₦airaland Forum

judgementyard:
Gambling is for the strong hearted.I don't play anyway but might start just for the fun of it.

ORIENTATION101:
Senate should as a matter of urgency fast track the passing of social media Bill. Millions of nigerians re being misled everyday with fake informations if this continue it will set the country on fire one day

Okoroawusa:
What do you know about the Oil n Gas Industry in Nigeria?

codedguy1:
Parochial narrow minded youths will also not know that Nigeria really has no comparative advantage in production of rice. We will still need yo import about 50% of rice even when we produce, or do you think rice can be planted all over Nigeria because it is big.

There are other products we have comparative advantage of and we are not talking about them or even trying yo take advantage of the advantage we have. Cassava, cashew, millet, Cocoa, sesame seed, Sorghum, even yam etc are products we can use to earn huge foreign exchange but because we CONSUME rice that we don't really produce then we can close border for it.

Closed border, even those that want to export/import other products are caught up and its only rice we talking about.

On the condition of Nigerian roads, he said the roads are not as bad as they are often portrayed. “I know that this is going to be your headline, but the roads are not that bad,” he added.

Read more at: https://www.vanguardngr.com/2019/11/nigerian-roads-not-as-bad-as-being-portrayed-fashola/

Gadafii:
I have to go thru the pictures several times...I didn't see any transformation


is it my phone screen or my eyes

demoBaba:
What's your problem about Buhari? Did PDP brought chair there and Buhari take the chairs home.

Learn how to talk in public.

Richiez:
The core Northern states have a lot of catching up to do regarding the standard of primary education. The Almajiri system seems to be stronger than the formal primary education.

GuestLog:
Hmmmm! You Buhari supporters talk dumb a times. What do you mean by start a fish farm. Do you mean we should start stockfish farming in Nigeria?

Do you even know what a life stockfish (codfish) look like?

PS: for those of you quoting me...
1: No, one mustn't eat codfish but note that not everyone eats catfish as well. Especially in the north where they believe it is a carnivore

2: You cannot breed a codfish in Nigeria as a business because this fish natural habitat is icy salt waters which can only be bred in northern Europe (Norway & Iceland)

3: instead of closing the border of Nigeria, why not reduce tarriff and import tax. Closing the border means even Nigerians can't export our commodity to other African countries through land border. Thereby creating unfavorable balance of trade and breech of bilateral agreements

judecares1:
This man is d worst governor of the year award,no payment of salaries, people who retired since 2013 are yet to receive payment, unemployment rate increased,roads are totally in bed shape,all the buses purchased by d former governor is nowhere to be found light nko? I tire 4 d man, despite all the revenue within his reach
Na only God go punish this man ooo

Olufemiolaolu:
Was the money in bullion van stolen? How can you challenge a man that has a flourishing businesses that can afford to transport his money in more than 100 bullion vans in court?This is preposterous. He has a veritable source of income.

Vietnam’s $245bn non-oil exports expose Nigeria’s failures

If Nigerian policymakers are desirous of changing the narrative of a mono economy , they may need to look in the direction of Vietnam, a Southeast Asian country that has emerged from the ashes of oblivion to become a manufacturing giant.

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Between January and December 2018, Vietnam earned $244.72 billion from export of finished products from garments and shoes to smart phones, according to General Department of Vietnam Customs.
Nigeria, on the other hand, scratched only $3.3 billion in 2018 from more than 25 commodities from cocoa powder to cashew nuts.

The big difference in non-oil export earnings between the two countries exposes the failing state of industrial policies in Africa’s most populous country, as domestic challenges continue to hinder local production.

Today, giant phone makers such as Samsung, Intel and LG produce smartphones in Vietnam and export from there.
In 2018, the country fetched over $50 billion from export of phones and their components— the biggest turnover among export items— according to the country’s General Statistics Office. It has earned $27.3 billion from phones between January and July 2019.

The Southeast Asian country attracted Foreign Direct Investment of $16.74 billion between January and July 2019, according to the country’s Foreign Investment Agency. In the whole of 2018, Nigeria’s FDI was $2.2 billion, from $3.5 billion the previous year, according to the United Nations Conference on Trade and Development.

“The Nigerian economy is in dire need of private investments to move the economy forward,” Babatunde Ruwase, president, Lagos Chamber of Commerce and Industry (LCCI), said in Lagos on Wednesday.

“If economic recovery is to be sustained, there must be added drive for domestic and foreign direct investments, promotion of non-oil exports and continued efforts at improving the ease of doing business in Nigeria,” he said.
Key to Vietnam’s growth was market reforms, said Vo Tri Thanh, a Vietnamese economist.

The country worked on private business right, macroeconomic and social stability, while opening and integrating its economy into the regional and world economy, especially in the areas of trade and FDI.

Vietnam sees trade as the most important part of its manufacturing sector. In an article entitled ‘Vietnam’s manufacturing miracle: Lessons for developing countries’, three economists Sebastian Eckardt, Deepak Mishra, and Viet Tuan Dinh said Vietnam has numerous bilateral and multilateral free trade agreements, which dramatically cut tariffs, anchor difficult domestic reforms, and open up the economy to foreign investment.

Vietnam likewise reduced its cost of doing business for enterprises.

The World Bank said in its 2019 Doing Business report that the country made paying taxes less costly for companies by reducing the corporate income and value added tax rates while eliminating the surtax on income from the transfer of land use rights.

Taxes in Nigeria (state, federal and local governments) today are 54 and are increasing as states go increasingly cash-strapped, experts say.

As a serious country open to business, Vietnam made starting a business easier by publishing the notice of incorporation online and by reducing the cost of business registration. It equally made enforcing contracts easier by making judgments rendered at all levels in commercial cases available to the public online, the World Bank said.
It made exporting and importing easier by upgrading the automated cargo clearance system and extending the operating hours of the customs department.

Scanners at the Customs in Nigeria are barely working, with roads to Apapa and Tin Can ports in Lagos nightmares.
“Of particular concern and importance to us (MAN) are the challenges we face in moving our raw materials and goods to and from the ports,” Seleem Adegunwa, chairman, Manufacturers Association of Nigeria (MAN), Ogun State chapter, said at a recent CEOs business luncheon at Agbara, Ogun State, when referring to challenges faced by

Nigeria’s manufacturers at the ports.
Nigeria is yet to initiate reforms at all levels, with statist policies trumping market reforms. The country still pays over $1 billion on fuel subsidies and is yet to reform its outdated gas policies. Manufacturers self-generate over 13,000 megawatts of energy, according to MAN.

President Muhammadu Buhari has shut borders to halt smuggling of fuel and rice, but exporters can’t ship out their goods or import inputs through land borders.

Ede Dafinone, chairman, Manufacturers Association of Nigeria Export Group (MANEG), said the losses incurred by genuine exporters will further cut Nigeria’s non-oil export projections.

“I am sure the government would not be closing all banks because of the discovery of bank fraud and similarly should not close all land borders to catch those that are smuggling,” he reasoned.

The list of items barred from accessing foreign exchange is getting longer with essential industrial inputs being added from time to time by the central bank.

The Export Expansion Grant has been suspended since 2013, and industries can’t sell because 49 percent of the population is multi-dimensionally poor.

Nigeria and Vietnam have things in common. One is that half of the population in both is less than 35, which provides ready labour force for industries and firms. But unlike Nigeria, Vietnam has well-trained skilled labour who fit into its industrial dream. This began with reforming the education system, paying attention to sciences which are important for industrial growth.

Two, agriculture employs more than half of the population in both Nigeria and Vietnam. Rice is the most important crop in both countries.

Furthermore, both countries have comparative advantage in leather/shoes and have enormous raw materials in food and agro-allied sector.

But Vietnam strengthened access to credit by adopting a new civil code that broadens the scope of assets that can be used as collateral.

Most banks in Vietnam, including VietcapitalBank, NamABank and ABBank, lend at between 8 percent and 8.6 percent, but almost all Nigerian banks lend at above 20 percent, and even up to 30 percent.

Vietnam likewise increased the reliability of power supply by rolling out a Supervisory Control and Data Acquisition (SCADA) automatic energy management system for the monitoring of outages and the restoration of service. According to energypedia.info, 100 percent of Vietnamese have access to electricity.

However, things are different in Nigeria, with over half of Nigeria’s population without access to energy, and firms resorting to diesel or gas to fuel their generating sets.

“Vietnam invested in infrastructure, especially in the power sector and connectivity. To keep pace with rapidly growing container trade (which expanded at a staggering average annual rate of 12.4 percent between 2008 and 2016), Vietnam also developed its connective infrastructure, including seaports and marine terminals,” said economists Eckardt, Mishra and Dinh.

“Vietnam has leveraged its demographic dividend through effective investment in its people. In the latest 2015 OECD Programme for International Student Assessment (PISA)—which tests high school students in math, science, and other disciplines—Vietnam ranked 8th out of 72 participating countries, ahead of OECD countries such as Germany and Netherlands,” they added.



ODINAKA ANUDU
https://businessday.ng/exclusives/article/vietnams-245bn-non-oil-exports-expose-nigerias-failures/

Eartquake1:
They should keep their campaign to the South West

Vulcanheph:
One major problem we have in This country is the fact that the govt has made life so difficult that we now see suffering as normal.......i'm not telling them to come and Spoon Feed me but they should make the society Favorable enough For me and every Nigerian to run his or her legitimate Hustle.....Besides isn't it the job of the govt to make life Easy For it's citizens?

chinavs9ja:
And The masses are suffering


check my signature

DRPMJ:
Some people can read but lack understanding.

amaridigital:
The Igbo's have demonize their few detribalized and popular politicians like Senator Okoracha. Prior to 2015 general election, Okorocha could easily contest in any SW state and perform brilliantly. That was before his people called him all sort of names. Tell me which Igbo politician is popular in the SW today? If Igbo can speak with one voice, present a popular candudate, forget the Biafran agitation because it is obvious the SS would rather prefer a Niger Delta Republic of their own to Biafra. Yoruba people will ditch a Tinubu predidential bid anytime anyday for a credible Igbo candidate because the people are known for their sense of justice and fairness. The hate campaign among southerners must stop.

sparko1:
This is democracy not meritocracy!, and yeah religion and tribe must be put into consideration, democracy is the game of numbers, even if you say merit and competence be the prerequisite for choosing who the leader is, are you saying no competent person in the whole of a tribe or region!

Even if advance countries, tribe, colour, race or whatever you call it is still a determinate so yeah! there should be and agreement for rotation.

aolawale025:
Senator Sani is correct here.
Specifically the SE should rule

Litmus:
So-called “Spraying Money” is a Nigerian tradition that the world tried to sanction Nigerians from doing but failed and now many of them are copying. It is now a tradition, slowly becoming a part of international urban and popular culture and for which Nigerians should be proud. The lesson to draw from this is, hold on to your cultural practices, foods, music, dresses, ceremonies and so on. Be proud of them even in the face of foreign condemnations and attempted sanctions, eventually the world will copy you. Remember that the World attacks on African ways and culture are visages of industrial methods used to enslave Africa by the European powers.

themanderon:
This is wrong. Look at how they are treated like criminals. This is just a misdemeanor that can be handled with a fine and some form of community service running into months but they are just parading them like some hardened criminals.
The black race is so terribly messed up. Eating his fellow blacks up is what they do best. Savages.
We don't seem to know the difference between a felony and a misdemeanor.

Rexnegro:
must they be paraded for snapshot ?

uruba23:
The President is really trying o for all of us,we should really appreciate him,the Saudi family are worth over a Trillion doĺlars and the crown Prince Muhammad bin Salam is trying to ensure they ensure the Saud's becomes a global player.The President would be able to attract the right investment in to Nigeria, multibillion dollars investment. Thumbs up for the President.

kenzosky:
Its time to set up some private fire departments that charge for services everywhere in Nigeria. Because we can't rely on our failed leaders when there is fire on the mountain.

Osagyefo98:
I can't use the account of 2 year old child of banjo now a professor who doesn't know what actually happened as a parameter to real facts.

She is just been emotional.


But the great General Ojukwu has to do the right thing to restore sanity about to be eroded by Victor Banjo.


Without Ojukwu banjo would have died in prison and his chapter closed.


Banjo was a bad influence to his lineage same way Naira marley is currently constituting nuisance to cyber space.

#Ojukwu learnt his lesson never to trust someone from that side of divide.

Two persons he saved from prison are those who aligned with the enemies to hit him.


Very unfortunate.