Damod88:


Then why are they not investing in education or whatever it is that is the problem?





















The problem is not the cost of doing business in Nigeria. The problem is we don't have the technical know-how to mass produce that could lower production cost. In addition to that we don't have knowledgeable entrepreneurs who are ready to invest in production in Nigeria.

Logobenz:
Bros stop being defensive on some thing that's almost impossible.
So let's say the trader accepts the cash.how does he now pay his suppliers?by chartering a bullion van to take the money to his supplier's premises so as to avoid 3% excess limit deposit charge ABI?something that could have been transferred for N65?
Do you know most companies won't even accept cash from retailers/distributors due to inconvenience in conveying the money and also taxation policies?
FIRS wants to know how much a business is moving at all times so it can be effectively taxed na
Also you talk of safes,are you sure you know how much they cost?
Are you in business sir?

Sterope:
How much do you pay for interbank transfer charges?

Logobenz:
and pay 3% to deposit the money so he can pay his suppliers?no papi,no next door neighbour smart enough business wise will do it,unless of course it's drug business where profits are very huge.
No one will pay 3% of his supposed profit on bank charge

obailala:
Why should any normal person need to be forced before knowing they should stop carrying huge amounts of cash all over the place? As a business involved in sales, simply get a POS. As an individual, simply do an online transfer. We always lament over irrelevant things in Nigeria.

Logobenz:
This is just aimed at making more people have bank accounts.smart move by CBN.
Boosting clientele for retail/commercial banks.
If you are a dummy,this is the meaning of what I said;
If you take 5m cash to go purchase from your customer/supplier in balogun market,he will decline that you should do a transfer instead since he won't want to pay 3% of 2million as charge,that is if he runs a business account or 3% of 4.5m for savings account.
Then the 5m naira cash holder will be forced to go open an account of his/her own and do a transfer instead.
Multiply this by the total number of people like him or her and see the large number of people that will be brought into the banking dragnet with just a single policy
No one cares about the risk in carrying cash,they just want you to use a bank ffs so they can secure more customers

Sterope:
They don't want you to deposit ie carry cash. You can TRANSFER and the rate will not apply.

How exactly are they discouraging cashless transaction?

Realdeals:
Good one, most Nigerians have resistance to changes or new policy that does not provide instant benefits.

This should be the third time the government is try to implement the policy fully and to now imagine that those whose daily cash transaction is not up to 100K are making the loudest noise and complaint is appalling.

kreate1000:

He did not say exchange rate is the sign of strong economy.

kreate1000:
Reading issues? Nobody said he said that.

Blue3k:


I dont know I never looked into it. I know Nigeria could have cheaper meats if the allowed imports. I think Ratello consider annother conspiracy. The government banned pork and beef imports but allows frozen fish imports. If we had cheap alternative to Nigerians would simply eat USDA American beef and pork. It's just protectionism running a mock.

Its funny they seem to understand productivity issue I drone on about when it comes to beef production. Its the reason they're bent on doing ruga/NLTP. The ban didnt make herdsmen more productive it just makes meat more expensive.

Sholaani:


This is becoming more funny... Rice is the most imported and smuggle foodstuff in Nigeria if am right.

Now, Fg is making attempt to reduce our reliance of foreign rice coming through port and border.. Are you not aware this will surely motivate farmers here to improve on rice production... it will also make positive our country trade balance (Reduce import and if there is sufficiency of rice production here , we can as well export)

Mynd44:


I passed the one in Ikorodu on my way to a wedding last year too.
They are all over Lagos and Ambode just left them

iaatmguy:
even with that, if misrepresentation was found in ones application, CITIZENSHIP WOULD BE REVOKED

maternal:


I know a few people going through the process. To begin with a claiment gets a work permit for those 3 years, and children would have access to free schooling and healthcare. For those 3 years, any person who has sense can find a way to stay. So maybe marry someone and give them belle. If Canada rejects their claim for example, they can appeal on compassionate grounds; saying it'd be punishment to separate a man from his pikin and wife. With a 3 year span to brainstorm, a true hustler can find a way to legalize themselves. And after the appeal, it can even take a year plus to hear the appeal; further giving a person more time to hustle the system. I know a few who have got papers this route.

akinajibola:



@salfod1 and @CanadianNaija thank you very much I appreciate your response, I simply needed to clarify a friend's claim on the possibility of living in Canada without having to go through the EE route. She claimed people now take the visit/asylum route.

seunmsg:



It’s an in-house/informal advisory committee made up of his very close advisers and kitchen cabinet members. It’s very normal in every presidency. The president is not a super human who will personally know all the 43 minister designates that were nominated by state governors and party leaders. You don’t expect only him to singlehandly review their resumes and assign portfolios to them arbitrarily.

What is most important is that portfolios should be assigned based on competency, loyalty to the country and good understanding of the next level policy of the administration.

Iyamefa:


You don’t get to pay taxes since the sellers aren’t in Canada

Clearlly:
Please my people, help a starving brother. I have been pleading for help since 2 days now. I'm a student who returned to school because of the prospects of exams starting on Tuesday and also because I was opportuned to enter a free ride. my family isn't bouyant enough and my dad has severe high BP that's why I had to find my way so as not to make him to start thinking about where to get money to give me. I haven't eaten a decent food since I got back and am starving.


I am soliciting for help from well meaning people who will be touched enough to hear my plight and have mercy. I am not asking for much, no matter how little, it will go a long way. God bless you all

6016251952
Fidelity Bank.

obailala:
The man is a former commercial pilot and also served as the minister overseeing the entire aviation ministry. I believe he's in a better position than the both of us to reel out such statistics.

obailala:
Huh?

I really wasnt expecting this kind of question even if were just for the sake of arguments. Go back and re-read my post and you may also want to read any available articles or economic materials which explain generally how job creation works. Maybe if you will do that, you will probably then understand that when for instance University X is sited at a community and is said to create say 5000 jobs, it doesn't necessarily mean University X directly employed 5000 people.

obailala:
Do you realise you're actually veering totally off point?... This is what happens when people just speak/nag out of emotions and prejudices.

A quick reminder to what my comment was about... the man said a single aeroplane in the aviation sector can translate to up to 300 jobs and he is totally right about that; end of discussion!


Whether AMCON owns Arik or Arik owns AMCON, or whether the man failed in a attempt to start an airline, or whether urchins should be at airports or not, all that is totally irrelevant to the correctness of his statement that a single aircraft can create employment for up to 300 persons, both directly and indirectly.

Regarding the launch of a national carrier, I read in that statement that the plan is for it to be totally driven by the private sector; and that is a very very good idea whether you agree or not. The previous plan where govt was to have substantial stakes was shelved, that explains the current suspension of the Nigeria Air idea.

Finally you said the essence of business is to make profit, not to create employment. May I remind you that the person being screened was being interviewed for a govt position. Just in case you do not know, or have forgotten, it is the business of government to care about whether people are employed or not.

OriginalZombiE:



Obama also has a hand in the war that has decimated the nation of Sudan.

Do you still like your beloved first black president??

Trump compared to Obama is a breath of fresh air for Africa.
He has not started any wars, neither has he tried to destabilize any African nation.

Read you no go read na to dey watch CNN from morning to night.

Spits!

obailala:

Arik air as an example has less than 20 functional planes but employs over 1500 direct staff. When you factor in the indirect staff, and the indirect-indirect staff (e.g. those urchins at the airport stand that rush to help you with your bags when you get to airports, the caterers that prepare the snacks you get on flights etc), you will be shocked at the sheer number of mouths that are being fed by the mere existence of Arik air.

Sometimes people ought to exercise restraint in the way they rush to insult people because more often than not, you may just risk sounding more clueless than the people you insult.

michlins:
until we see governance as business, we can't develop as a nation.