DexterousOne:

Sir
Look at the state of the economy

Does it inspire anyone to commit large funds to invest in the real sector

With all the issues that beset the country at the moment?

I am divesting to safe havens abeg....
This is not looking good for us in this country

Actually now is the best time if you look at some select sectors.
But if na local business I will say no.

olujaidi:
Ahiboilandgas opening people's yansh anyhow

He really understands Nigeria.

The fear of investing in the real sector of the economy is not really because of the state of the economy, afterall many lebanesse, Indians and FDI still come in. It is beyond that.

DexterousOne:

Sir
Look at the state of the economy

Does it inspire anyone to commit large funds to invest in the real sector

With all the issues that beset the country at the moment?

I am divesting to safe havens abeg....
This is not looking good for us in this country

Theconglomerate:
Actually now is the best time if you look at some select sectors.
But if na local business I will say no.

The real sector is actually commitinh some funds to the streets

Production

Agric

All that good stuff



The purchasing power of most Nigerians have been decimated, so who will then buy

Except u are going into essentials

But that one sef is crowded and jam packed

ojesymsym:
The fear of investing in the real sector of the economy is not really because of the state of the economy, afterall many lebanesse, Indians and FDI still come in. It is beyond that.

Many Lebanese and Indians indeed


I hear you

DexterousOne:

The real sector is actually commitinh some funds to the streets

Production

Agric

All that good stuff



The purchasing power of most Nigerians have been decimated, so who will then buy

Except u are going into essentials

But that one sef is crowded and jam packed

You must not sell in Nigeria.
2)There are items people will always buy,good economy or not.
Food,alcohol,etc...
Those are everyday products.
Na to look well then align properly.

ojesymsym:
The fear of investing in the real sector of the economy is not really because of the state of the economy, afterall many lebanesse, Indians and FDI still come in. It is beyond that.

FDI inflows into this country has been shrinking seriously

FPI is what still grows to an extent
Cos its easy to pull out

And even at that

All these supposed Lebanese and some of these indians

I no dey rate them

Some come here cos they can get away with sharp practices here

Theconglomerate:
You must not sell in Nigeria.
2)There are items people will always buy,good economy or not.
Food,alcohol,etc...
Those are everyday products.
Na to look well then align properly.

That's why I mentioned essentials
Which you have listed some

But like I said

That space is crowded

Very few Nigerians can really do business if you ask me. Those who succeed immediately go into preservation mode which is why we have SUKUK, TB and Bonds oversubscribed.
Then there is also the safe haven of real estate, but when it comes to real production (not trading), only the very brave Nigerians are bold enough to try which is the void that Indians and Lebanese come to fill.

DexterousOne:


FDI inflows into this country has been shrinking seriously

FPI is what still grows to an extent
Cos its easy to pull out

And even at that

All these supposed Lebanese and some of these indians

I no dey rate them

Some come here cos they can get away with sharp practices here

DexterousOne:


That's why I mentioned essentials
Which you have listed some

But like I said

That space is crowded

Do your own and grow,crowd wouldn't matter if you know what you are doing.
Trading Business is very simple;
1)Identify good product that can sell.
2) Go to the overall source and buy.
3)Get better position to establish and be committed to it.
4)Sell good price.
If you have these,you must grow.
You don't just jump and start manufacturing,you must start from trading so you will know what has demand enough to be produced or not.

ojesymsym:
Very few Nigerians can really do business if you ask me. Those who succeed immediately go into preservation mode which is why we have SUKUK, TB and Bonds oversubscribed.
Then there is also the safe haven of real estate, but when it comes to real production (not trading), only the very brave Nigerians are bold enough to try which is the void that Indians and Lebanese come to fill.

Lmao
These indians coming here seek expansion into new grounds really

They have succeeded elsewhere most of the times


You cant compare the two

Growing up in Nigeria puts you in what I call the "cesspool of negativity" and that is why we are always on "preservation mode" like you have said

To most Nigerians
It's a daily fight out of poverty
And a fight not to return to poverty

That's why we are all playing safe

I domt know if you get me

Theconglomerate:
Do your own and grow,crowd wouldn't matter if you know what you are doing.
Trading Business is very simple;
1)Identify good product that can sell.
2) Go to the overall source and buy.
3)Get better position to establish and be committed to it.
4)Sell good price.
If you have these,you must grow.
You don't just jump and start manufacturing,you must start from trading so you will know what has demand enough to be produced or not.

I trade occasionally

It's not as easy as you paint it

But thank u for the advice

DexterousOne:


I trade occasionally

It's not as easy as you paint it

But thank u for the advice

Well yeah,trading is very hard and you have to be updated to always be ahead of your competitors.
It's a long term business,something you must commit 10 years plus to succeed.
I did not say it was easy,but it's worth it in the long run if you care.

I agree with you. The point I am making is that it is not really just the state of the economy.

Someone here said he would leave his house unrented the other day because of tenant wahala, house that he built with his money. That decision was not made because of the state of the economy.

The bolded is true. Mindset issues.

DexterousOne:



Lmao
These indians coming here seek expansion into new grounds really

They have succeeded elsewhere most of the times


You cant compare the two

Growing up in Nigeria puts you in what I call the "cesspool of negativity" and that is why we are always on "preservation mode" like you have said

To most Nigerians
It's a daily fight out of poverty
And a fight not to return to poverty

That's why we are all playing safe

I domt know if you get me

ojesymsym:
I agree with you. The point I am making is that it is not really just the state of the economy.

Someone here said he would leave his house unrented the other day because of tenant wahala, house that he built with his money. That decision was not made because of the state of the economy.

The bolded is true. Mindset issues.

The mindset issue o

It's very very problematic for us

Hope we will break free one day

There are no structure in place
No safety net
Every man for himself

Dog eat dog

So after hustling sweat and blood
.and I accumulate a small portfolio of N26.7m

You expect that person to be adventurous?

When there is high risk of losing it all?...

And no mild credit facilities (the banks credit here is killing )

So what do you want em to do

The indian have access to credit

ojesymsym:
Very few Nigerians can really do business if you ask me. Those who succeed immediately go into preservation mode which is why we have SUKUK, TB and Bonds oversubscribed.
Then there is also the safe haven of real estate, but when it comes to real production (not trading), only the very brave Nigerians are bold enough to try which is the void that Indians and Lebanese come to fill.

Well,trading is very good if you know the business well.
They own the markets and dictate to manufacturers most of the time,unless a smarter and very rich manufacturer comes into play and change the music for them.
Na traders dey determine whether your product will sell or not and are most times richer than you.
So be careful before you try to talk them down.
Diageo and pernod-ricard are both trading companies that went on acquiring spree buying out their manufacturers and turn them to boy-boy!

JHL weh na ordinary importer according to some people is dictating the tune for a whole Moet-Hennessy in Nigeria.
Be guided.

Of course trading makes more money than actual producers. The price a farmer sells his basket of tomatoes in faraway North is probably the same price of a few kgs in Shoprite.
If production was easy we would have many oil maguls building refineries, not importing products and collecting subsidies.

If you have funds today you can start trading immediately whereas for production, you would have to tie money down building your factory. Then there is the issue of power to contend with.

So yes I know the advantages of trading

Theconglomerate:
Well,trading is very good if you know the business well.
They own the markets and dictate to manufacturers most of the time,unless a smarter and very rich manufacturer comes into play and change the music for them.
Na traders dey determine whether your product will sell or not and are most times richer than you.
So be careful before you try to talk them down.
Diageo and pernod-ricard are both trading companies that went on acquiring spree buying out their manufacturers and turn them to boy-boy!

ojesymsym:
Of course trading makes more money than actual producers. The price a farmer sells his basket of tomatoes in faraway North is probably the same price of a few kgs in Shoprite.
If production was easy we would have many oil maguls building refineries, not importing products and collecting subsidies.

If you have funds today you can start trading immediately whereas for production, you would have to tie money down building your factory.

So yes I know the advantages of trading

Na sooo...

ojesymsym:
Of course trading makes more money than actual producers. The price a farmer sells his basket of tomatoes in faraway North is probably the same price of a few kgs in Shoprite.
If production was easy we would have many oil maguls building refineries, not importing products and collecting subsidies.

If you have funds today you can start trading immediately whereas for production, you would have to tie money down building your factory.

So yes I know the advantages of trading

Exactly

chidekings:
due to things i read here that its impossible to withdrew dollars from dorm account,i went to fcmb today and made a dollar withdrawal and process takes less than 10 mins.we should verify our reports before saying them.

Immediately I got wind of the news I placed a called to an account officer and he debunked the claim. News should be verified and not rushing to bring it to a public forum Ike this.

ahiboilandgas:
am not anger ....femi/zenon blessed a lot of young marketers like me in 2004,5 ,6 ,7 cos with distortion i can make 500k per truck without leaving zenon depot....i just buy from zenon and sell the tickets to desperate people and make 10 naira (330k ) and go back to my hotel room ....is stayed in hotel for 3 years continues without feeling it .....all hotels in apapa was turn to home by marketer...b4 the burst...

Hmmm.... Interesting and dye opening.

emmanuelewumi:



Not a bad deal for him, his debts are worth more than assets seized, I guess the debts were bought by AMCON from the banks at a discount.

Ifeanyi Ubah of Capital Oil is still indebted to the tune of over N110 billion, I wonder how those guys manage to sleep at night

Lol

Theconglomerate:
JHL weh na ordinary importer according to some people is dictating the tune for a whole Moet-Hennessy in Nigeria.
Be guided.

sorry what's JHL?

ojesymsym:
From the perspective of those of us in this group, this is bad news.
From a government/ CBN perspective this is good news and bad news. Good news before it is easier to manage a 4% interest rate than 18% interest rate. Bad news in the sense that people are still not willing to invest in the real sector.

excess liquidity is the issue and not forgetting our rubber stamp Senate that has been approving quite a number of huge foreign loans ...like everyone is saying, one has to venture into one of these industries..these rates may not edge up till when it's time to pay back those foreign loans...I want to see how our government will rob peter (collect foreign loan again) to pay paul( offset existing foriegn loans)

Theconglomerate:
Actually now is the best time if you look at some select sectors.
But if na local business I will say no.

Which sector can one invest please.

But people do u notice how Emma and Ahib oil argue respectfully? No insults. No name calling. They tackle issues without taking it personally. @conglomerates hope u are learning how to disagree without being disagreeable. Welldone sirs. I'm learning too

damilola1978:
sorry what's JHL?

JHL means josien holdings limited owned by Chief Joe Ogbegbor.

Satoshi2019:
But people do u notice how Emma and Ahib oil argue respectfully? No insults. No name calling. They tackle issues without taking it personally. @conglomerates hope u are learning how to disagree without being disagreeable. Welldone sirs. I'm learning too

True. And both of them give practical examples... not just theories

Nigeria Sells Treasury Bills to Investors at 1.80%
https://businesspost.ng/economy/nigeria-sells-treasury-bills-to-investors-at-1-80/

dipoolowoo:
Nigeria Sells Treasury Bills to Investors at 1.80%
https://businesspost.ng/economy/nigeria-sells-treasury-bills-to-investors-at-1-80/

inflation is 12.5 percents who are those investing at 1.88 .....that a huge lost ......

dipoolowoo:
Nigeria Sells Treasury Bills to Investors at 1.80%
https://businesspost.ng/economy/nigeria-sells-treasury-bills-to-investors-at-1-80/

When I can conveniently leave the money in my bank account at 3.75 instead.