₦airaland Forum

Not so sure about hiring cornerplus o, from my experience thus far #justsaying

coldfire:
"Install a government that fully supports and protects ALL Socially Responsible Enterprises with ALL of its resources (while also holding each one accountable for their social contracts). Note that not all enterprises are socially responsible; the ones that are, deliberately create jobs and value chain opportunities to benefit the society. Such a sharp and purposeful focus will guarantee the manifestation of the promise of the country".

What will "a government that fully supports and protects Socially Responsible Enterprises with ALL its resources" translate to? Here are a few possibilities:

1. Lower the regulatory and tax burdens on SREs with social contract performance proofs. In effect, this will confer advantages on businesses that operate this way, thus creating powerful incentives for others to follow suit.

2. ‎Setup an internal advocacy interface unit for SREs that helps them to cut through red tape quickly at all levels of government nationwide, backed by the highest authorities in each tier of government.

3. ‎Help to protectively promote their outputs locally and internationally, for example, with visible brand endorsements. Also, share their social contracts and proofs with all citizens to encourage patronage.

MIKOLOWISKA:
simple but too much grammar

Translation
Plenty poverty

Provide jobs and wealth and ppl will stop fighting over resources

Lol. Was trying to use few words. Here's the longer version (note: you didn't quite get me as govts cannot provide jobs at scale - they are structured to operate inefficiently, so any enterprise they run to create jobs will die. Govts can only best provide platforms that encourage job creation by the private sector).

LONGER VERSION:
Simply put, the Nigerian challenge is "selfish greed that pursues noninclusive success in a way that is collectively destructive". What used to be "chop I chop" is even now "grab your own copy fast". It creates a vicious cycle for the nation. Reversing it is straightforward if the challenge is well understood, but counterintuitive:

"Install a government that fully supports and protects ALL Socially Responsible Enterprises with ALL of its resources (while also holding each one accountable for their social contracts). Note that not all enterprises are socially responsible; the ones that are, deliberately create jobs and value chain opportunities to benefit the society. Such a sharp and purposeful focus will guarantee the manifestation of the promise of the country".

The outcomes will be employment, inclusiveness, ethnicity transcendence, meritocracy, brotherly love. With these, mass prosperity is inevitable.

The Nigerian challenge is simply put, that of "the individually satisfying but net counterproductive pursuit of non-collective/noninclusive success".

To reverse the vicious cycle is counterintuitive but also simple if the challenge is well understood:

"A government that guarantees and meaningfully deploys all its supportive and protective resources behind any and all socially responsible enterprises will manifest the promise of the country (while holding each one accountable for their social contracts)".

Outcomes: employment, inclusiveness, ethnicity transcendence, meritocracy, brotherly love. With these, mass prosperity is inevitable.

initialize:
Alright


Battery Guy: Joe 08165471228 (Shop C4 Oshodi)

Inverter Person: Netroy 08099203888 or search on konga


***My whole setup cost***

2pcs Used 180AH Batteries @ #25,000/pcs = #50,000

1pcs New Mercury 2.4KVa Inverter = #22,000

Transportation + Overhead cost = #3,000


Total = #75,000


The cheapest I've seen this on eCommerce sites is #180,000, so i feel good

Ini,

Nice one. Thanks for the update.
Just wondering, does you inverter that is rated for 2.4KVA supply the full 4.3KW (24 x 180) that is available from the batteries?

Buy low, sell high.
Be fearful when others are greedy, and greedy when others are fearful...

DECEMBER IS LOOKING LIKE A GOOD TIME FOR MARKET ENTRY!!!

Why is something that was written in March 2014 suddenly a big deal after over a year?
https://www.facebook.com/femifanikayode/posts/10201120049032792

All this grammar and no price...SMH

There are a couple of simple ways to solve this without breaking the rules:

1. Sum numbers [i]within [/i]the brackets first - e.g. [1+3]+[11]+[15]=30, or

2. Leave a bracket blank as the rules didn't say you must fill ALL the brackets - e.g. [ ]+[15]+[15]=30

My people, please don't put too much faith in the polls because it was developed for BBA3 last year which evicted those that got the most votes as disliked housemates. This year, the eviction is different and based on (1) the Housemate with the least votes in a country (after all favorites have been voted) and (2) the total number of countries that voted that Housemate the least

So Housemate A can have a toal of 10million votes from 10countries and be the least favorite in 5countries. If Housemate B has only 5million votes from 13countries but is voted the least favorite in only 3countries, she will stay back while Housemate A is evicted.

This year the distribution of votes across countries is more important than the total (which the poll shows) but the poll does not capture that. So what is important is: how many countries can supply enough votes for a Housemate not to be the least favorite?

Transcorp should succeed - may be profitable in about 4 or 5 years. The major investment concern will be the impact of political changes during this period - given that it's success is heavily dependent on government waivers & preferential status approvals, a new leadership may perceive them as OBJ's people and either frustrate them or seek undue influence.

This country must experience 4 fundamental developments in order to realise it potential
1- A strong savings base/culture to power future investment - which has started with the 1st phase of reforms via a) the fiscal discipline of the Economic Team, and b) the pension reforms that will create a savings pool of over 1/2 a trillion naira annually!
2- A virile SME industry, rightly called the backbone of any economy, starting with the enabling environment - now the 2nd phase of Soludo's reforms
3- A business-friendly infrastructure, starting with power (easily 50%+ of non-staff overheads) &
4- A vibrant heavy manufacturing sector to provide jobs, starting with refineries since oil is easily Nigeria's largest raw material.


The CBN is on top of the 1st & 2nd needs & at my last check, about $2billion will pour into Nigeria this year from the current SME reforms (this formed part of the 10% growth rate expectations of government).

Nigeria has no other group that can step into the space today for No 3 & 4. If we wait for the multinationals, they may never come into power generation/ distribution or local oil refining (what will happen to their refineries at home?). What then will we do?

Transcorp can invest heavily in power and local refining of oil to help catalyze the 3rd & 4th developments, which will not happen on it's own & global events have proven that government has no business being in business whether it is power or oil refining. Transcorp is poised for the upcoming privatisation of PHCN, and its presence will mean that the developments for 3 & 4 WILL start - multinational interest in power privatisation or not. I expect the multinationals to come as competition thereafter.

Transcorp is Dr Okereke-Onyiuke's baby with the President's full endorsement, hence her being the Pioneer Chairman. Other directors are there purely out of investment self-interest, not for corrupt reasons - none of them wants to miss the boat. I also have a lot of respect for Fola Adeola who built Nigeria's 1st institutionalized bank and deftly reformed pensions in Nigeria. If anyone can deliver, he can.

Undoubtedly, what Transcorp is trying to do is daunting to say the least, because the chaebol/mega-diversified group model while successful in the industrialization era when capital was scarce, is now proving a diadvantage in the Information Era. The triumph of Microsoft over IBM in software, and Dell over HP/Compaq in PC hardware is a pointer that capital is more accessible now to entrepreneurs in developed economies and no thus longer the key differentiator.

But what Transcorp is doing is necessary - if we don't do it SOMEHOW by ourselves, for how long are we willing to wait for rent-seeking multinationals to come and do it for us? While the Transcorp management cannot be said to be doing a good job of selling the vision and underlying reasons why it has to be done now, we really have no choice but to morally support it.

A Mutual Fund in Nigeria is a good idea. Note, however, that challenges exist - massive education campaigns will be required if the target is the small saver; internationally-acceptable investment grade opportunities are also few.

The phenomenon that's taking place instead is that people are forming Investment Clubs to jointly seek & seize opportunites that, though below investment-grade, they are convinced that the risks can be managed. A good investment example is real estate investment.

Maybe in future a REIT will eventually emerge as the govement reinforces the mortgage finance infrastructure this year with pending legislations. So long & good luck.

@ c0dec thnx!

My phone - an i-mate JASJAR (means "the perfect one").

I bet it will make an excellent birthday present for a shy guy. Being rare, he's bound never to forget the girl - a little act for winning a friend for life. I still remember my high-school classmate & she can do no wrong by me .