₦airaland Forum

youngbo$$:
You can start exporting our raw resources, can also do importation, auto sales e.t.c

UncleJJ: Have only seen 3 reasonable bizness here.

I will critisize and comment on what I"d prefrer - if I had such cash for investment.

First rule always protect your capital
Second rule do not invest in anything you dont understand.
Third rule, never frgt the first and second rules.

The kero biz has high profit but what happens in case of fire or legal issues. Cos am very sure that guy may not have the legal authority to run a kero biz . Also what measures will be put in place to ensure that you can pull out ur 2.5m on shrt notice.

So kero"s out.

Next is the imdustry , production of affordable cleaning agents and solvents. Issues, poor electricity, infrastructure, advertising e.t.c.... Too much headache. This business may be difficult to liquidate.

Then finally .. Export _ I prefer this because the market is not controlled by Nigeria"s economies. Prices are globally determined buyers are financially bouyant and there is guarantee of repeat business ... Which is a plus.. Credit facilities will be extended to you from the bank of industry.

Best of all you get paid in dollars, so your profits remain high as long as the dollar remains stable, though you have problems of taxes.which I hate bt I guess thats the price you pay for running a legit business.

Export business also allows you spare time, goods take about two to three months to reach destination.

I am not into the biz, just have high interest in it.

Fhemmmy: So the cleaner that is making like 15K Pounds are still paying taxes, and then, getting your money back at the end of the year is based on more factors, not just automatic . . . Besides, how many poor in Nigeria are paying taxes, a cleaner that is not even on the payroll? but just under the table?

afam4eva: Even if some of those Nigerians were asked to do the same job at mama Nkechi's buka at the same amount they earn abroad, they'll be feeling to big to do it.

Fhemmmy: That is more like it, and out of that, how much goes into taxes and bills . . .

info4bayempire: Corruption is a global menance.be it in united states of america,Nigeria any where in d globe.No country is left out.so no country should point accusing fingers to Nigeria only u can see an example of the french man.

skyp: please someone should help me with the cost of a tipper truck in germany

skyp: please someone should help me with the cost of a tipper truck

BUSH MAN: try exporting metal and copper, you will make a great deal of money, that how i made my own millions

idris4r83: FOREX

nthnymarce: Hi,

I will always advice people to come back home and invest. Local manufacturing pays in Nigeria. O boy consider local production,2million is more than enough to start one.

OK/2/NV:
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Aladinn: Shiite (shia) muslim is a sect that sprang out of Islam immediately after the death of the Prophet. They believe that the successor should always come out of the Prophet's family. (most shia muslims are found in iraq and iran).
The other sect is the sunni muslim (85% of muslims worldwide). They believe in choosing the most qualified as their leader.
The difference between the two sects is lies in their political ideaologies.

bennyraz: Include ur phone no now?

damilola15: It's one of the two major branches of islam, the other being Sunni.
Just try seeing it as catholics and protestants.