₦airaland Forum

And which areas have u identified that we have advantages for export? this is the school of thought that led to a low purchasing power of the people. How? FX rate has shot up cos it is under serious pressure cos we are exporting only crude majorly and importing everything else since we don't have comparative advantage

lionshare:
I don’t think Nigeria has a comparative advantage in rice production; we will only be self-inflicting high prices by insisting on local production. Let’s look for areas where we have advantages and export to the world while we import services or products where our local production cost is not competitive. This is commonsensical because it’s better to have 200 million well-fed citizens with access to relatively cheaper rice than to have fewer than 500,000 farmers profiteering from the high cost of local produce at expense of 200m folks.

samuelson06:
The problem with studying one thing and ending up doing a totally different thing is that you'll hardly move up the career ladder in your chosen career because you don't have a background there. Banks intentionally exploit this loophole so they can keep their staff in one tiny spot—doing so much and earning little. I wouldn't advise anyone go this route. It's always limiting because your employer will always use that weakness to exploit you.

Inexperienced people should stop saying what they imagined in their head like it is reality.. no bank cares about ur course of study for anything including promotions...

DanseMacabre:
That doing drugs is literally the worst decision one can make in life.

Pls take the pain to tell teach the younger ones around u

That's the cash they are swinming in nah. B4 egg was N20. Now it is N200- is that not ocean of cash for egg producers... all manner of jokes and nonsense

villagereporter:
.

What is d swimming in cash translate to you. Has it really any effect on Nigerians or has inflation gone down.

Last week I bought one derica of rice which is four cups of milk 1k dis week alone it is about1200# and dey are telling us Nigeria firms swimming in cash.

Sànpònná ápa bàtá àti jowojowo etí we.

I like the statement finance is the last thing.. it is important but it is not the most important.. most Important is how to run d business and also manage effectively, the risks in the business.

For instance,this particular issue- d risk(one of various risks) is birds may die due to different diseases developed in the farm or external- disease outbreak.. the business manager then finds out how he can prevent such risk from materializing-- is it by immunization, constant injection of drugs, light or temp conditions, type of feeds etc

Natbrowny:
Lets talk about that 800k u lost. We know u invested more than that but lets focus on it.

So u invested 800k in a business u know nothing about. First mistake
U should have invested less and gather experience, get to know al the know hows b4 bombing the industry, visit farms, read legit articles online about start up and how to solve problem when they arise not if (coz they will show up). Dont believe everything people say or read about. Better experience it first hand

U thought having money alone can make a business thrive . Finance is the last thing

Now u can either go back to the drawing board to learn more or change a business by investing low to know more first.
Sorry 4ur loss. Wake up though

Are d scientists d ones that will keep the spirit in the body for 1,000 years?

Lateef73:
The only thing I learnt from his statement is that everyone has his own time. It's better to remain single than produce an almajiri or motor park tout

Wrong lesson. Lesson is if he was more matured with his previous relationships, he could have been married earlier.. and he would have preferred that

Pls close ur account for this ur thoughtlessness

PlasmaTV:
The mother has no right to call off the engagement. At best, she can advise the daughter.

PS: I'm not condoning what the man did in any way. It's best it was probably called off. But the mother wasn't in her right.

MODIFIED
Una won kill me. 20+ mentions. Cos I said the mother has no right to call off an engagement.

Make una no vex.

9jaBloke:
To qualify as a Nepo baby, you have to be remarkably successful doing your own thing. All of them are still in their parents' shadows.

Exactly. Talk about
Dangote whose grand father was rich
Femi Otedola son of Gov Michael Otedola
Bukola saraki son of sen olusola saraki
Femi fani-kayode son of fani-kayode
Bismarck rewane son of alfred rewane
Davido son of deji Adeleke

If he had replaced the service chiefs like twice and tried many generals for corruption and saboteurism, d country wont be at point today

success1smyn:
I understand your frustration, and you're not wrong to demand results. But let’s be fair—things aren't perfect yet, but we’re not where we used to be either. The same North-East that was a no-go area now holds events openly. Banditry and kidnappings haven’t disappeared, but the tempo has reduced in many areas compared to 2–3 years ago.

Let’s not forget this mess didn’t start last year. Real change, especially in security, takes time and consistency. We can’t judge Tinubu’s efforts like someone who’s had 8 years already.

But I’m open to hearing what specific actions you think he should have taken by now.

clemzo101:
Hello, guys kindly help me find a good iPhone or Samsung with a budget of 350k

UK used A54 5G samsung

seunmsg:
Your father was a great man. He served the country to the best of his capacity. He deserves all the accolades he’s receiving. May God grant him eternal rest.

U r a full time joker.... we all know hw the country was b4 2015 and after 2023

What is fx subsidy, what is cbn intervention?
In Nigeria, most the fx is from oil export-
Who earns this? - the oil companies and NNPC (which means CBN)
The oil coys only trade a little for salaries and some local expenses.. so only the CBN has most of the fx to trade. So the CBN must be a contributor to the fx market else supply will be the little from FPI, FDI, remittances, oil coys & other little exports.
If cbn is injecting fx at a rate that doesnt deplete the reserves ie injecting the same amt they earn, this is not a problem. It becomes unsustainable when the reserves are being depleted to supply the market! At that rate, the word subsidy could be appropriate..

success1smyn:
Hmm, okay but I still believe Tinubu is trying his best honestly, Buhari did not do anything.

First things first, has tinubu dealt with d issue of security - from fulani terrorists to bokoharam to lakurawa to general kidnappers? Nobody begged him to run ó.. if u cant deliver, u should use d door! The security & wellbeing of lives are at stake here

Buhari laid the foundation of the problem... but then
1. Tinubu is not solving d problem- only exposing the wounds
2. Tinubu was the one who brought Buhari in 2014 despite knowing his antecedents

ibedun:
Yinmu big time! Better adjust to new economic realities.

What economic reality? That ur parents should have left u on the streets when u were a baby right?

Sirchiboy:
Parenthood is responsibilty not an avenue to breed kids in the hope of making them your retirement plan.
This is very common in African culture where parents make their kids their life time retirement.
Every parents should plan for their future retirement.
You can decide to support them once in a while but not a most it is your reponsiblity to cater for them in their old age.

This is a very very foolosh thing to say. Young people should beware and not be led astray by the nonsense

Akalia:
Some parents can't help but over pamper their children. I have two boys and I hardly chastise them because I have deep soft spot for them.
My wife often is the one that administers disciplinary measures and I find her method uncomfortable at times.

U need to help yourself and discipline them for their own sake

Yes the parents carry a lot of d blame as they dont instill the values they have into the children all in the name of wokeness. U see parents actually going to fight their children's teachers for simple discipline of the children... how do u expect those children to respect adults and u the parents later on and also be open to correction? Parents must know discipline is part of love for u apply the painful pruning tools on the flowers u want to look beautiful!!

That's fine... its ur money of course....
But just know u are not building anything with Bonds, TBs, CPs.. u are just preserving value and that's minus d few tmes their rates lag inflation rate(like it lags currently).

AmgAmg:
seems like you’re missing the core of what I’m trying to say. I’m not denying that stories like this happen… they do

But the way it often happen is like a rare unicorn… one in a thousand, maybe even one in ten thousand. And I can’t build a business on luck or on chances that slim.

I’ve sat with this for a while… thinking, rethinking, turning it over in my head. After a lot of deliberation, I’ve come to a conclusion that feels grounded in clarity not hope or luck or spkepicisitim , hoping my property fit go up in 10 years time , I can’t do that pls…
it my hard earned money we are talking about here not some kind of lottery win ….


Just About a week ago sef , I was just scrolling through Instagram when a friend sent me a message with a link. “You need to see this,” they said. Curious, I clicked it, and it took me to a post exposing “P Wan Real Estate” for allegedly scamming their followers. As I read through the details, my heart sank. The post laid it all bare… how this company had been scamming people in with promises of dream homes, affordable plots, and secure investments, only to take their money and allocate fake stuffs to them .

People had poured their life savings , just imagine it oga , their hopes, their futures into these deals, only to be left with nothing…

Really couldn’t stop thinking about it. The more I read, the deeper it cut. kept imagining the way real estate is often presented in Nigeria feels a lot like a Ponzi scheme to me. Flashy, fast, and full of promises … but when you strip it down, the risks are heavy, and Like Recyclables.. like robbing Peter to pay Paul . And I’m not built for that kind of gamble.

Have done my homework … real feasibility studies. And from everything I’ve learned and experienced, I can say with my full chest : compounding is the fastest and safest bet . It’s not flashy, but it’s solid. It works … predictably, consistently .. and that’s what I need to build something that lasts.

That’s the path I’ve chosen.

Thank you

Yes.. (if inflation rate & consequently cp & tb rates remain 20%+) u hav 1bn in 10 years but then the purchasing value will be about same... cos of inflation..
What i was trying to pass across is tb rates only just keep purchasing value plus some 2 or 3%.

Properties keep d purchasing value + some 5% rental income(on current p.v.)+ appreciation rate(which may be high)
Because of high inflation in d last 5 years, a lot of properties have appreciated 300%(monetary value)in these 5,7 yrs.
Overall point is u should factor inflation, time value of money in ur decision

https://www.facebook.com/okezie.eunice/videos/-how-mrs-ibukun-awosika-generated-614-million-naira-capital-from-a-52-million-na/6840036069428106/
This Mrs Awosika example happened in a period of lower inflation.. of course the appreciation rate(net of inflation) is not always this steep.

AmgAmg:
First things first, before I talk the main thing wey dey my mind, make I first break down why I choose the compounding route.

Stay with me.

For clarity and reference, here’s the plan I’m working with: ₦110 million in total.


60m into treasury bills …….

I’m allocating ₦60 million into Treasury Bills. One major advantage with TBs is that the interest is paid upfront, which allows me to immediately reinvest the interest as it comes in … effectively compounding the returns manually each cycle.

Now, while the base treasury rate is around 19–20%, this reinvestment approach pushes the effective annual yield up to around 22–24%, especially when you rotate into short-term bills or other secured instruments.

Compounded over 10 years, ₦60 million grows to around ₦450 million to ₦515 million… and this is:
• Fully traceable
• Backed by the Federal Government
• Practically stress/risk-free

When I say risk-free, I mean that there’s no guesswork involved. I literally sleep and wake up, knowing my capital is 101% safe & secured.

And Then remaining ₦50 million would be going into commercial papers, mutual funds, and possibly equities … instruments that generally yield 24–26% annually.


Mutual funds, especially the flexible ones that allow monthly or quarterly withdrawals, give me room to reinvest earnings as they come, further compounding growth.

With monthly reinvestment, even a base rate of 22–24% can push actual annual returns to 25% or more.

Over 10 years, this ₦50 million could potentially grow to around ₦600 million to ₦700 million, depending on how well the reinvestments are managed and the consistency of rates.

That is Total value after 10 years: ₦1.05 billion to ₦1.2 billion

All without starting a business or having to deal with humans …




Now make we go back to the point wey I wan really talk:

Make I ask you straight up…

Which property for this Nigeria you don personally see wey give 10x return within 10 years?

I no dey talk about that kind “just buy one land for bush and forget am” kind story.
I dey talk about real, traceable example … where person buy property or land for ₦100 million and sell am for ₦1 billion inside 10 years, predictably, not by luck? .

Let me mention that while mutual funds/TBs are near 100% safe, the compounding rate only beats the inflation rate a little. For instance when inflation rate was 11%, TB rate was like 13,15%. Now TB rate is around 24%., u can check what current inflation rate is now.. stocks/shares can actually yield negative returns atimes.
To me a better and still safe option would have been properties (a developing area is better). This maintains(even increase) the purchasing power of that amt and gives rental income too

AmgAmg:
Just wanted to put this out there since I was the one who started everything here in the first place … so it’s only right that I share my final decision on this platform as well.

So after much thought and weighing my options, have finally decided I’m going with the compounding approach to investing, Many might ask why I picked this path, but the main driver, the absolute main reason… is because its low-risk profile.


spoke with an investment manager just last weekend , and he was incredibly confident and persuasive about the benefits of compounding. I’m actually talking about treasury bills / mutual funds / stocks /shares and the likes …

might surprise you, but he showed me some projections & numbers that suggest this approach could potentially grow into over a billion in about 10 years time. Was honestly shocked when he broke down the numbers and showed me the math behind it.

best best part? It’s completely risk-free, or at least significantly less risky than starting a business from scratch. So I won’t have to deal with the stress and uncertainty that usually comes with launching a company.


That being said , I still look forward to collaborating with a few of the people I’ve connected with on here… but the bulk of the capital, around ₦110 million out of ₦150 million, will be going into the compounding side. and The remaining ₦40 million could be used for my other project.

Thanks to everyone and may God bless you’ll

chopnaira:
Slow down with the misinformation. He did not reject an oil block.

He rejected an offer to bid for an oil block in 2015. It was not like he was going to win the bid anyway, and if he bided and won, he still had to pay for it else the bid would be canceled.

See you o.. is it not loan he will use to buy it? Imagine the returns for life after paying the loan

free2ryhme:
Review it or not, never have any budget being implemented to the benefit of the ordinary nigeria

What the whole story means is we might have to borrow up to half of the entire budget!!! We already planned to borrow 13tn out of 55tn.. but d borrowing might be significantly more... Such financial planning is so irresponsible -- hw can u based a budget on 2m barrels per day... all the way from 1.2mnpd/day! How?

My own question is on security --would atiku have any political will to deal with all of those northern terrorists as they are creations of northern politicians?!
Atiku may bring great economic mgt experience frm the obasanjo yrs. But then he is also old.

ipobarethieves:
.

Okonjo........DELTANS
May he locate his father/family. Wish him Happy reunion

Okonjo-iweala must be his aunty.
The Mr Okonjo that is his father is either NOI's brother or first cousin

We are going to have more of these visits they call "state visits"... elections are coming and they dont want disussions around his medical excursions and so they package it as a state visit.

EdiskyHarry:
Really sad, how will such expensive car be completely burnt down just due to a tyre outburst. That means the structural design is wack, it's just over hyped

I agree with this.. it is a design failure ! The car didnt even summersault so why did it have to burst into flames ? Its a car to avoid

My question is if a southern president cant handle all these terrorists in the north, who then will?
Is it a northern president like Atiku that will handle that?

Helinues has chosen to.walk d difficult path bringing up baseless arguments to defend d indefensible..

So in ur mind now the $ that wàs 150 in 2010, that was 125 in 2007 should have been 1500 then abi

Who is the largerst earner of fx if not the FG that has 60% JVs in the oil industry of which 90% of our fx is from oil.. so it's omly natural that the cbn supplies fx most.. It is only when d cbn is borrowing to supplybfx that it becomes subsidy which buhari ur darling daddy did!
Note that the fx reserves grew under obj & Jonathan despite those fx rates

There are 2 ways to check
Compare
1. with $ value or $value adjusted for inflation OR
2. with price of same goods & services then & now

But no 2 is d most reasonable/practical...
No 2 should give btw 550k & 750k based on things like rice, rent, generator