₦airaland Forum

nosa2:
Does the "common man" feel he has any responsibility in life? It's the government's job to put in place policies and infrastructure to help the economy grow. It's the "common man's" job to take advantage of those policies and become prosperous.

This idea that government owes you a comfortable life has held Nigeria back for decades and it needs to change.

I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us while he was Governor of Lagos State! One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it is very unfortunate to see many defend and make excuses for them!

sophy17:
I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find the any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us. One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it very unfortunate to see many defend and make excuses for them!

Brazil: Tax-to-GDP: Approx. \(32\%-34\%\).
Nigeria: Tax-to-GDP: Significantly lower, traditionally under \(10\%\).

Source Gemini
I believe all the other things about your school have been answered

With regards to corruption, as I have stated, corruption is not something that can be objectively measured and as such debating about it is pointless as everybody will be giving their personal experience which to them is valid.

With regards to security, the government can only protect you with the resources you give to them.

feelamong:
if Insurance coys never trap your funds for NGX, means you have not played the market long enough

That is probably why many big players never touch those Insurance coy shares unless they want to have a seat on the board

I always get woundjurement each time I invest in Insurance coys.

GeneralDae:
I overlook many half truths though not just here but all over social media but sometimes I just write. Not to win the argument with the person but to give a guide to the readers who want to do their own research or learn more.
We make thesame mistakes all the time. We complain about every Government without actually following all what they are doing so we can criticise appropriately or form better opinions on what we want.
The election comes and the intellectuals are not asking the right questions when discussing the details but would rather stay at the surface like the common man.
In the last election, I followed the policies of all four popular candidates plus even Sowore whom I knew would not win. I read lengthy summaries of all 3 major manifestos.
I may not agree with everything this Govt is doing but I don’t just follow only criticisms online but also what the Government is doing and saying. I then bring everything together in the end. That way if I want to oppose, the Government would take me very seriously because I know all their arguments.

Last last we need to kick Tinubu out of power sha. Not because he has bad economic policies but for other reasons

thebargainhunte:
I always get woundjurement each time I invest in Insurance coys.

So why do it?

sophy17:
I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find the any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us. One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it very unfortunate to see many defend and make excuses for them!

You are right about corruption and wastage by our Government but absence of corruption alone would not bring about these free services in Nigeria which you found in Brazil because:

Brazil’s total revenue in 2025 (at all Government levels) was $650 Billion

Nigeria’s total revenue ( including both FG and all states) in 2025 was approximately $30 Billion

The reason is not far fetched. Brazil have some of the biggest Agro firms in the world. Their own NNPC (Petrobras) is a world class company. So the taxes Government gets from these few businesses alone dwarfs anything in Nigeria.

Brazil is 210 million people and Nigeria is 230 million people. Same population.

What we should be focussed on is not just corruption because even this current president in Brazil is believed to be corrupt (even during his first term). What we should be focussed on are the policies that led to their success over the years.

Give me a corrupt man with brains and I would take him over a dull saint who only hates corruption but lacks ideas. Better still I prefer a man who is not corrupt and still brilliant.

But most of all, I prefer better and long lasting policies/institutions.

nosa2:
So why do it?

I invest in it cos I don't know the day I fit get Messiah there.

megawealth01:
I am trapped in LASACO

I always sell at loss, I don't know how to wait for them.

thebargainhunte:
I invest in it cos I don't know the day I fit get Messiah there.

Just out of curiosity, assuming you are in Nigeria or when you were in Nigeria, how much insurance did/do you use personally?

nosa2:
Last last we need to kick Tinubu out of power sha. Not because he has bad economic policies but for other reasons

I can understand that and if I decide not to go with him, it would be for the following reasons:

1) Electricity: He said if I don’t give you power don’t vote for me. So if by 2027 I do not have constant electricity, then I would remind him and would not vote. May not vote at all.

2) Disorganised Government (lacking in strategy sometimes)

3) Poor budget organisation

4) Too much opacity

5) Media team is too political for my liking.

6) I think Dele Alake in the mining sector have been too slow, while having Adelabu for 3 years was a waste of time.

So I agree with you but then I hope we find a credible replacement.

nosa2:
Just out of curiosity, assuming you are in Nigeria or when you were in Nigeria, how much insurance did/do you use personally?

😃 😀

thebargainhunte:
I invest in it cos I don't know the day I fit get Messiah there.

Just like I and nosa missed the Messiah in nem insurance. I have few million units in some of them as I hope for nem magic to happen in any.I have refused to sell too.I sold nem @ #2 for the thing to move gradually to above #30.
I must get one insurance stock right

[quote author=nosa2 post=139288057]Last last we need to kick Tinubu out of power /quote]

This is the end of the discussion for me.I have given him 4 yrs and not satisfied. When another fails after 4 yrs we kick the person out.Nigeria must work again in my generation as I want to still enjoy it like the 80/90s

The govt gets a pass mark on tax reforms, Okl and Gas investment attraction and managing inflation to some extent.


The govt is doing terribly on security of life, sanctity of life, and protection of rights. It doesn’t matter how shiny your economy is…if I can’t travel from Lagos to Edo by road, you have failed.

The govt has failed in power, the bedrock of any moving economy.

The govt lacks empathy, the bedrock of human relations. If a bad road can stop you visiting your murdered citizens, or if you can only stop at an airport for ten minutes to speak to massacred villagers, you are a great failure and don’t deserve leadership position.

The govt has failed in simple due process, that is why Chagoury gets trillions of naira in contracts with no bidding process.

Just because we make 100% on the NGX in three months doesn’t mean the government is working, we are highly privileged.

Before APC, I was earning 100k as a contract staff in a bank but could travel twice a year by plane to see my relatives.

Now, if you earn 600k a month, you have to open excel sheet before you travel anywhere because the roads are unsafe and air travel is now for the 0.5% of the population.

The govt arrests soldiers protesting for better food rations, but releases Boko Haram killers and reintegrates them into society.

This government is not even an oligarchy, but a family business since the First Lady and ‘First Daughter’ now have offices that can donate billions of naira from mysterious sources to their pet projects. The President’s son is now a heavyweight with his own expensive convoy and social media pages.

Need I go on?

GeneralDae:
I can understand that and if I decide not to go with him, it would be for the following reasons:

1) Electricity: He said if I don’t give you power don’t vote for me. So if by 2027 I do not have constant electricity, then I would remind him and would not vote. May not vote at all.

2) Disorganised Government (lacking in strategy sometimes)

3) Poor budget organisation

4) Too much opacity

5) Media team is too political for my liking.

6) I think Dele Alake in the mining sector have been too slow, while having Adelabu for 3 years was a waste of time.

So I agree with you but then I hope we find a credible replacement.

deathwing:
The govt gets a pass mark on tax reforms, Okl and Gas investment attraction and managing inflation to some extent.


The govt is doing terribly on security of life, sanctity of life, and protection of rights. It doesn’t matter how shiny your economy is…if I can’t travel from Lagos to Edo by road, you have failed.

The govt has failed in power, the bedrock of any moving economy.

The govt lacks empathy, the bedrock of human relations. If a bad road can stop you visiting your murdered citizens, or if you can only stop at an airport for ten minutes to speak to massacred villagers, you are a great failure and don’t deserve leadership position.

The govt has failed in simple due process, that is why Chagoury gets trillions of naira in contracts with no bidding process.

Just because we make 100% on the NGX in three months doesn’t mean the government is working, we are highly privileged.

Before APC, I was earning 100k as a contract staff in a bank but could travel twice a year by plane to see my relatives.

Now, if you earn 600k a month, you have to open excel sheet before you travel anywhere because the roads are unsafe and air travel is now for the 0.5% of the population.

The govt arrests soldiers protesting for better food rations, but releases Boko Haram killers and reintegrates them into society.

This government is not even an oligarchy, but a family business since the First Lady and ‘First Daughter’ now have offices that can donate billions of naira from mysterious sources to their pet projects. The President’s son is now a heavyweight with his own expensive convoy and social media pages.

Need I go on?

You go see say nobody go argue with you on these points

deathwing:
The govt gets a pass mark on tax reforms, Okl and Gas investment attraction and managing inflation to some extent.


The govt is doing terribly on security of life, sanctity of life, and protection of rights. It doesn’t matter how shiny your economy is…if I can’t travel from Lagos to Edo by road, you have failed.

The govt has failed in power, the bedrock of any moving economy.

The govt lacks empathy, the bedrock of human relations. If a bad road can stop you visiting your murdered citizens, or if you can only stop at an airport for ten minutes to speak to massacred villagers, you are a great failure and don’t deserve leadership position.

The govt has failed in simple due process, that is why Chagoury gets trillions of naira in contracts with no bidding process.

Just because we make 100% on the NGX in three months doesn’t mean the government is working, we are highly privileged.

Before APC, I was earning 100k as a contract staff in a bank but could travel twice a year by plane to see my relatives.

Now, if you earn 600k a month, you have to open excel sheet before you travel anywhere because the roads are unsafe and air travel is now for the 0.5% of the population.

The govt arrests soldiers protesting for better food rations, but releases Boko Haram killers and reintegrates them into society.

This government is not even an oligarchy, but a family business since the First Lady and ‘First Daughter’ now have offices that can donate billions of naira from mysterious sources to their pet projects. The President’s son is now a heavyweight with his own expensive convoy and social media pages.

Need I go on?

Pls match brake before I vex pass watin dey..lol.Do you know how apprehensive I was throughout driving on the road crossing different states yesterday

[quote author=Streetinvestor2 post=139288308][/quote]I agree with you but even 80’s/90’s are bad examples overall except maybe for the free education in the early 1980’s.
The 1970’s during the initial oil boom were a bit better for the average man but we had the strongest fiscal position ever in the early Jonathan years (2010 - 2013) even though the 1970’s were still cheaper for the average person.

nosa2:
You go see say nobody go argue with you on these points

Only people who will argue are

People who have not paid ransom recently
People who don’t enter market
People who don’t know the price of eggs
People who don’t know chicken is now a luxury (what my family ate while living inside Face Me I Face You)
People who have not had to send their friends money for transport to work even though the friends earn about 400k
People who don’t know the price of baby food
People who have not travelled by road
People who don’t pay any black tax and so don’t know that people are struggling to buy even malaria medicine.
People who think economic graphs that go up mean that the common man can now afford to buy gala for his kids on his way home from his 100k work.

GeneralDae:
I agree with you but even 80’s/90’s are bad examples overall except maybe for the free education in the early 1980’s.
The 1970’s during the initial oil boom were a bit better for the average man but we had the strongest fiscal position ever in the early Jonathan years (2010 - 2013) even though the 1970’s were still cheaper for the average person.

1970 Population: Approximately 55-56 million.

2026 Population: Estimated at 240.5 million to 241.4 million

Tax to GDP ratio Reached 16.9% by 1979

Source: Gemini

We were smaller and paid more taxes

Yes, as I’ve consistently said in my posts, the era of collective prosperity in Nigeria is gone for good.

The failure of past leaders to invest meaningfully in the future is the heavy debt we are all servicing today. A country where only civil servants are reliable taxpayers, institutions are weak, the population is ballooning, power supply remains epileptic with frequent national grid collapses, insecurity is worsening nationwide, and corruption is deeply entrenched.

Recently, while going through my archives, I discovered that the highest school fee I paid for tuition and hostel accommodation throughout my professional degree was just ₦850. Today, I pay over ₦4.5 million per year for two of my children in Abuja, excluding transport. The scale of inflation and economic pressure is staggering.

Countries like Brazil successfully tax the wealthy and channel the proceeds into critical social services. This is made possible by a functional national identification system. In Nigeria, however, it was on record that some Northern leaders strongly opposed the successful implementation of a National ID system. The first major attempt in the 1970s was effectively rejected or frustrated.
Imagine how much better things could have been if Nigeria had built and enforced a credible National Identification system decades ago. Just look at a recent revelation from Osun State, one of the poorer states, which reportedly has over 8,000 ghost workers on its payroll, draining billions annually. How can the genuinely poor in such a state ever benefit from "collective prosperity"?

The realistic solution for most families now is to reject the crab-in-a-bucket syndrome. Focus on lifting your immediate family by empowering them with skills, capital, and opportunities.

Many Nigerians dream of establishing factories without first building serious capital through investments like stocks. But the truth is harsh, most factory proposals die at the conception stage. Ask any AI to calculate the conservative annual energy cost of running even a small 10-ton factory in Ogun State using diesel. The number alone is enough to kill the dream.
Since the return of democracy, the power crisis has only worsened. Successive administrations, Obasanjo (who spent billions of dollars), Jonathan, Buhari, and now Tinubu, have all struggled or failed to fix electricity. NNPC has often operated more like a regional fiefdom than a national energy company, with no clear, sustained master plan.

If anyone truly wants to fix Nigeria, let them start with electricity. The day stable power is achieved, you will see Nigerians pull funds from the stock market to invest in real businesses. You will witness more companies like Zichis Agro-Allied Industries Plc emerging and thriving on the exchange.
The Zichis story remains deeply inspiring, a powerful reminder of what ordinary Nigerians can achieve with vision, resilience, and determination in the face of extraordinary odds.

sophy17:
I think the basis for any government is to PROTECT and SERVE everyone especially the common man.
What keeps holding us back as a country is not the provision of a comfortable life for Nigerians but rather due to massive corruption by politicians. You keep hearing they shared billions to the poor but you will never find the any real beneficiary.

I am a frequent traveler to Brazil and I can confirm that even as a foreigner you don’t pay a dime for medicals- treatment, drugs and even feeding while on admission in all Federal and State hospitals. Same for education to any level in public schools which also includes feeding and accommodation. Infact, some public universities pay as much as 2100 reais monthly to each student. One Reais is currently 270 naira. I can go on o. Yet, they haven’t been held back!

They have one of the best medical institutions in the world! It is 24hrs. I always enjoy it each time I travel to Brazil and it is completely free.

I attended MBHS on broad street in this same Lagos. I only paid schools fees to enter class one because Alhaji Lateef Jankade was later sworn in as Governor of Lagos State and made sure everything was completely free. We were regularly given textbooks and writing materials. His children attended public schools with us. One of his daughters Dupe attended Maryland Comprehensive high school, Lagos. She later attended Ogun State University with his brother while I was there. Same for Segun Awoloeo who died recently. My seat mate at some point in MBHS, Christopher Agbamuche was the son of Senator Agbamuche. Then he lived at 1004 estate with his dad Senator Agbamuche while i lived at Palm Avenue, Mushin with my parent in a room face me i face you, but yet school mates with a serving Senator’s son. Can that happen today in Nigeria? No, because rogues have taken over governance in Nigeria and it very unfortunate to see many defend and make excuses for them!

Mankind2024:
Yes, as I’ve consistently said in my posts, the era of collective prosperity in Nigeria is gone for good.

The failure of past leaders to invest meaningfully in the future is the heavy debt we are all servicing today. A country where only civil servants are reliable taxpayers, institutions are weak, the population is ballooning, power supply remains epileptic with frequent national grid collapses, insecurity is worsening nationwide, and corruption is deeply entrenched.

Recently, while going through my archives, I discovered that the highest school fee I paid for tuition and hostel accommodation throughout my professional degree was just ₦850. Today, I pay over ₦4.5 million per year for two of my children in Abuja, excluding transport. The scale of inflation and economic pressure is staggering.

Countries like Brazil successfully tax the wealthy and channel the proceeds into critical social services. This is made possible by a functional national identification system. In Nigeria, however, it was on record that some Northern leaders strongly opposed the successful implementation of a National ID system. The first major attempt in the 1970s was effectively rejected or frustrated.
Imagine how much better things could have been if Nigeria had built and enforced a credible National Identification system decades ago. Just look at a recent revelation from Osun State, one of the poorer states, which reportedly has over 8,000 ghost workers on its payroll, draining billions annually. How can the genuinely poor in such a state ever benefit from "collective prosperity"?

The realistic solution for most families now is to reject the crab-in-a-bucket syndrome. Focus on lifting your immediate family by empowering them with skills, capital, and opportunities.

Many Nigerians dream of establishing factories without first building serious capital through investments like stocks. But the truth is harsh, most factory proposals die at the conception stage. Ask any AI to calculate the conservative annual energy cost of running even a small 10-ton factory in Ogun State using diesel. The number alone is enough to kill the dream.
Since the return of democracy, the power crisis has only worsened. Successive administrations, Obasanjo (who spent billions of dollars), Jonathan, Buhari, and now Tinubu, have all struggled or failed to fix electricity. NNPC has often operated more like a regional fiefdom than a national energy company, with no clear, sustained master plan.

If anyone truly wants to fix Nigeria, let them start with electricity. The day stable power is achieved, you will see Nigerians pull funds from the stock market to invest in real businesses. You will witness more companies like Zichis Agro-Allied Industries Plc emerging and thriving on the exchange.
The Zichis story remains deeply inspiring, a powerful reminder of what ordinary Nigerians can achieve with vision, resilience, and determination in the face of extraordinary odds.

I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

nosa2:
Brazil: Tax-to-GDP: Approx. \(32\%-34\%\).
Nigeria: Tax-to-GDP: Significantly lower, traditionally under \(10\%\).

Source Gemini
I believe all the other things about your school have been answered

With regards to corruption, as I have stated, corruption is not something that can be objectively measured and as such debating about it is pointless as everybody will be giving their personal experience which to them is valid.

With regards to security, the government can only protect you with the resources you give to them.

Does this capture the informal tax? Hmmm, how I wish, so you can see a totally different data. Someone did a report on Agbero/ MC Oluomo tax revenue sometime ago. Their revenue was mind boggling.

I know for a fact that Nigerians pay more taxes.
Even this government used it to justify the need for a tax reform. Just too much multiplicity of taxes. And there are others that you just pay on your own so you can breathe! In 2017, I spent over 500k repairing a road leading to my street so i can drive to my house in peace. I am still spending my personal money on public facilities including private biz- Ikeja electric till today.
When I moved to my house in 2015, i used to have light upward of 3 days non stop but since last year that i am placed on Band A, I now get much less after taking my bill from 4naira per kilowatt to 200+ per kilowatt.
So we actually pay more taxes here to the government- three tiers and also to the informal. That is the reality!

With power comes productivity increase, with productivity increase comes innovation and higher earning wages. When I worked at a bank HQ, by 5am, the massive generators would come on and stay on till around 8pm. Imagine how much in expenses that would result in every year.

Power is a massive problem. Entire states in Nigeria use less power than any three factories in Texas. Without power, entire businesses like tech and manufacturing won’t even occur to you because the hurdle is too great. Just the laying of AKK pipeline has already prompted the building of three power stations and the attendant job creation. Factories and industries are already being planned on that route. Please, after security, power is the biggest deal.

nosa2:
I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

Also, power is not just a factor of production.

Power is a basic human right!

nosa2:
I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

For me, the greatest force of darkness fighting against Nigeria is literally darkness — the absence of reliable electricity.
Fix electricity, and you will see thousands of young people empowered by individual entrepreneurs. You will witness a sharp decline in the graph of insecurity across the nation.
The rule of law still holds in Nigeria, though much improvement is urgently needed.

nosa2:
I don't agree that power is as big a problem as people think. Power is a factor of production, yes using diesel generators does make this factor of production expensive relative to other other sources however in Nigeria this is offset by ridiculously low/negligible/almost free wages (another factor of production).

I believe insecurity and rule of law (sanctity of contracts) are much bigger problems than power

GeneralDae:
I agree with you but even 80’s/90’s are bad examples overall except maybe for the free education in the early 1980’s.
The 1970’s during the initial oil boom were a bit better for the average man but we had the strongest fiscal position ever in the early Jonathan years (2010 - 2013) even though the 1970’s were still cheaper for the average person.

In the 80 /90 s my neighbours never experienced this level of hunger and poverty by families. What to eat was never a problem to families. Nigerians middle class families in the 80s could afford new cars and thr children went to good government schools which gave quality education. We whr never scared to our bones travelling on the roads.we whr not this divide along so many lines. We whr happy

https://www.thecable.ng/scale-to-value-access-holdings-redefines-what-growth-means/

Some damage control by the guys at Access.

naturalflow:
abdulsam owns 95% of buacement,he collects almost all dividend,he used a fraction to push the shares.everybody is happy!

That may work as you said, but can't be expected of other differently structured companies.

Linkage Assurance surely?
Their holding in Stanbic IBTC Pensions Fund alone is a massive cash cow. What can go wrong?
[quote author=Streetinvestor2 post=139288308][/quote]

sophy17:
Does this capture the informal tax? Hmmm, how I wish, so you can see a totally different data. Someone did a report on Agbero/ MC Oluomo tax revenue sometime ago. Their revenue was mind boggling.

I know for a fact that Nigerians pay more taxes.
Even this government used it to justify the need for a tax reform. Just too much multiplicity of taxes. And there are others that you just to pay on your own so you can breathe! In 2017, I spent over 500k repairing a road leading to my street so i can drive to my house in peace. I am still spending my personal money on public facilities including private biz- Ikeja electric till today.
When I moved to my house in 2015, i used to have light upward of 3 days non stop but since last year that i am placed on Band A, I now get much less after taking my bill from 4naira per kilowatt to 200+ per kilowatt.
So we actually pay more taxes here to the government- three tiers and also to the informal. That is the reality!

deathwing:
With power comes productivity increase, with productivity increase comes innovation and higher earning wages. When I worked at a bank HQ, by 5am, the massive generators would come on and stay on till around 8pm. Imagine how much in expenses that would result in every year.

Power is a massive problem. Entire states in Nigeria use less power than any three factories in Texas. Without power, entire businesses like tech and manufacturing won’t even occur to you because the hurdle is too great. Just the laying of AKK pipeline has already prompted the building of three power stations and the attendant job creation. Factories and industries are already being planned on that route. Please, after security, power is the biggest deal.

deathwing:
Also, power is not just a factor of production.

Power is a basic human right!

Mankind2024:
For me, the greatest force of darkness fighting against Nigeria is literally darkness — the absence of reliable electricity.
Fix electricity, and you will see thousands of young people empowered by individual entrepreneurs. You will witness a sharp decline in the graph of insecurity across the nation.
The rule of law still holds in Nigeria, though much improvement is urgently needed.

I didn't make my post expecting 99% of the readers to agree with me. For practically all our lives we have been told that corruption and electricity are the two biggest problems Nigeria faces. When in reality, the belief that corruption and electricity are the biggest issues is actually the biggest issue.

We could spend the next few hours debating this claim, and maybe I would be able to convince one or two people but at the end of the day it will be like trying to drain the ocean using a tea spoon.

For the rule of law, procurement contracts and corruption in general to reduce.
We need at least these two policies below to go hand in hand.
1) Appointment of competent hands

2) Whoever is to be appointed into a strategic public office such as Health, Education, his/her self family or relatives must be attending any of those public institutions. primary, secondary or tertiary
The government institutions should consist about 60-70% of high cardre employees-Directors, palm secs, who have loved ones as part of ordinary Nigerians as beneficiaries of the Ministry's impact or failure.

Infact, promotions should be based on it m-how many of one's relations one has to benefit from the impact or failure of one's office

Overtime whatever opportunity they will eventually lose as kick backs, diversion, misappropriation, sabotage of program or sabotage of project goals for selfish benefit UNDETECTED, they know they will have to put passion, honesty and sincere enforcement to benefit their wards in such institutions and thus ordinary Nigerians as well.
Overtime , it sticks and corruption is reduced, fairness and rule of law is returned.

It may affect Fundamental human right of freedom of belonging, etc but this exception for public office holders of particular ranks needs to be constitutionalized. administrative, oversight, developmental functions of MDAs, program and project delivery and maintenance will be water-tight and more honest otherwise, they self sabotage themselves via their loved ones.


This will reduce corruption of Public offices being seen as using Govt resources to fund their private affairs.

I just bought Dangote cement stocks . I am new to stocks