₦airaland Forum

Houseontherock1:
While you may argue that it comes from a recent U.S. Executive order that scrapped the duty-free exemption for lower-value shipments, and NIPOST is simply implementing it, applying a flat $80 fee hits ordinary Nigerians and small businesses the hardest. $80 charge on every US-bound parcel ls excessive.
It raises questions of fairness and proportionality. Why should someone sending a package worth $30 still pay $80 in “prepaid duty”? Policies like this stifle trade, discourage diaspora connections, and worsen inequality.
Global compliance is one thing, but punishing low-value senders is another. At the very least, there should be a tiered or value-based system instead of this blanket charge. I still say they are trying to make money off Nigerians on every opportunity and have no mercy for ordinary Nigerians

The question you should ask is,"who does all the $80 go to?"

If it all goes to the US government, then it's all good. If not, then why?

CoronaVirusPro:
The US should just submit to China

BYD just nailed Tesla and now ByteDance started nailing Meta

….and guaranteed they will still nail the US in AI

Submit ke?

The US is eons ahead of China. I doubt China's GDP will reach that of the US in 20 years time. The Chinese economy is currently in trouble.

The girl's hands aren't clean.

By turning thos into a gender war issue, it's obvious she's trying to gaslight.

Who ever posted this online too was wrong.

omoredia:
This is how it is to be done: Every creditor shall cancel any loan they have made to a fellow Israelite. They shall not require payment from anyone among their own people, because the LORD’s time for canceling debts has been proclaimed.

Deut 15: 2

Debt cancellation was only compulsory during the Jubilee year which came once every 7 years.

In addition, today, Christians are not under the Mosaic Law, which God gave the Israelites in the wilderness, which was to be their guide until Christianity was formed.

Christians, however, can use it to see God's view regarding debt.

SmartPolician:
There's nothing special about what she did.

People from the South have been breaking such records without getting a dime. Go through Nairaland and see tons of threads about students who won competitions without getting anything.

Now that a Northerner did it, their people started writing articles up and down demanding that the girl be appreciated for doing well in an ordinary English contest. That's because this government has been recognizing and rewarding sportspeople.

What honour does winning an English contest bring to Nigeria again? Did she discover the cure for HIV/AIDS or the solution to climate change? If you have a major scientific breakthrough, NLNG normally gives them $100k in a contest. Novelists get the same amount too.

You are the one making it a tribal issues. I am certain .majority of the critics aren't even Northerners.

The girl should have been given at least 10m.

It is when Peter Obi dashes her 5m is then you'll realise that the amount is puny.

If the money was insufficient, she should have returned it.

It is as simple as that.

Stealing is stealing.

OnionBandit:
The age of adulthood should be globally reassessed and set to 10. i think it's high time., we now have so many creeemeenals hiding under "underage" to commit heinous crimes.

For a man, if you can have a proper erection, you should be considered an adult. For a woman, the moment you start to see your menses and you have full blown balloons, you should be called an adult

End of discussion

The high crime rate Sweden suffers from is down to underaged criminals. They are usually underpunished by sending them to a juvenile prison which would shame some 3 star hotels in Nigeria. It is a pat on the wrist.

LegendHero:
Below are the six Nigerian founders that made the list.

—Calendly - Tope Awotona

—Flutterwave - Olugbenga Agboola & Iyin Aboyeji

— Cityhealth Block - Toyin Ajayi

—GIP - Adebayo Ogunlesi

—Esusu - Abey Wemimo

Isn't Flutterwave a Nigerian company? Correct me if I am wrong.

This is very sad.

Now, the man may face the loss of his children. They have no right to take them from him, and he should take them to court where they would lose.

I am not saying there were no electoral malpractices but I strongly believe that the presidential election results reflect the will of the people.

I don't believe eletoral malpractices are capable of tilting the results to favor any candidate.

Atiku and Obi both knew they lost the last election if the latter decides to stop deceiving his fans.

Tinubu won because he went for a Muslim Muslim ticket. Had he gone for a Muslim Christian ticket, he'd not only have lost the Northern Muslim votes, but those votes would have gone to Atiku who would have had a phenomenal victory.

blacksam01:
Due to the facts it's my huzling period, and every one naira matters alot..I am in mid 30's

I am frugal with my resources and it makes me trek alot.. infact I cover 2km in trekking daily...

Not typically going on long journeys, but my combined daily short short trek is about 2k..

Should I be worried for my old age..?

Good man! You're doing well!

It is even recommended a person walks at least 10,000 steps a day or more daily. Download a step app today to count your steps.

You're on the right track. Your old age would bless you. It may even free you of a walking stick until you're 105 or 140.

The entire family are thieves. Their dictator dad owns the country and he had his heir apparent treat it as their personal ATM.

FatherLord:
What of Eko Atlantic city that they have all shared and allocated to themselves ? Is that one revoked too ? So that we can have our Bar beach back like back in the days

Eko Atlantic City was primarily created to end the ocean surges that kept slamming Victoria Island.

The Bar Beach had to go to restore some sanity.

OfoIgbo:
Hausa did not vote for Obi in 2023, yet Obi won.

Tinubu is the one that needs Hausa votes, unfortunately for him, Hausas will not vote for him in 2027

If I remember clearly, Obi came third. Atiku even did better than him.

It is a disgrace that cattle herders can send half a million people into IDP camps. This is just abominable.

These guys can easily be dealt with.

I suspect the government is waiting till its second term to show them pepper.

bixton:
I am not one who solves problems by creating bigger problems to impoverish the people and turn back and blame the people for the problems not caused by them.

The foundation of true progress is in standing on the truth and working through and not half truths and web of lies intertwined to deceive the gullible.


You have not responded to my question.

Why is the minimum wage not a cost reflective or market reflective of the present day economy as created by the government?

In developing countries, expecting wages to be cost reflective is unrealistic. Countries that have tried such have massive unemployment rates. The private sector can't afford to pay those wages. Wages need to be market reflective, dictated by demand and supply or else, you'll have high unemployment.

For instance, if you force all employers to pay the minimum wage in Nigeria, you'll have massive unemployment as they would lay off staff enmasse. Most employers can't afford to pay it. Thankfully, it is only applicable to those employing more than 30 workers. Even at that, if it was enforced, there'd be an increase in unemployment as many companies employing more than 30 workers are paying below the minimum wage.

Wages to be market reflective. Countries that have set wages above market rates suffer from higher unemployment rates than countries where wages are more market reflective.

That is why migrants are desperate to reach the UK. France is much higher than then UK due to its quite high minimum wage which discourages job creation for those at the bottom. UK's minimum rate is more market reflective. Margaret Thatcher was a strong believer in the free market, and made the labor market flexible making it much easier for the country to produce jobs than many European countries like Italy or Sweden. Most people assume these rich countries have full employment. Many don't, and most often due to high minimum wages.

South Africa's unemployment rate is a shocking 33%, and this is down to high minimum wage and rigid labor laws.

Economics is over 300 years old. All what you're saying or want must have one time or the other been applied.

If Communist countries, they applied what you want. Products were fixed at prices people could afford. All goods were subsidized.

Did it work? Well, just like you have petrol shortages during the subsidy period, there were shortages of goods all the time. People had to queue for food quite often. In the Soviet Union, you had to wait 7 years to buy a car. In East Germany, it was 20 years.

I was in secondary school when the Berlin wall came down. My Maths teacher in my final year in that school was an East German woman married to a Nigerian. I read East German newspapers which were just propaganda tools.

TimeManager:
Much as the electricity law has come to stay, the Governors are still slow to fully executing it. Much of what they are doing is largely implementing the distribution segment while they have shown less interest in the generation segment, partly because it is capital intensive. We don't really expect them to do it all by themselves, the law empowers them to attract private investors as parrners which makes it much easier. But as we speak, they rather the FG bears the burden of generating and transmitting while they only distribute in their states. However, to whom much is given, much is expected, Governors should be doing better.

-Kiss the truth!

Once everyone is on Band A, financing from the private sector shouldn't be a problem. It shouldn't be the business of the states to generate power.

Why didn't their patience run thin when Buhari was in office?

OfoIgbo:
A few days ago, Abure's faction has already adopted Obi as their 2027 presidential candidate. I am sure Nenadi Usman's faction will also elect Obi in their primaries. So LP is already in the bag for Obi.

If Obi additionally gets the PDP nod, he will beat Tinubu silly in 2027.

Hausa will not vote Igbo. That is a big issue for Obi.

bixton:
The economic terms you are using is it also cost reflective or market reflective on the minimum wage of the average civil servant?


I don't believe in lots of what you have written up there for they are just the nations way for economic self sabotage.

The neighbouring countries where light is constant pay a cost reflective price for it. Ask people who have lived in those places.

Not believing in what I have written does not mean I'm wrong. I have seem first hand what the petrol and electricity subsidies have done to the economy. You are free to live in denial as though you don't live in the country.

When I was in secondary, I hated "proofs" in maths. As I grew older, I knew why you needed "proofs", why one had to defend one's prohect. Simply believing in what you believe does not mean it is right.

We may not like the reality but it is the best foundation for true progress to start.

bixton:
It is this no sense educated illiterate analogy of price of fuel to power home appliances and rate of power from power companies that is been sold to everyone who picks rubbish for knowledge.


Those persons who always compare the price of utility in the USA/Europe as against Nigeria, do they have the same standard of living and livelihood?

Do we know anyone in those foreign countries who can't afford such in well developed cities or suburbs as we have in Nigeria?

The Nigeria of the '80s even looks better than what we have now...!!!!

So, because you earn 30k a month, Mama Bisi should sell a plate of rice with 2 pieces of meat for N200? Emotions and economics don't match well.

Prices must be cost reflective or better market-reflective. I am using economic terms to buttress myself.

If prices are cost reflective, you encourage investment as investors know they will make a profit. If the prices are subsidized, that is, sold below the cost of producing it, it discourages investment. Today, because of subsidized electricity, the government is owing Gencos 4trn if I'm correct. What business thrives under such a condition? Who would want to invest under such a condition?

Which one would you prefer, pay cost reflective price for power and get 30,000mw of power in 10 years, or charge subsidized price and 10,000mw?

Subsidies impoverish. Cost reflective prices enriches.

Subsidies apart from discouraging investment, also adversely affect budgets. Since subsidies are an expense, governments spend to sustain them. And when the governments don't have money to fund them, they borrow.

When Buhari took office in 2015, the federal government was spending 26% of its revenue on debt servicing. By the time he was leaving in 2023, it was 97%! The government had borrowed massively to subsidize both petrol and forex. That was why all 3 leading presidential candidates said they were doing away with the petrol subsidy.

If the fuel subsidies had ended since 1985, by 1999, the country would have been refining 2mbpd. It would have led to an investment boom in refining capacity. Nobody will build a refinery where the end product is sold below the cost of production.

If OBJ had successfully removed subsidies in early 2000s, the country by now would be refining about 2mbpd. The economy would have also been much larger today, and the Naira would probably be around $1-N500, rather than $1-N1,500.

Note that the larger your budget deficit as a percentage of GDP, the more likely your currency will depreciate, and the higher your inflation rate.

Apcshit:
That money is still very small.They should be given 500k at least

Where will the 500k come from?

oyeb15:
Only Nigeria and Eswatin should be on the list. The opp is very local.
Brothers in Bangladesh are building mansions at home.

Before going to any Arab countries,learn how to bake. (Baker) You will find job asap.

Egypt and Philippines are d only racist countries on d list. They hate blacks. But these countries are very beautiful. If u ever had a stop over in Egypt enrote Dubai, it's d most beautiful country in Africa.

People who have stayed in Egypt say the opposite. The place wowo plenty.

sulaak:
Exporting raw material is the reason why Nigeria is poor today. If you process and refine lithium, you develop new capabilities in battery production.

Nigeria needs to focus on it metal industry - lithium, Gold, iron/steel and Bauxite/Aluminium and hydrocarbon industry

Nigeria isn't poor today because it simply exports raw materials. Most of Chile's exports are in the raw form and it's become a wealthy country today. Most of Canadas and Australia's commodities exports to China are in their raw form.

South Africa, Africa's largest exporter of non-oil minerals ships most out in their raw state or with little value added. It isn't even a centre for jewelry or cut diamonds.

I don't know why Ras Kimono's "Under Pressure" kept coming to my mind.

I'll be honest, I don't support the ban on exporting of raw lithium.

Juicy ncentives should be provided to those who choose to process it locally.

I am a firm believer in the free market.

Band A electricity to me is cheap.

Cheap Band D on the other hand is expensive.

When you're spending 5k daily on fueling your generator which may not even carry your fridge, you'll understand.

Just ask businesses or hones facing this nightmare.

Scarrr:
oga why Okocha mentioned in the paper and likes of Kanu no go broke? Why are they still billionaires?.... stop defending nonsense...#193m yearly in 1999, I guess u be genz tho,not to know how huge that was in 99..evn now more than 70% of Nigerians won't make up to #50m in their entire life time, and u here creating nonsense excuses for someone that earned 193m yearly, excluding bonuses and money earned from brands in 99😱

My dad in 1997 sold his land in Dideolu estate in Ogba then for 1.7m. Today, that land is worth 150m.

In 1999 if I'm correct, land in Lekki Phase 1 was 2m. Today, an average plot there is 1bn. One could get plots of land in Sangotedo in 2003 for 450k per plot. Land there is now at least 40m.

In Ikate in 1999, land in Ikate was around 200k some claim. Today, it is 300m.

I would advise footballers to live on 20% of their post tax income. So, if a player is earning $50,000 a week, after tax, he might be left with $20,000.

Live on 20% of that which is $4,000. If you think it's small, increase it to 30%, or $6,000 a week. Save 10% which is $2,000 a week. The remainder which is 60% or $12,000, invest it into businesses that have a 90% or higher success rate such as property.

Even if one decides to build block of flats in Lagos with the money, that's about N1bn a year of property. Over 10 years, that's 10bn. The income from that a year would be around 400m as rent which is $250k a year, or about $5,000 a week. This is a worst case scenario.

Also, building property to rent out in Nigeria is probably the least profitable way to money in real estate.

There are relatively safe way out there to invest ones money.

GEJ can not win. The best he'll do is to divide the opposition.

koladata:
she can only be prime minister if they do not have option or if there's no better alternative

In the parliamentary system they practice, they vote for the party and not the person. She is now the head of the Conservatives. If her party wins, she becomes prime minister. The issue of option doesn't come in again.

The only option is if Labour party wins the next election.