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Always heard of how difficult it was to get passports in this our country but 4 months ?
Anyways, at least we are improving. Easily opening the borders would make foreign Interactions easy. People who leave the country for any reason especially Education and are patriotic enough can even come back and better the country. So, if possible the price and time span should also be cut down in the near future. God bless this country.
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Bitcoin investment is something wey dey open and any body we dey interested to invest for bitcoin can invest at any time, but some people no dey like to learn before dey invest and na the thing dey make them to loseguarde for their investment, wetin I wan tell my people be say make we dey buy bitcoin and dey keep am any time wey we get money to buy bitcoin, some of us dey wait until somebody tell them say na now be the right time to invest for bitcoin before they go invest, so I no blame them because na the wey dem use know bitcoin
Dey no dey plan to buy bitcoin or dey wait for one precious time before you go buy bitcoin, e get wetin I be wan make this our people understand for buying and selling of bitcoin, if you have for mind to buy bitcoin and invest you will buy bitcoin, but the thing be say many people dey wait until the precious time comes before them go buy bitcoin, but I dey let una know say bitcoin no get particular time wey you go buy am.
Anytime is an opportunity to buy/invest in Bitcoin, especially now with its worth increasing day by day. If you learn properly you won't have to depend on people's speculations before you make your decisions. But sometimes, these precious times may not be due to the fact that we are not sure of information, it's probably due to the fact that a lot of people don't have the money for that now. They're probably spending on other very important things. From my part, I'd say, you shouldn't invest in Bitcoin because you have money or you just got paid, or there's a one-time income in your hands. This is sometimes what leads to loopholes in budgeting. What you invest is what you have saved. Plan your income, spend on necessities, save, and then invest. By saving, I don't mean you should save until the amount is huge. Even if it's small just cut out of the income, label it as savings and use it to buy Bitcoin. Don't starve because you want to buy Bitcoin oo. Another thing I'd like to say is if you feel there's an opportunity in front of you and you don't want to miss it, then burrow. People are always like ' never use borrowed money to buy Bitcoin ' What do you think businessmen use to start up their businesses? Burrowing is a virtue. Burrow!!! If you end up succeeding from the opportunity, you be a winner and if you don't succeed from the opportunity, you're still a winner who has learned something and has grown from it. |
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In as much as many of us has heard of new years resolution, we know even if we partake, we sometimes don't achieve them or go half way or loose the zeal by either February or March( for the very disciplined people).
This post is to first of all say Happy New Year to all the members of the Naija Board, welcome to 2024, and secondly to motivate each and every one of us to achieve that which we couldn't last year or a new goal we've set for ourselves this year.
Research shows that when people talk about their goals or things they want to attain and achieve to other people, they get motivated to really achieve those goals. Cause it's like, " I have to finish what I've started. This person/ people must not see me as a failure" and it also gives a sense of support from that person/ those people. So, feel free to talk about whatever goal you have for 2024, and have it at the back of your mind that the members of the forum( even though you don't know most of them) would be rooting out for you.
As for me, in 2024, I have lots of goals to achieve, but they can all be linked to one thing, FREEDOM. In 2024, I want my freedom. Freedom from where I am right now, the people around me right now, the situation i'm in right now, and in order to attain that there are about 5 different goals I need to achieve.
This was actually my goal for 2023 cause I finally reached the age I saw myself as independent, but I couldn't achieve it. Now, I have another year and chance to get what I want and I'm not going to blow it, neither should you. My motto this year is consistency, because whatever you consistently put your mind to do, you would excell in and achieve.
Feel free to write down what you want to achieve this year in the comment section, and as you do so don't forget, we'll all be waiting for your success story.
Thank you, and Happy New Year.
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https://talkimg.com/images/2023/12/30/IpOLo.jpeg[/img] Merry Christmas to the Naija Board members and a prosperous new year to everyone of you. I want to thank the OP for this opportunity. I really appreciate this opportunity, thank you, and a Happy New Year to you too.
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So many positive things dey for my mind to talk, but I say make I talk only this small\big one first before I start to talk about other ones letter.
Waytin I won talk be say make all of us way dey hold Bitcoin and dey accumulate Bitcoin no fear to accumulate\hold Bitcoin just because of say transactions fees high, as the mempool dey occupied with big big transactions way get higher fees than me and you way go use from $30 down to carryout transaction others way get enough Bitcoins for their wallets no go ever think 3 time wether to use 1 full btc to process transaction or not go do am.
The thing be say you wen won send small amount of Bitcoin from one wallet to another wallet and na for morning you do your own and e never confirm, but somebody way just do e own just now with 1 full BTC own go confirm and you wen do your own since morning never confirm (that's the madness investors are facing).
And this high transaction fees have been almost the topic of the past few weeks or months and a lot of Bitcoin sources are not saying anything (because I have not come across any post that's talking about the reduce of transaction fees).
But I come here just to tell us say make we way dey accumulate our Bitcoin with DCAing strategy or not,, no fear for the fees but make we hold am well.. Na how to protect our coins we suppose to dey think of instead of the high fees.
I get feelings say all of this things na part of Bitcoin experience. Make we no also dey surprise say one of the reasons why this fees high na because of say them want make investors fear to sell their coins and hold am till the next bullrun and after the bullrun...
I no really know full about Bitcoin as I still be crypto newbie but this na one of the things way I reason this evening,,,, so I say make I try share am with my fellow holders.
To be honest, I still don't get why people trade when you can hold without transaction fee. But then again, when you're done hodling in order to get you money and interest you'd still trade the Bitcoin abii? But by then won't the transaction fee cool off? Make una con talk watin una dey trade for abeg. |
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Marry Christmas and happy new year.
It comes to me to share my knowledge with others, but I am sure some might know the steps in creating a budget, but it might be that they are not following it effectively. I hope if I share such knowledge, it will help a lot, especially in the season we are in now. I know that as we have already celebrated Christmas, we have spent much of our savings, which we are still going to spend more on when it comes to the New Year celebration, so I take this as a reason to share such information with others so others will not suffer, especially after all this celebration, so I will list and explain the steps in creating a budget.
The steps in the budget include
1. Determine your income: As the first step in creating a budget, you have to know your total income in terms of what you can afford. Do not write a budget that is more than your income and end up not achieving anything at the end because your income determines your budget, so let's take note of our income first. This income might include your weekly,monthly, or even yearly income, as well as side hustles and any other source of income.
2. Identify where your money is going: The second step in creating a budget is to track your expenses. This is also very important because, without knowing how you usually spend your money, you will end up writing a budget that you can’t even stick to. More over, expenses include housing, transportation, food, entertainment, gambling, and so on. When you have identified where your money is going, you can categorise it into groups. For instance, clothing, house rent fees, and others should all be in the category of housing. If that is done, you have definitely achieved your second step in creating a budget.
3. identify or set an achievable goal: This is the third step in creating a budget when you have identified your income, tracked your expenses, and categorised them. Why I say achievable goal is that you have to set a goal that you can achieve either long-term or short-term. For instance, you might save money in order to pay your debts, invest the money, or even pay for housing and any other expenses, such as buying valuable and usable items that won’t be a liability to you.
4. Start creating the budget or priorities for your expenses: This is the next step, for me. This is the step where you will start writing the budget. It is not that you won’t write those other steps I mentioned earlier; you will also write them, but this is the stage where you will allocate some amount of money to the categories that you have created at the second step, and you have to make sure that it aligns with your priorities. After allocating a certain amount of money to those categories, you should make sure that you keep some of it as emergency funds; it is also important.
5. Review the budget; in some cases, I mean monitoring, evaluation, or adjustment of the budget. This is like the final stage in creating a budget, although this stage is a continuous process because this stage never comes to an end unless you have purchased all that you have put in your budget to achieve this process, including regular adjustments as needed to accommodate and adjust your budget. This is done in case something comes up, such as the use of the emergency fund that you keep as a category for things like an increase in the price of what you intend to buy for medical expenses, which might be an emergency, and many others. In this step, you must track your budget very carefully and with caution to make sure you have achieved it.
The steps I have listed above are the ones I follow whenever I want to write a budget. You can change this step in many ways. For instance, a gambler can use it, but it will be more effective with the amount he needs for the gambling, and he should make sure he follows the track, so stick to the budget to avoid the source of unusual spending.
Thanks for sharing this important information. Budgeting is very important. Sometimes, it is even the reason why some countries aren't developed or having a good economy. They have lots and lots of resources, but are wasteful and have little or baseless spending plans. Budgeting is really helpful, both for the rich and broke. |
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Honestly, new year resolutions are simple facades we create and end up not going through at all. If you want to change something about yourself don't wait till the end or beginning of a new year to change it. Most new year resolutions fail not even because we didn't plan well but life happens and gets in the way, lack of consistency and other reasons
Anyways, I hope 2024 would be a year we stick and succeed in whatever resolutions we make.
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You don try for compiling dis kind of thread, di inflation in di country e don too much and why we dey really suffer because di government support di inflation very well. Nai make dem no dey talk anything about di high cost of living in di country. Now, the rate at which people are demanding in the country is over 28.9% ahead of the rate at which we are producing and that is very bad. Making us depend on imports, making the prices of goods to be high eventually leading to high costs of production factors. The causes and effects of inflation in relationship with bad Economy are all related. Op you talk well but you for tell us where you get di information. You say di demands now na 28.9% I no dey argue with you but where you come get di data? Or na just imagination you come produced di percentage? With the rate at which we're even losing foreign investors, we may end up going deeper into the hyperinflation or depression phases of the economic cycle. Nigeria needs serious monetary and fiscal policies, but we're still focusing on important things. Nigerian Government know weti dem dey do. If dey want to stop all dis nonsense wey dey happens in di country na just small things for dem. Dis thing wey dey happens like dis na joint work with di internal body nd external bodies. Nigerians can produce enough food for demselves wey dem go even use supply anoda countries but di external and internal work together dey destroy do food crops so dat we go only import things from outside countries. All di plan if di government we know dem. The vice presidential candidate of Indonesia, santiaga Uno, in expressing interest in Bitcoin and for his campaigns said he would raise Bitcoin experts in order to help the country's economy. Let's not even dive into the fact that the Nigerian government has shown no interest whatsoever in Bitcoin talk more of accepting it for Economic purposes. Let's move into the facts that Santiaga wants to raise Bitcoin experts meanwhile, we have Bitcoin experts in this country why isn't it helping the economy even if it's a little? Or does it have to be a political thing before it makes an impact on the economy? Bitcoin can't determine di inflation of di country but di fiat currency nai go determine di inflation, Bitcoin na just di alternative digital currency dat e no get anything to do with inflation but can make di country economy to grow faster if di country invest in di bear market and sell in di bull market. Nd be like say I don tok am for somewhere before, our naija leaders e no fit do things by demselves and always dey depends on di oyinbo people. A very famous entrepreneur once said ( and I will never stop making reference to this saying ) " If only the people can understand how money works and how the monetary policies work, the economy will change before tomorrow morning". We as citizens can help this country with individual efforts. Op I no go agree with you for dis one at all. And if you say you no go fit forget dis guy statement, abeg make you forget in sharp. Di citizens cannot make di economy better for any country. Even though dey know the important nd understand di monetary policy in a country my broda dey no go fit do anything. Na di government go do good environment for di people to do business. Nd dat thing wey you dey talk na REVOLUTION which e no go happens in any day. #Endsars was an Revolutional movement but di government used di same youth plus di army to destroy everything. Most of my information comes from here. When I say the rate of demand is 28.9% ahead of supply..i simply mean the rate of inflation. No one ever said Bitcoin determines the inflation rate of a country. If you read very well there's a paragraph in the thread where I emphasized on people saving their wealth in Bitcoin, leading to the reduction of money supply in the economy, therefore also leading to the increase in value of the currency. And lastly, if you believe the citizens can't do anything to help the economy then, no offense, you're just like an adult waiting for your parents to send you allowance before you survive. |
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Op you don talk well oo, and you try to gather this kind of educative thread wey dey in details, inflation for this country na 🔥, even if say we dey form James bond say we go sti survive no matter the cost of things, my brother we dey get am hot for the price of thing. And abeg that talk wey you talk say individually say we go fit reduce inflation, abeg come explain further because, me I nor dey see any thing wey individual fit do for this country wey go help am. The kind of talk wey you talk for your last paragraph nor follow at all, oya you tell me like 5 tins wey you fit do to better this country. The only thing wey we fit do for this country na to do business like production but that one sef sti need better moni to carry start am.
I don already mention 2 abii, oya Learn digital skills- sometimes you don't need millions to start a company, you just need the right skills and also this would greatly boost our economy cause when you learn, you earn, you teach and they earn. Farming- this may seem silly, but do you know that if 60 % of our current population farm food stuffs, it'll reduce hunger and you can build that into industries that'll produce the things we currently import? It'll also increase employment rates. Saving- one of the major reasons we're in this mess is the cause of the too much money in circulation. You don't need to wait for the government to come up with saving schemes, save your money into assets for future use. Of course, I don't need to say that Bitcoin is the best asset you can have. Building schools- for those who have the money, building a school no matter how small it is for a start up can act as a business to you, employment opportunities to about 10-20 people ( for start ups), and a scheme to reduce illiteracy in this country. Buying from local stores and supermarkets- this may seem little but for those who are into importation businesses, no offense, you may be fattening your pockets but in the long run, you're ruining the economy. Buying from local stores may not yield as much profits as that of importation from China does but in the long run, you'd be helping the economy significantly. Reducing scams- this has brought more than enough bad names to our country, leading to the loss of foreign investors or foreigners dwelling or coming for tourism. Please don't get me wrong, saying I accused anybody of being a scammer. You may not be a scammer but if you know one kindly let them know that they're not only giving a bad name to our economy but people literally die from the shock of losing their money. You know sometimes I wonder, if I'm to be the president or hold a government post, I'll do a very good job  But let me calm down and be careful what I wish for. Anyways, I mentioned 5 like you asked, and trust me... I can go on and on because the people are really the ones with the power. |
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I like the way you ended up saying " Nigeria is a country with rich stories that may require proof to be fully appreciated " makes me want to write a story about Nigeria . Anyways, the devaluation of our currency has gone down by over 20%. That's sad but to be honest, reducing the prices of fuel may not be half as near enough to solve the problems of this country. There are a lot of things we need to work on, but since everyone keeps ignoring them, they get worse and worse every day. As for the #5 note, I think I got it one time after buying something from a shopping mall and was " watin I wan use this one do" . It's the way the things you can buy with #50 are already even limited. There's this shop at my school, the cheapest thing there which is ordinary biscuits is #150. #500 can't serve as transport for some distance anymore. Anyways, only God can help us in this country. |
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Nigeria is a very blessed country with virtually everything you can think of... from Natural resources to human resources. We really do not have a business with being poor.
The major problem with Nigeria is that we have not really had a leader with vision and the political will to pursue the Nigerian dream. All we have so far are people who want to enriched themselves and their cronies with no regards to what happens to the country, her citizens and her future. Now that leadership failed us, should we fold our hands and cry forever?
Look around you, you can practically see opportunities everywhere. I intentionally went for market survey this Christmas season to see the prices of things especially those with high demand. I was shocked to know that 4 months old broiler is sold for as high as N15,000. A rubber of garri goes for N1,700, a bunch of plantain goes for N5,000 while a bag of rice goes for N56,000. I quickly recurred growing up in the family of farmers, these were items we were playing with then that have turned treasures.
It is actually funny that the food production of Nigeria is not enough to feed the citizens. Why then are people not going into farming? Why do we cry about unemployment when many people have lands they can cultivate in the villages yet lying fallow. I truly see a very big opportunity in farming.
There are many other areas that present huge opportunities that people are not tapping into. My mindset has changed so much lately as I have realised that Nigeria is like an untapped treasure. I'm from South South Nigeria and I can only say about my area. Those from other regions can narrate what they consider as opportunity in their place.
Oo..i see. The opportunities were talking about is farming. The fact that Nigeria has really good soil is enough for us to eat more than enough. But I wonder though, why is the price of Garri increasing and local food products too... Can somebody explain why they are increasing? These are products we can easily get from the soil at the back of our house or a vacant land we can utilize, but I still want to understand. It's not like the farmers are using fuel to produce these things and the cost of production is literally land you already own, raw materials to be replanted.. and highest your sweat. What exactly is making them sell Garri for #1700? Anyway, if I want to talk about opportunities I literally see around me, it would be the internet and the ability to learn digital skills. Food is important, but these skills help the economy in a really long run. |
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Good day, my country people.
It's no news that the inflation rate in our country has just recently hit 28.9, meaning it's already in hyperinflation.
For those who don't really get a grasp of the inflation rate, in layman's terms, it is just the rate at which the general price level of a country increases. Monetarists see it as the rate at which too much money in the economy chases fewer goods. While economists see it as the rate at which aggregate ( total ) demand runs ahead of total supply in an Economy.
Now, the rate at which people are demanding in the country is over 28.9% ahead of the rate at which we are producing and that is very bad. Making us depend on imports, making the prices of goods to be high eventually leading to high costs of production factors. The causes and effects of inflation in relationship with bad Economy are all related.
With the rate at which we're even losing foreign investors, we may end up going deeper into the hyperinflation or depression phases of the economic cycle. Nigeria needs serious monetary and fiscal policies, but we're still focusing on important things.
The vice presidential candidate of Indonesia, santiaga Uno, in expressing interest in Bitcoin and for his campaigns said he would raise Bitcoin experts in order to help the country's economy. Let's not even dive into the fact that the Nigerian government has shown no interest whatsoever in Bitcoin talk more of accepting it for Economic purposes. Let's move into the facts that Santiaga wants to raise Bitcoin experts meanwhile, we have Bitcoin experts in this country why isn't it helping the economy even if it's a little? Or does it have to be a political thing before it makes an impact on the economy?
A very famous entrepreneur once said ( and I will never stop making reference to this saying ) " If only the people can understand how money works and how the monetary policies work, the economy will change before tomorrow morning". We as citizens can help this country with individual efforts.
Money obtained from Bitcoin can be used in acquiring, building, or running businesses, which would in turn lead to employment opportunities, reduction In imports, increased production in the country, and many other benefits.
Educating people, even if it's informally, in Bitcoin would mean that people would be able to properly save their wealth in it and more people would accept it as a means of payment, therefore leading to the increase in value of our currency. Stats show that our currency, Naira has lost over 20% of it's value. When people begin to use alternatives, the supply/circulation would reduce and therefore it's value will increase.
There are a million and one things we can do to better this country, and most of these solutions are in our hands.So, let's do what we can to help not only ourselves but the future generation.
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I don't know if it's only in this part of the world but from what I have seen, it's becoming very difficult to find someone who had a great bond with his father while growing up.
I understand that the father is the breadwinner of the home and that this demands that he work very hard to provide for the financial needs of the family. I also know that because of the nature of most work our fathers do, it doesn't give them that much chance to become available for the emotional, psychological, and the rendering of certain discipline to their children, but I think this shouldn't be enough reason why they will not bond with their kids once in a while.
I grew up in a house where my dad was always busy with work to the point where we only see him three times a year and because he feels he has been sending money across for upkeep, he doesn't seem bothered that the kids have missed the role of a father in there lives.
I also know so many youths that we grew up together that had similar and some, worse off experiences growing up with their parents, and now that we've grown and some of us have started a family of our own, some have started repeating this circle in their homes.
How do we balance the part of providing finance for the home and the responsibility of being there for our children as a father?
Abi if we de provide for the financial need of our homes, e mean to say we don fulfill our role as fathers?
To be honest, my father, even with all his work and all was always around for his children. He wasn't the type to travel for a long time or stay too late at work. He was a business man which made it easier for him to be around us. But growing up, I wasn't the emotional type to want to cling unto anybody. So, I still ended up not having any sort of bond with any of my parents infact. As for being a good parent to my kids, I will still end up raising a family just the same way I was raised. |
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I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
I think this is similar to making fixed deposits In banks. Interests are way lower than what you'd earn in hodling but at the end of the day, if you are hungry or in an emergency, you'd collect or liquidate it. First of all, understand that if you don't discipline yourself, it's going to become a habit and you're not going to be able to save anything. You're going to start from hunger, move to necessary dresses, down to unnecessary things like show-offs and parties, confusing needs and wants. You don't necessarily have to hold everything, liquidate some and hodl some so you won't starve and you won't spend on unnecessary things. There are lots of wallets that are fixed for hodling. You put your Bitcoin in and lock it for a specific period. If the amount from Bitcoin isn't enough, or you feel you're moving at a slow pace, loo for a side hustle or get a main job. The worst thing a person can do now, especially in this country, is to depend only one stream of income . But, all in all, don't give yourself excuses for impatience and lack of discipline. |
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There is a saying that what ever had an advantage also had a disadvantage, why am saying this is because most people especially the newbie's thinks when having Bitcoin the situation is always win win win. So I will be listing a few of the advantages and disadvantages of having it.
disadvantage of having it
*The high volatility attach to it can be very risky.
* It's not generally accepted by all.
* It can be stolen if your system is hacked.
* It's almost near impossible to retrieve if sent to the wrong address.
advantages of having it
* It can make you filthy rich during the bull run.
* It decentralized, no third party like banks and financial institution.
* It's a self custodian asset, the privacy is priceless.
* It's very accessible at any given point in time.
I don't know if I missed some that I didn't mention.
Yh, everything with an advantage also has its disadvantage, and profitable things comes with their risks. Managing risks can be attributed to having appropriate knowledge about the risks attached. For high volatility, hodling would be best here and a financial adviser would also help. Not generally accepted, save some, trade some for your local currency. Hacked system, use hard wallets. Sending to wrong addresses, literally double check addresses before sending. These are basic knowledge, there are many more ways to cope with the risks Bitcoin comes with. |
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This nation is all we have, and while politicians allocate billions of taxpayer funds to foreign trips and renovating the residences of the Vice President and the President's Chief of Staff straining the economy. Procter & Gamble, a major consumer goods company, is set to discontinue its ground operations in Nigeria, opting for an import-only business model. Procter & Gamble, renowned for products such as Oral B toothpaste, Pampers, Always sanitary pads, Ariel detergent, and Gillette shaving sticks, cites the challenges of operating as a dollar-denominated entity and the prevailing macroeconomic conditions in Nigeria as reasons for its strategic shift. It's noteworthy that this move follows GSK's departure from Nigeria earlier this year, leading to a surge in medicine prices. Similar repercussions are anticipated for Procter & Gamble's products—Oral B toothpaste, Pampers, Always sanitary pads, Ariel detergent, and Gillette shaving sticks. The primary concern is not merely the likelihood of price hikes but whether Nigerian companies exist that can step in with high-quality, locally manufactured alternatives once Procter & Gamble exits the market.
https://nairametrics.com/2023/12/06/pg-to-dissolve-ground-operations-in-nigeria-revert-to-an-import-only-business-model/https://africa.businessinsider.com/local/markets/pandg-to-end-manufacturing-operations-in-nigeria-reverts-to-an-import-only-business/55d8rp8#:~:text=P%26G%20produces%20a%20range%20of,toothpaste%2C%20and%20Gillette%20shaving%20stick. Oo wow, we're even losing foreign investors now. Meanwhile, were not producing anything. At this rate the country may fall into the depression phase of business cycle. The problems of this country is even way to confusing to understand right now. I want to ask though, currently, prices are soaring, value of currency, dropping, meaning inflation is increasing and money in circulation is increasing. If we import wouldn't we be reducing the money in the circulation, leading to more value, or is there a twist somewhere that I'm missing ? |
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Hello my country people. I hope say we dey push forward even though our country no too dey give us joy? Well, make we no give up... las las we go dey ok.
I take eye observe say we dey feel too comfortable blaming everything for we country on politicians. Person go thief, them catch am, him go blame politician and government wey no provide job. Fine girl go leave to learn handwork go dey do olosho and at the end, she go blame politicians and government. Even some papa them wey born full house when them no get work still dey blame politicians and government. Before now me self follow for this habit but recently, something just touch my mind say e be like that pattern no make sense at all. E dey make people lazy and irresponsible!
Even though our politicians and government no too try, that one no mean say them go chop blame for every bad thing wey happen and even wrong decision and choices people make. Even inside this our country wey no keep face well, e get people wey still dey meet up for their dreams so make we dey try to adjust and push on.
Some of the way we fit dey push forward for our country now na :
1. Planning well with our resources and time
2. Finding something legit and giving it your very best
3. No shame to hustle even if it means starting small.
This one na my views, my people how una see am?
My brother watin U talk make sense but e get one or two things way I go like point out for you. As a citizen of a country, there are lots of basic things way government to suppose set in place, for citizens to strive. 1: ELECTRICITY. Government supposed generate electricity for SMEs and multinational Business to grow, if MTN tell you how much them dey waste on top diesel because there is no sustainable electricity u go shock. If that your hair Babber tell you how much him dey waste on fuel everyday, because say light no dey, u go shout. Now ask yourself how much dem dey gain. 2: UNEMPLOYMENT AND UNDEREMPLOYMENT. I believe say, this particular matter we can all relate. Person go spend years for school, when him finish him go come still go service and come back, yet no job. Job way person go try see, them go wan under pay the person. Because say industries no dey, to employ, Government no wan even hear anything about youth empowerment and growth. Meanwhile for other country, once you no get work, e get social support system way go dey pay till you find job. Guy make I stop here, because If say make i list the problems way government don put people, we no go finish am. So brother no blame us say we dey always call government, because na them dey incharge of our money to use run the system. Honestly, this country na difficult place to live in, and governments no dey try at all. If only the citizens could realize how much power they have though, things might change before tomorrow morning. Sometimes I wonder, if it was possible to make our country a little bit easier to live in, why haven't we? Government dey wrong the people, the people dey wrong themselves. Speaking of electricity, yes, we are behind in that aspect, but the entire country sef is behind so I don't even know what to say about that one, but as for employment, I honestly think you'd wait forever if you're waiting for the Nigerian government to grant you jobs. If you want to blame the government, you should know that there are countries that are better than ours where they still blame their government. Don't waste your energy on things that would suck it all out, when you can focus on how to either survive or escape the country. Government will always be government and they will always be corrupt, you just have to help yourself however you can. |
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To be honest, you can't prepare for what you know nothing about, but also, knowing isn't enough, you'd have to also be ready. This reminds me of the old saying " proper preparation prevents poor performance" mostly used In the aspect of academics but also means a lot in this field also.
The bull market is on the run. Those with proper information know that prices will continue to increase from now on till probably 2025, but knowing all this would be a waste if you can't take advantage of the opportunity early enough.
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Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.
Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small but it is still a decent salary.
Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.
My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.
Which do you prefer an why?
Of course, everyone is going to pick trading/business. I mean...the profit is worth it. To be honest, I never liked the idea of working for the government, so, being a civil servant was never an option for me. But, the reason I'm going to choose trading would be cause, the profit would motivate you to do better. It's not all about earning more, it's also about being more productive. "Your success totally depends on you" kind of job is totally what i'll prefer. |
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Any business can fail if not well manage. It is one thing to start a business and it another thing for the your business to stand firm for life. These are examples of Nigerian Businesses that Failed Within 5 Years: 1. Efritin  It was founded in 2015 as a classified advertisement website by the Swedish company Saltside Technologies. However, it was unable to scale beyond its second year due to various factors such as mismanagement of funds and high data costs. 2. GoMyWay  GoMyWay, a Nigerian ride-sharing service, began its operation in mid-2015. It, however, shut down in 2017 through an email circulation sent to its customers. 3. OLX  OLX is a classified advertising platform launched in 2012. It allows individuals to buy, sell, and trade used products and services using their phones or the internet. Naspers, a South African media behemoth, owns the startup. However, the startup was shut down in 2018 due to challenging operating conditions. 4. Easy taxi  The ride-hailing company started in Brazil in 2011 and expanded into Africa. It was launched in 2013 in Nigeria, becoming one of the first Rocket Internet armies to arrive in Africa but was later pullout from African market after few years. https://businesselitesafrica.com/2022/02/09/5-nigerian-businesses-that-failed-within-5-years/?amp=1Reason why businesses may fail👉 Poor Customer Care/Support Customers need proper attention for a business to survive. Without them, your product will fail to exist. When customers are not well treated or appreciated, they often become dissatisfied, leave bad reviews and patronize others. 👉 Mismanagement of Funds Some small businesses fail because the owners mismanaged the business funds and there was no accountability. 👉 Inadequate Financing Huge number of entrepreneurs make a common mistake of starting a business with no adequate operating funds. Most small business owner start their business without having enough that can finance the budget of their business. Some start the business with loan with heavy interested. 👉 Poor Business Management The management play a key role to sustain a business. It comprises of activities such as planning, organizing, staffing, directing, motivating, controlling, co-coordinating and communicating. When a business is poorly managed, its death is imminent. Management 👉 Inability to Communicate Value Communication is highly important in businesses. This is the only language your customers here. Some small businesses fail because of their inability to clearly define their value propositions — that is, they fail to understand and communicate their products or services to consumers effectively. 👉 Wrong Expectations Some startup and small business owners expect money to start rolling into their business account immediately with doing little or nothing. The idea of starting a business with the wrong expectations and impatience has made many businesses to collapse within a short period of time. 👉 No Planning Most small scale businesses start the business without a concrete plan. They rush into business because they see people make ways from it. To start a business, one need to make proper findings about the business. Failure to plan may lead to the downfall of the business. 👉 Lack of Focus Investing in many things almost at the same time is not healthy fora business. Engaging in so much things at a time may make them run out of cash. This on the long run will affect the financial aspect of the initial business. At the long run, they end up closing down the business. https://mkobo.medium.com/13-reasons-why-small-businesses-fail-in-nigeria-3c844fee7e7cCONCLUSIONEstablishing a strong and firm business doesn't come easy. It involves patient, time, passion and hardworking. Young entrepreneurs should try to learn from failed businesses and guide themselves to successful businesses. A book I'd recommend concerning this is " How They Started Global Brands" by David Lester. You see one of the most important aspects of entrepreneurship people disregard is innovation. Starting up a business isn't all about how much revenue you'd make within a year or 5 years, it's about how long you survive BEING UNIQUE. What makes you different from other entrepreneurs in the field? What makes you more profitable to the consumer? If you can't focus enough on something new or transform something you already know into something new you may not survive the market. So, my advice to young entrepreneurs out there including myself, would be to focus on something valuable so much you can transform it into something new and sell it. |
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