₦airaland Forum

17th president of what

Ok

Baba is not feeling too well

Na..................Wa
The thing is the agbero xenophobics will even love this - they couldn’t care less about Shoprite

The below was posted over a year ago yet Nigerians stayed.
They hate you. They don’t want u in their country. There are not enough of u to fight them.
LEAVE!!! Come back home!!!

magicminister:
That’s quite funny. I’m a business man... a very successful one at that. A lot of people here know what I do and some have benefitted from the occasional goodwill I share with Nairalanders.

Most people calling for attacks on sa businesses have never owned or managed a business....no successful business man will tell you to attack another person’s business under any circumstance.

We are talking about indiginization, not attacking

PoliteActivist:
But that's also exactly where Nigeria's problems started - instead of leaving things in the hands of seasoned managers who knew what they were doing, they installed inept, probably corrupt Nigerians.

Not true. Things improved right after indiginization. Nigerians got wealthier. Things went downhill much later

magicminister:
I laugh at the ignorance of Nigerians that call for Attacks on South African businesses in Nigeria. Their false sense of pride has made them delusional.

South African businesses are some of the highest employers of Labour in Nigeria. They hire Nigerians.

Mtn, multichoice (dstv) and shoperite are some of the more popular South African owned businesses that have generated billions in taxes, employed thousands of Nigerians which in turn has made life better for millions of Nigerian families that rely on the income of their family members that work In those places.

South African business pay rent to us, they pay taxes to us and most importantly, they employ us. The fact that you are so stupid to think that attacking a few Nigerian branches of a Multinational company will hurt them more than it hurts us is just amusing at best.

Don’t laugh. It had been tried b4 and it made Nigerians wealthy. See below:

New York Times
Nigeria's'Indigenization’ Policy
By John Darnton
Oct. 30, 1976

LAGOS, Nigeria, Oct. 29—In an effort to wrest control of the economy from foreign hands, Nigeria has embarked upon a stepped‐up policy of forcing foreign‐owned companies to sell into Nigerian ownership.

“In embarking on indigenization, the Government has been influenced by the need to place control of the Nigerian economy squarely in the hands of Nigerians and to ensure that Nigerians are the main beneficiaries of the resources of their country,” said Lieut. Gen. Olusegun Obasanjo, head of state, in a broadcast on June 29.

Throughout much of black Africa, there is a trend toward “Africanizing” the management or ownership of key industries, but nowhere is it as pronounced as in Nigeria, an economic giant whose gross national product is equal to all the rest of black Africa combined.
As spelled out in a white paper issued by the Government in July and soon to be legislated in a military decree, the indigenization is a radical extension of an effort started in 1972 under the more westward‐looking regime of Gen. Yakuba Gowon.

Under the provisions of the white paper, the categories for Nigerian ownership are broader and the amount of ownership greater. There are now three categories. The first, 100 percent Nigerian owned, ranges from cosmetics manufacture to film distribution and covers a wide scope of businesses. The second, to be 60 percent Nigerian owned, includes banking, insurance, mining, fertilizer production, pulp and paper mills, planation agriculture, cement manufacture, construction industries and large‐scale department stores and supermarkets. Any foreign enterprise not in these two categories falls autornaticallly into the third, which calls for 40 percent Nigerian ownership.

The businesses have until December 1978 to meet the deadline. In drawing up the white paper, the Government softened somewhat the recommendations of the board.
The banks, however, did not get off so lightly and were the sole exception to the two‐year deadline. They had until Oct. 1 to achieve 60 percent indigenous equity participation—a date that was set, General Obasanjo said in his broadcast, because of the “critical nature of banking institutions to the success of the indigenization effort and indeed the health of the Nigerian economy.”

The largest banks here, Barclays International and Standard and Chartered, agreed to increase Nigerian equity—already over the level of 40 percent —to 60 percent. By contrast, the American banks were 100 percent foreign owned.

Chase Manhattan sold 60 percent of its equity shares at 1.24 naira, or almost $2 a share. Under the arrangement the Federal Military Government will control three of the five seats on its board, including the chairmanship. The bank will continue to operate under its own name.
First National Bank of Chicago also sold 60 percent to the central bank but won the right to function under a new name. The Bank of America, the only one of the three that is not a merchant bank here, held to the same agreement.
Since the purpose of indigenization is to spread the wealth among the people, some bankers assume that the central bank, which purchased the shares to meet the looming deadline, will eventually resell them to the general public. In that case the foreign investors, retaining a solid block of 40 percent, would have a certain amount of control. But other bankers fear that the Government intends to hold on to the shares, as additional leverage to ensure that loans go to productive sectors of the economy that need money but are not attractive to lenders, such as agriculture.

In capitulating to the Government's demands, the foreign banks were clearly motivated by the temptation to maintain a presence here, however minimal. They are looking to the day a year or so from now when Nigeria, whose imports are skyrocketing and whose capital needs go up with each new development project, will go into the overseas money market. They want to be in on the ground floor.

You can’t even speak simple correct English. Sad

Sad

Ok

Complains that he does not what?

You had no choice but what?

OfficialDlh:
No! is just an act of racism and its bad. The same fans did the same thing to Moise Keane last season also. Racism is bad for football!

Not necessarily. Fans riot and kill if they perceive their teams lost unfairly. So using name calling to give their teams an advantage is nothing.

He should know they just trying to distract him so their team would win

The question everyone will ask b4 they advise u is why r u not married after 4 years and a child. So u might as well answer it at the onset

iamawara:
I know what 99% of u are about to type.





If na Nigeria e go die

If na Nigeria na so Dem go leave am die


This Government is useless

No need to type what everybody knows already

post=81825444:
A day will come in our darling nation,
that people from other countries will come to Nigeria to give birth, just for their children to become Nigerian citizens!

Even if u live in 9ja all your life and have children, your children still won’t be citizens. Your parents and grandparents must also be citizens for you to be citizen. We have it so draconian because too many people want to acquire our Nigerian citizenship

SIRTee15:
Any westerner praising naija are the likes of P&ID fraudsters who are here to collude with our corrupt politicians to steal us blind....
The humidity alone is a huge turn off.....
Most westerners who visit Lagos are always disappointed....the infrastructure is an issue....

Me I like uk....
I don't know what people complain about.....
I like that the small towns are developed and u can get virtually anything u want from within your area....
I like the multiculturalism...even though I'm beginning to have second thought about that....
And uk is cheap, at least compared to other developed countries....well let's hope brexit doesn't make a mess of things.....
I love the education system and the opportunity it offers...
And the fact that home is just 6 hours away....

I'll be glad to make it my 2nd home...if wife agrees...
She's presently discouraging me to buy a house....
She wants us to move to Canada...a place I don't really fancy....
Well that's me....other opinion may differ....

That doesn't mean I'm not concerned about some issues....
I feel the British are becoming laid back...they are not productive as b4 and amazingly not bothered....
British are very intelligent n resourceful...
They can rule the world again, if they set their mind on it....
But they simply not interested....

Rather, they focusing their energy on the wrong things, picking wrong fights, choosing wrong friends and beginning to think short term....

Immigration is also a big issue...
The cultural enrichment never really happened...
And what we have now is clash of cultures...
Only God can safe Britain...

All in all....
To each it's own...
Peace....

It all depends on one’s circumstances I guess. Thanks for your posts. Good night

Ugosample:
no matter how much you THINK you are making in a $hithole country
you are still not making it really

because a rich man from a country that is so so poor us a poor man...

that is why the elite class create palliative for the lower class in the west
while nigger Africans is to accumulate and oppress and accumulate

a rich man from a poor country is a poor man

And crony capitalism is what gets many rich in say NiggerArea

But many make it that’d be in debt in the West. Also they can afford all sorts of servants and be able to bribe their way unlike the West. Though unethical, those things contribute to happinesses

EgunMogaji2:
I say many based on my own direct professional experience.

Put up photo as someone put up photo of skid row

EgunMogaji2:
There’s not a large number of Nigerians statistically in the USA.

Mexicans, yes, Nigerians, no.

This cannot he used to justify any crime data.

The reality is that violent crimes occurs in both places.

I lived in suburbs in the USA and crime is practically non existent. I’m hoping for the same here.

Where one lives and how one lives is crucial.

Wrong. See below

EgunMogaji2:
Many are just like that on the streets of Los Angeles.

Not many. Only the mentally ill who have not yet been institutionalized. In 9ja it is simply extreme poverty

EgunMogaji2:
I’ve done charity work in SRLA, none of the citizens there would agree that it’s “decent”, this I assure you.

In Lagos they’d be wearing rags and looking like mad people and no govt assistance whatsoever

EgunMogaji2:
Security? In the USA?

Well, when was the last time u heard a Nigerian was killed US despite there high number? Compare that to 9ja, SA, Malaysia, UK, etc.

EgunMogaji2:
Wherever you are, work hard.

This is skid row, Los Angeles. Just down the street from Hollywood and Beverly Hills.

This skid row still looks decent compared to Lagos “skid row” and the people look much better

EgunMogaji2:
Nigeria is a wonderful place to be for me.

But I’ll admit that it depends on your economic status which is also true for the USA.

I believe if u have up to a certain amount of wealth you’d be happier in 9ja than in West (except for SECURITY!)

SIRTee15:
If my initial fresh thing can get me a house and a land within 2 years...
Then u don't expect me to condemn such a system.....
Let nigeria also provide such initial fresh thing for its people....
Right now, I'm building a career for myself and my wife...
That the focus now....

It happens both ways. Why do u think some Westerners or Returnees initially praise Africa and don’t want to go back? Same initial fresh immigrant thing. Then they become like everyone else.

SIRTee15:
I'm still in the west...
But bigger responsibility...
I've got a wife in uni now....
I'm also running a program....
My profession is such I can make money anytime I want to....
So don't lose sleep about me...

My point is that there’s always that initial fresh immigrant thing, then u become like everyone else - responsibilities, bills, credit card debt

Ugosample:
please don t classify me and that joker in the same category

I meant “on the other side”. But u r a bit extreme just like him. U refuse to acknowledge some people making it in Africa would be living paycheck to paycheck and in debt if they were in the West.

SIRTee15:
My first salary was 2700 pounds after tax....
My rent was 500 pounds per month or there about...
I bought a property in lekki for around 1.2 million....
Then pound was around 600 naira or so...
I was able to send close to 8M home for my house over 2 years....
I was saving over a 1000 pound per month....
I even bought car for my mama join sef....
It was really a good time....

@bolded, so what happened? The West caught up with u like everyone else. That’s the point.