Does Lagos Turn Paupers into Megamillionaires?

-


Does Lagos Turn Paupers into Megamillionaires?

Paupers are people with undeveloped abilities to add value, while megamillionaires have well-developed abilities to contribute to the economy. While we evaluate megamillionaires based on the amount of money they have amassed—tens and hundreds of millions in United States Dollars—the true assessment of megamillionaires is usually based on their contributions to the economy.


The richer you are, the more you have contributed to the economy.


Humans can contribute their time, gifts, talents, intelligence, and ingenuity. Humans can also give lands, houses, and other tangible things, but these are usually based on the intangible offerings highlighted above.


Various factors that contribute to wealth accumulation typically work together.


Lagos is one of the states in Nigeria that fosters a friendly environment for economic activities; the environment naturally supports every activity that leads to significant financial gains. The caliber of people is also integral to the economic market. One of the advantages, not unique to Lagos, is finding clients for goods or services, evidenced by its 23 million population.


Lagos' origin as an economic hub and its openness to progressive ideals from more developed economies contribute to its prosperity. A city that quickly embraces progressive ideals will attract progressive people.


However, while the city does indeed favor opportunities, it still takes individual initiative to seize them. It's no gain to have nothing to offer in a market that rewards contributors.


Lagos rewards those who have something to offer. Many may be surprised to learn that young people earn salaries that are significantly higher than their counterparts in other states because their goods or services reach a broader audience. Individual development is crucial in moving from scarcity to comfort, and it's not a cheap process.


One can have the best connections and resources and still fail to maximize them, but those who do usually differentiate themselves in economic classes.


While economic environments can be favorable, the underlying cost of moving from scarcity to wealth lies in self-development and abilities. Success stories often appear as overnight successes, but they are ongoing stories.


If one thinks Lagos is a gamble that will instantly turn them into a megamillionaire, that notion is far from reality. Yes, calculated business decisions are necessary, but they should stem from informed perspectives rather than random chance.


It's fascinating to observe the process of going from zero to hero and inspiring to see people make this climb. However, it takes a resilient lifestyle to achieve success.


Everything has its price.



Comments

Post a Comment

Popular posts from this blog

Governance: How well does it account for "learning on the job"?

-
Image
Governance: How well does it account for "learning on the job."? In Governance, the stakes are just too high, and every action and inaction has its consequences. When you learn on the job, you're not fully aware of the direct consequences of your inactivity, but everyone else who depends on what your office is meant to do certainly feels it.That’s one of the reasons why elections in democratic settings are so important. Voters should do the job of sifting out candidates who don’t truly understand what the role entails. To be the president of a country, you must actually know everything there is to know about that country, understand how it operates, and grasp the values on which it is built. For a country like Nigeria, the inability to meet this basic standard should immediately disqualify any candidate. However, this knowledge only comes through direct experience ; oral traditions, history reads, advisory roles, and assistance services cannot provide anything close to t...
Read more

Breaking Free: The Hidden Forces Behind Wealth and Poverty

-
Image
Breaking Free: The Hidden Forces Behind Wealth and Poverty Why are wealth and poverty often beyond explanation? While earning money or working for it may have logical steps, the journey from poverty to wealth, or even being born into either condition, is surrounded by mysteries. Reflecting deeply on life reveals some clues, but the full picture often feels elusive. The Unexplainable Nature of Growth Think about it: every person starts as a baby and grows physically, mentally, emotionally, and spiritually for those reborn in faith. But can we truly explain this growth? Sure, good nutrition is a factor, but it's not the whole story. Growth often happens without awareness—an inch here, another there. Even fingernails grow stealthily, requiring constant trimming. Yet, some eat well and don’t grow taller. Is it all just genetics? We often label the unexplainable with words like "genetics" or "ancestry," creating a narrative for what we don’t fully understand. Wealth,...
Read more

Selfless Giving

-
Image
Selfless Giving. The abundant mindset sees continuity in all things, as abundance fosters ongoing prosperity, while the mindset of lack sees an end to everything, as scarcity leads to cessation. Misers live in the consciousness of scarcity and fear that circumstances may one day not favor wealth and prosperity, so they prepare for that possibility. On the other hand, those with an abundant mindset live in the consciousness of plenty and sufficiency; as long as there is oxygen to breathe and life to live, there will always be enough to sustain the needs of someone with an abundant mindset. Becoming a Cheerful Giver Cheerful giving from the heart is one of the best things that can happen to anyone in life. The cost of cheerful giving is high, but whoever pays it enjoys immense blessings. The blessings of Abraham are still evident today. His willingness to offer his beloved son Isaac back to the one who gave him is a testament to this. Similarly, Jesus offered his entire life as a ransom,...
Read more