On the other hand, if this economy were free and we say we are doing a million houses and two of you decide to form a company making doors. You are producing 50,000 doors a year at N25,000; that’s good money. You don’t need to see any governor or Minister because you would be busy. If a governor wants to see you, what is it about because you have a schedule. Your products are in demand; you have distributors waiting and you want your boys to work three shifts.
You don’t have time looking for Senator XYZ or former this and that because you are busy. We are spending over a billion dollars importing tiles every year from Switzerland, Spain and Portugal and Italy. There is clay, there is kaolin and water to make tiles here, make paint and make nails. Imagine the boom. But you can’t do it. You can’t raise a bank loan and the opportunities are just closed. You have no electricity. Greece is a country of nine million people. They have 10 refineries. Abu Dhabi is the capital of United Arab Emirates.
There are 1.5 million people there. They have 11,000 megawatts for 1.5 million people. We are trying to get 6,000 megawatts for 130 million
Tuesday, February 1, 2022
Economic transformation through housing
Economic transformation through housing
Let’s do a housing programme for a million apartments per annum so that mortgages can begin to happen. We all came.
We got a good apartment in Utako and they said it’s N10 million and that we have 15 years to pay. You know you are paying towards ownership, not to a shark of a landlord who is asking you N1.5 million. Tomorrow, he says he has doubled it and if you don’t like, you pack. Which young man in London goes looking for a plot? He looks for an apartment. In Germany, France and the U.S., it’s out of date looking for plot. Even the plot now is too difficult to get. You buy your apartment and you have 15 years to pay at maybe 5 per cent interest. They said it was a great idea. We worked it out to create 27 million jobs. I said 200,000 in Lagos, 200,000 in Abuja, 200,000 in Port Harcourt, Ibadan, Kano, Onitsha a hundred thousand each. The rest of the place, at least 20,000 and 30,000, including university hostels. Imagine the jobs for those delivering sharp sand, laterite, tipper drivers, quarries, tillers, electricians, architects, painters.
That’s how Singapore grew
The rule of 72
THE RULE OF 72!!!
Albert Einstein believed the Rule of 72 (the compounding of interest) was a more important discovery than his theory of relativity. Here’s the rule: divide 72 by the interest rate of your savings to discover the number of years in which your savings will double. For instance, one thousand pounds saved at 6 per cent annual interest becomes two thousand pounds in twelve years. But credit card issuers also know the Rule of 72. For example, if you make a one-thousand-pound purchase on your credit card at 18 per cent interest and don’t pay it off, that balance becomes two thousand pounds in just four years. Instead of earning you money, your one thousand pounds is earning huge profits for the credit card company. The Bible says, ‘Just as the rich rule the poor, so the borrower is servant to the lender.’ Have you any idea how many marriages are in trouble, or how many people are on medication because they’re drowning in debt? God doesn’t want you to live that way. When God made the world, He established this rule: ‘While the earth remains, seedtime and harvest…shall not cease’ (Genesis 8:22 NKJV). If you want a harvest when you need it, you must sow – even when you don’t feel like it. When you sow a single tomato seed you’ll get back many more in return – it’s only a matter of time. So reduce your debt and be a good steward of the funds God has entrusted to you. Then you can stand on this promise: ‘My God shall supply all your need according to his riches in glory by Christ Jesus’ (Philippians 4:19 KJV).
Courtesy: Tunde Oyekola
Start sowing today
