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

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?

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...

4601CE:

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

NwanyiAwkaetiti:
Big oil? As in red oil or ground nut oil?

mekaboy:


Let dangote write a book that will motivate young entrepreneurs like his fellow billionaires in the west do. Will he tell them to be close to the government in power to succeed in his book?

Legendguru:


dude said it all. without political backinga dangote would have just been like those ordinary business men out there from day one.its hard to make it and stay through in nigeria without getting hands dirty. the monopoly in cement with no solid competitors really help boost his business accross west africa .i hope he doesnt regret the refinery investment

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

john650:
The question is what do the Indian companies know that Nigerian companies don't? If Dangote is selling his flour mill business because it is loss making but Crown Flour mill owned by Olam is profitable, how come Dangote Flour hasn't learnt from Crown Flour?

Some of the reasons Dangote Flour mill gave for its loss making include Apapa gridlock and cross border smuggling. If that is the case, why isn't Crown Flour Mills impacted by the same problem? Also, what is the Nigerian government doing to address the gridlock in Apapa as well as the cross border smuggling? I thought Dangote was rebuilding the roads leading to the port in Apapa? Why hasn't that helped ease his business challenges?

Every Nigerian should be concerned about the sale of a wholly owned Nigerian company to a foreign entity. The income earned by these foreign firms will end up leaving the shores of Nigeria adding to our currency challenges. Also, the flour mill business will become monopolistic in nature, whereby the industry is controlled by two firms leading to higher prices for the consumer.

Nigeria has a new competition law. I feel this would be a good opportunity to review if this sale would be the best thing for consumers and the nation. Every effort should be made to help the company avoid being sold to a foreign firm. The government should rise up to its responsibilities and fix the infrastructural challenges, assuming that is the real problem that is making our companies fail while the foreign firms are succeeding.

Realtord43:
wow, mayb i should buy these one.

Njeps:


I am telling you.
This one China is building electric (tesla) cars.
I know some will say, when will it flood Nigeria,.

But just see how China will subsidize to push high volume sales,
or how electric tokunbo cars will flood the country, (only then will u realize that China and Japan have been using Tesla cars for over 20 years) while we think its just 2 - 5 years ago

emmanuelpopson:


... the Nigerian youths shd stand up and chart a pathway for this country to sustain itself..

Twy:

You have to leave us Nigerians, we cannot divest emotional or personal issues from speaking. First folly was the idea that the flour mill is loosing money, it is not as at early last year. It may have sustained a lower profit than the year before. But it does not look like it was loosing money. Second dangote seems to have left the sugar , salt and flour business to others to manage. It actually makes sense if you do not trust nigerians to manage it to sell it. He is highly diversified with the lekki project. The lekki project and cement seems to be what he actively or seems to actively manage. Ppl do not know that after a while a lot of successful businessmen in that country leave day to day running of the firm to executives while they handle social, political or economic relations.

Mentorme:
How is that possible or is he selling his share?
I thought, that flour mill is on stock market ?
If yes!
What happened to other people's share?
Does it mean that other share holders will be forced to sell also?

RexTramadol1:





You no read am say a Nigerian firm Olam don agree to buy am bah?

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".

NwanyiAwkaetiti:
Olam?

4601CE:

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

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......

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......

poseidon12:


Olam is Asian company, probably India.

poseidon12:

The report said the business is losing money.

MrMcJay:

You forgot his tomato venture. It failed woefully.

Kfed4ril:

You forgot tomatoes paste.

john650:
The question is what do the Indian companies know that Nigerian companies don't? If Dangote is selling his flour mill business because it is loss making but Crown Flour mill owned by Olam is profitable, how come Dangote Flour hasn't learnt from Crown Flour?

Some of the reasons Dangote Flour mill gave for its loss making include cross border smuggling. If that is the case, why isn't Crown Flour Mills impacted by the same problem? Also, what is the Nigerian government doing to address the cross border smuggling?

Every Nigerian should be concerned about the sale of a wholly owned Nigerian company to a foreign entity. Also, the flour mill business will become monopolistic in nature, where the industry is controlled by two firms leading to higher prices for the consumer.

Bruno3000:
haba... no reduction? how much be last price?

Legendguru:

dude said it all. without political backinga dangote would have just been like those ordinary business men out there from day one.its hard to make it and stay through in nigeria without getting hands dirty. the monopoly in cement with no solid competitors really help boost his business accross west africa .i hope he doesnt regret the refinery investment