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What Do We Benefit From Nigerian Billionaires - Politics - Nairaland

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What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 6:34pm On Aug 15, 2023
There’s something called giving back.

Nigeria boast of having some of African richest men and women.
Richest African man is a Nigerian
Richest African woman is a Nigerian

We know of foreign billionaires, they provide funds for scholarships that even Africans students benefit from. They even dash start ups in Nigeria money

Please I need to be enlightened, is dangote doing anything for his immediate community

What has Folorunsho Alakija done for her immediate community?

I may be wrong, but is there any fully funded scholarship from any of these people

Billionaires in US donate a lot to charity and community development.

Some schools have been renamed after philanthropists in the US. They give out funds as much as 100million dollars and even far more

If our billionaires can give out just 1 million dollars to sponsor some community project, Nigeria would have been a better place

Some projects could be;

1. Elderly homes
2. Free health care facilities
3. Funding start ups
4. Scholarships for students

Please in what ways are our billionaires giving back to the community?

Any idea??

Not audio donations but real life projects that you and I can benefit from

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by DrGoodman: 6:35pm On Aug 15, 2023
Sometimes, I keep laughing online when I see people who borrowed data only to come and boast online that my tribes people are all on forces list and your tribes people are not.

Such unemployed people will still go to bed hungry and buy paracetamol to give to their parents who needs adequate health care by qualified doctors.

I cry for the youths of this contraption.
Re: What Do We Benefit From Nigerian Billionaires by gaby(m): 6:36pm On Aug 15, 2023
More billions from your empty pockets into their oversized wallets..
Re: What Do We Benefit From Nigerian Billionaires by Nobody: 6:39pm On Aug 15, 2023
Noting.

They're all security conscious because of village people

1 Like

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 6:44pm On Aug 15, 2023
To renovate some school hostels won’t take up to one millionaire to do.

But Nigerian students live in hostels looking like krirkiri cells, deteriorated facilities, disgusting toilets and bed bug beds

Yet some billionaires pass through this schools

Are Africans just self centered and wicked!
Yet na we go church and mosque pass

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 6:45pm On Aug 15, 2023
DrGoodman:
Sometimes, I keep laughing online when I see people who borrowed data only to come and boast online that my tribes people are all on forces list and your tribes people are not.

Such unemployed people will still go to bed hungry and buy paracetamol to give to their parents who needs adequate health care by qualified doctors.

I cry for the youths of this contraption.

It’s so bad bro.

I watched Jagun Jagun and I loved the ending. This people turned us against ourselves to fight and they live in billions

I am not yet a billionaire, but from the little I have, I know what I do in my immediate community.
Early this year, I sponsored 5 people to learn a new skill. Just five people within my capacity and circle. Three of them have gotten certified already and one has gotten a new job with it.

There are many things 1 million dollars can do for a community. I tell you that Americans donate as high as 100 million dollars to charity. These money goes to elderly homes, schools and scholarships that even Nigerians benefit from

But it’s so sad. The PTDF scholarship, you will still see children of billionaires taking it from the poor

The person supporting Obi is not your enemy, the person supporting Tinubu is not your enemy, the person supporting Atiku is not your enemy, your enemies are those who have sold the soul of your country and still oppress you in little means

6 Likes

Re: What Do We Benefit From Nigerian Billionaires by LikeAking: 6:56pm On Aug 15, 2023
dazzlingd:
There’s something called giving back.

Nigeria boast of having some of African richest men and women.
Richest African man is a Nigerian
Richest African woman is a Nigerian

We know of foreign billionaires, they provide funds for scholarships that even Africans students benefit from. They even dash start ups


in Nigeria money

Please I need to be enlightened, is dangote doing anything for his immediate community

What has Folorunsho Alakija done for her immediate community?

I may be wrong, but is there any fully funded scholarship from any of these people

Billionaires in US donate a lot to charity and community development.

Some schools have been renamed after philanthropists in the US. They give out funds as much as 100million dollars and even far more

If our billionaires can give out just 1 million dollars to sponsor some community project, Nigeria would have been a better place

Some projects could be;

1. Elderly homes
2. Free health care facilities
3. Funding start ups
4. Scholarships for students

Please in what ways are our billionaires giving back to the community?

Any idea??

Not audio donations but real life projects that you and I can benefit from

All man for himself.

While you are busy dashing yours to your churches, who dry dash you?
Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 6:57pm On Aug 15, 2023
LikeAking:


All man for himself.

While you are busy dashing yours to your churches, who dry dash you?


I will rather use my money to carry escort than give church

Go to oyedepo’s village, the place looks poverty with terrible roads and no basic amenities. Yet he is a billionaire at least in naira.

The only thing he achieved is to make sure his house is the finest in his village

1 Like

Re: What Do We Benefit From Nigerian Billionaires by LikeAking: 6:58pm On Aug 15, 2023
dazzlingd:
There’s something called giving back.

Nigeria boast of having some of African richest men and women.
Richest African man is a Nigerian
Richest African woman is a Nigerian

We know of foreign billionaires, they provide funds for scholarships that even Africans students benefit from. They even dash start ups


in Nigeria money

Please I need to be enlightened, is dangote doing anything for his immediate community

What has Folorunsho Alakija done for her immediate community?

I may be wrong, but is there any fully funded scholarship from any of these people

Billionaires in US donate a lot to charity and community development.

Some schools have been renamed after philanthropists in the US. They give out funds as much as 100million dollars and even far more

If our billionaires can give out just 1 million dollars to sponsor some community project, Nigeria would have been a better place

Some projects could be;

1. Elderly homes
2. Free health care facilities
3. Funding start ups
4. Scholarships for students

Please in what ways are our billionaires giving back to the community?

Any idea??

Not audio donations but real life projects that you and I can benefit from

All man for himself.

While you are busy dashing yours to your churches, who dey dash you?

Welcome to reality, nobody Dey use dia money play.
Re: What Do We Benefit From Nigerian Billionaires by LikeAking: 7:02pm On Aug 15, 2023
dazzlingd:

I will rather use my money to carry escort than give church

Go to oyedepo’s village, the place looks poverty with terrible roads and no basic amenities. Yet he is a billionaire at least in naira.

The only thing he achieved is to make sure his house is the finest in his village


Naso Nigerians be..

All man for him self…

When you make an no carry your own do Father Christmas. Everyone stingy for Naija..


Nigerians want you to give them, but they won’t give you.
Re: What Do We Benefit From Nigerian Billionaires by BItt: 7:04pm On Aug 15, 2023
dazzlingd:

I will rather use my money to carry escort than give church

Go to oyedepo’s village, the place looks poverty with terrible roads and no basic amenities. Yet he is a billionaire at least in naira.

The only thing he achieved is to make sure his house is the finest in his village

Give to Caesar what belongs to Caesar

The rich man went through alot of thinking and sacrifice to be where he is today.

There are stories the rich man won't tell you... To become rich is not an easy journey so you don't expect me to spray my wealth to the benefit of a certain poor persons... Just because they are "poor". Na me born them?

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 7:10pm On Aug 15, 2023
LikeAking:



Naso Nigerians be..

An all man for him self…

When you make an no carry your own do Father Christmas. Everyone stingy for Naija..


There’s a kind of money you will have that any additional money no longer matters.

If you get naira 50 million today, if you don’t spend wisely, it will finish fast


If they increase it to N500 million naira, it will still finish if not properly managed

If I give you 10 billion naira and you have investments generating you like 200 million naira net profit every year. It will take much more time and extreme carelessness to go back to nothing

Now imagine having 50 billion naira and lots of investments.
Your kids and family are all established for life.

Some people are worth trillions of naira in assets and investments all over the world. They are on auto run and can never ever taste poverty to their 4th generation. Tell me how giving will reck you?

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 7:13pm On Aug 15, 2023
BItt:


Give to Caesar what belongs to Caesar

The rich man went through alot of thinking and sacrifice to be where he is today.

There are stories the rich man won't tell you... To become rich is not an easy journey so you don't expect me to spray my wealth to the benefit of a certain poor persons... Just because they are "poor". Na me born them?

When we talk of money, some of these guys are worth billions of dollars which is trillions of naira.

To do a community project in their village maybe an elderly care may not pass 100 million naira. Which is barely 150k dollars.
Or to sponsor like 5 brilliant people from their community every year to top schools in US and Canada may not pass 200k dollars. These are what whites do that even some of us benefited from here.

Life is beyond you alone, a little act of kindness will brighten your light in the universe. All the money you make won’t follow you to the grave, you will die and leave them behind. Let’s make the world a better place for one another. Aye o le

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by talented321: 8:39pm On Aug 15, 2023
Oga in naija nobody get anybody time' it has been 2years i never call my rich uncle because u need to live ur life without people

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by BoldBrainz(m): 9:04pm On Aug 15, 2023
The only Nigerian Billionaire I hold in high esteem is Tony Elumelu.

It's not about cutting cheques for victims of one disaster or the other. Or making oversized donations when invited to high class events and gatherings like Arthur Eze.

Elumelu is building future generations of tech-savvy entrepreneurs. His scholarship schemes are unmatched in our today's society.

1 Like

Re: What Do We Benefit From Nigerian Billionaires by Zxcvbnmghtr: 9:17pm On Aug 15, 2023
grin

Jobs, but a lazy Nigerian expects billionaires to be 'FATHER CHRISTMAS'. The same kind of mentality when your childhood friends, or school mates discover that you have made it big time. The next thing is a entitlement mentality. Same applies to family members especially extended family. They start to complain that you are not generous 'ENOUGH'..

Dangote refinery for example has been providing jobs since contraction. Just and example. But what the lazy once want 'DASH-DASH-DASH' 'FREE-FREE-FREE' everything.

Of course they are all into charity but the op is just being a typical Nigerian.

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by kokoA(m): 9:19pm On Aug 15, 2023
We billionaires don't like showing off.. That's our way of life. wink wink
Re: What Do We Benefit From Nigerian Billionaires by LikeAking: 9:41pm On Aug 15, 2023
dazzlingd:


There’s a kind of money you will have that any additional money no longer matters.

If you get naira 50 million today, if you don’t spend wisely, it will finish fast


If they increase it to N500 million naira, it will still finish if not properly managed

If I give you 10 billion naira and you have investments generating you like 200 million naira net profit every year. It will take much more time and extreme carelessness to go back to nothing

Now imagine having 50 billion naira and lots of investments.
Your kids and family are all established for life.

Some people are worth trillions of naira in assets and investments all over the world. They are on auto run and can never ever taste poverty to their 4th generation. Tell me how giving will reck you?

Try understand
Re: What Do We Benefit From Nigerian Billionaires by LikeAking: 9:44pm On Aug 15, 2023
dazzlingd:


When we talk of money, some of these guys are worth billions of dollars which is trillions of naira.

To do a community project in their village maybe an elderly care may not pass 100 million naira. Which is barely 150k dollars.
Or to sponsor like 5 brilliant people from their community every year to top schools in US and Canada may not pass 200k dollars. These are what whites do that even some of us benefited from here.

Life is beyond you alone, a little act of kindness will brighten your light in the universe. All the money you make won’t follow you to the grave, you will die and leave them behind. Let’s make the world a better place for one another. Aye o le

No waste ya time.

Just hustle make ya money..

Nobody Dey pep anybody in reality.
Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:18pm On Aug 15, 2023
BoldBrainz:
The only Nigerian Billionaire I hold in high esteem is Tony Elumelu.

It's not about cutting cheques for victims of one disaster or the other. Or making oversized donations when invited to high class events and gatherings like Arthur Eze.

Elumelu is building future generations of tech-savvy entrepreneurs. His scholarship schemes are unmatched in our today's society.

You get my point.
It’s not donating in Covid or flood disasters or when boko haram strikes.
It’s contributing real life solutions to problems

1 Like

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:21pm On Aug 15, 2023
LikeAking:


No waste ya time.

Just hustle make ya money..

Nobody Dey pep anybody in reality.


That’s the problem why people are still suffering in Nigeria and Africa

Do you know how many Nigerians benefit from some scholarships donated by American billionaires.
Some people get full funded scholarship with monthly stipends to study in US universities. And from there get jobs that change their family story and taking a family out of poverty.
The universe is give and take. The phone you are using and the advancement you enjoy today is because some people worked hard to solve human problems.
We are not equally gifted. But there’s a reason you were born to a particular family, come from a particular place and region.
What’s the essence of having a billionaire from your village and nobody in the village can boast of one thing they benefit from the billionaire. It’s bad and terrible.
All these money won’t follow anybody outside this planet. Maximum you spend 100 years and depart, when you could have made at least few people smile

The wealth you have, knowledge or power should not be used for selfish reasons or yourself alone, help humanity. It won’t cost you too much.
The whites use their knowledge to bring innovations that we enjoy, they use their wealth for charity as well and we all run to them.
The only way dimensional poverty can be cured in Africa is everyone giving back no matter how little to lift one another.

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by LikeAking: 10:23pm On Aug 15, 2023
dazzlingd:


That’s the problem why people are still suffering in Nigeria and Africa

Do you know how many Nigerians benefit from some scholarships donated by American billionaires.
Some people get full funded scholarship with monthly stipends to study in US universities. And from there get jobs that change their family story and taking a family out of poverty.


The universe is give and take. The phone you are using and the advancement you enjoy today is because some people worked hard to solve human problems.

That’s the diff between a black man and a white man. Most of those Naija billionaires have not even done anything for dia families and communities.

He na all man for him self.
Re: What Do We Benefit From Nigerian Billionaires by Tohsynetita1: 10:32pm On Aug 15, 2023
dazzlingd:


There’s a kind of money you will have that any additional money no longer matters.

If you get naira 50 million today, if you don’t spend wisely, it will finish fast


If they increase it to N500 million naira, it will still finish if not properly managed

If I give you 10 billion naira and you have investments generating you like 200 million naira net profit every year. It will take much more time and extreme carelessness to go back to nothing

Now imagine having 50 billion naira and lots of investments.
Your kids and family are all established for life.

Some people are worth trillions of naira in assets and investments all over the world. They are on auto run and can never ever taste poverty to their 4th generation. Tell me how giving will reck you?

Abi now. it's mindset of stinginess. And most things they use those money for are frivolities. I made an idea on Agricultural platform some days ago that. if a billionaire or millionaire buys like 1000 acres of land, give youth an acre per person and mandate them to plant any tree crop which he will be the one to give them seeds or seedlings and the management will be funded by the tenants, and after fruiting, the tenants takes 10 percent of the income and the owner of the land takes the rest. Some people came against me saying it's impossible. But I now realize they want us to be idolizing them that's why they prefer to spend those monies on frivolities.

1 Like

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:32pm On Aug 15, 2023
LikeAking:


That’s the diff between a black man and a white man. Most of those Naija billionaires have not even done anything for dia families and communities.

He na all man for him self.


Look at Sadio Mane’s project in his home town. He has done a lot. And he is not even as wealthy as this Nigerian billionaires.
He is using his talent to pay back to his community and place of birth. There’s a reason he was born in that place and not everyone can have the opportunity he has. His light will surely shine in the universe

3 Likes

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:35pm On Aug 15, 2023
Tohsynetita1:


Abi now. it's mindset of stinginess. And most things they use those money for are frivolities. I made an idea on Agricultural platform some days ago that. if a billionaire or millionaire buys like 1000 acres of land, give youth an acre per person and mandate them to plant any tree crop which he will be the one to give them seeds or seedlings and the management will be funded by the tenants, and after fruiting, the tenants takes 10 percent of the income and the owner of the land takes the rest. Some people came against me saying it's impossible. But I now realize they want us to be idolizing them that's why they prefer to spend those monies on frivolities.

Sadio mane is worth 30million dollars, dangote is worth about 10 billion dollars.
The project Sadio mane has done in his home town alone is more than what some governors have achieved in Nigeria

To sponsor some of these projects you mention won’t pinch this people. It is not hard. Just 500 k dollars yearly will go a long way in taking several people out of misery and empowering them.

People should check how American billionaires donate.
Some donate hundreds of millions of dollars. That’s a country where the cost of living is far higher than Nigeria.
Just 1 million dollars donation in Nigeria will shake ground.

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by Tohsynetita1: 10:45pm On Aug 15, 2023
During Corona, Jack Dorsey donated 28 percent of his wealth. there is a man called Chuck fenney, that donated all of his wealth when he was around 90s. He said his goal is to die poor.

1 Like

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:47pm On Aug 15, 2023
John Paulson donated 100 million dollars to NYU

John Paulson is not as rich as dangote.

But here in Nigeria, we have billionaires that passed through schools like Unilag, OAU, ABU, UI and the hostels are in a pathetic states, deteriorated infrastructure.

Just 500k dollars will renovate these school hostels
Re: What Do We Benefit From Nigerian Billionaires by twosquare(m): 10:48pm On Aug 15, 2023
Why do you have a government...?? nonsense
Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:51pm On Aug 15, 2023
Tohsynetita1:
During Corona, Jack Dorsey donated 28 percent of his wealth. there is a man called Chuck fenney, that donated all of his wealth when he was around 90s. He said his goal is to die poor.

The black man has a serious problem of selfishness.

As long as I am okay, I don’t care of others
As long as I dey chop, nothing concern me with welfare of others
I can assure you, there’s no way you have these American billionaires and they will watch the schools they pass through suffocating of infrastructure or their place of birth with people suffering and living a very poor quality of life. Oyinbo fit donate his entire wealth to rebuild

1 Like

Re: What Do We Benefit From Nigerian Billionaires by dazzlingd(m): 10:53pm On Aug 15, 2023
twosquare:
Why do you have a government...?? nonsense

Keep attacking me, I am not broke, but I can’t stand see people suffer around me.
I am not a billionaire but I know what I’d do if I become one.
It’s not everything you wait for government to do you for you. So because government did not do my road, and I have billions, I won’t renovate my road to standard and move on.
Or I’d wait for government to help beautify my streets?

Mane did not wait for his govenrment when he spent 500k pounds to build a standard health care facility in his village.

We are not even asking them to dash everyone money, go to your place of birth and do something tangible. Not donating money during terrorist attack or natural disasters

2 Likes

Re: What Do We Benefit From Nigerian Billionaires by twosquare(m): 11:14pm On Aug 15, 2023
dazzlingd:


Keep attacking me, I am not broke, but I can’t stand see people suffer around me.
I am not a billionaire but I know what I’d do if I become one.
It’s not everything you wait for government to do you for you. So because government did not do my road, and I have billions, I won’t renovate my road to standard and move on.
Or I’d wait for government to help beautify my streets?

Mane did not wait for his govenrment when he spent 500k pounds to build a standard health care facility in his village.

We are not even asking them to dash everyone money, go to your place of birth and do something tangible. Not donating money during terrorist attack or natural disasters
If wishes were horses, beggars would ride... you think nigeria is a sane country...

Careful, when you become one, don't think it is an easy ride in the park...you should ask why Winners was denied from constructing some road projects by a state government....you may want to construct road, but if your local govt chairman says no...na no...since they can't eat from it.

Life is more than that...

No be every person get good mind....

And who told you some of them are not doing that in their own capacity...is it until they announce it to the world?
Re: What Do We Benefit From Nigerian Billionaires by xxxXXXxxx: 11:54pm On Aug 15, 2023
It's an interesting take from the OP. However it's not always easy to criticise successful people, no matter how constructive it might appear; and most of the people in this category would be classed as Ultra successful. The argument then becomes if you know better then you should be doing better than them, in order to implement your ideas.

Take Nigeria for example, a significant number of our most prominent billionaires made their core wealth from the oil sector, particularly rent seeking and royalties from oil wells. They never diversified into other real sectors like manufacturing on a large scale, modern mechanised agriculture etc. That means a lot of them haven't even used the wealth gained to exponentially take the country's economy to a higher level.

Assuming that has been the case, there would be more jobs with decent wages for people to be gainfully employed, more money in circulation; thereby creating a more vibrant economy. This alone would have done a lot to empower the common people. However, it seems like they usually only care about managing their financial portfolios, buying shares in companies like Apple, Microsoft etc, stacking monies in shell companies in countries that serve as tax haven.

So, is it people that do all these and more in order to consolidate their wealth, without domiciling and reinvesting most the wealth gained from oil rentage and services back into the country, that would now think of Philanthropy. IMHO, I think to most of them that is an afterthought!

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