erico2k2:

Look we should all forget obi ,obj pmb etc. the man on the Hot Seat is Tinibu, he is in charge an head, so he is to blame and he is responsible for anything that goes good or bad simple,,If he knows he cant sort it let him step down for those who feel they can,

Every step Tinubu has taken so far is a step in the right direction with long-term results,
Give the man time.
And as for the depreciation in the parallel market,in time to come all the steps he's taking now will make them obsolete in the Nigerian fx scene.

mrvitalis:

The problem with APC is instead of focusing on promoting export they are focusing on preventing import

That's so 1800s economics

The theory of comparative advantage rules the world

You think China can't farm corn and soy? But import it?
You think China can't farm meats? But import?

You think America can't build chips?

Lmaooo Una go learn

Obi was here giving you guys free knowledge no body took it seriously

What will Obi do differently to boost the so called exports you've been screaming about?
You want to export finished goods and sell to who?What will you or Obi even export?
How long will it take you?
Where will the forex to use to import heavy duty machines your sudden industrialisation projects will need come from if you don't manage imports via substitution?
You think you'll just wake up overnight and start exporting and go and break years of acquired capacity and industry relationships and even lines of credit with giants because one fool who don't even own a viable business is saying so right?
Obi is just a good Orator but a serious dunderhead and calamity that Nigerians chose to pass on and I respect them for that,
Tinubu was the best amongst all three but your hunger driven tribalism and basic depravity can't let you see that because you actually need to be comfortable enough and roll with technocrats and doers to be truly enlightened,which you can't be caught dead in those circles.

emmaodet:


Exactly bro.
Exactly

There are a lot of people and companies that had benefited from government policies etc yet couldn't stand.
The attack on the man Dangote is too much.
There are many student that have access to all waec and jamb past questions, even had private teachers who helped them treat these papers and break it down for them.
Some were even privileged to get area of concentration yet they failed or scored lower than a brilliant chap who also had the opportunity

Definitely,
Most of their rants is coming from tribal sentiments and naivety of the business world.
Bro,if you've started something and is able to grow it,you learn to leverage on your size and economic impact to dictate terms.
Even medium scale traders do this before na Dangote group.
If e easy ,make them too run am,simple.

Basicend:


Not baseless in any way.

Every non-sentimental observer knows that Dangote's exceptional height in the Nigerian business space was based on biased governmental priviledges and not business ingenuity. He has been very close to power-players for many years. .

Yes, tax waivers and COT concessions can be granted to any viable business concern but do you know how many (synergies) have tried to invest in Cement industry and were frustrated by so called governmental policies?

Even the refinery thing, are you telling me that we don't have indigenous and (DFI) direct foreign investors that have wanted to float a viable oil refinery in Nigeria?

Did you skip the dollar cornering thing? Do.you know how many times the CBN (Emefiele-governed) had borrowed monies from foreign windows and Nigeria payed back the interests, just becoz Dangote needed to complete a core project?

To say that Dangote did not benefit from unfair governmental or political leverages is valid sir.

Nigeria is not what you think.

There's been way more people that have been favoured by government in their capacities and they all failed.
FG is having tough time retrieving debts from NIRSAL,BOI,etc..beneficiaries ,why is that so?
Look,every big business at one point or the other is favoured somehow by somebody, doesn't make the beneficiary's efforts useless.And I'm not even admitting to Dangote being a beneficiary to any government support.
What synergies?Every government has basic requirements for all its sectors,if you want to play in that space,meet the REQUIREMENTS.
Nobody is frustrating or witchhunting you,there's over 5 to 6 solid players in cement as we speak so Where's the monopoly.
As for refinery,no one wanted to invest in it after holding refining licenses for many years for reasons known to them,now Dangote has taken the risk and you're shouting monopoly.

Did you expect Dangote group to source it's forex from the parallel market?Is he a spare parts dealer or what?

If you work hard enough,you'll also be a beneficiary to government waivers,
Innoson too has been enjoying government patronage for his vehicles because he creates significant value.

Basicend:
I have said this before and some clowns here were countering me.

Dangote will not at all have it rosy with Tinubu. I can say that again.

That refinery in Lagos was a Buhari and cohorts initiative. He cornered most of the FX in the country via Buhari and Emefiele approval. . His exchange rate often was even less than official rate. .

He can't survive now coz Tinubu will tackle him. . He, Tinubu is not in the caliphate caucus.

He had Tax waivers, COT waivers in most of his accts and was granted strange monopoly to milk Nigeria in some sectors. . He wont get those latitudes from Tinubu. .

Dangote was fronting for the power players in the north. He is one of the major reasons Nigeria has been destroyed to this measure.

Even BUA is breaking his spine in the cement industry now. . And other matters will begin to rise against him.

Tinubu gave him land to build in Lagos after he was denied land in Ondo .Why will Tinubu tackle something he is one of the brainchild and even lobbied dangote to come to lagos?

When you have a big business ,you can negotiate for Tax waivers with government,negotiate interest rates with banks and COT(I also pay zero COT in my business and nowhere near dangote),
Name one monopoly Dangote have.

You can't prove Dangote have any political affiliation,so I'll take this as beer parlour talk.

Dangote has a production capacity of 35MMTPA,BUA is yet to reach 17MMTA...So how can BUA break dangote's back in the cement industry?
Do you now see how baseless your accusations sound?

crossfm:
Hehehe.

The poor masses pay more in Nigeria,what an irony .

The market women are been taxed daily, driver and artisans are not left out.

Not only are they been taxed,but in most cases multiple taxes.

Let the poor breath indeed.

If Dangote shuts down just one of his plants in Nigeria, Can the poor or the market woman/women employ all of that Labour force that'll become jobless and add to Nigeria's burden or the forex crises it'll cause?
Doesn't he deserve more incentives than the poor?

ednut1:
airlines, institutional investors, importers of pharmaceuticals and other essential goods. Etc. are you fine now

So its airlines, FPIs, pharmaceuticals and finished essential products that own the $10B worth of backlogs CBN is trying to clear right?
Total FPI inflow since this year is just about $300m ,just to give you a little insight...

ednut1:
and who told you everyone sources FX from Cbn. How are importers of spare parts, electronics or even frozen food doing it 😒

You said manufacturing is dead in Nigeria,that everyone in the sector is leaving.
That's why I asked you who the CBN is trying to clear their backlog of FX demand?
I have no business with traders importing with medium scale capital as it's an almost insignificant segment of that market,even though their costings rapidly affect shelf prices of some items,but overall insignificant.

ednut1:
many manufacturing companies in Nigeria have packed up their machinery. They simply import and rebag

Many?
Then who are those having all the backlogs of fx the CBN is trying to clear?
Rebaggers or 40ft container traders?

ednut1:
Exchange rate will only get worse . Point 5 is nothing but a lie. Why will i import inputs then come face high cost of power, bad roads for logistics etc. i will simply import the finished goods which will kill local production

You already have machinery, structure on ground.
You just don't up and leave.

DonroxyII:
You Fvcked Up Bro!

You are Tapping a Smallie & You expect her not to come to you with her worries .... ... Where would she go ... N6500 No be N65000 nor N650,000 Not Even N6.5M ..... Agbaya ni e

When You Molest All of them Finish & Fvcked-Messed with their Brain Scatter Na same Una Go still Complain say "Nigerian Girls are Useless as If No be Una Useless Them" .....

Now, Na One Dude Wey No sabi Things go carry her package with her fvcked-Up Head only for her to Fvcked Him Up as Reprisal Attack against Your Fvck-Up ....

Take care of the Carrier of ya Pvssy Bro ... if you want real Game, Then Date Up Leave smallie for her mate ... She was with You because she believe you can help her solve 1 or 2 Things ...

Elepon Rubberlie

Because I say smallie don't mean she's a minor,I'm legally allowed to f her as I please cos she ain't no minor.
If you noticed,I said smally I am tapping and not dating,because I can't even date her.
I got disappointed by her for asking me of 6500 because I feel I shouldn't have anything to do with girls like her,reason I blocked her.
And yes,I date up.

You just don't chose a life partner because of superficial reasons,
You also pick a soldier like you who can carry on from where you stopped in case of any surprises.
Imagine this ffs!After toiling hard for years to build your life,you then die and some hungry looking scallywags come to your house and making peasantry offers like they're doing to some hoodlums just to chase clout.
I know whoever I'll marry will walk all of them out with their nonsense, do your condolence and leave and don't try rubbish in my house.
Na so one clown smally yesterday weh I dey try reason come dey text me say she need N6500 wtf!!
I just block am,I've got no business dealing with ladies that need 6500 at this point in my life,even though na small girl sha weh I just want dey tap by the side but still...All these loser girls that can't survive without man,tueh!

This happened in Germany,
So this white fucking toilet cleaner in Frankfurt airport was cleaning the toilet after every user that was on the queue(travellers will know how airport toilets have so much traffic),
Got to my turn,she didn't clean after the guy before me so that I'll use a dirty toilet(afterall I'm African),
I went in ,emptied all I had in my guts since i just finished smoking and didn't flush so that she'll come and clean the real deal after me lol.
As I dey commot,see person carry mop the pursue me lol,I ignore am waka go my way.
Make she go wash my big black shit,Idiot.

It's very hard to be Tinubu right now,everything seem to be falling apart.
But I know for sure we'd have a currency rebound soon,Nigeria is too robust and too needed to be allowed to fail in the grand scheme of things.

Gerrard59:


The poverty situation in Nigeria made it so. In prosperous countries where work plenty, the ladies don't exhibit such traits, at least in most of their lives.

I've been to a lot of places and trust me,it's a pattern.
You are saying work plenty, you think nursing ,care,warehouse,dental assistant,cubicle wonder and some basic skilled jobs are considered good jobs in those countries brackets?
A lot of women you've met there are just getting by hence has no reason to be arrogant.
Try and date the ones untop of their corporate game and come back.
Dey play.
Except the ones that are from very wealthy families and have had it soft from birth,you're likely to find similar behaviours to their naija counterparts.

Ibechris2:
Some are already angry be ause they married reckless poverty stricken liabilities.

No apology to that. This nairaland wey tribalist fool. Even if u write something wey make sense,if ur name no conform to their tribe,they will start talking like drunkards and even abusing u.

Whether they like it or not, there is no gain in marrying a liability.
It is simply a drawback.

Because you're still in survival mode,that's why you trade femininity for earning potential for fear of the unknown and expenses and livelihood support in the home.
When you get sure of your stand,you won't say this anymore ..
Survival race makes compromising situations look like prizes.

Gerrard59:
Well, as a hustling dude, I agree with that. However, as a made man, go for the lady without anything yet to her profile.

That is what Seatrade said o, not me. I am only spreading his gospel.

Its true.
There's many advantages and sweetness in marrying a woman that's a woman,not the ones that survival has made them become men!
Most ladies that are earning well have lost touch with their femininity which is what a man looks for in a woman,amongst other attributes.
This is why it's very hard to stay in longterm relationships with such women unless you bring yourself very low in you're in similar income brackets or you're way way higher than her in the food chain,which subconciously command her respect.
But then again,if you've attained such level,what are you doing with her in the first place?
Working women are for struggling men,Period.

Chief,creation of enterprise should be on you and not your wife,there's just a few women who can truly develop and run a profitable enterprise.
Let her chose her path according to what she can handle so she don't end up losing all at the end of the day.
No dey put woman prospect in your growth plans,it hardly ends well.

CaptainAyub:

After Lagos ,Abuja and I think PH,Owerri is the next busiest destination for air traffic

Kano should be busier than Owerri chief.
Go there and see wonders.
I think Etihad ,Qatarand Saudi Arabia dey land there sef,not to talk of local flights!
There's real business driving passenger traffic to Kano than Owerri,
Can't compete,difference is day and night.

onumadu:


PH is an international airport that connects people from outside Nigeria THROUGH LAGOS and ABUJA to PH.
That explains the 777. But the flights are not always available because they are international, which explains the "No flight" days.
Everybody knows that airlines don't schedule flights on routes that are not busy (i.e booked well).
But I can't wait for ABIA state to build its own airport. After that wind go blow and we go see fowl nyash.

Not exactly.
They use their 777 to fly the route because they get more traffic than what their A320s can handle ,so why not deploy the big plane to carry everybody at once?
I don't understand what you mean by PH is an international airport connecting people through Lagos and ABV?
An international traveller need not go through lagos to get to PH as final destination since Lufthansa ,Qatar,Airfrance and KLM all come to PH.

CaptainAyub:

After Lagos ,Abuja and I think PH,Owerri is the next busiest destination for air traffic

The guy was claiming Owerri was busier than PH,which is a lie.

Broveens42:



It is called quota theatrics; the bane of development in the amalgamated region.
Neither portharcourt airport nor Kano makes more money than Sam mbakwe airport annually, international or no international.

People who use airports regularly know this truth and are conversant with situations like these for their bookings:
Abuja to to Ph- no flight
Abuja to Owerri - ✓ owerri to Abuja
Lagos to Ph- no flight
Lagos to Owerri- ✓ owerri to Lagos

Going to Owerri is always available. I challenge any entity to disprove this fact

Flights to Owerri are always available because passengers to fill the planes no dey na,common sense.
PH routes don't have as much available flights because they've been fully booked and has left.
Airpeace uses its triple seven(777) to fly lagos to PH routes sometimes,
I dare them to do same for owerri

Reference:


Indeed. And as I have been saying for years. The health of the aviation sector is incumbent on the viability of the middle class. It is the middle class that travels not the rich or the poor.


That middle class was more or less lost in the 80' and ever since the aviation industry has become a meat grinder, chopping up and spitting out one brand after the other in short order including the national carrier and all attempts at reviving it.

It is simply the case of an economic structure that is not fit to support aviation as the causative and not the symptoms of unviable airports the man talks about.

If there's no market for air travel due to the absence of "middle class" in Nigeria like you said,
Then explain why airpeace keep buying new aircrafts almost daily?
They just ordered 5 brand new Embraer 175 today from Brazil to be supplied next year.
Not that people aren't flying ,just that some airports are located in places that have little no no economics driving air commute to those places,hence the airports become redundant with almost zero yield, dumping the cost of operation burden on FG.
Middle class in Nigeria has been growing sir,the evidence is all around you.
The problem is the distribution of the growth of the middle class across the entire area of Nigeria chief.

pocohantas:


No sane woman should do 50-50 finance with a Nigerian man in Nigeria. Not when she would have the kids and be left to tend to the home and submit.

I want follow you talk.

Beautiful city of Calabar.

Conics(can understand but didn't dedicate time to it).
Abstract maths(purely hates this one).

TreasureHunter:


What is the minimum amount a person needs to enter the business of supplying cocoa to these companies you listed assuming a person want to do it on an experimental basis so as to learn the ropes of the business?

Big companies have no business with experimenters,
They have plants to keep going and targets to meet,
30ton minimum at a go.

DrAkpamudehe:


There are more bulk tonnage in the west, but you need to know how to handle those western farmers. They need serious iron hands, because some of them collect money without delivering cocoa, giving stupid excuses that herdsmen invaded their farm, their mother is sick, their Pekin fell inside gutter, bla bla bla. The business is not a game for the faint hearted, because you will be dealing with diabolical thugs who call themselves farmers. Better, you test the waters with small capital and go from there.

In ikom, you will see many igbo farmers or familiar tribes u can relate with. There are many other companies that you can also register to supply. Olam, saro, Adebowale etc

Yeah I get your point.
Yeah I can understand how those interior people can be funny with money,
I'd prefer dealing with semi big players ,
People that can accumulate like 2-5 tons on their own and buy off from them .
Those local,desperado people will be the ones to come up with all those funny stories I guess.
I doubt if someone that can accumulate such volumes on their own will try to be funny with money ,don't you think?
And also safe to buy off from them since they'll already have the stock before you purchase?
But most likely I'd love to deal with terrains I understand sha.

DrAkpamudehe:


There is money in it, if you are doing high tonnage. That company you mentioned may have minimum tonnage requirements before you can be their supplier. During my time we started with 5 tonne which was 300 to 350k per tonne of naira value that year. In that amount, you will make 25k to 35k profit on each tonne. The prices have more than doubled now thanks to buhari who killed the naira. It is quite capital intensive now due to the fall of the naira. Just visit the company, and demand to see the procurements or purchases manager and discuss

Yeah I thought so too,they'll definitely have minimum tonnage which I'm not afraid of cos I can fund it easily.
However,na to source bulk tonnage go be wahala.

DrAkpamudehe:


I used to be a player 12 years ago. It's quite competitive in the west because you won't be the only one competing for supplies from the farmers. You are better off focusing on ikom and surroundings in cross river

I've always competed to sell,would love to see how competing to buy feels haha.
Money dey am?
For someone who have bulk funds to invest that is.

DrAkpamudehe:


You go and register with them as a local buying agent/supplier, and begin to source for farmers that can supply to you. There is cocoa in ikom, ondo, Edo(sabongida ora), osun, ogun, oyo. Advice you do at ikom except you understand and can converse in yoruba language, otherwise those farmers go use dead and faulty scales bankrupt you, apart from selling you wet cocoa. And you need to go and learn how to do quality analysis for cocoa, to determine which bags are wet, spoilt and unexportable, otherwise you will return back to your village in no time

I knew there were technicalities in it like I suspected.
Was just trying to get a clear picture,
I thought of weight cocoa ,faulty scales,then bad ones.
It is big business I can't lie but seem very technical.
How did you get this info if I may ask?
Experience?

emmaodet:


Register with NEPC... Nigeria Export Promotion Council.
That is where most importers lodge their import request and the NEPC post this offer on their platform to exporters with terms and conditions, price etc

Barry Callebaut is in Nigeria already,they handle a huge chunk of the exports.
Looking at possibilities to source and sell to them here in Nigeria so they handle the exports themselves,to diminish export risks.
Not interested in exporting.