₦airaland Forum

9jaRealist:
Did you even bother to read the post you responded to?

As noted, the behemoth Flour Mills of Nigeria is a deep-pocketed significant rival with its Golden Penny Sugar and just commissioned its latest refinery (one of the biggest in Africa) a few years ago. In addition, BUA Sugar has 2 state-of-the-art sugar refineries, including the only one outside of Lagos, as well as two huge sugar plantations situated in Kwara and Kogi states.

Similarly, as also previously pointed out, there were at least 28 licenses for private refineries granted (going all the way back to the Obasanjo administration) BEFORE a license was granted to the Dangote Group. In fact, Orient Refinery in Anambra State is operational, and thus Dangote cannot be a monopoly even among private operators (discounting government competition).

Nonetheless, you surely cannot blame Dangote for the inertia or incompetence or other inability of other private companies that received private refining licenses and simply sat on it. Except of course that many Nigerians have developed the crabby habit of denigrating and demonizing success while elevating, celebrating and even canonizing failure and incompetence. SMDH

Gbam!!!

9jaRealist:
And in which sector does Dangote not have “rivals”? Well, competitors (real rivalry is a function of personal efforts ).

Is it in cement, where BUA is a huge competitor (and it seems that the people of Ebonyi has finally agreed to allow their own kin Cletus Ibeto to take over Nkalagu Cement and modernize it, after decades of resistance), and where huge deep-pocketed global producers like LaFarge (and previously Holcim and Blue Circle, before both merged into LaFarge), Scancem and Heidelberg have operated in Nigeria since before the 1960s? Or does Dangote Cement lack competitors in the many other African countries where it goes head-to-head against not only multinationals but also local/national companies?

Is it in petroleum refinery, where government (through the NNPC) will be an overbearing competitor with the dubious advantage of being both regulator and competitor, and where there were about 28 licenses issued for private refineries (including the Orient Refinery) going back to the Obasanjo administration BEFORE the Dangote Group was granted its license relatively recently under the Jonathan administration?

Is it in petrochemicals and/or fertilizer, where apart from the government-owned petrochemical complexes at the Warri and Port Harcourt refineries (again where the government enjoys the dubious advantage of regulator/competitor), there is the privatized Indorama Eleme Petrochemicals majority-owned by the deep-pocketed renown multinational Indorama Group, as well as the privatized Notore Fertilizer (formerly NAFCON), which enjoys enjoys free zone status and has deep-pocketed foreign shareholders (such as the IFC’s private equity fund)?

Is it in sugar, where the behemoth Flour Mills subsidiary Golden Penny and the BUA Group are significant players? Or is it in flour milling, where same Flour Mills is by far the leading player in Nigeria, with Oba Otudeko’s Honeywell also a huge competitor? Or is it in rice production, where a late-starting Dangote Group has to compete against a deep-pocketed global player like Olams Group, the Vaswanis’ Stallion Group and several other competitors?

It is unfortunate that Nigeria remains a country where success is often envied and derided while failure and bigotry is often elevated and even celebrated. Success is NOT a zero-sum phenomena, and yours does not depend on someone else’s failure or vice versa!

In Sugar Production it has no rival.... Very soon now, it Refinery will start working, any rival with that

rkennyking:
you see the dumbness I was talking about in play

You must take ya drugs

rkennyking:
if you were God ,you will be so dumb a God

I Know Your Problem, Oya Take

YOU CAN'T USE THAT PASTOR OF A THING DECEIVED XTIANS AGAIN