Dangote is not a benign or particularly beneficial entity to Nigeria's economy. Not sure what the Dangote worship on the TL is about because the data is clear.
But then Nigerians worship money so I guess I'll just have to jump and pass. I don't want this smoke.
But then Nigerians worship money so I guess I'll just have to jump and pass. I don't want this smoke.
Compare what Dangote Cement brings to Nigeria's economy through local cement production to what it loses it through increased building costs (most expensive cement prices on earth) and attendant construction industry losses.
But one person gets to be on the Forbes list so...🙂
But one person gets to be on the Forbes list so...🙂
Every other economy on earth with an infrastructure deficit and ambitions of growth has construction at the heart of their growth strategy.
China grew itself into a $5trn economy by doping its construction industry, and the BRI is the international expansion of this strategy.
China grew itself into a $5trn economy by doping its construction industry, and the BRI is the international expansion of this strategy.
But one man is more important than a whole country's economy, so by all means worship away.
No wonder two more friends of mine got their Canadian PR a few hours ago.
A 60 year-old country that still doesn't know why it exists.
No wonder two more friends of mine got their Canadian PR a few hours ago.
A 60 year-old country that still doesn't know why it exists.
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