What is all this fuss about??



Juust kidding

dahmie2013: ^^^^But I dont see any reason why an Harvard or any graduate from these Ivy League school's can't come to Nigeria to work. Its like asking why multinational firms Shell, Unilever, KPMG, PWC, Nestle etc have establishments in Nigeria. Even as bad as Nigeria is, with the so much insecurity, they are here. We are not that bad nwwww

Before you even go up to the popular Harvard level, why would a less locally-popular Wharton BS. Economics graduate consider an entry-level role in the PWC or KPMG office in Nigeria to earn $13,000 a year before taxes, even though that might be his dream company? Note that he just paid $60,000 a year for the past 4 years. After considering that he has to write some poorly conducted aptitude test with 1,000 people in a hot hall somewhere, then interview a dozen times and wait for a year before receiving the crappy offer, then endure a few months of kissing arse and fetching photocopies in some overly hierarchical office before learning anything useful in generally messed up Lagos, he'll probably prefer to take that offer from a relatively unknown, midsized, $100m revenue firm in the US offering $30,000 without having to endure a year of career stagnancy 'serving' his nation in khakis (longest sentence I ever wrote). If he does decide to return to work in the country as an experienced hire, his appetite will probably be too big for typical non-oil multinationals to be able to afford him. God forbid it's a 21-year old female who studied something like Public Policy in Oxbridge with the dream of starting out in Government. She'll fast realize the difference between her Level 8 Federal Civil Service position at our House of Reps and the 2nd year internship she did at Downing Street, then jump ship. As someone rightly mentioned above, the organizational culture, work ethic/environment, compensation, power-distance in Nigeria is not just appealing.

There are really cool places to work straight out of school here in Nigeria though--I work in one--but they're not your average Nigerian companies. Such places actively target these Wharton students as well as local graduate with the right orientations, and give them careers comparable to what obtains internationally (while taking advantage of the cheap labour ). Unfortunately, these places are limited.

What do you think about the bolded in Fola Adeola's wiki page?

"Fola started his education at St Paul's school BreadFruit, Lagos and then completed his secondary school education at Methodist Boys High School, Lagos. He obtained a Diploma in Accounting from Yaba College of Technology in 1975 and became a Chartered Accountant in 1980 following his training with Deloitte, Haskins and Sells and D.O. Dafinone & Company (both Chartered Accountants). Over the years he has received professional development training at notable institutions worldwide including Harvard Business School, INSEAD, and the International Institute for Management Development in Switzerland"

And Ribadu?

"Mr. Ribadu holds an LLM degree with emphasis on the jurisprudence of corruption in Nigeria from the Ahmadu Bello University, Zaria, Nigeria. In 2008, he was at the Harvard Business School where he did a program in the strategic management of law enforcement agencies"

Do you think these short executive courses really have the same perceived value as the actual degree programmes?

esere826: 1)School'Brand' Matters very well
2)Shool matters
3) We can suceed despite not having either,
......but it matters
we can give examples of all 3 phenomena

-I am yet to see a Harvard trained graudate earning less than the equivalent of N300,000 per month
-I do see a number of 1st class grads from 'i drink garri universities' trying hard to sustain a 100 or 200 thousand naira a month, and then just giving it up the constant struggles and going for phd's

-someone from a 'branded' school might not be more intelligent than you, but would be more attractive to recruiters except she's plain dull

-Some that did not go to or finish school are extremely wealthy
-Many that did not go to school (at least in Nigeria) form the class of the poor
-Many that went to 'branded' schools are at least middleclass

I have not met a Harvard-trained business graduate earning less than the equivalent of 1 million a month. 300,000 is something a truly skilled, locally-trained graduate with 3 years experience should be able to reject comfortably. Sadly, Nigerians are happy settling, and justifiably so. Not like the jobs are really out there...

Indeed. Recently attended that Bank of America Merill Lynch event here in Lagos. The panel was composed of about 6 people. One from MIT, another from Warwick, one LSE, one Yale (I think this one studied some course in the Arts) etc... It was obvious that these guys were targeted, and the HR lady there somewhat mistakenly admitted that certain schools are targeted while she tried to prove that they have the best talent across the world.

Question time, and rather than ask some pertinent questions to probe the motive of their trip to Lagos and realistically assess their chances of securing graduate roles and internships, students asked irrelevant questions about entrepreneurship and government's support for SMEs.. Can't blame the students though; most of them are very young L2/L3 students and naive, with a very exaggerated sense of the quality of their universities. Questions were led with statements like "I am Jane Smith, representing XYZ university, the number 1, premier, state-of-the-art institution in Africa..." (Ok that was retouched a little ). They then went on to ask googleable questions in order to sound bright.

If they had enough time and I'd been selected to ask a question, I'd have asked them to give us a realistic idea of how a top student from UI will fare against a 2:1 UCL grad if they both make the interview stage in London and performed well. I'd ask about the ratio of Ivy-league to non-ivy league students in their Wall Street office. I'd want to know if they have really communicated their mission of developing African talent in their European offices to the actual recruiters and interviewers on ground in Europe--since this panel seems very high-level and disengaged from the inherent recruitment bias. That event seemed more like a CSR gathering that'll look good on the end-of-year reports, but will unlikely translate to an actual recruitment drive (which they promised will happen in November). I don't blame these top firms though. I'm all for targeting, but not like the 'Harvard only' targeting in the 'Suits' series. Like Nitrogen said, if your dream is to be in the structured industry, it does make sense to get that rubber stamp from a globally-renowned university. The ROI is still well positive. Rankings do matter--international rankings that is.

Nigeria and it's power distance. It is not protocol to say Sir or Ma. Never worked in a place where everyone is not addressed by their first name... Even in Nigeria. Maybe it's more the culture in academia, but even then, not when you're obviously peers.

Lagos Business School. It's the only one that I've seen featured in any international ranking, albeit poorly.

MSc Accounting could be the biggest waste of time, even if you want to lecture Accounting in the future. Besides deeper Accounting theories, there is really little further to learn beyond a Bsc Accounting and a Chartered Accountancy designation.

Write a CV first, then get help making it good.

Your cash balance as at March 6 was 3 bucks... On March 4, you posted this same statement on this thread https://www.nairaland.com/215768/betonmarket-made-easy

A simple arithmetic division of the current poverty rate by 2 doesn't seem like a bankable calculation to me..

samley19: Pls i hv applied 4 d odudua schlrship,.bt i dont knw wts its abt z it overseas or 4 undergradvate. .r we gna b paid money...d pls i nid 2 knw,..coz i hu a cgpa of 4.97 in pharmacy oau..nd al distinctns in waec nd 274 in jamb. I dnt wna waste dm...pls wic oda scholrships cn i apply pls.d.

You'll do yourself a great favour by writing normally every time and anytime, even on SMS, if you want to be taken seriously.

If you just get on a plane and head to Barbados without super cogent plans and a verifiable return ticket due in a about 3 weeks, you'll have your ass deported straight from the airport. Also, it's 166sq. miles, meaning there's nowhere for you to hide.

Thanks, Y. Very insightful.

magaliyu: Ask Bill Gate.

Sure. Bill Gates probably perpetuates the idea that school does matter. He attended one of the most exclusive and elite preparatory colleges in the US where he had the opportunity to become one of less than 20 American teenagers with access to a computer with 'superior' coding capabilities. He later aced his SAT with a near perfect score after which he enrolled in Harvard. He developed groundbreaking computing solutions while in Harvard. He also met Steve Balmer who later succeeded him as CEO of Microsoft later in life. You should read "Outliers" by Gladwell. You'll understand how Bill was one of the most privileged (and gifted) kids on his time.

Also, please avoid digressing. I know you can become wealthy without going to Oxford. I'll prefer not to see names like Dangote. Just want to know whether a prospective hot-shot in Wall Street (or the equivalent in the legal/academic/engineering/etc profession) will encounter a different degree of difficulty penetrating the system for the top jobs having graduated from the corners of Barnet.

Was having a little debate about this and thought I should open it up..

It's easy to say no, but think about it. What are the chances of getting a high-quality, global job if one doesn't have some sort of history with a top-ranked global school? What are the chances of finding a graduate of Herriot-Watt doing meaningful, specialized work in the the Goldman Sachs London office? These company's sometimes only recruit from certain schools anyway. It's easy and a cliched to say "anything is possible" or "It's what you can do...," but can you back these assertions up with factual, searchable examples?

Help close this "school doesn't matter" debate, wise ones.

Jonathan Confirms Pardon For Alamieyeseigha, Says, “I Owe No One Apology”- PREMIUM TIMES

"President Goodluck Jonathan has confirmed the granting of presidential pardon to a former Governor of Bayelsa State, Diepreye Alamieyeseigha, and a few other ex-convicts.

PREMIUM TIMES had broken the strory of the pardon while the meeting was underway Tuesday morning.

We also reported details of the proceedings minutes after the meeting ended.

Presidential spokespersons had gone underground for most of yesterday in what appeared a ploy to dodge media enquiry on the controversial pardon of a man who stole his people blind while governor.

But Mr. Jonathan, speaking through his Senior Special Assistant on Media, Doyin Okupe, has now confirmed our report.

He said he has no apology for his action.

Mr. Okupe spoke on Channels TV breakfast show, Sunrise.

“That is an action that has been taken by the National Council of States and I have no apology for that.” Mr. Jonathan said. “We must begin to respect and honour our institutions. I don’t need to defend the action that has been taken.”

When reminded that the action had created the impression that the government was not serious about the war against corruption, Mr. Jonathan said, “It is not all decisions parents take that are palatable for their kids. But with time they will realize that their parents are right.”

He said pardoning Mr. Alamieyeseigha was in order as the former Bayelsa governor had suffered enough.

“A man was deposed. He was hounded, tried and jail. What is wrong with giving pardon to a remorseful sinner?

“How come granting pardon to him has become an aberration? Is it because he is from Bayelsa? Is it from he is from South-South? Is it because he is connected to Mr. President?”"

What Mr. President fails to process, fundamentally, is that the government is not the people's parent; it's the people's employee.

Ok is everyone just pretending to be oblivious of the ironic blunder in a title about teachers' remuneration?

It's a function of many things, bro. Your college, the host country, your programme, and you. Barring most of life's outlier events, life will be exactly whatever you decide now.

Donmichaelz: its stil cartoon.

Go ahead and expose your kids to South Park, Family Guy and Boondocks, since 'it's still cartoon.' Also try to entertain them with Death Note and throw in some animated p*rn along with their Tom & Jerry.. It's all cartoon.

musaak: good. Teach them how to teach their pupils/students.

I guess you've never seen skirts, trousers and tracksuits that could drive you nuts. It's not what's worn; it's how you wear it. You can make a raincoat look indecent.

https://www.nairaland.com/950021/nairaland-approaches-1-million-members

Opened that thread 7.5 months ago when it was 900,000. Calculate the average number of members added daily.

There are no annual (periodic) payments of coupons with a zero-coupon bond (hence 'zero-coupon'). The bond is purchased at a deep discount (usually inflation-based), and only one payment of the face-value is made at the end of the bond's term. Since the duration of a bond is the weighted-average of the time it'll be repaid, and since only one payment is made at T, D always equals T.

Might be a bit biased since I've not bought a lot from konga, but it's Jumia for Life here! I'm a sucker for books and whoever gets me any one I want is the winner!

I'm on my second of three books from their Nassim Talib bundle
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You can buy this it on Jumia and have it delivered anywhere in the country in 1-3 days. It's 5,500 there

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Get both their books on Jumia. They have a special on.



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http://www.thisdaylive.com/articles/okorocha-calls-for-scrapping-of-nysc/131712/

Imo State Governor, Chief Rochas Okorocha, has called for the scrapping of the National Youth Service Corps (NYSC) and advocated for the setting up of specialised institutions to improve the standard of education in the country.

Okorocha who said this in a speech he delivered at the 50th anniversary lecture of the Ahmadu Bello University (ABU), Zaria in Kaduna State said the NYSC scheme had outlived its usefulness.

“The NYSC was set up to promote unity but that has failed, so we need to look into other areas to improve the quality of education for our youths’ he said.

The governor called for the establishment of specialised schools like the Law School in all fields of study to equip students with practical skills to fit into the modern society.

“It is worrying that some of our graduates cannot read or write but if they attend specialised schools after graduation they can have more practical skills than theoretical,” he added.

He said exposing graduates to further practical skill acquisition would also assist government to determine the placement of universities on the scale of excellence.

“We should stop grading universities by age but by specialisation which can be achieved through exposure to other graduates in a post graduate school,” he added.

The governor called on universities to also consider alternative sources of funding rather than relying on government for all revenue.

“Universities can set up farms to produce food and technology firms to bid for contracts to increase internal revenue,” he said.

Okorocha also called on universities to look into the bloated number of staff to save costs.

“Most universities have a huge number of non-academic staff and other non-essential staff coupled with adjunct teachers that are a drain on the resources of universities,” he stated.

He challenged the Academic Staff Union of Universities (ASUU) to cooperate with university authorities to survive by reducing consistent demands for wage increases and allowances.
“ASUU should do more than just plan for strikes over the least problems. They should engage university authorities on ways to save costs,” he said.