₦airaland Forum

iHart:
...I managed to setup the factory. Now I can ease a sigh of relief. Its time to start production. I procured other necessary things; weighing scales, hydrometer, caustic dissolution container, oil bleaching container, cartons, oils, caustic, etc... Before we talk about my first production. let us take out some time to see how I learnt soap making.


My journey into soap making could be traced back to 2009 when I did my Industrial training (IT). I was opportune to secure an IT place in a soap making firm, International Equitable Association, No 1 Nicolas Rd, off Brass Junction, Aba, Abia State. The company produced the famous "Truck Soap". Unfortunately my training was short lived as the firm faced a deadly management war that saw it being shut down. I don't know if they ever resumed operation.

Do you employ a sales representative to supply your soap to customers? Or you also handle the supply and marketing of your soaps to customers by yourself?

Iammercy2018:
you're a fool for quoting me, did I mention your name here abi who dey look for oversabi legbere like you here, look at this idiot o, yes Moz is poor but better than your Nigeria in most basic aspect, if e dey pain you hit your head for wall twelve times, ode, yes am not ashamed i travelled to a poor country, shebi na paper I take enter there, once una don get money to buy sub na to come online to talk wetin u no be idiot, don't ever mention me again Mr economist, I don't need your analyses about the economy in Moz, I know more about it than you do so shut the Bleep up and drink some water

You need an English class. Just imagine the jargons you wrote above. I can now see where you belong. Bloody illiterate.

Iammercy2018:
let him give us names of the remote villages in north that's enjoying almost 24hrs electricity, ppl with little knowledge talk the most as if they know it all, na so one here saying he's an economics and he knows it all about econs, them put am for him line he no. Comment again

And you are an idiot for referring to me. You want trouble, I will give you one. Though I had promised to stay out of this Mozambique thread because it doesn't beneath my class, you leave me no choice than to hit at you.

You are not ashamed travelling to poverty stricken country like Mozambique and sharing the pictures to deceive some gullible Nigerians. What do you know about Mozambique economy? A country ravaged by high level of poverty, low productivity and underdevelopment. If you want me to prove my assertions about Mozambique economy with economic indices, feel free to ask me or else shut your mouth cause you are a layman in Economics.

TiffanyJ:
My advise dear is to allow the kids to sleep in the bedroom while you and hubby sleep in the living room. All you need do is always get a mattress to the living room every night and then return it in the morning but make sure the bedroom door is shut. The kids would get used to you guys sleeping in the living room and they won't be any wiser

Didn't you read it's a room he rented for his family? Where do you see living room and bedroom in the equation?

ryut:
Moving from two bed room flat as couple with kids to one room is no doubt a challenge.The question here for those that has experienced this is,how do they (husband,wife and children) cope for one room amidst having sex so that the children will not catch them.It may sound so embarrassing for kids to see popsy and momsy banging each other,moaning,cumming etc.Whats the best way to go about it without being caught.

Why did you move from two bedroom apartment to one room? Did you lose your job or trying to save money? Men! I admire your courage.

Women are their worst enemies. They are naturally envious and competitive among themselves. That's why women don't get along easily as friends unlike men.

Wow, I am impressed with FCMB. It's a bank that is well managed and efficient. They may not have huge customer base like GTB, first bank, Zenith bank etc. But they look after their few customers in term of banking services.

Good job by Akin Alabi. I never knew a youth enterprise conference can pull such a crowd.

She has a dirty skin.

You guys that are quoting my comment and criticizing me repeatedly for correcting the mistakes of the OP are so annoying.

The fact is the message has been passed and the OP has read it. So let bygone be bygone and everyone continue to enjoy the dairy. We are all good.

Romeo3:
I am not under obligation to serve anyone. I am risking my life enough at that time of the night. I choose who I will serve at that time of the night. I refuse to be stressed out by any client at 1:30 am.

Call me rude or arrogant, i follow my instincts first before any amount I am to be paid. I did not feel comfortable with how i was being spoken to condescendingly. I have rights as a driver. In options for cancellation, it is clearly stated as an option "I do not wish to serve this client". Mind you, i never replied the client. Everything I write is the way it plays in my head, and not how i say it. My own safety first.

Customer isnt always king. That phrase is wrong and should be totally rephrased. We are always encouraged to report rude riders. If they are kings and always right, no one would ask anyone to report them. That stupid phrase is the same reason a female rider could assault a driver at night and go scot free with it because she is a radio OAP and some people believed she is right. I dont have to accept rudeness in my line of duty because you think "customer is king". And yes, i can choose to reject a contract if I am insulted. And yes, i have once walked a man out of my car for being rude to me. I know my worth. It's far above any money to be collected at that time of the night.

Cheers

If you continue with your arrogance, it will be hard for you to progress from Uber driver. Even Uber company can not say they choose who they will serve as far as a good client is ready to pay for their services. You think if the cancellation and disappointment of Uber taxi is hgh and frequent, clients won't switch to their competitors?

I won't blame you. You are just a Uber driver. Hence, you can't understand the efforts of Uber to promote their brand and stay ahead of their competitors such as taxify etc. When you start your own taxi company, your orientation about running the business will change.

Romeo3:
Past one a.m...

I was dropping off a rider and another request came in. I called the rider, a man, and he gave me directions. Driving towards there, i called just to confirm the estate he said i was coming to... and he replied in a condescending tone..... I kept quiet. Got to the estate gate And called him. He said he was going to call security to let me in..... O..K. Security comes out holding a book. That i should write my name. Ahh ah. Wetin happen? Write name that I am going to see governor or I am about to enter embassy for visa.... I don't understand. My name is Romeo3, write am there. That one too started his own sha. That if I won't write I should go away, that even the mopol wont let me in without me writing my name, and he walked away, back into the estate and locked the gate.....

Shuoooo! See levels.

After 2 mins, the man now called again. He starts well, saying it was just Protocol. Sir, I know it's Protocol, but the whole approach is too funny. Only for the man to spoil everything, telling me "1000 uber cars enter the estate daily, and they all write their names. Rich men enter the estate, and they all write their names. Cars bigger than yours enter the estate, and they all write their names.... That there is nothing special about your car. Just drive in, and come and pick your client"


I sat in the car laughing. 1:30am. You have a girl you want to discharge. A car is outside waiting, and you are speaking grammar.. . . Yeah there is nothing special. But i don't like your tone. I don't like your attitude, and i don't like your approach. If after all my shakara I still sign that book and enter to pick this arrogant nincompoop, he will continue his lecture when he sees me, insult my job, insult my car..... and still rate me 1 star after the trip.

He talked and talked. "Hello, are you there?" Yes i'm there. but I want to punish you. I want to teach you a lesson, and i want to waste your time. Why didn't You call all those bigger cars and all those rich men to come and carry your ashi home by 1:30 am? You requested for a service, and you are insulting me subtly..... You are What? You areeeee....... Mad! "I have heard you sir".. That was all I replied.

I cancelled that trip right there and then, and drove away slowly.... God punish you, and God punish devil. He called me again and i ignored..... I was happy.

You were very arrogant and rude to the client. Without your clients, you are a nobody and will be out of business. From time immemorial, everyone can not be polite and humble. Who cares? As long as the job get done and get paid. How many minutes will it take you to write your name, enter the estate, pick the rider and collect your money.

Though I like your diary, but we must be frank to ourselves as adults when we made a mistake. As rich as Dangote, he won't turn down a client just like that. There is a saying " customer is king" in business. If you have your own company in future, I will see if you will reject a contract just because their secretary or security officer insult you.

veek2:
This guy is a joke. You must be a fake economist judging by your statements. How can you determine the wealth of a citizentry by the size of the country? Its like saying India is better than the US because they have more SMEs. Anyway, I wouldn't waste my time with you, just visit http://worldpoverty.io/ and educate yourself.

You are very stupid. Where did I mention the wealth of a nation is determined by the population size of the country? I said population determines the market size of a country while the wealth of a nation is determined by the abundance of natural resources and productivity of her labour force.

Don't make me angry cause I am out of this thread.

Was she expecting a ggood Samaritan to freely donate his/her kidney to her in india? Doesn't she have relatives that will donate one of their kidneys too? Why strangers?

The collection of Land Use Charge from landlords by Lagos state government is a scam that must be stopped. Or else other states in Nigeria will emulate Lagos state and have the courage to collect land use charge as well.

Shakitibob0:
Edoman.. No be lie... You are so on point

Surely.

Iammercy2018:
I am here and I've had encounter with different nationals who are doing business here, ppl from SA, UK, USA, Brazil, Portugal and China, they all told me they had people doing business in Nigeria but they've all packed up about five years ago, so I know what am saying.

They prefer doing business here than in Nigeria, now this is not a matter of population, if you want I can go and interview all this guys all over again with their voices recorded.

You're in Nigeria, come down here and evaluate things before talking, don't judge with what you read on the paper.

Thank u.

You think I am judging with what I read on newspaper? Last time i checked, I told you I am an economist working with an international organization. I have travelled to several African countries for working purposes. So I am talking from reality. I have no problem if you are sharing diary of your vacation in Mozambique with Nigerians. I am good with it. But comparing Mozambique with Nigeria in terms of economic, business and job opportunities, then you have gone too far.

You are talking about foreigners in Mozambique running small businesses like hair salon, restaurant etc in Mozambique. Do you know that Nigeria have over 17 millions of SMEs business? SMEs business such as tailoring, barbing, catering and baking, hair dressing, welding, vulcanizing, mechanics etc are the large source of employment and income for Nigerians. And the number of SMEs business in Nigeria is still growing more.

I won't make comments on this thread again. A word is enough for the wise. Good day.

EMMAACHILE:
Business opportunity in Nigeria is there but too risky to run. Imagine how many companies have left Nigeria because of the obstacles inherent here.
To do agriculture, herdsmen dey wait for you or electricity will do you shege.
To run a printing press or photo lab, my equipment burnt due to power issues, UPS will try its best but when its issues start, you know you will lose a lot in the business.
Mr Economist, give another reason not to migrate there.

I acknowledge Nigeria has its own challenges. Does that mean you should move from fry pan to fire. Please do your research before relocating to Mozambique and don't be deceived by pictures and comments of someone having her vacation in Mozambique.

Professionally, I won't advise any Nigerian to relocate to Mozambique. There are better countries in the world you can travel to.

Iammercy2018:
Let me burst your bubble, you've got 80% chance of succeeding doing business here than in Nigeria

.

You are a joker. You are comparing a country of 180 million population (huge market) and second largest economy in Africa with Mozambique. In every economic indices, Nigeria is richer and far ahead of Mozambique. Mozambique is a country ranked among the poorest countries in the world.

Despite our high population of 186 million, our per capita GDP of $2,177.99 is double of Mozambique's. Note: the population of Mozambique is just 30 million. It implies an average Nigerian have more income to spend than an average Mozambican.

I am sure you don't know anything about starting and running a business when you said you have got 80℅ chance of succeeding in Mozambique compared to Nigeria. An entrepreneur will want to establish his business in a country with good middle class and disposable income to spend on goods and services. How can it be possible in Mozambique when they are the 7th poorest country in the world? What is the purchasing power of their citizens? After South Africa, Nigeria is a very big investment attraction to foreign investor.

Iammercy2018:
don't even compare anything there to Nigeria, are you for real asking that, naija internet? I laff in Swahili

What's wrong with Nigerians? How dare you compare Mozambique with Nigeria? I hope you know Mozambique is the 7th poorest and underdeveloped country in the world. There per capita GDP is just $1,215. What useless business opportunities are you talking about in Mozambique when the citizens are in penury?

As an economist, I have travelled to several African countries for business conferences and meetings. I won't advise any Nigerians to migrate to Mozambique for whatever reasons because the poverty in Mozambique is extreme and severe.

.

Payporte is an e-commerce business that will soon collapse. There business model is faulty and deceiving. They spend a lot of money on public relations and advertising without corresponding increase in their revenue. How many Nigerians shop on payporte compared to jumia and konga?

christtax:
Lost 600k again

You are lying. How can you lost 600 thousand Naira on sport betting? You think 600 thousand is 6 Kobo right? Explain how you lost 600 thousand on bet9ja before we can advise you. Or else you are a troll.

MhizzAJ:
Why did you go thru her messages....Bad habit

It's natural to be curious about what your girlfriend is up to but privacy in a relationship is very important but if you suspect something is up,its fine to ask your girlfriend about it instead of going thru her messages or better still take permission from her before reading her messages

I don't see myself being in a relationship with someone that doesn't trust me or someone that feels i have something to do with other guys all the time

You strike me like a very weak guy plus you are so untrustworthy...Deal with the outcome of your actions...I care less

Do you just comment on a thread without your reasoning faculty? Your post is not making sense. It's not a must to make a post if you have nothing good to comment on. Can you imagine?

MrNwosu:
Good day..... Family.

Please how do I tell my wife that I have been fired from my job? Considering that she is has a high blood pressure and anything can trigger it up. She been praying and fasting about my job after I told her that my job is shaking....

I have been fired since on 26 of last month this year but I still maintain that everything is alright so she won't notice.... I go out in the morning pretending I'm going to work while what I do is to look up for another job.... In street of Lagos.

And again I ask..... How do I tell her.

How did you lost your job? Is it because of downsizing or incompetence? What was your position in your former company? I doubt if any company will ever sack a diligent and efficient staff.

deenee:
I made a big mistake joining issues with you. So if an existing rule does not work they should not change it. So because boi is trying to ring fence the transaction to reduce the risk they are now incompetent. Ask your self what happened to the cbn msme fund. Anchor borrowers for farmers commercial agric guarantee scheme. Nigerians are very bad borrowers and this is the reason why most intervention funds dont work. We have only heard one side of the story why not hear from boi before trying to drag them down?

Same boi that disbursed over 1 billion naira to corpers at single digit interest rate and all was not pad back. Nigerians that love to borrow with the intention not to pay back?

I agree with you. Nigerians are bad borrowers, most especially men. There is no doubt Bank of Industry is a reputable bank. My problem with your bank is that it is slow and complex in loan application process but it can be improved upon. You guys are doing a good job to the real sector of Nigerian economy.

The lady should have accepted the offer as an intern and build working experience. Some companies do not even pay allowance to their graduate intern.

The payment of land use charge in Lagos is a scam. At least 20℅ of the money Lagos state government will earn from land use charge will go to tinubu's consulting firm ( Alpha beta). Bunch of thieves.

As a CEO, you place yourself on salary just like the employees. The money in your company account should be strictly for business operations or else you may begin to withdraw from it for private matters.

traeces:
I apologize for the length of this story which is an illustration of the lip service our government has been paying to the encouragement of agriculture and private enterprise in Nigeria.

MY APPLICATION
In July, 2017, I submitted an application for a loan of five million, nine hundred and two thousand naira only (N5, 902, 000.00) at the Makurdi, Benue state branch of Bank of Industry. At the initial stage, I was very impressed by what I thought was the professionalism demonstrated by staff of the bank. I got a call on the 31st August 2017 notifying me of the approval of my loan. You can only imagine how delighted I was at the prospect of such a lifeline to my business considering the loan had a tenor of 3 years, moratorium of six months and purported interest of less than 10% per annum and given that my loan officer gave me the impression that now that the loan had been approved, disbursement was going to be a matter of days or weeks at the most.

I was therefore very surprised to say the least when 2 months down the line, I was yet to receive an offer letter under the pretext that searches were been carried out on my person and on my business. I patiently waited while inundating Bank of Industry Makurdi office with calls and visits. It was not until early November, 2017 that I received a call informing me that the searches came clean and my offer letter was now ready. I went to the office and asked to receive my letter but to my surprise, I was asked to pay a non refundable fee of 1% of the amount approved for me before I could even view the letter. This part sounded almost criminal to me, why won’t I see the terms governing the purported offer before committing resources I did not have? They told me it was the norm and that there was no other way so I went ahead to pay the sum of Fifty Two Thousand Naira (N52, 000.00) being 1% of the sum approved. See receipt of the payment attached.

Thereafter, I received a 6-paged offer letter in which I found ridiculous terms that made me wonder why a government agency whose objective was the encouragement of entrepreneurship could be that devious and self interested. See some details:

1.) The approved loan amount was five million, one hundred and ninety four thousand, three hundred and twenty two naira (N5, 194,322.00). A good percentage of this approved sum was for fees and charges which did not add any direct value to my business and which were at the exclusive discretion of the bank.
2.) The source was FGN (NEDEP) fund.
3.) It was to be discharged towards the procurement of items of equipment and raw material for my business. In other words, I was not supposed to get a kobo in cash, my suppliers were meant to get payment after they had supplied the materials I required.
4.) I also found in addition to other 8 conditions all of which I had met that I was meant to pay another security arrangement of 10% of the approved loan amount being Five hundred and nineteen thousand, four hundred and thirty two naira twenty kobo (N519,432.20)
5.) No legal action could be instituted howsoever instigated and/or sustained by my company against Bank of Industry jointly or severally without first giving BOI a ninety (90) day prior written pre-action notice of my company’s intention to so proceed against Bank of Industry.
6.) Bank of Industry’s ability to accommodate this facility within its legal lending limits was subject to availability of funds. This left me wondering why the bank will approve my application, collect a non refundable fee of 1% of the approved amount without first determining funds’ availability.
7.) The mother of all frauds in the offer letter was that if the loan was not disbursed within 2 months from the date of the letter of offer (31st October, 2017), the Bank of Industry without any consideration of why it was not disbursed reserved the right to review the terms and conditions of offer but if the loan was not disbursed within 3 months from the date of the letter of offer, the letter lapses and all expenses incurred by the bank shall be repaid by my company.
8.) If the offer letter contained unfriendly terms, you can only imagine what the 20 paged loan agreement proper contained. On the whole, the terms of the loan agreement was such that the bank was more than 100% covered while I and my 2 guarantors were made to bear all the risks and every legal obligation/responsibility.

This was the greatest source of my fear as it all meant that the bank could afford the highest form of irresponsibility and recklessness as far as the loan and its disbursement was concerned and not face any consequence whatsoever. However, not only did I need the loan, at this point I had invested so much resource in money, time and energy that I felt the need to see it all through. So I stayed interested nonetheless.

{To be cond} Meanwhile, feel free to share this story or post any similar experience you have had with BOI or any other government agency.

Is your business a start-up or existing business? And what is your business into?

traeces:
I apologize for the length of this story which is an illustration of the lip service our government has been paying to the encouragement of agriculture and private enterprise in Nigeria.

MY APPLICATION
In July, 2017, I submitted an application for a loan of five million, nine hundred and two thousand naira only (N5, 902, 000.00) at the Makurdi, Benue state branch of Bank of Industry. At the initial stage, I was very impressed by what I thought was the professionalism demonstrated by staff of the bank. I got a call on the 31st August 2017 notifying me of the approval of my loan. You can only imagine how delighted I was at the prospect of such a lifeline to my business considering the loan had a tenor of 3 years, moratorium of six months and purported interest of less than 10% per annum and given that my loan officer gave me the impression that now that the loan had been approved, disbursement was going to be a matter of days or weeks at the most.

I was therefore very surprised to say the least when 2 months down the line, I was yet to receive an offer letter under the pretext that searches were been carried out on my person and on my business. I patiently waited while inundating Bank of Industry Makurdi office with calls and visits. It was not until early November, 2017 that I received a call informing me that the searches came clean and my offer letter was now ready. I went to the office and asked to receive my letter but to my surprise, I was asked to pay a non refundable fee of 1% of the amount approved for me before I could even view the letter. This part sounded almost criminal to me, why won’t I see the terms governing the purported offer before committing resources I did not have? They told me it was the norm and that there was no other way so I went ahead to pay the sum of Fifty Two Thousand Naira (N52, 000.00) being 1% of the sum approved. See receipt of the payment attached.

Thereafter, I received a 6-paged offer letter in which I found ridiculous terms that made me wonder why a government agency whose objective was the encouragement of entrepreneurship could be that devious and self interested. See some details:

1.) The approved loan amount was five million, one hundred and ninety four thousand, three hundred and twenty two naira (N5, 194,322.00). A good percentage of this approved sum was for fees and charges which did not add any direct value to my business and which were at the exclusive discretion of the bank.
2.) The source was FGN (NEDEP) fund.
3.) It was to be discharged towards the procurement of items of equipment and raw material for my business. In other words, I was not supposed to get a kobo in cash, my suppliers were meant to get payment after they had supplied the materials I required.
4.) I also found in addition to other 8 conditions all of which I had met that I was meant to pay another security arrangement of 10% of the approved loan amount being Five hundred and nineteen thousand, four hundred and thirty two naira twenty kobo (N519,432.20)
5.) No legal action could be instituted howsoever instigated and/or sustained by my company against Bank of Industry jointly or severally without first giving BOI a ninety (90) day prior written pre-action notice of my company’s intention to so proceed against Bank of Industry.
6.) Bank of Industry’s ability to accommodate this facility within its legal lending limits was subject to availability of funds. This left me wondering why the bank will approve my application, collect a non refundable fee of 1% of the approved amount without first determining funds’ availability.
7.) The mother of all frauds in the offer letter was that if the loan was not disbursed within 2 months from the date of the letter of offer (31st October, 2017), the Bank of Industry without any consideration of why it was not disbursed reserved the right to review the terms and conditions of offer but if the loan was not disbursed within 3 months from the date of the letter of offer, the letter lapses and all expenses incurred by the bank shall be repaid by my company.
8.) If the offer letter contained unfriendly terms, you can only imagine what the 20 paged loan agreement proper contained. On the whole, the terms of the loan agreement was such that the bank was more than 100% covered while I and my 2 guarantors were made to bear all the risks and every legal obligation/responsibility.

This was the greatest source of my fear as it all meant that the bank could afford the highest form of irresponsibility and recklessness as far as the loan and its disbursement was concerned and not face any consequence whatsoever. However, not only did I need the loan, at this point I had invested so much resource in money, time and energy that I felt the need to see it all through. So I stayed interested nonetheless.

{To be cond} Meanwhile, feel free to share this story or post any similar experience you have had with BOI or any other government agency.

Is your business a start-up or existing business?

35k last price and I come and pick it up.