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 spoken well....

You are very correct @the bolded

This thread derailment has gone on for too long. Please end it now, before moderators do the job for you. Thank you.

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.

When do you think you will return finally?

SamReinvented:
This thread derailment has gone on for too long. Please end it now, before moderators do the job for you. Thank you.

Oh please cut that crap

The T Bill's party is over
We enjoyed it while it lasted
But every good thing comes to an end

However
If you are still hung up on keeping your funds in an over subscibed debt instrument with a shameful rate of return

You can still look out for T Bills auction as they come

They believed him because most Nigerians are emotional, they will rather be emotional instead of facing the fact.

DexterousOne:


Hahahahaha

But to be truthful

The initial article that prompted that response from that person was poorly written, filled with ignorance and should not have circulated as much

Even PPP that economists try to use to even the purchasing differences of different countries show that Nigerias own is abysmal.

So its surprising to see someone type in that manner

And what's worse is that many believe him

THE FIVE LAWS OF GOLD
1. Gold cometh gladly and in increasing quantity to any man who will put by not less than onetenth of his earnings to create an estate for his future and that of his family.
2. Gold laboureth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.
3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.
4. Gold slip peth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
-richest man in babylon-

Dear Sir/Ma,

Investment-one Financial Services Limited ( Formerly Known as Gt Bank Asset Management) wish to introduce to you our bespoke investment products.

Please find below our product offerings that may suit your investment objectives, also attached are the account opening forms for your attention

STOCKBROKING SERVICES:

We provide securities brokerage services through our wholly owned subsidiary, Investment One Stockbrokers Int’l Ltd for the executions of trades on the Nigerian Stock Exchange (NSE).

TREASURY BILLS

ABACUS MONEY MARKET FUND

VANTAGE GUARANTEED INCOME FUND (VGIF)

VANTAGE BALANCED FUND (VBF)

This is a balanced mutual fund that was created to maximise long term capital growth and maintain regular income distribution. It has asset classes such as equities, fixed income, money market and real estate which are managed by professionals in order to provide the opportunity for good returns
· The minimum initial subscription of units into the fund is N10,000 and additional investment in multiples of N1000

· Dividend is paid at the end of the financial year

· It is an open ended fund with minimum duration of 90days

· Partial redemption of unit holding is permitted

VANTAGE EQUITY INCOME FUND (VEIF):

The Vantage Equity Income Fund has the objective of providing regular income and long term capital appreciation from investments in equities.

The Fund aims to achieve this objective by investing in dividend paying, high quality equity instruments quoted on The Nigerian Stock Exchange, where the issuers have an investment grade rating from a credit rating agency registered by Securities& Exchange Commission (SEC) and fixed income securities approved by SEC.

Key Features

· Initial minimum subscription of N50,000 in multiples of N10,000

· Minimum permissible holding after redemption is N10,000

· The minimum holding period in the Fund shall be 180 days

· Redemptions within 180 days from the date of subscription for Units will attract a fee in an amount equal to 15% of the net proceeds due on the day of redemption

· Dividend will be paid from the income earned to Unit holders annually

· Dividend shall be distributed within 7 Business Days after SEC’s approval of the Fund’s financial results for the financial year

· Redemption will be paid within 5 Business Days after the relevant documents have been submitted to the Fund Manager

VANTAGE DOLLAR FUND:

The fund is an Open-ended Fixed Income Dollar Fund and will invest in Nigerian Originated Dollar Denominated assets (Sovereign and Corporates). The fund seeks to provide investors with bias for dollar denominated securities access to such securities, which ordinarily would be inaccessible to them by virtue of the minimum amount typically required to make such investments.

Key Features

· Open-ended unit trust scheme which is duly authorised registered in Nigeria

· The minimum investment amount is US$1,000.00 with additional investments in multiples of US$1.00. The Fund Manager however reserves the right to review these amounts as the need arises.

· Redemption will be paid within 5 Business Days after the relevant documents have been submitted to the Fund Manager.

· Every unit holder shall be entitled to receive from the Fund Manager an Electronic Certificate for the number of units purchased by such unit holder. The Electronic Certificate shall be conclusive evidence of the number of units held.

· The minimum holding period in the fund shall be 180 days. However, the Fund Manager is aware that investors might have need for their monies within the minimum holding period and as such would allow redemption during the minimum holding period subject to a 15% charge on the positive total return on the units being redeemed on the day of redemption.

· Dividend will be paid from the income earned to unit holders annually.

· Dividend can either be reinvested into the fund or credited into the unit holders’ bank accounts via electronic means

· Interest earned is currently between 4% to 6% per annum

HIGH YIELD INVESTMENT NOTE

The High Yield Investment Note is aimed at investors looking to save funds for long periods with periodic interest payment and high returns. This product is similar to the MyPASS Gold Investment product but has a minimum entry sum of N10,000,000.00 (Ten Million Naira Only) and an effective interest rate of 9%. The product, which has a one year tenure, has taken into cognisance that you may require some income during the period, hence, we have provided for interest to be paid either monthly, quarterly or bi-annually depending on your requirements.

REAL ESTATE BACKED NOTE

This Note provides clients with an opportunity to benefit from the highly competitive returns associated with residential and commercial Real Estate Investments powered by Investment One, whilst retaining a minimal risk profile.

This product avails the opportunity for investors to have a diversified investment portfolio with risk-adjusted returns higher than what is obtainable in traditional money market investments. The minimum investment sum is also N10,000,000.00 (Ten Million Naira Only), with a tenor of 24 months. The product has an interest rate of 12.5% with coupon paid every 6months.

FUNDS PLACEMENT

We also avail short and medium term deposits ranging from 30days to 365days for various cadre of funds. These funds can be rolled over at the end of every tenor.

Kindly inform us of your prospective investible sum and tenor and we would avail you the applicable rate of return associated with the given sum. Our minimum subscription amount for Naira placements is N100,000.00 (One Hundred Thousand Naira Only).

ASSET-BACKED USD NOTES

The US dollar denominated investment note aims at enabling investors hedge against further Naira depreciation. It provides investors with a very competitive fixed return on their US Dollar holdings and is backed by our guarantee on principal and the fixed return. Minimum entry amount is $20,000.00.

CHILD TRUST

This product is designed for the benefit of minors. It distinct itself from other children’s products offered by banks and insurance companies as it was created as a Trust and incorporates an Insurance element with better investment returns, all for the benefit of the child. By Trust, we refer to a written arrangement whereby an appointed Trustee (Investment One Financial Services Limited) is given money or assets to hold and manage for the benefit of those stated in the Trust Deed.

The key benefits of the Child Trust are:

· Protects and preserves the Trust assets for the future of the beneficiaries

· Provides for the child in the event of the parent’s disability or death

· Protects the assets in the Trust from creditors

· Provides a tax-effective structure

· Reduces the risk of litigation on your estate upon the death of the parent

It is specifically designed to enable parents to take advantage of the benefits of a Trust for their children.

The features of the product include:

· A parent or other persons may make annual contributions to the Trust while the child is a minor, allowing funds or Assets to accumulate for the future benefit of the child

· The minimum subscription amount is N2,000,000.00, and subsequent minimum sums of N500,000.00 will be paid in annually into the Trust.

· The funds in the Trust will be used solely to cater for the maintenance, upkeep and educational requirements of the child or other specified purpose until the age of 21 years – or otherwise specified by you.

· The balance of the income and principal passes to the minor at the age of 21 years or otherwise specified by you.

· Reports on the Trust Fund will be rendered by Investment One at the end of every year

The Trust also has an added option of an Insurance Policy:

· This is a term life insurance cover that is specially designed to provide a lump sum payment to the Trust upon the demise of the settlor (the individuals who set up and contribute to the trust) based on the target contribution of the settlor and the outstanding amount to be contributed

· Benefit payouts are on the outstanding contribution based on regular minimum contribution until time of demise

· There are two payment options of a one-off or annual premium.

· There are two payment options of a one-off or annual premium

FGN and EuroBond Purchase: We also broker the purchase of FGN Bonds and Eurobonds on your behalf.


GIS (GUARANTEED INVESTMENT SCHEME)

This product is designed as a Savings Plan; it is an affordable investment for any level of income earner to invest:

· Minimum investment amount N10,000 which can be activated by a monthly direct debit.

· Dividend is paid monthly (interest rate 4% per annum)

MEDWEALTH

This product is designed as a Savings Plan; it is an affordable investment for any level of income earner to invest.

· Minimum investment amount N10,000 which can be activated by a monthly direct debit.

· Dividend is paid monthly (interest rate 5% per annum)

To subscribe to any of our products, please fill and submit the attached account opening form along with the required documents listed below: (you may scan the documents to us) for processing.

Passport photograph (1)
Valid means of identification e.g. international passport, national identification card or Driver’s licence
Utility bill not older than 3 months
Bank Verification Number (BVN)


Note that all documents are to be notarized by a certified notary public for non-Nigerian residents

Upon completion of the form, kindly submit (you may scan the documents to us and don’t forget to indicate my agent number on the form) for processing.

Alternatively, you may complete an online account opening form by following the link on my signature

Thank you once more and please do not hesitate to contact us if you have any further enquiries or clarifications.


Best Regards,
Goriola David

Direct Sales Agent

In another Development, there is a full plot of land for sale located @ Ahmadiya very close to Markaz salam.
Price (25m)

Another building is also up for sale.

Location: Shala bus stop Iju Ishaga No9 bajomo close

Building Features
2 bedroom flat up stairs and down stairs

A room and parlor self contain at the back.
Price (17m)

If only all these emotional and patriotic outbursts have been channelled the right way, maybe we will be doing better as a country.

The average Indian, Lebanese and other foreigners (even some black africans) will always do better here....no need to talk about the reasons why. We all know it.

Given our current economic situation, how many average Nigerians can do well

The person who wrote that article wrote it to spite people who have been speaking of Naija's forex challenges I guess...and failed badly at it.

Since most people on this thread want to continue living in fool's paradise. Enjoy.

I live here, I am not going anywhere, but I will not deceive myself by refusing to see our challenges (even though I see our opportunities too)

This is also why we have the kind of politicians we have. Most of us are delusional, with a grandiose sense of self even when our failings is right in front of us.

Happy independence, gaint of Africa!

You are very correct.

There is no CONSENSUS.

A tree cannot make a forest and a Messi cannot make a football team.

What can one person do? Especially if that person is not in a position of power?

Every election it is still the same APC/PDP. Same old story year in year out. They say cattle even vote in the north. I repeat what can one person do?

And some people are blaming Nigerians for leaving Nigeria.

Let my people go! Let the good seed fly to fertile ground. Let them spread over the whole earth and multiply.

It is true there are opportunities in Nigeria but i just advise any Nigerian who is not yet thinking of travelling out. Save and invest as much as you can so you can afford to leave when you want to.

It is better to be rich and say "money is not everything"

It is better to have a back up plan and not need it than to have none when you need it.

When you have the key to your prison, you are already free. Well, unless your jailer catches you.

DexterousOne:



No one is saying that it is not ideal to build Nigeria, or Africa in general

It's what we all wish would be the case

However
What you have refused to accept
Is that there has to be a CONSENSUS or will I say AGREEMENT amongst most of us to develop the country

But for most African countries
That is not the case
Especially in Nigeria

Jim Crow was defeated because there was a CONSENSUS that Jim crow must go

Apartheid died in south africa because there was a CONSENSUS that apartheid must go

Hitler was defeated because there was a CONSENSUS to defeat fascism

The Haitians became free and the first black country to liberate themselves through rebellion because there was a CONSENSUS that we are better than being in the plantation for sugarcane and being flogged koboko

Look at Nigeria
Even during our fight for independence
There was no consensus (because of the stance of the north)
And that stupid way has stuck with us till today

No matter what you Nigsrdumb think you can do to save or develop Nigeria
The very fact that there is no consensus in Nigeria that we should get a developed society
It WILL fail

That's what you have to accept
So you dont get disappointed when you get back
Many Nigerians have come back with lofty dreams

And ran away when they saw the reality

I personally would like to have a developed country here
And do what I can
But unlike you
I'm well aware that the absence of a consensus renders all individual effort futile

So what is the next option after being faced with the reality
It's to find your way out if you can and want to


That is self awareness
Understanding your situation for what it is, not what you think it is

Malcolm's X and MLK would have had a herculean task in the achievement of civil rights, if it's the typical Nigerians they had to lead out of Jim crow

Tabuse2024:
If only all these emotional and patriotic outbursts have been channelled the right way, maybe we will be doing better as a country.

The average Indian, Lebanese and other foreigners (even some black africans) will always do better here....no need to talk about the reasons why. We all know it.

Given our current economic situation, how many average Nigerians can do well

The person who wrote that article wrote it to spite people who have been speaking of Naija's forex challenges I guess...and failed badly at it.

Since most people on this thread want to continue living in fool's paradise. Enjoy.

I live here, I am not going anywhere, but I will not deceive myself by refusing to see our challenges (even though I see our opportunities too)

This is also why we have the kind of politicians we have. Most of us are delusional, with a grandiose sense of self even when our failings is right in front of us.

Happy independence, gaint of Africa!

I don't think any reasonable person would say Nigeria doesn't have challenges.

Since Nigeria is a fool's paradise the only solution i see is Noah's ark for all the japa nese.

The alternative is to keep moaning all day and do nothing and constantly remind everyone of how bad Nigeria is since we can't see for ourselves, or better yet continue to drop western statistics in relation to development constantly until we get sense.

Nigsrdumb:


I don't think any reasonable person would say Nigeria doesn't have challenges.

Since Nigeria is a fool's paradise the only solution i see is Noah's ark for all the japa nese.

The alternative is to keep moaning all day and do nothing and constantly remind everyone of how bad Nigeria is since we can't see for ourselves, or better yet continue to drop western statistics in relation to development constantly until we get sense.

My brother, some of us still dey here o. where 200 million people go Japa go?

Okay, seriously, I see what you mean. I speak for myself when i say i derive no joy in running my country down....but talking about how things are wrong can help us see clearly how things can be right. If this country goes to dust, some of us that think we are doing well here may loose all we have worked for....the more reason why Nigeria cannot afford to fail.

The value orientation can come from people seeing how other countries work, not necessarily comparing, so the so called western stats also helps...especially if we truly want to see ourselves as Africa's giant without being pretentious about it.

We are a large nation so solving our problem might be difficult, however if some people want to leave because they see no future here, please let people stop mocking them. Lebanon, India, Pakistan etc. - The number of their people and generations of descendants scattered all over the world can create another country. Some would never have reached their potentials if their grand father, great grand father did not emigrate.

One way or the other, they contribute to their nation's development via remittances and other ways.

Many young people are frustrated hence increase in vices, if the good ones who have no chance for gainful employment can plan properly and leave the country, as a few people have pointed out, don't mock them, let them go.

Our opportunities as a nation remain. We will be better one day I hope.

ositadima1:


My brother if u keep soup or stew for more than one week d taste go change. When I was with my aunty she would keep soup ration in several plastic containers and freeze. By weekend d taste don change o despite say d food was frozen.

Can food is preserved with additives.

Not true

Tabuse2024:


My brother, some of us still dey here o. where 200 million people go Japa go?

Okay, seriously, I see what you mean. I speak for myself when i say i derive no joy in running my country down....but talking about how things are wrong can help us see clearly how things can be right. If this country goes to dust, some of us that think we are doing well here may loose all we have worked for....the more reason why Nigeria cannot afford to fail.

The value orientation can come from people seeing how other countries work, not necessarily comparing, so the so called western stats also helps...especially if we truly want to see ourselves as Africa's giant without being pretentious about it.

We are a large nation so solving our problem might be difficult, however if some people want to leave because they see no future here, please let people stop mocking them. Lebanon, India, Pakistan etc. - The number of their people and generations of descendants scattered all over the world can create another country. Some would never have reached their potentials if their grand father, great grand father did not emigrate.

One way or the other, they contribute to their nation's development via remittances and other ways.

Many young people are frustrated hence increase in vices, if the good ones who have no chance for gainful employment can plan properly and leave the country, as a few people have pointed out, don't mock them, let them go.

Our opportunities as a nation remain. We will be better one day I hope.

Thank you very much

You have spoken very well

Tabuse2024:


My brother, some of us still dey here o. where 200 million people go Japa go?

Okay, seriously, I see what you mean. I speak for myself when i say i derive no joy in running my country down....but talking about how things are wrong can help us see clearly how things can be right. If this country goes to dust, some of us that think we are doing well here may loose all we have worked for....the more reason why Nigeria cannot afford to fail.

The value orientation can come from people seeing how other countries work, not necessarily comparing, so the so called western stats also helps...especially if we truly want to see ourselves as Africa's giant without being pretentious about it.

We are a large nation so solving our problem might be difficult, however if some people want to leave because they see no future here, please let people stop mocking them. Lebanon, India, Pakistan etc. - The number of their people and generations of descendants scattered all over the world can create another country. Some would never have reached their potentials if their grand father, great grand father did not emigrate.

One way or the other, they contribute to their nation's development via remittances and other ways.

Many young people are frustrated hence increase in vices, if the good ones who have no chance for gainful employment can plan properly and leave the country, as a few people have pointed out, don't mock them, let them go.

Our opportunities as a nation remain. We will be better one day I hope.

Looks like we all want similar things for Nigeria, so let's call a truce.


There's something I'll say though looking at Nigeria from a distance , it already has everything it needs to develop even at a faster rate.

Instead of talking about how great the west is, will it not be better to talk about things like how to boost productivity using copied models from the west or say Asia.

We have agriculture , how to we add value

Tech, how do we train more people

Housing, how do we lower the cost

Earnings, how do we extend credit to the middle class so that they can start businesses, buy homes

Infrastructure, can this be passed on to the private sector.


It's all there, the dot's just needs to be connected.

Nigeria needs to focus first on the basics.

Nigsrdumb:


Looks like we all want similar things for Nigeria, so let's call a truce.


There's something I'll say though looking at Nigeria from a distance , it already has everything it needs to develop even at a faster rate.

Instead of talking about how great the west is, will it not be better to talk about things like how to boost productivity using copied models from the west or say Asia.

We have agriculture , how to we add value

Tech, how do we train more people

Housing, how do we lower the cost

Earnings, how do we extend credit to the middle class so that they can start businesses, buy homes

Infrastructure, can this be passed on to the private sector.


It's all there, the dot's just needs to be connected.

Nigeria needs to focus first on the basics.

Very good
Very very very good

Permit me to proffer what we can do to at least make things better


First of all
A MASSIVE REORIENTATION
We cannot have a populace who believe in "Destiny Helpers" and enjoyment without putting work in and have a developed country

We need to think of productivity as the way to building wealth, not destiny helpers or "rituals".

The right value system is the first thing we need to have to have a better country.
If we do not do that
We are not going anywhere

Secondly, a focus on mass education in a multidimensional way is what we need

Across the spectrum
Vocational, Tertiary, even technical education

An educated and enlightened populace is better positioned to build and maintain a civil country

There is a lot to say
But a focus on the value system.and Mass education is the key


Before you even start to talk of Agro and Power and the others
Because if you have constant power
And the populace are not educated and equipped with the skills needed to drive a developed country
They will use the constant light to watch big brother


Value system
Education and Skills
Then
Agro
Power
Infrastructure


Then the rest

Nigsrdumb:


Looks like we all want similar things for Nigeria, so let's call a truce.


There's something I'll say though looking at Nigeria from a distance , it already has everything it needs to develop even at a faster rate.

Instead of talking about how great the west is, will it not be better to talk about things like how to boost productivity using copied models from the west or say Asia.

We have agriculture , how to we add value

Tech, how do we train more people

Housing, how do we lower the cost

Earnings, how do we extend credit to the middle class so that they can start businesses, buy homes

Infrastructure, can this be passed on to the private sector.


It's all there, the dot's just needs to be connected.

Nigeria needs to focus first on the basics.

Agreed. We actually want the same thing.

We have Nigerians who are capable of developing policies that can drive these developments especially regarding provision of basic infrastructure. This gives me hope that one day, they will find their way into governance to be able to do so.

We don't necessarily need to copy other country's models, we can develop ours by learning from them and tapping into and scaling our own proven local solutions. Some part of Asia is thriving that way, they learn from others, innovate and then scale.

DexterousOne:
Secondly, a focus on mass education in a multidimensional way is what we need

Across the spectrum
Vocational, Tertiary, even technical education

An educated and enlightened populace is better positioned to build and maintain a civil country

There is a lot to say
But a focus on the value system.and Mass education is the key


Before you even start to talk of Agro and Power and the others
Because if you have constant power
And the populace are not educated and equipped with the skills needed to drive a developed country
They will use the constant light to watch big brother


Value system
Education and Skills
Then
Agro
Power
Infrastructure


Then the rest

Nice one.

DexterousOne:


Oh please cut that crap

The T Bill's party is over
We enjoyed it while it lasted
But every good thing comes to an end

However
If you are still hung up on keeping your funds in an over subscibed debt instrument with a shameful rate of return

You can still look out for T Billd auction as they come

Okay. But this is still a treasury bills thread. Some of us come here just for that and other relevant investment topics. You can always create a separate thread to discuss your drivel about migrating out of Nigeria or staying (there's in fact a tone of such threads already that you can join). Stop making the thread pages jump based on your derailing arguments.

Nigsrdumb:


Looks like we all want similar things for Nigeria, so let's call a truce.


There's something I'll say though looking at Nigeria from a distance , it already has everything it needs to develop even at a faster rate.

Instead of talking about how great the west is, will it not be better to talk about things like how to boost productivity using copied models from the west or say Asia.

We have agriculture , how to we add value

Tech, how do we train more people

Housing, how do we lower the cost

Earnings, how do we extend credit to the middle class so that they can start businesses, buy homes

Infrastructure, can this be passed on to the private sector.


It's all there, the dot's just needs to be connected.

Nigeria needs to focus first on the basics.

Now, these are the kind of questions we need to ask and find answers to them.




Blind patriotism and loyalty to incompetence will only lead us more into the abyss.

SamReinvented:


Okay. But this is still a treasury bills thread. Some of us come here just for that and other relevant investment topics. You can always create a separate thread to discuss your drivel about migrating out of Nigeria or staying (there's in fact a tone of such threads already that you can join). Stop making the thread pages jump based on your derailing arguments.

If you have followed this thread for the last few months
You will know that the discussions here by most of the participants here swing across the spectrum

It was our thread
And we determine how we want it to swing
Maybe you are a newcomer here
That's why you are talking the way you do

T Bill's is dead and buried
If you had questions
You ask

If not
You keep quiet and ignore the thread

Not talking about mods coming to close the thread
Or whatever drivel (let me borrow your word) you came here to say.
If you dont like how different topics are discussed here with dissenting opinions

You can take a hike

As Buhari and his cabal gets ready to pass the 2021 budget, there is surely great possibilities they will doll out huge debt instruments that requires financing.



What are you predictions;
1. Bonds
2. Treasury bills
3. Development funds
4. Palliative funds

Looks like the attractive debt instruments of 10 percent and above is likely to emerge in the next few months.

DexterousOne:


If you have followed this thread for the last few months
You will know that the discussions here by most of the participants here swing across the spectrum

It was our thread
And we determine how we want it to swing
Maybe you are a newcomer here
That's why you are talking the way you do

T Bill's is dead and buried
If you had questions
You ask

If not
You keep quiet and ignore the thread

Not talking about mods coming to close the thread
Or whatever drivel (let me borrow your word) you came here to say.
If you dont like how different topics are discussed here with dissenting opinions

You can take a hike

For someone who is on this thread going on and on and telling us about how undisciplined and uncultured Nigerians are. Here you are, right here on the same thread; DELIBERATELY derailing the purpose of the thread. And when it is pointed out to you, instead of consciously trying to get back to course, like any rational human in other parts of the world would do, you prefer to get defensive and rudely try to justify what you are doing instead.

Friendly advice... maybe you need to look in the mirror more frequently, while channeling all these your outrage at Nigeria. You just might be part of the problems you are running away from. Just saying. Take care of yourself sir.

SamReinvented:


For someone who is on this thread going on and on and telling us about how undisciplined and uncultured Nigerians are. Here you are, right here on the same thread; DELIBERATELY derailing the purpose of the thread. And when it is pointed out to you, instead of consciously trying to get back to course, like any rational human in other parts of the world would do, you prefer to get defensive and rudely try to justify what you are doing instead.

Friendly advice... maybe you need to look at the mirror more frequently, while channeling all these your outrage at Nigeria. You just might be part of the problems you are running away from. Take care of yourself sir.

If you followed the thread from the beginning you will know that I JOINED the conversation instead of initiate it.

The post that started the tangent of the conversation was someone else
Those who responded was also someone else
And I joined to air my own views too.

Probably my own posts and the position I take hit you a lot
As probably a "Stay at Home " Nigerian
That's why you are making it about me

The conversation started with the wrong article that was posted by someone else that went viral
And the topic took bends, twists until we got to this juncture

That's how this thread has been going on for months
Its not about me.
Maybe you should look yourself in the mirror instead
And learn to understand situations before commenting

Have a pleasant day

The era of T Bill's is DEAD

Philantropists:
As Buhari and his cabal gets ready to pass the 2021 budget, there is surely great possibilities they will doll out huge debt instruments that requires financing.



What are you predictions;
1. Bonds
2. Treasury bills
3. Development funds
4. Palliative funds

Looks like the attractive debt instruments of 10 percent and above is likely to emerge in the next few months.

Well
Given Buhari love for foreign loans
They might further pay less attention to the domestic debt market

As much as I would love to go back to the days of the higher T Bill's rate

I'm my opinion
I think those days are over

With the CBN pegging savings rate that commercial banks can give depositors
That drives the rates further south

I think a calculated dive into the equities market would be the best play for us seeking better returns on our idle money

DexterousOne:
If you followed the thread from the beginning you will know that I JOINED the conversation instead of initiate it.

The post that started the tangent of the conversation was someone else
Those who responded was also someone else
And I joined to air my own views too.

Probably my own posts and the position I take hit you a lot
As probably a "Stay at Home " Nigerian
That's why you are making it about me

I made a general comment for people to end the thread derailment. I didn't quote you, I didn't comment after you have commented (not like that would even mean I'm talking to you). But ONLY YOU felt the need to justify why it was okay for the thread to be derailed.

Now that you probably realize how unreasonable that is... instead of just admitting your wrong and moving on or at least just keep quiet... you are now trying to exempt yourself from the situation/responsibility and claim that you are being targeted. How very Nigerian!

Let's see how Q1 and Q2 of next year will be next year
Let's just see....

Hopefully FPIs would be able to trickle back

So that our equities space can rebound.
That's one

Two

Let's also hope that the NGN does not slip beyond the N500 mark
I'm hoping a below 450 benchmark

Third
I hope that at least interest rates can come back up a little bit, putting the inflation rate into consideration

And Four
Our credit rating does not deteriorate out there...

We have these four
2021 wont be a rugged year as we had this year.
Let's just hope for the best

Alexgeneration:
Now, these are the kind of questions we need to ask and find answers to them.




Blind patriotism and loyalty to incompetence will only lead us more into the abyss.

Thank you very much
You have made your point
Especially the second paragraph

You are right bro. Calculated, careful investments in equities seems to be a good way to go - However, By no means should you invest your entire funds in the stock market.

For Emphasis: Please read the above again.


However, one good thing about this downward trend of TBills for me is that it has forced me to start expanding my search in how best to beat this inflation which my "chicken" change is being subjected to.

I came in touch with Bamboo and Trove App(Allows people in Nigeria to purchase stocks in Foreign markets) just recently and I have found myself doing additional readings on ETFs, Index funds, S&P 500, NASDAQ 100, foreigb coys- Amazon, Google etc- its been a stimulating research as it also made me realize a lot of things about the Foreign stock market which i havent really paid more attention to until now cause I have always been a Zenith, MTN and GTB person but now the options seems to be limitless.

I am still doing my research but jst thot to share.(Please do your due dilligence also)

It is looking like my days of solely "indigenous" stocks are getting to an end.

DexterousOne:



Well
Given Buhari love for foreign loans
They might further pay less attention to the domestic debt market

As much as I would love to go back to the days of the higher T Bill's rate

I'm my opinion
I think those days are over

With the CBN pegging savings rate that commercial banks can give depositors
That drives the rates further south

I think a calculated dive into the equities market would be the best play for us seeking better returns on our idle money

speak2lift:
You are right bro. Calculated, careful investments in equities seems to be a good way to go - However, By no means should you invest your entire funds in the stock market.

For Emphasis: Please read the above again.


However, one good thing about this downward trend of TBills for me is that it has forced me to start expanding my search in how best to beat this inflation which my "chicken" change is being subjected to.

I came in touch with Bamboo and Trove App(Allows people in Nigeria to purchase stocks in Foreign markets) just recently and I have found myself doing additional readings on ETFs, Index funds, S&P 500, NASDAQ 100, foreigb coys- Amazon, Google etc- its been a stimulating research as it also made me realize a lot of things about the Foreign stock market which i havent really paid more attention to until now cause I have always been a Zenith, MTN and GTB person but now the options seems to be limitless.

I am still doing my research but jst thot to share.(Please do your due dilligence also)

It is looking like my days of solely "indigenous" stocks are getting to an end.

That's a good move

However I must warn you
The US markets is like the wild west
I have been cautious about jumping in with both feet

Because I know what can happen when it happens
Many Nigerians are still basking in the euphoria of having access to owning US stocks from.here

But when what comes with it comes with it
Knowing Nigerians for who they are
They will begin to wail lmao


Its better t0 have a buy and hold strategy
With a mix of regular index funds and REITs
Maybe say 20% of the foreign portfolio lot for speculation

That's a safe play for slow and steady growth
But I have seen it again and again
Young Nigerians In the quest for quick riches
Bungle this thing up

I always recommend a defensive strategy if you have a job or a business with some cashflow

People think I'm too old school
But we all here are old enough to have felt the sharp pain of losing our hard earned money at one point or the other


A defensive strategy ensures that in a downturn
You do not have a sharp dive south
And you can weather the storm


But the regular cowboy method I see many both here in nairaland and out here in real life seems to be the dominant play for Nigerian investors

It has the upside of quick growth (if you time the market correctly on both counts )

But the downside is capital destruction