"but first the PERCEPTION of how to go about it must change we must come down to earth.



Hi Guys,

There is one common factor I have noticed with Nigerians, as a people we like the best of everything (no problems with that, it’s only human to be that way) and too quickly. In other words, we'd like to run before we can even walk. Nuclear Energy!!!!!!!!!!!!!!!!!.

For starters, Nigeria as a country has only the Banking, Public, Mobile (last 6 years) and Oil and Gas sectors to provide gainful employment to Nigerians and we're talking Nuclear energy, who's going to work there? IRANIANS! We haven't even produced enough academics (Professors, Doctors, etc), with the right outlook on issues concerning the country, to power our economy forward gainfully, we're talking about Nuclear Energy. Nigerians don't even know how to be good enterprise leaders let alone run a nuclear facility. 

Realistically, we cannot even afford it. The WEST or whoever is going to build the facilities will happily take the money though. Then it'll end up like another "AJAOKUTA" because the WEST would have moved on to producing power from WATER, by harnessing HYDROGEN. (This is already being trialled in FINLAND and their target date is 2009 or thereabout) by the time we “wake” up,the world would have moved on to a cleaner and more environmentally friendly alternative. 

In Deptford, a small area in the South of London, there’s a small power plant that uses waste from all over London to produce power to an area the size of Lagos Island. So what are we talking about? Are we going to want to go JUPITER next, when we can’t even tar a road without it falling apart as soon as the rainy season sets in?

SO realistically, how does Nigeria move forward??

Guys there is  a lot of work on our hands, the generation before us have really let us down, and I will not want us to fall into that same trap by thinking up grandiose “AJAOKUTA” type ideas that are just not practical (YET) in our times. WE HAVE TO START FROM THE GROUND UP. A FRESH TEMPLATE IS WHAT WE NEED.

Has anyone bothered to ask why there aren’t any Nigerians in the annual Forbes rich list published in the US? I'm sure there are a few Nigerians that will comfortably make the list.

Well, it is because going by the GNP (Gross National Product) and GDP (Gross Domestic Product) of the country, Nigeria shouldn't even have any millionaires let alone billionaires.

Put simply, because Nigeria is not generating enough business outside the public and Oil and Gas sectors transparently, Individual wealth becomes difficult to measure. All the money generated by the country (Public Sector) is mainly from Oil and Gas, right, some of this money is "stolen", some will be used to pay public sector employee salaries, some distributed to the states and the rest will probably end up in the Banks for safe keeping.

Now for the banks, they either generate income from the deposited funds from the interest and transaction charges or by using it for Foreign exchange transactions from which they'll also generate income.

But the banks are supposed to invest some of these funds (as loans) in viable projects in the private sector, so as to enable the small business sector but this rarely happens as unfavourable terms prevent businesses from taking up such Loans. And the banks are happy to continue “making money” via foreign exchange dealings. (Hence the reason the sector had to be cleansed)

So it begs the question, if there aren't any private sector initiatives, do we really have any business gurus we can be proud of, Men/women of honour that started their businesses from scratch and are very successful today. Or why is it that a Man that started his business off the back of "kickbacks" from Government contracts can never sustain the business while alive and in Death the business dies with him. (Now, do not get me wrong, there are businesses out there that are trying their best  however they are few and far between)

You want to know why? Because he did not learn the trade from scratch in the first place, he did not sweat to make that first million, it was dropped on his lap. I have heard the likes of Warren Buffet (one of the world's richest Men) and Donald trump (a successful Real estate guru), both Americans speak and they always speak of hard Graft and a little bit of luck makes a successful entrepreneur. How does one Man (Warren Buffet - the Sage of Omaha) achieve this status? I can tell you, with Brains and not political connections, because you do not need connections when you’re picking shares to buy. AND this is the sort of empowerment we need to create for Nigerians, an environment that is not entirely dependent on the sectors I have mentioned above.

Chairmen and MD’s of Nigerian banks, the so called HARVARD, LSE and WHARTON MBA’s should know from their time at the Great institutions that funding private enterprise is the only way to grow an economy, that is if they were interested in growing the economy in the first place.

Let me explain. You see in the UK, I remember in 1988 at the height of the recession, unemployment was rife, the only Job most Nigerians could get then were public sector if u could get it, cleaning, fast food or sales assistant jobs in retail shops on the high street or as Nigerians preferred- mini-cabbing.

At the same time, the economy wasn’t strong and it was quite evident all around you, if you went to the so called poor areas of London then, there were a lot of empty run down properties, the areas were dirty and there was gloom all around.

Then another stock market crash came in 1989, further worsening the situation which eventually led to the resignation of Prime Minister Thatcher.

Now, the change that has happened between 1990 and now, for me, has been mind blowing and it all started when the Labour government came to power in 1997. The transformation was so clear that today I drive past areas that I had been to in the late ‘90’s as a young fellow partying and visiting friends, and they are just so unrecognizable, entire areas or dilapidated buildings have been regenerated. I mean, can u imagine transforming an area like Mushin (this is an area in lagos) to Ilupeju (another area in Lagos) not too far off from each other or Ikoyi in your lifetime. It’s amazing, I remember in 1997, I went to the now popular area of London called the DOCKLANDS where in the early ‘90’s they were practically begging people to come and buy houses/flats there, a brand new three bedroom flat cost about £50,000 then, in today’s money it’s now worth £500,000 or more . Now this is just one part of London.

How was this possible? Well the labour government empowered local enterprise (House building companies, Big supermarkets, Local businesses, etc)  by introducing policies that did not just benefit the companies but also the general public. It is called the public private enterprise partnership. And with the rule of Law in place such partnerships thrive, owed to the guidelines that come with such partnerships.

EXAMPLE:

When a big superstore wants to go into an area for instance, the govt might be in support of it not just because of the revenue the govt is going to make from the business, but also because of the regeneration the business will bring into the area, like jobs, new roads and any other infrastructure that will benefit the people of that area. The govt could ask them to provide say a play centre for mothers or a gym for those who want to keep fit. And in turn the govt lowers the business’s tax burden for an agreed period or gives them incentives that will allow the company to do the same in other areas. Now by doing this, the govt is indirectly placing the responsibility of job creation and community regeneration on big business and THIS IS WHAT WE NEED FOR NIGERIA.

The Nigerian government needs to give businesses incentives that will allow them operate effectively, low duties on certain imported goods, (goods like IT, TELECOMS, MANUFACTURING, FARMING, HEALTH equipment that will benefit the society is a perfect example).

For the NIGERIA of today, it is not the top end jobs that are going to show growth, it is the working class jobs that will grow the economy and it is only the enterprise sector that can do that, but first the PERCEPTION of how to go about it must change we must come down to earth.
So the SECTORS of the economy that need empowerment today are in my preferred order (we have enough doctors, lawyers, etc moreover they can’t run businesses anyway):

1. UTILITIES- Light, Water, Gas
2. HEALTHCARE- Clinics, Hospitals, Healthcentres
3. EDUCATION-
4. FARMING
5. CONSTRUCTION
6. INFRASTRUCTURE development
7. CRAFTMANSHIP – carpenters, artists, etc
8. MECHANICAL Industry – Cars, Planes, etc
9. IT/TELECOMS
10. FASHION- Hairdressers, Barbers, Designers
11. and many more, the list is endless really.

These are the sectors that will take Nigeria into the Future and must be oiled by the Banking industry.

TO BE CONTINUED………………………..

In my next offering I will go into the “HOW” of the sectors I’ve listed above.


CEO
www.neticash.com


some important points are also discussed in this thread https://www.nairaland.com/nigeria/topic-867.0.html

This whole milliondollarhomepage idea (Brilliant Idea) scenario cannot work effectively in Nigeria without a good electronic payment service. Alex Tew was paid using paypal and nothing else, and hey presto the rest is history.

So if "TONY MUSIBAU" in Nigeria comes up with a "millionnairahomepage" idea how is he going to get paid. How will he collect his funds or millions.

Let's look at the big picture here. The only way it can happen is if he uses Nigeria's Premier ONLINE PAYMENT SERVICE, NETICASH.

NETICASH is a service that allows individuals and business to send and receive money online world wide. All you need to do as a buyer is register and load your account at any of the STB branches in Nigeria or Barclays bank in the UK  or PAYPAL worldwide.

As a seller, register, integrate the NETICASH payment tool with your website example: http://www.swap-ng.com/buyonline.html. So that NETICASH buyers can pay you seamlessly. Then you'll be on your way to the million naira goal.

Now, thus far there aren't any Nigerian Based website that can collect money seamlessly from it's customers via the internet.

Well, NOW there's NETICASH. Give it a go and be on your way to enjoying the Alex Tew experience.


Comments are always welcomed from people who have tried the service, 'cause this always shows that the person knows what they are talking about at least.

Thanks

NETICASH Mngt

www.neticash.com

NETICASH Introduces free text messaging to all the Networks in Nigeria. You can send text messages to MTN, Glo, Vmobile and Mtel subscribers for free.

All you need to do is register then log in to your account to begin to enjoy free text messaging.




NETICASH Mngt

www.neticash.com

In Nigeria Debit cards that are directly attached to your account, not too sure it will work, YET. Can you imagine what will happen to your account if a thief gets hold of that.

And when it comes to credit cards in Nigeria too, that is for a select few. Those in the upper bracket of the society. Why? because there are conditions attached, more like a collateral. And what about the charges, hmmm, very prohibitive and guess what when you spend a VISA or mastercard who makes the bulk of d money or should I say where does the bulk of the money go, well you guess. And what impact does that have on our economy? well you guess again.

On December 1st, NETICASH will be launching a service in conjunction with its partners, that will allow Nigerians all over the world to buy MTN, Vmobile, GLO, and Mtel PINS via the Internet, and have the PINS delivered instantly to the email address or Mobile number of the recipient.

Also in the very near future you will be able to pay your electricity and water bills, university and exam fees, etc using NETICASH from anywhere in the world. So Nigerians abroad instead of using Western Union, and lose money on charges and exchange rates will be able to pay the naira equivalent of say for example, exam fees, in the currency of their abode (£, $, EUR) and the conversion is done realtime.

For example, If you are a UK based customer, the £ amount will be shown on your statement, and for the WAEC exam board, Naira will show on their statement.

If NAIRALANDER's feel there's a compelling service that they would like their customers to pay for, they can also use NETICASH to collect payment from their customers anywhere in the world.

THIS IS THE DAWN OF A NEW ERA FOR eCOMMERCE IN NIGERA AND WE WANT NIGERIANS TO JOIN US IN MAKING THIS A SUCCESS.

So EVERYONE start registering TODAY (http://www.neticash.com)because we'll be offering massive discounts off the Mobile recharge cards of all the NETWORKS the whole of December. Get a feel of how d service works and we want your feed back and more.

For more info send me an email at info@neticash.com

Well everyone seems to have made their point. However, you all seem to miss the big picture. Check this out! Whether we like it or not, Nigerians in the UK send money home to their relatives, and by Western Union's analysis about $4billion was sent by Nigerians across the Globe back to their relatives in Nigeria in 2004.

So by introducing a service like this MTN is just saving Nigerians the cost of sending the physical cash via western union. (example: for every £100 you send they charge you about £14, plus the pay out will be at the bank rate, not the black market which is what Nigerians prefer). So the idea is just about saving Nigerians money, and Nigerians are actually buying the cards.

NICE. But how do you build trust?


http://www.naijaryders.com/forums/showthread.php?s=&threadid=119805

Please can anyone tell us why a Nigerian is yet to make a financial success of the Internet. And NO, it's not because of Low Internet penetration in Nigeria. Nigerians in diaspora make up a huge market for a potential Nigeria based online business. So what is the problem? Is it that we like easy money(from Govt. contracts and 419) or what? or that we do not know how to run a proper business (no business continuity)?

Yet so many of us are turning over millions for Top notch IT firms, financial firms and public sector organisations, from the UK, USA all the way to Australia. So what is the problem?

If we cannot answer these question, then we have a long long way to go.

E.J.O
neticash

NETICASH Goes Live !!!!!
London, United Kingdom 19th of September 2005

We are proud to announce that NETICASH™ UK and NETICASH™ Nigeria are going live with their e-money service on Monday the 19th of September 2005. NETICASH™ has come a long way since February 2004 and today we ask you to join us on the journey into the future of e-money services in Nigeria.

What is NETICASH™ ?

NETICASH™ is a no frills no thrills e-money service, "that does exactly what it says on the tin". It is a pre-paid payment service that has been specifically designed for customers, in emerging markets like Nigeria, who do not have access to credit or debit cards. It is a micro-payment solution intended to allow prospective internet businesses (e-business) to accept payments online, it is based on our proprietary pre-payment technology that guarantees seamless, safe and secure transaction processing between the online store and NETICASH™ cardholders.

NETICASH™ is not an off-the-shelf product, it is a proprietary product hence it has an identity and is more secure. Our in house team has been working relentlessly over the last 18 months to design a product that will meet the specifications of this particular market sector and we are proud to say that we have done it.

*SELL ONLINE FORMS AND COLLECT PAYMENTS USING NETICASH™ *

At NETICASH™ we know that perfection takes time and hence we believe we have finally arrived with a product that is second to none within the emerging market sector.
NETICASH™ was born out of the fact that none of the major credit or debit card companies approve their services for use in most African countries, because most business cannot be verified for authenticity. Hence a huge market has been left untapped for years, leaving potential customers performing transactions through friends, or friends of friends that carry credit or debit cards.
*SELL PIN RELATED PRODUCTS AND COLLECT PAYMENTS USING NETICASH™ *

How does it work?

Basically, upon the launch of the service, you will need to follow the instructions as set out below:

1. Go to http://www.neticash.com and click on sign up.
2. Fill and submit the application form.
3. Upon submission, you will receive your NEW account number at your registered email address followed by a text (cardholders only) message with your validation code and PIN number (this PIN is required for your mobile transactions).
4. Go to your mailbox and click on the link provided in the welcome email to complete the registration process.
5. Upon successful registration, go to any of our partner banks and credit or load your account with funds. In the NAME field of the paying in slip, fill in your NETICASH™ USERNAME
6. Upon receipt of funds, (normally within the hour). You will then be able to start using NETICASH™ 's services.

*SELL NEWSPAPER AND MAGAZINE SUBSCRIPTIONS AND COLLECT PAYMENTS USING NETICASH™ *

Where Can I Load my account?

You can LOAD your account as follows:

In the UK:
Barclays Bank
Hayes Branch
SWIFT: BARCGB22
Account Number: 504285558
Sort Code: 20-38-83


In Nigeria:
Standard Trust Bank
Account Number: 002-000-165-82099

NB: You will need to fill-in the banks' paying in slip with your NETICASH™ USERNAME, as it is on your NETICASH™ account. Your NETICASH™ account will be credited within the hour and is subject to terms and conditions.

* TAKE PARTY BOOKINGS, HOTEL RESERVATIONS, TAXI FARES WITH NETICASH™ *

What type of account can I have?
If you are a business and you want to be able to collect money from customers who patronise your website, you register for a Merchant account and if you a not a business and you want to be able to buy from any of the registered Merchants you register for a Cardholder or Personal account.

What are the features and benefits?

NETICASH™ allows you as a cardholder to make payments directly to NETICASH™ merchants from your mobile handset, using your mobile’s built-in text editor and online via the NETICASH™ online payment transaction interface. NETICASH™ also allows cardholders to make money or fund transfers between accounts online or via your mobile phone using the built-in text editor.

Cardholders:

- no registration fees
- person-to-person payments
- person-to-business payments
- make a cash request for collection at any of the standard trust bank (STB) Branches
- make payments via your mobile phone
- transaction notification via email.
- online account management and reporting analysis
* TAKE ONLINE SUBSCRIPTIONS USING NETICASH™ *

Merchants:

- Safe, secure and reliable
- easy integration with online store
- Low setup and transaction fees
- easy to use account management interface
- Online Account Management and reporting Analysis
- Online PIN dispenser for PIN related services
- Online form dispenser for form related services
- easy integration with shopping cart
- Complete ANTI-FRAUD SERVICE (AFS)
- SMS Functionalities
- excellent online customer support

Where Can I use my account?

You will be able to use your account at any of the NETICASH™ registered Merchants within the NETICASH™ Marketplace on our website.

So we ask that you join us as we make history with the launch of our valuable and unsurpassable service into the uncharted terrain of emerging markets. We will constantly be updating you with news of our services and if you have a business idea and you want to be able to tap into the huge potential of the NIGERIAN market, now that you can collect payment from them, send us an email so that we can help you achieve your dream.

So that we may have the desired impact please forward this on to your friends as we form this new ONLINE community

For further information and any comments about our services contact

customerservice@neticash.com

© NETICASH™ 2004 - 2005


NETICASH
info@neticash.com