Investment › Re: Equity Investment. by vanvickie(m): 3:33pm On Oct 26 |
Good day investors... I am actually looking to invest in a separate MMF at this time for a specific goal.
Please can someone assist shed more light on the following.. How can I open an account with coronation mmf, trust banc and STL. Do I need to download any application? (I already have first ally, but looking to diversify)
2. In terms of ease of opening account, customer service, ease of doing business with them, withdrawal and deposit turn around time and general efficiency... How would you arrange the three or based on the one(s) you are using.. How will you rate them?
Your response will be highly appreciated. |
Investment › Re: Mutual Funds by vanvickie(m): 2:30pm On Oct 26 |
harrykewell: good afternoon sir, I am a banker and I can tell you confidently that i can gjve you rate better than all the listed financial institution. We can meet in my company's head office or we chat and do everything online. Thank you sir Thank you for your response. While I appreciate your efforts, I will take this under advisement. I am actually looking to invest in a separate MMF at this time for a specific goal. Please can someone assist shed more light on the following.. How can I open an account with coronation mmf, trust banc and STL. Do I need to download any application? (I already have first ally, but looking to diversify) 2. In terms of ease of opening account, customer service, ease of doing business with them, withdrawal and deposit turn around time and general efficiency... How would you arrange the three or based on the one(s) you are using.. How will you rate them? Your response will be highly appreciated. |
Investment › Re: Mutual Funds by vanvickie(m): 2:54pm On Oct 24 |
Hi everyone... Please I have 2 questions...
1. How can I open an account with coronation mmf, trust banc and STL. Do I need to download any application? (I already have first ally, but looking to diversify)
2. In terms of ease of opening account, customer service, ease of doing business with them, withdrawal and deposit turn around time and general efficiency... How would you arrange the three or based on the one(s) you are using.. How will you rate them?
Your response will be highly appreciated. |
Family › Re: Because I'm earning Well, Must I Give Everyone My Money? by vanvickie(m): 3:58pm On Oct 21 |
itzadorable333: Family is first and last. However a family that does not appreciate you when you don't have won't appreciate you when you have. And a family that appreciates you when you don't have, will also appreciate you when you have. Understanding and Loyalty are not bought with money. A family that respects, understands and is loyal to you does so whether you are poor or rich. What you owe your family is loyalty and duty. Loyalty is always within your power so it should not lack. Duty, on the other hand, is not always within your power because duty requires means to fulfill it. And the financial/economic means has a huge share in the ratio of means. And this is not always in your power. Now you, in fulfilling your duty, are the best person to know how huge or how small your means are for you alone are earning it. And You alone know the size of your obligation, in the family duty quota. You alone know, how many other plans you have for yourself and for your family ( if at all). In fact you alone are wearing the shoe. If your shoe size is 48 and what you have is 45, if you decide to manage the 45 and endure the pain because you are currently preparing to acquire 48 or 50 in the future. It's all good, all your toes and your heels have to do are to acclimatize to the condition, they don't have to understand your choice or decision. And if you decide to acquire the 48 now by any means maybe due to the volume of complaints (pain) coming from your feet region. It's still all good, so far you get the means and it all ends well in the end for you, the new shoe and your feet. Simply put, you hold the yam and the knife. You decide how it's cut, for the greater good (i.e both your personal good & the general good- in your case, family). Wisdom... This is wisdom |
Family › Re: Is This True About The Demands On Both Men And Women? Photo by vanvickie(m): 3:13pm On Oct 21 |
UP TO 90% OF A WOMAN'S ROLE IN THE FAMILY CAN BE OUTSOURCED...
WITH ABOUT 100K, I CAN GET A PROFESSIONAL DOMESTIC STAFF THAT WILL TAKE CARE OF ALL THE THINGS MOST WOMEN NAG ABT.
NOW GUESS WHAT CANNOT BE OUTSOURCED... YES.. THATS RIGHT! IT'S PROVISION. |
Family › Re: Men Who Provide Everything Should Not Share Chores by vanvickie(m): 6:25am On Oct 06 |
budaatum: Don't you think her father too could have paid 100k to get house chores done for her? And if he did, how do you expect her to have learnt to do house chores in your house. And why are you claiming your wife is complaining about house chores that you pay someone 100k to do for you? Is it because she hasn't got a job of her own? If so, why are you not employing her with the 100k so she could do the house chores you pay someone else to do for you?
Dude, your story just does not add up, and sounds like you just want to vent about something. I just want to believe you have chosen to deliberately misquote me. First off..I am not talking about my wife..let's be clear about that. Now about what you said... Some people had domestic staff while growing up, that hasn't stopped them from knowing how to do domestic chores...that you have a domestic staff shouldn't stop you from teaching and telling your kids to do those same chores from time to time. Some parents still mandate their kids to clean up their rooms, wash their own plates, do light laundries etc. So get that. To the next one...like I stated earlier..I am not talking about my wife, dunno where you got your narrative from. However, why will a man be paying his wife money to do house chores, same house she is living in, same food she eats, same laundry her clothes are part of?its preposterous! Now, let me ask you, imagine a man that isn't working, asking his wife to pay him to do child care, for your own kids? How? Make it make sense.. Hope you know if she is paid salary, she will be treated like an employee? A woman that is not working and the man is bearing all the financial burden, should gladly take up doing the chores...that's the least she can do. Like I said..even if someone accommodates, feeds and clothes you for free....u need to make urself useful around the house...even kids do some chores or go on errands... Nuff said.. If u still don't understand ,then comprehension is the main challenge. |
Family › Re: Men Who Provide Everything Should Not Share Chores by vanvickie(m): 7:37am On Oct 03 |
emmy4uNME: In as much as I agree partially to this but it will also interest you to know that house chores are not really your wife's job. The house is your and not hers so all in it assets and liability is yours. Now, it's alot to handle all the bills and still be expected to return home to do house chores but for the sake of keeping the peace, love and connection in your marriage, you have to find a way to get to do something sir else you will regret later in future when the disconnection grows. You may not do everything but when you are around and less stressed, probably on weekends or less stressful days engage with something to do with your wife and the kids. Just make your presence known and not just your money.[color=#990000][/color] Also, doing house chores is much and no woman was made for such level of "work" so if you really love your wife you can take some stress off her by allowing her get a help instead of been continually stressed out. Do U know what it takes in present day Nigeria for only 1 person to be working... Or in Europe and the west for only 1 partner to be working? U think to make so much money to sustain the home, he isn't picking extra shifts and overtime, overworking himself, etc... and the little time he has to rest... A daughter of eve expects him to still pick up some chores? How ABT she also pick up some bills... If U R a man and U toe this part.. U will likely kapi yound due to overstress. |
Family › Re: Men Who Provide Everything Should Not Share Chores by vanvickie(m): 7:34am On Oct 03 |
budaatum: You must think your money is more important to your children than the love and care and attention and nurture that your children need and that you've left to their mother. Thankfully, a smart woman would not do those chores alone but would involve her children, and by doing the chores with them build a lifelong rewarding relationship that might exclude you the husband.
Do know that house chores are not only cooking and cleaning, but also include doing homework with your children, which most wives would appreciate more than you sweeping the living room.
But I have the feeling you are not there yet. Get married and have children and come tell us how you put your feet up after work while your wife slaves in your house.
Oh! And do not that I mentioned a woman who does provide everything needed in the house while her husband reasons like you do. He is currently lamenting not having a cordial relationship with his 3 children. Don't have the feeling pls, I'm married with kids. Like I said, and like you carefully and deliberately omitted 100k will get house chores done for you. That way,Ur wife don't have to 'slave' to sweep the house where she also lives and also considering that while she was sweeping in her father's house,she didn't see it as her father enslaving her. Also, doing your kids home work ain't a house chores please. Is like saying taking your kids to school is a house chore. Funny how once a woman is married,things she did in her father's house without complaining suddenly become enslavement (women with or without kids). If you are still wasting valuable time doing all house chores instead of outsourcing them, then it's lack of funds that is your issue not enslavement. You think people that have WELL STRUCTURED AND PAID DOMESTIC STAFF just dunno what they want to use their funds for? Even CEOs have to employ people to easy the burden for them. So if a woman isn't bringing anything home, she should do the chores! A husband that is working day and night isn't SLAVING, BUT A WOMAN SWEEPING THE HOUSE THAT A MAN IS PAYING RENT ON IS SLAVING (EVEN IF U R LIVING IN SOMEONE'S HOUSE RENT FREE,SENSE DEMANDS U PICK UP CHORES)... EMOTION GENDER AND THEIR THINKING... LOOKING FOR A MAN TO KPAI WITH OVERSTRESS. |
Family › Re: Men Who Provide Everything Should Not Share Chores by vanvickie(m): 5:36pm On Oct 02 |
budaatum: I bet you shouldn't engage in the chore of helping your own children with homework or engaging with them at all since you already provide what you think is more important. And the Gods must help you if you lose your source of income and she finds a way to be the one "completely responsible for every penny spent in the home".
Incidentally, I know a family like you describe, except it's the wife who is "completely responsible for every penny spent in the home" because the company they met in wouldn't hire married couples and suggested he, a lawyer, better be the one to resign since the ongoing restructure required accountants, his wife.
He hasn't worked since they married 15 years ago, and still does no chores and doesn't even engage with his children, thinking like you do that "it is dumb for the man to share house chores with the wife". Unfortunately for him, he's also finding it difficult to share in the love his children have for their hard working caring mother. Rest madam. Why isn't the woman also providing money which runs the home, or will the kids feed and live on love alone? U'll be so naive to underestimate money that takes care of up to 80% of all life issues. Women talk about house chores as if it's a mountain of load .. hope you know in Nigeria, 100k can get you a domestic staff that can take care of almost all the things woman do at home. |
Politics › Re: FG Working To Announce New Minimum Wage – Shoretire by vanvickie(m): 4:14pm On Sep 24 |
AntiChristian: Make them give 100 - 120k!
Petrol price is market controlled. Nobody can reduce it to N500 per L.
🌍 CHEAPEST FUEL PRICES IN AFRICA — As of Mar 16, 2026.
(USD per litre)
Top 12 1 🇱🇾Libya — $0.023 (₦37) 2 🇦🇴Angola — $0.327 (₦523) 3 🇩🇿Algeria — $0.356 (₦570) 4 🇪🇬Egypt — $0.459 (₦734) 5 🇸🇩Sudan — $0.700 (₦1,120) 6 🇪🇹Ethiopia — $0.842 (₦1,347) 7 🇹🇳Tunisia — $0.861 (₦1,378) 8 🇳🇪Niger — $0.875 (₦1,400) 9 🇳🇬Nigeria — $0.882 (₦1,411) 10 🇱🇷Liberia — $0.910 (₦1,456) 11 🇬🇦Gabon — $1.047 (₦1,675) 12 🇹🇿Tanzania — $1.098 (₦1,757)
📌Even after subsidy removal, Nigeria still ranks among Africa’s cheaper fuel markets, but it now sits mid-table, not at the top anymore.
#Statisense (Global petrol prices) Can you also juxtapose Nigeria's minimum wage with that of the countries listed? |
Business › Re: €1 Bread In UK Sold For ₦48,000 In Nigeria by vanvickie(m): 5:49pm On Aug 18 |
The bread is sweet sha. I like it. It taste like cake. I usually buy like 5 once in 2weeks |
Romance › Re: Why Men Should Respect Their Faithful Beautiful Girlfreinds by vanvickie(m): 3:00am On Aug 08 |
Ideyontop: Pls stop! Your comment is wrong and misleading.
First you cannot compare yourself ( if you are a man) to a woman in terms of vulnerability to being " chased".
That being said, it's a non negotiable responsibility to be faithful in a relationship and also It's a very not out of place to expect a reward for being faithful. Infact she is entitled to it, and if you are a wise man and understand your partner is faithful, you ought to celebrate her. For ladies especially, being faithful takes a very conscious effort to resist some evil men that are out there to defile ladies. Infact some even consciously go after married women because they have no souls left in them.
First God will bless her for being faithful and if she happens to be with a man that values the precious person that she is, then that is great. A faithful woman is like a precious jewel.
You cannot compare a woman that is faithful who is like diamond and an unfaithful one that is like an ordinary pebble? Oga, NOBODY IS DOING ANY1 A FAVOR BY BEING FAITHFUL. KNOW THIS AND KNOW PEACE! IF BECAUSE U R GETTING THE ATTENTION OF 10 MEN EVERYDAY, U DECIDE TO CHEAT, NA UR OWN BODY GO TELL U AND IF UR MAN FIND OUT.. HE'LL DISCARD U WHILE THOSE OTHER MEN WILL ALSO DISCARD U WHEN THEY R THROUGH WT U. UR EYE GO REALLY BLURRRR |
Investment › Re: Equity Investment. by vanvickie(m): 2:49am On Jul 25 |
Good morning fellow investors. Please I need your input on this...
I'm based in diaspora, however, I've been investing on tbills and stanbic mmf.
Recently I noticed that the rates of stanbic mmf is kinda low, hence I want to move my funds to another mmf that has a higher yield, from what I've read in this page I can see that FIRST ALLY, TRUSTBLANC AND STL seem to be good. However, I'll like to confirm which of them will be suitable for sm1 in diaspora in terms of customer service (like response/replies to emails, calls etc), easy of withdrawal, ease of app usage, etc.
Secondly, how do I get a CSCS account as I am planning to invest in Dangote IPO (is the hype really worth investing in it) and probably diversify my portfolio.
Lastly, let's say hypothetically, I have 100m. How would you advise I share the funds if I am investing in Tbills, MMF, Bonds, Dangote IPO. Or if u had that amount what percentage will you use to invest in the aforementioned.
While I have some knowledge about all these from my little experience and online research, I'll love to hear from real life investors who are already in the game and those with vast experience.
Thank you |
Investment › Re: Mutual Funds by vanvickie(m): 2:46am On Jul 25 |
Good morning fellow investors. Please I need your input on this...
I'm based in diaspora, however, I've been investing on tbills and stanbic mmf.
Recently I noticed that the rates of stanbic mmf is kinda low, hence I want to move my funds to another mmf that has a higher yield, from what I've read in this page I can see that FIRST ALLY, TRUSTBLANC AND STL seem to be good. However, I'll like to confirm which of them will be suitable for sm1 in diaspora in terms of customer service (like response/replies to emails, calls etc), easy of withdrawal, ease of app usage, etc.
Secondly, how do I get a CSCS account as I am planning to invest in Dangote IPO (is the hype really worth investing in it) and probably diversify my portfolio.
Lastly, let's say hypothetically, I have 100m. How would you advise I share the funds if I am investing in Tbills, MMF, Bonds, Dangote IPO. Or if u had that amount what percentage will you use to invest in the aforementioned.
While I have some knowledge about all these from my little experience and online research, I'll love to hear from real life investors who are already in the game and those with vast experience.
Thank you. |
Travel › Re: General UK Visa Enquiries - Part 5 by vanvickie(m): 7:31pm On Jul 12 |
Hi, please I need help with this.
My wife and I are currently on psw, we have a 2yr old child who was born in the UK while on our PSW and we did a dependant visa for her. Now we are about to switch to a new visa and I was wondering...
1. Is it compulsory to do another dependant visa for her or she can remain legally in the UK without a visa since she was born her and we have no plans on traveling out of uk with her...
2. Not putting her on any visa after the psw expires, will it have any impact on her legal stay in uk and will it affect her if we decide to apply ro her ILR after 7yrs or citizenship after 10yrs, or will it affect her enrollment into school. (I already know about the NHS out of pocket payment)
3. If at any point I need to apply for a visa for her, will her full uk birth certificate suffice or I need to get her a Nigerian passport (which involves registration on NPC, then NIN biometrics, then registration on Nigerian immigration Service website I listed the steps to know if it's the correct sequence).
I have tried checking online and have made enquiries but keep getting contradicting answers as regards the visa.
Please someone should kindly assist clarify. Thanks |
Travel › Re: Living In The Uk-life Of An Immigrant (part 3) by vanvickie(m): 7:29pm On Jul 12 |
Hi, please I need help with this.
My wife and I are currently on psw, we have a 2yr old child who was born in the UK while on our PSW and we did a dependant visa for her. Now we are about to switch to a new visa and I was wondering...
1. Is it compulsory to do another dependant visa for her or she can remain legally in the UK without a visa since she was born her and we have no plans on traveling out of uk with her...
2. Not putting her on any visa after the psw expires, will it have any impact on her legal stay in uk and will it affect her if we decide to apply ro her ILR after 7yrs or citizenship after 10yrs, or will it affect her enrollment into school. (I already know about the NHS out of pocket payment)
3. If at any point I need to apply for a visa for her, will her full uk birth certificate suffice or I need to get her a Nigerian passport (which involves registration on NPC, then NIN biometrics, then registration on Nigerian immigration Service website I listed the steps to know if it's the correct sequence).
I have tried checking online and have made enquiries but keep getting contradicting answers as regards the visa.
Please someone should kindly assist clarify. Thanks |
Politics › Re: 2027: Obi Asks INEC To Publish Candidates’ Certificates by vanvickie(m): 2:20am On Jul 01 |
RealityKings1: A certificate is a private property  Private property, when you want to use it for contesting a public office? If you are such a private person, then don't seek for any elective position. |
Pets › Re: What Dog Breed Is This? (pictures) by vanvickie(m): 7:28pm On Jun 27 |
VeryWickedMan: The white cute one over there is a Lhasa Apso. But you see this one in front wagging his tail and trying to form posh is a confam Ekuke shithound.
He cannot deceive me. I know them like the back of my palm. He's a traitor and can sell you out for peanuts anytime.
Thank you. 😂😂😂😂😂😂😂😂😂 |
Family › Re: "If You Can't Submit To A Husband, Don't Marry"---Pastor Damina Tells Feminists by vanvickie(m): 6:54pm On Jun 27 |
budaatum: Actually, he means don't marry him. And of course I wouldn't.
Thankfully he's not the only man out there, and not all men need their wife to submit to them.
Besides, I bet his children do not submit to him, but he wants to make a slave of someone else's daughter! Maybe when you tell ur parents and other ladies parents to stop collecting bride price and giving long marriage list to suitors... Then these men can stop thinking they 'bought' the woman. We can't claim woke and still pay bride price dats not paid in the west/woke reference nations innit? |
Family › Re: "If You Can't Submit To A Husband, Don't Marry"---Pastor Damina Tells Feminists by vanvickie(m): 6:53pm On Jun 27 |
bukatyne: Women are not obsessed with control, men are. Maybe when you tell ur parents and other ladies parents to stop collecting bride price and giving long marriage list to suitors... Then these men can stop thinking they 'bought' the woman. We can't claim woke and still pay bride price dats not paid in the west/woke reference nations innit? |
Family › Re: "If You Can't Submit To A Husband, Don't Marry"---Pastor Damina Tells Feminists by vanvickie(m): 6:53pm On Jun 27 |
Northernblood8: Women should know that the best way to actually control a man is to be humble to him. Maybe when you tell ur parents and other ladies parents to stop collecting bride price and giving long marriage list to suitors... Then these men can stop thinking they 'bought' the woman. We can't claim woke and still pay bride price dats not paid in the west/woke reference nations innit? |
Family › Re: Let Marriage Registry Also Be Divorce Registry! by vanvickie(m): 6:46pm On Jun 27 |
Dtruthspeaker: Separation and Dissolution of marriage aka divorce is different and should be different from determination of the rights and liabilities of the parties arising from the effects of marriage. That is the part that should go to court like every other matter.
But divorce as presently constituted that is registry marriage (marriage under the Act) is evil to a spouse who needs to run away from a marriage they no longer want. Imagine that oga and the wife in this case up here have to wait 2yrs before they can initiate divorce proceedings. The law did not even provide for an exception eg that if they both consent to it. They just have to suffer for 2yrs in this mess which we know that GBV will take place, marital rape and a whole lot of evils.
Exiting a marriage should be free and easy as it might be life saving. I don't think the law is absolute. I think there are exceptions, like evidence of threat to life DV, serious neglect and abuse etc. Also, nobody said they must live under the same roof for the two years innit? One person can move out. |
Romance › Re: You'll Find Love Without Money. But Only When You're A Boy by vanvickie(m): 6:26pm On Jun 27 |
AccidentedCars: People confuse this with "women are materialistic."
No.
I'm telling you that YOU as a man won't be able to function in a relationship the way you want to without baseline financial capacity.
It's not about her demands. It's about YOUR standard.
I couldn't watch my partner prepare for the most important interview of her year while stressing about how she'd get there, where she'd sleep, and whether she'd look presentable. That wasn't possible for me. My brain doesn't work that way.
So the bus ticket, the hotel room, the blouse – those weren't gifts to her.
They were the minimum I could offer someone I claimed to love in a moment that mattered.
If you can't afford that minimum, the relationship doesn't die because she leaves. It dies because YOU start resenting yourself.
And that resentment eats everything. U shld have booked a flight.. It's more convenient. |
Romance › Re: You'll Find Love Without Money. But Only When You're A Boy by vanvickie(m): 6:25pm On Jun 27 |
AccidentedCars: You will find love without money, but only when you're a boy. When you become a man, that grace is taken from you.
There's a level of affection you will NEVER experience, even from good women, if you can't afford a basic, livable income.
I am not even referring to sending money in its monetary form. I mean just the things that make life easier to go through.
My partner had a job interview in another city last year. Not a local thing – a real opportunity, the kind that could shift her career.
The interview was at 9 AM on a Monday.
She told me about it on Thursday evening.
By Friday morning, I had booked her a bus ticket for Sunday, reserved a decent hotel room near the venue so she wouldn't be scrambling on Monday morning, and sent her money for a new blouse because the one she planned to wear had a pulled thread she hadn't noticed.
She did her prep on Saturday. I sat on a video call with her for nearly 3 hours while she practiced her answers. Not because she asked – because I knew she was nervous and wouldn't say it.
Sunday evening she got to the city. She called me from the hotel room.
"Babe, it's clean. There's hot water. I feel like a human being."
That sentence hit me differently.
"I feel like a human being."
The bus ticket, the hotel, the blouse – maybe ₦85,000 total. Not a fortune. But it was the difference between her showing up stressed, underprepared, and exhausted from an overnight bus… and showing up rested, sharp, and confident.
She got the role.
This isn't a one-off. This is just what being present looks like when you can afford to be.
I keep a stocked kitchen whenever she's around. Not fancy things – eggs, bread, rice, the basics. But ALWAYS stocked. Because "there's nothing at home" is a sentence I don't allow in my house.
I handle data and subscriptions without being asked. Netflix, the Wi-Fi router, her Spotify. Small things. Maybe ₦15,000 a month combined. But she never has to think about them. That's the point.
I can't stand the heat. I physically cannot function when it's 35 degrees inside. So if I can't take it, how can I let her sit in it? That's fuel money. Every single day when there's no grid power. 5 to 7 litres. Daily. Especially when she's staying over.
We don't do "let's manage." We don't trek to places. It's always a cab or a keke at minimum.
That's not luxury. That's what I consider basic.
Add it up over a year:
Fuel for the generator. Transport every weekend. Groceries restocked every week. Subscriptions renewed every month. Random needs – a drug she needs at midnight, airtime when her line runs out during something important, data when she's on deadline.
That sums up to well over 2 million naira each year. And I'm not talking about MONEY sent as money. I am just referring to basic convenience.
The things that make a woman feel like she's with someone who has capacity. Not wealth. CAPACITY.
Your best bet as a young man is waiting until you're certain that love is ALREADY present before following through with generosity.
So yes, you can find love without money.
But there's a level of love you cannot preserve without financial stability, not because your partner is a bad girl, but simply because this is the fucking planet, and the nuances that make life beautiful, or at least livable, are expensive.
In summary, you'll find love without money as I did all through the years when I was a boy.
That grace is removed when you become a man. U said ur partner? Is she your wife or just a gf? If u r doing all these coz u love the 'lil comfort' that comes with it, it's fine, but if u r doing it coz of her? Then I'm wondering if she's not working to afford her basic needs like subscription, transportation to a job interview, airtime, etc. While u need little funds here and there to make a relationship enjoyable, also make sure she can afford the basics for herself. |
Properties › Re: Super 6 Bedroom Duplex With Basement by vanvickie(m): 5:52pm On Jun 27 |
Hi, how do I get this plan and how much is the estimated cost of this building in Abuja on 2plots |
Business › Re: Nigeria Has Surpassed Its OPEC Oil Production Quota by vanvickie(m): 1:14pm On Jun 23 |
KennethOkonkwo: Let's set politics aside and discuss the real economic issues.
When people ask, "Where is the money saved from fuel subsidy removal?" I hope that question is not directed solely at President Tinubu or the Federal Government.
First, it is important to understand that Nigeria still runs a significant budget deficit even after removing fuel subsidies. The savings from subsidy removal alone are nowhere near enough to eliminate the deficit. In other words, removing fuel subsidies does not automatically end government borrowing.
What subsidy removal does is increase the amount of money available in the Federation Account Allocation Committee (FAAC). However, FAAC funds do not belong exclusively to President Tinubu or the Federal Government. Constitutionally, those funds are shared among the Federal Government, state governments, and local governments. The President cannot spend FAAC allocations at will, nor can he dictate how state governors or local government chairmen use their respective shares.
Therefore, if the question is, "What is the subsidy savings being used for?" that question should not be directed only at the Federal Government. It should also be asked of your state governor and your local government chairman, since they receive constitutionally allocated shares of the increased FAAC revenue.
Secondly, even the Federal Government's share of the additional FAAC revenue is insufficient to cover Nigeria's annual budget deficit, which remains substantial. As a result, the country still has to borrow. The difference now is that, in principle, borrowing is no longer primarily intended to finance fuel subsidies or recurrent obligations such as salaries, but rather to support capital and infrastructure projects.
This shift in fiscal policy has contributed to improvements in Nigeria's sovereign credit outlook. Rating agencies such as S&P Global Ratings and Fitch Ratings have upgraded Nigeria's outlook in recent times, partly because of reforms including fuel subsidy removal and exchange-rate liberalization.
Finally, Nigerians should not expect these reforms to produce an immediate and drastic reduction in the prices of goods and services. The more realistic expectation is that they will help stabilize inflation over time, restore macroeconomic stability, and gradually improve purchasing power as the economy adjusts. Economic reforms typically take time before their full benefits are reflected in the cost of living. After all these long write up... U don't think that the effect of subsidy removal should reflect on both the macro and micro economics of Nigeria after 3years? U don't think the dividends I'd supposed to be felt by the common man on the street? Yes, the president does not have full power over the governors and LGA chairman constitutionally, the only power he has over them is to make them defect from their parties to APC so he can win elections.... REST GUY... REST |
Politics › Re: Gbadebo Rhodes-Vivour & Tokunbo Wahab Clash Over Lagos Waste Disposal by vanvickie(m): 7:01pm On Jun 21 |
Shut up and fix the problem . While flood is natural, if it is caused by blocked drainage system and government inability to properly manage waste disposal... Then the commissioner has failed in his job, he should resign. Even if Lagos produces 20k tonnes daily, since the govt knows, they should put up modalities to tackle it and no complain about the number of tonnes... Complains don't fix issues.... MAKE THEM SHOE WORKINGS .. NO BE CHO CHO CHO. Always telling us the amount of tonnes produced, WILL NOT SOLVE THE PROBLEM... FIX IT |
Politics › Re: Gbadebo Rhodes-Vivour & Tokunbo Wahab Clash Over Lagos Waste Disposal by vanvickie(m): 7:01pm On Jun 21 |
Shut up and fix the problem . While flood is natural, if it is caused by blocked drainage system and government inability to properly manage waste disposal... Then the commissioner has failed in his job, he should resign. Even if Lagos produces 20k tonnes daily, since the govt knows, they should put up modalities to tackle it and no complain about the number of tonnes... Complains don't fix issues.... MAKE THEM SHOW WORKINGS .. NO BE CHO CHO CHO. Always telling us the amount of tonnes produced, WILL NOT SOLVE THE PROBLEM... FIX IT |
Politics › Re: Gbadebo Rhodes-Vivour & Tokunbo Wahab Clash Over Lagos Waste Disposal by vanvickie(m): 6:58pm On Jun 21 |
helinues: Gbadebo na indeed a Groove.
Flood is something natural which is caused by heavy rain
And as for the refuge blockage, that's caused by the citizens who chose to be dumping their refuse inside gutter
At least the LASG are taken measures in preventing such case which Grooves as an opposition is not interested in appreciating Shut up. While flood is natural, if it is caused by blocked drainage system and government inability to properly manage waste disposal... Then the commissioner has failed in his job, he should resign. Even if Lagos produces 20k tonnes daily, since the govt knows, they should put up modalities to tackle it and no complain about the number of tonnes... Complains don't fix issues.... MAKE THEM SHOE WORKINGS .. NO BE CHO CHO CHO. |
Politics › Re: I Would’ve Removed Fuel Subsidy In An Organized Manner – Peter Obi by vanvickie(m): 7:18pm On Jun 19 |
Counterigbolies: guy are u just arguing blindly or what?
Did u read this?
Same exchange rate reform is responsible for more money to states n u are here condemning it....it's obvious u really don't understand what u are arguing about No dey talk rubbish. If allocations have increased by 43%, by how many % was naira depreciation? For instance... So 100m at 1500dollars to 1naira is better than 50m at 500 dollars to 1 naira? 2hat is the actual purchasong power of the amount that has increased? U can't devalue a currency by more than 100% and increase allocations by 43%... There is still a deficit of 57%. Make una no dey talk rubbish abeg. Face value of the money isn't what is important.. It's the purchasing Power.. . Else u'll prefer 50,000 UGX (Ugandan shillings) which is around 14 dollars to 50dollars? Simple because the former has a greater face value? Rest abeg! |
Family › Re: A Doctor's HIV Comment Sparks Debate by vanvickie(m): 12:57pm On Jun 18 |
bigpicture001: It I very true...I run a medical lab...and I can say the doctor said correct..
U see couple comer pre marital test all testing negative...then just 8-months to 18 months after childbirth...wife is HIV positive And u automatically assume that it's the man that gave it to the wife? Really, women don't cheat? All the paternity fraud that have been coming to light recently haven't taught you anything? So there isn't any chance that the women may have cheated with a man that's positive to HIV? SMH |
Crime › Re: Qudus Ajeyemi Jailed 5 Years In The UK For Attempted Rape, To Be Deported by vanvickie(m): 8:16pm On Jun 17 |
N Authoreety: Did he succeed in raping her ?
The guy even tried to do damage control... And the lady used the damage control as evidence....
It is an ikegwuru situation...
The judgement was too harsh though.. Five years not bad ... But deportation chai!!! As an immigrant on a visa, most times, if you commit a crime that warrants a prison sentence of more than 12monyjs (1year), once you come out, na deportation STRAIGHT. |