₦airaland Forum

CFCfan: SLOK Air is a relatively successful airline. However, we (Nigerians) need one that can compete with the likes of BA, Etihad or KLM; at least, on the Nigerian intercontinental routes. It's bad enough that both BA and Virgin Atlantic control 90% of the traffic on direct flights between Lagos/Abuja and London.

Huh..SLOAK AIR relatively successful An Airline that has 6 aircraft, 2 STORED 4 other operator and actually stop flight in 2009

Chei... See How Madam Oil bunkering dey stretch her neck...

CFCfan: Wow, surely a Dangote/Adenuga can recruit Nigerian MBA graduates or businesspeople who have experience in airline management. The billionaires would just be responsible for paying wages and other costs, no?

Let me give you a typical scenario. You fly a B747-800I half empty from Lagos to CDG, then in CDG, your pilot have a Hard Landing and Two out of the Four Main Landing Gear is scrapped instantly. Then Aircraft is towed to Hanger, and for the two Landing Gears to be replaced, you need to pay nearly $1m plus other expenses! And in two weeks time, that Aircraft goes for 3C check that would cost $30m, now tell me how many Nigeria businessmen can survive such a business with their mentality that every flight needs to generate profit, and every aircraft need to make HUGE CASH return on every trip. Also without very strong financial institutions, coupled with strong collateral, how can Nigeria businessmen finance such a business? That is the reality of Airline operations... HUGE DAILY CASH flow..

Billyonaire: Look at the blanket Statement he is making, height of ignorance. A country of approx. 160 million people, and he concludes that Nigeria businessmen lack acumen. Its shameful and hasty generalization.

This is a FACT known by any expert in this field. Arik Air is surviving today because she's got the backing of those in power. Aero is "kissing" the grave of bankruptcy less than two years after the Dutch handed the company over to Nigeria businessmen! Go figure out. Even Tinubu's Nation Airways is crawling ...

Billyonaire: You are a pessimist, that is understandable. But the question I ask you always, is, How does it bother you, if the Consortium take risk to invest in your country, despite the fact that you do not love your country and do not believe things can work ?

Contrary to your assertions, I have investment in the country, paying taxes, employing people and putting food on the table! I could have decided to invest all of that here and still have my peace. But I believe in Nigeria, and I know Nigeria is great, but I believe we can do so much better by being honest, and telling ourselves the hard truth that We are heading in the wrong direction if we continue to do things this way! But clowns like you whose trade and daily chore is praise singing (because that is how you are able to feed daily it seems) cannot clearly see how much faster the nation can develop within 5 years with a focused and steadied leadership.

CFCfan: At Omo Tier1: If Nigerian citizens abroad can remit a whopping $21bn back home, what stops wealthy Nigerians and other private companies from setting up a mega Nigerian airline? If need be, Arik can be merged with another domestic airline, in addition to the start-up funds that will be injected by wealthy Nigerians.

Airline operations is serious business that requires HUGE cash flow 24/7. Buying aircraft is one thing, to keep the Aircraft flying everyday, you need CASH at hand as most of the services render by third party are paid up front in most cases due to stiff competition. And I am sorry to say, Nigeria businessmen lack the business acumen to survive in an industry like Aerospace.

Billyonaire: $100 sounds like a lot, but Dangote Group alone has invested $10b in Nigeria, Nna nawao. We are talking about investment in Power Sector, Oil/Gas and Banking Sectors here, and as far as its sovereign project monitored by CBN, then finance houses will scramble to provide terminal funding.

Common sense should dictate to you that dangote's huge business portfolio alone will secure Him cheap loans from emerging economies like India, Malaysia, etc. not a company whose balance book is like individual whose self bankrupt.

Dude use your common sense! We all want Nigeria to develop rapidly but not with phantom projects like these ones. The money to rapidly develop Nigeria is in Nigeria. All we need is sensible, focus and determined leadership to harness that money. Every foreign investor that comes into the economy is going to rip you off x3 because of the poor currency and other social factors adverse to doing safe business in the country and at the end, you are left with virtually nothing as a nation.

CFCfan: You are a potential oga at the top

Dude, His got the talent... where's SIMON COWELL when you need Him

Billyonaire: Another daft fellow, 90% of the time I type on Nairaland is via BB, iPad or Slate. I hardly use a laptop, right now, I could be on the backseat of my car and the driver is driving me back from work, does it stop me from typing. Most of you are dafter than I actually thought.

Oga mi... egbon .. I didnt know you have a slate, ipad, and BB ... self made millionaire indeed

Billyonaire: Shut your silly mouth my friend, You lack any approved intelligence to down play the Economic Growth in the country, the fact, that you are poor does not mean rich people can not come to Nairaland, so I ask again, Is Nairaland meant for only the poor ? So, Billionaires can not visit nairaland ? So, if I say I am a billionaire, do you have any reason to doubt me ? What makes you think its a lie. You are just daft my friend. You can not be richer than your thoughts, you are a doubter, you can not make it bro, its not a prayer, its the reality.

The mere fact that you troll NL all day is a clear indicator that you are jobless. As you may well have known by now, I live very comfortably by Gods grace outside of Nigeria and I have my investments in Nigeria employing people and putting food on their table every day. Need I remind you that it is people like me by God's grace that remitted over $21bn into Nigeria's economy in 2012 alone? I tell you, if the UK were to receive on the average continued stream of investment worth $1.75bn every month, by now the economy would be booming again! But the same can not be said of Nigeria at present because of visionless leadership.

Billyonaire: Nigerians in Diaspora invested $21bn in 2012, Is that right ? And you are doubting the capacity of a CONSORTIUM to invest $100bn, Hahahahahaha, you amaze me always. Like I said, you really need to stick to your expertise, which is name calling and rumour mongering.

Do you really have an idea what $100bn is Do you know how many Banks that will be required to finance such a business venture? Even if it State backed, do you know how many State Credit Agency will be required?

Sometimes I wonder how some of you think! To add insult to injury, two out of the three companies claiming to be technical partners have bank accounts that can only be comparable to a "FISH & CHIPS" shop going into administration

CFCfan: Wow! I never knew of that. The only thing I was aware of was the usual $10bn, which Nigerian diasporans send to their relatives back in Nigeria.

Have a read for yourself - http://www.punchng.com/business/business-economy/nigerians-abroad-to-remit-n3-28tn-in-2012-wbank/

http://www.thisdaylive.com/articles/nigerian-migrants-remitted-21bn-home-in-2012/138108/

Billyonaire: You do not have to worry about that, that issues was thrashed and the lady who spearheaded the rumour was given a ban. She saw some student picture, one Guy called Chinedu on facebook and said it must be me, I am not even Igbo start with. By the time I finished with her, she was given a ban. I should be able to send you a link if I have the chance. Rumour had it that the so called Lady was just interested in my person but I didnt give a green light, so love turned to hatred.

Haha.. I really do not want to expose you here.. but beware there things known to a few on here about you that you may not realize. Again, I will advice, stick to chasing women with your fake blackberry curve pictures and avoid topical threads like these.

Billyonaire: You, my friend, live to your testament, you love to call people names. Who are you to know my worth or not ? How do I prove that to you ? There is no way, so go and sit your ass down and discuss the topical issue and not name calling. Your dream life, is how I live.

Haha... just like the girl exposed you right self made million my foot! Any sane individual upon being confronted with the factual details of the past transactions of a company who claim to be a major stake holder in a business proposition running into billions of dollars would rightly take a step back and re-examine if such a company can be taken seriously. No, but in your case, you are blindly defending in indefensible all in the name of "shoe shinning" for GEJ.

Billyonaire: Sharrap, little man. The companies know the risks before venturing, Who are you to be concerned about their fortune or misfortune? Are you to worry about that or you are supposed to be happy that foreigners are giving Nigeria economy a pass mark ?

Foreigners my foot! If Nigerians living in the diaspora alone invested well over $21bn of dollars into that economy in 2012, does that not tell you that there is money in the system but the lack of visionless leadership has stalled the rapid development of the country?

will it not be foolish to celebrate the same foreigner who was awarded contract in 2007 running into miilions of dollars without any show

Billyonaire: I will not like to call you a Liar, cos its apparent that you are just an ignorant fellow, I forgive you in your eternal pessimism. We have best brains working in Government, Aganga, Ngozi Iwealla etc. So, if there potential for FDI, they are assure tto liaise with CBN and assess the possibilities for all financing before giving a go ahead. You need to retire to your bedroom and give your sisi a b-l-o-w job. That's all you are good at, apart from name calling.

Anyone who has been around on Nairaland for long know you are a social slack and a disgruntled element. You think We have all forgotten so soon how you used to harass girls on here with your fake pretense of being a self made million until you were exposed for the one-bedroom occupier ingrate that you are

Dude, like I said, We know your antecedent on here and you are a glorified clown.

Rossikk: My friend do you know what a CONSORTIUM means?

Do you know that a fish seller can form a CONSORTIUM with major companies and attract billions of dollars in investment funds?

That is the stupidity in all your reasoning all along! Every TECHNICAL VENTURE PARTNER is a RISK SHARING PARTNER in today's business climate, therefore, your financial books matter alot!

Can't you even reason that a company awarded a contract running into millions of dollars in 2007 will have a book balance that reflects that of a road side fish and chips shop and yet you will take such a company serious CONSORTIUM my foot. Like we know it in Nigeria, two politicians come together, form papa and pikin joint ventures, win contract from government, gets 40% down payment and disappear into thin air. Afterall they have political godfathers who will hold their backs...

oyb: Just bookmark d thread. This time next year team jona will be spamming us with tales of the next big investment. All stories with nothing materialsing.

Imagine the same disgruntled element and wannabe, after being exposed on His silly rants on the bogus US company who claim would build two refineries in less than two years claimed that was in the past

Billyonaire: As long as its Sovereign Assets, every finance house will jump at it. Go figure! You need to get your sense examined, cos you sound silly to every right thinker, and I can assure you, they are not many on nairaland.

Clearly, this shows you are a wannabe! I told you already, stick to the womanizing prowess you are know for, as well as your false self-impression. It is even more hilarious that you count yourself amongst the "right thinkers" on NL

If you are not even aware, every European government and those of the USA & Canada has a government vetting panel that reviews investment by companies and business entities by their citizens that runs into billions of dollars externally and a clean bill of "go" or "not go" is usually given by these government base on a meticulous and extremely detailed intelligence on the risk of such investment. I know how just last year Turkey lost a major investment worth $1.2bn based on a government intelligence which suggest the company wanting to pour such money into the Turkish economy will unlikely not recoup their investment.

Dude, like I mentioned previously, it is not a must that you display your stupidity on threads like this simply 'cos you want to "shine" GEJ's shoes. Swallow your pride and go get some education..

Billyonaire: You are excellent in name calling, that's what you are popular for. There is a discourse at hand, focus on it and stop being silly.

What discuss at hand? That your folly of praise singing and "shoe cleaning" of incompetence has being exposed and you cannot swallow your innate pride and admit that this was a wrong call?

What is there to discuss when the factual details of these "speculating" investors clearly reveal they are clearly fraudsters waiting on the eagles wing to rip billions out of the system simply because they know the present leadership in the country is grossly incompetent?

Billyonaire: Guy, you are dafter than I thought oh. When any Project involves a country or a sovereign state, even a State Government in any country even the World bank, IMF and tripple A-rated Finance Houses lobby to finance. Your elementary 6 knowledge of economics does not work here. Go and get some crack, its gonna do you some good.

Even a fresh financial risk analyst with barely 2 years of experience will tell you no creditor will finance any company with a balance book comparable to that of road side garage shop and such a company is seeking for loans running into billions of dollars.

Again you are living in a f.ools paradise to ever think financial houses will through their money into any venture because the are so eager to finance projects. Really you haven't engage in any meaningful business and I doubt if you have ever dealt business angels talk-less of tripple A-rated financial firms.

Please stop disgracing yourself on this thread and call it day....

Rossikk: Mr Walking Misery, we are also witnessing improvements TODAY, so we can be confident of further successes TOMORROW.

Rossik.. please stick to what you know how to do best... posting photos of beautiful greens of Nigeria on NL You lack the intellectual capacity to engage in serious discuss such as this topical thread. Just a few words of advice..

Billyonaire: You are good at name calling, but lack basic knowledge of Joint Venture Funding, Go and sit in some fireplace at your little mud cave.

The truth is, you are living in a f.ools paradise. Since you were exposed here on NL, I barely take clowns like you serious. It is obvious you are intellectually challenged and deficient. I will advise you stick to your womanising prowess you are known for. Try and avoid topical threads like this one as it is not a must that you must clean the shoes of GEJ on every thread.

Billyonaire: You are not making any sense. If Dangote can invest $10b in just 2 sectors, How much more 3 companies from 3 continents. Nnah, na wa o. Self haters.

Let me expose your stupidity. Creditors do not give loans to clowns without commensurate investment portfolio regardless of whether it is 100 companies involved! Dangote has a huge investment portfolio which any creditor will evaluate along with the business proposition He intends to use the loan for before engaging in any financial dealings with Dangote.

Can't you even use your brain that a company who won a contract running into millions of dollars in 2007 has such a balance of book and you take such a company serious? Your comments so far clearly shows your a glorified wannabe and lack the technical know-how and first hand experience on how technical ventures are executed.

Rossikk: Why not? Dangote alone is investing $8 billion in a refinery here. In addition to his $2 billion cement factory, total, $10 bill. If one man can invest $10 billion why can't global investors put in $100 bill?

Please do not foolishly compare Dangote who has a high liquidity ratio and already well established huge investment portfolio to a bunch of clowns! Dangote can engage any standard financial house and borrow billions of dollars from them to execute His business plans and they know He has the portfolio to pay some of that money back!

Billyonaire: So after all this grammar. Which company do you call nonentity, cos that's the foundation of your mistake. You do not have to educate me on the things you know not.

Remember your antecedent on NL is well known as a wannabe Several of your post relating to similar topic has exposed you as a simpleton that should swallow His pride and go educate Himself. In any case, glorified clowns like you currently take reign in the country, so why won't such companies take the country for a ride? Imagine someone like you being a member of the technical team of the President, how on earth will a toothpick company like ANITA not find its way into Nigeria

Rossikk: I'm willing to bet you'll change your tune as the nation transforms over the next decade in an avalanche of advanced roads, solid power supply and high speed rail.

Mr wish washy, this in no news, even a five years old child will predict this, we are tired of tomorrow this tomorrow that. The way a man lays the foundation of a house tells you the kind of building He intends to build upon it

Billyonaire: You are not adequately informed. You can stick to politics where you have little knowledge of its dynamics than use sentiments on Business which is purely acumen based. A company providing Technical Expertise in any Joint Venture or Equity Partnership does not need to have a kobo on its balance sheet. The party providing the funding is where lies the Proof of Funds. Even, at that, they do not even need to be upfront 100%, cos finance houses can always bankroll any venture with prospective ROI and profiteering. This Pessimism is why you smoke Garri while I fly in private jets. Be Positive!

Technical expertise my foot. Do you even have an idea of what company valuation and risk portfolio is all about? Let me educate you a little, in today's business climate, every technical partner is a RISK SHARING PARTNER, RSP, meaning they will need to have some liquidity backing from a financial firm to be able to engage in serious business.

So in your shallow wisdom, you would expect a company wanting to invest in a country billions of dollars would engage a nonentity of a company whose financial books is comparable to that of bankrupt entity? No seriously, you really think any serious investor will engage such a company as a technical partner except such a company wants to engage in fraud? I really do not know how some of you think.

Anambra to set the stage for operation REAL CHANGE.... Though I am not from Anambra, my encounter with people from that state whenever they talk about politics and governance never fail to mention Chris Ngige even thoughHe had a short sting as a governor, it does appear He did a few good things that have kept people from that state wishing He had stayed longer.... Time for Anambra to be redeemed ?

EPOMA: Very soon all his tricks will be exposed, How can a 4 lane road be costing 2 billion Naira per kilometre ,Only in Akwa Ibom

That was why Oshiomhole chased the same crooks away from Edo state! Oh.. Akwa-Ibom has gone to the dogs

taharqa: No where in dis article did d Minister of Works say that Nigeria was going to 'borrow' ALL d shortfall of #961bn needed to complete d many road projects truout d country. I repeat: NO WAS IT STATED. What d Min talkd about was that d Govt was working at exploring Multilateral Alternative Funding Schemes for d road sector (Use of Infrastruction Bonds, Pensions Fund, Sovereign Wealth Fund, PPP, Borrowings, Special tax, Special Interventions like SURE-Petc) to supplement d VERY INADEQUATE budgetary votes. If d journalist dat wrote dis article was not so clueless about d Road Sector Reforms and new Bill bn workd on currently by d Ministry and d NA, he may hv savd himself sm Shame. Then again, who am I kidding? The Game is PROPAGANDA....... The Works Ministry shld continue what they hv bn doing in d last yr or so, cos their heads and hands are 'is' d right place

Whoever say you are not mentally challenged must Himself be intellectually deficient! ... A government shopping for money is going to get some freebies right Chairman of the republic of OLODONISTAN

Goddex: But honestly, ministry of works was allocated about 128 billion naira in 2013 budget meanwhile, Nigeria is so large. The truth is, how many roads can 128 billion actually build in a year? Nigeria is a poor country! The whole federal budget in a year for a vital ministry like works is not upto 1 billion dollars.

Will you shut up A country that makes $200 million daily from just proceed of oil alone is a poor country? You really need your head to be examined. The crooks know 2015 is their burial and they want to loot the treasury and plunge the books into red! Where are the billions raised from the partial subsidy removal