajustice:
TAYO IRANTIOLA, Lagos


https://politicsnigeria.com/backward-integration-in-sugar-cement-and-now-petroleum-who-are-the-real-beneficiaries/

Tayo Irantiola writes from Lagos Nigeria...

Kubernetes:
Its take courage and determination to risk your funds in business

tiredoflife:


Surely there is always that foolish fool

Draslo:
Na their way. Billionaire business men. Worldwide na so them be. Dem sabi hold their respective governments for blokos.


They want to paint an innocent picture but we can see through it. We can see the truth.

SimplyFacts:
This post reminds me of the great once upon a time Sugar Industry in Kwara State . I learnt that the industry began to experience setback (till it became extinct) when a Nigerian was made the GM.

Corruption is deeply rooted in Naija




@picture,,,, the truth is glaring

COMPAQ:


Benefits to the economy goes beyond the price of the final product. There are jobs created - direct and indirect, economic activity created, technollogy transfered, taxes paid etc

Also there are many factors that contribute to the factors of production and ultimately cost of a product. Nigerias inefficient economy doesn't help. There was a report recently that it costs $1000 to transport a container from China to Lagos, but to deliver same container from Apapa port to Ikeja ,transporters were charging N150k due to difficulty to move at the ports.

Agreed that the policies could be implemented better and it seems like the same names come up - Dangote,BUA etc, but they seem to be the only ones willing to take the risk and there are also benefits to the economy as I explained above.

Most Nigerian rich men like easier money. They prefer trading to manufacturing. Import for N50k, sell for N100k and no value added.

I can't take the risk they do, doing such huge business in Nigeria where everything is working against you, so if they also make huge profits for their risk, why should I complain.

SyrusdeHansome:
All I know is that no matter how he tries to defraud Nigerians he can never be ranked among 70 richest men in de world. Money that won't follow him to the grave.

Realdeals:
All these are happening because we have citizens with entitlement mentality. Everything must be provided for them.
* Jobs
* Food
* Shelter
* Clothing

Just mentioned it, the government and others owes them, even when they does nothing.

tobechi74:
You cannot improve the quality of lives of poor by killing the rich

You do not promote local content by banning foreign content

You do not encourage export by banning import

OnlyDeCapPlease:


Haven't you noticed that the richest men in the world are people that came up with innovative ways of doing things. Look at Amazon, Tessla and Microsoft. They did not come into an existing market, stifle the opposition and become a monopoly. There's only so far you can go doing that. Having said that I must say that I don't blame anyone for doing that. Even Americans and Europeans will do the same (and have done so in the past) if given the opportunity. Its the job of government, regulators and law makers to checkmate such activities.

COMPAQ:


Amazon and Microsoft are constantly being looked at as monopolies. Did you not see the Senate hearings a few months ago when Amazon, Apple, Google, Facebook and Microsoft were grilled by US senate for like 2 days over anti competitive and monopolistic practices??

lexy2014:


So u mean I to wasn't willing to take d risk? Is "everything working against" dangote and co mentioned in d story?

Taxes paid? Are u aware that dangote barely pays taxes as a result of being a beneficiary of some of d policies mentioned in d article?

What exactly are d benefits to d economy that u are touting?

tutudesz:

OBJ was the one who gave Dangote cement Monopoly and not Buhari

COMPAQ:


Amazon and Microsoft are constantly being looked at as monopolies. Did you not see the Senate hearings a few months ago when Amazon, Apple, Google, Facebook and Microsoft were grilled by US senate for like 2 days over anti competitive and monopolistic practices??

festacman:
Every government policy like Backward Intergration Programme (BIP) is supposed to have a document stating its SMART objectives, implementation guidelines, periodic review of journey so far, etc. If the government agency or NASS committee that is supposed to oversee and regulate BIP implementation decides to be inactive, beneficiary firms won't meet with their commitments as expected. Here the executive and parliament are both to be blamed for their failings.

COMPAQ:


Dangote barely pays corporate tax agreed. Neither does Trump or most Billionaires abroad. However Dangote pays other indirect taxes. Staff he employs pay PAYEE. Jobs are created in ancillary support businesses that support his main business. Contractors etc And those ones will pay tax. Dangote refinery alone is changing the real estate landscape of Lekki axis and making land owners in that axis millionaires. Those in the surrounding villages of Dangote refinery would otherwise have gone to the grave with their valueless land.

Benefits abound via multiier effects to the economy, but we are all fixated on Dangote himself.

lexy2014:


So u mean I to wasn't willing to take d risk? Is "everything working against" dangote and co mentioned in d story?

Taxes paid? Are u aware that dangote barely pays taxes as a result of being a beneficiary of some of d policies mentioned in d article?

What exactly are d benefits to d economy that u are touting?

COMPAQ:
South Korean economy is dominated by Samsung, Hyundai/Kia.

Those companies control almost 60% of Korean economy.

It has its pros, but also its cons. Wouldni like our economy to more diversified away from Dangote and BuA? Yes I would, but other people have to come forward. It won't happen if all the rich men just sit in Banana Island in their mansions.

I keep saying Nigerians like easy business. Banking and Oil and Gas where little technical skill is required. Have you spoken to some bank marketers? Totally daft. Can't even tell a good story of why you should bring your money to their bank. Thats why they send sexy women most times. Elumelu recently bought an oil block from Shell. Why hasn't he done something more intellectually demanding like a refinery or petrochemical complex. Cos drilling and selling oil, while it also has its own technical demands, is relatively easy money.

charli5:


You guys just come to platform with no knowledge.
Who told u dangote doesn’t pay tax?
Is government stopping anyone from building refinery, owning a sugar or cement factory?
Are people not still importing cement?

We all just see the goodies. There are so many bad sides to top business men we don’t hear. They also make crazy losses. Dangote flourmill for an example has been making loss for over 8 years. He just sold his flour mill last 2 years ago. Where is Dansa drink, dangote tomato paste etc...

If you have your money go and invest no one is stopping you. You guys should get that fact right

Nettybrown:
Is Nigeria now running an Oligarchy form of government now?

Patrioticman007:


These olodo's won't read had Dangote been an Igbo Guy, they won't have let us hear word.

What of the monopolistic acts of Igbo's in drugs dealing, fake vehicle spare part & imitations ?, Let's call spade a spade millions of Nigerians are killed because some unscrupulous elements choose to sell & import fake drugs in to the country, the people are from one particular tribe. The Northerners sells fresh farm produce & meat to them, while they send tramadol, codiene, hard & fake drugs up North as thank you.

lexy2014:


In my post, I asked questions. Five of them in all. With all d knowledge u have, I don't see d answers to any of d questions in anything u just typed above. I don't see any facts that sheds light on any of d questions I asked