Cyberknight:


The fact that Nigeria is attracting numbers of Lebanese, Indians and Chinese and not westerners or people from civilised countries is actually worrisome.
Real oyibo are concentrated in the industries where they absolutely have to be - the oil industry, then a few MNCs, and are nowhere to be found in the sectors where the Asians abound.
While I admire the adventurousness of those Asians who come here, I would never seek nor accept employment in one of their enterprises; they are generally contemptuous of us, and given the countries they come from, are used to dishing out lousy treatment.

I dont really like the term "real oyibo " tho

Even tho I get what you've said


That term reminds me of the false strata this world has established as a hierarchy of humans

With the supposed Oyibo (westerners) at the top, Asians follow, then Africans


It's a warped logic

topsquino:


If the business cannot afford to pay a salary that is sufficient to pay a decent salary, then the business model needs to be revised.

I once meet a woman who was head over heels for me.

She worked as a cheff in a hotel and wanted to repay me for my magnanimity.

Guess what she did.

She began rationing customer's food just to accommodate the 'special' food she wanted to bring for me.

Not only that, she stealthy colluded with the security men to bring the food out of the hotel to my house.

Immediately I saw the food, I inquired about how she got the money to cook the food.

And she divulged what I typed above.

She said she earned 30k per month , which was not enough to keep up with her recurrent expenses.

I told her to find another job, but she declined.

Her reason was that she would not be able to find another job if she resigned.

Her mentality and mindset was just too toxic for me, no thanks to the virus called POVERTY.

COROLLARY

The unemployment rate in this country is alarming.

And evidence from research has SHOWN CONSISTENTLY that people throw morality in the trash when the scourge of poverty hit THEM so hard.

To stop or abate this NIGERIAN CURSE we are all complaining about, employers need to come up with a business model that can pay a decent salary for workers.

If we don't do this:

We will continue seeing security men accosting customers to give them money.

Workers will continue to pilfer the merchandise of employers.

The rate of turnover of honest workers will continue to soar.

And the circle of distrust and unoroductivity continues.


I want to remind the young ones.

Nigerians were not like this.

We were once nice, honest and trustworthy.

We were once less selfish and patriotic.

But the virus called POVERY has altered our DNA and blinded us from doing the right thing.

please which business do u run ? example a cement shop sell 900 bags x 150 naira profit for a months...total income 135000 per month gross income ....cost of shop 15k per months salary of sale staff 30k ,security contribution 5k , taxes 4k per months ,incidental expense 5k =59k ...135k -59k =profit 76k monthky.....total investment 2.5m .......so by your suggestion the business should shut down ....

DexterousOne:



I dont really like the term "real oyibo " tho

Even tho I get what you've said


That term reminds me of the false strata this world has established as a hierarchy of humans

With the supposed Oyibo (westerners) at the top, Asians follow, then Africans


It's a warped logic

but logically the Europeans have proved that they are better in organising societies....imagine the world without european science.....we cant even have this chat

topsquino:


If the business cannot afford to pay a salary that is sufficient to pay a decent salary, then the business model needs to be revised.

I once meet a woman who was head over heels for me.

She worked as a cheff in a hotel and wanted to repay me for my magnanimity.

Guess what she did.

She began rationing customer's food just to accommodate the 'special' food she wanted to bring for me.

Not only that, she stealthy colluded with the security men to bring the food out of the hotel to my house.

Immediately I saw the food, I inquired about how she got the money to cook the food.

And she divulged what I typed above.

She said she earned 30k per month , which was not enough to keep up with her recurrent expenses.

I told her to find another job, but she declined.

Her reason was that she would not be able to find another job if she resigned.

Her mentality and mindset was just too toxic for me, no thanks to the virus called POVERTY.

COROLLARY

The unemployment rate in this country is alarming.

And evidence from research has SHOWN CONSISTENTLY that people throw morality in the trash when the scourge of poverty hit THEM so hard.

To stop or abate this NIGERIAN CURSE we are all complaining about, employers need to come up with a business model that can pay a decent salary for workers.

If we don't do this:

We will continue seeing security men accosting customers to give them money.

Workers will continue to pilfer the merchandise of employers.

The rate of turnover of honest workers will continue to soar.

And the circle of distrust and unoroductivity continues.


I want to remind the young ones.

Nigerians were not like this.

We were once nice, honest and trustworthy.

We were once less selfish and patriotic.

But the virus called POVERY has altered our DNA and blinded us from doing the right thing.

u are talking more of theories taught in school ....thing are different in the field ....even state goverment are finding it difficult to pay 30k .....level 8 (gradute) in most state in Nigeria is been paid 38k per months

Deap Capital Management & Trust Plc clarifies the news item from various online sources, especially The Cable, dated 9 July 2020, and captioned “AMCON takes over assets belonging to Deap Capital-sixth seizure in 21 days”

The Company hereby makes the following clarifications:

The Asset Management Corporation of Nigeria (AMCON or the Corporation) holds a significant equity stake in the Company.

The Corporation holds about 20% equity stake in the Company.

The Company is indebted to AMCON. The indebtedness stands at about N1.6 Billion.

The indebtedness arose from the Corporations purchase of eligible bank assets.

The Corporation instituted an action against the Company in the Federal High Court, Lagos and judgment were delivered on January 28, 2015.The Corporation had judgment awarded in its favour in the above suit.
Pursuant to the judgment, the Corporation instituted recovery processes against the Company.

The Corporation recently secured a Court Order to attach the assets of the Company’s former directors.

The assets as described by the aforementioned news item, and referenced by a Press Release from AMCON are the assets of one of the Company’s former directors attached to the judgment.
The Company is resolving its indebtedness to AMCON.
The Company is working with its stakeholders to ensure its return to profitability.
The Company is resolving its operational challenges most notably the recovery of its operational licenses.

The Company’s Board of Directors is committed to resolving all issues.

topsquino:


Well said.

I still don't know how we are so seemingly religious in this country yet many of NIGERIANS would STEAL if given the opportunity

Well, employers are part of the problem too


I've seen many employers in this country paying workers pittance.

Last year, I debated with a friend who owns a hotel about this.

He paid workers about 20k per month and expected them to work 12 hours a day, an amount that he acknowledged that most workers could barely survive on.

He always countered me with the saying "did I force them to work for me."

While I'm not writing this as a pretext to encourage stealing, employers need to stop breeding a climate that encourages dishonesty.

As for me, I can't hire someone whom I can't pay a reasonable salary.

I know some Nigerian workers will still steal even if you pay them well. Nonetheless, doing the needful will reduce the current plague of dishonesty bedevilling this country.


Another solution, which I think would help, is teaching our children/workers ethics.

Most side hustle are small businesses that requires capital of less than N5 million to establish in most cases.

What the workers will be paid will be determined by the nature, location, size and profitability of the business.

A buka owner at Oshodi making daily turnover of 20k and 3 workers can only pay the minimum wage

topsquino:


Nigerians were not fantastically corrupt 2-3 decades ago. I just don't know how we metamorphosed into this new unethical behavior.

This year alone, I was scammed of almost 100k.

Nigerian police asking me for more money to implore Eco bank to freeze the account of the criminal.

Corruption went up tremendously when prosperity religiosity became the order of the day.

I will stop doing business with you, if I meet you for the first time for a business deal and you introduce yourself as a Pastor or Imam. Introduce myself as Mr Johnson, let me find out later in the course of our dealings that you are a godly person, who is trustworthy and full of integrity

But study showed that east Asians are the smartest followed by Jews..

ahiboilandgas:
but logically the Europeans have proved that they are better in organising societies....imagine the world without european science.....we cant even have this chat

topsquino:


If the business cannot afford to pay a salary that is sufficient to pay a decent salary, then the business model needs to be revised.

I once meet a woman who was head over heels for me.

She worked as a cheff in a hotel and wanted to repay me for my magnanimity.

Guess what she did.

She began rationing customer's food just to accommodate the 'special' food she wanted to bring for me.

Not only that, she stealthy colluded with the security men to bring the food out of the hotel to my house.

Immediately I saw the food, I inquired about how she got the money to cook the food.

And she divulged what I typed above.

She said she earned 30k per month , which was not enough to keep up with her recurrent expenses.

I told her to find another job, but she declined.

Her reason was that she would not be able to find another job if she resigned.

Her mentality and mindset was just too toxic for me, no thanks to the virus called POVERTY.

COROLLARY

The unemployment rate in this country is alarming.

And evidence from research has SHOWN CONSISTENTLY that people throw morality in the trash when the scourge of poverty hit THEM so hard.

To stop or abate this NIGERIAN CURSE we are all complaining about, employers need to come up with a business model that can pay a decent salary for workers.

If we don't do this:

We will continue seeing security men accosting customers to give them money.

Workers will continue to pilfer the merchandise of employers.

The rate of turnover of honest workers will continue to soar.

And the circle of distrust and unoroductivity continues.


I want to remind the young ones.

Nigerians were not like this.

We were once nice, honest and trustworthy.

We were once less selfish and patriotic.

But the virus called POVERY has altered our DNA and blinded us from doing the right thing.

The poor are in majority and can't affordable the right fees and charges. Come to the typical ghetto in Lagos and see businesses that the total capital used for such business is not up to 100k and these are businesses taking care of a family. The right business model will not be affordable to over 90% of the population

Just thank God for your life. Some years ago when Airtel sacked Nigerian engineers and employed Indian engineers. Do you know that it cost the company lesser expenses and the efficiency increased. Prior to this the Nigerian engineers were canvassing for an increase in their remuneration.


It is honourable not to accept a job that can't take care of your expenses, rather than accepting the job and then defraud the company.

XiaoLi:
But study showed that east Asians are the smartest followed by Jews..

That's interesting to know

Which study tho?


Cos what I do know

Is that intelligence has no strong correlation with ethnicity

emmanuelewumi:



You can use money from other sources to pay the workers. Because you are a father Christmas.

XiaoLi:
But study showed that east Asians are the smartest followed by Jews..

am not talking of smartness Nigerians are smart but criminally smart most time.......am talking of science,societies etc ....the G7 countries are mainly europeans .....look how they organise Austrilia,new zealand,south africa ...look at the quality of life of european societies ,goverance,fairness etc...do u know top Neigboorhood in Nigeria like ikoyi ,Nassarawa gra where rich Nigerians luv to stay where former european quarters

DexterousOne:



I dont really like the term "real oyibo " tho

Even tho I get what you've said


That term reminds me of the false strata this world has established as a hierarchy of humans

With the supposed Oyibo (westerners) at the top, Asians follow, then Africans


It's a warped logic

Lol.
Let's not get into a "race" issue here.
In this case, I was not referring to any hierarchy of humans.
When I used the term "real" I was referring to the fact that in my experience, Europeans and North Americans operating enterprises in Africa generally tend to be way less openly derogatory in their dealings with Africans than the Asians tend to be. They also generally operate to higher standards - you don't hear of them locking up employees or flogging them or doing all the nonsense that the Chinese for instance, like to indulge in.

For instance, I will never fly Turkish Airlines or Air Maroc, etc. no matter how cheap the flights are. Whenever I go to Europe, I travel with the European airlines, because while racism is present everywhere, the Europeans show it way less, are more interested in collecting your money and providing service in return, and they provide better treatment than the Turks, Arabs and Indians do. As long as you treat me well, I don't care about what's in your heart.

emmanuelewumi:



The poor are in majority and can't affordable the right fees and charges. Come to the typical ghetto in Lagos and see businesses that the total capital used for such business is not up to 100k and these are businesses taking care of a family. The right business model will not be affordable to over 90% of the population

Just thank God for your life. Some years ago when Airtel sacked Nigerian engineers and employed Indian engineers. Do you know that it cost the company lesser expenses and the efficiency increased. Prior to this the Nigerian engineers were canvassing for an increase in their remuneration.


It is honourable not to accept a job that can't take care of your expenses, rather than accepting the job and then defraud the company.

4 m Nigerians have already applied for 30k Npower job .....so in Lagos where transport can consume 13k permonths....wetin remain

Cyberknight:


Lol.
Let's not get into a "race" issue here.
In this case, I was not referring to any hierarchy of humans.
When I used the term "real" I was referring to the fact that in my experience, Europeans and North Americans operating enterprises in Africa generally tend to be way less openly derogatory in their dealings with Africans than the Asians tend to be. They also generally operate to higher standards - you don't hear of them locking up employees or flogging them or doing all the nonsense that the Chinese for instance, like to indulge in.

For instance, I will never fly Turkish Airlines or Air Maroc, etc. no matter how cheap the flights are. Whenever I go to Europe, I travel with the European airlines, because while racism is present everywhere, the Europeans show it way less, are more interested in collecting your money and providing service in return, and they provide better treatment than the Turks, Arabs and Indians do. As long as you treat me well, I don't care about what's in your heart.

Fair enough


I share your sentiment


It's the same hierarchy issues that makes those asians treat us the way they do.

Let us consider the case of a graduate who started teaching on part time basis as a student in order to finance his University education.


After graduation he started a small primary with less than 20 pupils, using the space in his church.

Five years after the school grew to 150 pupils, a moved to a bigger location by renting a block of 4 flats.

Because of the location of his business the average school fees is N25,000 per term.

That is a total of about N4 million per term and N12 million per annum. Which is not much.

Making provision of about 7.5% for discount and bad debts

His annual revenue will be just N11 million.

Expenses.

Rent for 4 flats = N2 million

Salary= N5 million (18 workers)

Taxes, levies, dues= 500k

NEPA/utility/generator/fuel/security/ = N1 million.

Maintenance/depreciation= 500k

Total expenses= N9 million.

Assuming he got a loan for the establishment of this business, his expenses will be higher.



This is the problem with most small businesses in Nigeria, which some of us who are lucky to work in big corporations and businesses do not appreciate.

ahiboilandgas:
4 m Nigerians have already applied for 30k Npower job .....so in Lagos where transport can consume 13k permonths....wetin remain

Reason why some people who have comparative advantages in the village will do better.

XiaoLi:
Increasing poverty is making Nigerians more corrupt, it is a proven fact that people are nicer and happier when they are comfortable, a brother that i have really helped had to dupe me of 30k in getting a cook when i wanted to visit Nigeria, cook charged 70k but he billed me 100k..this is what financial insecurity can cause..many Nigerians living in Nigeria are like this

Nope. This excuse doesn’t apply again.

Invictus Obi defrauded people off, not 1, 2 or 3 but 11 million USD.

Hushpuppy nkan?

We live in a country that likes flamboyant lifestyles earned via short cuts. At a time in my life I thought I was suffering and I have met people who have suffered more than me and still... made something good of themselves without succumbing to their selfish desires.

ahiboilandgas:
am not talking of smartness Nigerians are smart but criminally smart most time.......am talking of science,societies etc ....the G7 countries are mainly europeans .....look how they organise Austrilia,new zealand,south africa ...look at the quality of life of european societies ,goverance,fairness etc...do u know top Neigboorhood in Nigeria like ikoyi ,Nassarawa gra where rich Nigerians luv to stay where former european quarters

Some say national incomes correlates with iq. ( Most westerners believe this) eg African low iq savages who can't build a civilisation.

Others say it's related to corruption. ( Economists believe this) developmental funds stolen, which leads to further degradation.

Some others believe it's due to Bretton wood's, the Roman Catholic enslavement( western domination- first mover advantage) , Jewish capitalist cabals running the world, fiat currency manipulations (removal of the gold standard) by the feds.

I think it's the latter, but the first is now true, because environment breeds low quality humans, which causes lack of development and growth, which leads to further poverty and corruption.

Until Africans focus on how to improve productivity without waiting on the government or go on a full political revolution to change leadership, nothing will change.

XiaoLi:
When the head is rotten the whole body will be destroyed, if our leaders start getting it right and leading by example things will definayely change in Nigeria, in the part of the world where i live a top government official will wait for traffic light and obey traffic rules, but in Nigeria a government official in traffic will drive through the way one route..tell his mopols to clear the road for him with force..e.t c. I can go on and on in the attrocities that our leaders commit...so how do you expect a common man to be different tomorrow if he has such power? so i don't agree with those who said that Nigerians is the problem with Nigeria..let's call a spade a spade the government is the problem of Nigeria, if they start to get it right by their attitudes,policies, full effect of the Nigerian law things will definately change..

The government cannot get it right if the citizens don’t sir.

If you understand psychology well, you would see there is what is called “consensus”.

The painful thing is Nigerians don’t understand general consensus. A country deserve the leaders it gets especially in the long term.

How many leaders do we have total? 100K? 200K?
I put it to you that if majority of the leaders are bad and majority of the people are good, the country will be far better than what it is today.

And even if “all” the leaders are good and majority of the people are bad, you would be wasting your time.

Just look at racism in America back in the days, Texas and co, there were rules against racism but the white citizens continued it. They are enjoying what they are enjoying today because of a majority consensus to do what is right.

Same thing with the George Floyd incident, at first the mayor and chief of police wanted to do anyhow, see what a majority consensus did to them.

Because many Nigerians are benefiting from the corruption of our government, many are not interested in doing anything for the country. Just look at fraudsters, is it not the same government they complain about that is bad that makes lax laws that make them do their fraud with impunity?

What about Contracts? This is the worst, but we have been blaming government for years, but what has the majority consensus done?

XiaoLi:
In MMA International airport Lagos, you have to pay 2k for the small trolley and 2500k for the big trolley..it has been like this for many years...it is only in Nigeria airport i have paid for trolley in the whole world..this is pure corruption..yes it is a Nigerian that run the trolley company and it is Nigerians that collect the money but it is the responsibility of the governemnt to stop such shady business..not the responsibility of you and i if not why are they called the government?

Have you been in a position of power before?

Do you think it’s issues like this that will come to your desk?

The purpose of a leader is not to be perfect but to try and serve for the good of the Majority.

Where would the lines be drawn in government imposing on businesses? Or people solving a problem?

topsquino:


Part of why we are not progressing. We keep thinking GOD will come from the sky to put our house in order when we are not ready to change our DIRTY ways

I initially wanted to ignore your comment but I changed my mind.
Well, I won't pen down much but just a few questions;

1. Why do you think relying on God for a good employee is the cause for our retrogression in this part of the world?
2. Did you to read my initial post CAREFULLY before making this hasty conclusion? For employers, I spoke about EMPATHY (this covers a whole lot but it is missing in the work environment) and for employees, I spoke about VALUES. A lot has been said about the value system.

Once more I say to you, with God ALL things are possible.

ahiboilandgas:
please which business do u run ? example a cement shop sell 900 bags x 150 naira profit for a months...total income 135000 per month gross income ....cost of shop 15k per months salary of sale staff 30k ,security contribution 5k , taxes 4k per months ,incidental expense 5k =59k ...135k -59k =profit 76k monthky.....total investment 2.5m .......so by your suggestion the business should shut down ....

I run a business, mind you

And I know how difficult it is to start a business in Nigeria.

You will agree with me that most times, workers that earn decent salaries perform well than those who earn peanuts.

I don't know why you create your own business.

Apart from making profit, part of my reasons is improving the welfare of my workers and reducing poverty.

I will rather shut down my business if I'm making profit but my workers' welfare is in jeopardy.

In my world, employees' welfare is more important than profitability.

I believe if my employees are happy my customers will be happy.

NOTE. I'm not talking about theory here. I've applied this principle in my line of business and it has always worked for me.

Even when I was helping my mum to sell textiles in idumota a few years ago, I applied this same principle and it worked.

An average employee in Nigeria believes employers are wicked, callous and insensitive to their welfare.


If many employers can improve the welfare of their workers in Nigeria, I'm sure the rate of dishonest workers will reduce and employers will reduce their cost of rehiring new workers.

May be you should try this and see the results.

It may not work all the time, but it works most of the times.

DexterousOne:



I dont really like the term "real oyibo " tho

Even tho I get what you've said


That term reminds me of the false strata this world has established as a hierarchy of humans

With the supposed Oyibo (westerners) at the top, Asians follow, then Africans


It's a warped logic

Very warped one.

And it is why it saddens me to see black men pander to that ideology in our actions.

emmanuelewumi:



Corruption went up tremendously when prosperity religiosity became the order of the day.

I will stop doing business with you, if I meet you for the first time for a business deal and you introduce yourself as a Pastor or Imam. Introduce myself as Mr Johnson, let me find out later in the course of our dealings that you are a godly person, who is trustworthy and full of integrity

You have said it all sir.

People don’t know religion is a huge problem.

kintus:


I initially wanted to ignore your comment but I changed my mind.
Well, I won't pen down much but just a few questions;

1. Why do you think relying on God for a good employee is the cause for our retrogression in this part of the world?
2. Did you to read my initial post CAREFULLY before making this hasty conclusion? For employers, I spoke about EMPATHY (this covers a whole lot but it is missing in the work environment) and for employees, I spoke about VALUES. A lot has been said about the value system.

Once more I say to you, with God ALL things are possible.

God has done his part and it is perfect, we need to do our own part

God won't come down to do what he has given us the abilities to do .

ahiboilandgas:
am not talking of smartness Nigerians are smart but criminally smart most time.......am talking of science,societies etc ....the G7 countries are mainly europeans .....look how they organise Austrilia,new zealand,south africa ...look at the quality of life of european societies ,goverance,fairness etc...do u know top Neigboorhood in Nigeria like ikoyi ,Nassarawa gra where rich Nigerians luv to stay where former european quarters

Smartness without cohesive majority consensus for your betterment will do you no good.

The black mans problem has never been “smartness”, it has always been a crab in a barrow mentality.

GonFreecss1:


You have said it all sir.

People don’t know religion is a huge problem.

Not a problem but the way we have commercialized it in this part of the world

Nigsrdumb:


Some say national incomes correlates with iq. ( Most westerners believe this) eg African low iq savages who can't build a civilisation.

Others say it's related to corruption. ( Economists believe this) developmental funds stolen, which leads to further degradation.

Some others believe it's due to Bretton wood's, the Roman Catholic enslavement( western domination- first mover advantage) , Jewish capitalist cabals running the world, fiat currency manipulations (removal of the gold standard) by the feds.

I think it's the latter, but the first is now true, because environment breeds low quality humans, which causes lack of development and growth, which leads to further poverty and corruption.

Until Africans focus on how to improve productivity without waiting on the government or go on a full political revolution to change leadership, nothing will change.

I won’t be surprised if you are an adept student of psychology, philosophy and economics. You have said it quite well.

topsquino:


I run a business, mind you

And I know how difficult it is to start a business in Nigeria.

You will agree with me that most times, workers that earn decent salaries perform well than those who earn peanuts.

I don't know why you create your own business.

Apart from making profit, part of my reasons is improving the welfare of my workers and reducing poverty.

I will rather shut down my business if I'm making profit but my workers' welfare is in jeopardy.

In my world, employees' welfare is more important than profitability.

I believe if my employees are happy my customers will be happy.

NOTE. I'm not talking about theory here. I've applied this principle in my line of business and it has always worked for me.

Even when I was helping my mum to sell textiles in idumota a few years ago, I applied this same principle and it worked.

An average employee in Nigeria believes employers are wicked, callous and insensitive to their welfare.


If many employers can improve the welfare of their workers in Nigeria, I'm sure the rate of dishonest workers will reduce and employers will reduce their cost of rehiring new workers.

May be you should try this and see the results.

It may not work all the time, but it works most of the times.

na charity organistations u dey run ..... a educatiionsist built a not for profits school and all income and profits are reinvested back to school ..now has over a 1000 student and founder late but school still runing and teachers dont resign cos of good pay ......this charity .....my own na profit driven striclty with human face

ahiboilandgas:
na charity organistations u dey run ..... a educatiionsist built a not for profits school and all income and profits are reinvested back to school ..now has over a 1000 student and founder late but school still runing and teachers dont resign cos of good pay ......this charity .....my own na profit driven striclty with human face

My profit should be proportional to the profit of the business. I can't be making profit after tax of N10 million while employee expenses is N2 million.

Except you are running a perfect business, that needs few or no worker.

ahiboilandgas:
na charity organistations u dey run ..... a educatiionsist built a not for profits school and all income and profits are reinvested back to school ..now has over a 1000 student and founder late but school still runing and teachers dont resign cos of good pay ......this charity .....my own na profit driven striclty with human face

It's not charity.

You can make good profits if you take your worker's welfare seriously.

I've many friends who run their business without putting their employees in mind.

They end up complaining workers are this or that.

I've seen many law/IT firms that make a lot of money in this country.

Yet they will pay their junior staff, who just finished law school, below 50k.

In the end, their staff will steal their clients and start their own law firm and the cycle continues.

We can't build wealth like this, if we continue to pay workers an amount that cannot even take care of their basic needs.