₦airaland Forum

babasho1:
what about Tokunbo or fairly used home appliances. I have a neighbour who imported truck load of fairly used fridge,sound system, shopper bic, and cars. though Jr has not sold the car sin last December but he sold every other thing within a week. He will be traveling to Germany anytime from now for same biz.

omonnakoda:
If you are in Africa and you have 2 million naira you really do not need to buy anything from Europe there is enough to buy and sell in Africa. The easiest and most obvious is Food.Even if you ar selling garri with 2 million Naira after 12 month you will know what you are doing.Do some research and find where to source from ,transport costs etc. You will have to become a trader and sit down with your goods everyday.Whether,Garri,Rice,beans,tomato,onions etc.There is no day that you won't sell. If you have 2 million you wil buy at good prices.
Now talking about Europe I Will not advice it at all and at any rate Shipping and clearing a 40ft container alone will cost 2 million without talking about what you will put in it. Generally the things that you will make money importing are often contraband and so risky .
Those that are not contraband are very competitive with very big players in the market. You will not be able to by anything at a good price if you are buying just 2 million naira and you will discover when you arrive in Nigeria you cannot profit.Another thing you must be aware of is
a lot of importers have a dubious source of income so they can buy something for $1000 and when it reaches Nigeria they still sell for $1000 even less because they got their money mysteriously . How can you compete with that.?
I do not know why people are so fixed on leaving Nigeria when the country is so blessed. From your question it does not sound as if you know much about business and so the first thing I will advise you to do is to go and learn from those that are already in business. Then you can decide wat you want to do.Put your money in a fixed account or buy Federal Government Treasury bills which will give very good interest.
I strongly recommend foodstuff but even that you must learn.Youu can join a union. If you are in Lagos there are rurall areas still find cheap land to rent and get labourers to plant ugwu leaves(they have union too) .It might seem dirty but is rewarding .
If you are really fixed on importing spare parts is good bt you must learn it for months or even years
Good luck

talktrue1:
1$ = N220

Import Business is not good in Nigeria NOW especially if you are based in Nigeria

omonnakoda:
Why Europe?

The question of where you are is important too as is the fact that the exchange rate for the Naira is changing rapidly so when you finish your trade will you be counting your profit loss in Naira or another currency

tociano009:
where are you and Do you really want to do business, cos I am in Germany and there is a lot of business to do....

Obasanjo Attacks Jonathan Again, Accuses President Of Squandering Oil Savings

Former President Olusegun Obasanjo has again launched a public attack on President Goodluck Jonathan, accusing him of squandering $25billion crude oil savings left behind by his administration.

Mr. Obasanjo made the allegation while hosting the South-West women leaders at his residence in Abeokuta Monday.
He said his administration left over $25 billion to his successor, Musa Yar’adua, who raised the sum to $35 billion.

Mr. Obasanjo said he also left $40billion in Nigeria’s foreign reserve account after paying the outstanding debt at the time.

He said former President Yar’adua also raised the reserves to $60billion.

Under President Jonathan, the reserves has plummeted to $40billion, Mr. Obasanjo said.

The new claims followed a series of public denunciation of Mr. Jonathan’s government by the former president.

In 2014, Mr. Obasanjo repeatedly lambasted the current government, accusing the president of promoting and tolerating corruption, and failing to provide security for Nigerians.

Mr. Obasanjo also released a book mid-December scolding the president as a self-centred politician who thinks less of the country and fraternises with corrupt and questionable characters.

In his comments on Monday, Mr. Obasanjo said he was not fighting the president, nor was Mr. Jonathan fighting him. He said he was more concerned about the interest of the country, and therefore cared less about criticisms.

“Our economy should not have been this bad. When I was leaving office about eight years ago, I left a very huge reserve after we had paid all our debts. Almost $25billion we kept in what they called excess crude. The excess from the budget we were saving as reserve for the rainy days. When we left in May 2007, the reserve was said to have been raised to $35billion,” he said.

“But today, that reserve has been depleted! Today, that reserve has been depleted. The reserve we left when we finished paying all our debts, our debts that was about 40billion dollars, that is including debt forgiveness, the remaining debt was not more than $3billion. Our reserve after we had paid off this debt was about $45billion. As I said, they continued till the end of 2007, I heard that the reserve increased to almost $67billion before the end of the year. Our reserve now, learnt is left with around only $30billion.

“That is why the Naira has been falling against the dollar. What would now happen, I learnt if you want to buy a dollar now, it’s about N192 or N195. What it means is this, what you have been buying at N150 to a dollar, now you need N192 or N195 to buy it. That is the real situation. Is there any remedy? There is, but it does not come overnight because it means we have to give up all the bad things we have been doing,” Mr. Obasanjo said.

“I know that God did not create Nigeria not to be rich or great. Is it that the people he created in Nigeria are not knowledgeable enough or not intelligent enough? Or is that they don’t know their rights? Our problems in Nigeria, let’s look at the foundation of our leadership. In the profession I know very well, the military, what we normally say is that there are no bad soldiers but bad officers. If you see a situation where the soldiers are not doing well, we need to examine the officers in charge. So it is in the family, the community, the town and the country,” he said.

He denied being against President Jonathan.

“I have no grudges against Jonathan and I think Jonathan equally has no grudges against me. I’m not quarrelling with Jonathan but all I know is that whatever is good for Nigeria, that I’m ready to die for,” he said.

“I emphasize that whatever is good for Nigeria, is what I’m ready to defend with my life. Whoever, I emphasize, whoever says he would not do anything good to Nigeria, even if he says he’s ready to go ‘konko below’, I’m ready to square it up with such a person. I say again, whoever that person may be, I want you to get that correctly. If this country is going to change for the better, it would start from the top and if it’s going to be otherwise, it would start from the top, too,” the former president stressed.

On the forthcoming election, Mr. Obasanjo said he’s not apprehensive as being speculated, just as he advised the electorates to vote for candidates with integrity and good records.

“I have no apprehension over this coming elections. I have no fears over the forthcoming elections. I have had some little experience about this country. I was a military head of state and I was also a civilian president, so what is left?’

“So, if I talk, I know what I’m saying. Whoever wants, should listen to me and whoever feels otherwise, may turn a deaf ear. But when I’m talking, I’m talking with my understanding and intellect. I’m drawing from my experience and from what I’ve learnt with others and from other countries and fellow eminent citizens of the world that I relate with. But leave all of that.

“Good governance comes from voting, from selection of leaders. It is now left to you to decide who you cast your vote for because if you throw away your votes and tomorrow you are saying good governance, once you throw away your votes you have lost out. That is one. Find out the track records of achievements of those you want to vote for. What have they achieved in the past and not what they have said’.

“Truly, the price of crude has fallen, but anyone who is wise enough should know that since we depend on just one resources, and since we have no control over its pricing, we should be planning for this type of situation and the way out of it. Our inability to have reserve has brought us into this economic quagmire,” he said.

Earlier in her speech, the Iyalode of Yorubaland, who led the women, noted that President Obasanjo has become a good repository of everything that makes for nationhood.

“You are the hand and eye in all the nooks and crannies of Nigeria. You are the voice everybody is waiting to hear his response on any topical issue in the public domain. We believe we are in the right place to discuss with you some knotty issues bleeding our hearts as we have seen you as a beacon of hope and lights for the nation”, Ms. Lawson told Obasanjo.

On state of the nation, the women said they were concerned about current happenings in the country, going by the current atmosphere of fear and uncertainty.

She said the nation is plagued by insecurity, economic downturn, poverty, corruption, among other challenges.

“The unabated nefarious activities of the insurgents which have placed us as a people on the throes of war is worrisome to us, because womenfolk is the most affected. Countless Nigerian women have lost their lives, husbands, children, relatives and sources of livelihood as a result of the despicable acts of killing and wanton destruction by the Boko Haram insurgents,” she said.

Orunto:
Let Gbenga Aruleba of AIT invite OBJ and ElRey01
to a chat on AIT home programme on all the issues criticised in the book. This will be good for democracy.

pazienza:
Don't take his bait. He want to incite Igbo dick measuring contest between Enugu people and Anambrarians. Don't take the bait, don't compare Enugu with any SE town,Enugu is the capital of the Igbo nation, it belongs to all Ndiigbo. Onitsha is our commercial capital, Aba is our Industrial capital, Nnewi is going to be our detroit, Owerri our tourist haven, Abakaliki would be the centre of our agro econnomy, there is room for all in the Igbo nation, no need for Igbo dick measuring contest.