The Nigerian human resource in action ....after getting work in shell with Good pay ...next is how to kill the firm ....by encouragingly pipe destruction for personal gains

In flour milling companies in Nigeria there are failed production called damage this normally gather and evacuated as waste .. (but can be sold ) at around 800k per truck ....Managers found out in connivance with production manager trigger production line issue baam we have tonnes of damages ( na senior management weekend money )...failed production keep increasing untill Turkish engineer where brought in and only the Turkish m.d can approve allocation of damage spaghetti.....damage production done dissapper.....

.

ahiboilandgas:
The Nigerian human resource in action ....after getting work in shell with Good pay ...next is how to kill the firm ....by encouragingly pipe destruction for personal gains

Short sightedness of a typical black man.
That sums this all up
Instant gratification at the expense of your future

Lazyyouth4u:

Read my comment again. Very carefully. Never in that comment did I mention that Nigeria is a rich country because of its untapped natural resources. I talked about our GDP and the fact that we are the sixth producers of oil. I haven’t even mentioned how much Nigeria makes from our LNG exports. As a country, Nigeria is not poor.

I only compared Japan’s human capital to our natural resources as someone mentioned Japan’s human capital advantage somewhere in one of those comments.

Btw, your analogy was not a good one. Nigeria can be compared to a rich man with 600 children that owns a lot of undeveloped land in prime locations. He hasn’t sold most of the land or developed them yet but he would make a lot more money when he develops all his land or sells them. The only problem is that he has too many illiterate and criminal children. When he dies, the wealth will not go round and will be kept and squandered by a few of his older criminal children while the younger ones languish in poverty.

The country makes and has lots of money. But the people are poor. The key issues are unsustainable population growth, bad leadership, corruption and inequality.

Have a great day!

We don't make a lot of money, we have the potential to make a lot of money. But we need money in order to turn the potential money to kinetic money.

$400 billion ie N160 Trillion for 200 million Nigerians will give us a per capital of about $2000 or 800k which is still poor.

Our huge population is a major limiting factor and people are still birthing children like rabbits

Lazyyouth4u:

Bros, please don’t ever quote Wikipedia and expect to be taken seriously

Read my comment again very carefully and you will see that you have just corroborated my points.

Naija get money but the money no fit go round because our population too much and some people dey thief the money. While some few billionaires dey suck all the money for themselves and their family and friends without regard for the poor.

Think for a second. Why are some so called billionaires and foreign companies cashing out (in billions of dollars) from this country every year if it was a poor country? Haba.

If get money wey no fit go round, wetin we go call that?

If you target any product or services that are consumed by the poor, you will make money. You wonder why religion, Ponzis and fast moving goods are moving fast.

You can buy minimum of N100 worth of airtime, MTN and Airtel are generating revenues of hundreds of billions and Trillions of Naira.

UAC Property Development Company will sell a housing for a minimum of N60 million for the past 5 years they have been struggling to generate N6 billion revenue or sell 80 housing units. Could not make profit in the last 6 years.

Let UAC Property Development Company carry out the necessary research and build housing units with an average selling price of N10 million and below if their revenue won't triple

ahiboilandgas:
The Nigerian human resource in action ....after getting work in shell with Good pay ...next is how to kill the firm ....by encouragingly pipe destruction for personal gains

And when Shell now leaves the country, they will start blaming Buhari.

Warri, a once thriving city is now on the rapid decline with so much unemployment. When the people there were sabotaging the IOCs just for a few gains, they thought they were doing the IOCs. They are now begging the IOCs to come back.

ahiboilandgas:
In flour milling companies in Nigeria there are failed production called damage this normally gather and evacuated as waste .. (but can be sold ) at around 800k per truck ....Managers found out in connivance with production manager trigger production line issue baam we have tonnes of damages ( na senior management weekend money )...failed production keep increasing untill Turkish engineer where brought in and only the Turkish m.d can approve allocation of damage spaghetti.....damage production done dissapper.....

This is one of the biggest problems in management
How to align management goals with owners goals
Till today the best Nugerians have gotten in solving this problem is bringing in foreigners whose social inclinations are to their home countries.........
The developed world is littered with all manners of award and recognition for people to strive for

Take flour milling for example there is no recognizable award yearly for the flour milling champion. That cuts across d industry.....an award newly recruited millers can look up and be like " I want to be like that someday"........ Rather everybody's eyes is set on money therefore why wait for salary when one can induce damages and get his cut............

Nigerian leaders should start recognizing competence especially among indigenous folks instead of being afraid of it

emmanuelewumi:



If get money wey no fit go round, wetin we go call that?

If you target any product or services that are consumed by the poor, you will make money. You wonder why religion, Ponzis and fast moving goods are moving fast.

You can buy minimum of N100 worth of airtime, MTN and Airtel are generating revenues of hundreds of billions and Trillions of Naira.

UAC Property Development Company will sell a housing for a minimum of N60 million for the past 5 years they have been struggling to generate N6 billion revenue or sell 80 housing units. Could not make profit in the last 6 years.

Let UAC Property Development Company carry out the necessary research and build housing units with an average selling price of N10 million and below if their revenue won't triple

Property developers that have moved from developing duplexes to semi-detached duplexes are making way more than those building duplexes.

When cowbell came and was making sachet milk at a low price for the poor, the likes of Peak Milk started laughing at them. Now even Milk Peak is into making milk in sachets.

emmanuelewumi:



If get money wey no fit go round, wetin we go call that?

If you target any product or services that are consumed by the poor, you will make money. You wonder why religion, Ponzis and fast moving goods are moving fast.

You can buy minimum of N100 worth of airtime, MTN and Airtel are generating revenues of hundreds of billions and Trillions of Naira.

UAC Property Development Company will sell a housing for a minimum of N60 million for the past 5 years they have been struggling to generate N6 billion revenue or sell 80 housing units. Could not make profit in the last 6 years.

Let UAC Property Development Company carry out the necessary research and build housing units with an average selling price of N10 million and below if their revenue won't triple

If it was that easy to make money there, why not put all your money directly in those sectors and come back to tell us how you have made huge returns?

I’m not talking about buying shares in those companies that control the markets. I’m talking about going there to set up businesses to make the money directly by manufacturing and selling products that cater to the poor

When the playing field is not level and a few huge businesses control the markets (with lots of help from the government), ordinary entrepreneurs will struggle to compete in that market. It doesn’t matter if they are selling to the rich or the poor. The Nigerian business environment is not as easy or as straightforward as implied in the bolded statement. But this is another story for another day...

NL1960:


Property developers that have moved from developing duplexes to semi-detached duplexes are making way more than those building duplexes.

When cowbell came and was making sachet milk at a low price for the poor, the likes of Peak Milk started laughing at them. Now even Milk Peak is into making milk in sachets.

Any product and services that the poor can afford will make make money in a poor country.

Making huge money in a poor country like Nigeria does not make Nigeria a rich or a financially independent country.

People are still making money in Maiduguri even in the midst of poverty and insecurity in the town

NL1960:


Property developers that have moved from developing duplexes to semi-detached duplexes are making way more than those building duplexes.

When cowbell came and was making sachet milk at a low price for the poor, the likes of Peak Milk started laughing at them. Now even Milk Peak is into making milk in sachets.

UAC Property Development Company does that, they build apartments. The studio flat (a room apartment) at the "Residence" is going for about N30 million

emmanuelewumi:



Any product and services that the poor can afford will make make money in a poor country.

Making huge money in a poor country like Nigeria does not make Nigeria a rich or a financially independent country.

People are still making money in Maiduguri even in the midst of poverty and insecurity in the town

That's true
Selling high volume at a low margins to poor people will make you rich in a country like Nigeria
High population
Many poor people

emmanuelewumi:



Any product and services that the poor can afford will make make money in a poor country.

Making huge money in a poor country like Nigeria does not make Nigeria a rich or a financially independent country.

People are still making money in Maiduguri even in the midst of poverty and insecurity in the town

If oil majors, telecoms companies and other multinationals along with our few billionaires are pulling out billions of dollars every year, it means that there is money in the country. There is a reason why they kill themselves to come here and not to poor countries like Somalia, Gambia or Sierra Leone.

If government wasn’t so corrupt and could slow the population growth rate while making the business environment more conducive to foster fair competition (and not allowing just a few individuals to be cashing out consistently), we will see more equitable distribution of the wealth and the changes in our standard of living.

DexterousOne:


That's true
Selling high volume at a low margins to poor people will make you rich in a country like Nigeria
High population
Many poor people

N20 mark up on 2 million units of a product sold annually is N40m in net profits
Weed sellers understand the power of volume
Though that space is now getting choked because of competitors
Just saying

Lazyyouth4u:

If oil majors, telecoms companies and other multinationals along with our few billionaires are pulling out billions of dollars every year, it means that there is money in the country. There is a reason why they kill themselves to come here and not going to Somalia, Gambia or Sierra Leone.

If government wasn’t so corrupt, could slow the population growth rate and made the business environment more conducive to foster fair competition and not allow just a few individuals to be cashing out, we will see more equitable distribution of the wealth and the changes in our standard of living.

There is money everywhere depending on your skills, tools, knowledge, advantages, connections, family history.

Meaning one can still make money in a poor community, there are villagers who are making more money than those in the cities that doesn't mean that the village environment is richer or has more potential for prosperity than in the city.

The father of my room mate in the University was a cocoa farmer based in Ondo State. As a farmer the man had 8 houses in Lagos then, the son who graduated as an Accountant has equally taken to cocoa farming after working for few years. Does that mean that village in Ondo State is rich.

We should not equate making money in an environment to concluding that such an environment is rich.

My opinion though

Grupo:


Natural resources is not wealth. It is nothing more than dirt buried in the soil.

Saying Nigeria is rich because of natural resources is like saying a poor 60 year old man without a source of income is rich because he has potentials to become a software engineer and start earning high income.

Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources?

Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit.

Essentially rich countries are rich because they know how to create wealth.

Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats).

Contrary to other view points, Nigeria is actually a rich country that lacks innovation.

Population is not the problem.

How does a country become innovative?

Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education.

Lazyyouth4u:

If it wwas that easy to make money there, why not put all your money directly in those sectors and come back to tell us how you have made huge returns?

You’re wasting your breathe arguing with paper tigers. I usually don’t suffer people who can’t put their money (assuming they even have) where their mouth is. I’ve lost money (collaborated for a Night Club/Lounge last year and learnt valuable lessons) and I’ve equally made a couple bucks here and there (currently into livestock farming). I still keep a 9-5 on a low! Anybody that wants to be taken seriously has to proffer solutions not constantly whine unnecessarily.

emmanuelewumi:



There is money everywhere depending on your skills, tools, knowledge, advantages, connections, family history.

Meaning one can still make money in a poor community, there are villagers who are making more money than those in the cities that doesn't mean that the village environment is richer or has more potential for prosperity than in the city.

The father of my room mate in the University was a cocoa farmer based in Ondo State. As a farmer the man had 8 houses in Lagos then, the son who graduated as an Accountant has equally taken to cocoa farming after working for few years. Does that mean that village in Ondo State is rich.

We should not equate making money in an environment to concluding that such an environment is rich.

My opinion though

I understand that this is your opinion and respect that. But I have mine as well and it is that Nigeria is not a poor country. The wealth just doesn’t go round. The wealth of a nation is the total of all the assets owned by its citizens.

Just based on what is reported in the formal sector, Nigeria is the wealthiest African country. Imagine adding the goods and services produced and all the money made in the informal sector? There is a huge volume of formal and informal business activities going on in Nigeria and this does not happen in poor countries.

You cannot have people consistently making billions and billions of dollars in a country that is poor. There are all these other countries with many poor people. Burundi, South Sudan, Somalia, Liberia, Sierra Leone, Gambia, Niger, Chad. Why are they not going there to make money from the poor? There’s not a lot of money there. The investors won’t go there.

In a sane country where all these huge foreign corporations and few Nigerian business men are making billions and billions of dollars, there is no way the government isn’t making its own share of taxes, dividends, JV income and other remittances.

It is our population, bad corrupt leaders and inequitable distribution of wealth that makes the citizens so poor. The gap between those mega rich people and the very poor is so so so WIDE.

My opinion

jajeri3216:


Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources?

Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit.

Essentially rich countries are rich because they know how to create wealth.

Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats).

Contrary to other view points, Nigeria is actually a rich country that lacks innovation.

Population is not the problem.

How does a country become innovative?

Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education.

I have the potential to become bill gates if I utilize my brain (which I already have, buried in my skull) and brush up my computer programming skills to create a global software like Bill gates did.

So you should start calling me a billionaire because I have potentials. Do you see how ridiculous that sounds?

I repeat, natural resources are nothing but dirt in the soil.

The same way a man's innate potentials are nothing but that until they have been tapped.

Invest in FGN Monthly Bond Auction - December 2020
Bonds & Fixed Income

The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for

N30,000,000,000 - 12.50% FGN MAR 2035 (15-Yr Re-opening)*

N30,000,000,000 - 9.80% FGN JUL 2045 (25-Yr Re-opening)*



Auction Date: December 16, 2020

Settlement Date: December 18, 2020


Summary Of The Offer

Issuer:

Federal Government of Nigeria ("FGN"



Units Of Sale:

N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter



Interest rate:

For Re-openings of previously issued bonds, (where the coupon is already set), successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus accrued interest from the original issue date.



Interest payment:

Payable semi-annually



Redemption:

Bullet repayment on the maturity date



Status:

1. Qualifies as securities in which trustees can invest under the Trustee Investment Act

2. Qualifies as Government securities within the meaning of Company Income Tax Act ("CITA" and Personal Income Tax Act ("PITA" for Tax Exemption for Pension Funds amongst other investors

3. Listed on the Nigerian Stock Exchange

4. All FGN Bonds qualify as liquid assets for liquidity ratio calculation for banks


Security:

FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of Nigeria


How To Invest

Kindly download, print and complete the tender form.

The duly completed form should be scanned and sent to:

ievbosomon@dunnlorenmerrifield.com or bbhadmus@dunnlorenmerrifield.com

* (1) The DMO reserves the right to alter the amount allotted in response to market conditions

* (2) Retail Investors are encouraged to participate



Proshare Nigeria Pvt. Ltd.

Eddee:


You’re wasting your breathe arguing with paper tigers. I usually don’t suffer people who can’t put their money (assuming they even have) where their mouth is. I’ve lost money (collaborated for a Night Club/Lounge last year and learnt valuable lessons) and I’ve equally made a couple bucks here and there (currently into livestock farming). I still keep a 9-5 on a low! Anybody that wants to be taken seriously has to proffer solutions not constantly whine unnecessarily.

Did you run it yourself or employed somebody to run it for you?.

Grupo:


I have the potential to become bill gates if I utilize my brain (which I already have, buried in my skull) and brush up my computer programming skills to create a global software like Bill gates did.

So you should start calling me a billionaire because I have potentials. Do you see how ridiculous that sounds?

I repeat, natural resources are nothing but dirt in the soil.

The same way a man's innate potentials are nothing but that until they have been tapped.

True, rich in natural wealth, poor in mind and spirit(materialism and excessive consumerism with little attempt at creating/producing).

The bane of the Nigerian man.

We simply don't have the brain power as a group and not interested in developing it.

NL1960:


Did you run it yourself or employed somebody to run it for you?.

Long story- we went throught five or six managers in nine months, last one stayed the course til the very end. We are results based, we hire you, you get a budget (everything from endorsement with Henessey to runs with Jameson) to turn things around and you get a timeline. Fail and we move on immediately, might look like a knee jerk approach to running a business. But a club is just no ordinary business unless you use it to clean money. We cut our losses after a year and moved on, so many valuable lessons learnt with regards to actually running a business that depends on people (staff, customers, promoters) ’showing up’

jajeri3216:


Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources?

Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit.

Essentially rich countries are rich because they know how to create wealth.

Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats).

Contrary to other view points, Nigeria is actually a rich country that lacks innovation.

Population is not the problem.

How does a country become innovative?

Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education.

Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources?

The answer is NO...

Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit.

Rich country buys commodities and ADD VALUE to them
That's true
However you will agree with me that regardless of how much the commodities sell, the very fact that value was added to it, the commodity seller will always have the short end of the stick


Essentially rich countries are rich because they know how to create wealth.
True
They know how to CREATE AND DEFEND THEIR WEALTH

Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats).

Nothing stop commodity exporters from forming cartels
OPEC did it and succeeded
Other commodities with inelastic demand can also fo same
But that in itself wont be enough
Poor countries are poor largely because they cannot create wealth, nor understand the rules to doing so




Population is not the problem.
Our Population GROWTH RATE is a serious problem

The population already here is not much of a problem in comparison with the population GROWTH RATE
With the rampant growth rate
It's an economic disaster



Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education.
Correct

Eddee:


Long story- we went throught five or six managers in nine months, last one stayed the course til the very end. We are results based, we hire you, you get a budget (everything from endorsement with Henessey to runs with Jameson) to turn things around and you get a timeline. Fail and we move on immediately, might look like a knee jerk approach to running a business. But a club is just no ordinary business unless you use it to clean money. We cut our losses after a year and moved on, [b]so many valuable lessons learnt [/b]with regards to actually running a business that depends on people (staff, customers, promoters) ’showing up’

Mind to share these valuable lessons?.

Lazyyouth4u:

I understand that this is your opinion and respect that. But I have mine as well and it is that Nigeria is not a poor country. The wealth just doesn’t go round.

Just based on what is reported in the formal sector, Nigeria is the wealthiest African country. Imagine adding the goods and services produced and all the money made in the informal sector?

You cannot have people consistently making billions and billions of dollars in a country that is poor. There are all these other countries with many poor people. Burundi, South Sudan, Somalia, Liberia, Sierra Leone, Gambia, Niger, Chad. Why are they not going there to make money from the poor? There’s not a lot of money there. The investors won’t go there.

In a sane country where all these huge foreign corporations and few Nigerian business men are making billions and billions of dollars, there is no way the government isn’t making its own share of taxes, dividends, JV income and other remittances. There is a huge volume of formal and informal business activities going on in Nigeria and this does not happen in poor countries.

It is our population, bad corrupt leaders and inequitable distribution of wealth that makes the citizens so poor. The gap between those mega rich people and the very poor is so so so WIDE.

My opinion

Why making all these excuses?

Nigerias GDP is higher than Finland, Israel, Ireland to name a few and yet thousands of Nigerians leave Nigeria to go and do manual jobs in these same countries. Why not the other way round nah?

I don't know what you think wealth is, but if the standard of living of the average man is below par, how can you call that country wealthy.

Apart from oil and gas which other foreign corporations are in Nigeria making it big, raking in billions?
Don't mention telecom sector because it is in every country poor and rich.

NL1960:


Mind to share these valuable lessons?.

Why not. For clubs - size does matter, the smaller the better. Our space was just too big, makes it very difficult to fill up on ‘dry days’ and boy there are many dry days.

Operating cost/Working Capital - No Light (this one is a serious problem). when business doesn’t go as planned, the moral thing to do is not owe people. We didn’t reduce salaries like other competitors did and we paid the highest. We downsized but in the end we had to pull the plug so we don’t owe or reduce people’s means of livelihoods. As someone with considerable experience in Finance, we had long term framework agreements so we didn’t have supply related challenges (diesel, drinks, food etc). But we just couldn’t break-even.

Taxes - need I say more. Biggest challenge for Nigerian businesses is double-taxation. But this isn’t a problem if you file properly and are willing to visit your area tax office often instead of dealing with middlemen/agents and help them with the calculation if necessary.

Target market - our greatest undoing. We underestimated the loyalty points existing businesses had built in our chosen niche and their attendant reach and we paid dearly.

NL1960:


And when Shell now leaves the country, they will start blaming Buhari.

Warri, a once thriving city is now on the rapid decline with so much unemployment. When the people there were sabotaging the IOCs just for a few gains, they thought they were doing the IOCs. They are now begging the IOCs to come back.

My brother, Warri is a microcosm of the Nigerian failure.
When they were doing all the nonsense kidnapping and other crap, they thought the IOCs had no choice but to put up with it because "money dey here na".

Now look at the place. It's a shadow of its former self, just like Nigeria as well, and on the way to obscurity and irrelevance except as a case study in How Not to Shoot Yourself in the Foot, most probably just like Nigeria as well.

DexterousOne:



Can you make batteries, computers, aircraft's, pharmaceuticals, construction, mobile phones without natural resources?

The answer is NO...

Rich countries buy cheap commodities from the global market and add value to it , then sell back to poor countries for maximum profit.

Rich country buys commodities and ADD VALUE to them
That's true
However you will agree with me that regardless of how much the commodities sell, the very fact that value was added to it, the commodity seller will always have the short end of the stick


Essentially rich countries are rich because they know how to create wealth.
True
They know how to CREATE AND DEFEND THEIR WEALTH

Poor countries are poor because they don't determine commodity prices and lack the innovation to create wealth.(western cheats).

Nothing stop commodity exporters from forming cartels
OPEC did it and succeeded
Other commodities with inelastic demand can also fo same
But that in itself wont be enough
Poor countries are poor largely because they cannot create wealth, nor understand the rules to doing so




Population is not the problem.
Our Population GROWTH RATE is a serious problem

The population already here is not much of a problem in comparison with the population GROWTH RATE
With the rampant growth rate
It's an economic disaster



Environment, ip protection, entrepreneural and risk taking culture, infrastructure and education.
Correct

If Nigeria has a social protection system I'd agree that the population is a problem, but it doesn't.

Once again population is not the issue.

thattnaijaman:
Invest in FGN Monthly Bond Auction - December 2020
Bonds & Fixed Income

The Central Bank of Nigeria on the authority of The Debt Management Office on behalf of the Federal Government Of Nigeria Offers for Subscription by Auction and is authorized to receive applications for

N30,000,000,000 - 12.50% FGN MAR 2035 (15-Yr Re-opening)*

N30,000,000,000 - 9.80% FGN JUL 2045 (25-Yr Re-opening)*



Auction Date: December 16, 2020

Settlement Date: December 18, 2020


Summary Of The Offer

Issuer:

Federal Government of Nigeria ("FGN"



Units Of Sale:

N1,000 per unit subject to a minimum subscription of N10,000 and in multiples of N1,000 thereafter



Interest rate:

For Re-openings of previously issued bonds, (where the coupon is already set), successful bidders will pay a price corresponding to the yield-to-maturity bid that clears the volume being auctioned, plus accrued interest from the original issue date.



Interest payment:

Payable semi-annually



Redemption:

Bullet repayment on the maturity date



Status:

1. Qualifies as securities in which trustees can invest under the Trustee Investment Act

2. Qualifies as Government securities within the meaning of Company Income Tax Act ("CITA" and Personal Income Tax Act ("PITA" for Tax Exemption for Pension Funds amongst other investors

3. Listed on the Nigerian Stock Exchange

4. All FGN Bonds qualify as liquid assets for liquidity ratio calculation for banks


Security:

FGN Bonds are backed by the full faith and credit of the Federal Government of Nigeria and are charged upon the general assets of Nigeria


How To Invest

Kindly download, print and complete the tender form.

The duly completed form should be scanned and sent to:

ievbosomon@dunnlorenmerrifield.com or bbhadmus@dunnlorenmerrifield.com

* (1) The DMO reserves the right to alter the amount allotted in response to market conditions

* (2) Retail Investors are encouraged to participate



Proshare Nigeria Pvt. Ltd.

Please is this reopening or a new bond

ositadiima1:


Why making all these excuses?

Nigerias GDP is higher than Finland, Israel, Ireland to name a few and yet thousands of Nigerians leave Nigeria to go and do manual jobs in these same countries. Why not the other way round nah?

I don't know what you think wealth is, but if the standard of living of the average man is below par, how can you call that country wealthy.

What excuses? Are you even reading my comments well? Let me try to simplify for you.

Your father is wealthy and has 60 wives and 600 children. Does it mean that you and all your 599 siblings will be living a good life? Go and ask children of rich polygamous men if you don’t know how it works.

Also, If you and some of your brothers and sisters leave your papa house to search for greener pastures on your own by picking menial jobs in another man’s company where the pay is decent and you can live a better life than you were living in your papa polygamous home (where only the children of your papa first wife are enjoying and controlling the wealth), does it mean your father is poor?

Anyhow, this is my opinion. I understand you don’t agree with it. So please let’s move on.