Avarest

Behold, he hath maketh all things.
Founder & Chief Executive Officer... Building an enterprise of the future.

[Avarest @SirAvarest]

#NewProfilePic

[Avarest @SirAvarest]

8. Health care reform
9. Education reforms
10. At least $30b investment in sectors like maritime, agriculture, ICT, logistics, pharmaceutical, trade hubs, steel, petrochemicals, and
11. Domesticate most of foreign contracts
12. Restructuring to regional governance.

[Avarest @SirAvarest]

1st, let's fix the deadly cancer 'insecurity'
Afterward,
2. Sanitize the Petroleum & Mining sectors.
3. Electricity /Review the privatization scheme.
4. Roads/ Returning tolls
5. Tax/ Easy & Simplify System
6. Close all kinds of revenue loopholes
7. Expand the port system.

[Nairametrics @Nairametrics]

If you were leading Nigeria today, what will you fix first?

[Avarest @SirAvarest]

@NwekereNdoki @EzeJonathanNna2 @Kene_Nnewi There's no ignorance here. pple are rightly qualified to bring their own observation & opinion. The MD dont hv that energy. South East region need urgently.
1. Railway
2. Ports
3. Industrial FTZ
4. Power Plants
5. Gas Pipelines
Let the Mark focus on high ticket infrastructure.

[Avarest @SirAvarest]

@NwekereNdoki That's not Awka. That's Umuchu town. That is a place for the Transatlantic University of Nigeria with additional campus in Abuja.

[Avarest @SirAvarest]

With time frame, loss reimbursement, tax waivers, and import tonnage (2MMTPY). That executive order and federal arrangement were canceled by PMB. He gave that advantage to dangote bcos of 'Nigeria Factor'.

[Avarest @SirAvarest]

The last paragraphs were diluted. PMB single handedly closed ibeto batching plant. 1st, it was restriction of foreign exchange for importation of cement. 2nd, It was an import embargo afterward when the effect on the man isn't much.
President Yardua reinstated ibeto with time.

[Tuchel @Officially_Kriz]

There was a strong tussle between Dangote and Ibeto in the mid-2000s. They battled for dominance in the cement industry.

Nigeria’s cement sector featured high demand, but local production was limited. The government under President Olusegun Obasanjo (1999–2007) promoted a backward integration policy to encourage local manufacturing, offering incentives like import quotas and tax breaks to companies investing in plants while restricting pure importers

In November 2005, government operatives sealed Ibeto’s cement bagging plant/warehouse in Port Harcourt.

This followed petitions (allegedly from competitors including Dangote, Wapco and others in the Cement Manufacturers Association) alleging Ibeto violated the backward integration policy by focusing on importing and bagging bulk cement without sufficient local production investment.

Ibeto had import approvals and ships en route or arriving. The shutdown stranded cargoes, caused major financial losses, and halted operations.

Ibeto claimed it was a misunderstanding or minor issue that escalated unfairly. He appealed directly, including to Obasanjo, but the closure lasted until near the end of Obasanjo’s tenure.

Ibeto claimed to have started building a cement plant in collaboration with the Ebonyi State Government

President Umaru Yar’Adua (Obasanjo’s successor) reviewed the case, ordered the reopening of Ibeto’s facility in 2007, and granted some compensatory waivers/tax breaks. This was seen as an effort to increase competition and lower cement prices, which had risen due to limited supply.

Dangote Cement responded with lawsuits challenging the waivers and import advantages given to Ibeto, arguing they were unfair, involved tax evasion or undue benefits, and violated policies.

Courts and government agencies became involved, with the government sometimes defending Ibeto against monopoly concerns. Legal tussles continued for years.

At the end of the battle:

• Dangote expanded dramatically, being Africa’s largest cement producer with plants across Nigeria and the continent. He became the undisputed leader, benefiting from scale, local production, and policy alignment

• Ibeto faced ongoing challenges. His cement ambitions were curtailed; while the Ibeto Group remains active in other sectors (e.g., terminals, energy), he did not achieve the same dominance in cement. Later attempts to revive projects like Nkalagu Cement (Nigercem) in the Ebonyi State encountered further hurdles, including state-level disputes over land.

[Avarest @SirAvarest]

Mining, steel, aluminum, taxation, education, and healthcare. No patriotic cut industrial policy curated and crafted from our comparative advantage perspective. U have democratize economic opportunities to create economic emancipation in Africa societies like Nigeria.

[Avarest @SirAvarest]

That's not business it's oligarchy. Stifle the competition, lower down the expansion and industrial sabotage! U lied. As a business owner, u have to be innovative and aggressive (hungry), not ruthless at the expense of economic destruction.

[Tuchel @Officially_Kriz]

@Abujasupercars U have to be ruthless to remain at the top. It's not personal.

[Avarest @SirAvarest]

Economic development is achieved faster if the manufacturing is strengthened v-i-s-a-v-i-s-e industrialisation with friendly industrial policy, not political direction. Frankly, that 'Nigeria factor' is seen in power, telecom, shipping, petroleum, aviation, railway, gas

[Avarest @SirAvarest]

Port Authority of SE Nigeria.
Port Authority of Western Nigeria
Niger delta Port Authority

[Avarest @SirAvarest]

Putting the record straight. Anambra, Imo, Abia , and also, Anioma can host many deep ports. It is just that we're not ready yet. Tin can island Port sits on a river channel, same with warri given to Julius berger Port Services to manage. I am a businessman.

[Kalu Aja @FinPlanKaluAja1]

@budgetOdogwu Is it foolish to ask for inland waterways to be optimised for barge transport?

Well, it's the SE, so as usual

Continue

[Avarest @SirAvarest]

That's a good head start for us as people, and the benefits to Nigeria are enormous. That will create other ripple effects in SE economy as a whole. In short. U don't need a sea or ocean to create a large and thriving port.
NB: Divide the Nigeria port authority into 2 or 3

[Avarest @SirAvarest]

Raise ur mic!

[Oloma Juice 🍋 @islemonjuice]

Igwebuike Economics [S5]

The Igbo Palm Oil Renaissance: Short-term hustles won't save us. Here is how we take it back. 🌴👇

[MaziTundeEdnutfan @originalproflle]

“LG chairman in Katsina met with armed bandits and promised to fulfill their request some of which include:

1. Renovation of their house facilities
2. Provision of some motorcycles
3. Release of some of their members etc…”

- Reporter