₦airaland Forum

chidekings:
be clear on your facts....mompha is in EFFCC custody

raumdeuter:
I saw a video of Ben Bruce at the Dangote refinery. He basically said expect prices of Oil to increase, We will pay market value. Dangote set the refinery to make money not for charity. If he doesn't charge market value, he will go broke and bankrupt

iamoyindamola:
Baba japa go collect fresh air

GloriousGbola:
Madam is a lawyer, one guy who had a case had his passport seized and he literally procured a new one and got visa and travelled in and out of the country. Naija ehn.

With the way the police meant him on this matter, I still think it was a stupid move though

GloriousGbola:
can he legally do this?

i thought being on bail meant you are limited in movement

this is actually stupidity on his part

SM is really doing a number on the common sense of so many people.

liveLongNprospa:
The only thing that can save the police is the years of service.

So if she's required to work a certain number of years before resigning and she has not then this will suffice..

But even Ben would have stated that if it was the case.

This country

GloriousGbola:
You know how it is. When these issues come up in the office, there are often deliberate omissions that implicate the complainant to an extent. It will ultimately depend on the receipts each party in this story has kept

liveLongNprospa:
E nor matter wetin make her leave.. Even if na bad dream she get..

Point is for 1yr she dropped resignation letter.

From Ben's reply you'd see the only thing he talked about was absence from duty for 21days as a reason to charge her. He didn't even address the 1yr talk sef.


Ahn ahn



How long person go work for organisation wey them Don drop resignation letter for?

liveLongNprospa:
Ben Hundeyin's reply

https://twitter.com/BenHundeyin/status/1661641982937034752?t=04PzDlzb6JQtfhjI1fRLFA&s=19[/quote]The story no clear. The lady never talk wetin wan make her leave sef; even though I'm rooting for her to sue the police force for detaining her illegally.

AS he departs for his Daura, Katsina State home, the President, Major General Muhammadu Buhari (retd.), bequeaths a tortured legacy of economic devastation. Its highlights are record levels of unemployment, poverty, inflation, hunger, and despair. Though the regime has been making claims of achievements across all sectors, the reality of poverty and joblessness intrude stubbornly into its narrative. For many, his regime represents the worst era of economic privation ever witnessed in the country since independence.

Contemporary figures tell the story succinctly. At the United Nations threshold of $1.90 per day, nearly 12 per cent of the world’s population living in poverty today dwells in Nigeria, declares Statista. Global consultancy, KPMG, in its Global Economy Outlook Report, estimates the country’s jobless rate in 2022 at 37.7 per cent, and projects this to stand at 40.6 per cent this year. Experts forecast inflation to spike even higher if the government follows through on the promised withdrawal of petrol subsidies next month, provoking more job losses, hunger, and poverty.




Buhari met a battered economy, with sharp drops in public revenue, bogged down by over-reliance on oil and gas receipts, low tax receipts and huge fiscal leakages, and skirting recession. But bewildered by the complexities of managing a modern economy, insular and statist, and distancing himself from experts, he failed to take the necessary bold measures. Instead, he applied outdated, ineffectual measures. The result was two recessions on his watch, huge debts, energy crises, capital flight, a foreign exchange crisis, a crashing currency, decline in foreign direct investment, production slowdowns and poverty.

Nigeria’s downward economic trajectory preceded the regime. Previous governments had for long been running the country aground. His immediate predecessor, Goodluck Jonathan, crowned his rudderless tenure by bungling the 2013 power sector asset sales, thereby denying the country of a major engine to facilitate an economic rebound. Prices of oil, the country’s mainstay, had been falling since mid-2014, thus putting government’s finances in a precarious state.

The National Bureau of Statistics said more than eight million Nigerians were unemployed in 2015 (10.44 per cent of the labour force). This was worrying enough to make voters reject Jonathan at the polls on Buhari’s promise, among other considerations, to reverse unemployment. When he took over, another 13.5 million people were considered underemployed; that is those working for less than 40 hours per week, or in jobs that underutilise their qualifications.

But soon, according to NBS figures, the unemployment rate rose steadily, reaching 23.1 per cent in 2018 and sharply to 33.3 per cent in 2020. Bloomberg reported in March 2021 that Nigeria briefly surpassed South Africa on a list of 82 countries whose unemployment rates were tracked, with Namibia leading with 33.4 per cent.

Only 20.7 million persons between the ages of 15 to 64 were willing and able to work and actively seeking work, added the NBS, compared to 19.6 million in Q2 2015 and 17.7 million in Q1 of the same year.


[b]In the youth segment, the situation is explosive. A report by The Spectator Index, a financial news online source, stated that 53 per cent of Nigerian youths were unemployed, making the country the second worst in the world, behind South Africa, which has a 61 per cent youth unemployment rate.

The youth unemployment rate is expected to rise to 58 per cent by the end of this quarter, according to Trading Economics. In a country with the youth accounting for over 60 per cent of the population, this could spell disastrous consequences.

Unemployment has continued to be a challenge due to the slower-than-required economic growth and the inability of the economy to absorb the estimated over four million new entrants into the Nigerian job market every year.

Buhari had initially promised to provide three million jobs yearly through “public works programmes and shifting the economy towards value-added production.” This would have delivered 24 million jobs in eight years. He could not deliver.[/b]

Poverty is raging. NBS research indicates that the poverty rate that had risen to 61 per cent by 2012, increased to about 69.01 percent by 2015. In 2018, three years into Buhari’s tenure, Nigeria replaced India as the world’s poverty capital, according to the ranking by the World Poverty Clock, and held it for four years until the Asian country regained its title in 2022.

The NBS sealed the regime’s legacy when it released its Multidimensional Poverty Report 2022 that it had undertaken with support from several other national and international bodies, showing that 133 million Nigerians are ‘multi-dimensionally’ poor.

Hunger is its companion. Nigeria was ranked 103 out of 121 countries in the 2022 Global Hunger Index. It ranked 103 out of 116 countries in 2021 and 98 out of 107 countries in 2020. The UN Food and Agriculture Organisation has warned that 25 million persons in the country face the threat of hunger from the second half of this year.


Even before the COVID-19 crisis, the World Bank in its 2021 Poverty and Equity Brief said, “Around four in 10 Nigerians were living in poverty and millions more were vulnerable to falling below the poverty line, as economic growth was slow and was not inclusive.”

A further 31.9 per cent of Nigerians had consumption levels between $1.90 and $3.20 per person per day, making them vulnerable to falling into extreme poverty. Given continued oil dependence, rapid population growth, and limited job creation, Nigeria has struggled to invigorate the broad-based growth needed to tackle poverty.

Indeed, there were factors beyond the country’s control. Apart from volatile oil prices, and inherited distortions in the economy, the world since 2020 has been reeling from the aftershocks of the COVID-19 pandemic, and the Russia-Ukraine War. Climate change, floods and insecurity have made recovery, job creation and poverty alleviation tougher.

The World Bank had forecast that the COVID-19 and oil price crises could push around 10 million additional Nigerians into poverty by 2022. The UN Department of Economic and Social Affairs reported that the global unemployment rate rose from 5.4 per cent in 2019 to 6.5 per cent in 2020; the number of unemployed persons rose by 33 million to 220 million.

Nigeria, however, had ample opportunity to rebound. But Buhari repeatedly made mistakes, opted for wrong choices, and ignored expert input. When in an economic hole, development experts advise reaching for the ‘low-hanging fruits.’ Buhari did not; had he reinvigorated the privatisation and liberalisation programme, privatising the loss-making moribund refineries, concessioning viable airports, concessioning the ports, the Ajaokuta Steel Company and other state-owned steel assets, he would have unleashed a floodgate of investment, job creation and competition. These have been proven over decades across the world. These measures would also free funds for investment in social services and critical poverty-alleviation interventions.

His various poverty-reducing intervention schemes—such as Trader Moni, Farmer Moni, Empower and others – were expensive but had limited impact. Buhari did not partner closely with the organised private sector as required in an economy on the ropes. He surrounded himself with cronies with statist instincts like himself, locking out alternative ideas.

By failing to tackle insecurity, agriculture, transportation, and manufacturing suffered. These, along with inflation and the energy and foreign exchange crises crippled SMEs which together with agriculture are the largest creator of jobs and defence against poverty.

Buhari had said in 2019 that he aimed to initiate policies that would lift 100 million Nigerians out of poverty over 10 years, and in June 2021, he claimed to have lifted 10.5 million Nigerians. This was shortly disproved by the World Poverty Clock report showing that indeed more Nigerians slipped into poverty. On the same day Buhari professed to have dragged over 10 million out of poverty in two years, the number of Nigerians living on less than $1.90 daily was revealed to have risen by 41 per cent.

The regime’s several poverty alleviation programmes, from SURE-P to conditional cash transfers and the like, did very little. They were cosmetic and some threw up scandals.

The government has not done enough to plug revenue leakages. Remittance of statutory funds to the Federation Account by many agencies is low. The House of Representatives identified over 60 government agencies that failed to remit funds. The Nigerian National Petroleum Company admitted that it did not fund the account throughout 2022. Such behaviour deprives the government of funds for investment in the economic and social sectors.

In the end, Buhari’s eight years have deepened poverty and joblessness. The millions of youths without jobs, with a few fleeing abroad, others roaming the streets or engaging in menial jobs tell the story; so do the millions of poor struggling to survive in a country and under a regime that had failed them. They will not miss him.

larride:
Our consumption has been increasing astronomically since 2013 I believe from 25m suddenly to 60m when the subsidy regime started and private marketers started imported fuel into the country.

Both the NBS, NNPC and even the Minister for petroleum has always provided different numbers that we are consuming a day.

Kyari said we consumed around 60m a day even when close to 100m litres seems to be entering the ground daily. That’s why they are doing trying to put trackers on trucks and some coded projects along the way.

izzou:
[color=royalblue]May God not give us friends or family members like this guy.

I like how Emeka asked

You give person visa
You said he can come with his family
You still came back to cry because of your own policy

How is it the person's fault?[/color]

Itsrm:
Fearless energy drink is the only drink I take.

Now I understand why it sometimes tastes differently. You buy one today it tastes a certain way, you buy tomorrow and it's a slightly different taste .

Bye bye to fearless. We part to meet no more.

afrodoc2:
What about the woman whose husband is a commissioner, who is hoarding food under her chair?

izzou:
[color=royalblue]Just as Gift cards be Yahoo 101

Na so Eva Wine be. Na wetin dem take dey learn work

I no fit buy that wine for my life, even if i go Italy and Spain[/color]

DeadPresidents:
Owu na bastard

Growing up seeing old folk beefing at the function because they did not serve them malt was mad funny to me. Like, you nor fit buy malt for house drink am

larride:
I drink Pepsi and non alcoholic wine. I don’t like malt at all.

All those Puply, Hollandia yoghurt nko?

izzou:
[color=royalblue]I did not say they cannot adulterate Malts and Stouts

But they cannot adulterate the ones in Cans. The video proves that everything can be adulterated, but to package in Cans? E no easy

You need machinery to do that; something they cannot afford

If you want to drink anything Original, buy the ones in Can.[/color]

izzou:
[color=royalblue]If you want to drink anything Original, buy those that are canned

From Coke, to Malt, to Beer, to Juice, anything inside bottle (either glass or plastic) can be adulterated.

From Balogun to Lagos Island, different factories and breweries dey there dey mix.

Only canned drinks have a guarantee[/color]

raumdeuter:
What do you think of liquor bought from drinks.ng? are they legit or Apogbon merchandize too?

This is the price I see Hennessey for online here, If you do the exchange rate that is 30K for VS and 42K for VSOP when you are now factoring shipping, clearing a profit margin, Should give an expectation of the prices

If you are buying your Hennessey for less than cost price in Yankee, then it might just be better to go to a Mama Alagbo wey dey sell pure ogogoro brewed in someone's bathtub or in one metallic drum only that you wont be paying thousands to get high on the same liquid just in fancy bottles that will do the same thing to your kidney

afrodoc2:
Na those fake drinks dey contribute to the high incidence of kidney failure with Nigerian celebrities.

larride:
Nigerians are just purely fraudulent with little or no consideration for the owner of the business.

izzou:
[color=royalblue]

Apongbon na the HQ of all fake Assorted drinks.

Hennessey and Johnnie Walker gat nothing on them[/color]

raumdeuter:
This thing with fake liquor is common in Nigeria. My friend who travelled also said the same thing that after drinking that Hennesey, his tongue was stained black

I want to ask, is it possible for Hennesey to be cheaper in Nigeria than in Yankee? Or any foreign manufactured product

Olowunl01:
Its seems it's only Asians that can do business and survive in Nigeria? Cos when I brought up investing in property shortlet or lets; the horror stories I left me still weighing up my options - only positive is that cost of finance is near zero if I ignore opportunity cost.

What business can someone then invest in? We can't leave everything to foreigners ke?

Govt should also focus on judiciary and enforcing existing laws; so that people face SWIFT consequences for their actions, for example how can we still be having omo onile issues in 2023? especially when its miscreant parading as Omo onile's creating most of these wahala...

liveLongNprospa:
I mean I understand.. Some people go dey travel with wife and kids.. But still

https://news.sky.com/story/amp/home-office-to-stop-students-from-bringing-family-to-uk-in-bid-to-curb-migration-12887545

GloriousGbola:
thats why the companies with actual fleets collect an original c of o as a caution doc. at least that is what my old place used to do.

Itsrm:
Insurance is flexible enough and does not just take care of the vehicle. You can insure the goods being transported.

Standard logistics firms like DHL insure their goods so if the driver runs away with it or any other thing happens, they turn to insurance.

And when you say kidnapping, do you mean like the driver getting kidnapped?