₦airaland Forum

Nigerian business leaders ask that the Chinese be reined in by the government?

Nigerians who are among the most dispersed in Africa by absolute numbers have no locus standing to be asking that some other people be reined in in Nigeria. No serious nation dies such. What you do is organize those who have chosen to work in your economic space. Impose minimum wage and invest in an ecosystem that makes things easier for them and profitable for you. The more workers in any nation the more viable the nation, the more taxed those workers the better.

As an economic player that employs you shouldn't be scared of competition. What you need is capacity and no one can take away the capacity you have already but you also need management strategy to fully deploy the capacity.

As a trader, you need sales points and a good management cum reporting format. Not loans. Traders do not really need loans.
When I was a trader in Ile Ife. I had four points staffed with two people each and another four staffed with four with another four on shift and three mobile sales point. I was not able to become a major dealer having being blocked by the RCCG and the Deeper life but I took the sub dealership by force. A dealer posted to Osun state or assigned Osun state has not finished his round if he was yet to send people to me or invite me for a meeting. I did not have the support of anybody but I had capacity and a solid reporting cum management format.

If I open on any single day, I would see money on that day (guess how much) and in an organized country I would easily be able to raise a bank guarantee (BG) of over 2:million naira in 2009 given the lease holds and built up structures I had back then but a dealer would need probably over 50 million naira in BG for only MTN back then and the RCCG and the Deeper life people made sure I got no support or backing. So that is how it works.

A manufacturer needs capacity in output per hour or per day. A trader needs capacity in turnover guaranteed by permanent addresses, sales points, relationships and REAL ESTATE etc. They need real estate so that they can be able to raise bank guarantee to meet the MOQ of any company. MOQ is Minimum Order Quantity. You don't need loans and when you take loans you can get it for even one point above the fixed deposit rate if you have collateral and anyone that can raise a BG can also raise collateral. If you can't, then seek investors. If a trader should take an urgent loan, then he or she must invest the gains in real estate to be used for BG later.

The Chinese who are in Nigeria are not manufacturers. They are in wholesaling and retailing and they must meet the manufacturers' MOQ too.

Roycemadeit:
Jehovah's Witnesses are reproducing what they believe the Bible teaches, just as other denominations reproduce their own interpretations. That may show consistency with their interpretation, but it doesn't prove that God established their organization. Especially when the movement itself has undergone major doctrinal and organizational changes since Russell.

I hear they have now allowed members to be receiving blood from others

How would a higher taxable minimum wage affect a SME in Nigeria say a water factory

Let us say the company has ten workers with one driver and one supervisor
Driver 100k
Supervisor 120k
8 Factory workers - 480k
Business owner- 600k

3000kwh electricity consumption per month @ 100 naira per kwh -300,000 naira

Other expenses- 200,000

Total - 1,800,000

200 bags of water sold per day at 700 per bag is 4.2 million monthly
And let us say they sell only 100 and that is 2.1 million naira

If minimum wage is imposed on them and wages rise by thirty percent, expenses will rise by 360k per month and sales will also improve in any economy where minimum wage is increased. The company will not need to increase prices by more than ten percent to cover the difference because we don't really need to add the CEO's wage. Then as prices drop, energy prices drop, pms costs drop, competition will cause the price of the pure water to drop even below what it was before the minimum wage increase. It might go to 400 naira per bag instead of 700.

So minimum wage increase will cause an initial price hike and it may not because wages are often not a significant part of expenses for many business owners. They just pay market rate and pocket whatever remains after other expenses.
Employers PAY MARKET RATES. WHAT THEY PAY WORKERS IS NOT DETERMINED BY THEIR PROFIT BECAUSE NO ONE KNOWS THE DAY THAT THERE WILL BE SALES AND WHETHER THERE IS SALES OR NOT, WORKERS WILL BE PAID.

THIS IS WHY GOVERNMENT NEEDS TO ALWAYS INCREASE MINIMUM WAGE TO BE ABLE TO BEAR TAX.

NON OIL EXPORT OVERTAKES CRUDE HAS NO RELEVANCE TO FG REVENUE WHICH THE ARTICLE MENTIONED AS GOVERNMENT REVENUE AT THE FEDERAL LEVEL IS ONLY 25 PERCENT CRUDE PRESENTLY. EXTEND IT TO ALL REVENUE FROM ALL GOVERNMENT TIERS AND IT MAY BE TEN PERCENT.


Oil has never permanently secured the status of the top forex earner in Nigeria at anytime. Remittance is the top forex earner in Nigeria. Nollywood is a forex earner and farm produce is a forex earner.
WHAT MAY HAVE JUST OVERTAKEN CRUDE IS EXPORT OF MANUFACTURED GOODS. EVEN THE NGX IS A FOREX EARNER

Ilesa metropolis and a hypothetical Ijesa republic

A short history of the Ijesa nation

The state of Ijesa was founded around the same time England was founded give or take a few centuries. The present Owa Obokun. Oba Clement Adesuyi Haastrup -Ajimoko II is number 48. Do your own calculations and you will have to conclude that the state is over 1000 years old, maybe up to 1200 or 1300.

The founder is Owa Obokun Ajaka Onida Arara an illustrious son of the last Oduduwa who got his nickname Obokun because he procured brine from the sea to cure Oduduwa's old age blindness. Obokun means he who procured sea water. He set out when the Oracle listed the ritual items needed to cure Oduduwa's blindness to include brine or sea water. He was long gone and was thought of as dead until he returned with the sea water to the amazement of people back then earning himself the alias of Obokun which his place holders bear to this day. He was welcomed with the exclamation Obokun!

Before he returned, his father had shared the properties to his brothers and it caused misunderstanding leading to a physical struggle between him and Oduduwa which according to Ijesa accounts led to the crown falling off the head of Oduduwa and the beads around it being cut off. He seized the unbeaded crown and that is why to this day an Owa sitting with fellow Obas will not wear a beaded crown. To compensate him, Oduduwa gave him a special sword called ida Ajase the sword of victory and he left to establish his own state as did his brothers. He did so on the lands of pre existing states by war and negotiations. The first capital was Ileki. Among subsequent ones are Ibokun (formerly IIemure), Ipole, Ilowa (if I remember right) and etc and the current one is Ilesa that is currently a Nigerian city

An Ijesa account says the first Ooni of Ife was installed by Owa Ajaka as there was no viable Oyo back then. There was crisis in Ile Ife as they were killing each other over who would ascend the throne of Oduduwa and Owa Ajaka went there and put them under control and decreed that the next King will be the yet to be born child of one of his late father's pregnant bond women (Oluwo) and everybody agreed. The Ijesa say it was Owa Ajaka that impregnated the woman but this makes no difference as the woman was his father's wife. However the account is only narrated by the Ijesa.

An Ijesa republic in the nineteenth century could hardly have been possible because of Ibadan that existed in the horizon. Ibadan was not an Oyo or Ilorin that relied on calvary that was useless against the Ijesa infantry that would ambush them in the rainforest of Ijesa land. Ibadan used infantry and the weight of sheer numbers shifted the balance in their favor.

Since inception Ijesa had fallen under Oyo, pushed back Ilorin, contained Nupe raids, interacted with Benin, fallen under Ibadan, fallen under Britain etc and later assigned to Nigeria.

If there is a proper Ijesa state today, Osogbo would join. The Osun in Osogbo is the Osun Ijesa and it is the most popular Osun in Nigeria. The Ogun (I think it is Ijamo) that is Ijesa which is venerated during Iwude Ijesa is also venerated in Akure. It is the biggest Ogun in Ijesa etc etc but I refer to only six local governments designated as Ijesa in Nigeria in this work

The most important contribution of the Ijesa nation in its over one thousand years of history is the Osomaalo credit purchase system or hire purchase that is now used globally. The same way the corporate model of doing business is creditable to England and the stock exchange is creditable to the Netherlands is the exact same way Osomaalo is creditable to the Ijesa. If you ask for a small deposit from your customer and you allow them to take the goods while you agree on instalmental payments that allows no defaults then you are an Osomaalo and the idea came from Ijesa land.

Ijesa land in Nigeria

Ijesa land has incurred shortage as a result of being a part of Nigeria. They got their first government university in 2022. I believe up to two percent of Nigerians are Ijesa but there have been over a hundred government universities in Nigeria before a single one was considered for Ijesa land a few years back. Meanwhile the most cited Nigerian scientist on Earth is an Ijesa man and if not he would be Ekiti near Ijesa. Prof Oye Gureje. There was a time all the VCs of University of Ibadan, Obafemi Awolowo University Ile ife and the university of Lagos were all Ijesas at the same time and at that time there was no university on Ijesa land.

Ilesa the traditional capital

The Ilesa metropolitan area encompasses two local governments of Ilesa East and Ilesa west then a part of Oriade including Ijebu jesa, Ijeda Ijesa, Iwoye Ijesa and Ere Ijesa etc. All are part of the metropolitan area.
The population will be around 1.1 million to 1.2 million. The whole f the six local governments will have around 1.8 million people therein. Osun state will have a population of around 5.5 million people out of which the Ife-Ijesa district will be around 3 million people with Ijesa land netting around 1.8 million people. Both Ife and Ijesa are enough to be independent republics not to talk of being a state in Nigeria. Many well known sovereign nations do not have half of what they have.

Therefore Ilesa metropolitan area is around 1. 2 million in population as against the Lagos metropolitan area which is around 17 million in population and the most highly populated in Nigeria.

The metropolitan area has six big markets. The Oja oba Atakunmosa established centuries ago by Owa Atakunmosa (Ogere ekun), the Sabo in Irojo, the market in Imo, the plank market in Oke Omiru, the Central business district in Ijebu jesa and the spare parts market in Ibala road. I do not know if there is a market n Iwoye and the market in Ere was closed as at the last time I was there. The market is in our family quarters.The Oja oba Atakunmosa is reportedly the biggest in Osun state and it has spare parts and electronics sections as well as other specialized sections.

Against the 5 or 6 big markets in Ilesa metropolis Lagos has like 52
Against the one university in Ilesa metropolis, Lagos has 17

Housing estates
There are many longstanding ones. We lived in a few when I was growing up but the most recent and most modern is the Palmdale estate in Ilesa New town on around 300 hectares.

Universities

The only government university is the state owned University of Ilesa which is reportedly the fastest growing university in the country currently if not on Earth. There is also the Joseph Ayo Babalola University in Ikeji Arakeji established by the Christ Apostolic church but it is not within the Ilesa metropolitan area

Polytechnics..

There is the private polytechnic Interlink by Dr Alo and co in Ijebu jesa. The college of Technology Esa oke is not within the metropolitan area.
There is also the College of Health Technology in the Bolorunduro area

High schools

The ones with the most alumni are Ilesa Grammar school my alma mata, St Margaret in Irojo, Methodist and Obokun High school, Ijebu jesa Grammar school etc. The private ones include Olashore International school, Iloko comprehensive, St Anthony and many others.

Research institutes
University of Ilesa, Prototype Engineering Development Institute

NGOs
Leventis Foundation

Biggest private employers of labor

International Breweries PLC, De shalom Pharmaceuticals with two factories and Makaiza Farms. I think only De shalom is likely to be employing less than 1000 workers among them.

Biggest government employers

Wesley guild hospital established by the Methodist Church as the first of its kind in Africa now a teaching hospital of the university in Ile Ife
The University of Ilesa
The local governments etc

Resident HNIs that are industrialists

The CEO of Makaiza farms
The CEO of De shalom pharmaceuticals
These people would probably be dollar billionaires if their businesses were listed on the NGX because they have been paying the salaries of hundreds of people for long enough.

There are many too that have business that should make them dollar millionaires if it were listed on the NGX. There should be at least 50 cocoa farmers in Ijesa land who are dollar millionaires

OTHER NOTABLE COMPANIES

1.Saro Agro Allied a subsidiary of Presco group which was established by the current chairman of Presco Group, Rasheed Sarumi. He could have bought Presco and renamed it Saro Africa headquartered in Ilesa just like the IBPlc but he did not

There are many others in manufacturing, distilleries, paint, foam making, pharmaceuticals, animal feed milling and etc. I only mentioned a few names. Yinka Oba group is however worth mentioning but the founder died a few months ago.

Top investors

The Warren Buffet of Ijesa land and maybe even of Nigeria is Chief Dele Fajemirokun. I don't know of any other individual in Nigeria that is up to him in the diversification of investment portfolio in profitable and sizeable businesses. AI does not know his net worth because according to it, his holdings are in private companies but very good companies. It said not less than 400 million dollars but likely up to 5 billion dollars. That is AI opinion. It must be noted he is decades older than Mr Rasheed Sarumi of Presco who might make the next Forbes ranking as a dollar billionaire

While Chief Dele Fajemirokun is the Warren Buffet of Ijesa land if not Nigeria, the Bill Gates of Ijesa land if not Nigeria was the late Dr Lawrence Omole. He is the first Nigerian to build a company into a big national brand and relinquish it willingly to Nigerians on the NGX. He also funded research into solar power at OAU Ife being one of the pioneer sponsors of research into that sector. He donated 10 million dollars to the college of education in Ilesa in the 1970s to build a library and a health center. His co founder, Pa Awomolo's children are now the single free float or non institutional shareholder of the IBPlc at around 1.5 percent. His own son that is a major shareholder does not hold up to that percentage.

Among the first seventeen individual investors on the NGX, two are from the Ilesa metropolis with one of them in the person of Mr Rasheed Sarumi having founded his company in Ilesa which he later sold to Presco. The second is Dr Chris Aladekomo the head of CHAMS Plc. He is my Dad's first cousin and we are both from the Ejemu compound in Ere Ijesa Ilesa.

Industries peculiar to Ijesa land

The only gold refinery in Nigeria is in Iperindo Ijesa and it is the second biggest company in Osun state after the IBPlc in the Ilesa metropolis

Ijesa produces tens of thousands of tonnes of cocoa every year as well as kola nuts and coffee. There is also fish farming. Those are the industries where Ijesa have more output as against Lagos which only have advantage in sea freight handling that Ijesa does not have.

Others

First lawyer in Nigeria Chief Sapara Williams
Most senior female Professor in Nigeria - Prof Bolanle Awe.

Most senior female business CEO in Nigeria -late Dame Yinka Obaleye. The late Yeye Owa who according to reports was the highest employer of labor from Osun state before her death in June 2026 with factories in Ilesa, Lagos and Abuja

So is there any group in Nigeria as in any group at all cheated of autonomy more than the Ijesa? There may be some that are equally cheated but there is none more cheated than the Ijesa in Nigeria

References

History of Ijesa
https://idcijesa.org/history.php?fbclid=IwY2xjawUctW9wZG9mAWV4dG4DYWVtAjExAHNydGMGYXBwX2lkDDM1MDY4NTUzMTcyOAABHiDDF1BipqdDxfho59JpX4NwHN6d7MiJeYziPciTkpN5c18UUmv4IITSWPfl_aem_BpEDtxNFgGKQ3LkcJ55dKg

ILESA VERSUS THE REST OF THE WORLD- Which nations are currently best positioned?

If the cost of living in any city on Earth is not more than the cost of living in Ilesa Nigeria and there is no reason there should be a huge gap then the per capita income of any country even when the government is taking up to 35 percent of the GDP as taxes will not exceed USD 1700 per annum. If you think it will exceed that amount then explain how the family having such income will spend it in a place like Ilesa.

A family of four consisting of father, mother and two children, having one car and paying up to thirty percent of their income as taxes do not need up to seven million naira per annum in household income in Ilesa Nigeria and at 1400 naira to the dollar, that is 5000 dollars for four people. 1250 dollars in per capita income for the family.

Therefore why people are not paid highly in places like Ilesa is because they don't need high pay. You don't pay a worker 10 million when their living expenses is only 500,000.

The best positioned country on Earth is one with a per capita income of under two thousand dollars but with government revenue to GDP ratio of close to 40 percent. That hypothetical country is the best positioned country on Earth in 2026. If some countries are close, they probably will be in the Caribbean and they must have gotten close only recently by upping their government revenue to GDP ratio. I can't think of any other region where such countries might exist.

BENEFITS OF LISTING YOUR BUSINESS ON THE STOCK EXCHANGE.

1 Number one benefit is you are forced to submit your account to the public and believe it or not, this will force you to grow even if you were planning to just make money.

2. Number two benefit is that your net worth will at first increase substantially and going forward it will increase based on how well you run your business more than by on how much you have invested. How much dividends you pay out will determine the valuation of your business and therefore the valuation of your stake in it, though banks may not borrow you money to the tune of the value of your stake but they will often borrow your free float shareholders to that extent.

3. Shareholders will add to the number of your well wishers, customers and therefore market share.

4. You would have done or established something that has a life outside yourself and that will most likely so far its market exists, outlast you. You will infact watch over it when you die. You would have created something that is more or less a living organism.

christistruth01:
Mass importation destroyed them.
Industries could import their own Industrial Generators
at University of Ibadan in the 90s only one Industrial Generator
used to power the entire Campus during power outage
The University of Lagos was the same

It was same Mass importation destroyed them that destroyed Dangote Textile industry ,
And you know that when it comes to Manufacturing Dangote knows his onions

Dangote Textiles in Kano was big
If Dangote didn’t have hope in Nigeria’s massive potential he for don kpai because of it

If importation can stop you, it only means your cost of production was too high or why do you think the imported goods were cheaper? Would you support a situation where you buy a refrigerator for 20k in Nigeria when it is 10k in Benin republic? So the fault was not with importation or the importers.

WHY THE PROPOSED NIGERIAN HAY BOARD IS IMPORTANT

There are two reasons

1. Once it is established and has operated for one week, the federal government can order all herders to restrict their cattle to one location at which they will be supplied hay for cash. It will end the farmer-herder clashes at once and it does not take more than training people on YouTube and tik Tok on how to make hay, mandating all schools to make hay and all farmers to take their waste from maize and other plantations to local markets to sell to people who will store in warehouses.

2. The other reason is that it is a ten billion dollar industry when in full swing and it can double. At least one billion dollars will be made by government which is around five percent of oil and gas income. The country will become richer and the people well fed from dairy products. By comparison the cocoa industry is around 2:billion dollars and the government can not be able to make up to 100 million dollars from it annually.

jaxxy:
Which Class A factories have the chinese built? Which knowlege and techonolgy have they passed on?

Keep decieving urselves. The indians and lebanese have already been using ur heads shebi fey too built class c factories now its time for the chinese. U will never learn but u will learn the hard way when its too late.

They have massive factories producing for export. They used to have them even when there was only diesel generators to operate with. What do you think will now happen if there is reliable and stable power?

christistruth01:
Mass importation destroyed so many local Industries
We used to have Electronics Manufacturing industry in Ibadan producing fridges Televisions
Fans , Freezers etc it was huge.
The SANYO area of Ibadan was named after on of them and it was massive

Mass importation of Substandard Electronics from China killed it

If you bought the SANYO fan freezer TV it lasted for at least 10 years
You used it until you gave it away
I heard someone say recently that he is still using his father’s old SANYO fan and it is now 45 years old.
That was how strong their Made in Nigeria products were

Their products were so Solid
I even knew people that worked in that factory because it was walking distance from our house
Even though many of them were not very educated their understanding of Electronics was top notch
Expert level because of their Work Experience .
If you were friends with them and any of your Electronics you bought from elsewhere broke they would fix it for you for free

What killed the industry is not importation but lack of power. If there were power, they would have been able to compete with imports. If there is power now, then production will start and if the cost of living crisis across the globe isn't addressed then Nigeria will be able to undersell any country in anything they have knowhow and capacity for

danvon:
I posted somewhere about how all this so called scientific studies showing how the apprenticeship system is so good is practically rubbish, just look at how China disrupted it and they haven't even gone full force yet.

The importers affected by China will be a few hundred individuals and they have the capital to move to another sector of the economy. They also include Yoruba and Hausa etc and not only Igbos

China didn't disrupt the apprenticeship system because it is used in all trading sectors. No one can disrupt it if that is how they choose to do business

jaxxy:
China doesnt allow many external goods or even companies expecially from random importers. They are not a dumping ground like nigeria.

Like what? They import food, animal feed, textiles, phones, computers and etc. What again? If you drop your price, they will buy from you They buy everything that other people are better at producing

jaxxy:
They were manufactuers and importers in abia yes.

China doesnt allow u bring ur goods to china and defitely not what competes with the local business.

.Foreign goods do enter China. No country is self sufficient. Even food enter China and if you produce anything here, they have no choice but to let it enter. The barrier is power. If there is power, even the Chinese will come here to manufacture and the cost of production will be significantly lower than in China

onuman:
Do you even know that China government gives soft loans to the Chinese to go out to other parts of the world to do business in the process of getting China to take over businesses all over the world?

Do you know that many governments in Europe subsidise some businesses so that their citizens will remain in control of such businesses?

If Nigeria's government subsidised your Oke Ogun farmers, they will remain in control, Chinese will not be able to compete with local farmers.
If Tinubu wants to make Chinese compete and take control of the businesses the Igbos used to control, that's injurious to the economy of Nigeria.

No group can take over all the world. Everybody will still have what they do to gain income. The onus is on your government to tax those who chose to work in its territory. If a Chinese is making 100k dollars per annum in Ibadan, he may not be able to send up to 10k a year back to China if up to that at all. As time goes on, he will marry in Ibadan and remain there

TOPIC- THE MULTIPLIER EFFECT OF A CAPITAL AND SKILL COLLABORATION WITH EXAMPLES.

ABSTRACT

The interaction between the two factors of production (Capital and skill) is crucial for the sustenance of production within any settings designed for profit making.

This work is to discuss how the two factors interact and how the interaction can bring the best outcome with examples.

INTRODUCTION

This is one of the works I am able to do because I am under the physical protection of a USA led consortium of nations. I would have been cut down by those who do not like my views if not that I am under protection.
Whatever I write that anyone finds useful is therefore owed those who made it possible by spending effort to make sure I remain alive.

The work is just a further discussion on how two of the factors of production interact, especially in a settings designed for profit seeking. When a settings is not designed for profit seeking, then the dynamics would be significantly different.

LITERATURE REVIEW

METHODOLOGY

I have overtime studied or reviewed how the factors of production interact and the obvious conclusion is that there must be a kind of start up capital for any kind of business venture. There also must be dedicated workers starting from the business owner. A tier 1 producer or manufacturer will need highly skilled workers too that will form the core of the labor force. I then determined that some attributes of the factors of production at inception or kick off determines the probability of success of a start up.

RESULTS

I determined that the crucial attributes of the two factors of production being discussed should include

1. The capital should be separate from the skill.

2.The size or volume of the separated capital should be substantial

3. The skill set should be sophisticated

4. The returns on investment should be attractive to the owner of the capital.

5.The skilled worker must be highly paid or settled well.

6. There must be market for the product that is huge and considerably removed from the locality of the industry.

DISCUSSION

1.Separation of capital from skills

When any enterprise is about to launch, this should be the first action. Capital needs management while skills needs development and one person holding one hundred percent of both have never led to anywhere worthwhile.

2. The size or volume of the separated capital.

Obviously when you want to launch, you wil need enough capital to enter the market which should be substantial but you do not need capital that you can not deploy. A good manager will reject funding that they have no identifiable use for and they will ask for funds only when it is needed because coats are always attached to funding. Therefore when determining what you need to launch a venture, always remember that liquidity should be optimal

3. The sophistication of the skill set

The workers must be good so that what they produce will have appeal in the market and for it to be easy to push for marketers

4. Returns on investment (ROI)

The ROI must be attractive to the investor, An attractive ROI to investors is the main requirement for growth for a profit seeking venture

5 How well the skilled workers are rewarded.

Highly skilled workers must be highly paid and when they work as artisans or even as SME owners, their own ROI too should be attractive. The management of the big money should seek ways to help them reduce their operations cost so as to increase their margins.

6. The size of the market and the demand for the product.
This is also very important. When capital and knowhow are interacting properly, then the local cost of production will drop lower than in regions where the interaction is not collaborative enough and market share will increase for the more efficient region

EXAMPLES

1.The clothiers of England
2. Ariaria market Aba and Main market Onitsha both in Eastern Nigeria.
3. My own personal experience at Ilesa.

1. THE CLOTHIERS OF ENGLAND.

The prosperity of England started from trade in wool. The know-how or expertise in wool production, yield and etc was originally uniform across Europe but somehow hungry for profit English merchants started the collection of English wool for it to be sold in mainland Europe. The producers were countryside farmers in feudal England while the collectors were merchants who would have been aristocrats of some sort since they were able to engage in long distance trading
They would buy everything off the farmers and ask for more. The farmers had to focus on and increase production there by increasing efficiency and product quality overtime. The collectors were called clothiers. The producers were country side peasant farmers. Both groups were making profit and before long, more than half of the people of mainland Europe were generally clad in English wool at any time. This is the real foundation of the British empire. The symbol of England was indeed wool. It used to be symbolically stuffed inside the seat of either the king or the Lord Chancellor. The clothiers controlled the capital and managed it well while the countryside or peasant farmers had the know how. Remember the lyrical poem 'Black black black sheep, have you any wool? Yes sir, yes sir, three bags full, one for the master, one for the dame....'. It emanated from that era. It was how England became England. Farmers and clothiers became prosperous and that was the foundation of the British empire

Ariaria market Aba and Main market Onitsha.

The two places in Eastern Nigeria somehow became artisan hubs after the manner of the countryside farmers of England becoming producers of wool.
In Onitsha and in Aba artisans focussed on production while business men or merchants focussed on buying everything off them and finding market for it faraway.
There therefore was an explosion of opportunities for artisans in Aba and Onitsha which resulted into an artisan exodus to the two cities from all over the country. A high number of textile and leather artisans working in those two cities are not indigenous. The markets are not markers in the traditional sense of the word. They are artisan hubs. There are no other such artisan hubs in Nigeria

3. My personal experience in Ilesa

My first stint as a profit seeker was as a small scale shoe merchant buying from Ilesa artisans to sell at the university in Ile Ife where I wàs a student. I could make anything from thirty percent to one hundred percent as profit. My capital back then was gotten from what I saved during industrial training maybe in 2000 or 2001.
When I go to the Ola shoemaker at Adeti back then as I go to others, l could buy more than five pairs of shoes at least at once or more and the calculative business owner would accept my bargain and sell at a generous discount to plough his capital back into production immediately. It went on smoothly and I was in my opinion making profit atimes more than the producer per product because you can assume that if you sell at more than fifty percent profit within a few days.
What I was doing back then was what made Ariaria in Aba and Main market in Onitsha big and popular. It was what the clothiers were doing at the English countryside. In Aba and Onitsha,hundreds of business men were doing it at the same time and thousands more were coming from all over the country. The hands of the textile and leather artisans in those markets became full. Merchants and artisans became prosperous

I can confidently posit that if a single person with just ten million naira in this 2026 should commit the funds to patronizing Ilesa artisans as I was doing in 2000 or 2001 back then then the sector can grow in revenue by one thousand percent within a short period as happened in England, Aba and Onitsha.

CONCLUSION

I believe that I have in this short work highlighted how a collaboration between capital and skill in any sector within an economic space can lead to a geometric increase in the fortune of such an economic space.Capital and skill must be separated first. Capital needs management and skills needs development.
The ruling odu of the first merchant buying from a skilled person to resell is Ogunda Obara. The person will be known in either Onitsha or Aba since it is recent. The first clothier in England can't be identified anymore.

The odu of the long-term result is Ose Ogbe aka Ose Afibi sun oloore. The winner that infuriated his helpers with bad 'doings'. In the real world, it would be because the helpers are too numerous or they are anonymous.The winner in the two Nigerian markets would be the artisans and merchants that became HNIs, the city that became famous and etc while the helpers are the other players The winner in England would be the clothiers and England itself and the helpers would be the peasant farmers

References

Onitsha main market

https://idoff.net/places/onitsha-main-market-onitsha-anambra-state-nigeria

Ariaria market Aba,Nigeria

Source: Wikipedia https://share.google/M1yfd4K34c6lMKwEm

History of the clothiers in England

IF THE PEOPLE AT THE CBDs are compelled to pay taxable wages then the majority of workers will be in the income tax net and they will be the ones asking government to stop street traders

New odus of September 16 2026

Will there be bliss when all prices drop?

No there will not be bliss when all prices drop. There will be bliss for you only when you have a personal retirement savings account. Odi meji is what is cast for a retirement savings account

Odi Meji

Okun kun nare nare
Osa sa legbe legbe
Alasan nra asan rmdmdm)
Alasan nra asan (rmmrmm)
Awo omi ori ota

A difa fun Retirement savings account ti o se ma ni fun eni ti o ni fi ojo ale toro je.

Translation
The sea is filled. It is filled to the brim and shedding some
The Lagoon goes back and forth without ending
Those who will buy to lose will buy to lose
Those who will buy to gain will also buy to gain (activity will never stop)
It is the Awo of omi oju ota (The suspended lake)( It is what is left inside that never leaves that matters)

This was the ifa cast for Retirement savings account which you must have in order not to become a beggar at old age.

Dropping prices will not save anybody. Only a retirement savings account can do that

Oturupon Ofun

When many people align, it is easier to become
A project with only one stakeholder can never amount to much
It was cast for A and shared to B
They both had businesses that they were striving hard to build.
A took loans from the bank
B listed his business on the stock exchange, took in board members and free float shareholders in exchange for funds from friends, well wishers, admirers and onlookers

They were advised to sacrifice
It was only B that remained behind to sacrifice
B's sacrifice reached heaven and was accepted
Onlooking people of Po and Offa!
The number of stakeholders is an entry barrier to the next level for any venture

Motoriki Awo ode Motoriki. Motoriyo Awo ode Motoriyo.
Mo to fi obi kan godogba ki Awo ile Onikanhunyago
A difa fun Onikanhunyago omo Adaba ti nfo loke yakinyakin loju ota
Eni ba fun ikin lobi asairowo jeun?
Ero PO Ero Offa!
Eni ba fun ikin lobi a rowo jeun!

Translation

Mtoriki is the Awo of the city of Motoriki
Motoriyo is the Awo of the city of Motoriyo
I am prosperous enough to give a huge kokanuts to the Awo of the house hold of Onikanhunyago
This was the Ifa cast for Onikanhunyago the son of the Adaba that flies above majestically in the full glare of its enemies
Can he who gave kolanuts to ikin ever lack?
Onlooking people of Po and Offa!
The person that gave kolanuts to ikin can not but prosper!

The entrepreneur that lists his business on the stock exchange can not but prosper.
Ela boru Ela boye Ela bo sise

The most effective war against drugs.

Oyeku Oturupon

An iroko can not fall in the forest to injure someone in the house
When the roof caves in, the people on a journey can not be victims

It was cast for the drug addict that stopped abusing drugs because he was given a well paid job that requires the frequent submission and defense of lengthy reports.

Osa Owonrin

A child thinks a dwarf is also a child without knowing the dwarf is already a grandfather

This was the ifa cast for the investor choosing dollar stock over baira stock or dollar stock over yuan stock, dollar stock over euro stock and etc

He was advised to sacrifice
He listened but did not comply
Such were the ones that lost out in the end.
They left the stock of well run Naira companies to buy those of dollar companies under inept management
It is because they don't know that currency inflation have no effect on equity already in the portfolio

WHAT IS ISESE?

I was never comfortable at any point calling the Yoruba spirituality a religion. I was just calling it spirituality until I met someone online, a Dutch man now late who was a Babalawo that called it Aborisha then I switched to that word and was using it for a long time until I encountered other people online who are based in Nigeria that said the right word is Isese. Isese's etymology is Ise- the beginning of being and se- to do. Isese therefore means the things we do immediately we became or we became aware of ourselves. I find the meaning including the etymology easier to align with. Aborisa means the one that venerates the orisa and while that can be used, it does not encompass it all, it is just one sector and you can say it is not part of your own Isese.
Muslims insist we all started off as Muslims implying that Islam is the quintessential Isese but today I got four characteristics by which Isese can be identified. I got three on my own and Ifa gave me one. They are

1.You are never converted to Isese. It comes naturally.
2. You do not necessarily have to learn it
3.It does not diminish any human being.
4.When you do it, it benefits you or it leads to your salvation.

So you know by yourself what is your Isese and the things you do that do not qualify.

Religion does not qualify because it diminishes law abiding human beings who venerate deities. Let people diminish themselves by their conduct. Never open your mouth to diminish someone doing his or her best by being of good conduct.

Cannibalism can be the Isese of some people so far it satisfies the four stated conditions.

Therefore venerating orisas can be isese for one person and not for another and this is why Aborisa does not capture the spiritual practice of the Yoruba. Iborisa can be your Isese and not mine. I can make consultation and not offer the sacrifice either because I am not interested in the outcome predicted or I don't have money. I might also just pay the Awo the way I would pay a lawyer and take my leave etc.

When you rush forward like the seas or backwards and forwards like the lagoon, Isese will remain unchanged like omi ori ota (The suspended lake) of which it is said there are only two on Earth. One on Yoruba land and another elsewhere. Odi meji is cast for Isese. It is the most vital asset.

Okun kun nare nare
Osa sa legbelegbe
Alasan nrasan
Alasan ra San
Awo omi ori ota
Awon agba imale wo ehin oro wo pe o sunwon mo
Won fi irun diwaju oju.
Won firungbon diya pinpin

A difa fun Isese ti nse olori oro ni iwarun
A bu fun isese ti nse olori oro laye
Ki gan ni Isese?
Olodumare Isese ni
Iya eni Isese ni
Baba eni isese ni
Idi eni Isese ni
Isese ko se ma se
Oro ni!

Translation

The sea is filled to the brim and furious
The lagoon is very furious too

Alasan did his best and it came to naught
What Alasan bought was of no benefit to him
It is the Awo of Omi ori ota ( The suspended lake) (It will remain there!).

The elders of the Muslims realized the matter will not end well
Their hairs stretched to cover their face and their beards extended to their chests

This was the Ifa cast for Isese
Who is the chief rite (what must be done) in Iwarun (heaven)
It was also cast for Isese who is the chief rite (what must be done) in Aye (The world)
What exactly is this Isese?
Olodumare is Isese
Your father is Isese
Your mother is Isese
Your genitals is Isese
Isese is the thing that you can not but do.
It is the chief rite! ODI MEJI

Classicals:
We need to be wary of these Chinese though.

I heard they are also going into manufacturing.
Presently they are producing garri in Ogun
Farmers have stoped farming casava

We should not end up as giving them an inch then they took a mile

ANYBODY THAT CAN MAKE THINGS CHEAPER SHOULD ENTER AND DO SO WHILE THEY MUST PAY PIT, VAT AND CIT. LOCAL PEOPLE WILL LEARN FROM THEM

OSA OGBE
(OSA ESU)

THE JUDGE WHO IS ALSO GUILTY

It always amazes me to hear Muslims complain of Christians or Christians complain of Muslims when there is not one single thing wrong with Islam that isn't wrong with Christianity as well and not a single thing wrong with Christianity that is not wrong with Islam. It may however be to lesser degrees.

The only way Christianity can be more dangerous than Islam is that Christianity operates like corporations while Muslim clerics are like artisans and we know corporations can be far more powerful than artisans and they can therefore be more dangerous under evil leadership.

So as a religionist of any leaning, know that when you point a finger of accusation at another religionist of any leaning, the remaining four fingers point right back at you. Osa Esu.

WE WANT THE LOWEST PRICES
UP YOUR GAME, RAISE CAPITAL AND YOU WILL GET GOOD PRICES FROM MANUFACTURERS
WE DONT WANT AN ECONOMY WHERE IMPORTERS SELL WHAT COULD HAVE BEEN SOLD AT 5K FOR 15K
NOR ONE WHERE CEMENT IS SOLD AT 8 DOLLARS WHEN IT IS 3.5 DOLLARS IN NEIGHBOURING COUNTRIES THAT HAVE HIGHER WAGES.

China has taken cocoa from other countries. There is no marketable products that can't be used in that manner. It is just a commitment to sell. Not a price fix. A commitment to sell at market price

codemaniacs:
go and use kolanuts as collateral for Loans since kolanuts is more important than crude oil..

Crude oil is and will always be 90% - 95% of Nigeria's government revenue anyone that says anything else is a paid keyboard warrior and deceiving themselves..

I am not from eastern Nigeria, I am from western Nigeria and I will admit the obvious truth when it comes to natural resources..

Only resources in western Nigeria that can also generate billions is the iron-ore and bitumen and bauxite...

eastern Nigeria is the richest region in Nigeria in terms of natural resources as long as crude oil and gas remain relevant..

TOPIC- THE RELEVANCE OF ARTIFICIAL INTELLIGENCE (AI) AND ROBOTICS IN A COMMUNIST NATION.

ABSTRACT

The mandate of communism is to create an equal and classless society where people have the right to a dignified source of livelihood.
The mandate of artificial intelligence companies and Robotics as well as drones companies is to make all or as much as possible data and conclusions available easily to those who need them and to automate via robots all repetitive tasks so that jobs that human workers need be offered will be more of the ones that require thinking and not muscles or brawn

The two mandates intersect and this is why the AI and robotics industries is very important in the settings of a communist state

INTRODUCTION

I am grateful to the consortium of nations led by the USA under whose sponsorship and protection I did this academic work and many others
It is because of them that it became possible

The aim of the work is to clarify the utility and relevance that AI and Robotics companies provide to any economy and especially to a communist state where all hands are joined together and no one is supposed to be left behind

LITERATURE REVIEW

The current trend is people being paranoid about AI becoming kind of sentient and people voicing out fears that AI and robotics will lead to a loss in the number of jobs available for human beings.

METHODOLOGY

There is a widespread objection to and even agitation against AI and the main grouse of those that complain is that human jobs will be lost. They also fear that AI will become sentient by having the capacity for emotions and being capable of empathy and evil

I never agreed with the notions and whenever I could, I always took time to point out to people that cared to listen that in a communist settings, if it is only one job remaining that is yet to be automated away then that one job will be shared among the billions of people of working age on Earth. We can take turns at it
I also always add that jobs in some sectors like the academic sector can never be exhausted and people can therefore be assigned there by the government..
I held on to my position that productive jobs is something we can never run out of. There will always be more than enough to be done.

RESULTS.

I arrived at two positions

1. Full employment which is a Hallmark of communism can only be achievable via government intervention and under government coordination of the economy

2. Artificial intelligence companies and Robotics companies have a robust and very important role to play in a communist nation. Their task is in freeing up human beings for thinking jobs.

DISCUSSIONS

I came up with some positions

1. The full employment mandate of communism is only achievable via government coordination and with AI and robotics help.

2. AI and Robotics are in a class of their own in helping a communist state achieve some of its core objectives

1. The full employment mandate of communism only achievable via government coordination

The mandate of Communism which is the establishment of an equal and classless society where people enjoy a very high standard of living and have the right to a means of livelihood can only be achievable via government coordination. The modus operandi is simple. Let all companies employ the maximum number of employees they need for their operations then government will send them adhoc or relief staff as available to a degree whereby the work week will become shorter for all workers. It might be an average of three days a week and there may be adhoc/relief staff that do not resume for work per week for as many times because of expenses.

2. AI and Robotics are in a class of their own in helping a communist state to achieve some of its core objectives

AI and Robotics are the most important industries that can assist a communist state to make sure all workers have thinking jobs and not just menial tasks that are repetitive.
Therefore AI and Robotics companies should be supported and motivated to do their job of automating away as quickly as possible all human tasks or jobs that are repetitive and therefore easily broken down by a computer program. AI and Robotics will generate massive income. AI will do it by data and analyss collection cum hosting and the use of computer programs to solve simple problems in fields like accounting, coding and etc while Robotics companies will make money by designing equipments for the performance of menial tasks that used to be done by human beings as well as those that can not be done by human beings. They will put these equipments on lease or sell them

CONCLUSION

I believe it has been sufficiently demonstrated in this short work that just as communism via the free market route kind of guarantee a good outcome for the mass of peoples with no one left behind, that destiny however can not be easily reached without the full engagement of the Artificial Intelligence industry and the Robotics industry whose mandate is in the freeing up of human beings for the most valuable jobs which are thinking jobs.
Thinking jobs are the most important jobs and the industries that makes more people available for them are the Artificial Intelligence and Robotics industries. The governance or economic model that creates the structure to have more of them is communist (The free market route).

References

The mandate of communism as deployed in the old USSR

https://www.investopedia.com/terms/c/communism.asp

The advantages of Artificial Intelligence

https://otrs.com/blog/ai-automation/benefits-of-artificial-intelligence/

The Robotics industry

https://www.lxt.ai/ai-glossary/robotics/

codemaniacs:
stop saying rubbish..

Nigeria's economy is based on Crude oil from eastern Nigeria.

the eastern region is so rich that its natural resources is what's keeping 36 states in Nigeria afloat thanks to the fuulishness of ironsi, Nzeogwu and ojukwu..

if the eastern region did not fuulishly and stupidly kill the leaders of the other regions and abolish regionalism regions then the eastern region would have been ahead of the other regions by far..

Ojukwu did not see anything that's why him, Nzeogwu and ironsi were so fuullish to attack other major ethnic nations and abolish regionalism.

Ojukwu, Nzeogwu and ironsi had zero-ECONOMIC acumen...

Your crude oil is adding less than 15 times what kolanut adds to the economy. If you mean government revenue, it is now less than 25 percent at federal level without adding other tiers of government that have revenue

1 million tones of lithium can build a 3 kw battery for each of the 2 billion house holds we have on Earth

We have on Earth 28 million tonnes of lithium that is extractable presently and around 150 million tonnes in total and we have around 2 billion households for 8 billion people

If every household has a 3 kilowatt lithium battery then they can cook with solar at home for 1.5 hours a day when the cooker starts off with its battery full.

If they have a 6 kilowatt battery they they can cook for 4 hours.

They can also store power for sundown with the battery and we would not have used more than 2 million tonnes of lithium.

Therefore each home having a lithium battery for sundown and even cooking can effectively put an end to fossil fuel of all kinds on Earth

TOPIC- RESOLVING THE ENERGY ACCOUNTING IMBROGLIO IN NIGERIA

ABSTRACT

Accounting is the soul of any enterprise or even undertaking and the lack of the expertise is one of the common reasons many startups don't get to become conglomerates.
It is important in one's personal life, family, business, relationships and etc. You need to periodically take stock. You need feedback and control. You need to know how far you have gone on your journey to where you set out for and accounting is the main facility for that in any field of human endeavor or sector of the economy and there is a lack of it in the electrical energy sector of Nigeria

INTRODUCTION

This is a short work. One of the many I am chanced to do because I am under the protection of a US led consortium of nations. It was first the US alone then the US and Russia then the US, Russia, India and China then all the good people of the world. They deployed their massive resources and neutralized over thirty assassination attempts on me starting from 2006 having caught me on their radar six years earlier. I was writing and people who didn't like my output deployed their resources against me and they were all neutralized

It is because of that benevolence that I am able to do this work of analysing the energy accounting challenge of Nigeria as well as many others.

The lack of energy accounting in Nigeria is a major challenge and this work is to try and cut through it as good accounting is much needed to monitor progress

LITERATURE REVIEW

All over the world, power generation and consumption is monitored and the more organized a country is the more meticulous it's energy accounting.

METHODOLOGY

I observed that in Nigeria which was the largest mini power generator plant market on Earth before the boom of the Photovoltaic farm industry, there is no account for the majority of electrical power consumed in the informal industrial sector as well as in the residential areas.

I also later read a report online about the percentage of local electrical power generated in a country that is consumed by residential consumers and Nigeria was an outlier at over 50 percent. A country like India is 21 percent while the global average is around 30 percent.

I then decided to determine how to do proper energy accounting in the country

I used some assumptions to estimate a more accurate energy consumption figure for Nigeria as against what was published.

The assumptions are

1. Not all electricity consumption in Nigeria is captured whether in industry or in residential homes

2. The actual percentage of total energy consumed by residential consumers in Nigeria will be lower than the global average instead of higher that the data says. It will infact be lower than India's and the reason is that industries go all out to generate power for production when they need to because it is a for profit venture while residential consumers do not. They generally make do of whatever power they get when it is their turn. I therefore think it is reasonable to reckon that if global average for residential consumers is 30 percent of total and India as a stand alone has a percentage of 21 percent then the Nigerian percentage should be in the neighborhood of 15 percent or less.

RESULTS

Inferences from local reality and global trend.

1.Total energy consumption in Nigeria is significantly higher than the published figure because the informal sector is not well tracked

2.If we assume residential consumption of electricity in Nigeria is around ten percent of the total instead of the 50 percent quoted or published, it will mean that actual energy consumption in Nigeria will be at least 500 percent of the published figure and 555 percent if ninety percent of what was published is actually installed capacity

Proposal on how to standardize the national energy accounting system in Nigeria to not miss any power input or consumed and without rocking the boat of all those who generate their own power.

1. No one using PV farms or any other power installation should be disturbed. They should rather be given a long enough time to adjust

2. More companies in the private sector should be licensed as electricity distribution companies and they should be the only ones licensed to connect any electricity consumer to electric power. It can infact include all sorts of power and it should be illegal to use electricity anywhere in the country without passing it through a branded meter of an electricity distribution company that will own the meters and charge connection fees. A power generation company can also be a distribution company.

3. Owners of private PV farms should sign distribution contracts with distribution companies and they should register their PV farm or other plants with the relevant government agencies too if the capacity is above a certain agreed upon threshold of capacity. They should be connected via a prepaid meter to their own power generated by them for proper energy accounting and they should be able to claim back from the distribution company up to 95 percent of what they paid in.

CONCLUSION

The proper accounting of the energy sector in Nigeria should be standardized as it is in other countries that are more orderly. No generation or consumption of power should go on without being tracked and entered into the data base.
Energy accounting is important. The more you use, the bigger your economy or GDP automatically. The faster the growth rate of energy consumption then the faster the GDP is growing as well.
A table of energy consumption by country is a table that actually represents best the comparative GDP size if the standard of living of the two countries being compared is the same and they use energy for the same things.
Two countries in the same region using a similar amount of energy per annum are probably similar in population, equally organized and equally prosperous. Therefore energy accounting needs to be taken seriously

References

https://en.wikipedia.org/wiki/Energy_accounting

Vision101:
Lagos contributes 33% of Nigerian GDP. Which country will survive such a loss?

Lagos is around 13 percent of the population. It contributes up to thirty percent of GDP because of higher cost of living. It contributes VAT, CIT, PiT, Customs etc to Nigeria and when added together it should be close to 40 percent of FG revenue presently
If it removes itself from Nigeria it will be a country of around 25 million that is prosperous and Nigeria's revenue will shrink by almost half. It will shock the FG but they will turn to other parts of the country to block the leakage. They can double VAT by removing the minimum revenue required for a company to file. They can double CIT the same way too. So the reality is it will shake Nigeria but it will also change Nigeria by force

slivertongue:
Lagos isn't the Niger Delta that feeds Nigeria

Niger Delta oil money is now less than 25 percent of federal income. How is less than 25 percent of income feeding Nigeria? Then there are some states with igr more than allocations.

ODI OWONRIN
CASH IS NOT A RESOURCE.

It was cast for three friends.

They were given the same amount of money
A used his money to build a house
B used his own to buy equity in a well known company
C saved his own in a high interest savings account

On the day the government flooded the economy with new bank notes

They were advised to sacrifice
It was A and B that remained behind to sacrifice. C listened to the ritual items but did not comply
When inflation caused by the new money landed properly.

A had a house
B had stock whose value could buy a house and C had money in the bank that could not lay the foundation of a house

Onlooking people of Po and Offa!
Cash is just a medium of exchange. IT IS NOT RESOURCES. Get rid of it as soon as you are able to.

Sheuns:
Do you know that in 1955, Nigeria was still under colonial rule? Do you know that revenue distribution was done strictly on what every region generated? May I ask what files or link do you have to back these figures you quoted each region generated in the said year? The highest contributor to the national revenue during the British rule was the Lagos colony. And the Lagos colony was a standalone colony from the Western Region?

The Lagos colony contained maybe twenty thousand people early in the 1900s. By 1955, the population would be less than the population of say Iwo in Osun stare

Check the references I attached to my submission for the backup of my claim

Not being straightforward is always because of money


The proverb in Yoruba says San an laarin aje ni mu ni pekoro

I think it means literally. 'All our paths are straight paths and all cutting of corners is because of money'.

Is this always true?
If true, then the question will be for how much money?
The question of for how much money is what shows clearly the proverb is not a universal truth. It may be true in the average case though.

If it is all about money, then it should mean the average person will bale out at one point when they know they are wrong. This does not always happen

The proverb does not explain big private jet owning Pastors sending hired assassins after someone that looks to them as fathers because the person is posing serious questions on social media and etc that can torpedo religion even without firing a shot at anybody. You hear a question and you know it can erase your industry but you have made enough money to last you several life times and if the proverb were a universal truth, then the Pastor would bale out at that point with the money he already made

So if most Pastors are not in it for money, what exactly are they in it for?
If also per chance, the problem was they had not yet made enough money to retire, how much money then can be said to be enough for someone to stop spreading what they themselves do not believe? It is logical to say Pastors paying assassins to go after someone that did no wrong do not even believe in God's existence in the first place

Could it be there is some kind of food in it not obvious to us mere mortals?