EternalTruths:


They can't believe that some globalized companies of Igbo majority ownership, can be richer than Lagos State.

I wonder why Afonjas lack wisdom to know that any globalized company will always be richer than Lagos/Nigeria.


Is like comparing Apple company and Nigeria.

Common sense aint common and they have displayed that

EternalTruths:


They can't believe that some globalized companies of Igbo majority ownership, can be richer than Lagos State.

I wonder why Afonjas lack wisdom to know that any globalized company will always be richer than Lagos/Nigeria.


Is like comparing Apple company and Nigeria.

Don't mind afonjas, they are jealous that some globalized companies of Igbo majority ownership is richer than Nigeria. Globalized companies of Igbo majority ownership are even richer than the USA, since the USA does not post profits, In fact the USA ran a deficit budget of $552 billion last year so igbos are richer than the whole USA.

Pascal Dozie an igbo man is richer than Dangote, richer than Bill Gates and even richer than Solomon.

wirinet:


Don't mind afonjas, they are jealous that some globalized companies of Igbo majority ownership is richer than Nigeria. Globalized companies of Igbo majority ownership are even richer than the USA, since the USA does not post profits, In fact the USA ran a deficit budget of $552 billion last year so igbos are richer than the whole USA.

Pascal Dozie an igbo man is richer than Dangote, richer than Bill Gates and even richer than Solomon.

That mumu won't understand the savage. The FG should,as a matter of national wellbeing, setup a commission to regulate emotions, hates and envy in the SE. It's not easy being left out from the scheme of things hence all this attention-seeking dramas. 1-10 of Africa's richest doesn't feature just one Igbo man inspite of their boasting. If you want to see real-time billionaires,go to Kano. This is a fact yet you won't see dem abokis making mouth like our blodas from the east. Whenever they bring up their jokes,just laugh and nod in agreement at least to have peace of mind because they won't concur to your counter-facts. They are programmed to be deluded.

wirinet:


Don't mind afonjas, they are jealous that some globalized companies of Igbo majority ownership is richer than Nigeria. Globalized companies of Igbo majority ownership are even richer than the USA, since the USA does not post profits, In fact the USA ran a deficit budget of $552 billion last year so igbos are richer than the whole USA.

Pascal Dozie an igbo man is richer than Dangote, richer than Bill Gates and even richer than Solomon.

Wehdon Sir! Factual logical conclusion!

EternalTruths:



The problem with most of you, is that you people aren't well informed and fail to properly inform yourselves.


There is no way, a state can be richer than a globalized company.

Why.?

Because, what makes a person or country or company rich, is it ability to produce diverse products that can be exchanged for money.


You don't expect Lagos or Nigeria to be richer than any globalized company.

That is why I believe that Nigeria should take
R & D serious so that they can develop such companies to create wealth & good jobs for Nigerians.

Unfortunately, Buhari the dullard has destroyed YOUWIN and has not set the ball rolling for R & D

Mynd44 kettykings etc take note of this fact.

there is no way a company can be richer than a state or nation, the difference is that company make profit while state spends money. for instance Lagos state is keeping all money since the state was created',

kettykings:
i will be starting a series about Nigerian owned businesses that are far bigger and richer than lagos state. this thread is not to belittle anyone but to make it easier for my fellow business men who are running businesses all over the world about the need to invest more at home rather than invest in a city far away (no man's land).

MTN
Revenue as at 2015 US$ 15.432 billion
Number of employees 17,509
chairman Pascal Dozie
Tribe of chairman , igbo
According to Nairametrics, MTN Nigeria has reported that it posted a total revenue of about N870 billion (R31.97 billion) for the period ended June 2017
https://en.wikipedia.org/wiki/MTN_Group


Dangote Group
Onwed by Aliko Dangote
number of Employees 26,000
chairman Aliko Dangote
Tribe of chairman , Hausa
Revenue US$2.642 billion (2012)
according to the NewNigeria Dangote Cement revenue hits N615.1bn in 2016 | The NEWS
https://en.wikipedia.org/wiki/Dangote_Group

Zenith Bank Group
Chairman Jim Ovia
Tribe of chairman , Delta igbo
Number of employees estimated at 18,000 (will cross check)
Revenue as at 2017 ,recorded gross earnings of N380.4 billion
https://www.premiumtimesng.com/business/business-news/239902-zenith-bank-posts-n75-32-billion-profit-6-months.html


UBA Group
Chairman Tony Elumelu
Tribe of chairman , Delta igbo
Revenue as at 2016 ,recorded gross earnings of N384.0 billion
https://www.thisdaylive.com/index.php/2017/03/27/uba-grows-profit-by-32-declares-final-dividend-of-55kobo/
To be continued after some coffee break,
you can air your views

Igbo is Igbo. There's nothing like Delta Igbo.

Is revenue same as Profit after tax.

Guy, juxtapose the revenue of Lagos state (Expected budget minus borrowing) with the net profits of those companies. Then you can infer from your observation

sevenhundred:
there is no way a company can be richer than a state or nation, the difference is that company make profit while state spends money. for instance Lagos state is keeping all money since the state was created',

Is Nigeria richer than Apple, BMW, Tesla, Ford, LG, Samsung etc.

wirinet:


Don't mind afonjas, they are jealous that some globalized companies of Igbo majority ownership is richer than Nigeria. Globalized companies of Igbo majority ownership are even richer than the USA, since the USA does not post profits, In fact the USA ran a deficit budget of $552 billion last year so igbos are richer than the whole USA.

Pascal Dozie an igbo man is richer than Dangote, richer than Bill Gates and even richer than Solomon.

ashjay001 gazzy88 walexy100



Is Nigeria richer than Apple, BMW, Tesla, Ford, LG, Samsung etc.


When I say some of you are uninformed and refused to properly inform yourselves, you think it is just insults not knowing that it is a fact.


A globalized company can be richer than a country.

How much does Nigeria makes from oil & gas every year and compare it with what these companies make every year.


Take R & D education serious, if you want Nigeria to have globalized companies that can create wealth & good jobs.

Go get properly inform before arguing blindly.

sevenhundred:
there is no way a company can be richer than a state or nation, the difference is that company make profit while state spends money. for instance Lagos state is keeping all money since the state was created',

walexy100

A State can have left over just as a company can have.

In the case of a company, it is called Profit

In the case of a State, it is called Savings/Reserve.


The Profits of those companies are far higher than the Reserves of Lagos State

That is what Kettykings and co have being trying to pass along


Afonjas should compare the Savings of Apple and Foreign Reserve of Nigeria and tell me which one is higher.?

This is the sort of post you hardly find anywhere on twitter, Quorra or anywhere on the internet, except NL, and the reason is very simple, real people will call out the sanity of the original poster of this sort of post.

IkpuMmadu:


MTN Nigeria is chaired by

Doesn't mean anything

Oba Otudeko used to be the chairman of First bank, did that make him the owner? Same Oba Otudeko was the chairman of Airtel Nigeria before Alfa Belgore. Does that make them owners?

Hakeem Bello-Osagie was the Chairman of Etisalat Nigeria before he resigned. Did that make him the owner? Joseph Nnanna is the new chairman

Fola Adeola was chairman of GTbank. Today, Osaretin-Demuren is Chairman

Get some education and stop embarrassing yourself.

EternalTruths:


They can't believe that some globalized companies of Igbo majority ownership, can be richer than Lagos State.

I wonder why Afonjas lack wisdom to know that any globalized company will always be richer than Lagos/Nigeria.


Is like comparing Apple company and Nigeria.

www.nairaland.com/attachments/6454589_addtextcommtazotiynje4ndu_jpege0de2c2168e41caa1ecc2b0f1e62fd5b


These Igbos no go kill pesin sha

EternalTruths:



Is Nigeria richer than Apple, BMW, Tesla, Ford, LG, Samsung etc.

yes, Nigeria is richer than those companies. those company can not pay the salaries of Nigeria workers and still exist till today. so govt is not profit making org understands?

Pls u guys shud jst stop beefing lagos, instead let's tell our leaders to develop our own states instead of their pockets and that of their families, I'm nt from the south west, these leaders of ours v Wat it takes to move our various states forward, greed won't let dem do it... Tribal fight n beefing wud do none of us any good. My 2kobo

What is delta-igbo?


it's either you're deltan or igbo


You can't claim a boundary as a tribe na

Gazzy88:
That mumu won't understand the savage. The FG should,as a matter of national wellbeing, setup a commission to regular emotions, hates and envy in the SE. It's not easy being left out from the scheme of things hence all this attention-seeking dramas. 1-10 of Africa's richest doesn't feature just one Igbo man inspite of their boasting. If you want to see real-time billionaires,go to Kano. This is a fact yet you won't see dem abokis making mouth like our blodas from the east. Whenever they bring up their jokes,just laugh and nod in agreement at least to have peace of mind because they won't concur to your counter-facts. They are programmed to be deluded.

Its really a big shame.

jamesibor:


Igbo is Igbo. There's nothing like Delta Igbo.

This is quite true if i had posted their tribes as igbos by now some people would have crucified me but it is fine i had to reduce shock by segregating delta igbos from igbos

Gazzy88:
That mumu won't understand the savage. The FG should,as a matter of national wellbeing, setup a commission to regular emotions, hates and envy in the SE. It's not easy being left out from the scheme of things hence all this attention-seeking dramas. 1-10 of Africa's richest doesn't feature just one Igbo man inspite of their boasting. If you want to see real-time billionaires,go to Kano. This is a fact yet you won't see dem abokis making mouth like our blodas from the east. Whenever they bring up their jokes,just laugh and nod in agreement at least to have peace of mind because they won't concur to your counter-facts. They are programmed to be deluded.

why are you people loosing your peace over this thread, this is even meant to promote economic consciousness and and intelligence, if i threw a real ethnic tantrum at you folks Nairaland would crash so i dont throw tribal / ethnic slurs i just want to promote good business discuss

EternalTruths:


Unfortunately, we have to achieve it without government apparatus since we don't have control over the instrumentations of the FG like in the days of Jonathan to implement it.

We have to establish a successful Igbo R & D company to help bring to reality the technological ideas of our people and globalized their products.


God will help us as we remind him in prayers everyday.

I have confident that God will help us out.


Already, I am working towards a technology that if successful, will get our people out of poverty forever.

I am very confident that Things can really work out for the East, but how can we get banks, Transport Companies , retail businesses to invest in R and D when all they need is to have products financed and delivered to consumers.

Retail Giants like Coscharis are already investing in Manufacturing of vehicles in Lagos without consideration to R and D , i think IVM has some R and D component in his business , otherwise he would not have been able to meet the stringent demands of the Air force and Army.

Also about your technology , i think part of the research should include how to fund such innovations so that it will not end up at the demo stage

kettykings:


I am very confident that Things can really work out for the East, but how can we get banks, Transport Companies , retail businesses to invest in R and D when all they need is to have products financed and delivered to consumers.

Retail Giants like Coscharis are already investing in Manufacturing of vehicles in Lagos without consideration to R and D , i think IVM has some R and D component in his business , otherwise he would not have been able to meet the stringent demands of the Air force and Army.

Also about your technology , i think part of the research should include how to fund such innovations so that it will not end up at the demo stage

You asked a good question about the financing of R & D which I have proposed a solution on how to finance R & D for our Universities but unfortunately, I have not thought through on how to finance private R & D.

I will update you, once I think things through.

For now, the only idea I have is to model it according to;

1) BetNaija model

2) Mutual Fund investment model.


The problem is, how to convince people that it is more like betting but a better one because if they invest and it works, they will be rewarded handsomely as shareholders and if it fails, their money will be lost forever.


It is easy to convince people to invest in a technology when it is about to be industrialized than developed.

Kettykings, for now, someone has to be willing to make sacrifice in helping others get their technological ideas into reality and being a shareholder.

With the profits realized as a shareholder, help to develop the ideas of other brilliant minds just like JP Morgan.

That is the idea that can work for private R & D company

You remember how Kennis music singlehandedly developed Nigerian Music industry using AiT station to project plantation boys, Tony telula etc.


That is the JP Morgan system

Igbos and confusion.

GoldNiagara:
Op conveniently left out banks like Gtb, Fcmb, Globalcom, First banks and failed to state that Lagos State generated 412 Billion Naira in 2017 against the 300B plus of zenith and uba.

Globacom alone is richer than Zenith Bank.

EternalTruths:



You asked a good question about the financing of R & D which I have proposed a solution on how to finance R & D for our Universities but unfortunately, I have not thought through on how to finance private R & D.

I will update you, once I think things through.

For now, the only idea I have is to model it according to;

1) BetNaija model

2) Mutual Fund investment model.


The problem is, how to convince people that it is more like betting but a better one because if they invest and it works, they will be rewarded handsomely as shareholders and if it fails, their money will be lost forever.


It is easy to convince people to invest in a technology when it is about to be industrialized than developed.

Your first value propositions are fine but will CSC allow crowd funding , i read in a thisday publication how they said it is disallowed

The Mutula investment fund model might be just be a little too cumbersome for starters .

The East Really needs a crowdfunding firm to finnance innovations and inventions

EternalTruths:
ashjay1 gazzy88 walexy100



Is Nigeria richer than Apple, BMW, Tesla, Ford, LG, Samsung etc.

A globalized company can be richer than a country.

How much does Nigeria makes from oil & gas every year and compare it with what these companies make every year.


Take R & D education serious, if you want Nigeria to have globalized companies that can create wealth & good jobs.

Go get properly inform before arguing blindly.

Who are u to preach! A truly enlightened n egalatarian fellow, that u claim to be, would av left bigotry n tribal politics to d less informed! The son of a kenyan(black african with all it connotes) became president of d US(majority white racists).


Now imagine d kind of mentality, that will compare a country's/state's revenue to a privately held entity's revenue?

To humour ur tomfoolery;
-how old is lagos compared to ur apple, mtn etc atc?
U're allowed to combine their ages!

-at d last count, lagos had 15m+ individuals generating revenue for it.
U're allowed to combine all ur richest companies' staff, quote me when u reach a million!

-compare office space! Lagos=999.6km^2(land only), apple+mtn group+diamond bank+..........=

verydark:
this thread dont make sense.lagos is a country in africa on its own.after egypt their is no other country that come near lagos.

Lagos is country Never hurts to double check before hitting submit.

Rmxr:


Doesn't mean anything

Oba Otudeko used to be the chairman of First bank, did that make him the owner? Same Oba Otudeko was the chairman of Airtel Nigeria before Alfa Belgore. Does that make them owners?

Hakeem Bello-Osagie was the Chairman of Etisalat Nigeria before he resigned. Did that make him the owner? Joseph Nnanna is the new chairman

Fola Adeola was chairman of GTbank. Today, Osaretin-Demuren is Chairman

Get some education and stop embarrassing yourself.

Rmxr:


Doesn't mean anything

Oba Otudeko used to be the chairman of First bank, did that make him the owner? Same Oba Otudeko was the chairman of Airtel Nigeria before Alfa Belgore. Does that make them owners?

Hakeem Bello-Osagie was the Chairman of Etisalat Nigeria before he resigned. Did that make him the owner? Joseph Nnanna is the new chairman

Fola Adeola was chairman of GTbank. Today, Osaretin-Demuren is Chairman

Get some education and stop embarrassing yourself.

Rmxr:


Doesn't mean anything

Oba Otudeko used to be the chairman of First bank, did that make him the owner? Same Oba Otudeko was the chairman of Airtel Nigeria before Alfa Belgore. Does that make them owners?

Hakeem Bello-Osagie was the Chairman of Etisalat Nigeria before he resigned. Did that make him the owner? Joseph Nnanna is the new chairman

Fola Adeola was chairman of GTbank. Today, Osaretin-Demuren is Chairman

Get some education and stop embarrassing yourself.

and stop embarrassing Igbo race.

IkpuMmadu:


MTN Nigeria is chaired by

so because MTN Nigeria it's chaired by a deltan,it means the deltan own the company called MTN Nigeria?

EternalTruths:


There is a difference between generating a revenue and profit.

The 412 billion generated by Lagos State is before expenses were deducted. Therefore would have little left over for Savings/ Foreign Reserve.

The 300 billion generated by Zenith and UBA is after expenses were deducted.
This is a clear indication that they are richer than Lagos


In the end, after Lagos deducted her expenses, how much was left for savings & investments.? None.



A State can have left over just as a company can have.


In the case of a company, it is called Profit
In the case of a State, it is called Savings/Reserve.


The Profits of those companies are far higher than the Reserves of Lagos State


That is what Kettykings and co have being trying to pass along but educated illiterates from Afonja land don't want to understand.

Isnt it really hare brained to compare a state with a bank.Now you are drawing distinction between generating funds and profits after tax.

Now are you saying Zenith bank declared 300 Bill on profit in year 2017.