GloriousGbola:



Calling all the big bobby opor chicks

I am pastor glorious g
And the lord told me you have cancer

Come to my chambers immediately for full ministration and penetration of the cancer demon.

I am here to purge the monster.

OasisX:


....Itsrm, I choose not to speak coz if I do, I will be in trouble. LOL!

BlueRayDick:


Ah! Scientific calculator 8k keh ? As in normal Casio ? Not the one Texas instrument calculator those writing CFA use ?

Around 2019 or thereabouts when I was to write an exam I asked someone to help me get that same Casio calculator which he did and collected 2,500 from me. I thought he actually added to the cost but I got he earned it sha cos I needed it badly that day .

Na wa o. U sure say education never expensive pass ignorance like this ?

BlueRayDick:


U are missing the point .

Big conglomerates like Dangote have international engineering companies they patronize for equipment and parts . They don’t call Okey Japan or Ndubest Technical services to get their parts for them. They have a procurement department whose job is to negotiate terms and see through the procurement process with these international engineering firms . They have a trade finance team who will see through the opening of form M’s with CBN and facilitate the payment for these items. There’s control to these things . Some of these equipment even require the manufacturers to send experts down to Nigeria for installation. I know these things .

Dangote has set up Dangote Cement factory , Dangote Sugar, Dangote Flour , etc in the past . He even set commissioned the largest Feetlizer plant in Nigeria as recent as 2022 which I believe was commissioned at the set date .

I am not buying the story that Dangote refinery did not meet the set date for commencement of operation because of staff suppying substandard equipment . I may agree with other reasons

izzou:


They do, sir!

As long as you can meet the product and the specification they ask you, yes, you can.

izzou:


They do, sir!

As long as you can meet the product and the specification they ask you, yes, you can.

GloriousGbola:


leave blueray - he is talking from boardroom. we re talking from the trenches

BlueRayDick:


To buy critical equipment parts for refinery ? Things that are not even made in Nigeria ?

There are even some items that that when they order for them it will take over a yet to get shipped cos the manufacturer will have to start making them.

When I say they don’t call okey Japan and Ndubest, I mean they don’t call them to order through them cos it will cost the company more money doing so cos those ones will also import it and they will add profit margin .

I was talking about critical equipment and parts . This is not made-up stuff , it is something I have info on.

OVA200:

Baba let me chip in on the farm stuff.

I decided to farm this year; the cost of farming now is absolutely neck bending, I went in with the intention of cultivating 10 acres of land, when I see the cost I reduced it to 5 and that 5 have consumed 500k and counting.

The locals there were seriously struggling, some even have to abandon farming and went to biking (okada) because they can't afford the cost of farming.
Just one sachet of altracine is now 11k.

All those people you saw want to farm but can't afford the cost.

This country is gone to the dog.

BlueRayDick:


Looking back now and having a deeper understanding of the multifaceted challenge manufacturers face in this country, I think the promise of presidential candidates in the last election ( especially Peter Obi ) to make the country move from being import dependent is actually political talks and lamba . It’s not something any president will be able to do in 8 years .

Successive governments (particularly the military ) killed the manufacturing industry and made it quite difficult to do business at a reasonable margin. I remember the late 90’s and early 2000’s when the Ilupeju industrial estate was still buzzing . When we go to see our relatives around that Onipanu side , I always see all those Empee , textile companies and all when we pass through ilupeju from Oshodi.

I think the successive military government laid the foundation to 4ck the manufacturing sector and the civilian government that came after them were too busy basking in the euphoria of self government to bother about revitalizing the sector with forward thinking policies. They just focused on the easy way out (importing ) , while paying lip service to revitalizing the sector

izzou:


Firstly, these companies work through Bidding. They have a set amount for a particular item. So, if you like, put all your financial problems on the quote, na that amount wey dem set dem go pay

Secondly, The reason they will patronize Okey and Sons is because he can actually have it and supply it in 3 days. Ordering from abroad may take weeks to come. So, they rather settle for who has it and can deliver now (not forgetting they already have a set budget for it)

Thirdly, I never see refinery parts before. I am just responding to your quote on if they patronize local sellers, and yes, Chevron, Shell, NLNG, all have their own Okeyson and Bros as vendors.

I no sabi refinery parts.

BlueRayDick:


If u check the initial post I responded to; it was about the claim that Dangote refinery employees supplied substandard parts that’s why the refinery couldn’t start on the scheduled date.

I disagreed with the post because for starters I know when u want to set-up multi billion dollar facility in the oil and gas industry , u get ur funding from consortium of lenders .( mostly international and few local banks )

These lenders would draw up a common term agreement that will specify how u will go about the construction , it will name the international enginerring consultants of repute to handle the job, how u are to procure equipments and parts, the estimated start-up date, the insurances u are to take on the project from inception till start-up date, etc. Like everything will be written in black and white . The project won’t even commence if this is not signed by all parties .

The lenders will have a trustee appointed who will have ensure the terms agreed are strictly adhered to throughout the life span of the project . It’s not like u will say u want to do something out of line.

The borrower knows what is at stake and will put in place checks to ensure their employees don’t 4ck things up so they don’t lose funding cos the lender can pull out when such happens .

When the project is completed and after some years u pay down on ur facility , u can decide to run the business however u deem fit. U can decide to start buying substandard parts if to cut cost in the short run. But as long as u are still answerable to the lenders , u won’t let ur employees 4ck things up for u

izzou:


No wonder!!

I saw a lot of fallow land there. Yet, cassava and garri wasn't cheap.

The woman that fries garri in the village was selling at 3,000 a Paint. I come dey wonder wetin be the difference if i buy from there than the city.

Na famine we dey face like this!

OVA200:
Before I go into farming
When ramdeuter and co that are not base in the country are busy spilling gibberish before and I see some that are in the country agreeing with them I shook my head.

OVA200:
Before I go into farming I did not understand but now I do.
Just this morning, I was told the price of clearing and making yam ridges on half acres of land I burst out laughing and told the person to not bother again.
80k for clearing and 140k for ridges.
As I dey like this my eyes almost peel.

We are playing with famine and that is a way bigger problem than the ones we are currently battling.

I cannot even involve God in our predicament because it's the consequence of our deliberate action.

When raumdeuter and co that are not base in the country are busy spilling gibberish before election and I see some people that are in the country agreeing with them I shook my head.

Now who dey feel the burn.

raumdeuter:


Examples of what I posted that you think is gibberish

OVA200:
Egbon I don't have time for your merry-go-round argument but what everyone here know is that the current shamble of a government is your candidate.

I no get money to come obodo yinbo lemme just face the economic hardship head on and stay away from argument that won't profer any solution.

Till next time Egbon.

izzou:


80k for first clearing?

Subsequent ones never dey. Omoh!

How much you go sell the yam when e mature?

izzou:


80k for first clearing?

Subsequent ones never dey. Omoh!

How much you go sell the yam when e mature?

Itsrm:


The 80k is for clearing 5 acres? Seems fair if not cheap.

Itsrm:


The 80k is for clearing 5 acres? Seems fair if not cheap.

OVA200:
Read again baba.

Half acre of land.

izzou:


Just the initial one

You go still weed like 5 more times before harvest.

That's almost 200k only for that.

Itsrm:


Looks like the best thing to do is be the farm worker and clear the land seeing as you'll make more money than the farmer himself

I tell you

raumdeuter:


Examples of what I posted that you think is gibberish

Itsrm:


Okay. In your initial post you said you reduced 10 acres to 5.

80k to clear 3 plots of lands? Looks like I'm doing the wrong job

raumdeuter:


Na for Oba Akran road I do my IT in 2001, I saw the number of companies in that axis and the number of workers they employ. I hear say most of those companies have folded some sold to churches, all the manufacturing gone and replaced with imports all the employment gone and replaced with yahoo yahoo, Okada riders and crime

Itsrm:


Looks like the best thing to do is be the farm worker and clear the land seeing as you'll make more money than the farmer himself

BlueRayDick:


Yes o, churches just keep springing up in those areas occupying the same buildings factories and companies used to occupy .

The same thing with that Ilupeju axis too.

OVA200:

Baba let me chip in on the farm stuff.

I decided to farm this year; the cost of farming now is absolutely neck bending, I went in with the intention of cultivating 10 acres of land, when I see the cost I reduced it to 5 and that 5 have consumed 500k and counting.

The locals there were seriously struggling, some even have to abandon farming and went to biking (okada) because they can't afford the cost of farming.
Just one sachet of altracine is now 11k.

All those people you saw want to farm but can't afford the cost.

This country is gone to the dog.

Itsrm:


Okay. In your initial post you said you reduced 10 acres to 5.

80k to clear 3 plots of lands? Looks like I'm doing the wrong job