₦airaland Forum

The panacea for this problem, is any one staying abroad is whilst ur kids are growing up once in a while have them come see Nigeria. Let them enjoy when they come back to Nigeria. Do not start telling them Nigeria is a shit hole else them no go wan enter. To me it's an investment.

ojesymsym:
This is easier said than done.
Many parents in diaspora get to realize in old age. It is difficult enough to get your kids born in Lagos to know their home town not to talk of those who grew up in such development, it is really hard for many of them to see Nigeria as home, so when the old man decides to return, he finds that he returns alone.
It is a big challenge.

Guys the rate of Naira devaluation is alarming. It seems dollars, pounds and euro wants to sink the naira so fast.

Rule number one, invest in what you know and understand end to end. If it is too juicy it certainly has some traps.

OgogoroFreak:
I wonder too o.

Why would any reasonable person put their money in trash like that and call it "investment"? Now see what some of them are going through.

I dey igadun you pass sugar. Please don't off ur mic ,
Hopefully someone will not faint.

emmanuelewumi:
We invest in the real sector by

1. Starting a business
2. Investing in debts of players in the real sector
3. Becoming a part owner, through equity investment..


Most people talking about investing in the real sector only know about number 1

An investor who invested N1 million in Okomu Oil a company in the Agricultural sector about 15 years ago, has his Investments grown to over N36 million and received dividends of N10 million in the last 5 years. Can we say that person is not investing in the real sector.


Some Investors have realized that there is no point reinventing the wheels

Great inputs and suggestions. However, one rule I always emphasize is invest in what you know to be honest I no sabi the gold market.

Hence if I put my money I fit loose. So na him make me dey put my money for sukuk. Jejely. Call me a lazy investor


Lastly i belive in d principle of do it urself., I do not believe in giving some one my hard earn money to invest for me mba nu. I don learn my lesson.

LandMann:
Sukuk is a bad deal.

For example, if you buy gold now and keep with the money, you will earn more than you will earn from sukuk by the time sukuk of now matures.

That's the only certain investment I know won't backfire.

Others involve you doing your due diligence and starting or investing in a business that would pay you above 14% which is the official inflation rate... or above 20% which is the closer to the unofficial inflation rate.

Alternatively, you can look for excellent financial advisors to advise you if you have a significant amount. The fee you will pay them, provided their advise is solid, is certainly going to be a fraction of what you stand to lose in sukuk.

What would you rather have investors do than invest in sukuk or just allow thier money sit ideal in the bank.

Me thinks investing in the sukuk was a fair deal

.

LandMann:
Investors ought to be rational but I guess being rational is mostly subjective in this part of the world.

Information asymmetry exist so much in our economy that makes making rational decisions difficult. Thus, supposed rational decisions turn to irrational decisions if examined under the microscope of economics. This is worse in the financial sector where most investors just rush at financial instruments offering interest rates that can't even cover for inflation...

Look at sukuk for instance... 11.2% interest rate while official inflation rate is (14%)... unofficial inflation is over 20%.

Would you say that investing in Sukuk is rational given these parameters?

The real sector as represented by the stock market is the another good alternative right now because it also represents individuals pulling resources together to invest in the real sector.

A downside to them is you have to do your due diligence to avoid putting your money into a sinking company.

Salary Earners Quitting Their Job?

I certainly can't suggest that they quit their job... But putting their hard earned salary in interest bearing investments that pay less than 14% is bad investment because they are losing in the real sense.

U wan compare those guys with person wey get 50000 cows

arduino:
Abraham Lincoln
Goerge Washington
Theodore Roosevelt
Jimmy Carter
Bill Clinton too little farming background

Who if I may ask and beyond that what was thier level of education.

arduino:
Some of the best presidents of America were farmers sha.....

I dey gbadun your delivery.

emmanuelewumi:
There will be serious mistakes when you handle funds that is 50 times or more of your capital.

An agric business that is worth N10 million, handling funds of over N500 million. Even the equity/debt ratio of banks are not as highly geared like this

Reason why CBN, SEC and NSE have stringent conditions for cash deposits taking Businesses.

A bank with a shareholders fund of N100 billion can be handling cash deposits of N1 Trillion

Exactly !!!

emmanuelewumi:
They are interested in the viability of the business, your collateral is also important. It shows your confidence about the business.

You put your money where your mouth is

[No emotions or sentiments in business

CsRockefeller:
Hahahaha, not fair o.

Well said .

emmanuelewumi:
As a person, I am against the so called " organise ourselves"..


Sell your phone, gadget car etc and get the seed capital. Get a job no matter how small and save in order to get the seed capital for that business.

Sell your family land in the village to get your seed capital. Use your brothers car as a collateral to get a loan for the expansion of your business.

Better still small operators should combine resources together in order to derive the economies of scale.

How can 100 entrepreneurs have individual Businesses worth N5 million each? Why can't they combine resources to have a N500 million business and they become shareholders of the business?


Portfolio investors will prefer to own 1% of a N1 billion business, than owning 100% of a N10 million business

[/b]Awesome and excellent comments you have said it all. [b]

author=emmanuelewumi post=92088587]Enterpreneurs should learn to crawl before standing, then walk, later jump and then run.

Trust is a big issue

Start small and grow. Create value and build your character. If your sibblings, cousins, parents, spouse, friends, colleagues, neighbours, old school mates, church and mosque members can't invest in your dream. It means you have not been able to create value, you not resourceful or you lacked integrity.[/quote]

Bros no be only you oh. On this faceless forum them plenty.


That was why i am saying the youths of today no sabi werin dey.

Them want the crown not the Cross ,

emmanuelewumi:
Rather some people will want a total stranger met on the Treasury Bill thread of Nairaland to come and invest in their start up or current businesses .I have had and still having series of such invitations.

Yeah u are right , the whole idea is put their money if u believe it would succeed thats why banks demand huge collateral them no be NGO.

I will do the same on my 500k too, if i am to leaned my money.

emmanuelewumi:
Erastus Akingbola, Fola Adeola, Tayo Aderinokun, Jim Ovia, Peterside Atedo and others sold their cars, their wives jewelries, houses etc when they wanted to start their Businesses.

Well said, I guess government should double up to create the environment for investments. Government is not good at investing that why u see the looting.

The only way government can create the environment for competition and increased investments is that when u av some one at the helm of government who knows about economic investments etc. Not a cattle rearer.

DexterousOne:
Here is what I think
1) The rice ban was sudden, cos there was no lag between intent and implementation of policy

2)If you guys knew that you were gonna ban okada, why collect money from them (GoKada and co.) For regulation and licensing in the first place
I heard even Mc Oluomo (a no good riff raff) was even negotiating how much his body will collect from these companies via ticketing or so....
We do things in a very fo.olish manner in this country

That abrupt ban was a slap in the face
I ALSO HEARD THEY WERE GOING AFTER UBER OPERATORS


Until we can have a semblance of stability and normalcy in our investment space across different sectors, investing in Nigeria is akin to embarking on a journey into the wild west

Abi oooo. Coz he knows that something would go wrong down the line.

emmanuelewumi:
Imagine a young guy needed 500k for a start up, the person he met said he would give him a loan of 500k @ 20% per annum, but must submit a collateral security that is worth N1 million and above.

The guy though he was smart, he dropped the keys and documents of his car with the lender, until the lender invited him to sign a memorandum of understanding with his lawyer, which will be stamped at the nearest high court.

Can you imagine, the start up enterpreneur said he doesn't want a loan again..


Why did he pull out if he was very sure of the business success?

I saw the bond too. But hmmm I dey fear. Coz the govt oyo don get too much debt already.

Adegokenath:
Pls house any idea about oyo state government bond

Check YouTube.

Phraences:
Please, who has the audio version of the 48 powers book? I like listening better.

Sounds good. But the will power to see changes belongs to these youths. I had no one to help me whilst growing up . I lost my mum way back whilst at a young age again, after my nysc I lost my father no one came to my rescue Nigeria was not any better at that time. I just kept telling myself thier is light at the end of the tunnel. I had options to complain and says government is this, but since I crave for success and survival I kept on keeping on.

Their is a shift of energy of the current youths now. Some youth want fast money, some belive that once them land US or UK boom they are made. But they have forgotten that the race to success is not a 100meters dash it is to some a marathon.

I am ready to support any youth who has the attributes of patience and financial discipline as well as integelliece. So that the fruits of investment would yield great returns .Any youth with good business idea i am ready to support.

As for insults I do not take anyone who would insult me lightly, respect is reciprocal.

SirBen90:
I think the gross majority of people on this thread are highly intelligent, though some throw too many insults, which is immature and should be stopped.

I like the fact that we have capable persons here who genuinely want the progress of Nigeria and her youths, as opposed to heaping insults on them day and night.

It is therefore right that we should collectively assist the youth in any way we can, after we have criticised their untowardness.

Have you taken in a lost youth as your ward?

Have U helped a jobless graduate secure a good job?

Have you taken a youth as an apprentice to learn a skill?

Have you told a youth not to be too eager to get rich quickly?

Have you taught a youth about the dangers of cultism and prostitution?

I think we should adopt a "hands on approach" in creating the "Nigeria of our dreams".

Some say that, the true mark of a billionaire, is his ability to create other millionaires. The same should go for a successful person. As a successful person or an office holder, or an experienced businessman, or a politician, how many persons have you helped to start their own journey to success? how many have you assisted with seed capital to start their own business? how many have you wiped the the tears from their face?

In 20years from now, how many people can beat their chest and say "if not for this man suffer for don kill me". How many will attribute their success to your handiwork? Or do you want a situation whereby 20 years form now, we will still be complaining about the decadence of the Nigerian society?

Good Evening.

lol

Satoshi2019:
Soon this thread will be renamed LIFE THREAD or rather INSIDE LIFE THREAD. Welldone everyone

Bro even with all the opportunities in canada some Nigerians are into Yahoo yahoo, so many of them are in jail. Some are doing healthcare work minimum wage, i respect that hustle better than doing 419. But for how long till them become 60years when arthritis and cold don blast their brain.

The choice to migrate is for an individual to make. The consequences or the benefits thereof is yours. There is no family here all man for himself. Their is no brother i beg borrow me 200 dollars i go give u month end, nahhhh. Some come and become successful, some have sad stories to tell.

The choice is yours but like i said if you can not swim in a small pool, bros even with life-jack for Ocean person fit drown.

Then again u are in a society that is full of racism and racial slurs made against you knowingly or unknowingly .

I like dexterousOne spacing, e be like say him just finish MBA for oxford university.

XiaoLi:
Nigerian Youths are not lazy, the issue is that there are less opportunties, I can tell you that if there are opportunities in Nigeria the youths will do wonders, have you seen a manufacturing company in Lagos employing casual workers with peanut salary and how the place will be over crowded to the extent that some will not mind sleeping by the road side just to be the first in the que the next day to get the job?...

Thank u, minus 45 i don experience 3 times. inside cold. Guy my head wan blow. FROST BITE wan scatter my hand. hmmm.

NL1960:
Different stokes for different folks. I hate abroad to nonsense. I once went for a training in New Zealand. After the training, the company wanted to retain me so that i stay back. I just laff tell them say their way of life no suit me. The same thing when i went to London. The kin cold wen waya me for there, i never knew cold fit catch person like that.

I leaved in Nigeria for 40years, and u say i do not understand. Sure i do not. My people say if them pound yam on top small leaf people wey go chop belly full go till chop belly. I rest my case, i got interesting things to do.

ukay2:
The guy doesn't understand what people are passing through here in Nigeria.

It easy to say theories than practical

Thanks my brother. Even if it was free money. People like him would complain, curse everyone for his failure and tell u 1001 reason his not successful that's the mind of an average lazy young Nigerian men. No wonder the Togolese and Beninese are becoming experts in tilling and carpentry whilst the Nigerian young chap is waiting for manna from government.

Manwarrior55:
Lol he said the opportunity was for smart youths stop overestimating him

Also in canada u think Government throws money at you like a dummy right or the banks here are NGO . i shake my head for ur thought process. When u finally have that visa in ur hand, after 3 years ur brain go reset ur to default mode. I beg follow road come u hear.

CsRockefeller:
He thinks we all wake up here and the first thing we do is to take ogogoro and play draft from morning till night.

When Govt decided to take their funds off the banks to d TSA what happened? Didn't the Banks lay off staff?

It's very easy for Govt to kill any private sector, just one policy and that's it.

Or perhaps, he wants us to build space shuttles like Elon Musk and co. Too many people and talk, when it's time to act they can't do shit.

I was not in conversion with u, u only jump into my conversion with someone else rather for u to ask and inquire u just started commenting on something that u do not have full understanding of. I was giving the person i was having the conservation with, ideas trying to open up his thought process. Before i left Nigeria for Canada men i was not doing badly, a couple of properties here and their( which i till maintain) . Yet country hard. If you do not change the attitude even though u enter canada or heaven people would till complain. All i was saying to the young man is look around build up urself financially, u can not survive in a big ocean if you do not know how to swim in a pool. Waiting for Governments (Nigeria or canada or US ) to make head way in life is like waiting to win lottery. I would make no further comment to ur statements going forward.

Grupo:
I never said the streets of obodo oyibo are lined with gold. Also, I have never said I wanted to travel abroad.

You were the one that claimed the streets of Nigeria have numerous opportunities, including agro opportunities from the CBN. So, I'm rightly asking you to come back and enjoy those opportunities.

Let's not mix things up.

Won't say anything else on this.

By all means come over please, you did not read my earlier post, Their is not wrong in joining the bandwagon of people who wants to come abroad but all that glitters is not Gold. Please by all means come, u can come thru the road or ocean or air. I see say u no get sense. ur brain dey lick so going forward i will ignore ur stupidity and insolence. Hopefully, u make is thru road and the ocean to ITALY or SPAIN and then alas u start picking money on the road odeeeeee.

LegitBitcoinBuy:
You think it’s okay for you to go abroad where your talent count but it’s wrong for others to do it.

If you had the solution to Nigerian problems why didn’t you stay back to fix it. Una go just open una dirty mouth they yarn shit

Come over to obodo oyinbo. The streets are painted in gold and money grow on trees too. With ur vague imagination.

Grupo:
No need for the insults.

Enter plane tomorrow and come back. At least, you can enjoy the opportunities that the CBN is providing.

This is one of the usual dumbest statements made senselessly by somebody who has not being to the airport not to talk of entering a plane or even pay taxes. Pherharps does not understand my statements as you are reasoning thru ur anus. Yeye dey smell. Punk

Grupo:
Why not come back from Canada and take on these opportunities in agriculture?

Lol hahahahahaha u no go kill me with laugh.

oluwaleokey:
Nna eh
I taya oo
Anyways, i admire the high command of English language some peeps exhibit here... it kinda encourage us but the papa of dem all is not the english but the info/ideas shared untop the grammar...
I go like improve on my writing skills too...any hint will be highly appreciated. (Don't come ask me my background; primary sch, secondary or uni attended, if you must know na Harvard )

Oga this ur grammar no go pay my bills for canny where dey. Maybe if u soften the grammar e fit. Yeye dey smell

maishai:
If I may voice my opinion on this........ I believe the Black race is the least open to SOCIAL ENGINEERING and to some extent Its a big Advantage as the only tool of control of the black mass is PURE force or Disinformation...........While we all give solutions to Nigerias problem,The assumption is usually that You are the leader dishing out instructions............ I beg to ask,how good are you at taking Instructions especially for the common Good even if it is at your own disadvantage.......

Those that have ran businesses have had a glimpse of what I am saying................The average black soul is programmed to stay alive for another day and seriously that can never build a society