emmanuelewumi:



UAC Property Development Company does that, they build apartments. The studio flat (a room apartment) at the "Residence" is going for about N30 million

That's still way above what about 85% of the population can afford to pay.

Cyberknight:


That's still way above what about 85% of the population can afford to pay.

I hope a Chinese company will come into the business that can build up to 100,000 housing units at an average cost of N5 million if they won't if they won't make a revenue of N500 billion.

Workers can borrow against their pension fund contributions to buy such housing units

jajeri3216:


If Nigeria has a social protection system I'd agree that the population is a problem, but it doesn't.

Once again population is not the issue.

We agree population is not the issue

The GROWTH RATE is what the issue is
A country of 45 million with a 4.5% annual population growth rate is in bigger trouble
Than a country with 250m people and a 1.7% annual population growth rate

DexterousOne:

We agree population is not the issue

The GROWTH RATE is what the issue is
A country of 45 million with a 4.5% annual population growth rate is in bigger trouble
Than a country with 250m people and a 1.7% annual population growth rate

Bigger trouble from what? They're already in trouble.

Whether the population is 100 million or 200 , it doesn't matter at this point.

The government never had any social contract with citizens in the first place.

I'd like to point out that the people blowing away Nigeria's little earned Income are the few upper, middle class.(can't explain)

The same group who are meant to be the champions of innovation and entrepreneurship.

Yea i know refined petroleum accounts for 29 percent of import spending.

jajeri3216:


Bigger trouble from what? They're already in trouble.

Whether the population is 100 million or 200 , it doesn't matter at this point.

The government never had any social contract with citizens in the first place.

I'd like to point out that the people blowing away Nigeria's little earned Income are the few upper, middle class.(can't explain)

The same group who are meant to be the champions of innovation and entrepreneurship.

Yea i know refined petroleum accounts for 29 percent of import spending.

Okay....
I see your angle
You looking at it different

Lazyyouth4u:

What excuses? Are you actually reading my comments well? Let me try to simplify for you.

Your father is wealthy and has 60 wives and 600 children. Does it mean you Osita are wealthy? Does it mean that you and all your 599 siblings will be living a good life? Go and ask children of rich polygamous men if you don’t know how it works.

Also, If you and some of your brothers leave your papa house to search for greener pastures on your own by picking menial jobs in another man company where the pay is decent and you can live a better life than you were living in your papa polygamous home, does it mean your father is poor?

Anyhow, this is my opinion. I understand you don’t agree with it. So please let’s move on.

If after sharing our father's wealth equally to all 600 of us and yet it is not enough to buy one car. Would you still think our family as wealthy?

On the other hand, if my ten elder brothers use mago mago divert the properties, they can be very wealthy.

Also, my father as a single individual can't be equated to Nigeria rather our family as whole is a better analogy.

If it was only 11 of us, we would surely be wealthy, but 600 of us ? No chance.

We can now move on.

ositadiima1:


If after sharing our father's wealth equally to all 600 of us and yet it is not enough to buy one car. Would you still think our family as wealthy?

On the other hand, if my ten elder brothers use mago mago divert the properties, they can be very wealthy.

Also, my father as a single individual can't be equated to Nigeria rather our family as whole is a better analogy.

If it was only 11 of us, we would surely be wealthy, but 600 of us ? No chance.

We can now move on.

The father is wealthy but the family is poor, it will be difficult for the family to grow the wealth and sustain a generational wealth

About the population growth rate many are taking about, I don't really see that as the problem. The problem is the economic growth rate. If population is growing at 2.4%, and the economy is doing 10% growth per annum, I don't see a problem there.

The only problem I see about Nigeria's population growth rate is the type of population that is growing. The knowledgeable, educated and relatively well-to-do people down in Southern Nigeria who have the resources to raise future productive citizens are not the ones driving the population growth, rather, the population growth is been driven by the largely illiterate and poverty stricken Northern Nigeria (that is responsible for almost all our negative indices) which doesnt have the needed resources to raise future productive citizens. Instead of becoming future assets through increased productivity in the future, they might become future liabilities by becoming criminals, terrorists, religious extremists etc

When well educated and rich Lagos has a birth rate of 3.4 while illiterate and poverty stricken Katsina has 7.3, now that is the problem. If the figures were vice versa, then that wouldn't be a problem, it'll be good news actually.

https://www.nairaland.com/5514567/lagos-records-lowest-birth-rate

Just imagine the NBS figures in the link below. Lagos has literacy rate of 96%, while Katsina is at 10%.

www.databod.com/nigerian-states-ranked-literacy-level/

Instead of getting more literate future citizens from Lagos and the South, we are getting more illiterates from Katsina and the North.

ositadiima1:


If after sharing our father's wealth equally to all 600 of us and yet it is not enough to buy one car. Would you still think our family as wealthy?

On the other hand, if my ten elder brothers use mago mago divert the properties, they can be very wealthy.

Also, my father as a single individual can't be equated to Nigeria rather our family as whole is a better analogy.

If it was only 11 of us, we would surely be wealthy, but 600 of us ? No chance.

We can now move on.

One can argue that even though the majority of those in the North are mostly uneducated with our formal form of education taken for granted in the south, majority of the Northerners are into farming, at least before the destruction by Boko Haram.
It is actually the southerners who when they finish their university education feel entitled and whine about not getting white collar jobs.

ultron12345:
About the population growth rate many are taking about, I don't really see that as the problem. The problem is the economic growth rate. If population is growing at 2.4%, and the economy is doing 10% growth per annum, I don't see a problem there.

The only problem I see about Nigeria's population growth rate is the type of population that is growing. The knowledgeable, educated and relatively well-to-do people down in Southern Nigeria who have the resources to raise future productive citizens are not the ones driving the population growth, rather, the population growth is been driven by the largely illiterate and poverty stricken Northern Nigeria (that is responsible for almost all our negative indices) which doesnt have the needed resources to raise future productive citizens. Instead of becoming future assets through increased productivity in the future, they might become future liabilities by becoming criminals, terrorists, religious extremists etc

When well educated and rich Lagos has a birth rate of 3.4 while illiterate and poverty stricken Katsina has 7.3, now that is the problem.

https://www.nairaland.com/5514567/lagos-records-lowest-birth-rate

ultron12345:
About the population growth rate many are taking about, I don't really see that as the problem. The problem is the economic growth rate. If population is growing at 2.4%, and the economy is doing 10% growth per annum, I don't see a problem there.

The only problem I see about Nigeria's population growth rate is the type of population that is growing. The knowledgeable, educated and relatively well-to-do people down in Southern Nigeria who have the resources to raise future productive citizens are not the ones driving the population growth, rather, the population growth is been driven by the largely illiterate and poverty stricken Northern Nigeria (that is responsible for almost all our negative indices) which doesnt have the needed resources to raise future productive citizens. Instead of becoming future assets through increased productivity in the future, they might become future liabilities by becoming criminals, terrorists, religious extremists etc

When well educated and rich Lagos has a birth rate of 3.4 while illiterate and poverty stricken Katsina has 7.3, now that is the problem. If the figures were vice versa, then that wouldn't be a problem, it'll be good news actually.

https://www.nairaland.com/5514567/lagos-records-lowest-birth-rate

Just imagine the NBS figures in the link below. Lagos has literacy rate of 96%, while Katsina is at 10%.

www.databod.com/nigerian-states-ranked-literacy-level/

True, but i struggle with seeing the south as productive.


The south doesn't have a single engineering company that can compete with Julius Berger.

jajeri3216:


True, but i struggle with seeing the south as productive.


The south doesn't have a single engineering company that can compete with Julius Berger.

I only said the south is more productive then the north. At least, that's what the GDP per capita figures for the states show.

9jatriot:
One can argue that even though the majority of those in the North are mostly uneducated with our formal form of education taken for granted in the south, majority of the Northerners are into farming, at least before the destruction by Boko Haram.
It is actually the southerners who when they finish their university education feel entitled and whine about not getting white collar jobs.

Whether they're farming or not, their indices are the worst in Nigeria. Upon their farming, the region still has some of the lowest GDP per capita figures in the country, and even in the West African region. Take Southern Nigeria's indices alone and you'll see that it'll be among the top in Africa, but when you add the North's negative indices, it drags everything down.

Imagine, in a country with 36 states, 9 states have literacy rates above 90%. They are all southern states. 17 states have literacy rates above 80%. They are all southern states. 5 states have less than 20%. They are all northern states. In fact, all the states with less then 50% are all northern states.

And the education I'm talking about isn't university education. It is basic education up to secondary school level that's needed for them.

My limited crude knowledge of GDP is that it is sort of related to goods or items you produce locally? If Crude oil is exempted from the GDP calculation in the south, will the disparity still be that large?

ultron12345:


Whether they're farming or not, their indices are the worst in Nigeria. Upon their farming, the region still has some of the lowest GDP per capita figures in the country, and even in the West African region. Take Southern Nigeria's indices alone and you'll see that it'll be among the top in Africa, but when you add the North's negative indices, it drags everything down.

And the education I'm talking about isn't university education. It is basic education up to secondary school level that's needed for them.

9jatriot:
My limited crude knowledge of GDP is that it is sort of related to goods or items you produce locally? If Crude oil is exempted from the GDP calculation in the south, will the disparity still be that large?

Why will crude oil be exempted? Is it not an economic activity? Why not also exempt Lagos' financial and transport industries? Why not exempt China's manufacturing sector too. When Dangote's refinery starts, shey you'll exempt that too. Are there not natural resources and minerals in the north? Why are they not mining them if it's natural resources you want to use to argue.

The role of crude oil sef is only significant in Rivers, Delta, Bayelsa and Akwa Ibom. Maybe Cross River. But upon that, other southern states are still doing relatively well compared to their northern counterparts.

Easy bros, I only asked just to know if it was a major factor in contributing to the disparity. Non be quarrel na.

When analyzing data, it is never out of place to check what is causing the major deviation. If we suspect that education is the major culprit for the difference in indices, we can play with data to confirm if it is really just education or there is more to it, that was the angle sir not to make excuses for our Norther brothers

ultron12345:


Why will crude oil be exempted? Is it not an economic activity? Why not also exempt Lagos' financial and transport industries? Why not exempt China's manufacturing sector too. When Dangote's refinery starts, shey you'll exempt that too. Are there not natural resources and minerals in the north? Why are they not mining them if it's natural resources you want to use to argue.

The tole of crude oil sef is only significant in Rivers, Delta, Bayelsa and Akwa Ibom. Maybe Cross River. But upon that, other southern states are still doing relatively well compared to their northern counterparts.

This is an assured guaranty that your funds grow and are always safe with Ziing.
Invest and trade on the Go with Ziing Mobile App.

Dsticks47:
This is an assured guaranty that your funds grow and are always safe with Ziing.
Invest and trade on the Go with Ziing Mobile App.

I have downloaded ziing but too many questions, is vgf there too, it's like it's limited

baroun04:


I have downloaded ziing but too many questions, is vgf there too, it's like it's limited

Good afternoon Baroun04
YES you can access your VGIF using the ziing mobile app.
After downloading the app (did you register as an existing client or new user)
And if I may ask what are the questions popping up. (those questions are there to secure your account e.g transaction pin amongst others)

Is the ziing app Limited?

As at now the only thing you can’t access on the ziing app is your RSA and the investment portfolio under our private banking.

You can reach me on WhatsApp to assist you further.

Thank you for choosing IOFS.

Questions like Employer information, which is not necessary as a self employed, the investment is not on, except for stockbroking, how do I watsapp without a phone number or link
quote author=Dsticks47 post=96930799]
Good afternoon Baroun04
YES you can access your VGIF using the ziing mobile app.
After downloading the app (did you register as an existing client or new user)
And if I may ask what are the questions popping up. (those questions are there to secure your account e.g transaction pin amongst others)

Is the ziing app Limited?

As at now the only thing you can’t access on the ziing app is your RSA and the investment portfolio under our private banking.

You can reach me on WhatsApp to assist you further.

Thank you for choosing IOFS.[/quote]

baroun04:
Questions like Employer information, which is not necessary as a self employed, the investment is not on, except for stockbroking, how do I watsapp without a phone number or link
quote author=Dsticks47 post=96930799]
Good afternoon Baroun04
YES you can access your VGIF using the ziing mobile app.
After downloading the app (did you register as an existing client or new user)
And if I may ask what are the questions popping up. (those questions are there to secure your account e.g transaction pin amongst others)

Is the ziing app Limited?

As at now the only thing you can’t access on the ziing app is your RSA and the investment portfolio under our private banking.

You can reach me on WhatsApp to assist you further.

Thank you for choosing IOFS.

Kindly reach me on WhatsApp using the contact below.

[url]08115987221[/url]

.

ahiboilandgas:
In flour milling companies in Nigeria there are failed production called damage this normally gather and evacuated as waste .. (but can be sold ) at around 800k per truck ....Managers found out in connivance with production manager trigger production line issue baam we have tonnes of damages ( na senior management weekend money )...failed production keep increasing untill Turkish engineer where brought in and only the Turkish m.d can approve allocation of damage spaghetti.....damage production done dissapper.....

My brother, Nigerians are the most fraudulent and wicked set of people. It's puzzles me how a people can be so religious yet so wicked.

I remember when a friend started poultry business. He was a busy person with a job so he hired a manager to run the farm. The egg production was always so low, which led to low revenue and he was unable to recover costs. He was busy complaining about how the economy is bad and how it's government fault that he's not making profits, not knowing his staff were the ones behind it.

He however noticed that on the few days he's around at the farm, the egg production will be x3 of the production when he's not around. After investigations we're carried out, it was found out that the staff were stealing the eggs and smuggling them out to go and sell for themselves. They'll come with cooler of their lunch in the morning, as their leaving in the evening, the cooler will be filled with eggs.

After finding this out, sacked some people and made new policies, all containers and items brought by staff should be kept at the entrance and not allowed into the farm area. The staff then started a new strategy. They would break the eggs and pour them into plastic bottles, throw those bottles over the fence, gather the bottles when they leave that evening and sell to bakers. The security men were even still allowing then to take in their coolers and other containers as long as they get their share of the looted.

He also had a policy that when any chicken dies, he will give it away to the staff. Before he knew it, mortality rates started increasing. On investigation, it was revealed that the staff were intentionally killing the birds so they can be allowed to take them home.

Nigerians are the problem of Nigeria.
The only reason many Nigerians haven't stolen government money is lack of opportunity. The thief who hasn't gotten an opportunity to steal thinks he is an honest man. These thieving staff will still be among those shouting government is corrupt when they're not any different. Every people deserve their leaders. Nigerians have bad leaders because Nigerians are bad people. A bad people cannot give rise to good leaders.

He eventually shut down the business as it was becoming too difficult to deal with these staff. That was how they fraudulent attitude of Nigerians kill businesses that are supposed to create jobs. And after, the thrives will be blaming government for lack of jobs.

How reliable are these figures, I think this is debatable

ultron12345:


My brother, Nigerians are the most fraudulent and wicked set of people. It's puzzles me how a people can be so religious yet so wicked.

I remember when a friend started poultry business. He was a busy person with a job so he hired a manager to run the farm. The egg production was always so low, which led to low revenue and he was unable to recover costs. He was busy complaining about how the economy is bad and how it's government fault that he's not making profits, not knowing his staff were the ones behind it.

He however noticed that on the few days he's around at the farm, the egg production will be x3 of the production when he's not around. After investigations we're carried out, it was found out that the staff were stealing the eggs and smuggling them out to go and sell for themselves. They'll come with cooler of their lunch in the morning, as their leaving in the evening, the cooler will be filled with eggs.

After finding this out, sacked some people and made new policies, all containers and items brought by staff should be kept at the entrance and not allowed into the farm area. The staff then started a new strategy. They would break the eggs and pour them into plastic bottles, throw those bottles over the fence, gather the bottles when they leave that evening and sell to bakers. The security men were even still allowing then to take in their coolers and other containers as long as they get their share of the looted.

He also had a policy that when any chicken dies, he will give it away to the staff. Before he knew it, mortality rates started increasing. On investigation, it was revealed that the staff were intentionally killing the birds so they can be allowed to take them home.

Nigerians are the problem of Nigeria.
The only reason many Nigerians haven't stolen government money is lack of opportunity. The thief who hasn't gotten an opportunity to steal thinks he is an honest man. These thieving staff will still be among those shouting government is corrupt when they're not any different. Every people deserve their leaders. Nigerians have bad leaders because Nigerians are bad people. A bad people cannot give rise to good leaders.

He eventually shut down the business as it was becoming too difficult to deal with these staff. That was how they fraudulent attitude of Nigerians kill businesses that are supposed to create jobs. And after, the thrives will be blaming government for lack of jobs.

My brother we Africans should find a way of appraising the grain grinders in our midst, In every organization I have been to and worked this attitude is rampant, when one looks into Europe and the developed world, they are littered with all sorts of award and recognition that all manner of workers aspire to other than money,

I'm not condoning theft and pilfering in any form but when workers aspire only for the monthly pay or money only, I want to believe this kind of thing results

If one checks out many factories and production facilities in the country, we see capacity utilization of less than 35% meanwhile same facility in Europe gives more than 85% capacity utilization, it's not really so much about the knowledge gap but that the developed world rewards individuals for productivity as opposed to in Africa where colleagues look down on those that are hard working as fools

emmanuelewumi:
How reliable are these figures, I think this is debatable

U trust Nigerian Data at ur own peril, where cows are counted as human beings or where a whole village can be imported from Chad to boost count........


To say the truth No body can Say for sure what Nigerias population is, what we have got are just intelligent guesses

emmanuelewumi:
How reliable are these figures, I think this is debatable

$9k/annual is just 4m+ and about 350k per month. This is far below the radar for Upper middle class income in my opinion.

dake40:


$9k/annual is just 4m+ and about 350k per month. This is far below the radar for Upper middle class income in my opinion.

Unfortunately based what I shared just 2 million Nigeria make minimum of that amount about 1% of our population.

ositadiima1:


Apart from oil and gas which other foreign corporations are in Nigeria making it big, raking in billions?
Don't mention telecom sector because it is in every country poor and rich.

Just thought I would answer this strange question . Here you go:

Multichoice, Standard Bank, Standard Chartered Bank, Indorama, Dufil Group (Indomie), Julius Berger, Mikano (generator guys), Nestle, Unilever, Cadbury, PZ, P&G, GSK, Lafarge, PWC, KPMG, Coca Cola, 7up/Pepsi, Guinness, Maersk, Stallion Group, Shoprite, etc. Even the international airline companies can’t be left out.

These are just a few I can remember now. Did you think they were Nigerian companies?

How can you not mention MTN and Airtel when you talk about companies raking in billions from Nigeria? Yes they are in most African countries but Nigeria is their largest market. By far.

Without Nigeria, MTN and Econet (the original company granted Airtel’s license) would have still been small Zimbabwean companies. The Nigerian government gave them the opportunity to become billion dollar companies when they granted them licenses. DRC is a large market with a huge population but they can’t make money there. It is a very poor country.

Myhelper1:
https://www.aljazeera.com/features/2020/12/10/wealthy-nigerians-buying-citizenship-overseas

We have had this conversation here before
Many who can afford it are looking into second citizenship and residences elsewhere

It's what even me is looking into
But the hundreds of thousands of USD is big sha

However there are some not too expensive residences that are within reach for people like me
Like UAE, Canada and central/Latin America

One needs alternative route cos it seems this country is really in for a long ride

ultron12345:


My brother, Nigerians are the most fraudulent and wicked set of people. It's puzzles me how a people can be so religious yet so wicked.

I remember when a friend started poultry business. He was a busy person with a job so he hired a manager to run the farm. The egg production was always so low, which led to low revenue and he was unable to recover costs. He was busy complaining about how the economy is bad and how it's government fault that he's not making profits, not knowing his staff were the ones behind it.

He however noticed that on the few days he's around at the farm, the egg production will be x3 of the production when he's not around. After investigations we're carried out, it was found out that the staff were stealing the eggs and smuggling them out to go and sell for themselves. They'll come with cooler of their lunch in the morning, as their leaving in the evening, the cooler will be filled with eggs.

After finding this out, sacked some people and made new policies, all containers and items brought by staff should be kept at the entrance and not allowed into the farm area. The staff then started a new strategy. They would break the eggs and pour them into plastic bottles, throw those bottles over the fence, gather the bottles when they leave that evening and sell to bakers. The security men were even still allowing then to take in their coolers and other containers as long as they get their share of the looted.

He also had a policy that when any chicken dies, he will give it away to the staff. Before he knew it, mortality rates started increasing. On investigation, it was revealed that the staff were intentionally killing the birds so they can be allowed to take them home.

Nigerians are the problem of Nigeria.
The only reason many Nigerians haven't stolen government money is lack of opportunity. The thief who hasn't gotten an opportunity to steal thinks he is an honest man. These thieving staff will still be among those shouting government is corrupt when they're not any different. Every people deserve their leaders. Nigerians have bad leaders because Nigerians are bad people. A bad people cannot give rise to good leaders.

He eventually shut down the business as it was becoming too difficult to deal with these staff. That was how they fraudulent attitude of Nigerians kill businesses that are supposed to create jobs. And after, the thrives will be blaming government for lack of jobs.

It's so so bad