jaxxy:


500 million is a average/medium business.

27Pushing30:


When have you ever heard of any government in the world supporting small businesses over big conglomerates?

Except in COVID times where have you heard that government saved small businesses?

Governments deal with the big boys and expect the trickle down effect to cascade across the value chain.

For example in real estate , BIG MAN builds a house or estate , Mid sized Man Takes the official title and markets the house or estate Small Man sees the advert, markets it too and if it’s his own customer that buys and pays funds 80% goes to the big 20% to the Mid sized sef man and 10% to the Small man.

Google trickle down economics

Flathead8:

He is Aliko Dangote younger brother from the same mother but different father's
https://pmexpressng.com/billionaire-sayyu-dantata-launches-450m-lubricant-plant-in-lagos/

Agbegbaorogboye:

That's your imagination.
China and Japan are countries that directly supported small businesses and grew them to large ones. An example in China is Huawei and even Ali Baba.
Another example is the company called TSMC, the world's largest manufacturer of semiconductor chips.
Even in the US, venture capitalism is a model that exists solely for the benefit of startups and small businesses. Govts hardly ploughs money into big businesses. Big businesses approach capital markets and financial markets for capital.

27Pushing30:


Oga China did not assist Huawei

Venture capital is private equity and not Government equity

Government can only support business by creating the right frameworks , business environment, legislations, Tax incentives to small businesses GOVERNMENT CANNOT GIVE SMALL BUSINESSES MONEY that will “change the game” how many people dem wan give the funds? Where the money?

Don’t confuse Entrepreneurial sagacity with government “help”… also as a company grows and expands they obviously begin to get government connects who link them up to projects that further propel them.

My point is in the USA there are over 30 million small businesses… how many government wan help?

omonnakoda:
This classification is according to you,the Qur'an,the bible,or the Constitution

jaxxy:


and ur classification is according to who??

Flathead8:


https://pmexpressng.com/billionaire-sayyu-dantata-launches-450m-lubricant-plant-in-lagos/

UnabashedIPOB:


Na dem dem! All quota system billionaires! What a sorry and hopeless country!

omonnakoda:
You are bitter
Eboe get stuff on merit but others are undeserving

UnabashedIPOB:


Quota system billionaire!

omonnakoda:
okay

kettykin:


I know eleganza in Ikeja, I know big landed property owner by Abiola near airport, the only of such owned by a private individual . I am seeing some demographic changes , the Ogun and kwara guys are gradually being replaced by Kano boys. I could be wrong but just some observations

ahiboilandgas:
ipob crew come and see the silent developers ! Not some 2 by 2 shop traders na we develop Lagos without us Lagos will collapse ! We are moving to biafra

baby124:

It’s ND doing itself with their greedy youth. Any major company that comes in, they carry gun and start fighting plus kidnapping. All regions in Nigeria that lack development are the ones doing themselves not even FG. Investors end up fleeing to Lagos. Something about a culture that has not future outlook. They eat everything for today.

Ikaeniyan0:
Are you trying to say Southerners are not backed by the Govt?

Tobijays:
it is only Adenuga I respect, take away all these billionaires contacts and ther money to start all over again! It is only adenuga that will strive! Elumelu used his position and contacts to take over UBA

ahiboilandgas:
big mouth .Arthur eze first contract was to build CTV kano .

Enwhen:


Bros if u are given that same UBA in Nigeria without govt backings , it would liquidate ...give it to Elumelu

Ikaeniyan0:
You talk as if no Southerner have ever rule Nigeria.

citygarden:
Later the children of hate will still not happy with this News because their State is nothing to write about. Instead of them to channel their aggression to their governor to deliver dividend of democracy and development to them. Let their State to attract investors not looking for investors. They will be forming they developed all the whole world.

Philistine:

How can they lose what they never own? Yorubas are not indigenious to Lagos

Roboto11:


Rubbish.

Would Dangote or Dantata run thier businesses themselves?


It is this your 2 by 2 thinking that makes investors detest your enclaves.

PointZerom:


Yes with this my 2 by 2 thinking I was able to buy land in Oseni street OKOTA Lagos in 2002 and build my house there.

Tell me what your state IGR has done for your pocket. Igbos don't naturally depend on investors and Government. We hustle from tender age and it's paying off.

Agbegbaorogboye:

Why don't you Google Huawei in the eighties before you begin to argue with me.

US as a capitalist economy has a strict policy of non-interference in market economy. It's why I mentioned venture capitalism as a parallel to direct govt intervention like we have in some other countries. Even at that, even the US have bailout options for small businesses under certain conditions of bankruptcy. And of course there's the low interest rates on loans which at a point in the US was actually 0% compared to Nigeria's average of 15-17%

And where did I ever mention govt giving small businesses money in Nigeria, China or anywhere for that matter? Don't misconstrue my statement just because you want to argue.

27Pushing30:

I am not arguing I am stating a fact… but I like the fact you’ve noted the different economic systems

But here’s the thing America has generally low interest rates because of “who they are” and even larger corporations enjoy much lower tax, interest rates etc

My point I’m trying to pass a cross basically is that small business is NOT a priority to most governments in normal economic terms but I get your point now.

Tobijays:
what is this one saying! Go to twitter and see which bank got most complaints! So many illegal deductions moreover you must be extremely dumb to run your bank to bankruptcy! The biggest fraud in Nigeria is in the banking sector!

Flathead8:


https://pmexpressng.com/billionaire-sayyu-dantata-launches-450m-lubricant-plant-in-lagos/

omonnakoda:
Lagos state was created in 1967 It was never capital of Nigeria

Nothing in Lagos State was built with Niger delta oil because not it gave more than it received
It was partly Lagos money used to give twenty pounds to Board and in 1970
The decision to move Lagos to Abuja was taken 1975 and the FG deinvested in Lagos from then.
After 30 years with unprecedented investment in Abuja why is it not generating revenue like Lagos?
The simple truth is that Lagos has given Nigeria more wealth than any oil producing state
It is peaceful and that is why it attracts investment

Why is no one building a refinery in Delta state

babasolution:


Exactly, for all “ Nigerians " that's the catch word,the governor cannot arbitrarily deny non indigenes from owning land,he would be met at the supreme court