₦airaland Forum

I commend the move but I'll prefer when government agencies start giving press releases after success have been achieved. "To" gives too much vague hope, instead let it be - NNPC after working so many months were able to achieve 4800 MW.

My belief in Nigeria has been rekindled with many interests towards the 2019 election.

Nigeria will be great and I shall partake of its greatness

I commend the move but I'll prefer when government agencies start giving press releases after success have been achieved. "To" gives too much vague hope, instead let it be - NNPC after working so many months were able to achieve 4800 MW.

My belief in Nigeria has been rekindled with many interests towards the 2019 election.

Nigeria will be great and I shall partake of its greatness

The truth is we can't have a corruption free president who surrounds himself with criminals and because he can easily get support by paying some useless beings.

In this situation, Buhari is at fault

python1:
[s][/s]
Abba Kyari is a symbol of corruption. Even his face alone says it all, mischievously trickish. On a plane ground, I won't even go near him by 100m, I no know wetin make Buhari put that kind person for im govt.

I think there is a problem with Nigeria as a nation. It certainly will take a long while for us to have a proper system, that's if we are ever going to have one

In what might seem like a counter-protest, hundreds of persons were seen with placards with written inscriptions showing their support for President Buhari's CoS, Abba Kyari.

The solidarity walk is ongoing at Unity Fountain, Abuja



Lalasticala

D

According to this twitter user, he claims the new SGF Boss is a loyalist to Babachir Lawal.

He even alleged, Babachir sponsored his gubernatorial election in 2014.

See him tweets;

https://twitter.com/iam_2gunz/status/925012747909324801

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Lalasticala

Falz at the edge of greatness?

http://tushmagazine.com.ng/falz-on-the-edge-of-greatness/

This can't be ordinary man!

This is too much

Are these guys reasoning at all?

I mean, please sit down , take a cold bottle of water to cool your head then reason like a living man

Damn it

I just can't believe this

YoungRichRuler:
Nigerians and resource wastage.

Paying for advert just because you pay salaries?

My brother, the matter tire me.

Imagine the wastage. If you pay salary, do you need to loud it? Why not allow the recipients talk for you which holds more weight

Nicogen4us:
Is it with registered company at that age or just operating before registering the company.

Operational and registered.

According to Governor Yahaya Bello's Senior Special Adviser on New Media, Kogi state has paid for 300 pages of a national newspaper to publish names of civil servant that Has been paid their salaries.

The advert will run till January according to him,

See some of his tweets:

https://twitter.com/GbengaGOLD/status/922433200504365056


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Lalasticala

These guys are extremely funny. 35,000 people

I need a list of millennial generation founders (ages 20yrs - 28yrs)

If you know any young founder or CEO within 20yrs - 28yrs of age, kindly drop their names and brand/company name as well.

Info is needed for a new research.

Thanks.

Intels, an oil services company linked with the former Vice President Atiku Abubakar, appears to be in deep trouble, as the revenue agency, Federal Inland Revenue Service, FIRS, has placed a seal on its head office, asking the company to pay unremitted taxes.

It could be recalled that NPA recently cancelled its contract with Intels, claiming it acted based on advice by the Attorney-General of the Federation and Minister Of Justice, Abubakar Malami, SAN.

However, what appeared to be a much bigger trouble is that the Nigeria Free Zone Authority has written Intels, accusing the oil services company of operating illegally, within the zone.

As a consequence of the letter from the Free Zone Authority, multiple sources said Monday afternoon that the appropriate authorities such the Immigration Service may ask most expatriates operating at Intels to leave, especially as the expatriate quota Intels enjoys will be affected by this letter.

As it is now, there is palpable among expatiates because of the suspicion that FIRS may have acted against Intels based on the letter from the Nigeria Free Zone Authority.

But there are concerns that the latest “attack” on Intels may have unintended consequences on the Niger Delta, especially the host community as the company has youths from the region on its staff list. If Intels is crippled, they resultant unemployment may trigger restiveness in the region some indigenes fear.

Malami, had explained that the NPA contract was void from the beginning and was reported to have relayed the government’s decision to the Managing Director, NPA, Hadiza Usman, in a letter dated September 27.

NPA’s statement was signed by the General Manager, Corporate and Strategic Communications, Abdullahi Goje, where it maintained that it sought the legal advice after more than one year of attempts to get Intels to comply with the directive on the TSA.

The NPA explained further that the legal advice contained in a September 27, 2017 letter addressed to Usman, by Malami, expressly stated that the agreement for the monitoring and supervision of pilotage districts in the Exclusive Economic Zone of Nigeria permits Intels to receive revenue generated in each pilotage district from service boat operations.

It said that this was in consideration for 28 per cent of total revenue as commission to Intels was void, “being a contract ex facie illegal as formed for permitting Intels to receive Federal Government revenue.”

Source: https://nationaldailyng.com/fg-compounds-atiku-woes-seals-intels-office/

Lalasticala, mynd44

Maybe this can help out: http://tushmagazine.com.ng/work-romance-can-cake-eat/

My great mentor asked me one day, a few years ago, why after the appointment of a Receiver/Manager by GTB over the assets of HiTV I gave up fighting and just rolled into a semi coma.
He said this because; he knew how hard we fought to save it. I responded with the story of King David crying to GOD over his sick child but then quickly wiped his face off, ate and started drinking, when the child was pronounced dead.
You really just must know when to move on so that you can see and take the future opportunities that will come your way.

Thereafter, Solomon, the wisest and richest ruler of Israel was born to David because he looked and lived forward.

People who care, ask me what happened to HiTV and others in their supreme wisdom profess their own reasons. I have kept my peace and quietly moved on in life, until I wrote an article recently about 1 million Digital Jobs from the Creative sector. I realise, however, that if I am throwing a challenge to other entrepreneurs to be bold and creative, I, who used to be a poster boy for a generation and who failed after 5 years of a great business endeavour, owed it to them to share my HiTV experience.

Choose your shareholders carefully and know the implication of every clause in your Shareholders agreement, if you are going to sign one.

HiTV collapsed essentially because of a clause in our original Shareholders Agreement, which allowed a group of founding shareholders to block the company raising money or selling off a subsidiary. This right was exercised to block our capital raise because it was believed to be a possible ploy by another group to take control of the company. We the management were caught in the middle and it took us another 8 months to pursue the alternative that was acceptable to the shareholders but by that time the equity market had gone bust, leaving us groveling all over for debt.

Every power you give up has future ramifications so don’t sign away your life for what may be a quick fix or a “morsel of bread” as it might come back to bite you. The same right you give to Mr A and is used wisely, will in the hands of Mr B be used to destroy your dreams.

I failed to know and manage my investors properly, which made it hard for me to mediate when they didn’t see eye-to-eye.
Perception is EVERYTHING in Nigeria

Your neighbour, banker, staff, bloggers, enemies are watching you and it is not what you are that matters but what others see and are saying about you.

Once you are funded by other people’s money, either investors or bankers, it matters what they think. So your lifestyle must be measured. Even if you have access to other sources of income, you must be prudent in spending and seen to be prudent else it will be assumed that you are “extravagant” and/or diverting other people’s money for your own personal use.

Solely because it is common place in Nigeria for executives to mismanage corporate funds, people are quick to judge and assume every situation is the same . I never touched company money or take a single bribe or kick back. HiTV had full corporate governance rules in place and a budget that was jealously guarded by a Board that sat 6 times in a year. Even when I went out or travelled with a supplier, I always insisted on paying, but only my shareholders and management team knew that. This forthrightness of mine made me throw caution to the wind since I knew I was clean BUT unfortunately I didn’t realise the negative impact it could have on my reputation. The first thing your adversaries or haters target in order to bring you down, is your reputation. Protect it.

Whatever you do, train people and invest in them
One thing we did right was to invest in the lives of our people. I inspired all my staff, which grew to about 380 plus, in 6 locations in Nigeria and a London office, including over a thousand dealers, by making sure I led by example, sent them on trainings, exposed them to the international market and bought them books to read about Media, and very importantly made them know we were all in the same boat. If I was comfortable they also had to be, and if they were going through pains, we had to do it together.

I have always marveled at the Receiver/Manager and people who thought HiTV could be locked up with chains? HiTV is today a force in different companies making or waiting to make a difference.

However, make sure the people you train and inspire do the same to their sub-ordinates. Usually Nigerians are scared to pass knowledge for fear of being replaced and so you have to teach them to let others fly. Reading the 1 Minute Manager meets Mr Monkey taught me not to micro-manage and get people to earn their pay so that I can be free to do the bigger things. The balance to delegation is to make sure there is a system to ensure that those who are working are justly rewarded.

In the absence of a technical foreign partner, we learnt our trade on the job and intensive trainings and we were just implementing our robust researched systems and processes when the company was closed down. How I would have loved to see its results.

Equity Vs Debt

We gambled on building a company with debt with the hope of converting it to equity once we proved the model. As I said earlier, we were impeded from doing this at the right time. At 25-27% interest on debt, most businesses cannot survive and you will be a slave to the banks for life. That is why they take collateral from you. They lend against your collateral not your business case. Regardless of our strong cashflows, the funding requirements continued to increase. Similar businesses in Europe like Sky, Virgin, Polsat etc had worse debt profiles whilst building up their Brands and subscription models but their markets have sophisticated equity and debt.

Unfortunately, we have no sophisticated equity market and I mean Angel investors and/or Venture Capitalist in Nigeria and without that, who can survive?

It pains me to admit that someone told the then Minister of Information that Nigerians can’t fund our type of business and I was really hoping to prove him wrong but Alas!

We paid 40 million dollars for the first year of the second term of the EPL from mostly equity. But still had to come up with a guarantee of about 70 million dollars for the latter 2 years and in Nigeria, guarantee requires cash in bank. The alternative bank we were forced to use despite all their assurances and being offered half of the amount by another Bank failed to issue same on that fateful Tuesday and only offered it to us on Thursday. Meanwhile the EPL sold it to our competition on Wednesday morning.

Watch your debt profile. HiTV was paying an average of 1.1billion Naira approximately in interests and guarantee charges annually, for over 5 years! For a new company, we did a damn good job but really got blown out once our house was divided. I never live by debt and so was really ignorant about how interest works up till HiTV and of course since then you won’t catch me near it. But what do you do when you have to? They say internationally that “equity is more expensive than debt”, but that is NOT true in Nigeria. Debt is way too expensive and destructive.

At the end of it all I was sued in my personal capacity for the debts of the company by the bank, but we have since sorted out our differences, agreed, signed and filed terms of settlement in all legal actions. The Managing Director simply told me, when we finally met, that since we all owned the company, I had to pay out of the liability and not just dump it on them. It made total sense to me and I offered them what I had, they accepted and that was it. Fair is fair.

You can’t avoid a lot of skin in the game because investors will be looking for this.

You need Government and regulation on your side, I ignored government to my peril. The competition spent a lot of time courting all arms of government and I was a simpleton. We just expected the whole world to cheer Us.

Source: http://myacadaxtra..com.ng/2017/10/business-101-what-every-young.html?m=1

Lalasticala

It is in Odogbolu town

dottymanny16:
Please where is the location in Ogun state? Thanks

Okay, can work.

NevetsIbot:
hmmmn. sha if I need just three acres

I have 100 acres of farmland available for lease and also for partnership.

The land is in Ogun state and has a flowing stream by the side.

Lease is 10k/acre for a year and the minimum is 5 acres.

There is also a comfortable building with well furnished rooms.

Interested persons should holla at me via: +234/813/424/6086

Entrepreneurs should adopt the act of evaluating the performance of their businesses frequently in order to ascertain the level of growth and identify the areas where improvement is required. The SWOT analysis can be useful at any stage of business to identify strengths, weaknesses, opportunities and threats. The business owner can always try once in a while to check the milestone he/she has achieved, the customers the business has been able to amass and retain, and the revenue it has accrued over time – this is called evaluation. The entrepreneur can also carry out evaluation of:

Cost and Revenue
The entrepreneur should have depth knowledge of how cost and revenue relate in business. He/she must always be in a position to always break even quicker and make profits.

Customer Satisfaction
Customers satisfaction is the best way of sustaining a business, a business cannot retain a dissatisfied customer. Therefore, it is very important for an entrepreneur to often measure how satisfied his/her customers are.

Employee Satisfaction
Your employees are partners in progress and must be satisfied and motivated to work towards achieving goals at all times. Career prospect, incentives and training opportunities are part of the things that enhance employee satisfaction.

Goals Achieved
Evaluating how successful a business is when it comes to achieving its set goals within a specific period of time reveals a lot about its growth.

Gain in Market Share
If a business can work on increasing its market share in the industry within which it operates, there is a possibility that it can lead the industry. In Jeff Bezzos words, he said “market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital”.

Measuring Competitive Advantage
A business should be ready with strategies and innovation that will enable it to compete effectively. Competitive advantage can also be evaluated always in order to avoid failure or loss of market share.


source; http://tushmagazine.com.ng/6-evaluation-methods-business-growth/

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lalasticala, mynd44, dominique

In an age where sexuality has been a knack in front-race of existence, it is imminent to put aside all sentiment and not overlook the stars- sports and movie alike, being pampered by preferential treatment. Since Justin Fashanu committed suicide in 1998, eight tumultuous years after admitting to being gay while at Leyton Orient, the atmosphere has since changed. A look at the demography does not really support the way the subject plays. In Africa, it is impossible for a homosexual to come out as the law does not support the trend of homosexuality. Robbie Rogers of LA Galaxy FC came out after leaving Leeds of England. Eventually, the game will be the real deal in a hostile environment, or even just the fear of letting fans know who they really are is depriving football of that talk and maybe the talent.

Five sporting heroes who made headlines by publicly announcing as homosexual or bisexual

Nicola Adams


This woman goes down in history as the first woman to win an Olympic boxing title. She made no secret of her sexuality. She made comments about being bisexual and letting the general public of her fearlessness in her acceptance.

Gareth Thomas


The former Wales captain came out in 2009. Although it sent shocks through the sports chains but still received huge support from within the rugby world. He requested to be treated as a man and as a rugby player rather than a gay rugby player.

Tom Daley


Also an Olympic medallist, he confessed his love for Screenwriter Dustin Lance Black in a YouTube clip in 2013. Like every other person, he justified it as a weight being lifted off his shoulders.

Casey Stoney


Former England women’s captain and Arsenal women defender came out in 2014 while speaking with BBC. She emphasized on the issue of suicide among homosexuals resulting in fear to admit their sexuality.

Jason Collins


The tall basketball player came out in 2013 as he made history by openly coming as the first gay athlete in a major American Sports team. He revealed it during an interview granted by Sports Illustrated.


source; http://tushmagazine.com.ng/5-sports-heroes-homosexualsbisexuals/

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lalasticala

Loool

It looks like another scandal just hit the music industry and it's YCee vs Sony Music West Africa. Here's what happened! Back in October 2016, as part of Sony Music Entertainment’s expansion across Africa, the label announced that it had signed an exclusive deal with Ycee, who also confirmed it via Instagram. Well that deal has supoosedly now gone bad and YCee is calling them out.

http://www.lindaikejisblog.com/2017/8/you-just-wanna-reap-completely-of-mans-hardwork-and-sweat-ycee-calls-out-sony-music-west-africas-pioneer-general-manager-michael-ugwu.html

Lalasticala

Hello,

Please confirm if Instagram is down again as I can't access my account.

Lalasticala

Okay

Governor Yahaya Bello declared yesterday Monday, August 21st a public holiday to celebrate the safe return of President Buhari from the UK. The state governor, his commissioners, and civil servants took to the street to dance and express their joy at President Buhari's return. See more photos below


Source: www.lindaikejisblog.com/2017/8/photos-kogi-state-governor-yahaya-bello-joins-his-workers-on-the-street-to-celebrate-president-buharis-return.html

lalasticala, mynd44

Strike actions have become rife in the Nigerian labour force. Various unions and groups have continued to embark on strike actions across the country. According to Wikipedia, strike action is when a large number of workers stop working in protest. In academic institutions, it usually happens when staffs of the institution refuse to work, usually involving non-payment of salaries or administrative reasons. Industrial actions as it usually termed continue to claim significant space in the academic calendars of Nigerian Tertiary Institutions.



In 2016 alone, staffs of institutions such as the University of Ibadan, Obafemi Awolowo University Ile-Ife have at one time embarked on industrial actions. Ladoke Akintola University of Technology – an institution with a known history of strike actions, still has its staff members on strike since June this year. The frequent protests across institutions in the country makes it necessary to examine its impact on our educational system. It becomes important to ask, how does strike affect our educational system?



Agreeably, industrial action in schools distorts academic plans and programs. It keeps students out of schools and makes them open to social vices and indolence. The trend of strike actions across Nigerian tertiary institutions has resulted in an inconsistent academic calendar system, as against a uniform system which would ease policy and decision making for the government, administrators, parents and the students.



Incessant strike actions culminate into the erosion of academic quality. Industrial actions rob off academic time from school administrators and upon resuming from strike; they tend to rush academic work. This might mean foregoing important part of course work, shortening semesters and in turn bombarding students with a laden of academic work with limited study time. This problem usually reflects in student performance. In the long term, embarking on Industrial action causes students to spend more than the statutory duration in school. This has a ripple effect on the employment pattern where age is an important consideration for entry level jobs.



Conclusively, although industrial actions are essential negotiation tool in organizations or institutions, a surfeit of it have severe implications on the system, in this case, our educational system. Since negotiations are part of institutional operations, it is recommended that administrators (usually the government, since most of these schools are government institutions) and staff members devise an effective communication and dialogue system that would help find solutions without resulting in striking because strike has become a common enemy of Nigerian academic institutions and its impact on our tenuous educational system is lethal.


Source: http://tushmagazine.com.ng/impact-strike-nigeria-educational-system/

lalasticala, mynd44, seun

This is bad. Same issue, different era