I have much more than uh 12 13 billion you know and I said okay fine all these
numbers are just written numbers yeah you know and one day I went to uh a
bank yeah you know at that time there were no restrictions of business and I wrote a check
and the cash 10 million dollars and I took it home for yourself for myself yes your cash 10 million
dollars from the bank yes yes and took it and put it in the boot of my vehicle yeah and I went
home and I opened it and I look at 10 billion so that okay fine now I believe I have money
Aliko dangote the founder and the CEO of dangote group a company which is the largest cement
producer in Africa which operates several cement plants in Nigeria and other African countries and
has a total capacity of 50 million metric tons per year the company has the largest sugar refinery in
Africa which is in Nigeria with a capacity of 8 000 metric tons per day without forgetting
that Dangote group is the largest employer of Labor in Nigeria after the federal government
with not less than 30 000 active employees on a personal note as you already know Aliko Dangote
is the richest black person not just in Africa but in the whole world as well and has a net
worth of 12 billion US Dollars according to Forbes a position which he has held for 10 years in a row
but this is a general knowledge so that's not the aim of this video in this video we are going to
talk about dangote's plan of hijacking Nigeria's economy in 10 years time but before that welcome
to today's Africa and you know how it goes down we'll talk about critical issues in Nigeria and
Africa at large please do make sure you subscribe to our channel for more better videos like this
okay back to Nigeria's beloved Dangote group few months ago the chief strategy officer
of dangote group Aliya Suleiman said that the importation rights for patrol should be awarded
to only license and active refineries in Nigeria this demand was in his speech to members of the
national assemblies joined committee on petroleum industry Bill who paid a visit to the site of the
dangote refinery which is under construction which will begin operation soon dangote group proposed
that only licensed and active Refinery operators in Nigeria should be given permission to import
Patrol and other end products of crude oil to Nigeria just in case you don't understand what
is going on if this law is passed by the National Assembly it will mean that only Nigerian companies
with license who also have an active oil refinery will be allowed to import petrol to Nigeria
I guess you're already wondering what is wrong with that well here is what is wrong with the
law in Nigeria there are a lot of companies who are already licensed to import petrol but
none has an active oil refinery except just one man aliko dangote so having such low pass
by the Nigerian National Assembly will mean that dangote will be the only one license to refine and
import petroleum products in Nigeria therefore automatically clean his competition with the
help of the government dangote is already a very powerful company in Nigeria with the help of their
endless government-backed Monopoly with dangote Testament being a government-backed monopoly a
bag of the cement is the world's most expensive cement at a 45 percent profit payback for dangote
that's to wise the profit of the world's largest cement producer
and again with dangote sugar you'll be fair to say that the sugar industry in Nigeria is already
looking like dangote's Birthright so I will now leave you to think about how much petrol will cost
in Nigeria if dangote becomes the sole importer and supply of Petrol in Nigeria already dangote
makes 45 percent profits payback of his cement because he has already eliminated his competition
which you already know it has never been a fair fight and the favoritism and corruption in Nigeria
has never provided a level ground for equal competition so with dangote going into the oil
sector he is definitely going to hijack Nigeria's economy dangote's models of Brandy is to leverage
on a long-standing political connections to take the entire sectors of Nigeria's economic active
using the step power and just in case you don't know here are some of dangote's products and
services dangote sugar which is obvious dangote cement dangote salt dangote sax danvita dangote
macaroni dangote floor dangote spaghetti dangote noodles dangote seasoning cubes dangote fertilizer
and many more without forgetting that he's also into real estate a whole age so where does he
end does Nigeria exist for the sole purpose of enriching aliko dangote and his political allies
Nigerians will have to answer that question by themselves until then thanks for watching
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