₦airaland Forum

obainojazz:
Air mark will be quiet as usual

He only comments here for one major agenda ; every other thing is secondary .

larride:
Bosun case is a lil different has the guy was recommended by those that have strong Tinubu backing.

I want to believe whoever backed/nominated her no too get strong backing like that. Bosun was rumored to be nominated by Senator Abiru and Yayi, both Abiru and Yayi stood strong for him, that's why even with all the outburst on Twitter and in NASS, nothing happened to his nomination.

You cannot be calling for a govt of national unity and then turn around to do something like this. [/b]It's an embarrassment to the President and govt he leads. [b]It's either a government of national unity or a govt of APC, for APC and APC alone.

Exactly !

Optics matters in a plural society like Nigeria . If as a government u have an image that portrays u as one that don't like to work with opposition , a government that goes after those that worked for the previous govt ( within same party ) , a government that the Fulani/Hausa stock feel left out and a government the masses are groaning under ; omo u will spend most of ur tenure fighting enemies u inadvertently created o.

larride:
The Presidency just dey do nonsense and its embarrassing. The lady has the right to vote for whoever she wants in the first place, that right is guaranteed under the constitution.

She's obviously competent enough to have appointed her in the first place, announce it to the public and then go ahead to withdraw the appointment based on guaranteed right to vote for whoever she wants.

Just yesterday, the President was telling the Governors that its time for Governance and not politics and then go ahead to do this, how will the Governors even take him serious on that?

Simple background and due diligence would've avoided this if they dont want to appoin someone that voted for the opposition (it's not like they havent been appointing oppositions anyways) and save the lady from the unnecessary embarrassment of stepping down her nomination after making it public.

Nonsense.

I checked the lady's LinkedIn and I see she ticks the box of who can actually call " technocrat " in the real sense of it. I believe whoever recommended her in the presidency means well.

Now the fact that her nomination was pushed and then about to be withdrawn shows there are people in the presidency who value politicking more than actually keep the country going .

If Bosun who actually had "not so nice words " for Tinubu in the past got a ministerial job, it leaves less to be desired that forces are working against this woman and they are even doing it when cat has already been let out of the bag.

If na only APC members or supporters they want to get appointed into key government posts , then we can as well conclude that Tinubu's government has failed before it even started .

@ Prospa , Did this lady say more than this on Twitter during the election ? Like did she call Tinubu drug baron or say any other things he may find offensive aside from these tweets ?

I'm asking because of that Bosun Tijani case ni o

iamoyindamola:
why

Because international business partners care about ur reputation in ur local market as their partner . They don't want to be seen as partnering with a business known for human rights abuse and harassment cases .

raumdeuter:
Happy birthday Blueraydick

https://www.nairaland.com/8030407/portable-celebrate-30th-birthday-picture

3 out of 4 Portable WAGs showered him love ; na only the one Kokozaria collect no show love .

See wetin man do man 😩

Theflint1:
I'm sure the man has been asking himself in his quiet moments why it's yet to get to this stage, where he'd administer forgiveness on her the usual Nigerian big man style, with lots of showy peity and enough dismissiveness to show that she's a riffraff not really worth his time.

The Erisco man is clearly out of touch with the times, and he's using his stubborn head to Bleep his business up... Na e lawyer wey wan go front of judge prove now "ki***ling" necessarily means killing, and how a customer that paid for an item doesn't have the right to post their review of said item.

U get.

The man was right to have had her sued, but e supposed don tell police to step down the petition after she don show remorse.

Now the story has been flipped that he's harassing her . Except he wants to continue to operate on the local scene , this story will still hurt his business one way or another

hensben:
And I say are you aware people bet and predicted Newcastle will win the league before the season started. Leicester won the league with low budget players in the midst of Chelsea, city, Liverpool, Arsenal, United and Tottenham. People stake on these mid teams because it’s a game. Mou work with underdogs better although he subsequently don’t have that league consistency anymore probably the condition of the team like united he moved to.

This is all that matters

hensben:
Now you get where I am coming from.

I get where u are coming from, but it is a stretch to say Mourinho will win the league with those guys. U are saying Mourino with Newcastle will leap frog Man city, Loserpool, Arsenal, Tottenham and even Aston Villa who all have good players and respective coaches in good form to win a league ?

I don't see it happening soon at all. They can win a cup competition of few games, but a 38 matches league? I don't think so

Ellexy:
So God no fit protect person again?

No be me be the pastor wey no believe baba story na

GloriousGbola:
If you can settle for lapsed muslim...

One lady bought erisco tomato paste, was not happy with it and did social media post criticising the product. Should not be a big deal. But the owner of erisco foods maybe frustrated by different business challenges took it personally and did a Nigerian big man thing. Got her arrested.


The lady ran to the courts of social media to plead her case. One would have thought oga erisco would have died the matter as it is now in SM and putting him in a bad light, but he is going through with the prosecution.

As a naija matter twitter has raised money for her defense and the case is in court. That is a very very rough summary.

I believe BlueRayDick really followed the story when it first broke.

The erisco guy no try sha.should probably have made a show of inviting her to their factory or something and make his product go viral. But I guess he is not that media savvy.

The man is crude and doesn't know when to switch an "L" to a winning situation. He thinks the lady was sponsored by his competitors to scatter his business reputation and has voiced to crush her and whoever her sponsors are; but he's not being reasonable enough to ask himself the vital question "At what cost "?

He most likely thinks social media people boycotting his brand will have little effect on his business; but he doesn't know the damage the human right abuse tag he's now getting can do to his business.

Just yesterday I saw official amnesty international (Nigeria) page condemning the harassment and human rights abuse on the part of Erisco. The man obviously doesn't know tags like that will rob him of some international business deals. Tomorrow he might think of a big business idea and he needs fund from international finance organizations; the way they will deny him due to this kind issues ehn.....He will be shocked. Those organizations lasan, they follow Nigerian news steady. People that if they just hear there was an incident in ur factory and ur staff are protesting unfair treatment or unfair condition of service, they may stop ur next tranche of funding if u don't resolve the issue sharperly.

I think people like that man should employ a young business person to act as the face of the company while he remains the CEO/Man. Running a big business like that goes beyond wearing ankara suit and trouser up and down on Arise TV

Jodera:
If it's cup(either fa or Carling or even Europa) and would agree that Mou can win it with Newcastle cos they're a very decent side. If that's what Hens.ben had said, I wouldn't even have countered......
....but league win??

That's a whole new stretch and it's not as if Mou Is that same special one

Yeah, I don't see Mourinho with his outdated tactics winning a 38 match EPL season at all.

Emaprince:
If LASG take over the land nkor

Or make omo onile resell ur land give army general

Na to leave the battle for God

hahn:
Pardon me, what's dambun nama?

It is ground beef ; usually very tasty.

GloriousGbola:
Happened to friends who were living in a block of flats in Surulere. old landlord with kids who have finished school and have no worries and are sitting out their days. Infact most of us knew each other as we were mostly Unilorin grads. Then the man passed on and his son immediately evicted everyone so he could upgrade the building

No time ,

Jodera:
If Mou couldn't do anything with his type of players at Tottenham, what makes you think he'll do something (as carrying league) with Newcastle?

Most of you can't just stomach the fact that Mou isn't that special as you think he once was.
And you're so always known for making such careless remarks such as the bolded

Funny enough, with the way players like Joelinton, Guimares, Botman,Schar, Burn etc play; I agree that it's a coach like Mourinho that fits them.

I don't know about if he will league with them, but if he should do mistake enter any cup final with that team ehn, whoever their opponent is will just get frustrated and concede the cup to them from the first minute

raumdeuter:
Cool like that means he no need the money, he has no wife who needs the money, no child who needs the money, no friends or developer whispering to him how much he could have been making
Its the equivalent of Bank borrowing you 50m and forgetting to collect it back

This one pass Grace na Victoria

Some people are too good to be true. Even me I was surprised when the person told me.

People that fall into this category are people who are generally good, they have access to funds steady and do not really let whatever their friends or family opinion affect their plan for you.

raumdeuter:
There is a 3rd option of you investing the 40m and lose it from the get go say within 2yr. Shishi you no go see

This 3rd scenario scares people more than anything in this world. Business world is filled with uncertainties even those who have the Best Harvard trained MBAs

The CEO of Nokia or was it Blackberry when the company was folding up said, "We did nothing wrong yet we failed".

That roofing sheet business I am sure has its own corner corner uncertainties. One Emeka, Afolabi or Musa would have invested in it and failed also and if you ask him, he cant point to why he failed. Hindsight is always 20/20

In 2050 your kids will be asking you that dad why didnt you invest in this XYZ land/shares/crypto, if you had put 5m in 2022 you will now have $500bn
but he will forget the millions of other investment who have failed and yielded heart attacks and stroke in those 25yrs

U are right, there's no business that can't fail

iamoyindamola:
Are you sure the landlord is not your inlaw

Another angu!

Make e no be like all this Yoruba radio programme wey dem dey share stories of their listeners.

There was one like that, the man sent in his story and asked for advice. The man travelled abroad but had issues with his papers so he was deported back to naija tho with some cash. Before he arrived , he asked his wife to look for a more conducive apartment they can stay as a family for which he provided cash after which they moved in.

Years down the line, baba was doing well in his business and one thing led to the other , he wanted to meet the landlord to discuss renovations of the building , but his wife only provided the agent number which she claims is the one she pays to yearly. The man met the agent and after probing and probing, the agent gave him phone number of the landlord who turned out to be his father-in-law. The man now met the father-in-law to confront him man-to-man say wetin dey sup?

The father-in-law had no choice but to open up that the wife actually owns the building but cos she knows her husband may not want to live in the house built by her out of pride, she had to use the agent as decoy and the agent deals with the father-in-law who didn't disclose his relationship with his daughter to the agent.

The man is angry with the fact that he has been paying rent to his wife for years . He dey ask for advice for radio programme.

afrodoc2:
Hehehe. Ogun State for a reason.

Funny thing was that nobody believed Adesanya. Even the guy's pastor just dey look am like Jega. Trained military killers punctured your car with 40 bullets and you no even get scratch.

You go explain tire.

Don't tell me baba still go do testimony for church ?

raumdeuter:
The guy say na Grace, Grace ko Elizabeth ni

Is there any product whose price has not changed in 10yrs. Only itsrm rent. When EFCC catch am he go talk true

But some landlords are cool like that. I know someone too who was lucky like that for a long time like that too. Na under Buhari administration the baba later increase the rent o

raumdeuter:
The thing about real estate is that Chances of a total loss is minimal. This man 25yrs ago fit don invest in Société General Bank or even those bank stocks and worth zero now

What business can you confidently say you will meet your capital back 10yrs from now.

U have a point that one may not get back his profit after 10 years, but u will be getting profit in real time while the business remains profitable na.

I think this whole thing is about money allusion we have in this part of the world sha.

I don't know how to explain it , but let's look at it this way.

1. I have 40m and I invest it into let's say selling roofing sheets. Let's say on a monthly basis I make a profit of N1m from my investment which I plough N500k back into the business and I either spend the balance N500k or reinvest it into the business. Let's say in the 10th year there's recession and somehow I lose all my business capital.

2. U have N40m and u bought a land and after 10 years u can sell the land for N100m.

Some people would think u took the wise decision of investing N40m 10 years ago which now fetch u N100m. But what they are ignoring is the fact that for 9 straight years I had access to profit of N12m annually (From the N1m profit per month) which translated to N108m. If the business didn't crash I would still have N40m capital sef plus the N108m.

Remember I was getting my profit in real time, not waiting for 10 years when N40m of yesteryears may even worth more than N100m of today

raumdeuter:
You are stealing a living or nacking your landlords daughter

All these concessions you are getting no be normal eye at all. 10yrs unchanged rent? Say wetin happen

Landlord die? Abi you don visit village for landlord matter

Even if all of the above happen, still make dem check itsrm well. E get wetin he dey do wey he no tell us.

izzou:
[color=royalblue]The business sef fit don fold up at at today.

[/color]

Yes, that's why risk is part of business; there is a chance that u make a profit or a loss.

Tying ur money down to a land on the other hand does not necessarily mean u will make profit. If most people take Time Value of money into consideration they may discover the investment on land didn't actually appreciate as much as they assume it did.

N5m this time last year was more valuable than N5m now. If u have N5m as at the time dollar was N400/1$ and u invested it into buying land and today u sell the land N15m now that dollar is N1500/1$ . u would think u made profit, but u won't know u lost at least $2,500 dollars in that investment when we are even yet to factor in inflation rate.

I think the difference is that in business u can easily see whether u are making a gain or loss , but in the case of this land matter u won't even know u made a loss; u will be grateful u got whatever amount u are getting.

izzou:
[color=royalblue]You are right.

We dey look this 25 years like 25 months.

Met a man that 66 acres for sale in Ogun state last year. I started to wonder how much he bought the land then

Maybe na 10k per plot e buy am[/color]

Lolz.

If u look at time value of money, the man may be better off to have invested that N10k per plot into a business that would've enabled him to afford 500 acres of land today and more if he had not bought the 66 acres then and tie the money down.

izzou:
[color=royalblue]Many places, actually

Even in the SE, you cannot see a 5 million naira plot of land in the capital (At least, I'm sure of Anambra, Enugu and Imo).

People are beginning to move their business to places outside of Lagos[/color]

Yeah. I think it is the north (bar Abuja) that is still considerably affordable

GloriousGbola:
It is only in lagos where price of land is confirmed to rise and at a geometric progression because of bubble, speculation and development.

Go to most other states and price of land will remain static for decades.

One new oga from obodo oyibo had the bright idea of selling off sites to raise money.one lag site was x10 the value of all the other sites nationwide combined

The guy has been thinking all sites value matched the monetary value of the lag site

I think Ogun state(due to close proximity to Lagos) and Ibadan in Oyo state's real estate market is also growing gradually. Some of the house rent I'm seeing for Ibadan nowadays is quite surprising

Theflint1:
Exactly, and that increase would be by at least 20% every three years. My last increase was by almost 30%.

There's some economics to building a house, but I think generally, it depends on your unique situation. While in our parents' generation (heck even the good old days of 2013-2015), building a house was a pretty reasonable step (more stable jobs and reduced inflation), it's not the same today with less stable jobs, galloping inflation, and way more people braving entrepreneurship, which requires a decent cash flow ( a house generally ties up capital).

The bold is what our parents' generation didn't really factor into consideration.

Nowadays if u come by 40m and u just use all 40m to buy a decent house and go back to normal day job ; u may end up drinking garri for years inside that decent building.

A person who invests that N40m but continues to live in a rented apartment will live a far more satisfying and comfortable life than u. He might end up living a business/investment for his children when he is old, while u will leave behind an old house which ur children may even struggle to pay Land use charge and other government levies on

Itsrm:
My rent has not changed in 6 years. Unlikely it will change in the next four years except I move out.

Lets even assume my rent doubles, I'm still looking at 25-30 years. Still not worth it.

U are an outlier in that data set. Most landlord will increase rent at least once in 3 years; somebody said that's the provisions of tenancy laws but I don't know how true it is.

GloriousGbola:
a lot of financial advise people throw around does not make sense.

like people who go and build house in ikorodu so they can avoid paying rent and then leave house 4am every morning to beat traffic.

the car is the most annoying. i think it comes down to the mentality of nigerians - we buy things not for function/purpose but as status symbols. so rather than think of a car as a tool that allows you to move around faster , it is looked at as a status accessory.

A lot of those financial advise our parents passed down to us are now outdated; that's just the truth. Anybody that choose to stick by them will end up not enjoying life and still unable to achieve what some of those parents achieved in their time due to the fact that time and tide has changed

Theflint1:
Hehehehe, I see the statement laff, nothing screams BIG MAN like building a house in this economy.

Na big man dey build now my brother. A lot of building projects are hanging in the balance due to the general rise in prices of items in the market now. Imagine having to pay extra 3k on each bag of cement u had budgeted for earlier. Which book u wan write that one?

Itsrm:

Na true na.

It was when we were much younger one would be mouthing stuff like " I will first build house before I buy a car because it makes more sense" ; one knows better now. Building a house is not a bad thing , but building is very very tough now. U go even dey frustrated along the way.