₦airaland Forum

Tharmon:
I work as a sales boy in a shop were curtain accessories are sold and in this line of business some customers tend to owe not because they don't have but because they don't want to.

So there is this man that I know and he owes other people too, he should be in his forties and I'm 21, so he bought goods from my shop today worth #60k and told me he will pay me once he gets back from were he wants to use the items he bought so he decided to drop his phone because I didn't allow him to carry my goods without paying. so this evening when he arrived he was sweating and complaining that the customer has not paid blah blah blah..as usual of them

He couldn't even pay up the person that went to work with him complete. He tried explaining to me sweating and all that that what is left in his account is #35k which he paid to me but I didn't allow him to go with his phone, I turned deaf ears to his ranting and assured him he is not leaving there with his phone without paying the remaining balance of #25k. He had no other choice than to leave without his phone and now am worried if I have done something wrong .

Was I wrong to keep his phone? What would have been the right action I would have taken because I'm feeling very bad now like what will he tell his wife about his phone.

Don't release the phone to him. It was an agreement he made.

I have seen a lot in this life. I celebrated the Millenium

ibabz:
Everything is wrong with it. Do you know how many taxes this government is imposing on the citizens? Even bank transaction fees alone is killing.

The new tax bill coming into effect actually reduces the number of taxes.

What has gone up is the revenue collection.

This is partially due to a weakened Naira, but also to much improved collection rates.

The government needs revenue, lots of it. Even with increased revenues, there is still a massive budget deficit. The country isn't out of the woods.

Kukutente23:
What does the govt need more money for when they've already made their revenue in August four months ahead of schedule
At this rate we're running a surplus budget this year. What do they need extra revenue for

Even if they met their target for this year, they were still to make a huge budget deficit.

When Buhari assumed office in 2015, 26% of government revenue was devoted to debt servicing. By the time he left office, 97% of it was going towards servicing debt. Buhari had run the economy aground over 8 years and bankrupted it.

With the vast improvement in government revenue, less than 50% is not spent on debt servicing, and at this rate, it should hit 20% in about 3 years time.

The country needs as much revenue as it can get. It is essential for an economy, especially one like Nigeria's rising out of a tattered economy, to be in a strong fiscal position. For decades, over 70% of government revenue was from crude oil. Any time, crude oil prices went down, government finances were in ruins. With a massive improvement in non-oil revenues, the country's over reliance on oil for government financing is gradually coming to an end. It would even be great if revenues can double by 2027.

The tax on petroleum product will only take effect in 2026 when the next tax act comes into effect.

I fully support him.

It is a red flag. She should see his sister as hers.

Starz825:
Wetin concern me for the price you have to pay

You know the price I dey pay everyday as a Nigerian

Woo...make everybody dey their dey abeg...

Nigerians no go finish me o.

18 more characters needed

Racoon:
A president told the world that his country is poor while he is spending recklessly to live a life of opulence. Meanwhile, most African leaders are going cap-in-hand to continually beg for foreign aids as these wasters are never intuitive or reasoning on how to be innovative with their brains.

Imagine China, France and Russia calling African countries to themselves and tying with constricting economic policies that is mortgaging their home countries. So sad!

Which constricting policies exactly have china and Russia forced upon African countries?

Complete absolute waste of money.

Well, it's their money

Psalmistproject:
80% the people in eko are spiritually manipulated 24/7 the state is not for the weak.

I think this happened in Benue State

Talkisneeded:
Hmmm,let’s it gain more traction so we can have proper information…

You said no one will have her,and you think killing her is the right thing…
I no believe

You have psychos outside o!

Nevertheless, nothing justifies what he did whether she abort hin pikin, slap hin mama, chop his yahoo wey he tell am make she collect from maga etc.

Well, the last one dey one kind sha. Nevertheless, it went too far!

SmartPolician:
Tax is the only way Tinubu knows how to generate money. That man has nothing in his head.

How else will he raise revenue, or sufficient revenues?

I find nothing wrong with it but the timing.

This will cost Tinubu votes, lots of votes if the opposition pounce on it.

The money would yield tge government about 600bn a year

From a snail farm from a plot of land in cages, how many snails can one expect to produce in a year?

Esthered:
The problem is that anything goes in this country.
Nothing will happen las las.

Nothing but Sujimoto's credibility has been ruined. I dey fear this man now

AndroBlaze:
Read between the lines.

He admitted on the video that from DAY ONE, the cost the government wanted him to build the schools at did not make sense, and the government apparently accepted this.

Which suggests even if not for inflation, he would have definitely had to cut corners to deliver.

What you people don't know is that this is standard practice for a lot of government projects and that is why a lot of them don't last or contractors abandon the projects halfway (if it even gets to halfway).

Most government officials don't go after a lot of these contractors because they've already collected their own part even before the project begins.

I was not there when he did his project (so I can't say if his own followed the exact same tune), but this is no news nor a major earth shattering discovery, everyone in their circle knows these things.

Why I just want to give Sujimoto the benefit of the doubt is that I doubt he would like to be linked to a substandard project.

He might have felt he could have finished a standard project at just breakeven point or just below. It won't be to his immaculate standards but good enough quality. He would be very stupid to be identified with a substandard project that could damage his posh brand.

He will learn a hard lesson. If Sujimoto is smart, he could also make the governor look very bad. As you put it, he seemed to have taken advantage of Suji's naivety.

I have learnt a lesson in life: keep away from things you know little about.

He should have stuck to the private sector. He should steer clear of anything government.

I think Suji was simply taken advantage of. He s

Esthered:
Taaarh! 🤣🤣🤣
People that bought his CPs, how market?

The time you used in trying to garner public sympathy, you'd been at EFCC to clear the name.

People here have argued this isn't an issue for the EFCC

It is an abuse of power.

There are procedures to follow where there's a supposed breach of contract.

SeeWahala:
Oga stop crying crocodile tears for us here and go to submit your yoro scamming arzze at EFCC headquarters immediately before we the masses vex

Many here are saying it's not a criminal issue.

Things should be handled properly.

AndroBlaze:
Sometimes I believe we get the kind of people we deserve in Nigeria.

How can a professional accept a contract to build substandard buildings as SCHOOLS, and be openly saying it, and because he is shedding tears in the video, Nigerians will start supporting him.

If the buildings collapse, just like Lekki Gardens own did, and innocent children from poor and average families now die, people will be calling out government, Tinubu is wicked, Mbah is wicked... conveniently forgetting their was a contractor who knew he could not meet standards that took the job in the first place!!

Could this grown man who is already wealthy (thanks to Nigeria being a basket case) not just say No and move on??

Is it every contract that we must take in this country?

Anyway, he has shed tears now so it cannot be his fault.....chai it is good to be an "Elite" in this country ooo, these kind of followers there mumu never do

How do you know the schools that were being. Built were substandard?

Sirjamo:
Story

Just return the Enugu state money immediately
If prices went up, why can't you go to the governor and ask for variation like every other contractors do?

Which money? I believe it was below the cost.

TechSkill:
Maybe after 60days?

Yes it's transferable.

Thanks.

CapitalBank:
Oya take this nau: https://www.hostinger.com/cheap-domain-names

Thanks so much for this.

Can one transfer them to another register?

After the Brazilian government collects inheritance taxes, he should still be left with about 60% or more of the figure.

Not bad at all.

franchasofficia:
it's all about politics.


Nigerian people's purchasing power is dying everyday. Nigerians now buy mostly what they need to survive like basic food, etc, and those that use to patronize ShopRite and other big shopping malls now go back to traditional markets due to harsh economy.


Nigeria's Middleclass population that made ShopRite and other big shopping malls and outlets to boom are almost gone; most lost their jobs, relocated to remote areas, some migrated abroad, many got kidnapped, so Nigeria currently have very insignificant Middleclass population all thanks to Bola Tinubu's thoughtless and insensitive economic policies that created more poor people than rich people in Nigeria.


So tell me how is not politics?

What thoughtless and insensitive policies of Tinubu are you complaining about?

When Buhari was destroying the economy from June 2015 was when you should have been screaming. Soludo, Lamido Sanusi and other economists had already seen the handwriting on the wall.

OBJ pleaded with Buhari not to seek re-election.in order to prevent where we are today.

When Buhari took office, 26% of government revenue was spent on debt servicing. By the time he left office, it was 97%. Imagine your salary is 100k, and you're left with 3k after servicing debt. Bubari had gone on an unsustainable borrowing spree in order to remain popular and because he was an stonewalled economicilliterate.

The net foreign reserves had only $4bn when Tinubu took office and the CBN was owing purchasers of forex $7bn. The net foreign reserves reserves refers to thecactual fx in the foreign reserves the central bank actually has access to and not the gross figure.

For context, $4bn isn't enough to cover 1 month worth of imports. A country is to have at least 4 months worth of imports cover. That's how bad it was, and to make it even worse, it was owing buyers $7bn. The severe fx scarcity led to the exit of Shoprite, GSK and other foreign companies out of Nigeria.

Soludo and Okonjo-Iweala have praised the reforms. Cardoso won the central bank award for Africa.

The net foreign reserves have grown $4bn to $40bn today, able to cover 8 months of imports.

Debt servicing now consumes less than 50% of government revenue and the sum keeps reducing. The economy is finally on the road to recovery after 8 disastrous years under Buhari.

It will take time to trickle down. It took Thailand 5 years to recover from the 1997 financial crisis. It took 6 Indonesia 6 years. The more debilitating an illness, the longer the recovery.

2cribz:
Yea quite true.
I visited asaba and I met good roads.
Neat places
Big cars
Big houses
Big hotels
Big lounge
Clean clean clean.
Come on lagos Is a slum.
Real slum

Thanks for calling a city that has given millions of people from all tribes an opportunity to make it in life a slum.

princeade86:
They need to make dangote pay well for all this, maybe he will be training his drivers well and employ real drivers.

My friend bought 3 trailers in 2010 or so for 19.5m.

He gave them to a company that would be giving him 600k a month for each, totaling 1.8m a month. That's about $11,000 then, or 16m in today's money.

2 were involved in serious accidents and were immediate writeoffs. The third was sold off at a loss.

Lorry business isn't for the fainthearted.

ADAMUdaCOWBOY:
Great! Can't wait to watch oooooooooooooooooooooo!

You're cheating the algorithm. Very very sharp guy

helinues:
Estranged daughter. That's what too much of freedom can cause to teenagers.

Jackie Chan is also going through same experience

Jackie Chan did not have time for his kids. He thought he could use money to compensate but the first boy became spoilt.

As a parent, you have to be there for your kids. To start punishing when you failed to.train them is hypocritical.

I don't even know the guy.

"The highway is nor a race track. Remember those people you left behind.....," as the popular radio jingle of bay in the day used to sing

Who remembers the remainder?

isyourboy:
I’m not the begging type as I have a lot of things going on for myself. My sister joined her husband in Canada last year courtesy of her husband. Outside of the little 50k, 100k there that this man used to send to me (I don’t know how much he gives my parent — In law, by the way ), he’s never thought of establishing me in business or find a way for me to join my sister in Canada.

Even most times you have to remind him before he send the pittance he sent to me. Last week, I told him to find a way for me to join my sister in Canada, and he said he’s still paying for the debt he took for my sister to join him and he want to send her to school also. Meanwhile I didn’t know this. Okay then I can wait. After then I told him to find me a bulk sum so I can start some business. He asked how much and I said 5M naira would be enough, he cut the phone, called him back and send him msg on WhatsApp which he read and didn’t reply. I called my sister and told her what her husband did and she said she will talk to him.

You have been in Canada for a while and little things to give back to the family is difficult for you? Not his fault

Do you think you're the only one asking him for money? There are 10-100 of you. That's the tragedy of generous people.

Oga, how much do you think his salary is? Do you know rent in Canada is very expensive? It is a complaint of most Canadians. Too many immigrants have come too fast that they have a housing shortage in many cities, Many immigrants in Canada are struggling. Many don't have $1,000 saved up. Shame won't make them tell you or return home.

Jobs are getting scarcer due to the trade war with the US.

kernniejay:
There are more blacks in France than in any other European country.

Tunisian are Arabized barbers and not blacks.

BeautifulCloud:
Why did Europe invade and causing unrest and strive in their country?
Think about it, Europe brought it on themselves

France has left these countries about 60 years ago.

At this stage, they are responsible for where they are and not France.