Regis Ohia
340 posts
@OhiaRegis
Nobody cares about what you say you can do, just deliver
If you know any young person that wrote JAMB(UTME) this year and scored upto 220...tell him/her to apply for Mastercard Foundation scholarship at Pan-Atlantic University! Deadline is May 22nd! apply.pau.edu.ng Resharing, someone needs it.
Find audacity. There is nothing that will help you more in this life than audacity, find it, let it push you to do things , to silence the noise , to go back to school, to leave the country, to start a business, to do things . To fight for your life.
Before they finally closed their retail shops scattered all over the country, the Nigerian investors led by Tayo Amusan, who acquired ShopRite from its South African owners, took a ₦2.4 billion loan from Moniepoint's microfinance. The loan was meant to be a working capital facility. Apparently, the loan has stopped performing as ShopRite is no longer in business at the moment. To recover their money, Moniepoint went to court, two weeks ago seeking an order restraining every bank from releasing or dealing with funds held by Retail Supermarkets Limited, the owners of the ShopRite franchise in Nigeria, so it could recover the ₦2.4 billion working capital facility owed to it. Moniepoint is learning in real time what older banks faced with Nigerian corporates who don’t like paying back their debt. Onigbese is a culture and who we are as a people. It is a deeply ingrained cultural practice that reflects the character of our people Shoprite, under the Nigerian investors, was run so badly and mismanaged that suppliers were owed money months after supplying their goods. This factor made local suppliers stop supplying their goods. Thst was the main reason why we saw empty shelf at ShopRite shops before they finally closed. Little did we know that the Nigerian investors also owed Moniepoint and had refused to pay. This is not how to run a legacy business.
ShopRite is what happens when people who don't understand retail think they can just take over people's shops and continue to run their operations smoothly. If all the men in Balogun suddenly left their shops and some Lagos island riff raffs take over, they'll run those businesses into the ground in the blink of an eye.
Life no favour anybody. No be here Kagan tell us wetin him Dey pass through? If e no talk, you go think say e life soft. Just yesterday someone was gisting me about how a popular billionaire we know was drowning in debt of over 40bn pre 2023. Luckily for him, na presido boy and na wetin save am. Every single person is going through it on this Earth. Infact I’ve come to realize that the higher you go, the more life fcks you.
I remember discussing with my talent advisor that once I finish my MBA, I want to return to Nigeria and focus on entrepreneurship. She said "I admire that passion, we see it every year amongst the African cohorts. You can see the ideas and the solutions and it draws you. Anyways, I'd like you to consider the success rate of this your goal, and then when you're done, I'm sure you'd book a session next week with me when you've decided on a new path, and we can talk more strategically". Blur.
Interesting reaction to this tweet. People have said what I want to say. I know of a man that wanted to buy property from my friend. He was negotiating with my friend, and his wife was there pretending to be absent-minded. My friend was calling a higher price, and the buyer wanted to knock it down, well. Buyer then decided to ask his wife. Madam said he should just pay and wrap it up. My friend was happy as Oga did transfer. My guy never reach house when madam sent account number for her cut. 😭😭
