Re: 5 Things You May Not Know About Nigeria - Ali Baba by jomoh: 7:29pm On Nov 02, 2015 |
magneto:
Oh no, u didn't just say dat! Are u for real?? Do u even know wat it means to have the largest market in africa? Do u realize d myriad opportunities for investment in dis country dat is music to the ears of any savvy investor? And u refer to Nigeria as a "bad product"? #smh
FYI I'm not suggesting dat we deny d corruption dat has eaten deep into our economy. But PDP is no more in power for crying out loud! PMB shuld stop making noise abt d problems dat are being worked on and focus on keeping the economy from falling apart meanwhile, which is even more important. Broadcasting to the world dat our country is broke and corrupt WILL NOT inspire confidence for much needed foreign investment. It will only inspire pity at best, then disdain subsequently. Any wise foreign investor would never put his hard currency into an economy dat is unsteady. Moreso when its coming from d mouth of the president! By the term product you obviously confused the potential of Nigeria to the reality at hand. You see. All these things you said Nigeria has, do you think the investors don't know? Do you think they don't know that we have everything that can be used to generate electricity (wind, gas, nuclear, solar, hydro)? Do you think they don't know we have one of the best lands for agriculture in the world? Do you think they don't know we have the population to make profit for them? You see. Potentially, Nigeria is a very good market. The oil, the population, the land etc but the reality is that corruption has made the potential unachievable. Nigeria has always had the land, the oil, and the population but what has been keeping the real investors from coming? Corruption. What chased Richard Branson (Virgin Atlantic) out of Nigeria? Corruption. What chased the CEO of Econet out of Nigeria? Corruption. What made Cardbury to relocate its head office to ghana? Power sector corruption. That is a word that can never be over emphasised on. People tend to undermine the influence of corruption. Corruption is a disease no matter how rich you are no matter how much make up you wear, you cannot hide it from manifesting. You see. No matter how good your market is, corruption will ultimately make your market useless. It is what ultimately killed GEJs government and the past government. With all his "good moves and intentions". No matter how good your objectives are or how passionate you and your cabinet members are, if corruption is not killed, it will kill your objectives and passion. You said it won't inspire confidence. How? Like I said in my previous comment, what Buhari is doing called taking responsibility. Telling the world that ok, this is our situation and this is what we are doing to arrest it. E.g. Indian PM: My country projected an investment of about $12billion crude oil deal with your country in time past but due to some bottle necks we could not go through with it. PMB: Like you all know corruption is a big issue in my country. { Indentification of the problem } This could have contributed to what prevented your country (India) from being able to complete the $12billion investment projection in our oil sector but my administration has vowed never to stop until we end corruption. We will only be needing your assistance in the repatriation of stolen funds that could be domiciled in your economy. { Intention } This will enable our country to try and subsequently convict corrupt officials.{ Solution to the problem } By then, your country would be free to do business with ours without fear of corrupt officials sabotaging the deals. { Rebranding }These are the things that inspire confidence in investors. That they know the head knows exactly what is the country's problem and that he is working towards changing it. Apart from these, I don't know what else you want him to do. Go abroad and start telling them about how each ministries work? Or what exactly. 1 Like 1 Share |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by zikmarty: 8:26pm On Nov 02, 2015 |
does money have a plural,as in 'monies' |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by 989900: 8:29pm On Nov 02, 2015 |
The irony of all these is that, the same people know our story welllllaaa -- who are we trying to pose for?
There was a time some mofos were flying 8 jets in convoy to Canberra, Nairobi, New York, J'bourg, and where have you? |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by 989900: 8:31pm On Nov 02, 2015 |
zikmarty: does money have a plural,as in 'monies' Yes. #context |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by dwesternmall: 8:54pm On Nov 02, 2015 |
Westernmall Nigeria Ltd is hiring. Westernmall Nigeria Ltd is an online store looking to take over the Nigerian market and offer customers better options in terms of shopping. We are presently recruting field sales representatives (Genies)... The Starting pay is 40k and attracts handsome commissions for more sales(more details later) Our office is at Alausa shopping mall, Obafemi Awolowo way, ikeja. Lagos. Thus you must be Lagos based to work with us as you will report to the office on a daily/weekly basis. interested candidates should send their CV's to Careers@westernmall.co.uk and make the Subject of the email: GENIE!!! or http://www.westernmall.co.uk/Home/CareersMore details will be provided to you via email Tell a friend. Regards Westernmall |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by McPhilz8(m): 9:03pm On Nov 02, 2015 |
Nicolars: Hmm...
I tynk d statistics is not dat bad
Mehn... D girl above me spoilt my show
I 4 be FTC nw
Good for you sha |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by McPhilz8(m): 9:03pm On Nov 02, 2015 |
Nicolars: Hmm...
I tynk d statistics is not dat bad
Mehn... D girl above me spoilt my show
I 4 be FTC nw
Good for you sha |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by Nobody: 9:41pm On Nov 02, 2015 |
6. The country with the dirtiest environment on the planet! |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by zanga420: 10:08pm On Nov 02, 2015 |
MadCow1: Nigeria has been broke for a very long time.
Signs of a Good Economy
Employment: 85% of Nairalanders are unemployed.
Stable Power: Generators are still one of the fastest selling commodity in Nigeria.
Security: When last have you felt safe in Nigeria? If in doubt about our security, look at the number of escorts the following types of people move with;
1. Expatriates
2. Government officials,
3. Even the Police and Army chiefs all need heavily armed security,
4. The rich and well to do.
Even Militants sef dey need security once them blow.. Even Abu Shekau needs security.
Good Road Network: As we speak, Port Harcourt has been cut off from Owerri.. Onitsha would soon be cut off from Owerri as well. As Soon as Abia cuts off from Owerri too, Biafra can claim independence in Imo State as the only way to reach the State would be by Air.
Productivity.. We are a consumer Nation.
Go to the Ports, The Ships that come into Nigeria are full of Containers, when they leave, they are almost empty. We are a Nation that produces Oil but Imports petroleum by-products.
Corruption.. This is a Nation where 20 Billion dollars just buy leg stroll, we lock up do like say Odeshi.. Meanwhile we had to borrow 1billion Dollars to buy arms to fight Boko Haram.
Instability.. The Niger Delta keeps boiling with the ever present threat of erupting. We are still paying militants not to militate in the Niger Delta. That matter is far from settled. Meanwhile Boko Haram are killing men, plundering villages, kidnapping and raping girls and buring down villages in the North daily. In the East, the clamour for Biafra is still strong. The Fulani Herdsmen and still wrecking havoc across stateliness, e.t.c. Political Thuggery is still rife in our democracy, e.t.c.
Education.. Nigeria today is filled with a lot of half baked graduates and our public schools are filled with unqualified and illiterate teachers. Today in Nigeria, quality Education costs way way way more than it ever did in history. The future isn't looking too bright on that front. Many of the Graduates you see coming out of school cant even properly fill out an application form without assistance.
Healthcare.. India is one of the worlds biggest Health tourism desitination in the world and Nigeria is one of its biggest market. A friend who went to get a Visa to India said its easy to mistake the Indian Embassy waiting room for a Hospital emergency room as most of the appicants are literally hanging on to life by the hair of their chinny chin chin.
Look at Akpabio who built a world class hospital in Uyo and commissioned it at a large party. Yet when was involved in an auto accident in Abuja, he rather flew 6 Hours + to London to get treated than fly 45 Mins to his Worldclass facility.
Friendly Business Climate: Lol.. Try to buy land, Omo nile dey wait you. Try to start cab business, NURTW go run you down. Try to enter Tanker business, NUPENG go run you down. Try to open store, government agencies from Environmental to health to name it go use stickers and levies run you down, meanwhile na you go still thruway your dustbin, provide your light, provide your water, still pay bills on top join, pay federal, state and local government tax, pay vigilante levy, pay Alaye levy, Agbero dey their own dey wait you.
The list too plenty. The truth is that we are definitely broke. That's why we keep borrowing money from the IMF and Worldbank and China on a regular.
The truth is that there is actually nothing to suggest that Nigeria is actuallya rich nation apart from the fact that we are an oil Producing Nation and that isn't enough to make us rich unfortunately.. you're damn good in presenting points. Kudos |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by Divepen1(m): 2:06am On Nov 03, 2015 |
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Re: 5 Things You May Not Know About Nigeria - Ali Baba by magneto(m): 5:33am On Nov 03, 2015 |
jomoh:
By the term product you obviously confused the potential of Nigeria to the reality at hand.
You see. All these things you said Nigeria has, do you think the investors don't know?
Do you think they don't know that we have everything that can be used to generate electricity (wind, gas, nuclear, solar, hydro)?
Do you think they don't know we have one of the best lands for agriculture in the world?
Do you think they don't know we have the population to make profit for them?
You see. Potentially, Nigeria is a very good market. The oil, the population, the land etc but the reality is that corruption has made the potential unachievable. Nigeria has always had the land, the oil, and the population but what has been keeping the real investors from coming? Corruption.
What chased Richard Branson (Virgin Atlantic) out of Nigeria? Corruption.
What chased the CEO of Econet out of Nigeria? Corruption.
What made Cardbury to relocate its head office to ghana? Power sector corruption.
That is a word that can never be over emphasised on. People tend to undermine the influence of corruption.
Corruption is a disease no matter how rich you are no matter how much make up you wear, you cannot hide it from manifesting. You see. No matter how good your market is, corruption will ultimately make your market useless. It is what ultimately killed GEJs government and the past government. With all his "good moves and intentions". No matter how good your objectives are or how passionate you and your cabinet members are, if corruption is not killed, it will kill your objectives and passion.
You said it won't inspire confidence. How?
Like I said in my previous comment, what Buhari is doing called taking responsibility.
Telling the world that ok, this is our situation and this is what we are doing to arrest it.
E.g.
Indian PM: My country projected an investment of about $12billion crude oil deal with your country in time past but due to some bottle necks we could not go through with it.
PMB: Like you all know corruption is a big issue in my country. { Indentification of the problem } This could have contributed to what prevented your country (India) from being able to complete the $12billion investment projection in our oil sector but my administration has vowed never to stop until we end corruption. We will only be needing your assistance in the repatriation of stolen funds that could be domiciled in your economy. { Intention } This will enable our country to try and subsequently convict corrupt officials.{ Solution to the problem } By then, your country would be free to do business with ours without fear of corrupt officials sabotaging the deals. { Rebranding }
These are the things that inspire confidence in investors. That they know the head knows exactly what is the country's problem and that he is working towards changing it.
Apart from these, I don't know what else you want him to do. Go abroad and start telling them about how each ministries work? Or what exactly. Ok, u have a valid point there. But tell me the truth now. Using ur example, if u were an indian business man looking to invest big in Nigeria and u hear the president say those TRUTHFUL things abt his country, will u in all good conscience go ahead with ur plans?? I think not. The wise thing would be to hold off and observe how all the anti corruption efforts play out eventually, before deciding whether its still worth venturing in or not. But of course u do not have the luxury of observing indefinitely, and ur money most certainly doesn't! Not when there are several other investment destinations available; albeit not as mouth watering as Nigeria, but profitable nonetheless. Now its not as if foreign investors are not currently making HUGE returns in our "corrupt" economy. Not everybody went the Richard Branson way (besides there may be other reasons apart from corruption that informed his decision to leave). The fact is that IT IS STILL POSSIBLE to make huge returns on your investment in Nigeria. Period! I'm glad u said that these foreigners already know the conditions in our country, that means they are well aware of the risks and rewards of doing business in our environment. The risks haven't stopped some of them from coming, but now we need more to come. As a new president who has been widely acclaimed as a no-nonsense anti-corruption crusader, these foreigners are only looking to him for reassurances that their investments would be protected by HIS government. But the message Buhari has sent out in essence is, "Do not come and invest in my country right now. We have a lot of issues we're battling to resolve and I cannot guarantee the safety of ur investment". But the real TRUTH is dat foreign investments in this country CAN BE SAFE, with better economic policies from a better government. That is the message our president NEEDS to be sending out! The sad part of the whole matter is dat we desperately need more foreign investment to rejuvenate the economy and avoid slipping into recession. By then it may probably be too late to attract any investment at all. |
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Re: 5 Things You May Not Know About Nigeria - Ali Baba by Lastanza: 7:59am On Nov 03, 2015 |
They say itz not good 2 talk ill of d dead so why is d president saying bad tinz about our dead economy. Wen I start my own nw nobody should tackle me o. |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by Sammyblaq(m): 9:46am On Nov 03, 2015 |
MadCow1: Nigeria has been broke for a very long time.
Signs of a Good Economy
Employment: 85% of Nairalanders are unemployed.
Stable Power: Generators are still one of the fastest selling commodity in Nigeria.
Security: When last have you felt safe in Nigeria? If in doubt about our security, look at the number of escorts the following types of people move with;
1. Expatriates
2. Government officials,
3. Even the Police and Army chiefs all need heavily armed security,
4. The rich and well to do.
Even Militants sef dey need security once them blow.. Even Abu Shekau needs security.
Good Road Network: As we speak, Port Harcourt has been cut off from Owerri.. Onitsha would soon be cut off from Owerri as well. As Soon as Abia cuts off from Owerri too, Biafra can claim independence in Imo State as the only way to reach the State would be by Air.
Productivity.. We are a consumer Nation.
Go to the Ports, The Ships that come into Nigeria are full of Containers, when they leave, they are almost empty. We are a Nation that produces Oil but Imports petroleum by-products.
Corruption.. This is a Nation where 20 Billion dollars just buy leg stroll, we lock up do like say Odeshi.. Meanwhile we had to borrow 1billion Dollars to buy arms to fight Boko Haram.
Instability.. The Niger Delta keeps boiling with the ever present threat of erupting. We are still paying militants not to militate in the Niger Delta. That matter is far from settled. Meanwhile Boko Haram are killing men, plundering villages, kidnapping and raping girls and buring down villages in the North daily. In the East, the clamour for Biafra is still strong. The Fulani Herdsmen and still wrecking havoc across stateliness, e.t.c. Political Thuggery is still rife in our democracy, e.t.c.
Education.. Nigeria today is filled with a lot of half baked graduates and our public schools are filled with unqualified and illiterate teachers. Today in Nigeria, quality Education costs way way way more than it ever did in history. The future isn't looking too bright on that front. Many of the Graduates you see coming out of school cant even properly fill out an application form without assistance.
Healthcare.. India is one of the worlds biggest Health tourism desitination in the world and Nigeria is one of its biggest market. A friend who went to get a Visa to India said its easy to mistake the Indian Embassy waiting room for a Hospital emergency room as most of the appicants are literally hanging on to life by the hair of their chinny chin chin.
Look at Akpabio who built a world class hospital in Uyo and commissioned it at a large party. Yet when was involved in an auto accident in Abuja, he rather flew 6 Hours + to London to get treated than fly 45 Mins to his Worldclass facility.
Friendly Business Climate: Lol.. Try to buy land, Omo nile dey wait you. Try to start cab business, NURTW go run you down. Try to enter Tanker business, NUPENG go run you down. Try to open store, government agencies from Environmental to health to name it go use stickers and levies run you down, meanwhile na you go still thruway your dustbin, provide your light, provide your water, still pay bills on top join, pay federal, state and local government tax, pay vigilante levy, pay Alaye levy, Agbero dey their own dey wait you.
The list too plenty. The truth is that we are definitely broke. That's why we keep borrowing money from the IMF and Worldbank and China on a regular.
The truth is that there is actually nothing to suggest that Nigeria is actuallya rich nation apart from the fact that we are an oil Producing Nation and that isn't enough to make us rich unfortunately.. who is this Madcow1? Choi! Well scripted. Niger Area is broke. Nwanne, AM A FAN! 2 Likes 1 Share |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by ojuolu(m): 11:33am On Nov 03, 2015 |
magneto:
Ok, u have a valid point there. But tell me the truth now. Using ur example, if u were an indian business man looking to invest big in Nigeria and u hear the president say those TRUTHFUL things abt his country, will u in all good conscience go ahead with ur plans?? I think not. The wise thing would be to hold off and observe how all the anti corruption efforts play out eventually, before deciding whether its still worth venturing in or not. But of course u do not have the luxury of observing indefinitely, and ur money most certainly doesn't! Not when there are several other investment destinations available; albeit not as mouth watering as Nigeria, but profitable nonetheless.
Now its not as if foreign investors are not currently making HUGE returns in our "corrupt" economy. Not everybody went the Richard Branson way (besides there may be other reasons apart from corruption that informed his decision to leave). The fact is that IT IS STILL POSSIBLE to make huge returns on your investment in Nigeria. Period! I'm glad u said that these foreigners already know the conditions in our country, that means they are well aware of the risks and rewards of doing business in our environment. The risks haven't stopped some of them from coming, but now we need more to come. As a new president who has been widely acclaimed as a no-nonsense anti-corruption crusader, these foreigners are only looking to him for reassurances that their investments would be protected by HIS government. But the message Buhari has sent out in essence is, "Do not come and invest in my country right now. We have a lot of issues we're battling to resolve and I cannot guarantee the safety of ur investment".
But the real TRUTH is dat foreign investments in this country CAN BE SAFE, with better economic policies from a better government. That is the message our president NEEDS to be sending out! The sad part of the whole matter is dat we desperately need more foreign investment to rejuvenate the economy and avoid slipping into recession. By then it may probably be too late to attract any investment at all. PMB statements were the obvious, mixed with the intents. How we got to where we are, what we are doing about our position and what we hope to achieve going forward, how Indian people and government could partner us in this process and what is in it for them. I listened to the telecast of PMB conversation with the PM of India and I saw the sincerity in his statements. I remember ordinary level summary question back then, it will take a discerning mind to actually see or read between the line and truly appreciate what the man has done. |
Re: 5 Things You May Not Know About Nigeria - Ali Baba by engrjosefz(m): 11:44am On Nov 03, 2015 |
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Re: 5 Things You May Not Know About Nigeria - Ali Baba by mondaynelson20: 10:57am On Nov 04, 2015 |
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