afrodoc2:


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.

afrodoc2:


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.

GloriousGbola:


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.

Theflint1:
He's running a not for profit business

afrodoc2:


philambatropist.

afrodoc2:


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.

Ihebu4chelsea:
Doc, Miracles still happen ... Stop seeing everything from the professional point of view!

Theflint1:
I get you, businesses can't survive leakages from so many fronts and stay profitable, but my point is, if thieves were ripping these businesses off since before 1999, we can pretty much call business theft a constant, and the variable will be the quality of governance that makes these businesses stay profitable despite theft, meaning the "real" cause of these businesses tanking isn't the theft, but the dip in the quality of governance.

Godstime001:
https://www.nairaland.com/8129295/fubara-swears-newly-appointed-lg-ctc itrsm

afrodoc2:


If BBL and boob job can be done with handkerchief or bedsheet, is that not a miracle?

We are saying the same thing!

Ihebu4chelsea:
Lol.......

Ihebu4chelsea:
Doc, Miracles still happen ... Stop seeing everything from the professional point of view!

Theflint1:
I get you, businesses can't survive leakages from so many fronts and stay profitable, but my point is, if thieves were ripping these businesses off since before 1999, we can pretty much call business theft a constant, and the variable will be the quality of governance that makes these businesses stay profitable despite theft, meaning the "real" cause of these businesses tanking isn't the theft, but the dip in the quality of governance.

izzou:


So how come Asians and Indians are thriving every single minute here?

Is it that the quality of governance no dey affect them?

OasisX:


....................Mí ó ni sọ ń kánkán. LOL!

GloriousGbola:


alienating everyone and anyone is in the core dna of the obidient

imagine the deranged audacity, disrespect and outright stupidity of calling obj a political prostitute and jobber

Theflint1:
I get you, businesses can't survive leakages from so many fronts and stay profitable, but my point is, if thieves were ripping these businesses off since before 1999, we can pretty much call business theft a constant, and the variable will be the quality of governance that makes these businesses stay profitable despite theft, meaning the "real" cause of these businesses tanking isn't the theft, but the dip in the quality of governance.

Theflint1:
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

afrodoc2:


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.

raumdeuter:


There were many companies we used to see growing up that disappeared without us realizing

For example this is an article about Michelin and Dunlop 2 mega tyre manufacturers who left Nigeria in 2007 and 2008, They have probably been replaced by China and Indian manufacturers now. The reasons those global European brand gave for leaving is similar to what companies are giving now

https://www.just-auto.com/news/france-michelin-ending-nigeria-tyre-making/

https://www.tirereview.com/dunlop-sweeps-out-of-nigeria/

The decision is said to be inspired by the persistence of power cuts, unreliable gas supply, a rise in manufacturing costs and inconsistent governmental tariffs, which allowed imported tyres to gain the upper hand in the domestic market.

GloriousGbola:


the other thing about asians - they may be paid more than nigerians, but they are paid less than westerners. and a lot of asian expats are much more conservative financially than westerners. you will see indian managers in tontolo kia moto. but every oyibo manager is in a late model suv.

and because they are coming from third world countries, they can give solutions that work in nigeria.

all this cng, lpg we are going on about - it is a mature technology in india and pakistan. but it is not adopted that much in western nations

BlueRayDick:


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 ?

liveLongNprospa:
I support bayo

izzou:


Exactly.

While the constant factor is the bad economy, one group has learnt to stay afloat by paying lesser, cutting costs and doing anything and everything to profit.

Unilever may be paying a factory worker 50k per month, while one Chinese company would be paying 28k (1k per day) per month.

And both of them will produce detergents to sell. Who go fit survive inside a bad economy?

Guinness and NBPlc usually purchase brand new Mitsubishi Pick up for their Sales personnel. Tolaram go buy one Chinese smaller toy for theirs.

Na only Asians & Nigerians fit survive for this kind place

GloriousGbola:
https://www.nairaland.com/8129105/western-multinationals-fleeing-nigeria-being
Also this

GloriousGbola:


alienating everyone and anyone is in the core dna of the obidient

imagine the deranged audacity, disrespect and outright stupidity of calling obj a political prostitute and jobber

raumdeuter:


Those western owned companies they feed staff during work. If you see the kain food you go chop for Chevron, Mobil Shell Total canteen even reach dem Dunlop Guiness Michelin omo you go get potbelly after 6months

Wetin concern Chinese employer if you never chop for 2yrs

Abi na staff club wey be like resort, Most of us have one parent or uncle who used to work in a Manufacturing company in the 80 and 90s and those companies have disappeared long ago without trace to be replaced by Lebanese Chinese and Indians

Segedinho:


Heaven is really far from ur bros.



What is this

raumdeuter:


Those western owned companies they feed staff during work. If you see the kain food you go chop for Chevron, Mobil Shell Total canteen even reach dem Dunlop Guiness Michelin omo you go get potbelly after 6months

Wetin concern Chinese employer if you never chop for 2yrs

Abi na staff club wey be like resort, Most of us have one parent or uncle who used to work in a Manufacturing company in the 80 and 90s and those companies have disappeared long ago without trace to be replaced by Lebanese Chinese and Indians