₦airaland Forum

Scammers on this thread make it very hard to trust exchangers, especially with recognisable names occasionally going rogue.

mrvitalis:
Good afternoon everyone

I for one dont see the use of FDI for a developing economy at all

In fact FDI is anti development for a developing nation

FDI only makes sense if the investor relocats ans stays in the place he is investing

For an economy to grow ( money coming in -money going out) >0 ....

It's that simple

So am economy X worth $### ... And investor invests $100 ... The economy of X becomes $###+100

But that same investors takes out $1000 over 5 years in profit

All this being equal the economy would then be $###+100 -$###+1000 ... So the economy decreased by $900 dollars


The best way to grow and economy is to give your people ( that's have show capacity) credit to start to produce a) things you import at a comparative rate b) things you can export

It's not rockets science

Very flawed analysis. FDI improves local production and potentially export. China had a lot of FDI and still grew to be the biggest economy. Vietnam is growing now because of a lot of FDI going into their manufacturing sector and turning them into a hub for production.
As long as you generate production, create jobs and the government mandates a minimum required local participation it'll benefit the host country.

Stephench:
You sound like a very poor man to think that 15k is such a huge amount and enough to ground a company that's raised millions of dollars. 15k isn't so much money for a CEO to receive if he so wishes. 50k on the other hand is on the high side.

I know a lot about Y combinator and about start ups. I'm a software engineer that's studied product and project management and also working on start up products, there's nothing you can tell me about start ups as I have experience in the tech world

You're funny!! The primary goal for the CEO founder should be to grow the company into profitability, not taking huge salaries because he raised money that he can't replace.

juman:
I remember some long time ago, some doctors that went to saudi to work.
One of them built his own hospital in nigeria after like five years in saudi.

I wouldn't even be mad at him since he brought some development home from his sweat.

Shattuck:
I think it is ignorant to think she couldn't have laundered that that, do you have an idea of their entire flow of money under her watch, you think it's all about budgetry allocation, from the federal govt.

So you're basically basing your assumption on coulda woulda shoulda? Even the UK court is not charging her for laundering a $100m, not to talk of $3 Bs.

silento:
So many wrong info ,

Point them out with your source and I'll start linking mine.

Nolevel666:
Don’t say that

Could be more than

You can believe Buhari was Jibrin from Sudan if you believe that.

kadraxkyle:
The NNPC funds looted by Deziani Maduake alone is enough to provide this.

Corruption knows no tribe. It is rooted in all nigerians. Forget all these youths shouting obidient. Give them little power and see them milk the country dry.

In my uni days, I once had a students association president who diverted and converted students gifts and properties to his.
At this point, prayers can't even help us until we are ready to change.

Diezani may have stolen or been corrupt, but I think it's ignorant to assume she could have laundered $3 billion. Some kind of talk should end at beer parlours.

Fearyourcreator:
The kunkun glass beats all ... Huawei Is coming ...
iPhone Last longer as how

Who uses Huawei seriously outside of China without Google Services? Which Kunlun glass? Make I hear word.

I don't use an iPhone. But people focus on iPhone being expensive like S23 Ultra isn't well over a million naira too at full launch price.
Anyway, apps are better optimised for iOS and developers will release there first and the best. Social media apps generally work better with iOS.
They have the BEST smartphone processor right now, although high-end Android phones have more GPU power.
iPhones have the BEST video recording capabilities. Pixel could be argued to take better pictures though, although it's not a huge difference by any means. The iPhone however is the best all-rounder camera phone.
iPhones have the longest software support cycle of any smartphone phone.
iPhones have better resale value. Buy an S23 Ultra at launch price of say ₦1.3m and a iPhone 15 Pro Max at the same launch price and give them eight months, the Samsung would have depreciated by significantly more. PS: I use a Samsung S22+.
iPhones have the most efficient chipsets and last longer than comparable Android phones while using a physically smaller battery.
DxOMark rated the 14 Pro Max display as the most color accurate as of last year.
Because Apple doesn't produce budget phones and hardly drop discounts, iPhones have a premium posturing in the smartphone world.
Sapphire glass on iPhones is more durable and scratch resistant than Gorilla Glass on comparable Android phones.
Edited: Apple's iPhone glass is called "ceramic shield." I guess it's the Apple Watch Ultra's glass that's called sapphire glass. Still the strongest on any smartphone nonetheless.

DyingFetus:
Mek nigeria do their own I wan check something

You're likely to be shot by the armed policemen that are there. Or even worse get beaten to death or burnt.

bassdow:
if buying a phone costing around 300,000 naira , Hopefully, you're your OWN landLord.

What a ridiculous mindset. 300k is basically $300 now but wise asses like you think anyone using a 300k phone should own a house in Maitama or VGC.
My phone and laptop cost me over 300k each and that's not even from this year at the current exchange rate. I'm a proud renter and thankfully won't build a hut in my village to please people people like you.

adisabarber:
You pushed for floating of the Naira, it failed. Now you are saying another thing

You float a currency and print it endlessly and you'll have this issue. The alternative is to keep printing naira and selling limited dollar at a subsidised rate, which considering the government is not the only one with FX is a bad idea that limits dollar inflows.

Winning123:
You can believe Hitler is alive since you believe this governor boy. I pity his people anyway. He is making silly statements against officials of the Federal Government in the open. Rather than reach out to seek clarifications, he is chest beating. Which troops is he going to use for his so-called kinetic approach? This kindergarten governor will soon learn the hard way.

Are you an APC member? Because it's the only thing that explains why you want to masturbate over anyone calling out the government in public for its incompetence. How many good results have we gotten from those who hide to report government agencies to the government? If it were so effective Nasir El' Rufai would have eliminated the routine killings in his state with his access to the president.And who are you calling a boy?

yemmight:
Instead of the State to work with FG and save the lives of the citizens, they are politicizing.

Didn't you read the part where the federal government is negotiating with bandits and of course sidelining the state government?
Why is the government negotiating with terrorists anyway? Is this how they intend to secure the country?

Levyweston:
don't mind them,they don't want to pay taxes with their poor services

They already pay tons of taxes. The issue is multiple taxations. We don't have streamlined tax systems. Do you expect businesses to pay full taxes at the federal level, state level and even LGA level?
You can't have a thriving business environment when any level can arbitrarily impose taxes that are already being taken. Just imagine if you had to pay income tax several times.

Clinton14:
She na Apc privatize phcn?
Na mumu you be!

APC has been in power for 8 years. Eight years is enough time to correct any error with political will. You people would rather die than admit failure. Stop with excuses please.

JonCina:
Tinubu WILL be the President of Nigeria for the next 4years!

Nothing in life is promised. Not for me, not for you, not for Tinubu. Some things are "likely" but certainly not fixed reality. It's one thing I remember to keep me humble.

Omoawoke2:
You did not see the first comment that attacked Yoruba from nowhere and you are crying when you got same treatment

You are free to hate, but be ready to be hated

Do you know how many comments I report? I'm not even bothered so much about the one comment as much as the pattern and his signature. I used to think Mark Zuckerberg was insane with Facebook censorship but seeing all the tribalists on Nairaland convinced me moderation is necessary.
Also, your hate can't do nothing to me. I'm from a minority tribe and tired of the shit show by the overgrown tribal babies

LeoDeKing:
Mbok, you mean those overhyped airstrips in the barren land can't sustain themselves?

I now understand why Lagos airport is being overstretched.

@Seun, I thought you were serious about uprooting tribalism on Nairaland?

slivertongue:
soludo is an elite, he was previously at the Villa. so those who fought the reforms are his follow elites. By the way who are those who threatened him. na dem dem

Are you expecting them to pick a central bank governor from a motor park garage?

slivertongue:
but soludo was part of them.

Are you a kid or you just don't know about the banking reforms by Charles Soludo?
Too many people want to comment on Nairaland out of sentiments and knee-jerk reaction.

phemray:
Very correct, but unfortunately some people from the region that worship money in all Thier life will not agree. They make money by dubious business strategies e.g second shop that does not exist, selling fake items as original. Imagine calling higher and on imaginable prices for items e.g 10k items they first tell you is 50k, and to them this is smartness. It's a pure dishonesty ,fraud and robber.To them Anyhow you must be rich.

Somehow you people must infuse tribalism. Guy shut up. There are Yoruba and Hausa guys who are into cybercrime or money laundering. Make I no talk too much before someone comes to ask me to point to people. You tribalists are insufferable. Everyone loves money.

Sharpsharp00123:
guy if they are making legit money with evidence then they are good to go but I am telling u no reasonable person with a customer base that cuts across all ages,tribes, religion will want to b on dread n tattoos

If u have a business n u have customers from all works of life u will want to look reasonable n approachable

I have never seen someone on dread that does reasonable business

@ the bolded is the most ridiculous shit I've read today.

Military0001:
Well the government should work towards improving the Naira.
Imagine Nigerian used Lexus ES350 of 2008 going for #4million and above

Naira ah!!! Wetin dey occur to our currency.

Someone posted a Tokunbo Peugeot 206 for 4.5m or so It's ridiculous

rainz:
You need to build. No matter how small. Even if u build the boys quarter first. Believe me that your woman get sense no follow people mouth for nairaland.

This is rubbish talk abeg. She's not ready. Unless you're rich or intend to build a slum house you cannot rush into building a house. If you can spare the capital you're even better off building extra income sources first.

AKWATGOLD1:
My brother, my advice for you is based on the following:
1. You think is because of brilliance that makes you to earn so much but you failed to know that blessing comes through marriage
2. Listening to father advice on your marriage is not out of place but you know to understand that those ladies available in their own time is different from all these social media ladies we have now.
3. What is notice about ladies of nowadays is that they loose interest in sex when they have given birth to one or two kids.
4. Take a deep look at characteristics of your beautiful wife and accommodates your people is rare among the ladies infact your family will blame you if you divorce her.
5. Please seek counsel from your mother or her own mother to intervene on this issue that want to cause separation.

Abeg you people should drop that marriage bring blessings talk. There are millions of struggling married couples. You make money if you have value to offer and are in the right place.

Offpointng:
Of all things wey u talk Nothing pain me pass this one wey u talk. Aunty na ur FAMILY wey dey synonymous to wretchedness and poverty, not Africa.

How dare you get so brain washed that you have to call the Motherland what slave masters want you to believe??

No Phones and Computers in the world will function if Cobalt are not sourced from Africa.

France are rich today cuz of Gold from Africa

USA don't have oil but are oil richest today cuz of Oil theft from Africa

Africa is saving the world from Climate change effects cuz of It's large Lithium deposit and Gas

Your likes that use any Oppurtunity to talk down on Africa disgust me so much. Yes Africa are synonymous with Bad leaders, but Poverty and wretchedness?? Never in your life repeat such words. Can you imagine??

At the bolded, the USA are actually one of the biggest oil producers historically, they just use too much and require import.

AndroBlaze:
Mr Man, keep quiet!! How did he get to the position he got to if not for using his connections to Jonathan...or did you see in his CV that he is able to turn water to wine all by himself??

Should we call Emefiele and every Buhari appointee Buhari god children?

Before exchange rate went to the dogs.

phranco:
I need wese90 contact for escrow pls

visit nairaland.com/wese90

ElSudani:
The original inhabitants were relocated to Niger and Nassarawa states. They were duly compensated and the federal government carved out the FCT from about three states.
So, in essence there are no Abuja indigenes anymore, or should I say indigenes of the FCT.

Oga, please stop making uninformed comments on the internet with confidence. I have been in the FCT since I was a kid because my mom was a teacher teaching in the rural areas, FCT indigenes are still very much in the FCT.