2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars (Page 2)

AuthorTopic: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars (Read 11743 views)
fuke (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #32 on: March 10, 2011, 12:32 PM »

Quote from: asorocker on March 10, 2011, 07:57 AM
How come an igbo man is not on the list ?

Very good question !!!

Let's look clinically at how Nigerian billionaires are made .

Dangote ; he was an ordinary cement and rice importer until 1987 when the head of state - ibrahim Babangida banned the importation of rice in the country and after several months he allowed Dangote to import ships loads of cement .

Ever since then Dangote has been an AGIP = any govt in power ,he was so close to abacha that his younger brother died with Abachas son in a plane crash. He was part of the people who bankrolled OBJ first term, second term , the aborted third term and yaraduas term.

OBJ rewarded him and Otedola with PH refineries at give away prices.

Mike Adenuga; he is not as rich as people think he is , he is a front man for IBB and Atiku. CIL which later metamorphosed to GLo was started with some wrongly sindicated Govt fund from PTDF running into some millions of dollars , which was ordered to be deposited in. TIB ( a failed south west bank) by Atiku , later the same money was syndicated to Glo as loan by TIB, the EFCC upon hearing this looked the other way and today TIB is a failed bank.

Ever wondered why the PHCN and refineries don't work in nigeria, then you might be in for the biggest shock of your lives.
The Nigerian Billionaires bought over all the downstream petroleum companies Con oil, MRS, AP, these companies to stay afloat must import fuel in to the country and for the fuel to sell people must use generators and for people to use generators then the PHCN must not work.

Questions I have Nigerians

1 how come during OBJ's reign no serious attempt was made to put PHCN into good operation despite the fact that the Bola Ige (who died mysteriously planned as far back as 2001 to put NEPA in shape.

2 how come the refineries never worked in OBJ's tenure instead the petrol pump price increased from 70k to =N= 55

3 how come all the overnite billionaires: Dangote, Otedola,Jimoh ibrahim,Adenuga made their billions during OBJ's tenure

Is someone still reading ?


ObJ sure had his Igbo chaps only how they used this connection may be different.

Emeka Ofor is one of them.

One of the Ubas who almost single handedly impeached a governor is another .

These two held the whole country to ransom and almost brought down their state
which made Achebe turned down the national honor .

Nwayawun of Champion Newspaper is another ObJ boy.

Sure the Igbos have their fare share of OBJ.

The truth is, Dangote never really started to be a wealthy man until he started manufacturing.
You cannot get to the level he is if all you do is buying and selling.

When the machines are humming, the dollars roll in.
chrishenzo
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #33 on: March 10, 2011, 12:35 PM »

Quote from: Princek12 on March 10, 2011, 12:09 PM
Useless country. How can one man control all this industries? Simply because there are no antitrust laws. Dangote's connections with corrupt government officials helped him monopolize the market for rice and sugar, effectively eliminating the competition. Now you want me to credit that Dangote for what?



God bless you my brother. Though I acknowledge the guy is rich but if judging things from the right angle, the guy shouldn't be on the list. 90% of Nigerians can be on the lists if they are given the same chance this guy have. He got his money through political means. How can only one man be autorized to import foreign rice during Abacha regime. How can 99% of cement factories closed down and his own was left alone? Or should we talk of floor. Like I said, give everyone equal chance and believe it or not, dangote won't smell Forbe's list. He may not be any governor or president but he is contributing to unemployment in Nigeria.
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #34 on: March 10, 2011, 12:39 PM »

Quote from: Princek12 on March 10, 2011, 12:26 PM
I guess all the Igbo businessmen you mentioned did not know how to kiss Babangida's arse like Dangote did.


I see. Only an incompetent,deluded, unaccomplished jealous businessman/ethnic group blames his tool.


You sure know how to blame other people for your stupidity. Yoruba this, Hausa that, when will Ndigbo ever assume responsibility for their failure. To each his own! Grin
omo9ja1 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #35 on: March 10, 2011, 12:44 PM »

well I know Dangote might do some padi padi to make money, he was not a selfish millionaire that stole our money take it oversea while the poor Masses suffer, he invest most his money into Nigeria, gave people jobs and so on, if every Nigeria big thieves will emulate this patten there will be more jobs to the poor Masses

Dangote weldone!
chrishenzo
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #36 on: March 10, 2011, 12:51 PM »

Quote from: kalokalo on March 10, 2011, 04:12 AM

I see some ignorance / misconception on this thread. There is no product that Dangote sells in which he is a 'monopoly'. If dangote has a monopoly in, say flour, what happened to Flour Mills of Nigeria(Nigeria's biggest miller), Honeywell flour mills, BUA flour, Crown flour mills, Northern Nigeria flour mills, Lister mills?

If Dangote is a cement monopoly, what happened to Lafarge (Wapco), Flour mills (UNICEM), Cement company of Northern Nigeria, Eastern Bulkcem, Ashaka, Sokoto cement, AVA?

If Dangote is a rice monopolist, what happened to Stallion, Olam Nigeria and Churchgate? What of BUA sugar?

Ignorant Nigerians do not realize that the secret of Dangote simply lies in the fact he produces on the biggest scale which gives his product a cost/price advantage coupled with the fact that he has an unmatched distibution fleet in Nigeria. Only strong multinationals with deep pockets like Lafarge or Flour Mills can compete with that. Go into the market place and see if if there is any product that Dangote sells in which his products are not far cheaper than that of his competitors. This is essentially what drives them out business as they cannot match dangote's prices.

How can you be importing 50000 tonnes of cement and want to compete with someone who manufactures more than 5 millions tonnes. Or want to compete with someone who has more than 5000 trailers criss crossing the length and breadth of Nigeria distributing his goods. You can't.

Another secret of Dangote is that he has turned his name into a national brand. There is no product that he produces that does not fly off the shelves. why? Why not produce your own cement and brand it 'Dimkpa' and place it side by side with 'Dangote' and watch which one Nigerians will buy. That is the power of his brand.

How come every product he sells is not smuggled into Naija? Have u seen smuggled cement, flour, fertilizer, sugar etc. in Nigeria? Its simply because those goods can't compete with his prices and product availability? The only time smuggled rice disapeared from Nigeria was when Dangote was selling rice. His prices drove them out. He does not sell rice anymore though. Dangote's tactics is what thrives in a mass market like Nigeria.

So think before you malign the man



Until you understand how these companies work, you won't feel comfortable to lift your head and narrate the same thing you just mention above. I don't know how to explain it to you. What is happening in Nigeria is similar to the documentary called "FOOD INC". Watch it. I believe it will give you some overview of how things are done

Quote from: omo9ja1 on March 10, 2011, 12:44 PM
well I know Dangote might do some padi padi to make money, he was not a selfish millionaire that stole our money take it oversea while the poor Masses suffer, he invest most his money into Nigeria, gave people jobs and so on, if every Nigeria big thieves will emulate this patten there will be more jobs to the poor Masses

Dangote weldone!


That is the only reason I respect that guy better than all others. He is Nigeria Chinese Version
Princek12
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #37 on: March 10, 2011, 12:51 PM »

Quote from: fstranger3 on March 10, 2011, 12:39 PM

I see. Only an incompetent,deluded, unaccomplished jealous businessman/ethnic group blames his tool.


You sure know how to blame other people for your stupidity. Yoruba this, Hausa that, when will Ndigbo ever assume responsibility for their failure. To each his own! Grin

You are a raccoon. Why do you have to resort to personal attacks? Because you cannot coherently raise a reasoned response to an assertion. You were the one who brought in tribalism in the argument by suggesting Dangote is smarter than the Ibo people. I just made a general statement about how the lack of antitrust laws and nepotism has made him monopolize the markets he controls, a valid argument. You are a big fool.
lucenzo
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #38 on: March 10, 2011, 12:53 PM »

fststranger is so childish and ignorant can never contribute anything good
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #39 on: March 10, 2011, 12:58 PM »

Quote from: lucenzo on March 10, 2011, 12:53 PM
fststranger is so childish and ignorant can never contribute anything good

You cant even spell my name right. No wonder no one takes you guys seriously.

Goodluck producing the next fake medicine and wares outta Aba and Alaba.

Thank God for hardworking and honest Nigerians from the North and SW,else who knows what Nigeria would have become in the hands of our dumb brothers east of River Niger. Nna, hows China working for ya? Grin
mr.official (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #40 on: March 10, 2011, 01:11 PM »

Where is Oprah Winfrey reppin'?
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #41 on: March 10, 2011, 01:13 PM »

IBos?

Maybe

I heard Obama is Ibo tooo
lucenzo
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #42 on: March 10, 2011, 01:15 PM »

@fstranger and co.guys you don't do yourself any good by attacking a particular tribe or region any time there is thread .Truth is, when you see sometin u're not sure of, as a modern day person with the internet, all u need do is to investigate and if u discover sometin wrong u make a correction and insulting the person's tribe or region because not all of them reason the way the person reasons okay! don,t your first president was an igbo man with the likes o chinua achebe, jay jay okocha,daniel amokachi, kanu nwankwo,dora akunyili,humprey nwosu,ezekwesilie and even Ojukwu .Yes he fought for a cause
D-sense (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #43 on: March 10, 2011, 01:16 PM »

I'm richer anyway.
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #44 on: March 10, 2011, 01:17 PM »

Quote from: D-sense on March 10, 2011, 01:16 PM
I'm richer anyway.


I laugh in Alaigbo Grin
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #45 on: March 10, 2011, 01:18 PM »

Quote from: lucenzo on March 10, 2011, 01:15 PM
@fstranger and co.guys you don't do yourself any good by attacking a particular tribe or region any time there is thread .Truth is, when you see sometin u're not sure of, as a modern day person with the internet, all u need do is to investigate and if u discover sometin wrong u make a correction and insulting the person's tribe or region because not all of them reason the way the person reasons okay! don,t your first president was an igbo man with the likes o chinua achebe, jay jay okocha,daniel amokachi, kanu nwankwo,dora akunyili,humprey nwosu,ezekwesilie and even Ojukwu .Yes he fought for a cause

WHich of them is on Forbes' list, thats what i am asking!

Dont derail this thread ok?
spikytang (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #46 on: March 10, 2011, 01:24 PM »

Mehn! ----- but hey pple how may roads has he built in the north?
d bigrod (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #47 on: March 10, 2011, 01:26 PM »

aliko dangote is richer than roman abromovich
http://www.forbes.com/wealth/billionaires#p_6_s_arank_-1__-1
PROUD-IGBO (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #48 on: March 10, 2011, 01:27 PM »

Quote from: fstranger3 on March 10, 2011, 01:17 PM

I laugh in Alaigbo Grin

I can just picture you jumping up and down like a mountain goat in heat,excited that an Igbo man is not on "the list". As if it adds any value to your existence. Sad git. Wink
hackney (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #49 on: March 10, 2011, 01:29 PM »

Some flat broke dirty twats all over the thread talking nonsense.

By the way is any of our past leaders on the list?
(just a question)
lucenzo
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #50 on: March 10, 2011, 01:33 PM »

@fstranger the fact that i said something in defence of the igbos doesn't mean i am one. i am from sw OKAY .this is the kind of nigeria we are talking of.A nigeria were someone can say the truth irrespective of tribe or religion and show respect for someones tribe and religion.i pity your parents cos they think they have child not knowing they gave birth to a he goat, a dummy dumbdumb, a dondy, niconpoop, scalyone, agbero, nonentity, barger, born by mistake, introvert,,fool and above all a nuisance to the society and large. oops i forgot that we are in lent . Angry
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #51 on: March 10, 2011, 01:35 PM »

Quote from: PROUD-IGBO on March 10, 2011, 01:27 PM
I can just picture you jumping up and down like a mountain goat in heat,excited that an Igbo man is not on "the list". As if it adds any value to your existence. Sad git. Wink

I can just picture you looking sullen all day long like a hen, from George Orwell's Animal farm, depressed that an Ibo man is not on the list. As if it detracts from the creativity and superiority of the Yorubaman and Hauseman over all of Alaigbo indigenes, home and abroad, including the ones ensconced in the ancestral land of the Ibos, Isreal. Grin
revomind (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #52 on: March 10, 2011, 01:36 PM »

Ignore fstranger please.
ideylaff
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #53 on: March 10, 2011, 01:38 PM »

Quote
I see some ignorance / misconception on this thread. There is no product that Dangote sells in which he is a 'monopoly'. If dangote has a monopoly in, say flour, what happened to Flour Mills of Nigeria(Nigeria's biggest miller), Honeywell flour mills, BUA flour, Crown flour mills, Northern Nigeria flour mills, Lister mills?

If Dangote is a cement monopoly, what happened to Lafarge (Wapco), Flour mills (UNICEM), Cement company of Northern Nigeria, Eastern Bulkcem, Ashaka, Sokoto cement, AVA?

If Dangote is a rice monopolist, what happened to Stallion, Olam Nigeria and Churchgate? What of BUA sugar?

Ignorant Nigerians do not realize that the secret of Dangote simply lies in the fact he produces on the biggest scale which gives his product a cost/price advantage coupled with the fact that he has an unmatched distibution fleet in Nigeria. Only strong multinationals with deep pockets like Lafarge or Flour Mills can compete with that. Go into the market place and see if if there is any product that Dangote sells in which his products are not far cheaper than that of his competitors. This is essentially what drives them out business as they cannot match dangote's prices.

How can you be importing 50000 tonnes of cement and want to compete with someone who manufactures more than 5 millions tonnes. Or want to compete with someone who has more than 5000 trailers criss crossing the length and breadth of Nigeria distributing his goods. You can't.

Another secret of Dangote is that he has turned his name into a national brand. There is no product that he produces that does not fly off the shelves. why? Why not produce your own cement and brand it 'Dimkpa' and place it side by side with 'Dangote' and watch which one Nigerians will buy. That is the power of his brand.

How come every product he sells is not smuggled into Naija? Have u seen smuggled cement, flour, fertilizer, sugar etc. in Nigeria? Its simply because those goods can't compete with his prices and product availability? The only time smuggled rice disapeared from Nigeria was when Dangote was selling rice. His prices drove them out. He does not sell rice anymore though. Dangote's tactics is what thrives in a mass market like Nigeria.

So think before you malign the man



@ kalokalo , did you really post that, me I no really yap Dangote ooo. Sad Do some research and not just write what is on the surface bro,

Anyone who thinks Dangote has not benefited 99.5% from monopolistic policies must be kidding or some sort.

I had my bro working @ Customs and Excise a few years back and he used to sigh, cos there was instruction 4rm the Presidency that Dangote should not pay import duty on all his business imports for a very long period of time. Abacha instructed and it went on for a long time,

This is just one of the very many Dangote has benefited from,, we also have the stock exchange saga of price irregularities at the xpexpencef Ndidi Okere bigging up your share price while she gains at the end, We are all not Blind you know, Grin

Yes he has achieved some greatness but not without the help of the Government, Trust me on this, He his a BIG Fish no one can take on like Microsoft a few years back,

Bill Gates and Warren Buffet the Top rich guys of the world are giving back to Africa in Millions /Billion helping us to solve our very own problem Malaria,

I hope Dangote is doing his own bit, No point gaining the world and all around you is dying,

Goodluck to him and congrats as well.

The Forbes List though is highly influenced as well anyway, not really a White paper yard stick to measure wealth.


md4real (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #54 on: March 10, 2011, 01:40 PM »

, and what form of charity is he involved in like the other so called Billinaires.
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #55 on: March 10, 2011, 01:43 PM »

Quote from: lucenzo on March 10, 2011, 01:33 PM
@fstranger the fact that i said something in defence of the igbos doesn't mean i am one. i am from sw OKAY .this is the kind of nigeria we are talking of.A nigeria were someone can say the truth irrespective of tribe or religion and show respect for someones tribe and religion.i pity your parents cos they think they have child not knowing they gave birth to a he goat, a dummy dumbdumb, a dondy, niconpoop, scalyone, agbero, nonentity, barger, born by mistake, introvert,,fool and above all a nuisance to the society and large. oops i forgot that we are in lent . Angry


Well, what can I say. Just because I speak the truth doesnt mean I am I am not Igbo, okay. I am from the SE, Arochukwu Igbo to be specific. My father is Delta Igbo, my mother, Isreali Igbo. So next time get your facts straight okay.

The other thing is that you need to enroll in a night school. You are a disgrace to everyone that has ever taught you .Your writing ability is beyond embarrassing. My five year old nephew just saw your post and couldnt believe you are as old as you claimed. He asked me to tell you that you should try and improve small ok. After seeing your post, he is gutted to be a Nigerian. Cool
usbcable (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #56 on: March 10, 2011, 01:44 PM »

Quote from: d bigrod on March 10, 2011, 01:26 PM
aliko dangote is richer than roman abromovich
http://www.forbes.com/wealth/billionaires#p_6_s_arank_-1__-1

From the list Aliko Dangote is ranked 51 amongst the lot(1140)
Now Lagos was ranked amongst the thousands of cities in the world and came 96th.

Logically, if we are all commending Aliko for this feat then I deem it appropriate to see Lagos in same light. Cool
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #57 on: March 10, 2011, 01:46 PM »

Quote from: revomind on March 10, 2011, 01:36 PM
Ignore fstranger please.

Thanks

I am going to ignore him as well. the guy is a nuisance!
charlesegi
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #58 on: March 10, 2011, 01:47 PM »

ok now! all right. its his turn and soon he may become the no1. no wahala. in as fa he could pass across to me-That kind of anoiting for growing wealth!!
D-sense (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #59 on: March 10, 2011, 01:49 PM »

Quote from: fstranger3 on March 10, 2011, 01:17 PM

I laugh in Alaigbo Grin
Enermy of progress Angry
Keep laughing there . . . .Mtchewwww.
Pls ask the governor of your state if he's willing to sell your state , , . , I told you guys i'm fuckinggg rich this time around.
lucenzo
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #60 on: March 10, 2011, 01:52 PM »

@fstranger u don't surprise me ooooo.do i need to write like i'm writin a formal letter check your Nl rules and reg, u can write as informally as u wish DUMMY. u are here crying for dangote like he's your dad or uncle, FOOL. why don't we talk about your parents if they are worth a kobo .no! kobo is much why don't we say a cent u BLOODY slowpoke Shocked
odogwu-x (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #61 on: March 10, 2011, 01:54 PM »

Quote from: fstranger3 on March 10, 2011, 01:13 PM
IBos?

Maybe

I heard Obama is Ibo tooo

LOL. Dude are you like 15 years old or something? You had better be because i'd be worried if you were an adult Grin
fstranger3 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #62 on: March 10, 2011, 01:57 PM »

Quote from: lucenzo on March 10, 2011, 01:52 PM
@fstranger u don't surprise me ooooo.do i need to write like i'm writin a formal letter check your Nl rules and reg, u can write as informally as u wish DUMMY. u are here crying for dangote like he's your dad or uncle, FOOL. why don't we talk about your parents if they are worth a kobo .no! kobo is much why don't we say a cent u BLOODY not-so-smart person Shocked

So in your warped mind, Kobo is worth more than cent? Who knew? I guess Naira is worth more than dollar? You see what I am talking about?


Now, run and go buy your night school form before its too late. An Ibo mind is a terrible thing to waste.

Again, from my five-year old nephew to you: Try and improve small, Grin
Chuks84 (m)
Re: 2011 Forbes Rating: Aliko Dangote Ups Wealth To 14 Billion Dollars
« #63 on: March 10, 2011, 02:00 PM »

@fstranger
You are a bloody fool, if you want to make comments, post something constructive instead of insulting one's tribe. You sound as if you were raised by gorrillas, its a wonder how you managed to get access to the internet.

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