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My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 - Politics (2) - Nairaland

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Kachikwu Accused Of Sparing Friend in the NNPC Ongoing Restructuring Exercise / Naira Further Crashes To N245 Per Dollar As Reserves Rise / Time For Change In Niaja! (2) (3) (4)

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Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by KnowAll(m): 5:19pm On Jun 05, 2009
Na wa o - Sombody advised u that tomato was selling more than onions  u then decided to sell all yr onions to invest in tomato - What about to your brain and all your foreign educational background - what happen to  research, annual reports and co.  lol


Do you know that stocks rises and fall, infact I forgot to mention that the stocks grew from N2 Million to N3.8 Million within the first 8 months of buying the stocks, I should have cashed it then, but we are all human we all want it to go even higher plus the banks did not release our certificates on time, so even if u want to sell u are stuck.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Kobojunkie: 5:19pm On Jun 05, 2009
Are you saying all those who lost millions across the globe in this crisis did not do their research and what nots as well?

1 Like

Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by TayoUK(m): 5:51pm On Jun 05, 2009
@Poster Knowall: You are a true hustler like millions of other Nigerians and this is a very good point you are raising here, especially for the people outside Nigeria. I’m sure that this thought is going through so many Nigerians head. At least the ones ready to take up a new challenge, the ones ready to step out of that comfort zone that abroad offers and the ones that are not only looking at every bad side of Nigeria.

I can’t blame people that don’t want to take that risk of going back to Nigeria to try something new, there’s no better teacher than personal experience and that might be the reason some people still believe that Nigeria is still a shit hole. Nigeria is a developing country and there are so many opportunities out there and from our experiences abroad, we can somehow make good use of that to establish successfully there. (Maybe with a little bit of luck) Some people with no good adviser are still trying to get UK visa for more than a million naira while some will start a very good business with half of that money. Who no go, no go know grin you have seen abroad and this topic is not about telling everyone that’s not all bed of roses but we thank God for the opportunity.

Let’s look at it this way, 10yrs ago, you won’t dream of ATM (cash machine) in the streets of Nigeria (maybe I’m wrong) but that out of many other things happening there right now will convince you that it might take time but the country is definitely changing and for good too, the question is, do you want to be part of the system while it’s changing or you prefer to just sit in already developed and recession ridden countries. I know what my option is cheesy. My manager asked me last week if this global recession is affecting Nigeria, I told him, what’s recession? I just laughed; I said Nigeria has been in recession since I was born. Or maybe someone out there can prove me wrong by telling this forum when was the last time in Nigeria we only have 5% unemployment of the total population? I’m sure unemployment in Nigeria was never less than 20-30% and with no opportunity of any government offering any benefit to any unemployed families. That’s our country, that why we are all smart, either in good or bad way, depends on the way you want to look at it. Most of us grew up from the family that can’t afford three-square meals a day. l won’t forget fighting with my brother every Easter and Xmas for whose turn chicken head is, because our parent can only afford chicken during the festive time. I can buy cow now if that’s what my problem is but the fact that I have the opportunity of eating a whole chicken meal for lunch now won’t stop me from looking far ahead and won't forget all that country have to offer. I'm amazed how much the country have developed. Take this internet/forum we are using for example, think of how many people you can reach out to?

Some people are happy living from hand to mouth, working everyday for overtime, and work to pay off the mortgage at the age of 70 (if you are not paying just interest only) before you start enjoying your life and the pension. And the fact you even overdraft showed you have a good credit history, LOL. cool One of the guys said in this thread that you have to make sure you sort your permit out. Yes, this is important too, in case it all go wrong but please just don’t do it just because your friend did it and get away with it. You have to be mentally ready for it because it might not start smoothly as you think but if you apply all your knowledge, education and experience from travelling abroad and didn’t go to Nigeria, trying to change the system, the sky might be your limit. It’s happening over there now. I have so many guys that left this country and doing very well over there in Nigeria and there are others who ran back but the percentage of people running back are small compare to people going back there.

Nigeria is not good but it’s our country and you only see what you want to see there, i think that's the trick. If you are after the good side of Nigeria, there are so many things to inspire you and if the bad side is what you are after, trust me, you will find so many too and you might even decide not to talk to Nigerians abroad. Just like any other country in the world, we have our bad side we are working on and it will never be totally eradicated.

Good luck to everyone and sorry for the long reply, just a very good interesting topic and I can just go on and on, grin grin grin grin
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 7:00pm On Jun 05, 2009
LIES AND LIERS.

BETWEEN BEING BEATEN, POOR AND LIVING HAND TO MOUTH ABROAD AND ENJOYING QUALITY OF LIFE, AND BETWEEN HAVING MILLIONS IN YOUR ACCOUNT IN NIGERIA, WHICH ONE DO YOU PREFER? AND WHO SAID NIGERIA CANT OFFER QUALITY LIFE? IN NIGERIA, YOU ENJOY MORE QUALITY LIFE THAN ABROAD, YOUR MONEY SPEAKS FOR YOU, QUALITY LIFE ABROAD, WHERE IS IT?
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by blunt1990: 9:13pm On Jun 05, 2009
Quality life indeed!! I wonder where Nigeria would have been if the likes of Zik, Awolowo and A.T. Balewa stayed back to enjoy the ''quality'' life in US and UK. I also imagine what would have been left of Nigeria if Dangote, Adenuga, Ovia, Elumelu, Otedola and other investors left Nigeria for the ''quality'' life in ''Iraq'' and China''

We have three categories of people; people who have set their mind to earn salary the rest of their life, and can be sacked at any time, secondly, people who crave to reach the peak of their career while they work for other people and thirdly, people who wish to be the best in their discipline/career by being inventive and creative.

Why the stress on people who wish to go back to Nigeria to start up a business/consultancy for financial returns? This is absolutely absurd!! The primary purpose of every business venture is to make profit. Exceptional service delivery attracts and keeps clients hence business growth and only on that note can a company spread and subsequently create employment. I say it ''all paid jobs absorb and degrade the mind''
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Kobojunkie: 9:15pm On Jun 05, 2009
And here again, this is being turned into yet another NIGERIA VS ABROAD argument. I wonder if people spend time reading at all.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 9:29pm On Jun 05, 2009
if the slave trade were now, most Nigerians abroad will gladly give themselve up as slaves to the white man rather than getting freedom to live where they belong - quality of life my foot.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Kobojunkie: 1:05am On Jun 06, 2009
It will be foolish  to assume that ALL Nigerians who live abroad are living hand to mouth. In fact, I believe that majority of those who live foot to mouth are the ones who harbor fantasies of going back to make millions, that they never really worked hard for, back home, and live like kings while they turn a blind eye to those around them who never left in the first place, but have lived on next to nothing most all their lives.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by sage(m): 1:29am On Jun 06, 2009
this AjaraEwuro guy

use regular caps and stop yarning dust. Naijas overseas are telling u they enjoy the quality of life they are getting and ur screaming. Wetin be ur own? Stay 4 Naija they enjoy am abi. Nobody they follow u fight ur enjoyment there. Leave those that prefer life abroad the enjoy it 2.

Una see me see wahala?
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 3:34am On Jun 06, 2009
Sage

Your head is so bg swollen that you can not see my location, who told you i am in Naija? and if I scream, why dont you scream back? bottom nauhter.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Nobody: 3:52am On Jun 06, 2009
Kobojunkie:

It will be foolish  to assume that ALL Nigerians who live abroad are living hand to mouth. In fact, I believe that majority of those who live foot to mouth are the ones who harbor fantasies of going back to make millions, that they never really worked hard for, back home, and live like kings while they turn a blind eye to those around them who never left in the first place, but have lived on next to nothing most all their lives.

End of discussion.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by sage(m): 4:46am On Jun 06, 2009
kool. Then go back Naija and go enjoy the country abi?
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by KnowAll(m): 6:48am On Jun 06, 2009
The truth must be said whether we like it,  Goverments all over the world has a duty of care  to her citizens. The beauty of democracy is a non-performing goverment gets thrown out of office. The prime minister of GB at moment is fighting for his political life, he might be gone by the end of next week with 4 of his top cabinet minsters resigning.

The Nigeria goverment should put some things in place nobody is saying they should employ anybody the small enterprise will do that. Small enterprises in most developed countries employ 65 to 70 % of the population. This Goverment should give us :-


1. Electricity
2. Good roads and other alternative transport modes linking our various towns and cities.
3. Business GRA's. I am quite suprise the various state and federal goverment are quick to build GRA's housing estates in their state capitals but no one thought of building business estates. - Business esate useually have warehouses for distribution companies, haulaging facilities for lorries, small high tec offices that can be used by small enterprises for IT, FINANCE, Insurance and banking.

If the goverment can at least deilver the 1st two, the country will be half way there.

My conclusion will be that Abroad kind of edge it for now because of the electricity sitiuation in Naija, having said that why discourage anybody that has lived abroad for over 10 years or even less from going back to the home country. Some people might look at it and say to themselves I have seen everything out here and I need a change of enviroment, for others it might be for their kids growing up and they want them to be nigerians in their thinking rather than for them floating somewhere between the 2 cultures.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by jaybee3(m): 7:40am On Jun 06, 2009
@Knowall
What's the full meaning of GRA?
They can't build business GRA's as it's meant for residential purposes only.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 8:44am On Jun 06, 2009
how much do you earn abroad, even cleaners and sweepers are talking, and those medical doctors and bankers at home who resigned to go abroad to sweep gutters - is that a search for quality life or a search for an in existence quick way to make money? Instead of you to compare yourself with your folks at home, you are here saying quality of life - your mates who dont have quality of life in Nigeria are credit free, overdraft free, and living in their own houses - not mortgaged houses, and they ride their fully paid for cars. Go home and check the people you left home when you went abroad, go and comapre their life with your life and come back here to jist. I for one had to start a business in Nigeria when i saw the people I left at home - far, far, far gone, and none of them has even stepped outside Naija b4.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by KnowAll(m): 9:08am On Jun 06, 2009
GRA's

GRA''s - Goverment reserve areas, it is up to the goverment to build whatever they like on such lands.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by REALTRUTH1: 9:34am On Jun 06, 2009
AjaraEwuro:

how much do you earn abroad, even cleaners and sweepers are talking, and those medical doctors and bankers at home who resigned to go abroad to sweep gutters - is that a search for quality life or a search for an in existence quick way to make money? Instead of you to compare yourself with your folks at home, you are here saying quality of life - your mates who dont have quality of life in Nigeria are credit free, overdraft free, and living in their own houses - not mortgaged houses, and they ride their fully paid for cars. Go home and check the people you left home when you went abroad, go and comapre their life with your life and come back here to jist. I for one had to start a business in Nigeria when i saw the people I left at home - far, far, far gone, and none of them has even stepped outside Naija b4.
To me,,U re just a lousy brat,,no intention to be insultive,,in terms of seriousness of a Nation,,there is no way U can compare Nigeria with Ghana talkless of developed world like US,,,If all Diasporans returned back to Nigeria,,,tell how in this world would Naija be able to absolve them,,A country that does not know its population,,a country where everything is exagerated,,a country where the minister for youth a few months back declares over 75Million youths re unemployed,,
The reason why you see people making abnormal profits in Naija is simply cos the country is poorly structured in all its ramifications,,Financial accountability in naija is zero,,when U say people re making money,,what exactly re they doing?what kind of business re they involved in?who re there target markets?could it be the 75Million unemployed youths or the rest of the underpaid employed personnel?Life is not all about money,,,and if U live in a country like US,,,if making money is what you want,,,I see no reason why you can't make the money,,,its only in naija you see a civil servant building mansions from a salary of #30,000 a month,,,and here we have people celebrating criminals by assessing their ill-gotten money,,,or like most bankers today,,they commit fraud in their variuos banks because there is no proper control mechanism or audit,,,The only kind of personality that would salvaged Nigeria is the Governor of Lagos state,,,otherwise,,,let me not say it here,,
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Nobody: 9:54am On Jun 06, 2009
REAL TRUTH:

To me,,U re just a lousy brat,,no intention to be insultive,,in terms of seriousness of a Nation,,there is no way U can compare Nigeria with Ghana talkless of developed world like US,,,If all Diasporans returned back to Nigeria,,,tell how in this world would Naija be able to absolve them,,A country that does not know its population,,a country where everything is exagerated,,a country where the minister for youth a few months back declares over 75Million youths re unemployed,,
The reason why you see people making abnormal profits in Naija is simply cos the country is poorly structured in all its ramifications,,Financial accountability in naija is zero,,when U say people re making money,,what exactly re they doing?what kind of business re they involved in?who re there target markets?could it be the 75Million unemployed youths or the rest of the underpaid employed personnel?Life is not all about money,,,and if U live in a country like US,,,if making money is what you want,,,I see no reason why you can't make the money,,,its only in naija you see a civil servant building mansions from a salary of #30,000 a month,,,and here we have people celebrating criminals by assessing their ill-gotten money,,,or like most bankers today,,they commit fraud in their variuos banks because there is no proper control mechanism or audit,,,The only kind of personality that would salvaged Nigeria is the Governor of Lagos state,,,otherwise,,,let me not say it here,,

Your comment is in accordance with your user name.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by proudly9ja(m): 10:17am On Jun 06, 2009
I think the answer to this issue is in what the new CBN governor said and kobojunkie quoted some posts back and which I paraphrase below. When we say things are getting better in Nigeria, do we mean more people can now afford to eat 3 square meals and more people can afford quality education?

I will all add that people live Nigeria and people return for different reasons. I have often told friends and anyone who cares to listen that what I believe should be paramount in an individual's life is how to fulfill his dreams. Our dreams differ. This dream does not have to be tied to money. My grandfather and my head of department in Uni back in Naija used to tell me to work towards making a name for myself and that eventually, that name will bring in the money. I saw it in their lives and I purposed to emulate them. So far, I do not regret it. Where ever you believe will help you achieve this dream, be it Shanghai, or Accra or even Freetown, please go there and seek it.

I did not come to the UK because I was suffering in Nigeria. I came in pursuance of my dream which I didn't see happening in Nigeria. By God's Grace, things are going on well so far. Maybe I should mention this now, if I had stayed back in Nigeria, I probably would have more money in my account because I had 2 very good job offers straight from Uni and was already working in a bank. But right now, I am fulfilled. Like I tell people, I am in the place and position I saw myself in when I was a boy. Would the boy I was be proud of the man I am? The answer is Yes!

Therefore to people who want to return home or are home and want to travel abroad, you should first set out your goals and ask yourself what you hope to achieve. For those returning home, please I beg you, don't tie it down to naira and kobo especially if its illegal. Nigeria is a totally lawless land. If all we want to go back and do is plunder the land, then we are no different from the politicians we rain insults on everyday on NL. Seek to better the lives of people and yours too. For those who are here or are planning to come, Il also advice, set up a business back home no matter how small while you chase/live your dream here. Don't invest heavily in it at first as economy is very unstable. Start small and let it grow. In time, you will reap the fruits.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by KnowAll(m): 10:23am On Jun 06, 2009
This thread is really not about Abroad v Naija. It is about personal and individual prefrences in life and I think everyone should have the right to determine where he or she wants to live the rest of their lifes irespective of any underline comparative andvantage or disadvantage that Nigeria or Abroad might have.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by connkg(m): 10:37am On Jun 06, 2009
@Poster:  Nice Reading, Very Informative!

My 2p,
1. The McDonalds example is a little unsuitable in scale. To build a business, one decides what product - goods or service - to sell for a profit. If the choice is to sell goods, the more items one sells, the less the profit per item. Process Industries that produce items by the thousands can afford a 3cent-profit per item, making you wonder at the cost of packaging and presentation (in a cooled or warm environment). The Nigerian govt only seems interested in Oil and Gas, leaving private investors to the Cement, Pharmaceutical, Plastics, Glass and recently, Steel/Metal industries. The demands for electricity, good road networks, political/ governmental support and host-community relationship has never been stronger.
My Point: McDonalds is an International Process Industry. The can afford a 3c profit/ item.
2. I want to make a product in Nigeria. I want to sell goods, directly consumable items. I look for land to build a factory. That is problematic because it is seen as a political move to develop one LGA instead of another. Most of the time, a few years down the line, I have problems with two neighbouring communities who both lay claim to the industrial site. No governmental support.
If I succeed in building, I need to provide water and electricity on-site. I also need to ensure disposal from site. Transportation of workers and disposal costs will push me back to my point on road networks.
If I begin production, I will have to pay staff salaries and sundry production costs of materials and overheads. I will not make profit for at least, 18months (depending on the scale of my industry).

My point: I need a loan. Back to square 1.
I challenge ALL who have the means!  (((I WANT to be one of them!)))
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by SkyBlue1: 10:38am On Jun 06, 2009
@Poster, thanks for the thread, if anything I respect your sincerity, it isn't so common on this forum. The truth is that a lot of people abroad consider the possibility or returning to Nigeria. Living in places like U.K especially really isn't all that at all, a lot of people actually end up having a poor quality of life due to the stress that is attainable with living in such places. A lot of people work so hard to make money they can't even enjoy. At the end of the day it depends on what is important to you and if you feel you would be able to attain more joy and fullfilment in starting an enterprise in Nigeria then by all means consider it, I would only advice you to do some serious and strategic planning. Think with a clear head and don't let this thread easily degenerate into the silly comparisons between Nigeria and everywhere else, home is home.

Enterprises add a huge ammount to a country in so many ways because you hire people, you pay taxes, you provide a service, etc. The group who opened the Palms shopping mall in lagos apart from opeining the biggest shopping mall in the country and providing services like cinemas, etc, also created employment for a lot of people, provided revenue for the state via taxes and made a pretty good profit (to put is quite mildly). Again, enterprises potentially do a lot for nation building in their own right. Just because you want to start an enterprise does not mean you are ruthless and out to get all you can for yourself alone. Nigeria is high risk but a lot of opportunities DO exist. It is time the private sector arose to the challenge of nation building too. There are so many opportunities to provide services which would apart from being an enterprise, would also improve quality of life of the people in the country.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by KnowAll(m): 10:45am On Jun 06, 2009
"how much do you earn abroad, even cleaners and sweepers are talking, and those medical doctors and bankers at home who resigned to go abroad to sweep gutters - is that a search for quality life or a search for an in existence quick way to make money? Instead of you to compare yourself with your folks at home, you are here saying quality of life - your mates who dont have quality of life in Nigeria are credit free, overdraft free, and living in their own houses - not mortgaged houses, and they ride their fully paid for cars. Go home and check the people you left home when you went abroad, go and comapre their life with your life and come back here to jist. I for one had to start a business in Nigeria when i saw the people I left at home - far, far, far gone, and none of them has even stepped outside Naija b4."


The above poster I think is a bit confused with the whole concept of over draft facilty giving to individuals and businesses abroad,  I think the above poster reckons that if your account is overdrawn then you must be penniless. He needs to be educated on what it entails, OD is a module or facilty that the banks give to individuals or businesses based on the  revenue hitting the account. For instance it was in the news recently that Newcastle United FC has slashed its OD facilty with the bank from £40 million to £20 million. You can imagine how much the banks are making on each and every citizen and busineses that are constantly using this facilty.  The banks will not give me £10 million OD but if I have £5000.00 hiiting the account every month there is the tendency that they might be able to give me as much as £3000.00 OD.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 10:49am On Jun 06, 2009
KnowAll:

"how much do you earn abroad, even cleaners and sweepers are talking, and those medical doctors and bankers at home who resigned to go abroad to sweep gutters - is that a search for quality life or a search for an in existence quick way to make money? Instead of you to compare yourself with your folks at home, you are here saying quality of life - your mates who dont have quality of life in Nigeria are credit free, overdraft free, and living in their own houses - not mortgaged houses, and they ride their fully paid for cars. Go home and check the people you left home when you went abroad, go and comapre their life with your life and come back here to jist. I for one had to start a business in Nigeria when i saw the people I left at home - far, far, far gone, and none of them has even stepped outside Naija b4."


The above poster I think is a bit confused with the whole concept of over draft facilty giving to individuals and businesses abroad,  I think the above poster reckons that if your account is overdrawn then you must be penniless. He needs to be educated on what it entails, OD is a module or facilty that the banks give to individuals or businesses based on the  revenue hitting the account. For instance it was in the news recently that Newcastle United FC has slashed its OD facilty with the bank from £40 million to £20 million. You can imagine how much the banks are making on each and every citizen and busineses that are constantly using this facilty.  The banks will not give me £10 million OD but if I have £5000.00 hiiting the account every month there is the tendency that they might be able to give me as much as £3000.00 OD.

Stay there and make yourself happy - teach me about the UK and America - I have lived there and still live there.  When I came into the UK, I opened a student account, and up till my Masters degree - I have overdraft of £3000 pounds - what revenue does the bank expect to hit a student account? I also have other accounts with OD facility, you people just think everyone knows nothing about UK and stuff?
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 10:51am On Jun 06, 2009
REAL TRUTH:

To me,,U re just a lousy brat,,no intention to be insultive,,in terms of seriousness of a Nation,,there is no way U can compare Nigeria with Ghana talkless of developed world like US,,,If all Diasporans returned back to Nigeria,,,tell how in this world would Naija be able to absolve them,,A country that does not know its population,,a country where everything is exagerated,,a country where the minister for youth a few months back declares over 75Million youths re unemployed,,
The reason why you see people making abnormal profits in Naija is simply cos the country is poorly structured in all its ramifications,,Financial accountability in naija is zero,,when U say people re making money,,what exactly re they doing?what kind of business re they involved in?who re there target markets?could it be the 75Million unemployed youths or the rest of the underpaid employed personnel?Life is not all about money,,,and if U live in a country like US,,,if making money is what you want,,,I see no reason why you can't make the money,,,its only in naija you see a civil servant building mansions from a salary of #30,000 a month,,,and here we have people celebrating criminals by assessing their ill-gotten money,,,or like most bankers today,,they commit fraud in their variuos banks because there is no proper control mechanism or audit,,,The only kind of personality that would salvaged Nigeria is the Governor of Lagos state,,,otherwise,,,let me not say it here,,

I say go back home and look at the friends you left in Nigeria, your mates, see where they are and see where you are now. You will be comfortable with your qulaity of life while they are comfortable in theri own houses, cars, businesses etc while you clean the streets of the white man's land, face facts, face reality, or just keep quiet.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by REALTRUTH1: 1:01pm On Jun 06, 2009
AjaraEwuro:

I say go back home and look at the friends you left in Nigeria, your mates, see where they are and see where you are now. You will be comfortable with your qulaity of life while they are comfortable in theri own houses, cars, businesses etc while you clean the streets of the white man's land, face facts, face reality, or just keep quiet.
  I am not the only one asking you 2 use HEAD here,,even the poster and others have said same,,Bottomline,,how do you reconcile a council or civil servant worker or a banker whose salaries does not commesurate to the wealth(stolen) they now have? how do you compare the Quality of life for someone like OBJ and Clinton of USA,,knowing fully well that OBJ is a million times richer than clinton,,,The criminals in Nigeria can only have respect for their wealth from people like you.If you think every Nigerian abroad does cleaning job,,you re just living in bitterness,,,may be that is the case in UK anyway,,,,OBJ son by stella works in a law firm in the US,,and he earns over $250000 per annum,,why didn't he go back to naija,,why does all the thieves in Nigeria have their kids schooling abroad,,and if they have the chance,,they also work,,,why do people scramble to work in Nigeria high commission in the USA?
You talk about money,,what is Nigerias total earning or revenue in a year?what is the size of the budget viz-a-vis the population?The idea is not about money,,it is simply asking urself,,where would Nigeria be in 5 or 10 years from,,,a couple of days ago,,our new sensational,effective and functional Governor BRF raised an alarm over the Nigeria economy,,and you with ur myopic reasoning is talking of money,,,Having potential to make or create wealth is different from reality of actually utilising those potentials,,,one of the reasons for kidnapping of fellow blacks in naija for ransom is the fact that probably 60% or 70% of Nigerians re unemployed.
A further question is why did Ngozi Okonjo Iweala left naija and back to d US?You what? I am one of the Nigerians who have decided to start treating Nigeria like the Indians,politicians,chinese and libyans treats Nigeria in naija.Make the money in Nigeria and don't  live in nigeria,,,I ve a couple friends who re doing this right now,,,and am joining them,,,I also want the free,heartless and conscienceless money like otedola and dangote.By the way,,do you know Otedola has his family in the UK??Do you also know Charles does too??
The reason why naija is where it is today is because of her indolent and timid citizens and people like you,,,why do you respect a man who makes indecent money?why do you respect a man because he owns a private jet or drives a big car,,thats stupid poverty mentality, Warren Buffet,,the richest man in the world,,drives just one car,,and old car for that matter,,my car is even more expensive than his,,my house I live in is more expensive than his,,he has been living in just that house over 50 years ago,,,H e owns a lot of companies,,,one of them is a private Jet company,,,yet he does not have a private Jet,,In Nigeria,,,what would you call a man like this  You would say he is a mad man,,,infact he not be respected by you.How can you be happy in an environment where more than 90% of people around you re not happy?well that is possible in naija,,Fela has sang this long ago!!
  My annoyance is that,,people just want to keep singing the praise of naija without wanting to make naija earn her praise,,
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Kobojunkie: 2:58pm On Jun 06, 2009
I really hope to read your response to this @Conn-kg, cause I believe you completely missed the point in bringing in the mcdonalds example and I would like for you to better understand the statements made.

conn-kg:

@Poster: Nice Reading, Very Informative!
My 2p,
1. The McDonalds example is a little unsuitable in scale. To build a business, one decides what product - goods or service - to sell for a profit. If the choice is to sell goods, the more items one sells, the less the profit per item. Process Industries that produce items by the thousands can afford a 3cent-profit per item, making you wonder at the cost of packaging and presentation (in a cooled or warm environment). The Nigerian govt only seems interested in Oil and Gas, leaving private investors to the Cement, Pharmaceutical, Plastics, Glass and recently, Steel/Metal industries. The demands for electricity, good road networks, political/ governmental support and host-community relationship has never been stronger.
My Point: McDonalds is an International Process Industry. The can afford a 3c profit/ item.
This reference was not about the size of McDonalds, but just to point out that businesses do not have to make 100-200% or higher profit on each item sold as seems to be the case with a huge number of businesses in Nigeria, to break even or successfully run their enterprise.
I understand the cost that goes into building a business in Nigeria, I have one, but majority of the businesses tend to expect to make back all set up cost and profits in the first month even. I remember a friend of mine here who goes out to purchase designer goods and wears from the discount/sales stores here. He would raid stores like Nordstrom’s, Macy’s, Loehmanns to get the best he can. His cost averages about $500 to $1000, sends it to Nigeria via USPS mail (insured) and then makes a profit of about $10,000 at the end of the day. In his mind, he is convinced he is contributing to the good of Nigeria by selling those goods to those who need them, even with the outrageous markup. I am not saying it is not legit but something’s are just too ridiculous to me. Now, this same guy goes to Nigeria, but he always complains about how outrageously expensive everything down there seems to be. He complains about how it costs so much more down in Nigeria to live each day than it does here in the US. And I wonder if at some point he will ever figure out that he is part of the reason why life is that expensive down in a third world country. Lol

Definitely, businesses ought to make profits and there is nothing wrong with that but when you say a business will help develop a community, it has to actually be to the benefit of those in the community and not some set up out to drain the money out of the system into one man’s pocket.
I guestimate that 80% of adult Nigerians can claim to own at least one business. If small enterprise is really the answer/solution to the Nigerian problem, then we ought to have had our problems solved considering we likely have more small businesses in that country than we do in the US here.

conn-kg:

2. I want to make a product in Nigeria. I want to sell goods, directly consumable items. I look for land to build a factory. That is problematic because it is seen as a political move to develop one LGA instead of another. Most of the time, a few years down the line, I have problems with two neighbouring communities who both lay claim to the industrial site. No governmental support.
A political move to purchase land in an LGA for your private business? I am not sure I get you there. If you built your business in Ikorodu, can the neighboring LGA really lay claim to your site?
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Kobojunkie: 3:02pm On Jun 06, 2009
proudly9ja:

I think the answer to this issue is in what the new CBN governor said and kobojunkie quoted some posts back and which I paraphrase below. When we say things are getting better in Nigeria, do we mean more people can now afford to eat 3 square meals and more people can afford quality education?

Exactly, we seem to measure success in the amount of new buildings in the area or the number of sky rise constructions going on. You ask for pictures of things in Nigeria and you get superficial pictures of newly painted houses and pictures of international companies in the area, or even new roads. On one particular thread, someone posted a picture of a bad side road, another described it as natural beauty, one of the reason he/she is extremely proud with the level of development in the area. Roflmao!!
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 4:07pm On Jun 06, 2009
REAL TRUTH:

  I am not the only one asking you 2 use HEAD here,,even the poster and others have said same,,Bottomline,,how do you reconcile a council or civil servant worker or a banker whose salaries does not commesurate to the wealth(stolen) they now have? how do you compare the Quality of life for someone like OBJ and Clinton of USA,,knowing fully well that OBJ is a million times richer than clinton,,,The criminals in Nigeria can only have respect for their wealth from people like you.If you think every Nigerian abroad does cleaning job,,you re just living in bitterness,,,may be that is the case in UK anyway,,,,OBJ son by stella works in a law firm in the US,,and he earns over $250000 per annum,,why didn't he go back to naija,,why does all the thieves in Nigeria have their kids schooling abroad,,and if they have the chance,,they also work,,,why do people scramble to work in Nigeria high commission in the USA?
You talk about money,,what is Nigerias total earning or revenue in a year?what is the size of the budget viz-a-vis the population?The idea is not about money,,it is simply asking urself,,where would Nigeria be in 5 or 10 years from,,,a couple of days ago,,our new sensational,effective and functional Governor BRF raised an alarm over the Nigeria economy,,and you with ur myopic reasoning is talking of money,,,Having potential to make or create wealth is different from reality of actually utilising those potentials,,,one of the reasons for kidnapping of fellow blacks in naija for ransom is the fact that probably 60% or 70% of Nigerians re unemployed.
A further question is why did Ngozi Okonjo Iweala left naija and back to d US?You what? I am one of the Nigerians who have decided to start treating Nigeria like the Indians,politicians,chinese and libyans treats Nigeria in naija.Make the money in Nigeria and don't  live in nigeria,,,I ve a couple friends who re doing this right now,,,and am joining them,,,I also want the free,heartless and conscienceless money like otedola and dangote.By the way,,do you know Otedola has his family in the UK??Do you also know Charles does too??
The reason why naija is where it is today is because of her indolent and timid citizens and people like you,,,why do you respect a man who makes indecent money?why do you respect a man because he owns a private jet or drives a big car,,thats stupid poverty mentality, Warren Buffet,,the richest man in the world,,drives just one car,,and old car for that matter,,my car is even more expensive than his,,my house I live in is more expensive than his,,he has been living in just that house over 50 years ago,,,H e owns a lot of companies,,,one of them is a private Jet company,,,yet he does not have a private Jet,,In Nigeria,,,what would you call a man like this  You would say he is a mad man,,,infact he not be respected by you.How can you be happy in an environment where more than 90% of people around you re not happy?well that is possible in naija,,Fela has sang this long ago!!
  My annoyance is that,,people just want to keep singing the praise of naija without wanting to make naija earn her praise,,

Too much generalisation - millions make their money without having anything to do with government and government contracts. Where is your head realy?  You have generalised everyone who make money in Nigeria as making indecent money? You sure make me laugh, when you get to hell, people who make their money decently in Nigeria will use your head to make the fire burn the more, why, because you were given every opportunity to use it to think properly but you have decided to use it otherwise. Warren Buffet drives one car? So what? What is your point? My own point is that you should not assume that it is when you live abroad that you can become somebody and that you cant become somebody if you live in Nigeria.

Go back to Nigeria like i said, look at your mates, the ones you left behind, look at where they are, and alos look at where you are in life, then come back here to tell us if your quality life has earned you just as much more as they have earned living their un quality life. You need to be wise, else you will perish in your foolery.

So you have started a business in Nigeria, what double talk, double life, hmmm, people like you make me laugh, the same country you wish bad for, can never be a blessing to you and your business.

You also reasoned through your butt hole, saying kidnapping in Nigeria is because of employment, how wrong you can be? I will not go into any stupid debate with you, the point is what i have made, you dont have to stay in a white man's country to make and become something for yourself, Nigeria, my blessed Nigeria offers all the opportunity, but if you sit your arse there and think noone can make it except thru government, then you need wipe your butt hole with sand paper.

Nobody wants you to praise Naija, she doesnt need your praises, shove it in your pocket man!.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by Nobody: 7:46am On Jun 07, 2009
Isn't it funny when we say things just to buttress our points.
You see people saying things like : Go back to Nigeria and you will see your mates that you left there living in mansions and so on.
What about the remaining ones who still troop to news stands to read tuesday/thursday Guardian looking for Jobs.

Same thing with the west. You have those that live on paycheck to paycheck while you have those who have more money than you can ever think of.

One issue i'd like people to stop talking about is this issue of cleaning toilets. Please, it is so old school. That was the thing back then. Most folks leave for the west with "Visiting" visas and end up not having a choice. Most Nigerians now come in student visas, work permits etc and are able to get good jobs. Stop generalizing.

Everybody has there own game plan. For those who claim you don't save in the west, well i don't know about that.
When i was still in the states, I had $25,000 after my first year straight out of college. This was after paying credit card bills that i incurred as a student as well as all my regular bills. My savings only kept going up as the years went by so enough with all this 250 pounds in your account. You can save if you want to.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by AjaraEwuro: 9:47am On Jun 07, 2009
A-town:

Isn't it funny when we say things just to buttress our points.
You see people saying things like : Go back to Nigeria and you will see your mates that you left there living in mansions and so on.
What about the remaining ones who still troop to news stands to read tuesday/thursday Guardian looking for Jobs.

Same thing with the west. You have those that live on paycheck to paycheck while you have those who have more money than you can ever think of.

One issue i'd like people to stop talking about is this issue of cleaning toilets. Please, it is so old school. That was the thing back then. Most folks leave for the west with "Visiting" visas and end up not having a choice. Most Nigerians now come in student visas, work permits etc and are able to get good jobs. Stop generalizing.

Everybody has there own game plan. For those who claim you don't save in the west, well i don't know about that.
When i was still in the states, I had $25,000 after my first year straight out of college. This was after paying credit card bills that i incurred as a student as well as all my regular bills. My savings only kept going up as the years went by so enough with all this 250 pounds in your account. You can save if you want to.

chineke me e.
Re: My Little Bet - For Every £1 I Make My Friend In Niaja Makes N245 by KnowAll(m): 2:16pm On Jun 07, 2009
When i was still in the states, I had $25,000 after my first year straight out of college. This was after paying credit card bills that i incurred as a student as well as all my regular bills. My savings only kept going up as the years went by so enough with all this 250 pounds in your account. You can save if you want to.

Gentle man I am sure you did not save that $25,000.00 without completing your degree. So your capabillity to save that $25,000.00 in one year was based on you working with your degree. You could easily have saved the same money if you get a job in Nigeria with your degree from the states working in either the bankig, telecoms or oil and gas industry in nigeria.

You now compare yourself with myfriend who saved £22,000+ in 8 months doing his own personal business from an intial investment of just £2000.00 and he did not have to go through the rigour of burning the mid-night oil in college. Dont forget he has already settled his kids in a boarding school in nigeria and has payed 2 years rent for a property in lekki. The balance is the N5.6 million in his account. There is no basis of comparisim.

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