₦airaland Forum

zero8zero:
Speaking on The Morning Show, an Arise Television programme on Wednesday, Tunji-Ojo said the experimental phase of the project would be launched in Lagos, Abuja, Rivers, and Kano states.

The minister said the contactless passport application service will be rolled out internationally to Nigerians in the United States, United Kingdom, Italy, and France, following its successful launch in Canada.

He added that a phased rollout allows the government to refine the system, ensuring its reliability before expanding access to all.

“I come from a tech management consulting background and in my experience, you don’t launch a project of that magnitude all over at the same time,” Tunji-Ojo said.

“There will be what we call the system shock. And once there’s a system shock, it erodes the benefit that you aim to derive.

“So, we decided that before we open it up to the entire world, let’s start with Canada. And as I speak to you, we’re already producing passports based on the contactless system in Canada.

“By January, we’re taking it to four countries, which include UK, United States, Italy, and France. And of course in Nigeria, we’re opening it up in Lagos, Abuja, Rivers, and Kano.”

The minister acknowledged initial technical issues with the service in Canada, but assured that glitches have been fixed through “patching” and continuous corrections on the system.

He noted that the moment the system is perfect, it would become “a legacy for this particular administration and something Nigerians can be proud of forever”.

“This is why we have adopted a cautious approach towards the project or else people will jump on it and at the end of the day, the frustration can even lead to the failure of the process,” Tunji-Ojo added.
https://www.thecable.ng/fg-to-launch-contactless-passport-application-service-in-four-states-next-month-says-tunji-ojo/

PressMyButton:
.
The Young Parliamentarians Forum received a major boost on Friday as President Bola Tinubu’s son, Seyi Tinubu, donated an e-library and co-working space to the group.

The Forum, led by Hon. Lamiju Akala, is recognised by the United Nations, and made up of young members under 40-years-old, who meet to develop ideas and interface with young people interested in the day-to-day activities of the National Assembly.

The donation is Tinubu’s fulfillment of his promise to his friends, The Young Parliamentarians Forum, to support their aspirations and lofty ideas as budding lawmakers.

The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, who commissioned a state-of-the-art facility, a storey building on Mississippi Street, Abuja, which houses The Congrès, said,

“This innovative space aims to provide an enabling environment where young people can strategise, discuss national progress, and contribute to youth-oriented legislation.”

Echoing similar sentiments, the Chief of Staff, Femi Gbajabiamila, also lauded the initiative.

According to him, this development is expected to have a positive impact on youth engagement and representation in Nigeria’s parliament.

Gbajabiamila said, “I wish this happened during my time as it is a good environment for young legislators to meet and deliberate on issues bothering nation building.

“I commend Mr. Seyi Tinubu for initiating this laudable project as it will further enhance the legislative process for young parliamentarians. The building houses an e-library, a physical library and co-working space for all young parliamentarians.”

Also at the commissioning was the duo of Mr. Tope Adekoya CEO 7-Fifteen Capital Ltd and Co-Chair, The 7-Fifteen Foundation, and Mrs. Adesuwa Belo-Osagie, Co-CEO 7-Fifteen Capital Ltd and Co-Founder The 7-Fifteen Foundation, who developed the Congress building for young parliamentarians, amongst a host of others.
https://dailytrust.com/seyi-tinubu-builds-e-library-for-young-lawmakers

PressMyButton:
More Photos E-library donated to Young Parliamentarians Forum.

From previous thread:
https://www.nairaland.com/8294667/seyi-tinubu-builds-e-library-young

OkayDaddy:
Lagos has more than a dozen vehicle assembly plants. Ikeja alone has like 5. Why should they leave them and go patronise Innoson outside Lagos?

If Innoson wants to sell in Lagos, he should open a plant in Lagos. Those Nissans you see and the Blue pickup trucks are assembled in Lagos.

grandstar:
You'd have made more sense if you said Oando. Someone from the Tinubu family is there.

What you don't know is that Oando borrowed $800m to make a recent purchase.

During the Babangida and Abacha regimes, many of these oil blocks were gifted out for free. That is how Nigeria's richest woman, Mrs Alakija, made her stupendous wealth.

Islie:
There is no end in sight yet to the low cash supply by commercial banks as customers face increasing difficulty with cash withdrawal, checks by Daily Trust have shown.

There are indications that commercial banks have also limited cash withdrawal on Automated Teller Machine (ATMs) to N20,000 for multiple account holders.

Daily Trust reports that the cash scarcity has worsened in recent times despite a warning by the Central Bank of Nigeria (CBN) to impose sanctions on commercial banks.

This is in spite of over N4.3 trillion currency in circulation, which has sustained an upward trajectory in the outgoing year.

The CBN governor, Olayemi Cardoso had at the annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos recently assured that the bank would continue to “Maintain a robust cash offering to meet the country’s needs, particularly during high demand periods such as the festive season and year-end.”

Reports from across the country indicated that customers were still having difficulty with withdrawing cash from either the banks or ATMs.

It was learnt that customers with multiple accounts are only allowed to make ATM withdrawal of N20,000 on a daily basis.

A bank customer told our correspondent that he couldn’t make further withdrawal from his other account after withdrawing N20,000 from his first account.

“Because I needed more cash, I used another ATM card to make further withdrawals but I got a response that the daily withdrawal limit has been exceeded,” the customer said.

Daily Trust findings also showed that withdrawal limit varies depending on the availability of cash even as some ATMs pegged maximum withdrawal from other banks to N5,000.

Daily Trust gathered that the withdrawal limit at one of the branches of Guaranty Trust Bank, (GTB) was pegged at N5,000. Further findings showed that a user with two ATM cards of different banks could withdraw N5,000 each.

For GTB customers, the withdrawal limit was pegged at N20,000 both at the ATM and over the counter.

One of the bank officials who was asked about the withdrawal limit said: “It depends on the availability of cash but now the limit is N20,000.”

At FCMB, our correspondent gathered that the withdrawal limit of other banks was pegged at N20,000 while the withdrawal limit for FCMB customers was pegged at N40,000.

Also, at Zenith Bank, it was gathered that the withdrawal limit was N20,000.

A point-of-sale (POS) agent, Mosuru Oluwasegun pleaded with bank authorities to ease the means of doing business for POS operators, saying the withdrawal limit of N5000 as an untold hardship.

“We are facing serious problems with scarcity of cash, it has not been easy as banks do not dispense enough money. They dispense only N5,000, which is not enough for us to do our business,” he added.


Cash supply is low, we are rationing – Bank sources

Sources at some DMBs told our correspondent that cash supply is slow across the bank branches while confirming the withdrawal limit by some banks.

“Cash supply is low so banks are managing for it to go round. POS people don’t even get cash from the banks. They source from fuel stations and markets but people will think it’s from banks,” one of the bank officials who spoke with our correspondent in confidence said.
https://dailytrust.com/banks-restrict-multiple-account-owners-to-n20000-withdrawal/

1nice:

https://www.youtube.com/watch?v=bmfD7jWXEo4&pp=ygUgQXNoYXdvIGNhdWdodCB3aXRoIGNoYXJtIGNhdWdodCA%3D

aswani:
However, there will always be a market for fake products, part of which is the ridiculous pricing that we do in markets.

You price something in a shop, they refuse, you go round the corner to another job to price the "same product", they agree to a price much much less and you think you have a bargain.

Na we dey do ourself.

Bluntemperor:
I love your Sense of History,bro💪.
Gowon University,Abuja too,is not bad because Gowon later reconciled with almost everyone, and is today,Prayer Leader of ' Pray For Nigeria ' and that is what is called ' Heart 💜 of Recompense ' and this is the Heart that everyone, especially those in High Authority - including the Traditional Rulers and Religious Leaders,Must have,so that we move Nigeria Forward, although some Footsoldiers- are not ready to allow Some States to move forward, especially in the Northern Nigeria( some governors, National Assembly Members,etc,since they love to create Problems for People but are Greedy and Selfish,by using Religion and Ethnicity - to tie down the People, claiming to be 'working for the overall interests of their peiople '.But later discovered that ,it is not true!
The Youths in the North and South East - must emerge from the old fashioned revenge and allow their States to make a giant Strides - by not allowing the Old -Backnilisation of the Past,by Past- leaders to torment them ( e.g accomodating terrorists, kidnapper's, Shedding of Innocent Blood),etc, but breakaway from this evil beliefs and let other Nigerians see that we can Build Nigeria together and make a great impacts.
Nigeria will be Great indeed.
God bless Nigeria.

FreeStuffsNG:
https://nairametrics.com/2024/12/18/nafdac-declares-eziukwu-market-aba-as-hub-for-fake-and-substandard-products/

InfoGuru118:
https://news360ng.news/tinubu-reconstitutes-management-teams-of-12-rbdas-makes-72-appointment/

Botragelad:
Source;
https://www.aljazeera.com/news/2024/12/19/israel-carries-out-air-strikes-on-yemen

The controversial banner has been removed from Lekki Central Mosque

Everyone can rest now.....

My opinion: No one can fight for God. Religion is a sensitive issue and we should all take it easy sometimes pic.twitter.com/WD57rTvTT1

— Oguntoye Opeyemi (@Equityoyo) December 18, 2024

PressMyButton:
The apex northern sociocultural group, Arewa Consultative Forum (ACF) has expressed delight over the renaming of the University of Abuja by the federal government after former Head of State, Gen. Yakubu Gowon (Retd).

ACF described the gesture as befitting and worthy honour coming on the heels of the elder statesman’s 90th Birthday anniversary, adding that “it is also a Christmas gift of sorts from the FGN to the amiable and charismatic General!”

The apex northern group said it “received news of the decision of the Federal Government of Nigeria (FGN) to rename the University of Abuja after General Yakubu Gowon, PhD, GCFR, Head of State and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, during the years, 1967 – 1975.”

A statement by the National Publicity Secretary of the forum, Professor Tukur Muhammad-Baba said it is more pleasing that the honour was bestowed on the ACF’s Grand Patron.

More than this, ACF noted that General Gowon “is a nationalist of quintessential extraordinaire, an icon of Nigeria’s struggles for national unity, a man of great humility, a symbol of military professionalism, revered hero who gave his all to Keep Nigeria One, even as his (and our) particular dreams remain very much a work-in-progress.”

ACF further described the gesture honouring such a deserving national hero while he is still alive to savour the recognition as most commendable.

The Forum called on the National Assembly to accelerate passage of the necessary legislation to concretise the renaming.

Finally, the ACF congratulates the former Head of State, his family and friends on the honour, and also extends same felicitation to the University of Abuja Community and Nigeria at large.
https://leadership.ng/acf-hails-federal-govts-renaming-of-abuja-varsity-after-gowon/

cybersoldiers:
Sadwest is the most terrible place to live on earth.

Yorubas killing themselves

Very unsafe place for humans.

Meerahbel:
Thank you Sir.

Meerahbel:
Yes only me.
Seplat Plc defies all odds, outperforms it's elephant size, to grow above N5,000 per share, as 100,000 units now cost more than 500 million naira.


Interesting times ahead...

I missed this stock way back but jumped on NDDC stocks on NASD when it was N200 but today it at over 600 naira

There's a young man in the interior part of Lagos who has built a crazy business and employs over 12 staff all remote in this same economy which I am one of them. Another is a woman not even in Lagos in the southern part of Nigeria and has over 14 staff and business is doing extremely well.

E get person wey dey Iyana Ipaja dey do business with Dubai people and the Dubai people are thinking of coming to do business in Nigeria, mind you this person has a 9-5 job

My secondary school gate man, has been with us before I joined the school, it was when I was graduating he moved into his own house and invited everyone of us. I would have mentioned the school but once I do they would know me because I was their head girl

Boss! I used to be like you. I started out as teaching for 30,000. I had rent, food and sundry to pay until one day, I was in the investment section on the stock market channel and someone dropped a WhatsApp group link for discussion about NSE now NGX, that was the turning point. I met men who have been in NGX for more than a decade, men in their early 50's and 60's who have seen and done it all, living on their dividends and other sources of income. They taught me some of the things I know today Chief of them is Emmanuelmanie

Megawealth has a NGX discord discussion group, I was one of his beneficiary of one call that changed my life.

In the mist of multitude advice there's safety.

We have those that make things happen,
& we have those complain, I used to be the latter, but things have changed and I am grateful to NL and the men I mentioned above.

Meerahbel:
Real Estate Investment Trusts (REITs) in Nigeria offer a unique opportunity for individuals to invest in real estate without directly managing properties. REITs allow people to buy and sell shares in companies that own or finance real estate properties, providing a way to diversify investment portfolios and earn rental income without the hands-on work of being a landlord

Types of REITs in Nigeria:

- Equity REITs: Invest in and own properties, generating income from rents and property sales.
- Mortgage REITs: Invest in and own property mortgages, generating income from interest on the mortgages.
- Hybrid REITs: Combine elements of equity and mortgage REITs, investing in both properties and mortgages .

*Benefits of REITs in Nigeria:

- Liquidity: REIT shares can be easily bought and sold on the Nigerian Stock Exchange.
- Diversification: REITs provide a way to invest in real estate without directly managing properties.
- Stable Income: REITs can provide a regular stream of income through dividend payments.

Challenges Facing REITs in Nigeria:

- Lack of Public Awareness: Many Nigerians are not familiar with REITs and their benefits.
- Difficulties in Processing Land Titles: The process of obtaining land titles in Nigeria can be slow and cumbersome.
- Limited Regulatory Framework: The regulatory framework for REITs in Nigeria is still evolving and may not provide sufficient guidance or support.

Despite these challenges, REITs in Nigeria have the potential to provide attractive investment opportunities and contribute to the growth of the country's real estate sector.

Meerahbel:
Buy ARADEL if you have money on NGX.If you're looking for companies that offer Real Estate Investment Trust (REIT) services in Nigeria, here are some top options:

- UPDC Real Estate Investment Trust (REIT): A close-ended real estate fund listed on the Nigerian Exchange Limited (NGX) and regulated by the Securities and Exchange Commission (SEC). They offer a diversified portfolio of real estate assets in Lagos

- Union Homes REITs is listed on NASD

These companies provide various options for investing in real estate in Nigeria, offering benefits like stable cash distributions, rental income, and potential long-term capital appreciation.

Veenbanks:
Synthetic trading. I bless the day for venturing into this industry.

socialjustice93:
The real deal now is DePins and Testnets, but most people are either lazy or don't have a laptop

Meerahbel:
Thank you for your this question.

Risk=Rich
Fear is what is holding many people from reaching the peak.

You can save by either living below your means. However savings CANNOT make you rich.

Let assume you just got a job, you can squat with friends or stay with parents and when you want to get your own apartment go for a single room not a self contained or if you lucky the jobs gives you accommodation (you are to left with only the expanse to feed yourself) With 60k, save 20% that's N20,000 a year would give you 240,000, that's if accommodation is provided but if no accommodation is unavailable you can do 5-10k per month, you can decide to buy a plot of land or invest in crypto, stocks market most especially foreign stocks (because earning in naira is no longer profitable), Treasury bill, or FG savings bonds (5000 to start by the way and you get interest quarterly) Your return can be used to pay monthly bill in the case of FG savings bonds school fees though or professional qualifications exams.

Invest FIRST, then SPEND the rest.

Everything is all about planing, the day you start taking actions and stop complaining or giving excuses you would see the difference.

Another cheat code to wealth is in Real Estate.
For instance, a land I bought for 800,000 in 2015, today that land is worth more than 15 million naira, you can decide to sell and go but an acre some other place. When you buy the acre, you self a plot or two and go to another place buy an acre and RINSE & REPEAT.

I am invested in the following;
1. Crypto
2. Stocks market (both local and foreign) I use trove for foreign stocks, if you interested use the link on my profile to get started we both get free shares.
3. Real Estate
4. Nigerian Treasury Bills
5. FG savings bond
6. REITs (silent money spinner)
7. Remote jobs - By next year I will no longer do 9-5 anymore, I done with onsite jobs
8. My Spa business

No rich person depends on one source of income.

I hope this helps.

essentialone1:
I have been reading this thread, but I am yet to see anyone mention the 2 most important things I always love to hear and read on this and similar subject matters. It is never just enough to say I am now making money. You have to have a personal Annual Statement of Financial Position. You don't need to be an accountant to do that. It's simple but you have to be intentional about it.

1. You need to always know how much you are now worth in dollar terms. You don't need to exchange your physical naira to dollars for you to know that. Just calculate It online. It is very important so you know if you are actually growing financially or just moving in a circle. For example if by last year, you had 750,000 naira as your Available cash by 19th December 2023, by today 19th December 2024, you may now have 1.2million naira as your available cash. Some people here will think they have grown financially, but in real terms, you have actually become poorer. If this is not clear to you, you need a lot of learning to do in Financial Management.

2. Having taken care of number 1, next is to find out your increase or decrease in terms of percentage based on the same dollar rate. Using same example in number 1. The person who had 750,000 naira last year could be said to be worth 1,000 US Dollars. But by this year, even with his or her 1.2million naira, the person is now worth about 772 US Dollars. If I am the person, I will clearly know that this year 2024, I had a 22.80% decrease in my financial position. It will keep me on my toes, and make my head go restless on what and what to do to improve. But if unfortunately such a person is celebrating that he or she has made more money this year, I can only just shake my head.

I know several persons will say I am speaking trash, and that this is an unsolicited advice, but I always like to put these 2 points out, so that you keep track, and so that you do not end up celebrating poverty, thinking that you have become richer.

SyrusdeHansome:
For me crypto currency mining and investment has been my biggest source of income so far. Though I've lost some money in the process of investing on some projects I've also made great gains. Hoping to make more money from it before January 1st. Tell us yours, maybe someone will learn from ur story.

Modes pls help me push this to fp let us learn from others.

Wisdomkosi:

https://www.youtube.com/watch?v=KVBlA9rKEcQ?si=GFm-ZpNCxZVnllcM



https://www.google.com/amp/s/punchng.com/breaking-tinubu-arrives-lagos-for-christmas-new-year-holidays/%3famp

beerfraud:
Anambra State governor, Prof. Chukwuma Soludo has offered amnesty to criminals in the state, declaring that they have until the end of February 2025 to lay down their arms.

The governor also announced plans to launch a joint security operation to tackle insecurity in the state.

Soludo said the operation is codenamed ‘Operation Udo Ga Achi’, which means ‘Let Peace Reign’.

The governor who briefed journalists at the Anambra State Governor’s Lodge on Tuesday, said his government has identified armed robbery, kidnapping, cultism and touting as the principal problems causing insecurity in the state.

He said: “As for touting, the State Anti-touting Agency codenamed SASA is tackling that in Onitsha and they are doing quite well.

“When we came in as governor, about seven local government areas were in the grip of hoodlums, but we took on them head on and liberated all those communities.

“Today, we hear that a handful of some of those criminals earlier dislodged have now come together and have been terrorizing the state.

“We have had reports of people being kidnapped, and vehicles snatched, but in the coming days, we will launch Operation Udo Ga Achi. We have procured here 168 patrol vehicles which would be distributed to various security agencies.

“Apart from the support we will be given the security agencies, we are also deploying ICT in the fight against insecurity.

“We are calling on criminal elements who would want to partake in our amnesty programme to come forward and surrender themselves and their arms. We are giving them from now to end of February to come and surrender and we will be ready to help them start life afresh.”

Speaking on the continuous incarceration of separatist leader, Mazi Nnamdi Kanu, and the fact that many of the criminals hide under the cover of his detention to perpetrate crime, Soludo insisted that indications have shown that what is happening is organized criminal enterprise and has nothing to do with Kanu’s detention.

He said: “I have been at the forefront of the call for the release of Kanu, I even said that in the worst case scenario, I was ready to keep him here at the Government House and produce him anytime he is needed.

“Part of the reason was that we really need to sit down, to interrogate this whole idea. But for people saying that the insecurity is because of his detention, I want to tell you that Nnamdi Kanu himself and IPOB, the organisation he leads, have made several press releases dissociating themselves from the kidnap for ransom and criminality that is ongoing.

“The truth of the matter is that criminals have now emerged, hordes of them organize themselves, using his (Kanu’s) name. I’m not so sure that even if he comes now and says stop that they will hear him. They have tasted blood and they will not stop. They go for kidnappings and they are making millions from it, so they will not stop.

“Imagine someone who is riding okada and they recruit him and he goes into the bush and all his life he has never had N100,000 at once and he joins the group and all of a sudden they do a successful kidnap operation and he gets one million or two from ransom. Tomorrow you think he will want to leave? In fact the one who tells him to leave the business will be his enemy.

“So the matter is much more complicated now and it is taking a life of its own. It is now lucrative business. All of them talking about agitation are just using that as a cover to get the sympathy of the people, especially those who are not informed. They present themselves as liberators. You are a liberator and you stay in the bush and you want us to believe you? They now add to it idolatry. The first thing they put in any town they go to is a massive shrine.”

The governor said henceforth, his government will begin to revoke lands of any community who harbour criminals. He added that members of such communities who give food or contribute money to take to them in the bush will be treated as collaborators.

He said “Also, any house that is found to have harboured kidnappers will henceforth become the property of the government.”
https://dailypost.ng/2024/12/17/anambra-soludo-declares-amnesty-for-repent-criminals-gives-feb-2025-deadline/