₦airaland Forum

Africa can't even produce common electricity

Have to depend on European and Asians.

Then driving jeep is a priority

zinaunreal:
Paste your ielts score lets see na. Noise .

You are asking Me to post receipts of IELTS scores

At the breach of my privacy to prove what petty and childish points. People get high scores in IELTS on a steady. It might not be in your circle but it happens

Sometimes some human brains need an OS upgrade.

zinaunreal:
See how correction dey pain you. 😅 hug Tinubu na.

Cheap Internet connectivity has given audience for people to exhibit knowledge gaps and grandiose delusions unfortunately


Some people who might have never even got distinction in an IELTS section be talking

So Foreign Junk cars which are supposed to be crushed but are sent to Nigeria are now a sign of wealth

LMAO

MaziX:
simple question

Dumb Question

The question is too shallow

Nairaland is full of diverse characters from all walks of Life and various backgrounds and status .It's only someone that is still upcoming that thinks a jeep is something.

Google Rothschild Family and Read Rich Dad Poor Dad make you start dey expose yourself mentally. Have You seen a Rothschild family member flexing stuff on social media
Real life is different from typing on a keyboard.

Financial Literacy should be made compulsory from Kinder Garden and maybe You could need some adult education classes
YOU GET

PEACE2023:
Prosperity because you use money to buy it

Wrong ; I have seen some prosperous people without jeeps or high end cars. Prosperity is measured by assets ( increase in value or add more income or both )not an SUV or a jeep. Some very rare high end cars qualify as assets but most Nigerians don't buy such and most are mainly sports cars and not jeeps

zinaunreal:
It's just figure of speech mumu

You are actually the Dumbo Dolt. OHLODO. Figure of Speech Kor. Metaphor Nii

MaziX:
do u have a jeep?

Financial literacy is surely a gross and big issue. How is that your business. This shows the level of your mental shallowness.. PATHETIC

Tip; Go and read Rich Dad Poor Dad by Robert Kiyosaki. At least start your financial literacy from there

PEACE2023:
Prosperity because you use money to buy it

Prosperity is defined as assets ( income generating or appreciating
investments) and not vehicle+ liabilities? that do not generate income and that are not used for commercial purposes @and not for sale and are not vintage cars hence low resale value

The statement that when people in Nigeria see him driving a Jeep


Is a Jeep a sign of prosperity or an economic liability.

He didn't even mention coming to Nigeria and opening a business or opening companies but coming to drive a jeep. Ridiculous and mental shallowness

Wealthy and educated populations have lower birth rated due to increased awareness, Information and use of family planning. Also they have the fore knowledge that having a child might require a lot of resources and time and energy and financial responsibilities and cost and possible income loss or career loss/ reduction to the parents with no guarantee of return on investments.
Also, the world has its challenges and rich and middle class people who have access to better education are aware of some of the challenges like Inflation , economic uncertainty, pollution, risk of nuclear war, environmental disasters etc and so they limit their personal reproduction of children
China, United States of America, Japan, UK Germany, South Korea which are developed countries have reducing population among the indigenes. The governments of USA, UK, Europe sometimes use immigration to boost their population, workforce and to fill their labour and manpower needs

It is common knowledge that Elderly people unfortunately pass on every year

But prophesying the region and state and lga would have made it a prophecy not this general information

Namaster:
Imagine a foolish boy trying to kiss a bride on her WEDDING day in front of the groom and his friends. That level of stupidity deserves to be punished.

It doesn't matter if you're pounding the bride like yam in private, you NEVER disrespect the groom in public by doing PDA with his bride. Especially when his friends are around.

A foolish simp started this problem, paid with his life and then cost other people their lives and property. His fellow simps who could not realise what he did is very wrong went like herd and started a catastrophe

Radiographers don't look for job and in many cases earn more than doctors.
Also it is much more easier for radiographers to travel out and work

Decide shhaaaa

Topman7:
This is small-minded thinking.

Lagos does not think like this.

They don't care if office prices are crashing in America, or on the moon.

They just go for it.

In India, China, Brazil, and other emerging powers, prices are not crashing. Their economies are booming.

So stop using America as your barometer in everything.

Plus I can guarantee you that YES, Onitsha's top businesses will RUSH to have an address at its first skyscraper.

Mental deficiency and financial illiteracy is a serious tissue. So companies in One of the poorest Countries in the world and a Country not among the 10 richest. Countries in Africa would just spent money and rent office space in a skyscraper for vanity and ego reasons.


Is that how You run your business.

@seun

I don't think so

I am Igbo but building skyscrapers anywhere in the East is an unnecessary waste of time and resources


When in USA, skyscrapers office complexes are crashing in price or is it private individuals in onitsha that would bring our their money to pay expensive rents for bragging rights that they stay in a skyscraper

What is needed are factories amd.power plants that produce items we import and employ people

Not a big for nothing skyscraper

Brendaniel:
So I'm going to answer you according to the points you made;

I don't think so, even Elon Musk believes the world is highly underpopulated, Everything required or man to enjoy on earth has been made available and we can still get more and manage the resources very well...

I would have loved to talk a whole lot about LGBTQ folks and more about human beings and the resources available for man, I'm quite busy now....

Businessmen need population so as to increase the possibility of getting potential workers and potential customers especially in Countries with good government welfare systems.

Elon Musk falls into that category because the more the population in a geographical area ,the more the potential available workers to employ and the more the potential customers

Rostikol:
You are very stupid.

You think because you are too dumb to make paper and pen, Africans are like you?

Stupid dropout.

Cut off internet connection?

Africa will cut off trade with them including cobalt that they use for phones and electric vehicles, and nobody will use internet.

Without African resources, none of those western countries can survive ONE WEEK.

Idiot with inferiority complex.

I think it is stupid and foolish.of You to insult someone online on a faceless forum because of a disagreement in the person's opinion.
It also shows mental shallowness to be using a phone or computer and software made by foreigners who can shut off your internet connection and banking system with one switch while your low iq is distracted by how African Governments are banning gay on pieces of paper likely imported
Your stupidity did not allow You research that Africans do not produce even a simple borehole water pump or stabilizer or car engine talkless of industrial mining equipment
Religion is indeed a tool for diversion especially in Africa where most of the equipment we use even to plant food and eat is imported

nlfpmod:
https://www.google.com/amp/s/amp.cnn.com/cnn/2024/02/28/africa/ghana-passes-anti-homosexuality-bill-intl/index.html

Though I am not gay

But should this be a priority for African Countries who should be focused on poverty eradication and technology acquisition

Imagine if the west, Europe, Asia and South America close their land, and air and water borders and cut off internet connection to Africa

Can Africans produce the biros and papers needed to sign that document from scratch

If the man was SS and she was AA and financially independent, Do You think she would enter the relationship

I am Igbo but a lot of Igbo small and medium scale business would be swept by modernisation if they refuse to embrace modern business practices and technology .

You agree to serve someone for years with no legal agreement and no legal contract and no lawyer involved.

See where Op took.the picture from


https://twitter.com/Ada__ife/status/1755260201886781879?t=v44MMLKzLwfGpi2pNsUAhQ&s=19


Note; I don't know any of them

It is a medical issue

Purchasing power is low in Nigeria

Very few indigenous labels and investors in Nigeria to pump heavy capital into developing artistes


Weak legal enforcement systems that do not checkmate music piracy in Africa


Weak legal systems that allows an artists to walk out of his music contract with a record label without cause

sheeda995:
Problem is that dollar is still 1200 to naira. We don't need more things to devalue our naira. Nigerian government should ban Disney if they have sense as they are trying to penetrate to generate money. And Nigerians are dumb,willing to jump on abroad threads

In my opinion, it's not for the Nigerian domestic market or Nigerian people overseas

It's just making something different for their customers and bringing variety

That's why American record labels partner to sell K-pop


That's why Raggae and Hip-hop are sold by White owned Labels alongside bles, country, rock and pop

Different flavours for sale
It is a different product

sheeda995:
You don't have sense. Disney is about money,they don't care about whatever plus they are going to twist the culture and put rubbish there. Nigeria artists with that sane dream is killed now

Disney is just experimenting with variety
Disney has done Aladdin. Mulan, Black Panther, Snow white, Mickey Mouse .

Arabic. Chinese, African , Western stories and cultures.

White corporations have produced movies on slavery like roots, 12 years a slave, Django

So far there is potential for interest and variety ( something different) and a potential revenue lead.

All is strategy for revenue and variety. Some record labels sell Jazz. hip hop, raggae, trap and R& B and Gospel so any style You buy as a customer. They still make money

Asians sell Nigerian food abroad. Does that make them Nigerian.

To me if it is real, it is just an experiment of a difference flavour of movie script.

RickyJesus:
Exploiting the Nigeria population as usual.

In my opinion, domestic Nigerian purchasing power is poor in dollar terms despite the population. Naira revenues from Nigeria cannot presently impact Disney's dollar based bottom line

Information on the internet states that Disney earned 4 8 billion dollars from major movies revenue last year 2023.
Funke Akindeles 2023 film " a tribe called Judah" grossed over a billion naira ( almost 1 million dollars) and is said to be one of the top grossing films in Nigeria.
That figure is less than 1% of Disney's revenue from movies in 2023
I believe If Disney is doing the film, it is just an experiment and is not expected to be a major revenue generator.The data speaks

Kenochi:
I have read most comments on this thread and I have to be honest,the discussion is very robust,no insults just plain economics,this is how decent discussions should be,you leave the thread more informed and educated
I strongly believe that based on this news alone,the naira might have a strong rally
There was this apprehension that Dangote might charge in dollars for some products but this is a very good move
The second checkmate that will sustain the rally o the naira is if the Nigerian government and Dangote can work out a payment system for his crude oil that will not put further strain on the Naira
If the two measures are put in place,it will release a lot of pressure on the demand of Dollars
I repeat,those hoarding dollars will soon drink garri with their dollars,it is not a prophecy it is simple economic reality
Once you cut off the head of the snake(buying and selling of Refined products in foreign currency),the body will have a calm sleep

Good analysis from a different point

But Nigeria is still an import dependent country

Most things are imported apart from crude oil and the population is still growing and it is going to take.a lot of low interest loans to fund Nigerian domiciled companies
that would substitute and produce and sell in Nigeria goods and services that used to be imported to ensure imports are down at least 80 percent

Petrol aside

ivolt:
First, Nigeria does not dash out any money.
It buys goods it needs at international price.

The government get its forex primarily from oil export.
If Dangote refinery sells in Naira, it means it will pay for the crude it buys
from the NNPC in Naira too.
So, the government will be getting less forex than it used to unless it strictly
sells to Dangote from increased crude production.
Of course, some forex will be saved in the process due to the extra value created
and also shipping costs assuming Dangote can produce at a competitive rate.

This only applies to local market, whatever Dangote export is a positive for the government.

Very brilliant analysis