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Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1823937 Views)
EPL: Huddlesfield Town Vs Manchester City (full time) 1-2 / EPL: Weekend's Results, Updated Premier League Table And Top Scorers / EPL: Five Things We Learnt From The English Premier League This Weekend (2) (3) (4)
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Re: EPL Chatroom - All Discussions by reccy(m): 10:08pm On Jun 18 |
Re: EPL Chatroom - All Discussions by Amigoss: 10:21pm On Jun 18 |
Storm kwa, E jebi ti eh stay calm....Awon weyrey ![]() Una go soon sing YNWA as things dey go "At the end of the STORM,There is a GOLDEN sky..walk on with renewed hope in your heart..... Awon alawada ![]() 4 Likes |
Re: EPL Chatroom - All Discussions by Amigoss: 11:42pm On Jun 18 |
"When the stage is set",ok...3 more years to show workings not cho cho cho when people are screaming Ebin pawa.... 4 Likes |
Re: EPL Chatroom - All Discussions by Theflint1(m): 12:31am On Jun 19 |
Una bin talk say everywhere go don calm by night... https://twitter.com/Morris_Monye/status/1803208057243181357?t=wYpD5Dj6xE1zVRJeQ-5wfw&s=19 1 Like |
Re: EPL Chatroom - All Discussions by Ballzproblem2: 3:37am On Jun 19 |
We dey fight godfatherism for Rivers state this isn't just blind support for fubara na wetin simple minds no fit grasp wether fubara na competent or not wike no smell power for Rivers state, we're good. 😌 6 Likes
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Re: EPL Chatroom - All Discussions by BlueRayDick: 6:20am On Jun 19 |
DIAGEO, the United Kingdom-based owner of the iconic Guinness brand became the latest multinational to dilute its shareholding in a major outfit in Nigeria. This again points to the grave failings of the policy environment that have spooked multinational organisations with serious implications for new investments, employment, and the economy at large. Nigeria’s Worrisome Corporate Exodus - Punch Editorial https://www.nairaland.com/8129052/nigerias-worrisome-corporate-exodus-punch . I thought the argument has always been that we dont pay enough tax in Nigeria . Here is Dangote alleging he pays 52 per cent tax on every one Naira his company earns. Let’s not forget the multiple taxation we the common men face . At least we can see that it’s not because the foreign investors cannot compete that’s why they are leaving in droves . I mean ; in what investment friendly country will u be expected to pay 52 per cent tax , forced to provide your own electricity , forced to pay community development levies , face difficulties in repatriating profit in foreign currency, face security threat to ur expats , etc ? 4 Likes |
Re: EPL Chatroom - All Discussions by BlueRayDick: 6:28am On Jun 19 |
Ballzproblem2: Make una take am easy o, make dem no declare state of emergency for Rivers state o |
Re: EPL Chatroom - All Discussions by izzou(m): 8:01am On Jun 19 |
BlueRayDick: If you want to survive a Nigerian FMCG market, you have to be a Nigerian: What do i mean? Terrible work environment Cut corners Lobby and pay bribes Undepay staff Ati be be lo. Na why these big names go find am hard to adjust. No matter how they try to reduce their price, they cannot become like us. Na why Asians dey survive here. Quality product, but go and see the work conditions or salary, and you'll understand better. 5 Likes |
Re: EPL Chatroom - All Discussions by BlueRayDick: 8:21am On Jun 19 |
izzou: I know na, but u will agree with me that there's been a dangerous narrative being peddled around in recent weeks that those leaving simply becuase they can't compete with naija competitors. What our people fail to understand is that the so-called competition is to our detriment in the first place. How many Nigerian owned business will provide to their staff similar benefits which companies like Shell, Total, etc provide for their staff? Like u rightly posited, there is a limit to how they can adjust their price. Even the wages they pay their staff, it will take serious bribing of Trade unions for them to pay them below their standard in other parts of the world where they operate. All in all, Nigeria is really investment friendly to an ethical business investor who wants to play things by the rule of the book. |
Re: EPL Chatroom - All Discussions by izzou(m): 8:30am On Jun 19 |
BlueRayDick: There is clear difference in the benefits a Factory worker has in Nestle and another in Multi-pro (Tolaram). These guys have standards; Nigerian and Asian companies don't. 1 Like |
Re: EPL Chatroom - All Discussions by GloriousGbola: 8:40am On Jun 19 |
BlueRayDick: it is NIGERIANs first and foremost who create difficult environments for ethical investors the government plays a part, but nigerians play their part as well i saw a promising company that could have become an industry leader die and the oyibo investors pulled out because the CEO looted the company. they brought in one oyibo auditor like that, but they ran rings around the guy. if they had pulled out today not 4 years ago people would have been shouting tinubu when the reality is that the management looted the company until it was not viable those asians are mostly from corrupt third world countries and they know what to look for and where leakages are. and unfortunately, they have something so many of us here do not have - the common sense to understand that you can not loot your source of income/employment to death. we have seen nigerians from ceo level to front line worker level steal companies into oblivion. it is also why people like dangote have indians in their management. one of the reasons for high energy costs is internal fraud. try to deploy a proper system for measuring fuel consumption and you will experience resistance from different arms of the company. the IOCS have all pulled out of onshore oil exploration. we no longer hear about oil spills. is it because oil spills have stopped? or is it because the communities know that game will not work with thier fellow nigerians , particularly those who are sons of the soil. 4 Likes |
Re: EPL Chatroom - All Discussions by BlueRayDick: 8:58am On Jun 19 |
it is NIGERIANs first and foremost who create difficult environments for ethical investors Personally I still think the government is to blame for this. There's nowhere in the world where there's no corruption, it is the institutions in place that helps to checkmate the corrupt practices. If the company nabs a corrupt CEO/Member of senior management and our security agents actually assist in recovering every recoverable, won't it boost the confidence of foreign investors in our justice system ? one of the reasons for high energy costs is internal fraud. try to deploy a proper system for measuring fuel consumption and you will experience resistance from different arms of the company. Most multinationals have long moved past buying expensive diesel s source of energy. Most of them have invested in gas turbines to generate electricity. So I don't think employees stealing diesel is the reason they are expending high energy costs. There are so many other costs affecting the business; there's security on the highway, banditry , etc. |
Re: EPL Chatroom - All Discussions by LordAdam16: 9:00am On Jun 19 |
BlueRayDick: That argument only applies to personal income tax and related individual contributions. Our large companies pay the lion share of taxes in Nigeria. In 2020, PIT and CIT made up 11% and 35% respectively of our tax revenue. In the OECD, the numbers are 24% and 9%. It is easier to extract tax receipts from and levy penalties on the large companies than on the average Joe. -Lord 2 Likes |
Re: EPL Chatroom - All Discussions by seankafor(m): 9:05am On Jun 19 |
So 23 rivers state lawmakers went from trying impeaching fubara to now fighting for their seats in house of assembly ![]() What a flip switch situation ![]() 1 Like |
Re: EPL Chatroom - All Discussions by Ballzproblem2: 9:09am On Jun 19 |
BlueRayDick:e no go reach that level ![]() |
Re: EPL Chatroom - All Discussions by BlueRayDick: 9:18am On Jun 19 |
LordAdam16: That's becuase there are so many unofficial taxes that the government allows to flow into the hands of non-state actors. For example, for a normal 18 passenger bus that loads in a park in Lagos, the agbero's collect a cash equivalent of 4 passengers' fare from the driver. This cost will certainly be factored into the eventual fare all passengers pay. If the vehicle is going on an interstate journey, then be rest assured the driver will still have to settle security agents at different checkpoints. Looking at it on the surface it appears the common man who pays PIT has it easy, but when u look at other unofficial leakages that are tacitly supported by the government, then one would see a clearer picture. 1 Like |
Re: EPL Chatroom - All Discussions by GloriousGbola: 9:25am On Jun 19 |
BlueRayDick: the same way politicians are buying court judgment is the way businessmen buy court judgment or they die the matter. zenith and otedola are settling out of court. the case between innoson and gtb involved forged bill of lading - nothing came out of it. volpi of intels has been in a fight with the mgt of oando for the past 10 years. he has won in court everywhere, but nigeria. as you are talking, you have also seen the dorty business your own ogas have done ![]() ![]() edit now i remembered how i and older hands left. we were bought over by a MULTINATIONAL. we were supposed to be on easy street. they even dropped a 1million usd bonus for buying us. the ogas at the top shared the money among themselves. then they hid 20billion in debt during the purchase. then they used the 20b operating capital the new owners dropped to pay off the debt. when the owners found out they could not say what the debt paid off was. that was when the owners decided to cut their losses and sell off the company. now the company is 101% nigerian owned in the worst way possible. we provide services as consultants and it is sad seeing how far things have regressed. but like i said, na nigerians wey do am
you can only move to gas if you are along a gas pipeline not all large companies are sited along pipelines. lafarge is not along a pipeline. dangote is not along a pipeline either. 1 Like |
Re: EPL Chatroom - All Discussions by izzou(m): 9:25am On Jun 19 |
BlueRayDick: It is oh. Only the very few can afford turbines. And even at that, they still need diesel, especially if they are handling their distribution. Diesel mago-mago na serious business oh. If not that the subsidy on Kerosene was removed, we would have been the highest producer of adulterated diesel in the Universe and Multiverse. |
Re: EPL Chatroom - All Discussions by GloriousGbola: 9:32am On Jun 19 |
izzou: mix diesel with kerosene, mix it with kpofire, mix it with all mixables then the maintenace guys get called - pump is not sucking our product |
Re: EPL Chatroom - All Discussions by izzou(m): 9:33am On Jun 19 |
GloriousGbola: I tell you ![]() The moment subsidy on Kerosene was gone, there was wailing and gnashing of teeth amongst tanker drivers, petrol stations, and so many other Benefit boys from that system ![]() |
Re: EPL Chatroom - All Discussions by BlueRayDick: 9:44am On Jun 19 |
izzou: Well, that's why most companies have outsourced their distribution arm of business. Most of those manufacturing companies have long-stopped carrying their own products na. |
Re: EPL Chatroom - All Discussions by LordAdam16: 9:44am On Jun 19 |
BlueRayDick: Non-state actors also extract fees from the large companies. Yes, on top of that 52%, they also have obligations to the host community, security agencies, sub-national authorities, during transit, and what not. Nigerians would have to file taxes as well as be subjected to pedantic tax audits and arbitrary tax levies to understand what the large companies deal with. -Lord 2 Likes |
Re: EPL Chatroom - All Discussions by izzou(m): 10:00am On Jun 19 |
BlueRayDick: This hasn't exonerated the companies from bearing the brunt on Diesel price fluctuations or mago-mago. If the price of Diesel changes by 10 naira today, dem go change their rates If people in their own system are chopping anyhow, they transfer the price change to their customers. IHS that is powering MTN sites will always run back to MTN to change price, even though their staff dey sell the diesel (I'm assuming) And besides, not "Most" have outsourced. Dangote still carries his product. Flour mills still carry their product. Even Ardova and the big fuel guys carry their own by themselves. Its a cycle that no matter how you shift back, it has a way of coming back to you. |
Re: EPL Chatroom - All Discussions by Amoto94(m): 10:02am On Jun 19 |
Oga Blueray no wan gree sey employees excesses contribute hugely to the collapse of many businesses, one I hope you don't come to the realization through lived experience. More than 20years ago I know some people who were working as truck drivers for a construction company who used to sell off the diesel and leave little or nothing inside the fuel tank, they do this virtually everyday pl 2 Likes |
Re: EPL Chatroom - All Discussions by GloriousGbola: 10:03am On Jun 19 |
izzou: We have an ihs mast renting space from us in one of our sites. One day during an upgrade project we saw the site security man selling diesel for the generator. |
Re: EPL Chatroom - All Discussions by izzou(m): 10:25am On Jun 19 |
GloriousGbola: IHS go transfer that cost to the Telco! Directly or indirectly, Diesel theft consequence dey touch person wey outsource |
Re: EPL Chatroom - All Discussions by Theflint1(m): 11:34am On Jun 19 |
At what point in time did Nigerians pickup this habit of theft? I want to imagine cases of theft have been in existence since forever, yet these businesses weren't going under at the rate we're seeing today. Or is it that we expect that as the economy is tanking, the thieves will grow a conscience and go make I pity my Oga business and not steal like I used to ![]() ![]() ![]() |
Re: EPL Chatroom - All Discussions by afrodoc2: 11:34am On Jun 19 |
Re: EPL Chatroom - All Discussions by Theflint1(m): 11:36am On Jun 19 |
afrodoc2:If you're someone that believes in blind faith as espoused by Christianity, this is nothing really. Those early 2000s wey crusades still dey reign, all this one na normal thing. |
Re: EPL Chatroom - All Discussions by GloriousGbola: 11:41am On Jun 19 |
Theflint1: You run a business so you actually know how it goes. There are all sorts of leakages where you can still be profitable as long as money is coming in. If you have a dip in your cash flow, those leakages will become serious problems The company I was referencing was getting regular inflows from their foreign partners. Then one day The partners said - we invested in Kenya and Nigeria at the same time. The Kenya operation is how self sufficient, while the Nigerian operation is not. They stopped investing and that was the end. The company could not sustain itself because the operating capital had been looted A business can survive an economic downturn or internal leakages. But very few can survive both. 1 Like |
Re: EPL Chatroom - All Discussions by afrodoc2: 11:46am On Jun 19 |
Theflint1: If he can use ordinary handkerchief to grow breast in 2 weeks imagine the quality of BBL and boob job possible with bedsheet and 1 month germination period. 4 Likes 1 Share |
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