Politics › Re: 2027: ‘They Live In Rented Apartments But Want To Be Governor’ — Governor Eno by BouquiLake: 6:05pm On Jun 01 |
|
Business › Re: 70% Of Nigerian Firms Depend On Generators – AFDB by BouquiLake: 12:52pm On May 31 |
Which 70%.... It is 100%. Generator/Solar is the main source and Normal power is now the backup power!!! adenigga: The African Development Bank has revealed that 70.7 per cent of firms in Nigeria own or share generators due to persistent electricity shortages, with power outages costing businesses about three per cent of their annual sales.
The bank disclosed this in its 2026 African Economic Outlook report, which, among other items, assessed Africa’s fiscal policy and tax systems. It warned that weak public service delivery continued to impose hidden financial burdens on households and businesses across the continent.
“Electricity outage losses amount to three per cent of annual sales in Nigeria, and because of this, generator reliance is widespread, with 70.7 per cent of firms in Nigeria owning or sharing generators,” the report stated.
The AfDB said the widespread use of generators reflected deep infrastructure and governance challenges that were weakening productivity, eroding profitability, and undermining confidence in taxation systems.
According to the report, households and firms across Africa increasingly pay privately for services that governments are expected to provide, including electricity, water, security, and logistics.
The bank described these expenses as “parallel levies” that reduce disposable income and raise operating costs for businesses.
“Higher domestic resource mobilisation without corresponding improvements in public service delivery imposes large implicit tax burdens on households and firms, which undermines the legitimacy and effectiveness of taxation and leads to a breakdown in the social contract,” the AfDB stated.
The report noted that many businesses in Nigeria had resorted to self-generated power because of unreliable electricity supply, adding that this trend continued to widen informality and reduce voluntary tax compliance.
The AfDB added that stronger delivery of electricity, healthcare, education, water supply, sanitation, and public administrative services could improve trust in government and strengthen tax collection efforts.
“By reducing the need for households and firms to self-provide these services, strengthening performance in these priority areas can enhance taxpayer trust, improve voluntary compliance, broaden the formal tax base, and reinforce the fiscal social contract,” the report stated.
The bank said Africa’s revenue mobilisation challenges remained significant despite increasing fiscal pressures caused by rising debt servicing costs, shrinking external financing, and growing development spending needs.
According to the report, nearly $469bn in potential revenue remains untapped across Africa due to weak tax compliance, poor administration, and ineffective policy design.
The AfDB also stated that more than 40 per cent of public investment spending across the continent was currently lost to inefficiencies.
“More than 40 per cent of public investment is currently lost to inefficiencies, and closing this gap could generate up to $299bn each year for growth-enhancing investments,” the report stated.
The bank further noted that Africa could unlock up to $1.43tn in additional annual financing by addressing inefficiencies in resource mobilisation and utilisation.
It added that Africa needed to sustain economic growth at seven per cent or higher over several decades to create jobs on a large scale and accelerate poverty reduction.
“Africa must raise annual growth to 7 per cent or higher, sustained over decades, to enable large-scale job creation and accelerated poverty reduction,” President of the African Development Bank Group, Dr Sidi Tah, said in the report’s foreword.
The report also highlighted the continent’s dependence on indirect taxes such as Value Added Tax, excise duties, and customs taxes, which accounted for 59.9 per cent of total tax revenue in 2023.
The AfDB noted that Nigeria, alongside other resource-rich economies, relied heavily on corporate income tax linked to extractive industries, reflecting the uneven nature of direct taxation across Africa.
Source: https://punchng.com/70-of-nigerian-firms-depend-on-generators-afdb |
Politics › Re: Makinde Emerges APM Presidential Candidate, Set To Battle Tinubu by BouquiLake: 6:59pm On May 30 |
|
Politics › Re: Police Seal Abuja Venue For Jonathan Ratification As PDP Presidential Candidate by BouquiLake: 2:43pm On May 30 |
|
Politics › Re: Drone Will Be My Defence Minister - Sowore, AAC Presidential Candidate by BouquiLake: 2:34pm On May 29 |
|
Crime › Re: Armed Men In Mufti Threaten Estate Security In Lekki, Lagos by BouquiLake: 12:10pm On May 29 |
|
Romance › Re: Her Mum Said She Should Look For Another Man by BouquiLake: 6:38am On May 27 |
VOLTRON...Defender of the universe! Who will hold you if you say its you? It's always "A FRIEND OF MINE" . Shiiioooorrr Seyzi: There is a lady, a friend of mine had been in relationship with for 2yrs now, planning settling down next year, which all of a sudden the lady came up with the issue her mum aren't approving the union later her dad and sisters on the ground of Christianity spirituality and before my friend can gets a hold of it he has been blocked and restricted
My question is how will 29yrs old woman can't decide for herself but My guy really loved the lady, he has invested emotionally from what have seen in the union, if anybody has been in this type of situation before how do you guys manage it |
Christianity Etc › Re: Nigeria Is Dead, Let's Not Deceive Ourselves – Pastor Paul Adefarasin (Video) by BouquiLake: 7:10am On May 26 |
|
Politics › Re: Abdulaziz Umar Ganduje Joins NDC, Picks Reps Form by BouquiLake: 11:25pm On May 23 |
|
Family › Re: My Husband Earns ₦280k, Gives His Parents ₦80k And Me ₦150k, Won’t Help My Paren by BouquiLake: 11:14pm On May 23 |
|
Politics › Re: 'Abia Has Completed 414 Roads, 82 More Ongoing' — Gov. Otti (VIDEO) by BouquiLake: 11:03am On May 23 |
|
Politics › Re: Total Registered Number Of Oyo APC Members Not Up To 500,000 - Adelabu by BouquiLake: 4:05pm On May 22 |
When youvare busy counting 1,2,3, 4, 40, 400, 401,5000, 20000, 20001, 500000.... Politicstoday: https://dailypost.ng/2026/05/22/guber-primary-adelabu-kicks-says-registered-oyo-apc-members-not-up-to-500000/ |
Romance › Re: He Blocked Me Because I Forgot To Clean His House – Lady Shares Painful Breakup by BouquiLake: 8:58am On May 22 |
|
Romance › Re: She Broke Up With Him Because Of ₦500 by BouquiLake: 6:34am On May 21 |
They only had a disagreement in your presence... Did you see them a week after and they were not together?  wildcatter23: RELATIONSHIP IS NOT FOR THE WEAK🤦🤦
I went to a restaurant this evening to get food for my girlfriend.
After getting the food and just as I was about to leave, I saw two lovers arguing.
I asked the girl what the issue was, and she explained that they had also come to get food.
Their bill was supposed to be ₦8,300, but the waiter mistakenly charged them ₦7,800, which the guy paid.
As they were about to leave, she noticed the mistake and told her boyfriend to go back and pay the remaining balance, but he refused.
That disagreement eventually led to their breakup.
Is that enough to warrant a breakup?
What do you guys think?
Was the lady loyal to the guy? |
Politics › Re: I Regret Trusting My Community Elders - Cubana Chief Priest Blasts by BouquiLake: 12:55pm On May 17 |
. I know how much I gave them, but only 14 people voted for me in the primary,” he said. NO SHAME! You want to bribe your way through? dawnomike: Pascal Okechukwu, popularly known as Cubana Chief Priest, has reacted to his defeat in the All Progressives Congress (APC) primary election for the Orsu/Orlu/Oru East Federal Constituency seat in Imo State.
The celebrity businessman, who serves as the Imo State Coordinator of the City Boys Movement, had sought the APC ticket to contest for a seat in the House of Representatives.
Reacting after the outcome of the primary election in a viral video, Cubana Chief Priest said he had no regrets contesting for the position. Still, he expressed disappointment over what he described as misplaced trust in community elders.
“I’m a hustler, and I didn’t regret trying to contest for a position. My only regret was trusting the elders in the community. I know how much I gave them, but only 14 people voted for me in the primary,” he said.
Cubana Chief Priest had announced his political ambition earlier this year, advocating for what he described as cleaner and issue-based political participation driven by young Nigerians.
Following his defeat, reactions trailed the outcome on social media, with some users mocking the businessman and suggesting he may have underestimated the dynamics of Nigerian politics.
However, Ossai Ovie Success defended him against online criticism.
“Why are people mocking Cubana Chief Priest? Not nice… it’s ok to try and try again,” he wrote on Facebook.
“He lost an election and so what? I am disappointed,” he added.
https://guardian.ng/breakingnews/i-regret-trusting-my-community-elders-cubana-chief-priest-blasts/ |
Politics › Re: Peter Obi Erases His Fingerprint After Using The Gym (Video) by BouquiLake: 9:27pm On May 06 |
|
Politics › Re: Oshiomhole Asks FG To Revoke Licence Of MTN Over Xenophobia by BouquiLake: 9:03pm On May 05 |
|
Car Talk › Re: My Toyota Carina 2 by BouquiLake: 11:50am On May 05 |
White is gasket (Water leaking into engine) Blue is Oil (leaking into the combustion chamber)...Ring first Black is Fuel...( Too much fuel being released) nurey: If it has been sitting idle for a while you need to change the oil, then try and notice the color of the smoke to tell you whether it is rings issue (white smoke), over dumping of petrol (black smoke), gasket issue (blue smoke).
Then find a mechanic to access the vehicle and point you on what you need to keep vehicle in top shape |
Politics › Re: Peter Obi Leaves ADC For NDC by BouquiLake: 1:22pm On May 03 |
He will soon move to NYSC... Yeyeee dey smell! fergie001: Peter Gregory Onwuabasi Obi |
Christianity Etc › Re: Next President Has Been Decided By God, Says Adeboye by BouquiLake: 11:42pm On May 02 |
|
Education › Re: 6 Out Of 10 University Students Are Into 'Yahoo Yahoo’ - EFCC Chairman Olukoyede by BouquiLake: 8:24pm On Apr 28 |
|
Health › Re: I Am Addicted To PEPSI by BouquiLake: 8:36am On Apr 21 |
Reduce it to one battle per day.... You can divide one bottle in to two... 1st drive take half, 2nd drive take the other half. When you are good with that, reduce it to half a bottle a day (You can dilute with water to make it full bottle psychologically). You can go on with this for a long period and may not even need to stop because i think that is still permissible  BE DISCIPLINED AND INTENTIONAL about this arrangement. Never try to stop abruptly... It will most certainly nit work! daylay7: I want to know how i can control this urge. I drink at least two pet bottles in a day. If i don't take it in a day, I won't be myself. How do I curb this behavior? I tried looking away, discipline myself but it is not working. |
Phones › Re: Subscribers Fume As FCCPC Directive Grounds Airtime Borrowing Services by BouquiLake: 1:48pm On Apr 17 |
|
Foreign Affairs › Re: Cuba President Díaz-Canel Talks Tough About Trump As Nation Braces For US Attack by BouquiLake: 4:04pm On Apr 13 |
|
Foreign Affairs › Re: Talks Are Over, Strait Of Hormuz Is Closed Iran Says by BouquiLake: 6:26am On Apr 13 |
|
Foreign Affairs › Re: Talks Are Over, Strait Of Hormuz Is Closed Iran Says by BouquiLake: 6:24am On Apr 13 |
|
Romance › Re: There’s One Thing My Girlfriend Has Never Done, Yet We’re Planning Marriage by BouquiLake: 2:40am On Apr 13 |
That is a red flag... She is in the "Your money is OUR money, my money is MY money GENG". Sit her down and tell her and if there is no change, RUNNNNN O  Help meet is what God Himself called them but some of them are BURDEN meet!!! CYBERWEAVER: I am currently planning to get married. I’ve been with my babe for about a year now.
After several consultations, we agreed on a wedding budget of about 3 million Naira.
But I keep asking myself one very honest question: how do I commit that kind of money to someone who hasn’t really shown the same level of effort back, even in something as small as 5k, despite earning a little?
Asin, I never smell her 5k since we started dating.
At this point, it’s not even about the money anymore. It’s about intention, balance, and simple acts of kindness.
Even on my birthday, I didn’t receive a gift from her, and that stayed with me more than I expected.
I’ve never had to deliberately test her money, because genuine care and small acts of giving usually show themselves naturally over time.
To be clear, I’ve been carrying most of the financial weight in this relationship, and there’s hardly anything tangible she has ever done for herself without at least my 50% contribution since we met.
I don’t complain, but I also don’t want to ignore what I’m seeing.
As a responsible man, I’m trying to be honest with myself before I take a step I can’t easily undo.
So I want to ask people who are married or have real experience: if I go ahead and marry in a relationship where this is the current dynamic, what should I realistically expect in marriage?
I’m not trying to assume the worst, but I also believe experience speaks louder than hope. |
Politics › Re: APC Moots ₦100 Million Presidential, ₦50 Million Governorship Forms by BouquiLake: 6:09am On Apr 12 |
|
Politics › Re: FG Releases names of 48 Individuals, Groups Linked To Terrorism Financing by BouquiLake: 6:26pm On Apr 11 |
This is so vague... Where are their NIN/BVN. That should also be listed along with their names.  . AI can generate any random names... NIN or BVN will authenticate the validity of the names listed fergie001: https://nigsac.gov.ng/IndSancList |
Politics › Re: Fuel Price Biting Hard But You Are Better Than Those In Kenya - Tinubu by BouquiLake: 7:43am On Apr 11 |
And thank God for Dangote refinery in place. I cant imagine if we are importing all the fuel as before. Lithiumite: Rather you should thank him for affirming subsidy removal.....imagine we still had subsidy on petrol today, it would have been calamitous, we would have been buying at 3k per liter now and ther would have been scarcity and long queues... removal of subsidy made ot possible for dangote refinery to commence refining and selling to the local market. |
Politics › Re: APC Capable Of Ruling Nigeria For 100 Years – Party Chieftain by BouquiLake: 6:58am On Apr 10 |
|
Business › Re: Dangote Sugar Warns Staff On Chewing Of Company Sugarcane by BouquiLake: 5:08pm On Apr 09 |
What really is the problem here? Is it the shewing of the sugarcane OR Shewing and dropping the shaff indiscriminately after shewing OR Both? HR E so toootor to wa mbe  saintopus: Imagine the yeye memo! How much sugar cane can a staff chew? If they are avoiding the dirtiness of the environment from chewing the sugar cane that will be OK. |