₦airaland Forum

bealuv: Hi OP....i have someone who has about 500,000naira and wants to go into a business in which he ll have monthly income of over 60,000naira...so he asked me for business ideas and coming across your thread i decided to bring this up here...i would really appreciate whatever ideas you have

Over 10% return monthly would be very hard and I can't think of anything, if he had more capital I could give some ideas but 500k is small to start a business

still available

Updated my blog on common mistakes Nigerian Management make www.globalnigerian.com

Just updated my blog with my thoughts on the cement industry going forward www.globalnigerian.com comments and criticism are welcome

My thoughts on the future of the oil marketers in Nigeria http://intelligentnigerian..com/

Just updated my blog on what I think are the best ways to benefit from rising rates http://intelligentnigerian..com hope you guys enjoy it.

nosa2: I have created a blog on investments with a view on the world in General and Nigeria specifically and I believe members of this forum would learn from my views and opinions.

http://intelligentnigerian..com/

Please feel free to comment and criticise

just made an update on my blog with my thoughts on the insurance industry

http://intelligentnigerian..com/

please feel free to comment and criticise

I have created a blog on investments with a view on the world in General and Nigeria specifically and I believe members of this forum would learn from my views and opinions.

http://intelligentnigerian..com/

Please feel free to comment and criticise

I've got a duplex of four 3 bedroom flats to sell in Audule Iroko, Ogun state, it's well finished with Aluminium windows, built on a single plot with a working bore hole. I'm the owner of the property so no Agent, I'm asking for N20m

Call Peter on 08168483228

bombay: I will be giving tips on uk stocks if you follow me you my first tip is NOVA RESOURCES LIMITED uk ticker is nova this share is about to explode,look at the graph you will understand.

Interesting, why not come on this forum www.stockmarketnigeria.com , you're more likely to have a productive conversation there. I love this tip thou, personally I'm looking at afren and am definitely looking to make a Mongolian play. Anyway add me on twitter or send me your bb pin so I can add you to a group for investors.

Offers still welcome

I supply diesel direct to your house, hotel, bank or any other institution. Supply ranges from 1000 litres to 10,000 litres.

Call or whatsapp on 08038110545

Or bb pin 28D9CA0C

Brand new wifi only 16gb Ipad3 for sale price 100k, goes for N110k in shops, it's never been opened and is still in the shrink wrapping. It's in lagos and payment would be on collection.

You can call or whatsapp me on 08038110545 or contact me on bb 28D9CA0C

Only one piece available because this is an unwanted gift and I'm not a shop.

olushowunm: @NOSA2.... YOU DON'T JUST SAY SOMETHING JUST FOR THE SAKE OF IT! YOU ARE IGNORANT OF SUCH STATEMENTS... WHO IS ASKING ANYBODY TO GIVE HIM MONEY HERE WHY DO THEY ALLOW NIGERIANS TO OPEN FOREX ACCOUNT, IF THATS BENEFITS OF 419??

@OBADIAH... YOU NEED TO BE ENLIGHTNED THOUGH I ADMIRE YOUR PATRIUOTIC SPIRIT, BUT WHEN YOU ARE NATIVE OF NIGERIA AND CITIZEN OF THE WORLD... YOUR MONEY CAN BE MOVED TO ANYWHERE YOU FELT FAVOURABLE TO YOU... YOU DON'T JUST SIT AND WATCH IRS TO MILK YOU DRY IF YOU TAKE CAPITAL GAINS OR WITHOLDING TAX...
AND WE ALL KNOW THAT NO ECONOMY IS 100% FAIL-PROOF, SO ITS BETTER TO HAVE 50% OF YOUR NETWORTH OUTSIDE THE SHORES OF NIGERIA....

It's because of posts like this that I stopped contributing to Nairaland. Anyone need my advise can always contact me on twitter

obadiah777: YOU DUMB DUCK, CAPITAL FLIGHT IS FOOLS LIKE YOU THROWING YOUR MONEY AT FOREIGN STOCKS. DONT YOU KNOW ITS ALL A SCAM AND AN INSIDE GAME FOR THE SELECT TO TAKE EVERYONES MONEY ? I GUESS YOUR GREEDY A-Z-Z- THINKS YOU WILL HAMMER BY BUYING FOREIGN STOCKS ?

Foreign markets give you access to assets you can only dream of in Nigeria

Anyone who tells you that it's possible to buy foreign shares from Nigeria is a lair! Any website that promises to do so is a scam. The only way to open any foreign brokerage account is if you have a foreign bank account and a foreign address or alternatively if you have a foreign account but no address then you would have to use a service like internaxx but they won't deal with Nigeria (benefit of 419).

how do we contact you

how much

if he renounces his membership of the gang called then i'll know he's serious until then this is just a smoke screen.

If the economy collapses the rich won't suffer
because they're heavily invested abroad, if there is
civil uprising the rich still won't suffer cause they
have houses and cash abroad. So anyway way you
look at it the rich would never suffer. Look at the
boko haram crisis how many rich people are dying? The country belongs to the middle class,
they're the ones that'll be wiped out by economic
collapse, the poor are already eating from dustbins
so they really don't have a lot to lose, but the
blackberry generation that feeds from pay check to
pay check and is investing heavily in our Nigeria denominated pension system has a lot to lose if
the economy crashes. Right now this seems like an academic exercise,
let's all bash the government! It's all their fault,
they're thieves and demons but very soon many
people reading this would start to feel the effects
and I would genuinely feel sorry for them when
that time comes.

The move is irrelevant because the yuan is based on the dollar so its the same as keeping your money in dollars. The only benefit is that the yuan is under valued so whenever it finds it's real value you'll gain a few more dollars but by moving to the yuan you're still saving in dollars cause the Chinese save in dollars. If it was Swiss francs or gold then that'll be a different story

@Thespecialone I don't trust this government any more than you, I don't believe they'll use the money for the masses, after all what gave they done with the little they got? But the economic facts are a completely different issue, either way the masses are screwed, keep subsidy and the economy eventually collapses or privatize so that irrespective of what the government does the poor can work themselves out of poverty.


Russia is an extremely corrupt society but with a private sector led economy Russia is one of the richest countries in the world. Our parents fought this fight and where did that lead them? Today we've started the same song and dance… remember that our debt was forgiven because there was no way we could payback and the international community saw that it was forgiveness or refugees.… and now we've started to borrow heavily, money which our unproductive economy can't pay back. Reality sucks for the poor but burying your head in the sand never solved a problem

@dayokanu what difference does the daily consumption make in calculating the costs to the economy? I'll be a fool to argue that there is no corruption in the system but then continuing the continuing the corrupt system only makes things worse. Did you need to know how many minutes Nigerians used under NITEL before liberalizing the telecoms sector? Or did you need to know how many people stayed in hotels before transcorp was sold? Asking for the daily consumption knowing fully well that it can't be gotten (due to corruption) is not a reason to keep subsidy.


P.s let's keep the name calling for less matured conversations.

People attack deregulation as if it's the corrupt government officials who'll suffer when the economy collapses.

If the economy collapses in Nigeria with our poor infrastructure and already high poverty rates, it'll make Zimbabwe look like heaven, a more likely scenario is Somalia. The problem Nigerians have is that they don't understand the real effects of a collapsed economy, if we borrow so much that what we earn just be enough to cover interest payments, the government would have to cut salaries (which are already very low), sack workers (adding to an already high unemployment rate) and devalue the currency (making the poor get even poorer). Now I'm of the opinion that these measures would cause civil unrest ( just look at Greece and even they're developed) which with a weakened economy can't get tackled properly and with ridiculously high unemployment could most likely lead to war. If civil war breaks out who'll suffer? It's the same Protesters, the rich all have houses and investments abroad and they can move but the poor would be stuck here earning a valueless Naira.

So weather you remove subsidy or not you're not touching the rich, if you keep subsidy the rich get richer, your economy collapses ANC the poor get starved out of existence. If you remove subsidy the rich still get richer because they'll setup refineries or invest in pipelines or many other support industries and as fir the poor, well they'll still be poor but at least they'll have a better chance of working themselves out of poverty.

P.s with the price increase the Naira has appreciated 2% YTD, meaning everyone both rich or poor is richer by 2% (because we're an import dependent nation) now imagine what would have happened if there was total deregulation. I actually predict that if we stopped importing fuel the Naira would exchange as high as N80 to $1

@ojuejo kerosene is still subsidized and l the removal is subsidy on diesel has meant that diesel is always available nationwide. Greece spent more than it earned, it borrowed more than it's economy could payback but unlike Nigeria they spent what they borrowed on infrastructure. We're even worse cause we're borrowing and spending it on unproductive consumption. When (not if) the chicken comes to roost the current pensioners dying in queues would seem like they're in paradise. The current generation is setting itself up for unimaginable poverty but the one thing that gives me solace is that they're the ones making the decisions that would bring about their own demise so they'll have no one to blame but themselves.

There are two conversations going on, one against corruption the other against subsidy, and one needs to stop. It's childish to place the removal of subsidy on the condition that you must fight corruption because it simply means that you're telling politicians that you can loot as long as you keep subsidy.

I'm not here to argue the rightness or wrongness of removing subsidy but rather just to highlight the economic realities of the choices we make. Weather we like it or not every choice leads to a different solution and the choice we made in January would lead us down a path and I believe it's only fair to highlight the result of those choices.

@A-ZeD the sum of 300b was the budget for 3 months and not the full year

@jason123 your analogy is flawed because the president is not your father, nobody is meant to provide anything for you and there is no bully. Nigerians own Nigeria, what the pensioners are suffering today is caused by the decisions they made when they were young, the second they started to support military rulers, play tribal politics and rig elections they guaranteed themselves a wretched future. Today the Nigerian youth is laying the bed it'll sleep in in it's old age and from the decisions being made they're creating a bankrupt nation. Doesn't it strike you as odd that virtually every government since IBB has advocated removal of subsidy but every time the people have successfully fought against it, yet our poverty/unemployment levels have been rising steadily? Our currency has never closed a year higher than it started? Anyway as they say common sense is not common

The average Nigerian youth is ignorant of the facts and looking at our universities today I'm not surprised. Nigerians have no one to blame but themselves for the poverty in this country. We want/need infrastructure yet we want the government to triple salaries and keep spending 25% of it's budget subsidizing an imported product. Something has to give

Nigeria's borrowing $7.8b over the next 3 years but we're spending $6b this year on subsidizing imported fuel. Which means over the next three years we'll be spending at least $18b just to keep the Protesters/youth happy, and we wonder why we're undeveloped. There really must be something wrong with the black mans brain

I think airtel does unlimited 24hrs for 15k