@seyilaw1 Why not talk about what your principal did (state of the economy, corruption, recent FBI case, kidnapping and killings going in the country ) instead of using Mr Peter Obi to trend. Why is wisdom far from you
@seyilaw1 Why not talk about what your principal did (state of the economy, corruption, recent FBI case, kidnapping and killings going in the country ) instead of using Mr Peter Obi to trend. Why is wisdom far from you @seyilaw1
This whole issue on Dangote is shocking and creating bad waves for Nigeria globally. - Akinwunmi Adesina
Monopoly often exists where there are high barriers to entry or high capital costs.
How many individuals or companies can do railways? How many can do refineries of the scale of Dangote Refineries?
In a nation that has been importing refined petroleum products for several decades, the abnormal simply became very normal.
No smart investor would make a $19.5 billion investment and want it to be undermined by importers.
To manufacture is extremely expensive and risky. This is even more so in Nigeria, given the very challenging business and economic environment, fraught with policy uncertainties and policy reversals, and where the self-defeating default mode of “simply import it” is always so easily rationalized and chorused to solve any problem.
Competition is good for everyone. But is Dangote refineries anti-competitive? What is the evidence?
Has Dangote refineries prevented any other company from setting up refineries? Why have others not done so? How come they have not done so for several decades? Was it Dangote that held them back?
But Dangote refineries surely cannot be asked to ‘compete’ with importers of petroleum products.
That is not competition. Let the importers set up local refineries and compete by refining in Nigeria. That is fair and justified competition.
We cannot and must not undermine, disparage or kill local industries, talk less of one that is of this scale — a jewel of industrialisation in Nigeria.
It is more than simply delivering the cheapest product to the market. It is about domestic supply security, driving (and yes, protecting) globally competitive industries, maximizing forward and backward linkages in the local economy, job creation, reducing forex expenses and shoring up the Naira.
We must not be myopic.
This whole disparaging of Dangote is uncalled for. It is self-defeating. And it is very bad for Nigeria. Who will want to come and invest in a country that disparages and undermines its own largest investor?
Investing is tough. Pettiness is easy.
It sadly sends a signal that the price for sacrificing for Nigeria is to get sacrificed.
Akinwunmi Adesina
My brother, the Visionary, has built the largest single train refinery in the world, not in Kano, but in Lagos State. He is the owner of the second-largest sugar refinery in the world, also in Lagos State, and the largest cement factory in the world, not in Kano, but in Kogi State. Additionally, he has established one of the second-largest fertilizer plants in the world, soon to surpass the biggest one in Qatar, also in Lagos State. Furthermore, he has built a fertilizer plant in Lagos that already exports globally. Aliko Dangote is a titan that God created specially for mankind.
Aliko Dangote is also the largest private sector employer of labor in the country, and his companies are among the largest taxpayers. In fact, the Dangote Group often pays more in taxes than the top banks combined. If not for him, we would still be importing cement. His contributions extend beyond industrial facilities to critical infrastructure, having built major roads such as the Apapa Oshodi-Owonrosoki Express Road, Wharf Road, and the Obajana-Kabba Road.
Countries in the nascent stages of industrialization require visionary leaders. This is why it’s no surprise that the United States was built by the vision and tenacity of a few remarkable individuals—Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan, and Henry Ford—THE MEN WHO BUILT America’s industrial landscape. These men left the world without these assets but left behind a legacy that has kept their country thriving generation after generation. Their contributions were immortalized not in the material wealth they amassed but in the enduring institutions and industries they established. These visionaries were also supported by their government, which recognized the importance of fostering local champions.
Similarly, today’s tech giants like Microsoft and Tesla received substantial support from the US government. For example, in January 2010, the Department of Energy issued a $465 million loan to Tesla Motors to produce specially designed, all-electric plug-in vehicles and to develop a manufacturing facility in Fremont, California to produce battery packs, electric motors, and other powertrain components for powering these innovative vehicles. This initiative is part of broader efforts, such as the federal EV-charging program supported by the infrastructure law known as the National Electric Vehicle Infrastructure program, or NEVI.
In India, the government has been instrumental in supporting business titans like Gautam Adani and Mukesh Ambani. Their companies have received significant backing to grow and expand, contributing substantially to India’s economic growth and global business footprint.
There are also records of emerging market countries like Vietnam, South Africa, Brazil, and China where their governments have supported local businesses to jump-start industrialization. In Vietnam, the government has provided various incentives to tech companies, fostering a rapidly growing technology sector. In South Africa, government support for the mining industry has been crucial in maintaining its global competitiveness. Brazil has seen substantial government investment in its agricultural sector, transforming it into one of the world’s leading food exporters. In China, government backing for companies like Huawei and Alibaba has propelled them to global leadership in technology and e-commerce.
In Nigeria, we have our own titans, and it is imperative that we recognize and support them. Aliko Dangote has broken every boundary in worldwide business and industry. His contributions are not just a testament to his brilliance but a beacon of what is possible when vision meets opportunity. Supporting local champions like Dangote is crucial for our national development and economic independence. Let us continue to foster and support these visionaries who drive our nation’s progress… F.Ote💲
@Ada_042@PNMbah Good evening his excellency how about the payment of gratuity to Enugu state workers? My parents retired in 2014 till now no payment of their gratuity.
@Ada_042 Good evening his excellency how about the payment of gratuity to Enugu state workers? My parents retired in 2014 till now no payment of their gratuity.
@PNMbah Good day his Excellency, how is work so far I guess fine. Could you please pay my dad his gratuity he served the state for 35 years and retired in 2014. It is regrettable to note that after 10 years he has not been paid. The same with my mum.
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A visionary leader ready to steer the affairs of the country into prosperity. Senegal's youths have made Africa proud. The narrative is changing. But our youths chose ethnicity, tribalism and religion as criteria to elect leaders instead of competency, capacity& track records.
Lessons from Senegal.
It is The People and not their Politicians that own Democracy, Politics, Government and Governance.
When a People have finally had Enough and make a determination to change their condition, no power of hell nor schemes of their Politicians can prevail.
The People of Senegal have shown the rest of our continent the way.
We thank them. ✍🏾✍🏾✍🏾
#OfficeOfTheCitizen
Congratulations @DiomayeFaye on your victory. We Nigerians had the opportunity to elect @PeterObi but we missed it due to ethnicity, tribalism and religion coupled with the @inecnigeria who served as a midwife by switching the server.