₦airaland Forum

DoTheNeedful:
With the capital, you can always get the talent.

The CEO of Dangote refinery is an Australian with top 1% experience is the midstream and upstream sector of the oil industry. Dangote used a lot of money to drag him to Nigeria.

I think we’re actually on the same page regarding the need for private sector-driven growth—which is why I said capital and talent move in tandem.

Where I think we differ is that you see capital as the primary lever to acquire talent (hiring it from elsewhere), whereas I see capital as the magnet that must be paired with local talent development to create sustainable wealth.

If you have billions but no local talent pipeline, you end up having to 'import' your entire workforce forever, which is expensive and precarious.

If you solve for talent and capital together—the way the real 'billionaire cities' did—you don't just build a company, you build an industry.

We shouldn't just want the capital to hire the talent; we should want the environment that generates the talent....

DoTheNeedful:
With the capital, you can always get the talent.

The CEO of Dangote refinery is an Australian with top 1% experience is the midstream and upstream sector of the oil industry. Dangote used a lot of money to drag him to Nigeria.

The fact that Dangote had to use a massive amount of capital to 'drag' a British executive here proves my point, not yours.

If talent and capital didn't move in tandem, 60+ years of multi-billion dollar oil revenues would have organically built that elite refining expertise right here in Nigeria.

Capital can rent a manager for a job, but it takes both talent and capital moving together in a continuous loop to build a self-sustaining wealth hub.

Capital without talent is just an expensive asset waiting for someone else to run it.

It is a massive oversimplification to say capital can always get talent.....

DoTheNeedful:
With the capital, you can always get the talent.

The CEO of Dangote refinery is an Australian with top 1% experience is the midstream and upstream sector of the oil industry. Dangote used a lot of money to drag him to Nigeria.

Talent and capital move in tandem...

DoTheNeedful:
I hope Nigerians who can't see beyond government's ownership of enterprises can learn something from this information.

There is a strong correlation between the economic growth of any nation and the number of billionaires it has.

The economy of most working countries in the world are run by entrepreneurs who are able to deploy capital into various sectors of their economies. These entrepreneurs are usually big dreamers and very ambitious.

Nigeria has a few like Dangote, Otedola, Abdul Samad Rabiu, Adenuga and even Elumelu. Nigerians don't appreciate these people due to jealousy, and the uninformed beliefs that large scale businesses should be owned by the government. Unknown to many people, Nigeria need many of these big dreamers for us to thrive economically as a nation. We need them in large scale commercial farming, power generation, information technology, hi-tech engineering, real estate and so on.

One of the reasons we don't have constant power in Nigeria is because we don't have enough private sector participation in generation. We have been conditioned to think that it is only the duty of the government. I used to believe it too, until I conducted a research on power generation in most developed countries, and I realized that most are driven by the private sector. In fact, with the exception of the US, the top capitalized companies in many advanced stock exchanges in the world are utility companies.

The US is nothing without the private sector. The best universities (Ivy League + MIT , Stanford e.t.c) in the US are private. The best hospitals like Mayo Clinic, Johns Hopkins, e.t.c are private. The largest employer of labor in the US are private companies. The electricity used in most homes are provided by the private sector.

We need to embrace the private sector more in Nigeria for the country to work better.

It's experiences like this that give birth to guys who only want to date girls for x.

If you really want dates that you would enjoy, she has to love you a lot more than you like her.

Most of these girls have high expectations besides physical attractiveness. If she isn't into you, baba, leave her alone.

There are a lot of low-IQ people in Nigeria—the beauty of democracy...

They want the good things that come with a developed nation but do not want the pain of sowing.

No wonder they never achieve much in their lives.

Atlantis585:
That’s why North will never progress.

How can you choose that son of an incompetent dunce and who has never achieved anything in life?

Achieved anything?? Na only on top Nairaland, many people get mouth...lol

H.....

Nonexisting1:
I hope he doesn't replace the VC with a yoruba man.

A round peg in a square hole it would be

dynicks:
well written expository.....

Truth is When it reaches your turn, Na connection; but when the cake no reach you, Na corruption!!

Until you have had that privilege to find and test yourself when you find yourself in such a position, abeg no come here come dey preach holier than thou....

make Dem use one person as scapegoat first, others would behave ...

https://www.youtube.com/watch?v=1iC4hXKxE3M?si=5pCCR_TnIo2bQLsi

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MT:
You are well informed.

We have lot of UK graduates with no value now.

Most of them pay some individuals to do their course works for them in Nigeria. They learn nothing from the course.

They are lucky UK doesn't do exam to test them but mainly coursework-based, otherwise most people will not graduate.

How do you explain a UK graduate in a STEM course doing care jobs?

My guy, what u stated in the bolded is very true...

Talk talk talk, give children milk ko , make Dem suck breast ni... You haven't reduced food inflation, talk talk talk.... Nigeria jus de vex me now

festacman:
Farouk was a thorn in Obasanjo's flesh when he was president.

Farouk as chairman of HoR committee was investigating oil subsidy. Otedola was involved but was close to Farouk as a friend. Obasanjo used Otedola to set up Farouk by offering him bribe in sting operation to remove his name from a list of indicted oil subsidy beneficiaries.

Subsequently, Farouk was recorded receiving bribe from Otedola and stuffing some bundles in long cap.

Welcome back Farouk. Congratulations on serving punishment for your crime. Wishing you the best for the future.

Makes Sense_Good one, because I was actually wondering why Otedola wasn't jailed too... Sting Operation! Hmmm

The level of unpatrotism is too much in this country.. am tired of making comments on issues that bother this country.. These things are not rocket science, now u see the reason why our best brains leave the country. This country is lawless walahi.... This is a human problem though - happens everywhere in the world buh our own too much... Haba

Corruption also include persons not paying for used electricity by bypassing it esp. regions that do not use meters..

Hmmm

While the emotional response in Farooq's article is understandable given the challenges faced by many in Nigeria, it's important to approach the analysis of political figures and policies with a balanced perspective.

It's crucial to consider a variety of factors beyond just the increase in petrol prices when evaluating the country's economic situation. Criticizing individuals in power based on perceived cognitive shortcomings may divert attention from addressing the actual policies at hand.

Additionally, making sweeping generalizations about the motives of the upper echelons of power without concrete evidence can oversimplify a complex socio-political landscape. A more nuanced examination that considers multiple perspectives and factors is necessary to fully grasp the dynamics at play in Nigeria's current economic and political environment.

@myPOV

Nawa o, mental health problem is real o ... Some persons here might have escaped from Yaba left or on drugs

While these methods may offer a lower risk of detection compared to ingesting drugs, they still involve serious legal consequences if caught. However, they are considered less dangerous than ingesting drugs, which poses significant health risks and can lead to fatal consequences if the drug packages rupture inside the body.

Alternative methods that criminals have used in the past include:

Body Packing: Concealing drugs internally in ways that are less likely to be detected, such as inserting them into body cavities or using specially designed containers that are less likely to be visible on X-rays.

Drug Body Cavity Smuggling: This involves surgically implanting drugs into the body, usually in areas that are less likely to be inspected during routine screenings.

Concealment in Objects: Disguising drugs as harmless items or concealing them within everyday objects to avoid suspicion during customs checks.

Use of Mules: Recruiting individuals (known as mules) to carry drugs in their luggage or on their person, relying on their lack of criminal record or suspicion to evade detection. She was obviously used as a mule.

Sophisticated Packaging: Creating intricate packaging methods that make it difficult for authorities to detect the presence of drugs, such as using odor-blocking materials or vacuum-sealing techniques.

@POV Pls don't associate with crime, you don't have to do that to make a living.

Democracy

Bluesearoll:
What people don't realize is that there are More Muslim in Israel than Christian.... infact Muslim is 9 times more than Christian population

Ok

.

Omo it's not a joke o, things are very hard
.... Nigerians are really suffering, hmmm

GanagiBitrus:
On the contrary, Nigerians are actually good at Suffering & Smiling.

Eggzatly

I hope it's not a marketing gimmick

In my view, from the main article, Russia isn't addressing the allegations made by Finland regarding a hybrid attack. This seems like a distraction because an individual is not likely to spearhead an espionage mission without government involvement. Anyway, these individuals were caught in the act of illegal smuggling.

I hope they are also aware that human waste can be used for biogas production, fertilizer, compost, soil regeneration, energy generation, and water purification.

Societies can tap into this valuable resource for sustainable practices in energy production, agriculture, and environmental conservation.

This approach would not only address waste management but also underscore the economic and environmental benefits of utilizing human waste in innovative ways to promote resource efficiency and sustainability.

The political crisis in Rivers State has intensified as the paramount ruler of Emohua kingdom, His Majesty Sir Ohna Sergeant Awuse, declared his palace exclusive to supporters of Minister of FCT, Nyesom Wike, sparking controversy.


Awuse's video statement instructing loyalty to Wike has drawn criticism from Governor Siminalayi Fubara's supporters, who view the move as divisive and inappropriate for a traditional ruler.


Prince Charles E.O Beke condemned the monarch's actions, emphasizing the traditional institution's role as a unifying force and calling the declaration a potential trigger for conflict. Beke stressed the importance of separating political affiliations from traditional responsibilities, asserting that the people's loyalty should not be dictated by the palace.

The situation highlights tensions between political loyalties and traditional roles, underscoring the need to uphold the neutrality and unity traditionally associated with the monarchy.

The Assets Management Corporation of Nigeria suggests that selling the Ibadan Electricity Distribution Company to viable investors is key to enhancing its efficiency. AMCON's Managing Director, Gbenga Alade, emphasized the importance of stable power supply for economic growth.

Despite AMCON's efforts to address IBEDC's challenges, the sale process is ongoing. Alade highlighted the potential profitability of IBEDC, especially with investors willing to invest substantially for efficiency. The power sector restructuring involves selling Discos managed by banks and AMCON to capable investors, aiming to improve operational effectiveness and investment. Additionally, AMCON has completed a power project in Kaduna State to further support the power sector's development.