Ekpoma25:
With about 30% positive returns (gain) Year-to-date?

Which market is better then?

saaron:
Pls learn to distinguish between Capitalism and Socialism. Capitalism is an economic system that is free market oriented and provide room for economic players to compete to with one another in the production of goods and services. Where as, socialism is an economic system run by the state in the sense that economic decisions are majorly taking by the govt. In socialism, the govt determine what to produce, where products will be produce, and which company to support. This economic system is highly characterize by MONOPOLY (Domination) for the production of goods and services by companies favoured by govt. In socialist economies there's little or no room for competition.
Nigeria at present practice mixed economy which is heavily tilted towards Socialism - the bane of Nigeria's underdevelopement. This economic system is the reason why the country's power and petroleum sectors is so underdeveloped.
Hope you see the difference? Socialist economies gaurantees no long economic development. Checkout world economic powers, they practice Capitalism. Even China, a communist (extreme socialism) country did away with socialism to develop their economy.

AyakaDunukofia:


Your veneration of Dangote is based on the premise that he could write a good business plan?

So, in your reasoning, this is what it takes to thrive in a business after benefiting from ethno/political patronage that ensured he monopolized lucrative sectors of the local economy. Avail that privilege to any idiot and forget about the headache of writing a business plan.

I know many Nigerians have short memory, but Dangote's exploitative trajectory is still fresh.

chiwuike20:


Now I'm sure I wasted my time engaging you. Before i quit, you said 35 billion naira in taxes, right? But have you heard about the Panama, Swiss and other papers leaks? Have you heard how much Nigeria loses in taxes and major contributors? Take solace in google.

You say Nigeria small businesses pay the lowest taxes in comparison with what obtains in other parts of the world, right? This one will be a long journey, so I'll leave you and google to it.

About your accusation that I am ethnic in outlook, I reject it totally. I prefer being a Nigerian to being an Ibo person. I believe in the capacity of each individual to contribute to progress. I believe in fairness, competition and sportsmanship, devoid of the feeling of entitlement.

chiwuike20:


It pains me to the bones of course. Why? Because small and medium sized businesses are taxed to the bones. These businesses (SMEs)are popular for creating employment and revenue. Yet, these businesses which employs less than a quarter of what is obtainable with the aforementioned types of business forms, are given all forms of concession running into billions of naira. This is daylight fraud and robbery on the citizenry. Foreigners are also granted impossible concessions if they would invest in the EPZ - which is another blanket term for saying the North - and for investing in foreign currencies into the country.

Let me summarize, foreigners and the likes of Dangote cannot never experience loss in business. If they do, there are many concessions enough to absorb it. For the average man wishing to start and develop a business, the indices are not favorable. There is 70-30% chance that he will not succeed. It takes ingenuity and immense hard work to break even for small businesses. Nigeria cannot be better, let alone be great under an unfair system.

AyakaDunukofia:
I have never respected Dangote's business acumen.Given that he has always thrived on government nepotism, patronage and all what is wrong with Nigeria. He is a proxy to all these anomalies.

Tekrify:
Stupid comment. It very stupid past and present leaders failed to bring back our refinery . Today we spend 15 percent of our FOREX importing fuel..how stupid of a country.. now u have a man trying to change that just like he did with cement and ur here blabbing like a black man

How many people in Africa has be given the opportunity or even have the capacity to completely redefine a country economy..even though he benefits from govt..are u saying he isn't using his opportunity well

chiwuike20:


If only you knew what concession meant. Just google it. Dangote is considered a government made billionaire. No ingenuity. Nothing. Simply government favours. That, no one can deny, unless you don't know what favours mean this time.

MondayOsunbor:



between Segun Agbaje and buhari is very hard to pick who is worst

Mr agbaje (Mr la cost cutter) fired nearly 70 percent of Gtbank staff in a fake policy of cutting cost

nearly brought a great bank to its knee . the innoson fiasco come to mind

the man have zero knowledge of banking

do4luv14:





Which Military are you talking about?, I can understand the NPF, but the Navys, and Military,


guy goan do ya research well pls

No neec for research

Just answer this..... who pays for the light consumer in all the army and navy barracks in the country?

seguno2:


Are you sure that you are a Nigerian?
Such intelligence is uncommon here.
Many people don’t ask why most Nigerians are praying and fasting for visas to be voluntary slaves in obodo oyinbo, where governments don’t generally subsidise utilities and consumption.

24SEVEN:



I believe there should be more pressing issues in Akwa Ibom more deserving of funds. Akwa Ibom has enough roads. There are no pressure on your roads and infrastructures generally. The infrastructures in Akwa Ibom are Ok. This new developments seem a waste.


And there are no assurances that Investors will flood in because you built roads and flyovers.

tosinntoyin:
Dear all,

I really need an advice. I currently work with one of the Nigerian banks. My monthly take home is about 450k and quite good. My major problem right now is that I have just been transferred from a Branch at one end of Lagos to another end of Lagos. All efforts to convince my boss to deploy me to a closer branch has proved abortive.

Going to work daily right now is a very difficult especially during this raining season and covid 19th period. I spend roughly 3-4 hours on the road when going to work and back home.

I am currently raising my kids on my own right now and dont know how I would manage when school resumes. Before now I drop them off on my way to work in the morning and my friend picks them up to her house in the afternoon till I get back.

I currently have a savings of 2million and would love to start a biz( I dont know what kind) as am comptemplating resigning and start a biz instead so that I can have time for my kids and not die due to stress

Please i really need advice for you all.

KingSatan:


As a man, a father and a grandfather. I have lived life to an extent and this is my view on this subject.

The previous thread was simple and concise, "Never marry a woman who has no means of income".

But that is the truth!

Gone are the days when people marry "Obiageri's" according to the Igbos.
Back then, things weren't this bad. Considering the family setting in those days, women had no other role than to cook, birth, raise children and clean the house.

So their parents prepare them for marriage, teach them how to cook, satisfy a man and raise children. They also spend alot of time grooming their hairs, taking care of their skin (Some parents send their children to fattening rooms) and waiting to get married.

When we got married, we married to keep them at home and show off to our friends. Only a few of us married because of love. Some of our partners were not our choice but our parents.

So when you marry, your wife and children should always reflect your wealth and networth. Most especially, YOUR WIFE.

I repeat, back then things were not this bad and everyone knew their roles.

But in today's world, so many things have changed.

Women should bring to the table as much as they expect from the man.

Raising children costs alot of money and shouldn't be the responsibility of the man alone.

So many marriages have crashed on the alter of poverty or "One stream of income".

We must learn to tell ourselves the truth always.

Back then, you don't spend so much to raise a child. If he or she wants to go to the community school or follow the white man's way of life, you send them as a punishment. But those humble and loyal sons, follow you to the farm and when they come of age, you give them farmlands and wives if possible. But that's not the case anymore.

Apart from formal education abroad, I also encouraged my children to learn sellable skills. One of my son is a fashion designer and that is what puts food on his table in the UK. His college degree only reflects on his call cards.

I told this to my children (Daughters inclusive) never to marry a man or woman who has no verifiable means of income.

Money is needed to run a home in the 21st century. Alot of money!

We no longer live in mud houses or drink from pots.

As for "Entitlement", I think every couple should have that mentality depending on the context.

The man is entitled to his wife's emotional commitment. She is his wife and this also applies to the man.

I am tired of typing.

To be truthful, i warned my son's against mingling with an average African woman. They simply don't want to know the truth. They hate the truth with Passion and that is why true feminism failed woefully here.

In the Diaspora, most men who want peace of mind avoid African women because of their "Entitlement Mentality" and how exploitative they are.

Many of these women don't work but enjoy proceeds of child support from numerous partners. You think it's a coincidence? No it not. It was deliberate.

They just want to seat at home, get fat, enlarge their butts and walk up and down the street like a pussy cat that resides in Buckingham Palace.

Should I talk about Nigeria, where you meet an average Nigerian lady and realise that;

1. She is a college graduate because a "Man" sponsored her in school (Both of them are no longer together as a couple).

2. She has a roof over her head because a "Man" made that available (She has no intention of marrying him).

3. She uses the best smartphone because a "Man" bought it for her (Just another random man).

4. She has clothes on her body because a "Man" gave her money for shopping (Obviously he is "One of those mugus".

5. She has food on her table because so many men send her money.

This same woman has no other skill but sexual skills. The only thing she can offer is "Sexual Intercourse", "Birthing Children" and "Companionship" but she expects the man to "Mark her birthdays with a brand new Escalade", "Buy her parents a new house and train her younger ones in school". Is that not exploitation?

This same woman hates her mother inlaw because she sees her as her rival. Anyway, women have always hated themselves from time immemorial, don't get moved when you see them shout in solidarity, it's just for a few seconds.

When asked about their contribution in the relationship or Marriage, some will say "I birthed children for him". But that's your natural default woman!

Even if you sleep with a sexually active mad man, you will get pregnant and birth for him.

Some will even say, "I satisfy him sexually. I gave him my body and soul". But that is same thing you did with your numerous ex lovers.

According to Pastor Sam Adeyemi, he said "If a woman does not help her husband financially, then how else does she want to help him".

In this age and time, it takes two adults who have a verifiable means of income to build a healthy family.


Cheers!

covid2019:


Adonaina

Sir, what's your view on this topic generally.
You are specially invited.

Thanks

chukzyfcbb:

These people you mentioned took on risks so they can enjoy later, they could as well play safe by investing all in building houses but didn't.

But they took on risks and now they are living off their wealth. Eg Tony Elumelu with his foundation helping other young ones. that's the point I am making.

Now is the time to buy landed properties, some people are cash strapped and will do anything to raise money by laying off thier assets. I don't support building of house tho it's a tie down of limited cash . But like I said he should use a bit to buy land and watch it grow , while he invests the rest in his hustle.

Don't just disagree with me, drop your points why you think otherwise.

pocohantas:


A LAND IS AN ASSET. I am not very interested in the economic perspective of his investment. That wasn’t the premise on which my comments were founded, neither did I contest it.

truthsayer009:


Hi Miss tot, are you saying Treasury bills interest rates has crashed from 10% to 4%?

If yes, then what other means is there to invest now, cause me I'm tired.

pocohantas:


That guy is definitely an engineer or something related. I can bet my phone charger on it.

chukzyfcbb:
you have a hustle that you started while in school.

despite the school distraction you were still able to save 11million and yet you are asking what hustle to engage in.

Tell us the truth, are you a Gee boy?

Nobody will make 11million in 6yrs of hustle and still be asking for direction, why not expand the so called hustle abi you be Yahoo boy.

Just a word of advice building a house is a tie down of cash, Jeje buy land fence it and allow it to grow or rent it out to Farmers/block makers while you use the rest to expand your hustle.

You are still young, now is the time to take on risk coz you have the years to recover.

House of 100m here will return a miserly 5-8m on rent, it's fu--cked up really, just buy land and fence it for safety.

overseer1:
Fine!

But if they are yet to receive the consignment, then their promises can said to be as good as failed because the Nigerian Port Authority will sure disappoint them either by delaying the delivery or at most fail to clear it for them.

The congestion at the port the last time I checked is 99.9% full to capacity. They can't take delivery of what so ever for now.

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.