₦airaland Forum

I thought atiku recommended thus in the last election but the govt revolted. Is good they are toeing that path

Hopefully the government will heed and do the needful to avoid the looming crisis.

You never find ben ayade here. Who do cross river this kind thing?

Na wa o. This guy is shameless

Hopefully the judgemwnt remains

AoA777:
Budget like 190-200K. But may be less.

pls i'll like to know for Masters of public health. Is it research based or course based

Imagine the desperation. For VAT wey no be your own.

What some states are trying to say is that since they can't collect, FIRS should collect for them. But using some others people revenue to pay another people with no buisness is just insane. I'm really excited because my state cross river that used to have the best water board in Nigeria, was left to rut by the present governor. They will now seat up and start to do the needful

Very apt and nice piece

If APC fields Osinbanjo against PDP saraki, then i'll vote APC, but any thing other than an Osinbanjo in APC then i'll vote Saraki. Anything other than this two, in comparison to the names listed here, then i'm not voting, except a credible third force candidate emerges

Have you been wondering why ordinary folks seem to be less affected by COVID-19?

Whenever my drivers, home helps and security guards come back from their leave at home, I always asked them the state of things in their villages. Up till today, for the past one year, none has come back with any news of deaths or serious illnesses requiring hospitalisation in their homes or surroundings. I visited the Sabo market in Sagamu and the tomato market at toll gate in Ogere in Ogun State. I questioned many traders if any stall or store owners had been missing, or did not come to the market or had actually died. Responses were always negative.

So, clearly the prevalence of noticeable infection with coronavirus is less among the lower class and fatalities appear to be higher among the upper class. However, it is necessary to make some adjustments for the fact that deaths among the elite class readily get media attention than those of regular folks.
Melinda Gates’ prediction failed woefully because there was no way she could have foreseen this demographic prevalence factor in the spread of COVID-19. The overall infectivity and fatalities on the Africa continent are disproportionately much lower than the rest of the world!

What is the magic here?

Simply put, the magic is SUNLIGHT.

People who are daily exposed to sunlight are able to convert some chemicals in their skins to vitamin D, especially D3.

Scientists have incontrovertible evidence that Vitamin D seriously boost the human immunity and actually have capacity to prevent respiratory and lung diseases.

In the case of COVID-19, vitamin D3 can prevent infection in some people and in others who still get infected, it decreases the severity of the infection and recovery rate is far better.
Recently, a petition signed by 120 physicians spread across the globe, (I have a copy) has been sent to world leaders and governments to treat vitamin D deficiency common in Europe and Americas, who have effective sunlight for just a few months in a year and hence have large numbers of the populace suffering from vitamins deficiency leading to high rates of susceptibility to COVID-19 infections and deaths.

‌
Many of us the elites in Africa are also vitamin D-deficient and this makes us ready targets for COVID-19 infections also. This is because we are hardly in the sun all year round.

Yet, a 30-minute lounge daily in the bright sunlight gives one about 20,000 iu of vitamin D in our blood. This figure is much higher than our daily requirement which is about 4000 iu of vitamin D.

This is why young people, students, hawkers, traders and many who toil daily under the sun have very high immunity against COVID-19.
So my dear elders, VIPs and ‘Ogas’, please walk leisurely or lounge in the sun for 20 to 30 minutes daily, and with your face masks always on in public and observing normal COVID-19 protocols. With daily supplications to the Almighty, you will place a ban on COVID-19 from affecting you and your household.

God bless you all.

Chief Doyin Okupe is a former presidential spokesperson
https://punchng.com/why-covid-19-spares-the-poor/?amp=1

ausproxi:
I just got the approval message today, 500k was approved for me and I've accepted the offer and provided my bank account details. I hope they don't take forever to credit me.

congrats

Corruption is a festering sore in this nation

I saw some where that they just paid INEC their minimum wage arrears

MONEY TRANSFER FRAUD!!!!!

COLLUSION AMONG CBN,COMMERCIAL BANKS,WESTERN UNION,MONEYGRAM,ETC TO KILL THE NAIRA INSTALMENTALLY �!!!

By Chief Anthony Ani,FCA,Former Minister Of Finance.

"A MATTER OF NATIONAL EMERGENCY DEMANDING OUR DEAR PRESIDENT BUHARI'S URGENT ACTION!

"RE: $BILLION DIASPORA REMITTANCES: WHERE ARE THE DOLLARS?"

The above question was posed in an article in The PUNCH newspaper edition of September 9, 2019, by columnist Henry Boyo.

I have been a daily reader of The PUNCH for the past 10 years and I have not yet, read any comments from anyone on this question.

There is a need to discuss this issue, as it appears that there is massive foreign exchange laundering going on in our banks.

As the architect of the Diaspora remittances in 1996, I am naturally concerned at the abuses disclosed by Boyo.

When in 1995, we at the Ministry of Finance reviewed the country’s sources of foreign revenues, we found out that nothing was coming in from Nigerians in the Diaspora, whereas India and Jamaica were living on foreign exchange from their citizens abroad.

When I enquired why Western Union and MoneyGram could not receive money from Nigerians abroad, I was told that it was due to our tax laws.

As a Chartered Accountant student in 1962, I studied Comparative Commonwealth Taxation in Nigeria, Jamaica and the UK, and I found out that the tax laws of these countries had the same wordings on imposition of tax (“tax is imposed on income accruing in, derived from or brought into”).

The question then to me was why income “brought into” India was not taxed in India? On enquiry, I found that India had modified its tax laws to accommodate its citizens living abroad who wanted to send money in foreign exchange to India.

In 1996, I had proposed (and it was accepted by the Federal Executive Council) in a new law, regarding Nigerians repatriating remuneration from abroad, Nigerians repatriating dividends, royalties, fees, commissions from foreign countries receipts by authors, sportsmen/women, musicians, play writers, artist, etc.

Such income repatriated into Nigeria in foreign currency was 100 per cent exempted from tax, provided the foreign currency was repatriated through a domiciliary account with a Nigerian bank!

With the promulgation of this law, First Bank Nigeria Ltd brought in Western Union in August 1996 while the USA(UBA) brought in MoneyGram a few weeks later.

In 1996, Nigerians abroad repatriated about $4.5bn (about 50 per cent of our gross revenue from oil) and we ensured that these amounts were brought into Nigeria, intact, in foreign exchange.

The receipts increased exponentially in 1997 and 1998 and we also made sure that they were received in Nigeria, in foreign currency.

The receipts helped to stabilise our exchange rate mechanism at N82 to a dollar, throughout my tenure as the Minister of Finance, to the extent that the naira was internally convertible currency.

Some years ago, on my visit to London, I went to Western Union office, at Marble Arch, to test by remitting £500 to my son in Nigeria.

I first had to convert the money to dollars and to my surprise, Western Union gave me a quote in naira to be claimed by my son.

I refused their naira equivalent and insisted that my son must be paid in dollars.

It was obvious to me that there was an arrangement between our Nigerian banks and Western Union/MoneyGram, whereby the former pays from their excess naira liquidity while the later retains the dollars abroad.

In other words, the dollar remittance is retained abroad and is laundered by the Nigerian banks. This is definitely against the law which provide that all remittances must be brought into Nigeria in foreign currency via domiciliary account.

If by chance, as in my case, the dollar is remitted into Nigeria, the Central Bank of Nigeria on August 14, 2014, introduced the Outward Money Transfer Service and authorised the same MoneyGram and Western Union to re-export, in tranches of $5,000 per transaction, to Nigerians abroad, on payment of the naira equivalent at the CBN rate of exchange.

Thus, Nigeria is the only country in the world re-exporting its remittances.

It is relevant to note that the naira is not a convertible currency but remittances which are meant to stabilise our exchange rates are re-exported!

There is something wrong at our Central Bank.

It could be that we have imported the mentality of commercial banking into the CBN. We now need real central bankers to govern our Central Bank.

We have central bankers amongst those in the CBN, and we also have central bankers amongst the members of the Nigerian Economic Society or, alternatively, indeed, we can even go outside Nigeria to employ central bankers.

The fact is that the Diaspora remittances are not retained in Nigeria and there is a collaboration between the CBN, Nigerian banks and Western Union/MoneyGram; in such an event, government must investigate the infraction, punish the money launders, and recover all past Diaspora remittances retained abroad!
Copied!

The Outbound Money Transfer Services must be stopped and all our remittances retained for naira stability and the nation’s development."
October 8th,2019.

Etubom Anthony Ani is a former Minister of Finance,1993-1998.

*[Please share in all your social media platforms or tag until it goes viral for Urgent Action by President Buhari.We have endured too much fraudulent bewitchment as a People and Nation.]*

This is getting interesting. Its just like a game of whot where someone gives somebody pick two and the person will reply with pick four. We are waiting for pick six and eight. Gen gen

DSTV will also increase subscription as well

Airlove:
With how hot our environment is and careless inexperienced mechanics,they want to turn vehicles to mobile bomb. Even GSM can cause explosion not to talk of smoking inside your car and smelling gas.
A good avenue for bokoharam to carry bomb attacks.

We love copy copy without indigenous research solution.

lol

Federal Government has disclosed that automobile owners will pay up to N250, 000 for conversion targeted at enabling them run on gas. Speaking at Channels Television Programme monitored by Vanguard, Justice Derefaka, Technical Adviser on Gas Business and Policy Implementation to Minister of State for Petroleum, Chief Timipre Sylva, said the conversion would be carried out at various centres nationwide.

He said: “The conversion of your vehicle is not something that will take three weeks or seven days; it will take you around seven to eight hours because they (technicians) need to do a diagnosis of your vehicle to see if it is fit for conversion. After that, they will test for roadworthiness and then proceed.”
The owner of the car will decide to say I want to run on autogas or CNG or LNG and like the honourable minister had mentioned before, conversion has basic strands, you can partner with your bank and the bank will now agree with the conversion centre to convert your vehicle, not for free entirely.

“The installer will now put some form of mechanism that each time you buy the gas; a certain amount will be deducted to pay for the conversion kit. Some people will say it is too expensive but I do not think it is because within a period of five to seven months, you’ve already paid off the cost.”

He added: “The cost varies, it depends on the cylinder of the vehicle but on the average, it is around N200, 000 to N250, 000 and this is for a four-cylinder vehicle but it becomes a little bit higher for a six-cylinder vehicle. If you take your vehicle to some of the centres like the one commissioned yesterday (Tuesday), technicians and original equipment manufacturers are there so you can bring your vehicles for conversion to start running on gas.”

Previously, speaking at the launch of the policy in Abuja on Tuesday, Chief Sylva, had said: “We would start in the first quarter of next year with over 100 buses and we would continue to incrementally add the buses until we get to that number. We are going to have one million conversion kits, which would be with the people who would be converting the vehicles. Any motorist that wants to convert his or her vehicle would only drive into the conversion centres and convert their vehicles free at all time.
Unfortunately, we have not utilized our gas resources optimally. We have over 200 trillion cubic feet of gas, TCF, already discovered. We have initiated programmes in the gas supply side, with the proposed launch of gas facilities in Edo State and the National Gas Flare Commercialisation Programme, but we needed to boost the utilization side, and that is what this programme is about. Today’s roll-out marks the optimal utilisation of Nigeria’s gas resources across the country.”

He had added: “The availability of autogas as an alternative fuel option will afford Nigerians cheaper, cleaner and additional choice of fuel, cheaper than the price of PMS, cleaner for our environment, better for our automobiles and other engines.”
https://www.vanguardngr.com/2020/12/autogas-automobile-conversion-to-cost-owners-n250-000-in-nigeria/amp/?__twitter_impression=true

This people have no value for human lives

Laycon na big boy now, i wonder who is using who trend now. Lol.

Merimental:
dude lacks wat it takes to handle dat financial position.

he is terrible, i wander why his tenure was renewed. May be he is serving vested interest well

tasalanoni:
The problem with our locally made goods is mostly a lack of quality. Competition is very essential for refined quality and that's the reason foreign goods with superior quality should be allowed entry into the Nigerian marketspace. Innovation and drive for improvement are non existent in our culture. PAN has been around for over three decades yet with very little impact in the automotive industry save for the 504, 505 and other models of the 80s. Same can be said of other consumer goods that are produced locally. Aba is the textile and leather hub of the country but nobody with a top-notch taste patronizes goods from there and that explains why the trade of secondhand clothes continues to flourish
Before now, locally grown and processed rice was almost inedible because the stone to rice ratio was almost 1 to 1. Competition against imported foreign rice made our local farmers up their game and for the first time de-stoning was introduced. Tarrif hike and import prohibition only enrich an already corrupt custom and smugglers who take advantage of porous borders to flood the market with contraband goods and continue to weaken an ailing local manufacturing sector.

you nailed it succintly

Emefiele is the worst CBN governor ever

Xzellentgraphic:
As the case with Rice

Exactly. The purpose of closing borders is already defeated as inflation is everywhere. I don't see the reason why our borders still remains shut.

I just have one thing to say. The politicians in this country are demons nothing else. I've never seen a group of people who hate this country like our politicians. Imagine Niger who is supposed to import fuel from Nigeria. Our country is shamelessly signing a deal to import fuel from Niger.

Grupo:
Why do you think the average Nigerian goes for an imported foreign used 2007 Toyota corolla?

It's because it costs 2.2m. Which locally assembled car costs within that price range?

exactly. An average Innoson car cost around 5 million naira

CSTRR:
Do you even know the meaning of competition?

You are competing with countries with cheap power and low inflation rates.

I don't blame you sha.

You are not a manufacturer.

so our local manufacturers rather finish us off with exorbitant prices? Even in areas where production is relatively good, prices are still exorbitant, how does that help consumers?

Xisnin:
Why should the Nigerian made be affordable? You can't compare the product prices of companies who sell millions to those who sell thousands. The million company can afford to sell cheaper and still make a profit. We need the duty to make local manufactures competitive.

. By suffocating us with high price, and distributing inflation to other sectors of the economy.

heed101:
You are right my bro. A case of the banming of rice importation, Farmers prefer to sell the rice at equivalent of the imported price because they believe it is difficult to get the foreign rice thereby defeating Govt objectives in ensuring boom in local rice sales.

infact now i'm beginning to believe competition is better than protectionism. Because protectionism favours the manufacturers and oligarchs in Nigeria while, competition favours the consumers due to cheaper price.

olaniyilukman:
Remember same applied to basic amenities like food we consumed, when the border is wide open and government allow to people to import food and beverages, prices of these commodities were reasonable but when they shut the border inroder to promote our own agricultural activities, Nigerians have abused the policy by deliberately increase the prices of all these commodities just for thier selfish gain

. You are absolutely correct. Infact now i'm beginning to realize that competition is better than protectionism. Protectionism favours manufacturers and oligarchs while competition favours consumers

PhiliptheArab:
Locally made cars are expensive because

1.Power sector in Nigeria is not working...largely because we insist on selling power that costs N53 per kwh to produce/generate at N30 per kwh or less.

2.Crucially, we don't have enough small scale industries that make the various tiny parts that go into a car. Meaning companies either have to make those parts (PAN is a good example) or import them (INNOSON...though they are also making more and more componets at home)...and either way that makes production expensive.(Innoson's boss some years ago callled for reduction in import duties on imported car components)

3,.Ajaokuta was not completed.

Although i'm not an economist, but back in my secondary school days they taught us the concept of comparative advantage. It therefore means we lack the comparative advantage to produce cars due to self imposed logistical limitations like you've highlighted. It would have been better if this issues were fixed first before proceeding to hike import duties