₦airaland Forum

I must make front page this 2013.......

Nigerian federal legislators with a basic salary of $189, 500 per annum (N30.6 million) are the highest paid in the world, according to data from the UK based Independent Parliamentary Standards Authority, the IMF and the Economist.

The legislator’s basic salary (which excludes allowances) is 116 times Nigeria’s GDP per person of $1,600, and is 52 percent higher than what Kenyan legislators, who are the second highest paid legislators, earn as a percentage of GDP per capita.

In absolute terms, Nigerian legislators only earn less than their Australian counterparts who make $201,000 per annum, or about 3.5 times the salary of the average Australian.

The ranking also shows that four out of five of the highest paid legislators in the world are African legislators, with the top five being Nigeria, Kenya, Ghana, Indonesia and South Africa.

The high legislator pay has been causing a lot of outcry in some countries, as citizens protest the huge pay discrepancy between legislators and average citizens.

An independent body’s suggestion that British lawmakers’ salaries should rise from £66,396 ($105,400) to £74,000 in 2015 has prompted a media firestorm, while furious Kenyan demonstrators burned 221 coffins outside parliament in a row over the pay and benefits awarded to Kenyan MPs.

In Nigeria, the huge legislator pay is compounded by a lethargic approach to lawmaking that has seen the lawmakers passing less than 10 percent of bills before them, since the inauguration of the 7th Assembly (2011-2015) on June 6, 2011.

BusinessDay also reported last week that the National Assembly, which is facing a backlog of unfinished business and increasing public disapproval, has spent N5.2 billion on average to pass a bill in the past two years.

The National Assembly, which comprises the Senate and House of Representatives, has passed 69 bills out of a total of 725 bills in various stages of progress before it, according to BusinessDay’s analysis of the bill progression chart of both houses, gotten from the Assembly’s website.

Meanwhile, 73 percent of people in Nigeria think that the parliament is affected by corruption, data from Transparency International’s (TI) most recent global corruption barometer shows. Ninety-four percent of respondents in the same TI survey said Nigerian political parties are affected by corruption.

The Nigerian legislature had a budget of N232.7 billion for 2011, N150 billion for 2012, and N150 billion for 2013.

The prorated cost of running the 7th National Assembly since its inauguration in 2011 till date, amounts to N360.74 billion ($2.2 billion).

A major piece of legislation left undone by the legislators includes the Petroleum Industry Bill (PIB), which aims to unify all the necessary legislations in one bill and provide a clear framework for investment in the energy sector.

“The slow pace of progress on key legislation is a concern for investors,” said Razia Khan, regional head of research, Africa, at Standard Chartered Bank, in response to BusinessDay questions.

The PIB, which may help improve job creation and revenues for the government at all levels (federal, state and local governments) and in theory, better the lives of the 70 percent of Nigerians who live below the poverty line, has been stuck in parliament for over four years.

This has led to loss or deferred investment of at least $28 billion in Nigeria’s oil sector since 2010, according to ExxonMobil’s Nigerian producing unit, with the beneficiaries being other producers in the sub-region, such as Angola and Ghana.

The National Assembly budget for 2013 is also equivalent to 9.2 percent of the Federal Government’s 2013 capital expenditure budget of N1.6 trillion.

The cost of running the National Assembly has serially been named as one of the highest in the world. The upper and lower houses of Nigeria consist of a 109-member Senate and the 360-member House of Representatives.

“Many citizens cannot fathom why the legislators are paid so much money to do so little,” said one analyst, to BusinessDay.

Source:http://businessdaynigeria.com/nigerian-legislator-s-pay-dwarfs-rest-world

ihedioramma: DO YOU HAVE ANY BRANCH IN ORLU,ONDO OR NNEWI OR YOUR BROKER THERE? WHAT DO U HAVE TO SAY ABOUT OANDO OIL? WHAT IS THE SMALL MONEY U CAN TALK TO OPEN NEW ACCOUNT (CSCS) FOR ME? HOW GOOD IS UR HOUSE?

I think the question should be about their on-line presence, portfolio management platforms, real time monitoring of account details(both CSCS and in-house accounts), payment options....una get my drift abi?

kunletoks: Hello Bro,
I will like to start exporting but what can i start with?
Thanks.

What commodity does your immediate community produce/have in abundance that you can package and also guarantee steady supply to a manufacturer, processor or/and end user in a foreign land

Soyedele1: My boss, when I got to the final stage of my order(review order), d amout was both displayed in USD and naira. I bot an item of 225USD and was billed 39,000 with some little amt. D money hs been deducted from my available balance but showing in ledger balance.
When I made payment on aliexpress with d same card, I ws billed 163 naira..so what happened? Website or bank?

Ask ur Bank.

2fishes: Nna, biko wèré n' wayor wayor with whatever goods U dey import o, make proper research.

Nwa afor Igbo, anam ekene gi oooo.... lols

Soyedele1: Aamazon no try at allll.....I was billed at 173.33N for $1

Yepaaaaa...... these guys sef. Aliexpress na average of N163 for $1.

[quote author=E-wizard]finally upgraded my N3 to jellybean 4.0.4[/quote]Serious?

ihedioramma: if fo can go up like this oando all get to #80 or #150 befor end of 2013

Bros, I no like Oando one bit. But with wetin FO don do so far, I go bone Fundamentals and follow Sentiments for this one.
The Debt wey this company carry dey fear me oooohhhh. But Tinubu and him gangs sweet mouth go make this one rally small.

Manutd19: Ogas at the top on jewelries stuff, pls who can recommend good stores/jewelries for me on aliexpress? Wanna start with $300(including shipping)

Try this one: http://www.aliexpress.com/store/314050

tobaoye: I went to my bank (GTB) and i was inform that i must get a device called 'token' in order to activate my card b4 i can use it for online payment. I wil do that on monday

Yes, For GTB you'll definate need a Token to avoid payment rejections on aliexpress. Mind you the Token is not for free. Last time I check it was #3,000 at the branch I bank.
Wish you Goodluck and hope you become one of the "Import Lords" soon.
Happy Weekend.

tobaoye: Thank you. Bros no vex you know as newbie concern especially one that is encountering problem.
Expect more questions. ah ah ah

You're welcome.

tobaoye: 9free did you make any payment on aliexpress between monday 15-07-2013 and now with your ecobank visa debit card.

Bros, these ur JAMB questions don dey too much oooo....
YES..., I mad payments on Tuesday this week and one this morning and they were all successful

busar: First dl droidvpn frm here

http://droidvpn.com/download.php#

abt 1.5mb after d dl on dis link create acct frm dere just put in ur email address dey will send u ur password
dl tun.ko frm here http://filedir.com/android/tools/tun-ko-installer-download-2312344.html

after dl open it tick ur kernel version alone den click instal till u get tun.ko install successful nd loaded 2 sdcard
open ur droid vpn goto acct detail nd login

den inside ur droidvpn settings connect wiv icmp
choose any free server den click connect
change ur apn to blackberry.net that is wat m using nw

Without BIS or Bundle?

busar: Have you not heard ?

Abeg, make una put me in the know.

pators: droidvpn is working.......yessssssssss

Bros , talk truth....
Procedure......

tobaoye: Which of the ecobank visa card can i use on aliexpress ( Visa Debit or Credit Card)

VISA Debit!!!
Just collect the card, change ur PIN and start importing.
No token required, no special activation required.......

tobaoye: surveycash2 can you suggest a payment method that is really working on aliexpree

Use Ecobank VISA card!!!
Thank me later.

busar: Let me still stick with Eblak for now . All this Complaints is scary for a learner, perhaps when it's fixed i go port back o

Nothing shall separate my TN3 and Mokee....whatever the bug!!!

ihedioramma: DO U HAVE CSCS POST OFFICE ADDRESS ?

No Sir....

mercylicious: Julius berger and presco are in my retirement portfolio. I no fit sell any of them. Am considering adding some units of nascon there.

2nd quarter results are being expected by this july ending. So u now know why ppl are taking positions.
Presently, am considering nahco and abc transport to my trading portfolio. Will sell unity at 66k or more and enter their trains. I don't expect to see any bear soon.

See woman wey sabi wetin time dey talk....

[quote author=2sexy.us]Let me delete the thread then...[/quote
No just try that thing.

Metamorphosis for biology class na bad topic

[quote author=2sexy.us]I guess it's time to create an export thread and let the research begin. It does not matter if we don't have sufficient info...

I will create the thread now.[/quote]Count me in

[quote author=a.A.K]I am happy u guys r thinking export. I've for months been thinking in that direction too.Sesame Seed is in abundance where I stay in the north.the planting season Is close and I would really want to tap into it this year.[/quote]My Ogas, am also based in north central. Lots of grains, vegetable and fruits here. Just PM/inform me for when the time is right.

Elai147: It depends on where you are buying from. I made an enquiry from First bank in March 2013 and they confirmed to me that the minimum subscription is N100,000 and subsequent amounts must be in multiples of N1000. However, First bank only buys 91 days T-Bill for you. Try sending an email to firstcontact@firstbanknigeria.com and enquire directly from them. There may be other banks that should be willing to accept 100k minimum.

FCMB is N250,000 and multiples of N1000 subsequently

yehmy: *Driving by wiv my new buggatti*

Oga, the buggatti no dey send SMS oooohhhh.

samdafi: nothing about sms sending and receiving?

SMS can wait till next update.
Everything is cool aside that bug.

Is today Oando day?
What has Changed in Oando that my Ogas at the top are valuing it @ N25 - N35

sylaz: Abeg how you fix that mobile data issue?? Abeg how you fix that mobile data issue??
I dey beg you die oo

Goto APN Manager
Click "insert APN"
APN Name: Name it anything
APN: blackberry.net
Leave every other thing as they are.
Goodluck.

myhobbies: me too o, no rootbrower here bt root explorer. Though i ported back to Eblak

Goto language & keyboad settings and change the keyboard language from US to UK. Dat's all.

physise: post am or pm me

Post it here and be BANNED!!!!