₦airaland Forum

Like Dangote, Like Elon Musk.

Until we put a stop to an economy that is creating so much wealth for one segment of the society who choose to borrow from the future while leaving the other segment stucked in an increasingly impoverished present, I’d take all our economic theories as a laughable joke.
There are new rules

Dangote o l’ori meji!

Give me $1bn and put me on a level playing ground with these guys and leave all those dollars has gone up, inflation, pandemic stories.

Remember I said this:

That someone, somewhere do not only have power to raise their price, they’re also in a position to make it stick.

I’m so worried about the future of this country because we can’t grow this way.

Our markets and economies are getting the result for which it was designed for. That’s why it’s pretty easy for a man to move from $25bn to over $200bn in less than 12 months.

@topsy23

Pls do you have any idea where I can get Celec power controllers or products in Nigeria?

I’m looking for this single phase breaker saver. I can order online but I’d really love to have a feel of the product or talk to a technical person.

rmx:
Don’t know why you keep harping on this dangote issue

You have deliberately refused to acknowledge that building materials inputs are more than cement , dangote or other cement players are not responsible for increase in iron rods , aluminium roofing , pop cement , locks, doors, windows, wires , fittings , tiles , sand , granite , and virtually everything used in building

Oh... This actually implies there’s a Dangote in every sector.

What’s happening in the housing sector is demand-pull inflation. This explains the reason why it took several months after cement has gone up for nail, planks, marine boards, steel, tiles, granite prices to go up.

Inflation do not happen by magic. It simply happen when someone, somewhere make a decision to charge more for the good or service they sell.

That someone, somewhere do not only have power to raise their price, they’re also in a position to make it stick.

Now it doesn’t matter whether the goods they sell is bought by everyone or just a few segment of the market.
For instance, though I live pretty close to a cement plant, the quantity of cement bought in my neighborhood is nothing compared to what’s bought in a place like like Lekki, Lagos but when the price of cement go up in Lagos, it sends a ripple throughout all related products in the market in neighboring communities.
We are not buying cement at higher prices because it cost more to produce it, we are paying more because Lagos is paying more.

Business owners can deliberately withhold supplies from the market, allowing prices to rise to a favorable level. This has nothing to do with a corresponding increase in production costs.

The only part we keep missing is that we chose to believe inflation happens everywhere and when it happen, it’s simple economics.
Well, it does but we must also know that market power can drive up cost without worries.

I read a lot about how OPEC’s deliberate attempt to grab larger income share in the 70s and 80s led to economic downturns in the 70s.
If you ask me, no one in my household buy oil in barrels but the effect of OPEC’s deliberate cutting of supply led to increase in price of all petroleum-related products including transportation cost.

There’s a Dangote in every sector!

jabolo:
Louvres used to be ubiquitous sometime back and still present in some old school buildings.

Incidentally, has anyone here ever done a wholesale conversion of all louvre windows in a building to the modern casement type?

Eager to learn what to look out for, and, I might have such a big job shortly. Thanks.

I’ve not but I’ve seen people do it and I’ve also some unique louvre design ideas in modern builds.

We’ve also discussed this here few years ago and I remember sharing this link
https://www.youtube.com/watch?v=5V29B9fsuQU

KolaShangOne:
I quite agree. The inflation in Nigeria is crazy but there's also a worldwide inflation most likely caused by downtime due to covid.

Factories shut down, reducing supply. Demand stays constant. It leads to a squabble for the available goods, which leads to price increase.

Steel price is almost double, from 265 to 440k. Goodwill tiles used to be 2500 now it's 4500..

All these are not caused by Dangote's perceived oligarchy.

He he!!!

The growing rate of imbalance between the wealthy and the rest of us is a reflection of how public policies are formulated to be more responsive to the preferences of the wealthy.

If we keep assuming Nigeria’s economy is something you can read up, you’re missing it completely.

As we are quick to mention the increase in prices of raw materials because of higher demand (higher productivity), inflation, pandemic etc we should not forget that the wages of over 80% of the populace have remain stagnant.

I’ll also not forget to remind us that corporations have become larger, more powerful, and more profitable within their less competitive market sectors, which has led to higher prices and zero innovative businesses, lower wages, and less worker autonomy.

Until we tackle and rebalance the extreme concentration of economic control in the hands of a small number of corporate and financial organizations, this problem will remain with us for much longer.

By the way, who do you think the newly proposed N380/ltr petroleum price will favour most? Nigerians or a Nigerian!


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Chairman, don’t forget to post your 60 months not 6 months profit like your fellow Nigerians below.

What could be the problem and the likely fix? Please share with us https://www.kobocity.com/d/236-water-issues-what-could-be-the-cause-of-this-problem-and-the-major-solution

erico2k2:
the ones b4 aluminum

Well, let’s hope so!

rotecch77:
This gate looks very good.
Well fabricated I must say

Thanks bro!

It seems I should be sharing these small small side hustle o.

That’s how someone just sent me N2k airtime this evening for the paint job done on the gate.

Thanks to the anonymous Oga who showed me love! I have more nicer pics to share o.
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Paint Colour: Smooth Finish Matt Black

erico2k2:
lol Well, I think in the real market, just look how windows changed!

Window changed? From what to what?

Has anything else dethroned Aluminum?

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The only Window change that I know of is Windows95 to WindowsXP

erico2k2:
This will take over POP soon

Maybe in the kobokobo market.

sonnie10:
When it comes to pictorial details, I learnt my lessons long time ago. Then, when I wasn't prudent with money, I used to buy a lot of designers shoes from online stores in Italy. Some of them, for one reason or another, I would end up not wanting to keep. These were expensive shoes, some I spend almost $500 to buy them. If they are too tight or too loose or don't fit my personality, I don't use them. What do I do? Returning was not a good option as I would have to pay expensive return shipping for international returns.

My best option would be to list them on ebay and even make a little higher than want I bought them for. This is where I learnt the importance of complete, detailed, all angle pictures. Because of certain policy, if a customer complains and it goes into dispute resolution, if it is the sellers fault, then the return shipping is on the seller. Same thing if the fault is from the buyer or the buyer just want to return because they change their mind. So some buyers were taking advantage.

It happened that I had sold this beautiful suede boots to this guy on the platform. He wanted to keep the shoes and claim that it was faulty. He went and poured some white powder on it and uses maybe a washable marker to draw some marks on the shoes to make it look bad.

Unfortunately you didn’t take picture of the shoe from all angle

I really love this policy.

jabolo:
All well and good but a little anecdote to share.

In the UK, you currently need to consult a specialist insurer to purchase building insurance if the percentage of flat roof to total surface area in your roofing scheme is greater than 30%.

They even use Google Maps satellite view to calculate the thing so one cannot even lie in peace again, lol.

I'm having to deploy pythagoras theorem and advanced geometry in a current dispute with one insurance company regarding a family member's insurance claim.

I agree. I read about most of these things in Zurich Insurance Technical Manual.

n3xt:
The same applies to concrete roof. My concrete roof hasn’t pose a single problem over 10 years of its installation. And we never had to apply any treatment on it. No felt. No waterproofing solution.

Just a gentle slope to direct the water off the slab.

Simple as ABC!


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A good design transcend time.

What do we really say is the problem of flat concrete roofs?

This is my 10 year old flat concrete roof. No issues.

Forget those black spots. I can get the slab cleaned in 30 minutes.

________

The slab was screeded and there’s no sign of water issues.

________

I decided to clean off the black spots and crest nairaland logo on my dirty untreated flat concrete roof but rain won’t let me complete the cleaning.

I test everything and hold on to that which is true.

Roofs don’t leak because it is flat. It leaks because it is badly installed.

Jalofun:
Hello sir, am not an engineer or architect ooo.. Is my personal build with the coaching am receiving here as a silent reader from my ogas like spyder, next, egunmogaji, rottech.. I'm really tapping from their experience and their explanations. May God reward them abundantly.
I'm not around.. But i can help with the information on how i did mine.

Nairaland Society of Engineers (NSE) come and see how one of una student dey deny u for open market.

EgunMogaji2:
Show the backside.

I had to work with the guy to ensure he give me the type of backside I’d like to see on that gate.

Otherwise, he’d have given me a back like the one in the pic below.

So I understand why you’re asking me to show you the backside sir.

EgunMogaji2:
Show the backside.

I don’t have much of the backside pics now but there’s really not much difference between the front and the backside.

The difference is just the design in the lower part. We ensure the back plate is well laid and welded to hide the imperfections along the seam lines.

folmus:
I can testify to this in our ' plain and chequered' discussion.

That’s just me. I won’t want to assume you know the difference or force my ideas/designs on you.
I’ll try to make you understand the difference and what you’re getting before anyone of us make commitments.

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Pics - this is a single-sided door. Looking great. If I don’t show you a padded double-sided door, you’d think this is it.

folmus:
I think he is referring to designs on both sides.

Yes I know. Even though I don’t use the steel door that much, I know a double-sided design.

That one he posted is a single-sided door.

Just knock the door and hear the hollow sound.

The essence of the picture updates is to ensure everyone (client, supervisors and contractor) is on the same page.

During painting and final installation, all the sides were shown too.

megacontrol:
Hello,

You’ve mentioned multiple times in your responses that she got daily progress updates, one question only….

Did you at any time show a pictures of BOTH sides of the door? Either the sample she selected or hers during work-in-progress?
Like two pictures of the same door, one showing the designed front and the other showing the plain back?

I’m picking a very good lesson from this. Even though it is something I normally do but I think I’ll make it a “standard operating procedure” moving forward.

Here’s something I did in 2019 (sorry 2020) and the update pics sent to my client.

Just sharing for learning purpose.

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Pics showing all the sides and add-ons of the gate during construction.

igwedehxy:
This is not true. Infact most times both front and back have designs. Below is one I did 3years ago for less than 35k. Pardon the paint stain on it. They just finished painting

This one is way cheaper than what was done.

[quote author=Jalofun post=104718769][/quote]Oh... I also saw this in Ibadan 2 weeks ago. It’s not POP, neither is it asbestos ceiling.

rotecch77:
Use screw driver to unscrew this circle part red/blue “key cylinder” will come out,then buy another “cylinder” and fix it back the way you unscrew it earlier

Agba!! Just imagine the simple fix

Tobichuks08:
why i no see this post on time
I just spent 5k to fix this oh poor me

You just paid N5k to acquire experience. Thanks for sharing your experience with us.

Tobichuks08:
Please someone should help me, I locked my house yesterday night and slept off wake up this morning unlocked it, as i was trying to pull the key to step out the key became stiff and i tried pulling it i noticed something fell off..
Now the key is stucked to the door and any advise on how to go about this builders?
Its seems i may have to change the locks but my question is how to go about it..

It’s a local steel door right? You may need to call a welder because of the circled part below.

rmx:
Prices are rising simply because of inflation , devaluation and more adverse business conditions . I do agree however that some are taking advantage ,oligopoly in the cement industry has been there for a long time, dint start in the last 5 years

My point exactly.

The rich people can do things to get even richer during inflation. For example they can borrow money to fund projects or buy real estate (lands etc).
They can reduce some of their product sizes (Dangote Sugar) to stay afloat in the face of inflation.

The poor have no choice.

gbadexy:
Thanks.
I didn't know you handled the project. A silent member made the referral and told me of his wish for him and others in his sphere of influence patronize me.
A very big gratitude to those who make life better for others here. You are all appreciated.

Sashhh!!!! I’m only a consultant on that project and my job is to make things work.
I’ve seen many people play this role and the only thing they knew is to find fault.

Your client, my friend and a brother is 100% the opposite of my client that I shared his story few days ago.

When he approached me in January that he wants to start this project. He said “I’d like you to work with me.”
He didn’t try to play on my intelligence. He needed help in many areas and I offered him all the necessary support without holding back anything.

He wanted me to share some cost-saving strategies with him and I did and show him how to achieve more with less.

Make I no lie, him buy me fish and stout and we go clubbing

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6 months later, our 30 flats multi-dwelling project is done!

Guess what? Your client is a first timer but a very good guy with a very large heart.
I’m not surprised this project was completed in record time.

Congrats to our so so silent client!

More wins @gbadexy and Regal paints.

n3xt:
Amazing!!! 60 Columns in 2 Days


https://www.youtube.com/watch?v=00J8qMpdqh0

- No Carpenter or special casting crew
- No Special Skills
- 5 men only
- Reusable shutters
- Deshuttering done in less than 48 hours
- No wastage

Project: 30 Flats - Multi-Dwelling Unit, Bariga, Lagos

Good to see this great project coming to a close.

@gbadexy I see you Nice paint job!

rmx:
What’s the connection ?

Someone is broke and we (I mean everyone) are paying for it.

Sir, I’m sure you know this.

When prices rise, low and middle-class families pay. Wealthy families profit.
This is currently happening in Nigeria without damning the consequences.

The powerful players are hiking prices of commodities to maximize their profit and as a result household incomes are transferred from the poor and middle class to the wealthy.

If I may ask, what exactly is the reason for the increase in the price of cement in Nigeria?

I live just few minutes away from one of the oldest plants in the country. I can debunk all myths in split second.
It’s not like they increase workers wage, bought new equipments, or ran out of raw materials.

It’s pretty easy for the big players in Nigeria to set monopolistic pricing that takes a bite out of every income group’s share of our national income in a bid to survive takeover by AMCON, with the exception of the top 10%, whose incomes rise.

Baba you won’t understand because you fall among the TOP 10% whose income rise or you may understand and just say “What shall we say unto the Lord?” because you did nothing wrong and you’re just lucky like every other top 10% who are a beneficiary of the wealth transfer.

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Pic - FG protecting the interest of the super-rich at the expense of the masses.

Now, it’s beginning to make sense - the whole building materials price increase thing.

EgunMogaji2:
You this Man

In 2019, I learnt a new word from the Global Leadership Summit, a world-class leadership conference hosted by Willow Creek Association, United States.

The word is coined from the phrase “Good Enough To Move On” - GETMO

GETMO is a valuation of resources required on a project compared to the return on the investment of those resources.

When we work on a project, it’s so easy to throw more time, more money, or more resources and concentration at it because naturally investing more would naturally bring in more returns.
However, at some point, investing more will reach a cap limit and your curve would start to level off or even drop.

That’s the point you need to GETMO.

Every project manager needs to find that sweet spot where you get the greatest level of return for the investment you make in time, money, and resources.

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So I always aim for that level where I can get maximum impact for a sustainable amount of investment, hit the target and move on.

Kobojunkie:
God no call any man pastor or Shepherd over His sheep, so leave that one aside and focus.

The man is a man like any other man. Na una dey carry dem put on top of pedestal for una own eye.

You’re right!

A man with dick-tionary preaching while preying on the sheep.