₦airaland Forum

eko ilee: NL illiterates at it again...lmao


Obviously, they are talking about the value of cargo business moving through the port which is not unrealistic since it's going to be serving multiple countries.

LA port alone moves goods worth over $236 billion a year and generates over $400 billion in annual revenue..


$200 Billion or not, this is very irrelevant, fact remains that this is set to be the largest and the most sophisticated port in west Africa. This is going to be the go to and the premier port serving all the west African coast.

The huge revenue numbers for now is irrelevant, it's all about the immense economic potential for all involved.

He's talking revenue numbers. Using fuzzy math to come up with fake projections is same as fraud

Rotterdam, the worlds's largest port generated revenue of $850 million in 2012. Compare that to the bunk $200 billion for this new port

Rossikk: I think the amount refers to the concessionary period not the actual yearly revenue. Title adjusted accordingly.

So what is the expected yearly revenue? Your Paki man should tell it as it is and stop playing with words. And btw why should we believe figures touted by a Paki man? These guys are are masters in the art of falsifying numbers

[quote author=A-40]Maybe just maybe! They actually finished 7th and have dodged OKC they face San Antone and to be honest I think they have a fighting chance of pulling off an upset

Playoff ties
East
Heat vs Bucks
Knicks vs Celtics
Pacers vs Hawks
Nets vs Bulls

West
Thunder vs Rockets
Spurs vs Lakers
Nuggets vs Warriors
Clippers vs Grizzlies[/quote]Feeling great this morning. I hoped and prayed for a Spurs vs Lakers match up; and I got it. The series can go either way or Spurs sweeps. very unpredictable and intriguing. I'll go with Lakers in 7. why? A banged up Spurs team is what the Lakers need. As one ESPN commentator said the "Spurs engine is leaking oil" and not sure if Pop can fix things on time.

Plus, ironically Kobe's absence may put less pressure on guys and can play loose. Though it feels unreal without Kobe in the mix of things. Gasol is key in this series. Timmy and Dwight cancel out each other.

mrnestyy1985: Hi my nairalanders, If i have time tomorrow,i will explain to you how you can OPEN/CREATE AN ONLINE ECOMMERCE STORE WITH LESS THAN #5000 naira &TIME

But before then,i will like to give you a take home assignment/tips on what you need.Try ask my best friend GOogle the meaning of
1. OPEN SOURCE
2.Hosting Account
3. Unique Domain Name
4. Script
5. Nulled script

Note:this is for those who are new to E-business

You might want to visit this websites
Alibaba.com
Dhgate.com
Alaba international market in ojo and lagos island market.

You will also need a camera phone or a digital camera.

Please,the 5000 naira is only an estimate of what a domain name and a hosting account for one year will cost.it could be lower or higher depending on your preferred registerer.you should find out the domain websites in nigeria where u can buy a domain and a hosting account.

Have a blissful nite

seriously? Hosting an eCommerce store for less than $32? A modern ecommerce store requires huge data. Also you must plan in detail to ensure success. If not, it will just be one of the many and rarely visited online store that litter the internet. Anyway, I'll read your explanation tomorrow

BTW, Great ebusiness ideas

Same theme in the last couple of years: African countries like Nigeria are growing rapidly but more people are still very poor.

Same report, same problems identified and nothing changes. Foreign Direct investment continues to pour in while pocket of the people remains empty.

Will anything change?

Economic growth in sub-Saharan Africa should significantly outpace the global average over the next three years, according to the World Bank.

Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%.

But the World Bank added that African governments had to do more to ensure that this growth reduced poverty.
Global GDP was forecast to grow by an average of 2.4% this year.

Foreign direct investment is forecast to reach record levels in the coming years, hitting $54bn (£35.3bn)a year by 2015, the Bank said.

The report said strong economic growth in Africa had significantly reduced the extent of poverty in Africa over the past decade or so.

The Bank's provisional figures showed that the proportion of Africans living on less than $1.25 a day fell from 58% to 48.5% between 1996 and 2010.

"If properly harnessed to unleash their full potential, these trends hold the promise of more growth, much less poverty, and accelerating shared prosperity for African countries in the foreseeable future," said World Bank economist, Punam Chuhan-Pole.

But the Bank added that poverty reduction was being held back by income inequality and a reliance on mineral and mining exports in some African countries.

Resource-rich countries such as Equatorial Guinea, Nigeria and Gabon were singled out as making less progress in combating poverty than other African countries with fewer natural resources.

"While the broad picture emerging from the data is that Africa's economies have been expanding robustly and that poverty is coming down, the aggregate hides a great deal of diversity in performance, even among Africa's faster growers," said Shanta Devarajan, the World Bank's chief economist for Africa.

Problem areas
The Bank said infrastructure development was critical to ensure the strong pace of economic growth.
Investment in infrastructure would be key to the continued success of the oil and gas sectors in East Africa and the exploitation of the huge coal deposits in Mozambique.

The mineral sectors in places such as Ghana, Guinea, Liberia, Nigeria and Sierra Leone should continue to attract investment, the Bank said.

The World Bank did, however, identify some problem areas it felt could hold back economic growth.
Labour unrest in the continent's largest economy, South Africa, as well as political issues in the Central African Republic, Mali and Togo were identified as potential concerns.

The Bank warned that risks to African growth remained, not only from the continuing crisis in the eurozone, but also from any sharp unforeseen downturn in demand for commodities from China.

Source:
http://www.bbc.co.uk/news/business-22156755?print=true

bebe2: for a country with high rate of unemployment, why are there no job agencies. a company that will have a list of candidates on their books, have their qualifications and references that can be refered to wen employers need them,

if u need staff were exactly do u go.
i have been looking for pple to work in my bakery and cant seem to find any.
tips if u have one pls

Put help wanted in front of your bakery and people will show up

First thing first. Where are the jobs? Let jobs appear then start looking for agencies. Abi na agency go manufacture jobs

popsi: @Occam,

I do not find any thing wrong with the advert, it stated by stating Close, it never said its less that 20mins to LFTZ, I think is for poeple to judge what is close. In some countries travling 30mins to 1 hrs is deemed as close i.e UK and USA

Lekki is close to Victoria Lsland; that we know. I can drive from Onike (Yaba) to VI without traffic in 20 Mins. So can I say Onike is close to VI? Absolutely not

This is certainly an organised effort by group of individuals to aggressively sell the lands. Going through the links you'll see the ad messages are similar and are mostly using same blog platform.

http://amazingnaijainvestments..ca/2013/02/dominion-gardens-and-park-ibeju-lekki_9.html

http://www.linkedin.com/groups/Dominion-Gardens-presents-several-Plots-759547.S.207355486

http://ibenemegroup..ca/

http://kingsrealityservices..ca/2013/02/over-120-plots-for-sale-at-dominion.html

http://amazingnaijainvestments..ca/2013/02/dominion-gardens-and-park-ibeju-lekki_9.html

http://nxtpropertygroup..ca/2012/12/dominion-gardens-land-up-for-sale-ibeju.html

BUYERS BEWARE! When the ad is very deceitful, better believe the product is fake

blancason: I cant really argue much against what lawyer has said, but i"l start with the quote above.The marketer never said five minutes from lekki epe expressway, she/he clearly wrote "OFF" lekki epe expressway( access road joins the expressway).

It seems lawyer have used the overzealous marketing write up from ONE MARKETER to judge the validity of the Dominion Estate, which is rather unfair. Agreed, that write up is not honest but the information was written down by a selfish marketer.

The fact that they are selling the land whilst processing the Title documents doesn't make it frauadulent, as far as it is clearly stated what documents they have and those in process. They have a registered survey on the land and should get excission in a few weeks time. These are clearly stated and those who can not take the risk will wait until all documents are ready.

Playing with words to sell land or anything is border line deceitful. Check the online ad below:

http://ibenemegroup..ca/2012/12/dominion-gardens-ibeju-lekki-now-selling.html

The ad like clearly states [b]"close to" [/b]the Lekki Free Trade zone. Most people may think it's less than 20 mins

Anyway, as they say a word is enough for the wise.

Playing with words to sell land or anything is border line deceitful. Check the online ad below:

http://ibenemegroup..ca/2012/12/dominion-gardens-ibeju-lekki-now-selling.html

The ad like clearly states "close to" the Lekki Free Trade zone. Most people may think it's less than 20 mins

Anyway, as they say a word is enough for the wise.

Only four games to go and the 8th seed in the West still up for grabs. Will it be Lakers (41-37) or Jazz (41-38)? Jazz have the tie breaker.

At the top, Spurs (57-20) and Thunder (57-21) still fighting for top gun.

My sense: Spurs may try to avoid Lakers and drop to #2. Pop is a very sly coach and may be thinking of this. Thunder has a better chance beating the Lakers. Both are definitely rooting for the Jazz to clinch #8.

A Harden led Rockets vs. Thunder will be an intriguing match up. Can the Beard upset the OKC Zombies?

Spurs vs. Lakers; Thunder vs. Rockets are very juicy match ups that I’ll love to watch

Men! I love the West

Katsumoto: And why should folks who were running from their own countries and who couldn't bring positive change to their own countries have a say in how another country is run?

You've repeated a line by extreme racist groups to support their myopic vision of the world. No data or fact supports this notion. It was policy targeted at a certain group of immigrants (Asians, Africans)

Paradoxically, preferred Hong Kong Chinese given British passports chose not to settle in the U.K. The passports were simply used as "insurance policy". Most settled in US,Canada or Australia

One more reason to hate this woman:

She enacted tighter immigration rules. Any child born in Britain but of foreign parents does not automatically become a British citizen. This was a very calculated and callous move to hold on to power. Why? knowing that only xenophobic minds will support her "white only" conservative ideas for Britain.

She embraced ideas of the British National Party. Are the BNPs still on the rise? I doubt if a party like that can even exist today with more ethnic groups in Britain

She was Perhaps the most divisive leader in modern Britain. Too many negatives: north/south divide in Britain, anti-immigration and xenophobic stand, staunch supporter of apartheid regime, decimation of manufacturing sector. And she with Reagan pushed corrupt African leaders to accept SAP measures

However, her euro-sceptic attitude may have ensured Britain escaped the economic malaise engulfing Europe right now. Had the Labor party been in power, Britain may have sleep walked into the single European currency or EMS. With hindsight her approach to Europe was the correct one

Ironic that her nationalist attitude and hatred of Europe may have saved Britain from dire economic problems today

pDude: They are all fraudulent. Online shopping in Nigeria is the fastest way to lose your money.

Even with see and buy, you can lose money in Nigeria. Na the people, not the channel

ugodre: As we all now know, 2007/2008 was the year the Nigerian Stock Exchange bottomed out making Nigerians looses trillions of Naira. A lot of us have even vowed never to near that market again. However, last year the NSE All Share Index rose about 33% year to date making investors believe the stock market is now back to the good old days. While this is good, some of the problems and mistakes we made when we all went out to buy stocks are still there and will always be so far we still run capitalism. But that is not why we must not buy shares.

Warren Buffet once said the best time to buy stocks is when every one is afraid of buying and vice versa. People are still making millions even after crash. You only have to look to the fundamentals and open your ear to all the plethora of market information we come across everyday . For example, news that Government has eliminated duty and tax on Cement importation is bound to affect the business of local cement manufacturers, probably a sign to dump their shares.

On this thread, i will be posting my analysis and opinion of results of that have been released by companies quoted on the Nigerian Stock Exchange. I hope my analysis will help the uninformed and those that are investment savvy, my perspective on the the fundamentals of companies and what other factors may determine my decision to buy, hold or sell their shares. My articles will be very short, interesting and revealing to ensure you are not bored will too much financial grammar. I will also love to see your comments and perspective as to one can claim knowledge of everything.

Some of us who have specific information about companies that can help eliminate asymmetry will be most welcomed. This will help put forward a better and concise analysis of companies that we review. So guys, lets have some fun.

Warren Buffet is absolutely right, where there is transparency in the market. The corruption and opaqueness in the Nigerian market is still a huge problem. Have they cleaned up the whole mess of 2007? Were any companies/individuals prosecuted for the massive frauds? Remember fraudulent malpractices was the main reason the Nigerian market collapsed

Institutional investors with deep pockets can risk investing in the Nigerian market. Individuals have to pause before committing funds.

I'll say for now, in Nigeria people should invest in tangible businesses or assets. Things you can see. Real estate, food processing etc Even eCommerce businesses has a huge growth potential

eldoradoxx: If you are a failure in Nigeria, then definitely you will be a failure anywhere. You see the mouse that smells knows that it cannot escape that trademark stench that oozes around him because the stench runs in the blood and not in the skin ! Many Nigerians are abroad living from hand to mouth, managing some small menial and degrading jobs to pay bills and service charges. How many of them send home more than 100 pounds or dollars or euro? Many of them are more broke than common folks back home. Is that what life is all about ? You see the richest Africans are still Nigerians. The richest and most progressive Nigerians are not living in UK, France, Germany, US or SA, they live and earn there living here,tapping into our potentials, cheap labour and about 160million market. I don't think of any country where you can make over 100% profit in just any business. Our tax policy is very liberal (that is when one decides to pay). We may not have 24 hours light here but how much is the tariff in areas where there are good supply of electricity. Nigeria of today is not what it was 13years back, I have in 13years seen forests turn into estates with mansions, in 13 years we have sparked off economic revival that has caused Chinese, Lebanse, Americans, German just name it, all flooding Nigeria for business purposes. So I don't see any reason any Nigeria should flee home. Those begging for visa in other countries embassy are the failures that we need to export, they are people have lost faith with themselves and can't cope with the rugged life in Nigeria.

So people living abroad are "rats" that can't afford to send common $100 back home. This is a very **informed** opinion. Now we know **wise** one

coogar: every foreign country is abroad by definition.... so niger republic and cotonou are abroad!

Not abroad. If you can trek there or go by bus it's not. That's why we call it "oke okun" So Afghanistan and Uzbekistan are "abroad"

bebe2: God bless u my dear, everything they will call me, so I thot, open a business and we can all benefit from it.

But am still being asked for school fees and all sorts. I have 4 kids of my own. If I worry about just me and my nuclear family I will be very rich I will holiday all over the world but I have to worry about my nieces and nephews. [/b]I can't ignore them, they were born in my presence, cared for them, fed them bath them, [b]I love them as my own but by the time I pay this pay dat, I start struggling to meet my own bills.

I tire jare

Seriously, you are running a charity not a business. You want to help these folks and yourself? Sell that charity/business and move on. Chances of that "business" growing is almost nil.

Relatives are the worst to involve in your business. Sentiment will kill the damn business since you can't take firm decisions.

You're becoming a cash cow and they'll milk you dry. They're not paying school fees with that money . NO. The money is spent rocking at clubs, buying blackberry, paying mobile airtime, paying for asoebi, gallivanting from town to town. And you're struggling to pay you own bills.

This is Nigeria today. Maybe your nieces/nephew are exceptions to the rule.

I'm sure we are familiar with this saying: "The greatest lie the Devil ever told was convincing humanity that he didn't exist." Selling gold dust to and convincing African countries that it's diamond has now become the "flavor of the month" for development practitioners.

Some lies repeated in this video may indeed be more frightful than the devil's lie. We need to take heed lest we over imbibe the sweet words and lose focus.

Pan African-ism is simply a cool slang that serves no purpose. Africa is not a monolithic block, but countries sharing a continent. Each country must therefore fashion its own path to development based on it's unique problem.

Seminars touting GDP growth, low debt to GDP for African countries are increasingly commonn place. These seminars are deliberately quiet on the more important Human Development measurement which puts African countries at the bottom of the rankings. And according to the Global Competitiveness Report, most African countries are factor driven economy vs the innovation driven of North American & European countries. Yet some say we can catch up or surpass a country like Germany by 2055; 40 yrs time. Our goal is not to catch up with these countries. First and foremost: we have to reduce poverty to a manageable number. Too many poor in Nigeria and any year over year economic growth simply creates more poverty. This is what is going on in Nigeria today

Who are those guys? what is their agenda? Pumping out selective aggregated statistics to support the narrative of rising economic power house in Africa is delusional at best and deceitful at worst. Even more dangerous, it may encourage our leaders and policy makers to make bad decisions.

On a positive note the video has elicited, on this thread, vibrant discussions and diverse views on the path forward.

DaLover: Short distance indeed, like 2 years abi, I honestly think that is delusional, these monies u mention are drops of water in the sea compared to the projects we are carrying.
Ok, ur 3 trillion Naira internal revenue is just $20million dollars...better to work in dollars so that people are not deceived by huge figures...
From the annual revenues of $31billion about 60-70% goes into recurrent expenditure.....don't forget hat in the last few years salaries of everybody were increased, this leaves about $10billion or so for capital expenditure,
Capital expenditure like east west road about $4b
Lagos Ibadan road about $1b
Lagos Kano rail line about $8b
I would assume that ph maidugri line would also be about $8b
Then lagos calabar line , maybe about $8b
Abuja kaduna line, lets assume $2b..

These is just 7 projects planned that would take about $30b, the FG has numerous other roads to build, schools to build, sea ports ongoing, rails lines not mentioned, dams, airports, power plants, and so on and so fort,

My figures might not be exactly spot on right, but it gives you the ideas that gej is trying with all he has achieved in just 2 years....the idea of unlimited source of FG funds needs to be crushed once and for all

Spread over 5 yrs, that is $6 billion per year on infrastructure development. You tell me that's money Nigeria can't afford? Every country, even the richest have competing needs for development projects. Still, the works get done and citizens' life are better. Not in our case. We are still stuck in the bottom wrung of the development ladder.

Our story is not lack of funds but the cancerous effects of corruption. This govt is behaving exactly same way as previous administrations. Spending meager funds to upgrade a derelict rail system is no recipe for sustained development. This is "show and tell". During 2015 campaign Jonathan will now tout the Lagos - Kano rail project as key achievement.

Years of mismanagement in Nigeria has resulted in us playing catch up in all areas of development - transport, education, health, electricity and so on.

And here we are, some folks applauding a 30 mph train in 2013? I took the Lagos - Minna train 15 yrs ago and the journey time was nearly 24 hrs. I vowed never to take that train again. Looking at that video, nothing has changed.

ROSSIKE: It is silly and absurd making such comparisons. You cannot buy a modern railway system off the shelf the way you can buy a car. You need years of investment in the former. And please spare us this ''our leaders'' stuff. It's a very lazy way of looking at issues. ''Our leaders'' are not a monolithic group. They vary in quality from one administration to the next. So speak of the Jonathan admninistration specifically, or Yar'adua, or OBJ, or Shagari, IBB, Abacha, Buhari, Murtala, Gowon etc. Some leaders performed. Some didn't. Some had vision. Some didn't. Some were elected. Some got there through the barrel of the gun and so were unaccountable to anyone, which showed in their end-product. So they're not all ''the same''.

Such comparison highlights the disconnect between our leaders and people; not about GEJ only. Fixing the rail system has been a mantra repeated In the past and nothing meaningful has been done

Fixing the trains on one route without new tracks will not cut it. A specific mandate must guide investment decisions. For instance reducing the travel time from Lagos to Kano must be the goal. And based on this goal govt can set aside budget to achieve it. Given the potential to increase ridership and economic activity, this is a worthwhile investment

Piecemeal investments like this will not work and transform nothing

vizboy: hey man clap for yourself nice speech and if my guess is right you started running the moment you came out of your moms stomach. Give Gej a break he is just half way into his tenure and have taken a bold step if our past leaders has taken these steps we wouldnt be were we are today. USA as you see today wasnt built in 4 years but for more than 300 years.

We need to invest billions of dollars to overhaul the entire system. Spending a paltry $153 million will get us nowhere. The opportunity lost for business means overhauling the entire rail system should be top priority with electricity. Moving at 31 mph will not attract more passengers to use the service. In 5 yrs time its back to square one since people will lose faith in the system.

The latest Mercedes benz and SUVs ferry our leaders all over the place, yet they invest on a rail that moves at 31 mph. And people celebrate this as progress! 15 yrs ago the rail journey from Lagos to Kano was around 30 hrs, same as this. Progress really means something else in Nigeria

The drop in goods move was even steeper from 3.3 million tons to a mere 57,000 tons.

Above quote indicates how much the economy is losing yearly because of an ineffective rail system

[quote author=Omo_Tier1]This is like a man who has money to build a modern concrete house yet is celebrating living in a mud house as a life achievement How come when they want to do anything for themselves, they go for the world's best, yet when it's time to do anything for the Nigerian masses, they put up a mediocre!

Nigerians deserve a modern and functional railway services and what this government is giving us is no where near good enough! We have the money and men to have a modern and effective rail service all across the country, sadly we lack a leader who can think into the future.

Lets stop celebrating mediocrity and demand for the world's best. We have the money, people and resources to have them in Nigeria. Yes, He may have tried in reviving Lagos-Kano rails, but lets us as a people collectively tell Him, GEJ that we are not celebrating because the allege investment does not commensurate with what is on ground hence we DEMAND a Nigeria standard railway services.

Let anyone not be deceived, if the Lagos-Kano railway service was anything to rejoice about, people will not have been sleeping in MMIA over the mad Easter rush as many would have opted to use the rail service.

GEJ has made a start, but it is not good enough and He needs to up the game and deliver big time. This is about Improving Nigerian lives and no politics should come into play in doing so.[/quote]Absolutely correct. We need to build for the future, not just spending on projects to resuscitate the past. This rail projects looks like one and may not be sustainable in the long term.

Ada Nri1: [b]why is that in teaching show me is advocated instead of tell me? [/b]When u see a picture of how bad you're behaving you will despise and change quickly #I'm just saying.

Don't understand this. pls explain

[quote author=A-40]When Sheed takes duds like Desagana Diop,Erick Dampier and Devin Harris to NBA Finals get back to me
Timmy is a better defender than Sheed more reliable as a scorer too
Nowitzki is a better shooter than Sheed! The best shooting big man ever period!

Sheed was not the best scorer on his team neither was he the best defender (Ben and Tayshaun where better) so how can he be better than Dirk and Duncan[/quote]The Sheeed vs. KG thing will never be resolved. Both are very talented power forwards that battled a lot when playing for Wolves and Blazers.

They both play tough interior defense and can score easily over any big man. Sheed is slightly better because defenders have to account for him at the 3 point line. One of the best 3 point shooting big man. His 3 point shots usually the drained opponents of any energy especially when trying to make a run. watch the tapes of his Piston days and you'll see what I mean

Ada Nri1: if I say " my child stop behaving like a goat" to me that's giving the child an example of how she/he is acting. Na wa oooooooo shey na this una wan bring up children? If he goes out and another person calls him a cow he'll hang himself. Better bring up your children realistically or else bullies will target them everyday.

I will never compare my child with a goat. Why not simply tell him to behave himself. Adults in Nigeria must be respected. True that. Kids too must be respected

Bullies abound in schools and sadly kids are forced deal with it. However, children that have respectful and open conversations with their parents are more likely to tell their dad/mum about the bullying. If you insult your kid, he/she may be hesitant to report bullying in case you call him a "weak goat"

Ada Nri1: There's a difference between insult, abuse and curse.
When your dad gets angry and tells you "don't be silly! Or silly!" Go and hang yourself because your dad insulted you. As far as I know my mum used to say we should stop behaving like goats, that's when we acted foolish, that didn't stop us from changing and behaving like human beings. And the next thing you'll hear her say is "my children are very wise" all these sabi sabi people here telling some1 how to raise their kids, I hope your children are going to be 100% well behaved everyday. Bottom line, correction with love is better than trying to avoid insulting your child and loose him to terrible behaviour. Spare the rod and spoil the child.(They'll soon tell me it wasn't meant to be followed literally)na una sabi sha, I dey my house, I raise my kids how I want. Main goal; useful, wise and well mannered children with great fear of God.

You van correct a child without insulting. How would you feel if your boss insults you instead of explaining what you did wrong and then correct you.

This our Nigerian mindset has to stop. Just be firm. Kid get it

Fhemmmy: I think there is a difference between insulting and cursing them . . . I tell my son most times that he is big head and he say it back to me too, but when a parent curse their kids like saying - I know you cant be anything in life, that is dangerous and such pronunciation do have a lasting effect.

That's just playing. He finds it funny too that's why he's saying it back to you.

Too many Nigerian parent's insult their kids at the slightest offence. Talking to kids is really alien in our society. A child asks a simple question and they tell him/her to shut up and mind his/her business. Nigerians don't like explaining things to children.

Why is Afghanistan not on the list? DO we still require visa to enter Afghanistan? Even Irag too. So they expect naija to line up for embassy collect visa to these places? I tire o