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Treasury Bills In Nigeria - Investment (1571) - Nairaland

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Re: Treasury Bills In Nigeria by 9jatriot(m): 9:06am On Sep 28, 2020
"Do you know who he is" Somebody that has travelled to the moon, had a vacation in Mars recently?

There was a day sef, me and him went to Jupiter to charge our phones for the fun of it.

Non be nairaland, anyone can claim anything
Nigsrdumb:


I just woke up bra.

Let me ask you a quick question are you based in Nigeria or abroad?

Have you ever travelled out of Nigeria?
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:06am On Sep 28, 2020
Nigsrdumb:


I just woke up bra.

Let me ask you a quick question are you based in Nigeria or abroad?

Have you ever travelled out of Nigeria?

Your first question

Unfortunately for now I am based primarily in nigeria (for now)

And to your second question
Yes I have

And that has exposed my eyes to how failed the country is ATM and motivated me to make plans to leave in the first place over the next few years

As a kid I used to hear
But as an adult
I saw

So what next?

1 Like

Re: Treasury Bills In Nigeria by DexterousOne(m): 9:08am On Sep 28, 2020
9jatriot:
"Do you know who he is" Somebody that has travelled to the moon, had a vacation in Mars recently?

There was a dat sef, me and him went to Jupiter to charge our phones for the fun of it.

Non be nairaland, anyone can claim anything
I never told you I went to the moon or Jupiterundecided

Where did you get that from grin grin grin
Re: Treasury Bills In Nigeria by Nobody: 9:15am On Sep 28, 2020
DexterousOne:


Your first question

Unfortunately for now I am based primarily in nigeria (for now)

And to your second question
Yes I have

And that has exposed my eyes to how failed the country is ATM and motivated me to make plans to leave in the first place over the next few years

As a kid I used to hear
But as an adult
I saw

So what next?


Ok i get it. Your personal aspirations to go back isn't the issue, but the over glorification of the west.

As you're planning to japa, some are planning to return. It all depends on where you are in life and your plans.

Some see Nigeria as a hell hole others see enjoyment , peace of mind etc.

One thing ill be clear on there's nothing any black man can conquer in the west.

So japa but don't be overly optimistic about the West.

There are so many Nigerians living better than your average westerner.

All in the west is a leveler , that's about it..
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:23am On Sep 28, 2020
Nigsrdumb:



Ok i get it. Your personal aspirations to go back isn't the issue, but the over glorification of the west.

As you're planning to japa, some are planning to return. It all depends on where you are in life and your plans.

Some see Nigeria as a hell hole others see enjoyment , peace of mind etc.

One thing ill be clear on there's nothing any black man can conquer in the west.

So japa but don't be overly optimistic about the West.

There are so many Nigerians living better than your average westerner.

All in the west is a leveler , that's about it..




Some see Nigeria as a hell hole others see enjoyment , peace of mind etc.

That's true


So japa but don't be overly optimistic about the West
Of course
I am not leaving for financial reasons as such
I'm just tired of foolishness
That's all
And besides
It does not have to be a traditional western country
I have been following up on that consultant that I shared with you guys months ago


Ok i get it. Your personal aspirations to go back isn't the issue, but the over glorification of the west.
What is your definition of "Overglorification of the West?"

Pointing out your shithole country as a shithole country is not over glorifying the west
The west have advanced beyond what was imaginable 100 years ago
That's a fact that may be hard to accept for non westerners
But they designed the global economic order and bretton woods
And the world has been sucked into it

Its not over glorification
It is what it is.


There are so many Nigerians living better than your average westerner
Some Nigerians
Not many
A country that not up to 5% of its account holders have up to 500k and have the highest out of school kids that us double the population of Portugal cannot have "many Nigerians " living better than your typical westerner

That's a pipe dream cheesy

Maybe those of us in the upper middle class above have a chance
Anything below that
It's a fallacy

3 Likes

Re: Treasury Bills In Nigeria by Nobody: 9:30am On Sep 28, 2020
DexterousOne:



Some see Nigeria as a hell hole others see enjoyment , peace of mind etc.

That's true


So japa but don't be overly optimistic about the West
Of course
I am not leaving for financial reasons as such
I'm just tired of foolishness
That's all
And besides
It does not have to be a traditional western country
I have been following up on that consultant that I shared with you guys months ago


Ok i get it. Your personal aspirations to go back isn't the issue, but the over glorification of the west.
What is your definition of "Overglorification of the West?"

Pointing out your shithole country as a shithole country is not over glorifying the west
The west have advanced beyond what was imaginable 100 years ago
That's a fact that may be hard to accept for non westerners
But they designed the global economic order and bretton woods
And the world has been sucked into it

Its not over glorification
It is what it is.


There are so many Nigerians living better than your average westerner
Some Nigerians
Not many
A country that not up to 5% of its account holders have up to 500k and have the highest out of school kids that us double the population of Portugal cannot have "many Nigerians " living better than your typical westerner

That's a pipe dream cheesy

Maybe those of us in the upper middle class above have a chance
Anything below that
It's a fallacy

I agree, but maintain that the west is over glorified has someone who is currently living there.

Just my opinion.

It's not light year's ahead of Nigeria other than the fact that the government refuses to do simple thing's that can bring visible change.

People who are doing really well in Nigeria will never live abroad, except for the struggling middle class.
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:36am On Sep 28, 2020
Nigsrdumb:


I agree, but maintain that the west is over glorified has someone who is currently living there.

Just my opinion.

It's not light year's ahead of Nigeria other than the fact that the government refuses to do simple thing's that can bring visible change.

People who are doing really well in Nigeria will never live abroad, except for the struggling middle class


Are you joking?
Hahahaha
Your final paragraph?

Otedola and daughters are perpetual residents of Britain

Ohakim children are perpetual residents of Ireland (if I remember well)

Even Tinubu son is a perpetual resident of Britain

I could go on and on

Crony capitalists cannot replicate how they made money here out there
That's why they still have to stay here na undecided

Where else can you for example import invisible oil and claim subsidy on it ? grin

Or underimport oil
Claim full subsidy
And then smuggle it abroad to sell at market prices and make obscene moneyundecided

My brother gba gbe iyen

These guys have their kids and grand kids based abroad
We know that
Not all
But so many


Even some Nigerians that have say N200m to N300m upwards are getting residencies elsewhere and moving out with their kids


There is a growing Nigerian expat community in Panama and the UAE for example
Is it struggling middle class that is going there to get residencies cheesy

I'm not a N300m man though
But if I had above that
What am I doing hereundecided

9 Likes

Re: Treasury Bills In Nigeria by Nobody: 9:42am On Sep 28, 2020
DexterousOne:



Are you joking?
Hahahaha
Your final paragraph?

Otedola and daughters are perpetual residents of Britain

Ohakim children are perpetual residents of Ireland (if I remember well)

Even Tinubu son is a perpetual resident of Britain

I could go on and on

Crony capitalists cannot replicate how they made money here out there
That's why they still have to stay here na undecided

Where else can you for example import invisible oil and claim subsidy on it ? grin

Or underimport oil
Claim full subsidy
And then smuggle it abroad to sell at market prices and make obscene moneyundecided

My brother gba gbe iyen

These guys have their kids and grand kids based abroad
We know that
Not all
But so many


Even some Nigerians that have say N200m to N300m upwards are getting residencies elsewhere and moving out with their kids


There is a growing Nigerian expat community in Panama and the UAE for example
Is it struggling middle class that is going there to get residencies cheesy

I'm not a N300m man though
But if I had above that
What am I doing hereundecided

Those people you mentioned are not perpetual residents.

They breeze in and out.

They can afford any lifestyle they want.

1 Like

Re: Treasury Bills In Nigeria by DexterousOne(m): 9:44am On Sep 28, 2020
Nigsrdumb:


I agree, but maintain that the west is over glorified has someone who is currently living there.

Just my opinion.

It's not light year's ahead of Nigeria other than the fact that the government refuses to do simple thing's that can bring visible change.

People who are doing really well in Nigeria will never live abroad, except for the struggling middle class.

Wait !
I missed something

Did you say the West (I'll add china and HK and their likes) are not light years away from Nigeria?


Huh?
Hahahahahahaha
I see what is the issue with you though

You are too patriotic grin cheesy
You place Nigeria on one pedestal like that tongue

A country that majority of the people still defecate in public, majority cannot boast of potable water, and cannot even proffer simple solutions to their problems

That is who is not light years behind the advanced nations of the world?

Point to one ground breaking research that has come out here that influenced the world in a positive way...

When we were in the throes of the pandemic

Other countries entered the race into being who will be the first to come up with a solution

Africa and Nigeria was waiting for who will give them the vaccine cheesy grin

And the country is not ashamed of itself undecided

They are FAR AHEAD OF US
It's hard to accept
But that's the truth

6 Likes

Re: Treasury Bills In Nigeria by DexterousOne(m): 9:46am On Sep 28, 2020
Nigsrdumb:


Those people you mentioned are not perpetual residents.

They breeze in and out.

They can afford any lifestyle they want.


Someone who spends up to six months in one place is a resident of that place

Those kids do not spend 6 months in Nigeria
This cannot be assessed as residents of Nigeria

Thus
Spending 6 months upwards in a country over 5 years make you a perpetual resident there

The fact that you come to Nigeria from time to time does not mean you are not a perpetual resident of Britain (as is the case with the Otedola girls)

2 Likes

Re: Treasury Bills In Nigeria by Nobody: 9:51am On Sep 28, 2020
DexterousOne:


Wait !
I missed something

Did you say the West (I'll add china and HK and their likes) are not light years away from Nigeria?


Huh?
Hahahahahahaha
I see what is the issue with you though

You are too patriotic grin cheesy
You place Nigeria on one pedestal like that tongue

A country that majority of the people still defecate in public, majority cannot boast of potable water, and cannot even proffer simple solutions to their problems

That is who is not light years behind the advanced nations of the world?

Point to one ground breaking research that has come out here that influenced the world in a positive way...

When we were in the throes of the pandemic

Other countries entered the race into being who will be the first to come up with a solution

Africa and Nigeria was waiting for who will give them the vaccine cheesy grin

And the country is not ashamed of itself undecided

They are FAR AHEAD OF US
It's hard to accept
But that's the truth

Ok i don hear you.

As the number of exiled Nigerians are growing so are the returnees.

Check how black Americans are moving back to countries like Ghana, Tanzania etc.

Type phrankleen into YouTube.
Re: Treasury Bills In Nigeria by DexterousOne(m): 9:52am On Sep 28, 2020
Nigsrdumb:


Ok i don hear you.

As the number of exiled Nigerians are growing so are the returnees.

Check how black Americans are moving back to countries like Ghana, Tanzania etc.

Type phrankleen into YouTube.


Yea

I follow Franklin

I love his content
Especially as he breaks down issues of black folks in Britain

He had Wode Maya once on his show too.
I follow up on him

1 Like

Re: Treasury Bills In Nigeria by DexterousOne(m): 9:54am On Sep 28, 2020
Nigsrdumb:


Ok i don hear you.

As the number of exiled Nigerians are growing so are the returnees.

Check how black Americans are moving back to countries like Ghana, Tanzania etc.

Type phrankleen into YouTube.


And that's also true that some AAs come back to africa
For whatever reasons best known to them

That's their luck and their choice
That's the beauty of the 21st century cool

I also follow one on YouTube
And when I have the time
I watch his content

1 Like

Re: Treasury Bills In Nigeria by Nobody: 10:03am On Sep 28, 2020
DexterousOne:


And that's also true that some AAs come back to africa
For whatever reasons best known to them

That's their luck and their choice
That's the beauty of the 21st century cool

I also follow one on YouTube
And when I have the time
I watch his content

They're moving back for a specific reason, that should tell you something about how the world works.

By the way I'm also moving back, so good luck with it all bro.
Re: Treasury Bills In Nigeria by DexterousOne(m): 10:12am On Sep 28, 2020
Nigsrdumb:


They're moving back for a specific reason, that should tell you something about how the world works.

By the way I'm also moving back, so good luck with it all bro.

Yea
Thanks
All the best to you too.

I have heard a few of them talk about their reasons

And I have also met a few in Osu that have small businesses they run
The reasons they give , I can't fault them because that's their experience

But for me
I dont seek approval or acceptance from anybody
So I dont need you to make me feel welcome anywhere i decide to live in this world
You like to be among those who "look like you " and feel accepted with them

That's good
But for people like me
We dont give crap about much of that

White south Africans are largely not accepted there
Same with Namibia
Does it stop them from doing their thing there?

That's the attitude that black man needs to have
But unfortunately
Many of us crave that acceptance too much
And care much of wht others think and perceive of us.
That is why for example you see a black man ask foreigners when he is there on YouTube whether they will date a black man undecided

I never understand this craving acceptance logic sha
Do your thing and achieve what you set out to achieve

That's my motto

That said
It was nice hearing from you again
I hope you enjoy the rest of your day

Till the next time we banter

Peace

4 Likes

Re: Treasury Bills In Nigeria by Nobody: 10:15am On Sep 28, 2020
DexterousOne:


Yea
Thanks
All the best to you too.

I have heard a few of them talk about their reasons

And I have also met a few in Osu that have small businesses they run
The reasons they give , I can't fault them because that's their experience

But for me
I dont seek approval or acceptance from anybody
So I dont need you to make me feel welcome anywhere i decide to live in this world
You like to be among those who "look like you " and feel accepted with them

That's good
But for people like me
We dont give crap about much of that

White south Africans are largely not accepted there
Same with Namibia
Does it stop them from doing their thing there?

That's the attitude that black man needs to have
But unfortunately
Many of us crave that acceptance too much
And care much of wht others think and perceive of us.
That is why for example you see a black man ask foreigners when he is there on YouTube whether they will date a black man undecided

I never understand this craving acceptance logic sha
Do your thing and achieve what you set out to achieve

That's my motto

That said
It was nice hearing from you again
I hope you enjoy the rest of your day

Till the next time we banter

Peace

It's not about that, but we'll leave it there.

I repeat the world isn't a global village grin
Re: Treasury Bills In Nigeria by AngelicBeing: 10:16am On Sep 28, 2020
@ DexterousOne, I agree with all your submissions, I think you have read several of my post on the travel section of nairaland and l think you know were l stand on Nigeria's issues and my position and stand on Nigeria even before I left decades ago remains the same and is irrevocable

@ Jedisco and Philanthropists, I also concur with all your submissions, the 3 of you have voiced my opinions already and no point of me writing a long essay

"To your tent oh lsrael", back to my silent reading mode cheesy

2 Likes

Re: Treasury Bills In Nigeria by Cyberknight: 10:28am On Sep 28, 2020
Nigsrdumb:


Ok i don hear you.

As the number of exiled Nigerians are growing so are the returnees.

Check how black Americans are moving back to countries like Ghana, Tanzania etc.

Type phrankleen into YouTube.


People may be moving back to African countries, but I will bet my bottom dollar that those who are moving "back" voluntarily are full citizens or residents of their western country whence they come. No-one without those is moving anywhere.
Re: Treasury Bills In Nigeria by Nobody: 10:30am On Sep 28, 2020
Cyberknight:


People may be moving back to African countries, but I will bet my bottom dollar that those who are moving "back" voluntarily are full citizens or residents of their western country whence they come. No-one without those is moving anywhere.

Correct. That's why I said everyone's agenda is different.


For someone like me , Nigeria will be a paradise based on my plans.
Re: Treasury Bills In Nigeria by Nobody: 11:11am On Sep 28, 2020
I have been silently following your arguments and counter-arguments about how backward the third world is compared to the first and second. They're all sound and verified, but I will be quick to lend a voice too that just as the saying in the Holy Bible depicted that "the poor will always be in your midst", so it is with countries - some rich and some poor - will always be.

History equally supports my stand of using that above saying.

How? You would ask.

From time immemorial, we have read of the rise and decline of kingdoms, wealthy nations [superpowers] such as Babylonia, Roman Empire, Mongol Empire, British Empire, Soviet Union, United States of America and currently the Communist China and how they leveraged on poor or poorer nations to drive their development [national interest at play]. Go and read Walter Rodney's classic "How Europe Under-developed Africa and you may get my drift.

The bottomline is that all nations cannot and can never be at par: the sub-structure was never designed like that that all nations must be equal [Animal Farm - George Orwell]. Time and season is a major factor I think I should quickly add to it.

3 Likes

Re: Treasury Bills In Nigeria by Nobody: 11:17am On Sep 28, 2020
Phylife:
I have been silently following your arguments and counter-arguments about how backward the third world is compared to the first and second. They're all sound and verified, but I will be quick to lend a voice too that just as the saying in the Holy Bible depicted that "the poor will always be in your midst", so it is with countries - some rich and some poor - will always be.

History equally supports my stand of using that above saying.

How? You would ask.

[b]From time immemorial, we have read of the rise and decline of kingdoms, wealthy nations [superpowers] such as Babylonia, Roman Empire, Mongol Empire, British Empire, Soviet Union, United States of America and currently the Communist China and how they leveraged on poor or poorer nations to drive their development [national interest at play]. Go and read Walter Rodney's classic "How Europe Under-developed Africa and you may get my drift]

The bottomline is that all nations cannot and can never be at par: the sub-structure was never designed like that that all nations must be equal [Animal Farm - George Orwell]. Time and season is a major factor I think I should quickly add to it.
.[/b

Extremely intelligent. You get it.
Re: Treasury Bills In Nigeria by Alexgeneration(m): 11:43am On Sep 28, 2020
Phylife:
I have been silently following your arguments and counter-arguments about how backward the third world is compared to the first and second. They're all sound and verified, but I will be quick to lend a voice too that just as the saying in the Holy Bible depicted that "the poor will always be in your midst", so it is with countries - some rich and some poor - will always be.

History equally supports my stand of using that above saying.

How? You would ask.

From time immemorial, we have read of the rise and decline of kingdoms, wealthy nations [superpowers] such as Babylonia, Roman Empire, Mongol Empire, British Empire, Soviet Union, United States of America and currently the Communist China and how they leveraged on poor or poorer nations to drive their development [national interest at play]. Go and read Walter Rodney's classic "How Europe Under-developed Africa and you may get my drift.

The bottomline is that all nations cannot and can never be at par: the sub-structure was never designed like that that all nations must be equal [Animal Farm - George Orwell]. Time and season is a major factor I think I should quickly add to it.
Because the Bible said "the poor will always be in your midst ", is why Africa and Africans will continually be reeking of mediocrity and poverty?




Africans keep referring to Walter Rodney's book in deflecting their gross incompetence while they forget that China, Singapore and other serious southeast Asian countries were also colonized.




Nobody should be guilt tripped in staying in a backwater country all in the name patriotism.

7 Likes

Re: Treasury Bills In Nigeria by Nobody: 11:47am On Sep 28, 2020
Alexgeneration:
Because the Bible said "the poor will always be in your midst ", is why Africa and Africans will continually be reeking of mediocrity and poverty?




Africans keep referring to Walter Rodney's book in deflecting their gross incompetence while they forget that China, Singapore and other serious southeast Asian countries were also colonized.




Nobody should be guilt tripped in staying in a backwater country all in the name patriotism.

These same Africans that are mediocre is what you want to flood the west with?

You think they can't see what's going on?

Self awareness is missing.


Think about it this way, will you let savage babarians who can't rule themselves flood your country?


Ever heard of the saying import third world become third world?
Re: Treasury Bills In Nigeria by XiaoLi: 1:34pm On Sep 28, 2020
Give details on the bolded please.
Phylife:
I have been silently following your arguments and counter-arguments about how backward the third world is compared to the first and second. They're all sound and verified, but I will be quick to lend a voice too that just as the saying in the Holy Bible depicted that "the poor will always be in your midst", so it is with countries - some rich and some poor - will always be.

History equally supports my stand of using that above saying.

How? You would ask.

From time immemorial, we have read of the rise and decline of kingdoms, wealthy nations [superpowers] such as Babylonia, Roman Empire, Mongol Empire, British Empire, Soviet Union, United States of America and currently the Communist China and how they leveraged on poor or poorer nations to drive their development [national interest at play]. Go and read Walter Rodney's classic "How Europe Under-developed Africa and you may get my drift.

The bottomline is that all nations cannot and can never be at par: the sub-structure was never designed like that that all nations must be equal [Animal Farm - George Orwell]. Time and season is a major factor I think I should quickly add to it.
Re: Treasury Bills In Nigeria by XiaoLi: 1:42pm On Sep 28, 2020
You are even using China and HK which is equal to the so called west (Shanghai, Beijing, Shenzhen and Hk is more beautiful than many cities in the so called west), countries like Malaysia, Thailand and even Vietnam are light years away from Nigeria.
DexterousOne:


Wait !
I missed something

Did you say the West (I'll add china and HK and their likes) are not light years away from Nigeria?


Huh?
Hahahahahahaha
I see what is the issue with you though

You are too patriotic grin cheesy
You place Nigeria on one pedestal like that tongue

A country that majority of the people still defecate in public, majority cannot boast of potable water, and cannot even proffer simple solutions to their problems

That is who is not light years behind the advanced nations of the world?

Point to one ground breaking research that has come out here that influenced the world in a positive way...

When we were in the throes of the pandemic

Other countries entered the race into being who will be the first to come up with a solution

Africa and Nigeria was waiting for who will give them the vaccine cheesy grin

And the country is not ashamed of itself undecided

They are FAR AHEAD OF US
It's hard to accept
But that's the truth
Re: Treasury Bills In Nigeria by ultron12345: 2:08pm On Sep 28, 2020
Nigsrdumb:


Ok i don hear you.

As the number of exiled Nigerians are growing so are the returnees.

Check how black Americans are moving back to countries like Ghana, Tanzania etc.

Type phrankleen into YouTube.


My brother, you have spoken well.

Where some see problems, others see opportunity. To some, the infrastructure in Nigeria is a problem, to others, it's an opportunity.

Let me use the Nigerian banking sector as an example. Today, Nigeria's banking sector is well developed, but it was not always so. Back in the 70s and 80s, it was very poor and underdeveloped. At that time, there were two sets of people.

The first set of people are like dextrousone. They were wailing and frowning and insulting the industry, calling the country a shithole for not having a well developed banking industry comparable to other countries.

The second set of people, instead of seeing the underdeveloped banking industry as a problem, saw it as an opportunity to get a strong foothold in the industry. Back then, it was very easy to start a bank due to undevelopment of the sector. Very low regulatory and capital requirements. So they took advantage of this and started bank, some collapsed while some became the banks we see today. Among this second set of people, are the likes of Tony Elumelu and Jim Ovia.

Now that the banking industry is developed, the opportunity in the industry has reduced. Very very few can meet to high and tight capital and regulatory requirements to get into the banking industry today, compared to back in those days when the industry was underdeveloped and therefore with low requirements which provided the opportunity for people like Jim and Tony. If Jim and Tony were today in the same position where they were back in those days before starting their banks, graduates with few years of working experience, of course they wouldn't be able to start UBA and Zenith Bank today. It was the underdevelopment of the industry that gave them their opportunity. Today, all the wailers, including those who used the undeveloped industry as an excuse to move abroad, are nowhere near them.

I am not saying everyone must stay in Nigeria. If you think abroad will favour you better than Nigeria, then leave. Those that believe Nigeria favours them better than abroad, will stay back. The problem I have is that those that want to leave will not allow the rest to hear word, everytime disturbing and insulting those that want to stay. If you wan go, then go in peace and leave us alone. Indians go abroad too and achieve far far more than any Nigerian diaspora can ever achieve, yet you won't hear then making useless noise or insulting their country and those who decided to stay back. As you're leaving, many are coming in, especially the Lebanese and Indians, and I can bet these people that are coming in will be far more productive and beneficial to the nation than you if you stayed. Where I leave, there's a large number of Lebanese-Nigerians who've been here for generations. Others came quite recently. I see the huge celebrations they throw when they get their Nigerian passports. So as you're celebrating your Permanent Residency or passport abroad, there are also those who are celebrating getting our own down here. So as you're going, we are working towards building our own back here. Our own that we can call our own, not another person's own where I will have to be continuously chanting black lives matter, racism and I can't breathe.

So as Abroad is your paradise, Nigeria is also paradise for others. Go to your paradise and let others enjoy their paradise in peace.

Also, anti-immigrant sentiment is springing up across the developed world. Trump is only the first. Go and look at others like Matteo Salvini in Italy. That one is willing to sink any ship carrying african migrants across the Mediterranean. I hope if or when the real owners of those countries you're running to, decide to kick you out, you will not start shouting "Black Lives Matter"and racism and "I can't breathe", because they have a right chase away unwanted visitors. They also have a right to treat you as they wish, including gunning you down for no just reason. If you don't like it, they'll tell you, shut up or go back to your country.

Funny how they call and cheer and love it when Trump calls their country or continent a shithole but get angry and start calling him racist when he treats them and their kind as nothing more than "shit from a shithole"

28 Likes 3 Shares

Re: Treasury Bills In Nigeria by Nobody: 2:43pm On Sep 28, 2020
ultron12345:


My brother, you have spoken well.

Where some see problems, others see opportunity. To some, the infrastructure in Nigeria is a problem, to others, it's an opportunity.

Let me use the Nigerian banking sector as an example. Today, Nigeria's banking sector is well developed, but it was not always so. Back in the 70s and 80s, it was very poor and underdeveloped. At that time, there were two sets of people.

The first set of people are like dextrousone. They were wailing and frowning and insulting the industry, calling the country a shithole for not having a well developed banking industry comparable to other countries.

The second set of people, instead of seeing the underdeveloped banking industry as a problem, saw it as an opportunity to get a strong foothold in the industry. Back then, it was very easy to start a bank due to undevelopment of the sector. Very low regulatory and capital requirements. So they took advantage of this and started bank, some collapsed while some became the banks we see today. Among this second set of people, are the likes of Tony Elumelu and Jim Ovia.

Now that the banking industry is developed, the opportunity in the industry has reduced. Very very few can meet to high and tight capital and regulatory requirements to get into the banking industry today, compared to back in those days when the industry was underdeveloped and therefore with low requirements which provided the opportunity for people like Jim and Tony. If Jim and Tony were today in the same position where they were back in those days before starting their banks, graduates with few years of working experience, of course they wouldn't be able to start UBA and Zenith Bank today. It was the underdevelopment of the industry that gave them their opportunity. Today, all the wailers, including those who used the undeveloped industry as an excuse to move abroad, are nowhere near them.

I am not saying everyone must stay in Nigeria. If you think abroad will favour you better than Nigeria, then leave. Those that believe Nigeria favours them better than abroad, will stay back. The problem I have is that those that want to leave will not allow the rest to hear word, everytime disturbing and insulting those that want to stay. If you wan go, then go in peace and leave us alone. Indians go abroad too and achieve far far more than any Nigerian diaspora can ever achieve, yet you won't hear then making useless noise or insulting their country and those who decided to stay back. As you're leaving, many are coming in, especially the Lebanese and Indians, and I can bet these people that are coming in will be far more productive and beneficial to the nation than you if you stayed. Where I leave, there's a large number of Lebanese-Nigerians who've been here for generations. Others came quite recently. I see the huge celebrations they throw when they get their Nigerian passports. So as you're celebrating your Permanent Residency or passport abroad, there are also those who are celebrating getting our own down here. So as you're going, we are working towards building our own back here. Our own that we can call our own, not another person's own where I will have to be continuously chanting black lives matter, racism and I can't breathe.

So as Abroad is your paradise, Nigeria is also paradise for others. Go to your paradise and let others enjoy their paradise in peace.

Also, anti-immigrant sentiment is springing up across the developed world. Trump is only the first. Go and look at others like Matteo Salvini in Italy. That one is willing to sink any ship carrying african migrants across the Mediterranean. I hope if or when the real owners of those countries you're running to, decide to kick you out, you will not start shouting "Black Lives Matter"and racism and "I can't breathe", because they have a right chase away unwanted visitors. They also have a right to treat you as they wish, including gunning you down for no just reason. If you don't like it, they'll tell you, shut up or go back to your country.

Funny how they call and cheer and love it when Trump calls their country or continent a shithole but get angry and start calling him racist when he treats them and their kind as nothing more than "shit from a shithole"

Excellent thanks.

Self awareness is a big issue.

You want to conquer an already developed place but can't see any opportunities in a barren land.

The middle class Nigerians are supposed to be the light of Nigeria , but they can't see beyond their noses.

They chase westernisation instead of modernity.

Clean your environment, plant trees , fix a persistent issue , do the simple things first. Mba that's too much.

The world is telling us what we have to do, but them no dey hear word.

4 Likes

Re: Treasury Bills In Nigeria by NL1960: 2:46pm On Sep 28, 2020
ultron12345:


My brother, you have spoken well.

Where some see problems, others see opportunity. To some, the infrastructure in Nigeria is a problem, to others, it's an opportunity.

Let me use the Nigerian banking sector as an example. Today, Nigeria's banking sector is well developed, but it was not always so. Back in the 70s and 80s, it was very poor and underdeveloped. At that time, there were two sets of people.

The first set of people are like dextrousone. They were wailing and frowning and insulting the industry, calling the country a shithole for not having a well developed banking industry comparable to other countries.

The second set of people, instead of seeing the underdeveloped banking industry as a problem, saw it as an opportunity to get a strong foothold in the industry. Back then, it was very easy to start a bank due to undevelopment of the sector. Very low regulatory and capital requirements. So they took advantage of this and started bank, some collapsed while some became the banks we see today. Among this second set of people, are the likes of Tony Elumelu and Jim Ovia.

Now that the banking industry is developed, the opportunity in the industry has reduced. Very very few can meet to high and tight capital and regulatory requirements to get into the banking industry today, compared to back in those days when the industry was underdeveloped and therefore with low requirements which provided the opportunity for people like Jim and Tony. If Jim and Tony were today in the same position where they were back in those days before starting their banks, graduates with few years of working experience, of course they wouldn't be able to start UBA and Zenith Bank today. It was the underdevelopment of the industry that gave them their opportunity. Today, all the wailers, including those who used the undeveloped industry as an excuse to move abroad, are nowhere near them.

I am not saying everyone must stay in Nigeria. If you think abroad will favour you better than Nigeria, then leave. Those that believe Nigeria favours them better than abroad, will stay back. The problem I have is that those that want to leave will not allow the rest to hear word, everytime disturbing and insulting those that want to stay. If you wan go, then go in peace and leave us alone. Indians go abroad too and achieve far far more than any Nigerian diaspora can ever achieve, yet you won't hear then making useless noise or insulting their country and those who decided to stay back. As you're leaving, many are coming in, especially the Lebanese and Indians, and I can bet these people that are coming in will be far more productive and beneficial to the nation than you if you stayed. Where I leave, there's a large number of Lebanese-Nigerians who've been here for generations. Others came quite recently. I see the huge celebrations they throw when they get their Nigerian passports. So as you're celebrating your Permanent Residency or passport abroad, there are also those who are celebrating getting our own down here. So as you're going, we are working towards building our own back here. Our own that we can call our own, not another person's own where I will have to be continuously chanting black lives matter, racism and I can't breathe.

So as Abroad is your paradise, Nigeria is also paradise for others. Go to your paradise and let others enjoy their paradise in peace.

Also, anti-immigrant sentiment is springing up across the developed world. Trump is only the first. Go and look at others like Matteo Salvini in Italy. That one is willing to sink any ship carrying african migrants across the Mediterranean. I hope if or when the real owners of those countries you're running to, decide to kick you out, you will not start shouting "Black Lives Matter"and racism and "I can't breathe", because they have a right chase away unwanted visitors. They also have a right to treat you as they wish, including gunning you down for no just reason. If you don't like it, they'll tell you, shut up or go back to your country.

Funny how they call and cheer and love it when Trump calls their country or continent a shithole but get angry and start calling him racist when he treats them and their kind as nothing more than "shit from a shithole"

You have nailed it.

I was beginning to get headache over the constant insult of the country. US, Canada and UK cannot contain Nigeria's 200m people. So people will always be here. Who wan comot, should comot and allow those wen wan remain to remain. I wonder if that is too much to ask from those people. The most annoying part has been the person equating $1,000 to N1,000 as if everybody in US is on $1 to $1 level.
Re: Treasury Bills In Nigeria by NL1960: 2:50pm On Sep 28, 2020
Nigsrdumb:


Excellent thanks.

Self awareness is a big issue.

You want to conquer an already developed place but can't see any opportunities in a barren land.

The middle class Nigerians are supposed to be the light of Nigeria , but they can't see beyond their noses.

They chase westernisation instead of modernity.

Clean your environment, plant trees , fix a persistent issue , do the simple things first. Mba that's too much.

The world is telling us what we have to do, but them no dey hear word.


There is still an opportunity for him to conquer o. Imagine if he can make toilet tissue to be readily available during a pandemic so that there will not be any fight and queuing for it. Has he not conquered that aspect?. cheesy grin

4 Likes

Re: Treasury Bills In Nigeria by ultron12345: 3:09pm On Sep 28, 2020
Nigsrdumb:


Excellent thanks.

Self awareness is a big issue.

You want to conquer an already developed place but can't see any opportunities in a barren land.

The middle class Nigerians are supposed to be the light of Nigeria , but they can't see beyond their noses.

They chase westernisation instead of modernity.

Clean your environment, plant trees , fix a persistent issue , do the simple things first. Mba that's too much.

The world is telling us what we have to do, but them no dey hear word.



The thing tire me

Like I said earlier, I live with a lot of Lebanese Nigerians so I have a lot of them as close friends. I remember one came to visit me with his child who from his size was less than 9 years old. And as a normal discussion, I asked what do you want to be when he grows up. He said an electrical engineer. I asked why? He said he want to become rich by giving Nigeria constant electricity. I was amazed. At this young age, they are able to spot opportunity instead of wailing and complaining. No wonder they are dominating the business landscape in Nigeria while the rest wail and complain. When the Lebanese are successful tomorrow, you'll see Nigerians accusing them of using Indian juju and money laundering. Nigerians instead of taking it as a challenge to solve, will use it as a justification to "japa", and will still pretend to be surprised when they're ridiculed and disrespected abroad.

A green, well manicured grass always has an owner. Yes, the grass here might be brown and unkept, but why not own it, maintain it and grow it green. The green grass abroad was once brown, but it was turned green by people there. All the grass there is now green, the highest you'll do there is forever work under those who already own all the green grass there.

Once again, you spoke excellently. Nigeria needs a people that knows that there are problems to be solved and are willing to apply themselves to the solution. The condescending pessimist is of no use to our problems. He exists only to highlight and ridicule our resolve. We have work to do.

16 Likes

Re: Treasury Bills In Nigeria by DexterousOne(m): 3:12pm On Sep 28, 2020
ultron12345:


My brother, you have spoken well.

Where some see problems, others see opportunity. To some, the infrastructure in Nigeria is a problem, to others, it's an opportunity.

Let me use the Nigerian banking sector as an example. Today, Nigeria's banking sector is well developed, but it was not always so. Back in the 70s and 80s, it was very poor and underdeveloped. At that time, there were two sets of people.

The first set of people are like dextrousone. They were wailing and frowning and insulting the industry, calling the country a shithole for not having a well developed banking industry comparable to other countries.

The second set of people, instead of seeing the underdeveloped banking industry as a problem, saw it as an opportunity to get a strong foothold in the industry. Back then, it was very easy to start a bank due to undevelopment of the sector. Very low regulatory and capital requirements. So they took advantage of this and started bank, some collapsed while some became the banks we see today. Among this second set of people, are the likes of Tony Elumelu and Jim Ovia.

Now that the banking industry is developed, the opportunity in the industry has reduced. Very very few can meet to high and tight capital and regulatory requirements to get into the banking industry today, compared to back in those days when the industry was underdeveloped and therefore with low requirements which provided the opportunity for people like Jim and Tony. If Jim and Tony were today in the same position where they were back in those days before starting their banks, graduates with few years of working experience, of course they wouldn't be able to start UBA and Zenith Bank today. It was the underdevelopment of the industry that gave them their opportunity. Today, all the wailers, including those who used the undeveloped industry as an excuse to move abroad, are nowhere near them.

I am not saying everyone must stay in Nigeria. If you think abroad will favour you better than Nigeria, then leave. Those that believe Nigeria favours them better than abroad, will stay back. The problem I have is that those that want to leave will not allow the rest to hear word, everytime disturbing and insulting those that want to stay. If you wan go, then go in peace and leave us alone. Indians go abroad too and achieve far far more than any Nigerian diaspora can ever achieve, yet you won't hear then making useless noise or insulting their country and those who decided to stay back. As you're leaving, many are coming in, especially the Lebanese and Indians, and I can bet these people that are coming in will be far more productive and beneficial to the nation than you if you stayed. Where I leave, there's a large number of Lebanese-Nigerians who've been here for generations. Others came quite recently. I see the huge celebrations they throw when they get their Nigerian passports. So as you're celebrating your Permanent Residency or passport abroad, there are also those who are celebrating getting our own down here. So as you're going, we are working towards building our own back here. Our own that we can call our own, not another person's own where I will have to be continuously chanting black lives matter, racism and I can't breathe.

So as Abroad is your paradise, Nigeria is also paradise for others. Go to your paradise and let others enjoy their paradise in peace.

Also, anti-immigrant sentiment is springing up across the developed world. Trump is only the first. Go and look at others like Matteo Salvini in Italy. That one is willing to sink any ship carrying african migrants across the Mediterranean. I hope if or when the real owners of those countries you're running to, decide to kick you out, you will not start shouting "Black Lives Matter"and racism and "I can't breathe", because they have a right chase away unwanted visitors. They also have a right to treat you as they wish, including gunning you down for no just reason. If you don't like it, they'll tell you, shut up or go back to your country.

Funny how they call and cheer and love it when Trump calls their country or continent a shithole but get angry and start calling him racist when he treats them and their kind as nothing more than "shit from a shithole"


You have also written well....

But two things you have to accept

One, Nigeria Is a failed country

And two

Nigeria is very backwater and backward

Yes indeed there are opportunities in Nigeria
That's not in doubt
B


But two other thing you have to know

One
The vast majority of Nigerians are LOCKED OUT of the supposed opportunities

Someone coming from abroad like say those shithole countries like Lebanon and India with some capital and some experience here and there are better equipped to tap into the opportunities
Than most Nigerians in a typical Nigerian household

Two....
After "tapping into the opportunities"

What next?


You know
We all see things from different perspectives
And that is the beauty of life

But there are some things that are clear to see.

Under normal circumstances
I should not be considering relocation (that is if one is to judge by purely quantitative basis)

But the qualitative factors one have considered has prompted me and those like me to find my way out

Hope you understand

6 Likes

Re: Treasury Bills In Nigeria by DexterousOne(m): 3:13pm On Sep 28, 2020
ultron12345:


The thing tire me

Like I said earlier, I live with a lot of Lebanese Nigerians so I have a lot of them as close friends. I remember one came to visit me with his child who from his size was less than 9 years old. And as a normal discussion, I asked what do you want to be when he grows up. He said an electrical engineer. I asked why? He said he want to become rich by giving Nigeria constant electricity. I was amazed. At this young age, they are able to spot opportunity instead of wailing and complaining. No wonder they are dominating the business landscape in Nigeria while the rest wail and complain. Nigerians instead of taking it as a challenge to solve, will use it as a justification to "japa", and will still pretend to be surprised when they're ridiculed and disrespected abroad.

Yes, the grass here might be brown, but why not own it, maintain it and grow it green. The green grass abroad was once brown, but it was turned green by people there. All the grass there is now green, the highest you'll do there is forever work under those who already own all the green grass.

Once again, you spoke excellently. Nigeria needs a people that knows that there are problems to be solved and are willing to apply themselves to the solution. The condescending pessimist is of no use to our problems. He exists only to highlight and ridicule our resolve. We have work to do.


That's nice
I've met a few lebanese as well....

And even tho many of them are shady
But at least I admire their work ethic
They can work long hours eeh grin

2 Likes

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