₦airaland Forum

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Engineers and scientists will say 9

Lawyers will say 6. Why? Because we erroneously assume that below the blocks on top are other blocks even know we cannot see them. It could be rocks under those blocks. Who knows? A lawyer therefore will say none of the above based on evidence so presented, no assumptions.
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FriedPlantain:
But why the guy kon resemble Lalasticlala small like this na?

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Why would a real man choose lalasticlala as a moniker?

When you see a man named Jennifer let me know.

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Because there are no real friends in the political circle of Nigeria. Everyone is out to stuff his own pocket and will sing any tunes to keep the pockets bulging.

Only fo.ols would fall for such support. Do you remember the folks that threatened that Nigeria would cease to exist if Jonathan loses the 2015 election? Have you heard from them recently?

Saraki should know that he is on his own. All those sycophants that goaded him into usurping the Senate president's seat have run into holes and left him to bear the cross of his ambition.
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And the PDP wailers will come out blazing," Roma locuta, causa finita est" without putting the integrity of Alams into consideration.

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London the "leveler"

In Nigeria he walks like a king.

But in London, he is perambulating with Agege bread like a tout in Oshodi market.

The other Yoruba king that traveled to London with his multiple wives last year was busy taking pictures at the Queen's gate. Yeah. That's how much respect these obas get beyond the lagoon.
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MhizDeedy:
Her husband is handsome

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He is "beautiful"

And I am not necessarily insinuating anything.

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He no get relations?

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DAVIYJONESS:
The wedding night by tradition is suppose to be a special night for couples, the night they look forward to for months or years and finally they had to make the sweet love.

One of the excitement of marriage is sex, especially that wedding night sex, what will be the excitement if your wife is not a virgin? But just a normal lady who has had lots of sex and how will the sex be special to you guys when she is not new but second hand? And you are not the one that deflowered her?

Guys are you going to treat the night like every other regular night ?

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The excitement is not about sex.

It is like the euphoric feeling students get on graduation.

It is a relief from the heavy burden of wedding planning and execution that has been lifted from the couple's shoulders.

Sex is just an ingredient used to garnish that euphoria

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inevitableme:
He is Damn right!!!



https://mobile.twitter.com/benmurraybruce/status/644212006027812864

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Senility is really catching up with some people.

A bad contractor is fired from a job. And everyone is telling the new contractor to continue with the building even though
the foundation is weak. Come on, plaster that building and paint it. It will look beautiful.
Isn't that a recipe for disaster?

A driver travelling from Lagos to Benin missed the Shagamu exit. The occupants tell him "carry go! No need looking back"
Where do you think the bus will end?

A programmer writing a code finds out that his programme is not compiling. His team tells him/her, no need finding the
bug, just keep programming.

Guess who is talking. Ben Bruce. The main benefactor of GEJ's lootocracy. And average Nigerians are clapping.

I give up.


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cabaliciouscabal:
Do u call graduates of today literate? If u do, den u ar not pinching and or telling urself d truth.

Most of our universities now a days ar Glorified Secondary School, and dia products ar disaster to dia family and d nation at large.

A secondary school leaver of 1985s downwards will obviously floor a self proclaimed university graduate of today.

I honestly believe dat technology of today ought to increase d knowledge of dis generation, but reverse is d case, in our days no Google, GSM, DSTV to assist in knowledge building, all we had den were analog, if u dia seek for information u will av to visit d library to open volumes of Books.

We need divine intervention to bring us back on rail, I was Jst reading on Nairaland now dat out of 700 Best Universities in d world, no Nigeria university is among. What a shame.

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OP.
This proves your point.
Case closed.
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This is a case where FG needs to come in.

They should send a task force, grab the builder of this machine, lease a plot of land for him and "force" him into farming for the next 10years.

And any Engineering student(s) that follow[s] the same line of madness in this 2015 and beyond will be subjected to the same treatment, their projects supervising professors included.
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Education is nothing but a tool.

What one does with such tool is entirely up to the individual which is why education does not guarantee success.

There will always be poor people in the world both educated and illiterates. What I noticed is that a lot of Nigerians have moved from seeing education as a tool to seeing it as title. Instead of getting a degree in Engineering, some would rather have a Ph.D in Botany just to add the title "Dr" to their names for massaging their egos. And when passionate botanists gather, the Nigerian cannot find his "bearing". It is a common malaise.
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Main question: How far is the church or mosque from the residential building of the President?

From what I read, lazy OBJ had it very close so that he could easily get to church as if he would be living in Aso Rock forever. That's lack of foresight..

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stanodi:
While I agree with you on the issues of high cost of doing business in Nigeria and the Govt failing to provide the enabling environment for start-ups, but I don't agree on your assertion that people who start businesses in Nigeria fall in the two categories you mentioned. For a start the informal sector is the largest employers of labour in the country; they created 71% of all jobs created in the first quarter of 2015. (http://lightednation.com/2015/07/469070-jobs/). People are making it in business today despite the odds . I have friends who while in school started their businesses and have continued even after school and they are doing well.
I believe we should keep encouraging each other to seek these paths; its one of the ways to make Nigeria better.

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We are talking about the odds.
No one needs my opinion to start a business if he/she already has his/her mind on it.
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People usually get paranoid after signing up for life insurance. This is one of the reasons. Your spouse buys you a drink, you have him/ her taste it first. Dinner alone? Na. Two of you must eat together from the same plate.
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stanodi:
https://lightednation.com/wp-content/uploads/2015/09/Why-small-businesses-fail-in-Nigeria-720x340.jpg
Starting businesses is a dream of every entrepreneur. I and a business partner lost some few thousands shy of one million naira just over a year ago. We had undertaken a venture very optimistic of success. We had done the necessary calculations and we were dead-confident that our high-tech viewing centre at Iyana Ipaja would be a hit.
A year and half later; we were folding up. Months of planning and efforts had been wasted, monies had been blown down the drains, our landlord was already on our tails to either pay up as our rents had expired or uproot the structure we had constructed with the hope that it will stand for 10 years at least; we were in a fix. How did it all go wrong?
I will try to outline some of the reasons why I felt our business and other small businesses failed.

5 Reasons why businesses fail in Nigeria

1. Poor location; its been said over and over again; location is everything! We were swamped on every side by other viewing centres who had been in the business way before ours. Because of the way humans are wired, it’s not always easy for the customers to switch to a new brand, or product. Despite the projectors and other unique value propositions we were offering, we were still not making enough to run the business monthly. Its always good to go to a location where you can have the first mover advantage, we didn’t; we had to compete with businesses that had grown there over time and which people are now used to. I highly recommend the blue ocean strategy for small businesses about to start up. This book talks about the simultaneous pursuit of differentiation and low cost to open up a new market space and create new demand for businesses.

2. Misalignment with your customers; its imperative to define your customers and to align with them. This means seeing what they see, feeling what they feel, hearing what they hear, smelling what they smell; you need to do unto them as they would want to be done to. But we did the opposite; we did unto them as we would want to be done to. We were educated, we were technologically savvy, so we tried to revamp the way people watch matches in that neighbourhood. We provided them with technology at a little premium, when all they wanted was cheaper options. And we failed! Businesses that fail to align with their customer’s needs will eventually produce products and services that no one wants.


3. No staying power; its common knowledge that you may not make much money in the first few years in business; but you need to break even nonetheless. That means making enough money to cover your running costs for the period of time. We didn’t! Some businesses fold when they don’t make profit in the first few years. Just like we did.

4. Inappropriate business planning and execution. Some people get a fantastic idea and they rush off into production without any planning whatsoever. Without understanding their landscape. Without knowing if someone in their chosen market already is into similar business. There just seems to be lots of gap. Small businesses need to have a solid business plan. A good business plan not only helps when trying to secure finances for the business but it also aids in understanding different areas of the business and answering lots of question that that the business would need answers to later on. We at lightednation.com, can help you package a great business plan for your business. However execution is everything, you may have the best ideas, but when if you fail at execution, the idea amounts to nothing

5. Managerial inefficiencies; to run businesses successfully, the owners need to be actively involved. We were’nt, I and my partner were working 9 to 5 jobs. We rarely had time to monitor the proceeding albeit over the phone. What you don’t monitor efficiently you lose track of. We did.

There a lot of other reasons that I have not called out here. Please share and comment to help others get lighted!.

http://lightednation.com/2015/09/why-small-businesses-fail-in-nigeria/

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Everything you mentioned is secondary.

High cost of doing business is the problem. From registration, bribery, poor infrastructure, levies, taxation to extortion.The government fails to provide enabling environment for business to thrive. Financial conflict resolution is almost nonexistent legally. Two sets of people start businesses in Nigeria: 1). people who have no other options .2) Degenerate gamblers who have play money to risk.

Chance of survival long term is slim.
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Isn't this good reason for our ibo brothers to stop insulting President Buhari and focus their sights on the corrupt jonathan and his cronies?
Is this not a good reason to let the false agitation of a fraud and hoax called Biafra to die?
Is this not a good reason to see that biafra will turn out to be the greatest disaster a civilization ever produced because the same IBO LEADERS who were trying to milk nigeria with the 2nd niger bridge are the same people the "over zealous" youths shouting biafra will turn to for salvation?

What is really wrong with the wailing wailers and biafraudsters? are you guys so blind to see we have moved on more than a decade ago?

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Igbo people are too emotional. They can't seem to differentiate between political interests and blind loyalty. Even SS folks have moved on to strategize on how to play a part in the new government. It is only people of SE extraction that are defending GEJ who did nothing for them and in the process will end up alienating themselves from the center. The Yoruba, NDs and Hausa people are already positioning themselves. Anytime the name GEJ comes up, expect one Igbo id.iot to take it personal as if GEJ really cared about the Igbo people. No 2nd Niger bridge. Enugu-Osha expressway is in shambles.

Why Igbo people will not let Niger Deltans fight for their brother GEJ (who was a colossal failure) baffles me. GEJ did nothing for Igbo people to stick their heads out so much for him. Check out the wailers. They are mostly Igbo people. Why!?
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I am quiet elated that some of you are able to decipher the flowery language of Tonyebarcanista for the balderdash that it is. The dude is as ignorant as they come. Isn't he the one that said that JP Morgan is an index?
I stopped paying attention to him a long time ago.
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Kudos to.TB Joshua.

My position is that any id.iot that gives money to another being to book a room for him/her in heaven deserves what he/she gets.

Are pastors traveling agents of God?

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TonyeBarcanista:
It is no news that since May 29, Nigeria has been delving from a very bad situation to a near comatose situation. Our economy did not only suffer but appears to be as the biggest victim of Buhari's mal-administration and ineffectiveness. Three sectors that I shall talk about in this article are the Economy, Security and the Petroleum sectors. Let's proceed...

STATE OF THE ECONOMY UNDER BUHARI
During the electioneering period, President Buhari promised a 'gigantic' but illogical economic prosperity when/if elected. Immediately he was elected and sworn-in, everything changed for the negative. Job losses everywhere and uncertainty/negative slide is the order of the day. Let's see JP Morgan issue

JP MORGAN:
To those that don't understand, JP Morgan is simply an index.

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JP Morgan is an index!!!

I haven't laughed so hard in a long time.

I stopped reading here because you are ignorant.

You can pull the wool off the vast majority of Nigerians, but Jesus Christ...really?! Did you write that?

Take care. At least you tried. But do.more research to understand what the subject you delved into is all about.

The most important gauge of PMB vs GEJ's government is how the people on ground feel about the effects of their respective policies. Long articles and fictitious statistics are personal entertainment for writers. We learned this from Okonjo Iweala who was known to wake up one day and declare that Nigeria is an economic el dorado only to wake up the next day preaching austerity measures. In all, she used long articles and statistics to justify her inferences. Who is fooling who?

Just for clarification, did you say JP Morgan is an index? ROTFLMAO.
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Squig:
Did you have doubts about your spouse before your wedding?

Did you meet someone amazing and you wanted him but decided to go ahead and marry your spouse?

How do you feel about the marriage now? Do you feel you did the right thing?

I'm in my mid 20s and I'm getting married next month, we've been together for almost 5years. He is the love of my life and I've never doubted my love for him or the fact that I wanted a family with him. He's got everything I want in a man.

The problem is we started having issues about 6 months ago, we stopped talking like before and we are completely disconnected now especially on my end but we're still going ahead with the marriage plan and I still want to marry him.

I met another guy I am really attracted to and we've been talking about a lot. He knows I am having issues with my man and I can't tell him we are planning to get married.

I'm having doubts about my man now, I'm confused, I feel I'll be happier with this new guy, I'm thinking it's lust but it's getting more complicated. Should I go on with the wedding?

Feel free to talk sense into my head, I need to hear hard truths.

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New guy? Yes!

The beginning of a relationship is always the best.

You have strong feelings for the new guy. Does he have the same level of feelings for you?

Or is he just out for fun? People like that are masters of their 'game'

And they say, the grass always seems greener from the other side. Cave ne sedes.

Reality may end up kicking you in the rear end.

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naijaking1:
Another economic quack, displaying complete ignorance of World economy!

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As expected, textbook economists will attack. What a lucky bait!

USA is the king! In 2008, when textbooks failed the global economy, they threw away the books and
had to resort to Quantitative Easing to put the economy right back on track. One economist will write a textbook on that
crisis and your kind will read it. But never would you come out with any preemptive solution to crisis. No. Not when it is easier
to panhandle to the Western world.

God forbid id.iots like you think outside the box. I challenge you to go back and reread your textbooks
and come back here to vomit more of the economic mumbo jumbo
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Nigerians are really stupid.
Why would this bond issue be a problem? Why will Nigeria continue to swallow the bitter pills of the economic policies of the West? We tried SAP and currency devaluation and it didn't work. Has it not occurred to folks that the only thing developed countries sell is debt. Can one tell me the list of mineral resources in UK.

In Nigeria, when we want a car, we work hard, save money and buy it. But so-called developed nations do not operate like that. They want to.sell.debts. They call it mortgage, car or unsecured loans. You borrow $100 to pay back $120. And in the system, they leave out one important aspect--cash. Cash is king! Not being able to sell debt is good and bad. As a matter of fact, Nigeria should try and stay away from the debt market. USA is very deep in debt. But that is money they owe to themselves. Most of the USA debt is to the Fed Reserves. When Zenith bank owes Zenith bank, it is not as bad as XYZ company owing Zenith because Zenith can write off its debt and rebalance their book. But it will hunt down XYZ for unserviced debt.
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Now watch some people that read some textbooks centered on the economic policies formulation of the West to come and vomit their defense of the bond market which they verily and practically do not understand.

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You are buying from real estate developers but the financing is through a bank. So you will have documents of allocation while the bank retains lien on the property which they will release once you finish your obligations/payments. Right?
My confusion is: At what point in the transaction will you be making payments to the real estate developers? It doesn't make any sense unless they have in-house financing company which the buyers is not obliged to patronize.
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I thought they said no more police escort for private citizens. What are those MOPOLs doing there?
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They should have started with a total make-over--clean cut and wardrobe change.

The human spirit feeds off of the eyes.
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dominique:
So now that they're skilled with intelligence and how to handle sophisticated weapons, what are they supposed to do with this knowledge? Hope they don't go robbing banks o.

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Missing the big picture? If they like, let them go rob the CBN.

Employment is no longer on merit but nepotism.

This system must be cleansed and it has to start somewhere.

Psychologically, people are skeptical to changes but the only thing constant is change.
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LastSurvivor:
Believe it or not, this buhari of a man only thinks after action, he doesn't blv in consultations bfor actions..
He's simply confused..

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On the contrary, I like what PMB did. It is called a warning shot.

It drives the message that it is not going to be business as usual.

The two months ban showed them how they could be affected if they are caught engaging in economic sabotage.

Now they know that all eyes are on them unlike before when they operated with impunity.

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INTROVERT:
Congratulations dude... why did it take you so long?

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And this is why Nigeria will not get anywhere.

You are congratulating him for what again?

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SeverusSnape:
Buhari's own is worse, just look, Only four months in power and tens of thousands of Jobs have been lost.

I'm not happy about it, because I have friends who are Bankers.

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Any entity that is not a government-licensed contractor but whose revenue is fully dependent on government's patronage does not fit to exist.

So Nigeria banks have no business model outside of handling government allocations?

Banks should go back to banking and financing--the core principles of the industry.
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SangoCrusader:
Ok, here is a scenario.

An investor with $$$ invested in Nigeria when it was N265:£1. Due to significant economic uncertainty, the said investor is so uncomfortable with the situation that he has to convert back at today's rate which is N361:£1 to get his money out, cutting his losses in the process. So someone to chooses to lose ~40% in FX losses, he must have absolutely no hope in a recovery. Therefore, these are not "economic hitmen", these are disillusioned investors who see ABSOLUTELY not hope in a recovery.

Secondly, can you name ONE asset in Nigeria that can be easily monetized AND converted easily back into dollars

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I will name two--Bonds and stocks. They are intangible assets and are highly liquid.

The investors you are hearing about are not interested in building bridges. They want quick return on investments by a push of buttons.

Still amazed? Dangote has many factories. How many factories does facebook have? Yet facebook is valued more than Dangote.
It is all about valuations. That is where the money is. And that is why an investment banker goes home with about $2million
commission in one year while an Engineer will be happy to see $120k in a year. Money is hidden in a place where most people
are not looking for it.

Someone most likely looked at the fundamentals, shorted the NSE Index and made a truckload of money

It is all game.
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PassingShot:
Yes, Nigeria will be delisted from Bond Index of JP Morgan. However, it amounts to crass ignorance for any sane analyst to want to blame the government of the day. JP Morgan started the process of reviewing Nigeria’s continued participation in its bond index in January of this year given the fact that we had depleted our FR to an abysmal level while our currency continued to lose values.

For Nigeria to continue to participate in the BI, the conditions given by JP Morgan are very detrimental to our economy. Nigeria will have to devalue the Naira and possibly will exchange for about N350 to a dollar. This will drive up inflation which means cost of imports and even local goods will go up. Cost of doing business will shoot up and productivity will expectedly drop which will eventually lead to massive retrenchment by the companies.

So, should Nigeria have chosen to remain or accepted to be delisted? I wait for your answer.

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I stand to be corrected.

Let the wailers name one country outside the G7 countries that has benefited long-term from the Bond market.

Bond is a camouflaged bondage

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.[1] Interest is usually payable at fixed intervals (semiannual, annual, sometimes monthly). Very often the bond is negotiable, i.e. the ownership of the instrument can be transferred in the secondary market. This means that once the transfer agents at the bank medallion stamp the bond, it is highly liquid on the second market.[2]


Some people talked about investors pulling out N311bn from the Nigerian economy. How? Because the investors in Nigeria are mostly in areas they can bump and dump, not in infrastructures or capital development. They are invested in assets that can easily be monetized, call it paper money if you want--economic hitmen, they are. They are not investors but vultures looking for countries to devour.

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