₦airaland Forum

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They thought it ends with shouting dodorima up and down.

Good for them.

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Chekitaut:
Those wey stories enter are with friend & relative relationship. BHN, Chisco, GPC, TSL, Dangote, BUA, GIG, The Young, to mention few haulage & Logistics company in Nigeria, their fleet are brand new truck & cars every year in & out.

Many of the trucks branded in their name don't belong to them they are own by individual, there is no family or friends relationship in it, it will always succeed.

Presently, we shout Cement is high, but Dangote & other manufacturers said they did not increase costt of Cement, marketers actually did reason is logistics cost of truck repairs &. Maintenance is high they can not bear it any longer. Truck of ₦24m giving to distributors by Dangote to pay installment is now ₦35m, truck registration ₦70k now 95k, tyres of ₦65k now 90k. Truckers adjusted immediately things change,

Logistics is 1st consider in pricing of goods & services, Property such as real Estate in Nigeria change over years not with immediate situation, investing take over 10years or more before you recoup investment. I consider it a retirement investment.

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We are saying the same thing but in a different way. Just a little prodding and logistic problems which you never mentioned in your previous post surfaced. I bet you more challenges will prop up if pushed more. Those are the "stories" I talked about that will enter after an investor buys a truck and s/he will be left holding an empty bag. It gets worse if the investor is in diaspora and waiting for remittance. Many people have been through this hell before.

Anyone who wants to commit money in Nigeria should be willing to relocate full time to dig it out. Otherwise, you will be feeding others with nothing to show on your side. Business owners in Nigeria are wrestling with all manners of principalities to stay afloat, na person wey dey abroad go just sit down and owo dey enter. It ain't easy like that.

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Just like Covid-19 pandemic has shown, it is those balling hard that have nothing to fall back on in time of emergency. They are ok as long as no major life changing event occurs. He may be stingy to some but he ain't starving. He has a lifestyle that most people could dream off. Guess who are judging him now. Peasants.

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Chekitaut:
Repatriating
I will speak from my business(Trucking) point of view. Not all businesses fail in this accept.
Take for example you invest:
Brand new truck @$54,800(including clearing)
Monthly return after running cost is ₦1.4m equivalent is $2,979
In 1year $2,979x12months= $35,748
In 2years $35,748x24months= $71,496
Therefore in 2years you repatriate $16,696, whiie you have actually recoup your investment another 1year you repatriate $35,748.
Making a total of $52,444 in 3years

For used Truck
@$31,255(including clearing)
Monthly return after running cost is ₦1.2m equivalent is $2,553
In 1year $2,553x12months= $30,638
In 2years $30,638x24months= $61,276
Therefore in 2years you will repatriate $30,021

NB. Breakdown was done with ₦470 to $1

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There are bound to be exceptions. That’s why I said “most people”. Your calculations are enticing...until an investor buys a truck. Then stories go enter am.

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PDP Chairmanship reception in Anambra State and no big party stalwart from State and National level there? Did Gov. Peter Obi show up for the reception? Just curious. Worse still, he is using all these mushroom, amateur, self-acclaimed PR outlets to launder his image. I hope he has started counting his losses. This is not Nollywood movie. The other contestants just stepped back to watch his "magic" before they unleash their venom on him. 90% of the hangers-on are only seeing him as a temporary meal ticket. However, there is nothing wrong in a man entertaining himself. I believe that he is just having fun and not really serious about the gubernatorial thing especially the way he is going about it. By the time he transverses the whole 21 LGAs in Anambra state and feeding the hungry crowds, he will understand what he got involved in. Currently he seems to be the only thing happening in PDP and they will expect him to foot all bills.

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diordaves:
If we, Nigerians don't invest first in the country, it is foolhardy to expect foreign investors to troop in droves. Nigeria is a big market but not economically bouyant. The average personal income (purchasing power) is low.

When it comes to the internal investment climate with regards to uncertainty, there's only one 'thing' that is holding the nation down: EXCHANGE RATE POLICY.

Not kidnappers, not corrupt politicians, not bad roads, not adequate power supply, not lack of fiber optic ( broadband). These are the symptoms of lack of internal investment. The cause of our ailment is the poor and incompetent management of the Naira rate against international currencies - the Naira rate to the Dollar. This started from the Structural Adjustment Program (SAP).

I will give you a very practical and familiar example - myself. I'm in the Diaspora investing in Nigeria so I am a foreign investor. Abi no be so.

Now (For example) I have a property with long term tenants effort ives me N5 mil per annum in rent. During President Goodluck Jonathan's regime, the average Naira exchange rate to the GBP was stable at N300. Then, I repatriate £16,000 per annum back to Britain from rental income.

As I type, the Naira to Pound rate is 600. So now I repatriate £8,000 from the same investment. That's about half of my income gone into thin air for no practical or business management reasons. Just government incompetence that I have no control over. Absolutely nothing I can do other than to increase rent. If I do this, the tenants (traders) will transfer the increase into the price of their products and poverty is let loose over the country. This is the situation we are in since SAP.

Now you can see if I were a property foreign investor like for example airline company (Virgin Nigeria), Dunlop, Bata, A.G Leventis, Layland, Volkswagen, Peugeot etc that are mandated to repatriate funds home for their shareholders overseas, what do you think they will do? With a dwindling income not from lack of trading but from the inability of the government to stabilize the exchange rate, they will do what they did - close shop and unleash unemployment. This is what is happening in Nigeria. The foreign exchange regime or lack of foreign exchange regime is killing Nigeria slowly but surely.

Any administration that can stabilize the exchange rate for two terms, Nigeria will be better. Nigeria's biggest problem is not corruption, but lack good governance and competent institutional managers of the polity (economy).

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In terms of investments, always bet against Nigeria and it is a sure win. Most people from diaspora that ventured into business in Nigeria lost big time. It is not worth the effort and time if your goal is to repatriate profits back to your country of residence. How can anyone remain sane in such chaos? If you have any sentimental attachment to Nigeria, save some cash and go in there to enjoy yourself and leave.

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blesskewe:
happy Sunday everyone
we all have that favorite pastor we listen to that his messages encourages our soul

I don't attend house on the rock but mhen I love his teachings
pastor Paul adefarasin
pastor Stephen furtick
who's yours?

don't get me wrong
I know God is the main
inspiration..........

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Deriving inspiration from criminals is an insult to God.

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He has to scale the Primary first in PDP.

Then he will face the financial war machine of opposition parties. No single individual can singlehandedly finance an election in Anambra state. While he was tucked away in Las Vegas, there were midnight horse trading and grassroot mobilizations by seasoned politicians in Nigeria. He is not the first and will not be the last to have such tall gubernatorial ambition. The fact remains that frontline politicians at home see him as an outsider. They have more financial muscle and when they don’t, they know how to form inglorious alliance. APGA (State govt) and APC (Federal might) are the main contending parties.

But then, whoever shows up with largesse will be entertained by hired crowd. It is an open season for political extortion by the kings, masses and other politicians. I remember when he was pushing Bianca for senate, they bragged that more than 15 billionaires in Anambra had her back until the Primaries shut every sycophant up. As if that’s not enough, they have finally goaded him into running under a weak party in the state. He “may” still run back empty handed.

Philanthropy mixed with politics is suspicious. Many of them started out that way to create awareness. The world is a global village. There is milk and honey in the government house and no foreign-styled gimmicks will make other politicians back down.

The way people talk about him and his billions (in naira by the way), one may mistakenly think that Dangote is his houseboy. Delusion, denial or mischief? Choose one. I wish him all the best.

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Not much time left for Obiano to complete this project. Just like Oba airport, this will be abandoned.

White elephant project.

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Who is the slowpoke? The one asking OR the slowpoke giving?

There is your answer!

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Kindly forward to those African slaves here on NL who were echoing the sentiments of Bill and Melinda Gates.

They know themselves. They love to worship anything White and hold their opinions as the absolute truth.

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lonelydora:
Let all Nigerians boycott Access Bank. Access bank is the most useless bank in Nigeria.


You people think we don't know why some of us have stayed with StanbicIBTC for more than 10 years now.

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How can you boycott a bank that has your money? They may refuse to let you withdraw your money whether physically or electronically. What can you do? Once you deposit your money in a bank, you live on the hope that they will be honourable to return the money on demand. What if they tell you that they have no cash available to give you and deactivate their customers' ATM cards and go offline?

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Don't rejoice yet.

Your first big argument with her will start with "After everything I did for you"

Statistically, people who dated very long before marriage usually end up in divorce. Your case may be different but...


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IkpuNnegiEwu44:
Exaggerating kee u there. Common Google would have helped Ur ignorance

Cure Ur ignorance here:

https://www.nairaland.com/3388533/meet-godwin-maduka-one-africas



Dr. Godwin Maduka is United States of America (USA) based medical practitioner. He is the MD/CEO Las Vegas Health Institute, USA.



Here are 18 clear things he did for his community.



DR. GODWIN MADUKA built:
1) Two churches, one each for the Anglicans and Catholics.
(2) Trinity Hospital and Maternity.
(3) Over 100 standard houses for widows and the poor in the area.
(4) Immaculate Conception International College 1 and 2 , with buses donated to them.
(5) A police station for security.
(6) A magistrate court.
(7) A standard market called (Afor Market), .
( Barracks for the Civil Defense staff,
(9) Two monasteries for churches.
(10) Community centre (Community Hall and his own Village Hall).
(11) A Post office.
(12) A state high court.
(13) Provided transformers to boost electricity in the community.
(14) Mighty edifices for primary and secondary schools.
(15) A palace for the monarch, civic centre,.
(16) Houses for clerics of Catholic and Anglican churches, among others.
(17) Five star hotel known as Lion of Africa resort.
(18) A 17 storey building a World class International standard Hospital / Health research institute (which will serve as the destination of all health matters in Africa, since it will be the biggest and the best of it kind in African soil).

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#17.
Please post the pictures and address of this 5-Star hotel in Nkerehi aka Umuchukwu.

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slawormiir:
damnnn niggarrrr
Isoright....
Me don tire to complain
For every morning I wake up i go dey accept whatever surprises Nigeria dey throw at me...let me see how long i can cope....if I nor fit cope again I find one Africa country go relax. .. probably Seychelles
Imagine you go buy a particular thing for maybe 50 naira then if you wake up the next day morning that same thing don turn to 80 naira...
Yesterday I say make i book God is good motor from Benin city to abuja make i go run some dope shit in abuja for money Matter...i shock when the price don turn from
7100 naira to 10500 naira...funny enough na even their low budget ass Toyota Hiace bus i be want manage...nor be the other expensive executive one

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You brag about electronic gadgets worth millions of naira but cannot afford N25k for flight to Abuja for “business”. Misplaced priority—trying to look good first instead of making money. Oh well. Like ostrich, like African.
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MrBanner:
Watch the video first mumu. His name is customised on it. You no get data, you dey hate on person wey fit use 100 milli buy car. Yeye

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Anyone can "fake" customize anything for N20k in Nigeria to pepper dem. His aim is achieved on folks like you.

Audio Wraith. Don't forget to "tap" into his "blessing"

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It is expected.

Ex-SARS operatives have come back to cause mayhem in revenge for loss in revenue.

It is uniformed men doing most of the robberies in Nigeria.

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Borrow pose.

All for the Gram

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If not that everything in Nigeria thrives on mediocrity, as a lawyer, Wike should know that the credibility of a witness is very important. Sentiment aside, with everything happening between IPOB and FG, for Wike to claim he is not familiar with the name Nnamdi Kanu shows that he is an amateur liar.

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I dey suspect something.

Make I no talk.

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Just like Dangote, Otedola, Bill Gates, Warren Buffet... Innoson shows up with no bling.

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The NSE has called attention to itself. Big corporations will use this opportunity to lock in profits. The little guys will jump in with the euphoria of bullish market near term because of FOMO (Fear of Missing Out) and get wiped out long-term. Don’t buy at the top of the market. Common sense.
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4 aboki dancers organized by Alex is grand reception?

Your team is making mockery of this man. He should know better.

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No pretense. You have to give it to the North. GEJ and OBJ wasted their tenures appeasing the same North yet lost out in the scheme of things. Who are the idiots?
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Nigeria should have passed this level a long time.
There is no clearer indication of third world country and chronic poverty than Keke.

No progressive nation is littered with Keke as a means of transportation.

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Imo State is cursed. Nothing much is happening in Owerri. Outside of Owerri is hell on earth.
Owerrinta to Owerri, Owerri to Okigwe...you will think you are going back to 18th Century. I wonder how Isiala-Mbano people will drive home for Xmas because axle-killers are waiting for them in that shit-pon-shithole state.

While they cry for Biafra, have they even questioned governors like Ikpeazu or Uzodinma (and his predecessors) why no internal state road is motorable in their states. Total eyesore!

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slawormiir:
Damnnn niggarrrr
Common black lexus es 350 of 3.5million naira na im you buy for a workaholic
If na the rx 350 na i for say you try...

Ogbeni...na 3.5m..why you dey argue with me..my guy collect am last week...

For all those quoting me to say shit...let me tell you all that nairaland is a faceless forum and as such na big boys and big girls dey here..the laptop am using is 1.2m
The two phone am using is almost 1m

You must be a real niggarr...i just tire for some nairaland members o...that car na from 3m to 3.5m

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Congratulations Mark Zuckerberg!

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Aerial view of Ife please so that we can compare and contrast.

The supposed grave site looks dilapidated and abandoned. Everything falling apart. So much for reverence.
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tartar9:
Say What

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Kindly forward to FFK and his basket of lunatics called supporters. If he is patriotic, he should be working on changing his home government instead of currying for attention from Biden/Kamala who are not aware of his existence.

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If #EndSARS protesters had beaten Alexreporter's hustler, some of you will still complain. These awards have become assault on common sense.

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Don't forget...

Angel Jonathan is some people's HERO.


Nigeria can never be good. The leaders are bad; the followers are worse.

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Africans love their oppressors especially if they are White... that’s why they gravitate towards Trump. Modern Slavery is a state of mind.
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