₦airaland Forum

malali:
1. On addressing insecurity which is also affecting farming and food production, President Tinubu made three key pronouncements.
Essentially nothing, no tactics, no strategy, more like just pretending to be doing something.

2. On the rising cost of food: The President directed that the State Governments and Federal government should collaborate to increase local food production.
Even if food production will be increased, it will take 3-4 years to notice any impact realistically, A lot of people would have died by then ? The farm is not bigger than last year ? The farmer who had a hoe last year doesnt have a tractor this year ? The storage facilities are still the same.This is passing the buck. Food security is a national security problem.

The President advised against the idea of food importation and price control when local food producers should be encouraged to produce more food.
Food importation is bad, everyone knows that. Has the government met with the Large scale farmers? Can the ministers of Agriculture, tell us what we produce and by how much we need to increase produce? Bring in Agricultural franchises and set up in every state, Farming has to be done scientifically with mechanization, tractors, harvesters, hybrid seeds, pesticides, fertilizers, farmers insurance. Its patronizing for the president to keep telling them not to import but increase food production ? How will they do this ? By Magic ? We have NNPC and yet we have not been able to get energy right, but we do not have a similar organization for farmers, we just expect a bunch of local farmers to replace the importation.Just like that...lol

3. The President advised Governors to follow the example of Kano State in dealing with the hoarding of food for profiteering by commodities merchants.
He directed the Inspector-General of Police, National Security Adviser and Department of State Security Services to monitor warehouses hoarding food items across the country and stop profiteering by merchants.
Lets not mistake storage for hoarding, Farmers should not be abused as well, if politicians cannot lower their own income, why are farmers expected to sell all their products at cheap prices, Are farmers not in the same economy as everyone else. If a farmer sells everything for cheap but seeds, fertilizers, labour, cost of petrol for tractors is skyrocketing. How will the farmer survive the farming season. A responsible leader should take responsibility. Farmers farm for profit, they are not the ones responsible to subsidize food in Nigeria. They also have financial responsibilities and prices are skyrocketing.Nigeria doesnt make tractors, tractor prices just doubled in price with dollar exchange rates.

4. The President charged Governors to pay attention to livestock development in their states and increase production most especially poultry and fishing products.
This also lacks strategy or any expertise ?Are they going to start poultry production in government house ? The poultry feeds have doubled in price, corn is a staple in making these feeds. Mr President what is the strategy ? Are we going to start a poultry in Aso rock ?

5. The President pleaded with Governors to ensure all salary arrears to workers and gratuities to retired workers and pensioners are cleared as a way to put money into the hands of the people since states are now getting more monthly FAAC revenue. Spend the money, don’t spend the people, he urged the governors.
This should be enforced, there should be checks and balances in place to make sure the monies get to the end user. This is not business as usual.

6. President Tinubu implored the Governors to create more economic opportunities for the youths in their states to keep them more productively engaged.
At the end of the day, the states cannot be responsible for all the youths, if so we would not need a president, we would be okay with just state governors. The federal government should also create opportunities, also private sector should be saddled with creating opportunities for youth, people hiring foreigners, should only be doing that if there is no competent person in Nigeria.

Food security has to addressed, when energy was an issue, energy had to be subsidized, why is food any different ?Why are we expecting the poor farmer to boost production overnight? Its not good enough to tell the security to look for hoarders, everybody knows hoarding is not the problem. We need scientific and mechanized farming. We need hybrid seeds, storage facilities, pesticides, fertilizers, technical expertise. There is a reason food importation has been rampant before now. We have so many senators, house of representatives, ministers, advisers, special advisers and this is the best we come out with, we have problems peculiar to Nigeria. The government needs to tackle these. If not it will only get worse?

.
You can't give what you don't have!

Until the culture of mediocrity is eliminated, Nigeria can't make real progress.

BIZNess123:

Nothing we nor go hear...

But on a serious note..sth happened to the super eagles.. either they were bribed, threatened or something else .....

Even after scoring their performance was very lacklustre..

The Super Eagles most likely sold the match!

crownprince2017:
Between zenith and wapco at the same price, which one will you go for now and why.good morning everyone.

I will go for Zenith Bank because this bank has never declared a loss in the past 10 years and I confidently believe it will never declared a loss in the next 10 years.

Zenith Bank has been paying good dividend annually in the past 10 years and it is 100 percent likely that Zenith Bank will pay better dividend in the next 10 years.

Zenith Bank will surely experience good price appreciation in the next 10 years.

Mankind2024:
If I were u,
50% NASDAQ
25% FIX INC ASSET IN Nigeria (TB) upfront payment for risky assets on NGX
25% Risky Equity...Dang Cem/Geregu...destination N1k

At the current price, Geregu is not a stock for a true investor; Geregu's stock price is not a true reflection of the dividend.Geregu is overpriced!

Geregu price is as a result of irrational exuberance (aka pumping).

Geregu's earnings per share is not proportional to the price of equity

SonofElElyonRet:
This is self contradictory...

Mr Jim Ovia is the backbone of the management of Zenith Bank .

I have full confidence in the managerial capability of Mr Jim Ovia.

And past financial results and dividend payment are a testament to his managerial acumen.

RSQLPython:
Good people, which stock would you buy if you have N100m to invest?

Thanks

Buy a consistent dividend paying stocks like Zenith Bank with all the money and have 100% peace of mind.

As far as Jim Ovia is still alive the good management of Zenith Bank is guaranteed!

Officer 'Woos' in the news again!

80% of Nigerian police officers are lawless in disposition.

He is an example of police officers that aid and abet gangsterism, car snatching, kidnapping and bank robbery!

It is an irony that the supposed custodians of the law are the persons now breaking the law with reckless abandon.

Another future T V Josiah in the making.

megawealth01:
During bulls market na

At all time(both in bull and in bear season)especially for dividend investors like me.

emmanuelewumi:
What is the name of the stock? How long did it take for this to happen?

Hope the stock will pay a minimum dividend of 70k per share? If not it will come down to sub N10.00.


Unless the free float is less than 5% ie BUA style

Ucap(now around 24 Naira) and Fidelity Bank(now around 12 Naira) are good example of stocks I bought around 1 Naira!

Both Ucap and Fidelity pay dividend.

Stock investment is the best business I have ever done.

A share of 1 Naira is now 15 Naira.

Looting of public funds has become a tradition in Nigeria.

I'm still of the opinion that salary paying job is slavery irrespective of the salary.

I have good news for degree holders, don't let people know you have a degree;just go out there like those without degree and hustle your way up!

The level of thievery going on in Nigerian government organizations is beyond words.

I just read that this airline charges around ₦‎61,050 for local flights.

The management of this airline saw an avenue for business and immediately started it.Good business is all about meeting the needs of consumers.

But,this airline must be ready for 'war' from other airlines that charge extremely high fare!

Life is not a bed of roses! 🌹

There are persons who can't withstand the vicissitudes of life;life is all about the good and the bad,you have to be prepared for any eventuality life can through you.

I don't think suicide is the best solution to life's numerous problems or challenges.Life's challenges make us stronger or better.

LeoDeKing:
Ministry of Finance
Ministry of Budget and Economic Planning

Both ministries to gulp almost 14 trillion.

There must be a mix up here, otherwise, I don't understand what these ministries will do with 14 trillion in one year.

Overhead cost in ministry of finance, 8.49 trillion, what exactly is that supposed to mean?

Budget for private pocket.

[The banks identified in the CBN’s quarterly economic report include Access Bank Plc, Fidelity Bank Plc, First City Monument Bank Limited, First Bank of Nigeria Limited, Guaranty Trust Holding Company Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, and Zenith Bank Plc]

Apart from Union Bank of Nigeria Plc.,the other banks pay dividends annually.

Zenith,Access,UBA,GTBank, Fidelity and First Bank are the leaders of the banking sector in Nigeria.

Odin13:
60% of Asians /Chinese construction workers are prisoners..

Not new.. they go back after serving.. Africa Na dia prison

They want their prisoners to experience life in an open prison!

Nigeria is a good country blessed with human and natural resources;but our clueless politicians have turned Nigeria into a mediocre nation.

smokinloud:
Lmao

We play excessively in Nigeria!

After marriage,his wife will start nagging and comparing him to other successful men😄

It is possible only if you have other streams of income and investment!

Tajbol4splend:
In Nigeria Universities, grades are not awarded based on how good you are, it's about how much you can copy and paste your Lecturer's handout during exams, I literally don't like it, it doesn't encourage students getting better than the lecturers themselves, thus making us stagnant

This is the tradition in most Nigerian higher institutions.

Tajbol4splend:
In Nigeria Universities, grades are not awarded based on how good you are, it's about how much you can copy and paste your Lecturer's handout during exams, I literally don't like it, it doesn't encourage students getting better than the lecturers themselves, thus making us stagnant

This is the tradition in most Nigerian higher institutions

It is 100% certain she was victimized in Nigeria!

epainos:
You are too careless. I can manage to cope with i ability to predict the future, but when one cannot check what has happened ....I have zero tolerance for such. You are a careless person. Go check my posts and you will see how ridiculous you are. Common sense should tell you to check ones posts first before making a big f.ool of yourself.

You are a careless human being.

Is like you live in Europe? You went to Europe but Europe hasn't transformed your mentality. You still reason like a typical Nigerian politician.

sonofsteven:
I'm not RYANAIR or it's employee or have dealings with the named company

Why don't RYANAIR OR ANOTHER COMPANY or companies come down to Nigeria to run their businesses and let's know why local companies are hiking theirs

Some companies are closing down

GSK etc have all left, why?

Maybe government won't let them sell drugs at the rate they can see profits and pay workers run businesses, they felt they were losing money reason they left( some naija company fit reduce qualities to accommodate )...

I can't say because I don't know anything about all these companies

On my own part, I dey deal on buying and selling, I can tell you why the particular goods I'm buying are expensive now or increasing in money...( na my line be that, na how I buy,I go sell

The increase in tariffs/taxes,removal of fuel subsidy and the sudden devaluation of the ₦‎aira are some of the reasons for the astronomical increase in the cost of doing business.

I'm also a business person.If you must make profit in this current business environment;you have to cost cost,reduce the price of your goods and services and this will eventually lead to increase in revenue,and finally you're certain to make good profit if you know what you're doing.

epainos:
Thanks for your comment bro. I appreciate you call me wise one. So, you that is Mr. Foo.lish... lol....na simple mathematics. Olodo. There are more people who are always on board. Simple common sense should tell you that people must come on.board first, and then the airline start reducing the price. That call was to tell them to come buy the ticket. If that airline gets 50 people next week, i can bet you that N5k to N10 will be off the price. And then when more gets on.board, it can even be cheaper. Na simple maths.

But una no wan learn. Una wan quickly make it tribal war. So the airline hate you and moved the price up, and then lower it for Uyo. You are sick. Na violence you dey always use in all your approaches. E no dey work like that. The airline will soon cut you off...and na shout una go shout and nothing go happen. This is exactly where I know you are going. And like I said, una go use una hands injure una selves. By now, you should know that all una tricks cant work. And violence wont also. Lol. See...as r don be...for the next 7 years that the presidency is for the south, igbo no go smell am. I am teliijg you the truth here. And it will go to the north for another 8 years. And when it will return to the South, una still no go smell am. Na South South go still get am.

Na until una use una brains. I dont hate you...i dont hate Igbo...but na you be your own enemies.

Oga na wetin dey make body pepper you o?

I sure say na the astronomical inflation wey APC bring!

I'm from Edo state and not from South East.

Are the common people from South West enjoying Tinubu's Emilokan government?

Na people like you na im dey make Nigeria a laughing stock were serious minded countries dey.

Whether you like it or not an Igbo president must rule Nigeria before the next 20 years.

epainos:
The manager is the owner of the business....right? You are the real clueless guy here. Lol

Dont worry...the owner will soon stop going that route....then, when you travel on road only and no other means, you will come out and say they hate Igbo. Lol

Na only you sabi save money and show say you wise in your eyes. Lol. No worry....your eyes go soon clear when you make everyone not to see your region lucrative. Instead of you all to quickly adjust. That post was made to send out the message for igbos to do something... unfortunately, clueless ones like you made front page to even make the matter worse. Dont worry...the owner will divert the aircraft to Kaduna or Kano that is lucrative for him. Later una go shout say dem no dey go your region. You go shout tire say dem hate igbo....no worry Lol.

Mr Wise Man,how does Ibom Air that charges around ₦‎70,000 from Uyo to Lagos make profit?

sonofsteven:
Don't forget dey pay pilot and crews

Have you also considered aviation fuel and maintenance

Well, this is why most companies are shutting down due to loss

How does Ryanair's management maintain an air fare of around €40 (forty Euro) price for a 2-hour local flight around Europe?

The management of airlines in Nigeria should copy what Ryanair's is doing around the world to improve their patronage and profit.

Irrespective of the country, the rich and middle class people like cheap and affordable goods and services!

SPAMBOX7:
Not everyone has the brain to do the math you just did there. You will amazed that we have more dullards at the top than fishes in the river

This is the situation of Nigeria.

Why not charge ₦‎60,000( ₦‎60,000 × 130 passengers will give ₦‎7,800,000)?

₦‎250,000 ×6 passengers just gave the airline ₦‎1,500,000

The manager of this airline is clueless just like a typical Nigerian politician!