₦airaland Forum

Creamypie:
Pls I need directions on how to deactivate my account on them is forum. It’s taken over by tribalist bots who ban you at will for airing your opinions when they don't match theirs. I want to deactivate, never to return. This is my last post on this forum, and last time I will ever visit it

Click “Edit Profile
Scroll down and click “deactivate account “
Follow subsequent steps

Apcshit:
Dangote is enjoying because of nigeria corruption

Try same corruption too and overtake Dangote.

CoronaVirusPro:
Click “Edit Profile
Scroll down and click “deactivate account “
Follow subsequent steps

thanks

CoronaVirusPro:
I want you to now present the volume Otedola was importing compared to other competitors. That is what I am talking about.

You want A who imports one cargo in a month to get same soft landing with B who imports 100’s in a month.

It doesn’t happen anywhere the world. That edge will always puy you ahead of your competitors. It’s not leveled anywhere.

Otedola had zenon direct at the time. His diesel cost less than anyone else in the industry. People who did not know were calling him a magician.

Hussein052:
I am among the masses. A citizen who has lost hope in his country

Eyah. I wish you the best.

GloriousGbola:
Otedola had zenon direct at the time. His diesel cost less than anyone else in the industry. People who did not know were calling him a magician.

Thanks for the add.

The financial literacy around the country is at an all time low that people tend not to know how things work.

Most times, I think it’s just hate, envy and jealousy. These people they talking about played big risk while working their way up. They lost billions due to failed businesses and keep persisting.

lawani:
Innovators too can look for investors by themselves. Tesla, Space X etc were private companies initially before Elon Musk became an investor and then they became public.

Pro force has FG shares in it of the defense industry company. I think it is the foremost Nigerian company using a patent to produce.

Then companies need to learn the culture of taking their problems to the academia. The academia can solve any problem

Then we don't really have monopolies in the country again

Did you mean our academia that studied with our local raw materials all these while and couldn't turn it to a product? To be honest with ourselves, majority of our academia are "failure renamed".

CoronaVirusPro:
Thanks for the add.

The financial literacy around the country is at an all time low that people tend not to know how things work.

Most times, I think it’s just hate, envy and jealousy. These people they talking about played big risk while working their way up. They lost billions due to failed businesses and keep persisting.

And one bold investment decision can double your net worth.

Cmeo:
Did you mean the academia that studied has and taking our local raw materials all these while and couldn't turn it to a product? To be honest with ourselves, majority of our academia are failure renamed.

Instead of spending money on frivolities as a company, take your problems to the academia by sponsoring research. It is a growth strategy

PigTormentor:
Crap, most billionaires in the US are not inventors. Most are in the financial and real estate business where they don't invent anything.

The topic says innovators not inventors. They are different words with different meanings.

So I can innovate while Capitalists will grab the opportunity to reap were they didn't sow.
Not possible!

Monopoly kills the economy of any nation.. no matter the genius you put at the helm of affairs, once monopoly is allowed to thrive, the economy is bound to colapse.
Healthy competition on the other hand grows the economy, create employment, promote standards, provide varieties for consumers, etc.

The best model to grow any economy is by "healthy competition" not by creating monopolists masquerading as businessmen, richest black man and whathaveyou.

youngsahito:
Dangote is also enjoying this monopoly in the petroleum industry. The govt refused to fix state owned refineries putting everybody in the country at the mercy of Dangote.
Tinubu is a corrupt man that only make way for his cronies that is why Dangote is singing praises of me. Oju yobo

Lol after federal govt state refinery has been fixed multiple times but keeps failing

Federal govt granted 22 licences to people to build refineries and only dangote took up the courage to build it

But y'all will just make up lies and flow with

Sheuns:
The topic says innovators not inventors. They are different words with different meanings.

I know the difference but going by the context in which it was used here, it's easy to see where the writer was going with his narratives.

Arostar2023:
The article is about building systems that work. Monopolist are everywhere today, but monopolist don't build great economies... some Nigerian billionaires have destroyed the appetite and profitability of innovation.

This is absolutely false. Tell us one leading economy today that didn't have monopolies at the beginning.

lawani:
Innovators too can look for investors by themselves. Tesla, Space X etc were private companies initially before Elon Musk became an investor and then they became public.

Pro force has FG shares in it of the defense industry company. I think it is the foremost Nigerian company using a patent to produce.

Then companies need to learn the culture of taking their problems to the academia. The academia can solve any problem

Then we don't really have monopolies in the country again

You speak too much grammar.

Nigeria does NOT have the culture of investing in upcoming ventures. Period!!

Baxilexi:
Beautiful write up.

Our society is designed to favor a few hence innovation will continually remain secluded to that sphere.

Socialism

The governments business is to create a leveled playing ground.

I laugh in trotsky

And that what brave Nigerians who refuse to bend the knee to the crooks in power have been asking for. Survival and innovation cannot coexist, the average Nigerian is like an animal, only thinking about what to eat, rent and cars. No dreams, only ‘how to make am’, ‘dey loyal’, ‘all way na way’.

Sadly what people do not understand is our economy is going nowhere with the current setup. Chile just invented a hydrogen generator that splits atmospheric water molecules to generate energy, hence its need no input. By 2030 they are positioned to become of the richest countries in the world, for us here it’s all about sharing pittance. Recycling money and killing brilliance.


Time will tell.

una go gree for capitalism

Baxilexi:
Monopoly in Nigeria is about putting the enterprise out of reach for the competition, from taxes, to licenses and the cost of doing business, and high interest loans.

What works is, I remember the story told by Mr Waya (kid-waya’s Dad) about how he got the contract for banana island. The project was basically given to him because he was friends with the then governor.
I don’t think we have venture capitalists in Nigeria.

How many Nigerian billionaires can give a detailed account of how they made it, void of cronyism?

You see that VC talk you brought up, when we are ready to grow as a nation, we will have enough people who will venture into it.

These are men who pool resources together to make sure products are invented or innovated.

Also, Nigerians need to also make sure to be trustworthy. Many people today want to make it big and fast by cheating even partners.

I once began this by investing into certain ideas with the aim of helping these few guys make money while I also make too. We had our profit ratio but they used the first big pay to engage in enjoyments and other exuberant activities that people will later see you as wicked or a rip-off die to the fact that these guys lie instead of being accountable.

I had to stop doing anything for anyone, I'd rather throw it into T-Bills and other financial plans to avoid being the bad person.

franchasofficia:
That is how Aliko Dangote and Femi Otedola became the politically made billionaires, preach it for them to hear it louder at the back

When will you talk about Allen Onyeama who owned nothing before Jonathan came into office?

Today, he is wanted by American government for fraud.

Morbeta11:
https://businessday.ng/business-economy/article/how-nigeria-made-monopolists-instead-of-innovators/

Meaningless article borne out of bitterness and envy.

You go tire!

Livelystone01:
You see that VC talk you brought up, when we are ready to grow as a nation, we will have enough people who will venture into it.

These are men who pool resources together to make sure products are invented or innovated.

Also, Nigerians need to also make sure to be trustworthy. Many people today want to make it big and fast by cheating even partners.

I once began this by investing into certain ideas with the aim of helping these few guys make money while I also make too. We had our profit ratio but they used the first big pay to engage in enjoyments and other exuberant activities that people will later see you as wicked or a rip-off die to the fact that these guys lie instead of being accountable.

I had to stop doing anything for anyone, I'd rather throw it into T-Bills and other financial plans to avoid being the bad person.

The bolden has been my issue. Folks don’t just get it, wealth is built over time and innovation is the catalyst.
We have billionaires and millionaires who can’t write a single book on strategies they used to get to the top.

I’ve read so many international reports condemning the business ecosystem in Nigeria as being very volatile with policy somersault, financial and physical insecurities being the most prevalent. Yet we rate ourselves as doing well.

People allude affluence to industry but in the Nigerian context it’s a hoax.
I joined a startup up grooming agency a while back called Terminal 4. Loads of new generation CEOs mentor aspiring entrepreneurs. They discuss steps they took while climbing and pitfalls to avoid, and you’d notice something similar from all the successful ones, the formula was the same.

Ask anyone making it big in Nigeria today, what strategies did/do you use to ensure your business stays afloat, gibberish is the answer.

The wealth we have in Nigeria is mostly plastic, a little heat and it folds, take away monopoly where would Dangote be, for those who would argue, cement was/is cheaper in other poorer west African states than Nigeria.

Cromagnon:

Socialism




I laugh in trotsky


una go gree for capitalism

What social amenities do you enjoy as a Nigerian? Subsidized transport? Housing? Free primary and secondary education? Healthcare? Unemployment benefits? Disability benefits?

I believe we are in a capitalist society already, because most Nigerians are into sole proprietorships.

slimthugchimee2:
Lol after federal govt state refinery has been fixed multiple times but keeps failing

Federal govt granted 22 licences to people to build refineries and only dangote took up the courage to build it

But y'all will just make up lies and flow with

On what website did the FG publish these licenses?
How much did it cost?
The loans Emefiele approved for Dangote could any other person access it?

Based off ‘fair competition laws’, it is in the country’s interest that the other 22 licenses are gotten and the government should have equally helped them succeed.

Softmirror:
Eyah. I wish you the best.

That's all?
I thought you'll help him become elite with the way you've been going about saying everyone on the forum are all doing well
You've found someone now all you can say is eyaah
Shame on you

CoronaVirusPro:
What exactly is the monopoly we talking about here!

Every nation supports the best businesses that support the country workforce and also generate revenue.

What leveled playing ground are we talking about here? That the government should give every Nigeria a billion dollars for start up?

It doesn’t work that way. In any country, big businesses are ALWAYS supported in various forms through low interest loans, tax exemptions and even direct investment.

Let me use the crude oil refining licenses as a case study. If I am. It wrong, over 10 licenses were issued and less than 3 hit the ground. Do we call those 3 monopolist since others could not?

Nothing like the government is creating monopolist. Nigeria is doing same thing every government in the world does.

China does not support all the businesses in its country but heavily invested on the front runners like Huawei, BYD and ByteDance.

Yes, creating enabling environment is a valid point, but supporting and creating a leveled playing ground for ALL businesses to thrive is outrightly impossible.

Mr. A who needs one million Naira loan and employs 10 people cannot have same interest and tax exemptions like Mr. B who needs one billion dollars and employs a thousand hands.

There is no leveled playing grounds anywhere on Earth.

The SEC, ICPC, EFCC if they do their jobs right, foreign companies would be willing to do business with Nigerians.

Attached is a part of the Richard Branson story, but what wasn’t said is that a system was in place to sustain trust between the lender and young entrepreneur.

Monopoly killed drive in other countries hence why it was stopped. Rather money went into research and education and then those with genius ideas made investors of the monopolist. Tesla has a lot of shareholders but the brains is Elon, 2 things put him there- education and a society that supports social migration through intellect.

In Germany a group invented a new type of battery that uses salt and air, phasing out lithium batteries- brains did that, what follows next is investment, sometimes from the government, it’s not about how big the company is, it’s about how innovative the idea is.

Baxilexi:
The SEC, ICPC, EFCC if they do their jobs right, foreign companies would be willing to do business with Nigerians.

Attached is a part of the Richard Branson story, but what wasn’t said is that a system was in place to sustain trust between the lender and young entrepreneur.

Monopoly killed drive in other countries hence why it was stopped. Rather money went into research and education and then those with genius ideas made investors of the monopolist. Tesla has a lot of shareholders but the brains is Elon, 2 things put him there- education and a society that supports social migration through intellect.

In Germany a group invented a new type of battery that uses salt and air, phasing out lithium batteries- brains did that, what follows next is investment, sometimes from the government, it’s not about how big the company is, it’s about how innovative the idea is.

Yes, creating enabling environment is a valid point, but supporting and creating a leveled playing ground for ALL businesses to thrive is outrightly impossible.

In addition, Desist from the stories Billionaires publish, few will tell you how they got the breakthrough. How can someone walk into Boeing to lease a 747 back at that time with 0 down payment without collateral or strong financial backings are recommendation. The story is outrightly impossible and I am not surprised. They all will never yell you.

Elon will never say loud the part he got funding from his dad who was rich. They only loud the part where they were putting things together. Elon himself did not invent the Tesla tech. He is not the brainbox behind the tech. He invested in the tech and modernized it.

Bezos will never tell you he was from a good average family that could afford a desktop computer back at that time, and had access to the internet. 0.1% of. Nigerians did have access to the internet at that time.

My point is that, the government can always invest in education and fund a good part of research, but it cannot create a leveled playing ground for business.

Nothing is monopolistic about all we saying. It’s just certain humans having an edge and being able to exploit a tech, product or business.

Even the banks don’t treat us all equal, same with airlines and even schools.

Baxilexi:
On what website did the FG publish these licenses?
How much did it cost?
The loans Emefiele approved for Dangote could any other person access it?

Based off ‘fair competition laws’, it is in the country’s interest that the other 22 licenses are gotten and the government should have equally helped them succeed.

So you expect to get same loan terms with Dangote 😂😂😂 Where does such happen?

The government does not help, it supports.

Let me give you a layman’s example. If I decide to be build a refinery today, I must have done land acquisition, and kick off. I must be able to sell a feasible plan to the bank showing how much has been put in, needed, and achievable profit at completion. Also, I must have collaterals in investments which backs my loan request and definitely my long term relationship with the bank.

So you want the bank to give both of us A trillion Naira because we have plans of building a floating stadium with 5 million Naira in our account 😃😃😃😃

Fiscus105:
Abi ooooo, America given money to few individuals who are great minds and enterprise, but in Nigeria, wen someone rise, they do everything to bring him down.

Be as I be syndrome.


In his myopic reasoning, what Tinubu did for air-peace is bad, ................he wants Nigeria to continue without national or indigenous carrier, he prefers Ethiopia or Qatar airlines to continue fleecing Nigeria.

Which Tinubu did anything for air peace. Tinubu whose wife was in the market in public telling people to kill Igbo people's bussiness?
Tinubu who and his ministers planned and attacked air peace.
We haven't forgotten about Oshiomole attack against airplane.
Amd the other Yoruba man also attacked air peace

😂😅

lawani:
Innovators too can look for investors by themselves. Tesla, Space X etc were private companies initially before Elon Musk became an investor and then they became public.

Pro force has FG shares in it of the defense industry company. I think it is the foremost Nigerian company using a patent to produce.

Then companies need to learn the culture of taking their problems to the academia. The academia can solve any problem

Then we don't really have monopolies in the country again

Which academia

Academia wey never solve little little campus issues like Electricity and water naim wan provide Solutions to companies? Abegii

From Gown to Town is alien to Nigerian academia,