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David Hundeyin Profile picture
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23 Mar, 4 tweets, 1 min read
Once again for those in the back, "capitalism" doesn't mean simply the process of buying and selling - even communists buy and sell.

Capitalism implies solving problems for a financial incentive. If a business merely exists without solving any problem, that is not capitalism.
Amazon solved the problem of frictional retail experiences by taking the entire supermarket online. It also provides internet storage solutions.

Uber solved the age-old frictional taxi experience.

Microsoft provides office productivity solutions like automated spreadsheets.
Toyota solved the problem of high cost, low reliability cars by making high quality, broadly affordable cars.

Reliance Jio in India brought nearly 1 billion people online by providing low cost high speed nationwide internet.

What problem does Dangote Group solve?
I challenge anyone reading this to provide an answer to that question.

What. Problem. Does. Dangote. Group. Solve?

Why is Dangote?

Show workings please.

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More from @DavidHundeyin

David Hundeyin Profile picture
25 Mar
Anyone who has actually bothered to read in depth about the Great Lakes conflict in East Africa and not get their history from Hotel Rwanda or Sometimes in April would know that Paul Kagame and the RPF are the furthest thing that exist from heroes.

They are literal war criminals
And furthermore, it is extremely unhelpful to see the Rwandan Genocide as a standalone event caused by simple-minded ethnic resentment.

The Hutu psychosis that led to Tutsi slaughter in Rwanda did not in fact come out of nowhere. It doesn't excuse it, but it explains it.
The 1993 murder of Burundi's first Hutu president Melchoir Ndadaye in a coup attempt by a Tutsi faction of the military led to the slaughter of up to 150,000 Hutu civilians in Burundi.

If you don't know this, you know nothing about the Rwandan conflict.
refworld.org/docid/469f3873…
Read 7 tweets
David Hundeyin Profile picture
23 Mar
Just know that a long time ago, I too was on that "Exterminate capitalism" train. I was part of a global Black Socialist society called Field Afrikan Refuge.

I fell out with my friend @AztecccZ during #OccupyNigeria because I insisted that fuel subsidies must remain.
On a module called "Power and Resistance in a Globalising World" at uni, I once submitted a polemic that was so stinging in its assessment of capitalism that my (left wing) lecturer rejected it for not meeting academic writing standards.

Where you are now, I was there too.
Whatever lifelong unbreakable conviction you think you have now, I had it too. In fact that was 60% of the reason I came back to Nigeria filled with patriotic zeal to right colonialist and neo-colonialist wrongs.

Africa Rising, etc etc. It's not new.
Read 4 tweets
David Hundeyin Profile picture
23 Mar
In case the news flew under the radar, I'm gonna amplify it here.

Dangote's proposal for banning refined petroleum importation includes a proposal that in the event that local refining doesn't satisfy consumption, he should also get the SOLE LICENSE to import petrol to Nigeria.
I repeat, while speaking to members of the National Assembly who came to visit Dangote Refinery on February 28, the company proposed that petrol import licenses should only be given to "licensed and active" refinery operators in Nigeria.

We know who that refers to.
In other words, in addition to being a government-backed monopoly making the world's most expensive cement at 45% profit per bag - more than twice that of the next most profitable cement maker on earth - Aliko Dangote also wants to become NNPC.

Nigerians must never allow this.
Read 10 tweets
David Hundeyin Profile picture
14 Mar
In September 2019, 21 year-old Itunu, a trader based in Bondoukou, Cote d'Ivoire traveled to Nigeria to visit her sick mom in Ibadan.

Unknown to her, her return to Cote d'Ivoire would mark the start of a harrowing ordeal in a notorious Ivorian prison, which is still ongoing.
Shortly before Itunu was due to travel, her flat was burgled and items worth more than N300,000 were stolen including her TV and gas cooker.

Despite the blow, she decided to travel anyway after reporting the incident to the police. She returned from her trip in October 2019.
Upon returning, she was informed by a lodger she left in her flat that the thief had been identified.

The thief turned out to be a 14 year-old boy who lived nearby. His embarrassed dad apologised and admitted that his son was a habitual thief. The items had already been sold.
Read 19 tweets
David Hundeyin Profile picture
14 Mar
By law, all land in Nigeria belongs to the government, which is why you have a Certificate of Occupancy (not ownership).

The house my folks built in Ogudu GRA in 1992 has a 99-year land lease meaning that in 2091, its ownership will revert to the Lagos State Govt.
The governor has sole prerogative to determine whether to extend the land lease or not when it expires, meaning that if he/she likes, they can take your family home/land away if they don't like your face.

The LUA effectively makes a governor a feudal lord ruling over tenants.
Several governors have used these powers to destroy property or withhold land lease renewals for people they don't like.

Governor Nasir El-Rufai of Kaduna State is well known for being one of the worst offenders in the country.

Keep this in mind for the next few tweets.
Read 8 tweets
David Hundeyin Profile picture
14 Mar
@oloye__ If I had the ability to control the National and state houses of assembly for 2 weeks, doubling or tripling Nigeria's GDP would be the outcome through near-total decentralisation.

1. Decentralise electricity (Let people build and operate their own power grids)
@oloye__ Decentralise law enforcement and tax collection (reduce the scope of FIRS and leave states to asses and levy most taxes; scrap the NPF and replace it with a uniform nationwide standard for state police/militia

3. Remove 80% of the Federal exclusive list
@oloye__ 3 (continued): Provide a uniform nationwide standard for states, individuals and corporates to build and operate their own roads and railways.

4. Scrap import and export licensing regimes so that a sector can have 1 million competing entrepreneurs instead of 1 Dangote.
Read 4 tweets

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