Treasury Bills In Nigeria - Investment (1871) - Nairaland
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| Re: Treasury Bills In Nigeria by churro: 12:36am On Apr 17, 2021 |
ahiboilandgas:You're not entirely blameless yourself. |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 7:01am On Apr 17, 2021 |
churro:if u can show me just 1 productive contribution that u have every posted on Nairaland I will respond |
| Re: Treasury Bills In Nigeria by edoman2016: 7:48am On Apr 17, 2021 |
I need a serious advice here. I own a NAFDAC approved juice factory. So we have test runned and did trial production which was very successful. The samples were liked by the supermarkets and customers we give it to. Now the issue now is that we are commencing full commercial production this week. And I had an arrangement with a chdhood friend of mine who had access to about 400 supermarkets in Nigeria. He has always been in FMCG sales after NYSC days, well connected and well experienced in sales and distribution. He wants to be the distributor and the receiver of payment from the customers, he will deduct his commission and remit my due money from sales after 30 days of supply on credit to him Now, do you think the arrangement will favour me as the manufacturer, investor and sole owner of the factory. Should I develop my own in house sales team? even though I am not well connected to supermarkets in Lagos like him. I believe he is saving me the stress of customer acquisition. My fear is that most customers will know him as their supplier and not know anything about me as the business owner. What if in future, he raise capital and start his own factory and steal all my customers. I need advice on the way forward |
| Re: Treasury Bills In Nigeria by athorello(m): 8:05am On Apr 17, 2021 |
edoman2016:I'm yet a businessman and I'm not very familiar with FMGC sales but with my little banking experience, I will advise you to do NO FRIENDS thing. It's good that he's bringing his experience and connections which will be good for your business. However, you need to have a 3rd party agreement or legal contract involving both of of you and your bank. In that way his collections account from his customers (supermarkets) will be domiciled in your bank, and your banker will be mandated to debit him and credit you after 30 days. That shouldn't stop you from hiring at least two people to work on sales from in-house and they should be laising with your friend. Abeg, make we try to dey avoid unnecessary headaches. |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:05am On Apr 17, 2021 |
edoman2016:Your address, email address, phone numbers, website are on your products. Try and device a means of interacting with your consumers for feedbacks. Make sure you have legally documented agreement with your friend |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:08am On Apr 17, 2021 |
edoman2016:you should have a dealership scheme.where distributor apply and fullfill some legal term and condition and financial security before products are delivery . U can also have you sale representative that will open business relationships with super markets or sale points and do reconciliation weekly .that how plenty bakaries and fmgc make sale. U will be allocated a self in the supermarket and display your product next week the sale rep come around to audit stock and collect sales .u should be very careful of credit sale sha Nigerians are messy crew .jamil yourgourt used the credit scheme model and it back fired and factory is now closed |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:16am On Apr 17, 2021 |
Target the whole salers check for the main markers for drinks in your location and open a direct business relationship with them and also make direct sale via shop self .u need a sale rep and a marketing team to grow the market share then in future u can moved to credit sale to some selected dealers and bulk buyer can also come yo the factories sale office to buy once the product is now popular. |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:32am On Apr 17, 2021 |
edoman2016:what are your market entry STRATEGY it a must have or develop .how do you intend to grow markets share in a very competitive products (drinks) to do u intend to maintain and protect the markets share from competitor ...ask u self or your marketing manager this question .....i luv the fan milk strategy.....from factory to consumer direct and direct to the target markets (school ).they have been using a cooler instal on bicycle to deliver to students Nationwide at closing hours ....imagine if they where selling in supermarkets alone ...which student go leave class go shoprite to buy 100 naira fan milk |
| Re: Treasury Bills In Nigeria by Donbrig: 10:33am On Apr 17, 2021 |
No need going into production as a business man when you cannot have a direct contact with your consumers. Your direct contacts with those consuming your juice will determine your level of success. Once your business starts growing with more profits, it will be very very difficult for that your friend to be loyal to you and respect initial agreement. Money has a way of turning men with good characters into something you cannot imagine. No matter your agreement with your friend who has all the contacts with your custumers, you must find a way to also have direct contacts with your customers, and there are so many ways you can achieve that without betraying or offending your friend. edoman2016: |
| Re: Treasury Bills In Nigeria by Nobody: 11:48am On Apr 17, 2021*. Modified: 2:17pm On Apr 17, 2021 |
ahiboilandgas:Audio boss I hail o. I see that I am now living rent free in your audio brain ![]() So for this una holy month of Ramadan, na him you dey find trouble like this. Na wa o. Abeg no just make me spill tea wey go make you cry and disappear for months again ooo ![]() For now, I go just dey look you like this
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| Re: Treasury Bills In Nigeria by churro: 2:39pm On Apr 17, 2021 |
ahiboilandgas:like many others, I come here to learn. It isn't compulsory I contribute. You have made a lot of valuable contributions in the past, which most people appreciate. Please let's remain focus. Ciao! |
| Re: Treasury Bills In Nigeria by maishai: 8:02pm On Apr 17, 2021 |
edoman2016:Congrats on the full scale commencement of production....... First and foremost never give in to your fear even if it means ur friend will chop u @ first, he has d contacts and distributors who u want, infact give ur friend 100% trust, So u can learn his trade secrets faster, it might cost u a little profit @ first..... U have to start getting ur products out and start getting feedback so as to fine tune..... My dear ur friend is not the only marketer in Lagos, if he is getting such a wonderful deal, u will see the way fellow marketers go find you..... Business is a marathon, shortermers will fall by the wayside |
| Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 7:03am On Apr 18, 2021 |
emmanuelewumi:Lol, e go shock you. The new Africa Twitter office is in Ghana. And yes, it's a good thing for Ghana. In fact, the core focus of that office is to serve majorly Nigerians. So this your idea of "create job for Ghanaians, sell for Ghanaians" is nothing but patriotic blindness in the face of reality. There's a possibility that other companies like Apple, Snapchat, Tesla e.t.c will consider Ghana above Nigeria when entering African markets, and yes they will employ Ghanaians, build Ghana's economy and serve Nigerian market and there's absolutely nothing anybody can do about it. |
| Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 7:09am On Apr 18, 2021 |
Phyde:Depends on your objective. Though most coins are rising at this time, it isn't conventional wisdom to purchase them at their ATH. But if your plan is to hedge against the naira, you will never be late to buy, because naira is guaranteed to diminish faster than a BTC/USDT pair can fall. |
| Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:43am On Apr 18, 2021 |
Tobex4realTobex234:Facebook, Microsoft, Apple, Coca-Cola etc headquarters are also in Ghana. |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:01am On Apr 18, 2021 |
Tobex4realTobex234:how do we work toward making Nigeria more attractive and business friendly to the tech firms .my first suggest is we should try as much as possible to vote in a president that have goverance capacity to lead a 21 centuary Nation..Not the like of tinubu, Kalu , atiku and co.we need a CEO of a prisident that understand the task ahead, that can visualize the future and create it , that can be held accountable to the task and target given .am very much suprised that buhari became the president of a country with youths as the majority .going futher am even amazed that same youth and projecting a tinibu to carry on the baton. |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:09am On Apr 18, 2021 |
The next president of Nigeria must not come from the political class. They lack the ability to govern a proper nation and cannot assemble a team of minister and director of Mdas that can also dilivery set goals.Nigeria currently has about 10m out of school kids therefore if we must reverse the ugly statistics the next president and his team must be able to provide blue prints and road maps on how to halt and reverse this problem within set and verifiable time line .if he fails or busy going up and down to the UK in private jets on our on expense we vote or impeach him out . |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:18am On Apr 18, 2021 |
18 months to another presidential election no body has said anything .no interaction no proposal no blue print no strategies and no body will be held accountable. if tinibu want to be president (God given right ) let have his policy working document.,let see how he intend to increase the power generation in Nigeria .where he intend to source finance to achieve it how he intend to increase the tax based how he intend to cut cost of goverance to improve security .this are suppose to the the current issue been discussed in town hall meetings .but no it buhari 3 term agenda .tinubu sharing money and rice in Kano,atiku chilling in Dubai waiting for primary .Kalu and umahi hoping prisendcy must be zone to the east .notting concern them with the threats pose be renewable energy to the crude extracting economy of Nigeria.. |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:24am On Apr 18, 2021 |
How on earth can we have a material like Adesina of African development bank presidency and be projecting and talking of Kalu and tinubu as potential leaders and wonder why Twitter is moving to Ghana. Soon CBN is move to Ghana and serve the Nigerian state from here. 7 power plant are currently out of action in Nigeria and the power situation has worsen after spending over 15 bn usd and 20 year of planing and implementation .and we wonder why Twitter ,German vaccine lab is choosing ghana .u want Twitter to be runing on generators abi continue |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:33am On Apr 18, 2021 |
Going forward Nigerians host million of uninform people that have zero critical thinking ability and are voters .a shoe shinner has the same voting right with the professor of metaphysics and sadly the shoe shinner are in Majority and more dedicated voters .other that have the critical thinking ability trained in Nigeria universities are deploying it to analyse big brother Nigeria (over 50m votes ) following Bob risky handle and doing yahoo yahoo and slaying on Instagram. While there fire on the mountain. Voters education is the most important thing to halt his mismatch. One the shoe shinner is made to understand the dangers of voting based on emotions like he already roasting now with huge insecurity,33 percent unemployment etc he will have a rethink |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 8:34am On Apr 18, 2021 |
Chai within concern me am just a resident of Nigeria not a Nigerian |
| Re: Treasury Bills In Nigeria by Donbrig: 10:00am On Apr 18, 2021 |
Wahala be like bicycle. Too many problems in Nigeria. You have made valid points. Our youths are systematically part of our problems in Nigeria, they want to take over, but don't have any agenda or road map to achieve that. It is heart-wrenching that Nigerians are even considering crooks like Tinubu, Atiku and the rest to be our next president, same people who landed us in this misery we found ourselves today. I will prefer Osinbajo to many of these political warlords like Tinubu, though Osinbajo had been turned into a vegetable and rendered useless. Nigerians who have what it takes to bring us out of this agony don't have the resources or finance or connections to become president. Come to think of it, don't you think we have the kind of leaders we truly deserve as a nation? Where and how do you expect us to find honest leaders with integrity and vision in a dishonest country with thieves and manipulators everywhere? It won't be easy to get things better in Nigeria anytime soon, because our next president might likely be one of those criminals who helped in destroying our system in the first place, because they have all it takes to win every election however they want it. ahiboilandgas: |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 10:11am On Apr 18, 2021 |
Donbrig:valid points .our leader are a reflection of our society. So we must change the societal orientation first to have goods and capable leaders .strangely I created a topic for who is the best potential president 2023 .osinbajo/zulum, Atiku /obi ,tinubu/ ganduje, tambuwal/wike , umahi / kwankwaso. We only had about 8 response from a forum that has over 2m Nigerians .but if i create a topic on BBN and kidwayya excapade 100,000 young Nigeria on nairaland will comment for and against. Then complain of bad leadership |
| Re: Treasury Bills In Nigeria by afroxyz: 10:45am On Apr 18, 2021 |
ahiboilandgas:The thing is that the institutions and platforms which would bring about the crop of young leaders we need are non existent. Where is NANS? Where is the NLC? NANS was among the pressure groups that sat for the 1979 constitution. But these umbrellas are no longer existent, so definetely the youth would be roaming about like sheep. I am even of the strong opinion that all these twitter influnecers and programs like BBN are projected to distract the youth. But we are not even thinking that far |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 10:50am On Apr 18, 2021 |
afroxyz:how do we create new platforms .notting is impossible. Can we reorient 1m Nairaland users |
| Re: Treasury Bills In Nigeria by afroxyz: 10:59am On Apr 18, 2021 |
ahiboilandgas:Let us go back to our secondary schools and universities. Thise are the best placea to sow seeds of change. We don't need campus fellowship but critical groups Set up platforms and groups which would sensitize them. Bring back debate clubs, science clubs, interactive clubs. Bring back subjects like history so that people would know where they are going to because they understand where they are coming from. Instil a sense of self confidence in the youths not making a whole deprtment wear school uniforms in the name of departmental code. Once these seeds have been planted, its only a matter of time that it would transcend to the wider society |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 11:01am On Apr 18, 2021 |
afroxyz:nice suggestion . |
| Re: Treasury Bills In Nigeria by afroxyz: 11:04am On Apr 18, 2021 |
ahiboilandgas:This is actually my grouse with Nairaland. No innovation or new feature has been adfed to this site sincw its inception. Still the same yser interface while the like of Facebook and Twiyter are evolving. Nairaland has failed to realize its role in reorientating the nigerian youth. This is the 5th or 6th most popukar site visited by Nigerians, yet they have failed to realize that this site is actually like an embassy that can sell a positive image of Nigeria to Nigerians. Instead the moderators are happy to allow vile tribal arguments and meaningless topics to grace the front page because they are also beneficiaries of a broken system. |
| Re: Treasury Bills In Nigeria by ahiboilandgas: 11:07am On Apr 18, 2021 |
afroxyz:very true .how do they benefit from the tribal argument they allow to fester |
| Re: Treasury Bills In Nigeria by afroxyz: 11:08am On Apr 18, 2021 |
Yet again, while it is conveninent and easy to blame the youths, we forget the role of the older generation in perpetuating this mess. Obasanjo, Gowon, Buhari et al were all in their 30s when they tasted power. If the older generation did not pass baton of power they would not have had such opportunity. However, it has gotten to their turn and they have sat tight and destroyed social institutions. They have made sure that those who have made it are beneficiaries of the system which would make change almost impossible. I remember vividly that during the endsars protest, some people here were complaning how it was affecting their biz. And yet we would always blame the youth. |
| Re: Treasury Bills In Nigeria by afroxyz: 11:12am On Apr 18, 2021 |
ahiboilandgas:Because such threads generate more comments. The same thing plays out in the broader society. Thats why the winner of BBN takes home N80m, meanwhile the winner of Cowbell mathematics no even see N5m. |
| Re: Treasury Bills In Nigeria by Donbrig: 11:21am On Apr 18, 2021 |
There should be special TV stations for youths and parents on how best to build and live in a sane society, Parental failure is one reason our society is so messed up with criminals. I think there should be special programs or seminars in every learning institution to educate parents on how best to raise kids, most parents only know how to make babies and don't know how to raise them. 80% of our societal problems boils down to parental failures in raising their kids the right way. Years back, if you have money or spent money you didn't work for, you better have good explanations for your parents or you gonna be in trouble. But today, some of our parents even encourage their kids to go into crimes and doesn't question their excesses, and we want our govt to solely build a sane and enabling society for everything to thrive. |
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