Read below and tell me how Uju Ifejika Muurish Billionaress from Nigeria is linked with your story link above?
quote:Originally posted by IronLion:
quote:Originally posted by lamin: ....
The Human Development Index blah..blah..blah
MUURZ!
Silent Billonaire Muuress!
Uju Ifejika is arguably one of the richest women in Africa and the continent’s most successful female oil tycoon.
At 53, she is the CEO of Britannia-U Limited, an indigenous and integrated marginal field operator in the Nigerian oil and gas sector with branches located in strategic parts of the world.
A lawyer with a degree from Ahmadu Bello University, Zaria, northern Nigeria, she started her first job in the oil sector while doing her National Youth Service as one of the junior counsels at Texaco Petroleum (before it merged with Chevron), and within a few years the young woman was occupying the coveted position of company secretary.
Speaking about that challenge she says, “I remember when I took up the job, some people said I wouldn’t last long in that position. You see, one thing about me is that I like challenges and I perform better under pressure. Other people wobble under pressure, but if you want to see the best of me, it is when I am under pressure.”
She was part of the team that pioneered the establishment of online real-time shareholders’ trading documentation, and under her watch the company won the Stock Exchange merit award in the oil and gas category for five consecutive years.
Her ability to multi-task and think on her feet gave her an edge over her peers and she was subsequently handed the reins as Company Secretary Public and Government Affairs for West Africa. She successfully filled these positions until she opted for early retirement in 2007.
Showing great determination, she moved on to start her own company, Britannia-U. Although set up in 1995, the company did not become operational until 2001 when the Nigerian Federal Government’s marginal field initiative came into existence. She walked on a tightrope, setting up the company with her severance pay of N10 million from her former workplace and a N23 million loan.
Despite inevitable setbacks she was able to get the full support and cooperation of players in the sector and since then it has been full steam ahead.
As a woman in a field still primarily dominated by men, she has a hands-on approach towards running her company.
Having no prior formal training and educational background in petroleum engineering, people often wonder how she pulls off running an oil and gas production and servicing company and keeping it afloat.
“I’m not a geologist and I have never worked in exploration and production,” she says. “The only thing I know is how to take something that is nothing and create something out of it that you can see and appreciate. For you to be able to do that, you must not look at what people are saying, you should look to your inner intuition – all of us have it, it is you as a person that matters, not any other person. The vision of what you want to do is with you and no one else, and this is what I discovered early in life. Not being an engineer or a geologist was immaterial. Today I speak the language of the geologist, I can interpret the maps and when they bring in technical things we look at them together – because I was able to rise above my fear level.”
The entrepreneur and CEO juggles her business responsibilities with being a wife and mother. But she says she never lets one interfere with the other or take precedence. The hard-working mother nurtures not just her three biological children but also three adopted kids.
Asked what has been her motivation and driving force, she says: “Exercising hidden strengths. As an individual, a human being created by God, the word ‘impossibility’ does not exist in my book.”
quote:Originally posted by lamin: Here is this stupid man telling me about corruption in Africa. Man, just stay with your leaves and quite your dumb chatter.
Did you understand what I wrote. You asked rhetorically whether I believe all rich Africans are thieves. I said no and I gave the example of Dangote.
I brought up the Sanusi thing to show how these dames got their wealth--through the thieves of that $20 billion and $57 billion passing some on to their girl friends and family members. Have you ever been to Africa? The starry-eyed nonsense you write is a dead give-away.
Sanusi pere was once governor of Kwara State and he looted the place when he was there. That's common knowledge.
Aww shut your patronizing scandal-mongering shyte hole of a mouth...
Put up or shut up! How is Ms Adenuga Muuress Billon Dollar heiress linked with your envious tales?
How is Ms Fernandez muurish Billonaire heiress linked with your pornographic fantasies of corruption? Provide a cogent piece of evidence not envious rumors and hateful whispers!
How is Monica Musonda connected to your silly ramblings about high place corruption in Africa? Can you be happy for rich Muurs and Muuress? Must they always be the desolate ones fit only for your condescending pity? Fiyaah pon ya blooo'wool pink ass, you wicket obeah man!
I have given you many chance now to prove your defamatory lies against Muuress Billonaires I have showcased and all you can give me are generalies and innuendos.
Lamin, put up or shut the fvck up!
quote:Originally posted by IronLion: Multi Million Dollar Muuress Entrepreneur from Zambia
Lawyer turned entrepreneur, Monica Musonda is Chief Executive Officer and Founder of Java Foods, a food processing company based in Zambia that she established to provide affordable nutrition to the southern African market. Java Foods seeks to revolutionize the eating habits of the youth market by offering them affordable and nutritious food options made from local products. Musonda is a dual-qualified English solicitor and Zambian advocate with over 15 years of experience. She has held senior positions in private practice with Clifford Chance & Edward Nathan and as an in-house corporate counsel at the International Finance Corporation and for Aliko Dangote of Dangote Industries Limited. Musonda currently serves on the Boards of the Central Bank of Zambia and Dangote Industries Zambia Limited, and is Chairperson of Kwacha Pension Trust Fund, Zambia's largest single employer pension fund. She is also an Archbishop Desmond Tutu Leadership Fellow.
Posts: 7419 | From: North America | Registered: Mar 2009
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You have not yet repented of your evils ways. Your pink ass has refused to respect Rich Muurs like us so I will punish your pink ass with Muur rich millonaires...
Kola Aluko - Muur rich Multi-millonaire from Nigeria
Kola Aluko
Source: Oil, Aviation services
Kola Aluko, a Nigerian energy and aviation tycoon, founded oil trading firm Fossil Resources in 2001, then went on to become CEO of Exoro Energy- an indigenous oil exploration and production firm. In 2007, the company merged with Seven Energy, a leading independent oil exploration company. Aluko is now Deputy CEO and a leading shareholder of Seven Energy, which has operations and key interests in four onshore fields in the Niger Delta. Aluko is also a member of the advisory board of Vista Jet, a Swiss-based private jet charter company founded by Thomas Flohr. A passionate car racing enthusiast, Aluko has competed in major European races with the Swiss team Kessel racing. In June 2012, Kola Aluko was reported to have purchased two luxury ultra-modern estates in Beverly Hills for $40 million.
Muurz to come...
Posts: 7419 | From: North America | Registered: Mar 2009
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A former bank chief, Egwuenu is the second largest individual shareholder of the Zenith Bank Group. His 1.5% stake in Zenith Bank alone is worth about $60 million.
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Lamin, are you gonna eat out your wicket heart now that we have unmasked your lies about Africa? Have you ever left Sweden to visit Nigeria? Cry, baby cry out your jealous heart over rich Muurz:
Muurish Multimillonaire Sam Iwuajoku (worth more than $500m)
Source: Commodities, Aviation services
Iwuajoku made his fortune importing rice and steel rods, while leveraging his extensive political connections to obtain a series of generous import duty waivers from the Nigerian government. Among other ventures, he reinvested in private aviation services. His company, Quits Aviation services is one of the few fixed-base operators in the country. Quits Aviation Services owns a large maintenance hangar at the Murtala Muhammed International airport in Lagos and a jet charter service.
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posted
Dele Fajemirokun - Billonaire Muurish Entrepreneur from Nigeria
Source: Diversified
His father, Henry Fajemirokun, was a renowned shipping magnate and one of Africa’s most successful businessmen after Nigeria’s independence. Nigerian Maritime Services Limited, the shipping company he founded in 1962, is still one of the largest shipping companies in Nigeria today. Dele Fajemirokun, his 62 year-old son is now in charge. A prominent boardroom guru, Fajemirokun also owns key stakes and sits on the board of several Nigerian blue-chips including American International Insurance company and oil explorer First Hydrocarbon Nigeria Limited.
Posts: 7419 | From: North America | Registered: Mar 2009
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posted
Anybody who has done any research into Nigeria knows that Nigerians own and control very little of their own industry and economy. The females you see are often benefiting from corrupt practices in many cases. In fact that corruption starts with the Western countries who have been widely documented in using bribes and kickbacks as the basis for doing business in not just Nigeria but Africa as a whole. Which means that a lot of these folks are simply black front men or front women for white interests. Case in point, how many Africans are on the board at Britannia-U? Heres' a hint: not many:
quote: Catherine Uju Ifejika is chairman and chief executive of the Britannia U Group, a group of oil and gas companies. Her business bought a stake in a major oil and gas field, Ajapa. The reserves, according to Britannia, are worth $4.3bn.
"You men, you don't even know how to boil water or where the children's school uniforms are," she jokes.
"We are able to hold your homes together, and we are beginning to translate that into boardroom jobs, and then owning companies. In six years I have formed seven companies."
She says 70% of her staff are men, "and they're not used to having a woman as a chairman or chief executive - a woman, a black woman, a black African woman."
And in fact, Britannia-U has only a small stake in Nigerias oil industry. I mean the whole point of the British Nigeria Corporation was to conquer the country and control the oil and that is still in control of the oil industry: the Anglo American Complex or colonial economic rule. And because of that, why even call the company Britannia if it is really an 'indigenous' company?
Britannia U only started a few years back with heavy backing from various banks for buying blocks of oil mining licenses from western companies. But every since they have been in litigation over said licenses because even though they had the highest bid, they were not sold the assets.
quote: A Federal High Court in Lagos will today hear arguments in the preliminary objection filed in respect of the suit brought against Chevron Group by Brittania-U Limited over plans for the sale of Oil Mining Leases (OMLs) 52, 53 and 54.
Trial judge, Justice Mohammed Yunusa had extended the interim junction he earlier granted restraining Chevron Corporation of the United States and its Nigerian subsidiary, Chevron Nigeria Limited (CL) and their agents from negotiating the sale of the said Oil Mining Leases with Seplat Petroleum Development Company (SPDC) Limited or any other bidder, apart from Brittania-U edLimited.
The judge had also extended the injunction restraining Chevron and its agents from declaring Seplat Petroleum Development Company or its agents as the preferred bidder for the oil blocks, apart from Brittania-U Limited, which emerged the highest bidder in the transaction.
At the last adjourned date, Justice Yunusa had fixed March 10 (today) for hearing of the Notice of Preliminary Objection filed by the defendants to the suit.
Now one of the parties in this suit is Seplat petroleum, which is a so-called 'indigenous' Nigerian oil company. Yet here is the management and the board:
Again, the Anglo-American establishment using their same old tricks to promote 'diversity' while still running things from the top. And just like the diversity they promote elsewhere, they often use women in order to promote something that is inherently fake.
What is going on in Nigeria is no different from South Africa where a few well placed families are getting a lot of money from 'affirmative action' programs while most Nigerians stay poor. It is the same game being played all over Africa, where the colonists still run the companies but hire more corrupt flunkies at the top level from the local African political class to use as the face of 'diversity':
quote: A 'Nigerian Company' is defined by the Nigerian Content Act as a 'company formed and registered in Nigeria in accordance with the provisions of the Companies and Allied Matters Act, 2004 with not less than 51% equity share held by Nigerians.'
Furthermore, the Guidelines for Farmout and Operation of Marginal Fields issued by the Presidential Adviser for Petroleum and Energy in 2001 defines the criteria for the nature of a company that may qualify to be awarded a marginal field as an 'indigenous company' which shall be a substantially Nigerian company,registered solely for exploration and production business.
It therefore seems that the key or central requirement for determining whether a company qualifies as ‘indigenous’ is registration under the Nigerian company law and with a majority or substantial amount of its equity held by Nigerians.
In practice, theimprecise definition of an 'indigenous company' impliesthat a company which is deemed acceptable and qualified to hold participating interests reserved for the Nigerian company can be deemed as being 'indigenous'.
In other words, there are plenty of legal loopholes on what classifies an 'indigenous' company which the AngloAmerican establishment can use to hide their continued interests and control of the Nigerian oil market behind black faces in high places.
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quote:Originally posted by Doug M: Anybody who has done any research into Nigeria knows that Nigerians own and control very little of their own industry and economy. The females you see are often benefiting from corrupt practices in many cases.
BLAH BLAH BLAH...:
You often come across like a malevolent sick dog unable to decipher reality from your sick fantasies and inferiority ridden complex.
Nigerians are known world-wide, for their industry, hardwork, wealth, intelligence and rich culture.
One of the most educated people in the world. High performers everywhere.
Our primary wealth is human resources. Intelligent, hardworking and inventive people.
A people whose IQ rivals and often exceeds the Japanese, that is Nigerians!
The most intelligent group of Africans one can find in any University in the western world that is Nigerians...
We are no push over like some of you!
Our wealth is not only in oil, we have agriculture, cause we feed the entire west Africa. We have banking and finance, cause we are the biggest investors in Africa.
We have solid minerals, high tech industries, shipping and infrastructural development firms.
Our record stands unchallenged.
We freed South Africa, Zimbabwe, Angolan, and Namibia.
Our army was physically involved in the race war that toppled the Portugese in Angola in 1974. It was Nigerian military and Cuban mecenaries that freed Angola.
Do you think that is a white controlled country?
Dog you malevolent unhappy obeah wizard dog, I would be happy to recommend a visit to Nigeria for you. I could find you a place to stay for free in luxury so you can rid yourself of that burdensome inferiority complex.
Posts: 7419 | From: North America | Registered: Mar 2009
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quote:Originally posted by Doug M: Anybody who has done any research into Nigeria knows that Nigerians own and control very little of their own industry and economy. The females you see are often benefiting from corrupt practices in many cases.
BLAH BLAH BLAH...:
You often come across like a malevolent sick dog unable to decipher reality from your sick fantasies and inferiority ridden complex.
Nigerians are known world-wide, for their industry, hardwork, wealth, intelligence and rich culture.
One of the most educated people in the world. High performers everywhere.
Our primary wealth is human resources. Intelligent, hardworking and inventive people.
A people whose IQ rivals and often exceeds the Japanese, that is Nigerians!
The most intelligent group of Africans one can find in any University in the western world that is Nigerians...
We are no push over like some of you!
Our wealth is not only in oil, we have agriculture, cause we feed the entire west Africa. We have banking and finance, cause we are the biggest investors in Africa.
We have solid minerals, high tech industries, shipping and infrastructural development firms.
Our record stands unchallenged.
We freed South Africa, Zimbabwe, Angolan, and Namibia.
Our army was physically involved in the race war that toppled the Portugese in Angola in 1974. It was Nigerian military and Cuban mecenaries that freed Angola.
Do you think that is a white controlled country?
Dog you malevolent unhappy obeah wizard dog, I would be happy to recommend a visit to Nigeria for you. I could find you a place to stay for free in luxury so you can rid yourself of that burdensome inferiority complex.
You are trying to say in a long rambling way that Nigerians control their oil industry. No they don't.
Unless you can show me wrong please don't respond to me. You talk about progress but you don't want to talk facts on the ground. Nigeria and most of Africa is still under the control economically of their former colonial masters. A few folks getting a job by these former masters does not represent change nor does a few so called 'middle class' jobs. That trickle down theory of Africans gradually getting a small percentage of the wealth that the colonial masters have been stealing from them is nonsense. Look at South Africa for a perfect example of that. But I bet you will tell us everything is great there.
Nigeria has been independent for how long and still doesn't have a properly functioning Nigerian owned oil refinery. The Dangote group just signed a contract with an INDIAN COMPANY to build a new oil refinery. Seriously? You mean the Nigerians don't have the home grown ability to build an oil refinery? That tells you that these stories you are promoting are fluff. If the Nigerians were so 'progressive' they would have specialized schools and programs across all levels of education to prepare engineers and technicians to build and operate their own oil infrastructure, along with everything else. But they don't.
quote: Nigerian conglomerate Dangote Group has officially entered an agreement with Engineers India Ltd. (EIL) for project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) for a grassroots refinery and polypropylene plant in Nigeria (OGJ Online, Nov. 25, 2013).
The contract, which was officially signed in early June, is valued at $139 million, says EIL.
EIL will provide project PMC and EPCM services for implementing the 400,000-b/d refinery and 600,000-tonne/year polypropylene plant in in Lekki Free Trade Zone near Lagos, Nigeria, EIL said.
Dangote Group earlier had planned to cite the refinery and petrochemical project in the free-trade zone of Nigeria’s Ogun state (OGJ Online, June 17, 2014).
The refinery project will include a crude distillation unit, single-train residual fluid catalytic cracking unit, diesel hydrotreating unit, continuous catalyst regeneration unit, alkylation unit, polypropylene unit, as well as utilities and off sites, including a captive power plant and associated infrastructure, according to EIL.
A single-point mooring terminal for crude oil and product handling also would be integrated with the refinery, EIL said.
The official solidification of the agreement with Dangote—which was first announced late last year (OGJ Online, Nov. 25, 2013)—makes this EIL’s largest ever single consultancy assignment, the company said.
The announcement of the EIL contract follows African Development Bank’s June 13 approval of a $300 million loan to Dangote Group for the construction and operation of both the greenfield petrochemical complex and a fertilizer manufacturing plant (OGJ Online, June 17, 2014).
Nigerians can't even force the international oil companies that are destroying the environment to pay for the damages, let alone share in any real money being made off oil....
quote: The law firm said the initial compensation offered to the entire community was as low as $6,000.
Leigh Day also said that Shell had pledged to clean up the Bodo Creek over the next few months.
Lawyer Martyn Day, who represents the claimants, said it was "deeply disappointing that Shell took six years to take this case seriously and to recognise the true extent of the damage these spills caused to the environment and to those who rely on it for their livelihood".
But he told the BBC that his clients were "absolutely delighted" with the deal that was struck.
"What they feel particularly pleased about is that the individual money is going to them personally. In Nigeria mostly what happens is that chiefs bring claims on behalf of the community, the chiefs then get the compensation and the individuals seem hardly ever to see much of it.
"So I think they're very pleased that we've been able to set up for them individual bank accounts."
quote: MONTAGNE: And, Ofeibea, give us firstly a thumbnail of what actually happened, the oil spill disaster that actually happened there.
QUIST-ARCTON: We are told that it's the worst oil spill ever suffered in Nigeria, and that was in 2008 in the Bodo community in the Niger Delta, Nigeria's oil-producing area. And we are told that these two oil spills destroyed thousands of acres, hectares of mangroves, of course the fish - fishing is the livelihood of the community. And Shell, we are told, first offered them a paltry, as they say, $10,000 - not even. Of course, the lawyers said no. The community said no because the environmental damage was so huge.
MONTAGNE: And that was $10,000 for the entire community. But what are they now settling on - quite a bit more money - right? - ad also to individuals affected by the spills?
QUIST-ARCTON: Considerably more, $83.5 million once they brought in lawyers from Britain, and this case has taken place in London. Up to $53 million is being given to 15,000 fishermen and farmers from the Bodo community, but they say that much more needs to be done to clean up. That is a priority. As well as the community in the Niger Delta, they feel that they have never benefited from oil. They need schools; they need hospitals; they need development.
MONTAGNE: So that cleanup you speak of that would affect, you know, the whole region, is that part of the settlement?
QUIST-ARCTON: Well, this is an ongoing battle with Shell. This one is for these two oil spills. But, Renee, this case in London may open the gates to other communities in Nigeria's Niger Delta also saying to Shell, you have devastated our environment. We want you to compensate us and in a meaningful way.
And this is just the latest of a long line of lawsuits against the oil industry in Nigeria that get held OUTSIDE of Nigeria because the government there is so corrupt.
There was the major settlement against Haliburton that took place in a U.S. court.
quote: Oilfield contractor Halliburton has agreed to pay Nigeria $35 million to settle bribery allegations that led to charges against former Vice President Dick Cheney and other executives, the company announced Tuesday.
Cheney, who was Halliburton's CEO in the 1990s, and nine others were charged with conspiracy and "distribution of gratification to public officials" in a long-running case involving the company and its Kellogg, Brown and Root subsidiary. Nigerian officials accused the company of paying bribes to secure $6 billion worth of contracts for a liquefied natural gas project in the Niger Delta.
"Pursuant to this agreement, all lawsuits and charges against KBR and Halliburton corporate entities and associated persons have been withdrawn," the company announced in a statement Tuesday evening. Nigerian officials agreed "not to bring any further criminal charges or civil claims against those entities or persons" in return, the company said.
The $35 million includes $2.5 million to pay legal fees and other expenses for the Nigerian government, Halliburton said.
There was no immediate comment from Nigerian officials to the news.
And this is the basis of most corruption across Africa as companies use their money to buy the results they desire.
The situation is so bad that you got a bunch of 'illegal' oil refineries because the Nigerian government is too corrupt to create a truly Nigerian run oil economy in Nigeria that creates and distributes petroleum products both in Nigeria and to other African nations. But currently all Nigeria does is extract the oil and share some profits with the majors but the major money is in refined downstream products which Nigeria does not participate in.
posted
^Lion, I don't understand why you don't want to acknowledge the problems, so that you can try to fight to correct them. Is this why Africa never advances, because Africans never admit their problems?
Quote: lawsuits against the oil industry in Nigeria that get held OUTSIDE of Nigeria because the government there is so corrupt.
I am outraged by that, yet Africans seem uninterested in putting those people in prison.
Seems that Africans will fight for anything Except: Honest government, Justice, and fair play.
Posts: 22721 | Registered: Oct 2005
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quote:Originally posted by Child Of The KING: Mike111 I agree that something is wrong about Nigerians allowing the courts outside of the country to decide for themselves these problem.
Demanding that corruption stop is a must.
BUT
to be Fair....Most people get there media from the west and not from the Africans, Asians etc. So what you hear is what the Euros WANT you to hear.
Find what Nigerians are saying about there country. Beware the agents though.
quote:Originally posted by Mike111: ^Perhaps you would be interested in the opinion of a Nigerian journalist.
quote:Originally posted by Mike111: ^Lion, I don't understand why you don't want to acknowledge the problems, so that you can try to fight to correct them. Is this why Africa never advances, because Africans never admit their problems?
Quote: lawsuits against the oil industry in Nigeria that get held OUTSIDE of Nigeria because the government there is so corrupt.
I am outraged by that, yet Africans seem uninterested in putting those people in prison.
Seems that Africans will fight for anything Except: Honest government, Justice, and fair play.
Mike, no country is perfect and to ask perfection from any African country is a sign of prejudice.
So, you give me a quote about lawsuits held outside Nigeria by private parties to prove what???
There are courts in Nigeria, just like every other country. Clients are free to choose their their most convenient forum to launch their law suits.
So what then is the problem there? Or are you so insistent on seeing problems where there are none?
Posts: 7419 | From: North America | Registered: Mar 2009
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quote:Originally posted by Doug M: Anybody who has done any research into Nigeria knows that Nigerians own and control very little of their own industry and economy. The females you see are often benefiting from corrupt practices in many cases.
BLAH BLAH BLAH...:
You often come across like a malevolent sick dog unable to decipher reality from your sick fantasies and inferiority ridden complex.
Nigerians are known world-wide, for their industry, hardwork, wealth, intelligence and rich culture.
One of the most educated people in the world. High performers everywhere.
Our primary wealth is human resources. Intelligent, hardworking and inventive people.
A people whose IQ rivals and often exceeds the Japanese, that is Nigerians!
The most intelligent group of Africans one can find in any University in the western world that is Nigerians...
We are no push over like some of you!
Our wealth is not only in oil, we have agriculture, cause we feed the entire west Africa. We have banking and finance, cause we are the biggest investors in Africa.
We have solid minerals, high tech industries, shipping and infrastructural development firms.
Our record stands unchallenged.
We freed South Africa, Zimbabwe, Angolan, and Namibia.
Our army was physically involved in the race war that toppled the Portugese in Angola in 1974. It was Nigerian military and Cuban mecenaries that freed Angola.
Do you think that is a white controlled country?
Dog you malevolent unhappy obeah wizard dog, I would be happy to recommend a visit to Nigeria for you. I could find you a place to stay for free in luxury so you can rid yourself of that burdensome inferiority complex.
You are trying to say in a long rambling way that Nigerians control their oil industry. No they don't.
Unless you can show me wrong please don't respond to me. ....
Malevolent dog
What do you mean by your question? All over the world, from Russia to Iran, from Saudi to Algeria, these few oil companies control the oil industry and they are: Shell Dutch Petroleum, Anglo Petroleum, Mobile (France) Petroleum, Texaco American. They are top of the line. If you dont know that then you are too ignorant to start an argument about oil industry.
Nigeria has a strong local oil industry like Russia, Iran, and Saudi. It used to be called the NNPC, Nigeria National Petroleum Company. Nigeria earns scores of Billions of Dollars from the oil industry going to the yearly revenue.
The government awards oil licneses to both local and foreign companies.
Nigeria has had an oil refinery since 1959, in Port Harcourt, Rivers State, as well as in Kaduna, Kaduna State.
Dog, go read a bit Muur before coming around me to bark like an unfortunate dog....
Voostek! Posts: 7419 | From: North America | Registered: Mar 2009
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quote:Originally posted by the lioness,: Only several hundred years ago Mike's ancestors were living in Africa
But now since he lives in America he thinks he's better than them
Come on now, Mike has told you several times that his roots are in Europe, so give him a break... Posts: 7419 | From: North America | Registered: Mar 2009
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posted
Clowns don't like facts because they want Africans to stay happy and docile on the bottom and not make a fuss. Token Negroes make them feel good about being on the bottom because it allows them to pretend EVERYBODY can make it just like those tokens. It is like saying that because America has Oprah Winfrey, African Americans must be doing great and are wealthy and prosperous overall. Of course it is nonsense but some people go for it....
quote: There aren’t many people who can raise enough money to build a $9 billion oil refinery in Nigeria. Fortunately, Aliko Dangote is one of them. His new project, when it gets off the ground, could revolutionise the Nigerian economy – and, for the first time, allow oil-rich Nigeria to stop importing all its petrol. By SIMON ALLISON.
Nigeria’s oil paradox is one familiar to many African countries, where an abundance of resources often swamps the ability to use these natural gifts effectively. Nations may have massive supplies of oil, iron or gold, but lack the infrastructure and industrial know-how to process or refine these resources. Out go the raw and rough commodities, loaded onto tankers, trucks and planes and exported to far-away shores; in come the refined and finished products—petrol, automobiles and jewellery—imported at a hefty premium.
In Nigeria, Africa’s largest oil producer, this paradox is especially pronounced. Nigeria has copious amounts of crude oil. According to the latest available data from OPEC, it produced 1.95m barrels a day (b/d) in 2012, still far less than Saudi Arabia, the world’s largest producer, which pumps out 11.7m b/d. Angola is Africa’s second-largest producer, with 1.5m b/d.
Despite the overflowing crude, Nigeria is also the second-largest importer of refined petroleum products in Africa, behind only South Africa, which has little oil or natural gas of its own. Every day on average 350,700 barrels of gasoline, diesel and related products are shipped in to Nigeria, according to OPEC figures.
This is an expensive paradox. By the time transport and external refinery costs are counted, the Nigerian government spends hundreds of billions of naira in subsidies to keep prices at the pumps reasonable. It was 888 billion naira ($5.5 billion) in 2012. This year the federal government has budgeted 971 billion naira ($6 billion). Concerned that this kind of spending is unsustainable, the government has occasionally flirted with decreasing the subsidy or removing it entirely. These plans, however, remain enormously unpopular among Nigerians, who see relatively cheap petrol as the major benefit of living in an oil-producing country. Who can blame them? There is little else to show for all that oil wealth. After the subsidy was suspended in January 2013, mass protests around Nigeria forced the government to reinstate it.
The obvious solution is for Nigeria to refine its own crude oil. Stripped of transport costs and import duties, the petrol price would surely decrease, allowing government to eventually remove the subsidy altogether.
The Nigerian government has tried this solution too. It failed, miserably. With all systems go, the three refineries owned and operated by the state in southern Nigeria’s Port Harcourt and Warri, and Kaduna in the north-west, could be refining 445,000 b/d, which is more than enough to cover Nigeria’s daily needs. It would even allow the country to enter the lucrative business of exporting refined petroleum.
This capacity, however, exists only on paper. In practice, a nasty combination of corruption, bureaucracy, inefficiency and chronic disrepair has left the various state-owned refineries operating at just 18% capacity— hence the shortfall that must be made up by imports.
Fortunately for Nigeria, this absurd situation could be about to change, thanks to Africa’s richest man, 56-year-old Nigerian businessman Aliko Dangote. With his sprawling concrete and construction empire, Dangote knows better than most that there is profit to be found in paradox. Moreover, he holds the skills, assets and reputation to make it happen. Dangote announced plans in April 2013 to build a new oil refinery in the Olokola Liquefied Natural Gas Free Trade Zone on the Gulf of Guinea coast near Lagos. The refinery, which Dangote hopes to complete by 2016, will cost an estimated $9 billion and produce around 400,000 b/d of petroleum products, comfortably meeting Nigeria’s total demand. At the same time, it will 'change the economic and industrial landscape of Nigeria', according to Doyin Okupe, a special assistant to Nigerian President Goodluck Jonathan.
Engineers India Ltd (EIL) has won its largest ever consultancy contract for a 20 million tonne oil refinery in Nigeria.
The state-owned firm won a $139 million contract from Nigerian company Dangote Group to provide services for a refinery and polypropylene plant.
"Engineers India has formally entered into a contract with Dangote Oil Refining Company of Nigeria to render project management consultancy (PMC) and engineering procurement and construction management (EPCM) services for implementing a grassroot 400,000 barrels per day refinery and 600,000 tons polypropylene plant in Lekki Free Trade Zone near Lagos," the company said.
This is the largest ever single consultancy assignment for Engineers India.
Set up in 1965 with the mandate of providing indigenous technology solutions across the hydrocarbon value chain, Engineers India has diversified into mining and metallurgy, fertiliser, power and infrastructure sectors.
It is now targeting overseas markets, especially in the Middle-East, Africa and South East Asia.
Now if India can have programs to develop indigenous companies why the hell can't Africa with almost 1 billion damn people?
quote: The Nigerian National Petroleum Corporation, NNPC, has put the combined average capacity utilisation of Nigeria’s four refineries at 25.95 per cent.
According to data from the NNPC’s December 2013 Monthly Petroleum Information, this is a significant improvement from the 6.46 per cent average capacity utilisation of the refineries in November 2013, and a slight decline from the 30.87 per cent utilisation year on year to December 2012.
quote: India’s biggest refining and oil marketing company, Indian Oil Corporation (IOC), may consider taking up modernisation of existing refineries in Nigeria subject to allocation of equivalent oil equity in producing blocks with substantial recoverable reserves in its favour. As Nigeria is a major oil producer and India’s oil security is on priority, it would be a win-win for both the nations.
The quantum of investment would be in direct proportion to the oil equity. Moreover, investment in the refining sector will be made out of the revenues generated from the oil equity in producing blocks and also when a favorable business atmosphere comes back to Nigeria along with attractive government policy matters, an official privy to the development told FE.
Nigerian National Petroleum Corporation (NNPC) has four refineries, two in Port Harcourt (PHRC) and one each in Kaduna (KRPC) and Warri (WRPC). The refineries have a combined installed capacity of 445,000 barrels-per-day (bpd). As a result of poor maintenance, theft and fire, none of these refineries have ever been fully operational. In recent years, these refineries have often operated at their lowest levels of just 30% of capacity. New refineries have been planned for several years now, but lack of financing has caused several delays.
When contacted, an IOC spokesperson denied any immediate discussion around developing the downstream sector in Nigeria, but said that since the African country was hydrocarbon-rich, based on the techno commercial viability, developing downstream proposals could be considered subject to allocation of producing or developed oil blocks having substantial hydrocarbon potential.
quote: his house took four years to build and they only just moved in three weeks ago. The housekeeping is being done by five house keepers,one of which is a Philippine woman.
His Ex Con Link Okwudili Umenyiora, having allegedly turned jailhouse informant, gets released from federal prison on March 9th 2006. According to the Baldwin County, Alabama Corrections Center database, he gets re-arrested the same day and later released, but then the official trail goes cold, and the site lists him status as being that of a ‘Fugitive From Justice’.
Some US federal cases are sealed away from public view and decisions are made which you can’t question… That was simply the case of Mr Dili
In the bank fraud case, Adrian Chike Okakpu and Okwudili Umenyiora pleaded guilty to stealing commercial checks, altering the payee lines, then recruiting people in the Mobile area to cash the checks. Assistant U.S. Attorney Michel Nicrosi told Senior U.S. District Judge Charles Butler Jr. that the men have cooperated with investigators and therefore deserved shorter prison sentences than called for under advisory sentencing guidelines. Butler allowed her to detail her recommendation outside of the earshot of courtroom spectators.
Please stop stop spamming my post with those irrelevant links. You can at least make your point succinctly if you had any original thought.
Rambling about oil industry when you know not about the seven sisters (BP, Texaco and co) really showed me your level of ignorance.
Continuing to rant about why an Indian company is helping build a private oil refinery in Nigeria also demonstrates your lack of objectivity.
Hello, have you never heard of international projects, finance and collaboration?
Holy Moly, your brain is poo poo, Dog. You lack analytical prowess.
After teaching you how wrong you were in assuming that Dangote was the first oil refinery in Nigeria, you are left with spamming half baked information about the state of the older oil refineries.
Well, at least now you know who controls Nigerian oil, even if you accuse them of inefficiency.
It is the same black people that you try to disrespect with your half ass tears.
An you know who taught you that lesson -- IronLion! Be thankful.
Dog, go do proper research before coming here to bark pathetically.
You impress noone, and embarrass noone but yourself when you try to show off.
quote: Dog you malevolent unhappy obeah wizard dog, I would be happy to recommend a visit to Nigeria for you.
I could find you a place to stay for free in luxury so you can rid yourself of that burdensome inferiority complex.
Vostek kwerekwere, vostek!
Posts: 7419 | From: North America | Registered: Mar 2009
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quote:Originally posted by IronLion: Malevolent Dog Rambling about oil industry when you know not about the seven sisters (BP, Texaco and co) really showed me your level of ignorance.
Actually you have not proven me wrong yet. Trying to spin the seven sisters as if they somehow are benefiting Nigerians when they aren't. You are the ignorant one playing dumb mind games with the truth. Yes. I also do know what international means and I also know what African means. International is not a substitute for Africans. And when you have African companies doing major business in non African countries without getting run out of the country, then we can talk about the wonders of 'international' projects. But for right now Africa is all Africans got.
And yes, I will spam more information since you are so ignorant of basic facts. Here is some intertnational racism you seem to pretend doesn't exist:
quote: India is a racist country in every sense of the term. We discriminate not only against foreigners (god help those who have darker skin tones) but even our own. Ask a woman from the North-East about the reception she gets when she negotiates the streets of Delhi — supposedly a cosmopolitan city — and you will know that Article 14 of the Constitution, which deals with the Right to Equality, doesn’t exist in many parts of the Capital. The latest example of such uncouth and parochial behaviour was on full public display in the Delhi Metro recently: Three African men were thrashed by an angry mob inside the Rajiv Chowk metro station, one of the busiest in the urban transport network, after a woman allegedly complained that the trio had passed some lewd remarks at her. However, she did not register a complaint with the police.
In any civilised nation, such an allegation would have led to only one reaction: The accused would have been taken to the police, a complaint would have been registered and then the law would have been allowed to take its own course. In Delhi, of course, the rules of the game are different, as the mobile camera footage of the incident clearly shows: The three men were cornered (just like it is done when a wild animal strays into a city) and attacked with whatever the mob could lay their hands on. In the mobile footage, which is available on YouTube, the hooligans could be seen jeering at the defenceless trio, who were inside a Delhi Police booth. People were egging on the attackers and shouting ‘Bharat Mata Ki Jai’. However, no Delhi Police or Central Industrial Security Force personnel, who are in charge of the Delhi Metro’s security, were available to save the three. By attacking the foreigners and not allowing the police to do their duty, the self-styled custodians of the law have only shamed the ‘Bharat’ they are so keen to represent and defend against ‘outsiders’.
However, when Indians are at the receiving end of aggressive racism outside the country, we are the first ones to cry hoarse about such ugly behaviour being meted out to our citizens. When actor Shah Rukh Khan was frisked by the US immigration authorities, we called it racial profiling, and the incident almost led to a diplomatic crisis. A couple of years ago, when Indian students were beaten up in Australia, we went ballistic about how cruel Australian society is. There were several calls for diplomatic ostracism and a boycott of Australian universities. But do we really have any moral authority to demand such behaviour from others when we are so unabashedly racist?
quote: One African student , who was severely beaten up and left on the roadside in Jalandhar, is still lying in a coma in a hospital in Patiala.
According to reports, Yannick Nihangaza, while walking to a party in Jalandhar on April 22, was attacked and stoned, severely beaten and left on the roadside. Strangers later admitted him to a hospital in an unconscious state of mind. The Jalandhar police arrested two persons in this connecion while others are still missing.
Yannick Nihangaza, 23, was enrolled as a student of B.Sc. Computers, First Year, at the Lovely Professional University.
Yannick's father wrote a letter to Chief Minister Parkash Singh Badal twice, asking for help. He pleaded that those who irreversibly damaged his son's brain with their repeated beatings to be punished. He also sought the state government's help to fly Yannick back to Burundi, and pay for the medical attention he is likely to need for the rest of his life.
So Indians can go to Africa and kick black people's behinds, and if Africans go to India they kick black people's behinds. Yeah. Thats international all right. But we all know these clowns simply follow white folks wherever white folks conquer, they are happy to go because they are such loyal lackeys.
quote: Durban: A race row has broken out in South Africa after Indian-origin students took eight of the top ten positions in the matriculation results in KwaZulu-Natal, a province where two-third of country's Indian population live.
After the top students were announced by the provincial education authorities, allegations of the Indian students having been favoured began surfacing on social media, but were dismissed by leading academicians.
Comments on Facebook which were labelled as "racist" by many included one which read: "Black teachers please do some thing for a true indigenous black child (not) one that originates far from the east (sic)."
Another message said Indian students also performed better at university level: "the majority of students who graduated were Indians, (this) needs to be investigated."
Several more messages of a similar nature were countered by one which said: "Could it be that Indians have inculcated a culture of learning which we have not? We need to be honest with ourselves and stop pointing fingers. Well done to them."
Although about two-third of South Africa's Indian-origin population lives in KwaZulu-Natal province, they make up only 9.4 per cent of the total population of the province, where 82 per cent are indigenous Africans. The Indian community in South Africa has a literacy rate of 100 per cent.
Professor Labby Ramrathan of the School of Education at the University of KwaZulu-Natal said: "Over many years Indians have featured quite prominently among the top performers."
"Traditionally there is a focus on education by Indian parents who feel it is a way to prosperity, so they invest a lot in the educational needs of their children," Ramrathan told the weekly Post, which highlighted the achievements of the top Indian students in a special edition.
"Secondly, there is a realisation that if (Indian) students don't perform well, it is unlikely they will get into the course they want (at university), perhaps due to the quota system, so this prompts them to work harder to be at the top of their game," Ramrathan said.
There has been great discontent within the Indian community in recent years about alleged sidelining of highly-qualified graduates in favour of Black African applicants for jobs under the quota scheme, despite Indians also having been discriminated against during the apartheid era.
Historians have written extensively about how the first Indian migrants in 1860, who arrived to sugarcane farm as labourers, and their descendants placed a huge premium on education to better the lives of future generations, contributing towards building their own schools.
Indians were forced into South Africa as servants for the British, the same as they were in many British colonies, yet to here them tell it, the Africans OWE them something. Lol. And Ghandi was a racist himself who only cared about being close to the whites and not about blacks at all....
quote: Why did Mohandas Karamchand Gandhi, a briefless lawyer from Bombay, have to go to distant South Africa in search of work on April 13, 1893? Why, even though his contract required him to stay for only one year, did he end up spending two decades there, returning to Bombay on January 9, 1915, exactly a century ago? The only satisfactory explanation, if we consider how South Africa transformed Gandhiji and steeled him for the epic role he would subsequently play, not only in India’s freedom struggle but also in the life of the modern world, is that destiny had willed it.[/Quota] http://indianexpress.com/article/opinion/columns/thank-you-south-africa/
[Quote] Gandhi Behind the Mask of Divinity is a book by US Army Colonel G. B. Singh. The book was written in biographical form nearly 60 years after the assassination of Mohandas Karamchand Gandhi, and challenges his image as a saintly, benevolent and non-violent leader of Indian independence, told through Gandhi's own writings and actions over the course of his life. The book claims that Gandhi emulated racism from the Hindu ideology of caste towards the Blacks of South Africa and the Untouchables, instigated ethnic hatred against foreign communities, and, to this end, was involved in covering up the killing of American engineer William Francis Doherty. ... The second part deals with Gandhi's alleged role in War against Blacks during the Bambatha Rebellion (Zulu war) followed by part 3 of the book in which the author talks about the methodology of Satyagraha used by Gandhi to uphold the status of Indians by preaching racial hatred and segregation against South African Blacks. Later parts 4, and 5 consider Gandhi's politics before and after the Boer War in South Africa, providing examples of what the author sees as racism from Gandhi towards blacks. Singh states that racism against Blacks of South Africa was an integral part of Gandhi's Satyagraha in South Africa, and he never fought for the rights of the native people. Singh further discusses how Gandhi actively encouraged the British to raise an Indian regiment for use against the Black Zulus, contrary to his image of a non-violent leader. The author also says that Gandhi had accepted the superiority and predominance of the white race, and believed that the upper-caste Indians shared with the Europeans a common Aryan heritage.
quote:Originally posted by the lioness,: Only several hundred years ago Mike's ancestors were living in Africa
But now since he lives in America he thinks he's better than them
Come on now, Mike has told you several times that his roots are in Europe, so give him a break...
\
People assume this
yet it is false
He has stated he has ancestry in the Middle East and as for having any roots in Europe or Africa he has stated he doesn't know. (and obviously doesn't want to know)
Don't go by our extensive dossier, ask Mike yourself
Posts: 42930 | From: , | Registered: Jan 2010
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quote:Originally posted by IronLion: [qb] Malevolent Dog Rambling about oil industry when you know not about the seven sisters (BP, Texaco and co) really showed me your level of ignorance.
...
...
quote: One African student , who was severely beaten up and left on the roadside in Jalandhar, is still lying in a coma in a hospital in Patiala.
According to reports, Yannick Nihangaza, while walking to a party in Jalandhar on April 22, was attacked and stoned, severely beaten and left on the roadside. ....
Blah..blah... Yannick back to Burundi, and pay for the medical attention he is likely to need for the rest of his life.
HE Asoju-Oba of Lagos, Chief Molade Okoya-Thomas, is dead.
Aged 79, he died on Monday, according to the announcement by the Nigerian Table Tennis Federation.
He was the sponsor of the annual Asoju Oba of Lagos Table Tennis Championship.
The late Chief Okoya-Thomas, an accountant and industrialist par excellence, was born on June 8, 1935 in Lagos.
He had his early education, both the primary and secondary, at Princess School, Lagos (1942-1946) and Baptist Academy, Lagos (1956-1956) respectively, before proceeding to the Balham and Tooting College of Commerce, London, between 1956 and 1959.
In 1981, he studied at the Columbia University, in the United States of America.
The late Okoya-Thomas started work as an accountant at CFAO, Lagos, upon his return to Nigeria, before rising to become the director of the company in 1975, as well as the chairman in 1987.
He was also a director in several other business organisations like Transcorp, Nigerian Motors Industries Limited, Nigex Limited, Commercial Bank (Credit Lyonnais) Nigeria, Studio Press Nigeria Limited, among others.
The late Okoya-Thomas was also a member of many development organisations and Chambers of Commerce.
Okoya-Thomas, a philanthropist of note, was an ardent lover of sports, and he promoted several sports, especially table tennis and lawn tennis, which were his hobbies, with his resources.
Okoya-Thomas held different traditional titles, including the Asoju Oba of Lagos, Odofin of Ile-Ife, Babasuwa of Remoland, among others.
He also held the Member of the Federal Republic (MFR), a national honour given to outstanding people in the country.
Jonathan, Atiku mourn
President Goodluck Jonathan, on Monday, said he received with immense sadness, news of the passing away of one Nigeria’s leading entrepreneurs, Chief Okoya-Thomas.
According to a statement issued by the Special Adviser to the President on Media and Publicity, Dr Reuben Abati, in Abuja, Jonathan extended sincere condolences to members of Chief Okoya-Thomas’ family, as well as his friends, associates, business partners within and outside Nigeria, and the people of Lagos.
President Jonathan urged members of the family and all others who mourn the successful businessman to be comforted by the knowledge that he lived a worthy and fulfilled life and left a legacy of great entrepreneurial achievements for his successors to build on.
Former Vice President Atiku Abubakar, on Monday, mourned the demise of the foremost industrialist, saying the death was a huge blow to the community of Nigeria’s businessmen.
Atiku, in a press statement made available to newsmen in Abuja by his media office, noted that the late Okoya-Thomas was a visionary and astute businessman, whose contribution to Nigeria’s private sector economy would remain indelible.
According to Atiku, “although the late Okoya-Thomas left the stage at a prime age of 79, his death nonetheless is a huge blow to the community of businessmen in Nigeria.”
From edition.cnn.com - January 6, 2:15 PM “Nigerian billionaire Tony Elumelu has pledged $100 million to support 10,000 entrepreneurs throughout Africa.”
Posts: 7419 | From: North America | Registered: Mar 2009
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posted
And still you haven't proven anything I said wrong. Nigeria does have state owned oil refineries, but they are in a sorry state of disrepair often operating at far less than full capacity. And even though Aliko Dangote is a Billionaire invested in the construction trades sector, he is not able to build his own oil refineries or invest in creating the capacity to do so for himself. Yet India, also a third world country, is able to do so, even though they are not even on the list of the top 20 oil producing countries. So, yes, even though there are good things going on, there is still a long way to go.
quote: The slump in oil prices, the consequent devaluation of the naira and the downturn in the capital market have seen Africa’s richest man, Alhaji Aliko Dangote, lose half of his fortune, according to the latest ranking by Bloomberg Billionaires.
Dangote, who is the President, Dangote Group, is ranked 83rd by Bloomberg Billionaires on the list of the globe’s richest people, with his net worth estimated at $12.8bn.
This indicates that the billionaire, who was estimated by Forbes Magazine to be worth $25bn in February last year, has now lost $12.2bn to the economic headwinds.
On December 23, 2014, Forbes had reported that Dangote had lost more than more than $7.8bn of his estimated $25bn fortune between February and December.
An exclusive report by our correspondent in January showed that the New Year did not bring better tidings for the billionaire as the naira continued to slide and the stock market, which closed 2014 with a negative return of 16.14 per cent, recorded its worst start to a year, falling by 13 per cent in a week.
In the first three weeks of the year, the report found that Dangote Cement Plc, the billionaires largest enterprise and the most capitalised company on the Nigerian Stock Exchange had lost N750bn or 22 per cent of its market capitalisation.
With up to 91 per cent stake in Dangote Cement, Dangote bore an estimated N682.5bn of the N750bn loss.
quote:Originally posted by Doug M: And still you haven't proven anything I said wrong. Nigeria does have state owned oil refineries, but they are in a sorry state of disrepair often operating at far less than full capacity. And even though Aliko Dangote is a Billionaire invested in the construction trades sector, he is not able to build his own oil refineries or invest in creating the capacity to do so for himself. Yet India, also a third world country, is able to do so, ...blah ...blah...blah...
Changing the air...
Do you know this man?
He is not an Indian
He is Muurich!
From edition.cnn.com - January 6, 2:15 PM “Nigerian billionaire Tony Elumelu has pledged $100 million to support 10,000 entrepreneurs throughout Africa." Posts: 7419 | From: North America | Registered: Mar 2009
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posted
^^Above I just posted information about Tony Elumelu the Nigerian Billonaire who has set aside $100 million to support 10,000 young entrepreneurs in Africa.
You see this and you still making those types of comments?
-------------------- Lionz Posts: 7419 | From: North America | Registered: Mar 2009
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Chief CJ Muonagolu is the Executive Chairman of Richbon Group, an indigenous company engaged in importation and assembly of automobile and construction equipment. Just recently, his company in alliance with its Chinese technical partners signed a $40million Memorandum of Understanding with the Anambra State government for the establishment of a Nigerian assembly plant that would manufacture agricultural machineries, construction equipment and mass transit buses as part of strategies to deepen Nigeria’s industrialization process.
In this interview with Daily Sun, Muonagolu explained the benefits of the project, pointing out it would create over 6000 direct and indirect jobs while boosting Anambra state’s internally generated revenue among other advantages.
Richbon started like every other Nigerian business because sometimes you may not know what to say, but suffice it to say that God has been so wonderful to us. For instance, the remarkable event that is taking place today is indeed my vision from childhood when I was dreaming of manufacturing an aero plane thinking as a child.
But today it is not coming as an aero plane but something close to it. Richbon Group started by importing completely built units of trucks and trailers and by 2000 we moved into construction equipment.
From thatpoint we got the dealership of SINO Trucks which we expanded further to get the franchise of XGMA construction equipment which is rated 3rd best quality construction equipment manufacturer in the world. That has taken us to the height you are seeing today and we give all glory to God.
Why we signed MoU with Anambra Govt
My vision is never to continue thriving on the completely built unit. We decided to sign this Memorandum of Understanding with the Anambra state government because from inception of my career I have always wanted to create employment for our youths to complement what the state and Federal Governments have been doing.
But I can also say here that we have received quite some impetus in that direction from both the Federal Government and the state governments in our effort to achieve this objective, hence the fresh challenge for us to go back, re-strategise and talk to our partners to bring the assembly plant down here so that it can help our people create jobs and support our industrialisation process.
Today you can see we are one of the first to capitalise on that opportunity to help our economy create more jobs. That is also why we boldly told our partners that the tune of the business is changing in our environment hence it is no longer going to be business as usual. We told them that we need to start doing something like assembly plant here and we are happy they did not hesitate to approve of the request considering our strength and role in the market. However, having agreed that this is feasible, we looked round to see where we can set up this industry and we penciled down some states and Anambra came tops.
As a matter of fact what made Anambra to emerge as a preferred destination for us to begin establishment of this assembly plant is the government’s four point agenda for development and its aggressiveness in tackling the security threat in the state. It is so exciting that up until 11pm yesterday we were still in an office holding meetings and I was impressed that things have really changed in the state.
Back in those days of insecurity, no one could have contemplated that because as early as 6pm everybody would have gone to bed for fear of kidnappers and robbers. But to the glory of God that things are changing fast here courtesy of the Willy Obiano led government.
Roll out of assembly products after MoU
Oh, sure immediately after this MoU, we will impress it on the governor to inaugurate a five -man action committee to ensure we take possession of the property allocated to us so that we can start work immediately. We are going to produce made -in -Nigeria construction equipment which would be the first in Africa in the next 18 months from the day of the MoU.
Partnering China instead of EU, USA
The Chinese were willing to invest in Nigeria because when we spoke to our partners they agreed with our proposal. Even before we agreed to partner with the Chinese partners, we took time to look at the quality of their products and we were convinced that they were worth dealing with. For instance, XGMA is a global brand and when we say they are third best in the world, we are sure of their standards. I don’t whether you know the number of construction equipment manufacturers in the world today. In china alone they are more than 500 companies that are manufacturing construction equipment. In USA and Europe, they are more. So, if XGMA comes third in the world, then there is every need to partner it. In terms of quality there is no reason we cannot give it a thought especially as they are willing to also invest in Nigeria.
Project cost
The value of the project is about $40million and the Anambra state government through Anambra State Investment Promotion and Protection Agency ( ANSIPPA )has been very wonderful in its support to the project. We want to thank the managing director, Chief Joe Billy Ekwunife, and his team for their support for being a responsive agency. The inauguration of that agency has made it possible for what usually takes years to achieve to be accomplished in weeks. It is wonderful. This MoU would have been signed in December but because I was out of the country and that shows you how efficiency ANSIPPA has been in facilitating industrialization of the state.
Our product
We will be assembling XGMA construction equipment and Sedan trucks and buses and these products will be made in Nigeria and sold at affordable prices. The quality will be top class and the status rights would be guaranteed in the sense that if you are not satisfied with our products, we advise you bring it back to us and you will be compensated. The same standard of our partners will be on all our products and the next stage of the project after the MoU will be for all our technical partners to demonstrate the quality control and all that will be streamlined.
Power supply
You can see that the government of President Goodluck Jonathan is tackling the issue of power supply and the Anambra state government is giving it top priority. However, we are also making alternative arrangement on how we can power our factory when we begin production.
Employment
We will employ between 1000 and 1500, immediately after commencement. But by the time we go into full production we will be creating employment for about 3500 to 5000.
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