Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 9:58pm On Nov 20, 2018 |
mfm04622: How old are you when Obasanjo and Atiku were ruling? Where did Atiku amassed the money to buy loyalties of PDP members that OBJ has to beg Atiku to get the second term ticket? Atiku did not just select members of the economic team. He was the Head.
Abubakar was sworn in as Vice-President of Nigeria on 29 May 1999. He presided over the National Council on Privatization, overseeing the sale of hundreds of loss-making and poorly managed public enterprises[color=#990000][/color].
Above is from Atiku's Wikipedia page. They sold HUNDREDS of companies.
I am a full grown adult when Atiku was selling those assets. I know what I am saying. So I ask again. What did Nigeria gained from the selling of HUNDREDS of companies during OBJ/Atiku's time in office? Why should we trust them to sell remaining assets now? https://punchng.com/i-didnt-enrich-myself-in-govt-atiku-claims-he-assembled-obasanjos-economic-team/amp/ |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 7:55pm On Nov 20, 2018 |
mfm04622: OBJ handed over the economy to Atiku. Handed over. He was the head of the economic team, not OBJ! Atiku reminded us of that fact when he launched his policy paper. You still didn't answer the question. What did Nigeria as a whole or the common Nigeria gained from the deregulation Atiku carried out in the past? Obviously, you didn't read the link I sent. So this is turning into a pointless argument. I'll reply with this lastly. 1Atiku didn't head Obasanjo's economic team. He only picked members of the economic team (Its just like saying Osinbajo is running the economy for Buhari). BTW, Okonjo Iweala was the finance minister at the time and she was at her peak. 2. Deregulation had been strongly opposed by the NLC during Obasanjo's regime. So no significant thing was done except selling off non-functional refineries. Ironically, the NLC was headed by Adams Oshiomole, who is now the APC national chairman. |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 6:42pm On Nov 20, 2018 |
mfm04622: How did the deregulation Atiku did under OBJ fared? What exactly are we enjoying with the deregulation that we will trust him to do it again? This govt did not increase the tax rate. It has been same for a long time Atiku was not the president, OBJ was. OBJ wanted to deregulate the oil sector fully in 2003 but the NLC and the house stood up against him. Read this thread to understand more. https://www.nairaland.com/3112084/full-text-obasanjos-broadcast-deregulation |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 5:24pm On Nov 20, 2018 |
mfm04622: Govts need income to function! Taxes and income from crude oil are Nigeria's main sources of income. That is the relationship between the two. For oil, the price is not within the control of Nigeria. When oil price go low, Nigeria usually experience recession. In fact, not only Nigerian. The last low crude price sent ALL countries that depends on oil into recession! So reason all govts in Nigeria have been shouting they want to diversify the economy. What they mean is they want to reduce dependence on oil so the country won't go into recession when oil price fall. So one way of reducing dependence on oil is to increase tax collections. If tax collection is so high that oil revenue is less than tax collected, we won't care if oil price is high or low. Hope you understand now Before government will charge high taxes. There has to be increased money circulation (currently, there is no increase in money circulation). Which still boils down to crude oil (accounting for 95% of Nigeria's export revenue). Diversification is not a thing that can be achieved with just one administration. But we can start with deregulation, which is reduction of government power to create more competition and better management. This is what I believe Atiku wants to do. |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 10:00am On Nov 20, 2018 |
mfm04622: We are talking of stopping dependence on oil, which mean boosting tax collection and Atiku is talking of slashing tax rate. What will be the benefit to ordinary Nigerians with this slashing of tax rate? This will benefit the rich only. Atiku is deceiving you all with sweet nonsense! What's the correlation between dependence on crude oil and tax rates? |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 9:57am On Nov 20, 2018 |
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Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 9:56am On Nov 20, 2018 |
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Politics › Re: 27-Year-Old Omoyele Sowore Threatens Military At MKO Abiola's Burial (Throwback) by JimD(m): 10:28pm On Nov 19, 2018 |
He is passionate though. He can do something, especially economically and creating renewable energy. Which are the two prominent pressing needs Nigeria has right now. But only if he can get there. Which is obviously not possible yet.
Until we get a break from all these old politicians, things are going to be same-old. And its going to take some measure of force. |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 10:33am On Nov 19, 2018 |
IrokoOluwere: What stupid GEJ regime?  A ton of people here have been mentioning last year and two years ago ! GEJ regime helped create many of the opportunities youths are enjoying now. It was then that peeps began opening up to these online opportunities. I know I did. Many people lost money during this Buhari regime, I personally lost 150k to MMM, then talk about inflation, where prices of everything just shot up. We need better government abeg |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 10:15am On Nov 19, 2018 |
Mystic1: Alright let's make this work. I've gone through the thread from the first page to the last page and I'm honestly inspired learning how people came across their fortune. I've also shared mine, became a millionaire at 23 (cryptocurrency investments and trading). 2019 is going to be a massive year for me and I'm opening up an opportunity to a few of you on here. I need dedicated people who can work. Yeah I know you all feel inspired but behind these millions are serious work. I don't want someone coming to me to beg for money, there's no free money anywhere and I honestly don't have money to dash out, but the little I have I shall give, which is pointing you to the way to make your first million next year legitimately.
To qualify, you must be in atleast one of these categories: *You should be a graduate currently serving(preferably in schools) *An undergraduate. *Determined to work hard and be goal oriented. *Ready to use your brain because this is going to be very tasking but pay will be worth the work and I guarantee you 1million by this time next year.
Please I'll repeat again, I am not giving out free money. I will only furnish you with every information you need and give you clues on how to fish then the ball will be in your court. Interested people should drop their email, and I'll email you my contact. Thanks Jdjimmydaniel@gmail.com |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 1:53am On Nov 19, 2018 |
The10thMan: Was 26.
Graduated school in 2004. Then applied for various jobs. Any that was available. I needed seed capital for my dream. I recall trekking Trans Amadi in PH dropping CVs to companies. Many oil and gas servicing firms. I even went to Primary and Secondary Schools to look for teaching jobs. Come see shakara untop my 4.01 Second Class Upper. But I couldn't be bothered. I knew I needed to get a job first, then raise seed capital even if I wanted to start a business. Background was humble and family was just managing. Wrote various aptitude tests for banks like Intercontinental, other banks, Freisland, Diageo, LNG, etc. and another one with an Oil and Gas Agency. First Job was with a bank. Old Generation Bank still existing today. Got a job as a Banking Assistant Graduate Trainee. Went to Lagos for 1 month training and posted to the Eastern Part of Nigeria. While in the bank in 2007, the Oil and Gas Agency finally called. Their recruitment took super long. Left First Bank like crazy. Salary in the Bank was 59,000 back then. One of the lowest paying.
In my new job, housing allowance alone was back then was 1.6 Million annually. Salary about 200k monthly. Not to mention hazard, offshore, etc. allowances. I was 26. I recall I called up my friends in the bank and jokingly told them they are all small boys.. .Finances have never gone below 1 million naira. Savings alone with Work Staff Cooperative Society is multiple millions. ONE IMPORTANT THING IS I KEPT MY LIABILITIES AND EXPENSES LOW and still do. Never believed in the ''I need to upgrade so people know I have arrived'' mentality. Acquired 4 properties. 2 Lagos and 2 back home. Built first house in Lagos.Added two shops to the front section. Completed and rented all flats and shops out. I still live in a rented apartment.
However, money in the bank and dormant salary/income doesn't bring returns. Money is a messenger and money doesnt like being idle. You need to send it on good errands to bring more money, and the cycle continues. Also, there is time value of money and money depreciates. With all these at the back of my mind, I urgently needed to transfer a lot of my finances into assets that will generate income. This is still my biggest challenge today. I focused on greatly on developing my skills and myself professionally in my area of expertise. I eventually set up a Consulting Firm/Company in my area of expertise with freelance workers. I read a lot, pay for courses myself. Coupled with work sponsored courses. I love to read about wealth creation and financial intelligence. I have a crazy collection of over 20 books. Kiyosaki, Trump, etc. I love watching Grant Cardone, Tai Lopez etc. on Youtube at my spare time just for encouragement. My job is still there by Gods grace. Consulting firm is growing strong. Now Consult for both Upstream and Downstream Companies. Trying my best to brand the company with a good website, good band image etc. Currently, I have the desire to open a conglomerate to diversify to various sectors. Picture Dangote Group. Called up a lawyer for advice. I intend to go into a lot of business ventures. I needed daily revenue so currently planning to open a lounge/cafe/bar and plaza anywhere after Ajah Axis in Lagos. Searching for property currently. My Consulting brings money but you have to chase contracts and bids etc. Plus, contracts dont come easy. Also, price war between contractors drives down profit margins a lot. Need something with daily returns so thought I should open my own Lounge/Bar/Cafe with a small plaza for sharwama,asuun,nkwobi, fried potatoes etc.That is my next project. Also, intend to follow Grant Cardone's idea-''build multi-family dwelling housing instead of single units''. Intend to do this with the other land in Lagos.
ONE BIG MISTAKE I MADE WAS NOT LISTENING TO MY LATE MUM. She forces all her kids to learn a vocation/a skill regardless of how highly educated you are. Personally, she wanted me to learn welding. I felt I was too educated for it. Perhaps by now I would have been constructing Sky scrappers and handling huge projects with my current knowledge and exposure.
GRATEFUL
Posted a few diagrams to educate people in a glimpse. I think you eventually turned out well despite not learning a skill. Really, you paid the dues and got rewarded at the right time. About multifamily, you should join Biggerpockets real estate forum to learn multifamily investing from the pros. There is a whole lot of money to be made in multifamily real estate but many people still do fall into the ditch. You might need an IP changer like Hola extension to access biggerpockets tho (The site only accepts members from the US). I'm also following in your footsteps. I don't know if I can get to say hi on WhatsApp. |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 11:04pm On Nov 18, 2018 |
This is really a miles ahead of the dumb racist political threads on Nairaland. This one really adds a lot of value. However, I think it should be a net worth of 1 million naira (savings) instead of making 1 million naira... Anyone can make a million naira if they put mind to it but not everyone actually has savings (net worth) of 1 million naira. Personally, I crossed 1.5 million with Fiverr by 25 yo. But I was spending on women and family. So as the money comes, I spend. Now I have learnt a lot of lessons about money management and investing. Pretty soon, will cross that mark again with God. Guys, there is wisdom in learning money management principles. |
Business › Re: How Old Were You When You Made Your First Million?, And How? by JimD(m): 9:32pm On Nov 18, 2018 |
olujastro: At 24 through salary, just a few months after I started working.
Since then I've made and lost millions trying to grow wealth. Bought land, shares and last year, crypto. Also ventured into several online investments where I gained and lost as well. If only I had clairvoyant abilities and know when to cash out. Recently lost 4m to crypto and I'm selling what's left . Looking for new investment ideas. You should read and note down the investing sins discussed in this book: 7 sins of investing - Maury Fertig |
Romance › Re: Zubairu, Student Buys Nihat, 16-Year-Old Girlfriend A Benz And iPhone X Max by JimD(m): 2:35pm On Nov 16, 2018 |
Congrats to the girl |
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Sports › Re: Kylian Mbappe Named Most Valuable Footballer In The World At £190m (Full List) by JimD(m): 10:24pm On Nov 05, 2018 |
Who put Lukaku and Dele Alli for this list? Where Ronaldo? Rubbish list. |
Sports › Re: "English Premier League Overrated" - Zlatan Ibrahimovic by JimD(m): 10:17pm On Nov 05, 2018 |
FACT. Premier league has poor quality of football compared to LA Liga. Fact: Ibro proved his worth at Man Utd. If he had better teammates, he would have scored more goals. Argue with your keypad. |
Business › Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by JimD(m): 5:15pm On Nov 04, 2018 |
Rakiticbarca: chatting with you on WhatsApp Fast deal with RakiticBarca. |
Business › Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by JimD(m): 5:14pm On Nov 04, 2018 |
JimD: 35$ US PayPal for fnf fast transaction @ 310 Be prepared to escrow if not trusted Contact thru sig. Sold to RakiticBarca |
Business › Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by JimD(m): 2:44pm On Nov 04, 2018 |
35$ US PayPal for fnf fast transaction @ 310 Be prepared to escrow if not trusted Contact thru sig. |
Music/Radio › Re: New Music By Nairaland Artiste 'andy Blaze' - Venus by JimD(m): 11:30pm On Nov 02, 2018 |
Nice song generally. Kudos man |
Celebrities › Re: Nollywood Actor, Odunlade Adekola Celebrates Wife's Birthday by JimD(m): 2:52pm On Nov 01, 2018 |
dancok: if u can fu.. Ck me, i will pay handsomely. Konji is a bastard |
Politics › Re: Yemi Osinbajo’s Love Story That Got People Talking by JimD(m): 7:43pm On Oct 28, 2018 |
Lordofthewest: Hehehe Zombies will always find a way to derail threads to asslick their god, Buhari. |
Politics › Re: Yemi Osinbajo’s Love Story That Got People Talking by JimD(m): 7:30pm On Oct 28, 2018 |
This guy get brain. Only if Buhari will allow him to be creative. But now he is an APC tool. He is trying to win the heart of the masses. But it can't work. All APC has got is projections, we will do this and that. No tangible achievement. |
Politics › Re: Your Time To Run For President Has Not Come Yet – Osinbajo Tells Nigerian Youths by JimD(m): 7:14pm On Oct 28, 2018 |
Osinbajo don turn full fledge politician. He couldnt speak against any of the ills being done by the party. Finally compromised. |
Politics › Re: Your Time To Run For President Has Not Come Yet – Osinbajo Tells Nigerian Youths by JimD(m): 7:10pm On Oct 28, 2018 |
SolutionMee:
 Inasmuch as I dislike Buhari's way of leadership, it will be an unwise thing for me to do if I don't applaud him and his administration on needs that matters. What Osinbanjo just said is the unadulterated truth. Not that we are too young to rule Nigeria but we're too young to lead Nigerians. If a youth becomes our president today, it's clear that the youths of this country will use it to their own selfish advantage. Things will become worse beyond reasonable measure. Everyone will be striving for unnecessary attention and hitting up the polity without justifiable cause. Imagine Sowore playing on the sensitivity of well-meaning Nigerians by telling us to take it back. Please help me to ask him that what exactly are we taking back cuz the last time I check, we have no business in Aso Rock. It's even a privilege that Buhari is being considerate. With the way we all have abused his leadership, he should have ordered an executive order-09 preventing young Nigerians from ever governing Nigeria again. But the few integrity left in him wouldn't let him do. Passing a bill would have been the best idea but those senators in our legislative arm of government may also take advantage of it. Throughout the world, it is conventional that the youths will lead in the future only. We're the true leaders of tomorrow. Let us give them our today... Tomorrow is ours! This is prolly a 50 year old man who is getting crumbs from the government. I for one ain't giving anyone my today. |
Politics › Re: Npower Beneficiaries Attack Atiku And His Media Team For Trying To Discredit It. by JimD(m): 8:44am On Oct 23, 2018 |
The problem is most of our youths do not have foresight...no 5 year term goals. |
Politics › Re: How Ambode Is Fixing The Roads In Lagos (PHOTOS) by JimD(m): 12:16am On Oct 23, 2018 |
FortifiedCity:

Ambode, your cowardice stinks.
You knew there was no coming back for you under APC. All you would have done was escape to another party with the Governorship seat; bear the consequences of fighting tinubu. Build your own loyalists no matter how short a time.
If you get impeached, play on the people's emotion by acting like the villain and come back like a 'Messiah'.
I guess the fear of the unknown took the better off you. I swear. Ambode is a coward. He would still av floored Tinubu's choice candidate. He was probably going to deliver Lagos from Jagaban's grasp. But he took the coward's way out. Even while PDP was given him an unopposed ticket. |
Politics › Re: How Za Oza Room Made Aisha Buhari Politically Irrelevant by JimD(op): 3:33pm On Oct 22, 2018 |
budaatum: If Buhari would just nominate a woman to a responsible ministerial post, like say Minister of Finance, we would know he does not mean women should remain in the kitchen.
And until the day he does, my bubu, you are a male chauvinistic pig and I am very not happy with you!!
 
I hope he hears me! Ministerial posts are based on qualifications and even at that you can only point to one or two active female ministers in Buhari's cabinet. |
Politics › Re: How Za Oza Room Made Aisha Buhari Politically Irrelevant by JimD(op): 3:16pm On Oct 22, 2018 |
Johnjanrt: Go up North and meet supposed feminists having perpetual and pathological hatred for fellow ladies. Saying this from experience. Why hatred? I don't know about that. |
Politics › How Za Oza Room Made Aisha Buhari Politically Irrelevant by JimD(op): 12:13pm On Oct 22, 2018 |
Buhari's statement, "my wife belongs to my kitchen and the other room" is a troubling statement for women. And it is because it is reminiscent of the traditional Nigerian mentality which has been accepted as a norm.
Let me point out, I'm not a woman, because by God's grace I love being a man. And I believe we are God's image, regardless of gender. And I'm not a femisinst because the whole concept of feminism sounds logically stupid to me. Feminism affirms that men are animals, and women are equal to men. Essentially, this means women and men are animals. Which is dumb.
Now judging from the past governments, we had some first ladies that were highly influential either positively or negatively to their hisband's government. Talk of Stella Obasanjo and mama Peace who were their husband's backbones or Turai Yaradua who ruled Nigeria by proxy while her husband was sick.
Pointedly, women are strong. But our current first lady proved to be the opposite. Yea, she does some stuff that first ladies do. But since the time I heard her protest about ministerial appointments, and was shut down by this statement above, her voice was stifled. I mean, she has had no real influence on the current Nigerian administration.
Yea, gender inequality is more potent in the North, but Turai was from the north also. It baffles me how markedly different they both are in their influences. I can't remember any significant statement by Aisha after the "za oza room" incident. And sadly, this was in front of the whole world.
So, while I'm not a feminist, I believe feminists in Nigeria are nothing but horn blowers unless they can get the president to apologize for a statement that reduces women to nothing but kitchen helps and sex tools... |