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A short story
Ada got a bonus is N1m in 2005
She invested in a fixed income certificate in a bank....she earned 10% per annum.
Ada was happy..
Ada got a bonus is N1m in 2005
She invested in a fixed income certificate in a bank....she earned 10% per annum.
Ada was happy..
Then inflation started to rise...
Suddenly inflation was 8%
Ada was not happy
Suddenly inflation was 8%
Ada was not happy
So Ada withdrew her cash from the bank and invested in a higher yield Corporate Bond paying 16% per annum...
But inflation rose to 12%
Ada was not happy
But inflation rose to 12%
Ada was not happy
Two POVs...one for leather shoes another for kpomo (cooked hides and skin)
Against Kpomo
"Nigeria is losing out in the pack of countries competing for the $75 Bn global leather industry because of ponmo consumption" Olufemi Aluko of the Faculty of Clinical Sciences, OAU
Against Kpomo
"Nigeria is losing out in the pack of countries competing for the $75 Bn global leather industry because of ponmo consumption" Olufemi Aluko of the Faculty of Clinical Sciences, OAU
For Kpomo
"1m pairs of shoes are produced by more than 80,000 leather makers in Aba each week. If sold for N 2,500 per pair, it could bring N120b to the industry. But as food, it’d be sold 5 times higher"
Emmanuel Ugbodaga, Nigeria’s Footwear, Leather and Textile Festival.
"1m pairs of shoes are produced by more than 80,000 leather makers in Aba each week. If sold for N 2,500 per pair, it could bring N120b to the industry. But as food, it’d be sold 5 times higher"
Emmanuel Ugbodaga, Nigeria’s Footwear, Leather and Textile Festival.
Was interested in the "Business of Sex" when i sought to buy a domain.
The highest price paid for a domain name was for an adult entrainment site for $13m
Did more research..there is a Vice ETF that invests in alcohol and tobacco but could not find one into adult entrainment
The highest price paid for a domain name was for an adult entrainment site for $13m
Did more research..there is a Vice ETF that invests in alcohol and tobacco but could not find one into adult entrainment
So I went online to find a site used by Nigerians...found this.
Long story interviewed the owner
Listing site, they have over 12,000 "vendors"
They make N100,000.00 a day
There are others but these chaps agreed to talk with me..
Target market are usually the high end....
Long story interviewed the owner
Listing site, they have over 12,000 "vendors"
They make N100,000.00 a day
There are others but these chaps agreed to talk with me..
Target market are usually the high end....
Looks like an entire ecosystem of sex shops, online chat rooms and "vendors" even B2B commerce.
Should Nigeria simply accept this is an industry, add to GDP and tax it
#FinPlanPolls
Should Nigeria simply accept this is an industry, add to GDP and tax it
#FinPlanPolls
