2021 will be more difficult than year 2020


Lai Omotola
Group Managing Director, CFL Group, Lai Omotola has said 2021 will be a more difficult year than 2020.

He said this would be so because 2020 has set a foundation for 2021, as COVID-19 might not end next year.

“The economy will not recover to blossom level, insecurity is a major factor. I have not been able to see anything in government to suggest the availability of resources to meet these coming challenges,” Omotola said during an end of year briefing in Lagos, Southwest Nigeria.

He said 2020 had been a tough year all through in view of the spread of COVID-19 that made nonsense of the global strength leaving devastating effect.

“This year we have seen how feeble and vulnerable the world can be. In the case of Nigeria, we have managed to survive with our low COVID-19 numbers when compared to America and Europe. This year has seen businesses shut more than ever. Also, there has been massive jobs lost and infrastructure decade.

“Businesses face unprecedented challenges from January to December 2020. From COVID-19 lockdown to EndSARS to traffic gridlock that keep you in traffic for 5 to 6 hours in Lagos State. All these have had multiplier effects on the productivity of businesses in Nigeria,” he said.

Omotola said in 2020, his company continued with its commercial and residential construction with five new Plazas and six residential estates across Lagos State.

He explained that to stay in business, his organisation became innovative and adapted digital platforms as ways of reaching customers and carrying them along, as well as introduced price friendly products, but said 2020 had recorded lower profitability compared to other years.

“The business environment continues to be harsh as government continues jack-up prices like VAT, Petrol, electricity and other charges from Lagos State agencies. Both governments; State level and National Level introduce
palliatives; but the palliatives have not been able to produce the desired results. The prices of food items
have been on the rise like never before despite huge investment in agriculture.


“Security has deteriorated and reaching an alarming rate. The infrastructure remains the same with bad roads all across the nation. The Lagos-Ibadan express road is yet to be completed despite huge funds that have been sunk into it. Second Niger bridge is work in progress.

“The rail development is on the increase as Lagos to Ibadan commenced operation, however, we see rail development from Niger Republic to Nigeria is not commercially viable and waste of resources. The state of the economy is at the lowest ebb with bad foreign exchange naira to a dollar is N480 and pounds to Naira is N630. Inflation is double digit of 13.4%.

“Nigeria has entered into second recession in 5 years. The economy is seriously bleeding and the government knows this fact considering the recent opening of the borders; but I wonder what government have gained,” he lamented.

According to Omotola, government at all levels had not been able to show the people that they are capable in confronting the daunting challenges of present and of the future, saying that the current government had been
reactive more than being proactive.

He said the opposition continued to agitate for the restructuring of the country to regional basis but that the historical antecedent had it that “we are more attracted to terminologies and execution. For example, in the 50s, what the leaders wanted was independence from the colonial masters to pave way for a prosperous Nigeria without verifying if our various institutions were well established.

“Again, during the military era, the statement “return to democracy” was the order of the day, and now 21 years of
democracy we can comfortably say how we have fared. The truth is that Nigeria is a structured country that will continually need restructuring through established organs like the national assembly; so, to do otherwise is a political mutiny.”

Shut up Sir

2021 is going to be a great year...


.

themomentng:
-How Alade market Developer Involved in Fraud Scandal

When an unexplainable fire outbreak gutted the popular Tejuosho market in Yaba about ten years ago, many owners of the shops therein were thrown into disarray, having lost many items and lots of cash. No sooner than the calamity died down than the contract for the reconstruction of the imposing market was awarded to a firm by the Lagos State Government. But that is as far as the story goes, as very unsavoury stories were emanating from certain sources over the property or otherwise of the new Tejuosho market project. With the intervention of security agencies especially the police, matters were processed and the alleged fraudster of the project Olaide Omotola was arrested and brought to book.
As many have forgotten the bitter story of Tejuosho, the man again has comeinto his usual element of controversy with the popular Alade market in Ikeja. For now it is just amatter of time before the bubble burst as petitions and litigations over the market have flooded the court. One thing you can never take away from Omotola is his unparalled fraudulent moves.
Like a leopard that can never changeits spots, what you will read hereafter will surely boggle your mind. Follow us.
There are now very strong allegations of massive fraud in the Tejuosho and Alade market project in Lagos. These allegations were made more potent when the Special Fraud Unit, SFU of the Lagos Police command arrested the lead consultant of the two projects, one Olaide Omotola over purported fraudulent acts. It was further pinned on Omotola .
Omotola was in police custody, and he answered questions over allegations of fraudulent and mis-appropriation acts in the course of executing the modern market projects
The petitioners claim that he has a barrage of manipulative tendencies all aimed at maximizing every single pie that he has his hands in.
Olaide Omotola was allegedly defrauding the company handling Tejuosho Redevelopment, Stomberg Engineering Company of over 2 billion naira. A petition was forwarded earlier before the arrest, to the Inspector General of police by the Managing Director and Chairman of Stomberg Engineering Company, Mr. Dolapo Atinmo alleging the fraud perpetrated by his company while acting as interim coordinator for oversight functions at the project site, for the company was later referred to the Special Fraud Unit for further investigation. At the SFU, the statement he made was that he has been out of the country with his family after the contract was awarded to his company, in order to attend to his failing health, for which he then handed the oversight function to Omotola; he also revealed that the manager, Omotola floated a personal company with his wife and 3 year-old child, Jeremiah, whose name he used in naming the company, Jeremiah Construction Company Limited and awarded millions of naira worth of contracts to his company without approval from Stomberg Engineering. He said further that while he was away, Omotola took over the construction activities at the project site by further awarding the tiling and blocks laying jobs to his company and submitted an inflated invoice of over N76 million to Stomberg for financial payment. Atinmo further alleged that Omotola forged a company resolution purportedly transferring over 4 million shares of Stormberg Engineering to himself, thereby making him a Director in the company, which he also filed same at the Corporate Affairs Commission, CAC.
Atinmo also alleged that Omotola went borrowing money on behalf of Stormberg Engineering. He also said one of the companies that Omotola obtained a loan from was UT Financial Services Nigeria which offered him N300 million given the project to execute which they have already sold about 70 percent of the shops to buyers who have fully paid with letters of offer confirmed and that up till then their shop allocations were not allotted.

To be continued

Same man... sadly the internet never forgets.

Hard for you, not for me and my family

Not for me but for you and your family

Exc2000:
Shut up Sir

2021 is going to be a great year...

Amen to this i. suffered this year but next year i pray for greatness

It's too early to start wishing negative things for 2021

On the issue of insecurity, It would be nice if citizens are allowed to carry ammunitions to defend themselves from bandits and criminals. Though that's completely risky in a country like Nigeria where records are not properly kept as it might lead to increase in suicide and homicide cases or other gun-related crimes.

Uncouth mindset engenders chaos... No sir, 2021 will be the best year for most Nigerians and myself inclusive. I employ everyone that reads to believe this and work towards it, and see 2021 spiral into something auspicious.

NB: most Nigerians are so pessimistic. Please change that view and work towards your greater good.

Dunno o,but for me and mine,we adjusted and adapted quite easily and have started reaping even much better than previous years.. 2021 will be a big ball

2021 shall be the best year so far for me and my family

You can add value to your life come 2021 against all odds. All you need to do is multiply your income channels.

Sounds like a true prophecy.

I don't even doubt him. I know with all my heart that 2021 is going to be tougher. I mean has it ever been less tough. You all should pray to any gods you worship to help you earn more.

Because as for me, I have already sharpened the knife I will use to cut the necks of my customers with the new price increment of goods come 2021

The globalist satanist are doing everything possible to make 2021 worse than 2020 but they will fail in Jesus Name

FarahAideed:
The globalist satanist are doing everything possible to make 2021 worse than 2020 but they will fail in Jesus Name

the same Jesus that couldn't save your Donald Trump from defeat or the one that couldn't rescue Leah sharibu ? poor girl.


hahah.

From all human indication- yes! But as for me, my family and friends, we say 2021 will be wonderful for us in Jesus name

BrownLondon:

the same Jesus that couldn't save your Donald Trump from defeat or the one that couldn't rescue Leah sharibu ? poor girl.


hahah.

Which defeat..Trump won his Election in a Landslide

FarahAideed:


Which defeat..Trump won his Election in a Landslide

but the Electoral college already certified Joe Biden as the new POTUS....we understand that Donald Garnered the required 270 votes in Enugu, Abia, Anambra, imo and Ebonyi BUT NOT IN the UNITED STATES.

what of Leah sharibu? was that Jesus plan for her? the poor girl might not even know that today is Christmas... if that was Jesus's plan for her...then your Jesus is EVIL.

BrownLondon:

but the Electoral college already certified Joe Biden as the new POTUS....we understand that Donald Garnered the required 270 votes in Enugu, Abia, Anambra, imo and Ebonyi BUT NOT IN the UNITED STATES.

what of Leah sharibu? was that Jesus plan for her? the poor girl might not even know that today is Christmas... if that was Jesus's plan for her...then your Jesus is EVIL.

Na Jesus you dey insult ko? Young be careful ooo

sunnybobonwa:
2021 will be more difficult than year 2020


Lai Omotola
Group Managing Director, CFL Group, Lai Omotola has said 2021 will be a more difficult year than 2020.

He said this would be so because 2020 has set a foundation for 2021, as COVID-19 might not end next year.

“The economy will not recover to blossom level, insecurity is a major factor. I have not been able to see anything in government to suggest the availability of resources to meet these coming challenges,” Omotola said during an end of year briefing in Lagos, Southwest Nigeria.

He said 2020 had been a tough year all through in view of the spread of COVID-19 that made nonsense of the global strength leaving devastating effect.

“This year we have seen how feeble and vulnerable the world can be. In the case of Nigeria, we have managed to survive with our low COVID-19 numbers when compared to America and Europe. This year has seen businesses shut more than ever. Also, there has been massive jobs lost and infrastructure decade.

“Businesses face unprecedented challenges from January to December 2020. From COVID-19 lockdown to EndSARS to traffic gridlock that keep you in traffic for 5 to 6 hours in Lagos State. All these have had multiplier effects on the productivity of businesses in Nigeria,” he said.

Omotola said in 2020, his company continued with its commercial and residential construction with five new Plazas and six residential estates across Lagos State.

He explained that to stay in business, his organisation became innovative and adapted digital platforms as ways of reaching customers and carrying them along, as well as introduced price friendly products, but said 2020 had recorded lower profitability compared to other years.

“The business environment continues to be harsh as government continues jack-up prices like VAT, Petrol, electricity and other charges from Lagos State agencies. Both governments; State level and National Level introduce
palliatives; but the palliatives have not been able to produce the desired results. The prices of food items
have been on the rise like never before despite huge investment in agriculture.


“Security has deteriorated and reaching an alarming rate. The infrastructure remains the same with bad roads all across the nation. The Lagos-Ibadan express road is yet to be completed despite huge funds that have been sunk into it. Second Niger bridge is work in progress.

“The rail development is on the increase as Lagos to Ibadan commenced operation, however, we see rail development from Niger Republic to Nigeria is not commercially viable and waste of resources. The state of the economy is at the lowest ebb with bad foreign exchange naira to a dollar is N480 and pounds to Naira is N630. Inflation is double digit of 13.4%.

“Nigeria has entered into second recession in 5 years. The economy is seriously bleeding and the government knows this fact considering the recent opening of the borders; but I wonder what government have gained,” he lamented.

According to Omotola, government at all levels had not been able to show the people that they are capable in confronting the daunting challenges of present and of the future, saying that the current government had been
reactive more than being proactive.

He said the opposition continued to agitate for the restructuring of the country to regional basis but that the historical antecedent had it that “we are more attracted to terminologies and execution. For example, in the 50s, what the leaders wanted was independence from the colonial masters to pave way for a prosperous Nigeria without verifying if our various institutions were well established.

“Again, during the military era, the statement “return to democracy” was the order of the day, and now 21 years of
democracy we can comfortably say how we have fared. The truth is that Nigeria is a structured country that will continually need restructuring through established organs like the national assembly; so, to do otherwise is a political mutiny.”

2021 will be more difficult in their own lives. Idiots

weyreypey:


Same man... sadly the internet never forgets.

What does that have to do with what he is talking about?

FarahAideed:


Na Jesus you dey insult ko? Young be careful ooo

he doesn't exist.

BrownLondon:

he doesn't exist.

I will show you he exist ..Give me sometime

FarahAideed:


I will show you he exist ..Give me sometime

okay nah

Exc2000:
Shut up Sir

2021 is going to be a great year...

Be deceiving yourself. You better wake up to reality.

Exc2000:
Shut up Sir

2021 is going to be a great year...

tel him to shut up again na him and his family not me. The man is mad

Exc2000:




Shut up Sir

2021 is going to be a great year...


.

thank you for this first to comment.
the law of attraction goes a long way.
I claim a greater and better 2021 for me, my wife, my household, family members, you @Exc2000 and every positive mind on Nairaland.

madmohamed:
tel him to shut up again na him and his family not me. The man is mad

for as many that wish us evil come 2021 so shall be their lot.