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2023: Companies That Exited Nigeria Amid Economic Challenges - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / 2023: Companies That Exited Nigeria Amid Economic Challenges (23486 Views)

Companies That Exited Nigeria Amid Economic Challenges This Year / Real Reason HSBC And UBS Exited Nigeria! / Friesland Records 13.2% Revenue Growth In 2017 Despite Economic Challenges (2) (3) (4)

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Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by comodo: 7:02pm On Dec 28, 2023
post=127666990:


The government know what to do to help these businesses to grow.
They need to do something to keep them afloat.

But in some cases though,
The internal staff ran this businesses down with looting and stealing.
Many indigenous companies have been ran down by the staff they employ.
A good example below....


Nigerians are the problems of Nigeria.......for real!

Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)


*HOME TRUTH*

[i]I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills,
while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around.....
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere
.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.



Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders kiss



Sure we do get the good ones among the youths.


Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.[/i]
I can imagine all the pains you took to inform us that for several decades all the employees were not able to run the companies down until this year. A case of leaving the nyansh wey mess to knock the head.

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Ehmmah588(m): 7:06pm On Dec 28, 2023
post=127666990:


The government know what to do to help these businesses to grow.
They need to do something to keep them afloat.

But in some cases though,
The internal staff ran this businesses down with looting and stealing.
Many indigenous companies have been ran down by the staff they employ.
A good example below....


Nigerians are the problems of Nigeria.......for real!

Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)


*HOME TRUTH*

[i]I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills,
while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around.....
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere
.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.



Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders kiss



Sure we do get the good ones among the youths.


Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.[/i]
Honestly, I'm tired of 'wicked' nigerians always complaining that the government is corrupt. But on close observation, the people complaining are just worse... That illustration on poultry touch me well because I've been there!....Imagine using 3million naira to set up a poultry farm in ogun state and employing 30 staffs. To reduce the work stress on them and appreciate them for the work, I was paying them 25k monthly and they're to be present only 3 times a week (that is 12 times a month to be paid). Something no employer does!. These wicked people showed me hell!. They were just eating my birds, my fish (catfish at fingerlings stage) and selling the eggs without any remorse! angry angry

Most Nigerians are very wicked and dishonest!

2 Likes 2 Shares

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Pootle: 7:06pm On Dec 28, 2023
sweetkev:
More to leave in 2024. This I have seen.

you no see say u bcom rich ba undecided
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Omodua(m): 7:08pm On Dec 28, 2023
chokekachy:


https://ambusinessng.com/companies-that-exited-nigeria-amid-economic-challenges/?utm_source=punch&utm_medium=punch_backlink

Hmmmmm

This is not good for our economic development and recovery.

Tinubu government should do something urgently and restores investors confidence.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Yashita: 7:18pm On Dec 28, 2023
VinnyBaba:


See you. 😏😏

What he went to Copy from somewhere and brought it here to Paste. πŸ˜’

Its like U don't know Manna.πŸ˜•

Manna, that I noticed a long time ago is intellectually capable of written this. He no be small pikin.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 7:18pm On Dec 28, 2023
usmanktg2:
Most of these companies have been sucking our blood through the CBN via CCI and other platforms.

^^^
By CCI you mean certificate of capital importation?

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by broadman20: 7:19pm On Dec 28, 2023
Difrent:


Me I no know why you dey vex for something that's global..... Fuel prices has increased globally but you want Nigeria to still be subsidizing with resources that could be used to build social infrastructures so tomorrow your likes will come online and rant that Nigeria is not working....how will it work?



And salary nko?

I know it is not increasing globally just like NIGERIA.

Keep deceiving yourself.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 7:21pm On Dec 28, 2023
NLPoliceWoman:
This is one of the reason nairaland.com was shut down recently.
I won't allow you to succeed with that again.

^^^
You are not in a position to allow or disallow anything on here. Quit these childish games and allow the adults focus on the key issues.

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Sayboy: 7:21pm On Dec 28, 2023
If you have a job and want to improve your productivity by moving into a new apartment, we can help finance your rent. To get started, please reach out to Sayo on WhatsApp @ 08132145325 or fill out this form: https://airtable.com/appvLXBi6BUFsWxo4/shrVD47Kh3WI7PVbF

See flyer for terms!

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Difrent: 7:21pm On Dec 28, 2023
broadman20:




And salary nko?

I know it is not increasing globally just like NIGERIA.

Keep deceiving yourself.

Is salary not increasing in Nigeria?
It is.
Both in public and private.
If your employer hasn't increased your salary this years....hold him responsible.

And by first qaurter 2024 new minimum wage will commence
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 7:29pm On Dec 28, 2023
Tareq1105:
But he's more intelligent and experience than you.

Very unfortunate that people who have never been elected as a class Gov or picked as a prefect in secondary school would be misusing the Nairaland platform.

^^^
undecided

Nigerians are tired of long turenchi.

If your principal is so intelligent, experienced, etc. then let him command the economy to wake up. This matter doesn't need much debate. Let him do the job and lets see the results!! And we have no intention of waiting for 8 years of empty promises - promises similar to those made by Bola Tinubu's soulmate, Muhammadu Buhari!

Galloping inflation, chronic exchange rate instability etc. Was this what Bola Tinubu promised Nigerians?

Propaganda has limits.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 7:34pm On Dec 28, 2023
Difrent:
Me I no know why you dey vex for something that's global..... Fuel prices has increased globally but you want Nigeria to still be subsidizing with resources that could be used to build social infrastructures so tomorrow your likes will come online and rant that Nigeria is not working....how will it work?

^^^
But your government is still subsidizing fuel imports...so you are right back where you started. Or didn't you know that?
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Difrent: 7:39pm On Dec 28, 2023
Fujiyama:


^^^
But your government is still subsidizing fuel imports...so you are right back where you started. Or didn't you know that?

They said they are not and I believe them.
Why?
You lots seems to forget NNPC signed an agreement with AFDB to provide funds for future crude. That's what did the magic that enabled Government be able to sell at this pace because NNPC brings in the product at a price less the market rate so it can sell at the current rate.
So no more subsidy.
But I cant force you to believe otherwise if you are not willing to open your eyes to facts
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 7:41pm On Dec 28, 2023
sulaak:
OBJ, Buhari, GEJ all avoided public debates. Leading presidential candidates are aware of the irrelevant of public debate.

^^^
Well...you can see the results in the quality of leaders you have listed.

Your leaders love German automobiles, French luxury goods, American real estate, British and Swiss banking expertise etc. but they believe public debates are 'irrelevant'. And Nigerians endorse this madness. undecided

The results don't lie.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 8:03pm On Dec 28, 2023
Difrent:
They said they are not and I believe them.

^^^
You are free to believe whatever tales by moonlight you have been fed - reality doesn't care. It will enforce its iron will whether you like it or not.


Difrent:
Why?
You lots seems to forget NNPC signed an agreement with AFDB to provide funds for future crude. That's what did the magic that enabled Government be able to sell at this pace because NNPC brings in the product at a price less the market rate so it can sell at the current rate.
So no more subsidy.

^^^
Not so fast my friend. The key word in your poem up there is the word 'magic'. Magic is for entertainers and those who wish to be entertained...it has no place in running an economy or a country.

What is this agreement you speak of? Is it a loan? Is it a grant? Is it a forward contract? Is it a swap? How is the exchange rate risk mitigated...and who bears that risk?

Difrent:
NNPC brings in the product at a price less the market rate so it can sell at the current rate

^^^
grin grin

How?!!

Look, I know we are in the season of goodwill and Christmas cheer and all that but you still have to tell Nigerians where this big old Father Christmas (or Santa Claus or whatever you want to call him) is...and how he's able to give NNPC fuel at a rate less than the market rate...so that it can be sold to Nigerians at the 'current rate' (whatever that means). undecided

Delusions.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by AcuraZDX: 8:27pm On Dec 28, 2023
post=127666990:


The government know what to do to help these businesses to grow.
They need to do something to keep them afloat.

But in some cases though,
The internal staff ran this businesses down with looting and stealing.
Many indigenous companies have been ran down by the staff they employ.
A good example below....


Nigerians are the problems of Nigeria.......for real!

Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)


*HOME TRUTH*

[i]I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills,
while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around.....
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere
.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.



Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders kiss



Sure we do get the good ones among the youths.


Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.[/i]

Look at this Sai Babarian.

My friend shurrup

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by yewit37486: 8:37pm On Dec 28, 2023
Jumia foods was crap anyway. Very awful service. Good riddance.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by stormborn28(m): 9:08pm On Dec 28, 2023
TemplarLandry:
cool

Very useless leadership. Drug barons and robbers are leaders in Nigeria

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by nony43(m): 9:15pm On Dec 28, 2023
DaddyYankee:
Obidients are f00ls! Even in best economies companies leave




You are the fool here. Tell me why companies will leave in a best economy?

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by bigman001(m): 9:58pm On Dec 28, 2023
post=127666990:


The government know what to do to help these businesses to grow.
They need to do something to keep them afloat.

But in some cases though,
The internal staff ran this businesses down with looting and stealing.
Many indigenous companies have been ran down by the staff they employ.
A good example below....


Nigerians are the problems of Nigeria.......for real!

Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)


*HOME TRUTH*

[i]I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills,
while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around.....
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere
.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.



Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders kiss



Sure we do get the good ones among the youths.


Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.[/i]

You nailed it bro, that's exactly what i tell people , we are the major problem of Nigeria, lets even put the government aside, we ourselves are worse than the government we criticize, yes they are bunch of wicked and heartless people, but we ourselves , our hatred, greed and indiscipline attitude is nothing to discuss about. Changes starts from me and you

1 Like 1 Share

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Kukutenla: 10:56pm On Dec 28, 2023
VinnyBaba:


See you. 😏😏

What he went to Copy from somewhere and brought it here to Paste. πŸ˜’

Its like U don't know Manna.πŸ˜•
How are you sure he's not the one quoting himself
You don't know how abnormal dem manna are

1 Like

Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Yktv: 11:17pm On Dec 28, 2023
post=127666990:

I don’t really like your political beliefs and opinions but this is the truth. Dollar isn’t our problem, greed is, India, korea and others have very poor value compared to the dollar but they are doing okay because they’re not greedy. And even if we assume dollar is the problem, somehow it can still trace back to the greedy Nigerians buying up the supply and hoarding

The government know what to do to help these businesses to grow.
They need to do something to keep them afloat.

But in some cases though,
The internal staff ran this businesses down with looting and stealing.
Many indigenous companies have been ran down by the staff they employ.
A good example below....


Nigerians are the problems of Nigeria.......for real!

Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)


*HOME TRUTH*

[i]I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills,
while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around.....
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere
.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.



Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders kiss



Sure we do get the good ones among the youths.


Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.[/i]
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by PARADIZEPRIEST: 6:19am On Dec 29, 2023
Those are companies exploit and deplicting our dollar reserve to pay their so called glutton executives in dollars.Let them go.
THIS IS OPPORTUNITY FOR NIGERIAN ENTRENEURS TO FILL THEIR GAPS. THY ARE NOT INDISPENSIBLE,NAIJA PPL WAKE UP. grin
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by VinnyBaba: 6:32am On Dec 29, 2023
Kukutenla:

How are you sure he's not the one quoting himself
You don't know how abnormal dem manna are

No be lue, my brother. smiley

Manna can be a very funny person. sad cheesy
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by franchasofficia: 6:45am On Dec 29, 2023
post=127666990:


The government know what to do to help these businesses to grow.
They need to do something to keep them afloat.

But in some cases though,
The internal staff ran this businesses down with looting and stealing.
Many indigenous companies have been ran down by the staff they employ.
A good example below....


Nigerians are the problems of Nigeria.......for real!

Greed and Dishonesty, the two main problems of an average Nigerian.
Read along to understand our reasons for saying so......

(N.B : If you are a fraudster and criminal on Nairaland,
Skip to the next post or you may not survive reading this)


*HOME TRUTH*

[i]I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire appears to be on a mission to steal as much as possible.
Inflated invoices, recording less than the actual number of units produced.
The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.
There was a year I overhauled management 3 times in a year.........
But me, I've found a solution sha, I now use Indian management.
So competent, so honest and so straightforward.
I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management.
Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions.
I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff.
The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions.
I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money.
This money spent on security companies is even enough to be declared as profit.
We have to spend on CCTV, biometric scanners and other things that wouldn't be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty.
At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how there are no jobs.
I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business.
So instead of investing in the real sector and creating jobs, they'll just buy treasury bills,
while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone.
This is one advantage the Indians and Lebanese have over us in Nigeria.
They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money.
On the days you're around at the business, the money realized will be x10 of the money realized when you're not around.....
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

*On every level, Nigerians are the problem of Nigeria*.


If the truth wanna kill the online fraudsters and criminals we have on Nairaland,
you guys should better die now.
We will continue to hit your head as much as we can with the truth and be against your fraudulent lifestyle ALWAYS.
For all the scams you have scammed innocent people all over the world, and they end up committing suicide or becoming homeless, and y'all here thinking you are living large, kid you not, you will never enjoy that fraudulent money, it will lead you to your grave soonest. (You can keep hating honest, and hardworking members on this forum, but some of us will continue to kill you with the truth.)
Only if God doesn't exist.
Thieves, Barawos everywhere
.



**********************************


GREED!!!

When we say we are our own problem they start grumbling.....

Okay listen to these examples:

1. You sell chicken and add over 40% profit ,you are happy forgetting that the person that bought the chicken sells tomatoes and pepper.

2. The tomatoes and pepper seller has to recover the excess she paid for the chicken, so she adds her own 42% profit margin.

3. Teacher will come and buy these 2 items with what? She has no other alternative than to increase lesson fees or school fees.

4. You will go and rent house from a landlord who has paid excess for cement, sand, chicken, tomatoes and pepper, lesson fees, how will he meet up if not by increasing his house rent by 60%.

And the circle continues, it is not about dollars, dollars is just an excuse, abi wetin concern garri, beans and yam with dollars.

The problem is you and I and our excessive greed.



Only a fraudster or criminal will be wailing about our above post.
We hope you ain't one of them kiddo?
If so, we understand your weeping about the honest truth.
No wonder you are your fellow children are always wailing and in serious pains reading our posts here.
The earlier, the better for you.
Advice from the elders kiss



Sure we do get the good ones among the youths.


Only sane, honest and hardworking Nairalanders like you will definitely like our answers and comments,
Not the miserable fraudsters aka, children of hate, frustrations and perdition that abound here.
God bless your legit hustle man.
It will end in praise for you.[/i]
First time I read your post from top to bottom and you said nothing but the absolute truth.



But it's really a shock that someone that wrote this great piece support known criminals, Kleptomaniacs and treasury looters to govern Nigeria all in the name of tribe and partisan politics.


Na wa oh
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Nerdnextdoor: 7:51am On Dec 29, 2023
Which way Nigeria? cry
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by mystery22: 9:26am On Dec 29, 2023
And the funny things is 90% of these companies employed mostly Yorubas
Well election has consequences
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by sulaak(m): 11:10am On Dec 29, 2023
Fujiyama:


^^^
Well...you can see the results in the quality of leaders you have listed.

Your leaders love German automobiles, French luxury goods, American real estate, British and Swiss banking expertise etc. but they believe public debates are 'irrelevant'. And Nigerians endorse this madness. undecided

The results don't lie.




Nigeria was always going to end on this journey; the structure was faulty, as understood by the founding fathers, and that's why they settled for a regional and federal system of government. Nigerians leadership are slowly accepting that the current system of government is unworkable.
Re: 2023: Companies That Exited Nigeria Amid Economic Challenges by Fujiyama: 12:24pm On Dec 29, 2023
sulaak:
Nigeria was always going to end on this journey; the structure was faulty, as understood by the founding fathers, and that's why they settled for a regional and federal system of government. Nigerians leadership are slowly accepting that the current system of government is unworkable.

^^^
Ok. Valid point.

I quoted you because you defended Bola Tinubu's decision to avoid presidential debates. You termed them irrelevant...but they are not.

There are many countries with a political culture of debates where politicians sell their plans to the electorate...and these politicians are in turn quizzed on these plans. These countries are not stupid. These debates are a visible, high profile way of deciding how well politicians are able to sell their ideas to voters. These debates are a way of holding politicians accountable. If Nigerians think that this accountability is for fools then we should accept the consequences of such deluded thinking.

Bola Tinubu has turned out to be no different from those who came before him. He ignored the debates because of the contempt he has for any kind of real accountability to voters. You think debates are irrelevant? undecided Well...look at the disaster our economy has turned into in a space of less than one year. Bola Tinubu seizes every opportunity to talk partisan politics but he carefully avoids any situation where he may have to explain his economic agenda for Nigeria. But it is the economic matters that will put bread on tables and get people into jobs - not the political issues.

BAT is not the answer.

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