ALGIERS – The Group Chief Executive Officer of Oando PLC, Mr. Adewale Tinubu, has identified visa restrictions across African countries as a major barrier to investment and economic integration on the continent.
Speaking on Sunday at the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, Algeria, during a session titled “African Giants: In Conversation with Two of Africa’s Most Active Industrialists”, Tinubu argued that the requirement for investors to obtain visas before visiting different African countries discourages trade and collaboration.
“Something as basic as visas should not be a stumbling block. You can get one European Union visa to go to 20 countries, but in Africa, I still needed a visa to come to Algeria. If we are really serious about integration, people who are ready to do business should not need visas to move across the continent,” he said.
He described the current system as “archaic and ridiculous,” noting that it is often easier for African businesses to operate in Europe or the Middle East than within Africa itself. Tinubu cited personal experience, saying: “The reason why we don’t come to Algeria often is that it is difficult to get here, just like it’s difficult for Algerians to come to Nigeria. Sometimes, it can take four weeks to get a visa, so instead people go to Dubai.” https://www.vanguardngr.com/2025/09/how-visa-restrictions-hinder-investment-in-africa-wale-tinubu/
Speaking on Sunday at the ongoing Intra-African Trade Fair (IATF 2025) in Algiers, Algeria, during a session titled “African Giants: In Conversation with Two of Africa’s Most Active Industrialists”, Tinubu argued that the requirement for investors to obtain visas before visiting different African countries discourages trade and collaboration.
“Something as basic as visas should not be a stumbling block. You can get one European Union visa to go to 20 countries, but in Africa, I still needed a visa to come to Algeria. If we are really serious about integration, people who are ready to do business should not need visas to move across the continent,” he said.
He described the current system as “archaic and ridiculous,” noting that it is often easier for African businesses to operate in Europe or the Middle East than within Africa itself. Tinubu cited personal experience, saying: “The reason why we don’t come to Algeria often is that it is difficult to get here, just like it’s difficult for Algerians to come to Nigeria. Sometimes, it can take four weeks to get a visa, so instead people go to Dubai.”
Description Ghana’s President John Mahama has surprised the nation by appointing a Yoruba man as Ghana’s Ambassador to the United Arab Emirates (UAE). This bold diplomatic move has sparked mixed reactions across Ghana and Nigeria. Some see it as a step toward West African unity and Pan-African cooperation, while others question whether a non-Ghanaian should represent the country abroad.
In this Kweku Africa episode, we break down: • Why Mahama made this appointment • What it means for Ghana–Nigeria relations • How this decision could reshape Pan-African diplomacy
seunmsg: Atiku supporter and Twitter influencer fires back at Tanko Yunusa
We are particularly concerned about how the party intends to zone its presidential ticket. Considering that the presidency is currently held by the South, issues of equity and fairness must guide such decisions if the party truly aims to secure victory in the 2027 elections.
Seezion2: In response to the question the FCT Minister Nyesom Wike asked if anybody has ever seen any American calling President Donald Trump a criminal before, Sowore has now come up with a video showing an American lady openly calling President Donald Trump a criminal during a public gathering and the audience in reaction was clapping and cheering the moment.
LazyChef: ***BUSTED: SOWERE LAUNDERS MONEY THROUGH SON, KOMI
Sowore is bankrolling his 14-year-old’s elite Dwight-Englewood education $163,815 a year plus $700 for an iPad, while pocketing millions from shady “cashtivist” schemes, blackmail and foreign grants. He flaunts luxury on the back of corruption and hypocrisy.
The desperate propaganda that Nnamdi Kanu's health is "deteriorating" is nothing but a tired tactic. This is the same strategy he used in 2017 when he was granted bail to Senator Abaribe, and instead of facing trial, he vanished. Nigerians must not be fooled again. The character of Nnamdi Kanu disqualifies him from any claim to mercy or premature release.
This is a man who, while on bail for serious charges of treason, brazenly jumped bail and fled the country. While abroad, he continued to direct his violent campaign, proving that confinement is the only means to neutralise the clear and potent danger he poses. This act alone demonstrates a profound disrespect for the Nigerian judiciary and the rule of law.
Let me break the ice with these unanswered questions. How many of his self-appointed doctors has he sacked just for giving him a clean bill of health? Facts speak! Empirical facts speak louder! Who are these doctors, and what role did they play? What was their offence that MNK sacked them? It is assumed that they are core professionals.Their integrity must have been unquestionable before he hired.
Likewise, the DSS medical team has given Kanu consistent, professional care, from what we know. Even those personal doctors he hired have been allowed to see him, as he also affirmed before now. If there was ever a plot to harm him and not serve justice, I doubt he would be alive and well today. The so-called "overdose" claims and accusations of attempted murder are mere lies, manufactured to discredit professionals as leeway of getting out of custody. This alarm by a compromised prof from nowhere is nothing other than Kanu's usual gimmick.
The truth is clear: Kanu has never been denied medical attention in custody. The sudden noise about failing health is just another ploy to escape justice, nothing new. The court date is close. And rather than face the charges, his camp is trying to create excuses. The clamor for his release would only be an invitation for him to resume his campaign of terror and instability, plunging the Southeast into another cycle of violence.
The esteemed judges of our courts are faced with a decision that transcends legal technicalities. They are guardians of both the law and public good. Their duty is to interpret the law in a way that sustains the nation, not fractures it. The pursuit of justice and upholding the rule of law must take precedence over individual interests. Nigerians cannot afford a repeat of 2017; this time, there will be no disappearing act.
Well said... The Oba earned my deep respect and he made a very strong case here from start to finish.
I saw the video of that loquacious girl just yesterday where she was rambling on in English and Yoruba languages about the attempt to engage in what she called "tatata" with 100 men in Ikorodu. I wondered if her parents and family members are still alive. There's NO absolute freedom anywhere to do whatever you like such as walking in your "birthday suit" on Akin Adesola Street, Victoria Island, Lagos all in the name of freedom, and all these youngsters misusing the social media to put out ridiculous contents online MUST be put in check!
Yes, you can trade the Volatility 75 Index (V75) on Saturdays, as brokers like Deriv offer access to these synthetic indices 24/7, meaning they trade on Saturdays and Sundays when traditional markets are closed. These indices are designed to simulate market volatility and can be traded on platforms that provide them, but remember they are high-risk products. How to Trade Volatility 75 on Saturdays
Choose a Broker: Select a broker that offers synthetic indices, such as Volatility 75, and supports trading over the weekend.
Use a Demo Account: Before trading with real money, practice on a demo account to familiarize yourself with the platform and the index's behavior, especially during weekend trading.
Apply Trading Strategies: Develop and apply suitable strategies for volatile markets, such as breakout trading or using support and resistance levels.
Use Multi-Timeframe Analysis: Analyze charts across different timeframes to identify significant turning points and market flow, then use shorter timeframes to find entry points.
Considerations for Trading Volatility 75
Market Specificity: Remember that V75 is a synthetic index, a product designed to simulate market volatility, and not the real VIX index, which tracks the S&P 500's volatility.
High-Risk Product: Trading volatility indices can be high-risk due to their erratic nature, so it's important to manage risk carefully.
Broker Information: Broker offerings, including their regulatory status and minimum deposits, can change, so always check with the broker directly before opening an account.
VIX DAILY PIVOT ANALYSIS-2A - FX & VIX Traders Blog
To get daily pivot points for the Volatility 75 (V75) 1s index, you must use a platform that provides real-time or historical price data for the index and has built-in pivot point indicators, as the points are derived from the previous day's high, low, and close prices and change daily. Look for a trading platform or a financial analysis website that offers the V75 index and includes pivot point tools to generate these levels.
How to find daily pivot points Access a Trading Platform: Log in to your trading platform or access a financial analysis website that provides real-time data for the V75 index.
Apply the Pivot Point Indicator: Find the pivot point indicator within your platform's charting tools or technical analysis section.
View the Results: The indicator will automatically calculate and display the daily pivot points, which include the central pivot point (PP), resistance levels (R1, R2, etc.), and support levels (S1, S2, etc.).
Understanding Pivot Points Calculation: Pivot points are calculated using the previous trading period's high, low, and close prices.
Purpose: These levels serve as potential areas of support and resistance, indicating where price direction might change.
Daily Fluctuation: Because they are based on the previous day's data, the daily pivot points are dynamic and will change each trading day.
What to look for V75 Index Data: Ensure your platform offers data for the specific V75 index you are trading. Customizable Indicators: Choose a platform that allows you to add pivot point indicators to your charts and customize them, such as Fibonacci, Camarilla, or Woodie's pivot point types.
Odewaleadesoye: Ibadan celebrates history today as Oba Rashidi Adewolu Ladoja is crowned the 44th Olubadan of Ibadanland at Mapo Hall. Gov. Seyi Makinde presented the staff of office, with Pres. Bola Tinubu in attendance.
[quote author=Redbo.neS.mith post=133092845]Random Nairalander: "Igbo red cap came from army vets returning from War II".
World War II was fought between 1939 and 1945. If Random Nairalander is correct, we should not find any records of Igbo people using the red cap before the 1940s.
Now the Truth....
1. Screenshot One: Taken from the book "The Gospel on the Banks of the Niger" by Rev. Samuel Crowther and Rev. John Christopher Taylor, published in 1859. The writers describe the Obi of Onitsha in the 1850s wearing "a red cap adorned with twelve feathers..."
2. Screenshot Two: Taken from the book "Up the Niger" by Captain A. F. Mockler-Ferryman, published in 1892. The writer describes the wearing of a red cap as the distinguishing mark of a chief in Asaba. [The sacrificing of humans as part of the process of obtaining titles in Asaba is regrettable, but it is what it is.]
3. Screenshot Three: An early picture of an Obi of Onitsha (1890), showing him wearing the red cap with feathers around it.
4. Screenshot Four: Obudugbo, Ezeana of Neni, a titled man from Neni in present-day Anambra State, photographed by the anthropologist Northcote Thomas in the 1910s, shown wearing the red cap with feathers.
Random Nairalanders should perhaps practise the art of shutting the hell up when they do not have enough information on a subject.[/quote]
[quote author=Aba.gwo.ro post=134477637]It's not about the world believing but reality cause I've been a millionaire in Dollar for more than 15 years, nobody knows me and I don't count myself as rich cause I already know thousands of people much wealthier. The devaluation of Naira in 2023 reduced many people's worth but not to the level of only 4200 millionaires in Lagos.[/quote]Bump.
Imperial Citizenship, a Dubai-based leader in Citizenship and Residency by Investment (CRBI) solutions, has announced its expansion into Nigeria with a new office in Lagos. This move capitalises on the nation's thriving economy and its fast-growing population of high net worth individuals (HNWIs) seeking international investment and residency options.
Imperial Citizenship boasts a successful track record, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments globally provide a diverse portfolio of investment programs that comply with international regulations.
"Nigeria's position as a major African economic powerhouse, coupled with its burgeoning HNWI population, presents a significant opportunity," Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship. "Our presence in Lagos allows us to directly serve this growing segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility."
The continent is witnessing a surge in HNWIs, creating a lucrative market for CRBI firms like Imperial Citizenship. According to the International Monetary Fund (IMF), growth across Africa will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025.
Imperial Citizenship caters specifically to investment-savvy individuals from these countries by offering residency programs that often require investments in real estate, government bonds, or business ventures.
“The launch in Lagos is a viable investment that can provide attractive returns while simultaneously qualifying clients for residency and potential future citizenship, depending on the chosen program”, Zaid adds.
Imperial Citizenship leverages direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, a critical factor for investors seeking secure and reliable options for their wealth.
Speaking on Imperial Citizenship’s approach to CBRI, Zaid says “we go beyond simply offering programs. We provide dedicated advisors who understand the unique needs and risk tolerance of each client. This personalised approach ensures clients receive tailored investment options that align with their financial goals”.
The launch of the Lagos office underscores Imperial Citizenship's commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele seeking international opportunities.
Looking ahead, Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa's rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global diversification and mobility.
Bump.
Grenada's Citizenship By Investment (CBI) program.
talkingmoneyng: If anything, the exact opposite is true. There is something that I heard way back in 2004 that has stuck with me till this day. A lady who had recently lost her husband shared an all too familiar story of hardships that families go through when their breadwinner passes suddenly. Rent, school fees and other bills were piling up and she couldn’t keep up. She was fortunate that her husband’s family was supportive but their charitable spirit didn’t last long. After about a year, she was truly on her own.
She found a life insurance policy document amongst her late husband’s documents and presented it to the company the next day. Her husband had saved up close to N1 million with this company and had a life insurance cover of N5 million. She was entitled to all of it. That may not sound like a lot of money today but what the lady said, while holding back tears was, “Insurance is not for the dead, it’s for the living.”
That money didn’t change their lives but it meant that they could live in their home for at least one more year, the kids could go to school for at least one more year and most importantly, the money gave the lady a buffer period to find her feet financially. She said that was the best thing her husband ever did for his family.
Another conversation comes to mind. I was selling a child education plan to some “big men” in a recreational club and they all saw the benefit of the product. They were all in their late 40s to early 50s and the policy terms were that if they passed away during an academic year, a lump sum of N3 million would be paid directly to their child’s school and the account would be debited for all expenses until it ran out. More so, the product cost only N5,000 a term; the kind of money they spent in one night without even thinking about it. They all signed up on the spot except for one of them.
The gentleman who didn’t sign up insisted that he had no need for insurance. The property he had amassed for his wife and kids (in their names) were enough to see them through if he was no longer in the picture, he boasted. Suffice to say, I (and his friends) couldn’t convince him to take up the policy. What he was effectively saying was that his family should sell their inheritance, their birth right if he dies because he didn’t want to spend N5k.
As much as I disagreed with his philosophy, I will admit that on some level he had a point. The rich can possibly get away without buying insurance if they chose not to buy. The richest man in Africa for example has a net worth larger than the balance sheet size of the whole insurance industry put together. What he needs more of is estate planning provided by a greed of lawyers (yes, that’s how you say it), trust fund administrators, tax consultants and other professionals. If his car got stolen, he probably could buy a new one the next day, cash down and if he passed away suddenly, the assets distributed in his will could set up his family for generations without the need for insurance.
An employee of the richest man in Africa however, shouldn’t have any delusions about the need for insurance no matter how much he/she is being paid. If your salary forms a major part of your income, you need to buy insurance, period! If you are a self-employed business owner with “good” months and “bad” months, you need life insurance even more because there is an even smaller safety net for your family.
Insurance doesn’t pertain just to life and death however. If you were to lose your car due to theft or fire, can you afford to replace it? If yes, how long will it take you? 3 months, 1 year? Would you have to borrow a portion of the money? In the meantime, you would be back to hoping on buses or waiting for colleagues going your way to give you a ride home.
Even if you have already saved up enough to replace the car immediately, those savings are not being accumulated to replace a car; they are meant for something useful like furthering your education abroad or a deposit for a home of your own.
Enough Talk, Act Now
Insurance is a safety net and counter intuitively, the closer to the floor you are, the more important it is to have an insurance safety net. It can be the difference between being middle class with a positive outlook and being plunged into abject poverty.
I know a family who moved from their home in Victoria Island to a rented flat because their house got burned and they couldn’t afford to restore it. So, if anybody tells you that insurance is for the rich, tell them they are wrong and please educate them because now you know better. Remember, insurance is for the living, it’s for your family, not for you.
If you would like to know more about how you can secure your family’s future with a N1 million insurance policy for less than N1,000 a month, drop me an email at [url] mailto:insurance@talkingmoney.com.ng[/url]
To follow the money myths series and to read other articles about personal finance, visit www.talkingmoney.com.ng
Insurance policies are indeed very important for everyone to guide against unforseen circumstances.
talkingmoneyng: The overarching objective every responsible parent has for their child is for them to be successful and financially independent when they get older. A popular prayer in Yoruba land ask for our children to be more successful than we are and there must be similar versions of this prayer from other parts of the country. Despite our best intentions though, the reality is that children don’t come with an instruction manual or one of those foldout quick installation guides like the one that came with your laptop. Even when a parent discovers and adopts an approach that works for one child, it might be totally unworkable for a sibling.
So what many of us parents do, is to default to the methods that we were subjected to by our own parents. We make sure our kids get up early, get to school on time and do their homework when they get back home. We ask them, "How was school?" and are satisfied when we hear an offhand "Fine." in response. We review their report cards, praise or admonish as appropriate and we trust in the belief that once they are spewed out the rear end of our education system along with their classmates, they will find a decent job. In many cases, that is the extent of our participation in their financial security - provide a good education.
Every parent wants their kid to be the next Mark Zuckerberg but some of us push them in literally the opposite direction by equipping them with the tools that make them more likely to end us as Zuckerberg's employee than as the billionaire himself. We forget or probably don't know that Mark dropped out of college to start his business. So too did the richest man in the world right now, Bill Gates, so the best education does not necessarily guarantee that your little one is an Aliko Dangote in the making. You know what, let me pause and reel out names of some successful people who didn't complete their education.
Richard Branson dropped out of school age 15 after being frustrated with his learning disability, Steve Jobs also dropped out of college without the faintest idea of what he was going to do with his life. Albert Einstein of all people didn’t make it in school past age 15. The world's first billionaire, John D. Rockefeller Sr. was also a drop out. Ray Kroc who created the world's largest fast food chain, McDonald's is also on this list and in case you think it's only old men who fit this mould, Elizabeth Holmes, who is considered to be the world's youngest female billionaire at age 32, is also a drop out.
Closer to home, what about Africa's richest man, Aliko Dangote? Dangote was born into a wealthy home, third generation money in fact so he had a very good start. According to his profile, he has a degree in Business Studies and Administration from the School of Economics & Business, Al Azhar University in Egypt but read what he said in an interview a few years ago: "All my business acumen and instincts I inherited from my maternal grandfather. As his first grandson, he poured his business wizardry into me. I would not have been where I am today without him; a very great man, loving and caring." Dangote may have gone through the school system but he owes a lot to the informal education and exposure he received from his grandfather.
George W. Bush, who isn't remembered as the most eloquent or brightest U.S presidents once said to a class of graduating students, "To those of you who are graduating this afternoon with high honours, awards and distinctions, I say, well done. And as I like to tell the C students, you too can be president."
That quote sums up one half of what I intend to communicate in this post. I am by no means saying that education is bad or that children shouldn’t be encouraged to get the highest grades they are capable of; but if you truly want your children to sour as high as their potential, there are skills they need that they simply won't learn in a conventional classroom. Any measure of financial success usually comes from having the right mix of a strong character, a clear vision, determination, some talent and the right connections to the right people.
If you want the laundry list, I’ll add street smart, a sense of humour, ingenuity, resourcefulness, Omolúabí (google it) and the gift of the gab. If you agree, even in part, that these are some of the traits of the billionaires we have in the today's world and time past, then ask yourself; "Where is my child learning any of these?" Another question I want to pose to you is, "Are people born with these traits or can they be cultivated?”.
Ultimately, the responsibility for creating the bedrock of your child's financial future rests with you. Don’t say his father should do it or it's her mother's job, just do it. You cannot abdicate the responsibility to the education system either because with every passing year, the schools are axing or reducing time allocated to the very activities that stand any chance of instilling these character traits in children (sports, music, drama, art etc.). Well, since it's your responsibility, where do you start? Here are four things you can start doing today to raise a billionaire! Become Conscious of Your Own Attitude Towards Money Your attitude towards money is shaped in part by what you observed from your parents. If you have a good savings culture, it's likely because you observed your mum save money in a jar regularly or perhaps watched her surreptitiously roll some Naira notes into different wrappers she tied across her waist and wondered to yourself how she manages to ever find them again. If you are known to be a big spender, maybe you observed your father spend impulsively on more than one occasion particularly while having drinks with friends or it could be that the same observation had the opposite effect on you because after he came home, he would have only excuses left to offer your mother.
Some families pass down unhealthy money habits from generation to generation like cherished heirlooms without even realising it. Bad money habits have kept some families at the same level of financial security (or insecurity) for centuries and will unfortunately continue to do so if someone doesn’t break the mould. Formal education, technology and urban migration may have managed to create some outliers in recent times, in fact, you may be an outlier yourself, standing apart from your siblings, cousins and other relatives but some of your unconscious words and actions can still influence your children negatively.
A lady by the name of Katharine Whitehorn once wrote, "The easiest way for your children to learn about money is for you not to have any". Powerful words and I've seen those words manifest themselves in different ways in lives of some friends and acquaintances. A particular ex-colleague of mine is a "natural born hustler" who has been a gifted and ambitious sweet talker all the years I've known him. It's not hard to tell that his work ethic and attitude to money are based on a deep rooted orientation; he grew up in a family that wasn’t very well off and being the oldest of 5 kids, he has been supporting his family practically all his life, right from when he was hawking oranges after school to now that he has his hands in so many business interests from haulage to a water bottling plant.
Today, he is doing quite well financially but I worry he may be passing bad money habits to his children, which are, he takes his money too seriously, he doesn’t give freely, when he gives, it's a loan and when it's a loan you can bet that it's with interest. I've heard him on the phone talking to contractors, suppliers or even staff (who can all be generally hard to deal with in Nigeria) and his words and mannerisms can get quite heated and animated when the discussion concerns money he is owed. It's worrying for me because he doesn’t seem to be aware of this behaviour and the "anger" from the conversation stays with him for a while. I can't imagine that he would tone down that attitude when he gets home (he's not that kind of person) so he is likely exposing his children to the same behaviour and attitude.
Who knows how this will play out for his kids? It's possible it may affect each of them differently depending on their personality, age or their gender but the bottom line is that you need to be more conscious about your attitude, your spouse's and that of others who may be influencing your children.
Nurture Their Talents A senior friend of mine complained recently that his 12 year old son is turning into a "Youtuber". He is constantly recording something or the other on his phone, filming his siblings and uploading videos of them online. I've seen some videos he has uploaded and I have to put a stop to it". What I did when I heard this was to pull out my phone and opened this webpage on BellaNaija.com. Quick summary before you open the link; basically, a 22 year old Nigerian born British rapper made $4.5 million (that’s over N2 billion in today's money) from YouTube between 2014 and 2015. My senior friend read the story and smiled. "Maybe I can encourage him a bit more", he finally said.
My dear friend, the world we live in is changing in ways that we won't understand until the change happens to us. The traditional workplace is changing and not even the doctors', engineers' or bankers' jobs are safe. So many jobs will be obsolete in 20 years from now and we are training our kids to do jobs that won't exist when they finish their education.
As the decades roll by, more and more millionaires are emerging and they are getting younger. How many millionaires have emerged from the traditional workplace within the same age brackets since 2000? Exactly, very few. You can leave your comments below if you want to argue this out.
Irrespective of age or technology or any other variable, one thing that remains true over the last three centuries at least is that those who excel in life are those who enjoy what they do. In other words, they would do their "jobs" even if they were not getting paid.
Passion is one distinguishing factor between the rich and the poor but unfortunately, you cannot purchase passion for a child. You need to identify it and nurture it because that may be the source of the financial independence and fulfilment you seek for him or her.
My eight year old nephew is crazy about football. He supports Liverpool FC like his dad (poor boy) and he plays every Saturday morning at least. He's turning into quite a decent goalkeeper and his parents are his biggest supporters.
If he carries on like this, a time will come when his parents may have to decide whether the path he will take will lead him towards professional football or something more traditional. They have some time to take that decision and the reality is that he may not even want to be a professional footballer when he gets older but if say he becomes a materials engineer for example, the spark of invention to create a revolutionary footwear or some knee guard that all footballers will wear one day can only come from years spent on a football pitch, nurturing his talent.
Teach Them About Value Not Just Money One thing that sets the rich apart from the poor is their perception of value. I heard a story (though I've not been able to confirm it independently) of a young thirty something year old man who inherited a multi-story office complex on Victoria Island from his father and subsequently sold his stake in the building to raise capital to buy a government owned downstream oil company. A massive gamble to take after inheriting such prime real estate. The money he would have earned as rent from that property is probably more than many people can earn in a lifetime. He could have chosen not to work anymore and lived comfortably on the rental income for the rest of his life but today, he controls one of the most influential oil companies in Nigeria.
Many parents don't give much consideration to consciously teaching their children about money. Those who do, dutifully stress the importance of saving and try to encourage good money habits. That is what some of us learnt from a young age. We obediently saved in weeks one, two and three or months one, two and three but we all eventually made a fundamental mistake (at last the first time). Once we accumulated enough money to buy that toy or that game or that dress, we neatly arranged all the notes and coins and handed them over to the seller. We would have a shiny new thing in our hands but our savings went back to zero.
Granted, if my parents told the 19 year old me not to hand over my saved £100 or so to one retailer on Kilburn High Road, I would only have obeyed grudgingly (I wanted a leather jacket really badly)and I would still have bought it eventually anyway because I felt I deserved it.
What we need to do more of, is educate our children about concepts such as negotiation, opportunity cost, delayed gratification, earning assets versus non-earning assets and compound interest (in a language that they will understand obviously). If I knew about the opportunity cost of buying that jacket and instead used the money to buy a Cash ISA (a tax-free Individual Savings Account), today, I would have almost £3,000 in savings. I could buy all the jackets I ever wanted. Going back to Dangote’s quote above, these must have been the concepts his grandfather was sharing.
Teaching a ten year old to practice delayed gratification by saying for example, “If I buy you ice cream today, you can't have pizza for dinner tomorrow but if you wait till tomorrow, you can have both” can be very powerful. If the child actually waits and is rewarded with both ice cream and pizza, positive neural pathways are formed in the brain that he or she will default to later in life when faced with similar decisions.
Encourage Giving The act of giving and general acts of kindness are enshrined in most religions. According to the Bible and the Quran, not only does the person receiving benefit but the giver himself/herself will be blessed richly and receive back in multiples. I have personal experience of this principle myself, so I give as much and as often as I can; not just money but also time (which I consider more valuable). It's good to let your children understand this principle of giving and receiving back in multiples as early as possible and when they buy into it, they will amaze you with how far they will take it. It's a practice that will stay with them all their lives. Besides the religious benefits of giving, research has shown (and you may also have experienced it) that giving selflessly is pleasurable and might even have some health benefits.
For children, helping someone less privileged can have a tremendous effect on them. Especially when they are young, they are extremely kind and eager to please those that they love. Starting a culture of giving from an early age can make your child more sympathetic to the plight of those who don’t have for instance the new toys or new clothes that he/she gets without much effort. This culture of giving can also make your child introspective and thoughtful which in turn could help develop critical reasoning skills or unlock a passion to solve a problem or fill a need experienced by someone in his/her life.
The pleasurable feeling derived from giving can boost your child's self-confidence which ensures a more-rounded development and finally, your child's attitude to money will not be clouded by a "poverty mentality" which has kept many Nigerians from having any vision larger than their next meal or their next pay check.
In all, imbibing a culture of giving from a young age, can set your child above his/her peers psychologically and emotionally. This one trait can give him/her a completely different perspective to issues of life and interpersonal skills with the hallmarks of a future leader. It's individuals like that who grow up to have unshakable purpose and a crystal clear vision.
Enough Talk, Act Now. I don't recall an occasion while growing up, when either of my parents sat me down and said, "Sit down. Let me teach you about money". I do recall however watching and listening to them on the dining table talking about issues or just about their day. I developed my values, work ethic and attitude to money while having Saturday dinner and Sunday lunch with my parents. Spend time with your kids, or rather let your kids spend time with you. They will discern over time what your values and priorities are and also what your attitude to money is.
Allow them to explore their talents and interests. It's what they enjoy doing that they will do most and ultimately become masterful at. Tony Hawk (48 years old) has been a skateboarder all his life and is arguably the greatest to have ever step on a board. He may not wear a tie and jacket to work every day but I reckon his parents are happy with his $120 million net worth (yes, from skateboarding). His parents didn’t encourage his skateboarding per say, it was more like they gave up trying to stop him and he made a fortune from it.
There are many charitable organisations in Nigeria you and your children can support. If you can't pick one, you can visit www.234give.com and support any of the listed charities that you fancy. You can even make the children choose and have them tell you why they want to. What I do on some Sundays after church, on my way home is, I just drive up to someone who looks like they are having a hard time and hand them some money. Not a huge amount, but enough to put a smile on their face and make their day.
Actively grooming your children to have the mind set and qualities of a future leader and billionaire takes an investment in time, money energy and some weekends sure but remember, if you're not teaching them, someone else is. I hope for your sake, it's not people like the Kardashians.
Impressive insights from Aliko and his maternal grandfather.
Truthseeker10: It seems you trust the information in the bible since you know how the bible should be interpreted. Is that so?
To show more CLARITY... The bible is a mishmash of allegories, contradictions and outright falsehoods. How can a book that endorses murders of men, women and children OR the sharing of the spoils of war by sharing captured women among the supposed victorious Israel warriors in the Old Testament be a "holy" book? A book like that CANNOT be a holy book.
Same with the Muslims who had copied or lifted materials from the Jewish Old and New testaments and other non-bible sources. I DON'T have the time to delve deeper into these specifics BUT had to reply your post to clarify some things. These orthodox religions are what they are... Copies of copies. That's why I naturally left Xtianity BUT I believe there is a vibrational "Life Force" beyond space and time in charge of our solar system or universe, BUT NOT the way the Xtians and Muslims describe IT. This solar system is NOT an accident but based on intelligent evolution in time and space.
Read up some more books that I have read over the last 45 years on this subject matter. You can ALSO use Google and YouTube to do an initial research of these books BELOW by reading excerpts before buying them online or offline.
1 Acharya S. (Murdock) she's an American who wrote several books on the Astrotheological origins of Christianity and some other religions based on the veneration or worship of the SUN based on the movement of the SUN and stars in the 12-month constellations. Hence, Jesus is the SUN (corrupted to SON of God a few centuries ago, BUT the original manuscripts contain SUN NOT son). The SUN (Jesus) moved with 12 disciples, the Sun was born of a virgin, referring to the sign Virgo in the 12 month constellations, etc. This is consistent with the stories of the Savior Gods (SUN Gods) such as Horus of Egypt, Krishna, Buddha, Mithra, etc, who were all SUN Gods known to the ancient world.
The book "Suns of God," and "Who is Jesus?" are 2 out of Acharya S' books that will open your eyes and that of others more to the insidious ways the orthodox religions clergy over the centuries have manipulated the masses and they don't want you to know the FACTS because they will be out of business, BUT it's already happening with the pervasiveness of the Internet and the spread of books and archival materials that have been in the public domain for decades BUT can now be easily got online.
2]The Bible Unearthed. Written by 2 Jewish guy s on the mythical originals of the bible. The story of Noah was lifted directly from "the Epic of Gilgamesh" which isn't even a religious book.
3] Jeffery Arthur's book on the pre-Islamic era in Arabia and ancient Islam including how it evolved from the polytheistic "moon worship" 🌜popular in the Arabian Peninsula centuries back with archaeologists photographs of ancient engravings of people bowing down to the moon.
4] Jesus the Man by Barbara Thiering on the real allegorical meanings of the so-called miracles of the bible Jesus such as walking on water, turning water to wine, feeding the 5000, and then feeding the 4000 with loaves of bread and fish, etc.
HisaacPlus: The famous 1971 handshake between musicians Sunny Ade and Ebenezer Obey.
The handshake is historically instructive as it became newsworthy at the particular time following claims of a rivalry which lasted for many years.
Recently, Ebenezer Obey said the rivalry was a concoction by fans and the media. "The competition between myself and KSA was projected by fans and media. It almost turned our music into politics. I thank God it never happened.
Every time, it was “Obey this, Sunny that”, we both always ensured that we neutralised all that fake rivalry. This was why I said that in one-word musicians should not see themselves as competitors but as contributors to the growth of the Nigerian music industry," he said.
Meanwhile Happy 79th Birthday to a living legend, Juju Maestro, King Sunday Adegeye aka King Sunny Ade 📊 🚨King Sunny Ade is the First Nigerian Artiste to be nominated for Grammy in 1983 for his work "Synchro System" 📀🎵
- He took JuJu music to the world 🌎
True that.
KSA is indeed the FIRST EVER Nigerian artiste to be nominated for a Grammy Award in 1983. The delectable Ibadan-born, British-Nigerian (whose London School of Economics-educated Economics Professor father hailed from Ikere-Ekiti), Folasade ADU ['Sade ADU] eventually won an actual Grammy Award in 1986 followed by the Lagos Island indigene, SEAL (Seal Henry Olumide Samuel) in the 1990s for his massive hit "Kiss From a Rose" music track.
Those were the days... Legendary men. KSA and Ebenezer Obey.
Some religious folks entered there and started to brag how their religious book is perfect and scientifically proven…
Well, we call something confirmation bias, people tend to be so bias to what they belief. Some get very irrational and emotional… some simply don’t have the mental awareness and capacity to think beyond what they already know (in fact majority lack critical thinking abilities).
Thanks to Ai, we can now get a neutral unbiased view of some things
Do you have any belief system you have been afraid to question? Either politics, educational, religious or cultural belief..? Just ask chatgpt to give you a “BRUTAL HONEST FEEDBACK” Normally Ai will try to be nice and diplomatic, but to get the best result, tell it to give you the raw truth without filter..
Let’s catch fun and screenshot the results here
Rather than endlessly arguing, just let’s AI it… hahaha
Use any one you want, DeepSeek, metaAI, Grok, chatgpt
Ai has no mercy in your ridiculous logic and views
Impressive takes.
That story of Noah, the ark and flood are derived from a totally non-religious source known as the "Epic of Gilgamesh." I've known this FACT through comparative religion studies since the 1980s through to the 1990s before these AI tools even existed. People have to learn how to read far and wide in order to break away from the religious dogmas they were born into in order to unleash their true potentials in life.
Even several Jewish scholars who's books I've read over the years know full well that I've the bible is NOT to be taken literally BECAUSE of the use of midrash (allegories) to depict events.
"The Bible Unearthed" is one of the greatest books written by Jewish writers who state CLEARLY that the bible contains a lot of non-literal events. So, it should NOT be interpreted literally. Nice thread.
ProjectsCityNG: It's fine. I can run the contact for you if you really want to pursue the course by July. You should also know that people with your kind of projects have been flooding to Oyo state too. Almost all the roads along the major express road. Just an hour from Ojoo are being sold daily
Christlike01: I’m from the Dosumu lineage — a descendant of Eshugbayi Eleko, who reigned from 1901 to 1925, and again from 1931 to 1932. I’m a true blue blood — a royal from Lagos Island. I must also add that I’m a descendant of Oduduwa, with ancestral roots in Ile-Ife.
I can accept this white lady as a Lagosian, but I can’t — and will never — accept an Igbo person as a Lagosian, regardless of their migration history. I am Yoruba; I share nothing in common with anyone from across the Niger River.
That's impressive. You're an original blue-blood of Eko.