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 Politics › Lagos Controls 50.7% Of Non Oil Gdp,has About 2000 Industrial Complexes... by Ofemannnu(op): 9:05pm On Mar 17, 2016 |
Lagos Global, Taxation And Lagos Economy Tayo Ogunbiyi Governor Akinwunmi Ambode of Lagos State Lagos, no doubt, has enormous potential for economic growth. Despite not being an oil producing state, it remains one of the few states in the country that is self sustaining. Its growing economy derives its strength from commercial and financial activities. Lagos accounts for 20.2 percent of Nigeria’s nominal Gross Domestic Product (GDP) and 50.7 percent of non oil GDP as well as being home to about 2,000 industrial complexes, 10,000 commercial ventures and 22 industrial estates. Aside this, Lagos alone consumes about 45 percent of petroleum products in the country. It is in order to effectively leverage on the potentials of the Lagos economy for optimal efficacy that the state Governor, Mr. Akinwunmi Ambode, made the establishment of the Office of Overseas Affairs and Investment, generally known as Lagos Global, one of his earliest tasks. The office, which was set up to help achieve the vision of Lagos State as Africa’s Model Megacity and Global Economic and Financial Hub that is safe, secure, functional and productive, is designed to be a one-stop shop for foreign investors. Drivers of the Lagos Global initiative, are to, among others, initiate, formulate and evaluate policies relating to the promotion of inward and outward investments, liaise with embassies, chambers of commerce, ministries and agencies on foreign relations, promote state export potentials, facilitate foreign direct investment and inter-ECOWAS/African Union commerce and trade as well as facilitate export promotion, fairs and exhibitions to showcase the economic potentials of Lagos. Since inception, Lagos Global has been providing a boost for investment drive as well as the general growth of the state’s economy. Recently, German manufacturing firm, the Knauf Group International, expressed its readiness to commence work on a N14 billion manufacturing firm in the state. This came to fore when the German Ambassador, Michael Zenner, led a group of German diplomats and investors on a courtesy visit to Governor Akinwunmi Ambode. Other local and international investors have since been signifying their interests in doing business in Lagos. In recent time, the state government has played host to investors from Dubai, United States of America, Namibia, Middle East, Europe as well as our own Dangote Group of Companies. With the state already having various investments commitment in the region of about N500 billion from both local and foreign interests, it is safe to affirm that Lagos would surmount the present global economic downturn. It is, however, important to stress that it is in entrenching the right culture of taxation that the Lagos’ economy could essentially thrive better. All over the world, governments rely on taxes paid by the citizens to finance their activities. Revenue accrued from tax is used to provide jobs, upgrade public infrastructure and provide medical care among others. Taxation helps in maintaining the stability of any country’s economy. The significance of taxation to the development of any economy cannot be over stressed as it is a major tool for socio-economic advancement. In Lagos State, it is rather regrettable that only about 3 million Lagos residents out of a taxable adult population of about 8 million that pays their taxes. The reality of this development is that only 3 million people bear the burden of over 20 million Lagosians. It is crucial to stress that, with dwindling oil revenue, the only way forward for a growing mega city like Lagos, where peoples’ expectations of government are always high, is to establish an efficient system of taxation. This is why the recent announcement that the state government had widened its tax net to include more groups and individuals is a welcome one. Accordingly, the state government has started the process of overhauling the informal sector with a view to ensuring voluntary compliance by all tax payers. Towards this end, three categories of tax payers, namely market men/women, artisans, micro, small and medium-scale enterprises and domestic staff had been classified in the sector. They are expected to remit one per cent of their earnings to government’s coffers. To ensure optimal success of the new tax system, in addition to the traditional bank portal, new payment platforms, including POS, online and other electronics multi-modal system had been introduced to make it easier for residents to remit their taxes. Similarly, a review of the tax Form A of the Personal Income Tax Act had also been carried out while the guide notes are to be translated into more indigenous languages and pidgin for effective understanding. In order to guard against corruption among State’s Tax Officers, stringent disciplinary measures have been put in place. Being a melting pot of people from diverse parts of the world as well as the commercial and economic hub of West Africa, Lagos has peculiar infrastructure needs. There is, perhaps, no other state in the country that contends with as much pressure on its infrastructure as Lagos. The financial force required to promote Lagos infrastructure to the standard of developed mega cities of the world is, undoubtedly, enormous. This is why taxable Lagos residents must partner with the state government through prompt and voluntary payment of taxes in order to attain the Lagos of our collective dream. This is the path that is toed by all advanced democracies of the world. This is the only way for Lagos to achieve a stable and prosperous economy. This is the right thing to do. http://www.pmnewsnigeria.com/2016/03/16/lagos-global-taxation-and-lagos-economy/ |
| Sports › Re: Paul Arkwright Meets With Ajose-Olusegun & Ekundayo In Lagos (Photos) by Ofemannnu: 7:01pm On Mar 16, 2016 |
aim5:Who is this Mathy haha? |
| Culture › Re: White Students Of Yoruba Language University, U.S Singing Yoruba Hymn!(video) by Ofemannnu: 6:08pm On Mar 16, 2016 |
Gentleveks:Don't mind them.Post it and let us jubilate because in a world that has millions of languages,for an indigenous language like yoruba,igbo and hausa to be recognised by the first world is really a big deal.And going through a lot of stress to learn how to sing in a language that is not yours is worth giving kudos to.Pls,post that of whites singing in Igbo language. Chukwu gozie. |
| Sports › Re: Paul Arkwright Meets With Ajose-Olusegun & Ekundayo In Lagos (Photos) by Ofemannnu: 4:49pm On Mar 16, 2016 |
aim5:What is that? |
| Crime › I Sold Ifesinachi Ani To Emir Of Zazzau-abductor by Ofemannnu(op): 2:42pm On Mar 16, 2016 |
· Says he sold the girlhttp://www.authorityngr.com/2016/03/IFESINACHI-S-ABDUCTION--Linkman-fingers-Emir-of-Zazzau/ |
| Education › Re: List Of The Most Liveable Part Of Nigeria for people of all tribes by Ofemannnu: 12:18pm On Mar 16, 2016 |
Harbioollah:United States of Fulani Herdsmen...lolly pop |
| Politics › Re: Rumour About Amaechi Manhandling Our Officer Is Untrue-police by Ofemannnu(op): 5:38pm On Mar 15, 2016 |
otokx:Na wah for you o.lalastilala lalastilala lalasticlala lalasticlala lalastilala That name sounds majesticlala... |
| Politics › Re: Rumour About Amaechi Manhandling Our Officer Is Untrue-police by Ofemannnu(op): 5:26pm On Mar 15, 2016 |
How dare you? |
| Politics › Rumour About Amaechi Manhandling Our Officer Is Untrue-police by Ofemannnu(op): 5:24pm On Mar 15, 2016 |
Rumour about Amaechi manhandling our officer is untrue- Police ON March 15, 20164:17 PM/IN News /Comments The Rivers State Police Command has dispelled the news story that went viral in the social media that former governor of Rivers State and minister of transportation , Hon. Chibuike R. Amaechi, on the 12th of March arrested and manhandled a policeman along Port Harcourt-Omagwa road. Amaechi According to a statement by Ahmad Muhammad, the Police Public Relations Officer, PPRO, of the Command said “initially the Command decided to keep sealed lips but observed the untrue story continuously went viral and unabated. “Consequently, the Command wish to state categorically that the story is untrue and that did not happened. “Members of the public are hereby enjoined to discountenance and ignore the story in its entirety,” the statement urged. http://www.vanguardngr.com/2016/03/rumour-about-amaechi-manhandling-our-officer-is-untrue-police/ |
| Politics › Re: Photo Of Beheaded Franklin-Obi, APC Ward-Chairman In Omoku,rivers State by Ofemannnu: 5:21pm On Mar 15, 2016 |
Too badt |
| Politics › Killing Biafra. by Ofemannnu(op): 8:44am On Mar 13, 2016 |
ON March 13, 20163:47 AM/IN The Orbit/ LL By Obi Nwakanma I confess: the title of my essay today is not original. It was first penned by the now late Agwu Okpanku, Classicist and journalist trained at Ibadan and Cambridge, in his column, “The Third Eye,” published in the now defunct, Enugu-based newspaper of the 1970s, Renaissance . Agwu Okpanku was a fierce critic of the post war attempts by the Federal Military Government of Nigeria, under the leadership of Yakubu Gowon, to erase all evidence of Biafra from national memory. When Agwu Okpanku wrote “Killing Biafra,” he was simply reminding the triumphalist power of that moment, about the indelicacy as well as the futility, in decreeing oblivion. Biafra was an independent republic. For three years it fought for its sovereignty. Biafra It had symbols; it had documents, and it had a material presence which the Federal Military Government’s policy was working rather too hard to erase, in uninformed attempts to force “one Nigeria” down the throat of former Biafrans. So, for instance, the Uli Airport, which could have been preserved for its historical significance and value was bulldozed; the Bight of Biafra suddenly became “Bight of Bonny;” material evidence that had any hint of Biafra were seized and systematically destroyed, or kept sealed – until Babangida established the National War Museum in Umuahia. It would have been tolerable if the former Biafrans felt a welcoming sense of justice and acceptance to “one Nigeria.” But, no. A lingering sense of alienation remains from Nigeria’s mishandling of the policy of the “The Rs” announced at the end of conflicts. In actual fact, at the end of the war in 1970, Sam Ogbemudia as military governor of the Midwest had quickly made contact with the now late T.E.A Salubi and Dr. Nwariaku, one of the great Biafran scientists, and a key figure of the Biafran Research and Production (RAP) department whose innovations in war production gave insight into the capacity of the black mind, and quickly made a case at the Council of States for the Gowon administration to urgently gather these scientists, rehabilitate them, and use RAP as the basis for Nigeria’s industrial revolution. Ogbemudia was strenuously opposed by his colleagues in the council: nothing of such should be done with “the rebels,” he was told. Post war federal policy, not surprisingly, was at odds with reason, and it was soon clear to those who had fought for Biafra that the Federal Military Government’s policy of “reconciliation and rehabilitation” was no more than a hollow pact calculated to disarm the Biafrans. Since 1970, the mindless and tragic exploitation, and the strategic policy of neglect has left areas of the former Eastern region bitter, frustrated, and alienated. The Federal government, using its divisive politics and narrative of sectionality have tried to emphasize regional differences between what it has often falsely described as the “Niger Delta” and the South East. The fact that much of Igbo land falls into what is geographically the Niger Delta has been obscured by the convenient geo-political narrative of difference that has long been promoted by the self-interested powers, who have used the ploy to exploit and contain any upsurge of defiance from the East in the last forty years. But a new generation, many born in the war and after it have seen through it all: how come, many of them now ask, that the areas from which much of Nigeria’s oil wealth was exploited have benefited very little from the exploitation of the resources in their region? The direct benefits of what should have been an oil economy went in the enrichment of people outside the region. Not even many Nigerians have benefited from this product, oil, now in its dying phase as an economic factor. One of the significant aspects of the old East is its contiguity. What happens in any part of the region is quickly telegraphed to the other. Gas flare in Izombe is felt in Port Harcourt. Oil spill in Eleme is quickly felt in Asa and Aba. If an explosion happens in Eket, you will quickly feel its reverberations in Owerrinta, or Ohambele or Bori. It is fifteen minutes from Aba to Ikot-Ekpene on a good road, and to Uyo, less than 45 minutes. Only a bridge separates Itigidi from Afikpo. Asaba and Onitsha are just like St. Louis and East St. Louis, as with the other, linked by the Eads Bridge across the Mississippi, one in Missouri, and the other in Illinois, yet inexorably linked. From Yenegoa, Degema, through Elele to Owerri is as much distance as from Owerri to Enugu, and it is such contiguity that makes the Eastern areas of Nigeria a powerfully attractive economic belt as well as a disaster waiting to happen. The interconnections and linkages is most probably the factor that is driving the new Biafra and the Niger delta movement into a single defiance movement. The growth of this single movement quite frankly poses a security threat to this nation that no president should, or can ignore. It requires a strategic and comprehensive response; that much is true. Whatever response to this movement however must begin from the framework that the new Biafra movement is the result of both political and economic frustration and alienation. It did not begin with this administration, but it is growing exponentially, and is compounded by what seems to be the President’s tunnel vision; his unwillingness to address this question like a statesman not much rather like a belligerent soldier. Thus far, the president’s response to the Biafran agitations, which is currently at its peaceful stage, is ego-driven, and frankly immature, and does not lend itself to the kind of thoughtfulness and diplomacy required of a president whose duty above all else is to secure peace by all means necessary in a fragile multi-ethnic nation such as Nigeria, in order to achieve common prosperity. The growing Biafra question is looking most certainly to define the Buhari presidency. The president looks all set to entangle Nigeria in a long and unwinnable conflict that threatens to snowball into another civil war if improperly handled. Last week, the president lost a great opportunity to address it and scale it down. He was confronted with this question in an Al-Jazeera interview, about Biafra and the administration’s authorization of the killing of unarmed Biafrans by soldiers. The president refused to see recorded evidence available to Al-Jazeera of the killing of unarmed, peaceful protesters asking for a “Biafran referendum” in Aba. He snapped at the interviewer who asked if it is not better to meet with them than shoot them. “Why Should I meet them?” the president asked, bristling. This president puts himself in an actionable position in justifying the use of maximum force and the killing of an unarmed civilian population protesting peacefully within their rights. The president’s claim that their agitation for Biafra is intolerable, is itself intolerable under democratic rule. What the president is doing is deliberately pushing a currently unarmed movement towards an inevitable armed conflict, and a widening of the field. The images of the shooting of civilians is a great recruitment tool for the Biafrans, as more and more people once indifferent to it are quietly joining from deep anger at these images. This president, we use this column again to plead with, should not push Nigeria into another civil war, by his actions or inactions, because there is no greater threat to the security of a nation than a deep sense of injustice and alienation felt by a great number of people. President Buhari fought in the last war and must certainly realize that there is no such thing as a “cake-walk” in war. It is important that president Buhari’s advisers tell him that it is still early and possible to contain this Biafran movement peacefully, and prevent its next inevitable phase, the armed phase, which will happen if the young leaders of this movement begin to feel that no one is listening to them; and that they have no other option than to defend themselves militarily against the government’s use of force. We must never arrive at this moment, Mr. President. Therefore, it is important that all parties, from the federal authorities to the new Biafrans, show good faith and meet and listen to each other. President Buhari ought to take the initiative to meet because he is the president – the adult in the room. Otherwise, he might just have a great, complex situation unfolding in startling ways before him. It is not possible to “kill Biafra” with threats. We have said this before. It needs repeating. http://www.vanguardngr.com/2016/03/killing-biafra/ 1 Like |
| Culture › Re: Ooni Ogunwusi Pays Wuriaola's Dowry; New Wife Steps Out In Royal Wedding Outfit by Ofemannnu: 8:38am On Mar 13, 2016 |
humbleself242:lol |
| Culture › Re: Ooni Ogunwusi Pays Wuriaola's Dowry; New Wife Steps Out In Royal Wedding Outfit by Ofemannnu: 8:38am On Mar 13, 2016 |
humbleself242: |
| Politics › Re: Nigeria Won't Tolerate Biafra-buhari by Ofemannnu(op): 10:46pm On Mar 05, 2016 |
babyfaceafrica:Maybe we should ask lalasticlala. |
| Politics › Nigeria Won't Tolerate Biafra-buhari by Ofemannnu(op): 10:31pm On Mar 05, 2016 |
March 5,2016. By Levinus Nwabughiogu President Mohammadu Buhari has stated the Nigeria would not tolerate the state of Biafra. The president spoke against the backdrop of the renewed agitation for the actuation of the republic of Biafra. Speaking to Aljazeera television during his last visit to Qatar, president Buhari recalled that over two million lives were lost during the Nigeria civil war between 1967 to 1970 on the demand of a Biafran state. He said "At least two millions Nigerians were killed in the Biafra war. And for somebody to wake up may be they weren’t born. Looking for Biafra after two millions people were killed, they are joking with the security and Nigeria won’t tolerate Biafra.” Also speaking on the state of Nigerian economy and the pressure to devalue the Naira , president Buhari stated that Nigeria was prepared to go against the advice on International Monetary Fund, IMF in that regard. He maintained that the devaluation of the Naira would not pay Nigeria, saying the country was purely an import nation. He also stated their despite the plummeting crude oil prices in the international market, it would pay Nigeria to remain in the Organization of Petroleum Exporting Countries, OPEC. “If it is against our national interest, why can’t we go against the IMF advice?” Buhari asks. "We were unable to diversify our economy, hence we are much more disadvantaged by the lower oil prices. Nigeria will make the necessary sacrifice to remain in OPEC", he said. Asked to comment on the anti-terrorism war, the president headed a sigh of relief that no local government area of Nigeria was under the control of the Boko haram insurgents as was the case when he assumed office in May 2015. http://www.vanguardngr.com/2016/03/nigeria-wont-tolerate-biafra-buhari/ |
| Top Pages › Re: Meet The LAUTECH Graduate Building Flying Engines From Locally-sourced Materials by Ofemannnu: 10:26pm On Mar 05, 2016 |
Ritchiee:lol |
| Top Pages › Re: Meet The LAUTECH Graduate Building Flying Engines From Locally-sourced Materials by Ofemannnu: 7:50pm On Feb 29, 2016 |
Is this not the guy that was hyped to have built a drone in 2014.These are toys joor.  |
| Politics › Re: This Is How The First DNA Forensic Laboratory In Nigeria Will Reduce Crime Rate by Ofemannnu: 9:12pm On Feb 24, 2016 |
Ritchiee:Hen he |
| Politics › Re: New Militant Group “NDA” Blows Up Forcados Major Trunk Pipeline, Lists Demands by Ofemannnu: 4:11pm On Feb 19, 2016 |
I SAW THIS IN THE NEWS AND IT WAS LIKE..WOW..IS THIS TRUE? UNDER THE TITLE:Autonomous sources control prices of dollars – CBN AN IBADAN FIRM EXPORTED 9 BILLION DOLLARS WORTH OF INDUSTRIAL STARCH...PROPAGANDA? Abuja – The Central Bank of Nigeria (CBN) says autonomous sources such as exporters and correspondent banks now control the price of dollars in banks and the Bureau de Change (BDC) segment. The Director, Corporate Communications, Mr Mu’azu Ibrahim, said this in an interview on Friday in Abuja. He said although the price of Naira remained stable at N197 to a dollar and N284.1 to a pound sterling at the interbank market, it was hovering at the parallel market. The Naira changed for N373 to a dollar and N505 to pound sterling on Friday in Abuja. Ibrahim said customers would also find Forex expensive in the banks or while using their debit cards abroad because the Forex got by banks from the CBN was not sufficient for all transactions. He explained that for this reason, banks reserved the Forex they got for developmental transactions, especially to manufacturers looking to import necessary materials to aid the real sectors of the economy. Ibrahim said although the CBN had not put a ban on accessing Forex for school fees or medicals, it was not a priority so banks might use their discretion to allocate or not to allocate Forex for such. “They should be able to use their discretion, looking at their capacity to source from the interbank and the other autonomous sources. “However, people may expect to hear about the rates; people need to understand that if banks source for Forex from the interbank, the rates at which they will sell to customers will be guided by the interbank rates. “But if they source it from the autonomous sources, the rate they will sell that specific portion will be guided by the rates at which they buy from these autonomous sources. “ CBN has not given any directive to banks to stop selling Forex for school fees and medicals, and I can confirm to you that the CBN sells through the interbank what the banks are allowed to finance. “There is no ban; there is no restrictions, but priorities will be given to demand for raw materials, plants and machinery,’’ he said. On the issue of hike in food prices since the CBN excluded importers of 41 items including rice, processed meat, vegetables, toothpick, among others, from sourcing Forex, Ibrahim said it was only temporary. “By not importing those items we are saving the Forex demand on the market and the reserve and, at the same time, boosting local production. “The ban of these products, particularly agriculture products have begun to have positive effects on the economy. “I was in Ibadan last week and was encouraged by a producer that rose from Cassava farming to processing and that farmer is now producing industrial starch which is in high demand. “Some companies, large corporations that were importing industrial starch are now sourcing from that company in Ibadan. “I was happy when the producer said that last year, they were able to record nine billion dollars in exports; this is encouraging. “There are many like that and once we give them time, the market will improve. “So my advice to Nigerians is to think Nigeria, act Nigeria and buy Nigeria; let us patronise made in Nigeria goods,’’ he said. Read more at: http://www.vanguardngr.com/2016/02/612215/ |
| Politics › Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Ofemannnu(op): 4:00pm On Feb 19, 2016 |
Abuja – The Central Bank of Nigeria (CBN) says autonomous sources such as exporters and correspondent banks now control the price of dollars in banks and the Bureau de Change (BDC) segment. The Director, Corporate Communications, Mr Mu’azu Ibrahim, said this in an interview on Friday in Abuja. He said although the price of Naira remained stable at N197 to a dollar and N284.1 to a pound sterling at the interbank market, it was hovering at the parallel market. The Naira changed for N373 to a dollar and N505 to pound sterling on Friday in Abuja. Ibrahim said customers would also find Forex expensive in the banks or while using their debit cards abroad because the Forex got by banks from the CBN was not sufficient for all transactions. He explained that for this reason, banks reserved the Forex they got for developmental transactions, especially to manufacturers looking to import necessary materials to aid the real sectors of the economy. Ibrahim said although the CBN had not put a ban on accessing Forex for school fees or medicals, it was not a priority so banks might use their discretion to allocate or not to allocate Forex for such. “They should be able to use their discretion, looking at their capacity to source from the interbank and the other autonomous sources. “However, people may expect to hear about the rates; people need to understand that if banks source for Forex from the interbank, the rates at which they will sell to customers will be guided by the interbank rates. “But if they source it from the autonomous sources, the rate they will sell that specific portion will be guided by the rates at which they buy from these autonomous sources. “ CBN has not given any directive to banks to stop selling Forex for school fees and medicals, and I can confirm to you that the CBN sells through the interbank what the banks are allowed to finance. “There is no ban; there is no restrictions, but priorities will be given to demand for raw materials, plants and machinery,’’ he said. On the issue of hike in food prices since the CBN excluded importers of 41 items including rice, processed meat, vegetables, toothpick, among others, from sourcing Forex, Ibrahim said it was only temporary. “By not importing those items we are saving the Forex demand on the market and the reserve and, at the same time, boosting local production. “The ban of these products, particularly agriculture products have begun to have positive effects on the economy. “I was in Ibadan last week and was encouraged by a producer that rose from Cassava farming to processing and that farmer is now producing industrial starch which is in high demand. “Some companies, large corporations that were importing industrial starch are now sourcing from that company in Ibadan. “I was happy when the producer said that last year, they were able to record nine billion dollars in exports; this is encouraging. “There are many like that and once we give them time, the market will improve. “So my advice to Nigerians is to think Nigeria, act Nigeria and buy Nigeria; let us patronise made in Nigeria goods,’’ he said. Cc:Lalasticlala,Mynd44 Read more at: http://www.vanguardngr.com/2016/02/612215/ |
| Politics › Re: Photos Of Aliko Dangote's $30M House In Abuja by Ofemannnu: 4:00pm On Feb 19, 2016 |
Atlantian:Don't mind the OP.I have seen those pictures somewhere before. |
| Business › Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Ofemannnu(op): 3:53pm On Feb 19, 2016 |
Abuja – The Central Bank of Nigeria (CBN) says autonomous sources such as exporters and correspondent banks now control the price of dollars in banks and the Bureau de Change (BDC) segment. The Director, Corporate Communications, Mr Mu’azu Ibrahim, said this in an interview on Friday in Abuja. He said although the price of Naira remained stable at N197 to a dollar and N284.1 to a pound sterling at the interbank market, it was hovering at the parallel market. The Naira changed for N373 to a dollar and N505 to pound sterling on Friday in Abuja. Ibrahim said customers would also find Forex expensive in the banks or while using their debit cards abroad because the Forex got by banks from the CBN was not sufficient for all transactions. He explained that for this reason, banks reserved the Forex they got for developmental transactions, especially to manufacturers looking to import necessary materials to aid the real sectors of the economy. Ibrahim said although the CBN had not put a ban on accessing Forex for school fees or medicals, it was not a priority so banks might use their discretion to allocate or not to allocate Forex for such. “They should be able to use their discretion, looking at their capacity to source from the interbank and the other autonomous sources. “However, people may expect to hear about the rates; people need to understand that if banks source for Forex from the interbank, the rates at which they will sell to customers will be guided by the interbank rates. “But if they source it from the autonomous sources, the rate they will sell that specific portion will be guided by the rates at which they buy from these autonomous sources. “ CBN has not given any directive to banks to stop selling Forex for school fees and medicals, and I can confirm to you that the CBN sells through the interbank what the banks are allowed to finance. “There is no ban; there is no restrictions, but priorities will be given to demand for raw materials, plants and machinery,’’ he said. On the issue of hike in food prices since the CBN excluded importers of 41 items including rice, processed meat, vegetables, toothpick, among others, from sourcing Forex, Ibrahim said it was only temporary. “By not importing those items we are saving the Forex demand on the market and the reserve and, at the same time, boosting local production. “The ban of these products, particularly agriculture products have begun to have positive effects on the economy. “I was in Ibadan last week and was encouraged by a producer that rose from Cassava farming to processing and that farmer is now producing industrial starch which is in high demand. “Some companies, large corporations that were importing industrial starch are now sourcing from that company in Ibadan. “I was happy when the producer said that last year, they were able to record nine billion dollars in exports; this is encouraging. “There are many like that and once we give them time, the market will improve. “So my advice to Nigerians is to think Nigeria, act Nigeria and buy Nigeria; let us patronise made in Nigeria goods,’’ he said. http://www.vanguardngr.com/2016/02/612215/ 37 Likes 6 Shares |
| Politics › Re: Nnamdi Kanu And His Biafra-Themed Attire In Court Today (Photo) by Ofemannnu: 3:46pm On Feb 19, 2016 |
Whynotthetruth:lols 1 Like |
| Crime › There Is A Nigerian Astronaut In Space,he Needs Your Help. by Ofemannnu(op): 10:08pm On Feb 15, 2016 |
There is a Nigerian Astronaut in space and he
needs your help
FEBRUARY 15, 2016 BY VICTOR EKWEALOR
Nigerian Twitter is one of the most fun places to be
on earth.You cannot go through your timeline and
keep a straight face. Naija people would not let
you keep a poker face required to scroll through
the social web detached. You will either laugh, cry
or even curse. From the obnoxious wolves of Naija
Twitter forcing unnecessary trends to the armchair
hypocritical philosophers and social media
activists, there is no dull moment on Nigerian
Twitter.
Over the weekend I stumbled upon a startling
revelation while scrolling through my Twitter
timeline, apparently there is a Yoruba man floating
in space somewhere and we did not even know. In
learning about this Nigerian astronaut, I was so full
of admiration and pride for my country, but further
investigation revealed a nasty norm.
From the look of things, Air Force Major Abacha
Tunde has been floating in space since 1990, that
is 26 years now(never mind his cousin forgetting
basic 2+2). And his cousin that is a namesake of
one our big pastors around here has been
soliciting for funds from foreigners to help bring
the astronaut home and of course promising to
share entitlements with them in ‘due course’.
I am not going to dissect the intricacies of this
scheme’s folly like the fact Dr. Bakare Tunde does
not know that 1990 till now is 26 years and not
14, or that after 26 years (or 14 as you wish),
Major Abacha is hanging somewhere lacking
gravity and is still ‘in good humour’ as the letter
claims. I am not going to poke holes into the
story.
My major concern is the fact that this is coming at
a time when Nigeria is trying to rebrand and save
face amidst a tainted global image. At a time when
we are flooding Twitter with #
NigeriansAreNotCriminals , somebody is somewhere
fabricating the most incredible tales of Nigerian
spacemanship to fleece foreigners to the detriment
of the already battered Nigerian image.
Apparently, this scam has been around for a very
long time now, counting over 6 years and beyond.
Three years ago, the National Space Research and
Development Agency (NSRDA)
said 2015 was the year they would produce the
first Nigerian astronaut in space and 2015 came
and went, we did not hear anything from them,
maybe this year again then?
Astronaut in space or not, somebody was actually
doing their homework and studying the terrain. The
news apparently made the scammers dredge up
the astronaut story, dust it up and look for new
magas . An uninitiated mark would be conned
because looking the story up on Google would
lend it some credence with the NSRDA story
somewhere in the background as backing.
Thanks to a brave woman, there is a Nigerian flag
in the North Pole and Mountain Kilimanjaro of
course. There is a good representation of Nigeria
everywhere. But everybody take note, we are NOT
in space yet. We will get there someday soon.
NSRDA said 2015, maybe 2016? Or sometime in
the nearest future, we are just not there now.
Please just leave Air Force Major Tunde Abacha to
hang in space and keep taking selfies, we would be
in contact with him on Instagram. And tell
everybody to tell everybody, spread the word. |
| Politics › Re: Fulani Herdsmen Invade Enugu Community Kill Two, 19 Missing by Ofemannnu: 10:04pm On Feb 15, 2016 |
TippyTop:Benue people know better. 1 Like |
| Politics › Re: Why Yoruba Prefer Alliance With North – Adefuye by Ofemannnu: 5:40pm On Feb 14, 2016 |
vigasimple:Gbam |
