₦airaland Forum

Birniwa:
Not exactly, I think you quoted yours wrongly. This Wikipedia article says India's GDP Per Capita (PPP) is exactly $8,484 which I rounded up to $8,500.

Here's the link: https://en.m.wikipedia.org/wiki/India

Oh! Okay
I thought you were referring to nominal figures. At nominal figures, Nigeria with $2244 is a bit higher than India which is at $2199

Using the PPP figures you posted, India is rightly at $8500 while Nigeria is at $6100.

Birniwa:
About three economic factors come in mind, below they are:

1. Indian businesses pay 15% of VAT to government while Lebanon businesses pay 11% to their government. Nigerian VAT is very relaxed compared to these two countries considering the fact that we're still paying only 5% (at least before the implementation of the new policy) which on top, excludes many commodities and services.

2. A study shows that black people tend to patronize businesses owned by whites first before their very own. This is just a psychological trick which means Nigerians will most likely patronize a business owned by an Indian or Lebanese first before their fellow Nigerians. This of course favors them in more conversions and increases sales.

3. GDP Per Capita in India is about $8500 as of 2019 while in Lebanon it's $13,000 as of same 2019.
This same measure of GDP Per Capita is a paltry $2200 as of same current year n our dear country Nigeria. This should inform you of how wealthy an average citizen of these two countries is and why they can afford to profitably run business in Nigeria.

OK
Though India's GDP per capita figures you quoted are not accurate. As at 2019, India's GDP per capita is $2041. Less than Nigeria

While Nigerians are complaining about how difficult and frustrating it is to do business in Nigeria, the foreigners especially the Lebanese, Indians, Chinese and even the South Africans are rushing into Nigeria to do business and they've been extremely successful at it. Many of our most successful companies are owned and operated by them.

Even the few successful Nigerian owned companies are always managed by foreigners especially Indians. Globacom and Dangote Group are both managed by Indians.

What is their secret? Is there something they're doing that Nigerians aren't doing? They arrive the country in bathroom slippers, barely able to speak English, and then they turn to dollar millionaires in a few years.

Why do businesses run by Indians, Lebanese always do better than those run by Nigerians? Is it that Nigerians are bad at business and bad managers? Are Nigerians truly lazy (physically or mentally) compared to these foreigners?

Angelfrost:
Not even exactly the same... We actually had far more than these Arab nations.

The trillions made from crude oil in the last 50 years should guarantee Nigeria a financial world power, even catering to the needs of at least 2 other African Nations.

This is why I get very offended when people say our leaders are trying, when they fix roads or build lame structures.

I think it will be grossly unfair and immoral if any Nigerian politician, living or dead, fails to burn in Hell!!!

Keep quiet...... Which trillions of crude oil money?..... Does Nigeria pluck oil money from trees?

Don't compare Qatar and many oil producing Arab countries to Nigeria.

Qatar produces about 1 million barrels of oil daily and has a population of 2.2 million.

Kuwait produces 3 million barrels of oil daily and has a population of 4 million.

Saudi Arabia produces 12 million barrels daily and has a population of 30 million.

Nigeria on the other hand, produces just 2 million barrels of oil, but with a population of 200 million.

How can you compare them. For Nigeria's oil income to match that of Qatar, we'll need to produce at least 100 million barrels of oil daily (and current daily global oil production is 80 million barrels per day)

Let's call our in-house KGB agent Zoharariel for his take on this issue, coming to us live, all the way from Vladivostok

1- All Nigerians in South Africa should be evacuated and the Nigerian embassy in South Africa closed.

2- The South African ambassador in Nigeria should be expelled and the South African embassy here closed down.

3- Cut all diplomatic ties with South Africa

4- Place sanctions on all assets owned by South African citizens in Nigeria, especially shares owned by South African citizens. Shares owned by other citizens will not be touched, just those owned by South African citizens, so the companies will keep running. We should temporarily nationalize these assets by temporarily transferring their ownership to the Nigerian government. Every single kobo in Nigeria linked to South Africa should be temporarily seized by the Nigerian government. Repatriation of funds to South Africa should also be blocked.

5- Request for the South African president to travel down to Nigeria and apologize to Nigerians live on TV and pay compensations to all the Nigerian victims of the xenophobic attacks, to those who lost their properties and to the families of those who lost their lives, or else, the nationalization of South African assets will be made permanent. A one-month deadline should be given for this.

6- If no apology and no compensation is given by the deadline, all the assets temporarily seized will have their ownership transferred to the Nigerian government and then will be sold to Nigerians and anyone who is not South African. The money realized from this will be used to compensate the Nigerian victims for their losses in the xenophobic attacks. The shares can even be valued and used to compensate the victims directly.

This way, the victims get compensated, and we punish South Africa, without hurting our economy through job losses and capital loss which will happen if we outrightly shut down South African corporations. Instead, of shutting them down, let's seize them, sell them to Nigerians and non-South Africans and use the money to compensate the victims of xenophobia.

Enough is enough
How do we get this on FP

This is a matter of life and death for our fellow Nigerians in South Africa. Everyone should screenshot this and share it on nairaland, facebook, twitter, whatsapp, everywhere. Who knows, it just might get to the appropriate persons in power.

sonnie10:
I ton (20 of 50kg) of rice is $150 in Thailand and India
Dollar at 355; $150 is about 53k naira.
Meaning 20bags is 53k. Therefore one bag is #2650.

My question is, do Nigeria farmers use gold as fertilizer for for their own rice? With the huge difference in price, the temptation to continue to import is very high.

Will you keep quiet. Price of rice as at today is $416 per ton.

donparosky:
Every dealer buying oil from the mill has a trained keg specifically for measuring oil.
I don't want to go into details of training the kegs, that should be left for another day.
it is necessary cos most oil have dirts settled at the bottom of kegs after two days, so if u buy 25litres from the mill, you expect to have less after refining or boiling off the dirt. To curb this, you train your kegs to contain extra 4-5litres so this can compensate for the deficit.
Most sellers will ask for additional 100-200 if you measuring with your kegs.

Goodday Donparosky. May God bless you for the good work you're doing here.

Please, can you explain the procedure of training kegs to contain more oil

Good day everyone. Can anyone share tips on how to train kegs to contain more oil

larryking540:
bro capital punishment will work, fear go let an average 9ja man carry drugs go Saudi, when u kw ur head is at stake,? even when world bodies didn't buy their capital punishment idea,day didn't stop, but u dare not use drugs to pass that route, make day do d capital punishment and public persecution, we too day hide day judge case dat is y most civilians don't actually know d out come of the case in court,take Evans case for example can u really talk on how the case was concluded NO but they won't want u to kw, which in terms doesn't serve as a lesson to othere who would want to venture into such crimes ,

if the soldiers who help the latest kidnapper actually knows how Evans case played u think they will want to get involved in such crime or assisting a kidnapper? they wouldn't,
We Are Not Transparent In 9ja

God bless you for this wonderful piece. I support public capital and corporal punishment. Like play, like play, one day, they'll release that Evans

Opexzy:
10 yahoo boys... That they will give 6 months imprisonment... Nigeria is treating fraud with kids gloves... Until this guys start getting at least 10 years of jail term with hard labour...

I was telling a friend of mine yesterday that we need to rollback some laws in this country.... An average Nigerian mental and psychological make up is different from a European or an American or a Chinese or an Arab etc.... So we can't copy and paste some of there laws... govern a Chinese like an Arab there will be problem... If you govern an American like an African civil war might break out... If you govern Africans like Europeans lawlessness will abound....

Bring Bank Open Execution of offenders... Let's people see what will happen to them if they do the same thing... Enough of all this copy and paste of laws... This white men knows this but they won't tell us... Impose capital punishment on corruption cases...

God Bless Nigeria...

One of the best comments I've read on nairaland. Let capital punishment be brought back. And corporal punishment for some crimes too like its done in Singapore. And it should all be done in public.

Reminds me of Nick Young, his mum Eleanor, and Rachel Chu from Crazy Rich Asians.

I advice the OP to watch the movie, or get the book (authored by Kevin Kwan)

CotenantNIG:
Thanks for the advice,would look into it

AM grateful

It is I'm and not 'am'.
Haba

Jayslicky:
How does this relates to Nigeria, do people not slump and die in other countries, you guys just like to insult Nigeria at any given opportunity.

Don't mind them..... My prayer is that before the end of this week, they too will slump and die, in Jesus name..... Amen.

.

Johesu have started again...... Rubbish

It's no ones fault their childhood dreams to become medical doctors were crushed by jamb. If you want to become minister of health, no-one is stopping you, just purchase jamb form and apply for medicine.

If and only if you're hardworking, go for the bank job. If you're hardworking, dedicated and able to have a high performance rating, especially in marketing department, the sky will be your limit in the bank.

However, if you're like the typical Nigerian staff who prefers to sit in the office doing nothing but gisting with other staff, go for the government job.

All hail China

No wonder Trump and the US are jealous of China. From Huawei's 5G, to Oppo's under screen selfie camera yesterday, and now, new charging technology from Vivo.

NIGERIAN employees usually leave because they've finished stealing enough from their employer. Better to leave quickly than stay and get caught.

All hail Russia.

These are effective equipment, unlike the CNN, propaganda hyped American trash. I'm still trying to come to terms with how a $220M American drone which is promoted as the most advanced in the world, was spotted and shot down by outdated Iranian equipment.

Toluabigr8:
them full Ibadan no be only irokotv, I don see person wey collect 29naira(twenty nine naira) as salary after they porate their salary.....

What about the company I saw that paid N1 million as total salary in a month where they couldn't realise N100k.

Rubbish

When you went for the job interview, didn't you accept to work based on target. If the targets are too much, why not reject the job, or resign immediately. I know his type, lazy employees, they don't want targets so they can come and sit in the office all day, doing nothing but gossiping and gisting with other staff, and end up collecting full salary at the end of the month. The company won't get any income from them, but will be paying salaries it goes bankrupt and shuts down, and these lazy staff responsible will open their dirty, maggot infested mouths to say it's buhari's fault. If you don't meet target, how do you expect them to pay your salaries.

They think private firms are like government establishments that have money to waste around and useless, redundant staff like himself.

This is why most firms prefer to employ expartriates like the Indians. Unlike Nigerians that are lazy with the stupid mentality of "why should I kill myself here, it's not my father's business", foreigners have strong work ethic. A Nigerian will sit all day in the office doing nothing while the foreigner will prefer to be in the heat of the production area personally supervising. After Nigerians lazy around and do nothing, they'll now say "na where man dey work, na for their e dey chop, no e make them dey callam workshop" and start stealing the little money the company has. Chai.

If you don't understand yet, go and establish a marketing-intensive business. Hire Nigerians and put them on as big as a salary you want, without marketing targets tied to their salary. Watch and see how you'll go bankrupt. While you think their on the field marketing, they'll either be at home or using the time to run their own business.

I've seen firms go down because of this. They come back from Abroad, decide to start a business, after reading motivational books and seeing the style used for sensible staff abroad, they decide to use it for Nigerians and start pampering their staff. Before they know what hit them, they've closed down and their back to square one. The lucky ones will be able to get back on their feet after few decades. This time they've learnt their lesson, they'll treat Nigerians like they deserve to be treated, with an iron fist, and when they do this, business begins to boom.


He can insult the CEO all he likes, the fact is that he has achieved was him and his father couldn't dream of achieving, a media empire providing wonderful services for fans of the Nigerian movie industry, all over the world. Let him start his own business and employ staff and pay them as much as he wants without tieing their performance to salary and let's see if he'll last.

SAN FRANCISCO/WASHINGTON (Reuters) - Huawei’s American chip
suppliers, including Qualcomm and Intel, are quietly pressing the
U.S. government to ease its ban on sales to the Chinese tech giant,
even as Huawei itself avoids typical government lobbying, people
familiar with the situation said.

Executives from top U.S. chipmakers Intel and Xilinx Inc attended a
meeting in late May with the Commerce Department to discuss a
response to Huawei’s placement on the black list, one person said.
The ban bars U.S. suppliers from selling to Huawei, the world’s
largest telecommunications equipment company, without special
approval, because of what the government said were national
security issues.

Qualcomm has also pressed the Commerce Department over the
issue, four people said.

Chip makers argue that Huawei units selling products such as
smartphones and computer servers use commonly available parts
and are unlikely to present the same security concerns as the
Chinese technology firm’s 5G networking gear, according to three
people.

“This isn’t about helping Huawei. It’s about preventing harm to
American companies,” one of the people said.
Out of $70 billion that Huawei spent buying components in 2018,
some $11 billion went to U.S. firms including Qualcomm, Intel and
Micron Technology Inc.

Qualcomm, for example, wants to be able to continue shipping chips
to Huawei for common devices like phones and smart watches, a
person familiar with the company’s situation said.
The Semiconductor Industry Association (SIA), a trade group,
acknowledged it arranged consultations with the U.S. government on behalf of the companies to help them comply and brief officials on
the impact of the ban on the companies.
“For technologies that do not relate to national security, it seems they shouldn’t fall within the scope of the order. And we have conveyed this perspective to government,” said Jimmy Goodrich, vice president of global policy at SIA.

The ban came soon after the breakdown of talks to end the months-
long trade spat between China and the United States, spurred by
U.S. allegations of Chinese corporate espionage, intellectual property
theft and forced technology transfer.

Google, which sells hardware, software and technical services to
Huawei, has also advocated so it can keep selling to the company,
Huawei Chairman Liang Hua told reporters in China earlier this
month.

The online search company, a unit of Alphabet Inc, said in a
statement that it works with Commerce to ensure it is in compliance
with the new rules.

A Commerce Department representative said the agency “routinely
responds to inquiries from companies regarding the scope of
regulatory requirements,” adding that the conversations do not
“influence law enforcement actions.”

Intel, Xilinx and Qualcomm declined to comment. Huawei did not
respond to a request for comment.

In an interview in Mexico, Andrew Williamson, vice president of
Huawei’s public affairs, said the company had not asked anyone
specifically to lobby on its behalf.

“They’re doing it by their own desire because, for many of them,
Huawei is one of their major customers,” he said, adding that
chipmakers knew that cutting Huawei off could have “catastrophic”
consequences for them.

China watchers say U.S. suppliers are essentially trying to thread the
needle - not wanting to be seen as aiding an alleged spy, thief and
sanctions violator, but fearful of losing a good client and encouraging it to develop supplies elsewhere.

NO ONE LISTENING
Huawei itself, which is also a top smartphone maker, has done very
little traditional lobbying in Washington on the matter, but has
considered sending a letter to the Commerce Department, two
people familiar with Huawei’s thinking said.
“We simply have no channel of communication,” Liang told reporters
earlier this month.

A month after being blacklisted, Huawei has not spoken to the United
States government about the matter, two people said.

Huawei had been cutting back its lobbying efforts even before the
ban. Last year, it laid off five employees at its Washington office,
including its vice president of external affairs, and slashed lobbying
expenditures, Reuters reported.

Still, Huawei has put up a vigorous legal fight and unleashed a public
relations campaign to defend itself against the U.S. government’s
allegations. It ran a full-page ad in major U.S. newspapers in
February following a string of interviews with Huawei Chief Executive

Ren Zhengfei aimed at softening its dark image in the West.
Huawei’s response underscores its recognition of its waning influence with the Trump administration, which has launched a global campaign against the company, analysts said.
“Huawei is at a loss over what they should do next,” said Jim Lewis,
a cyber expert with Washington’s Center for Strategic and
International Studies. “It is in a really bad position in the U.S.
Nobody is looking out to do Huawei a favor.”

Even so, the ban has had real repercussions. Broadcom, which has not been lobbying the Commerce Department, sent a shockwave through the global chipmaking industry when it forecast that the U.S.-China trade tensions and the Huawei ban would knock $2 billion off its sales this year.

The Commerce Department did make a concession just days after the ban was put in place, announcing on May 20 that it would offer a
temporary general license allowing Huawei to purchase U.S. goods so it can help existing customers maintain the reliability of networks and equipments.

https://www.reuters.com/article/us-huawei-tech-usa-lobbying/u-s-chipmakers-quietly-lobby-to-ease-huawei-ban-sources-idUSKCN1TH0VA

courage54:
Asking for guarantors from employees before giving them employment is an old fashion way of doing business and if you most ask, the guarantors most meet some certain conditions and even made to sign and present a blank cheque especially for a liquid business like yours. But most importantly you need to put in place a good quality control measures.

Thanks a lot for this suggestion, especially the blank cheque. I'll implement that now

Ikanium:
Hello good evening sir. I would want to say employ me but we are discussing trust issue here so here are my humble opinion

Employ me, i can go to any state you will be sending goods to a day before delivery
Then i will get two police personnels for the sale period i believe 8000 - 10000 should be enough to settle them

Meet the sellers with the police men, they sell, they send the money to the company account right there. Work is done.

I move to the next state and do same.. This is risky for me but I'm willing to take that risk because i need to change my financial situation

Then you will pay me monthly

I can be reached via 090-16023-860 or wattsapp 081888-977-79

OK sir. I'll contact you soon to discuss more

SmartToyota:
How about the drivers? I think they can help you out. Did you personally employ them?

No. We use trucks and drivers at the public parks

Okonyeleo:
sir a need such job and am a graduate and experience marketer. as per stealing my G.O will sign for cos am a pastor. 07067004135 you will never regret employing me and I can help structure your business and cub the stealing

OK. I'll contact you.

Acidosis:

Over 65% of employees will steal if they see others do so without consequence (Source: CNN Stats).


Oga, you're too soft. Ensure those who have stolen from you are brought to book first. Place business on hold and put those criminals in jail. Trust me, many of those asking you to contact them off this page fall in the same category (66%) of those who would steal from you because they've seeing your weakness.

Put those criminals/and their guarantors (families) in jail, and no one else will steal a dime from you.

That's the first principle. We will talk about the second when you implement the first.

I'm still chasing the case. I intend to make an example of them. The case is with efcc and they were talking about interpol.

Please, I'll appreciate if you can say more on the second principle

Collins4u1:
So more than one truck leave at once.?

yes

xtivin:
Get POS, simple as ABC,

the market women don't use ATMs. They prefer cash and carry.

macphilip:
I think in this case, you can partner with your bank.
your business sales/turnover means you are a serious customer to any bank/microfinance bank

You can plan with your bank/account officer to arrange for a staff/cashier that would be
helping you to collect money at the point of transaction at the market where your goods are being sold.

Better still you can also partner with a reliable security company to have a security officer/personnel/policeman always
accompany your trucks & staff when they are going to make sales at the market place.

I don't think any of your staff would want to mess with your hard earned money when they see an unfriendly eye
monitoring their activities.

Thanks a lot. This is a very nice suggestion.