₦airaland Forum

All hail the King in the North!!!

junnyjake:
Forgotten Onuachu??

We seem to have forgotten Onuachu.

Is his style not similar to Tammy?

nextstep:
His profit margins are not out of line with other companies (foreign and Nigerian) that operate within Nigeria. This is directly due to the many adversities that businesses face within this country. Don't forget that, if the operations were funded by a Nigerian bank, out of a 40% margin, 20% or more is often paid back to the bank. The terms are not much better with foreign banks unless you have a history with them.

Arguably this burden eventually falls on the people in terms of high costs of materials. Note that if a foreign company (or another Nigerian one) were to enter the market, the prices would stay largely the same. And for the most part, Dangote's profits are then funneled into building other industries across Africa, not into coffers overseas.

The solution, at this stage is for government to make it easier for businesses in Nigeria by providing infrastructure and reducing the cost of business - reducing interest rates, tackling inflation, and so many other things.

The high profit margin is after tax and other expenses are made.

xjiggy:
Are the US companies paying excessive interest on loans? [/b]Are the US companies using Generators to power their plants? Are the policies Dangote is profiting from not for all indigenous people of this country?[b] While others are seeking license to import petroleum products, Dangote is building a refinery. His refinery will provide jobs for Nigerians and help curb importation. We buy chocolate at exorbitant prices even when we know the foreign companies buy cocoa at relatively low prices from us. Have u ever complained about that? Dangote cement bag is the fullest and comes relatively cheaper. If others are investing their stolen money in the Nigerian market, I guess the unemployment rate will be lower than what we've got now. Dangote Is a legit business owner taking full advantage of all available opportunities open to him. Leave him ALONE

That's what that article is telling us that even though he's excessive interests on loans, he's margin is above 40%. While the norm elsewhere is 17%

Though he's generating his own power with gas and imported coal, he's margin is above 40%. While the norm elsewhere is 17%.

And if it's for the Indigenous people of Nigeria, Why can his margin be 17% like other cement manufacturers? Why is he exploiting his beloved people by making sure his margins are above 40%.

And he's taxed just 1%.

Like I said wait till his refinery is ready, that's when most of our eyes go open.

Okwute001:
dude, what matters is that Dangote is a son of the soil. And as such, we should fully support him. Would you rather a foreigner controls our economy.. look at what South African companies are doing with mtn and dstv.. my prayer is that people like you; wake up..do you know why The USA is able to sanction countries? Part of it is because they have the biggest companies in the world.. why do you think that china makes laws that will keep their indigenous companies on top..be wise my brother..if Dangote is a Nigerian, he has my 100% surpport. Period!! I do not give a shit what part of Nigeria he comes from..!!! Coming from an Igbo man!!!!

You don't even get my point.

Are the US and China big companies making enormous profit at the expense of their citizens?

For God's sake there are anti monopoly laws in developed economies that protect citizens from exploitation.

Please read the full article https://qz.com/1098137/africas-richest-man-has-a-built-in-advantage-with-nigerias-government/

"[/b]A Bloomberg Intelligence report showed average global cement profit (EBITDA) margins were 17.2% in 2015, but Dangote Cement reported a margin of 42.3% in the same year[b]".

I got this from the original post. Can you see Dangote's margin? That ďude is a vampire.

Have we asked ourselves why Dangote cement hasn't been so successful elsewhere apart from Nigeria?

Dangote will finish his refinery, FG will reduce fuel importation and we'll be lucky to buy a litre of fuel 350 naira.

Blue3k:
If you gave good wifI. Then download kodi app

Okay. .. thanks

Abagworo:
Ohuabunwa building this in Cross River instead of his native Abia State like Uche Ogah. Well It's closer home than North or Lagos.

Is he related to the Senator ?

Eyanmukaila:
2019 will determine whether this country is finally dead or be changed for good forever. i hope we the youths are ready to unseat these recycled poliThifians since independence.

Replace them with who?

Icon4s:
Nonsense.

Just like how he has also failed to leave up to expectations in his career.

Success was not yet in camp with the 2013 Eaglets when Etim Esin and my humble self gave them lectures on the negative effects of living a wreckless life as a footballer. Etim himself and Okoronwanta were the two major case studies.

Well, thank God we are seeing the positive results in the lives of likes of Ndidi, Iheanacho, Awoniyi, Nwakali bothers, Yahaya and co.

Success has missed it. Its a shame.

While other youngsters like Iheanaco, Iwobi, Simon, Ndidi, Etebo, Aina, Shehu are ready to take Nigeria and their careers to the next level. This one is just destroying his future.

Chai Isaac the beast Success. *Shake my head*.

Mine is he should be very far from our England based players biko before he infects them with his lifestyle.

I also think senior players like Mikel should step in and advise before it's too late. I bèlieve he's not a lost cause yet.

Dedebanky85:
Now I know that National team pressure is totally different from Club pressure. If I lie ask Messi and Ronaldo. National pressure comes with emotional stress Messi was heavily under stress against Peru and Ronaldo and his team mates almost wanted to faint to day against Andorra. There's nothing as sweet as playing for pride. I could tell that most of those Nigerian players today were under immense pressure. Most have not played a game of this pressure. Forget the fact they play in Europe or wherever, but playing for your country in a must win game is a very different feeling. Kudos to those players and Mikel for guiding them.

I agree with you. I guess that was why Balogun was almost crying after the game.

I'm not understanding again. God help us.

Some one on Twitter said that Amazon Firestick is better than TSTV. Prior to that I've never heard of Firestick.

Can the Firestick work in Nigeria?

tsdarkside:
look...the rest of africa is screwed anyways...lets be honest....arabs up north are defeated...they are no danger to the whites no more,they are already assimilated...they think they will turn europe to islam by yanshing white females...dilusional..they dont understand how cunning lucifer is...

the rest of black africa is a joke..they are a walk over for whites...

[/b]the best we nigerians can do is to stay neutral...stop trying to save the entire black race...save yourselves[b]....

Simple!!! We must stay neutral and save ourselves.

We must save ourselves by becoming a nation of Peace, Equity, Equality and Justice. But it seems like it's easy for the camel to pass thru the eye of a needle than for all these I listed to come to pass in this nation.

We must save ourselves by making Education and Healthcare cheap and accessible to all Nigerians. Making sure all Nigerians have access to clean water, clean environment, good roads, etc. However, it's rocket science for us to achieve and the worst is that rocket science is now easy in developed world.

For now we are a hopeless divided nation. We are on life support and shouldn't bother with what is happening in our neighbours compound.

ProWalker:
A truly genuine map of igboland ( Biafra) will be a landlocked country surrounded by not so friendly neighbors.
[/b]Ibos are the greatest beneficiaries of Nigeria[b], but that common sense is lost on them once they encounter little challenge in Nigeria politics

A great lie from the deepest part of hell.

@Op, I agree with Agbakoba here especially as it concerns Biafra not being economically viable.

For those of you who think Buhari will be defeated in 2019, you are criminally naive.

His brother is the INEC Chairman and all security agencies are headed by his brothers. Buhari is not GEJ, he and his cabal are battle ready for 2019.

And yes Buhari is correct, we need God's intervention now more than ever.

I don't believe this movie is 1992. There must be a mistake some where.

When was Living in Bondage made

Since I began my adult life journey, I've never seen an active Ohaneze Leader like Nnia Nwodo. I may be wrong though but I think he's the best we've had or I've seen.

However, Ohaneze should establish a radio station not just to challenge IPOB Ideology but to educate our people from Restructuring, voter education to businesses. Yes businesses because e-commerce and malls are now threats to the traditional way we do business.

Ohaneze should also think about social media presence.

AnodaIT:
That's what happens when you put the cart before the horse

Instead of for government to invest in the capacity of their people intellectually in education, they are sharing money and building super structures to be managed by foreigners

This is a state where basic government functions are run by consultants from Lagos because the state Civil Servants are not considered competent enough.

Education is in shambles as one teacher teaches over 80 students in public schools and in dilapidated buildings.

The Toothpick factory newly commissioned is almost shutting down due to lack of capacity

[/b]Le Meridian Hotel foreign managers left 3 months ago citing debts as government officials use complimentary cards to check in, accruing over N650m debt for government[b]

Same thing happened few years ago in Enugu State under Sullivan Chime.

Protea managers left Nike Lake Resort Hotel because of State govts debt.

londoner:
People are remitting to their families to make up the shortfall of an ineffective government and lack of functioning systems. They are not remitting to the government so they can't decide how the money is used. It is the diaspora that can create something outside of Nigeria to direct their money to specific projects within Nigeria in a way they see fit.

They are not funding the government that's what Nigerian taxpayers should be doing.

I believe there's a bill for private funding for infrastructures before the NASS. Now if passed and signed by the Executive, it means that Private companies can now invest in the construction of roads, rails, seaports, underground tunnels/highways, etc.

The companies can raise funding by appealing to Nigerians in Diaspora to invest in these projects and recoup their investments.

brainpulse:
You won't see those PDP, IPOBs and bistros goats here where there's is good news and accountability on Nigeria.

So you mean that remittances increasing is because of APC?

@Op, Nigerians in Diaspora can help finance a huge part of our infrastructures. I believe with the right laws to protect their investments, remittances can be used to finance road constructions (with toll gates ofcourse).

These people are soo predictable

mgbadike81:
her case in the UK have been stalled without progress and even if she's convicted, she would get just a few years like ibori besides it's her legal right to be joined in the case against her in a Nigerian court. [/b]you can't try someone in absentia and call it Justice[b].

In the words of Late Abiola, "You can't shave my head in my absence".

naijaboy756:
who is Onatisi?

Onatisi is Nostrademus. The man who saw tomorrow.

I just saw this news on twitter and I rushed here thinking it must have made front page

Are the Mods sleeping

Kashif:
You have fixed this?

Well a gear mechanic looked at it and told me to go buy a new gear box . It's a 13 pin gear and I'm told it's quite expensive.

I'll go to Ladipo when I'm back cos I'm not in town now.

Thanks

Adebola02:
I'll strongly advise him to rebrand his business

That will go a long way in promoting his business

Apart from re branding, he can go to Universities or Fabricators/technicians and ask them about the possibility of tapping the palm wine with a machine or Instrument. I believe Inventors in Nigeria can do it

If white people drink palm wine, I'm sure they must've found easier and more efficient ways of tapping the wine with machines.

Goke7:
Politicians make a lot of mega bucks from road construction, there are budgets for all Federal roads every year but they will never be done as the funds will be embezzled, now if you concession all the federal roads to private firms where will the politicians see money to steal to recoup from their expenses during their election campaign? This is the issue, reason why there will always be stiff resistance to refineries and airports privatization. We are really in a big mess bruv

SPOT ON!!!

989900:
1. Concession all commercially viable federal roads to private companies for rehabilitation and construction of new ones.

2. Let them roads be maintained and funded by toll fees.

3. Make provision for private citizens to be able to buy 'limited shares' in these companies.

4. Let ministry of works perform only oversight duties on these roads to make sure they are always in top shape.

5. Let the ministry concentrate funds on improving our state and local roads:
A. $20b is too little to fund adequate Infrastructure for 200 million people when a country like Qatar with 2.5 m population runs a $55b budget, or South Africa 55m population with $90b budget.

B. The local and state governments fly below the radar 'chopping' monies meant for these projects.

C. We spend more time on these inner roads damaging our cars and wasting time.

D. Them federal highways deathtraps can now become highways with lower avoidable incidents -- of course you get what you pay for.

Personally, I won't want to pay for a Range Rover only to be given a Toyota Yaris.

I don't know why simple things like this are soooo difficult for our politicians. For God's sake under this same Fashola, a private company built a world class road and put toll gates on it to recoup their funds. Why is it so difficult to do same at Federal level.

kingphilip:
I think the government should go by this because i don't know how the toll fare is going to be collected and returned into the government account without some individuals getting a huge cut out of it and giving just remitting just peanuts to the government

But with the 1naira per liter billing, there's a way the government can enforce it by actually collecting the money before it is lifted by the petrol tankers and the filling stations recoup it back by adding a naira to the present pump price

It's really gonna tell on the masses though.. The government should only implement it only if there's no other alternatives

Exactly!!!

Toll gates were given to politicians. Example under Obj (before he disbanded it)The toll gate in Ninth mile Enugu was being managed by the Minister from Enugu State.

Politicians will hijack this process. Even if we're taxed 1 naira per litre, politicians and civil servants will still eat the money.

I believe the best thing is for a law to be passed encouraging Reputable Private individuals and companies with access to funds to build roads and put toll gates on them. The companies will still pay tax to the FG, a win - win situation.

Waziri Adamawa has my vote.

tobiasbeecher:
The level of stupidity in this forum is a mind boggling! Look at how people are foolishly linking Ipob to this as if Ipob will foolishly use nigeria port to import illegal guns. With all the porous borders and waterways in Nigeria, Ipob will decide to use offiical route to Import guns Chai, what are people smoking in this forum that make them so dumb? Who even import pump action guns for war purposes? I guess Boko Haram, Niger delta militants also got their weapons by importing it from Lagos? Dumb people everywhere.

They know what they're doing.

They are selling a narrative here and gullible nairalanders will buy it.

Jimi Disu is also insinuating that the seized rifles belongs to IPOB, deceiving gullible Nigerians. They are seriously trying to convince the world that IPOB is an armed terrorist group to justify what happened in Aba.

It's a propaganda war.