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Why Is Nigeria's Business Climate So Hostile? by Nobody: 3:36am On Nov 07, 2010 |
Yes Folks, I have put deep thought to why the economic climate in Nigeria is so hostile to business? Only the most determined do business in this our land? Why? From the constantly changing government policies that makes business planning impossible to multiplicity of taxes (formal and informal) that cripples cash-flow. Even the availability and cost of funds is downright killing!!!! Hah, it is difficult men Our political and economic managers need to be flogged. I am already researching Ghana! |
Re: Why Is Nigeria's Business Climate So Hostile? by naijaway(m): 9:50am On Nov 07, 2010 |
It is hostile due to a combination of issues talked about and ignored. Example of the talked about are: electricity, water, security, and lack of organization. Examples of ignored are: lack of organization; serious lack of accountability; political deterioriation; very shaky work ethics; very flawed educational system from the students and teachers esp in the universities; lack of long term goals and expertise, etc Lack of organization - for the fact that we are not really assessing our long term goals thereby ignoring our ignorance shows that we lack organization. Lack of accountability - a very broad variable. Chiefs ask you for bribe for doing busines in any community even after you have paid your necessary fees regarding a business. Local govt chairmen are supposed to speak on behalf of the local govt and when he doesn't he can be voted out but chiefs also claim this roles and pass the titles to their kids and families. Least we forget their ancestors cooperation with the colonials. Either you fought and was removed or you stayed/were installed and 95% cooperated. *If every two community in the same state with existing chiefs and their supposed palaces were consistutionally seized and one rennovated for (1)library and (1)museum nationwide. Just maybe, equality and respect will become our tradition. Flawed educational system - just when we should be serious with decisions and nation building we do the opposite. The fact is majority of colleges have less expertise for various reasons and many graduates compete in cults than on educational projects, many pass cult activities and approvals than they would honestly pass their academic activities and approvals. God bless Nigeria. |
Re: Why Is Nigeria's Business Climate So Hostile? by fASHCEO(m): 10:42am On Nov 07, 2010 |
I believe it is as a result of bad leadership and lack of unity among we Nigerians. Unfortunately, it has deteriorated into a mental deficiency. Our societies fail to question its various leaders rather they are blindly worship. We all now live only for ourselves and family, the values keeping our communities together are fast disappearing. I'm afraid that until we go back and start forming societies starting with families with strong moral values, to a community projecting these values, climbing up the ladder to the local government level then to states and to the highest which i believe is FG, we just might become a failed nation with lots of potentials. As a young owner myself with employees, i know the problem isn't from the top rather it's from the bottom. So i believe a solution that addresses our challenges as a nation from be such effected from bottom to the top and not the other way. because if that is achieved, good community leaders will emerge, a reputable LG leader won't be scarce so also will it affect us positively at the state and national levels. For phones, computers, ipods & other electronics, Check out Sales-Inland with the link below; |
Re: Why Is Nigeria's Business Climate So Hostile? by invisible2(m): 10:56am On Nov 07, 2010 |
:PHow wont people meet harsh operating environment when kalokalo is being played here. |
Re: Why Is Nigeria's Business Climate So Hostile? by redsun(m): 11:19am On Nov 07, 2010 |
It so hostile because of egunje.Even an office cleaner wants bribe to clean spillage in nigeria.It is a lawless situation. |
Re: Why Is Nigeria's Business Climate So Hostile? by Justcash(m): 11:28am On Nov 07, 2010 |
kalokalo: [b]I feel your point. Doing business in Nigeria requires beyond economic indices and foresightedness. I even doubt if the principle of demand and supply functions well in Nigeria. If you want to survive in the Nigerian business environment, you need to "Shine your eyes" and "Use your village sense". If you are Nigerian, you will understand what I mean. No amount of righteousness can make you succeed in your business in Nigeria, if you don't bend the rules a little. when you shine your eyes, you will see your impediments and tackle them as a Nigerian. These impediments cannot be seen by Foreigners. That is why CNN and BBC will continue to call Nigeria a hell hole, yet genuine billionaires keep emerging from the same business environment (as in really genuine and clean), which keeps them wondering how. Going to Ghana will help if you are into Manufacturing. If it is buying and selling or business services that you are into, Omo, stay for Nigeria o! Ghana will frustrate you and make you to regret ever leaving Nigeria. Stay in Nigeria because upon all the push around that you will experience, you still stand to make more money in Nigeria with some little effort than in Ghana. [/b] |
Re: Why Is Nigeria's Business Climate So Hostile? by Epiphany(m): 11:29am On Nov 07, 2010 |
fASH-CEO: I quite agree with the part about the mental deficiency. It sounds funny and made me laugh, but in reality, it is a serious situation. Yes, i agree that for anything to change, our national and collective psyche has to be healed and assisted in a carefully structured recovery process. That, my people, will not take months or a few years. It will take many years to come to fruition. As per the other part - about the problem being from the bottom rather than the top, i sorta disagree with that one. This argument is almost like the chicken or egg debate, about which comes or came first. Reason i say this is that unless the top is willing to make sacrifices and lead by example, the bottom will remain rotten, lawless and decadent. Secondly, unless the bottom is willing to demand accountability and accept the change effected by the top, things will continually remain the same. The argument continues. . . |
Re: Why Is Nigeria's Business Climate So Hostile? by olabukola: 12:25pm On Nov 07, 2010 |
cos its populated by the hostile tribe. Don't ask me which tribe s that. |
Re: Why Is Nigeria's Business Climate So Hostile? by hercules07: 5:55pm On Nov 07, 2010 |
Lagos is uber hostile, imagine doing a job for a big telecoms company and seven months down the line you have not been paid, kai it is not easy. |
Re: Why Is Nigeria's Business Climate So Hostile? by Nobody: 1:26am On Nov 08, 2010 |
invisible!: Meaning what? I understand you may be joking though |
Re: Why Is Nigeria's Business Climate So Hostile? by Nobody: 2:21am On Nov 08, 2010 |
Epiphany: I belong to the school of thought that says change comes from the bottom up. We the common people have to take our destiny into our hands and demand accountability at the top. Our collective actions creates an unfriendly business evironment. I'm sure that contributes to the high unemployment. I personally experienced how the local "baale" of a neighbourhood was demanding N400,000 and a cow annually before they would allow a quick service restaurant in the area. This is not counting the levies and permits to be paid the local government and state. At the end of it all, I still have to be my own government by providing infrastructure that they fail to provide. Regardless, I moved on! Which is why it annoys me to hear the same people pay lip service to tackling unemployment |
Re: Why Is Nigeria's Business Climate So Hostile? by Nobody: 2:37am On Nov 08, 2010 |
Justcash: I understand that Ghana can be hostile too to Nigerian businesses probably due to envy. But you do have a point, buying and selling holds a lot of promise in Nigeria. |
Re: Why Is Nigeria's Business Climate So Hostile? by mensdept: 4:29am On Nov 08, 2010 |
kalokalo: Yes flogged well well. Including fake pastors and mallams |
Re: Why Is Nigeria's Business Climate So Hostile? by Jakumo(m): 5:45am On Nov 08, 2010 |
Wow, this is a dead easy question to answer. Despite dramatic improvements in the electrical power generation and distribution within Nigeria over the past few months, thanks to heroic efforts by current President Jonathan Goodluck, there is LESS available electrical power in Nigeria today than in just about any other inhabited region of planet Earth. Since ALL business endeavors require constant and reliable electrical power, Nigeria will remain trapped in an industrial and commercial dark age until the electrical power shortfall there is resolved COMPLETELY. |
Re: Why Is Nigeria's Business Climate So Hostile? by ochocinco1(m): 7:55am On Nov 08, 2010 |
Jakumo: ****still searching for perfunctory sarcastic undertones*** |
Re: Why Is Nigeria's Business Climate So Hostile? by baconline(m): 7:56am On Nov 08, 2010 |
Naija is a dog eat dog situation |
Re: Why Is Nigeria's Business Climate So Hostile? by Nobody: 8:23am On Nov 08, 2010 |
fASH-CEO: [b] Best answer so far. The problem is simple: "WE ARE OUR PROBLEMS". How many people sitting here will do something for their FUTURE GENERATION come next year, and go out and cast a vote in the name of Patriotism and diligence? Majority will be glued to their TV, yet hoping for Nigeria to change and become better. How will that happen when 95% of the population have given up all hope and yet desire change and transformation? Your vote doesnt have to count, but you never can tell if the collective effort of you and I can kick-start the change we all desire. We should stop complaining and start asking ourselves sincere question such as: who are the people giving us these problems? And you will be surprised to learn that they are people like you and I years ago. But they maintained that bad attitude of hopelessness and selfishness every single Nigerian elicit all around. When was the last time you prayed for your country. When was the last time you put your tribalism aside to support a fellow Nigerian from another tribe. When was the last time you were brave and did someone for your fellow country man? When was the last you felt proud and know deep within your heart, even if it is a small effort, I am an agent of change. The hostile business climate didnt just appear within a single day. It took time. Our collective selfishness and disregard to values and rules. It can be undone, with time and collectively. It starts with everyone of us asking ourself, HOW CAN I HELP? HOW CAN I JOIN THE CHANGE.[/b] |
Re: Why Is Nigeria's Business Climate So Hostile? by agitator: 8:28am On Nov 08, 2010 |
Justcash: bending rules to become a clean billionaire ? That's why somebody can steal and boldly go to church and testify of the Lord's Goodness. |
Re: Why Is Nigeria's Business Climate So Hostile? by AjanleKoko: 8:51am On Nov 08, 2010 |
Depends on who you're asking. Lots of people are doing business in Nigeria despite the issues. And they are doing very well indeed. Just ask the Lebanese or Indians. Though, of course, serious economic reforms are needed in Nigeria, if we want to do business the way it's done in the 21st century. Legally, frameworks need to be put in place to support the development of new markets and the expansion of existing ones. That can only come with political reforms and stability. Frankly speaking, I am not sure we will be getting those any time soon, as the body politic is still in major chaos. Until then, we can only try to survive, then watch and wait. |
Re: Why Is Nigeria's Business Climate So Hostile? by fASHCEO(m): 8:52am On Nov 08, 2010 |
Epiphany: Though you stated your disagreement clearly at the beginning, but agreed with me in the end by saying "unless the bottom is willing to demand accountability and accept the change effected by the top". This can only happen when the least educated/enlightened person knows the effect of a strong leadership at the community level. I clearly believe it starts at the lowest level then climbs up the leadership ladder. General we lack a good leadership system capable of discovering and nurturing potential leaders at the primary school level. We need to start thinking and working towards building a leadership system and it starts from the bottom because the truth of the matter is that we are been ruled by thieves and cabals who are better off in jails, we shouldn't expect anything good from them because they can't simply give what they don't have. Are you thinking Nokia, Blackberry, Sony Ericsson & many more electronics, simply hit the below link; |
Re: Why Is Nigeria's Business Climate So Hostile? by eazydon(m): 8:53am On Nov 08, 2010 |
its because of greedy leaders who cannot allow others invest meaningfully |
Re: Why Is Nigeria's Business Climate So Hostile? by bidemi12(m): 9:11am On Nov 08, 2010 |
Surely this is a trick question, |
Re: Why Is Nigeria's Business Climate So Hostile? by fASHCEO(m): 9:26am On Nov 08, 2010 |
yemi313: We can start by organizing rallies to local governments areas with bad roads. People get delayed on Ipaja - Ikeja road everyday because of potholes the LG in that has refused to fix. |
Re: Why Is Nigeria's Business Climate So Hostile? by AjanleKoko: 9:30am On Nov 08, 2010 |
fASH-CEO: Lazy man's answer . Mentally deficient? |
Re: Why Is Nigeria's Business Climate So Hostile? by MADphilips(m): 9:30am On Nov 08, 2010 |
We have an Hostile business environment in Nigeria because our government are not providing the necessary elements that creates a sustainable environment for small businesses. We have to do everything ourselves, from sourcing for capital to providing power, etc. But we can all make a difference, all Nigerian Entrepreneurs (naijapreneur) each deciding to do things differently irrespective of the hostile environment. We need to come together and rebuild Nigeria through entrepreneurship. |
Re: Why Is Nigeria's Business Climate So Hostile? by invisible2(m): 10:11am On Nov 08, 2010 |
Nigeria is a green land, so much opportunities to balance the harsh business climate. We are enjoying here. |
Re: Why Is Nigeria's Business Climate So Hostile? by Justcash(m): 10:38am On Nov 08, 2010 |
agitator: [b]If we are to go by the context you referred to the term "Clean", then there is no Clean billionaire in the world. Even Pastor Adeboye (like many other billionaire pastors) will be referred to as "Unclean" (is a pastor supposed to amass so much wealth while his congregation is made up of paupers and hungry peeps among some few rich peeps? He could as well share the wealth and change lives, but he bought a private jet and is cruising in the air like every billionaire does) Note: I'm not judging him, just trying to tell you that he bent the rule abit to his own benefit and as a Capitalist, I don't see anything wrong with it. Naturally business is a dirty game of survival. It's rules differ according to countries. If you want to survive in business, you need to play the game according to the business rules in a country. This is why people like Dangote will float ontop for a long time and keep controlling the game as they deem fit. There is a difference between business rules and a country's rule about Conduct of business. If they are not properly matched (Like in the case in Nigeria and many countries in the world), then people naturally adjust to the business rules, which automatically means bending a country's rule on business. Those that fail to recognize and adjust to this change simply sink into eternal bankruptcy, and end up asking why the righteous fail and the sinners survive.[/b] |
Re: Why Is Nigeria's Business Climate So Hostile? by waypavers: 11:20am On Nov 08, 2010 |
Justcash: Adeboye didn't buy no private jet! It's owned by members of the church.Get your facts right sir |
Re: Why Is Nigeria's Business Climate So Hostile? by invisible2(m): 11:28am On Nov 08, 2010 |
waypavers: But he is using the jet? He owns it. |
Re: Why Is Nigeria's Business Climate So Hostile? by AjanleKoko: 11:55am On Nov 08, 2010 |
Justcash: This kinda made no sense to me. No offence though. Just try to break it down for we simple folk |
Re: Why Is Nigeria's Business Climate So Hostile? by Justcash(m): 2:24pm On Nov 08, 2010 |
waypavers:[b] LWKMD! @ the bolded. This is why I love Capitalism. A capitalist can make you willingly give him/her your money, and motivate you to still fight for him/her to continue enjoying your money without grudges from you. Even if you develop some sort of grudge, you will be so powerless to do anything to him/her. Why didn't the church buy a bigger aircraft to contain more people for international travel? Why did they buy a private jet, meant for very few privileged peeps? And lest I forget, who is the boss in the church again? |
Re: Why Is Nigeria's Business Climate So Hostile? by Justcash(m): 2:51pm On Nov 08, 2010 |
AjanleKoko:[b] Government's business Rules: Regulations and laws mapped out by the government for businesses in a country to follow in the conduct of their businesses Business Rules: Natural rules that a particular business environment has created for businesses to ensure profitability. These rules may require proactive or reactive structures for a business organization to remain competitive in a country's informal business structure. For example, It may be necessary to be in the right books of the business regulatory authorities through giving frequent gifts, or embarking on Corporate social responsibility frequently in order to have a reasonable chance to make profit. In Japan, you must belong to a business family cycle to survive. What I was saying is that when a government's business law is not structured in such a way that it can accommodate the practical business rules in a country, people tend to follow the business rules and ignore the government's law. This is because business is all about profit. This entails ignoring (bending) the law of the government in order to make profit. Some business people tend to do their business strictly with adherence to government's law, which makes them to ignore the rules of business in the country. This ultimately leads to their failure. Then they run to the government, asking to be salvaged because they follow the rules of the government, while at the same time, they ask that the successful ones that play according to the industry's rule should be punished. This is the best I can explain to you. [/b] |
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