₦airaland Forum

anonimi:
Is that how Dangote became the richest man in Africa

Perhaps his refinery does not involve critical thinking to set up and manage.

Please, the average Nigerian is not Dangote.
There is presently a debt epidemic engulfing this country and it is destroying lives.

If you don't care about that it is your business. It is normal for shallow thinkers to find comfort in extremities.

Nigerians should avoid debt at all costs. In depressed economies this is the most difficult thing to do but it is the most logical thing to do.

Ubdavison:
They are dangling 1.4 million
In my very face. With outrageous
Intrest rate. I tell them, the devil is a lair

Don't take that loan.
I know they give as part of their business framework but it is fundamentally a bad idea. Grow your business organically. Let the challenge of raising capital cause you to innovate. Easy money erodes critical.thinking.

You folks, pls pay up and not destabilize the bank. Told you folks borrowing is not good. But a lot of folks from the grassroots to the Federal government itself insists. See where it has landed all of us.....deepening poverty.

Songhai has been around in Nigeria for quite a while now. I remember them doing oil palm in Criss-River, Plantain and Bananas in Rivers and like someone said, in Kwara and a couple of other places. Now Enugu.

Really haven't followed up to check how successful these partnerships have been particularly across various governments in each of the places of operations.

Does anyone know in practical terms.

We are through with the hype.
His business is no longer our 'business'.
Let the refinery take it's place together with his other industrial concerns.

On a national scale there is widespread disappointment as to how the whole refining industry has turned out. Not what most Nigerians expected at all.

Size will not matter to most citizens.

Still exploiting the ignorance of the people as to how democracy works for their prosperity.

These practices are why democracy doesn't work and hasn't worked in 27 years to improve their lives.

If the person that you want to employ brings you gifts or the person you have employed keeps on bringing you gifts but doesn't deliver service, constantly comes to work late, damages your tools, steals from your teller....but you are pleased and satisfied and want more service because he brings you gifts...

You the employer must be crazy in the head. Your business is surely headed for the rocks.

Chachalogo:
I sincerely do hope that the Super Eagles coach will call Yohana Zadok, the wonder kid who now plays for Brighton. We need that kid in our team. He's one of the future.

Yeah, I remember.
How has he done so far in his new club.

No, absolutely not.
Nigeria soccer must move on.
It is not a rehab centre but an institution, a centre of excellence that requires the fear of failure and absolute commitment to keep it going.
One chance and that is it.

Counter productive.
Just making him more and more popular.

SeeWahala:
Isn't this a RHETORICAL QUESTION? 🤔

I mean . . . He's a SENATOR already Isn't he? who pays nigerian senators before if it isn't the GOVERNMENT?

And this is what I have been saying and crying out endlessly for political reforms, about.

The Executive pays the Judiciary and the people want justice and their civil liberties upheld....how?

The Executive pays the Legislature and the citizens think the so called reps will work for them....how?

If these allegations are indeed true and he is in cahoots with fifth columnists in government to torment the people then it is clear he doesn't work for the people.

Why, his people, those who he works for, represents at the centre, do not pay him, do not own him.

Reform, reform, reform. The people should fight to pay their representatives, both Senators and Representatives and end Executive hegemony both at State and Federal levels.

If you don't pay your staff, he will not work properly for you. If someone else pays him you can never query his actions.

If the people cannot, the Legislature will never be a generator of development for them, they will never see justice and they will never have the Local Government system work.

See them pussyfooting on the creation of state police....for how many weeks now without an end in sight. Because no one is fighting for the beleaguered people. The citizens under siege. But if was something the Executive truly wanted, that benefits them alone, they will approve and get it done before dawn.

Useless arm of government for the benefit of the citizenry.

Cum4me:
chia i just dey reason the pain and anxiety the owner of the house go dey face life reality

The original owner is probably late and the new owner decided to 'renovate and occuoy' instead of tearing it down and seeking new devplans.

Yeah, Wuse is full of old buildings of dodgy quality, a good number built by civil servants in the old days of 'conquer and partition' of Africa Abuja....

Ebubu6:
weak consumer purchasing power and high energy costs are pursuing investors.

You sink $1million in business but the populace earning 70k a month can't patronise you because poverty wan kpai them.

They should reduce cost of governance and invest that money into increasing our minimum wage, then remove electricity subsidy let investors invest into energy.

Glad people are waking up to the reality of what is happening in Nigeria.

To me.
The subsidy thing is correct.
The macro-economic thing is rather dodgy.
The micro economic thing is the real disaster.

The hope that the trickle down effect from government spending, into industrial cap and finally into citizen welfare is a mistake. It won't happen, at least for many, many, many years. Not with this red hot inflation. 15 percent is just too much weight on the 'common' man.

I was casually going to ask my staff if anyone would be interested in the Dangote IPO, but right now I think that is a very stupid question to ask on my part....kai. Folks are passing through a lot....a lot.

Kaczynski:
If nigerians were competent, they'd be building their companies instead of settling for fraud or drugs.

Well the truth of the matter is that they have experienced 'bad parenting' for far too long to know better.

Countries do not just develop on their own. They are guided by government through qualitative leadership that cultures them around visionary ideals.

If a government is in authority on the basis of a vision for th industrialization of a country, it will quarterback the process and build a team of citizens to get the job done.

These citizens will then be the agents if the change the government envisions.

But if a government is in place that has very weak principles and hazy vision, it will not be able to stimulate a change in the attitude, habits and culture of a nation, of the citizenry towards a target.

In Nigeria today, you cannot point to a NATIONAL 'movement' towards anything.lrogressive or productive. Everyone is just left to scratch and scramble, make an economy and earn a living in whatever way they can. Government doesn't care.....like a failed parent who doesn't know where his kids are or what they are up to.

Have you ever heard government show real concern about brain drain, in policy, in action... Concern about investment failures and foreign company departures, in policy, or in action and I can go on and on.

This one really riled me up. They don't even care about how expensive energy is. Hiding behind the PIA. While othe countries even go to war for cheaper energy for their lives economies. Trump today threatening to shut Bombadier, a Canadian aircraft maker out of the US market if they don't move some of their production to America....

When will this government fight for Nigerians and Nigerian businesses.

Standing5:
All funds are now with govt. They are building bridges and airports intensively.

Well that is not what you build first.
You build the business before you rent the shop.
You pay for your goods first before you pay your rent. Because you can trade your goods from anywhere but an empty shop is an empty shop.

Infrastructure is a tool for, but is not the entire picture of the economy and will contribute zero to the GDP of a country if it is done for doing sake.

Emphasis should be on getting enterprises created and the ones existing better placed by doing EVERYTHING to ensure they remain afloat and inching towards profitability. Then you start thinking of how to expand their reach by investing in infrastructure.

If you put the horse before the cart you also know the exact nature of infrastructure you should be doing. Not wasting your resources building things where and how they are not needed.

And you will also be able to tap the resouces of these businesses you have previously seeded to help in achieving infrastructural.targets through reverse PPP's .

An example is Dangote and BUA doing serious reverse PPP's in infrastructural investments. Imagine if the government is deliberately creating hundreds, thousands of mini Dangotes: all over the country, how much easier it will be to achieve it's infrastructure targets.

I don't know about that but Mr. Atiku, fuel subsidy without institutional reforms in terms of law, order and the criminal justice system is going back to Egypt. I til rent seeking and cronyism is exorcised from our DNA...which is nigh impossible, this amounts to comiting economic harakiri.

Why Nigerians are despondent today is not be cause the high priest has called for a fast to rid the land of hunger permanently. It is because he was caught feasting in his inner sanctum.

Stoppage of social responsibilities of government is not the failure, it is wasting the monumental resources accrued ever since that has left us in tatters.

Spending is the problem.
How this government chooses to spend and on what has created no alternative to making a living but has rather fueled inflation.
Double jeopardy.

mrvitalis:
Only a fool will buy a $18 billion refinery now valued at $40 billion

Makes no sense

Hmmm....we need serious expertise on this and other matters I have in question. My mind is just so fuzzy, so blank about this IPO.

Doubt that, Mr. Dangote.

That demographic you are calling are rather hanging onto decent living by their chapped finger nails ....and courtesy of your pricey gasoline.

They have contributed, gone on a fast to secure your short term success. Now you want them to secure your long term prosperity as well ...haba Alhaji.

Way to go.

Public - Private - Partnerships in all aspects of enterprise creation that will add value to the real economy. It is not all about rent seeking, prosperity through contracting. This is what government should be doing at all levels.

Government has huge assets lying around, wasting away all over the country.

Government has huge financial resources courtesy of cutting back on subsidies and social services across board.

These are the kind of outlets those assets and resources should be channeled to primarily.

Subsidy 'savings', domiciled in the Central Bank.
States and Councils to have special drawing rights on the presentation of PPP proposals and working agreements towards investments in agriculture, mining, construction, manufacturing and a couple of other highly productive, high employment, value adding, export driven sectors.

Not just throwing money at them to establish airlines and build useless flyovers, hotels and event centres.

Then the CBN through the appropriate government agencies monitor such investments to ensure they work and they return back the outlay, the principal to the CBN.

Gotocourt:
All this relic stadium that's not economical viable.

The issues are simple.
Prosper people and they will invest in concerns around sports and leisure.
They will have the 'time and treasure for pastimes'.

My own concept, socio-economic ideology has always been around allowing a people express themselves in all aspects of their lives.

Such that Government being the custodian can provide as in this case, facilities for sports and leisure, ONCE and for all. Ownership will then belong to the people. They will have money to enjoy and maintain these facilities.

They will have money to watch soccer matches and the soccer teams will be rich enough to maintain those stadia properly so as to break the cycle of refurbish - rundown - refurbish.

There is nothing like a well run economy. A people centric, people prospering economy. That is my slogan.

Just get the economy working properly and these things will become natural, organic. It is embarrassing to be hanging around infrastructure and facilities built generations ago.

thomas2024:
I think it’s high time Seun Osewa had “Kid Section” on Nairaland. What is the purpose of this topic?

Just for fun. Life isn't complicated.

Maybe... or maybe not if you were not pre warned.

But one thing for certain, you will be seriously eyeballing your host from then on, looking twice at every drink and meal you are presented with and I can imagine that you are bound to cut short the stay at some point in time....

I really don't know...never a fan of IPO's.
Will wait till the coast is clear. There are other things more certain and profitable out there.

erad:
This writeup is a perfect example of years of the effects of colonial brainwashing. You see an African downplaying his own continent's size and even going as far as suggesting the land is mostly deserts and useless.

Emancipate yourself from mental slavery.

Jokes apart.
You need to listen to Professor Patrick Lumumba a lot. And ask yourself whether after years...decades of study he too is brainwashed....

Much Ado about zilch.

You can fit approximately 80 Japan's into Africa by land size (mark you over 70 percent of Japan is mountanneous and largely unusable for productivity).

Yet Japan out produces the whole of Africa by approximately 4.4 trillion dollars to 3.5 trillion dollars. A continent that has every single imaginable resource on earth in ABUNDANCE....while Japan has only one....from its mountains... limestone....not even enough to be self sufficient in making cement and pottery.

And a nuclear bomb...no...two nuclear bombs were dropped on her.....all she gained from colonial wars were collected back and she was surcharged on top....and then almost every year the earth opens up and swallows part of the country....

Abeg size means ABSOLUTELY NOTHING.
May God grant Africa the fortitude to carry her cross L in peace....

Someone was speaking on radio. A failed citizen if you ask me.

In summary. That because of the PIA, government 'cannot do anything' about the high cost of petroleum products. That it is internationally denominated now. And it is the law.

So who makes laws....is it not the people.
Who made the law that the dollar should not be used for domestic transactions, the people. So why break one set of laws and fear to break the other.

He said that America does not pay subsidies for petroleum products...fine. But the same America has gone to great lengths to find oil for its country and it's people for decades, and at all costs. They go to war if necessary that.

They will never allow gasoline prices double or even triple at the pumps without severe consequences to the rest of the world. Ours have folded their arms and watched their people starve.....and they tell you there is no alternative to that.

Well if they won't, find a government willing to go the whole hog for the citizens and vote them in.

Wow, I just love issue based, citizen living experiences debates. We have been waiting for this kind of scenario for years. This is very refreshing in the polity and maybe small signs our democracy is beginning to mature.

Show Nigerians the linkages between their leadership choices and the direct effect on their lives and livelihoods.

Government is there to serve the people.
Democracy is about and for the people.
So issues about the people should be feint and centre.

Give them a chance to direct their affairs and take charge of their lives through their choices.

Down with feudal rule.
The country belongs to no individual, his family, friends and cronies and Nigerians must resist the attempt to be hypnotized by another narrative.

I personally am against the fuel subsidy regime.
But I repeat for the umpteenth time.
The handling of the situation (the total failure of government to fight inflation) and the waste of the absolutely humongous amounts 'saved' in the process is totally disappointing.

Reforms have certainly not reached the ways and means government conducts it's business. Rent seeking is still very much alive, kicking and killing the economy.

Nigerians must have alternatives to this government in consideration.

Glad he addressed the issue rather than the personality involved in the whole thing. Politicians should learn from this to prove they are intellectually capable.

Converse topics
Argue points..
Debate issues.

Needs.

But the man in question is not really selling much.
I have not seen a government as socio-economically vulnerable as the present one but all I see is pussyfooting by those who should grab the polity by the scruff if the neck.

God knows if I were to be in their position I will drag the government's feet over hot coals. Days after campaigns flagged off...nothing.

It is like they have all given up.

Without restructuring Nigeria you cannot.

You will simply be shifting mismanagement and theft from one institution of government to another as this government has done.

Shifting the avarice from the hands of the oily officials to the hands of government executives up and down the political chain to mismanage.

Reform to strengthen and reposition institutions of law, order and justice first before any crazy stunt.

If the economy is good, why are they doing this kind of job.
If the economy is good, why are they complain about payment.

You collected their substance through subsidy withdrawal and this is all you can give them. Instead of channeling the humongous sums off subsidy into organizing them into productive enterprises where they can make stuff, do value stuff and eventually return a profit to government.

No, the feudal system with rather have grown men beg for a living and exchange their dignity for a plate of porridge.

What kind of government is that.
And Nigerians are all clamouring for a return of such a system, a retention of such a government. A dignity stripping government....shame on Nigerians.