₦airaland Forum

Acekidc4:
We shouldn't be depending on jobs too much🤔we all should be productive.

Acekidc4:
What positive thing has microsoft presence in Nigeria done to your personal life🤔 Apart from tax the government collect from them, is the Tax reaching your side🤔 if Microsoft or other companies leaves, isn't that an opportunity for we Nigerians to be productive and build our own technology 🤔 instead of depending on the west for everything

mrvitalis:
Do APC supporters even understand the implications of news like this?

They don't

To them their team is wining and in power thats all that count

BigYash:
Have ur empty brain thoughtof people that will loose their jobs when they leave?

Acekidc4:
We shouldn't be depending on jobs too much🤔we all should be productive.

Acekidc4:
They should leave...........Their rubbish alcohol has cause more poverty to the common man than Tinubu good reforms.

You all lamenting are drunkards
Some malu's will start shouting Tax Tax Tax

ShogunNoName:
That is a tout don't bother engaging with him. Someone who didn't finish secondary school is whom you are bothering to discuss with ?

ShogunNoName:
Do you even understand the implications of Diageo divesting from Nigeria ? They left Ethiopia Libya and other war torn dead economy countries so leaving Nigeria is now fine too?

Are you a graduate at all?

LegendHero:
Tell me the implication of Diageo selling their stakes to another foreign investor Tolaram.

Guinness business will still continue, it’s not that they are laying off staff and not recruiting staff. Not that they are slowing production or ending production.

Tell me the implication. I want to know?

SweetJoystick:
What Tinubu can't destroy does not exists

phantom:
What is the point of being productive if not to create jobs? The morons wey full nairaland these days fit reduce person IQ by at least 10 basis points per engagement. Kai.. 🤦🏾‍♂️

mrvitalis:
Honestly I'm planning to liquidate all my business ... Purchasing power now is almost zero

If your business is not based on diaspora customers eeh

ShogunNoName:
It's obvious you aren't too bright so lemme try and simplify it for your level.

Okay make I tell you wetin I dey talk eh. For example if Walt Disney that big company we dey make film opened imax4d cinema in your country and suddenly after some years talk say Dem dey go , come sell am to one Chinese agbako company, in your coconut head u think say na the same imax4d? No oh , one the tax wen Dem they pay go reduce , secondly their stake will not cover all physical assets just the direct their one owned assets not those wen Dem jointly own with other third parties.

Numba 2 if shinedu own papa nedu pharmacy in Ibadan and due to the nonsense tax wen Dem dey tax am him come carry all him kaya sell the shop to adeyemi and.adeyemi come enter the shop no be stupidity go make chinedu staff tink say oga adeyemi go rerain all of Dem with out jobloss ?

So oga adeyemi wants to inherit all shinedu liability? No be a daft dummy go assume say all team members will be retained ?

Acekidc4:
They should leave...........Their rubbish alcohol has cause more poverty to the common man than Tinubu good reforms.

You all lamenting are drunkards
Some malu's will start shouting Tax Tax Tax

Acekidc4:
They should leave...........Their rubbish alcohol has cause more poverty to the common man than Tinubu good reforms.

You all lamenting are drunkards
Some malu's will start shouting Tax Tax Tax

LegendHero:
It depends. If they still retain the brand name of Walt Disney just as in this Guinness case where Tolaram will still retain the brand name Guiness. Tax won’t also reduce because the company still worth same valuation. Let’s say company worth 1m before, Tolaram bought 60% stake and bring $$ into the system to pay Diageo off, their valuation will still be 1m and government can still tax at same rate.

Mind you, Tolaram are global investors and they are the major owners of Lekki free trade zone with the port facilities there. They’ve been in existence since 1948.


So far the shop size and output remain the same. Even if Adeyemi sack all Chiendu staffs, he will still recruit same number of staffs and the net effect on the job market with be close to zero.

An example is ShopRite. It is still called ShopRite but a Nigerian man don buy am. Everyone going to ShopRite store to buy don’t care about the owner name, so far the brand is ShopRite, they enter and buy and the staff strength is still the same.

I cut out the rest of your jargons because it is not related to the issue in discourse.

Polchiz:
Try and understand simple analogy:

1. Deago is a big player in the beverage industry just like Heineken and AB InBev. Their leaving Nigeria is an indication that the country is not good for investment and that will scare other big foreign investors away.

2. Many will lose their job and those who manage to retain theirs will have their salaries and allowances reduced. The new company does not have the financial muscle to pay huge remuneration.

3. The new company is just testing the water because Guinness Nigeria have declared annual loss for couple of years since the cost of importation of raw materials has skyrocketed. There is every possibility that the new company will also leave soon.

4. Nigeria will lose foreign exchange earnings because Guinness Nigeria products are exported to many African countries. Change in company name has a way of affecting consumer perceptions

5. There are many corporate social responsibilities that Guinness Nigeria is known for in Nigeria, that will stop automatically.

Polchiz:
Try and understand simple analogy:

1. Deago is a big player in the beverage industry just like Heineken and AB InBev. Their leaving Nigeria is an indication that the country is not good for investment and that will scare other big foreign investors away.

2. Many will lose their job and those who manage to retain theirs will have their salaries and allowances reduced. The new company does not have the financial muscle to pay huge remuneration.

3. The new company is just testing the water because Guinness Nigeria have declared annual loss for couple of years since the cost of importation of raw materials has skyrocketed. There is every possibility that the new company will also leave soon.

4. Nigeria will lose foreign exchange earnings because Guinness Nigeria products are exported to many African countries. Change in company name has a way of affecting consumer perceptions

5. There are many corporate social responsibilities that Guinness Nigeria is known for in Nigeria, that will stop automatically.

Acekidc4:
What positive thing has microsoft presence in Nigeria done to your personal life🤔 Apart from tax the government collect from them, is the Tax reaching your side🤔 if Microsoft or other companies leaves, isn't that an opportunity for we Nigerians to be productive and build our own technology 🤔 instead of depending on the west for everything