₦airaland Forum

osothermal:
power bro. FSE

Covid19lockdown:
Omor, is good one have this passport now before it gets out of hand.

I remember last 2 years I never had a plan of travelling or leaving Nigeria at all. But I just went an get my passport handy in case of incasity. So each time I bring the passport out, it gives me hope that one day I will travel. Omor, after the shame of 2023 election, that was when I made up my mind to Japa and leave Nigeria. I started applying for jobs online in UK, USA and Canada. God so kind, I was shortlisted, interviewed via zoom and everything went well.


My COS came out 1 week later, I went for police report, tuberculosis test, IELT test, capturing and provide all the necessary documents needed. I paid for my flight ticket Nigeria to Ethiopia, we enter another flight from Ethiopia to Manchester. Luckily, I have aunty and her family living in Liverpool, they came and pick me up at the airport. Right from the airport I got a SIM card.

Long story short: Go and get your passport handy opportunity can come anytime and day. Na who ready go make am out.

Omor na so I take Japa leave Nigeria. By next year, I will enrol for my Masters class. I have gotten admission already but make I hustle save money for my fees. I dey work 60hrs now instead of 40hrs.

Covid19lockdown:
Omor, is good one have this passport now before it gets out of hand.

I remember last 2 years I never had a plan of travelling or leaving Nigeria at all. But I just went an get my passport handy in case of incasity. So each time I bring the passport out, it gives me hope that one day I will travel. Omor, after the shame of 2023 election, that was when I made up my mind to Japa and leave Nigeria. I started applying for jobs online in UK, USA and Canada. God so kind, I was shortlisted, interviewed via zoom and everything went well.

What site did you get the jobs you were applying for?

My COS came out 1 week later, I went for police report, tuberculosis test, IELT test, capturing and provide all the necessary documents needed. I paid for my flight ticket Nigeria to Ethiopia, we enter another flight from Ethiopia to Manchester. Luckily, I have aunty and her family living in Liverpool, they came and pick me up at the airport. Right from the airport I got a SIM card.

Long story short: Go and get your passport handy opportunity can come anytime and day. Na who ready go make am out.

Omor na so I take Japa leave Nigeria. By next year, I will enrol for my Masters class. I have gotten admission already but make I hustle save money for my fees. I dey work 60hrs now instead of 40hrs.

osothermal:
you see that's why I japa o. Nigeria telecom jobs is not guaranteed. Make I check on my guys

chccho:
I honestly still dont understand what your point is or the sense in it.
If a senior executive is already nearing retirement age and is "handsomely" rewarded what then is the problem. Afterall he still would have been officially retired inba few years anyway
(Mind u because they are senior executives does not mean they are/should be nearing retirement age. There are senior executives at the age of 35!!!)
Also it seems u dont know the kind of company IHS is, its a multinational not a small Nigerian 1man biz. You think when they lay off their senior executives they will be paid peanuts?? No!! Some of these senior executives are paid well over 50m if not even up to 100m are u saying thats still not enough to start a meaningful living?

IHS Towers ($IHS), the world’s fourth-largest independent tower company, has laid off over 100 employees as currency devaluation in Nigeria, its biggest market, squeezes its profits. One person with direct knowledge of the business told TechCabal that the layoffs, which cut across several departments, mostly affected senior employees and the network surveillance team.

Most of the affected senior employees have spent a decade at IHS Towers and received “significant” severance packages, the same person said. “[The company said] it was not because of underperformance but because of the economy,” they added.

IHS Towers did not immediately respond to requests for comments.

Since 2022, IHS Towers has faced pressure from investors over its poor financial performance. The company lost $409 million in the fourth quarter of 2023 after a currency devaluation in Nigeria shrunk revenues and caused FX losses from USD loans.

The company, which currently employs 1,600 people, reported a $1.9 billion loss in 2023, a 304% increase from the previous year’s losses. Its market capitalisation is $1.3 billion, a $6 billion decline since 2021.

While its share price has slightly rebounded in August to $3.56 after trading at $2.98 in July, it is still a far cry from the highs of 2021, when it sold for $21.

IHS Towers operates over 40,000 towers in Africa, roughly 25% of the continent’s entire tower infrastructure, which it leases to telcos like MTN and Airtel. This service is crucial for Africa’s digital economy plans, as towers provide the backbone for internet connectivity.

However, rising fuel prices, maintenance costs, inflation, and FX volatility in Nigeria—which accounts for over half of IHS’s sales and revenue—have threatened the business.

In the first quarter of 2024, the business spent $88.8 million on power, its largest operating cost.

“The company used more than $1.5 billion in cash last year for investing activities, but the line items on the company’s published statement of cash flows for such investing activities are not explained in any meaningful way,” a shareholder said in a June 2023 letter.

Gimba Mohammed, the director of government and external relations at IHS Towers, said at a conference in August that it cost the business more than ₦14 billion to fix fibre cuts between 2022 and 2023.

ACKayleb:
Confirmed... FIRS currently doing induction for 500 new staff members... If you among congratulations 👏

A prominent Islamic human rights organisation, the Muslim
Rights Concern (MURIC), on Saturday, August 17, accused the Kaduna state government led by Uba Sani of dragging back the northern region of Nigeria by a hundred years.

Specifically, the group criticised the Kaduna state government for allegedly ignoring "all the brilliant legal practitioners in the North" to pick a lawyer from the south-west region 'to prosecute El-Rufai'.

Prof. Akintola and El-Rufai share a warm relationship. MURIC's statement partly reads: “We are deeply perturbed by the pre-occupation of the Kaduna state government and its state assembly with the profiling of the immediate past governor of the state, Nasir El-Rufai. “Most disturbing is the manner the state government ignored all the brilliant minds in the legal profession in the whole North to pick a human rights lawyer from the South-West for the purpose of prosecuting El-Rufai."

" This is a slap in the face of not only that of legal practitioners in the North but the entire Northern population. It also constitutes a colossal waste of resources as well as an insult and a disservice to the whole North."

Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges in the country’s education and healthcare sectors.

This is according to the “Program Information Document (PID)” for the appraisal stage of the Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Program.

The proposed loan, part of the Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Program, is intended to tackle long-standing staffing gaps and enhance the performance management of basic education teachers and primary healthcare workers.

World Bank likely to approve loan next month
The World Bank is expected to give its final approval for the loan on September 26, 2024.

According to the PID , the loan will focus on three major result areas, with the improvement of recruitment, deployment, and performance management of sector workers being a key component.

This effort is particularly important given Nigeria’s alarming human capital index, which indicates that a child born in the country today will only achieve 36% of their productive potential if current levels of health and education services persist.

One of the primary objectives of the loan is to incentivize improvements in workforce planning within the education and healthcare sectors.

The loan will provide the necessary financial resources to enhance the recruitment processes, ensuring that qualified professionals are adequately deployed to where they are most needed.

The initiative will also address the significant disparities in staffing across Nigeria’s regions, a challenge that has long plagued both sectors.

Nigeria to leverage BVN, NIN to tackle payroll fraud

In addition to workforce planning, the loan will support the adoption of new systems to improve payroll management and reduce fraud. This includes the implementation of the Central Bank of Nigeria’s Bank Verification Numbering (BVN) system and National Identity Numbers (NIN) platforms.

These systems will play a crucial role in ensuring that funds are used efficiently and that only verified employees are on the payroll, thereby eliminating ghost workers.

The planned introduction of biometric check-ins and community monitoring, where available, will further strengthen the accountability and performance of education and health workers.

A part of the PID noted that one of the expected results of the loan program is improved recruitment, deployment, and performance management of basic education teachers and primary health workers, adding that: “This results area will incentivize: (i) the enhancement of the sector and workforce planning function, (ii) reduction of significant staffing gaps and improved deployment and management practices for basic education and primary health care workers, and (iii) adoption of new or existing systems such as the Central Bank of Nigeria Bank Verification Numbering (BVN) system and National Identity Numbers platforms to check payroll fraud, biometric check-ins where available, community monitoring, performance bonuses, automatic payroll deductions.”

Loan program to run for four years

The HOPE Governance Program, under which this loan falls, is scheduled to run from 2024 to 2028, providing support for systemic reforms at both the state and federal levels, focusing on cross-sectoral issues such as financial resource allocation, public financial management, fiscal transparency, and accountability.
As part of the World Bank’s support, the loan will also incentivize the reduction of staffing gaps by 40%, with a target that at least 30% of new recruits will be women.
This gender-sensitive approach is intended to address not only the quantity but also the quality and diversity of the workforce in these critical sectors.

The loan is part of a larger $2 billion government program that seeks to accelerate the provision of quality basic education and healthcare services across Nigeria.

The National Youth Service Corps has denied a social media report that corps members’ bank accounts are being upgraded to accommodate the N70,000 new national minimum wage.

The corps said no directive has been given by the relevant authority for it to start the payment of N70, 000 minimum wage to corps members or to upgrade their accounts.

According to a statement issued by the NYSC Director of Information and Public Relations, Eddy Megwa, on Saturday, the report is misleading and absolutely false.

The NYSC, therefore, advised corps members to desist from allowing mischief makers who are set to mislead Nigerians to continue to play on their intelligence.

The statement read, “The attention of National Youth Service Corps management has been drawn to misleading information circulating in the media regarding payment of N70,000 minimum wage to corps members and the directive to upgrade their accounts. This is an absolute falsehood which is far from the truth.


“Corps members, parents and members of the public should note that no directive has been received from the relevant sector of government responsible for wages matters.

“It is, therefore, impossible for the NYSC to issue any information on such. Corps members already know the approved channel and mode of communication in the scheme and should therefore ignore the directive accordingly.

“The NYSC, by this release therefore admonishes corps members to desist from allowing mischief makers who are set to mislead Nigerians from continuing to play on their intelligence.

“Bloggers and social media influencers are warned to stop issuing statements that concern the management of National Youth Service Corps without authorisation.”

Oyo State Governor, Seyi Makinde, has countered claims by President Tinubu that the federal government granted N570 billion to the 36 states of the federation, stating that the information is not completely accurate.

In a newsletter signed by the governor and published on the state’s official website on Thursday, Makinde said the funds disbursed was not a direct allocation from the federal government.

The governor clarified that the money received by the states were actually World Bank Covid-19 funds, with the federal government acting only as an intermediary between the international creditor and the 36 states.

He further explained that the funding was contingent on what the states had already spent on Covid-19 programs, meaning the World Bank was simply reimbursing what the states had used to address the pandemic crisis.

What the Governor is Saying

The Statement read as follow:

“Before I speak more on further actions we have taken to show our commitment to productivity and sustainability, let me respond to a long message I received earlier in the week from a concerned citizen.

“The message was about a purported N570 billion Hardship Fund “given” to the 36 States by the Federal Government. I was queried about what I used the money for.

“Let me state categorically that this is yet another case of misrepresentation of facts. The said funds were part of the World Bank-assisted NG-CARES project—a Programme for Results intervention.

“The World Bank facilitated an intervention to help States in Nigeria with COVID-19 Recovery. CARES means COVID-19 Action Recovery Economic Stimulus.

“It was called Programme for Results because States had to use their money in advance to implement the programme. After the World Bank verified the amount spent by the State, it reimbursed the States through the platform provided at the Federal level.

“The Federal Government did not give any State money; they were simply the conduit through which the reimbursements were made to States for money already spent,” Makinde said.

World Bank Loan, not Grant

According to Makinde, the funding by World Bank that was given to the state was not a grant, but a loan that is expected to be paid back by each state.

Backstory

It is earlier reported that President Bola Tinubu announced that his administration has given the total sum of N570 billion to the 36 States as a palliative measure to ameliorate the citizens’ economic condition.

Tinubu made this statement while addressing the nation last Sunday, appealing that those protesting halt their demonstration and return to the negotiation table.

According to the president, the State received this huge sum as grant from the federal government.

He said, “Also, more than N570 billion has been released to the 36 states to expand livelihood support to their citizens, while 600,000 nano-businesses have benefitted from our nano-grants. An additional 400,000 more nano-businesses are expected to benefit.”

However, the governor of Oyo said this is not the case, as the money received by the States was a loan from World Bank, and not a grant from federal government.

FairlyUSEDpussy:
Okay.....
Thanks.....
Wud u provide me one immediately I change my moniker??

TheChameleon:


My Ekuke dog gave birth to a pup.

Peter Obi will gatecrash the naming ceremony

Heard he was bounced at Davido's party, that he was whimpering in his feminine voice, when Dino bullied him

oyonu:
Please have anyone been able to successfully applied for the ongoing waec recruitment?

CountinBlessins:
That is appreciation. One must learn to show appreciation to those who had a hand in uplifting you.

Having said that, fūck both of them

2023Blessed:


Let peace reign my people

newnig:
I won't come down to your level. I would have still schooled you further but your head won't be able to comprehend it. Keep waiting for 615k MW, you hear?

You will tell us if you are better than the mechanic with 5 children who still manages to send them to school despite not having a fixed income monthly. Na your type dey still go office dey go gist and never productive. You can't even convince me you are a productive civil servant because you don't sound intelligent at all (not an insult, merely stating the obvious), you are just part of the federal character quota that must fill up the slots to be complete.

I will have to sound a bit vulgar cos that's the only language you seem to understand.........when you were climbing your wife and producing babies like rabbits, did you consider your economic situation? You can help labour and carry placard tomorrow oo, Mr. Activist!

Talking about slave, you will wake up tomorrow, bath, dresss up and go to work, waiting for the "peanuts" you will receive by the month end so thst your family won't starve to death, what does that make you? You are also a slave my dear brother/sister. You are only free the moment you resign and set up your own business. There is a reason you are called civil "servant" Nadingo. You are a setvant at the mercy of your master.

Talking about business, I dare you to resign and start a business and pay your employees 615k monthly.

Have a pleasant day Mr/Miss/Mrs Civil Slave Servant

newnig:
To slap you just dey hungry me. Resorting to insults during civil conversation is an obvious sign of dullness or mental illness. Get yourself checked.

And yes, FG will never pay even 250k as minimum wage "now". While I support that the allowances and emoluments of senators and house of reps members should be cut down to reduce cost of governance (why do we even need a bicameral legislature?), how can you compare the wage bill of 109 senators and 360 Rep members to almost, if not over 1 million workers under the employ of the Federal Government.

I like you...

Keep pretending as if you are unaware that even if by any stroke of luck, the FG agrees to that amount, the State Governors will never agree nor comply. Are you also aware that the Federal Workers are not the only crop of workers in the country? You expect Dufil Prima to pay their cleaners N615k monthly and still want to buy indomie carton at N5000. 🤡
You want Nigeria Bottling Company to pay its driver (which by the way should earn above MW) N615K and expect to buy a bottle of coke at N300. 🤡🤡

When what is common on this faceless forum is everyone cussing at and insulting the President at any given instance, when infact, your governors have been collecting x3 of their monthly FAAC allocations since last year with nothing to show for it. Pretend like you are not living in a country where a Governor paid half salaries to workers for years but paid upfront tuition fees of his children in an international school till 2035. If you don't understand the implication of that, I don't know how else to explain to you.

Are you aware that with every wage increase comes corresponding inflation? Considering how wicked Nigerian entrepreneurs and traders are, how will you explain to the market woman that she can't increase the price of her goods when she is fully aware that FG has increased minimum wage. You think the artisans don't like or deserve a better life too? How will they get it? By billing you the newest big boys in town. That's how economics work.

Finally,for a country with the lowest VAT collection in Africa, fighting daily oil theft, smuggling, endemic corruption in both government and civil service, where will the monies to pay over 1m workers come from? Don't forget 615k is for the lowest worker, what will be the consequential adjustment for other levels especially the senior cadres? The 615k MW will not eradicate corruption, so how much do you think ordinary civil service job slots will now be sold for? As I type, Abia, Zamfara and Taraba states are yet to comply with the N30,000 MW of 2019. Imo State refused to implement the consequential adjustment for Levels 08-17 since 2019. Labour is insisting that every organisation with more than 5 workers must pay the minimum wage. So you expect the local bakery at the back of your house to pay 615k too and still sell bread at 500?

Some of us are very pragmatic and objective, not living in utopia like others. Do we wish to have 615k MW? Yes, nobody has died of too much earnings. Is it realistic? No, not with the current economic realities and crop of leaders at "all levels of government". The only way that may be possible is to adopt several MW as is obtainable in Canada and other Western countries where each provinces/state have their MW and the FG has its own. If you are working in Zamfara and not satisfied with the wages, you can simply migrate to Lagos for greener pastures, also bearing in mind that although Lagos may have a higher MW, the cost of living in Lagos is way higher than in Zamfara. Then everyone can be lobbying for Federal jobs as the ultimate.

You have made me type too much this morning, and it won't be free. I'll DM you my invoice and I won't accept anything less than 615k

Trojan8:
Let me pitch my tent here. Currently in the finance sector, earn fairly OK.

I have a BSc. Accounting and got chartered last year.

Dexpro:
After reading this write up, I went back to dig up the video and watched it.

The IT you paid must a native of Pluto

So what is this one saying?