cr7lomo:


U said it all...how can the richest man in Africa not have a thriving business outside Nigeria

Look at shop rite , multi choice, mtn....these are south African businesses thriving outside south Africa, that's hw u know a good business man... Dangote just de use Nigeria make real money due to the monopolistic nature of government help...

Lol. So all the other cement factory he has in about 14 African countries is what?

ahiboilandgas:
which enterprise u don create loss or profit making or sme or u still dey write jamb

must you display your stupidity?

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

dont mind those ones who don't know anything, they don't know dangote is only enjoying his romance with d ruling class through monopoly. what angers me d most is the damage done by his truck on daily basis. killing people n all sorts n nobody is suing him,i guess it's all cos of d name? some people will say he wants to venture into biz overseas, let's see if they will cripple their economy to let him grow or his truck will wreck havoc n he won't pay damages

NwanyiAwkaetiti:
Olam?

Yes Olam International




Rockefeller can start chasing Mckenzie's sales

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

My brother e go better for u
Just like abiola
This man has nothing in his head
Na government dey sustain am
Make e build him refinery finish na
We dey wait
Lass lass he go pack up
Useless man
Na so e lie for transcorp
I rush buy 68,000units for 500k plus
I no see one profit
Till I sell at N1:50
Something I buy for N7:50
Scammer oshi

NOC1:


you lied bro, he started without political backing, before he came the likes of Ibru was in charge, other people like Eleganza and co was there. He sustained his bussines for him to be where he is today.
there is no successful bussines man (billionaire) without some dirty deals undertone.
Government in all countries ignore them because of the ripple effect on their economy if they go after them without a defined backup plan. All counties play a pivotal role in sustaining thier successful bussines men.

Govt crippled Ibeto's booming cement business only to monopolize Dangote, plus top politicians laundering money, hiding it in his business all these gave rise to his wealth

prince3009:
He should also sell his Noodles and Pasta manufacturing plant. His Noodles and Pasta taste like sh*t!

Dangote Flour already sold the noodle operation to Dufil Prima, makers of Indomie.

I think there are agreements in place as part of the sale such that the Dangote Noodles brand continues for some time

https://nairametrics.com/2017/11/15/dufil-prima-acquires-dangote-noodles-production-line-in-deal-valued-at-n3-7-billion/

Interesting..

cr7lomo:


U said it all...how can the richest man in Africa not have a thriving business outside Nigeria

Look at shop rite , multi choice, mtn....these are south African businesses thriving outside south Africa, that's hw u know a good business man... Dangote just de use Nigeria make real money due to the monopolistic nature of government help...

YOU guys have got issues sha, he does have cement manufacturing in East Africa. + there is NO rule that says a successful business man needs to be global

jaems:
This is the best time to get his refinery working. I am not sure of which administration gave him the operating license anyway. It is going to shut down a lot of fraudulent importation business and probably drop the price of fuel. It will still be a monopoly nonetheless.

According to H.E Emir Sanusi, the problem of Nigeria is the issue of vested interest. Successive governments have intentionally destroyed the government's capacity just to enrich individuals.

What will it cost the government to set up multiple refineries?
Why does government award contract to private firms instead of equipping the ministries?

Dangote is only enjoying a tradition that has come to stay. Can we ask him not to take advantage of what is on ground? No! Anyone would. So, divesting from a business that does not give him the benefits of monopoly isn't a bad idea after all.

Why should govt build and own refinery?
If I become president today, I will sell off our refineries and even nnpc.

What govt need to do is created the enabling environment required for the private sector to own refineries and many other things

Sorry you forgot his tomato plant

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

No matter how smart you’re in all business fear competition...

Money wey my guy wan use buy one British Club?

ADMAF:

You just opened my eyes to an entirely new perpective, I must admit. However, he still deserves plaudits for building his company to the extent that it can negotiate monopoly with government. Heard the man started as a retailer....

Don't get me wrong, I am not in any way belittling or undermining his achievements in any way, I am simply saying he thrives in a monopolistic environment but a 'seasoned entrepreneur" must also be able to thrive in a competitive environment.

Campaign4truth:


Dangote is simply diversifying his business portfolio. The flour business must still be profitable to attract any investor at all. However it appears a lot is going into the Refinery and Tomato business, so it would make sense to let go of the weaker business to fund the "cash cow".

Cash cow is a business that is generating guaranteed returns. Neither his tomato business which he shut down for long periods or his refinery which is not working yet is a cash cow

mknigeriagreat:


You and the guy you quoted are both right. But as regards your last statement he cn never regret the refinery project because he has even started enjoying the monopoly already. The only bold entity that can build a refinery in Nigeria is the government and they are shying away from it. IOCs won't try it because of the security level within the country. Theirs is to just drill oil and ship it out.

that refinery will break him.
d flour mill was owned by a south African company, Target, I think.
they used him as a front and made him chairman.
they removed him and gave his daughter director.
they later dumped it. I'm sure he was gloating when he bought it off them for small change.
…
by 2040 most western nations would have stopped producing fossil fuel engines.
once Iran and US ramp up production, prices will crash.
so year on year, world consumption is dropping.
Nigeria currently has 2-3 oil tankers on d high seas, without any buyers for our crude.
meanwhile, our present (high) consumption is actually based on smuggling and less than 5% required power generation.
imagine Nigeria with adequate, 24/7 power supply!
who will u sell petrol and diesel to?

Aiyk2333:

Govt crippled Ibeto's booming cement business only to monopolize Dangote, plus top politicians laundering money, hiding it in his business all these gave rise to his wealth

did he (Ibeto) tell you how he grew to that level, did he mention what went wrong among them. Bussines deals don't know religion and tribe when you can play the ball as dictacted by the referees.

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

you mr seasoned entrapreunre what have you done with your life ?

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

You forgot his tomato venture. It failed woefully.

cr7lomo:


U said it all...how can the richest man in Africa not have a thriving business outside Nigeria

Look at shop rite , multi choice, mtn....these are south African businesses thriving outside south Africa, that's hw u know a good business man... Dangote just de use Nigeria make real money due to the monopolistic nature of government help...

he has investments outside, you are less informed, even his cement companies in other nation like Ghana sell cement cheaper than Nigeria... browse dangote investment in Africa,

Read about his monopolistic business exploitation of nigerian assets @ https://www.amazon.com/Nigeria-Sale-50-Discount-Monopolistic/dp/1432791915

cr7lomo:


U said it all...how can the richest man in Africa not have a thriving business outside Nigeria

Look at shop rite , multi choice, mtn....these are south African businesses thriving outside south Africa, that's hw u know a good business man... Dangote just de use Nigeria make real money due to the monopolistic nature of government help...

dagote is in 17 countries. Pls get your facts right.

... and fellow timid minds will just be liking the ill-informed comment

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

This is blasphemy

this olam international is just buying down companies belonging to Nigerians, bought BUA flour and pasta, now Dangote, who know maybe Honeywell flour mills is next

soberdrunk:
When we tell them Dangote is not a "seasoned" entrepreneur, they will say it's "bad belle", "jealousy", they will say "what do you have", "are you rich" but isn't it becoming very obvious that all the sectors of of his business where he doesn't have "government induced monopolistic power" keeps packing up. First it was juice, then noodles, now flour......

Continue spewing trash.
Which useless monopoly?
Is Dangote the only Cement in Nigeria ?
The way you igbos think baffles me Mehn!!

I don't use his product and he's not my role model

No wonder I have not seen his flour truck crushing people upandan.

debaj10:
that refinery will break him.
d flour mill was owned by a south African company, Target, I think.
they used him as a front and made him chairman.
they removed him and gave his daughter director.
they later dumped it. I'm sure he was gloating when he bought it off them for small change.
…
by 2040 most western nations would have stopped producing fossil fuel engines.
once Iran and US ramp up production, prices will crash.
so year on year, world consumption is dropping.
Nigeria currently has 2-3 oil tankers on d high seas, without any buyers for our crude.
meanwhile, our present (high) consumption is actually based on smuggling and less than 5% required power generation.
imagine Nigeria with adequate, 24/7 power supply!
who will u sell petrol and diesel to?

you guys actually sound jealous, smh pull him down mentality, GEJ denied Dangote license to build a refinery yet he won’t build or fix the dead refineries to standard instead preferring paying huge sums for subsidy, now an Aboki gave his fellow aboki license to build a refinery, you’re shouting monopoly, monopoly monopoly smh.

MrMcJay:


You forgot his tomato venture. It failed woefully.

He is resuscitating the enterprise. Besides, the government intends banning the importation of tomato paste sometime next year.

debaj10:
that refinery will break him.
d flour mill was owned by a south African company, Target, I think.
they used him as a front and made him chairman.
they removed him and gave his daughter director.
they later dumped it. I'm sure he was gloating when he bought it off them for small change.
…
by 2040 most western nations would have stopped producing fossil fuel engines.
once Iran and US ramp up production, prices will crash.
so year on year, world consumption is dropping.
Nigeria currently has 2-3 oil tankers on d high seas, without any buyers for our crude.
meanwhile, our present (high) consumption is actually based on smuggling and less than 5% required power generation.
imagine Nigeria with adequate, 24/7 power supply!
who will u sell petrol and diesel to?

There's lot to refining crude oil than just petrol and diesel. Moreover, with Africa's population set to balloon ditto the increment of the consumer class coupled with the weak infrastructure for electric vehicles, then he's in the right continent and at the right time.

Additionally, I don't know who lied to you, but Nigeria will not experience 24-hours electricity anytime soon. Not now, not in the next 100 years.

@Topic: Lots of ignoramuses. They don't know that divesting is as important as diversifying or reinvesting. There's more money in the dairy sector where Alhaji plans investing than flour ditto more money in petrol chemicals than pasta. Just as a tree shed away old leaves to bring forth new leaves, Dangote is shedding away smaller businesses to introduce bigger ones.

Simple economics.

ahiboilandgas:
which enterprise u don create loss or profit making or sme or u still dey write jamb

Just imagine you have monopoly of a certain product
You are going to sell and you can increase price anytime.
What the dude was trying to say is that dangote can't handle market competition.
He always wants to control price if he can't, he tries to buy other competitors and if he can't he folds.

4601CE:

Continue spewing trash.
Which useless monopoly?
Is Dangote the only Cement in Nigeria ?
The way you igbos think baffles me Mehn!!

Dunce! Must you bring Igbo into it you dimwitted imbecillic dwarf