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Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? - Jobs/Vacancies - Nairaland

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Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Hamachi(f): 7:11am On Sep 20
I noticed a consistent behavioural pattern among Nigerian billionaires who run big businesses.

This behaviour is pronounced more among Mike Adenuga of Glo Brand and Aliko Dangote.

The behaviour is this: these business owners hardly hire Nigerians as business executives to run their businesses.

They prefer to travel as far as Pakistan, India, or Lebanon to hire their nationals to come to Nigeria to run their business.

Dangote's top executives are mainly from India and then Lebanese, while Mike prefers hiring Pakistan nationals to run Glo for him with his daughter Bella.

Dangote started hiring Indians business executives when he was a trader and since he transitioned into an industrialist, he has not looked back as he has doubled down in hiring them.

Hiring these guys comes at a steep price.

Most Dangote Group executives are Lebanese or Indian, and their annual salaries are up to 300 million naira per annum when converted to our local currency.

Aside from the high cost that they charge as salaries, you provide a duplex accommodation in Ikoyi or Banana Island with an SUV for them.

You also provide Hilux vehicle with policemen protecting them against kidnappers since they are endangered specie because of their white complexion.

Devakumar V. G. Edwin is one of Dangote's trusted lieutenants, as Aliko does not joke with him.

He has been with him since 1992, when he joined the business as a general manager.

At that time, Dangote was still a mega importer and a trader.

Edwin helped to transition the Dangote group into the industrial behomth that it is today from a trading company.

He is the one supervising the refinary project in Lekki for Dangote as Dangote trusted him so much, having supervised the building of the cement plants for the group all over Africa.

When you convert what Devakumar V. G. Edwin earns into Naira because he is paid in dollars by the Dangote group, the man earns more than 350 million naira salary per year.

Just like the rest of Dangote's top executives, he is an Indian national, and it is the same story across the whole gamut of Dangote's executives. .

The CEO Of Dangote sugar, RAVINDRA SINGH is an Indian national.

The same with the CEO of Dangote Cement.

Now I want to understand:

Why, despite the high cost of hiring them, are these Forbes billionaires more comfortable hiring Pakistanis, Indians, or Lebanese than Nigerians to manage their businesses in Nigeria?

Are they more ruthlessly efficient than their Nigerian business executives?

Is there any reason why this is so?

4 Likes

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Meerahbel: 7:33am On Sep 20
I can relate very well with your write up.
Here's what was written by someone who has experience first hand ‚úč
ultron12345:
I run a manufacturing business and a trading business.

The biggest challenge in my manufacturing business is not power, or infrastructure, the biggest challenge is getting honest staff.
Everyone we hire is appears to be on a mission to steal as much as possible. Inflated invoices, recording less than the actual number of units produced. The worst part of it all is that all the fraud we've uncovered is not done by a single person, it's usually many staff who collude with each other, from production, to sales, to finance, even top management.

There was a year I overhauled management 3 times in a year. But I've found a solution sha, I now use Indian management. So competent, so honest and so straightforward. I thought they were expensive at first with all the visa fees, accommodation, house staff, but now that losses due to staff theft have been reduced to a minimum, and efficiency increased, the Indian management has turned out to be cheaper than the previous Nigerian management. Now, all sensitive positions involving money go to Indians. Nigerians are only allowed in non-sensitive positions. I used to criticize companies like Dangote Group that hire so many Indians when there are many unemployed Nigerians, but now, I understand their decision.

My biggest challenge in the trading business is the same, getting honest staff. The form of trading occurs in the open market, and involves staff having access to huge sums of money running into a few millions. I know how much I pay to security companies to provide escorts for the staff, not to prevent robbery, but to ensure that the staff go straight to the bank to deposit the money after the day's sales and not disappear with my money. This money spent on security companies is even enough to be declared as profit. We have to spend on CCTV, biometric scanners and other things that wouldn't not be needed if staff weren't looking for the slightest opportunity to steal.

It got so bad at a point that my main criteria for employing staff was no longer competency but honesty. At least, competency and skills can be learnt, but once you're dishonest, you're dishonest.

We always complain of the economy and how they are no jobs. I know people abroad who would have loved to set up job creating businesses in Nigeria but they can't because they can't get any trustworthy person to run it.

I know people in Nigeria with so much money, they want to start factories and other job-creating businesses but they can't because they are occupied elsewhere and can't get any trustworthy person to run the business. So instead of investing in the real sector and creating jobs, they'll just buy treasury bills, while the thieves are shouting no jobs.

Many big businesses would have been born in Nigeria if we could engage in partnerships, but we can't because you can't trust anyone. This is one advantage the Indians and Lebanese have over us in Nigeria. They can pull resources together and do mega-business, unlike Nigerians that because only one person must do everything since we can't partner, end up with small, tiny businesses.

Start a poultry and they will be stealing your eggs. Some will even go ahead to be killing the chickens so that they'll be allowed to take them home.

Start an entertainment/viewing/game center and they'll be pocketing your money. On the days you're around at the business, the money
realized will be x10 of the money realized when you're not around, because they're eating your money.

Lease out a vehicle to a driver to use and watch as he'll finish you.

Start a restaurant, the same thing will happen. More than half of the total food ingredients will end up in their personal kitchens.

Even ordinary provisions shop, they will find a way to steal.

7 Likes 2 Shares

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Meerahbel: 7:55am On Sep 20
And you'll see these people point their crooked fingers at politicians when they're not any different. I usually say the reason most Nigerians haven't stolen billions of government money, is simply lack of opportunity.

Nigerians are the problem of Nigeria.

6 Likes 1 Share

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Elsueno: 8:11am On Sep 20
Unfortunately it's because most Nigerian workers are thieves, Only a few are honest & they are very hard to find.

I have seen a company that was working very well & taking care of thier dealers when the managers where of foreign origin..Immediately the owners started allowing Nigerians to take those positions, everything went downhill. They corner d benefits meant for d dealers & even illegal go towards cutting off the dealers with thier customers by posing as 'dealers' themselves.

If u can find a trustworthy Nigerian worker, u go enjoy well but once that's not available, bros stick to d foreigners, at least them fear what ever it is they worship

8 Likes

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Oyindamolah: 11:01am On Sep 20
This is the true reelection of the leadership in Nigeria.

3 Likes

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Pojomojo: 12:33pm On Sep 20
Tony Blair former PM of UK said, "Nigerians are fantastically CORRUPT"

5 Likes

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Meerahbel: 9:40am On Sep 21
hmmmmmmm
Pojomojo:
Tony Blair former PM of UK said, "Nigerians are fantastically CORRUPT"
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Hamachi(f): 12:15pm On Sep 22
shocked
Elsueno:
Unfortunately it's because most Nigerian workers are thieves, Only a few are honest & they are very hard to find.

I have seen a company that was working very well & taking care of thier dealers when the managers where of foreign origin..Immediately the owners started allowing Nigerians to take those positions, everything went downhill. They corner d benefits meant for d dealers & even illegal go towards cutting off the dealers with thier customers by posing as 'dealers' themselves.

If u can find a trustworthy Nigerian worker, u go enjoy well but once that's not available, bros stick to d foreigners, at least them fear what ever it is they worship
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Meerahbel: 4:34pm On Sep 23
Elsueno:
Unfortunately it's because most Nigerian workers are thieves, Only a few are honest & they are very hard to find.

I have seen a company that was working very well & taking care of thier dealers when the managers where of foreign origin..Immediately the owners started allowing Nigerians to take those positions, everything went downhill. They corner d benefits meant for d dealers & even illegal go towards cutting off the dealers with thier customers by posing as 'dealers' themselves.

If u can find a trustworthy Nigerian worker, u go enjoy well but once that's not available, bros stick to d foreigners, at least them fear what ever it is they worship
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Pojomojo: 5:05pm On Sep 23
Meerahbel:
hmmmmmmm
Yes, Google it
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Hamachi(f): 10:49pm On Sep 27
wink
Pojomojo:
Yes, Google it
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Hamachi(f): 5:34pm On Oct 01
Meerahbel:
hmmmmmmm
it's was actually captured ona live interaction with some dignitaries.
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Meerahbel: 7:30am On Oct 04
shocked
Hamachi:
it's was actually captured ona live interaction with some dignitaries.
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Hamachi(f): 8:25am On Oct 11
Meerahbel:
shocked
Yes na
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Gbengageorge: 11:38am On Oct 26
The worst part of being a Nigerian is that they even instill in babies to be dishonest. Go to the senate houses, even the president can not be trusted with the country's treasuries. May God help Nigeria.

5 Likes

Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by lavylilly: 3:57pm On Oct 28
shocked
Gbengageorge:
The worst part of being a Nigerian is that they even instill in babies to be dishonest. Go to the senate houses, even the president can not be trusted with the country's treasuries. May God help Nigeria.
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Oyindamolah: 9:12pm On Oct 30
cry
Gbengageorge:
The worst part of being a Nigerian is that they even instill in babies to be dishonest. Go to the senate houses, even the president can not be trusted with the country's treasuries. May God help Nigeria.
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Hamachi(f): 5:38pm On Nov 10
cry
Gbengageorge:
The worst part of being a Nigerian is that they even instill in babies to be dishonest. Go to the senate houses, even the president can not be trusted with the country's treasuries. May God help Nigeria.
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by Meerahbel: 7:50am On Nov 22
wink
Oyindamolah:
This is the true reelection of the leadership in Nigeria.
Re: Are They More Ruthlessly Efficient Than Their Nigerian Business Executives? by IyaTola: 5:01am On Dec 03
wink
Elsueno:
Unfortunately it's because most Nigerian workers are thieves, Only a few are honest & they are very hard to find.

I have seen a company that was working very well & taking care of thier dealers when the managers where of foreign origin..Immediately the owners started allowing Nigerians to take those positions, everything went downhill. They corner d benefits meant for d dealers & even illegal go towards cutting off the dealers with thier customers by posing as 'dealers' themselves.

If u can find a trustworthy Nigerian worker, u go enjoy well but once that's not available, bros stick to d foreigners, at least them fear what ever it is they worship

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