₦airaland Forum

sarrki:
Seriously I will rather prefer akpabio to back out

We need him to clean the mess in NDDC

The cabal in niger delta region now wants him to go to senate

NO way

We don’t need is services in senate


Akpabio please clean up the Niger delta ministry for us

God bless you uncommon transformer

What exactly will he be cleaning in the ministry............
I guess the same thing he cleaned up in Akwa Ibom as governor...

nairavsdollars:
Temidayo Akinsuyi;Samuel Ogidan
Lagos / Abuja –



https://www.independent.ng/presidency-silent-on-sack-of-osinbajos-aides/

Are we to now listen to a SAN who just recently lost a case at the supreme court.......
What exactly were this predictions he made times past that turned out to be true.......


Those who have manhood and lost what do we now call them?

Osibanjo is a great man and whatever the challengees as VP he will still keep wax, waxing strong and stronger.

willian10:
Pls, how much will it cost to build a 5 bedrooms duplex
Thanks

Design matter and type of land/terrain to ascertain foundation use.
Just the carcass you should budget around 15-18M.

fergie001:
Nigerian senators on Wednesday passed a tax bill that they have not seen and are not fully aware of its content.

The approval given on Wednesday by the Senate is the second in a series of legislative and executive steps to make the bill become law. The bill was read for the first time at the Senate on Tuesday.

On Wednesday, at least two senators complained, wondering how they would debate and pass a bill whose content they do not know. Senate President Ahmad Lawan overruled both senators.

The Senate then passed the second reading of the bill that seeks to increase the value-added tax (VAT) from five per cent to 7.5 per cent.

No copies of the bill were shared to senators to allow for any meaningful contribution before it was debated and passed.

President Muhammadu Buhari had, in October, presented the bill to a joint session of the National Assembly for consideration and passage into law. He made the presentation of the Finance Bill alongside the 2020 Appropriation Bill.

Raising Concerns

Before deliberations began on the bill, Binos Yaroe (Adamawa South, PDP), drew the attention of the Senate to its rules which requires that all senators must have a copy of the bill before it is deliberated upon.

He said according to the rules, every senator should have copies of the bill.

“Our rules say that printed copies of the bill shall as soon as possible be sent to every senator. We are at the stage of the second reading of this bill. I don’t know for others but I have not received the bill, I don’t know how we can debate a bill that we have not received,” the Adamawa lawmaker said asking how lawmakers could debate a bill whose content they do not know.

The Senate President, Ahmad Lawan, noted his point but said the debate would still go on.

Senator President, Ahmad Ibrahim Lawan
“We are at this point going to debate the general principles of the bill and in line with our tradition, convention here, even the Appropriations Bill that we debate, we don’t have the bill normally,” he said.

Not satisfied, Betty Apiafi (Rivers West, PDP), also raised the same concern but Mr Lawan simply said “When the Senate committee on finance reports this, the bills will be made available and we can compare with what we are amending.”

He then ruled Ms Apiafi out of order.

The Lead Debate

The Senate Leader, Abdullahi Yahaya, who led the debate, said the bill has five strategic objectives.

He said they are to promote fiscal equity by mitigating instances of regressive taxation; to reform domestic tax laws to align with global best practices and to introduce tax incentives for investment in infrastructure.

Others are to support ongoing ease of doing business reforms and to raise revenues for government including the proposal to increase the value-added tax (VAT) from five per cent to 7.5 per cent.

He said the 2020 appropriation bill is based on the provisions of this bill and additional revenues will be used to fund health, education and infrastructure programmes.

The lawmaker said the states and local governments are allocated 85 per cent of VAT revenues.

He said the bill seeks to amend the following tax provisions and make them more responsive to the policies of the federal government.

(A) The company tax CAP C21 Laws of the Federation of Nigeria 2004.
(B) To reform VAT CAP 4 2007 – this is in line with global best practices. It seeks to improve the efficiency of the Nigerian VAT system.
(C ) Customs and excise tariff act CAP C49 Laws of the Federation of Nigeria 2004 – this bill seeks to subject certain goods to excise duties in similar manner of their local manufactured counterparts.
(D) Reforming personal income tax E8 laws of the Federation of Nigeria – the bill seeks to provide clarity in individual taxes of Nigeria
(E) Capital gains tax act CAP C1 laws of the federation of Nigeria 2007 – this bill seeks and cover taxation of business combinations and seeks to prevent abuse of provisions of the act on group restructuring.
(F) Stock duty act 58 laws of the federation of Nigeria – this bill seeks to increase the duty on electronic stocks and electronic consumption.
(G) Petroleum profit tax – this bill seeks to increase revenue by removing the tax exemption granted for dividends or income derived from companies charges under the act.

Mr Yahaya stated that VAT is a good avenue for generating high revenue for the government. He added that the bill will transform Nigeria’s economic fortunes.

The other lawmakers who made comments hailed the provisions of the bill and urged other colleagues to support its passage. Some of the lawmakers who spoke are Ibrahim Gobir (Sokoto East, APC), Istifanus Gyang (Plateau North, PDP), Buhari Abdulfatai (Oyo North, APC), George Sekibo (Rivers East, PDP) and Sahabi Yau (Zamfara North, PDP).
None of the lawmakers, across party lines, who supported the bill claimed they had seen a copy of it or were sure of its content. Yet, they supported it.

The bill was thereafter read for the second time and referred to the Senate Committee on Judiciary for further legislative work. The committee was asked to report back after two weeks.

https://www.premiumtimesng.com/news/headlines/361319-nigerian-senators-pass-tax-bill-that-theyve-not-seen-read.html

Very very useless set of legislators who will never understand simple economics or how to go about increasing revenue for the Nigerian state.

You have to remove the obstacles surrounding "ease of doing business" and lots more.

AleAirHub:
GOOD MORNING EVERYONE,


Please i need the total cost to build a nice & pocket friendly budgeted 8/12 suite hotel rooms in Yenagoa , Bayelsa State.

The land is dry land and the measurement is 100 x 50.


Thanks for your advice & recommendations.

I hope we all getting the definition of a suite and not the nigerianized definition........
How many floors do you want this 8/12 to be...

Getting a design should be your first priority before requesting for a BOQ/BOM.

I reside in Bayelsa and I handle building construction projects.

brownnikky16:
Source: https://www.google.com/amp/s/www.thecable.ng/senate-reintroduces-bill-to-regulate-social-media-with-3-years-imprisonment-for-offenders/amp

Nice bill anyways.....

It should not be limited to social media alone. Let it me all forms of media. That way when any of the public officers especially those ministers comes on air to lie to Nigerians they will get the same treatment.

dgitrader:
My people, Is this type of decking normal? I am seeing this for the first time. It seems to have excluded some traditional procedures. Pls experts on this I need your opinions..

I as a person cannot see what is missing but will only assume......

Are you implying there are no external beams. The boards on the sides/edges will have to be removed to properly see....

SadiqBabaSani:
See why this Yahoo Boys need to all Go to Jail with the Corrupt Politicians

They should be killed. Jail is an understatement.

[quote author=grandstar post=83770451]I come from an era of 400,000 fixed lines and the 090 era of mobile phones. I'm from the time I would buy calling card at NITEL office or pay N10 per credit. I come from the era internet phone calls. I remember paying 288 Naira a minute to call overseas.That was when $1 = N80.
So it cost $3.60 per minute to call overseas using IDD.

GSM brought massive changes to my life The full benefit of a new product or service starts being felt when half of the population are using it. Nigeria by now has reached that stage.[/quote]



I know all about that era and much more. I still have an unfinished NITEL call card some where in my wardrobe where I keep things I referred to as artefacts.


1) The bold comes with a price. But can you compare the price as to the quality/standard as seen else where?
2) I do not know which law of economics that statement falls under. Probably its not coming from the angle of an investor but as a business owner.
3) That is what Nigeria is good at. Nigeria tend to celebrate mediocrity.

grandstar:
Are you sure they don't want it to work?They are undercapitalised hence lack the resources to invest a.d fully upgrade. The foreign energy firms who have both the money and technical knowhow refused to come in directly as Nigeria is a country that disregards contracts.

Government must stop giving them soft loans. They are simpyong throwing money at the problem and not correcting it.

DISCOS found seriouly wanting shpuld have their license withdrawn so they can be taken over.

A company that really wants to work will sort out her loans and not collect soft loans from the government.
These discos have benefited more than and have not given anything tangible in return.
How many years since the selling of discos, yet nothing meaningful has been seen. All we have is blames throwing around.

grandstar:
Your cynicism is worrisome.

You claim deregulation of the price is wrong and with the same breath speak of the standard of living of the countries that deregulated.

Just across the border in Benin Republic, electricity charges are far costlier than it is in Nigeria. Electricity there is constant. If poorer Benin can pay higher tariffs, what's your cynicism about? In most francophone country, electricity is quite dear and they are all poorer than Nigeria.

The purpose of further liberalisation of the sector is to allow new entrants ințo the business. This competition will lead to moderation of tariffs were tariffs be deregulated.

MTN making massive profits is no big deal. That's the way the cookie crumbles. Tbey came in when demand was super hot and it had only one and eventually 2 competitors and now 3. Any smart investor would have done likewise. The country has benefited massively from the telecom revolution and the same is needed in the electricity sector.

Companies must be able to charge tariffs that not only cover cost but also give them a profit.

Nigerians have gotten accustomed to either free or very cheap payments for electricity and petrol and don't want things changed. This is very big challenge.

People who have implicit faith in market will repeat similar statements like mine.

When Poland wanted to end communism in the late 1980s, it chose shock therapy which involve freeing the prices of most hoods and services. This brought great pain but within 3years, created a very strong economy that has never suffered a recession till date.

Others such as Russia which chose a much slower and gentler economic reform endured long economic decline or slow insignificant growths.

Implicit faith in the market is the key. A very poor wretched country can apply market reforms of much richer countries and get fantastic results.

Freeing tariff prices will cause a lot of pain initially but the gains will be huge for the country just like that of the telecom sector.

Sorry to say there are no huge gains to benefit no matter the changes that occur even at freeing tariffs.
I've still not benefited from the services of telecom companies especially MTN.
It's all rip off.
That's what Nigerians are good at and will always give valid reasons.

AXYZ:
I saw a tweet (on twitter) from a certain Ronald Nzimora and later supported by his friend, Hon. Akin Alabi as regards the above subject (as attached).

Thus, I'm compelled to ask if it's actually right for a WIFE to own properties in HER name.

1. What if the wife is richer and kept everything in her name. Don't you feel the husband will feel 'detached' and maybe unhappy?

2. What if the husband is richer and kept all the properties in his name. Don't you feel the wife will feel 'detached' and maybe unhappy?


PS. My wife and I work, and are financially independent of each other. She's been supportive
though and we buy properties in our names, e.g. Mr Kenneth Cole and Mrs Grace Cole. This is rational and not abnormal.

There's nothing absolutely wrong for a woman to put her name on her property and no woman should be compelled to do otherwise.

Without being told every married woman or unmarried lady having a child should have all her properties in her name and at the proper time have a will that it bears the name(s) of her child(ren).

The husband/man can always do the needful without being told. I believe the reason why we acquire properties is to ensure our children have something to hold on to.

Dukeolumidemans:
It's already scaring off investors. The latest company trying to leave now is Chevron. Shell is also shutting down gradually from what I heard from their staff at RA here in Ph.
The comedy about the whole thing is all these revenues and monies repatrated/recovered, there is no single accountability. And all the medium of complains of the people is gradually clamped down by Fg. No wonder the departure wing of our Intl. Airport terminals are always busy these days...

There are no real investors in Nigeria. What we have here are business individuals.

Shell is bound to leave and its nothing new. All other companies will leave on their own terms and its not about the policies of the FG. It's all about forecasts and they know what's going to happen but not the time.
It is bound to happen because Nigeria is on a keg of gunpowder waiting to explode.
Whatever they leave behind will be sold to indigenous companies who will bear the brunt if they don't address issues appropriately.

budaatum:
WHAT NIGERIA STANDS TO GAIN FROM THE AMENDMENT

Nigeria is projected to earn an additional income of $1.4 billion annually from international oil companies operating in the country if the bill seeking to amend a particular section of the act is passed into law.

Section 16 of the act states: “(1) The provisions of this Act shall be subject to review to ensure that if the price of crude oil at any time exceeds $20 per barrel, real terms, the share of the government of the Federation in the additional revenue shall be adjusted under the production sharing contracts to such extent that the production sharing contracts shall be economically beneficial to the government of the Federation.”

Although various stakeholders have been calling for a review of the act, there are fears that it might scare away investors from the oil sector.

https://allafrica.com/stories/201910290604.html

I think this amendment is an ambitious/ambiguous one.
That act you're talking about is not part of the purported amendment. For those who know and have been following certain events, that act already exists but there's no follow up from the government or probably its one of those half truths we like telling the populace.
If you don't know certain states took the FG to court concerning that act as it regards the increase in state's revenue......they spoke with the president about it and were able to come to a common ground.


A couple of months ago, the FG was attacking the oil companies for default, etc, etc.......
But I guess that's all normal talk.

grandstar:
Many have legitimate complaints and the loudest of all complaints is that the electricity charge is too low. It does not cover costs.

The lessons from GSM is instructive.MTN and other private operators charged market rates for their services and they have become mighty behemoths and have revolutionised the telecoms industry forever. When they started, there were only 400,000 lines in a country of about 100m. Mow, there are over 100m lines!

On the other hand, NITEL, which chose to charged markets rates packed up. This should be a lesson. The Disco's are no different from NITEL today.

As long as they are prevented from dictating their preferred rates, they will denied the funds they need to invest

You fellas make me to laugh. Your likes are the reason why Nigeria will remain a shit in a hole.
Do you know how much profits MTN made in Nigeria from when they came till present, putting the challengees into consideration, etc, etc.............
They have made more profits for eternity which can never be compared to that made in South Africa.

If you are using total deregulation of the sector, have you ever sat down to look at the standard of living of countries we keep comparing our hole of a country with...............

Have you also checked the quality of service being rendered in all these countries we keep comparing our low tariffs with that we intend to increase the tariff.

All this false clamour we keep saying our tariffs are the lowest


Just a little deviation....
What is the price of a bag of Dangote cement in Nigeria compared to same in Angola, Namibia, Malawi, and other African countries its being sold?

deenee:
I am not a staff of any company. We have the lowest electricity tarrif regime on the world.

People need to understand how this power thing works from generation to transmission to distribution and collections.

Gencos will only generate if there are confirmed off takers and NBET does this on behalf of the Discos. Govt has refused to let go of transmission saying it's a critical asset yet they refused to upgrade the transmission facilities and also fix prices for the Discos and people also refuse to pay for consumption.

I tire for this country.

Like I said you're a staff of the company or probably speaking like one.
The bold is like listening to the comments of some politicians who does not even pay electricity bills.
We keep hearing the tariffs in Nigeria is one of the lowest in the world; The salaries collected by the legislators, is it the lowest in the world even judging by a less developed country?
Please don't even tell your children that crap of a story because I will never buy it.

We have been having increase in tariffs since after the civil war and no one can claim to have gotten premiun service from any of the service providers. Do you know how often private citizens use personal monies to procure transforms, high tension cables,etc, etc, to live a comfortable life and you're talking about low tariff and will still be made to pay light bills ........


I wonder how some of us will agree to certain things...........

Only God knows what tomorrow holds for everyone. Buhari said he was done with the contest in 2011, only to win in 2015. We humans cannot play God in these matters. Only He knows those who are planning for 2023 but will not see 2020,” Odumakin said.


One thing is certain which all men knows and can never run from; Death.

HumanityOne:
Remove FG from the life Dangote.... Believe me Dangote is a Poor Man.

FG which is mainly Hausa-Fulani made Dangote Rich.... Also Otedola, also Adenuga etc.

Clues: if you want to make things and expolit in life find miss to get involve with FG either or State Government. And play the game well support party A, or B parties with your money that are powerful enough to help your busines
Don't get involve with polities, but stay closer to the source FG or State Gvt. Source them with your money. And they will help you ban many things.

Before you know it Dangote will kill all the oil industry in east, with the help of FG and Dangoe becomes sole refinery of Petroleuom product in Africa.

Take Dangoe Cement for example... It killed Ibeto using FG.

Get the Clue today... And you will be rich.

You are not far from the truth even if some of your assertions are over exaggerated.
Dangote is not just a name but a brand and he is doing what needs to be done.

Let Ibeto and others gather themselves, form up a strong consortium and do the needful. That is the only way they can compete with Dangote.

anonimi:
And the solution is........................................

1) Let the government look at the MOUs signed with the respective discos and see who has achieved whatever meaningful if there is.......
2) Audit all accounts of companies.
3) Recall all license(s) of those in default. I'm certain all are in default.
4) Open a bidding and resell to reputable companies like GE, NLNG, ENI/SPDC (JV) and if there be any reputable company.
5) Let the companies enter into an MOU with communities where their equipment will be situated putting them into some sort of clusters. The government should have representatives and be on the known about each MOU.
6) Companies in 4 above like GE and ENI/SPDC(JV) should be responsible for generation and distribution of power for national grid, while NLNG be vested with the responsible of generation/distribution in cluster areas as done in Bonny Island and environs.
Let there be a 6 year review of all works done with an anticipated need to inject and increase power
7) Let the companies in 4 above be responsible to sort out subsidiaries responsible for monitoring, maintenance and billing.
Let anyone stealing power generation/distribution equipment be sentenced to death. Also anyone buying same equipment from anyone who is not licenced and an authority to sell same should be sentenced to death.
9) And lots more.

10)https://googleweblight.com/i?u=https://en.wikipedia.org/wiki/List_of_countries_by_electricity_consumption&hl=en-NG

If you look at the link you'll see that we are a very unserious nation. Though the source is CIA I can tell you that its not entirely true. If you use the international standard for electricity usage /consumption by any home on monthly/annual basis giving our desires for wastage, that amount stipulated there is even on the high side.

deenee:
God bkess you and to add people should also learn to pay their bills and stop electricity theft.

Overall average collection rate for the Discos nationwide is around 45% with IKEDC and EKEDC taking in about 70-80% of their targeted collections. So there is always a shortfall.

You're certainly a staff of the company.
Let a reputable auditing firm visit the books of these companies and all will be another story.

grandstar:
Money down the drain I'll say.

First deregulate the price of electricity. 'Further liberalize the sector. Provide incentives for better capitalised companies to buy up the Disco's. Provide incentives for the Discos to sell to well capitalised buyers.

Government should pay up all electricity.debts owed to the Discos.

The national grid needs overhauling. The market isn't working well

The market is not working because those who bought the discos don't want it to work...........
If you like provide incentives for discos to be sold to well capitalised buyers: there are no well capitalised buyers. Those guys will in turn buy the companies back. When it comes to stealing our ingenuity is well expected. As long as government keeps giving these guys all manner of soft loans we will remain where we are.
If I may, how many of these discos have been able to accomplish just one item on their MOU?
Absolutely NONE.

Racoon:
https://www.google.com/amp/s/punchng.com/power-fg-seeks-fresh-3bn-loan-as-darkness-pervades-nigeria/amp/

We have refused to tell ourselves the truth that's why nothing will work in the country.
Everybody lies without any form of guilt. We are worse than Satan in the arts of lieing.
How can any responsible government keep funding and dashing loans to a private company all in the name of power generation and distribution.
We just like to move in circles.
The best thing any reasonable government ought to do is retrieve all the licenses and re-sell the companies again with a fresh mandate.
These so called guys after collecting these loans will without any meaningful improvement on the sector will come and increase tariffs on power not seen and consumed by end users.

In my state of residence to see light to even charge your phone is like a taboo. It's either you have alternative source of supply or SOYO is your middle name.

We are living in a dfuckd up 3rd world.

Takoro13:
I don reduce pxc reach 180kb yet no display. there must be something wrong somewhere. maybe the border has closed here also?

01mcfadden:
If you've stayed in the North, you'd not think this was some joke.
A large percentage of these guys are stark illiterates even though they get the top jobs.

Try converse with their SS3 students in simple English and you'd be confused why they even go to school at all.
That's why the few fortunate educated ones among them automatically Lords over the other ones cos the topmost juicy jobs are reserved for them.

It's a country of the more you see, the less you know.

It is in every state and region and not just the north alone.
Ask those who are serving corpers and ex.....
It is a manifestation of who we are and where we are heading to..,.

Nevertheless even Donald Trump is known to make typo, spelling and grammatical errors on his official twitter handle.

Nairafame1:
Eyewtiness calls out Nigeria Government after seeing a government primary school in Adamawa without chair, see pupils sitting on the floor and the food given to them.



See More Photos Below
Source: https://www.nairafame.com/2019/11/see-pupils-sitting-on-floor-food-given.html

This could be any where......
What is the name of the school and exact location

Takoro13:
I need to rest for sometime now.

please help me out. I have been trying to upload pxc on Nairaland both on mine and this general but now through. please could have be the problem.

thanks

Try reducing the size(MB) of what you intend to upload.

Montracine:
https://www.dailytrust.com.ng/there-are-evil-spirits-in-anambra-government-house-governor-obiano-cries-out.html

Very funny. ..
I will not be surprised when he starts blaming the evil spirits for stealing public funds meant for projects.

kabe1:
.

Those road side traders and taxi drivers have been begged many times, even by the Governor of Rivers State to desist from selling and trading on the roads. They simply have refused to listen.

How many times would they plead with them? At night they'll come out and block the roads, when they know task force have closed for the day.

So the best thing they do is to pursue the trader into a bank premises and bear her till she bleeds or begs abi. ...

If the security operatives had shot the task force/thugs you'll be saying a different thing........
The law does not tell them to chase and beat her up....is she armed robber who committed a serious offence

Halo22:
The southern political ideology is that of progressive, but ur political your political warrior of the blessed memory(Awolowo) sabotaged the ideology, thereby aligning with the Northern elites in order to be recognized. It didn't stop there, Tinubu continued in that path and helped in boosting the voting strength of the north in 2015. Now he wants to come and use our brain, that he wants to be president. It will not happen, the North should continue to determine who becomes what in Nigeria for now, until you ( the Afonjas) retrace your steps in the right direction. Have you asked yourself why Afonjas are referred to as saboteurs?

You seem to be deluded.......
Your assertion is what you've been told so that you keep living in fairy tales and self denial.
Your claim of a southern progressive ideology been sabotaged by Awolowo, so what happened to that ideology afterwards?

You better wake up from your dreams and face reality.

caracas:
Don’t worry when pdp takes over power in 2023 with kwankwaso n obi n rules for 8 years. Yorubas can now field a candidate to contest with Peter obi in 2031.
Then we will settle it once n for all

Those guys are already on retirement.

Halo22:
Without being told, I already know you are a descendant of Afonja and until you and ur co-descendants decide to agree to southern ideology, you will never be taken serious. As for Tinubu's ambition, it already dead on arrival. Just mark this day.

I'm very sure you don't even know where you come from.......
Please do well to ask your folks about your lineage, do not be surprised you might as well be a descendant of Afonja too , you never know.



Please kindly enlighten me on the southern ideology?

iammo:


when that dude pulls up in a rolls royce with atleast 5 escort vehicle loaded with police officers he would get a chieftancy title in that same village

Like I said he is not from there so he can get the title from his community when he pulls in a rolls Royce with police escorts.

A few months someone aspiring to become just a youth president was denied to contest because he was caught stealing something in his teens. According to the community constitution anyone caught of such act cannot aspire to any title in the community.