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|Health / COVID-19 Outbreak And The Transportation Industry by Hedriz(m): 9:53am On Jun 01, 2020|
COVID-19 Outbreak and the Transportation Industry – Effects, Challenges and Prospects
Quite topical is the theme of this essay, at a time when Nigeria and the rest of the world grapple with hydra-headed challenges, occasioned by the novel Coronavirus Disease 2019 (COVID-19). The COVID-19 pandemic has posed grave danger to the global economy, with experts positing that the pandemic has instigated an economic downturn, the likes of which the world has not experienced since the Great Depression of 1929. Precipitated by this health emergency, the International Monetary Fund (IMF), in its April, 2020, World Economic Outlook report titled “The Great Lockdown” projected a sharp contraction in global economy by 3% in 2020, a condition that will dwarf what was recorded during the 2008–09 financial crisis.
Unemployment is sky-rocketing, with millions filing for unemployment claims in the United States of America (more than 22 million since President Donald Trump declared a national emergency for COVID-19). And to further worsen the situation for some countries (Nigeria as an example), the recent crash in oil prices (with OPEC basket which fell from $67.93 as of 19 December, 2019 to $12.41 per barrel as of 28 April , 2020, a decline of about 81.73%), amongst other sad economic realities, have all conspired to paint a grim picture about the future of all sectors of the world economy, to which transportation is critically central.
The transportation industries across countries would certainly not be left out in this global meltdown. It might turn out that the industry would be among the “worst hit” sectors, when the dusts are finally settled, considering the fact the industries lubricate the engines of economies. The metaphor of “blood” and “human system” (transportation industry is the former while economy is the latter), perhaps, analogically, conveys this relationship better, presupposing that the importance of transportation cannot in anyway be downplayed. To bring it home, the situation is understandably not different in Nigeria. To lockdown a sector, albeit partial in some sense, whose GDP grew by N13.3 billion between the third and fourth quarter of 2019 from N261.8 billion (Trading Economics, 2020) bode ill for the growth prospect of the country. It would, therefore, not be unexpected to see a sector that has been contributing phenomenally to the nation’s GDP, although with undulating growth trajectories since June 2017, experience a tragic decline in performance. During the pandemic-induced lockdown, we have come to realise just how pivotal it is, to have seamless movements of goods within the country.
No doubt, the citizens require steady and uninterrupted supply of necessaries, special mention of which are – food, medical supplies, emergency goods, amongst others; however, the supply of these necessaries has been largely hindered by restrictions placed on movements (vehicular and human), and this has resulted in a direct negative impact on the Nigerian transportation industry in its entirety. I am not under illusion to know that the pandemic will have far-reaching adverse consequences which are felt in every nook and crannies of the nation. This is because; the private, public, maritime and rail transport were all grounded. Of particular note is that any spike in the number of confirmed cases was always accompanied by a drastic decline in patronage of the offerings of the industry, and thus, resulting to a large fall in revenue for industry players.
There are some other not-too-pronounced harmful effects that the COVID-19 pandemic has had on the transportation industry, one of which is the impairment of assets and equipment. Mechanical devices such as motors and engines were built primarily to operate and thrive in motion. Therefore, any form of inactivity, especially for a long time, might hamper their effectiveness. Looking at the medium to long term, the transportation industry should be prepared for what would seem like a paradigm shift in the ways things operate, especially when you consider the phenomenon of “Work From Home” (WFH) which is fast gaining traction. How effective this will be remains to be seen? As this poser agitates our minds, I will be quick to posit that the transportation industry should brace up for a really tough time in the months ahead.
It is important to identify the major issues that “are posing and would pose” as challenges to the Nigerian transportation industry; coming as an offshoot of the COVID-19 outbreak, and how these challenges could best be handled. We cannot holistically proffer solutions and evaluate prospects without torch-lighting these challenges. The pandemic has brought about in novel challenges for the Nigerian transportation industry to address.
First, there is the need to appreciate the development witnessed in the transportation industry, specifically from year 2016 till date. The sector has witnessed a huge turnaround, specifically in the areas of modernisation of our railway systems and securing our waterways. Further, the repositioning of key agencies by the present Minister, to a large extent, contributed to the successes recorded by the industry in recent times. Although, there are some areas in which more could have been done, and inefficiencies were encountered; however, that cannot be exhausted on this platform.
The pandemic has constituted a huge setback to the progress made in the industry thus far, as stringent measures have been taken towards containing the spread of the virus. Lockdown measures directly affected the transportation sector, thus restricting the movement of people and even goods, with exemptions given to essential items. The shutdown of train operations by the Nigerian Railway Service has affected the revenue generated by the government through that avenue. This development is not too good for a sub-sector that is gradually becoming acknowledged. Road operations have also been barred, especially in Lagos (regarded as the economic hub of Nigeria and even West Africa), Abuja, Ogun and other states – of which it has in some ways, stalled the progress made in the road sub-sector, particularly revenue generated from public transports. Interstate travel ban has further aggravated the problem. Same can be said of the maritime sub-sector, whose operations were largely grounded. No thanks to the COVID-19 outbreak.
PRESCRIPTION AND PROSPECTS
Despite the obvious bottlenecks encountered prior to this time, and the ones occasioned by the COVID-19, bright prospects abound. The pandemic presented a platform to actually discover and unlock a lot of opportunities that would aid the reform and modernization of the sector. Let us be clear - transforming the transportation sector would be an arduous task; however, in the face of so many difficulties, we must find a way forward.
To start with, the pandemic laid credence on the need to adopt Mobility-as-a-Service (MaaS) in the transportation industry. MaaS is a range of ideas that aims to make transportation more efficient and convenient, via end-to-end digital solutions. MaaS integrates all stages of a commuter’s journey, ranging from trip planning, booking, e-tickets, and payments; thus, infusing them into one application. This approach allows for digitalizing the industry with attendants benefits such as reducing congestion, optimizing the maintenance of transport systems, increase in transport data – all of which allows for the modernization of the industry. Closely linked to the MaaS is the Mobility Service Providers (MSPs), which enabled contact-less deliveries, payments and protected rides that guarantee public safety and the continuous movement of people and goods. By so doing, revenue will be generated through official channels and efficiency will be achieved.
Second, the pandemic further exposed the need to restructure and reposition the transportation industry in its entirety. It gave reasons to rethink on how best the industry could contribute to addressing climate change, by reducing congestions across all transportation media. Recent reports have it that the pandemic allowed for an improvement in climatic conditions, due to clean air and decongestions - and this is one area the industry can key into, by adopting initiatives such as the MaaS or MSPs, earlier discussed in this essay. Certainly, modern policies, especially those that are Nigerian-oriented need to be enacted to achieve this, while also not failing to put the industry at an advantage. The industry will, no doubt, be overwhelmed immediately after lockdown is over. The reason is because there will be a rush in business activities and the need to transport people and goods (particularly the ones that have been stocked prior to the outbreak) across geographical boundaries. This will present an opportunity for the industry to rake in huge revenues, which could possibly cover up for the period of inactivity. However, emphasis must be placed on decongestion while exploring that avenue.
In the final analysis, migrating from what is presently obtainable in the transportation industry, to a more improved and modernized system requires taking audacious measures. No doubt, some regulations or policies might seem tough to make and enforce; however, these steps must be taken in the best interest of Nigerians. Interestingly, the pandemic has shown that everyone, with no exception, would be equal when things get out of hand. Hence, it is left for the government and all stakeholders to take cues and lessons from the outbreak and accept that nothing is actually impossible or impracticable, provided we fix our gaze on it.
Thank you for reading.
1 Like 1 Share
|Business / The Need For Business Analytics: Towards Achieving Competitive Advantage by Hedriz(m): 10:32am On Mar 23, 2020|
THE NEED FOR BUSINESS ANALYTICS: TOWARDS ACHIEVING COMPETITIVE ADVANTAGE AND MAKING SMARTER DECISIONS
Lagos State University.
Many years ago, companies had little or no data to work with in order to make business-defining decisions. More troubling was the fact that the companies that had data to analyse were either faced with the challenge of their personnel not having sufficient analytical skills or the company itself not seeing the usefulness of the data. However, as the contemporary business world and the world of work evolved, companies began seeing the need for analytics and how it would impact considerably and significantly on their operations.
"Analytics", for the purpose of this write-up entails the use of data, information technology, quantitative analysis, statistical tools and computer based models, all geared towards making informed decisions. "Business Analytics" on the other hand refers to the use of statistics, visualization, simulation, data, models (computer and mathematical), amidst others to assist business in making informed decisions.
Business Analytics can be viewed from the angle of descriptive, predictive and prescriptive analytics. Descriptive analytics has to do with using an organized set of data to have an adequate understanding of both past and present business performance and to, based on that understanding, make informed decisions. Predictive analytics, as the name implies, involves evaluating historical data, identifying the relationship between these data and using the gleaned results to predict likely future happenings. Prescriptive analytics involves using company data to identify the best alternatives that would help in ensuring optimality.
As apparent as the usefulness of Business Analytics might be, it could become challenging both to an individual and a company when there isn't an adequate understanding of what it entails, or when there is a challenge of insufficient analytical skills and technical know-how, or more commonly, when there's a challenge of adequate data-mining tools. All these are challenges posed when dealing with business analytics. It is, however, incontrovertible that provided these challenges are surmounted, the use of business analytics has its attendant benefits, which include: making faster and well-informed decisions, reducing costs, guaranteeing and optimizing productivity, better risk management, upscaling a firm, higher profitability and lastly, a higher customer satisfaction. All these, among others, are the probable benefits which a company stands to gain when it employs the use of business analytics.
Although, carrying out quality analytics studies could be quite costly, especially for emerging companies, a careful inquiry into the benefits in juxtaposition to the costs of not using analytics would show that the benefits of employing analytics in business far outweighs its cost implications. The results or outcomes deduced from using analytics can be applied to different facets of any company, and this includes - price fixing, understanding market trends and customers' perception, helping to unlock or identify the best location to situate industries, using data to group customers on the basis of location or product or buying behaviour, all classified as segmentation, amongst other applications. It is quite evident that business analytics is a very crucial tool required by successful business owners or companies.
Achieving competitive advantage vis-à-vis embracing analytics and its application is a phenomenon we should consider. In the present business environment, where companies are constantly seeking for means of gaining the competitive edge, embracing the use of business analytics might be the deciding factor in a company's progression towards business prosperity.
Business Analytics tools used in making informed decisions include; data visualization, spreadsheets, statistical methods, data mining, simulation, what-if analysis, optimization, etc. A combination of these tools, if properly utilized and professionally done would put any business on a major pedestal toward attaining excellence and success in its operations and dealings. This would undoubtedly lead to a competitive advantage, in the sense that while company A primarily makes decisions based on personal discretion and intuition, a subjective process which could prove disastrous, company B on the other hand makes decisions based on carefully analysed company or market data, thereby drastically increasing the chances of profitability, efficiency and effectiveness.
Effective use of data and its ability to put any company ahead of its contemporaries in the industry cannot be overemphasized. Making reference to a statement made by McKinsey Global Institute in 2011, the release posited that "the effective use of big data has the potential to transform economies delivering a new wave of productivity growth and consumer surplus. Using big data will become a key basis of competition for existing companies, and will create new competitors who are able to exhaust employees that have the critical skills for a big data world." This statement proves just how much data utilization would serve as the tie-breaker between a company and its contemporaries. Hence, there is no gainsaying the fact that embracing business analytics and adopting it in business operations would help in achieving a competitive advantage for any company that will put such company in the right stead for sustained growth and development.
The crux of business analytics lies in the ability of firms or companies to make informed and smarter decisions, which would culminate in reduced operational costs, risk management, enhanced productivity and identification of the best alternatives to maximize business objectives.
Thank you for reading.
|Celebrities / Re: 'OMOBA TI DE!!!'- Davido Declares As He Welcomes Baby Born With Chioma (video) by Hedriz(m): 10:27am On Oct 20, 2019|
BADDEST, congratulations Davido
|Celebrities / Re: Dele Momodu Reacts As Davido And Chioma Welcome A Son - Picture by Hedriz(m): 10:26am On Oct 20, 2019|
obo wey sabi... 3 gbosa for you jae.. wizkid fans here wanna cry
9 Likes 3 Shares
|Business / Enhancing Confidence In Nigeria For Nation Building: Towards Economic Success. by Hedriz(m): 7:14am On Oct 05, 2019|
Enhancing Confidence in Nigeria for Nation Building: Towards Economic Success and Improved Quality of Life for Nigerians
By: Oladimeji Shotunde,
Lagos State University, Nigeria. ��
Quite topical is the theme of this essay at a time when Nigeria seems to have multiple issues with her reputation, occasioned by waning confidence, amongst the comity of nations. Presently, Nigeria is not respected globally and as such, our status and percept is pitiful and mind-boggling. To corroborate this stance, the profound insight captured by E. O. Eke, in an article published on Nigeriaworld.com, as far back as August 4, 2013 was apt, wherein he posits that "Nigeria is indeed a criminal's paradise" and gradually becoming a pariah state. He substantiated this claim by giving overwhelming instances of our failing democracy, full-fledged corruption, insurgency, amongst others. Adducing stronger pieces of evidence, he further positioned that the ingredients that can “Somalianise” or “Pakistanise” Nigeria abound.
Overtime, we have witnessed mass exodus of Nigerians from Nigeria to any place other than Nigeria. The Pew Research Centre, in a report released on Wednesday, August 15, 2018, revealed that a staggering 74% of Nigerians would relocate to another country if given the chance. The reason is not far-fetched, and it would be elaborated in the crux of this write-up.
Have we thought of what could be amiss when someone who is doing well by many standards, gainfully employed with one of the top multinational companies, and having bagged requisite qualifications you can ever imagine, would still desperately attempt at leaving Nigeria? The question is: “how did we get here?”
As this poser agitate our minds, I will quickly share a befuddling experience I had at a training held in Lagos recently. It was a masterclass on IELTS. Even after the training was broken into sessions to accommodate the over 500 participants per session, the large army of Nigerians at the mercy of the scorching sun outside the venue was quite bewildering. An uncle of mine relayed his own unpleasant experience having travelled to the United Kingdom (UK). He complained bitterly of how dehumanising it was to be a Nigerian based on the treatment to which he was subjected. What was his offence? He is a Nigerian!
The above are vivid testaments to the fact that Nigeria is seriously hemorrhaging; bleeding from the pain and anguish of bad leadership, terrorism, corruption and everything bad you can think of. Clearly, this is a sad portrayal of a fundamental problem which Nigerian leadership appears to gloss over and explain away, but it does not engage the belief that virtually everyone wants to leave Nigeria.
I consider it quite important to have given the above background, because failure to do so will not allow for a proper justification of the subject matter which bothers on "Confidence" and "Nation Building", “Economic Success” and “Improved Quality of Life”. With utmost sense of humility and respect, I think it is safe to posit that to enhance confidence in Nigeria, calculated steps would have to be taken first to restore confidence.
It is important to identify the major issues that pose as threats to confidence in Nigeria, and how these constitute grave dangers to the economic success and the quality of life for the people.
We cannot holistically look at enhancing confidence, without examining what led to the loss in the first instance. Of what value is the human life in Nigeria? Our health sector? In shambles. Basic and quality education? Impoverished. Power and energy? Epileptic. Roads and infrastructure? Deficient. Good governance? Non-existent. Security architecture? Dysfunctional. Cybercrime? Waxing stronger. Kidnapping? rampant. The list goes on.
The United Nations Development Programme (UNDP) released a report in 2018 on Nigeria's Human Development Index (HDI). The HDI is a summary measure for assessing long-term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. The HDI criteria are designed to be inclusive of countries' social, political and economic diversity while being indicative of a country's quality of life. Based on our HDI value for 2017, we were ranked 157 out of 189 countries and territories. Sad!
In trying to locate the rationale for this abysmal ranking, the issue of bad leadership compellingly stands tall. And where the leadership is starkly uninspiring, by what alchemy can we have good followership? Quality leadership will only come from you and I, and until this is done, we cannot fix Nigeria's barrage of challenges. At the very heart of this problem lies institutional corruption that have permeated all spheres of our lives. Corruption is a clog in the wheel of Nigeria's growth, advancement and progress.
Evaluating Nigerians who are willing to leave the country at the slightest opportunity and whether those that have gone are willing to return are crucial barometers with which to measure confidence in Nigeria. Premised on compelling anecdotal and empirical evidence that abound, your guess is as good as mine. The situation is so bad to the extent that those who travelled and returned home are characteristically labelled as being “mad”.
Slowly, as Nigeria recedes, burdened by the plethora of challenges in her domain, we must come to terms with the reality that achieving economic success and improved quality of life for Nigerians are both not mutually exclusive, but must be jointly achieved.
Indeed, it is needless crying over spilt milk. However, it is a needful that we trace the very beginnings of our problems while also performing a comprehensive analogy to justify all assertions made in this write-up. Having done this, the next step is to consider actionable solutions that can help restore, grow and enhance confidence for nation building, which indubitably, will translate to economic success and improvement in the quality of life observed by Nigerians.
Let us be clear, enhancing confidence in Nigeria will be an arduous task. However, in the face of many difficulties, we must find a way forward. It is noteworthy that rebuilding our reputation is of paramount importance. Albeit, having a great reputation is a function of addressing the problems identified in the crux of this write-up holistically.
To start with, we must fix our political system. We can achieve this through far-reaching and comprehensive electoral reforms, not the piece-meal types we have been seen over the years. Nigeria has a long history of electoral reforms, dating back to the different political transition processes since independence, but these reforms have not really produced the desired outcomes. Once we can achieve this, it would translate to the absence of electoral fraud, then responsible and responsive leadership can thereafter be enthroned. Our leaders are aware that once they provide good governance, fix the economy, and address other pressing issues, the masses would be so opinionated, conscious and independent, such that when the electoral season comes by, they will ask questions and make them accountable.
In addition, we must fix the Nigerian economy. It is pertinent to state that we do not need rocket science to fix our economy; the key is in our hands. All we need to do is to frontally fix energy issue. By fixing Nigeria's power problem, our economy will pick up naturally. To address the challenge of power, all we need to do is to reduce the bureaucracy involved. The scalability of whatever plan or policy action employed, should be emphasised. By scalability, I mean breaking these plans into workable pieces then putting it together to get a result. If we continue with this current jinxed model of IKEDC, IBEDC, we are not going anywhere. The same approach used for the telecommunication sector should be applied to the power sector. Competitive ideology should be entrenched. Consequently, power would whether advertently or inadvertently address a lot of problem, particularly as Nigeria's problems are inter-connected problems. By doing this, business and the economy will thrive, translating to economic success and improved quality of life is thereby guaranteed.
Furthermore, there is the need to revamp the educational sector. Quality education is needed for any country to thrive. The nexus between education and quality of life was well captured by Jason and Lance (2011). They positioned that educational effects cut across seven (7) broad life domains: achieving in life; material well-being/standard of living; emotional well-being/resiliency; physical health; community; intimate relationships; and personal safety/future security. Judging by the foregoing, education will play a pivotal role especially in improving the quality of life observed by Nigerians.
In the final analysis, I strongly posit that confidence is built on trust and cannot be forced on the citizenry, neither can it be imposed on the world. The government has to work to earn the trust of the people. Success would help rebuild and enhance confidence amongst the citizenry and by extension, the world at large.
For in the land of the black man, and in a time of reputational crisis, bad governance and its associated effect, the future of a great country; Nigeria, and her potentials for achieving economic success and improved quality of life for Nigerians, rests on the shoulders of restoring confidence, nurturing confidence and enhancing confidence.
Thank you for reading.
|Education / Lasu Emerges Winner Of Access 2.0 Inter-versity Quiz Competition by Hedriz(m): 7:57am On Sep 06, 2019|
LASU EMERGES WINNER OF ACCESS 2.0 INTER-VARSITY QUIZ COMPETITION
Students from Lagos State University has recorded another landmark in the access 2.0 competition organized by university of Lagos having defeated their counterparts from other institutions.
The Lagos State University Accounting Department earlier on Thursday September 5th recorded another history by defeating Five (5) other Universities at the Second Edition of Access 2.0 hosted by University of Lagos.
A total number of Six(6)universities participated in the competition which are; University of Lagos(The host Institution), Lagos State University, Bowen University, Obafemi Awolowo University, University of Ibadan, Yabatech,Covenant University .
The Lagos State University Accounting Department was represented by a team of Four Students: Balogun Idris Oladimeji, Idiat Mosunmola Hassan, Kuku Zainab Oluwajomiloju, Olowa kehinde Joseph.
Team LASU who emerged 1st position got N60,000 cash prize while Yabatech 2nd position and Obafemi Awolowo University emerged 3rd position.
Congratulations to Team LASU and LASU Community.
|Crime / Tackling Unemployment And Youth Involvement In Cyber Crime by Hedriz(m): 5:21pm On Jul 07, 2019|
TACKLING UNEMPLOYMENT AND YOUTH INVOLVEMENT IN CYBER CRIME.
Youth unemployment is a global concern with developing countries facing acute unemployment in the formal and informal labour markets. Nigeria, with the largest youth population in Africa, is no exception. In Nigeria, young people account for two thirds of its unemployed and underemployed. According to the 2016 Global Youth Development Index, Nigeria ranked 158th out of 183 countries in the domain of employment and opportunities.
One unique feature of the economic growth problem in Nigeria is its inability to create more jobs. Considering the growing youth population, estimated to reach 135 million by 2020, this is a significant concern. The current growth rate of the population, which outpaces growth rate of employment generation, is indeed a policy consideration in addressing youth employment and productivity. The recent downturn of economic activities further exacerbates the wage employment deficit amongst the youth.
This note takes a close look at Nigerias youth unemployment challenges and examines governments approaches to tackling the menace of unemployment through various initiatives and job creation interventions. It considers how the framing of the problem and availability of data has undermined previous attempts, and looks to more informed approaches to tackle youth unemployment in Nigeria. It also offers perspectives on the strategic role and capacity of the private sector to create jobs, which is crucial in addressing the pressing unemployment problem in Nigeria. It provides recommendations to address the immediate and longer term aspects of the youth unemployment challenge.
Addressing the solution to this problem, funding is just a start, there is need to encourage entrepreneurship, reassess the value of unpaid internships, reevaluate the distribution of welfare, partnership with employers right from secondary schools down to universities, earlier career guidance, modernizing apprenticeship and providing fair opportunities for disadvantaged youth. These and more will help to foster great help on the side of the youth and reduce some unnecessary act such as cybercrime.
Youth unemployment has now led to so many negative things in which the involvement of Youths in cybercrime is now such as a day to day activity. The techniques used to facilitate the types of cybercrime that affect the confidentiality, integrity and availability of data and system are very diverse and more and more sophisticated. Some of the most widespread techniques include: Malicious software, viruses, botnets, Denial of Service (DoS) attack
The application of technical solutions to combat cybercrime has always been the preferred option for most cyber security experts. However, most law enforcement personnel are not equipped with the requisite technological knowledge while most cybercriminals are experts in computer technology.
Various organizations, such as the United States Department of Justice and the International Telecommunication Union (ITU), have initiated capacity building programmes for developing countries in Africa, the Caribbean, and Pacific as well as other countries in legislative drafting and prosecution of cybercrime. As measures to combat cybercrime continue to multiply, various organizations have established their individual structures for cyber security. It is not uncommon for private organizations to have their own in-house rules on the acceptable use of their networks and also to educate their clients or staff on the issues of cybercrime. Some groups of organizations have also set up Computer Emergency Response Teams (CERTs) to assist in the technical handling of cybercrime, especially those targeted at computer networks. Several multinational organizations have also contributed to the fight against cybercrime.
These organizations have a unique role as some of them control the infrastructure on which the Internet runs, and include the US National Cyber Security Alliance and INTERPOL.
In conclusion, measures need to be put in place as stated above to reduce the high rate of unemployment which then leads to their involvement in cybercrime. It will not be possible to say this can be done in few months, processes has to be gone through to bring this into any sort of fruition as the case may be.
Written by: David Oludotun
INGENIOUS WEPOLIT SOCIETY ✍�
Transforming The World Using The Pen
|Agriculture / Re: Poultry Farming Business Setup In Nigeria, Africa by Hedriz(m): 10:53pm On May 07, 2019|
timsucess:same here bro
All the best
1 Like 1 Share
|Agriculture / Re: Poultry Farming Business Setup In Nigeria, Africa by Hedriz(m): 4:30pm On May 07, 2019|
My love for Poultry farming, I know about it and I don't really know much about it, I don't know if there's any professional consultant as regards this field here that can put me through, or any farm you can refer me to for internship. I'm still a student and I felt after my school I should fall into this kind of lucrative business. Any help? 08123447164
|Fashion / Re: Man Wore Shorts And Singlet To GTB Bank (photos) by Hedriz(m): 6:30pm On Mar 18, 2019|
|Religion / Re: Feed A Soul This Ramadan by Hedriz(m): 8:39am On Mar 10, 2019|
May Allah Make it easy
|Business / Re: Thugs Attack Desmond Elliot In Lagos, Gunshots Fired by Hedriz(m): 10:15pm On Mar 09, 2019|
Oniranu ni bobo yen jae
hin too stingy, have always been told this all the time.
|Celebrities / Re: Richard Nnadi’s Traditional Wedding: Don Jazzy, Tonto Dikeh, Jude Okoye & Lasisi by Hedriz(m): 9:27pm On Feb 09, 2019|
I shake my head for you
27 Likes 2 Shares
|Celebrities / Re: ''see Person Pikin As Him Fresh Like Today's Bread'' - Kanayo O. Kanayo Says by Hedriz(m): 6:05pm On Feb 06, 2019|
Pele omo tho fresh o
|Education / Re: Strike; NANS Battles ASUU On Twitter – Photos by Hedriz(m): 6:03pm On Feb 06, 2019|
The people handling that two accounts are mad, asin very very mad. playing with their children
|Education / Re: Crawford University Staff Shaving A Student’s Beard In Igbesa by Hedriz(m): 12:49pm On Jan 18, 2019|
Glorified secondary school.
|Politics / Wrong Perception About Minimum Wage by Hedriz(m): 1:49pm On Dec 02, 2018|
WRONG PERCEPTION ABOUT MINIMUM WAGE
NATIONAL ECONOMIES AND HOW IT WORKS......
Those comparing minimum wages of Nigeria and other countries are ignorant of how national economies work. There is no basis comparing the salaries of one country to the other when their economies are different.
In Germany, minimum wage is 1498 Euros which is equivalent to N626,000. You need 860 Euros to cover your monthly rent and utility.
That is N360,000, the price of two bedroom flat in a whole year in Nigeria. And how much does it cost to cut a hair in Germany? 50 Euros, the equivalent of N20,500. While in Nigeria, you can cut your hair at N200 at most, and N1000 in expensive salons in Abuja or Lagos.
Their rich counterparts in Hamburg or Frankfurt will charge 1500 Euros, the equivalent of N627,000. In Nigeria, even with that meager amount, the man with N30,000 will get along fine.
In UK a tiny hotel room that can accomodate 4 inches bed cost 120 Pounds, equivalent of N60,000 when its equivalent in Abuja will cost mere N5000.
Fuel in Germany is 1.8 Euros per Liter the equivalent of N752 per liter. In Nigeria fuel is fixed at N145 per liter.
Basically the German average income earner cannot afford full tank when his Nigerian counterpart should be able to fill his tank with N7000.
To mend trousers in Germany, a tailor charges 40 Euro, equivalent of N16,000 to fix button, and a Nigerian tailor can take N50 for the service, some may even wave it off.
The only thing absent that makes life difficult for a Nigerian worker is the failure of government to complement his income with basic social amenities like cheap food, portable water, public transportation, free education, cheap and available electricity, affordable housing and mortgage and healthcare.
That is what makes the difference between life in Nigeria and Germany or South Africa to an average income earner, and it is the area Labour Leaders should concentrate their demands, not salary increase that will be swallowed by inflation.
|Education / Re: Strike: FG, ASUU To Meet Again Today by Hedriz(m): 9:20am On Nov 26, 2018|
hostel don taya me oo, make dem do fast jae
still pondering whether we lasuite are gonna exam this year.
|Culture / Re: Oba Gbadewolu Ogedengbe Fagbohun Is Dead: Father Of LASU VC Dies by Hedriz(m): 5:03pm On Nov 22, 2018|
A Senior Advocate of Nigeria,
he has greatly improve the academic and administrative lopsided in Nigeria most especially in Lasu, he is a lecturer and has impacted to indigenous Nigerians home and abroad.
|Career / Re: What Should Be The Highest Paid Profession In The World? by Hedriz(m): 5:54pm On Nov 05, 2018|
My boss Ayotunde made Front page. Powerful sir, more power to your elbow!
|Politics / Re: Atiku Responds To I Go Dye's Accusations by Hedriz(m): 9:58pm On Oct 14, 2018|
yeye people yeye people yeye people
|Culture / Re: PHOTOS: Ooni Of Ife At Eid Prayer Ground by Hedriz(m): 9:33pm On Aug 21, 2018|
like we care
|Romance / Re: She Lied About Her Virginity. by Hedriz(m): 10:37pm On Aug 09, 2018|
your problem her problem
|Politics / Re: NASS Invasion: Saraki Addresses World Conference by Hedriz(m): 1:24pm On Aug 08, 2018|
like we care
|Politics / Re: Udom Sacks Ibanga Akpabio, Godswill Akpabio's Brother by Hedriz(m): 1:21pm On Aug 08, 2018|
|Politics / Re: Kwankwaso Receives Pdp Membership Card From Kano Pdp(photos) by Hedriz(m): 11:32am On Aug 08, 2018|
ajbtrends:same to you.
|Politics / Re: Kwankwaso Receives Pdp Membership Card From Kano Pdp(photos) by Hedriz(m): 10:56am On Aug 08, 2018|
FTC for the second time in less than 15mins
sai bubu till 2023
28 Likes 3 Shares
|Politics / Re: PDP Chairman Asks UK Government To Expel President Buhari by Hedriz(m): 10:51am On Aug 08, 2018|
I dedicate this to my unborn children
Sai baba till 2023
|Politics / Re: A Nairalander Wants To Represent Ijero-Ekiti In The Ekiti House Of Assembly by Hedriz(m): 9:20pm On Jul 29, 2018|
wishing you the best
|Celebrities / Re: Simi Meets Lagbaja (Photos) by Hedriz(m): 8:03pm On Jul 29, 2018|
|Celebrities / Re: Simi Meets Lagbaja (Photos) by Hedriz(m): 8:01pm On Jul 29, 2018|
like for Simi, Share for Lagbaja
8 Likes 34 Shares
|Celebrities / Re: Bobrisky Reveals How Long His Menstrual Cycle Lasts! by Hedriz(m): 12:46pm On Jul 29, 2018|
Any topic of the day. Oya hit me
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