Comments on: Dangote to venture into steel production, targets meeting demand in West Africa https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/ Destination for Business news and analysis from Africa's largest economy Thu, 13 Jun 2024 21:59:17 +0000 hourly 1 https://wordpress.org/?v=6.5.3 By: 9jaRealist https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/#comment-784074 Thu, 13 Jun 2024 21:59:17 +0000 https://nairametrics.com/?p=491180#comment-784074 In reply to Adams Owolabi.

Loser and poverty mentality of the typical Nigerian…SMH

First, there is (and would be) NO monopoly in steel production in Nigeria, as Nigeria currently has over 30 steel manufacturers. However, these companies can only produce 2.2 million tons a year with scraps and billets imported mainly from China, leaving Nigeria to import over $3 billion worth of steel products yearly – and frankly NIGERIA SHOULD HAVE NO BUSINESS IMPORTING STEEL!

If Dangote Group can bridge (or completely eliminate) this gap, kudos to them. In a nation where many established and/or respectable foreign investors are joining the “japa” STAMPEDE, it’s bemusing to see some Nigerians turn up their noses at anyone ‘crazy’ enough to want to invest money (they could easily squirrel away in the US, UK or Dubai) into this increasingly TRAIN WRECK of a nation!

Sadly, in a nation where it has become the culture of so many to reward and praise failure and failures while punishing and denigrating success, it’s no longer shocking to witness the attempt at demonizing someone who has actually created TENS OF THOUSANDS OF JOBS FOR NIGERIANS IN NIGERIA (and hundreds of thousands more indirect jobs and livelihoods). Poverty Pastors!

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By: Adams Owolabi https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/#comment-783751 Thu, 13 Jun 2024 12:50:49 +0000 https://nairametrics.com/?p=491180#comment-783751 This should not be allowed. Monopoly does not augur well for the average citizen. Only you can not be mortgaging the lives of the unborn. I don’t support it this. After all the refinery have not seen the light of day, to the betterment of the citizens. I could remember the issue that came up as regards the cement factory in Kogi state that led to a closure at some points before the federal government intervened. PIs face your other buisinesses.

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