chiwuike20:


It pains me to the bones of course. Why? Because small and medium sized businesses are taxed to the bones. These businesses (SMEs)are popular for creating employment and revenue. Yet, these businesses which employs less than a quarter of what is obtainable with the aforementioned types of business forms, are given all forms of concession running into billions of naira. This is daylight fraud and robbery on the citizenry. Foreigners are also granted impossible concessions if they would invest in the EPZ - which is another blanket term for saying the North - and for investing in foreign currencies into the country.

Let me summarize, foreigners and the likes of Dangote cannot never experience loss in business. If they do, there are many concessions enough to absorb it. For the average man wishing to start and develop a business, the indices are not favorable. There is 70-30% chance that he will not succeed. It takes ingenuity and immense hard work to break even for small businesses. Nigeria cannot be better, let alone be great under an unfair system.

What you fail to understand is that the economy needs big conglomerates like Dangote and Co to survive.

We are in an ecosystem and in this ecosystem, everyone has to fit in and play their roles. Think of this as a pyramid where Dangote is at the top of the food chain and he has other SMEs that depend on him and vice versa in a symbiotic manner.

There are small businesses today employing tons of people that won't be able to exist without Dangote and Co.

The thriving real estate sector around lekki-epe is because of the refinery he is building there. Is it the sub distributors on his Dangote Cement Distribution Scheme you want to talk about or same for his FMCG business all of which employ thousands of people both directly and indirectly? Or the construction company employing people all over the country? Is it the back ward integration and back to farm program he is currently sponsoring in the North to encourage farmers to return to their farms despite the security situation that you want me to talk about? Or the fact that he has set up a scheme where off takers are guaranted for farm produce thereby encouraging farmers to produce and also providing seedlings for same? All of which will help reduce the food crisis we currently face?

Or you think he does not grapple with the same issues every business faces in Nigeria?

So in your mind, destroying his business is the only recipe that will guarantee success for small business that don't even play same space with him. Anybody can invest in the EPZ and Free Trade zones, it is not the exclusive right of foreigners. Albeit the foreigners have seen the long term benefits of investing in these locations and they are capitalising on it. Nigerians with our get rich quick mentality and short term mindset haven't seen same.

You see the problem with Nigerians is that of ethnic, tribal and religious bigotry. And to challenge your claim, small business are not taxed to the bones, infact, Nigeria has the lowest tax collection regime in the world compared to the number of SMEs in circulation. You people just rant without any substance to back it up.

Despite the so called government concession that is giving ya'll a hard on, Dangote still paid about 35billion naira in taxes to government in 2019 across all his businesses. Even now FIRS has created a tax exempt policy for businesses with less than 25m annual turnover and I know most people look for ways to avoid paying taxes by doing business in their personal names.

Finally Nigeria is a capitalist system and capitalism is first and foremost about profit. If you want to operate in a socialist economy, please relocate to China or North Korea.

Ya'll want to enjoy the benefits of capitalism on socio economic policies. What kind of catch 22 situation is that?

God bless Dangote
God bless Nigeria

Dangote is the reason the food vendor across the road with very bad attitude and who sells food in an unhygienic environment is not making sales

Dangote is the reason why the online retailer who sells wigs and hair attachment, who is very nasty on the phone and does not reply DM or WhatsApp enquiries isn't making sales.

He is also the same reason why the shady electrician/mechanic/plumber/site engineer isnt getting more jobs

He is the reason why the shady importer who brings in sub standard drugs thereby endangering the lives of Nigeria has been caught and his business closed down


He is the reason why Nigerians import expired foreign rice into the country, treat same with chemicals and sell to us, increasing our risk of colon cancer and other deadly ailments

He is the reading why FFK is a wife beater and corrupt person with no known source of income

God bless Dangote
God bless Nigeria

Blessedassuranc:


Isten to yourself. You no get is sense at all. So other businesses don't VE multiple effect on masses and contractors? Your IQ level is far far below average... I just wonder how person go just dull like this.. Haaaba!!!

Mumu like you those goods are essentially imaging no flour to make bread,spaghetti and macaroni which more like masses stablefoods moreover is it only dangote that works during that period? beverages, pharmaceutical even some logistics company works to easy the distribution of palliative

deenee:


What you fail to understand is that the economy needs big conglomerates like Dangote and Co to survive.

We are in an ecosystem and in this ecosystem, everyone has to fit in and play their roles. Think of this as a pyramid where Dangote is at the top of the food chain and he has other SMEs that depend on him and vice versa in a symbiotic manner.

There are small businesses today employing tons of people that won't be able to exist without Dangote and Co.

The thriving real estate sector around lekki-epe is because of the refinery he is building there. Is it the sub distributors on his Dangote Cement Distribution Scheme you want to talk about or same for his FMCG business all of which employ thousands of people both directly and indirectly? Or the construction company employing people all over the country? Is it the back ward integration and back to farm program he is currently sponsoring in the North to encourage farmers to return to their farms despite the security situation that you want me to talk about? Or the fact that he has set up a scheme where off takers are guaranted for farm produce thereby encouraging farmers to produce and also providing seedlings for same? All of which will help reduce the food crisis we currently face?

Or you think he does not grapple with the same issues every business faces in Nigeria?

So in your mind, destroying his business is the only recipe that will guarantee success for small business that don't even play same space with him. Anybody can invest in the EPZ and Free Trade zones, it is not the exclusive right of foreigners. Albeit the foreigners have seen the long term benefits of investing in these locations and they are capitalising on it. Nigerians with our get rich quick mentality and short term mindset haven't seen same.

You see the problem with Nigerians is that of ethnic, tribal and religious bigotry. And to challenge your claim, small business are not taxed to the bones, infact, Nigeria has the lowest tax collection regime in the world compared to the number of SMEs in circulation. You people just rant without any substance to back it up.

Despite the so called government concession that is giving ya'll a hard on, Dangote still paid about 35billion naira in taxes to government in 2019 across all his businesses. Even now FIRS has created a tax exempt policy for businesses with less than 25m annual turnover and I know most people look for ways to avoid paying taxes by doing business in their personal names.

Finally Nigeria is a capitalist system and capitalism is first and foremost about profit. If you want to operate in a socialist economy, please relocate to China or North Korea.

Ya'll want to enjoy the benefits of capitalism on socio economic policies. What kind of catch 22 situation is that?

God bless Dangote
God bless Nigeria

Now I'm sure I wasted my time engaging you. Before i quit, you said 35 billion naira in taxes, right? But have you heard about the Panama, Swiss and other papers leaks? Have you heard how much Nigeria loses in taxes and major contributors? Take solace in google.

You say Nigeria small businesses pay the lowest taxes in comparison with what obtains in other parts of the world, right? This one will be a long journey, so I'll leave you and google to it.

About your accusation that I am ethnic in outlook, I reject it totally. I prefer being a Nigerian to being an Ibo person. I believe in the capacity of each individual to contribute to progress. I believe in fairness, competition and sportsmanship, devoid of the feeling of entitlement.

Smellymouth:
It's not only Nigerian economy that is rigged to favour dangote and the North..

Federal govt jobs and others are all rigged to favour the north.

If you are in Nigeria and you aren't affected business wise thank your stars.. In a Nigeria where things work, ( free from capitalism) Dangote should not be the richest man.

Just like in the animal farm, "all animals are equal but some animals are more equal than others."

Pls learn to distinguish between Capitalism and Socialism. Capitalism is an economic system that is free market oriented and provide room for economic players to compete to with one another in the production of goods and services. Where as, socialism is an economic system run by the state in the sense that economic decisions are majorly taking by the govt. In socialism, the govt determine what to produce, where products will be produce, and which company to support. This economic system is highly characterize by MONOPOLY (Domination) for the production of goods and services by companies favoured by govt. In socialist economies there's little or no room for competition.
Nigeria at present practice mixed economy which is heavily tilted towards Socialism - the bane of Nigeria's underdevelopement. This economic system is the reason why the country's power and petroleum sectors is so underdeveloped.
Hope you see the difference? Socialist economies gaurantees no long economic development. Checkout world economic powers, they practice Capitalism. Even China, a communist (extreme socialism) country did away with socialism to develop their economy.

Please since when has he been exempted�

Smellymouth:
It's not only Nigerian economy that is rigged to favour dangote and the North..

Federal govt jobs and others are all rigged to favour the north.

If you are in Nigeria and you aren't affected business wise thank your stars.. In a Nigeria where things work, ( free from capitalism) Dangote should not be the richest man.

Just like in the animal farm, "all animals are equal but some animals are more equal than others."

Since when has he been exempted?,please.

deenee:


Big grammar yet empty content. What business acumen do you have? Can you even write a business plan and implement to the latter?

Can you build a company from down up growing and expanding it both vertically and horizontally whilst also managing the visstitudes of the unstable business environment in Nigeria?

Do you even have the leadership acumen to manage a workforce of 10?. Talk is cheap and ya'll can hide behind your devices to critic.

I challenge you and will give 250k to produce a 10 year business plan for any product or service of your choice. Let's see if you are as good as the big grammar you are blowing up and down.


Dangote makes about 40% of cement revenue from exports to other West African countries, he declined offers to build a cement plant in Ghana because he felt that would be in direct competition to the back ward integration efforts in the country to create jobs and auxiliary support for small businesses,instead he has to grapple with paying tarrifs to get his cement into their market as an alternative.

He has also said that the plan is to export refined products from the refinery to other West African countries so with or without local sales, he will be fine

God bless Dangote
God bless Nigeria



P.S let me up the ante on the business plan challenge by increasing the price money to 500k. Bad belle people.

Your veneration of Dangote is based on the premise that he could write a good business plan?

So, in your reasoning, this is what it takes to thrive in a business after benefiting from ethno/political patronage that ensured he monopolized lucrative sectors of the local economy. Avail that privilege to any idiot and forget about the headache of writing a business plan.

I know many Nigerians have short memory, but Dangote's exploitative trajectory is still fresh.

chiwuike20:


Now I'm sure I wasted my time engaging you. Before i quit, you said 35 billion naira in taxes, right? But have you heard about the Panama, Swiss and other papers leaks? Have you heard how much Nigeria loses in taxes and major contributors? Take solace in google.

You say Nigeria small businesses pay the lowest taxes in comparison with what obtains in other parts of the world, right? This one will be a long journey, so I'll leave you and google to it.

About your accusation that I am ethnic in outlook, I reject it totally. I prefer being a Nigerian to being an Ibo person. I believe in the capacity of each individual to contribute to progress. I believe in fairness, competition and sportsmanship, devoid of the feeling of entitlement.

My question for you is this. is it only Nigeria involved in Panama leaks? Even in the whole debacle of events, Nigeria is small fry when you compare the level of rot the leaks brough to light.

Even governments of countries were involved and so long as tax heavens exists, people will continue to take advantage of them.

Again, I said the problem with Nigeria is bigotry which is a broad statement directed at Nigeria in its entirety. I never directed at you personally neither did I mention any tribe, ethnic group nor religion.

Your quick assumption that I directed same to you just shows that you have both low IQ and dismal emotional quotient. My advice to you is work on the two aforementioned then come back for a well balanced intellectual discourse.

As per CAC records we have 300k registered and active SMEs while as per FIRS records only about 50k of same pay taxes.

My question where is the gap coming from? People register companies to add legitimacy to their business but trade in their personal names to avoid taxes. Yet ya'll cry foul because he gets concessions from govt. Maybe you should also seek solace in google for this anomaly.

God bless Dangote
God bless Nigeria

AyakaDunukofia:


Your veneration of Dangote is based on the premise that he could write a good business plan?

So, in your reasoning, this is what it takes to thrive in a business after benefiting from ethno/political patronage that ensured he monopolized lucrative sectors of the local economy. Avail that privilege to any idiot and forget about the headache of writing a business plan.

I know many Nigerians have short memory, but Dangote's exploitative trajectory is still fresh.

Dangote does not need to write a business plan. He is a successful business man. It is you that needs go through the challenges and learning process.

And if you feel you are above same. Set up a business and manage appropriately

saaron:
Pls learn to distinguish between Capitalism and Socialism. Capitalism is an economic system that is free market oriented and provide room for economic players to compete to with one another in the production of goods and services. Where as, socialism is an economic system run by the state in the sense that economic decisions are majorly taking by the govt. In socialism, the govt determine what to produce, where products will be produce, and which company to support. This economic system is highly characterize by MONOPOLY (Domination) for the production of goods and services by companies favoured by govt. In socialist economies there's little or no room for competition.
Nigeria at present practice mixed economy which is heavily tilted towards Socialism - the bane of Nigeria's underdevelopement. This economic system is the reason why the country's power and petroleum sectors is so underdeveloped.
Hope you see the difference? Socialist economies gaurantees no long economic development. Checkout world economic powers, they practice Capitalism. Even China, a communist (extreme socialism) country did away with socialism to develop their economy.

God bless you for this explanation. I hope our professional critics will understand

deenee:


My question for you is this. is it only Nigeria involved in Panama leaks? Even in the whole debacle of events, Nigeria is small fry when you compare the level of rot the leaks brough to light.

Even governments of countries were involved and so long as tax heavens exists, people will continue to take advantage of them.

Again, I said the problem with Nigeria is bigotry which is a broad statement directed at Nigeria in its entirety. I never directed at you personally neither did I mention any tribe, ethnic group nor religion.

Your quick assumption that I directed same to you just shows that you have both low IQ and dismal emotional quotient. My advice to you is work on the two aforementioned then come back for a well balanced intellectual discourse.

As per CAC records we have 300k registered and active SMEs while as per FIRS records only about 50k of same pay taxes.

My question where is the gap coming from? People register companies to add legitimacy to their business but trade in their personal names to avoid taxes. Yet ya'll cry foul because he gets concessions from govt. Maybe you should also seek solace in google for this anomaly.

God bless Dangote
God bless Nigeria

1. You are too stupid to find normalcy...
2. After you referred to Nigerians as being bigots, bla bla bla, you shifted to you (referring to me)... By applying the Ejusdem Generis Rule, you are clearly referring to me. If not me, who else?
3. "you have both low IQ and dismal emotional quotient." I am grateful didn't spend much time engaging you.

It appears you are better in the art of insulting than in healthy arguments. So, I am going to leave you to it before I get caught up in the mix.

Finally, Mr. IQ, I am going to write a short piece whenever I have the time to do so about Dangote's handed fortune and how it affects the common man negatively. I'll make sure to invite you so I can receive your forceful, rude and disparaging views.

chiwuike20:


1. You are too stupid to find normalcy...
2. After you referred to Nigerians as being bigots, bla bla bla, you shifted to you (referring to me)... By applying the Ejusdem Generis Rule, you are clearly referring to me. If not me, who else?
3. "you have both low IQ and dismal emotional quotient." I am grateful didn't spend much time engaging you.

It appears you are better in the art of insulting than in healthy arguments. So, I am going to leave you to it before I get caught up in the mix.

Finally, Mr. IQ, I am going to write a short piece whenever I have the time to do so about Dangote's handed fortune and how it affects the common man negatively. I'll make sure to invite you so I can receive your forceful, rude and disparaging views.

You sound really frustrated. If you need a job, just send me your CV, I can assist as I have done for a lot privately on this forum with no strings attached.

In the mean time continue to fight for the rights of the common man.

And before I forget Dangote is also responsible for the misfortunes of the poor man who keeps giving birth every year, yet has no sustainable means of livelihood to take care of his family.

You can also try and set up and run a business so you understand how such works, including the concept of business risk and its attendant benefits. Feel free to refer to Google when you get stuck.

God bless Dangote
God bless Nigeria

hakeemhakeem:


Mumu like you those goods are essentially imaging no flour to make bread,spaghetti and macaroni which more like masses stablefoods moreover is it only dangote that works during that period? beverages, pharmaceutical even some logistics company works to easy the distribution of palliative

Abeg rest.. Naa you dey chop cement

Blessedassuranc:


Abeg rest.. Naa you dey chop cement

I never mention cement as essential foods cos those skills and unskill labor on site weren't allowed to move