Posts Tagged ‘Nigerian’

Why Nigerians Suffer As Unemployed Internet Surfers

Tuesday, December 21st, 2010

Why do many Nigerian internet users surf the internet endlessly without improving their economic condition. Why are there tales of woes among the Nigerian youth who desire to make money online. This is a guest post from a Nigerian blogger, Micheal Mcneri, who leaves in United States. He started his online adventure right here in Nigeria. I belief you will enjoy this piece – Naijaecash

McNeri

Why We Suffer As Unemployed Surfers

The Internet is for surfing not for suffering. The internet is for information gathering, knowledge building and application of such knowledge for making money! It is not for suffering! So why do Nigerians suffer online. There are numerous sites where you see us (Nigerians) gathered and all we do is complain of our suffering online. I feel there is no need for that. In fact, when you have pain and you gain access to the web, all your sufferings ought to go away as you receive knowledge and help from the online community. Often, such knowledge and help are given free of charge!

I am based in the United States and I have been involved with post-secondary education up to the highest levels since 1988. I have numerous interests even though I have a full time job which pays my bills. It has however fascinated me since my days at Ibadan, UCH to be precise when we first learned of Cybercafés (Internet Cafes). That was in the days of NITEL internet and calling booths. At that time in 2000/2001, I got a glimpse of what the world wide web had in stock for us. Seas of information and oceans of characters. We browsed in a very different way then.

How I discovered the World Wide Web

In those days, I had to apply for a NITEL land line so that I could use NITEL internet. To get the line cost 13,000 naira ($87) to NITEL and another 25,000naira ($167) ‘egunje’ (bribe) to the thugs (staff) of the cursed company. It was like bleeding, but we did it. This afforded me the opportunity to become a web user as I browsed the internet by dialup. I opened “FREE” email accounts and searched with this new search engine called GOOGLE! All was going fine and I was feeling cool but a few months into this new adventure, the line suddenly stopped working!

Then I received a bill of 102,000 naira ($680)! I thought I was dreaming! I contested the bill because the phone was not working and I had not made any international or local call to warrant such a monstrous bill. Well, I was simply told that that is my bill and I have to pay it if I ever want to use the line again! To me that was fraudulent and I was not willing to pay for what I did not use. Well, that was the end of browsing from home, but I had learned that there was a huge world out there and I was going to be part of it.

Journey to Cybercafés

A few cybercafés sprang up in Ibadan at that time, but many of them had lousy speeds. I was already spoiled with my home dialup (NITEL internet) which was so fast at 24kbps! Eventually I found one in Bodija, Ibadan. It cost 500 naira ($3.5) for 5 hours of moderate speed browsing. I was happy. Then I would go and buy a pack of floppy discs (do they still exist?). Each one was 1024kb. Armed with the 10 in a pack I would go to the cybercafe and pay for 5 hours. As I surfed, I downloaded materials, usually articles of interest in the medical field, or web pages. I would just be saving them to the diskettes (for the younger readers, that is what they were called). Then when I got home, in the comfort of my home, I would re-browse them, that is if Nigerian Electric Power Authority, NEPA (another sick company) permitted (the company had the monopoly of supplying electricity, but does a terrible job of servicing the masses, I learned they have been re-branded as Power Holding Company of Nigeria, PHCN. In my humble opinion, Never Expect Power Always is better than Power Holding Company of Nigeria. Well, back to our main gist. It was at the cybercafés that I stumbled on my present career.

It was during my adventure in the cybercafés that I found out about the World Bank Scholarship and the Liverpool School of Tropical Medicine. That was how I ended up having papers in Croatia at the 7th World Congress of Pediatric Surgery. That is how I ended up here in United States, owning a website development company and helping other less advantaged organizations get their feet online.

Why all this personal story?

My story may be a bit long winded, but I want you to take from this a little lesson. It is still challenging to get online in Nigeria 10 years later, I wouldn’t have guessed. I have had some couple of youth send me letters asking me to help their helpless situations in Nigeria relating to unemployment and struggles. One of them named Tunde, does landscaping, but has no official qualification. He has worked in a cybercafe before. I encouraged him to simply put pen to paper in 5-10 short essays of what he does which is landscaping. Then I offered to help him get a website on, optimize it for search engines and even purchase some adverts for him. Then all he has to do is register his business name in Nigeria and we can hunt for business online since he was disadvantaged on the ground in Nigeria. It has been almost one year now and I have not heard from him.

I guess Tunde lacked the motivation to follow through with my proposal because he probably think it is too big a dream. It was a mistake on my part too, because I was dreaming big “for Tunde”. So I have ceased to dream for people. The message here is DREAM BIG AND YOU CAN GET THERE. It does not matter how ridiculous your dream is. What matters is whether you believe you can achieve it or not. There are many roads out here and that is why it is called the WEB. Read, Learn, Dream, Achieve.

After Tunde, I had another cold caller who contacted me through facebook. He had a similar story. Patrick is a teacher, but wants more. He complained that his meager income as a teacher wasn’t sufficient to support his poor family and there are several other financial challenges that he was struggling with. I asked Patrick what he knows and can really write about. He said poverty. I said okay, write five short essays and I will set you up as an online writer. Maybe we can get you something to supplement your poor teacher’s salary.

Two months later, I asked Patrick how far? I am still waiting. Please tell me if it takes Patrick 2 months to write 5 short essays on this first offer, how will anyone be willing to contract him? He will not deliver and in this fast-paced world, nobody has that kind of time. So the second big lesson is “STRIKE YOUR IRON WHILE IT IS HOT“. We are too lukewarm in Nigeria. We feel overwhelmed by the huge problems facing us and the lean resources available to us. However, if you want to make it to Heaven, you have to live like you are in Heaven here on Earth. Righteous, Holy and Worshipping the only true God, like the angels do in Heaven.

My Suggestion to You

I believe you should gear up and face the invisible if you want to rise out of that quagmire limiting you. Hold onto your faith, but also focus on your dreams. Yes, dear to DREAM BIG DREAMS! If you have no dreams, then you are going nowhere. Can a Man make heaven if he has not dreamed of Heaven?  Also, start NOW! People in the developed world have blogged their ways out of poverty. You too can make money online from Nigeria if you take action now. Get a blog, send a guest post to well established bloggers and become the person of your dreams. You’ve got to STRIKE YOUR IRON WHILE IT IS HOT! Stop procrastinating, start acting out your DREAM!

Micheal Mcneri is an Internet Marketer and a blogger. You can visit his website at Finance Is Personal. He also has a new one at I Be Naija.

NSE Crisis – Another Scary Story?

Friday, August 6th, 2010

Is the NSE Crisis another scary story for Nigerian Investors?

Many are yet to recover from the exposure of the rottenness that existed in the Nigerian financial sector by Sanusi. It is heartbreaking and worrisome that another bad news is making round that Nigerian Investors in the capital market are in for another shocker! Just like we were lied to when the banking crisis started, some people who claim to be experts are telling investors not to get worried because the crisis in the Nigerian Stock Exchange (NSE) will have no effect on the performance of the market.

Does one need a prophet to tell that there will be a negative effect? It is obvious that some innocent Nigerians who had trusted the leadership of NSE with their life savings are about to wake up to a bad reality. I won’t be surprised if after investigation and forensic audit is carried out, we discover that the ex-leaders of the NSE are found wanting!

Several people in and outside Nigeria has pointed out that Nigeria is blessed with everything except one critical item, GOOD LEADERSHIP. In every area innocent Nigerians have been made to pay dearly for crimes committed by LEADERS who are not accountable to the people. Our leaders reigns as demi-god who exist above the rule of law.

Activities of leaders are shrud in secrecy and crimes are committed and covered up. Atrocities only get discovered when it is too late and much damage has been done to the system. Unfortunately, even when the atrocities are finally discovered, the guilty ones still go unpunished because of the poor legal system we have in place. Cases of open looting of state and federal treasuries gets buried under bureaucracies and legal-webs that makes it difficult to obtain justice.

Now that the stock market has gotten another shock, wither shall the Nigerian Entrepreneurs go for investment?

GSM Short Code Service or Fraud!

Saturday, July 10th, 2010

The GSM Short Code Service has suddenly become another platform for fraudster to rip-off gullible Nigerians.  It is a case of robbing several gullible Peters to pay one Paul, while pocketing the remaining  proceed.  Here is my personal observation. I noticed some months back that I kept receiving unsolicited SMS from strange five digit numbers. Each one requesting that I send SMS to the five digit number in other to win a million naira or some other fantastic gifts.

FIFA 2010 World Cup was used as a bait

The volume of such SMS increased as the FIFA 2010 world cup football competition started.  I started receiving as much as three such unsolicited SMS messages per day. I guess the euphoria provided by the world cup created a conducive atmosphere for those behind this new scheme to con unsuspecting Nigerians into parting with their money.

Some of my friends played the SMS Short Code Lottery

Some of my friends actually sent SMS to those five digit numbers, expecting that they will win a million naira or some other fantastic gift. One of them confessed that he didn’t realize when he sent as much as N1,000 in piece meal to such short codes. Yet he won nothing. I am yet to meet one person that has won anything from such.  Never mind adverts on Television and Radio stations, those are just part of the gimmicks to con unsuspecting Nigerians into responding to such SMS.

GSM Short Code Fraud!

Naturally, I don’t like lottery. I believe it is morally wrong to collect money from several individuals and then give a small percentage of it to one individual while the rest of the contributors go away empty handed.  I consider such an illegitimate way of making money since the odd is always in the favor of the one who organizes such lottery.

It is personal greed that makes people not to bother about the fact that for every one person that wins a lottery, there are thousands that have lost money into the organizers pocket. So the organizer can best be describe as a legalized con artist. He collects from all with fake promise but only part with a fraction of what he collects! I know this sounds controversial, but that is my humble opinion. Back to the topic, GSM Short Code Service.

Is Anybody Regulating the GSM Short Code Service?

To the best of my understanding, the GSM Short Code Service in Nigeria is presently being used for lottery  (the government agency responsible for licensing such activity however is in slumber, so every Tom, Dick and Harry are carrying out the activity without obtaining lottery license).

BlackBerry Bold Offered For Thirty Naira (20cents)!

You feel that is outrageous. Well, that is the kind of offer I received. I’ve reproduced verbatim the SMS I received. It offered me a BlackBerry Bold worth N63,000 for a token 20cents if only I agree to be greedy enough to part with 20cents.

From 33114

Get a chance to win a blackberry Bold this week as the World Cup Quiz comes to an end. Simply text START to 33114 and you could be the Ultimate Winner! N30/SMS

What do you think? An outrageous offer? Sounds too good to be true? Well, let’s keep the emotions out of this and be factural. If you analyse the SMS message above, you will notice the following facts:

1. The subscriber is being asked to acquire a Blackberry Bold for N30 (ordinarily, one will need about N63,000 to purchase one here in Nigeria)

2. The message stated clearly that the subscriber could be the Ultimate Winner! (at least the sender was fair enough to indicate that this is nothing but a gamble. Since the subscriber is greedy enough to want a Blackberry Bold that is worth sixty-three thousands naira for just thirty naira)

3.The bet is placed once the subscriber responds to the SMS.

Since I love maths, I quickly did a little calculation and discovered that it only takes 2,100 gullible or greedy people to pay for the Blackberry, then the rest of the fund realized will simply be counted as profit by the person who set up the GSM short code.

Unfortunately, it is not all that even part with a gift. Someone was bold enough to confess that he simply pocket the money without parting with anything of value to the subscribers. The claim was made in a forum, so it wasn’t possible to identify the fellow. But it goes a long way to reveal that responding to such SMS is foolish as you will be making someone rich at your own expense.

Are the Nigerian Telecoms Operators Collaborators?

It bothers me that the GSM operators in Nigeria are willingly or unconsciously collaborating with the con artist in this rip-off. The GSM Short Code Service has suddenly become the new way some fraudulent Nigerians are robbing others of their hard earned cash. They have become so successful that they are now making boast of their nefarious activities. One of them even claim it is a new way of making money online!

If you’ve been enriching others by responding to such stupid SMS messages, I advice you stop as you may never win a dime. Even if you indeed win something, your conscience will prick you that you are enjoying what was deceitfully stolen from others.  I might be sounding religious, but that is the truth, you can deny it all you like.

I will like to hear others opinion on the legitimacy or otherwise of the GSM Short Code Service. If it is not fraud, then what is it?

Thinking About Business In 2009

Thursday, December 31st, 2009

Just Thinking About Business in 2009. The year 2009 is almost over. Less than 24hours to go. Looking back, one will ordinarily exclaim what a year! There were so many dashed business hopes and unfulfilled dreams. However, amidst the economic crisis and financial troubles in Nigeria (and really in many parts of the world), some entrepreneur learned lessons that will eventually yield them good dividend in years to come.

I had my business dreams and goals for the year 2009. About half of them suffered as a result of harsh economic environment. However, instead of getting depressed and feeling gloomy, I’m all excited because I learnt some valuable lessons which I wouldn’t have learnt if there were no economic challenges facing Nigeria.

It is true that we all often underestimate what we are capable of achieving. The truth often comes out when there is intense pressure and the survival instinct buried deep down within jumps into action. Even though I lost some business deals and made some losses this year, I can proudly say that I’m ending the year better than I started. The crisis that hit the Nigerian stock exchange market affected my asset and cashflow negatively. It was a financial disaster I won’t forget so soon. However, in the bid to recover from the adverse effect, I discovered some other opportunities of making passive income which I never considered before. So, I can actually say that it wasn’t altogether a bad year. Something good came out of the financial crisis.

My balance sheet may not show a fantastic result by the close of business today, but then, intangible assets are never easy to measure. And that is the area I have sown seriously waiting for a bountiful harvest in years to come.
Also, I have invested heavily in self development. I’ve come to understand that what makes an entrepreneur successful is more about who he/she is not what he/she has locked up in a bank or possess as physical assets.
So, my conclusion is that the year 2009 has been a wonderful year for the Nigerian Entrepreneur. How has it been with you? I wish you a prosperous year 2010 😉

Good People, Great Nation

Wednesday, March 18th, 2009

Nigeria: Good People, Great Nation

Ok, Nigeria is Re-branded, what next? Yesterday in Abuja, President Umaru Yar’Adua unveiled and launched the logo and slogan of the New Nigeria. The slogan is “Nigeria: Good People, Great Nation” while the logo is simply the word Nigeria with two letters modified. The first “i” is replaced with a tick having a dot on top of it and the last “i” has a small map of Nigeria in place of the usual dot.

Nigeria Good People Great Country

Nigeria Good People Great Country

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