₦airaland Forum

christian11:
I've not tested o, I don't know o...Those things also cost money, buying mulching films for a plantain farm of about 2,000 suckers of about 7-8ft by 7-8ft, no be ur account u want close? and some may not even last up to nine months before becoming really damaged. However, e be like say na only me dey ask Op questions now, so I want kukuma hold my mouth make e no come be like say I dey too tackle am..

You can START small, make adequate SACRIFICE for a long time thereafter by continuously PLOUGHING BACK your profit to keep growing the business.

At every point you will have to creatively leverage on different credit/loan opportunities.

christian11:
Okay.... Thanks man... I appreciate....
But d suckers, what are they retreated with....
I promise no more questions...

Why promise no more questions?
Abeg fire more questions o jare. That is what will generate more information useful for those in the business already and those contemplating [seriously or not] to start.

Thanks a lot world1 for your labour of love, hotmas911 as well as Seun and the mods who put this on the FP.

Hopefully many NLers have been inspired to see the potentials and will aggressively explore rather than simply wait for some underpaying employment or handouts from leaders who steal our heritage and so DEPRIVE us of the very BASIC amenities of modern life.

stinggy:
Brother, you forgot the crayons?

You forget sey na you hide them for Idi Iroko

barcanista:
What do that make APC? A desperate party or a disloyal party? The interests of members that had worked and sustained the party should be paramount and not sacrificed to reward failures in the name of weaken pdp. How is pdp weakened? Me think the APC is the party that has been weakened in Benue and Akwa Ibom states. I have my reasons and if I was a voter, I won't vote the party in both states for the Senate and Governorship respectively except Presidential(if GMB is given ticket)

E be like sey your eye don dey clear small, small.

Elliotwiz1:
whetin this kind topic dey find for FP?

Information sharing to promote adventurous travelling that educates and opens the eyes beyond one's immediate environment.
Do you have any problem with that

What would you have preferred on the FP?

AZeD1:
Yes and that's because of bureaucracy.
My argument is the same set of people who run private enterprises are no different from those in government. You just need to set the right policies.
E.g, We should get rid of federal character and everything that doesn't scream meritocracy from the Nigerian civil service.

That is a good WISH.
However our reality is that we cannot "get rid of federal character and everything that doesn't scream meritocracy from the Nigerian civil service" and government parastatals as well as government-owned companies.

And I do not think this phenomenon is limited to our country or African countries only i.e. COMPARATIVE better efficiency & effectiveness of the private sector/company vis-a-vis the public service/government-owned company.

mikeansy:
The drive to build local refining capacity in an industrial scale to offset the shortfall in crude sales needs government support.

If after kicking this off and making sure it is succeeding Government decide to privatise it then thats fine. But for now it will not be bad to model NNPC on similar State Owned companies as GAZPROM and PETROBAS.

I think BP used to be state owned until it became Private.

We are probably saying the same thing from different angles.

While you are looking at the starting point with government support I am looking at much further down the line with government-regulated but private sector led robust investment and growth that yields greater REVENUE to government than increased subsidies to parasitic government-owned companies.

Moreover you did not define the type & extent of support you expect from government to kick-start & encourage the initial phase of the industrialisation process.
Do you wish to expand on that

AZeD1:
Britain along with other western nations privatized most of the states owned companies. I have no problem with that. I only brought it because Nigerians have been told that the government is not effective in running a company.

Thanks for bringing this up with very solid examples.
However do you think there is a general, overwhelming consensus of opinion that private investors are MORE effective in running a company

AZeD1:
Norway -> Statoil 67% owned by the government.
Brazil -> Petrobras 64% owned by the government
China -> Economy is dominated by state run enterprises
South Korea -> Kepco 51% owned by the government
France -> EDF 80% owned by the government.

Its a big lie that government shouldn't do business.

The largest 13 oil companies in the world, are state owned.

Thanks for pointing out my over-generalisation with examples of businesses that still remain in the hands of government in the listed countries.
However, you will note that these enterprises have state investments just enough to have effective control while allowing profit-driven private investors to do the day-to-day operations for greater efficiency based on meritocracy.

Moreover you may wish to take note of this news item:

France May Sell Parts of State-Backed Companies
April 5, 2013

The French government is considering selling portions of state-backed companies to help improve its finances, as the crisis in the euro zone's second-largest economy deepens, according to government officials.

The socialist government of President François Hollande, which has already said it can't meet budget-deficit targets it promised its European peers last year, is exploring how it could sell off slices of companies without sacrificing the measure of control that government ownership helps it retain.

"As part of the budget restructuring, and the modernization of our public policy, we are indeed thinking about changing our ownership stakes," France's industry minister Arnaud Montebourg said in an interview.

"We're not ruling out that kind of move, but we do not want to lose our means of influence over companies," Mr. Montebourg said.

Any stake sales would come as the government struggles to rein in a fast-increasing debt load with an economy that has been stagnating for over a year. Mr. Hollande has raised taxes and pledged to cut spending, but still has little room for maneuver as he seeks to balance the country's budget by 2017.

The French state directly and indirectly owns controlling stakes in stakes in several companies, such as nuclear-engineering group Areva SA, and has significant minority shares of companies including France Telecom SA, airline Air France-KLM and car maker Renault SA .

Mr. Montebourg declined to say which companies might come up for sale, but another government official said that selling some of the country's 85% stake in energy behemoth Electricité de France SA would be "the obvious choice."

France's national debt grew 6.8% to €1.83 trillion ($2.37 trillion) in 2012, or more than 90% of the country's GDP. In the 2013 budget, the government forecasts that it will spend around €48.8 billion servicing its debt.

EDF's shares have gained around 12% since the start of the year, and France can lower its stake to 70% under existing law. Reducing its stake down to 70% would garner about €4.3 billion based on EDF's current share price.

More from: http://www.wsj.com/articles/SB10001424127887323646604578404260912499092

I believe Britain did similar privatisation starting in the 80s under Margaret Thatcher.

mikeansy:
Oil in Nigeria is not mere business. It is central to our National Security.

What we do with crude oil is the business of Government.

You were not talking about what we do with crude oil simply, were you
I thought you were talking about refining locally vis-a-vis the pump price as per your initial posted below?

mikeansy:
Is it impossible to invest on boosting local refining while still subsidising pump price?

chemali:
And I guess Sure-P has been a resounding success.

Is it safe to assume that you agree it is a success BUT do not think the success is big enough to be qualified by you as resounding?
Did I get that right

mikeansy:
Is it impossible to invest on boosting local refining while still subsidising pump price?

Government has no business DOING business.

Its role should be to facilitate and regulate the private sector participants to ensure the consumers/citizens are not taken undue advantage of while ensuring prompt receipt of taxes and excise duties etc due from the investors.
Do you know of any developed or seriously developing country whose companies/industries are OWNED/RUN by the government

I hope I have responded adequately to your post.

GenBuhari:
Yet a servant leader awaits your instruction to allow him to sort out this mess.

I finally see something to agree with you- General Muhammadu Buhari is so bereft of ideas (as demonstrated in his image laundering Channels TV interview) that he has to wait on our instructions to know what he needs to do.
Such an epitome of DAFTNESS.

Anyway sha nor be today the man start to dey wait for instructions, even when with his supposed peers



https://www.naijarchives.com/wp-content/uploads/2014/03/Buhari-At-OPEC-Meeting-In-1977.jpg


I guess only those who are MORE clueless than the old soldier is, are the ones clamouring for his return to power so he can beat their "senseless & useless" brains into discipline

braine:
Lol. But why can't we refine and use our thing locally, and dropping the price of PMS to something below N40 + reducing price of other petroleum products to enhance the local economic productivity? Or is there something off-key with this idea?

When the forward-looking Jonathan/Sambo administration proposed subsidy removal almost three years ago, did we not cluelessly follow the dubious characters in the "opposition" to reject the sound economic initiative

A move for DEREGULATION that would have meant enhanced local refinery capacity that would INITIALLY result in increased fuel pump prices but reduction over time accelerated by this type of crude oil price drop. The federal government would have STOPPED paying subsidies and instead be receiving licencing fees & taxes to be SHARED as usual with the 36 states and 774 LGAs!

The question is why are we so clueless by focusing on short term POPULARITY gains and neglecting the SACRIFICE needed to pursue long term POLICY gains

Firefire:
don't you think that is TRUE DEMOCRACY ?

I will not interfere in your peoples choice, go and fight for your jersey... Jonatha is truly a democrat.

Thank you Ebele for not imposing anybody upon somebody.

You mean unlike the "family affair" going on in the progre'THIEVES' camp

The leaders have cornered SINate seats for their wives, HoR seats for their sons & sons-in-law, state HoA seats for their sons, daughters & daughters-in-law

BTW did anyone also notice the margin of moonslide wins in the APC "arrangee" primaries
What manner of progre'THIEVES do we have these days!

The PDP stakeholders need to pacify Koro so he does not become a spoiler.

Osun state on my mind!

aljharem:
Jimi has my FULL SUPPORT !!!

Congratulations. Time to destroy APC for good !!!

This is the TEAM spirit necessary to dislodge the JagaBandit and his THIEVING empire in Lagos state.
Agbaje has to be careful about his own personal safety & security lest they kill him as they did Funsho Williams

We shall OVERCOME by His Grace, Insha Allah

Raymondenyi:
This man that lacks every iota of a leader; a man that cannot run his home; an acute womaniser; that spends constituency allocations on vvaarious pants; God help kogi and her people; had this man been from my constituency; I'll personally make sure he doesn't see d light of the day...

All that does not matter
As long as he is with the Arewa People's Congress, APC he is a born-to-gain progre'THIEF

How many Deputy Governors have won primaries previously

majekdom2:
you keep missing my argument , do you anna compare a refinery to a cement factory ? my point is it aint childs play building a refinery , he will be doing that all alone and so the govt cant tell him what price to sell , the only price determinant in that sector will be other competitiors except you will have the govt still paying subsidies for importation which would make no sense .yes you have star times by nta , dunno if am right but there is still preference for dstv . you missed the argument there again , no one will force you to buy kerosene when the price goes up as you have coal as an option .if thats what you mean .where would the refineries rank in global competitieveness should be the question not just say we have refineries.

May I humbly request you at this point to go and read MORE on macro-economics of industrial development, monopoly, competition, price stabilisation etc over different time frames?

Sal-am!
Shalom!!
Peace!!!

majekdom2:
whatare you saying here , the sim sale was because we had a govt who wanted to make money from gullibe Nigerians , just like they will be making money from this also and have you bothered to ask yourself why etisalat came to Nigeria years when other operators had gianed strong grounds and still has a better performance compared to GLO. it all balls down to competitiveness .... there is no competition in refining crude if dangote's refinery is the only refinery that has been licensed . it is no beans building a refinery man .

Is it beans to build a cement factory

why are Nigerians still paying so much to watch programmes on DSTV , there has no been a major competitor , yes you have multi tv , trend tv , ctl .... but can you compare . you can liken this to what you will have in this sector

I thought we also have HiTv (closed in 2011), StarTimes etc as well as our private & public TV stations?
Is anyone FORCED to watch DSTv?
Did I miss something

majekdom2:
how does this relate to the question I asked ? how many refineries are on ground to encourage competition as you have just said ? dangote himself does not like competition , its as simple as you have known . cement still ought to be cheaper than it is presently , if you think what you put up there was done in sincerity . do you think its beans building a refinery from scratch ? The govt will still pay for subsidies perhaps as they are doing for ibeto cement. you should get informed properly.

How much did we pay for SIM cards, handsets, airtime in 2001?
Did they start reducing prices immediately?
How many years after before they started crashing with the entrance of Glo, mainly

Nothing good & meaningful happens OVERNIGHT.
Lack of understanding this very important principle is part of what makes us the BLACK race so backward and primitive despite having the same intellectual capacity as the whites.

#Nuff_Said.

majekdom2:
and so , what will happen to the defunct refineries, have we not had several investors willing to buy these defunct refineries over time . do not be decieved , you may have to buy fuel at a higher price as I see no competition if dangote's refinery will be the only refinery . I didnt ask the governmen to run these refineries.

Many STUPID people said the same thing about Dangote cement but forgot that the Jonathan/Sambo administration is MORE transparent than what we have been used to. Since you may not be aware, let me shar ethis news piece with you =>

macjive01:
Nigerian CEMENT War!
Dangote’s Suit Against Ibeto is anti-competitive – FG.


The Federal Government has described a lawsuit brought against Ibeto Cement Company by Dangote Cement as anti-competitive.

In the suit, Dangote is seeking the withdrawal of an import waiver granted Chief Ibeto by the Federal government. The suit also seeks to have Ibeto Cement Company refund billions of Naira to the Federal Government as unpaid taxes and import duties.

Also named as defendants in the suit in which Dangote Cement is the plaintiff are subsidiaries of Ibeto: IBG Investment Limited, Derima Ventures Ltd; Federal Republic of Nigeria, Attorney General of the Federation, Federal Ministry of Finanace, Federal Ministry of Trade and Investment, Board of Customs and Excise, Federal Inland Revenue Service and Nigerian Ports Authority.

In the suit Dangote alleges that Ibeto and his co-defendants colluded to give Ibeto companies an unfair advantage by reducing his tax exposure on bulk cement imports to 5% only. Dangote claims this contravenes a presidential directive issued on July 8th 2010 which ordered importers to pay 20% import duty and 5% Value Added Tax.

The plaintiff asked the court to order the Federal Government to recover the duties and taxes owed by Ibeto and to obtain a further refund of N 7.8 billion paid the company by the government as a result of an earlier court judgement.

The Federal Government in its counter affidavit has asked the court to dismiss the suit stating Dangote’s claims were “anti-competition and designed to control the entire cement industry and leave Nigerians at the mercy of the plaintiff’s (Dangote’s) price whims and caprices.”

http://www.igbolandforum.com/index.php?topic=1321.0


https://www.nairaland.com/985607/dangote-sues-ibeto-cement-dangote

That was two and a half years ago- July 2012.
Today we see the results.

BUA throws weight behind cement price reduction, commends Dangote
November 4, 2014

Details from: http://businessdayonline.com/2014/11/bua-throws-weight-behind-cement-price-reduction-commends-dangote/#.VIXNsjHF-LE

For how much longer shall we remain UNINFORMED mumus

ISpiksDaTroof:
He stole your country's money so why hasn't he been flying Private Jets and Driving Rolls Royces all this while?

In case you missed this piece of news, let me share with you again =>

Buhari’s jet denied landing in Makurdi

Details from: http://newtelegraphonline.com/buharis-jet-denied-landing-in-makurdi/

Look at you, full of bad grammar because the Govt won't properly fund your education. Go ahead and vote Goodluck Jonathan again, you're the one stuck with him in Africa, not me.

Perhaps since you are not stuck in Africa like the rest of us that is why you do not understand that primary, VOCATIONAL, secondary and TECHNICAL schools are the constitutional responsibility of LGAs and state governments.
Can we forgive your cluelessness because you are not stuck in Africa

majekdom2:
bro , they will come up with claims that venezuela is corrupt and the govt encourages impunity . since the Nigerian govt knows they cannot run these refineries why can't it be sold . I read sometime that even the local refining done is not a bad idea .... @ least these will create employment and generate income via tax. do we have to wait for dangote to build one ? I really have not understood.

Yes we have to wait for Dangote and other private individuals/companies to invest in the DEREGULATED petroleum sector as they have done in cement and automobile with results starting to show with increased competition, supply and price pressure for reduction. Nothing dissimilar to what happened with telecoms a while back, is it

How many of the foreign countries where we run to as socio-economic EXILES still have their companies run by governments sucking away public funds in the form of subsidies instead of generating TAX revenue, licence fees, EMPLOYMENT, research & development etc for the country
How many

gboss4sure:
Like I said, you guys have no idea what goes on in this country. What has GEJ not done to solve the problem of electricity or you think that going against the powers that be is an easy feat to achieve.

The first time he made a move against them by removing the fuel subsidy through which the looted billions of naira, didn't people like you support them by unclothing yourself and dancing around carrying your papas coffin on the head claiming it is GEJ while dancing to terry g akpako performance in the name of protest, after that clear support you showed for those people, you want him to still go against them knowing that people like you will still support them.

The epileptic power problem in Nigeria is a gold mine to some very powerful people both of which are in the ruling party and in the opposition and if you think they will allow Nigeria have 247 power supply and close down their gold mine, then you are on journey of no return. Even in the USA, Obama can not do anything he likes, he can't go against the powers that be in his country, the man JFK that tried it, how did he end up? Do you wonder why America is involved in every war on planet earth? go figure that out.

If you think that been President is all that is required to turn Nigeria around, then you are very very mistaken. Have you ever asked yourself why is that whenever there is a major event in Nigeria which people would like to watch there wont be power supply?

The Chance to fix Nigeria for better was mixed in 1967 after the north throwed the aburi accord away since it won't favor their corrupt elites, since then corruption has been grown, nurtured and right now it is one of the foundations of Nigeria and you can't pull it out easily without scattering this country.

It has become a daily part of us whether we like it or not. We breath in corruption and breath it out and it didn't start under GEJ, you can't get anything done in Nigeria today without greasing someones hand. Is no longer a matter of choice, it is a MUST.

You pay to get admission for your kids into the university even though they passed both jamb and aptitude test.

Students write exams and merit an A score but the lecturer won't give it to them until they greases his palm or open their legs for him.

You go to the police to report a crime and they will request for money before the follow it up.

You go to your LGA to request for a document which is supposed to be free yet you are asked to bribe one official or the other.

You decide to travel outside Nigeria, at the airport you will keep greasing the palms of one officer to the other even though your documents are complete or else they will delay you for one frivolous reason or the other until you miss your flight.

The only solution to END all this nonsense is not by voting in apc or voting out pdp. the status quo will still remain regardless of who is in power. Nigerians need to drop tribalism, over zealous religion and take to the street in a form of revolution. Sack all the current politicians from A-Z, hausa, igbo, youroba, e.t.c and then develop a new people orientated constitution without intervention from foreign interests, then we can start talking about the Nigeria of our dreams but can we do that?

NO, because these same people holding over 170 million Nigerians hostage using tribalism and religion will still whip up tribal and religious sentiments and we will end up killing each other while they continue their looting.

Do you know why people support GEJ? reason is in the last 40 to 50years, Goodluck Jonathan has been the best amongst many that has emerged as Nigeria's President. Can you list down past presidents that has achieved more than what GEJ has achieved within the last 4years as President of Nigeria.

Thanks a lot for reflecting what in essence is my opinion about our current political landscape.
An informed expatriate told me sometime ago that GEJ is a good president and I told him NO he is not a good president as I do not deal in ABSOLUTES.
However I said he is a BETTER president than those before him and all those who are LIKELY to get the "opposition's" ticket to contest against him.
QED!

Meanwhile, how many of us are aware that the Jonathan/Sambo administration successfully removed the corruption-laden fertiliser subsidy scheme and distribution YET our agricultural production is witnessing what can simply be described as MIRACULOUS growth.
The fertiliser cabal tried to intimidate the Minister Adesina with the FAKE N6 billion mobile phone for farmers PROPAGANDA but the president saw through it and retained him. A similar thing happened to Arunmah Oteh of SEC.

The Jonathan/Sambo federal administration wanted to do similar with petroleum subsidy but we allowed ourselves to be FOOLED by those who only want short term POULARITY gains at the expense of solid long term POLICY gains.

For how long shall we remain MUGUS

Toronto Light rail we nor see, even the BRT wey we bin see before now dem don pafuka.
Meanwhile dem tell us say Fashola and the Arewa People's Congress, APC is not a failure after almost 15 years of maladministration
Anyway they increased IGR from our pockets, wallets, handbags and bags over 34 times from N7.2 billion throughout 1999 to N246 billion in 2013. I guess that is success too.
Never mind that the infrastructure has NOT improved by the same 34 times all over the state

Oku oko abi opo ero lehin - a dead vehicle has many passengers BEHIND it (pushing of course)

All hail our "excellent" governor

BackDatAssUp:
According to Buhari, the key to economic growth is stabilizing the price of oil in the international market.

This fool only sees the oil industry.

This fool does not see that diversification of our economy and promotion of other sectors specifically the Agro sector as the way forward, rather his hair brain solution is to "stabilize" the price of oil in the international market.

Will that create jobs and opportunity for every Nigerian?

Will that translate to real growth in our economy?

Obviously this goat thinks the lazy Saudi model of depending on oil for everything is the solution.

Retardded ab0ki.

Is it the same clueless old soldier who deferred to his Arab masters at an OPEC meeting decades ago like he was waiting for their orders



https://www.naijarchives.com/wp-content/uploads/2014/03/Buhari-At-OPEC-Meeting-In-1977.jpg

immortalvoices:
My broda I av to really see if she was just joking...but I found out dat she is confusing infatuation with real love


VickyyB no woman or man who has blood running in their vein can love two people at he same time and same way.... One cud be love while d oda cud be lust albeit infatuation!

I thought that one of the conditions for marrying up to four wives is that the man must love them equally.
Given that many men marry more than one, one would assume that they fulfilled this condition, not so

Our muslim brethren, wetin una think?

eleojo23:
This is not peculiar to only ladies, men to are involved.

Maybe the OP means the ladies are committing adultery with fellow ladies