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Aaa by Aliyumud: 6:48pm On Jul 27, 2021
Aaaa

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Re: Aaa by Fahdiga(m): 6:50pm On Jul 27, 2021
Everything is not working under Buhari
Re: Aaa by Muyiwaipere(m): 8:00pm On Jul 27, 2021
Who is this federal government?

No be Dangote?
Re: Aaa by budaatum: 8:02pm On Jul 27, 2021
Thankfully, as SocialJustice informed me, and which I hope is true for this instance:

SocialJustice:
Dangote that only lists like 15% of his company publicly.
Citation required.

"For the Dangote refinery, we are not taking government money to buy it, which is the mistake that people are making. We are borrowing on the back of the cash-flow of this business. We know that this business is viable, it will work and it will return dividends. It has a cash-flow that is sustainable because refinery business, in the short term, will continue to be sustainable. That’s why banks have come forward to lend to us, so we can take equity in this.

“We are very proud that we did this. This is good for our shareholders, which includes all 200 Nigerians who will also be happily buying shares from this company if they had the opportunity. But now we have done on their behalf, so that ultimately the value will come to all of us.

“But there is no way you can watch a business of this magnitude, of this sensitivity, to run without the involvement of the national oil company. No country does this.”
https://www.channelstv.com/2021/06/29/why-nnpc-is-borrowing-to-acquire-20-percent-equity-in-dangote-refinery-mele-kyari/amp/

I'm certain Mr Mele Kyari meant 200 million Nigerians, but he should consider letting those who wish to buy shares in Dangote do so as private citizens, as government hand tends to soil private venture.

Re: Aaa by FarahAideed: 8:03pm On Jul 27, 2021
When we say Dangote refinery is the new Ajaokuta we might just be right ooo...If Jonathan was president that refinery would be working now ;;;FACT!!!!!!!

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Re: Aaa by PrinceOfLagos: 8:05pm On Jul 27, 2021
I'm tired of this country
Re: Aaa by SocialJustice: 9:01pm On Jul 27, 2021
budaatum:
Thankfully, as SocialJustice informed me, and which I hope is true for this instance:

Citation required.



I'm certain Mr Mele Kyari meant 200 million Nigerians, but he should consider letting those who wish to buy shares in Dangote do so as private citizens, as government hand tends to soil private venture.
Dangote Industries Limited owns 85% of Dangote cement. The refinery is a private company and I do not know the shareholding.

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Re: Aaa by vedaxcool(m): 9:19pm On Jul 27, 2021
[s]
FarahAideed:
When we say Dangote refinery is the new Ajaokuta we might just be right ooo...If Jonathan was president that refinery would be working now ;;;FACT!!!!!!!
[/s]

grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin like $2b worked and bought arms for the army?

Like the army worked and chased away BH?

Like PHCN worked and solved all our power problems?

Like Second Niger bridge worked?

Like subsidy worked?
Like the refineries worked?

I know shame is missing in the lexicon of many Jonathan's supporters, that is why they misspeak at any opportunity.
Re: Aaa by Ibrahimmrfish(m): 7:40am On Jul 28, 2021
Now this is highway robbery, forcing Dangote to sell 20% of his shares to NNPC.This will discourage investors to invest in Nigeria.

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