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How Lagos Turns ‘paupers’ Into Mega Millionaires - Business (5) - Nairaland

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Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Hassanmaye(m): 9:10pm On Jul 08
Snake001:


Hehehe

Your monicker means this?
grin grin
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Shikena(m): 9:11pm On Jul 08
Spot on!

June 1993, most Igbos were jumping in great fear on any available 911 truck heading towards Sagamu for safe passage to Upper Iweka hub. The few richer ones entered the luxurious buses. The fear fear behaviour was funny but not surprising grin

FreeStuffsNG:
Lagos was federal capital until it was abandoned to the Yoruba in 1993 after the June 12 election annulment and your oso Abiola campaign.

Many of you and your relatives were trooping out of Lagos State to your states. You left our state because you thought it was over for us.

We toiled extremely hard to overcome the adversities, filth, bomb blasts, OPC/Hausa wars, bar beach flooding, state-sponsored assassination of Yoruba leaders etc and we voted Asiwaju Tinubu to lead the recovery of our state. We learnt the hard way that if we don't use our head you will abandon us again so we started building our own ports, airports, bridges, hospitals, power plants etc

1 Like

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 9:11pm On Jul 08
Hassanmaye:

Hàha You are a bhad guy
That Guy you quoted, na insecure tribal east side Mumu, true Villager, oblivious to life of the city.

1 Like 1 Share

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by lagonovo: 9:13pm On Jul 08
Fast forward to 2024, paupers grew wings until the landlords showed them who the boss is.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 9:14pm On Jul 08
Shikena:
Spot on!

June 1993, most Igbos were jumping in great fear on any available 911 truck heading towards Sagamu for safe passage to Upper Iweka hub. The few richer ones entered the luxurious buses. The fear fear behaviour was funny but not surprising grin

Them dey runway, because they know say their bloda Arthur Nzeribe & em ABN done commit evil.

2 Likes 1 Share

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 9:16pm On Jul 08
Hassanmaye:

I don't agree, Igbos have take over Lagos businesses, almost all the major businesses and plazas are owned ɓy them, Yorubas are touts
Ungrateful Thing, na so you they address people wey accommodate you abi?

Because una rent 2 shops long term lease inside person plaza for Eko, no be say na u get the complex o.

1 Like 1 Share

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 9:22pm On Jul 08
DMerciful:
You belong to the old ways
Like your Anioma uncle Ifeanyi Okowa abi.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Zezco(m): 9:25pm On Jul 08
Good, I dey feel the oriki, you made my head to swell up.
RealityKings:
Eko Akete Ile Ogbon Eko Aromi sa legbe legbe Eko aro sese maja
Eko akete ilu okun alagbalugbu omi
Bi oju ko ba t’eyin igbeti,
(If the marshy areas are not disgraced)
Oju ko le ti eko
(Lagos can never be disgraced)

Eko Ile..

2 Likes 2 Shares

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by RealityKings: 9:26pm On Jul 08
Zezco:
Good, I dey feel the oriki, you made my head to swell up.
Yes oo

1 Like 1 Share

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by PHAYOL81: 9:37pm On Jul 08
Realtruth2023:


Oga give me a break you guys did nothing abeg Lagos is what it is because it was a former federal capital, there was nothing fantastic you did or anyone did there, If for anything you guys have degraded Lagos, at a time Lagos was for ahead of cities like Nairobi, Accra Dakar and other prominent cities in Africa, but right now can you confidently say that Lagos is ahead of these cities? the answer is No.
Please focus on your freestuff business and stop this show of deceit. I think you need to be gainfully employed not this nonsense you are doing.

NO thanks to your FG at the bolded. Check yoour fact right, Lagos was far ahead of those cities you mentioned because Lagos was being managed by the colonial government. The potential was enormous so Lagos was able to build most of the facilities you erroneously attribute to FG doings or OIL MONEY today, from telecommunication, to electricity to rail tracks, health institutions, education institutions, airport, seaport, undersea telecom cable, cinema, big markets and huge commercial capabilities etc as well as being an attractive destination for FDI and expatriates. All these and more were transferred to the NIGERIAN state at independent only to send everything to their initial bad condition. They were renamed to Nigerian and subsequently denigraded.
By the time, FCT left in 1999, a whooping percentage of FDI is gone, train service has collapse, the postal service was struggling, Nitel was barely alive, the previously booming ports were also struggling, our road infrastructure was bad, electricity and electrification were poor, the BRT system forgotten and the IGR meagre. If only you know this period and what remained of LAGOS state, you'll be thankful to two persons for her resurrection from gloom. Col. BUBA MARWA played a big role to uplift her physical look a bit but the fourth republic era, which current president of the nation, BOLA TINUBU championed did the rest turn around. Now you can go through IKOYI, V.I, LEKKI, BANANA ISLAND, and the prestigous EKO ATLANTIC CITY and marvel at the ongoing transformation and development. Give it time, Lagos will soon beat far behind all those cities you mentioned upthere, irrespective of the development their central government are investing into them. Give it a little time!

MODIFIED
The bolded 1999 in my submission was an unnoticed error. I meant to write 1991. Please, note this.

3 Likes 1 Share

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by johnjose68: 9:41pm On Jul 08
FreeStuffsNG:
Lagos State’s gross domestic product (GDP) is estimated at $137 billion – $145 billion. Forget whether it is fourth or fifth largest on the continent, pay attention to what that size means: Bigger than Kenya’s $113.4 billion econom, Ghana’s $74 billion GDP, and Ethiopia’s $127 billion economy.

Every serious business has its headquarters or at least a major branch in Lagos. Headquarters of all the major financial institutions from banks to insurance companies are in Lagos.

Whether you are a foreigner or Nigerian, I urge you to please bring your investments to Lagos State.
Your investments are safe and you're guaranteed of a working business environment with great returns on investment and the best investor-friendly experience in Nigeria and Africa.

Please join others already doing so.
Lagos is the right place to site your investments. You, your family and investments are safe in Lagos.

We overcame all the adversities of dilapidated/obsolete failed eyesore FG infrastructures, ghost town Lagos CBDs, filth, bomb blasts, OPC/Hausa wars, ravaging Atlantic Ocean, state sponsored assassination of Yoruba leaders etc when the rest of Nigeria abandoned Lagos for their Yoruba host after the annulment of June 12, 1993 and relocation of federal capital away from Lagos. They trooped en masse to their villages and states mocking us that it was over for us. Today, we are happy that we reveresd things in Lagos and it is no more Oso Abiola in Lagos, it's now reverse. Our state is now courted by same people and their descendants who mocked Lagos then. We and our parents did it! We are grateful to God and few other Nigerians and foreigners who stood by us during the low ebb period of our city. We are building our own Lagos state-owned state of the art world class ports, bridges, teaching hospitals, airports etc today.

If you are a non-Yoruba, when you relocate your investment to Lagos, my advice for you is to stay off the local Lagos Yoruba politics, do not go into illegitimate and criminal business, face your investments, give back to your Lagos host community in form of corporate social responsibility, do not destroy the environment, respect and live at peace with your Yoruba host and watch how Yorubaland will bless you , your family and investment with great returns far beyond your expectations!

This is the best time for you to relocate your investment to Lagos.
May God continue to bless Lagos State and Nigeria for ever! Check my signature for free stuffs!

Who want to invest in UGM i.pob states before

1 Like 1 Share

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 9:45pm On Jul 08
Realtruth2023:


Oga give me a break you guys did nothing abeg Lagos is what it is because it was a former federal capital, there was nothing fantastic you did or anyone did there, If for anything you guys have degraded Lagos, at a time Lagos was far ahead of cities like Nairobi, Accra Dakar and other prominent cities in Africa, but right now can you confidently say that Lagos is ahead of these cities? the answer is No.
Please focus on your freestuff business and stop this show of deceit. I think you need to be gainfully employed not this nonsense you are doing.
Please leave Eastern Nigeria, so that you can have the opportunity to expose your mind a bit.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Abagworo(m): 9:55pm On Jul 08
Realtruth2023:


Oga give me a break you guys did nothing abeg Lagos is what it is because it was a former federal capital, there was nothing fantastic you did or anyone did there, If for anything you guys have degraded Lagos, at a time Lagos was far ahead of cities like Nairobi, Accra Dakar and other prominent cities in Africa, but right now can you confidently say that Lagos is ahead of these cities? the answer is No.
Please focus on your freestuff business and stop this show of deceit. I think you need to be gainfully employed not this nonsense you are doing.

Abuja will sooon claim super power for sake of dumping our wealth there. To me the most resilient cities in Nigeria are Aba, Warri, Onitsha and probably Nnewi. You appreciate these places cause Government did little and they aren't State or Federal Capitals but yet wealth is created from the scratch through self effort.

1 Like

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by DMerciful(m): 9:58pm On Jul 08
I did not support Okowa 2023 even though we're from same place but supported Obi 100% and will support him in 2027.

Obi is a man of impeccable integrity
blacknp:
Like your Anioma uncle Ifeanyi Okowa abi.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by DMerciful(m): 10:01pm On Jul 08
You accuse my state of collecting Abuja money, I said I don't want...you are angry. You're confused
blacknp:
100% Resource control indeed, Mr Man please stop deceiving yourself, without Federal free allocation from oil Delta state cannot pay their workers you are telling me about resource control?

What happened to the money from palm-oil, rubber, cassava and other agro allied products of the big heart state exported for forex, not mentioning internal generated revenue from taxation, wetin una take the money do?
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Emzedz: 10:03pm On Jul 08
God punish tnubu for this rubbish..
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 10:11pm On Jul 08
DMerciful:
I did not support Okowa 2023 even though we're from same place but supported Obi 100% and will support him in 2027.

Obi is a man of impeccable integrity
It is your prerogative, Gringory Obi will never be president of The Federal Republic of Nigeria.

There is no political path to Aso Rock for Ndigbo until 2039, thanks again to the Apga Judas/Pdp runaway.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by blacknp(m): 10:14pm On Jul 08
DMerciful:
You accuse my state of collecting Abuja money, I said I don't want...you are angry. You're confused
Who are you, who cares what you want, or what u don’t want in the big heart state?

1 Like

Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by waice6571: 10:23pm On Jul 08
Zwooks:
Lies. No state manufactures poverty like Lagos

It depends on what you choose for yourself.... Just like choosing between God and satan.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by tunjijones(m): 10:38pm On Jul 08
Sapasenator:
The fact remains that he worked his butt off in order to succeed. Nothing was handed over to him on a platter of gold.

It is understandable that Lagos might have provided an enabling environment but Lagos did not make him rich.

There are millions of Lgosians who are living from hand to mouth for decades, why are they never rich or is their own Lagos different?

Sharap.. why didn't he go to aba. And he choose to come to Lagos from bayelsa state...
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Sapasenator: 10:44pm On Jul 08
tunjijones:


Sharap.. why didn't he go to aba. And he choose to come to Lagos from bayelsa state...

Pickin!
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by DMerciful(m): 11:16pm On Jul 08
Rest!!!
blacknp:
Who are you, who cares what you want, or what u don’t want in the big heart state?
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by DMerciful(m): 11:19pm On Jul 08
I don't hide under a group success! If I'm not succeeding and my group is succeeding, I'll leave.

You can hide under Yoruba presidency or Hausa-Fulani presidency, if it does not benefit you directly interms of basic amenities and strong economy to make you rich, you're watching a football match with your lives
blacknp:
It is your prerogative, Gringory Obi will never be president of The Federal Republic of Nigeria.

There is no political path to Aso Rock for Ndigbo until 2039, thanks again to the Apga Judas/Pdp runaway.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Bone147: 11:27pm On Jul 08
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Intergrated: 11:38pm On Jul 08
Lol tomorrow we would hear drugs inside baby diapers.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by DUNDEEmoderatos: 12:31am On Jul 09
Tochi3:
..online Lagosians.. grin grin grin
That is why you people are always left behind, everything to una na politics and insults.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by DUNDEEmoderatos: 12:36am On Jul 09
Sapasenator:
The fact remains that he worked his butt off in order to succeed. Nothing was handed over to him on a platter of gold.

It is understandable that Lagos might have provided an enabling environment but Lagos did not make him rich.

There are millions of Lgosians who are living from hand to mouth for decades, why are they never rich or is their own Lagos different?
Honestly only God knows the number of kids on this forum.
If Lagos provides enabling environment what else do you need?
Whoever told you everybody will be a millionaire in this life? Is being a millionaire a measure of wealth.
If you are living comfortably, taking care of your needs and family what else?
American for example is a land of opportunities yet there are still rich, average and poor people. Make una try to grow up!
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Sapasenator: 12:46am On Jul 09
DUNDEEmoderatos:

Honestly only God knows the number of kids on this forum.
If Lagos provides enabling environment what else do you need?
Whoever told you everybody will be a millionaire in this life? Is being a millionaire a measure of wealth.
If you are living comfortably, taking care of your needs and family what else?
American for example is a land of opportunities yet there are still rich, average and poor people. Make una try to grow up!

Calm down arugbo wey don grow up. Allow teenagers like us express our opinion in peace na.
The percentage of really successful people in Lagos will not be up to 8% of the Lagos population.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Mandem05: 3:24am On Jul 09
[/b]
FreeStuffsNG:
[b]Lagos State’s gross domestic product (GDP) is estimated at $137 billion – $145 billion. Forget whether it is fourth or fifth largest on the continent, pay attention to what that size means: Bigger than Kenya’s $113.4 billion econom, Ghana’s $74 billion GDP, and Ethiopia’s $127 billion economy.


Every serious business has its headquarters or at least a major branch in Lagos. Headquarters of all the major financial institutions from banks to insurance companies are in Lagos.

Whether you are a foreigner or Nigerian, I urge you to please bring your investments to Lagos State.
Your investments are safe and you're guaranteed of a working business environment with great returns on investment and the best investor-friendly experience in Nigeria and Africa.

Please join others already doing so.
Lagos is the right place to site your investments. You, your family and investments are safe in Lagos.

We overcame all the adversities of dilapidated/obsolete failed eyesore FG infrastructures, ghost town Lagos CBDs, filth, bomb blasts, OPC/Hausa wars, raging & ravaging Atlantic Ocean coastline, state sponsored assassination of Yoruba leaders etc when the rest of Nigeria abandoned Lagos for their Yoruba host after the annulment of June 12, 1993 and relocation of federal capital away from Lagos. They trooped en masse to their villages and states mocking us that it was over for us. Today, we are happy that we reveresd things in Lagos and it is no more Oso Abiola in Lagos, it's now reverse. Our state is now courted by same people and their descendants who mocked Lagos then. We and our parents did it! We are grateful to God and few other Nigerians and foreigners who stood by us during the low ebb period of our city. We are building our own Lagos state-owned state of the art world class ports, bridges, teaching hospitals, airports, stadia etc today.

If you are a non-Yoruba, when you relocate your investment to Lagos, my advice for you is to stay off the local Lagos Yoruba politics, do
not go into illegitimate and criminal business, face your investments, give back to your Lagos host community in form of corporate social responsibility, do not destroy the environment, respect and live at peace with your Yoruba host and watch how Yorubaland will bless you , your family and investment with great returns far beyond your expectations!

This is the best time for you to relocate your investment to Lagos.
May God continue to bless Lagos State and Nigeria for ever! Check my signature for free stuffs!
So basically what you are saying is that "if one is not a Yoruba person" we should bring our investment to Lagos state, but have absolutely no say on how the state is governed? Please we are trying to model our states and country as being free for ALL NIGERIANS. When you make statements like non-Yourba person, you are equally saying to the Niger Deltans that nobody should interfere in their local politics so what's the essence of Nigeria? Please let us work towards setting aside our tribal differences and be progressive for the best future outcome of our great country Nigeria.
Re: How Lagos Turns ‘paupers’ Into Mega Millionaires by Konquest: 5:19am On Jul 09
FreeStuffsNG:


Telecoms giants such as MTN, Airtel, Globacom are in Lagos. Investment banks, importers, exporters, maritime companies, big farmers, oil and gas companies, among others, are in Lagos.

The Nigerian Exchange Limited is in Lagos. Government regulators such as the Nigerian Ports Authority, and many others, are in Lagos.

Lagos has the highest concentration of small businesses in Nigeria, with about 8 percent share of over 40 million MSMEs. According to the National Bureau of Statistics (NBS) and the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) 2017 data, Lagos has 3.224 million small businesses.

Stable governance

Governance in Lagos has been stable. Only one political family of President Bola Tinubu has ruled the state from 1999 till today. From Tinubu himself to Babatunde Fashola, down to Akinwumi Ambode and Babajide Sanwo-Olu, all have been from the same political party.

Tax revenues have risen from N14.6 billion in 1999 to N651.2 billion in 2022. The state generated N400 billion in the first six months of 2023, the NBS said.

Investors are also betting on the state. Out of a total of N508.98 billion real sector investment made in Nigeria in 2017, Lagos received N235.61 billion, representing 46 percent, the highest in the country, according to data by the Manufacturers Association of Nigeria (MAN).

Of the N552.64 billion investment in 2018, Lagos welcomed N287.16 billion, representing 52 percent, highest in Nigeria. Also, of a total of N496 billion investment made in 2019, Lagos received N180.63 billion, representing 36 percent, the highest in the year.

“Stability has helped Lagos retain its masterplan and economic blueprint,” said Ifeanyi Okeleke, CEO of Kenfrancis Farms.

“It sends a positive signal to investors that things can’t suddenly[b][/b] turn upside down. However, it has also upended the opposition in the state.”

What drives Lagos

It is easier to identify why Lagos is working. A population of about 20 million is seen as a big market. Of all the 16 million international passengers airlifted in 2022, about 6.526 million, representing 40.3 per cent of the total passenger volume, passed through Murtala Mohammed Airport Lagos, said the Nigeria Civil Aviation Authority (NCAA). The seaports are in Lagos.

“The population of Lagos is huge and concentrated. If you are a city of ports, naturally, economic activities will increase. Also, Lagos is a coastal city, and coastal cities are a magnet because their position boosts economic activities,” Yusuf, earlier quoted, said.


https://businessday.ng/news/article/how-lagos-turns-paupers-into-mega-millionaires/

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