₦airaland Forum

Op has a point.

There is nothing communist about 2 of his suggestions. The one about groceries is unlikely to be practicable. Transport can be subsidised rather than being totally free.

I am a capitalist, but given the level of poverty, homelessness, and despair in the USA - the poster child of capitalism - and the fact that 50% of those earning $100,000 or above in the US live from hand to mouth (despite that being a high salary), I have come to believe that the purest form of capitalism is a recipe for despair. The only true winners are the super rich and the upper middle classes who set the rules of the game and continue to get richer. The majority of people work, work, and work with little to show for it.

A government must be able to intervene in certain areas when the wanton greed that capitalism inevitably breeds is getting out of hand.

A couple of months ago, Cement manufacturers were selling cement to distributors at around N7,500, but these people were selling to consumers for N11,000 and above. That's just one out of many examples of unbridled greed.

True.

Trade associations are a law unto themselves.

I know someone who produced pure water and sold his bag at a cheaper price than the price the Pure water producer's Association dictated.

He also refused to join their association.

The trouble they gave this guy ehn. They would turn up with thugs at the guy's factory and block his vehicles from distributing.

At other times they would waylay his vehicles on public roads and start manhandling the drivers.

The Commissioner of Police called all parties to a meeting and sided with the producer based on section 40 of the Constitution.

No way. The Association continued their shenanigans, threatening violence against the man and his workers.

I don't think the factory survived. They probably closed down in the end.

These Associations are a menace.

Faposky95:
but hold up.....
was the country not moving even in some right direction before the BAT......
APC, this is the year 2024...time dey go......wake up

I agree with you that we need to start seeing improvements.

I expect to start seeing tangible positive improvements from his 2nd and 3rd year in office.

It is not easy to turn around the economy of a large country like Nigeria in a jiffy.

Good.

The President is on track.

Set backs here and there are inevitable. But the march forward must proceed.

Nigeria's challenges go back several decades. One President can't resolve them all in 8 years let alone 12 months.

SadiqBabaSani:
You heard that right,

His Excellency former GCFR, GEJ is the only living Southern politician capable of dismantling the Tinubu 2027 plans.


He has only one term to do and is more experience and better administrator of Nigeria than Baba Bourdillon.

Nice man probably, but not an effective leader.

'Stealing is not corruption'. Remember?

On the contrary, Mr Reno has done some harm to Mr Obi's perception by the public.

The Obi team would be happier if Mr Reno stops today.

That's not to say everything Mr Reno says about Mr Obi is damaging.

However, and in my opinion, that 'Obi did not build any School' saga really hurt Mr Obi's image.

The IMF enjoys the attention it gets from winding up Nigerians.

Most countries don't pay attention to the IMF, and so IMF is denied the oxygen of publicity it desperately craves.

Citizens from those countries hear about the IMF once or twice a year during their annual country reports. Infact, during GEJ and Buhari's periods, that was the case in Nigeria too.

But now, because of Nigerians' histrionics and hyper reactions on social media, IMF now says something about Nigeria every week or so. Why, you might say. It is because the IMF knows it can easily provoke Nigerias to react in large numbers.

I bet the young, inexperienced under-30 year old world Bank staff with second class lower in numerous meaningless social sciences degrees are laughing their heads off in their little offices at how easy it is for them to wind up Nigerias.

Nigerians, the IMF is not an economic forecasting god that deserves your endless socia media attention. Many of the people working there are no more educated or clever than you.

The IMF is one of the most inaccurate economic forecasting institutions in the world. That is why most serious countries do not listen to it.

But citizens of Nigeria have now deified the IMF to the extent the institution feels able to intervene in Nigerian matters on a weekly rolling basis.

Get a grip Nigerians. These people are trilling and laughing at you.

Wema bank, small, diminutive, but smart.

Seems the bank knows it can't compete with the big boys for large corporate accounts, and other glamorous banking segments like high networth individuals, cross border/international baking etc

So, it focuses on ignored, unglamorous sectors that will still bring in some money.

In business, choose your fights carefully. If you're featherweight, don't try and compete with ruthless heavy weights. They will crush you.

Every year people expect Wema to fail, but they keep surviving and are older than all banks except First Bank, and may be Union Bank.

One man mopol



Nigerian democracy ehn

I thought Labour party said they were the one to take Nigeria to a beautiful place.

Ijaya123:
The current governor has immunity which covers him within the government house.

No arrest can be made there.

That's not correct. The Governor's immunity doesn't not extend to those living with him.

The way some people throw insults on social media is shocking.

To be fair, it started with Mr Jonathan and has steadily gotten worse.

It is perfectly possible to criticise with hurling personal insults.

Judges don't like it when you disobey a court order.

The man needs to submit himself to appearing before the court.

That is the only way, otherwise he'll make things worse for himself.

A lot of men have allowed things they read from unserious men on social media, usually from American rap and street culture adherents, to distort their views in such a damaging way.

What kind of love is it when you have to sit your future partner down and say you must each contribute N5m into a deposit account before marriage can happen.

That's a transactional relationship. How long can a marriage built on such faulty foundation last.

Where there is love, such thinking simply don't happen.

Just let the lady be. Your action was cold, nasty, inconsiderate, and hurtful.

I just hope this is fiction

opamoses1:
The government needs to add fake drinks, medicine, baby food, cement e.t.c. producers to the death penalty law.

You mean people can make and package fake cement?

Wahala dey o.

How will this people be able to govern well for their people with all the chaos they have caused.

Trustyourself:
He looks quite sick

I don't think so.

For his age (71?), he's ok.

It is a tough job, especially in bad times.

Also, international flights across different international tome zones and to multiple countries will take a lot from anyone, including a younger person.

adioolayi:
Why all these loads of security, when he is just walking in the Villa

Kilode

A Nigerian President is a big target for terrorists.

Besides, there are many bitter people around, including within Aso Rock and even potentially amongst his guards.

occfx:
Doesn't look strong... At this age, I don't know what I will be doing in Aso rock.

He looks stronger than Joe Biden.

And America is still number 1.

We have seen young people in positions of authority in this country who have performed woefully.

Age is not the sole determinant.

jogsman01:
Wetin him bring come?

More taxes, if una disturb am too much

The President no send.

The power is with him.

So basically, they're just asking for the CBN to clarify the correct percentage to be deducted.

They are not asking for the policy to be stopped.

Afterall, it was the same House of Rep and Senate that passed the Cyber Security Act into law.

This lot are just pretending to be shocked.

What an embarrassment. To be charged for fraud with your child

No amount of money is worth that shame.

Oops

Nigerian politicians are a unique breed.

Self interest only. Nothing else.

TerrouMuda:
What is 0.5/100?

0.5% means 0.5% of a given figure. In your example, that will be 0.5% of 100 naira since we are talking naira.

The answer is 50k.

0.5% is not the same as 0.005.

I am not a mathematician. But na.

booz:
Sacked employees should team up and start their own e-hailing app now.

I was surprised it took Bolt less than 50 people to run their business in Nigeria.

Seems like a good business model, that should be easy to copy.

But the reality is, it takes years for some of these tech companies to become profitable. Some will never be profitable.

Economic activities are grinding to a halt.

Bolt laying off staff suggests that their business is slowing down. Fewer journeys are being made.

Weakening transportation and commercial property activities are some of the earliest signs of a recession.

We were recently looking for a commercial space. I noticed that most of the available properties sent to us are businesses that have recently shot down. Some tenants appear to have left without even packing some of their things.

I think many small businesses were caught unaware by the current economic situation. In the end, they probably just gave up the businesses.

Sad.

Interesting.

One thing about this President is that he is BOLD

He goes where no previous leader dared to go.

1. Fuel Subsidy - removed. GEJ folded at the first sign of protest at Ojota.

2. FCT minister - gave it a Southerner

3. Student loan scheme - in the works

4. Coastal road - ongoing

And so on..

But this horrible 0.5 or 0.005% tax on bank transfer his government wants to introduce is too much. We are hearing too of Telecom tax. There's the dreaded Band A electricity palaver on ground.

Excessive taxes are suffocating the people and the economy.

Detaaaa:
This is through to some extent

Where in the constitution does it say that.

No it's not against the law.

I'm not interested in their online spat, but it is not everything you can sue for.

A one-off mild comment is unlikely to meet the threshold required to establish cyber bullying.

If you call someone silly, should the person be able to sue you? No.

Otherwise the courts will be overwhelmed by a deluge of petty, irrelevant cases.

CodeTemplar:
You are very foolish o.
The person kidnapped was head of financial crime complaint there and not a top level official sef. They should stop distracting Nigeria with "owo mi da?" attitude.

How can you say a 'head of financial crime' is not a top level officer?

The 2nd guy is the Head of their African operations. That's not a top level officer too?

So a regional director of a Nigerian Bank is not a top level officer according to you.

Anyway, the Nigerian courts will decide. Not you. Not me.

tuzle:
different case. The first is the owner who has a case in court and he was found guilty. The second one is a worker who was sent to help resolve a problem, but was arrested and kept in holding since then. I don't know why u guys are acting like the 2 are the same thing

You're wrong.

He was charged as the CEO (employee), not as a owner of the company.

The CEO of a company is an employee just like any other worker in the company.

By the way, the crooked Binance company was also found guilty of not effecting anti-money laundery policies. Billions of dollars in drugs money went through the company. The company was fined $4 billion dollars as a result.

The same thing the Company did allowing and profiting from the laundry of billions of dollars of Nigeria's stolen money.