Dangote refinery is not going to make you wealthy if you are not rich yet, dead that idea. Kill it fast fast.
It is a compounder for the wealthy. Let me explain.
If you buy 100 units, that is 52,500, for your capital to double, it would mean the valuation of the refinery would be around 96B dollars, that is when your 52,500 becomes 105,000.
That might take a while say 2-5 years, but for the wealthy that invest 100m, if the company moves just 15% upward per share he gains extra 15m each year.
You might see that someone has committed 400m dollars to the refinery, if the refinery gains just 10% each year for the next 5 years, that is 40m in the first year, 44m in second year like that like that.
Know what you are signing up for, don’t think your 10 units would become millions one day, it would never.
@dennis33499979@Imranmuhdz its 10 trillion and not 10 million, let’s at least get the basic figures right. Political arguments are stronger when they’re based on facts, not misleading calculations
For your information o, this is how we call our Nigerian billionaires:
1️⃣ Alhaji Dangote
2️⃣ Uncle Femi
3️⃣ Alhaji Rabiu
4️⃣ Chief Adenuga
5️⃣ Uncle Tony
Don't go and meet them and be calling them by their names. They're not your mate 😁
Bro to bro- do not try entrepreneurship if you don't have a high tolerance for uncertainty. For long periods of time, you genuinely won’t know if you’re early, wrong, unlucky, or just stupid. You need to be cheap before you can afford not to be. Because raising money and burning it is easy. Building something people are willing to pay for is hard. You need high self esteem and a low ego and you've to be comfortable being wrong, looking stupid and changing your mind. Most importantly, learn how to lose without becoming a loser. Because you’re going to lose a lot- money, people, deals & time. Just don’t lose your ability to think clearly. And btw, don’t go looking for motivation. It is useless after a while. What you really need is stamina. Both physical & mental.
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