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Technology Market / Re: Unveiling The Secrets Of Digital Marketing In Nigeria by ProjectNaija(m): 2:39pm On Jan 04, 2023 |
Chapter one: Understanding the use of digital marketing can make you very wealthy. Chapter one sets the tone for the book and reveals how you can transform your business and by extension your life through the application of digital marketing in your business. It explains the numerous advantages that digital marketing has over traditional marketing and how you can easily apply it to your business to dramatically improve your sales. To learn more about this, kindly visit https:///dr_DrNPp
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Politics / How The Atiku $10 Billion Stimulus Plan Will Benefit You. by ProjectNaija(m): 8:31am On Dec 28, 2022 |
 How Atiku’s $10 billion economic stimulus plan will affect you. By Kunle Oshobi According to the National Bureau of Statistics (NBS), 59 million Nigerians representing 84.02% of Nigeria’s total labour force work in the Micro, Small and Medium-scale Enterprises (MSMEs) sub-sector of the economy. This effectively makes the sector the biggest employer of labour in the Nigerian economy and where we need to focus on if we are serious about growing the economy. However, despite the huge number of Nigerians employed in this sector, many more Nigerians remain unemployed with our unemployment rate currently hovering around 33% and many more of those that are employed being actually under employed and unable to maximize their potentials. Analysis by Statista further reveals that while we have an estimated 41,469,947 micro enterprises in the country, there are also 71,288 small enterprises and 1,793 medium scale enterprises operating in the country with a vast majority of the micro enterprises being one-man businesses. Various studies however reveal that the biggest challenge being faced by most MSMEs in the country is access to capital to finance their operations and the prohibitive cost of the capital in the rare occasion that it becomes available. It is also a fact that if we are to grow our economy, create jobs for our people and pull Nigerians out of poverty, we must stimulate economic activity and increase productivity within the economy. This essentially is what the Atiku stimulus plan intends to achieve as it will directly be addressing the single biggest problem that is inhibiting productivity within the Nigerian economy by providing concessionary loans to large numbers of existing and potential entrepreneurs to help finance their business growth. To fund the stimulus plan if elected into office, Atiku intends to use the proceeds from the sales of the refineries which have now become a drainpipe costing the government over N100 billion annually to maintain even though they are not producing any fuel. By so doing, Atiku will be converting a liability which is costing us billions of Naira to maintain every year into a resource that can be used to finance economic growth and positively impact the lives of Nigerians. In addition to that, part of the money saved from the removal of fuel subsidy which is estimated to cost the federal government $15 billion this year alone will also be redirected to fund the stimulus plan. Effectively speaking the plan aims to redirect funds from consumption activities (subsidy) to productive activities (MSMEs financing) thereby killing two birds with one stone unlike those who bandy slogans of moving Nigeria from consumption to production without any effective plan to achieve such objectives. In implementing the stimulus plan, unlike the “Trader money” charade which turned to be a vote buying racket, the funds will be disbursed through competent financial institutions where the funds can be professionally managed and processes put in place to ensure that the funds are not abused. With this move, the Atiku stimulus plan would also have ignited a credit culture within the Nigerian economy and help deepen the financial services industry in the country as the risk appetite of our financial institutions will increase based on the implementation of the plan. Various studies have also revealed that Nigeria can double her GDP within six to seven years if we can develop a thriving credit system in the country in which credit facilities will be available to most entrepreneurs and consumers as this will unlock a lot of potentials within the economy, stimulate an increase in demand and supply within the economy and translate to more jobs and income for Nigerians. With the $10 billion stimulus plan, as many as five million Nigerian entrepreneurs could benefit from the loans in the first instance and if an average of just two jobs are created per beneficiary, that means that ten million Nigerians can be taken off the labour market in the short term. Other benefits of the stimulus plan will include human capacity development programs to train beneficiaries on how to manage their businesses better and ensure that the funds disbursed are well managed and that they become more productive. With increased productivity, not only will the entrepreneurs earn more and put them in a better position to grow their businesses, government also stands to earn more in terms of taxes which will further enable them to enhance their service delivery to Nigerians. The good news is that this stimulus will spill over to all sectors of the Nigerian economy and affect everyone positively as the increased purchasing power that Nigerians will collectively have as a result of pulling millions out of the unemployment market will mean more patronage for existing business owners that didn’t benefit directly from the stimulus plan and more income for their workers. Less people will also resort to crime when more jobs are available thus making our country safer for all. With the implementation of the Atiku $10 billion stimulus plan along with other policies like the Atiku plan to incentivize the power sector as was done in the telecoms sector to attract more private sector investors into the industry along with his plans to ensure that the private sector becomes the engine of growth of the Nigerian economy, the average Nigerian will be the biggest beneficiary as this will translate into more jobs and higher income for all Nigerians. It is certainly in our enlightened best interest to support the Atiku plan to #RecoverNigeria by joining hands to vote him in as the next president of our beloved country. Kunle Oshobi is a spokes-person for the Atiku/Okowa campaign organization https://solakuti.com/how-atikus-10-billion-economic-stimulus-planwill-affect-you-kunle-oshobi/ |
Politics / Re: *7 Reasons Why Jandor Will Beat Sanwoolu Silly* by ProjectNaija(m): 1:42pm On Dec 21, 2022 |
Lanretoye: Some of you believe so much in Tinubu's ability to rig but this time around, you will receive the shock of your life. Tinubu ati APC ma lu le. 2 Likes |
Politics / Re: *7 Reasons Why Jandor Will Beat Sanwoolu Silly* by ProjectNaija(m): 1:40pm On Dec 21, 2022 |
Lagosians have woken up now and are no longer willing to tolerate the antics of a criminal godfather who sees Lagos as his ATM. Asides with BVAS and electronic transmission of results in place, Tinubu will not be able to deploy his usual rigging tactics so it's highly unlikely that APC will retain Lagos. Congratulations in advance to the good people of Lagos as Jandor leads to mission to rescue us from 24 years of tyrannical hegemony. 3 Likes |
Politics / Re: Abdul-azeez Olajide Adediran The Lagosian: Who Wants To Make History In 2023! by ProjectNaija(m): 2:38pm On Dec 18, 2022 |
From what I have learned about Jandor, he has got all it takes to be a very good governor of Lagos state. That asides, Lagos needs to be rescued from the tyrannical grip of the criminals that have been looting the state blind for the past twenty three years. 3 Likes |
Politics / Atiku, Not Tinubu Responsible For High IGR In Lagos by ProjectNaija(m): 11:42am On Dec 18, 2022 |
ATIKU, NOT TINUBU RESPONSIBLE FOR THE INCREASE IN LAGOS STATE IGR: SETTING THE RECORDS STRAIGHT. Many of us would have come across claims by the presidential candidate of the APC Bola Ahmed Tinubu and his spin doctors stating that Tinubu increased the Internally Generated Revenue (IGR) of Lagos State from N600 million monthly in 1999 when he became governor to N6 billion monthly by the end of his tenure in 2007. While it's true that the IGR did increase, the IGR in 1999 was actually N1 billion a month contrary to the claims of Chief Tinubu and the increase in IGR had little to do with his efforts. Rather Lagos state being the commercial nerve center of the country was benefiting from the rapid economic growth being enjoyed under the Obasanjo/Atiku led PDP administration of the time in which Atiku was firmly in charge of the economy. The point to note is that over 70% of IGR in Lagos state is from the proceeds of income tax of workers resident in the state and it was the increased employment rate in the state based on the economic policies of the Obasanjo/Atiku administration that was directly responsible for the increase in IGR and not due to any particular effort of the Tinubu administration. With the return to democracy in 1999 and the economy with a GDP growth rate of just 0.58% was left in ruins after several years of military mis-rule. Fixing the economy became a top priority of the Obasanjo administration and with Atiku in charge of the economy, the administration embarked on an elaborate economic reform program that brought about the Telecoms revolution, banking reforms, pension reforms, backward integration program, local content policy in the oil industry and numerous other policies that stimulated economic growth which saw our economic growth rate peaking at 15.3% in 2002. This remains the highest economic growth rate achieved in Nigeria’s history and the Atiku-led economic managementteam was able to achieve this at a time of relatively low oil prices. With the phenomenal economic growth enjoyed under that dispensation came millions of jobs that were created across the country and Lagos being the commercial capital of the country became the chief beneficiary of the jobs created especially as all the banks, pension companies, insurance companies, oil companies, telecoms companies and manufacturing companies that increased their staff strengths as a result of the growth had their headquarters and most of their staff in Lagos. It was this rapid growth in job creation in which the organized private sector in Lagos state was the main beneficiary that was directly responsible for the increase in IGR of Lagos state and it was the Atiku led economic team of the Obasanjo administration that was directly responsible for implementing the economic policies that brought about these jobs. Lagos State just happened to be the chief beneficiary of the economic growth policies of that administration It is therefore laughable today that Bola Ahmed Tinubu who enjoys claiming credit for the increasing the IGR of Lagos and uses the claim as a means of propaganda to promote himself for the presidential race is using the achievements of his main rival in the race to campaign. It was the Alhaji Atiku Abubakar led economic team that was responsible for implementing the economic policies that stimulated the economic growth which resulted in the rapid increase in Lagos State IGR. Enough has been written about the connection between Lagos State IGR, Alpha Beta Consulting, it’s chief beneficiary, and how it is being used to fund political activities so I will spare us the details but instead of taking credit for increasing Lagos State IGR, Bola Ahmed Tinubu should be grateful to the Obasanjo/Atiku administration for the impact that their economic policies had on the IGR of Lagos State and learn from them about how to grow the economy. A policy of recruiting 50 million youths into the army and feeding them with agbado and cassava is certainly not how to go about growing the economy. Kunle Oshobi writes from Lagos. https://guardian.ng/opinion/setting-the-records-straight-atiku-not-tinubu-responsible-for-the-increase-in-lagos-igr/ |
Politics / Re: Lagos Agberos And The 2023 General Elections (A Must Read)! by ProjectNaija(m): 10:49am On Dec 18, 2022 |
This agbero issue is actually one of the biggest problems in Lagos and the unfortunate thing is that they have the strong backing of the Lagos state government because Tinubu is their godfather. Apart from the fact that Tinubu gets a cut from the agbero money being extorted from Lagos transporters, the agberos also serve as political thugs to rig elections for APC in Lagos. The sad thing is that the transporters pass on the cost of this extortion to ordinary Lagosians and this is what is responsible for the high cost of transportation in Lagos and it also contributes to the high cost of goods and services. 5 Likes |
Politics / Re: 5,000 Supporters Of Jandor Joins APC (Pictures) by ProjectNaija(m): 10:47am On Oct 28, 2022 |
nairavsdollars: Fake defectors, this is the same way that APC went to rent fake bishops. Not one single one of the so called defectors was a member of the Jandor Lagos4Lagos movement. |
Politics / Re: Has Sanwo Olu Been Able To Recover From His Drug Abuse Problem? by ProjectNaija(m): 9:54am On Aug 15, 2022 |
Vulturereloaded: Sanwo olu was probably one of Tinubu's favorite customers when he was still in the drug trade in Chicago, this explains the connection between them 4 Likes |
Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by ProjectNaija(m): 12:51pm On Dec 17, 2020 |
Emekankwoka: Are you aware that the South East is the poorest of the six regions in Nigeria? If in doubt do a Google search or browse through the website of the National Bureau of Statistics (NBS). 3 Likes |
Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by ProjectNaija(m): 11:47am On Nov 29, 2020 |
NGpatriot: The Dreamliner is actually the Boeing 787 and not the 747. |
Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by ProjectNaija(m): 7:35am On Sep 04, 2020 |
CeterisXVII: I see this company getting ahead and overtaking INNOSON to become the number one Nigerian Automobile brand in the not too distant future. Kudos to Oluwatobi Ajayi and his team. 11 Likes 1 Share |
Literature / Re: Project Nigeria: Building The Country Of Our Dreams by ProjectNaija(m): 7:54am On Aug 15, 2020 |
When people ask me that what have I contributed to the development of the country instead of just criticizing the government of the day on social media, I can now point to my book which contains probably the most ambitious and well thought out Economic growth plan written for the Nigerian economy to date. It is a plan that will not only transform the Nigerian economy into a top ten global economy within the next fifteen years, it will also raise the standard of living and quality of life of present and unborn generations of Nigerians. Inbox me for details of how to get your copy of this revolutionary book and let's join hands to build the country of our dreams.
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Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by ProjectNaija(m): 5:40pm On Jul 26, 2020 |
Uchasa: Zenith Bank and Access bank are neither owned or promoted by Igbo men. They are both Delta minorities. Infact the original founders of Access bank were Yoruba before it was taken over by the AIG Imoukhoude led management and AIG is from Edo State. Even Jim Ovia the founder of Zenith is from Edo State and Tony Elumelu of UBA is a Delta minority 4 Likes 1 Share |
Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by ProjectNaija(m): 5:13pm On Jul 26, 2020 |
Uchasa: You obviously haven't gone through the thread, all the companies that you mentioned plus several more that you don't know about have been mentioned and commutatively they don't come anywhere close to what has been detailed in this thread. 3 Likes 1 Share |
Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by ProjectNaija(m): 4:19pm On Jul 26, 2020 |
Uchasa: https://www.nairaland.com/3926379/igbos-most-industrious-innovative-richest Go through the above thread first before wasting your energy. 4 Likes 1 Share |
Literature / Re: Project Nigeria: Building The Country Of Our Dreams by ProjectNaija(m): 6:15pm On Jul 25, 2020 |
FOREWORD by Donald Duke In this work Project Nigeria, Kunle Oshobi takes us through the frightening challenges that Nigeria faces against the enormous potential that it abounds and surmises the urgency of now. With an unbridled population growth averaging 3.5% and an economic growth slagging in the lower 2%, the overall economy has recessed over the years with Gross Domestic Product per capita being severely eroded due to an inadequacy of the factors of production, power, access to availability and affordability of financing, poor infrastructure etc. Despite the much-touted progress being made under the aegis of “ease of doing business”, the effects are hardly felt and there is almost an unanimity that Nigeria poses, as one of the most difficult business environments on the continent. The Nigerian potential is in no doubt. Take for instance the telecommunications industry, recently a telecoms company declared in its annual report a gross annual revenue of 1.2 trillion Naira which amounts to about 12% of the nation's budget. The combined revenues of the four major telecom companies could probably average about 25% of the budget of the nation. One sector! This in itself begs the question, do our economic managers understand what is happening? Are they able to match the enormous potential against the enormous challenges? Do they appreciate the urgency that a potentially already failing state portends for the nation, the sub region and its global implications? In a generation, Nigeria’s population is postulated to double from its current 200 million to 400, thus making her the 3rd most populous nation on earth. With about half living below the poverty line, the consequences if not urgently addressed may trigger a situation difficult to contemplate. Despite an abundance of resources, the nation seems to have stalled its comfort at fossil fuels where for the last 40 years the daily output has hardly matched its installed capacity of 2.5mbd. But in real terms, cost of production has gone from an average of $5 in the seventies to the lower $20s today. In other words, net receipts have grossly dipped. Indeed, the nation’s federal budget has hovered at about $25 billion over the last 40 years but in real terms, value has ebbed severely. This is stark! Within this period the population has grown from 80 to 200 million. The earlier reference to the telecommunication’s sector revenue averaging about 25% of the budget speaks of a gross dereliction or inadequacy in revenue collection by the revenue authorities, particularly when compared with our tax to GDP ratio at barely 5%. Oshobi urges focus on the levers of production, education and skills as human capital development, healthcare and infrastructure. He urges certain critical sectors with the potential of job creation and impact to be pursued with unrelenting vigor. Towards achieving this, our trade policy must change. It must be based on reciprocity and trade or investment balance. Leveraging on our large consumer market, we must coerce our trade partners to invest in critical sectors of the Nigerian economy, inclusive of agriculture, infrastructure, defence industry, consumer products, health and skills development sectors. This will stem the further hemorrhaging of the economy, create jobs and infuse technology transfer. Adding value to imported items by allowing, for instance, only consumer electronics products as CKD and thereby compelling the assembly of these items locally will not only create jobs but will ensure skills and technology transfer. Another policy area requiring re-visitation is the hardly compelling economic logic in demanding that trade within the ECOWAS sub region should be conducted in foreign currency. A mechanism that would allow the acceptance and convertibility of local currencies using a nominated existing bank with a wide operating base in the region as a clearinghouse or some designated institution will encourage inter-regional trade, allowing these countries conserve their foreign currencies for high valued goods not produced or manufactured within the sub-region. We ought to explore an array of policy options as a means of encouraging and enhancing productivity within our economy. Our population, if well utilized is a blessing, as is the reverse if current trend continues. Project Nigeria is styled as a blueprint to achieving a growth potential that encapsulates the entire national fabric. Driven based on enhancing the human capital index and focusing on the development of the mind through education and social orientation to ensure the increased productivity of Nigerians. It further delves into the totality of governance as it relates to the nation. For instance, it recognizes that a complete reorientation is required in the attitudes of the government and the governed so that each complements the other towards a single goal, being the overall wellbeing of each citizen. Using four sectors namely for illustrative purposes, financial services, power, agriculture and its allied industries and petrochemicals which are by no means exhaustive, Kunle has advocated these sectors with the view that if properly repositioned could by themselves be the fulcrum to catalyze the economic rebirth of the nation. Other sectors of the economy are addressed, identifying the challenges they face and proffering solutions to them. The aviation sector he postulates, for instance, is bridled with high taxes and levies, inconsistencies in policy thus making it uncompetitive against international players and results in it contributing a meagre 0.4% to GDP as against an average of 10% in Kenya, Ethiopia, Rwanda and South Africa. Huge losses resulting from over-regulation as stated earlier in the aviation industry and total neglect or under regulation as depicted in road, rail and water transportation resulting in a further potential loss of over 10% of GDP. The completeness of this work is its analytics of various sectors, identifying the challenges and proffering solutions. Mindful of the human capital and political will to make things happen, the inadequacy of local managerial expertise and the need to groom managers, rather than on the reliance of expatriates. If anything, what the 2020 COVID-19 pandemic experience has brought to the fore is the veneer thinness and vulnerability of the Nigerian economy. Unable to absorb shocks and consequently operating as a hothouse plant that collapses at the slightest stress, the Nigerian economy operates on the principle of everything being equal. This is a fallacy as nowhere in the world do such conditions exist. Things don’t happen, people make things happen and therefore our budgets and budgeting principles and framework are piecemeal and guesswork that are hardly ever attained. COVID-19 collapsed the global demand for crude oil, consequently throwing the2020 Nigerian budget into a tailspin. With a poor industrial production base, highly dependent on imports, funded largely by earnings from a single commodity, the entire national socioeconomic fabric descended into tatters. Therefore, the need for a new economic order is not only imperative but long past overdue, for a society that does not help the many that are poor, will be unable to save the few who are rich. Donald Duke 1 Like
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Politics / Re: Salami Panel Digs Beyond Magu by ProjectNaija(m): 8:40pm On Jul 11, 2020 |
tungamaje: A solution to the power problem that we are having in the country is one of the proposals in the book. |
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