₦airaland Forum

semid4lyfe:
Lookman's family is close knit and his parents seemed to have imbued him with good values. Also shy and not outgoing like that.

Osimhen on the other hand rose grew up in the streets. Seems to me like someone who didn't receive love as a kid, and hence seeks it as an adult from friends, and acolytes.

Well said, I was surprised none of the so-called influencers posting about his homecoming then I remembered they're businesspeople so no pay no post

TemporaryHansel:
You should be worried that judges have rendered your president powerless. It will soon get to a point where judges will be directing when and how Trump breathes.

Its how the Democratic establishment fights back, through media which they are now admitting how much lies they told, or by resisting use of IDs in elections or just plainly deploying activist judges to grind govt to a halt

afrodoc:
Okay.

Next time divide opposition votes again but this time riot afterwards, that way you won’t allow all those things you were weeping and lamenting about to happen.

I understand the effect of a divided opposition vote but that wasn't the reason why Tinubu won. This is the narrative the Tinubu gangs want us to believe so as to hide the fact that they stole Peter Obi's votes.

Anyone can deny the facts and write English but not me.

Spy360:
I understand the effect of a divided opposition vote but that wasn't the reason why Tinubu won. This is the narrative the Tinubu gangs want us to believe so as to hide the fact that they stole Peter Obi's votes.

Anyone can deny the facts and write English but not me.

Keep lying to yourself. You know certainly Obi could not win whether in a 3 man contest or a 2 man contest vs Tinubu but you just choose to deceive yourself

raumdeuter:
Keep lying to yourself. You know certainly Obi could not win whether in a 3 man contest or a 2 man contest vs Tinubu but you just choose to deceive yourself

Three states were rigged in favour of Tinubu against Peter Obi. Rivers, Benue and Plateau. And these are the ones INEC admitted to. Caught red handed. Tinubu lost to PO in Lagos and FCT. You don't want to hear this so you want me to believe I am lying to myself.

There was a 2 man contest in Lagos Tinubu built and PO beat him there.

Am I still lying to myself?

KingTom:
Bro e no funny then o, imagine say I use my money organise orgies for Brazil e for pay me pass

No be lie
Venturing into a business cause someone said so and without understanding the business before investing can be calamitous

Spy360:
Three states were rigged in favour of Tinubu against Peter Obi. Rivers, Benue and Plateau. And these are the ones INEC admitted to. Caught red handed. Tinubu lost to PO in Lagos and FCT. You don't want to hear this so you want me to believe I am lying to myself.

There was a 2 man contest in Lagos Tinubu built and PO beat him there.

Am I still lying to myself?

Tinubu beat Obi will about 2million votes and you are here grasping at straws
The greatest disservice you can do to yourself is believing these lies you tell yourself


https://www.youtube.com/watch?v=GlcQ_Wxz2jo

Spy360:
I understand the effect of a divided opposition vote but that wasn't the reason why Tinubu won. This is the narrative the Tinubu gangs want us to believe so as to hide the fact that they stole Peter Obi's votes.

Anyone can deny the facts and write English but not me.

We are saying the same thing.

Divide the votes again but this time if you want to change the overall outcome you have to riot, since that is the thing you didn’t do the last time.

Abi, how do you want to prevent history from repeating itself and coming here to lament again?

afrodoc:
We are saying the same thing.

Divide the votes again but this time if you want to change the overall outcome you have to riot, since that is the thing you didn’t do the last time.

Abi, how do you want to prevent history from repeating itself and coming here to lament again?

; :

KingTom:
Wake up in the morning all the fish don kpai or worse, rain fall wash your fish enter gutter or road make e be say God don send fish from heaven to feed the street Poultry for eggs better pass Poultry for meat walahi

Brother poultry business turn my cousin wey be my age mate to begin get Grey hair. Lost weight and had to sell his poultry at loss, we gather pity dey buy the fowl from him hand.

Na him papa force am to quit the business laslas. Few months free of it and the improvement in physical appearance was noticeable.

A40:
Brother poultry business turn my cousin wey be my age mate to begin get Grey hair. Lost weight and had to sell his poultry at loss, we gather pity dey buy the fowl from him hand.

Na him papa force am to quit the business laslas. Few months free of it and the improvement in physical appearance was noticeable.

Omo I can only imagine, chai

KingTom:
That was how my cousin Ifeanyi made me spend UN funds on goats, useless goats he said will be reproducing and giving money, another one came again and said pigs and fish. I doled out funds and in the end the madmen came again that it seems he bought 2 male goats as the werey goats have refused to knack themselves, na so money burn for that misadventure finally we swallowed pride and hired some agric consultants then leased the farm to them to salvage what we had left if not by now loan apps for don tire to plaster my face and details for social media

I don laff die for this your post.

BlueRayDick:
I don't think u are far from the truth at all. There was a time a news trended that his elder sister and her elder brother called him out over money issues. I think that alone suggested he didn't get much love from his family as much as someone like Lookman.

Family was in survival mode so there couldn't have been love. His parents threw him on the streets as a kid to hawk pure water to support the family. Also he used to run errands for people in their neighbourhood just to get tips or food to eat.

As per the emboldened, those ones are just silly, and I blane the elder sister. Instead of protecting her brother, she allowed her husband to manipulate her to call him out over $500k they claim was their cut from the Lille to Napoli transfer deal.

Osimhen's younger sister later appeared on Daddy Freeze to debunk it, and said Osimhen single-handedly pulled their family out of poverty and everything the family had achieved; the businesses established for them, houses built was due to Osimhen.

Shey na that kind person the elder sister suppose dey drag?

GloriousGbola:
one of my guys runs a piggery and some years back the pigs contracted some sort of virus. dude had to kill them all and sell at a loss.

if you do not have a nuts and bolts understanding of the business you are getting into, you will get shafted it is actually better to enter as a jjc at ground zero and grow organically. entering as an inexperienced big player you can urn through your money very very fast.

we helped a former colleague build a station. but you CANNOT run a station without being on ground at the start. it just does not work. your staff will RIP you to death. there is no way you can remote manage it until you understand the business.

i met with a bigwig last year. man wanted to do a full upgrade of one of his stations. put in a mega shopping mall. the whole team were saying the mall is the only mall in the area, people will come there. and here i am , who has built multiple stations in the past where we had expected rent reveue that went nowhere. i told the man to have his team crunch the numbers because i did not believe their projections were valid. that was the end of the project. they just did a refurb. the man too had just hammered some serious money and was likely thinking he was on a good investment. money would have been wasted.

Certain business are stressful and the overhead is just too much.

It's a catch 22 for poultry, fishery and piggery. If you're not hands on they would rob you blind, on the other hand it's a very physical and time consuming endeavor. Your most important currency is time and those business will monopolize it without sure guarantee of return. You have to be mentally and physically built for it

There just has to be a way to mechanize farming on a micro scale but a country that can't generate 5000MW of power. How do you pull that off

And sorry to that big wig oh. Mega shopping mall when the purchasing power of the average Nigerian is at it's lowest? Yeah good luck with that

A40:
Brother poultry business turn my cousin wey be my age mate to begin get Grey hair. Lost weight and had to sell his poultry at loss, we gather pity dey buy the fowl from him hand.

Na him papa force am to quit the business laslas. Few months free of it and the improvement in physical appearance was noticeable.

Dem don move from sachet/bottled water to bakery to poultry now.

Na so one of my guy nearly run mad for here because of bakery wen e open for Naija. Na everyday expenses ontop tales by moonlight. If machine no spoil, motor to supply bread get accident or break down to LG/ town council billing, to Oba and Agbero wahala to Nepa, to Diesel to theft of bread....

E no reach 6 months, my guy wen be healthy guy suffer stroke at a young age. No be pesin tell am make e sell the thing even at a big loss. We thank God he is good now but the rehab no be here oh!

Na so one carry proposal for poultry come give me. Moya look away.

A40:
Certain business are stressful and the overhead is just too much.

It's a catch 22 for poultry, fishery and piggery. If you're not hands on they would rob you blind, on the other hand it's a very physical and time consuming endeavor. Your most important currency is time and those business will monopolize it without sure guarantee of return. You have to be mentally and physically built for it

There just has to be a way to mechanize farming on a micro scale but a country that can't generate 5000MW of power. How do you pull that off

And sorry to that big wig oh. Mega shopping mall when the purchasing power of the average Nigerian is at it's lowest? Yeah good luck with that

naa - the guy followed my advice and scaled down his project. it was supposed to be a big ass complete upgrade. the man turned it to small facelift/renovation. in hindsight maybe i fumble. should have gone with the flow and we would have chop the guy money .

Roland17:
Dem don move from sachet/bottled water to bakery to poultry now.

Na so one of my guy nearly run mad for here because of bakery wen e open for Naija. Na everyday expenses ontop tales by moonlight. If machine no spoil, motor to supply bread get accident or break down to LG/ town council billing, to Oba and Agbero wahala to Nepa, to Diesel to theft of bread....

E no reach 6 months, my guy wen be healthy guy suffer stroke at a young age. No be pesin tell am make e sell the thing even at a big loss. We thank God he is good now but the rehab no be here oh!

Na so one carry proposal for poultry come give me. Moya look away.

apparent;y if you run a bakery there is a bakery union that sets price of bread, or something like that. all this small small facyoid that you will not know until youn have started

like doing construction project in lagos where you have to factor, lasbca, local govt, community, etc in your project cost make mistake no put am and you go hear am

GloriousGbola:
apparent;y if you run a bakery there is a bakery union that sets price of bread, or something like that. all this small small facyoid that you will not know until youn have started

like doing construction project in lagos where you have to factor, lasbca, local govt, community, etc in your project cost make mistake no put am and you go hear am

If it was just this factor, my guy would have been ok but the ridiculous tales by moonlights no be here. Na everyday baba dey repair diesel generator. Guy go get call, him mind go dey shake to answer manager.

https://www.nairaland.com/8438323/life-asaba-keeps-getting-expensive

See what seun's mods are putting on front page.

They'll leave good posts all over the platform and put rats and other bs on fp. I wonder if that's the kind of image Seun wants to sell to investors.

https://x.com/itsSh0la/status/1927702582421565630?t=TdoxXKGKGf8Fsh8T6R5ILw&s=19

Wrote about this few days back..

raumdeuter:
I saw a question on Twitter

At age 20yrs, 5m at once or $1k per day for the next 30yrs

Interested in the responses gathered to this.

What did the majority pick?

Ibime:
$1k per day easy

Assume bank interest rate of 4% which is the current rate in the money markets

Case of $5m: Compound 5m over 30 years at 4% interest is $16.22m

Case of $1k: Compound the first $365k over 29.5 years, the second $365k over 28.5 years and so on in an arithmetic progression and you land at $20.88m after the 30 years.

I use 29.5, 28.5, 27.5 etc to bring approximate linearity to the calculation as the interest on your $1k on 1st Jan is not the same as the interest accrued on 31st Dec, so use half years for the first year of investment

The only reason to accept the $5m upfront is if you can guarantee a return better than the bank by 0.9% (so 4.9% return) - and assuming you cannot also throw your $1k per day into the same 4.9% yield investment. Let's say there is an instrument with a minimum investment requirement of $5m

Oga Ibime, you don scatter everything.

Today was the question, not future value. Present valuing the 1k per day would be more appropriate

My small finance knowledge tells me the 1k per day for the next 30 years was a simple annuity calculation. Although, using your rates (or average 30 years yield) assumptions will bring it to around $7m, - so same conclusion that the 1k per day is better just like your long AP calc....

raumdeuter:
I saw a question on Twitter

At age 20yrs, 5m at once or $1k per day for the next 30yrs

( At all things being equal) I will still take $5m at once.

GloriousGbola:
apparent;y if you run a bakery there is a bakery union that sets price of bread, or something like that. all this small small facyoid that you will not know until youn have started

like doing construction project in lagos where you have to factor, lasbca, local govt, community, etc in your project cost make mistake no put am and you go hear am

It's ironic that one of the best businesses in terms of ROI and safety a person can invest is one that is addictive, fuels a culture of instant gratification, causes financial ruin, and forbears mental health issues.

I'm talking about Gambling, and precisely setting up a Bet9ja outlet or Agent shop. Earning is commission-based but if established in a strategic location with good decor, aesthetics & multiple betting terminals and lots of patronage, cash out is guaranteed.

One of the best & biggest bet shops here is owned by a Doctor. We gisted briefly when we met a while back during school runs, and he revealed that his Bet9ja shop is the best investment he's made.

semid4lyfe:
It's ironic that one of the best businesses in terms of ROI and safety a person can invest is one that is addictive, fuels a culture of instant gratification, causes financial ruin, and forbears mental health issues.

I'm talking about Gambling, and precisely setting up a Bet9ja outlet or Agent shop. Earning is commission-based but if established in a strategic location with good decor, aesthetics & multiple betting terminals and lots of patronage, cash out is guaranteed.

One of the best & biggest bet shops here is owned by a Doctor. We gisted briefly when we met a while back during school runs, and he revealed that his Bet9ja shop is the best investment he's made.

Gambling business is actually a good business investment from the investor point of view, they almost always end up in big profit while the gamblers who patronize the agents end up in ruins.

When I was in the university, one of my coursemates' dad is a "baba ijebu" principal agent. By all streets standard the man is a big man. As at that time he was using one big Nissan SUV like that and owns like 3 houses in this same Lagos. His kids live better than most kids whose parents are middle class/working class.

There's something about that baba ijebu, It just seeem as if artisans, transporters and low income earners have been bewitched to always play it daily whether they win or lose. I believe the same apply to all those bet9ja people too.

A case of insiders abetting terrorists by selling arms to terror groups. When we talk about internal saboteurs we know what we are talking about but those who like to argue blindly will say otherwise.

https://x.com/brantphilip1978/status/1928039035743642109

A40:
Certain business are stressful and the overhead is just too much.

It's a catch 22 for poultry, fishery and piggery. If you're not hands on they would rob you blind, on the other hand it's a very physical and time consuming endeavor. Your most important currency is time and those business will monopolize it without sure guarantee of return. You have to be mentally and physically built for it

There just has to be a way to mechanize farming on a micro scale but a country that can't generate 5000MW of power. How do you pull that off

And sorry to that big wig oh. Mega shopping mall when the purchasing power of the average Nigerian is at it's lowest? Yeah good luck with that

I disagree with this. Mega shopping mall is actually making the owners big money in recent times.

The rate at which some of these malls spring up sends a signal that they are actually cashing out. You need to take a drive around on a saturday or sunday afternoon and see people coming in and out of those shopping malls with trolleys behind them. Go to their car parks and see their security guys having a tough time directing inflow and outflow of cars. When u get inside the malls, u will see queues at the payment point which may be 6 to 8 payment points.

While major shopping malls like Shoprite may be experiencing low patronage, the new ones like Jendol, Justrite, etc are seeing massive patronage . Even when u go their electronics section, u see people buying TVs, Airconditioners, Freezers, etc ; items which they would've gone to buy in Jossy Electronics store.

I think what matters is for the investor to pick the right location and do enough feasibility studies before investing huge cash in the business.

semid4lyfe:
It's ironic that one of the best businesses in terms of ROI and safety a person can invest is one that is addictive, fuels a culture of instant gratification, causes financial ruin, and forbears mental health issues.

I'm talking about Gambling, and precisely setting up a Bet9ja outlet or Agent shop. Earning is commission-based but if established in a strategic location with good decor, aesthetics & multiple betting terminals and lots of patronage, cash out is guaranteed.

One of the best & biggest bet shops here is owned by a Doctor. We gisted briefly when we met a while back during school runs, and he revealed that his Bet9ja shop is the best investment he's made.

And that is how Ibime rolled out bet militant. A betting platform for militants. Get your complimentary monkey tail and place your bet. You are a winner confam.

And Raum rolled out bet amala for the ogbomosho flavor

A40:
Certain business are stressful and the overhead is just too much.

It's a catch 22 for poultry, fishery and piggery. If you're not hands on they would rob you blind, on the other hand it's a very physical and time consuming endeavor. Your most important currency is time and those business will monopolize it without sure guarantee of return. You have to be mentally and physically built for it

There just has to be a way to mechanize farming on a micro scale but a country that can't generate 5000MW of power. How do you pull that off

And sorry to that big wig oh. Mega shopping mall when the purchasing power of the average Nigerian is at it's lowest? Yeah good luck with that

Omo my dad suffered trying to run piggery and fishery back in the day.

He bought some land around the Sango toll gate area and setup a few ponds and a couple of sheds for some pigs. I used to hate school holidays back then because it meant working long hours on a dirty smelly farm with all kinds of insects biting you from every angle.

Once a week, we would go to Nestle factory in Agbara estate to buy waste product from producing golden morn then bring it back to the farm in huge buckets which was already back breaking work, but then we'd have to break it down into smaller bits to feed the fish which was just mind-numbingly boring.

Then we would have to make our own pellets for feeding the some of the other fish as well, which was even more boring. In addition to this, we have to spread nets over the ponds to protect from the herons that would often swoop in, break them and eat our fish. The problem was that the fvcking fish too were eating each other, so we also had to keep draining the ponds to sort the fish by size and move them to different ponds, because Catfish are joyless cannibals when they see their smaller brethren.
And that's also not accounting for the locals in the area that would hop our fence with net and basket to steal fish as well. We caught one particular guy in broad daylight on Sunday afternoon when my dad decided we must go and farm after church, and my brothers and I used annoyance and frustration to beat the guy to almost an inch of his life.
Then the locals gathered to threaten our whole family, my Dad pulls out a machete from the boot, and it becomes this whole mess that only the local Baale could resolve...which required my dad to to squeeze something to the actual thief, and act that pained him and all of us die

Anyway after draining the ponds you have to clean out all the muck and disgusting sht at the bottom, check the gills of the fish for fungus, and all manner of othet disgusting activities.

The piggery side of things was only slightly less disgusting. Pigs don't have hair so they coat themselves in all kinds of literal shit to protect themselves from flies and insects, and given that the farm was basically by a canal, you can only imagine what the hellscape looked like. The stench was unbearable sometimes. Some pigs are also f<cking aggressive and will happily bite your hand off if they could, so we had to watch out for the odd Napoleon when the sows were in hear. The boars will try to bite you and each other, as well as fvck each other. The sows will try to bite you and each other as well as fvck each other. And they're also cannibals.

I say all of that to say this - after enduring all of that BS, when it came to selling the meat and fish, the market women would price you down to almost a kobo if they could, and I saw my dad close to tears on one occasion when he realised that his side hustle wasn't just going to fail to generate the type of revenue he expected, he was going to be disrespected repeatedly during negotiations with the exact type of people he absolutely despises.

After running at a loss for a few years, the nigga just disbanded the whole thing, did a giveaway sale and shutdown operations, but that wasn't even the end of the L. The area where the farm was located is too marshy to support house building without sinking stupid amounts of money into just the foundations alone, and nobody with the kind of money to do that is going to want to live anywhere close to the area, and so he sold the land for I think close to 50% loss.

Monumental L all around. I pity anyone trying to do that business at a small scale. You're just pissing in the wind.