Nigeria's bad economy is due to lack of an enabling environment for businesses to thrive. But, like seriously, is that the main hindrance to the economic development of Nigeria? I beg to disagree based on the following reasons:
For Any Country to Thrive, the Youths Must Actively Be Involved
When you say this, fingers are quickly pointed at the government, especially the Federal Government. Most guys are lying fallow today, if you ask them as to why, they'll tell you how much they are ready to work should they be provided with a job today. Now, if you go further to ask as to who is to provide jobs, they won't think before they tell you that it is the Government. If you try to convince them on setting up a small business for themselves, they are quick at referring to the unavailability of capital, lack of basic infrastructure, inconsistent government policies and high interest rates on the grossly inadequate supply of loans for business. I don't know, but, while they see problems, I see business opportunities!
I used to tell my friends that capital is never a problem but a good business package. If you have a beautiful business package, getting capital will never be a problem. I'm talking from experience. The Problem with those that complain of capital is that they wish to start their business from a very high point. They are not ready to start with the basics, you know, start small and gradually grow the business to success. They want to start big and earn big right from the inception of the business. It doesn't work like that; this they learn the hard way!
Most of those that managed to get the exorbitant capital enter into the business with very little knowledge of the pits and falls of the business, so they loose out mainly due to lack of adequate knowledge and guidance. After the loss, they would blame their failure on the sorry state of the economy. This is why they complain of lack of an enabling environment.
Nigeria is Full of Opportunities Because It's Not Developed
Businesses are created to solve problems. Therefore, Nigeria with its so many problems offer so many business opportunities. So, it's not a matter of lack of business opportunities, we have so many. It's not lack of capital because I know, from experience that people are willing to entrust others with their money so long you can assure them of the safety of their investment in you. Thus, it's actually a matter of your technical know-how on your chosen line of business.
Pick on a problem, find a solution to it and perfect your skills in solving that problem. Then, you may seek for capital.
Starting Up With A Bank Loan is Suicidal
You enter into a thrift or a cooperative where you may save a portion of your daily, weekly or monthly income from work long enough to start you off with the basic minimum. Then, you can grow gradually from their until you have stabilized. Then, you may seek for more capital from family and friends who would gladly invest as they can see how much progress you have made all by yourself. In fact, they would count themselves very lucky for the opportunity. This is my own recommended line of funding that I recommend for everyone.
Bank loans, as it stands today in Nigeria, is double digit in nature. The Federal government happens to be the one with special packaged single digit interest based loans. Even at that, I'll still not recommend them for business...if not for any other reason, for the religious reason and of course, for the consequences of not meeting up with payment.
As a Nigerian, You Must Learn To Think Out Of The Box
Most would tell you how hopeless the Nigerian situation is because they're thinking within the box. They're hoping to solve Nigeria's problems the Orthodox way. That's where they get it all wrong. The Nigerian problem is beyond repairs when you think the orthodox way, but when you are able to think outside the box, Nigeria's problems are easily solved.
Take for instance, power is one of the greatest hindrances to national development and the provision of employment. The Orthodox way to solve this problem is to wait on the government to invest in the power sector. But when you think the unorthodox way, you'll notice that we can generate enough electricity for both industrial and domestic uses as individuals. This is how all the Masts of Telecommunication companies work in Nigeria. Dangote, generates more power than he needs in some parts of Nigeria where he has companies and as a matter of fact supplies his immediate communities with the excess power generated. This is not to look down on the Solar Power that's being harnessed in certain parts of the North to power whole communities 24/7.
You Can't See Business Opportunities If You Can't See Beyond The Problems
Among the Entrepreneurs, the Poor see problems, while the Rich see opportunities to make a lot of money from solving the problems. Virtually all Nigerians have been raised consciously or unconsciously to scorn at Nigeria our father land. We've also been raised to heap all the blames on the government. In some quarters, it's so bad that some Nigerians are beginning to see their being born Nigerians a curse!
The Simple truth about this unfortunate line of thought is that, the majority with this kind of poisonous and contagious thought would no longer bother to try solve the multiple problems of Nigeria. The only thing they'll be thinking about is how to escape from Nigeria. No wonder, we see hundreds of Nigerians being so desperate to leave Nigeria that they'll raise huge chunks of money like N500 000 (i.e. Half a Million Naira which is about $150 000 to leave Nigerian through the hottest desert of the World, the Sahara desert!) just to leave Nigeria. Whereas, you can reach Los Angeles in the US with just N252 000 via the airplane!
The Bottomline, here is that, for as long as you think Nigeria is a shit hole you need to escape from, you can't benefit from the numerous opportunities she has to offer. Dangote is the Richest in Africa and he made the bulk of his money from Nigeria! That same Nigeria you see as a shithole!!!
The Greatest Problem of Nigeria Today is Food Security!
A Yoruba adage has it that "Bi ebi ba Kuro ninu ise, ise buse". It literally means that the greatest problem with poverty is hunger.
This means that all the protests and clamoring for pay rise by the Nigerian Labour Congress, the NLC is a futile exercise. The real problem to the seasonal suffering of civil servants and Nigerians in general, is not the small take home but that of scarcity of food. If Nigeria becomes self sufficient in food production today, workers' savings would increase as the Naira would appreciate thereby increasing the purchasing power of the workers!
In as much as I would join the majority in asking the government to do more, I'll at the same recommend that we the people should play our part by taking advantage of the laxity of the government to make ourselves some fortune! You'll have to go register with the 'Naira Farm' for more in depth analysis, tips and tricks on how to make a fortune from the Nigerian Economy today. There's just a one time fee of hundred Naira involved. (Yes! It's Just N100). Click here to register now!
You shall receive free monthly Newsletter updates on how to make the Nigerian Economy work for you. I'll stop at that for today. Don't forget, keep thinking Nigeria.
God Bless Naija!
For Any Country to Thrive, the Youths Must Actively Be Involved
When you say this, fingers are quickly pointed at the government, especially the Federal Government. Most guys are lying fallow today, if you ask them as to why, they'll tell you how much they are ready to work should they be provided with a job today. Now, if you go further to ask as to who is to provide jobs, they won't think before they tell you that it is the Government. If you try to convince them on setting up a small business for themselves, they are quick at referring to the unavailability of capital, lack of basic infrastructure, inconsistent government policies and high interest rates on the grossly inadequate supply of loans for business. I don't know, but, while they see problems, I see business opportunities!
I used to tell my friends that capital is never a problem but a good business package. If you have a beautiful business package, getting capital will never be a problem. I'm talking from experience. The Problem with those that complain of capital is that they wish to start their business from a very high point. They are not ready to start with the basics, you know, start small and gradually grow the business to success. They want to start big and earn big right from the inception of the business. It doesn't work like that; this they learn the hard way!
Most of those that managed to get the exorbitant capital enter into the business with very little knowledge of the pits and falls of the business, so they loose out mainly due to lack of adequate knowledge and guidance. After the loss, they would blame their failure on the sorry state of the economy. This is why they complain of lack of an enabling environment.
Nigeria is Full of Opportunities Because It's Not Developed
Businesses are created to solve problems. Therefore, Nigeria with its so many problems offer so many business opportunities. So, it's not a matter of lack of business opportunities, we have so many. It's not lack of capital because I know, from experience that people are willing to entrust others with their money so long you can assure them of the safety of their investment in you. Thus, it's actually a matter of your technical know-how on your chosen line of business.
Pick on a problem, find a solution to it and perfect your skills in solving that problem. Then, you may seek for capital.
Starting Up With A Bank Loan is Suicidal
You enter into a thrift or a cooperative where you may save a portion of your daily, weekly or monthly income from work long enough to start you off with the basic minimum. Then, you can grow gradually from their until you have stabilized. Then, you may seek for more capital from family and friends who would gladly invest as they can see how much progress you have made all by yourself. In fact, they would count themselves very lucky for the opportunity. This is my own recommended line of funding that I recommend for everyone.
Bank loans, as it stands today in Nigeria, is double digit in nature. The Federal government happens to be the one with special packaged single digit interest based loans. Even at that, I'll still not recommend them for business...if not for any other reason, for the religious reason and of course, for the consequences of not meeting up with payment.
As a Nigerian, You Must Learn To Think Out Of The Box
Most would tell you how hopeless the Nigerian situation is because they're thinking within the box. They're hoping to solve Nigeria's problems the Orthodox way. That's where they get it all wrong. The Nigerian problem is beyond repairs when you think the orthodox way, but when you are able to think outside the box, Nigeria's problems are easily solved.
Take for instance, power is one of the greatest hindrances to national development and the provision of employment. The Orthodox way to solve this problem is to wait on the government to invest in the power sector. But when you think the unorthodox way, you'll notice that we can generate enough electricity for both industrial and domestic uses as individuals. This is how all the Masts of Telecommunication companies work in Nigeria. Dangote, generates more power than he needs in some parts of Nigeria where he has companies and as a matter of fact supplies his immediate communities with the excess power generated. This is not to look down on the Solar Power that's being harnessed in certain parts of the North to power whole communities 24/7.
You Can't See Business Opportunities If You Can't See Beyond The Problems
Among the Entrepreneurs, the Poor see problems, while the Rich see opportunities to make a lot of money from solving the problems. Virtually all Nigerians have been raised consciously or unconsciously to scorn at Nigeria our father land. We've also been raised to heap all the blames on the government. In some quarters, it's so bad that some Nigerians are beginning to see their being born Nigerians a curse!
The Simple truth about this unfortunate line of thought is that, the majority with this kind of poisonous and contagious thought would no longer bother to try solve the multiple problems of Nigeria. The only thing they'll be thinking about is how to escape from Nigeria. No wonder, we see hundreds of Nigerians being so desperate to leave Nigeria that they'll raise huge chunks of money like N500 000 (i.e. Half a Million Naira which is about $150 000 to leave Nigerian through the hottest desert of the World, the Sahara desert!) just to leave Nigeria. Whereas, you can reach Los Angeles in the US with just N252 000 via the airplane!
The Bottomline, here is that, for as long as you think Nigeria is a shit hole you need to escape from, you can't benefit from the numerous opportunities she has to offer. Dangote is the Richest in Africa and he made the bulk of his money from Nigeria! That same Nigeria you see as a shithole!!!
The Greatest Problem of Nigeria Today is Food Security!
A Yoruba adage has it that "Bi ebi ba Kuro ninu ise, ise buse". It literally means that the greatest problem with poverty is hunger.
This means that all the protests and clamoring for pay rise by the Nigerian Labour Congress, the NLC is a futile exercise. The real problem to the seasonal suffering of civil servants and Nigerians in general, is not the small take home but that of scarcity of food. If Nigeria becomes self sufficient in food production today, workers' savings would increase as the Naira would appreciate thereby increasing the purchasing power of the workers!
You shall receive free monthly Newsletter updates on how to make the Nigerian Economy work for you. I'll stop at that for today. Don't forget, keep thinking Nigeria.
God Bless Naija!
No comments:
Post a Comment