EgunMogaji:
One man, one chicken coop garage, one builder

Baba Congrats o Eku inaawo.

Well said chief, that's a perspective we cannot ignore...people are blaming sellers/importers/suppliers for arbitrary hikes in price of goods that appear exploitative, but we sometimes fail to look at the big picture.
if it cost me N5million to import a container of X @200 per dollar, and i sell my stock at the same price; i'll need an extra N2.5m (@300) to N5million (@400) to import the same container, NO importer is going to take that risk, and once a price increase occurs from the importer's end, it starts a chain reaction, the price difference trickles down to the retailer.
the talk of ripping off arises when the margin is excessive.

spyder880:


No, they did not import new ones but when you sell for 25k and go to import next one, only to discover the new price from where you buy them is N38k, now, do you borrow more money to buy next batch or do you lock up the shop and start snail farming?

Some of these traders are very well informed, some call the source at every morning to know prices before they sell off their stock, to avoid long stories. I don't blame them for the increase, I blame the system.

allCopacetic:
Well said chief, that's a perspective we cannot ignore...people are blaming sellers/importers/suppliers for arbitrary hikes in price of goods that appear exploitative, but we sometimes fail to look at the big picture.
if it cost me N5million to import a container of X @200 per dollar, and i sell my stock at the same price; i'll need an extra N2.5m (@300) to N5million (@400) to import the same container, NO importer is going to take that risk, and once a price increase occurs from the importer's end, it starts a chain reaction, the price difference trickles down to the retailer.
the talk of ripping off arises when the margin is excessive.

I negotiate very hard but fairly. The bottom line is how do we define excessive which is bound to have a different meaning between seller and buyer.

The savvy businessman will also know how to continue to source goods at great deals and negotiate shopping deals.

But sometimes it is what it is

its natural to always try to get a bargain, but under certain circumstances you dont have much of a choice, especially if you're within the shores.
Here's what i can tell you for sure..at least as far as the local electrical market is concerned.....Importers are afraid of running out of stock, importers are also afraid of sourcing at the prevailing fx prices, so two things are bound to happen, they either play the wait game and refuse to import ..which creates scarcity, or peg the prices at a point that gives them some amount of safety net if they decide to import and the dollar price falls significantly two or three months later, when their containers finally arrive and they have to sell

EgunMogaji:


I negotiate very hard but fairly. The bottom line is how do we define excessive which is bound to have a different meaning between seller and buyer.

The savvy businessman will also know how to continue to source goods at great deals and negotiate shopping deals.

But sometimes it is what it is

EgunMogaji:


Actually both the builder and the owner should be shot at dawn

I like straight walls. Not into curves at all.

LAugh wan kill me die

Erico2k2, where you leave that baton sef?

spyder880:


Since we are all aware that we are experts at exploiting ourselves, there should be a tighter control on monetary policies to regulate the system, so that we don't play into the hands of the same Nigerians who will seize every opportunity to exploit the situation to his favor. Or, does it even favor him? He is at the receiving end of things, losing every dime he earned by his hike to the pure water seller, the taxi driver, the meat seller and the almighty PHCN who will lay an ambush and collect his proceeds from his hike in prices. Or do you think he has a choice other than to increase his prices to keep pace with others?

Did I hear you advocate any type of price control in this type of economy? Well, since we are in the property sector, I will give you a sample analysis of how it will will make the same landlords richer seven fold.

A man withdraws his life savings and buys a land in the bush, sand-fills the road so he can drive in, build his own culvert and gutters, draws his own electric poles and wires from the nearest source, sinks his own borehole for water, provides his own security men to guard his materials, incurs exploitative transport costs moving materials to site, paying omo onile or Ogbo-na-eche-agu as the case may be, paying several community development levies, paying approval fees from at least 2 tiers of government, plus other ministries and hidden charges, but against all odds, he miraculously completes his 6 flats of 3 bedrooms, halleluya somebody!

And then just as he moves to collect his rents, a government order announces some price control, telling him how much he can rent those flats! Haba, I didnt hear them control the cement and rod sellers, the town unions and omo oniles, nobody ordered anyone to build his roads or culverts, but price control will aim to control his rents?

The effect of this is that the government must understand that investors are sacred, since they own their investment money, you cannot dictate to them. Before any type of price control, there should be a review of how people invest, and an attempt made to help them. If we force landlords and control prices for instance, they will simply refuse to build more houses since nobody likes to do a business if there will be no profits. Then the worst happens, landlords will move their funds somewhere else, and then, scarcity of houses! And scarcity has a way of forcing same prices up, if my elementary economics is right.

People will be paying behind the back of the government to get houses at "black market prices", and landlords will be laughing to the banks

You are right on the things you wrote.
One of the "reasons" we have a Government, is to "act as an unbiased control" using its Civil servants and law enforcers.
A lot of things are WRONG in the Nigerian system.
The decay is "systemic", as in, it started a long time ago and it is "deep seated".

Even more worrisome, is the fact that Govt policies negates what the Govt essentially tries to achieve.
Using your example, Housing:
It is the duty of Govt to provide all those things you mentioned, once a land has been given Building Approval but here in Nigeria, Govt will abdicate its won responsibility!
Govt, by its ever increasing "dues and levies", have actually made building houses a very difficult task, less attractive.... and very costly too!

Citizens as well, will take a cue from Govt (seeing the body language of those in power) and EXPLOIT the situation!
if that Landlord has spent all that money to build his block of flats, there is a PERIOD for him to recoup his investment (ROI).
fact is, he cannot expect to get his investment back in the first three to five years but he has to spread it over say like thirty years, after that, it is profit.
But that Nigerian Landlord will want it back, everything within the first three years!
Even after that, he will keep citing "Dollar nii" as an excuse to increase the rent every year, like he just finished the building yesterday!
This is where "exploitation" sets in..... and Govt needs to step-in by saying: Hold Chief, over thirty years, your rent should not be more than x-amount, for you to recoup your investment, with a 30% profit margin!

We must also bear in mind that there are unfortunate Nigerians who are Salary earners, must rent a house while there salary hardly appreciates by 10% every five years! Such people cannot be left at the mercy of "speculative landlords"!

But like l said, if Govt wants to set-in, it does not need to introduce arbitrary controls, all the time.
Govt can control price by building Low cost houses for such people to rent, ...at "govt prices".
At that point, the law of Demand and Supply will set an Equilibrium price that is acceptable to all involved.

Bottom line is the "Nigerian System" has failed everyone and until we all resolve to make it work, be our brother's keeper and be less Greedy/exploitative, we are all in for a "long thing", as they say.

Daalu.


Lastpage!

EgunMogaji:
Erico2k2, where you leave that baton sef?

Egun-Baba,


This "forex" too dey favor you o!

Abi no be money all these workers l dey see go collect?

See as you don nearly finish this house within one week!

Hmmm..... Should the Naira go down or go up?.... Somebody must smile at the end of the day sha, pray it is me!

More greaze...



Lastpage!

Heard dollar is now between 220-260 in the parallel market.. You will notice that some prices will not go down as it was before the dollar spike. That's the exploitative side of we Nigerians.

EgunMogaji:
Erico2k2, where you leave that baton sef?

At this pace, Im sure you will get to roofing before you come in March!

spyder880:


The effect of this is that the government must understand that investors are sacred, since they own their investment money, you cannot dictate to them. Before any type of price control, there should be a review of how people invest, and an attempt made to help them. If we force landlords and control prices for instance, they will simply refuse to build more houses since nobody likes to do a business if there will be no profits. Then the worst happens, landlords will move their funds somewhere else, and then, scarcity of houses! And scarcity has a way of forcing same prices up, if my elementary economics is right.

People will be paying behind the back of the government to get houses at "black market prices", and landlords will be laughing to the banks

GREAT POINT

KolaShangOne:


At this pace, Im sure you will get to roofing before you come in March!

True but I still have the main padlock chicken coop garage to do a German floor on (4,000 square feet).

erico2k2:

ofcos not lol but at least if they know how it will be a pus

did you really type this in your right mind?

Someone gave me this quote to roof my three bedroom flat


aluminum ruf 0.45gage 294.9 sqm. @ 1200 = 353,900, acesries15k, instalation 25k, areaboyz 5k. grand total #398,900.

Wood work...
i wil do it at #235,000 with ogbuuns wood.

We have lots of 419 coming on this section. People that violet rules.

Our service is Pay on Delivery but shocking to note that, they want to use one to achieve their goal.

Must you build when you dont have budget for it and the money available?

They will call for our services after delivery na story.

I work in the midnite risk life to delivery so as to carry out my obligation ordain by God, but you punish me for no offense remember i have a creator.

Heaven can continue to make you live a mysterious one. BE WARNED

E fe pa mi ni.

Chekitaut:
We have lots of 419 coming on this section. People that violet rules.

Our service is Pay on Delivery but shocking to note that, they want to use one to achieve their goal.

Must you build when you dont have budget for it and the money available?

They will call for our services after delivery na story.

I work in the midnite risk life to delivery so as to carry out my obligation ordain by God, but you punish me for no offense remember i have a creator.

Heaven can continue to make you live a mysterious one. BE WARNED

E fe pa mi ni.

Baba dey will come and be saying na dollars o. Take am easy baba...u no dey do money for hand back for ground?

3strike:


Baba dey will come and be saying na dollars o. Take am easy baba...u no dey do money for hand back for ground?

I may start that ooo na commitment charges dem call am.

That moment you realize that the space is not as wide as you thought

Chekitaut:
I may start that ooo na commitment charges dem call am.

I'm always amazed when I read this stuff.

How can a man be comfortable toying with another mans livelihood in this austere times?

Na ayilala go settle am for us.

EgunMogaji:
That moment you realize that the space is not as wide as you thought

You immediately realize it's Remote Management Problem. Using my IT wizadry, it can be any of the following and resolved:

* It's like you can't establish a connection to the remote server (your builder in this case). Check all the links. One will surely expose the point of failure.

* It must be that the remote server (your builder) is using a non-public IP address and exists on an entirely separate network or hiding behind a firewall, that you may not be able to directly connect to it unless you're given authorized access. (This means you may only see what they want you to see). You may have to implement a VPN (create a backdoor/operate in stealth mode) so you can manage the server from your remote office.

* Make sure adequate bandwidth ($$$) is available and the main server you want to manage is also not been remotely managed by the other remote users. Nothing wrong with a server having multiple remote users but you need to be on priority list.

* Check Group Policy setting and ensure you're registered active directory user. Ensure that your head still dey there with your builder. You may need a 3rd party to get that.


______
But truth be told, the main server is slow.

BrabusNG:


You immediately realize it's Remote Management Problem. Using my IT wizadry, it can be any of the following and resolved:

* It's like you can't establish a connection to the remote server (your builder in this case). Check all the links. One will surely expose the point of failure.

* It must be that the remote server (your builder) is using a non-public IP address and exists on an entirely separate network or hiding behind a firewall, that you may not be able to directly connect to it unless you're given authorized access. (This means you may only see what they want you to see). You may have to implement a VPN (create a backdoor/operate in stealth mode) so you can manage the server from your remote office.

* Make sure adequate bandwidth ($$$) is available and the main server you want to manage is not also been remotely managed by the another admin.

* Check Group Policy setting and ensure you're registered active directory user. Ensure that your head still dey there with your builder. You may need a 3rd party to get that.


______
But truth be told, the main server is slow.

He actually got it, he told me 4 feet but it seemed adequate on paper. No intention of using that space.

Must def use rain gutters

twinskenny:
Wood work... i wil do it at #235,000 with ogbuuns wood.

It is a reasonable price Oga

what is the best solution to the last picture pasted by egunmogaji?

abdulwastecx:


It is a reasonable price Oga

thank you baba

twinskenny:
Someone gave me this quote to roof my three bedroom flat


aluminum ruf 0.45gage 294.9 sqm. @ 1200 = 353,900, acesries15k, instalation 25k, areaboyz 5k. grand total #398,900.

The woodwork is ok but the aluminium looks a little bit much. If your building is about 12m by 11m, your aluminium shouldn't be more than 250 metres. You can also chill till when dollar reduces so U can buy China at 1000 or 1050

twinskenny:
thank you baba

is that for wood and labour.

gabbytabby:


is that for wood and labour.

yes for wood and labour ma

KolaShangOne:


The woodwork is ok but the aluminium looks a little bit much. If your building is about 12m by 11m, your aluminium shouldn't be more than 250. You can also chill till when dollar reduces so U can buy China at 1000 or 1050

okay boss. will chat you up later. i was thinking i can do the whole stuff for 500