DexterousOne:


.very good

I like a man with ambition
I wish you all the best
I often look forward to you and @Emma comments
Cos its always a breath of fresh air

Keep it up

yes oh i luv ambition it bring fulfillment it keeps me alive ...dangote said in his interview that life without challeges will boring.....very true .....not basic challenges of foods,shelter,clothing etc .....but runing an enterprises.....example if i buy a property and revonate and put back in the markets ..anticipation of the sale make ,discusing with potential buyers and making the sale .....make me happy and alive .....

AA rano started selling black markets in kano depots in 1994 during endless fuel scarcity....they buy in drum and sell in kegs ,along the line they started joining money to buy whole truck from there moved to warri and Lagos to buy from source from renting trucks to owning them from renting fillion station to owning 1 from buying from depots to owning depots him self from renting vessel to owning 1 ....from riding on vespa to founding an airline ....now AA rano is doing crude swap .....he wanted to choose earn income to feed him self from the onset ...he didt plan this from 1995....it happen along the way ......

ahiboilandgas:
yes oh i luv ambition it bring fulfillment it keeps me alive ...dangote said in his interview that life without challeges will boring.....very true .....not basic challenges of foods,shelter,clothing etc .....but runing an enterprises.....example if i buy a property and revonate and put back in the markets ..anticipation of the sale make ,discusing with potential buyers and making the sale .....make me happy and alive .....

Yes indeed
I get it
A life with a drive and purpose
The need to achieve something
And make things happen

Like I said before
Keep it up sir...

Just like you
I have big ambitions
Bigger than what this country can give me
So eventually
I have to waka
To chase that golden fleece

ahiboilandgas:
AA rano started selling black markets in kano depots in 1994 during endless fuel scarcity....they buy in drum and sell in kegs ,along the line they started joining money to buy whole truck from there moved to warri and Lagos to buy from source from renting trucks to owning them from renting fillion station to owning 1 from buying from depots to owning depots him self from renting vessel to owning 1 ....from riding on vespa to founding an airline ....now AA rano is doing crude swap .....he wanted to choose earn income to feed him self from the onset ...he didt plan this from 1995....it happen along the way ......

Mhmm
That's what's up

DexterousOne:


Yes indeed
I get it
A life with a drive and purpose
The need to achieve something
And make things happen

Like I said before
Keep it up sir...

Just like you
I have big ambitions
Bigger than what this country can give me
So eventually
I have to waka
To chase that golden fleece

yes ooh do your thing.....Nigeria limits aspirations,big dreams , big imagination becos several meanless obstacle ....i spent 14 hours stuck up on traffic from benin to abuja...i spents 13hr at a spot call murtala bridge the kogi was stuck too for over 5hours ..cos lack of cranes to carry two truck that got accident on the bridge connecting north and south .....stand still starting on Friday until monday ....no moving back or fronth

DexterousOne:


Mhmm
That's what's up

vision ,aspirations and mission keep changing along the way ....from looking for income for survival to finding fulfilments ......

That traffic that had Kogi state governor also catch you?
Sorry o. Hunger wire you be that. I never understand why those trucks like going bad side by side each other.

ahiboilandgas:
yes ooh do your thing.....Nigeria limits aspirations,big dreams , big imagination becos several meanless obstacle ....i spent 14 hours stuck up on traffic from benin to abuja...i spents 13hr at a spot call murtala bridge the kogi was stuck too for over 5hours ..cos lack of cranes to carry two truck that got accident on the bridge connecting north and south .....stand still starting on Friday until monday ....no moving back or fronth

The important thing is that the person did not stay inside the house or online all shouting government this, government that, they took action one step at a time.
Life will reward those who take action rather than those who wait for handouts.

ahiboilandgas:
vision ,aspirations and mission keep changing along the way ....from looking for income for survival to finding fulfilments ......

ojesymsym:
The important thing is that the person did not stay inside the house or online all shouting government this, government that, they took action one step at a time.
Life will reward those who take action rather than those who wait for handouts.

Exactly!

Nigeria bad , Nigeria bad, we all know that

The question then become
WHAT ARE YOU DOING TO BETTER YOUR SITUATION?
If you are just sitting at home with hands on his waist doing nothing but complain

And you dont go out there to at least hustle in one (legal) way or the other
Then laziness is the person's problem

And even if the person goes abroad
The person will still not make much headway

The way OPEC is making new policies for future oil productions are mind boggling, Nigeria should just forget about oil price going up in the next months or years to come. This pandemic has really changed our world forever. China and US aren't helping matters either.. Now we know why EU and US have been developing technologies and economies that doesn't depend on oil or gas to survive. Every state in Nigeria should get ready to face the hard music, FG allocation to states will be reduced drastically in months to come.

Those who intend to invest in Oyo state prosperity bond at 14% for 12yrs should open their eyes wide... With the continued fall in oil price and reduction of FG allocation to states, we don't need a prophet to tell us that some states will certainly go bankrupt as from 2021 upwards.

Okonjo Iweala warned us to diversify our economy and prepare for hard times like this, but we ignored all her warnings, afterall, she is a woman, why would a woman tell a man what to do in Africa. Now the die is cast.

Donbrig:
The way OPEC is making new policies for future oil productions are mind boggling, Nigeria should just forget about oil price going up in the next months or years to come. This pandemic has really changed our world forever. China and US aren't helping matters either.. Now we know why EU and US have been developing technologies and economies that doesn't depend on oil or gas to survive. Every state in Nigeria should get ready to face the hard music, FG allocation to states will be reduced drastically in months to come.

Those who intend to invest in Oyo state prosperity bond at 14% for 12yrs should open their eyes wide... With the continued fall in oil price and reduction of FG allocation to states, we don't need a prophet to tell us that some states will certainly go bankrupt as from 2021 upwards.

Okonjo Iweala warned us to diversify our economy and prepare for hard times like this, but we ignored all her warnings, afterall, she is a woman, why would a woman tell a man what to do in Africa. Now the die is cast.

Reason why they are introducing new taxes.






If it fits into your investment strategy you can buy the bond

SEC will secure your Investment, when Osun State went broke bond Investors got their coupons.

It was what they had left that the state spent.

Your coupon and sinking fund for the repayment of the bond are given priority.

ojesymsym:
That traffic that had Kogi state governor also catch you?
Sorry o. Hunger wire you be that. I never understand why those trucks like going bad side by side each other.

yes ooh catch me too for 13 hours from 10.30 am to 3 am to get to abuja .....i saw his cars almost 25 units ....

You are right Sir, but that was before the pandemic and oil price was still stable. Things are just too shaky globally right now and no sign things will abate anytime soon.

emmanuelewumi:



Reason why they are introducing new taxes.






If it fits into your investment strategy you can buy the bond

SEC will secure your Investment, when Osun State went broke bond Investors got their coupons.

It was what they had left that the state spent.

Your coupon and sinking fund for the payment of the bond are given priority.

Donbrig:
You are right Sir, but that was before the pandemic and oil price was still stable. Things are just too shaky globally right now and no sign things will abate anytime soon.

If it won't fly the professional advisers and SEC won't approve the bond.


Assuming the budget of Oyo state is N100 billion and they need a N50 billion bond for 10 years bond at 14%.


About N4 billion from the state allocation from Abuja will be kept in a sinking fund every year for about 8 years. This would have grown to N50 billion by the 10 year

About N7 billion will also be used for coupon payments.

Total deduction per annum from the states account will be about N11 billion per annum or about N900 million per month

The corporate lawyers to the bond would have gotten an irrevocable guarantee from the attorney general and accountant general of the federation on what to paid to the bond from Oyo state monthly federal allocation

DexterousOne:


It's very unfortunate really.
How we opened our eyes and let this man do this wreckage to our country

Now many investment platforms returns have gone sideways, as a direct result of his misgovernance

And to think many still try to defend him and his incompetent government is still mind boggling

Many of those who voted him are worse off today than they were five years ago

I see them begging upandan, looking for school fees money for their kids or even money to eat because they have been retrenched and find it difficult to get jobs
Call me a wicked person or wizard, I dont care

But I'm happy this is happening to them and I only wish for their suffering to increase

So that by the time 2023 comes
With eight years of excruciating suffering

They will open their eyes and vote better next time.


Anyways
Let's just leave the matter as e be...

And let's continue to talk investment

We all have our opinions but please do not destroy this thread with politics and governance issues. The thread may have withstood and still withstanding other investment discussions but politics is too volatile and laced with so much sentiments over here.

Once again, I beg you to please stop discussing issues of politics here so that we can continue to enjoy this thread in peace.

Thank you.

Donbrig:
The way OPEC is making new policies for future oil productions are mind boggling, Nigeria should just forget about oil price going up in the next months or years to come. This pandemic has really changed our world forever. China and US aren't helping matters either.. Now we know why EU and US have been developing technologies and economies that doesn't depend on oil or gas to survive. Every state in Nigeria should get ready to face the hard music, FG allocation to states will be reduced drastically in months to come.

Those who intend to invest in Oyo state prosperity bond at 14% for 12yrs should open their eyes wide... With the continued fall in oil price and reduction of FG allocation to states, we don't need a prophet to tell us that some states will certainly go bankrupt as from 2021 upwards.

Okonjo Iweala warned us to diversify our economy and prepare for hard times like this, but we ignored all her warnings, afterall, she is a woman, why would a woman tell a man what to do in Africa. Now the die is cast.

It's going to really be a bumpy ride going forward

Most oil producing countries in Africa squandered the opportunity we had with the oil windfall

Now it's time to face the music
And with a government that clearly does not have a grip on things, the outlook is even grimmer

God dey sha

ojesymsym:
You and the other guy should take your talks to political section, for someone who claims to be widely traveled, this is a very low low from you. Calling people fools for exercising their belief and constitutional rights?

Juju\jazz is real. A countr3

ojesymsym:
You and the other guy should take your talks to political section, for someone who claims to be widely traveled, this is a very low low from you. Calling people fools for exercising their belief and constitutional rights?

Juju\jazz is real. A country where people prefer bad government to good government.A case study of Jonanthan government to mohamamdu government

DexterousOne:



That's also fine

Everyone has their goals in life
And we are all working assiduously towards it.
But the common goal here for everyone of us
Is for our unearned income to get to a level where it can cover most if not all our expenses.

That should be the base for every one here
Like the "worst comes to worst " level

Gbam. You are getting what iam driving at. If i want to be on forbes list, i will not be here, i will be setting up one mighty refinery or trying to invent what has not yet been invented.

ahiboilandgas:
AA rano started selling black markets in kano depots in 1994 during endless fuel scarcity....they buy in drum and sell in kegs ,along the line they started joining money to buy whole truck from there moved to warri and Lagos to buy from source from renting trucks to owning them from renting fillion station to owning 1 from buying from depots to owning depots him self from renting vessel to owning 1 ....from riding on vespa to founding an airline ....now AA rano is doing crude swap .....he wanted to choose earn income to feed him self from the onset ...he didt plan this from 1995....it happen along the way ......

Then as a little boy

AA Rano wasn't known

I'm now seeing his Tankers everywhere

NL1960:


Gbam. You are getting what iam driving at. If i want to be on forbes list, i will not be here. I will be setting up one mighty refinery or trying to invent what has not yet been invented.

One mighty refinery
My goodness

It seems you already have financiers on lock

Nezzjnr:

Then as a little boy

AA Rano wasn't known

I'm now seeing his Tankers everywhere

Big things often start small

DexterousOne:


Big things often start small

He has always been one of the persons I'm always looking on to

His business acumen alone is enough for me

I don’t intend going into his line

Nezzjnr:

He has always been one of the persons I'm always looking on to

His business acumen alone is enough for me

I don’t intend going into his line

Exactly
Another person I look up to is
Mr. Cosmas Maduka of Coscharis

His work ethic inspires me to do better

ojesymsym:
You and the other guy should take your talks to political section, for someone who claims to be widely traveled, this is a very low low from you. Calling people fools for exercising their belief and constitutional rights?

So many different topics different from treasury bills have been raised here but I didn't see u raise your voice. What I stated is also related to investment and fall In naira, but because u r one of the people I mentioned who voted d idiiot back to power for a second time, your conscience no green u keep quiet. I do not care whose ox is gored, but anybody who voted this man in a second time is a very big fool

DexterousOne:


Exactly
Another person I look up to is
Mr. Cosmas Maduka of Coscharis

His work ethic inspires me to do better

That man is just silent

My type of billionaire

Are these men really into investments?

The idea is not making them settle in Nigeria, the idea is reminding them of thier roots. Besides it would save me the d headache of coming to visit them always. In extreme weathers.

DexterousOne:


At some point
Typical African parents have to realise that the kids have their own lives to live, and decisions to make
Its happens, but is not very common to see kids born abroad who would see Nigeria as home, and a place they want to stay long term.

For some who do, just one traumatic/unsavory experience is enough to change their minds

Nezzjnr:

That man is just silent

My type of billionaire

Are these men really into investments?

Once your business has structures, systems and it is on autopilot, it becomes an investment

Guys check out this:

Akanbi kicks over Oyo proposed N100bn bond

By Paul Ukpabio
An All Progressives Congress (APC) chieftain Senator Adesoji Akanbi has raised the alarm over approval of N100 billion prosperity bond by the Oyo Executive Council to facilitate execution of priority projects for economic development in the state.
He described the decision as ill-informed and undesirable.
Akanbi, in a statement, said: “A bond, simply put, is a fiscal income made by an investor to a borrower.
“Given that there is no state that will not need borrowing to get solvent, the pertinent question remains that, at what volume can the Oyo state government afford to borrow?
“Can we as a state continue to borrow money when the economy is depleting? This causes for a disquiet concern for all and sundry.”
He added: “It is a swings and roundabouts thing. If we are to service the bond to 20 – 25% of our hard-earned IGR, it behooves us to boost our IGR significantly.
“Can the state earning below N100 billion take the said amount as a loan at this crucial moment?
“We are quick to draw comparison between Oyo state and other states without stating the realities of our IGR status.
“Lagos has about N399 billion in internally generated revenue, followed closely by Ogun state, which has recently grown its IGR by 14.1% totaling up to N70.9 billion.
“These two states are home and dry for any loan. Government needs to be more open and transparent in its deeds.
“Bond is good for developmental purpose if the terms and conditions attached are to be adequately met without shifting the burden on the hapless masses.”
He said rather than take bond, the state should increase its IGR.
“I worked with the late Lam Adesina as an economic advisor during his administration.
“We were just three then and we bought large quantities of shares to boost our IGR, which of course was frittered away by successive administrations.

Godbpraised:
The idea is not making them settle in Nigeria, the idea is reminding them of thier roots. Besides it would save me the d headache of coming to visit them always. In extreme weathers.

Okay
If that rocks your boat

But as for me
My descendants have no business with Nigeria

That is your fathers country of origin
Full stop
Be out there
And be yourselves

emmanuelewumi:


Once you business has structures, systems and it is on autopilot, it becomes an investment

Thanks a lot on this Sir

This has really been bothering me

Greenvaiper:


So many different topics different from treasury bills have been raised here but I didn't see u raise your voice. What I stated is also related to investment and fall In naira, but because u r one of the people I mentioned who voted d idiiot back to power for a second time, your conscience no green u keep quiet. I do not care whose ox is gored, but anybody who voted this man in a second time is a very big fool

My good sir
Please let bygones be bygones
Lets not talk much about the topic anymore

And if the guy you quoted responds
Please do not respond anymore
Let us let sleeping dogs lie

We know policy mistakes have contributed in no small measure to the state of things we are in today
That's irrefutable
Many here know it

So let us leave it like that
And hope things get better