₦airaland Forum

Please can anyone help me with the current requirements and cost of arranging a court wedding at the Ikoyi Registry. I'll be coming over to Nigeria very soon for this reason. My fiancee is back home in Nigeria and we intend to do the court marriage first before the the trad and white wedding later in the year.
Also, would it be wise to get rings for the court wedding knowing they're still required for the white.

I'm just trying to get all the necessary information as possible and plan very well.

Thanks.

Nigerians are brutal and mean sha.

Well, she should have known in that street only the brave survives.

What a brilliant and intelligent piece of write up that is, very provocative and brutal. How did we find ourselves in this mess? Tougher and scary times ahead be it either GEJ or GMB come Feb 15.

Why can't we have people like Soludo and the likes in these so called 'major' political parties vying for the post of the President in this country?

Honestly we still have a long way to go.

Wow! What a brilliant and intelligent piece of write up that is, very provocative and brutal. How did we find ourselves in this mess? Tougher and scary times ahead be it either GEJ or GMB.

Why can't we have people like Soludo and the likes in these so called 'major' political parties vying for the post of the President in this country?

Honestly we still have a long way to go.

Arsenal fans right now

We are making progress, now that the exam number is made known, all roads lead to WAEC.

Kenai:
Mr. Integrity lied under oath?
tragic!

Busted!!

PhockPhockMan:
Barcanista, the conference never finish?
I'm waiting.

Hahahahaha, that got me cracked up.

Buhari, just show your certificate na

Time now for Buhari to show his certificate for all Nigerians to see, he's no where to be found.

Even if na only first school leaving certificate (primary school), please just show us na, abeg.

No need for a press conference please, just show us your certificate period.

Buhari come show us your certificate naw? Is that too much to ask for again?


https://www.youtube.com/watch?v=fKpkgtKDuHw


https://www.youtube.com/watch?v=NaPiBrmYitM

Buhari please come show your certificate


https://www.youtube.com/watch?v=fKpkgtKDuHw


https://www.youtube.com/watch?v=NaPiBrmYitM

I thought this is Buhari Certificate

36STATES:
Even the car assembly photo is from Obama's auto bail out campaign. Here is the link
http://www.pennlive.com/opinion/2013/01/op-ed_taxpayers_still_bearing_the_burden_of_auto_bailout.html

Since you're too lazy mentally, I think this should help you.

Decided to follow Jesus!!!

tee4naija:
Colourful with imported crowd.

Don't you think that's how those colourful imported crowd will be mobilize to vote too? #Justsaying

What a great president GEJ is turning out to be.

With these alone, he has so far outperform his predecessors by all standards.

Please mods; Ishilove, Obinoscopy, lalasticlala, Mukina2 do the needful

Thanks OP for these

3,2

That was a smart move to be honest. When it comes to international politics, its all about interest! interest! interest!

I think we got this one right.

Happy New Year Chelsea fans

Come on Man U, we need more goals

berem:
PDP rats will not agree with you. They know I say the truth that's why they haven't disputed it.
Anyway,the bottom line is creating awareness and sensitizing Ndi Igbo who crave for change to vote for Buhari. If Orlu people have now realized that Jonathan is a failure,then it won't be difficult for other people in the southeast to follow suit.
It seems Igbos who live outside southeast states will not massively vote as many will travel back home again during the elections especially those who live in the north. Many of them seem to have even returned home pending the outcome of the pesidential elections.

FYI, no sane igbo person took what you said seriously because we all know you are lying.

You took your mum to YSG park

Cheap lies, please try another one biko

adebisicutie:
Stop acting ignorant , it won't affect the cost of yam in the market. People will only pay the 1000 per tuber as a way to support the cause and raise funds for the party and it will be entirely voluntary

Don't you think for some selfish reasons, some people would take advantage of this and before you know it, the general price of yam will increase? Guy this is common sense.

APC now selling a tuber of yam for N1,000 now they've not got to power. How much will it cost if, I said if they eventually get to power? Na wao!

avuekwe:
@reddit, please I'm not so good with economic theory and budget wahala. But I have a question to ask. You mentioned austerity measures put in place by government, is the devaluation of Naira part of it? Secondly, what does the devaluation mean for us, will things get better or worse next year if Naira value keeps moving from N193 to say N 250 against the dollar and how will that impact on the cost of living and price of buying goods?

The free fall of oil price is not only sending our currency on a downward trend, it is also making it difficult for the CBN to defend the naira, this is a double jeopardy. As long as the CBN keeps trying to defend the naira, it burns our external reserve pretty fast, this is not a good sign. So by relaxing the value of the naira a bit is a good thing to do.

Devaluation like in many other economies creates winners and losers. The losers are those that make their money in naira but have to spend in dollars, like the importers, shopping and flying abroad, paying tuition fees abroad etc. While the winners are those that make their money in dollars but have to spend in naira, exporters also benefit.
In the long run if the value of the naira keeps falling, the economy at large will be affected. Nigeria is an import dependent nation, by this, the general cost of goods and services will rise and you know what that means, high inflation. Not good at all.

I hope this helps?

Thanks

Posted By CHUBA EZEKWESILI
on December 29, 2014

The theme of 2014’s Budget was ‘inclusive budget’. Whether it was indeed inclusive or not is debatable. Given the current economic climate, 2015’s budget radically departs from that narrative – it is barely inclusive. This is bad, but there’s good news…The proposed 2015 budget is one largely based on faith; so given our religious propensity, we should be quite familiar with it. Fret not, you’ll need that faith when you understand the composition of our 2015 budget.

Wait First. What Exactly is This Budget Thing?

For those who know, feel free to skip this. For those that don’t, you’ll need this part to understand the ‘wisdom’ of Nigeria’s 2015 budget. A national budget is simply an estimate of a government’s anticipated revenue and expenditure during the year. The Nigerian Government plans to spend N4.3trillion in 2015.

The budget consists of two major parts: the recurrent and the capital cost. Recurrent consists mainly of expenditure on wages, salaries and statutory transfers, purchases of goods and services, and debt service. Clearly, recurrent cost keeps the Government running and the civil servants happy. This is great for those in Government, but for the overall economy and the people, the benefits are negligible. To the economy, recurrent cost is like when that Uncle comes during Christmas to give you money for biscuit and sweet. You spend it and that’s the end. The effects are direct, but neither long lasting nor inclusive.

Capital expenditure typically consists of infrastructures such as bridges, hospitals, schools, etc. It’s through capital expenditures that infrastructure and other critical services that touch majority of the people are provided. The only way you’ll directly feel the impact of the budget as a citizen is through the capital expenditures – not monetarily, but through an improvement in quality of living. Capital expenditure is like what your mother spends on your education – you might not appreciate it, but it goes a long way.

So What Does the Budget Have to Do With This Austerity Thing We Keep Hearing About?

Austerity measures are policies used to tighten government expenditure, close loopholes that cause revenue losses and a gross reduction of budget deficits during adverse economic conditions. Why does Nigeria need austerity measures? Nigeria is kinda broke due to falling oil price. You can read more on how we got into this mess here.

Austerity measures are created to ‘trim the fat’ of government, so money goes to crucial areas that encourage economic development. This means that recurrent costs like high wages and salaries, duplicate workers, unnecessary spendings on travels and new goods get cut.

Ohhh. So The Budget Should Ideally Spend More on Capital Than on Recurrent, Right?

Well…not exactly. In fact, not at all. For all the talk about austerity measures, Nigeria’s recurrent cost rose. The budget showed that Recurrent Expenditure takes 91% of the budget, rising from N2.468tn to N2.616tn.

Spending more on Capital cost than recurrent might be the most economic prudent decision, but it never happens. Even in the good old days of higher oil revenue, Capital expenditure suffered. Capital expenditure dips from N1.55tn in 2014 to N387bn in 2015. That’s from 24% to 9% of overall budget. Sadly, capital expenditure is like the unappreciated house-help that does all the work and yet doesn’t get Christmas clothes.

Governments find cutting capital costs easier cause there’s little direct impact on the pocket of citizens as compared to cutting recurrent cost. The Nigerian Government is one of the largest employer of labor in the country, so it would be politically suicidal to go on a firing spree during this election period. Moreover, it’s simply hard to get the same people setting their wages to cut it down. Also, with a new presidential private jet and the usual 150 billion for the National Assembly included in the 2015 Budget, it seems the angel of austerity spared top Government officials just like the angel of Death spared the Israelites in Egypt.

In the short run, it might be the easier and more politically-expedient move to sacrifice capital expenditure on the altar of recurrent cost, but its not the smartest move. The overall health of the economy suffers from this move. It’s like your mother spending on your Christmas cloth rather than keeping money for your January school fees. It’s sweet now, but painful later.

So How Does the Government Plan to Fund the Budget?

A budget is only as useful as the amount you have. If you like, write a long list, when you go to the market with only N10, you’ll only come out with pure water. Similarly, with our falling oil revenue, Nigeria desperately needs to find money from other sources. Nigeria plans to sponsor the budget with oil revenue and make up the rest of the revenue by diversifying its non-oil revenue sources, and broadening and updating its sources of tax receipts.

This is the part where the budget’s theme goes from ‘austerity budget’ to ‘faith budget’. Nigeria’s budget benchmark is set at $65 per barrel, however, the price of oil is currently at $59 and could fall further. In fact, Saudi Arabia has their 2015 budget benchmark at $60. They’re obviously less optimistic than we are. If they’re right, it means we’ll make less money than we’re expecting. It’s like buying the iPhone 6 on credit, only to find out that your dad gave you money for a Techno phone.

There’s also a tad bit too much optimism on the non-oil revenue front. The Federal Government expects to bring in N1.68tn for 2015. Given that revenue generated in 2013 was N1.07tn, our 2015 target might be a bit too optimistic. Perhaps if independent revenue agencies and MDAs get squeezed, we could pull in N1.2tn. Remember, this is also by faith.

Also, increasing taxes should bring in some money. The tax on luxury items such as private jets, luxury yachts, luxury cars, business and first class airline tickets, champagnes, wines and spirits adds to N10.56 Billion in a year. I’m uncertain how much it does, but just for some perspective, N21 Billion was donated to the President’s election campaign in one night.

So What Happens If the Revenue Doesn’t Add Up?

When this happens to a Government, the next step is typically to borrow in order to cover the budget cost. If oil prices stay below $65 per barrel, we shall borrow. If our volume of crude oil sold falls below our target, ‘borrow borrow’ will continue. And if we do not meet our quite optimistic non-oil revenue target, we will continue borrowing. Our domestic debt has risen from N4.55trillion in 2010 to N7.65trillion as at September 2014…and things were still a bit economically smooth back then.

Yes. That’s a lot of borrowing. The Government knows this and has tried to stem it. After the curtailing of international travels, reduction of procurement and upgrade of buildings, and a partial implementation of the Steve Oronsaye report, the Government will save N82 billion next year. Aunty Ngozi try small, but a glance at the composition of the budget still ‘dey turn belle.’

So What’s The Implication?

The budget report mentions several government efforts at diversification of revenue, but the act of slashing capital expenditure introduces a conundrum. For us to increase our non-oil revenue, we must diversify. However, diversification of the economy can only occur if capital spending is high, not when you slash it – which is exactly what we’re doing.

The budget depicts the future economic plan of a government for its country. If so, then Nigeria’s proposed 2015 budget goes a step backward into our past to highlight our addiction to extravagantly large governments and our nonchalance for strategic long-term investment.

We’ve treated the economy the same way we treat our roads. We wait for it to have huge potholes, then kill a bus load of (preferably prominent) people before it gets fixed. Meanwhile, those who drive down the road do so by faith, hoping not to get killed. Currently, we’re staring at the potholes littering our economy’s future and there’s need to not only avoid them, we’ve got to fix them. This 2015 budget might just optimistically dodge these holes, but it’ll do little to fix them. Merry Christmas and a Happy New Year to all! With a budget like this, you’ll need all the happiness you can get in 2015.

NB: I’m sure there’s a legitimate reason the budget presentation looks like a cake…

Source

[s]

jaso1:
Shine your eyes well well!
This country is ours and an American will not come down here to effect change.
Nigeria youth which their future is under threat by PDP government for the past 15yrs need not to be told to rise up and engage in a battle with those who have been sitting on their destiny. Those who will continue to impoverish Nigerians through their economy voodoo. Those who shared Nigeria resources among themselves and engage in anything to ensure this devilish act of government continue.
We say no! No! No and No
A vote for Buhari may look like repetition of old hads but his own hand is better.
Corruption is our only problem and once it's arrest Nigeria will be good to live again.
Insecurity will be something of the past. Stealing will again be seen as corruption.
Vote Buhari don't make another blunder by voting PDP.

[/s]

Too much trash on this post

barcanista:
This is pathetic and highly condemnable. No Nigerian must be forced or threatened to vote against his/her will. The President and the Military must beef up security at strategic points and apprehend those bastard threatening fire and brimestone. I support Buhari but I reject in strong terms the threats of violence and death to Jonathanians by some disgusting element.

You guys here on nairaland aren't better, they (APC thugs) carry theirs on the streets using weapons while you guys here carry yours on keyboard. (E-violence)