Otura Ofun

No one on Earth is worth one billion dollars.

Let us use the hospitality sector as an example. The house I stay in Ijebu jesa is a 4 bedroom and 4 bath house and I believe 20 million naira will finish it up and it is hotel standard remaining furniture. This means that construction cost per room of hotel is around five million naira and economy of scale is still there to further shrink it. It will remain the furniture which can be managed at one million naira per room or less. A well finished hotel will cost a maximum of six million naira per room and it will remain.other areas like bar, kitchen, swimming pool, events hall and etc which can be finished with say 50 million naira or less for a small hotel of say forty rooms. Two hundred and fifty million naira should be able to finish a good hotel where thirty people will work. If it is four hotels the amount will be one billion naira and one hundred and twenty people will work there including managers, General manager, waiters, waitresses, kitchen assistants, chef, plumber, electrician, bar man and etc. There will be managers for the kitchen, house keeping, works and bar and then General manager. It will be a standard business where the GM is chauffeur driven. The total investment is worth around 250,000 dollars excluding land cost. It will be worth much less when everything is restructured with costs including energy costs crashing. I am using an exchange rate of one dollar to one thousand naira which is just to.use something because a dollar was over 1500 a while back.
It goes to show that one million.dollars will employ one hundred and twenty people in any sector because all sectors have their own infrastructure from banks to cattle ranches to hotel. Investment into infrastructure or stock as the case may be will be similar per head of employee from industry to industry. It will not differ by much.
One billion dollars will employ one hundred and twenty thousand people or a number not much different from that including top management, mid level, entry level, supervisors and minimum wage workers. Can we then say any human being on Earth is actually worth one billion dollars in 2024?.

What's the name of the nurse that skipped her duty?

Oluwole expert.
Na dem.
Sophisticated statisticians.

Even Rihanna a singer is worth more than that

You haven't heard of my brothers, Elon, Bill, Mark, Warren and their friends?

🤕

Very naive.

We can’t blame poverty for this can we ?

Being poor shouldn’t affect one’s mental capacity though. Somebody should take this man away from his village and let this man taste small life na.

The post is making a very vital point that's well beyond the IQ of many commenters above.

CodeTemplar:
The post is pointing a very vital point that well beyond the IQ of many commenters above.

The millionaires in New York state alone could be more than millionaires in the rest of the world.

Those who sabi are making this real mula

What did I just read?

lawani:
Otura Ofun

No one on Earth is worth one billion dollars.

Let us use the hospitality sector as an example. The house I stay in Ijebu jesa is a 4 bedroom and 4 bath house and I believe 20 million naira will finish it up and it is hotel standard remaining furniture. This means that construction cost per room of hotel is around five million naira and economy of scale is still there to further shrink it. It will remain the furniture which can be managed at one million naira per room or less. A well finished hotel will cost a maximum of six million naira per room and it will remain.other areas like bar, kitchen, swimming pool, events hall and etc which can be finished with say 50 million naira or less for a small hotel of say forty rooms. Two hundred and fifty million naira should be able to finish a good hotel where thirty people will work. If it is four hotels the amount will be one billion naira and one hundred and twenty people will work there including managers, General manager, waiters, waitresses, kitchen assistants, chef, plumber, electrician, bar man and etc. There will be managers for the kitchen, house keeping, works and bar and then General manager. It will be a standard business where the GM is chauffeur driven. The total investment is worth around 250,000 dollars excluding land cost. It will be worth much less when everything is restructured with costs including energy costs crashing. I am using an exchange rate of one dollar to one thousand naira which is just to.use something because a dollar was over 1500 a while back.
It goes to show that one million.dollars will employ one hundred and twenty people in any sector because all sectors have their own infrastructure from banks to cattle ranches to hotel. Investment into infrastructure or stock as the case may be will be similar per head of employee from industry to industry. It will not differ by much.
One billion dollars will employ one hundred and twenty thousand people or a number not much different from that including top management, mid level, entry level, supervisors and minimum wage workers. Can we then say any human being on Earth is actually worth one billion dollars in 2024?.

There's over 2000 billionaires around the world. I will still join the list

His post appeared to be like an answer sheet of someone who copied from his friends

lawani:
Otura Ofun

No one on Earth is worth one billion dollars.

Let us use the hospitality sector as an example. The house I stay in Ijebu jesa is a 4 bedroom and 4 bath house and I believe 20 million naira will finish it up and it is hotel standard remaining furniture. This means that construction cost per room of hotel is around five million naira and economy of scale is still there to further shrink it. It will remain the furniture which can be managed at one million naira per room or less. A well finished hotel will cost a maximum of six million naira per room and it will remain.other areas like bar, kitchen, swimming pool, events hall and etc which can be finished with say 50 million naira or less for a small hotel of say forty rooms. Two hundred and fifty million naira should be able to finish a good hotel where thirty people will work. If it is four hotels the amount will be one billion naira and one hundred and twenty people will work there including managers, General manager, waiters, waitresses, kitchen assistants, chef, plumber, electrician, bar man and etc. There will be managers for the kitchen, house keeping, works and bar and then General manager. It will be a standard business where the GM is chauffeur driven. The total investment is worth around 250,000 dollars excluding land cost. It will be worth much less when everything is restructured with costs including energy costs crashing. I am using an exchange rate of one dollar to one thousand naira which is just to.use something because a dollar was over 1500 a while back.
It goes to show that one million.dollars will employ one hundred and twenty people in any sector because all sectors have their own infrastructure from banks to cattle ranches to hotel. Investment into infrastructure or stock as the case may be will be similar per head of employee from industry to industry. It will not differ by much.
One billion dollars will employ one hundred and twenty thousand people or a number not much different from that including top management, mid level, entry level, supervisors and minimum wage workers. Can we then say any human being on Earth is actually worth one billion dollars in 2024?.

Stop embarrassing yourself,man!

Only God sabi wetin this guy smoke

helinues:
What's the name of the nurse that skipped her duty?

😂 😂 😂 😂 😂

Na wa o, people full this country Sha 😂

Typing nonsense with full confidence. You must be related to APC.

CodeTemplar:
The post is pointing a very vital point that well beyond the IQ of many commenters above.

Exactly my thoughts too...empty barrels.....But I'm seeing a rehthoric economist point here.

lawani:
Otura Ofun

No one on Earth is worth one billion dollars.

Let us use the hospitality sector as an example. The house I stay in Ijebu jesa is a 4 bedroom and 4 bath house and I believe 20 million naira will finish it up and it is hotel standard remaining furniture. This means that construction cost per room of hotel is around five million naira and economy of scale is still there to further shrink it. It will remain the furniture which can be managed at one million naira per room or less. A well finished hotel will cost a maximum of six million naira per room and it will remain.other areas like bar, kitchen, swimming pool, events hall and etc which can be finished with say 50 million naira or less for a small hotel of say forty rooms. Two hundred and fifty million naira should be able to finish a good hotel where thirty people will work. If it is four hotels the amount will be one billion naira and one hundred and twenty people will work there including managers, General manager, waiters, waitresses, kitchen assistants, chef, plumber, electrician, bar man and etc. There will be managers for the kitchen, house keeping, works and bar and then General manager. It will be a standard business where the GM is chauffeur driven. The total investment is worth around 250,000 dollars excluding land cost. It will be worth much less when everything is restructured with costs including energy costs crashing. I am using an exchange rate of one dollar to one thousand naira which is just to.use something because a dollar was over 1500 a while back.
It goes to show that one million.dollars will employ one hundred and twenty people in any sector because all sectors have their own infrastructure from banks to cattle ranches to hotel. Investment into infrastructure or stock as the case may be will be similar per head of employee from industry to industry. It will not differ by much.
One billion dollars will employ one hundred and twenty thousand people or a number not much different from that including top management, mid level, entry level, supervisors and minimum wage workers. Can we then say any human being on Earth is actually worth one billion dollars in 2024?.

You're not taking automation into account dude

PS: Seun and his fellow monkeys have banned me from the politics section so I had to tell you this here: Wole Soyinka became a professor in 1975, approximately a decade before he got the Nobel

Sirianese:


You're not taking automation into account dude

PS: Seun and his fellow monkeys have banned me from the politics section so I had to tell you this here: Wole Soyinka became a professor in 1975, approximately a decade before he got the Nobel

There is no company in any industry that does not have infrastructure per capital. No matter the level of automation. You can take them.one by one and check. The story about Soyinka was told me by people who knew him. He did not supervise any PhD before becoming a Professor.

Another reason we need the block button on Nairaland. Shebi I for just block this person now.