omotola90:
@grupo... What's the zing mobile app like... Seriously considering vgif... At least it is safe

I just downloaded it. Haven't used it yet. So can't say much about it for now.

ahiboilandgas:
yes na even property can give u 8 percent m

So someone works hard for his money and has savings of let’s say N10m and is looking for passive investments just to preserve capital and make some returns and you expect them to go directly into the real sector where they have no experience and stake it all just to make above inflation returns that will only work for a small number of SME entrepreneurs in the real sector?

Or the person should take that money and go and buy rental property and die of heart attack because of omo onile and tenant wahala? How many average people are consistently cleaning out with solid(stress free) returns from property business/investments in the current economy? . So because it worked for some with some stroke of luck now means that it is guaranteed to work for everyone? People wey dey find passive investment o. And you are talking about peace of mind

Do you know how difficult farming is? Lots of people have lost millions of Naira in this segment of agriculture. Extremely challenging. And you expect people to take their life savings and retirement money and start farming?

Advising people to stake their life savings directly in the real sector where they have no experience is as good as asking them to invest in micro finance banks, forex and other risky investment schemes with unrealistic returns. It works for a few people but majority are losers. You don’t spend a life time working hard for your money and then dump your life savings and retirement money into any of these. A career businessman/entrepreneur is very different from an average risk averse investor o.

Lazyyouth4u:

So someone works hard for his money and has savings of let’s say N10m and is looking for passive investments just to preserve capital and make some returns and you expect them to go into the real sector and stake it all just to make above inflation returns that will only work for a small number of SME entrepreneurs in the real sector?

Or the person should take that money and go and buy rental property and die of heart attack because of omo onile and tenant wahala? How many average people are consistently cleaning out from property business in the current economy? . So because it worked for you with some stroke of luck now means that it is guaranteed to work for others?

Do you know how difficult farming is? Lots of people have lost millions of Naira in this segment of agriculture. Extremely challenging. And you expect people to take their life savings and retirement money and start farming?

Advising people to stake their life savings in the real sector where they have no experience is as good as asking them to invest in micro finance banks, forex and other risky investment schemes with unrealistic returns. It works for a few people but majority are losers. You don’t spend a life time working hard for your money and then dump your life savings and retirement money into any of these. A professional businessman/entrepreneur is very different from an average investor o.

The summary of what you have written is "different strokes for different folks".

In the business and Investment world few are called, fewer are chosen.

People should choose whatever suits their experience, exposure, education, temperament, capital and cash flow.


NB No matter how conservative one is, it won't be a bad idea to use 5% to 10% of ones fund to experiment something in the real sector

YoungDaNaval:
Location of your factory please

Abiodun Oloyede close, ASB bus stop, Okearo, Ogun state

For further info, Okearo is in Lagos-Ogun boundary axis. There are notable Lagos state government investment in okearo like power station, largest piggery farm

ubcandid:


LPG - which is either propane or butane, or a mix of them, is what we use as cooking gas in Nigeria. FG is advocating deployment of CNG (COMPRESSED NATURAL GAS) as a substitute for petrol in cars. CNG and LPG both have different properties and storage methods. They are not the same.

They are actually trying to encourage the use of LNG, CNG and LPG as substitutes. Their plan is for retail outlets to offer a full complement of gas products to motorists to choose from.

Lazyyouth4u:


They are actually trying to encourage the use of LNG, CNG and LPG as substitutes. Their plan is for retail outlets to offer a full complement of gas products to motorists to choose from.

Are the cars configured to use these kinds of energy commonplace in Nigeria or we'd have to reconfigure our petrol or diesel cars the our Benin City, Edo State brothers did (are doing) theirs?

Please some should enlighten me.

Good morning!

edoman2016:
Abiodun Oloyede close, ASB bus stop, Okearo, Ogun state

For further info, Okearo is in Lagos-Ogun boundary axis. There are notable Lagos state government investment in okearo like power station, largest piggery farm

How close is the factory from Ijebu ode ?

Phylife:


Are the cars configured to use these kinds of energy commonplace in Nigeria or we'd have to reconfigure our petrol or diesel cars the our Benin City, Edo State brothers did (are doing) theirs?

Please some should enlighten me.

Good morning!

The cars have to be converted to use both petrol and gas. The conversion is not cheap (costs between 500 dollars and 1,000 dollars per car or so) but the government says it will do it for free. Quite funny.

YoungDaNaval:
How close is the factory from Ijebu ode ?

i have never been to ijebu ode but from ota, it is 30 minutes

janga:



he just need to wrote his customers number in the “remark” of that bank transfer and his deposit will be credited same day, no need to send any evidence to account officer.

True.

Lazyyouth4u:

They are actually trying to encourage the use of LNG, CNG and LPG as substitutes. Their plan is for retail outlets to offer a full complement of gas products to motorists to choose from.

CNG is compressed NG. LNG wouldn't be available at filling station but CNG. CNG is a friendlier product to handle at filling stations.

ubcandid:


CNG is compressed NG. LNG wouldn't be available at filling station but CNG. CNG is a friendlier product to handle at filling stations.

ie,, CNG is less flammable than LNG?

This matter seems to have been treated in an earlier thread some years: https://www.nairaland.com/4480441/lagos-danfo-buses-now-use

ubcandid:


LPG - which is either propane or butane, or a mix of them, is what we use as cooking gas in Nigeria. FG is advocating deployment of CNG (COMPRESSED NATURAL GAS) as a substitute for petrol in cars. CNG and LPG both have different properties and storage methods. They are not the same.

See quote below

laudate:


LPG is not only used for cooking. Guy, both CNG and LPG can be used to power or fuel cars. It depends on the type of conversion kit, used in your vehicle. In Lagos, there are more stations selling LPG autogas, than CNG autogas. Secondly, it is easier to transport LPG autogas from the gas depot using gas haulage trucks, than it is to transport CNG autogas from a depot/CNG mother station to a retail station, using specialised cascades.

It is cheaper, and more environmentally friendly to run your cars on autogas than petrol. The conversion process, turns your vehicle into a dual-fuel one, which means you can either use petrol or gas to fuel the car. In times of fuel scarcity, this is always a good thing, because instead of queuing at petrol stations for ages, you can simply switch to gas and go on your way. For some conversion kits however, you still need to have a small quantity of petrol in your tank, before you can switch over to gas, in order to power your vehicle.

YoungDaNaval:
How close is the factory from Ijebu ode ?

some picture of our machinery. The juice extractor, the boiler, hydraulic press and bottling machine

Lazyyouth4u:

The cars have to be converted to use both petrol and gas. The conversion is not cheap (costs between 500 dollars and 1,000 dollars per car or so) but the government says it will do it for free. Quite funny.

That is like buying tokunbo
Bunch of jokers

YoungDaNaval:
How close is the factory from Ijebu ode ?

the diesel generator, water treatment plant and some packaging materials

YoungDaNaval:
Location of your factory please

We are 100℅ nafdac approved for orange juice and pineapple juice. We have test run and produce enough sampling. Which is great.

ubcandid:


CNG is compressed NG. LNG wouldn't be available at filling station but CNG. CNG is a friendlier product to handle at filling stations.

I know what CNG and LNG are. Just telling you what NNPC’s plans are. They say they will make available CNG, LNG and LPG. Are you in the CNG industry?

Bbbwings:

That is like buying tokunbo
Bunch of jokers

Government says it will pay for the conversions sha

Lazyyouth4u:
Government says it will pay for the conversions sha

Hope FG has not come to deceive and get us excited again as always?
Sit-down-look na dog name. We are watching!

Not only have they come to deceive us but has also come to destroy our car. Before giving them your car to tamper with, get a substitute

Lazyyouth4u:

I know what CNG and LNG are. Just telling you what NNPC’s plans are. They say they will make available CNG, LNG and LPG. Are you in the CNG industry?

B.sc Petroleum Engr

YoungDaNaval:
ie,, CNG is less flammable than LNG?

I was basing on the handling equipment's and cost. they're both highly flammable but their method of reception and storage differ for purposes; and CNG suits more for us in dispensing at filling stations.

Phylife:


Hope FG has not come to deceive and get us excited again as always?

Sit-down-look na dog name. We are watching!

Imagine how much will be made by some individuals in NNPC for this? Using a conservative 1k dollars per car and doing only 100,000 cars is USD100m. Not to talk of doing 1 million cars which will come to a whopping 1 billion dollars. Can they even afford it? Anyway, let’s see how they plan to execute this.

Last last, they may ask people to go and use their money to do the conversion. How many people can afford it? How many even have the clean cars that can take the conversion? How many will willingly carry their cars to do conversion sef? Naija people that can fear . We are not even talking about the challenges with leaks/explosions, storage, transportation and logistics for CNG, LNG and LPG.

I’m just sitting and smiling at people that think that ‘you can’t go wrong’ investing in this NNPC Autogas scheme . So Dangote that is staking all in the refinery na mad man . Well maybe he doesn’t care that much about the Naija market

ubcandid:


B.sc Petroleum Engr

Okay. Nice!

Lazyyouth4u:

Government says it will pay for the conversions sha

Ubcandid is correct you cannot use Lng in cars, you cannot use Lng for anything without regasification. Would you put a regasifier then a lng fuel tank with cooling and boil off unit in a car...

You wan deploy bombs on our roads, Cng and lpg are the only possibilities.

donguutti:

Uncandid is correct you cannot use Lng is cars, you cannot use Lng for anything without regasification. Would you put a regasifier then a lng fuel tank with cooling and boil off unit in a car...

You wan deploy bombs on our roads, Cng and lpg are the only possibilities.

I’m not disagreeing o. I said what NNPC plans are. CNG makes the most sense but NNPC says it will also have LNG and LPG. By the way, LNG is used for fueling heavy duty trucks in some European countries

Boss, what is the exchange rate today

More returns to our investments.