₦airaland Forum

oyinpr:
I need something that'll be bringing in steady income

Hello I want to share something profitable with you, can you chat me up on 08089456258

Beancounter93:
That's a very very tiny minority of kids.

Plus some of those kids eventually break down.

One of my siblings went to secondary school with a girl who entered at the age of 8 years old. Naturally, the child was still a child....and she still repeated the year.

Let kids develop slowly, not quick quick.

And I entered secondary at 9, I was hot. I Know a very brilliant girl that entered at 7. I started most things people are trying now at 8. my first multilevel marketing business was at 8. I began reading encyclopedias before 9. I already read enough of Nigeria History at Primary 4 independently. I entered university at 16, my sister got admission to UI at 14 about 15, she eventually went to Igbinedion University graduating as the best student in her class despite being into grocery business and fashion designing.
One of my mentors told me I am 20 years ahead of my mates in thinking.
It's unfortunate that we have leaders who are taking us backwards, they are taking it backwards with their stupid mentality.
As for me by the time my kids clock 15 they must have become professionals, polyglots and renown experts in their areas of gifts.

okoIYAyin:
Hello here, greetings to y'all. Am a fresh graduate, waiting to go for nysc and since it's not even sure I'll be going by next batch, that means i still have about 1-2 months of doing nothing, so am thinking of starting my IT tech journey. Am thinking of starting with web design, and am currently in Ibadan. I need anyone that can teach me web design around Ibadan for some weeks, i won't mind coming to wherever you're but preferably should be around iwo road, challenge, mokola or environs. I'll be paying for the lessons of course, i don't have much though You can reach me on 08081717661

I can only provide you with guide and videos as I am Abuja based reach me on 08089456258

ijustdey:
https://www.sunnewsonline.com/senate-proposes-18-as-age-for-utme-candidates/


Lalasticlala

When some kids become PHD Holders at 18, who made our political office holders stupid like this?

Plomo:
But most times, the valuation you put on your company is not what investors end up working with. Their will be lots of back and forth negotiations. You should always assume the investors have more experience than you, know the market and economy better and do their due diligence. So you may not get the funding you’re looking for at one go. That’s why you now start hearing of Series A, B, C.


You didn’t factor in the fact that a business may never even successfully raise funds via any avenue.

He may have sweet numbers, a juicy plan etc but the business does not just fit the venture model.

A private company may also issue stocks or trade shares and have share holders but their shares don’t trade publicly on exchanges. These shares are less liquid (does not favor the impatient investor) and their valuations are difficult, very difficult to determine.

True, that is why we have pre-seed and seed funding coming first before the route of the different series of funding.
That is why the idea of crowdfunding and crowdvesting is popular now as alternative before any Venture Capitalist buys into the business.
Nevertheless instead of overthinking things the best option is to start and jump into the ocean.
The sad part of it is that most times we all function as angel investors and venture capitalist only that we want quick gains instead of looking at joining a visionary project that will take up to 7 years to break even experiencing exponential growth.
Putting our focus on long term business project in perspective will not only help us as individuals but also as a people and nation.
For example I have a vision of planting 100 Million economic trees in 10 years and I have done my feasibility study, needs assessment and impacts analysis.
I realized that instead of going extreme technically it is best to just start. I also discovered that the easiest way to do crowdfunding and crowdvesting is through Blockchain Technology so I created a cryptocurrency for the entire project which I called Cowries

kiako:
In other words, [taking the stats as written ] if 200, 000 shares are sold and what's needed for the business to get ROI is lesser (say 120K), it still means the shareholder(s) only acquired 20% stake ??

Yes but usually you don't undervalue your company based on your project plan though you don't also over value it beyond normal.
Let's say you are going into the real estate market and you want to raise equity. Let's assume your target is to build 1000 duplexes of initial value of like $50,000 in 3 years, and that means that the value of the total products being is at $50,000,000 and let's assume you that the value of the properties will triple in value in 6 years that means the value of the product will be $150 Million by then.
Now let's assume that all you need to kickstart the whole project is just $15,000 per duplex you can project an additional $5000 making $20,000 and ask for people to buy into your company so they can how some shares of it.
With the money raise you build your houses sell some and make profit then share some to your shareholders will the company keep growing in value through Production, Marketing, Sales and Merchandising.
As you grow organically or in-organically the value of your company may jump up to an excited state as you keep churning in revenue growing your workforce until your company becomes a shark

kiako:
I'd like to know, selling of shares of 10%, doesn't it translate to raising only 10% needed in the whole running of the business ? Or how does this shares thing capture its stance in capital proportion ?

Lets say a business needs 100K for a year running. And 10% share is sold, can it generate more than 10K seeing that that is 10% of the total sum ?


Secondly, why do we have to register a US corporation ? I believe to have a US presence; is it ?


Lastly : being valued at $10M, how is that valuation done as in what does it entail ? Does one just say his business is valued at $10M or what are the modalities that bring up to that figure owing to the business. ?

The concept of shares and selling of stake in a business is unique for Limited Liability Companies either private or public.
Just like how the CBN print out money, the money for LLCs and PLC Comes from selling voting shares or ordinary shares of the company through private or public offering.
Usually in Nigeria the average total share offer when registering is at 1 Million shares which is staked at 1Naira to 1 share so a person who owns 200,000 shares of a company owns the value of 200,000 Naira out of 1 Million naira of the company which also determines the dividends he or she gets when profits are made.
For the US part, foreigners who are not based in the US are allowed to register either and LLC or C Corporation which allows one to do business in the USA even if you are not physically present most especially for technology companies.
When registering a C Corporation you the average amount of shares awarded to owners is $10 Million of which it can be more than that.
Owners have the privilege of selling out shares for raising funds for funding the business.

The essence of fund raising through equity is not actually for just spending but for growing the value of the company through the Viable Products pushed out. So you don't look at it from the angle of spending but Investment and Returns of Investment (ROI)

SavageResponse:
If you ever decide to team up with people to raise funds for a project make sure you do so with people who you know well especially with regards to ethics and their temperament when handling other people's money.

It is also of utmost importance to be sure that each team member is bringing something of value (Eg special skills, knowledge or experience) to the table and will not just be a deadwood who contributes nothing but wants to just share money!

You are very right on this, some people are acidic and some lack the capacity and patience to follow things through

Because that is the actual way to boost the economy because without food what are you doing on earth

Plomo:
I really can’t break it down cos it’s a lot. There are a lot of requirements.

You can check out Ycombinator and see how tedious it can get.

This topic to be broken down to pieces is a full stack course ranging from 500k and above oh.
Why don't we like 3 to 10 guys team up on a project just like how Jack Ma and Jeff Bezos did for their startups in the 1990s. We float a Nigerian based coy,register a US based Corporation that has the value of $10 Million we can sell out like 10% and use it to fund our idea
If anyone is interested chat me up 08089456258

OmoOgunOriginal:
Please what does MVP mean?

minimum viable product

kiako:
How can I raise investor funds for a startup ?

I read how startups raise huge funds from investors - where are these investors found ? I'll like to pitch one or two ideas to them.

Any platform or body or anything ?

first create an MVP, second register an LLC In Nigeria, third register an LLC or C Corporation in the US, third gain tractions of revenue then apply for international acceleration for your startup

I don't think I was born with silver spoon, may be na copper spoon. But never have we share food from same plate, we grew up serving ourselves

DeFuturePresido:
The crux of the disagreement is this: Who should rightfully take custody of these artefacts? To answer the question, let us take two approaches:

1. Who was the original owner of these artefacts, and who, today, physically embodies that person?

2. Who has the greatest capacity to preserve these artefacts for the greater good of the largest number of people and for posterity? Is it
A. The Benin Royal Palace,
B. A privately managed Museum Trust,
C. The Edo State Government or
D. The Federal Government of Nigeria?

ANSWERS
1. The rightful original "owner" or custodian was Oba Ovonramwen Nogbaisi, who was deposed during the British "punitive expedition" of 9 - 17 Feb 1897, which was led by Rear-Admiral Harry Rawson.

The person that, today, physically embodies Oba Ovonramwen is (unequivocally) the current ruler of Benin Kingdom, Oba Eheneden Erediauwa Ewuare II.

2. The answer to who can best manage the artifacts, unfortunately, is not straight forward. Technically, it should be the Federal or State government. However, you only need to pay a visit to Federal and State museums across the country to understand that good management and maintenance is not a strong point of government in these parts.

That leaves us with The Royal Palace or The Private Trust.

My inclination is to suggest a merger of the two options:

A. The museum/cultural district should be built in the location chosen by the Oba of Benin.
B. The museum and cultural district should be managed by the Private Trust.
C. Oba Ewuare II should be made the Chairman of the Trust.
D. The CEO of the Trust should be a thoroughly seasoned professional and should be chosen via a merit-based selection process.
E. Members of the Trust Board should be drawn equally from nominees provided by the Benin Palace, the State Government, the Trust's Directors and the Federal Government.
F. All decisions should be made via simple majority votes.

I believe that this option will resolve the issue and provide the best solution.

Very intelligent suggestions

Sankabson:
Hello Gurus in the House,

Please, what business can a Man of 65years of old do, with a total capital of 3.5M ? He’s not looking for heavy profits but he’s looking at a steady and reliable income.

City Of Residence : IBADAN.

Can Admin help push this thread. We have many older people on here, that doesn't wanna sit idle at home. There's so many Brilliant Mind on Nairaland.


Thanks In Advance.

He should buy land like 1-3 acres and plant banana, it will be giving him returns annually for 30 years without replanting. I have a guy who is an expert in it, chat me up on 08089456258

martyns303:
Hi guys, please I am seeking advice from professional builders here, I understand the values are not definite, but a rough idea and range will really help. many thanks.

20 to 30 million naira based on the quality of interior

Osnami:
What is your backup plan incase you lose your job today or your company folds up?

I am the backup plan, I am multi gifted and talented, I am blessed by God to be a visionary.
I am also good at connecting with people, I don't focus on getting jobs instead I focus on connecting with people, great and little

DarlingtonC:
Somebody help!!!

Thank you

Like how much do you want to spend

Abimbolafavour:
Please i need advice on what to do... I Met a guy along the line we started talking , he's smart , l like the way he talks so matured .. We met like four times... Suprisely the last time i saw he .. We had a normal conversation since then he started acting strange he doesnt call again .. I sent him a message he didnt reply , called almost five times he didnt pick up neither did he return my calls. I was so hurt and pain i couldnt concerntrate at work my MD had to ask me whats wrong .. I lied to her something entered into my eyes . I still don't understand what could have gone wrong .. I don't deserve to be treated this way. Up till now no calls , i made up my mind not to call him so as not to look desperate and i really love this guy. Nairalander pls whats the next step to take.?

Don't call him, just send him a message asking him to stay safe.
The Norma nature of men is to conquer, give him some space. Pray to God about him, that if he is his will for you let it come to pass. Stay with your dignity as a woman, don't rush him let him fight for you.

He might be passing through some issues and confusion. Let him sort himself out first

born2lead01:
Hi,
I'm looking for someone to help build a forum like nairaland that can push topics to front page.

Interested person should let me know.

Thanks

chat me up on 08089456258 I will do that for you

Couragejay:
i have tried searching for this words, oh waryei, the wayrey and some of my friends uses them when explainin or narratin things to me e.g
oh wayrey, e get one girl i see for road she set fyn.
the waryei, baba u do me bad, pls some one should help me explain those words to me

mad person now, are you not a Nigerian?

blackmanblack:
That they may know from the rising of the sun, and from the west, that there is none beside me. I am the Lord, and there is none else. I form the light, and create darkness: I make peace, and create evil: I the Lord do all these things.
Isaiah 45:6‭-‬7 KJV

Yes! God is the creator of heaven and earth, He is the Alpha and Omega, First and the Last. Glory to His name and his throne.

But my question lies on verse 7 of the chapter were it is said the He created evil. Bible scholars, kindly help me with more of your wisdom, knowledge and understanding in making the verse more explicit.

Thank you.

Just like think of it in context of angels and demons, good and bad people. It does not need over analysis

Lifted2000:
Vice President Yemi Osinbajo, Thursday lamented that resources that should be used to tackle unemployment in the country were buried in the ground in different parts of the country.

Professor Osinbajo said unless the country gets the management of its solid mineral resources right, it would continue living in the terrible paradox of suffering in the midst of plenty.

The Vice President stated that during the maiden edition of the strategic engagement on sustainable mining with the theme: “Resurrecting Our Buried Prosperity”.


According to him, “So buried in the ground in various parts of Nigeria are riches that could ensure that no Nigerian is unemployed, underfed, or neglected.

“And this is not mere speculation because, before the discovery of oil, Nigeria developed its infrastructure, roads, rail, dams, provided free education in the western region for example, from the proceeds of minerals, agriculture and taxes.

“But with the discovery of oil, these incredible riches have remained buried in the ground for decades. In many parts of the country, you find illegal miners with poor equipment essentially scraping the surface of these deposits.


“Some better-equipped operators are able to do more, but they largely exploit cheap labour, and pay next to nothing in taxes or royalties, and cause environmental damage that is never remedied.

” It is clear that unless we get the management of our solid mineral resources right, we would continue living in the terrible paradox of suffering in the midst of plenty. The problems are numerous but solvable.


” The principal issue is that of the challenges of implementing the regulatory framework. While the Ministry of Mines and Steel has the legislative mandate to regulate mining in the country, many states and local governments have embarked on the imposition of their own rules and regulations on miners in their States, including issuance of Registration, Permits, Community Development Agreements (CDA) and Memorandum of Understanding (MOU) on miners.

“Some State Governments, in a bid to shore up their revenues, impose illegal fees, taxes, and levies on foreign and local licensed mining companies and operators.”

Professor Osinbajo said the federal government required the cooperation of states, council areas and mining communities, for the mining sector to become adequately beneficial to Nigeria.

He also noted that Nigeria must put an end to the culture of exporting its raw materials, start maximising the advantages of refining raw products and exporting products with value added as this has more to offer in terms of job creation and others.

He submitted that the federal government would not be able to effectively regulate mining activities in the country without the active participation of the state and local council structures, explaining further that the centre must also ensure that appropriate incentives go back to the sources.

He emphasized the need for the federal government to ensure that mining communities receive adequate attention, both for residents and for the environment around the communities.

He said, “Mining revenues go to the Federation Account and is shared between the Federal Government, States and Local Governments. States where resources come from get 13% derivation in addition to their share.

“The Federal Government cannot effectively regulate mining without actively, and deliberately working with States, Local Governments and mineral-producing communities.

“The Federal Government, States and Local Government have to jointly develop working arrangements to ensure that mining is attractive to investors, profitable for States and Local Governments, not just from proceeds but also from personal income tax paid to States by mine workers and staff of mining companies.

“The communities where mines are located must also have some direct benefits aside from jobs for their residents. We must find a formula for compensating the communities for environmental degradation and erosion.

“There must also be a framework for ensuring that environmental degradation is remedied.

“We must discourage the export of raw minerals. Refining, processing, or beneficiation is the only real way to maximize our mineral wealth and create good-paying jobs and opportunities for our people.”

He noted that Nigeria was already globally a leading producer of Tin, Columbite and Coal as of 1940. He noted that potential coal reserves in the country are currently estimated to be as high as three billion tonnes, adding that “much of our coal is high-grade clean and bituminous with a low sulphur and ash content.

“Even farther back in 1913, gold in commercial quantities had already been found in parts of Northern Nigeria and what is now Osun State. Bitumen was discovered as far back as 1900 mostly in the Southwest Zone, the bitumen belt covering what are now Ondo, Ogun, Lagos, and Edo States and today with deposits in excess of 42 billion tons we have the second-largest bitumen deposit in the world and almost twice our oil reserves.

“How about iron ore? We have the 12th largest iron ore deposit in the world, more than three billion tons. Besides, the Nigerian Geological Survey Agency (NGSA) confirms that Nigeria has over 44 mineral deposits in commercial quantities in over 500 locations across the 36 States and Federal Capital Territory of Nigeria. These minerals range from industrial and energy minerals, such as iron ore and coal, to gemstones, including sapphires, rubies, and emeralds.”

He, however regretted that with the discovery of oil, these incredible riches have remained buried in the ground for decades.

“In many parts of the country, you find illegal miners with poor equipment essentially scraping the surface of these deposits. Some better-equipped operators are able to do more, but they largely exploit cheap labour, and pay next to nothing in taxes or royalties, and cause environmental damage that is never remedied.”

The Vice President also regretted frequent arrests and harassment of licensed miners and their workers, and closures of mining sites as a result of taxes enforcement by states only disincentive prospective investors in the sector and invariably jeopardize the efforts of the Government to deepen the mining industry in Nigeria.

“There is no way this will ever benefit the majority of our people. Then there are the huge security concerns that always develop in the struggle for control of mineral resources in poorly regulated, unregulated, or ungoverned spaces. Almost invariably, these situations lead to criminal activities and particularly, the proliferation of weapons and armed groups. This is true historically and more evident now.

“On the African continent, we have ample examples of how resource extraction can trigger an increase in criminality. Here in Nigeria, armed banditry hiring and equipping of armed groups by illegal but powerful mining concerns in many resources-rich areas is clearly fuelled by the chaotic regulatory environment.

“It is for these reasons that this strategic engagement with the leadership of the 774 local governments is critical. It is apt and timely especially as the Federal government through the Ministry of Mines and Steel seeks to fully implement its robust and wide-ranging remit in policy and legislation.

“This engagement will certainly help in explaining the regulatory framework to the governments at the community level where most of the mining activities take place. It will enable the ministry and other stakeholders to get direct feedback from the local government authorities and those who have to deal with these issues daily.

“But where are we today? In 2016, the Ministry of Mines and Steel Development in collaboration with industry stakeholders formulated The Roadmap for the Growth and Development of the Nigerian Mining Sector Industry. The road map addresses some of the tensions between the Federal Government and subnational entities in relation to mining.

“The Roadmap which identifies partnership with mining communities as one of the “critical levers of success” states that “success in Nigerian mining requires partnership across multiple communities, stakeholders and institutions” and also stresses that “the role of state governments as both co-investors and sector champions is critical.” It further asserts that “a sustainable growth model” for the sector can be found “only through government innovations and partner action e.g. community engagement mechanisms, shared investment and co-creation of opportunities.

“Section 19 of the Nigerian Mines and Minerals Act establishes the Minerals Resources and Environmental Management Committee (MIREMCO). In each state which is composed of representatives of the Federal, State, and Local Governments and is designed to serve as a platform for fostering synergy in mining operations across all tiers of government.

“Consequently, the Act accords communities of the status of co-investors in the development of mineral assets. The Minerals Resources and Environmental Management Committees are important in bringing order, fairness, inclusion, and equity to mining and its value chains.

“Mr. President has also mandated the Ministry of Mines and Steel Development (MMSD) to prioritize the orderly and efficient development of 7 strategic minerals in the Mining Roadmap namely Coal, Bitumen, Limestone, Iron Ore, Barites, Gold, and Lead/Zinc ore to support local industries and for export of processed mineral products”, he explained.
[url][/url] https://www.vanguardngr.com/2021/07/riches-to-tackle-unemployment-in-nigeria-buried-in-ground-%e2%80%95-osinbajo/?utm_source=&utm_medium=twitter

Not totally true sir

BigSarah:
Dolly Parton and Princess Diana pass away on the same day.

They arrive at the pearly gates at the very same time.

Saint Peter is waiting in judgment. With both women vying for entry, St. Peter announces, “Ladies, I only have one more space in Heaven today. You’ll have to prove you’re worthy.”

Dolly Parton laughs and says “No problem, Pete!” She proceeds to unbutton her blouse and open her shirt, revealing two of the most perfect breasts ever seen on Earth or in heaven.

Diana watches as all eyes turn toward her. The air is pregnant with expectation. Outta nowhere, the Princess pulls a six ounce bottle of Perrier out of her purse. She shakes it violently, flips the bottle opener and jams the spewing bottle into her cooter.

Without hesitation, St.Peter exclaims, “You’re in, your royal highness!”

Diana straightens herself out, smooths a pleat in her skirt and proceeds through the gates.

Dolly is livid! “Are you kidding me? I show you two of God’s greatest gifts, and she performs a cheap pornographic act? And you let her in? What the Bleep??”

St.Peter listens patiently and finally replies. “It’s quite simple. A royal flush always beats two of a kind!”

Abeg where did you get this story of yours from. Is Dolly still not alive?

In his book, The General Theory of Employment, Interest, and Money and other works, Keynes argued against his construction of classical theory, that during recessions business pessimism and certain characteristics of market economies would exacerbate economic weakness and cause aggregate demand to plunge further.

For example, Keynesian economics disputes the notion held by some economists that lower wages can restore full employment because labor demand curves slope downward like any other normal demand curve. Instead he argued that employers will not add employees to produce goods that cannot be sold because demand for their products is weak. Similarly, poor business conditions may cause companies to reduce capital investment, rather than take advantage of lower prices to invest in new plants and equipment. This would also have the effect of reducing overall expenditures and employment.

Keynesian Economics and the Great Depression
Keynesian economics is sometimes referred to as "depression economics," as Keynes's General Theory was written during a time of deep depression not only in his native land of the United Kingdom but worldwide. The famous 1936 book was informed by Keynes’s understanding of events arising during the Great Depression, which Keynes believed could not be explained by classical economic theory as he portrayed it in his book.

Other economists had argued that in the wake of any widespread downturn in the economy, businesses and investors taking advantage of lower input prices in pursuit of their own self-interest would return output and prices to a state of equilibrium, unless otherwise prevented from doing so. Keynes believed that the Great Depression seemed to counter this theory. Output was low and unemployment remained high during this time. The Great Depression inspired Keynes to think differently about the nature of the economy. From these theories, he established real-world applications that could have implications for a society in economic crisis.

Keynes rejected the idea that the economy would return to a natural state of equilibrium. Instead, he argued that once an economic downturn sets in, for whatever reason, the fear and gloom that it engenders among businesses and investors will tend to become self-fulfilling and can lead to a sustained period of depressed economic activity and unemployment. In response to this, Keynes advocated a countercyclical fiscal policy in which, during periods of economic woe, the government should undertake deficit spending to make up for the decline in investment and boost consumer spending in order to stabilize aggregate demand.

Source: Investopedia

What Is Keynesian Economics?
Keynesian economics is a macroeconomic economic theory of total spending in the economy and its effects on output, employment, and inflation. Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.

Keynesian economics is considered a "demand-side" theory that focuses on changes in the economy over the short run. Keynes’s theory was the first to sharply separate the study of economic behavior and markets based on individual incentives from the study of broad national economic aggregate variables and constructs.

Based on his theory, Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. Subsequently, Keynesian economics was used to refer to the concept that optimal economic performance could be achieved—and economic slumps prevented—by influencing aggregate demand through activist stabilization and economic intervention policies by the government.
KEY TAKEAWAYS
Keynesian economics focuses on using active government policy to manage aggregate demand in order to address or prevent economic recessions.
Keynes developed his theories in response to the Great Depression, and was highly critical of previous economic theories, which he referred to as “classical economics”.
Activist fiscal and monetary policy are the primary tools recommended by Keynesian economists to manage the economy and fight unemployment.

PART OF
What Is Keynesia Economics?
Keynesian economics is a macroeconomic economic theory of total spending in the economy and its effects on output, employment, and inflation. Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression. Keynesian economics is considered a "demand-side" theory that focuses on changes in the economy over the short run. Keynes’s theory was the first to sharply separate the study of economic behavior and markets based on individual incentives from the study of broad national economic aggregate variables and constructs.


Based on his theory, Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. Subsequently, Keynesian economics was used to refer to the concept that optimal economic performance could be achieved—and economic slumps prevented—by influencing aggregate demand through activist stabilization and economic intervention policies by the government.

KEY TAKEAWAYS
Keynesian economics focuses on using active government policy to manage aggregate demand in order to address or prevent economic recessions.
Keynes developed his theories in response to the Great Depression, and was highly critical of previous economic theories, which he referred to as “classical economics”.
Activist fiscal and monetary policy are the primary tools recommended by Keynesian economists to manage the economy and fight unemployment.
1:40
Keynesian Economics

Understanding Keynesian Economics
Keynesian economics represented a new way of looking at spending, output, and inflation. Previously, what Keynes dubbed classical economic thinking held that cyclical swings in employment and economic output create profit opportunities that individuals and entrepreneurs would have an incentive to pursue, and in so doing correct the imbalances in the economy. According to Keynes’s construction of this so-called classical theory, if aggregate demand in the economy fell, the resulting weakness in production and jobs would precipitate a decline in prices and wages. A lower level of inflation and wages would induce employers to make capital investments and employ more people, stimulating employment and restoring economic growth. Keynes believed that the depth and persistence of the Great Depression, however, severely tested this hypothesis.


Source: Investopedia

jeremy85:
Abuja-kaduna Train Breakdown: My Experience

By Blaize Itodo

Over the weekend (Saturday, 26th) I was a passengers of a Rigasa -Idu bound train, we took off at exactly 6pm.

45minutes into the ride, our train came to a stop at a point that wasn't a train station, out of curiosity, i look out of the window and saw a fallen tanker across the rail and four others packed parallel to the train-tracks on a small hill.

We were there for about 5minutes. We continued our journey towards Abuja for another 30minutes and came to another stop at Rijana station, and since it was train-station, we thought our stop was to give way for the Abuja-Kaduna train, we were wrong. For 45minutes, we waited in vain. In that time frame, there was no form of courtesy from the management of the NRC to us in form of information on what the issue was.

The train stated moving at the point where people were beginning to ask questions. Again at Jere station we came to another abrupt stop, obviously to let the Abuja-Kaduna train through because we met it parked at the train station on arrival.

To our surprise, the engines of our train went off, few minutes later, the lights went off. In the dark we all began to ask questions and make speculations on what really has happened.

At Few minutes past 8pm, we began to leave our seats, the Air-Condition was not working (in my coach) before we stopped, the discomfort that followed became obvious with people moving up and down in all the coaches. Again we spent over an hour there without any information from Management.

We left Jere at 9:25pm for Kubwa train station, we arrived Idu at 10:25pm against our scheduled arrival time of 8pm. Till this minutes, nobody said anything to us for the inconveniences, not even the increasing insecurity across the land bordered them.

Again this morning, Monday, 28th June, an Abuja-Kaduna train is currently broken down at Dutse as reported by dailytrust.

Before we blame our leaders for this one, can we begin to call out the management of the Nigerian Railway Cooperation, NRC, for negligence and bad customer service for a start. For those of us who can, sue them for us abeg, maybe then, the government will begin to hold people accountable for the many ills and maybe, just maybe, governance will be better for it.

It is government of the people abi, and we are the people �

God bless Nigeria.
#citizenactivism #solution journalism's #NRC #abujatrain

That is why I say that Nigerian Rail Authority should be renamed as National Rail Commission and the rail transportation should be deregulated so that private and public investment can go into that area of Business.
As long as the monopoly continues we will continue to be in debts and also have poor service delivery

DannyG8:
3 men carried a woman's pictures To the same printing press For a birthday Gift , the printing man is her husband

What do you think will happen

if na me I will print oh and tell to print more, so I can make more money. After that I will call her and say madam you are strong woman oh, every guy is just trying to have you, I am getting jealous already, will you marry me. Some guys just left here printing your pictures for your birthday, remember me in your kingdom oh.

I will then wait and watch her body language,
Me I won't kill myself because of a woman