Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,125 members, 7,957,223 topics. Date: Tuesday, 24 September 2024 at 09:24 AM |
Nairaland Forum / Nairaland / General / Business / (pic) See Why Nigeria Is Broke (47577 Views)
6 Money Myths That Has Left So Many Nigerians Broke / Tired Of Being Broke? See An Opportunity Many Nigerians Have Overlooked / 5 Reasons Why Nigeria Lost Its Place As Africa’s Largest Economy (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: (pic) See Why Nigeria Is Broke by Nobody: 1:32pm On Feb 18, 2016 |
tutorng:You are very correct. It is the layman's understanding of the state of affairs of the country. The basic problem with our leaders is short sightedness. They tend to forget the importance of strategy and planning. 1 Like |
Re: (pic) See Why Nigeria Is Broke by tomdon(m): 1:32pm On Feb 18, 2016 |
kilokeys: why don't the hunter employ his folks, and pay them can't he buy the condiments himself where's the fun nonsense coming from? it doesn't relate to the illustration |
Re: (pic) See Why Nigeria Is Broke by Boyooosa(m): 1:33pm On Feb 18, 2016 |
kilokeys:Nice comment bro. But u for use 2nd page na, make the op enjoy followership small |
Re: (pic) See Why Nigeria Is Broke by Nobody: 1:34pm On Feb 18, 2016 |
Baawaa:Childish? Really? Pray for comprehension 2 Likes |
Re: (pic) See Why Nigeria Is Broke by LordAdam: 1:39pm On Feb 18, 2016 |
tonyfrenzy: Read where I said "We need to change how the society operates. If not, things will remain the same." I applaud the anti-corruption fight. Still, it is only addressing a symptom, not a problem. Which is why the effects are slow and there is much opposition to it. Look at the #BudgetofYams/#Budgetgate. To evade the anti-corruption fight, all you have to do is become an APC member. Tomorrow, if another party comes into power, those in previous PDP and APC governments that stole will switch parties to the party in power and their slates will be wiped clean. It is vicious circle, where the money looted by a few individuals are recovered and looted again by a few individuals. The phantom recovered looted funds that PMB and Adeosun are hiding from the public were meant to fund this budget where Aso Rock pays rent and building a website is meant to gulp more than 700 million naira. Politicians can always float new parties and the wealthy can always redirect their black money to fund these new parties. In the end, the new party demonizes the old party and reward the same wealthy cabal with inflated budgets, contracts, and initiatives. Who loses and who gains? Nothing changes! -Lord |
Re: (pic) See Why Nigeria Is Broke by zurine(f): 1:39pm On Feb 18, 2016 |
hmm |
Re: (pic) See Why Nigeria Is Broke by pacino26(m): 1:43pm On Feb 18, 2016 |
samx4real: Yea true, but the cost of change. Especially proactive planning can be very expensive. Case study; I hail from one of the privileged towns in Enugu where a thing man can make two million selling a plot or less with more property lying in waste. Since August 2015 after series of talks before then I had to retire early from my active job to organise and set up a youth progressive. It is still a work in progress, months down the line I am still dealing with elections and inauguration. I have a youth empowerment scheme in place projected at having 30persons trained in six months with more on various start up businesses. From experience it had not been easy implementing this change but then in ten yrs time I'll have an average of 30 independent millionaires ages within 40yrs. That's planning and not waiting till they all exhaust their properties. Nigeria as a country politically have been left to bureaucrats and ignorant autocrats the real technocrats are sidelined in policy making and decision taking so the events of today represents a culmination of all past errors. I'll wake up the youths someday. |
Re: (pic) See Why Nigeria Is Broke by eROCK247(m): 1:43pm On Feb 18, 2016 |
No one will sell an antelope for 10,000 in this country o! But I get your drift. Our people have this mentality of "politics=looting". And there seems to be no need for a long term investment, no one wants to build a refinery and watch his successor take d glory. Naija's problem is quite complicated. |
Re: (pic) See Why Nigeria Is Broke by 93RD(m): 1:43pm On Feb 18, 2016 |
To all of you trying so hard to oppose the OP just to make a point, i think you guys really don't get the point.... THE HUNTER COULD HAVE SAVED MORE MONEY, AND STILL ENJOY MORE OF THE PEPPER SOUP HAD HE PREPARED IT HIMSELF... that's all.. In this case, the hunter is Nigeria, and the business woman is the people we take our crude to. Someone mentioned that the hunter made more profit (no offence but you need to read more, do an enrollment in business management, Economics, Mathematics) except you are just joking around. *considering the fact that the woman spent 1000 naira buying the game, and sold for far more than what she paid for even if she paid her workers(lets assume she has some handful) she has at least made a profit and increased her own economy , and her workers has also benefitted. Now if the hunter had done it himself, he would have bought spices from people around him(friends, family, etc), employed his friends or children to work with him, ate more and also make a little profit by selling a part of it to outsiders. Looking at the brighter side, he would have enriched his close relations while adding a few more penny to his pocket. If Nigeria had built some more refineries in addition to the existing ones, who will be employed and benefitted if not more Nigerians? If it is done, you will successfully distribute the wealth amongst Nigerians and still have more for the country while selling the remnant to outsiders. That way you have succeeded in growing the economy while ending scarcity. And lastly like i always tell my friends, the problem with Nigeria is none other than our Full time Politicians who besides getting rich at the expense of the ordinary citizens, will continue to make things hard by creating policies that will only continue to put food on their table. 1 Like |
Re: (pic) See Why Nigeria Is Broke by tosyne2much(m): 1:43pm On Feb 18, 2016 |
tutorng:Seconded ! |
Re: (pic) See Why Nigeria Is Broke by arsenal33: 1:48pm On Feb 18, 2016 |
Baawaa:That is how cynics and critics like you can understand it |
Re: (pic) See Why Nigeria Is Broke by moshino(m): 1:48pm On Feb 18, 2016 |
NwaAdazi: Your analysis is soooo lame and ignorant. What is the cost of Mama Ngozi's time to prepare the raw meat into delicious peppersoup, what is the cost of the ingredients, what is the cost of her renting her restaurant/buka, what is her labour cost, what is the opportunity cost of her time and efforts? Or did the raw animal killed by the hunter magically turn into delicious peppersoup in thin air? |
Re: (pic) See Why Nigeria Is Broke by Folksyharry(m): 2:03pm On Feb 18, 2016 |
pacino26: the bolded part is really painful and annoying. See a news about IPMAN officials wanting to build refineries but the FG is yet to give the right policies to help them start. https://www.nairaland.com/2939494/govts-lack-policy-direction-stalls |
Re: (pic) See Why Nigeria Is Broke by abbey621(m): 2:06pm On Feb 18, 2016 |
moshino: Stop calling people names and see the bigger picture. Even if mama Ngozi made just 2500 it is still a 150% profit meaning it's still a bad deal. I don't know why we love sentiments and technicalities in this country, we are so blind to simplicity and saying the truth that we try to convince ourselves we are some type of 'know it all'! Nigeria as a whole is broke but we have more wealthy folks than the whole of Africa combined. 1 Like |
Re: (pic) See Why Nigeria Is Broke by pacino26(m): 2:14pm On Feb 18, 2016 |
moshino: In the analysis as given by the Op and seconded by your swift irrational criticism we can deduce logically that mama Ngozi got a lot going for her; shop, workers, equipment etc. In translation we can have our youths employed, have our refineries working, other business tied to crude oil flourishing and above all function all yr round. Mama Ngozi has a job and feeds her family from it. That is the msg. Her costs of production as translated to our economy represents indirect opportunities tied to one major activity; hunting or crude oil exploitation. 1 Like |
Re: (pic) See Why Nigeria Is Broke by DeRay98(m): 2:17pm On Feb 18, 2016 |
[quote author=kilokeys post=43027800]He used 30 naira bullet to kill that animal he sold for 1000 naira.. Thats a better profit margin And u didn't consider other condiments she used, the staff she has to pay, cooking fuel, shop rent, taxes and other miscellaneous... Most importantly, nothing is better than beer and peppersoup.. U can't quantify fun in terms of cash my bro.. But we If digress If postulate on the hunters' work from the story, you forgot to calculate the nos of hours the hunter walked in forest, the risk of walking in the midst of wild animals where he could easily have become the hunted. if he hunted at night, he used night hunting light which cost him some money buy, recharge and maintain. Then profit margin drops. Of course, this is not the morale of the story just a digression. |
Re: (pic) See Why Nigeria Is Broke by Nobody: 2:24pm On Feb 18, 2016 |
LordAdam: Then we need God. We hope for the BEST while expecting the WORST. |
Re: (pic) See Why Nigeria Is Broke by OpinionCounts(m): 2:26pm On Feb 18, 2016 |
Ok guys, to establish an undisputable fact, if the hunter and the lady represent the presidents of two different countries and the bush meat is the hunters natural resource while the service skill is the ladies natural resource, with the way they are both managing their natural resource,on the long run which country do u think will flourish and develop more effeciently (consider financially, skill development, job opportuinity, security, food availability etc) than the other, and which country will u prefer to be in. Click Like for the ladies country and share for the hunters country. |
Re: (pic) See Why Nigeria Is Broke by Danpotter(m): 2:28pm On Feb 18, 2016 |
That's y those British menace don't want Nigeria splitted, because biafrans are so technical to those thrash themselves. But perceived greed and power is keeping it behind |
Re: (pic) See Why Nigeria Is Broke by LordAdam: 2:32pm On Feb 18, 2016 |
tonyfrenzy: We don't need God. We need to make tough decisions, starting with adopting true federalism. God did not help Malaysia, Philippines, Thailand, Vietnam, Singapore, UAE (Abu Dhabi, Dubai, Sharjah...), Saudi Arabia, Qatar, China, India, Brazil, Mexico, to become the heavyweights that they are today with mega-performing economies. As at 1970, Nigeria was better than most of those countries I mentioned. If we cannot afford to seize our future for ourselves then we deserve all that is happening to us and more bad news. -Lord |
Re: (pic) See Why Nigeria Is Broke by Akpan107(m): 2:37pm On Feb 18, 2016 |
kilokeys:lovely point... |
Re: (pic) See Why Nigeria Is Broke by Nobody: 2:41pm On Feb 18, 2016 |
LordAdam: Then you are confused bro!!!!!!!! What is the punitive measures for corrupt public office holders in most of the countries you listed? And who will enforce the rules? If you think we need to start a war against the govt (revolution), this country is super-fragmented along ethnic divides that it really can not work effectively. Plus that is the last option, and war is not helping any nation of the world. I said we needed to start by curbing corruption you countered it. You talk of true federalism, as if Nigeria is not practizing Federalism in a horrible way, largely sabotaged by corrupt leaders. You said every leader Nigeria has are all the same, shielding bad leaders and protecting worse leaders because of party affiliation. So how does a country like Nigeria start practizing sustainable Federalism with the crop of leaders we have without first breaking the chains of evil that they have formed? |
Re: (pic) See Why Nigeria Is Broke by kenny905(m): 2:45pm On Feb 18, 2016 |
tutorng:The only reason y Nigeria is broke is because we have been depending solely on crude oil, When we realize that we have abundant resources both human and natural that can more than sustain Nigeria the better it's gonna be |
Re: (pic) See Why Nigeria Is Broke by Philadelphia: 2:46pm On Feb 18, 2016 |
Ok
|
Re: (pic) See Why Nigeria Is Broke by churchmind: 2:46pm On Feb 18, 2016 |
Baawaa:nobody needs ur contribution cos u sound so daft n empty.lowlife. |
Re: (pic) See Why Nigeria Is Broke by LordAdam: 2:47pm On Feb 18, 2016 |
tonyfrenzy: TRUE FEDERALISM! If you want to learn more, refer to the consensus of the National Confab under GEJ. Nigeria needs Regional Governments with less powers at the center (FG). Like it was before the civil war. Every well-meaning Nigerian gathered and adopted it, only hell knows why PMB and APC discredited it. -Lord |
Re: (pic) See Why Nigeria Is Broke by moshino(m): 2:51pm On Feb 18, 2016 |
pacino26: I have no idea what you're rambling about. But the OP was attempting an analysis using deductive reasoning, but the premise of the OP's analysis is flawed, and not comprehensive. Hence, OP's entire thesis becomes questionable. It's like getting an answer right, without correctly showing how you arrived at the answer. The OP could have just summarized what he/she was trying to say, without using pedestrian analysis. |
Re: (pic) See Why Nigeria Is Broke by Nobody: 2:54pm On Feb 18, 2016 |
LordAdam: Now I understand your point. It would be better but we still have those guys hovering above us too. Every region would have gone back to the drawing board or even to out-compete one another with innovations and development. |
Re: (pic) See Why Nigeria Is Broke by LordAdam: 3:00pm On Feb 18, 2016 |
tonyfrenzy: The confab had representatives from all regions including the North and South West. Those who do not want it to be implemented are the real enemies of Nigeria, not specifically a region. Maintaining this system is an expensive continuous mistake. The fact is most Nigerians do not know this, that is why there is no agitation yet. -Lord |
Re: (pic) See Why Nigeria Is Broke by LilTroy: 3:01pm On Feb 18, 2016 |
There are two things dat can't exist i dis world; a pious Nigerian president & a totally satisfied woman... |
Re: (pic) See Why Nigeria Is Broke by greenmonk: 3:18pm On Feb 18, 2016 |
omohayek:I am really happy to know u are really educated & had software to sell globally but that does not negate the fact that you should appreciate the contribution of others (the hunter). The palmwine tapper, the software developer and the hardware developers all contribute to build any economy. When any nation thinks they can make omellette without breaking any egg is the situation we found ourselves right now. We cannot jump any rung of the ladder of technology and hope to succeed, all aspects of technological development must be rocognised and duely compensated for their contribution 4 us to advance. |
Re: (pic) See Why Nigeria Is Broke by habsydiamond(m): 3:32pm On Feb 18, 2016 |
All I can see here is that, some people are behind this importation of crude oil products. The profit they are making from this dealings is much that they dont want our refineries to be repaired. Not until we flush corruption they will keep making profit from the mineral resources that belongs to us all. |
Friend's Message Cursing His Friend For A Debt Of 5 Years / Sade Okoya Celebrates 42nd Birthday With Husband And Children (Photos) / Top 10 Online Loan Providers In Nigeria
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 84 |