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Nigeria is expected to be self sufficient in rice production by November 2017. This is because investors including Dangote are adjusting to policy initiatives and favourable market conditions by increasing private investment in locally produced commodities. In spite of this, the price of rice is still high at N18,500 per bag.


In the global market, oil price jumped 3.28% to $48.42pb on lower-than-expected decline in US crude oil inventories. The sustainability of this trajectory is subject to a continuous drawdown of global oil inventory. This remains positive for the naira.

The attached report summarizes the impact of domestic and global developments on the commodities market.

Watch and enjoy!

https://brandspurng.com/fdc-commodity-update-july-13-2017/

Oil prices climbed 0.64% to $47.18pb however, the current stability in the forex market could be threatened if Nigeria is now included in the OPEC output curb.

A meeting in Russia of oil producers is in 2 weeks to discuss the current supply glut in the oil markets.

The implications of these on Nigerian revenue and domestic commodity prices are analyzed in the attached report.

Watch and enjoy!

https://brandspurng.com/fdc-commodity-update-july-11-2017/

Chart

Summary
Despite the tight monetary monetary policy stance, growth in the major monetary aggregates increased in May 2017, relative to the level at end-April 2017. On month-on-month basis, broad money supply (M2), at N21,975.34 billion, rose by 1.2 per cent due, mainly, to the 17.5 per cent increase in net foreign assets of the banking system.

Over the level at end-December 2016, however, M2 fell by 6.0 per cent, reflecting the 7.4 per cent and 6.7 per cent decline in other assets (net) and net foreign assets of the banking system, respectively. Similalry, narrow money supply (M1), rose by 4.4 per cent, on month-on-month basis, due to increase in its demand deposits component.

Reserve money (RM), fell by 6.2 per cent to N5,499.2 billion at the end of the review month, reflecting the fall in both currency and bank reserves. Banks’ deposit rates generally trended downward, while lending rates rose in May 2017.

With the exception of the 7-day deposit rate, which rose above the levels in April 2017, all other deposit rates of various maturity fell from a range of 8.48 per cent – 13.08 per cent in the preceding month to 7.53 per cent – 11.33 per cent in May 2017.

The average savings and term deposit rates fell to 4.08 per cent and 8.65 per cent from 4.24 per cent and 9.10 per cent, respectively, in the preceding month. The average prime and maximum lending rates rose by 0.14 percentage point and 0.44 percentage point to 17.58 per cent and 30.75 per cent, respectively, at end-May 2017.

Consequently, the spread between the average term deposit and the maximum lending rates widened by 0.89 percentage point to 22.10 percentage points at end-May 2017. Similarly, the spread between the average savings deposit and maximum lending rates, widened by 0.16 percentage point to 26.43 percentage points at the end of the review month.

The total value of money market assets outstanding at end-May 2017 stood at N11,540.84 billion, showing an increase of 1.6 per cent, as against the 3.3 per cent decline in the preceding month.

The development was attributed to the 1.4 and 1.7 per cent increase in FGN Bonds and commercial paper outstanding, respectively. Gross Federally-collected revenue (gross) in May 2017 was estimated at N458.42 billion.

This was lower than the receipt in April 2017 by 13.4 per cent, reflecting decline in both oil and non-oil revenue components. Oil and non-oil receipts (gross), at N238.09 billion and N220.33 billion, respectively, constituted 51.9 per cent and 48.1 per cent of total revenue.

Federal Government retained revenue and estimated expenditure for May 2017 were N185.58 billion and N583.32 billion, respectively, resulting in an estimated deficit of N397.74 billion. Agricultural activities in May 2017 were dominated by planting of crops, legumes and harvesting of vegetables.

In the livestock subsector, farmers continued with the breeding of poultry and migration of cattle from the Northern states to the Southern states in search of greener pastures. Domestic crude oil production was estimated at 1.63 mbd or 50.53 million barrels (mb) in May 2017.

Crude oil export was estimated at 1.18 mbd or 36.58 mb in the review month. The average spot price of Nigeria’s reference crude oil, the Bonny Light (37° API) fell to US$51.20 per barrel in May 2017 from US$52.89 per barrel recorded in April 2017, representing a decline of 3.20 per cent.

The end-period headline inflation (year-on-year), was 16.3 per cent in May 2017, compared with 17.2 per cent in April 2017. On twelvemonth moving average basis, headline inflation was 17.6 per cent in May 2017.

Foreign exchange inflow and outflow through the CBN in May 2017 were US$2.26 billion and US$3.02 billion, respectively, and resulted in a net outflow of US$0.76 billion. Aggregate foreign exchange flow through the economy, however, resulted in net inflow of US$2.60 billion in the review month.

Foreign exchange sales by the CBN to the authorised dealers amounted to US$2.64 billion and represented a 70.8 per cent increase above the level in April 2017. The average exchange rate of the naira at the inter-bank segment, at N305.54 per US dollar, appreciated by 0.2 per cent, compared with the level in the preceding month, but depreciated by 35.5 per cent, relative to the level in the corresponding period of 2016.

Other major international economic developments and meetings of importance to the domestic economy during the review month included: the 2017 Association of African Central Banks (AACB) continental Seminar held in Accra, Ghana from May 3-5, 2017 and the Mid-Year Statutory meeting of the Economic Community of West African states (ECOWAS) held at Monrovia, Liberia from May 25 – June 4, 2017.

Monetary and Credit Developments
Growth in broad money supply (M2) rose in May 2017. Banks’ deposit rates trended downward, while lending rates trended upward. The value of money market assets outstanding rose, owing, largely, to the increase in FGN Bonds and commercial paper, respectively.

Activities on the Nigerian Stock Exchange (NSE) were bullish in the review month. Monetary Policy remained restrictive during the review month with the monetary policy rate at 14.00 per cent. On monthon-month basis, net domestic credit and other assets (net) of the banking system fell by 2.5 and 2.4 per cent, respectively.

Net foreign assets, however, grew significantly by 17.5 per cent, reflecting increase in foreign asset holdings by both banks and the monetary authority. Consequently, on monthon-month basis, broad money supply (M2) rose by 1.2 per cent to N21,975.34 billion in the review period, compared with the growth of 1.6 per cent at the end of the corresponding period of 2016, but was in contrast to 1.4 per cent decline at the end of the preceding month.

Similarly, narrow money supply (M1) rose by 4.4 per cent to N10,184.90 billion, reflecting the 6.3 per cent increase in demand deposits, which more than offset the 5.4 per cent fall in its currency component (Figure 1, Table 1).

Over the level at end-December 2016, money supply (M2) fell by 6.0 per cent in May 2017, compared with the decline of 7.2 per cent at end-April 2017, but was in contrast to the 5.0 per cent increase at the end of the corresponding period of 2016.

The development reflected the 6.7 per cent and 7.4 per cent decline in foreign assests (net) and other assets (net) of the banking system, respectively. Similarly, narrow money supply (M1) fell by 8.0 per cent, compared with the decline of 11.8 per cent at the end of the preceding month and reflected increase in its currency and demand deposit components .

Quasi-money fell by 1.4 per cent to N11, 790.44 billion at endMay 2017, compared with the decline of 1.0 and 2.3 per cent at the end of the preceding month and the corresponding period of 2016, respectively.

The development was due to the fall in time and savings deposit of banks. Over the level at end-December 2016, quasi money declined by 4.3 per cent, compared with the decline of 3.0 per cent and 1.1 per cent at the end of the preceding month and the corresponding period of 2016, respectively.



Click Here to Download Full Report

https://brandspurng.com/cbn-publishes-may-2017-economic-report/

am telling u

On point.

In essence?

Always looking forward to this report weekly.

una mates go soon start pay per view, una dey here still dey deceive.

i just wonder what it really takes to make tins ryt

oh really

allright

down

Coscharis Technologies has introduced to the market their latest innovative product, COSCHARIS MOBILE SCHOOL (CMS). This unique product is objectively designed to meet Nigerian educational needs, principally at the basic primary, secondary education levels and for teachers’ development towards improving their learning and teaching techniques in this digital age.
The Coscharis Mobile School (CMS) product device is an indispensable digital companion for pupils in Primary 1 to 6, and for students in JSS 1 to 3 and SSS 1 to 3 as well as for all teachers across these levels of education. The device is handmade thus guarantee its durability, and most importantly, all the installed software applications are products of Research & Development in the IT industry based on the updated Nigerian Educational Curriculum, both the New Nine (9) years and the Senior Secondary School curricula in all subjects.
We are excited to be a pacesetter in this landmark innovation which breaks the glass ceiling in our educational sector in Nigeria. We strongly believe this is a turning point for domestic growth and development in our local educational sector.
Briefly, we hereby present to you the CMS product device features, warranty, installed software applications, regulators’ endorsements, compliance, prospective users, partners, demonstration, supply and more importantly the official introduction to the market .


CMS Product Device Features & Warranty

The CMS product device is customizable to meet the needs of every user, particularly for the Nigeria market space. The device comes in 10’’ Tablets with the following features:

10’’ IQuad Core 1.2 GHz processor, IPS Display, 1GB, 16GB Memory,
Micro-SD slot for up to 32GB expandability, Dual SIM, 3G + Wifi, Android 6.0 OS, BT, Front Camera = 2MP, Rear Camera = 5MP, 5000mAH battery, 1 year warranty with Plastic back panel, Adaptor & pouch cover.
Installed Software Applications

In addition to the device being user friendly in the Nigeria environment, the installed software applications are customizable to meet the needs of every user, either for pupils in Pry 1 to 6, students in JSS 1 to 3, SSS 1 to 3, or their respective teachers in all subjects. The software runs on Android Operating System(OS) and functions as graphics virtual and video classroom in all subjects across all classes, providing opportunity for the users to repeat and review each lesson as many times as they desire before undertaking inbuilt exams for self-evaluations to determine the progress in learning.
Endorsements & Compliance
The CMS product device and installed software has the endorsement of the Federal Ministry of Education, Standard Organization of Nigeria (SON), National Information Technology Agency (NITDA) among other agencies of Government. Every product integration is in total compliance with international digital best practices in education delivery for learning and teaching experiences.
Prospective Users & Partners (Priority Audience)
In summary, prospective users of the CMS Product device and installed software are the Nigerian pupils in Pry 1 to 6, students in JSS 1 to 3, SSS 1 to 3 and every teacher across these levels of education, both in public and private schools nationwide. To reach out to them, the collaboration and partnership of MDAs across all the tiers of government cannot be over-emphasized.
These include:

Federal Ministry of Education (Federal Government Unity Schools)
States Ministries of Education (State Government Secondary Schools)
Universal Basic Education Commission (UBEC)
States Universal Basic Education Boards (SUBEBs) – Pry & Junior Secondary Schools)
Private Schools- independently and through NAPPS (National Association of Proprietors of Private Schools)
Donor Agencies for the sustainable development of Education in Nigeria.
Benefits to Users

Both Offline and online access of CMS module
Free offline videos and animation to aid teaching
Over 20,000 past JAMB, WAEC , JSCE, Common Entrance and A-Level questions and answers
Teachers e-teaching tools and curriculum for all classroom as directed by NERDC
Quick summary of text books of more than 40 subjects
Career Counselling Guide: Information about careers that helps your wards, decide on a career and also teaches them how to pursue their chosen career
Competitive Pricing
Free Training on use of content
For the first time ever, you can have your wards sit for JAMB and WAEC exams every day from the comforts of your home. There is absolutely no reason why our youths should fail or sit repeatedly for these exams. This is the solution!

CMS Product Demonstration, Supply & Cost Implications

We are ready at very short notice to stage this unique CMS Product demonstration at the invitation of all identified stakeholders mentioned above, as well as ready to respond with bulk supply of products to any purchase order at very cost-effective rate per unit and attractive discounts.
About Coscharis Technologies Limited (COSTECH)
Coscharis Technology Limited is a subsidiary of Coscharis Group, one of Nigeria’s most diversified wholly owned Nigerian Conglomerate that has reputation for representing various iconic brands that cuts across various business sectors which impacts positively in the economy of the nation. Coscharis Technologies Limited is an information and communications technology (ICT) solutions company incorporated in 1993. Coscharis Technologies Limited is in the forefront of innovative pursuits that has changed the landscape for the deployment of ICT technologies in Nigeria. COSTECH engages in the marketing and distribution of computer and telecommunication equipment and the development and maintenance of modern software applications. It is an authorized partner/distributor to some of the world’s best ICT brands such as, HP (Hewlett Packard) IBM/Lenovo, APC, Microsoft, Samsung, DS Solidworks, ASUS, and Mercury. With strategically located offices in Lagos (Ikeja and Head Office in Victoria Island), Abuja, Kaduna, and Port Harcourt as well as with effective support of the Group’s network of branches in such areas where we are not located, namely Maiduguri, Benin, Ibadan, Kano, Uyo, Nnewi, Aba etc, the company is able to serve its numerous customers from all parts of Nigeria. Fully backed by the group’s financial strength, Coscharis Technologies is always exploring more innovative ways of realizing its mission. Please visit www.coscharis-tech.com or www.coscharisgroup.net for more information


SOURCE : https://brandspurng.com/coscharis-technologies-launches-a-mobile-school-in-nigeria/

9Mobile telecom, former Etisalat has unveiled its new corporate brand identity few hours ago. This came after days of speculations by relevant stakeholders as to what comes next regarding Etisalat Group’s withdrawal of the right to the continued use of the Etisalat brand in Nigeria by Emerging Markets Telecommunication Services Ltd. (EMTS).

The telecoms firm retained the ‘9janess’by invariably deciding on ‘9’ in 9Mobile due to the following reasons, as gathered by Brand Spur Nigeria:

9 is significant with nature, the start of life, time of birth. from our entry into the market 9 years ago to our evolution 9 years after, we are still 0809ja.we are here for you, rebranded for you because it is all about you.9 stands for speed, quality, excellence. if you’re looking to the future, you find it with 9.9 gets you talking more, doing more, achieving more & living more

9mobile made changes to its online presences as shown in the pictures below.

Website link: http://9mobile.com.ng/

SOURCE: https://brandspurng.com/9mobile-telecom-former-etisalat-unveils-its-new-identity-logo-website-mobile-app-etc-pictures/

LAGOS State government has unveiled a new television programme tagged ‘Lagos Community Updates’, saying the aim was to advance development at the grassroots and engender active participation of the people at the local level in governance.


Special Adviser to Governor Akinwunmi Ambode on Communities and Communications, Mr Kehinde Bamigbetan, disclosed this on Monday while speaking at the unveiling held at the State Secretariat, Alausa, Ikeja.

He said the programme, which is billed to commence next Monday, would serve as a veritable platform for people at the grassroots to get first-hand information about activities of government.

According to him, the programme will also serve as a feedback mechanism for government to know the plight of the people, adding that it would also assist government and the private sector to know about the activities of Community Development Associations (CDAs) and Community Development Committees (CDCs) who had initiated projects on their own but required intervention to complete such projects.

“The programme is first to bring to public limelight the activities of CDAs in terms of their initiatives for self-help and the way they are taking ownership of the projects and programmes of Governor Akinwunmi Ambode because the governor has expressed his desire to partner with CDAs and CDCs in areas where they require support and collaboration.

“By developing a medium that is able to do this, will enable the government to also have first-hand-knowledge of the efforts of the communities, and, therefore, enable government and the private sector to intervene.

“Many corporate organisations have funds for Corporate Social Responsibility (CSR) projects but they do not know where to channel those funds and by bringing up these communities who have initiated projects on their own but require assistance to complete the projects, we allow the private sector to have an inkling into where they can direct their resources in terms of CSR.

“Through the programme, we will also let the government know that the job they have been doing also requires extra efforts because we will bring to the government the people who have initiated projects and want to partner with the government,” Bamigbetan said.

He said aside the showing of the programme on television, all the social media platforms had also been activated to promote the programme with the view to making the people aware of its existence, urging all CDAs and CDCs in the state as well as the generality of the people to take ownership and full advantage of the initiative, and assist government in scaling up development, especially at the grassroots.

The State’s Commissioner for Information and Strategy, Mr Steve Ayorinde, on his part, said the state government was delighted to come up with the programme, which he said, would go round all the Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) in the state to showcase the activities of government and equally facilitate feedback.

In his remark, Chairman of Ojokoro CDC, Alhaji Amusat Azeez, said it was gratifying that a programme which would help to highlight the plight of the people at the local level was coming into fruition in the state.

This was just as he expressed optimism that the programme would help the state government to alleviate the sufferings of the people.

“Governor Ambode is a governor of the people who is always willing to help the people and I am sure when he sees the plight of the people through this programme, he will adequately respond in the interest of the people,” Azeez said.

SOURCE: https://brandspurng.com/lagos-launches-community-tv-to-scale-up-grassroots-development/

Nominations are now being accepted for the Best LinkedIn Company Pages of 2017.


Global content creator Alexandra Rynne announced in a blog post that nominations are being accepted through Friday (July 21) at noon PST/3 p.m. EST, and the 10 winners will be announced Thursday, July 27.

Pages can be nominated by tweeting @LinkedInMktg with the hashtag #BestofCP or by commenting on this LinkedIn post.

Rynne suggested that users nominate pages based on “valuable content, thought-provoking ideas, inspiring visuals or other creative campaigns,” adding that the top 10 company pages will be selected based on number of mentions on Twitter and LinkedIn.

SOURCE: https://brandspurng.com/nominations-are-open-for-the-best-linkedin-company-pages-of-2017/

Average price paid by consumers for automotive gas oil (diesel) decreased by 2.72% month-on-month and increased by 14.73% year-on-year to N210.42 in June 2017 from N216.30 in May 2017.


States with the highest average price of diesel were Kwara (N235.56) Adamawa (N227.50) and Niger (N230.00)
States with the lowest average price of diesel were Osun (N192.50), Delta (N191.25) and Anambra (N184.17).

Average price paid by consumers for premium motor spirit (petrol) increased by 1.2% year-on-year and decreased by -0.3% month-on-month to N150.3 in June 2017 from N150.7 in May 2017.

States with the highest average price of premium motor spirit (petrol) were Yobe (N168), Gombe (N167.50) & Adamawa (162.50).

States with the lowest average price of premium motor spirit (petrol) were Abuja, Edo, Ekiti, ,Ogun, and Osun (N145), Ondo & Kano (N145.3) and Kwara & Oyo (N145.5). 

Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by 9.43% month-on-month and increased by 12.9% year-on-year to N2,215.96 in June 2017 from N2,446.57 in May 2017

States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kebbi and Yobe (N2,400.00), Zamfara (N2,399.18) & Adamawa (2,390.00).

States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna, and Niger (N2,000), Kogi (N2,005.00) and Oyo oN2,033.33).

Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by 9.74% month-on-month and increased by 9.37% year-on-year to N4,474.91 in June 2017 from N4,957.88 in May 2017.

States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Gombe (N5,000), Adamawa (N4,900) & Taraba (4,850.11).

States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo (N4,118.75), Kaduna (N4,166.67) and Kano (N4,200). 

Average price per litre paid by consumers for National Household Kerosene decreased by 5.28% month-on-month and increased by 20.96% year-on-year to N287.27 in June 2017 from N303.29 in May 2017.

States with the highest average price per litre of kerosene were Taraba (N360.61), Cross River (N321.30) & Plateau (316.67).

States with the lowest average price per litre of kerosene were Adamawa (N225), Sokoto (N229.17) and Oyo (N247.50).

Similarly, average price per gallon paid by consumers for National Household Kerosene decreased by 4.02% month-on-month and increased by 37.38% year-on-year to N995.07 in June 2017 from N1,036.71 in May 2017

States with the highest average price per gallon of kerosene were Adamawa (N1,128.57), Borno (N1,165) & Niger (1,144.44).

States with the lowest average price per litre of kerosene were Akwa Ibom (N884.17), Abia (N877.50) and Abuja (N780.00).

click below to download full report of the aforementioned

https://brandspurng.com/average-prices-of-pms-ago-hhk-and-cooking-gas-price-watch-june-2017/

Happy Birthday Oga Seun, LLNP.. thank you for moving most of my topics to FP.

and to all the Mods out there. Thank you all i appreciate.

lalasticlala
Mynd44
Seun
Fynestboi
Obinoscopy
ishilove
adewasco2k
Slyr0x
Ben13
Danilluv
Marpol
Semid4lyf

was xpectn smtin big

ok

Saw a movie by dem over d weekend

Warrisdis

hmmm.

9mobile Tiwan tiwa

space book ko, booked space ni
Im buying the whole Land.

Tokunbo

issokay

Let’s have a quick look at bullet points from the US Report as presented by Stanford University economist, Tony Seba. The report was innocuously titled: Rethinking Transportation 2020 – 2030.


There would be no more petrol or diesel vehicles sold anywhere in the world within eight years. The entire market for transportation will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we know it •People will stop driving altogether. They will switch en-masse to self-drive electric vehicles (EVs) that are 10 times cheaper to run than fossil-based cars, with a near zero marginal cost of fuel and an expected lifespan of 1 million miles (1.6 million km)

Only nostalgics will cling to the old habit of car ownership. The rest will adapt to vehicles on demand. It will become harder to find a petrol station, spares, or anybody to fix the 2000 moving parts that bedevil the internal combustion engine. Dealers will disappear by 2024.

Cities will ban human drivers once the data confirms how dangerous they can be behind a wheel. There will be a “mass stranding of existing vehicles”. The value of second-hard cars will plunge. You will have to pay to dispose of your old vehicle.

It is a twin “death spiral” for big oil and big autos, with ugly implications for some big companies on the London Stock Exchange unless they adapt in time.

The long-term price of crude will fall to $US25 a barrel. Most forms of shale and deep-water drilling will no longer be viable. Assets will be stranded. Scotland will forfeit any North Sea bonanza. Russia, Saudi Arabia, Nigeria, and Venezuela will be in trouble.

It is an existential threat to Ford, General Motors, and the German car industry. They will face a choice between manufacturing EVs in a brutal low-profit market, or reinventing themselves as self-drive service companies, variants of Uber and Lyft.

They are in the wrong business. The next generation of cars will be “computers on wheels”. Google, Apple, and Foxconn have the disruptive edge, and are going in for the kill. Silicon Valley is where the auto action is, not Detroit, Wolfsburg, or Toyota City.

The “tipping point” will arrive over the next two to three years as EV battery ranges surpass 200 miles and electric car prices in the US drop to $US30,000 ($40,600). By 2022, the low-end models will be down to $US20, 000. After that, the avalanche will sweep all before it.

These were a few of Professor Seba’s predictions – the ones most relevant to us, Nigerians as a nation.

After reading this “blood curdling” information from the US media, I switched over to online Nigerian Newspapers as is part of my daily morning routine. And believe me, what I read there was very comforting, uplifting and even comedic – I found myself smiling.

I read stuff like: It’s Either Biafra or Death – Nnamdi Kanu, Our Grouse with the Igbo – Ango Abdullahi, Niger Delta Youths Threaten the North, Don’t Include us in Your Biafra – Niger Delta Spits Fire, True Costs of Presidential Jet Parked in UK for President Buhari, Federal Government says “NO” to Restructuring, with prominent names like El-Rufai, President Buhari, Bukola Saraki and Tinubu springing up – and I was immediately relieved. I’d been transported in time and space to the world I am used to.

I went to the comments section – that beautiful, entertaining space under every Nigerian newspaper where all the prejudiced, bigoted, short-sighted, jobless and empty-headed Nigerians meet to trade ethnic/tribal insults – the online warriors, shooting bullets and throwing atomic bombs at each other. The Igbo man was shooting down the Yoruba man, the Yoruba man was responding in kind with his own insults, the Hausa man and the Niger Deltans were not left out – sporadic shooting everywhere. It was the Biafran war again, only the online version; fought not with guns, bullets and fighter jets, but with an MTN subscription and an android phone, from the comforts of their living rooms, probably watching DSTV and consuming lumps of eba the size of a child’s head.

Not one word was said about the energy crises, nothing was spoken about the imminence of self-driven electric cars that was going to disrupt our lives, and phase out a significant part of our national income and budget – forever! Nobody was talking about the Jack Ma prediction, that Artificial Intelligence was also about to create unprecedented unemployment in millions, forcing almost everybody to learn new skills to be relevant. Nobody. Nobody was asking questions like, “if indeed electric cars emerge to phase out petrol operated cars as expected, would Nigeria be able to cope, given the current epileptic condition of our power supply?”

Nobody was talking about the impact or adaptive strategies, or how we can race to recover lost time and perhaps save the futures of our children. Nobody, not one newspaper or media house raised the issue – and why would they? If they did, probably the comments section would be empty as the online warriors would not be able to comprehend things of such magnitude, let alone comment on them.

Those agitating for a referendum/restructuring and those against mostly take their positions based on their perception of the flow of oil resources – but what if there was no oil? Does Nigeria have an economic blueprint to survive without oil?

The first year of President Buhari’s regime saw over 4.6 million Nigerians lose their jobs and the nation plunge into a recession worse than any that has been seen in the last two decades – that story began with the gradual fall of oil prices to about $40 per barrel. Our income per capita contracted between 2014 and 2016, our government talks about loans to fund the smallest expenditures. When oil reaches the predicted price of $25 dollars – if we are still together – I wonder what our numerous online warriors, ethnic in all shades and colourations will do.

Restructuring – that heavy word – would be forced upon us. And I’ll tell you why. Our 36 states, a good number of which are not viable economic entities would be forced to depend on the overburdened centre for sustenance. The centre, without the benefits of oil revenues will say, “Please take care of yourselves!” It would be forced to devolve powers and autonomy to these regions to generate and control their incomes, as well as collapse/merge several states. No more oil resources to “corner” from any region, no more oil revenues to move to Swiss accounts. Restructuring by necessity.

What we need right now is to come together – irrespective of tribe, ethnic or religious background – and figure out how to solve the problem that’s ahead. We cannot, like ostriches, bury our heads in the sands, or think that we can wish away the changes that are happening globally. No, we also would have to adapt or die.

I want every Nigerian between the ages of 18 – 40 to realise that if electricity alone is stabilised in Nigeria, the trickle down economic benefits would touch every youth in Nigeria – irrespective of tribe, ethnic or religious background. Costs of goods will fall, new firms and indeed whole industries would be born, employment would be created, entrepreneurship will be boosted, our GDP will rise and our per capita income and standards of living will begin to mount.

I can positively say that this alone would be 10 to 20 times more beneficial to every ethnic ground than secession or referendum would bring to any ethnic group – ten to twenty times.

SOURCE : https://brandspurng.com/petrol-cars-will-vanish-globally-in-8-years-2025/