tutorng:
Apt illustration!

This is the layman's explanation of all these economy downturn and oil subsidy jargons making the rounds these past years. Every one should understand this.
The solution to Nigeria's problem is having our own refineries to process our crude and cut costs

kilokeys:
He used 30 naira bullet to kill that animal he sold for 1000 naira..
Thats a better profit margin

And u didn't consider other condiments she used, the staff she has to pay, cooking fuel, shop rent, taxes and other miscellaneous... Most importantly, nothing is better than beer and peppersoup.. U can't quantify fun in terms of cash my bro..


But we get the message

kilokeys:
He used 30 naira bullet to kill that animal he sold for 1000 naira..
Thats a better profit margin

And u didn't consider other condiments she used, the staff she has to pay, cooking fuel, shop rent, taxes and other miscellaneous... Most importantly, nothing is better than beer and peppersoup.. U can't quantify fun in terms of cash my bro..


But we get the message

Baawaa:
Fact, though it sound childish

tonyfrenzy:


So it should continue to be like that?

We should pray for this government to continue the mission of reducing corruption (...you still have to settle customs, pay exorbitant double or triple taxes...)to a bearable extent, not just to accept the fact that it exists in every corner of Naija and continue to perpetuate it. smh.

samx4real:






If we start from somewhere we can make it!

tutorng:


i dont think its childish bro

Sometimes we have to use the simplest illustrations to explain complex concepts

Baawaa:
Fact, though it sound childish

NwaAdazi:
Ebele Ogbuanu the Hunter goes into the bush, kills a very big Antelope and sells it to Mama Ngozi who sells peppersoup. He sold the game for N1,000. He told mama Ngozi to make sure the peppersoup is well made because he is coming along with his friends in the evening to enjoy themselves. When they got there that evening, they ordered for plates of peppersoup. Ebele bought the head for N500, he bought the four legs for four of his friends at N500 each, another person ate the intestines as assorted, he paid N500 for it, three other people also ate N500 worth of peppersoup each. The hunter ended up spending N4,500 to buy what he sold to Mama Ngozi for N1,000. Mama Ngozi made a cool N3,500 profit just by cooking (processing) the meat and selling it back to where she bought it from. That is 350% profit and yet she still had excess remaining to sell to other customers. So who is wise and who is foolish here?
Culled
Ayeni Ekundayo
(Inbound Marketer |Google Certified AdWords Fundamentals, Search Advertising, Display Adverts)
https://ng.linkedin.com/in/dayoayeni

pacino26:
Spot on. If you get to they office off the DPR to initiate process to set up a refinery they'd give you the paper criteria but to get approval is the real issue. My time in 2013 working seriously on setting up a refinery with some patrons made me realise that Nigeria isn't ready for the word 'PROGRESS'

We keep fooling ourselves, you don't have power CCGP will need to be imported asking with all accessories, steel for interconnecting piping needs to be imported, to make roads heavy earth moving equipment needs to be imported. To set Nigeria on the path of industrialization will take another ten yrs.

As far as I am concerned, there's no proactive plan in place.

moshino:


Your analysis is soooo lame and ignorant.

What is the cost of Mama Ngozi's time to prepare the raw meat into delicious peppersoup, what is the cost of the ingredients, what is the cost of her renting her restaurant/buka, what is her labour cost, what is the opportunity cost of her time and efforts? Or did the raw animal killed by the hunter magically turn into delicious peppersoup in thin air?

moshino:


Your analysis is soooo lame and ignorant.

What is the cost of Mama Ngozi's time to prepare the raw meat into delicious peppersoup, what is the cost of the ingredients, what is the cost of her renting her restaurant/buka, what is her labour cost, what is the opportunity cost of her time and efforts? Or did the raw animal killed by the hunter magically turn into delicious peppersoup in thin air?

LordAdam:


Read where I said "We need to change how the society operates. If not, things will remain the same."

I applaud the anti-corruption fight. Still, it is only addressing a symptom, not a problem. Which is why the effects are slow and there is much opposition to it. Look at the #BudgetofYams/#Budgetgate. To evade the anti-corruption fight, all you have to do is become an APC member.

Tomorrow, if another party comes into power, those in previous PDP and APC governments that stole will switch parties to the party in power and their slates will be wiped clean. It is vicious circle, where the money looted by a few individuals are recovered and looted again by a few individuals.

The phantom recovered looted funds that PMB and Adeosun are hiding from the public were meant to fund this budget where Aso Rock pays rent and building a website is meant to gulp more than 700 million naira.

Politicians can always float new parties and the wealthy can always redirect their black money to fund these new parties. In the end, the new party demonizes the old party and reward the same wealthy cabal with inflated budgets, contracts, and initiatives.

Who loses and who gains? Nothing changes!

-Lord

tonyfrenzy:


Then we need God.
We hope for the BEST
while expecting the WORST.

kilokeys:
He used 30 naira bullet to kill that animal he sold for 1000 naira..
Thats a better profit margin

And u didn't consider other condiments she used, the staff she has to pay, cooking fuel, shop rent, taxes and other miscellaneous... Most importantly, nothing is better than beer and peppersoup.. U can't quantify fun in terms of cash my bro..


But we get the message

LordAdam:


We don't need God. We need to make tough decisions, starting with adopting true federalism.

God did not help Malaysia, Philippines, Thailand, Vietnam, Singapore, UAE (Abu Dhabi, Dubai, Sharjah...), Saudi Arabia, Qatar, China, India, Brazil, Mexico, to become the heavyweights that they are today with mega-performing economies.

As at 1970, Nigeria was better than most of those countries I mentioned. If we cannot afford to seize our future for ourselves then we deserve all that is happening to us and more bad news.

-Lord

tutorng:
Apt illustration!

This is the layman's explanation of all these economy downturn and oil subsidy jargons making the rounds these past years. Every one should understand this.
The solution to Nigeria's problem is having our own refineries to process our crude and cut costs

Baawaa:
Fact, though it sound childish

tonyfrenzy:


Then you are confused bro!!!!!!!!

I said we needed to start by curbing corruption you countered it.

You talk of true federalism, as if Nigeria is not practizing Federalism
in a horrible way, largely sabotaged by corrupt leaders.

You said every leader Nigeria has are all the same, shielding bad
leaders and protecting worse leaders because of party affiliation.

So how does a country like Nigeria start practizing sustainable
Federalism with the crop of leaders we have without first breaking
the chains of evil that they have formed?

pacino26:


In the analysis as given by the Op and seconded by your swift irrational criticism we can deduce logically that mama Ngozi got a lot going for her; shop, workers, equipment etc.

In translation we can have our youths employed, have our refineries working, other business tied to crude oil flourishing and above all function all yr round.

Mama Ngozi has a job and feeds her family from it. That is the msg. Her costs of production as translated to our economy represents indirect opportunities tied to one major activity; hunting or crude oil exploitation.

LordAdam:


TRUE FEDERALISM!

If you want to learn more, refer to the consensus of the National Confab under GEJ.

Nigeria needs Regional Governments with less powers at the center (FG). Like it was before the civil war.

Every well-meaning Nigerian gathered and adopted it, only hell knows why PMB and APC discredited it.

-Lord

tonyfrenzy:


Now I understand your point.
It would be better but we still have those guys hovering above us too.
Every region would have gone back to the drawing board or even to
out-compete one another with innovations and development.

omohayek:


Yes, I add nothing to the economy by selling software that people are actually willing to pay for in Europe and North America. It's sub-literate types like you who are the real wings of the Nigerian economy!