@asemota Raising children is a lot, especially training kids to be well rounded, which takes a lot of intentionality from parents, starting with taking education seriously. Upholding a good values system, grit, and discipline, not neglecting the religious aspect there has to be an anchor
@C_CDon@asemota The rag first generation to the rich 2nd generation back to rag 3rd generation because the second generation had it easy and they could not pass the grit, values and discipline to the 3rd generation
Dear accountant, your job is to keep your company penalty-free. NRS and the State IRSs don’t grant extensions easily in 2026
Here’s the Nigeria Tax Schedule/Calendar every accountant should follow for 2025/2026:
Check this thread 🧵
I’m not a billionaire. I didn’t expect to be someone he’d want to interview. But these moments don’t knock twice so I said yes.
The favour of God is real, and it rarely arrives on schedule. The police were acting but the message remains - To God be the glory, Jesus is real 🙏🏾
This school of hard knockz guy that interviewed Dangote tried to interview this billionaire woman and her police escort dey move like say na bandits dem see😭😂
The woman makes 80 million dollars a year🤯 🥶
i started researching on starting a private equity firm, if you also want to, here are my findings.
It is a whole different ball game now. The days of just gathering a few friends' money to buy up a company are long gone. The regulatory and market entry bars are high, but the opportunity is massive if you do it right
here are the few things I have learnt on starting a private equity firm here in Nigeria
1️⃣First, check your pockets
You can't do this under the radar. To operate as a Tier 3 Private Equity Fund Manager, the Securities and Exchange Commission (SEC) requires a minimum paid-up capital of ₦500 million. If you want full-scope asset management capabilities (Tier 1), that figure jumps to ₦5 billion. Registration requires absolute transparency, clean financial statements, and audited background checks. I will stick Tier 3 abeg
2️⃣ Structure your entity for local and global money
Most managers set up a GP-LP (General Partner/Limited Partner) structure. The GP is your fund management company registered with the CAC. If you plan to blend local capital with international development finance, you’ll likely need to use an offshore hub (like Mauritius or Delaware) feeding into a local special purpose vehicle (SPV) to keep things seamless for international investors.
3️⃣ Nail down your "Investment Thesis"
LPs (Limited Partners) will not give you money just because you are smart. They want a hyper-specific strategy.
Are you doing Growth Equity in the consumer goods space? Are you focusing on mid-market tech infrastructure? Or are you positioning for the Private Credit boom to lend to companies squeezed by tight commercial bank rates? Pick a niche and own it.
4️⃣ Write your own check first
To convince high-net-worth individuals, local Pension Fund Administrators (PFAs), or international allocators to back you, you must provide a GP Commitment.
This means you and your partners need to put your own cash into the fund, usually 1% to 2% of the total fund size. If you don't risk your own money, no one else will risk theirs.
5️⃣ Build your "Value Creation" dream team
Signing the deal is only 10% of the job. You need a team that knows how to step into a Nigerian business and aggressively scale it.
We are talking about experts who can restructure messy corporate governance, stabilize supply chains against FX volatility, move a factory off a failing power grid onto solar, and integrate AI to protect margins.
Clearly the most difficult part here is securing funding and this can take up to a year or two
#FinTwit #PrivateEquity #Nigeria #Investing #AlternativeAssets
Many of you need to grasp the fundamentals of how an economy functions. For an economy to operate effectively, one person’s expenditure must be another person’s income. It’s impossible for a significant portion of the population to engage in local trade and petty trade as this would lead to economic hardship. Therefore, it’s crucial to prioritize formal employment over informal employment as a sustainable means.
All this talk about akara sellers making more is the silliest thing I’ve heard. You’d think we don’t work with the informal economy, lol 😂, and we don’t understand how value accumulates at the end of each month and the beginning of every month. If we had more formal paying jobs, we wouldn’t be in as much of a poverty situation as we are today.
BREAKING: A Nigerian woman, Habibat Salawudeen Ihiovi-Jack, is attempting to set a new Guinness World Record for the longest Holy Bible reading marathon, aiming to read continuously for 144 hours in Port Harcourt, Rivers State.
🚨 Nigerian foods you're eating WRONG
(Part 2)
Like I said before our market has the most powerful food on earth.
Most people are wasting half of it and this round is worse than the last.
1. Ewédú (jute)
🧵👇🏾