I noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses.

This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote.

The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses.

They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business.

Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella.

Dangote started hiring Indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them.

Hiring these guys comes at a steep price.

Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency.

Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them.

You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion.

Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him.

He has been with him since 1992, when he joined the business as a general manager.

At that time, Dangote was still a mega importer and a trader.

Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company.

He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa.

When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year.

Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. .

The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national.

The same with the CEO of Dangote Cement.

Now I want to understand:

Why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, Indians, or Lebanese than Nigerians to manage their businesses in Nigeria?

Are they more ruthlessly efficient than their Nigerian business executives?

Is there any reason why this is so?

Hamachi:
I noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses.

This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote.

The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses.

They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business.

Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella.

Dangote started hiring Indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them.

Hiring these guys comes at a steep price.

Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency.

Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them.

You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion.

Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him.

He has been with him since 1992, when he joined the business as a general manager.

At that time, Dangote was still a mega importer and a trader.

Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company.

He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa.

When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year.

Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. .

The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national.

The same with the CEO of Dangote Cement.

Now I want to understand:

Why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, Indians, or Lebanese than Nigerians to manage their businesses in Nigeria?

Are they more ruthlessly efficient than their Nigerian business executives?

Is there any reason why this is so?

Very revealing backstory there. So, he was once a trader. It's funny how some people taunt other upcoming traders as if they are the very cause of our bad economy, simply because some of them come from a specific tribe.

That aside, I think it's still cheaper to have Indians, Pakistanis, and other nationals at the helm of affairs. Most Nigerians have a bad mentality towards working for "another man" at that level. A typical Nigerian will try to divert funds to establish his own businesses, put square pegs in round holes in the name of nepotism, and sabotage the business at worst.

Just check how many government-owned businesses have been killed by poor management.

At the end of the day, what matters most is the net profit margin and growth of the business.

richforever123:


NDIC will give you 500,000 if the bank goes bust, Microfinance Banks are a lot more riskier, If the money is huge you are better investing with a SEC regulated firm

hmm, what's your take on TrustBanc Money Market Fund through cowrywise dou.

The uncomfortable truth here is because most Nigerians are thieves, if you have a big company and employ 100% Nigerians, you should prepare for bankruptcy in few years or months time. Because the main aim of 95 to 98% of Nigerian workers would be to steal from you and falsify all necessary documents.

Nigerians are some of the most fraudulent and criminally minded humans on earth, no matter how much you gonna be paying them as salaries, their criminal instinct will always tell them they could rise and become the boss, intead of taking orders from their fellow mate.

Nigerians don't like taking orders or play by the rules. This is one of the main reasons we have so many many fraudulent churches all over the country, assistant pastor or a regular church member would get tired of taking orders from senior pastor, his/her aim would be to open his own church, and the circle continues.

Either we believe it or not, we are not just normal humans, this is why we are the most disliked nationals on earth, not just our leaders, but our society is too hostile and unhealthy for rearing animals, much more raising human beings.

I rest my case.

Hamachi:
I noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses.

This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote.

The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses.

They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business.

Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella.

Dangote started hiring Indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them.

Hiring these guys comes at a steep price.

Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency.

Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them.

You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion.

Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him.

He has been with him since 1992, when he joined the business as a general manager.

At that time, Dangote was still a mega importer and a trader.

Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company.

He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa.

When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year.

Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. .

The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national.

The same with the CEO of Dangote Cement.

Now I want to understand:

Why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, Indians, or Lebanese than Nigerians to manage their businesses in Nigeria?

Are they more ruthlessly efficient than their Nigerian business executives?

Is there any reason why this is so?

We treated this issue around 2020. Seems just like yesterday. One of the major takeaways from that discussion is this quote below. I had to go and search for it. You can use it to check how the discussion at that time went.

I have bolded what I believe is the answer to your question. Of how a Nigerian reluctantly had to start employing foreigners to take up positions in Nigeria because of our bad character as Donbrig has also correctly stated.

ultron12345:


I can relate very well with your second paragraph.

I run a manufacturing business and a trading business.
The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff. Everyone we hire is appears to be on a mission to steal as much as possible. Inflated invoices, recording less than the actual number of units produced. The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management. There was a year I overhauled management 3 times in a year. But I've found a solution sha, I now use Indian management. So competent, so honest and so straightforward. I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management. Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions. I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff. The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions. I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money. This money spent on security companies is even enough to be declared as profit. We have to spend on CCTV, biometric scanners and other things that wouldn't not be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer conpaetency but honesty. At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how they are no jobs. I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business. So instead of investing in the real sector and creating jobs, they'll just buy treasury bills, while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we cant because you can't trust anyone. This is one advantage the Indians and Lebanese have over us in Nigeria. They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go
ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing
your money. On the days you're around at the business, the money
realized will be x10 of the money realized when you're not around.
Because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the
total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

You'll see them with that their evil, wicked saying "na where person dey work, na there e dey chop, na e make dem dey callam workchop/workshop"...... Just imagine, justifying theft at work.

And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

Nigerians are the problem of Nigeria.

Hamachi:
I noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses.

This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote.

The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses.

They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business.

Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella.

Dangote started hiring Indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them.

Hiring these guys comes at a steep price.

Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency.

Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them.

You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion.

Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him.

He has been with him since 1992, when he joined the business as a general manager.

At that time, Dangote was still a mega importer and a trader.

Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company.

He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa.

When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year.

Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. .

The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national.

The same with the CEO of Dangote Cement.

Now I want to understand:

Why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, Indians, or Lebanese than Nigerians to manage their businesses in Nigeria?

Are they more ruthlessly efficient than their Nigerian business executives?

Is there any reason why this is so?

Donbrig:
....Either we believe it or not, we are not just normal humans, this is why we are the most disliked nationals on earth, not just our leaders, but our society is too hostile and unhealthy for rearing animals, much more raising human beings....

Chai! Oga, please calm down. 'Nigeria go beta'... by fire, by force 😂😂😂

phoinix:


Very revealing backstory there. So, he was once a trader. It's funny how some people taunt other upcoming traders as if they are the very cause of our bad economy, simply because some of them come from a specific tribe.

......

I wouldn't bother much about ramblings of the unhinged fellow and also did not find it surprising for someone who had been actively hateful on other sections of NL. For people like him, what drives the hate is the obvious inability to meet up to a group they hate plus the shortsighted idea that nepotism would some day trump hardwork.

Conversely, what I found rather interesting was the relative silence that ensued here while he rambled on. It was as if folks were unable to call out his folly

Donbrig:
The uncomfortable truth here is because most Nigerians are thieves, if you have a big company and employ 100% Nigerians, you should prepare for bankruptcy in few years or months time. Because the main aim of 95 to 98% of Nigerian workers would be to steal from you and falsify all necessary documents.

Nigerians are some of the most fraudulent and criminally minded humans on earth, no matter how much you gonna be paying them as salaries, their criminal instinct will always tell them they could rise and become the boss, intead of taking orders from their fellow mate.

Nigerians don't like taking orders or play by the rules. This is one of the main reasons we have so many many fraudulent churches all over the country, assistant pastor or a regular church member would get tired of taking orders from senior pastor, his/her aim would be to open his own church, and the circle continues.

Either we believe it or not, we are not just normal humans, this is why we are the most disliked nationals on earth, not just our leaders, but our society is too hostile and unhealthy for rearing animals, much more raising human beings.

I rest my case.

While we can't dispute the veracity of your post, however I want to add that main reason for all what you wrote is that the bad and undesirable Nigerians amongst us are condoned, encouraged to misbehave.

ojesymsym:
We treated this issue around 2020. Seems just like yesterday. One of the major takeaways from that discussion is this quote below. I had to go and search for it. You can use it to check how the discussion at that time went.

I have bolded what I believe is the answer to your question. Of how a Nigerian reluctantly had to start employing foreigners to take up positions in Nigeria because of our bad character as Donbrig has also correctly stated.

When he initially used/engaged the services of Nigerians the recruitment process used in hiring them must have been extremely flawed, they in their usual fashion must have used nepotism, tribalism to hire the Nigerian staff. They can't tell me that there are not honest Nigerians. But they wont hire them since they are not their brothers, from different religion or tribe.

They don't look flashy, exciting, beautiful.

IMO, You guys are missing the point here as far as I am concerned.


Pay a Nigerian that same 300m Naira a year, and see if you will not get his full loyalty and utmost performance.


You an Indian 300m Naira and pay a Nigerian 12m Naira and you expect to get same result.


It doesn't work that way folks.


That 300m naira you are paying that Indian, is what it takes to buy his loyalty and efficiency....know this and know peace.

Pesbest:
IMO, You guys are missing the point here as far as I am concerned.


Pay a Nigerian that same 300m Naira a year, and see if you will not get his full loyalty and utmost performance.


You an Indian 300m Naira and pay a Nigerian 12m Naira and you expect to get same result.


It doesn't work that way folks.


That 300m naira you are paying that Indian, is what it takes to buy his loyalty and efficiency....know this and know peace.

Gbam. My firm once had a proposal with a financial institution. The MD slashed the proposal to about a third of the value that the foreign owners accepted and when asked why, she said 'why i should i pay such an amount to Nigerians'.

Pesbest:
IMO, You guys are missing the point here as far as I am concerned.


Pay a Nigerian that same 300m Naira a year, and see if you will not get his full loyalty and utmost performance.


You an Indian 300m Naira and pay a Nigerian 12m Naira and you expect to get same result.


It doesn't work that way folks.


That 300m naira you are paying that Indian, is what it takes to buy his loyalty and efficiency....know this and know peace.

Gbam, Gbamer, Gbamsulotely, End of discussion, next news jare l visited the United Arab Emirates and l went to see my friend who owns a company plus chains of nice Italian restaurant and cuisines in Dubai Marina, Mall of the Emirates etc ,

He employed an India accountant, the first day l visited the factory l was shocked to see that the Indian accountant brought other illiterate Indians who could barely speak English language all working in the account department, and l knew that my friend will soon kiss the dust in Dubai,

To cut my narrative short, the bastard Indian accountant, cooked and manipulated the company account,fled the country and several banks filed police report for loans default against the company and my Italian friend was arrested by Dubai CID and put in detention, company closed down completely, after my vacation, as at the time of my departure from Dubai to my base, the Italian man was still in detention center, because in Dubai if you take bank loan and you default, you are not leaving the country ooo, your name will be flagged by Dubai immigration at all the Airports and land borders in the UAE and you go sleep for kiri kiri prison until you pay all your debts or you die in jail

Donbrig:
The uncomfortable truth here is because most Nigerians are thieves, if you have a big company and employ 100% Nigerians, you should prepare for bankruptcy in few years or months time. Because the main aim of 95 to 98% of Nigerian workers would be to steal from you and falsify all necessary documents.

I disagree with you sir. Most Nigerians are not thieves. Nigerians are the most hardworking, honest and intelligent people you can find all around the world.

In the US and other western countries, Indians are in management level, not because they are honest but because there are certain things they are very good in.

In nigeria most people that are into trade and buying and selling are from the South East, most people from the South West are sophisticated in running corporate business and politics.......

The current PM of UK is from India, does it mean most UK people are thieves?

The lebanese have a niche they control, just like jews.

Rap music and some sports in the US is dominated by blacks, does it mean whites are lazy?

Pesbest:
IMO, You guys are missing the point here as far as I am concerned.


Pay a Nigerian that same 300m Naira a year, and see if you will not get his full loyalty and utmost performance.


You an Indian 300m Naira and pay a Nigerian 12m Naira and you expect to get same result.


It doesn't work that way folks.


That 300m naira you are paying that Indian, is what it takes to buy his loyalty and efficiency....know this and know peace.

I got iron scrap for sales in lagos , whatsapp me on 081==426=68942. please no long chain

Donbrig:
The uncomfortable truth here is because most Nigerians are thieves, if you have a big company and employ 100% Nigerians, you should prepare for bankruptcy in few years or months time. Because the main aim of 95 to 98% of Nigerian workers would be to steal from you and falsify all necessary documents.

Nigerians are some of the most fraudulent and criminally minded humans on earth, no matter how much you gonna be paying them as salaries, their criminal instinct will always tell them they could rise and become the boss, intead of taking orders from their fellow mate.

Nigerians don't like taking orders or play by the rules. This is one of the main reasons we have so many many fraudulent churches all over the country, assistant pastor or a regular church member would get tired of taking orders from senior pastor, his/her aim would be to open his own church, and the circle continues.

Either we believe it or not, we are not just normal humans, this is why we are the most disliked nationals on earth, not just our leaders, but our society is too hostile and unhealthy for rearing animals, much more raising human beings.

I rest my case.

What you said epitomises self hate and inferiority complex- The idea that someone is inately superior to you.

I've been around the world and can tell you human nature is same everywhere. India is in alot of ways similar to Nigeria- high birth rate, huge poverty, discrimination e.t.c. They have made steady progress recently. We can make same too.

There are loads of Nigerians who are making good strides both at home and abroad. Nations go thru phases. Europeans have been in a constant deadly rivalry for the better part of their existence.

AngelicBeing:
Gbam, Gbamer, Gbamsulotely, End of discussion, next news jare l visited the United Arab Emirates and l went to see my friend who owns a company plus chains of nice Italian restaurant and cuisines in Dubai Marina, Mall of the Emirates etc ,

He employed an India accountant, the first day l visited the factory l was shocked to see that the Indian accountant brought other illiterate Indians who could barely speak English language all working in the account department, and l knew that my friend will soon kiss the dust in Dubai,

To cut my narrative short, the bastard Indian accountant, cooked and manipulated the company account,fled the country and several banks filed police report for loans default against the company and my Italian friend was arrested by Dubai CID and put in detention, company closed down completely, after my vacation, as at the time of my departure from Dubai to my base, the Italian man was still in detention center, because in Dubai if you take bank loan and you default, you are not leaving the country ooo, your name will be flagged by Dubai immigration at all the Airports and land borders in the UAE and you go sleep for kiri kiri prison until you pay all your debts or you die in jail

Lol, when it comes to top managerial positions, Indians leave Nigerians in the dust. It's a fact. Look at most top American companies, and you'll see that Indians are very well represented. I can count at least 15 top notch companies, not some upcoming or managing venture.

The story you told does not support the conclusion you are trying to pass. I even doubt its veracity. Like seriously, the accountant was taking loans without the MDs knowledge? It is either you are outrightly lying or the Italian dude was very naive.

And then, the other poster yearning nonsense. Yorubas are sophisticated and company managers while the Igbos are traders? It's like the majority on this forum are tribal bigots.

Ignorant bigots that can't even do simple research before regurgitating the nonsense they share in their small circles.

You pay an Indian 300m, house in VI, cook, Gardner, security men, Driver and a car and Genset also.

Now you pay a graduate working under him 300k and nothing else.
300k for one month is 3.6m in a year.
Expensis,
1. House rent 2m.
2. Transport to and from the company 2k daily by 5days a week by 52 weeks = 520k
3. Energy bills, compound cleaning, sanitation levy and cost of pumping water 40k monthly = 480k.
4. If you have worked with indians, you will know that you will also work from home, so u will buy like 2 litres daily ie 1200 by 365 days= 450k.

Total 2m+ 520k+ 480k + 450k = 3.450m
Not you have to dress corperately and it comes at a cost.
Where is your feeding money?
Where is your savings?
Where is money to support your family?
Where is the money to pay children school fees?
Are you ever think of going to buy car?
How can you support your family members?

This is the problem.
Most state governors pay civil servant 20k per month when they know that transport alone is like 2k daily.
One governor once said that the salary of a graduate can not buy a bag of rice.
When ever you see an Indian barking at other staff. just know that his condition is better.

phoinix:


Lol, when it comes to managing positions, Indians leave Nigerians in the dust. It's a fact. Look at most top American companies, and you'll see that Indians are very well represented. I can count at least 15 top notch companies, not some upcoming or managing venture.

The story you told does not support the conclusion you are trying to pass. I even doubt its veracity. Like seriously, the accountant was taking loans without the MDs knowledge? It is either you are outrightly lying or the Italian dude was very naive.

And then, the other poster yearning nonsense. Yorubas are sophisticated and company managers while the Igbos are traders? It's like the majority on this forum are tribal bigots.

Ignorant bigots that can't even do simple research before regurgitating the nonsense they share in their small circles.

lying for what exactly, to get a medal from you or what, l am telling you first hand information of what I witnessed in the company and you are saying something else,
Whether you believe the story or not is irrelevant to me, the accountant was not the one taking the loan, the loan was taken by the CEO based on the Financial advice the Management team led by The accountant gave to him, abeg l no get time to argue back and forth with you, Secondly the CEO was not Naive, all the problems he had was created by the Accountant

.

Thank u all for tbill updates

.

Rizin:
You pay an Indian 300m, house in VI, cook, Gardner, security men, Driver and a car and Genset also.

Now you pay a graduate working under him 300k and nothing else.
300k for one month is 3.6m in a year.
Expensis,
1. House rent 2m.
2. Transport to and from the company 2k daily by 5days a week by 52 weeks = 520k
3. Energy bills, compound cleaning, sanitation levy and cost of pumping water 40k monthly = 480k.
4. If you have worked with indians, you will know that you will also work from home, so u will buy like 2 litres daily ie 1200 by 365 days= 450k.

Total 2m+ 520k+ 480k + 450k = 3.450m
Not you have to dress corperately and it comes at a cost.
Where is your feeding money?
Where is your savings?
Where is money to support your family?
Where is the money to pay children school fees?
Are you ever think of going to buy car?
How can you support your family members?

This is the problem.
Most state governors pay civil servant 20k per month when they know that transport alone is like 2k daily.
One governor once said that the salary of a graduate can not buy a bag of rice.
When ever you see an Indian barking at other staff. just know that his condition is better.

The major reasons for fraudulent activities in an organization.

phoinix:


Lol, when it comes to top managerial positions, Indians leave Nigerians in the dust. It's a fact. Look at most top American companies, and you'll see that Indians are very well represented. I can count at least 15 top notch companies, not some upcoming or managing venture.

That's not necessarily a good thing..

Take India and China as an example; they were both large countries which were very poor in the 60s after decades of colonial oppression.
China found a way to develop its talent and retain/bring back its best heads. India OTOH, exported its best heads. The economic trajectory of both has been telling with India playing catchup.
The likes of Rishi Sunak and Satya Nadella are are very brilliant but primarily benefit the UK and US respectively. They have little or no impact on the Indian economy or the livelihood of the average Indian child.

P.s Had to split the timeline to show both nations were very close earlier on

Dum20:



I disagree with you sir. Most Nigerians are not thieves. Nigerians are the most hardworking, honest and intelligent people you can find all around the world.

In the US and other western countries, Indians are in management level, not because they are honest but because there are certain things they are very good in.

In nigeria most people that are into trade and buying and selling are from the South East, most people from the South West are sophisticated in running corporate business and politics.......

The current PM of UK is from India, does it mean most UK people are thieves?

The lebanese have a niche they control, just like jews.

Rap music and some sports in the US is dominated by blacks, does it mean whites are lazy?

Shut up, You are talking trash. I guess the owner of innoson, nestoil, fidelity, ibeto cement etc are just traders? Tribal bigot

DrAkpamudehe:


Shut up, You are talking trash. I guess the owner of innoson, nestoil, fidelity, ibeto cement etc are just traders? Tribal bigot

My brother, I am not trying to say one ethnic group is better than the other. if that is the impression you got. I want to apologize for it. Sorry about that.

What I was trying to say is that, if you go to lagos, abuja, kaduna, jos, aba ..... and walk into any of their major markets, you would think that you are in one of the south eastern states. This is because most of the shop owners and business men there are from the east. Those people are not poor. They are billionaires and have mansions in their villages and these towns. Take for example, Idumota, Alaba market, the biggest traders there are from the east and dominate that business.

Take suya and currency exchangers, that market is dominated by northerners, 99%. It is difficult to see someone from the southeast or southwest selling suya or doing currency exchange in lagos, abuja, onitsha, kaduna.


That is why i said, Indians dominate the corporate world not only in Nigeria but in the US and UK. The current prime minister of UK is from India.

The point i was trying to make is that Dangote and Adenuga hire indians not because Nigerians are thieves but because that is a line of business indians dominate around the world not just nigeria.

I am not an ethnic bigot. No tribe is better or bigger than the other. But there are areas of life that each one dominates in.

Please I come in peace.

Oyindamolah:
The major reasons for fraudulent activities in an organization.

including the Nigerian federal and state civil service!

VeeVeeMyLuv:
including the Nigerian federal and state civil service!

Those ones are "Agba" corruption.
Have you heard anything from code of conduct since the new administration came on board?

Dum20:

In nigeria most people that are into trade and buying and selling are from the South East, most people from the South West are sophisticated in running corporate business and politics.......

Dum20:


My brother, I am not trying to say one ethnic group is better than the other. if that is the impression you got. I want to apologize for it. Sorry about that.

What I was trying to say is that, if you go to lagos, abuja, kaduna, jos, aba ..... and walk into any of their major markets, you would think that you are in one of the south eastern states. This is because most of the shop owners and business men there are from the east. Those people are not poor. They are billionaires and have mansions in their villages and these towns. Take for example, Idumota, Alaba market, the biggest traders there are from the east and dominate that business.

Take suya and currency exchangers, that market is dominated by northerners, 99%. It is difficult to see someone from the southeast or southwest selling suya or doing currency exchange in lagos, abuja, onitsha, kaduna.

LOL, the South West dominates 'sophisticated corporate business,' according to you. Can you back this up with numbers, please?

Let me point out the bias in your reasoning. It is called the zero-sum fallacy, a cognitive bias that assumes there is a fixed amount of wealth, resources, success, or occupations, and that the domination of an economic segment by one group must come at the expense of other activities.

Your inference that since most traders in these markets are Igbos and therefore must be few doing 'sophisticated corporate business' is wrong.

#Letusstopsubtlepropaganda

How you always manage to bring tribe into discussions on finance is legendary. You do it in a very subtle way that if one is not trained to see it, you will blame others when they react.

See how you took out one sentence from a very long write up, twisted it to suit your narrative that is completely unrelated to the issue that gentleman or woman raised. Very shameful if you ask me.

The contributor wanted to know the justification for employing Asians who are supposedly very expensive compared to using Nigerians for those positions and the only thing you could say in your comment before you edited it later to contain the second part was to divert it to a tribal issue. That contributor said Nigerians, he did not say tribe A or tribe B, you steer it that way.

As if on cue, the discussion is beginning to leave the main meat of the observation into a tribal discuss.
I read your comments on the NSE thread and I am sure you know you are knowledgeable about financial but always resist the urge to bring tribal discourse into financial discussions, I know someone also made the observation even on that thread, that is why there is a thread for politics where there is a lot of gba gbos. 

phoinix:


Very revealing backstory there. So, he was once a trader. It's funny how some people taunt other upcoming traders as if they are the very cause of our bad economy, simply because some of them come from a specific tribe.

Only the upper part was his comment initially, this second part was added much later

That aside, I think it's still cheaper to have Indians, Pakistanis, and other nationals at the helm of affairs. Most Nigerians have a bad mentality towards working for "another man" at that level. A typical Nigerian will try to divert funds to establish his own businesses, put square pegs in round holes in the name of nepotism, and sabotage the business at worst.

Just check how many government-owned businesses have been killed by poor management.

At the end of the day, what matters most is the net profit margin and growth of the business.

9jatriot:
How you always manage to bring tribe into discussions on finance is legendary. You do it in a very subtle way that if one is not trained to see it, you will blame others when they react.

See how you took out one sentence from a very long write up, twisted it to suit your narrative that is completely unrelated to the issue that gentleman or woman raised. Very shameful if you ask me.

The contributor wanted to know the justification for employing Asians who are supposedly very expensive compared to using Nigerians for those positions and the only thing you could say in your comment before you edited it later to contain the second part was to divert it to a tribal issue. That contributor said Nigerians, he did not say tribe A or tribe B, you steer it that way.

As if on cue, the discussion is beginning to leave the main meat of the observation into a tribal discuss.
I read your comments on the NSE thread and I am sure you know you are knowledgeable about financial but always resist the urge to bring tribal discourse into financial discussions, I know someone also made the observation even on that thread, that is why there is a thread for politics where there is a lot of gba gbos. 

LOL, this is obviously a misconception on your part. I never posted the first part to edit it later. The first part is not even about the OP; it is about someone on this forum with whom I had a very long exchange on some erroneous claims he was putting out. I was surprised that his role model, Dangote, was also a trader.

Please, if you have the time, you can check my posts prior to that long-winded exchange if I am particular about tribe.

I know you were talking about ah..b. Even that long discussion which I also followed before they all got deleted, you also did share a part of the blame.
My point is that you should have stayed on topic like those who commented before you did, rather than do an innuendo on tribal issues,

This thread has many silent readers, I read your comments and I can tell you are knowledgeable in finance, don't let tribal comment tint your discuss.

Ah..b was also knowledgeable in his own way with finance but today, because of the obvious tribal tint, the baby has been thrown away with the bath water.

Let us respect the sanctity of this thread please. Thanks for being polite though.

Thanks

phoinix:


LOL, this is obviously a misconception on your part. I never posted the first part to edit it later. The first part is not even about the OP; it is about someone on this forum with whom I had a very long exchange on some erroneous claims he was putting out. I was surprised that his role model, Dangote, was also a trader.

Please, if you have the time, you can check my posts prior to that long-winded exchange if I am particular about tribe.