Blackman101:
Note
1. family business is nobodies' business.
2. for any decision take for the best interest of the business is subjected to a 1001 interpretation
3. trust by sibling is a hard commodity in a family business

my advice to Mr. Kola Abiola

1.Mr. kole abiola should call a family meeting and hand-off all his father business
2. Let the family appoint anyone/ trustee/ people to run the family business
3. all late chief's children are old enough to make their own decisions
4. let him not allow the problems from his sibling will extend to his own children if care is not take.
5. He should build on his father's good will and connection to build his own business

Are you sure that a Nigerian heir will heed to the first advice to Kola? The number 2 advice makes sense in a sane country, it is actually a good way to do things. But sometimes in Nigeria we have a way of bending good things.

0m0luabi:
You mean 1 bag of cement in Chad is $240

Poorly research or sponsored article. The price is btw $8-10 per 50 kg

etrange:
These guys make unrealistic demands. The BBN project is someone’s business and they’re not going to halt their business because some faceless people want to protest. Let’s desist from making requests that would make us seem ignorant and thereby undermine the protest. TV shows have nothing to do with the protest.

After Buhari, I have been wary of any Nigeria or group calling for change or tryign to make a change. The group that put this statement out is giving me some red flags. I think it will be nice to see what objectives they want to achieve. For example ending bad governance is too broad, they first need intellectual backing to their demands and pick a few demands to fight for. There were anti government issues in 1964-1966, (political) 1981-1983(austerity) and 1993-1993 (june 12, fuel scarcity), what steps have the country taken after those issues. They need a better planned strategy to achieve their aims.

"The #EndBadGovernance protest, which will take place from August 1 to August 10, 2024, intends to solve the nation’s terrible hunger and high inflation."

How will they end it by protesting, what is their strategy to end it. If they are serious they shouyld allow everyone freedom to choose what they want to do, go to work, protest watch BBN and so on.

nairalanda1:


Simple, they can't for the most part pay minium wage.

It concerns the private sector if they have more than 25 employees. I think most non-educational can pay that amount. However, if they are struggling to pay, they can change their staff to part-time or seasonal because the law only concerns full time employees.

Jayhome24:


I was also laughing at their250k and 670k nonsense then.

Bro one thing in Nigeria is if some candidate fail to win election then everything must be crush regardless because if you see the way obidients took this matter without thinking about other sectors who are even struggling to pay the former 18k minimum wages then how can they pay 250k or 650k? And at the end sacking half of their staffs to cushion the cost thereby increased unemployment rate, crime soar to the sky, more hunger ad the funniest thing many of them families are going to suffers it but all they care is things must crumble regardless it will involves their family and friends evenn them.

Government, both state and federal should retrace it step and invest in the public sector, such as good public primary and secondary schools, transportation/roads and hospitals. They already have the structures just improve the standards. A lof of people pay 10% or higher of their total pay on school fees and some smaller % on health and transportation. If we can make schools and hospitals better and cheaper it will serve the populace. Right now everything seems haphazard and unorganized. they spend money on schools and hospitals but do not follow up on quality standards of service and quality improvement.

mohims:
It won't make any much difference considering the current rate of inflation in Nigeria. State Governors are the biggest problem. Most of them will not comply with the new minimum wage that will be announced

I do not know about the state governors because I believe minimum wage should be left with the states. However, if the government is serious, a real labor negotiation is not all about money, separate the unions and negoatiate with them individually. If the police want certain amount, you will give them deliverables, same for NAFDAC, SON and son. A lot of this agencies are weak and they need to be strengthened, it is not all about leadership, if workers have develiverables they have to deliver within the law let them deliver it and let them agree to a merit system that is of international standard. A police divisional unit should know how to investigate crimes and get results. Imagine, i know a scammer online, soliciting for fake business, I took the number and evidence to a DPO, he said, it has to be taken to some department elsewhere and that it will cost me. I left, the scammer may still be there scamming people. If institutions and workers are effective, we will feel it. Increase in wages is cool, but effectiveness will show results everyone can see.

CAPITALBEE:
Let's hope the new minimum wage is reflective of the current economic realities!

It should also be reflective on the ability of the government to pay the wage and also maintain law and order and infrastructures.

He is just relying on people's ignorance. These are people who will say corruption is the only problem in Nigeria, but will shout Tinubu is the problem in Nigeria just a month after he came into office. What is the problem then? First of all mobile telephone was quite expensive and was not the norm in the U.S. even up to 1998 what people used were landlines, the cost of the cables and network gear for this line were expensive. The issue was likely cost prohibition for the government. What he could have done was to elaborate the cost of providing telephone services for the nation durign the 1980s then you have to elaborate on the competence of NITEL to handle the network. If that is done you can now discuss what ITT delivered. Because his father said Abiola was corrupt does not provide evidence that it is why our telecommunications development took a while. My guess is the cost and us not being visionary then.

Bignuell:
Natural way of population control? Which kind talk be this. But then again, they want children like normal couple, so is it justifiable?

I think it is possible that nature is smarter tha humans. The pressure on natural resources of untamed population growth is already obvious. What we can think about is what is the weight of procreation in relation to recreation in sexual activities. If it tilts towards procreation, how can we have meaningful population growth rate for future generations without controlling out libido

dejavubobo1:
Asian companies are anti-welfare, corrupt, sub-standard and mediocre . They are typically suited to Nigerians and the government.
Regsrdless of how bad an economy is Asian companies go in and cart away huge profit.. your guess ?


The Europeans hardly cut-corners, they also don't tamper with starndards both in quality and labour welfare. If they do they know the implication can be severe. They are obviously not in the same Idle with the emilokan government.

Can Nigerian companies also create good standard products and not be anti welfare?

Onovo3:


It is the the industries/commercial activities of a city that makes a port viable. Rather it is the port that makes a city viable or commercial/industrial activities. This is what creates the commercial/industrial activities in Lagos.

Let me just say this, Lagos port was built to export cash crops. What you are saying just increases the risk profile of the investments. The colonial authorities built the port to export groundnuts and cocoa.For the former, a rail network was built for the port. They probably figured with export steady exports and imports the port should be viable, hence a medium risk investment. Just like the existing Warri port, oil and gas activity already exist in the area, to collect revenue instantly. You need to build a port and within two years be generating some sort of revenue, you can still build a port and wait for industries to germinate but it will delay the revenue generation for the investors nad increase the risk. Again, liek I said earlier be careful of basing your analysis on what you hear in Nigeria, we can be empty barrels. Hopefully they have engaged in tehir own market survey and see where revenues can be geenrated to offset the cost.

Ten06:
Why has the bogus salary being collected by political office holders and their hanger on not lead to mass sacking?
The executives
The National Assembly members
The judiciary
The state Governors

Why are these people salary not affecting the country?
The solution to this problem is to put everyone on minimum wage.

Partly because they are powerful and the executive accord them the respect. When they have bastardized the civil service by promoting people not based on merit, hiring family nad friends to come ad chop, what do you expect? They do not respect them. If we are serious, recruitment into the civil service should be based on rigourous hiring processes, staff performance, job assigments and decriptions should also be assidously monitored and constantly reviewed. If the police, customs, immigration and civil service are efficient, they deserve a good wage but rewarding inefficiency because of inflation ma not help the economy

Chidonsky:
I concur with government on this as most private company hardly pay 35k let alone 250k

It is because we work under a system that is disjointed. Minimum wage is not an emotional issue. It is also a legal issue, if you set minimum wage at 250k, that means an high school student will go work as a sales girl and has to be legally paid 250k. Because that is what minimum wage legally means. It is not a living wage for a family but the basic wage for like a non diploma holder with no kids, so if you pay a non diploma holder 250k, how much will you pay a diploma or PHd holder as a basic wage. Farm hands will be paid that also. Labour is just interested in their union members, which is fine but they should not use that to bring the economy down.

Onovo3:


In my view, this project if actually completed will compliment Lagos, by creating another industrial hub and modern city around Warri Environs. It will help in relieving congestion and job opportunities for our people. Beside in 2014 President Jonathan in 2014, went there to commission the Gas Revolutionary and Industrial Park. Warri, Port Harcourt and Uyo are in Strategic location that makes them appealing for massive industrial project, this is supported by the abundant amount of oil and gas in their environs.

I don't think anyone has to fear that the development of these areas would mean Lagos would collapse, rather they are suppose to work in synergy with Lagos. This is why the Coastal highway initiated by President Tinubu linking these cities is a welcome development,

You have to understand that you are discussing with people who are not open minded, hence the issue of Lagos this and that. The issue of Apapa and Tin can is largely a federal government issue, state do not directly get revenue from ports, it is Customs and FIRS and other federal bodies. Secondly, there is a port in Warri, which has a growing oil and gas activity. What is needed right now in that axis is infrastructural development which can be linked to the existing port or then a new port. People like to talk about industrial development, but it can work if there is an existing market around the port, an export oriented industrial project but if not, the infrastuture needs to be there including rail network.. The strength of the ports in Lagos has little to do with the state government but because Lagos is seen as a strategic market for industries to sell goods and also easy access to imported raw materials for those industries, developing a new commercial zone will need infrastuctural development.

Druss:
This makes no sense. Who designed the refinery?

I doubt it was designed to only produce foreign crude. My guess is that it was designed to produce light and heavy crude. It is different from other refineries because it can produce lubricating oils and asphalt.

crossfm:
Hehehe.

So says a white man that has never set his foot in Nigeria local market.

APC and her supporters can listen to anything that makes them happy and convince them that Nigeria economy is doing so great at the moment.

The news on the streets of Nigeria is different from what this guy want us to believe.

What we see in the street is hunger, lamentations, frustrations and desperation.

An ordinary Nigerian is not really interested in the English he is speaking, but after what he will eat.

Watch as people who told us," na statistics we go chop",will now believe in the statistics this man is presenting because it resonates with them now .

It is the situation because people are greedy. The policies can stimulate local production but greed has entered. You could but onsorted local rice for 38k in Kaduna in December 2023 what has changed between three months. People mopped up the produce to store in anticipation of hiking it.

nairalanda1:
The USA exports a lot of manufactured goods and servicies, and also sells a lot of agric produce, and a lot of minerals, oil inclusive. It is the world's largest oil producer.

Nigeria does not do the above, and has never done the above, even under the leadership of many of the leaders you guys regard as good.
Instead, we export oil, whose prices are so volatile, that it does not yield enough.

The thing is, seriously, check out all the countries with strong currencies. They all have high income from diversifed economies, engage in serious manufacturing and exporting the produce of the manufacturing, and also very crucially have a high tax income, and allow the free market to run things. They don't pay subsidies for everything, least of all the power sector.

Nigeria could have been there...if we removed subsides on power and petrol, enforced tax collection on everyone, diversified, yes, diversified our economy, and as someone has suggested here, allowed the free market to thrive, and fought corruption well.

The problem is, this government , and all your past governments (yes, Tinubu, and GEJ are very alike in many ways, cry about it), are all the same. They do not want to do the above, especially removing subsides, because it means a hard period of suffering that may last years. So, we rely on oil, and use oil money to pay for illusions, and when that runs out because of low oil prices, and corruption, we then turn to borrwing to pay (yes, Buhari did that, but so did all our past leaders, and even this current one )...to maintain the illusion. In the name of the poor.

Here is the thing. We are not ready to make the hard decisions. DIversify, improve tax collection, really fight corruption, and looting, and bloated government(tell me why do senators and house of reps need 160m cars for?), remove subsides on power (Ghana and Ivory coast have 24 hour power, because they privatised the sector, and let them charge a lot of money...power in Ivory coast costs 6 times that in Nigeria. I checked)...and on petroleum (and don't tell me about how other countries subsidse, because they charge high taxes or have diversifed economies . We don't. And we are not Saudi with 40 million people and 10 million bpd production), increase manufacturing, because we all want to be importer..and sell imported stuff...forgetting how it damaged local industry.


A country where over 80% of its income comes from oil and where the oil price is too volatile over the years, and where the population is too huge can never have a strong currency. We have never had a strong currency. It is just now that we are at our lowest point, thanks to bad economics, especially from APC since 2015 (for those who think I am stupid enough to defend APC or any government)....that nyash don open and we are seeing the real value of our currency.

(Yes, CFA is strong, but that is because the French pay for it to be strong).

I don't know how we are going to solve our problems. This current government is not it, and people want goodies, not sane economics.

You kind of hit the critical issues, but I disagree the government is all to be blame. A whole lot are to be blame including the lecturers, the media, the civil society organiztions who have misinformed and miseducated the people for so long and also Nigerians who have outsourced critical thinking to this organizations. I remember during Jonathan's government, the information, largely published by western authors and sources stated the issues you mentioned and how our economic structure was volatile. But the Jonathan people with Okonjo Iweala, who had just rebased the economy where shouting our is the strongest and largest in Africa.
For example your currency is fiat money and its exchange rage is backed by oil, you have reduced oil production and your importation apetite has gone up. What do we expect to happen to the currency. You can;t back it by foreign loans.
Other issues they will not address and the people whill not address
Worship of money, greed. They can blame corruption all they want but they will claim Abuja, the cesspit of corruption as the best city in Nigeria and kiss the ass of the corrupt politicians. Kidnapping and crime etc are less a result of the economic situation but more on greed, and how we worship money or those who have it. You have many young students who have never done hard work but into Yahoo Yahoo. It is not the economy but greed and worship of money.
lack of interest(in the south) in farming
lack of interest in population control
ethnic solidarity.

The picture all but says our products are crap and foreign products is what we really want.

BadMaster:
Anybody who still believes that there's some kind of respite on the way, I am sorry for you.

There can be respite if people adjust and decide to go into subsistence farming and also producing most of the things they consume.

Validated:
Relocating FAAN and some departments in CBN to Lagos is sheer senselessness. Tomorrow a president from the North will reverse the actions, so what is the sense in that?

Many families will be disrupted now and by 2031 or earlier another move will be orchastrated.

It is a little more complicaed, if people really want a united Nigeria they will seek peace and security. A hugh central office is not a big deal in a small country( land mass) if we have security and a good rail system. But when we do not have it, it is better to spread out the workforce. Those in admin or perfrom central functions can stay in a central office, those with regulatory and monitoring functions can be dispersed not just to Lagos but accross the country. However, I do think they have too many branches. Just locate branches near the major economic centers. Majority o the data collection, monitoring and regulatory functions should be exclusively done by the branches.

Manigie:
Way to go.... Get rid of all those that will sabotage your government and start a fresh....

At least now we know if you fail, then it's solely on your head

Maybe or maybe not, there have been a lot of leaks coming out since he assumed office, one is that he does not have money to run and he is trying to get as much funds as possible. He still does not have the trust of a lot of people not just the cabinet, he may just be trying to cover his tracks and leaks.

nototribalist:
As long as Aboki is still allowed to be buying and selling of dollars and other forex, Naira will keep struggling.

If CBN drop even $200 billion to the market in other to stabilize the market, these guys will mop up the money from the system.

CBN have used the carrot option and its not working, its time to use stick.

Setup a strong Mopol task force that will work with EFCC to arrest and shut down all bureau DE change shops nationwide. only banks should be allowed to buy and sell dollars.

And banks will be allowed to sell and buy Forex at our international airports so that foreigners can change their money as they are coming into the country.

If CBN is not ready to shut them down then they will continue to be the one who control the Forex market even if it gets to 1$ = N2,000


We are no longer in the 80s and 90s during the Military Era, these guys shouldnt be allowed to be in control of the value of dollar.

I think they can start with electronic monitoring of foreign exchange transactions. Ban the black market but still allow bureau the changes but used a reasonable fiat exchange rate maybe with evaluations every three months. But all bureau the changes should conduct transactions electronically. Customers should provide NIN number, or CAC registratio number, or BVn and then reason for the transaction and set a limit for the transaction. Then ban the black market. It can become a serious economic issue if a large number of people with money are able to control the fx market just for pure speculation and not for trade or travel related reasons.

infogeneral:
GRV could not even spell Bolaji correctly. He wrote Bolahji.
He is more fit for governor in Anambra than Lagos.

I think he is trying his best as a human being. But he may be wrong on Bolaji, it could have been Babatunde not Bolaji

Saao:
he was investigated several times but wasn't detected but we are talking of detected crimes and convicted narcotics crime as well as identity Fraud detected. Anyway time will tell

Are you aware that william Jefferson, a US congressman went to jail partly because of Atiku? I am not talking about politics like he said, I am talking about crime in Nigeria and how many have been rewarded as a result of it. What he could have done it to admit the problem, if he is serious, in atruthful way and profer a solution.

Saao:
Whether u like it or not, that's what it is. The best thing to do is to legalize crime

I think we should have a change of heart from crime. I seriously doubt the top three never benefited from crime or their wealth is detached from the rewards of crime. He is not the best to talk about crime. He can talk about it if he gives away his weatlh to fight crime and educate citizens about good behviours.

His rise to wealth cannot be detached from the rewards of crime or can it?

Mynd44:
Atiku wants a single 6-year term to be returned amongst the 6 geopolitical zones.

Says the same person that refused to step down to allow his party present a candidate from the south

Worse is that said 6 geopolitical are not even recognized by the law. That were just created for political expediencies.

You cannot pass a law saying it is the turn of the NE to present a candidate as it is a violation of the rights of other zones.

Atiku knows this is a waste of time

I agree with you that the six zones are not recogized in the constitution. It was proposed during the Abacha conference but not in the 1999 constitution. Apart from that the rotation amy work if we have a form of confederation like in Switzerland or at least a federal system with the central less comand of the economy.

raskymonojendor:

During Abacha's era, Nairaland won't even exist.for you to create this post of yours let alone criticize the military government in power.

I wrote here before that Nigeria likely went through a great recession during the Abacha period, but when you have NIgerian civil servants and military in charge they can doctor statistics. Abacha and a lot of previous leaders survived on oil exports to control the economy and not on good policies or leadership. But something inside of me thinks the core issue is not the leadership. Imagine a country full of children, whether it is military(more control at the top) or political(more freedom at the bottom), the father(leadership) will ultimately feel the state is its property and the people waiting for their leaders to give them direction. Nigerians needs to provide directions and ultimately taxes to the leaders and not the other way around especially in handouts from the ND. It is hard to provide direction when we are ruled by emotions , lack of trust and always needing to be trained.

Deepthoughts:
Get me right, I'm not talking of electronic transmission, I'm talking in a general note,if the IREV has no bearing with the final tally of elections results, there's no point displaying it to the public,rather it should be an in house thing for INEC simple,if I may ask you,since the IREV has no bearing on the final elections results, of what purpose is it to the public?

I suspect, they are using a staggered strategy towads transmission. From one of their reports ", IReV has
enabled the Commission to test three
things that are germane to electronic
transmission of results.
First, it has been used to test the efficacy
of electronic results management,
should the legal encumbrance be
lifted. This system has been deployed
in several major off-season/endof-tenure and bye-elections. These
include the Edo and Ondo State
Governorship elections, six Senatorial
and three Federal Constituency byeelections, 15 State constituencies and
one Councillorship Constituency in the
FCT. From the result obtained from these
elections, the Commission is convinced
that electronic result management will
add great value to the transparency
and credibility of elections in Nigeria.
Secondly, the Commission used the
IReV portal to test the security of
our systems if they are deployed for
electronic transmission of results. Again,
our systems have passed the entire
necessary security tests, including
“dummy hacking” by ethical hackers.
Thirdly, the Commission has used the
IReV online publishing of Polling Unit
results to test the capacity of the
national infrastructure to support
future electronic transmission of results.
Results were transferred in real-time
from all parts of the country covering
different types of elections"

Deepthoughts:
please don't try to justify rubbish,what is even collation by the way? isn't it basically adding up figures?,if INEC is truthful, results ought to be uploaded on to the IREV quickly n the final tally should be almost same with what's on the portal,but because the original intention is to deceive the public, INEC created the IREV only to be uploading doctored results weeks after elections and tells the public the IREV is only for viewing n not collation,only senseless persons would believe that crap.

Forget what you read online. I am reading from INEC documents from 2021 to 2022. They have never publicly admitted programming the IREV for transmission of results. By their definition of electronic transmission, collating and transmitting polling units, wards, lga, and state results and assigning winner. What they claim it is to upload images of polling units results. They can design or programm it for electronic transmission but I am Nigerian, I doubt that IREV can actually do that right now.

onuman:


Irev until a later date? Until Tinubu finishes 8 years and until his VP Shettima finishes another 8 years.
The market which APC is buying for Nigerian non Muslims will consume APC and its supporters.

The thing is indirectly INEC is claiming that their system is working. It is just that it is in a beta test stage. If you look at the core of Obi's and Atiku's case it is about other things like certificate, FCT other than electoral manipulation. Even Obi's case on transmission is not disputing differences in manual and IREV polling sheets. To INEC, the less dispute you have about under voting or voter suppression and more on certificate and technicalities they are progressing. I actually think that election was a Yakubu/Buhari election, Tinubu may likely choose his own person but they will continue with the electronic system until it maybe live transmission but when INEC is ready(going by the electoral act).