₦airaland Forum

If I have a table of newly captured banking transactions like all deposits over 6 months with each transaction date, time, authoring user, and amount, I consider it info that can be processed to reveal data on the best time of the month with more deposits, most active bank users and workers, or even most active branch for deposits. I could in turn process the newly inferred info to give a new data like report on likely potential market, recommend staff for bonus based on most active etc they are relative.
For example 0 and 1, the most basic form of info accumulate to give data in a database.

In addition to OP's post, here is my 2 kobo:
The government should make effort to oversee growth of specific sector. Garment making for example, nothing stops us from having the latest of automated garment making machine being subsidized in terms of expertise of use. There could be a fair where the most talented garment makers people could contest for making world standard garment and win prices. The goverment can put a strong term of say 50-100 mechatronics engineers to help with advanced repairs locally, if we have this in place and there are no corrupt middle men then in no time we can produce our own clothe to western standard & taste and be net exporters. Same can be replicated across key sectors that produce components of food, shelter, transportation and communication. The states have proven they are not ready for this. The people aren't ready to join hands together and to cap it all there is a system resisting this kind of breakthrough. The common man can't do it all.
If there are five states into this in no time some states will realize that they can produce raw materials like cotton fabric. We must industrialize and. Mechanize, be farming or industry.

The awareness of free money is stronger than ever. Everybody is looking easy money. Nobody wants to go thru the uncertainty associated with growing a manufacturing outfit or agriculture business from scratch.

sosanova:
u must be high on Oshogbo weed, comparing Fashola to Barth Nnaji as regards Power Generation .. .. go back n Google the antecedents of Barth Nnaji before the Generators Cabal/Mafia forced him out of Government.

I guess they caste a spell on him.

An unexplainable history. So much input near zero output.

Ghandi12:
She achieved that feat in United kingdom not Nigeria. Bottom power does not work for 15 years in such nation.

OP and his likes are clearly bitter, thus the misinterpretation of irrelevant data we are seeing.

likila:
character that build website with 500 million naira?
ma'binu, stop feeding yarsef lies.

While I can't defend a website for that amount as a Web Design person myself, Fashola is a significant upgrade character-wise compared against Nnaji and co.

mployer:
Which government are you trusting? This hypocritical government that said it doesn't know what subsidy is?

Keep getting brainwashed.

when did the government make that statement? I assume you meant Buhari as the President elect.

jusRadical:
Do not be a hypocrit.

When was the last time you bought fuel at N87 per lit?

3 days ago. I still boughtt fuel at N87 3 days ago.

TonyeBarcanista:
You just echo my sentiment. For instance, what does Fashola understand in the power sector for him to develop a workable blueprint as a minister? He is left at the mercy of civil servants that will most likely tell him 'what to do' because he doesn't really have enough knowledge. It is a pure case of round peg in triagular hole. This issue is what has been killing Nigeria. We appoint people into any office that we please without preference to expertise.
Amaechi is even more clueless..

Considering the fact that leadership is affected 99% by character and 1% by learning. Fashola shld be there. With character he can always learn. His drive into power sector goes back to his Lagos days and believe me, he sure understands power sector. In the absense of Character as a virtue what were the professor of 'power' able to acheive? Tell me.

ufotty2001:
Federal government is to borrow N10 each from Nigerians to finance 2016 budget.. source,: www.channeltv.com

That will be an improvement over the govt that sold oil for $108 and still planned on doubling taxes, stopping amnesty, removing subsidy while it secretly shared security funds to 'friends' at Federal level (#DasukiGate) and state level (Security votes of governors). It show you APC has respect for Nigerians.

cleatoris:
2012 does not bear same realities as 2015/16.
Things have CHANGED!

Pls help tell them oh.
We have a govt who admits there are sharp practises in the supply chain of fuel that was previously denied. Plus oil is selling for $37 as against $108 (excluding a flat cost of refining) it sold for then.

By that time oil price would have dipped even further. If only Nigeria had built power plant then by now cost of running power should be going down and spur on the manufacturing sector. What a waste all the time Papa Deceived Pikin.

Look at the PDP -> APC power shift, the Ibori poetic justice, the current anti-corruption drive and realize change is constant and is always taking place. Saraki could still go to jail.

You mean she misled the governor into borrowing, spending and influenced the anticipated source of income(oil earnings) the govt planned to repay the debt with? Common use a brain and save a brother some megabyte.

Good. At last I can afford to trust the govt with simple decision making. If PDP led govt had supervised same move I am sure the marketers would have transformed into cabals and regulate oil prices for huge profit via bogus claims. If the marketers could steal the govt money via subsidy you tell me how same govt would have been able to regulated them without subsidy. I support the move.

Freegift75:
Mr Man, what is the way out?
The hardship is too hectic! Before I could get fuel bought yesterday, I saw hell

The way out is hardwork toward (Nigeria) producing what you consume. If refineries worked then fuel will be easily available. Same fuel that's in excess on many vessels waiting for buyer in sea is what you couldn't get readily. If we had a working refinery then we wouldn't have to incur extra cost that comes with refining oil in dollar domain, this alone could improve fuel prices by N10/Ltr. Ask yourself with oil selling for record low in a long time, do you think Benin, Togo,Ghana are experiencing scarcity? 90% of challenges faced by us are simulated by somebody somewhere making money from it. As Buhari brings change I expect these things to go away.

Couldn't read much, but the man may not be guilty from what I observed.

Why run? You can't steal what's yours now.

Ghandi12:
How to Survive a Recession

http://www.wikihow.com/Survive-a-Recession

The economy always has and always will have its ups and downs. It's easy to coast through the good times, but how do you come out of the tough times unscathed?

1. Talk it over. Sit down with every member of your household and go over your finances.

How you resolve and differences in your approach to money will have a profound effect on your relationship's chances of succeeding: Take a Healthy Approach to Finances in Your Relationship
Now is the perfect time to set an example of your children, and show them how a family can pull together during tough times and everyone can chip in: Teach Your Child About Budgeting and Get Adult Kids to Pay Their Share


2. Set financial goals. Focus on paying off debt and saving an emergency fund. If you don't already have you an adequate emergency fund set aside, specify a goal for how much money you want to add to it every month, and put an equal amount towards paying off your highest interest debt. Pay yourself first.

While normally, it's recommended that a two-income couple keep three months' worth of expenses in an emergency fund, during a downturn the recommended time is six months instead, especially if you're in an industry that gets hit hard by a recession (construction, financial services, food) and if you're a one-income family. If you're self-employed, you should set aside up to a year's worth of expenses.


3. Cut costs. There are a number of ways to reduce expenses.

Cut discretionary spending. Buy nothing. Resist sales pitches. Don't even think about using that new credit card offer in the mail, even if it does have a low APR and no payments for two years--evaluate it carefully. When you do need to buy things, haggle. But this is a good time, overall, to determine the difference between what you want and what you need, and reconsider your values - is your current standard of living really worth hanging onto?
Transportation - Carpool as much as you can. Consider commuting by bicycle or even living without a car. But if that's not practical, look for ways to save money on gas, even if it means hypermiling.
Housing - Get a roommate or consider relocating to an area with a lower cost of living. Maybe you can move in with family members until the economic downturn blows over. Keeping the peace in a multigenerational household isn't always easy, but it has its own rewards.
Food - Stop going out to eat; instead, try to cook at home from scratch more often. Consider the benefits of the slow food movement. If you don't have enough time to cook, try doing it just once a month. Find good deals at a local farmers' market.


4. Keep the money flowing in.

If you have a job, be an amazing employee. Now is not the time to slack. Show up early, stay late, and volunteer for projects. Pick up the slack for other workers; it's what will happen when people get laid off, anyway, so now is the time to prove yourself. Look for ways to save your employer money, especially if you see your employer doing little things to that effect, like encouraging employees to turn of their computers. Try to quantify your efforts in terms of how you've raised profits and cut costs. Start networking so that in case you still get laid off, you have a safety net of contacts who might be able to help.
If you own a business, develop a risk management plan if you haven't already. Find ways to reduce expenses, e.g. Virtualize Your Workforce. Improve Service Quality at Your Business so that budget-strapped customers will want to use your products or services through tough times.
If you don't have a job, find other ways to make money fast. Focus on cutting your expenses, as described in the previous step, and consider volunteering; if you've got the spare time, there are organizations that will need your help, and you could establish good karma in your community.


5. Enjoy life.
In order to avoid recession depression, don't let fear control you; an intense feeling of paranoia can make you an inflexible employee and also strain your relationships. Be thankful for what you have, and make sure to have fun. Instead of not taking a family vacation, for example, take a Staycation or Exchange Your Home for Free Vacation Accommodation instead; invite your family to think of creative ways to save money without skimping on happiness. Accept difficult times as a challenge for your fortitude and adaptability.

Your reply addresses recession from individual stand point. As a nation, we must quickly seek to replace imported goods and services with local ones and push to export more produce to the dollar domain. If as a bee keeping honey exporter I used to make sales of $1000 every 3 months (quarterly) when dollar changed for N165/$, it means N165,000 earning. Now that same dollar goes for, let's say N220/$ to be conservative, $1000 will mean a N220,000 earning. Exportation helps cushion the effect of recession for the whole economy.
Decreased importation is equally as effective as increased exportation. What sold for $1000(N165,000) will now sell for N220,000. In addition to management at personal level as described by you,an aggressive drive to export as much as possible as an economic unit will help replace the funds dwindling oil prices and market has taken out of earnings.

If only we can follow the Russian example. Russia is no doubt a world power with advancement in technology. Russia has set a target of replacing foreign goods and services with local ones in the next 7 years. If only we could stop money going out via import of rice, wheat, flour, shoes, and most commodities we spend some 85-90% our monies on then we can greatly slow capital flight and in the process employ the equivalent of the foreign worker who hitherto produced such goods. Buhari is simply our best bet to oversee such hard time.
By now I expect the advocate of previous govt to know that the $37/b oil price can barely sustain the recurrent bill left for the current admin.

Religion of peace people protest the release of potential jihadists.

Iweala was a position hungry appointee of GEJ who tried to play smart with fire. Lots of things were done with the mindset that corruption will continue to go unchallenged and celebrated. From her body language so far, she reluctantly played dirty for GEJ to save her name from potential scandals. Few people saw probe coming, many saw PDP ruling for 50 yrs.

Nice move by Govt.
You want to 'hammer' then seek more patronage and not inflation. See what PDP could not initiate in 16 years being done by APC who couldn't 'register' a party. I tell you good governance is not by size otherwise the largest party in Africa wouldn't be the world's largest opposition party now. Change all the way.

Nigerians are lawless people. Before and after Buhari.

Boko Haram shouldn't be negotiating now or their god done turn like that?

Like ants like sugar.

The Nigerian version of job roles.
P R O = Public Defender. Ask Abati.

There is no Cabal that can be like PDP cabals. We shld b glad we even have a running government. With average price of oil at 108 USD a barrel during jona's time Nigeria had 70 recurrent expenditure so at ~50 USD a barrel you tell us how this admin shld embark on what jona couldn't. For the people not to be on the street now is an achievement on its own. PDP was planning to increase VAT, stop Amnesty and remove subsidy.

^they will soon come out to present it as an APC vs PDP issue to their gullible followers who will start name calling.

I don't understand the what this secret financial genius is saying at all. Is he saying the Banks are getting the money being released and then granting the state the long term loan.

Sad and low. So our senate will collect our money and be supporting one criminal like who's against us, against us. Let this man drown on his own.