Save journey my President 🙌

CyrusVI:


Is Dele Momodu a PDP cheiftain? If Yes, then that political party is second largest congregation of dullards anywhere in the world

Lagos is by far the most industrialized State in Nigeria, The population is like 1/10th of the total Nigerian Population which makes it the best sample size to experiment whatever hypothesis and project u believe in


If a former Lagos designer should fail, then there's no hope for one Adamawa tourist with a golf-club head

He's done it before in Lagos, He will do it again in Nigeria

🙂

Hnmm😳

The Federal High Court sitting in Lagos on Tuesday dismissed a suit challenging the use of Arabic inscriptions on Naira notes.

Justices Yellin Bogoro held that Section 53 (1) of the Banks and Other Financial Institutions Act (BOFIA) empowers the Central Bank of Nigeria (CBN) to print, design and issue the currency and compels the need to establish bad faith before an action can be brought to challenge the act or omission of the Federal Government or the apex court.

The court also held that the suit brought by a Lagos-based lawyer, Malcom Omirhobo, challenging the Arabic inscriptions on Naira notes failed to establish that the CBN’s powers were exercised in bad faith.

Omirhobo had filed the suit against the CBN in Jan. 2020 contending amongst other things that Arabic is not one of the four official languages of Nigeria namely English, Yoruba, Hausa and Igbo. He contended that Arabic is not indigenous to Nigeria and to have it on our country’s currency offends certain provisions of the Constitution.
The CBN, in its response, had filed a preliminary objection insisting that Omirhobo had no locus standi to file the matter. The bank also filed a defence.

Three other interested persons joined the suits as defendants, the Incorporated Trustees of the Muslim Rights Concern (MURIC), its Founder, Ishaq Akintola; and a Kebbi-based legal practitioner, Umar Kalgo.

After listening to all the defendants in May 2024, the court fixed its judgement for today (Tuesday).

First, Justice Bogoro dismissed the CBN’s preliminary objection and held that Omirhobo had the locus standi to institute the action of being a taxpayer. The court also held that public interest actions must be encouraged.
The court, however, held that Omirhobo failed to prove that the CBN acted Mala Fide, in bad faith and accordingly dismissed the suit.

In his reaction to the judgment, Omirhobo said he had applied for a Certified True Copy of the judgement and would study the same to decide his next line of action.

According to Omirhobo, the court also noted that Nigeria is a secular state and as such no religion is superior to the other. The lawyer also said the court noted that Nigeria is a multi-ethnic and religious country and that no ethnic group or religion is superior to the other.
https://www.channelstv.com/2024/07/16/court-dismisses-suit-challenging-arabic-inscriptions-on-naira-notes/

The lawyer claimed that the court held that Arabic is not Nigeria’s official Language and advised that for Nigerians to coexist in harmony, perhaps it is time for the Central Bank of Nigeria and the Federal Government to remove the Arabic inscription on the N200, N500 and N1000 naira notes since it has been removed from the N5, N10, N50 and N100.

Welcome home my President🇳🇬

Welcome Home, 001 GCFR 🇳🇬 🇳🇬

The RED LINE Commissioning is all set for tomorrow.

#RedLineRail
#GreaterLagosRising

@officialABAT 🤝 @jidesanwoolu

🇨🇮 Côte d'Ivoire: 2.2M
🇬🇭 Ghana: 1.1M
🇮🇩 Indonesia: 667K
🇪🇨 Ecuador: 337K
🇨🇲 Cameroon: 300K
🇳🇬 Nigeria: 280K
🇧🇷 Brazil: 274K
🇵🇪 Peru: 171K
🇩🇴 Dominican Republic: 76K
🌍 Other: 386K

According to UN FAO, 2023

https://twitter.com/stats_feed/status/1762398706920563194?t=8HW523qHKXHiWdF-zBjGYg&s=19

budaatum:
A more accurate topic for this thread is
Average Cost Of 1GB Of Mobile Data Worldwide.

"Average in the world" means you add them all together and divide by how many there are.

you're right, thanks for the correction

Israel: $0.02
🇮🇹 Italy: $0.09
🇵🇰 Pakistan: $0.12
🇮🇳 India: $0.16
🇫🇷 France: $0.20
🇨🇴 Colombia: $0.20
🇧🇩 Bangladesh: $0.23
🇷🇺 Russia: $0.25
🇲🇾 Malaysia: $0.28
🇺🇾 Uruguay: $0.28
🇮🇩 Indonesia: $0.28
🇵🇱 Poland: $0.37
🇨🇳 China: $0.38
🇳🇬 Nigeria: $0.39
🇧🇷 Brazil: $0.40
🇹🇷 Turkey: $0.44
🇦🇺 Australia: $0.44
🇪🇸 Spain: $0.48
🇩🇰 Denmark: $0.51
🇫🇮 Finland: $0.52
🇬🇧 UK: $0.62
🇨🇱 Chile: $0.64
🇪🇬 Egypt: $0.65
🇦🇹 Austria: $0.69
🇻🇪 Venezuela: $1.05
🇮🇸 Iceland: $1.08
🇦🇷 Argentina: $1.11
🇪🇪 Estonia: $1.15
🇸🇦 Saudi Arabia: $1.49
🇮🇪 Ireland: $1.50
🇮🇷 Iran: $1.50
🇳🇱 Netherlands: $1.61
🇳🇪 Niger: $1.63
🇵🇹 Portugal: $1.79
🇿🇦 South Africa: $1.81
🇲🇽 Mexico: $2.03
🇩🇪 Germany: $2.14
🇸🇪 Sweden: $2.33
🇯🇵 Japan: $3.48
🇳🇴 Norway: $4.07
🇦🇪 UAE: $4.61
🇰🇷 South Korea: $5.01
🇨🇦 Canada: $5.37
🇳🇿 New Zealand: $5.89
🇺🇸 USA: $6.00
🇨🇭 Switzerland: $7.29
🇫🇰 Falkland Islands: $40.58

https://twitter.com/stats_feed/status/1757279032100761628?t=I4b0p36N4DC3mQDZdYRkwA&s=19

DeLaRue:
During Buhari's government, Nigeria, through the CBN, was spending according to some estimates, more than $12billion per year to maintain 2 exchange rates N440, and I think N570 to a dollar.

That $12 billion dollars was effectively a subsidy.

By the time Buhari left, Nigeria had just about $3.5 billion in its account. It is from that amount that we have to pay our debts and pay for imports of goods.

As you can see, Nigeria no longer had the $12 billion dollars required to keep naira/dollar rate at less than N600. So the current government had no choice but to give up on trying to subsidise the naira.

If Atiku or any other candidate had won, they would have had no choice than to follow the same path.

It is like buying a BMW when you had money. If you no longer have money to maintain it, what do you do, you give it up. No be so?

Your friends and neighbours who see you taking Okada will call you stupid for giving up such a beautiful car. But, younno longer have know what they don't know - you no longer have the money to maintain the car.

This is exactly where Nigeria is at present.

Fl they Lord and saviour promised to the same , it's because they hate Tinubu that' is why their don't want to admit

Eminent Nigerians in the North under the aegis of the Arewa Initiative for Defence and Promotion of Democracy, have said the harsh economic situation being faced by Nigerians is the fallout of the comatose economy handed over to President Bola Tinubu by his predecessor.

The Arewa Initiative which is also an amalgamation of Pro-Democracy Groups from the 19 northern states under the Chairmanship of Prof Shehu Abdullahi Ma’aji also stated that Nigerians should ignore sponsored protests staged against the Federal Government in Kano and Niger states recently.

Some Nigerians particularly in Minna, the Niger State capital, recently took to the streets, protesting the harsh economic situation in the country arising from recent hike in prices of goods and commodities.

Similar protests were also held in Kano and Kogi states over the hardship in the country.

Addressing the media in Abuja, the Chairman of the Arewa Initiative, Ma’aji, said pockets of protests staged in some states, were uncalled for, and the Federal Government is already addressing the problems.

Ma’aji further pleaded that an eight-month-old government was too early to be assessed, let alone criticised by people with ulterior motives
The group noted that it consulted with various Northern stakeholders and that “the North is solidly behind President Tinubu and will continue to support and cooperate with him for the actualisation of his Renewed Hope Agenda.

He said, “The current administration of President Bola Ahmed Tinubu inherited a lot of problems from the past administration of Muhammadu Buhari which it is currently trying to address.

“For instance, the Kwara State Governor AbdulRahman AbdulRazagq and chairman of the Nigeria Governors’ Forum had just revealed that the crude oil the country will be getting in the next six months had been sold in advance by the immediate past administration and the solutions to the problems cannot be instantly solved but in a gradual pattern.”

Ma’ji added, “Nigerians should show patriotism by cooperating with this administration in its bid to find solutions to the country’s problems such as inflation, corruption, insecurity – banditry, and kidnapping that the country is currently facing.

“Disgruntled politicians and other unpatriotic elements who have perfected plans to mobilise bogus civil society organisations to stage phantom protests across the country to smear the image of this administration should stop their evil machinations.”

The Arewa group, however, added that they are not averse to any form of legitimate protest to show grievances to government policy or programme provided it is done in good faith and under the laws of Nigeria.


https://punchng.com/tinubu-inherited-poor-economy-from-buhari-arewa-group/

1 🇳🇬Nigeria: 61.2m tonnes
2 🇬🇭Ghana: 10.7m tonnes
3 🇨🇮Côte d'Ivoire: 7.6m tonnes
4 🇧🇯Benin: 3.2m tonnes
5 🇹🇬Togo: 985K tonnes
6 🇨🇲Cameroon: 543K tonnes
7 🇨🇫Central African Rep: 491K tonnes
8 🇹🇩Chad: 462K tonnes
9 🇨🇴Colombia: 402K tonnes
10 🇵🇬Papau New Guinea: 378K tonnes

#Statisense
(FAO)

StatiSense

atiku4President:
From who

Nnamdi Kanu

H.E. President Bola Tinubu today receives a Nigeria Football token ahead of the Super Eagles' Round of 16 clash against Cameroon at the African Cup of Nations.

The President looks forward to a quality showing from our men!

🇳🇬🏆⚽️🏆🇳🇬

— S. Adviser, Media & Publicity

Ajurri ngelale



https://twitter.com/AjuriNgelale/status/1751263385679802400?t=U2BbEJ3z9IEDDigI6r3rMQ&s=19

I started watching afcon since 1994 to God be the 😤

👏

🇰🇪🇿🇦🇹🇿🇨🇩🇸🇴...Swahili: 98m
🇳🇬🇳🇪🇨🇮🇧🇯🇹🇬...Hausa: 63m
🇳🇬🇧🇯🇱🇷🇸🇱..Yoruba: 40m
🇿🇦Zulu: 28m
🇳🇬Igbo: 27m
🇿🇼🇿🇦Xhosa: 19m
🇳🇬NGN Fulfulde: 14m
🇲🇱Bamanankan: 14m
🇿🇦North Sotho: 14m
🇿🇦🇧🇼Setswana: 14m
🇿🇦🇿🇼South Sotho: 14m
🇨🇲🇲🇱🇨🇮Jula: 12m
#StatiSense

(Ethnologue)

https://twitter.com/StatiSense/status/1229833181374881794?t=dgo4AIZYUGI4gYy4wDi4cw&s=19

Falana narrates the story of a farmer who was chased out of his farm and offered ₦150,000: "They came to us and we said don't worry, we will go to court...the judge awarded 250 million naira.
Unfortunately, after the case, we discovered that in 5yrs, that company will profit 500 million dollars.



https://twitter.com/channelstv/status/1692542177832828996?s=19

Coward's

A flight from South Africa to London or Istanbul, despite the long distance, has always been cheaper than flights from Lagos to London or Istanbul, on the same airline and same date.

The difference in ticket prices has made a number of Nigerian passengers fly from Accra, Ghana to London, Canada and other frequently visited destinations in a bid to cut costs.

The question then is why the wide disparity in ticket prices from Nigeria and other African destinations? Is it just a rip-off as many have alleged or there are several factors that contribute to this worrisome trend?

While foreign airlines have linked the high cost of tickets to the exchange rate in Nigeria and their trapped funds, some aviation stakeholders have argued that other African countries with high exchange rate and trapped funds still have relatively cheaper fares than there is in Nigeria.

Some stakeholders have argued that foreign airlines have continued to leverage demand and the absence of Nigerian carriers on international routes to “rip off” Nigerians.

In 2019 when Air Peace commenced flights from Lagos to the United Arab Emirates, base fares immediately dropped on the route from N400,000 on Emirates and Qatar to about N250,000.

“We just need our local airlines to stand up to the task and compete with these foreign airlines coming here to rip us off. All foreign airlines operating in Nigeria increased fares exponentially but same airlines’ tickets are cheaper in neighbouring countries to the same routes,” a stakeholder who did not want to be mentioned told BusinessDay.

Another stakeholder explained that Virgin Atlantic tried to fly to Accra from London with the same aircraft configured for Nigeria with heavy emphasis on upper class but it quietly quit even at the lower fares.

“Nigerians were now flying to Ghana to take advantage of the slightly lower fares to the UK. If no one can bankroll an airline with the financial muscle to equip it with dozens of aircraft to fly locally then even international is a near impossibility. If we lower our taxes and improve efficiency then the airlines could lower their fares. If we code share on lucrative routes with local airlines partnering to take a small share we might be able to get in the game,” he said.

He noted that if Nigerians accepted that jet turboprop aircraft are the best Nigeria can afford for local flights and had a hundred of them, the country would have the beginnings of an industry.

He said: “As long as we scare away the only airline in the world that was persistently trying to do business with us because they understand our market and value our custom (Ethiopian Airways), we aren’t flying anywhere in a hurry. It will take us 100 years.

“When you look at the taxes airlines are charged in conjunction with exchange rate issues (hopefully now rested but they still need to get their money out) coupled with lack of competition on the route, they can pretty much charge what they like, provided they continue to get passengers who are willing to pay.”

Last month, the International Air Transport Association (IATA) disclosed that Nigeria owed $812.2 million out of $2.27 billion trapped funds, making it the country with the highest trapped funds globally.

Kingsley Nwokeoma, president of Association of Foreign Airlines and Representatives in Nigeria, told BusinessDay that foreign airlines are not ripping off Nigerians in anyway but the exchange rate and trapped funds which is close to one billion dollars has forced them to block the low inventories (low fares) in Nigeria while these low fares are available in other African ticket selling platforms.


He said this action is simply to reduce the amount of trapped funds in the country.

“If the government does not work with foreign airlines to resolve the issue, it will affect the Nigerian economy and will be a plus to other neighbouring countries,” Nwokeoma said.

He advised the Central Bank Nigeria (CBN) to sit down with the airlines and try to see how they would pay part of the money to the airlines. “Boeing will not ask the airlines if people are repatriating money or not. They want their money paid. The same applies to other service providers,” he added.

The AFARN president said that the amount of money being owed by the CBN “is embarrassing because it is a business these airlines are running and if there are no funds, it will definitely affect safety”.

Seyi Adewale, an aviation analyst and chief executive officer of Mainstream Cargo Limited, told BusinessDay that international airlines are significantly benefitting from a barrage of odds against the Nigerian travelling citizens, adding that the odds could start from an overview that the propaganda is generally not in Nigeria’s favour.

Adewale said: “The general narrative that international airlines have trapped funds already places us at a disadvantage as resounded by IATA.

“Secondly, the notion that pre-existed the floatation of the naira is that there was a wide disparity and indeed an arbitrage between official naira dollar exchange rate and that of the parallel exchange rate that accentuated the controversy of what exchange rate the airlines are to adopt and how this affects the repatriation of their funds.

“There were about four exchange rate platforms with significant differing rates amongst all the four. This may have been tamed by the recent fact that the naira-dollar now has managed-floatation policy from the new federal government that has potentially limited the propaganda narrative against Nigeria. It is instructive to note the out-of-box thinking that is now at play regarding the currency and debt swap allegedly adopted by Ethiopian Airlines and Dangote Group.”

He said the international airlines benefit from the fact that domestic airlines are yet to substantially demonstrate the capacity to fly long haul routes and “Nigeria does not have a national carrier able to ‘fight back’ in a reasonable manner or benefit from the signed Bilateral Air Service Agreement with the respective countries”.

He said it will not be surprising that the countries party to these agreements are not willing, interested or supportive of the recognition of the domestic airlines in a fair manner.

“Relating to our culture, the propensity for Nigerians to travel at the slightest instance further exacerbates this issue with its hugely dispersed Diaspora population,” Adewale said.

“It may please us to remember that airline ticketing/ selling rates are also demand and supply based. This can be proven with the high disparity between flying in or out of Lagos as compared with that of Abuja,” he said.

Read also: Spare parts clearance: Airline operators, customs partner to establish aviation desk

Olumide Ohunayo, an industry analyst and director of research at Zenith Travels, said the continuous increase in ticket on the Nigerian route is because of the demand pull.

According to Ohunayo, this demand pull is not being met by capacity on the route and that is why the price difference is so much.

He said: “As popular as the London route is with 21 frequencies already used to the maximum by British carriers, we need a representative on this route. Listening to the Air Peace chairman, it is not the will but the support. Government needs to support local locals on international routes.

“When an airline flies into another country, it becomes a flag on that route. The ministry of justice, foreign affairs and aviation are supposed to follow the airline through. The airline must not be a national carrier before it gets protection. Virgin Atlantic is protected by the British government on issues that have to do with international trade and the same applies to numerous carriers from the United States.”

https://businessday.ng/aviation/article/explainer-why-airfares-from-nigeria-are-higher-than-african-peers/

this Adamu of man has always be a crook