₦airaland Forum

franchasofficia:
Let me correct some wrong impression Nigerians have about Forbes.



In developed and well documented nations like countries in Europe, North America and some Asian countries, it is natural and easy to document the wealthiest and the poorest people amongst their population because there is accurate data made available to all whether you want it or not, and this is mostly for government taxation purposes and also for planning.



But in Africa, there is no accurate data or record, especially in West Africa. So you can't definitely say these are the exact population of the richest people and the poorest persons, you can only work with data made available by those who wishes to make their figures available to you because in West Africa, you can decide to hide your wealth from the government without the government knowing your true worth, this is impossible abroad which led many millionaires and billionaires in western world and in organized countries to start making use of offshore companies and shell investments using proxies to hide their wealth in order to run away from heavy government taxation.



Some hide under charity organizations to evade heavy taxation, but in West Africa or Nigeria, you may not even need that if you wish to hide your wealth using friends, family members, fronts, proxies, etc, government will only report or know what you made available to them and that's why Nigerian tax system remains one of the most porous.


What am I trying to say in all these? Yes Aliko Dangote is the richest Forbes-documented Nigerian according to Forbes report, but this may not be the true situation in Nigeria where there are hundreds or thousands of illicit business billionaires who makes or made their money via lots of unknown sources that can't be traced and they don't even want spotlight. Even some Nigerian government officials maybe richer than Aliko Dangote but because they refused to make their wealth and worth known or available to Forbes, Forbes will never know because in Nigeria, we don't have any accurate database. Even our real population we don't know till today.


I know somebody, yes an Igbo man who owns chains of companies in almost all sectors of the economy but Nigerians only know him as the owner of one particular business that's not even that big. Even the employees of those other companies of his don't know he is the owner because he doesn't show his face, and funny enough same man owns chains of businesses in East and Central Africa that I am sure no Nigerian know about except few people very close to the family.


You know as someone who has been a player in the business world, I noticed something about Yorubas, they love packaging. A Yoruba guy may open a plantain chips making business, and he will package the business to look like a million dollar company, which to me is very good. But unfortunately an Igbo man doesn't believe in packaging business to look big to outsiders, instead a typical Igbo man prefers to even disguise his business like its struggling while he rakes his money unnoticed.


It took several intervention of people for owner of Young Shall Grow Motors to accept packaging his transport business to look modern, till date he still prefers it the crude way and have rejected several attempts to modernise the operations. He is the richest Nigerian Transporter. He is a dollar billionaire, he has made the list some years back you can google about it. He even refused to relocate from Festac Town Lagos not until after the assassination attempt on his life some years back that his children insisted he must relocate to Ikoyi which he reluctantly did.



Igbo business men are almost like Chinese, they don't like spotlight. The story of Igbos and Yorubas and Hausa-Fulanis in Nigeria is like that of China, US and Europe.


US and Europe appear bigger due to media reportage, global political influence and hyping, but in reality, China is the economic hub of the world with underreportage.


Igbos are the most successful tribe in Nigeria not just based on who has the highest number of widely accepted richest persons or highest number of documented billionaires but based on who has the highest number of people living well above poverty line without depending on government. Many foreign organizations have reported this.


What I mean is this, for instance, if you compare China with maybe US, US have more number of richest individuals in billions, but China sure have more number of people that are rich in millions and thousands.


Let me further explain this mathematically for you and others to understand better.


Lets assume Hausa-Fulanis are 100million in population


Igbos are 50million in population


Yorubas are 52million in population


Hausa-Fulanis have 10 persons that are documented billionaires, and 2 million persons that are millionaires and 10million persons that are thousandnaires, and the rest are hundrednaires or sth.


Yorubas have 6 persons that are documented billionaires, 10million persons that are millionaires, 15million persons that are thousandnaires and then the rest are hundrednaires.


Igbos have 1 person that is a documented billionaire, 19million that are millionaires, 23million that are thousandnaires and the rest are hundrednaires.


Now if you check this statistics, you would notice that even though the Hausa-Fulanis have the highest number of documented billionaires, they are still the poorest tribe, followed by the Yorubas and lastly the Igbos.

And this evenly spread of wealth among Igbos more than other Nigerian tribes can be attributed to the widely reported "Igba Boi" apprenticeship practice amongst Igbos.


BBC, Forbes and World Bank have reported this before, you can use Google.



Lastly, you should give Igbos a lot of kudos for a tribe that lost everything to a 3 year long civil war in 1970 to rise from the ashes of war in which they lost all, to become the economic power of Nigeria today is not easy even without producing a single President of Nigeria since the end of civil war, of which you know that Presidents play a lot of role on how rich people become in Nigeria and in most African countries.



If you check all the billionaires you mentioned, most of them if not all, their wealth is linked or tied to crude oil business which is controlled by Nigeria's Presidents that no Igbo man have ever became since 1966.


On the issue of Lagos, I have clarified this reoccurring topic Yorubas always use to brag on several occassions.


Yorubas didn't make Lagos what it is. No Yoruba man made Lagos what it is. Nigeria's federal government made Lagos what it is and reason Igbos flood to Lagos because Lagos has been Nigeria's capital city for decades, and for this, housed virtually all federal government organizations, including foreign country embassies so it is impossible for an igbo man known for trade and commerce to do their businesses without visting Lagos to get visa, clear their imported goods, export their products and carry other activities.


Divide Nigeria today and majority of Igbos will naturally leave Lagos, those that may remain will do so because of their existing businesses or for other reasons best known to them, so stop bragging about Lagos as if Yorubas single handedly made Lagos what it is. You can brag with Oyo, Ogun, Ondo, etc, Lagos is a cosmopolitan city made by Nigerian federal government and plenty other groups, including foreigners.



If Yorubas are that good in building great cities, please let them turn Ondo state to another Lagos, at least Ondo state also have sea and ocean that can become another seaport.



Nigerian federal government through favorable policies of many decades made Lagos what it is, not Tinubu that was yet to be born when Lagos became Nigeria's capital city!



For more information on why Igbo tribe are the most successful tribe in Nigeria, please check these reliable foreign sources below:



https://journals.co.za/doi/abs/10.31920/2050-4950/2019/sin1a13


https://library.au.int/igba-boi-apprenticeship-approach-arsenal-behind-growing-success-igbo-entrepreneurs-nigeria



https://www.google.com/amp/s/www.bbc.com/news/world-africa-56985304.amp




https://www.quora.com/Are-the-Igbos-actually-the-wealthiest-ethnic-group-in-Nigeria-or-is-that-just-a-misconception


Which Nigerian Tribe is The Richest?

First, I am going to assume Nigeria is made up of just 5 tribes for clarity of answer, and my chosen tribes will be - The Hausa-Fulani, The Igbos, The Yorubas, The Binis, and The Ijaws-Urhobos.

Going further, in Nigeria, there are 5 - 6 classes of rich people:

1) The Politicians (political class) & Politically Assisted Rich Persons.

2) The Genuine Businessmen, Industrialists & Traders.


3) The professional working class - those working & earning fat salaries


4) The hustlers - internet scammers, drug peddlers, human traffickers.


5) The Rich Diasporas - Nigerians living, working abroad.

6) The entertainers - music stars, movie stars, sportsmen, etc.


Now, before you can answer this question correctly, you must consider these class of rich Nigerians, and the number of each tribe that makes up the majority of these various class of rich Nigerians.

When you come to number 1 - Rich Politicians/Politically Assisted Persons, the Hausa-Fulani have more of this class of rich people, and the reason is obvious; they have been in political power since Nigeria got independence in 1960 more than any other tribe. After the Hausa-Fulani comes the Yoruba tribe, and then the Igbo tribe.

Genuine Businessmen & Industrialists - under this class, I think the Igbo tribe have a majority, followed by the Yorubas, and the Hausa-Fulani.


The Professional Working Class - here, the Yoruba tribe have the majority, followed by the Igbo tribe, and the Ijaw-Urhobo tribe.


The Hustlers - under this class, the Igbos have the majority, followed by the Binis and the Yorubas, and then other tribes


The Rich Diasporas - The Igbo tribe also take the majority for obvious reason; after the end of the Nigerian civil war in 1969, which was like a war between the Igbo tribe and the rest of Nigerian tribes, which ended in favour of the rest of Nigerian tribes, and pushed Igbos to the wall because after the war ended, Igbos were left with nothing to start life with, and even got shortchanged by the Hausa-Fulani/Yoruba controlled federal government in the after-war monetary, financial policies, which made Igbos to start migrating to almost anywhere possible in search of greener pastures, and this paid them off at the long run, as they are now found in almost every part of the world succeeding in various human field.

After Igbos comes the Yoruba and Bini tribes.

The Entertainers - Yorubas have the highest number of rich entertainers in Nigeria, followed by the Igbo tribe, and then other tribes.

When you put all these figures together, you will then realize that when it comes to total or highest number of rich people, Igbo is the richest Nigerian tribe, followed by the Yoruba, and then Hausa-Fulani and the Ijaw-Uhrobos.

But when you want to count the tribe with the richest person as in who has the highest quantified wealth, then it is the Hausa-Fulani and followed by the Yoruba tribe and then Igbo. But by population of rich Nigerians, Igbos are the richest. I stand to be corrected but if one is honest, the indices is there to prove this fact.



So conclusively, judging by per capita income, by all indications, Igbo is the richest Nigerian tribe according to virtually all verifiable reports.



Though the richest people in Nigeria individually are Hausa and Yoruba.


From my own observation, Igbos have few documented billionaires in US dollars and many millionaires, while Yorubas and Hausa-Fulanis have few millionaires but more billionaires. This is in US dollars.

To operate at a billionaire level in Nigeria, deep connections to the government and oil industry are mandatory, which the Igbos don’t have to the extent that other groups do because Igbos have not have access to Nigeria's Presidential power like Hausa-Fulanis and Yorubas.



Also remember that generational wealth was also nearly wiped out among the Igbos during the Biafran war 40 years ago.

I was browsing thru to see who has a good reply for that guy, gbam I see am. No need to stress my self. You explained more Dan I anticipated to do

nadisms:
Bombo tete bombo te....lol... I know him ,including chyko,goto and co...

You schooled there too?

Yeah

Una eye never open "O foolish Nigerians" this man we call our president is not buhari. Buhari is long dead

nadisms:
Na confirm obodo charly I be

2007 set.... sayoto,boster, dem set

I started from jess 1 in secondary, moved to science..

In those days,we get secondary and science...

Our days sweet joor

But now,d av joined both

You know bombo, chyko, gboto, ambassador, city, dem?

nadisms:
For you to say 17 local government,then you are not from Anambra. We have 21 local governments

Let me chip in : one of the best medical students hostel in nigeria was built by Peter Obi. HE laid the foundation to the accreditation of medical school in Anambra... Medical students had been there for several years without graduation but Obi laid massive foundation that saw to their graduation...
Peter built and equipped Anambra state university teaching hospital.

Education: In fact, it's so obvious... I was born and raised in Onitsha. Some of us who went to school in Anambra will tell you that Obi did in magic in education sector..
Faculty of Engineering (one of the best in SE) was built by him in Uli.

My school st Charles college onitsha, was revolutionise by Peter obi. omo that school choke now.. very beautiful..

Many villages in Anambra are connected by road courtesy of Peter obi

Tori plenty abeg

You are just being mischievous,if not ask any Anambrarian the performance of peter obi, then they will tell you

which set u be for st Charles. Did u started in jss 1

franchasofficia:
Send these your Agbado gibberish to Arise TV to invite Obi for grilling.


Because Tinubu is a drug lord you Agbado boys now want to cook your own watery soup of Obi being a drug lord too, laughable



Because Tinubu is a ritualist and one of the grandpatrons of that famous cult group, you now want to also cook your own weightless soup of Obi being an Olumba member.



So because Tinubu impregnated so many ladies and abandoned them to marry Remi he met at a motor park, you now want to also rope Obi into your own fantasy marriage mess?



Honestly most of you Agbado boys no get shame.


Tinubu is too old, too corrupt, too greedy, too selfish, too power hungry, too dangerous, too fake, too dishonest and sneaky to be Nigeria's next President after the so much destruction Buhari have done to Nigeria, its too risky to try this.



Osinbajo would have been a far better candidate that would have divided Peter Obi's supporters even without campaign.



Tinubu is a criminal, a known corrupt political godfather who survives on Lagos treasury.


You guys keep mentioning Lagos this and that, even a mad man can rule Lagos successfully. Lagos is a super rich state since the 1960s all thanks to Lagos being the capital of Nigeria and the seaports it also have.


Don't ever compare Lagos Governor with any other Nigerian state Governor because Lagos state have so much money to be competing in infrastructural projects with the Nigerian government not states okay. And where are the projects done? None, only meagre projects yet you blind followers scream how Tinubu transformed Lagos that has turned to the biggest slum in Africa, shame shame.



Without Lagos State treasury that Tinubu held on to since 2007 he left office as Governor of Lagos state, nobody would remember someone like Tinubu exist today like many other past State Governors, but even after he left office as Governor and never put eye in Anambra government affairs, Obi has remained fully relevant and active in business globally. He has continued to make waves in personal business and entrepreneurship but talk about Tinubu, his only visible investment is Lagos State treasury.

My brother I tire o. With all the visible evidence that this tinubu is senile, old and sick plus what APC bestowed upon us. People still get mind dey support him. BLOOD OF JESUS CHRIST!!!!!!!!.
Upon all the whole happening in naija, people still dey support mediocrity? Something even a blind man can see

CaveAdullam:
Mine is not a one-time hardest decision. It is one I constantly bear no matter how much I try to abstain. It is dealing with dumb people daily.

There's no day you won't come across someone that will not infuriate you. If it is not humans in their fleshly form haranguing you with different shades of nonsense, it is humans in their video form spilling useless talks or displaying useless behaviors. Or, in their audio form: stupid music or talk shows. Or, social media form: stupid posts or actions.

There is a second hardest one: dealing with dumb religious people. Forget it, these people can either make you run mad or provoke you to the extent that you will be forced to imaginatively carry out a surgical examination of their brains to check what's inside.

Anyways, as humans, we will face different levels of hardest and tough decisions as per our current level. Today's decision will become tomorrow's easy walkthrough. That's life for you. Things change. People change. Circumstances change. All we hope is the best.

May we know peace and love.

Thanks.

U see that religious one, baba forget. Sometimes I wonder, what their brain is made of.

What people understand, they are different types of intelligent which is
Logical intelligence
mathematical intelligence
Linguistic intelligence
Spatial Intelligence
Musical Intelligence
Bodily-kinesthetic Intelligence
Intrapersonal Intelligence
Interpersonal Intelligence.
Naturalistic intelligence.


Just that ppl don't know theirselves to know the category they belong.
Nigerian teacher pay attention to mathematical n linguistic intelligence and generalized is as intelligence. Plato once said " MAN KNOW THY SELF" That is a very critical word. A man is tag genius if he posses almost if not all the intelligence I listed above..
Being a billionaire requires determination, smartness, discipline and dope mannerliness.
Every sane person belong to at least category of this intelligence I listed here, unless you are retarded. Just Nigerian places ppl that are linguistically intelligent as being super intelligent, of which if I am to say, is the least

They wear body suits, you may thinks they are naked but dey are not, is just suit

Sometimes I wonder why guys spends foolishly on ladies, this money way I dey sweat get, na him I go spend foolishly and unnecessary on woman that is not even my mom, when I am not a yahoo boy, as I good reach, even my sister can't ask money for foolish things talkless woman way no dey related to me. If pussy na your problem better go dey visit olosho houz, mak u dey make sound decision,so u will nt not to be tied to her pussy. Because my instinct dey tell me, this mugu way u dey fall wotowoto na because of hr pussy. Guys DAT are stick to one pussy always does this, keep digging ur grave

This one, 0nly men are spending money, what happened to your wives, are they not ment to support una, I never marry but I cannot be bleeding out daily and my wife be doing nothing to support. Anyway I cannot marry jobless and unsupportive woman. One is even mentioned fuelling his wife car everyday. Omo days don tough o, me dey spend 3500 everyday dey complain self, my gen never sound for like 1month.

The best form of knowledge is to know you know nothing " plato

I wonder, if people can be so gullible like this, how do u expect them to vote the right person into power. Omo e be things o. I just dey save for Japa o, I can't be sane in the land of the mad!!!

ictplotter:
I don't understand Christianity at all, the more I try to understand it doctrine. The more confuse I find myself.
Jesus died for your sin and pay fully for the sin with his blood. Why Christians still mindful of sin and being sinners?
Was it that they was a limit of sin jesus die for?
Biblically every Christians is already heaven made because jesus hav laid down his precious life for their sin. They hav the rite to commit any sin being yahoo yahoo, rituals, fraud, etc because jesus hav already pay for the punishment for those with his blood. Don't come here and start brainwashing me about the sin of Adam I don't know anything about.
If God can allow one to inherit the sin of Adam he was not aware of, so why same God not still allow same person to inherit the prosperity of Solomon?

The bible, can never be a word of God. Bible is full of lies and atrocities.
Listen to your heart, ur conscience. That is the real word of God. The word of GOD is in the creation of man, n obeying the word of God is making your fellow creation to be happy.

Xitri:
the law of sowing and reaping does not apply to everything in this life. There are some things that you do and you get away with it. Yahoo(***I am not a yahoo boy***) is part of those things provided it is not plus.



Do you know how many people Obasanjo killed throughout his entire life? And the man is still healthy and okay even at old age. This same law did not catch up with him.


The frog-eyed man running up and down now hoping to be the president of Nigeria can only pretend to know nothing about the Lekki Massacre in 2020. Those that are dead are dead, the bastard is still alive and even hoping to kill more people if he enters as the president.


So this law in my own opinion is not applicable here, maybe in another world prolly after death it may find its application.

Kama law, is a Hindu religion believe, they believe in reincarnation, if u didn't serve in did your lifetime, definitely in your next life, u gonna serve it full dose. Anything DAT happen to us is definitely the energy we gave out. Diff is some are quicker, y some still gonna serve it in their next existence

We all know the outcome, o foolish Nigerians, you can now move back to your trenches. I don't know who bewitched you.

Noblewealth:
Scholars in the house I need you all to solve thess for me..

Adio is twice as old as he was five years ago.His mother was then six times as
old as he was.she is now 35 years old.
How old is Adio?
How old was his mother when he was five?_
How old will he be when his mother is 50?
How old was Adio's mother when he was born?
What is the difference between Adio's age and his mother's age?

adio is 15yrs
No 2, 25yrs
No3, 30yrs
No4, 19yrs
No5, 20yrs

Angelfrost:
This is precisely why I have since dampened my optimism about this nation with regards to next election.

The average Nigerian is more concerned about the popularity of his candidate than their actual ability to deliver good governance. They are more concerned about rubbing in the Victory of their choice candidates than their ability to steer this nation in the direction of progress.

You can imagine... Even the wasted tenures of Buhari has taught these people nothing. SMH!

My brother leave talk, I think we have not suffered enough. We need more suffer, most Nigerian are greedy and money conscious, ever wanting to reap where dey did not sow.
Later they will blame one rich apolitical man that he doesn't help the poor or provide amenities for his community,Nigerian had made me lose my philanthropic nature,. Recycle the same corrupt men later dem go still blame govt. When you sold your soul to the devil. They can see beyond PDP n APC. I stopped speaking against the government, because we are just the mirror image of the people at the realm of the government.

There is different between rich and wealthy.
Your just rich, because to an extent you can afford moderate nice things for your self. With your salary you can get ur self a good loan of 5million to kick start a major project. But u ar very far from being a wealthy person.

I know this man as a no nonsense man, he got so many things right when was Absu VC.

Afamed:
Where are the structures of NNPP in Nigeria to have thought of winning Presidential election?
You joke a lot

What structure does APC had when they won CIA first election

Youths!!!! So 8years una never learn

*what do will have here twig?, a lost bird, a lost bird that never learn how to fly*
*Bone of the father unknowingly given, you renew your son. Flesh of the servant, willingly sacrificed, you shall revive your master. Blood of the enemy forcefully taken, you will resurrect your foe* wow I so much this line, I do enchant it when I am about to queen my pawn, in my chess game

*I am a doer
* if money ain't everything, work at McDonald
* sell me this pen
* I want you to solve ur problems by becoming rich

Sweetplum:
If you want to shoot, shoot. Don't talk!

Whoever get this ll win 1
pep coke & N50 gala.

I think is jango

Emperorone:
If you wanna shoot, shoot but don't talk

Jango

People die all the time, but million ain't coming to your life all the time.
2) you can't quench a benzene fire

dontrulee:
1. It's just a fucking dog!!
2. I can kill you with a pencil.
3. With great power comes great responsibility.
4. You've been declared guilty.

No 1 is john wick

Notyourtype:
number 3. Spider man.

No 1 is john wick

LandMann:
The world was designed to reward good and evil deeds. Some people's reward come quickly, some take time. It's called karma. Pastors understand this and get trained in other psychological skills which they use to manipulate people like you.

Your spirituality should be your private affair and you should not force it down the throat of others. You painted God as unjust/unfair by describing how "He" rescued you from being caught in exam malpractice while somebody else was caught in your stead. Is that how God works? The God I know is not unjust/unfair, and by virtue of how he has designed this world, we'll all get rewarded for our actions one day. Keep your hands clean and keep doing more of good and favour will follow you. No need allowing one pastor brainwash you into not being able to think for yourself and ascribing everything to the work of God, even when you clearly do wrong/evil. God is not partial/unjust/unfair.

Thank you for teaching DAT guy, that is why I love Hindu religion. Any energy you give out in this world will boomerang back to you. If you didn't get it your lifetime, you will reincanate n face it ur next life

And this man wan run for president