The Apapa sea ports is majorly controlled by a dutch company. The Onne Sea Port is controlled by an Italian company, the Calabar SeaPort is controlled by same Italian company & partly managed by a Nigerian company (Shoreline Logistics)

The New Ibaka Seaport has been concessioned
to a French Company (Bollorè Logistics). The Lagos Deep Sea Port was concessioned to a Chinese State owned Company (China Harbor) and an Indian Company warehoused through an SPV in Singapore (Tolarams group)

And Nigerian businessmen are sitting down watching critical national
Assets taken away from them by Foreigners, while they buy houses in Dubai, London, Monaco and purchase new private Jets.

I’m alarmed at the way Nigerians are so quick to sell off and hold cash, while they give you the tiring excuse that the macroeconomics is not bright
This economy is always going to be the most enviable in Africa for any discerning investor.

While you complain about the government, remember that 30-40 years ago when your captains started, the politics & macroeconomics were worse than it is today.

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More from @realkelvin07

2 Jan
I was speaking with my friend in Austin, Texas through phone yesterday & he told me that the Ports in Los Angeles has a 6months backlog of ships in demurrage because of bottlenecks on docking and storage of containers (and the rules around not piling containers more than 2steps)
The Chinese Government offered to assist the US ports Authority clear up the backlog in 3weeks & the US Gov’t turned down the offer twice.

Because of Critical National Assets that are closely monitored for National Security reasons.

One day ehn, we would have this conversation
The National Security Council in Nigeria will order for a review of Nigeria’s supply chain, and do stress assessments to understand risks in simulated scenarios, and actively take steps to recover infrastructure, by quietly staging Nigerian owned business to take over.
Read 4 tweets
1 Dec 21
Update: Very happy to announce that the Federal High Court in Maitama presided by Justice Nasir Mero, today the 1st of December 2021, enforced my fundamental human right against the Nigerian Police Force (Anti Vice thru the CP’s office and AIG Zone 7)

And consequently awarded me
The sum of #2m in damages for illegal, unlawful and unconstitutional arrest, seizing of my personal belongings and freezing of my bank accounts for the intervening period.

Even though my legal team (best team) has started the process of ensuring enforcement of the judgment
It’s topical to mention the following:

1. The Nigerian Police Force is not a money recovery agent

2. Detaining anyone for more than 24-48hrs without charging the person to court is a violation of the constitutional provision on liberty

3. Unless a court gives an order to
Read 6 tweets
7 Aug 21
LONG THREAD: First thing we need to understand is that Dangote Refineries is classified as critical national infrastructure (CNI): ‘‘These are institutions, bodies or structures that provide essential goods and services forming the backbone of an economy.’’
Each barrel of crude has 159 litres that produces 170 litres worth of derivatives after the hydrocarbons are heated and seperated through different processes. Here are the derivatives of crude:

43%: Gasoline (73 litres)
23%: Automotive Gasoline Oil or Diesel (40 litres)
9%: Jet A1 (15.5litres)
5%: Coke or Pepcoke (8.5litres)
4%: Heavy fuel Oil (6.8litres)
4%: Still gas (6.8litres)
3%: Liquefied Refinery Gas (5.1litres)
3%: Asphalt (5.1litres)
2%: Petrochemical feedstock (4.2litres)
2%: Lubricants (3.4litres)
1%: Kerosene (1.7litres)
Read 15 tweets
6 Aug 21
Oil price today is $68 bpd. Let’s say at an $8 discount, Dangote will spend $39m buying 650k barrels of crude oil to refine daily.

Right now he doesn’t have any bloc that’s producing for him, so it makes perfect sense to do a crude oil for equity deal with the NNPC
Where the gov’t pays for it’s 20% stake in the refinery by supplying him the $39m of feedstock he needs daily in exchange for him supplying the NNPC with a predefined amount of products the country needs daily.

P.S: Nigeria needs 250k barrels worth of PMS, AGO & Jet A1 daily.
This way the NNPC doesn’t get to pay for their 20% valued at $2.74bn based on their discounted cash flow model of analysis.
Read 4 tweets
13 Apr 21
Lithium Ore is a rock ore mineral available in Kogi, Nassarawa, Ekiti, Kwara, Cross Rivers, Oyo and Plateau. Of the many uses of this mineral ore our miners sell to intl brokers through Irrevocable Corporate Payment Order (ICPO) agreements, I'm going to focus on phone batteries
The global phone battery market in 2020 was worth $46.97bn. Interestingly China controls 60% of this market, and is the number one importer of Lithium Ore from Nigeria. So if our strength is not in building hardware like smartphones. Why can't we make the battery accessories?
In 2020, Chinese exports constituted 25.2% of all the imported goods that came into Nigeria, & today 1 out of every 4 ships that sails around the world has an eCO from China, meaning China controls 25% of global trade, and consequently 56% of the BRICS Bloc.
Read 8 tweets
12 Apr 21
In 2020, the largest Chocolate companies made $107bn. 30% of their supply of Cocoa came from Ghana that earned $2bn. At a World Economic Conference in Davos last year, President Nana Akufo Addo told business and Political Leaders, that he doesn't see the future prosperity
Of Ghanians from this trend. Last month, the President banned all exports of Cocoa from Ghana.

Cocoa stakeholders tell their President they have 3 problems

• Interest rate in Ghana is between 18-20%
• Ghana imports dairy milk at a weak exchange rate
• Ghana imports sugar
The President says he will provide equipment financing for enterpreneurs who are ready to take the plunge. And subsidies for the importation of dairy milk and sugar.

Now I'm thinking, Nigeria would have been a market for the export of dairy milk and sugar to Ghana
Read 4 tweets

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