obaataaokpaewu:
Oga this is not the latest tariff
These are 2016 tariff rates, most discos are using the 2017 tariff rates for now.
Mynd44, Lalasticlala you guys should at least research well before moving threads to front page.

Valentine’s Day is fast approaching and everybody is already thinking about what he or she is going to give out as a gift to that special person who means the world to them. Take a look at some money making gifts that will leave lasting impressions on your significant other.

Investment books

Books are priceless gems that can mould the future of an individual forever. What a perfect gift it will be if you carefully select a financial book that can help become a building block to her financial growth in years to come. There are several books that will prove useful in this regard, and they are available at very affordable prices online. I recommend the following financial bestselling books.

Sacred Success by Barbara Stanny: It is a book that dwells deeply on the subject of financial management and the fact that there are better ways for women to create wealth and power. It is more than a financial guide. It is available for just $17 online.

Prince Charming Isn’t Coming: How Women Get Smart About Money is another amazing financial book by Barbara Stanny that teaches women how to become smart and take charge of their finances. It is a heart to heart overview about the psychological and financial tools women need to equip themselves with in order to take charge of their financial destinies. It is available for just under $13 on Amazon.

Million Dollar Women by Julia Pimsleur is another blockbuster book I will recommend for your sweetheart for the Valentine season. It is an essential guide for female entrepreneurs who want to take their businesses to the next levels. Available for under $9 online.

How to Make Money on Instagram by Laura Ikeji. I haven’t read it but in just 2-3days, many copies have been sold on Payporte. Does bae love the social media or love taking pictures? Then this book will ultimately teach your bae to convert his/her hobby into a major money making business.


Monopoly board game


This is one of the oldest, financially educative board games in the world till date. It teaches about money and investments and is usually played between two players.

It is a nice gift idea for your loved one, especially during the Valentine season. The game is easy to play and comes with rules for both players to follow. The goal of Monopoly is to invest in real estate, earn cash flow, and have the most money at the end of the game.

The game involves lots of planning and decision making, so it is a great way to help your bae to develop an investment mindset. A classic edition of the monopoly board game costs just $14.82 and is available both online and in most standard bookshops in Nigeria.

The Game of Life

This is another exciting board game that is similar, yet quite different from the Monopoly board game. The Game of Life is an investment board game that is a perfect gift for the special lady in your life. It teaches financial skills like the importance of career and income.

I played it years ago and found it really exciting; a player chooses a path to follow, whether career or business. Depending on the path taken, you are bound to meet with several peculiar obstacles and you will have to make some financial decisions and at the end, these decisions will determine how you end up in “life”.

The player with the most money at the end of the game is declared the winner. It’s an absolutely lovely gift for lovers. It is available online for $20 or thereabouts.

Android phone preloaded with financial apps and games

Another creative gift to give your girl during Valentine celebration is an Android phone gift fully customized with video games such as The Game of Stocks, Stock Trainer: Virtual Trading, and Market Trends. You can also preload financial e-books – Money Management Tips, Money Manager, 101 Quotes by Robert Kiyosaki, 36 Ideas for Passive Income and The Secret of Getting Rich.

These apps and e-books will trigger her financial consciousness and help her develop her investment portfolio over time. The average Android phone can be purchased with less than ₦30,000 in the open market and you can do the customization yourself before presenting it as a gift to her on February 14th.

Buy her shares in some profitable companies and present the certificates to her

This is quite unique in the sense that most folks would never think about such amazing investment gifts that will last for quite a while. Some company shares have made the top gainers in the stock market for consecutive seasons and they are worth buying if the funds are there.

Another year has just begun and this is usually the best time to take stock of achievements in the previous year, while mapping out new goals for the future. One can give some thought to side hustles for augmenting his/her normal monthly income this year. As needs keep piling up and cost of living keeps escalating, creating multiple streams of income is one sure way to overcome the twin problems of lack and poverty in Nigeria.

We will be going through a list of 10 side hustles (small businesses one can do alongside normal jobs) and you can decide which of them will be suitable for implementation depending on your passion or funds available.

Manage social media platforms

Startup capital: N150,000


Payback period: 8-12 months

Estimated Income: N20k/Month

Market – Blogs, Small Businesses, Entertainers

The internet world has become a veritable marketing tool and more individuals are using social media to create a steady stream of income. Celebrities, companies and businesses are using these social media platforms to create profitable brands for themselves. All you need to do is study how these platforms work. Facebook, Twitter, LinkedIn, Pinterest, Instagram and YouTube are just a few social media platforms you can manage on behalf of clients which would make you earn serious money this year.


Online Tutor

Startup capital: N80,000 – N100,000

Payback period: 6 months

Estimated Income – N15k/Month

Market – Students, White Collar Workers, Job Seekers

By using Skype and other online platforms, one can become an online tutor and start making some serious cash regularly. People desire knowledge and information in some specific fields and are ready to pay for the information. For example, the current business in demand in Nigeria is the cryptocurrency business and lots of guys are still not aware of how it works. If you are knowledgeable about it, this is an opportunity to earn some money by teaching others who are interested in making profit from cryptocurrencies, at a fixed rate or fee.

Lesson Teacher
Startup Capital: None

Payback Period – Immediately

Likely Income – N100k/Month

Market – Students (Primary, Secondary, Professional)

The demand for specialised lesson teachers is on the increase. Parents increasingly want their children to excel in subjects such as Math, English and Science as they prepare for their common entrance or JAMB exams (or even ICAN exams). If you have a skill in any of these subjects, you can join a freelance tutoring ring, where you can be called upon to teach children an anyone looking to write an exam. You can also start on your own by teaching children in your estate or street.

Create an online course
Startup capital: N70,000

Payback period: 4 months

Estimated Income – N10k/Month

Market – Job Seekers, Students

This is another internet related side hustle that won’t disrupt the normal 8-5 job you do on week days. It is convenient, easy and hugely profitable. Create a blog or website and upload a specific course around a field you are an expert in. It can be an online course on creating income streams from fish farming, poultry farming or agro allied products. You can even create an online course on mastering Mathematics for students. The possibilities are endless. After uploading the course outline, you set your rate, then those who are interested will subscribe and start the course.

Write and sell profitable eBooks online
Startup capital: N20,000

Payback period: 7-8 months

Estimated Income – N30k monthly

Market – Students, Job seekers, Career Seekers, Entrepreneurs

An eBook is simply an electronic book. The world is diverging from paperback to electronic books and more people are keying into the eBook niche market. All you need to do is package information that people are willing to pay for and convert it into an eBook using free Microsoft Word to PDF converter online. Ensure that you are packaging very profitable information. Some years ago, I saw an eBook titled, “How to immigrate to Canada without spending a dime”. It was being sold for N5, 000 and feedback from buyers showed that it sold out.

Become an affiliate marketer
Startup capital: N50,000

Payback period: 5-6 months

Estimated Income – N15K/month

Market – Forex trading websites, Cryptocurrency websites, fashion sites, merchants etc.

There are thousands of companies online that are willing to pay you a commission for promoting their products and services; it’s called affiliate marketing. All you have to do is register free of charge on the affiliate site and get affiliate links which you can add to your website or blog, thereby pushing traffic to the sites. These sites have cookies installed that can track your affiliate links and record your sales. Once your affiliate sales get to a $100 threshold, you get paid.

Computer repair services
Startup capital: N30,000

Payback period: 4 months

Estimated Income – N10k/month

Market – Neighbours, Colleagues, Church Members, Friends and Family

Virtually everyone is becoming computer literate in Nigeria. The need for computer repairs is more in demand as computer users encounter one challenge or the other during the course of using their laptop or desktop systems. The computer repair person basically helps to restore faulty computer systems to their normal status, by using simple diagnostic equipment. It is a specialised skill that can add extra income to an individual’s pocket.

Refuse disposal service
Startup capital: N1million

Payback period: 7-9 months

Estimated Income – N120k/month

Market – State/LGA, Private Estates, Offices

Having a job is a sign of maturity, independence and an essence of survival. Being able to go to a particular place daily is a commitment that makes life worth living.

To have that expectation of being paid, your essence and purpose taken away from you is demoralizing. But it is not the end of you as a person. They (the company) lost, not you.
Let’s show you how to get a new job after such a bitter experience.
Getting fired from a job can be emotionally devastating and physically draining. If not well handled, it can inflict a deep scar on a person’s already bruised psyche. It is a sensitive and absolutely daunting event that every employee wishes would never occur in a lifetime. Unfortunately, it does occur and most times without warning. When it does, picking up the pieces could be a pretty herculean task. It takes so much effort and bravery to get up from the depths of despair and start all over again, the process of looking for a new job.

The unceremonious dismissal

On the 12th of July 2015, I was in the control room at exactly 4:23pm trying to write a daily routine report about the plant and other auxiliary equipment when the Chief Executive Officer walked in unannounced. He sat down quietly and within 10 minutes, a colleague of mine, Omoruyi, who was in the instrument and control department equally walked in and greeted the CEO. Unexpectedly, the greeting was not reciprocated. It was unusual for the CEO to behave the way he did, so I knew instantly that there was a problem somewhere, especially when he asked Omoruyi to have a private chat with him after this.

The next morning as we were going to work, the driver gave us the sad news of how Omoruyi had been given a letter terminating his appointment the day before. I was angry and at the same time confused as to why this hard working fellow had been fired. To add salt to injury, he was given 48 hours to vacate the company’s official guest house. It was a devastating blow to a man who was looking to build a career for himself with the company.



The truth about the whole drama of Omoruyi’s letter of termination was revealed a few days later when I called him on phone. He confided in me that management was not comfortable with the way he was fighting for workers’ welfare. The CEO was uncomfortable with his several moves to gather workers to fight for their rights. He terminated his appointment instantly to avoid the embarrassing situation of losing his position as CEO.

It was a huge blow to Omoruyi as his wife had just put to bed, twins. He had to travel back to Benin, to be with the family. He also had to pick up the pieces of his life and start planning ways to get back on his feet. He stayed positive in the midst of this turbulent time of his career. He had to be positive and remained focus on continuing to be relevant in the midst of the ugly situation that cut short his promising career.

Getting back on your feet
Maintain a positive attitude

Positivity is a key factor in your recovery from the shock of the loss of a job. The more positive an individual is, the more the possibility of the individual putting himself in proper shape for opportunities that may eventually show up in the no distant time.

He expressed no regret or resentment for being fired from the job. Omoruyi had every right to feel resentment towards the management he had served faithfully for more than seven years, but he refused to feel that way. He had no regrets for being fired for speaking his mind and fighting for the rights of co-workers. Resentment or regret over an issue as sensitive as a sack or dismissal can create vacuum in the life of an individual. He shared with me his thoughts on this when I visited him few months after his dismissal:

“My being fired was like a door had been shut against me. As long as I don’t regret or resent the CEO for my dismissal, other doors will eventually open up.”

Make use of your free time by improving on your knowledge and skills

Life after being laid off work doesn’t have to be boring. It should open new doors for upgrading one’s self in any area that needs upgrading. There are thousands of avenues available for one to improve and harness his skill level within a short period of time.

Weeks became months and when he saw that he could improve upon his knowledge and skill base, rather than staying indoors waiting for opportunities to show up, he decided to enroll for two online information technology programs. It was a smart move as the programs were free, and offered an amazing opportunity to upgrade his IT skills and add something unique to his CV. It took him three months to complete the programs which came with certificates of accomplishment.

Constantly be on the look-out for new job opportunities

In the midst of daily improvement and upgrading of his knowledge base, Omoruyi still went ahead to apply for different job openings in the power sector. A sector he had put in so much and had been trained both locally and internationally by Siemens Germany, a power generation company which deploys the latest IT technology in servers and power generation equipment worldwide. Twice he applied for vacant positions in two different companies. Twice he met with negative responses, but he never gave up.

Most times, after a sack, some just lose the passion to move on with their careers. It is like the wind had been taken out of their sails and they are totally grounded.

In July this year, I got the cheering news that Omoruyi had eventually gotten the much needed breakthrough he had always hoped for. He applied and got employed by a private power plant based in Edo state. It was pure delight I felt inside, as I knew what he had gone through during the past months while job hunting. His persistence had eventually paid off and he joined the new company as a middle management staff with a decent welfare package.

The interview process was conducted by Siemens Germany as part of their oversight functions in their capacity as operations and maintenance facilitators for the plant. Fortunately, owing to his training in Germany and his experience in his former place of work, Omoruyi was able to share his ideas about the power industry convincingly and Siemens was impressed by his abilities and skills in instrumentation and control monitoring.

Another added advantage was his 3 months online IT training program which was focused on latest trends in the deployment of server technology in power generation equipment; it proved helpful during his job interview as he had not just experience from his previous work place but also, his new found knowledge of the IT industry which gave him an edge over other applicants.

Apart from being persistent, one must have a solid understanding of one’s job and be willing to improve. So many people get lazy and complacent when it comes to expanding their horizons outside their job briefs. This may prove disastrous if things go south as a result of redundancy or restructuring.

*Owning land in Lagos can be seen as a good business venture as well as a wise futuristic investment
*Most times, while eager to purchase land in Lagos, people overlook tell tale signs of forgery and fraud in the excitement of becoming a land owner.
*This article will help guide you on how to purchase land with genuine realtors assisting you to work with honest people who want to sell their land without discrepancies

Lagos is the business hub of Nigeria and the economic capital of the most powerful country in Africa. It is interesting to note that Lagos state is the most populated state in Nigeria, as its economic viability makes it so attractive to millions of Nigerians who migrate there for business and other greener pastures.

Land in Lagos is….

One of the most sought after assets in Lagos is land. Getting deed of ownership over a land or property in Lagos confers on the individual some measure of competitive advantage, as he/she can become financially stable in time via this goldmine.

It is however important to note that land acquisition is a very tricky business and this can be attributed to the encumbrance viz a viz title ownership, family squabble, circumstances associated with it.

Knowledge of Lagos land-Deep dive

Omo-Onile



The omo-oniles are generally regarded as the indigenes or sons of the soil who want to take advantage over those who acquire lands for development in Lagos. They are also referred to as land grabbers who want to take advantage through violence and other means to dispossess innocent people of their hard earned land and property.

The actions of these notoriously dangerous group of people has become a recurring decimal in land issues in Lagos, as most people are scared of investing their money in land that they would eventually lose.

Barrister Matthew Ottah, a legal practitioner while quoting relevant sections of the law to drive home government’s intention to eliminate the activities of omonile titled “Law to prohibit forceful entry and occupation of landed properties ,violent and fraudulent conducts in relation to landed properties in Lagos “ stated that any Omo-Onile or land seller that disrupts work because the buyer refused to pay foundation or roofing fees, such omonile or seller is liable to a fine of N200,000 or be imprisoned for 2 months or both.

He emphasized on the need for government to match the law with actions to avoid Omonile from brushing aside these laws and continuing to wrecking havoc without facing the repercussions of their evil deeds.

Government intervention

The Lagos state government in full knowledge of the importance of removing any obstacles to land developers and genuine investors came to the rescue. They enacted the Land grabbing prohibition law in 2016 as a deterrent to the illegal activities of Omo-Oniles. Offenders are set to be given 21 years jail term with the passage of this bill into law by the Lagos state government. This noble gesture has withered down the activities of these illegal groups and positively affected the economic development of the state.

On how to buy a land without being cheated..

When you have an intention of purchasing a land, in any part of the world,its a given that you don’t run wild; investigations must be made, verification processes must be followed to avoid issues that may result in fraud, delay or multiple disagreements. Applying Caveat Emptor- Buyer Beware must be duly followed in the real sense of the word..Do not just rush in, employ the help and assistance of experts; lawyers, Surveyor, real estate agents etc..It pays to be cautious. Below are some steps you have to follow to ensure you do not get cheated. The list isn’t conclusive , but its a start;

Running a search and other verification process.

Running a search is cumbersome especially if you do not understand land technicalities. Your search should be focused on areas with future development and growth potential. Lands in such areas are usually cheap and affordable. One must also verify that the land is devoid of any encumbrances and government acquisition.You have to go to the States Ministry of Lands and Survey to conduct a search to ascertain the legal title owner of the land you intend to buy

Having an experienced Lawyer or real Estate Agent assist you in this regard will be helpful in ensuring a successful verified process. The presence of an online database of lands available for sale would have made it easier.

Fortunately ,Real Estate and property development companies have simplified the search and verification process by doing it on behalf of the client and making the process free of fraud and complexity .

Paying for the land

After search and verification is satisfactorily concluded and copies of documents of the land have been confirmed okay, you proceed to the ministry of land and survey Alausa for charting and once you are satisfied with the results, you go ahead to make payment.

On the other hand, if you buy from a registered Real estate company, the process is made less burdensome as all the technical details that has to do with the land including it’s charting has already been done on behalf of the client.

All you do is select a plot of your choice and fill the necessary documents which will enable them process your land title. You thereafter make payment to the company bank account.

Registering Title

Lagos State ministry of lands at Alausa is in charge of registering titles of every land within Lagos State . Survey plans, registered conveyance, registered deed of assignment and certificate of occupancy are the various approved titles every land owner must ensure he/she has intact.

Dr Eromosele Anthony Irabor, a real estate consultant with EUC Homes Lagos has this to say: “I always advice my clients to go for a land that has the best duly registered and approved title “

Securing the asset

After making payments and getting the necessary land title, it is important to secure the land to avoid encroachment. Mrs Yvonne, an expert in Real estate and properties, based in Lagos, said when asked about how best to secure an asset;

“It is very essential to fence your land and start raising the foundation as proof of ownership immediately after making payments. This will help secure your asset and scare away potential intruders”.

Putting up a structure to avoid land grabbers

The activities of land grabbers who go about looking for already acquired lands that have not been secured should not be toyed with.

After fencing and foundation work has been done, it is best to gradually start putting up a structure to send a strong message to land grabbers. The first step is to mold as many blocks as possible that can take the structure from foundation to lintel level. It is a phase by phase project especially for those with limited funds. Get to make an estimate of how much the type of structure you are planning to put up will cost and start as soon as you can.

Cost implication of purchasing a land in Lagos and getting title.

Two major factors determine the cost of land in Lagos. First is the location of the land while the second is the presence or absence of title of land. For example, Mrs Yvonne confirmed a sale she made six months ago involving a plot of land 100 by 60 feet.

That is 600sqm that went for N550,000 in Ibeju lekki. She mentioned that the fact that the land only had a survey plan made it cheap.

Three years ago she confirmed sale of plots of lands with C of O going for between N2.7 million to N3 million. The same plots of lands now go for as high as N5.5 million within Ibeju lekki

There are lands with registered title documents already, which is safer to invest in or buy out rightly. One determinant in the choice of land in Lagos is your budget and the location where you may wish to acquire the land. Presently, the most viable location to acquire land in Lagos State is Ibeju Lekki. The prices range from N2 Million to N30 Million depending on how close the land is to Dangote Refinery, Petrochemical and International airport.

What makes Ibeju Lekki an Investors Haven?

In comparison to other notable places like Ikoyi, Victoria Island, Banana Island and Lekki Phase one, Ibeju Lekki has all the potentials of becoming an investor haven. In the 70’s for instance, a plot of land in Ikoyi was sold for N2 Million, but the current rate is as high as N300 Million.

The smart investors who acquired land in Ikoyi then are now reaping huge dividends on their investments. The case of Victoria Island is similar, as far back as in the 80’s a plot of land was sold for N5 Million, but today, same dimension of land is sold for as high as N150 Million.

Lekki phase one was seen as a potential location for investors in the 90’s and few investors risked their hard earned cash on acquiring land in the fast growing Lekki phase one back then. A plot of land then was sold for N2 Million, but today same plot of land is as high as N100 Million and above. Smart investors took advantage when these locations didn’t attract any international project at that time. Their incisive decision soon paid off as they made over 500% profit on their initial investment after just a few years.

Certificate of Occupancy (C of O) and other legal issues

One of the advantages of acquiring land in Ibeju Lekki, is that one can get to buy from reputable Real Estate companies like EUC Homes, who has acquired massive plots of land within the Ibeju Lekki zone. What makes it even more interesting is that once payments are made, the C of O documents and the deed of ownership as well as other relevant documents are issued to the purchaser.

It is worthy to note that mortgage refinancing is also available for those who qualify for such facilities and this option is very attractive and less burdensome for those who can’t make bulk payment.

The standard dimension for most lands in Lagos state is 120 by 60. The average plot of land goes from N18 Million and above depending on how close they are to the International business hubs cropping up all over Ibeju Lekki

On good and viable land, Now what?

It is important to note that land acquisition is based on the potential for future development and the proximity to areas where access to basic infrastructure can be easily deployed. Based on these parameters, any serious investor should look out for lands in these three locations:

Ibeju Lekki
Badagry Express
Akute
These three locations are hot places to look out for, but for strategic reasons, I would recommend Ibeju Lekki. As at today, the number of international projects already lined up to commence in that zone, makes it viable for investors to acquire.These projects are;

Dangote Refinery
Lekki Free trade Zone
Lekki Epe International airport
Dangote private jetty
Lekki sea port
Pan African University

Hot Money is another name for Foreign Portfolio Inflows into an economy
Latest report by the National Bureau of Statistics reveals hot money inflow topped $2.7 billion in the third quarter of 2017 and $3.4 billion year to date.
FPI’s has for the last 5 years dominated foreign investor inflows into Nigeria.
It hasn’t always been this way and we will explain why and when things changed
Foreign Investors once again poured hot money into Nigeria as Nigeria’s capital importation for the third quarter of 2017 soared to over $4 billion. This is the highest quarterly inflow of capital into the country since the fourth quarter of 2014.

Table 1


Where are investors putting their money

A quick glance at the table above reveals that over 50% ($2.7 billion) of these funds was directed to Foreign Portfolio Investments, FPI. Specifically, the funds were invested in the Nigerian Stock market, dominated by equities.



The impact is as expected, very positive. The stock market is up 41% year to date and remains one of the best performing in the world this year.

The increase in FPIs is largely due to the introduction of the Investor and Exporter Window by the Central Bank, in February this year.

Following the successful operations of the window, foreign investors have continued to pour in billions of dollars into a stock market that was battered by the exchange rate crisis. Not to be left out of the bonanza that is being enjoyed by Nigerian Banks, they also funneled money into the debt market, buying the Federal Government’s juicy interest rate offerings of FGN Bonds and Treasury Bills.

The flip side of an increasing capital importation driven by FPI’s is that the funds are not directed at the critical sectors of the economy where investments are needed.

Hot money, as the name implies, means the owners are one trigger away from repatriating their funds should there be any sign of the economy faltering again. Unlike FDI’s which are more difficult to repatriate, hot money come and go like a hurricane, leaving in its wake a battered currency and worse economy.

One will have to go back in time to understand the root of hot money into Nigeria and how it has now become a mainstay.

When FPI became > FDI

The Central Bank data on capital importation going as far back as January 2007, provides some answers.



Between 2007 and 2009, Nigeria attracted a significantly higher FDI compared to FPI. In 2008, total Foreign Direct Investment into the country was as high as $4 billion, as investors poured in money in response to Nigeria’s impressive GDP Growth rate.

Nigeria’s GDP Growth rate average 7.5% between 2007 and 2010 with nearly all sectors attracting significant FDI inflows.

So where did it all go wrong?

The switch

Nigeria started attracting a significant inflow of hot money in 2010 after the immediate past CBN Governor, Sanusi Lamido Sanusi was appointed. In one of his major forex policy actions, he lifted the one year restriction placed on repatriation of foreign investments into Nigeria, giving Nigeria access to foreign capital. The restriction previously put in place by Soludo, dissuaded the repatriation of capital out of Nigeria.

Facing dwindling reserves (which had dropped from $43 billion in June 2009 when he was appointed Governor to about $37 billion a year after), Sanusi had to lift the restriction to attract more foreign capital.

This also coincided with a period where the United States and much of the West adopted Quantitative Easing (a policy that had governments pump money into markets as a stimulus). As US Government pumped capital at near zero rates, investors moved the funds to emerging markets like Nigeria where interest rates and returns were higher.

By the time the CBN’s policy kicked in by 2012, reserves had risen to $40 billion in September of 2012. It was no surprise that FPI rose from about $4.4 billion in 2011 to about $13. 4 billion in 2012. The growth was unprecedented and most of the funds poured into equities. By 2013, it had risen to $17.3 billion while FDI plummeted to $1.2 billion.

Policy response

The CBN knew that by opening the flood gates of capital importation and easy repatriation, the risk of hot money was real. In response, the CBN Monetary Policy Committee acknowledged the threat and gave assurances that it was under control

this increase reflected generally favourable commodity prices and inflows of capital in response to the removal of restrictions on repatriation and high domestic interest rates, as well as stable exchange rates. the committees noted the assurances that total “hot money” in the system is under strict surveillance and the bank is satisfied that the figure of us$5 billion does not pose a threat to financial stability in view of the current level of reserves. mpc of may 21, 2012

Same observation was made a few months later as a challenge

potential large inflow of “hot money” resulting from further monetary easing in the us and europe and improved yield on fixed income instruments; september 18, 2012.

Despite this acknowledgement, they had no option but to hope that the economy will remain in good shape, until at least, FDI’s start to pick up. As the crash in oil prices that began in the summer of 2014 ensued, hot money once again found its way out of Nigeria, policy makers reacted poorly; leading to a crash of the naira, deepening of the economic crisis and eventually a recession.

Is Hot Money bad?

Whilst not the preferred form of capital for most economies, it remains one of the major source of capital flows into emerging markets. Despite being short-term, it helps countries meet their balance of payment obligations thus stabilizing exchange rate and attracting even more inflows. It is typically a risk when the economy experiences shocks as its withdrawals often leads to exchange rate crisis, like was witnessed between 2014 and 2016.

Nigeria needs FDI’s but will continue to struggle until it can solve its myriad of challenges. The government will have to get its fiscal policy right, while it promotes efforts at industrializing the economy. Nigeria’s power challenges will have to be sorted out as well as ramp up its efforts at improving ease of doing business.

These are all long-term solutions meaning that hot money will continue to remain the major source of capital importation for Nigeria for the next few years.

Every organisation has its challenges. Working in an office environment with people from different facets of the society entails understanding and patience. At the end of the day, to ensure productivity, career development and longevity, it is expected that there must be team work and a good working relationship between colleagues and their boss. This does not mean that these conflicts do not arise. When they do, situations tend to escalate in to situations that cannot be understood.

Still there should be a decent limit to what we ought not do in any given situation. When you are quitting your job, granted, your emotions may be all over the place . Good or bad, there are comments one should not make under any circumstance; it is advisable that you avoid these phrases when you are quitting your job.

”Go To hell with you and the job”

Apart from being a swear word, it is unethical to abuse your boss when you have been fired. Remember, there is always a relationship after the job and that same individual you swearing at can initiate your recall. Emotions can run high at the sight of a sack letter, but no matter how painful it may seem, keep your emotions in check and avoid using the wrong words that can reduce your chances of getting recalled back to work. It’s a bit tough on men than women, considering the thought of how a job loss can impact negatively on the home front. Silence and a polite word of appreciation for all the opportunity given by the company will suffice.

”I regret working in this company”

Never regret time spent working in any organization. Every second you must have spent there may prove valuable at the end of the day. Instead of regret, be motivated to explore other possibilities within the confines of your passion or dreams in life. The fact that a door of opportunity has been closed on you does not signify the end of the world. There are numerous doors waiting to be opened. Discard any word of regret and be thankful to your bosses and company.

”My Heart was already out of here”


It’s a commonly used phrase by most individuals who get fired at their place of work. The implication of this word is that you never had total commitment to the job. It’s a sign of lack of respect and disloyalty to a company that had been taking care of you on a monthly basis. Not every thought that crops up in your mind in a moment of anger needs to be uttered. Some words are better left unsaid.

”I already have a better offer elsewhere”

Absolutely unnecessary for you to tell your boss about a better job you already had. It would be better you put in your resignation letter than wait to be sacked before telling them you already had eyes elsewhere. The grass may appear green from a distance, but at closer view it may not be all that green like you assumed. Every cooperate entity requires respect, commitment and total allegiance. Uttering words that indicate otherwise may hurt your future endorsement by them.

”At last am free from all the troubles”

This is an immature way of talking to your employer after a sack. It connotes a lack of freedom and flexibility before the sack. People often feel this way because of job pressure being mounted on them daily. It’s all about achieving the company goals and target and not about personal vendetta. Never take what has happened previously to heart. That same boss of yours can link you up with something bigger and far better in the future. Be nice and courteous in your words. It’s difficult to retrieve words after they are spoken. Better not to be said than to regret saying hurtful words.

Getting fired at work or leaving under unfavorable conditions may be absolutely devastating to the average individual but the norm is to avoid these phrases that can damage rather than build a profitable relationship in the future. The Job industry worldwide is very volatile and the greater the number of positive recommendations one gets from his/her previous employer, the better the chances of getting another shot at getting back into the industry or going on to better prospects.