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Senate asks Buhari to dialogue with militants, rejects sale of national assets

noreply@blogger.com (Unknown) — Wed, 28 Sep 2016 11:52:00 -0700

Senate asks Buhari to dialogue with militants, rejects sale of national assets

By Soni Daniel, Henry Umoru & Joseph Erunke

ABUJA — THE Senate, yesterday, moved against last week’s recommendation of the National Economic Council, NEC, which asked the Federal Government to sell the country’s national assets.
The Senate’s position came on a day the Federal Government said no final decision had been taken on the matter.
NEC had recommended sale of the assets to raise capital to shore up foreign reserves and, by extension, bail out the country from the current economic recession.
The Senate’s decision is in line with recommendations of its ad-hoc committee set up to review its two-day debate, last week.
The committee in its report submitted at plenary, outrightly rejected government’s planned action, a decision which ran contrary to the position of the Senate President, Dr. Bukola Saraki, who had earlier backed government’s decision.
The Senate, in line with recommendation to that effect, called on President Muhammadu Buhari to, as a matter of urgency, prepare an Economic Stimulus Bill containing all the fiscal stimulus packages, investments and incentives designed to pull the country out of recession to the National Assembly for accelerated consideration and passage.
The committee in its recommendation of the sale of national assets which was, however, rejected, said: “Being a sensitive issue, it should be approached from a commitment to protecting the common patrimony of Nigerians by preventing the assets from falling into the hands of sharks, assets strippers and cannibalizers, while also guarding against the fuelling of further inequities in the society and polity.”
Other salient recommendations adopted by the Senate included urging the executive to ensure constant meeting of fiscal and monetary authorities for harmonization of all policies, particularly lower interest rates for genuine investors in the real sector as well as medium and small scale farmers and processors.
Dialogue with militants
It also recommended that the government must engage in meaningful and inclusive dialogue with aggrieved Niger Delta militants to avoid escalation of unrest in the region and ensure protection of Nigeria’s oil and gas assets. This, it acknowledged, was to facilitate increase in oil production and boost revenue therefrom.
To this end, the recommendation said the President should, as a matter of urgency, appoint a Senior Special Assistant, who should lead a team to coordinate government’s engagement with all stakeholders in the region, specifying that the team should include senators from the zone.
The Senate also adopted the recommendation urging the President to reconstitute Board of the Central Bank of Nigeria, CBN, and all other critical agencies, to ensure they operate in accordance with enabling laws.
To solve the age-long problem associated with saving for the rainy day by the Federal Government, the Senate adopted the recommendation seeking amendment of Section 162 of the Constitution to make it possible for the Federal Government to save money to that effect.
To ensure that the recommendations get to the President on time, the Senate also resolved that the report of all the 22-point recommendations should be personally delivered to the President by the Senate President.
After adoption of the resolutions, the Senate Chief Whip, Senator Olusola Adeyeye (APC, Osun Central) rose through Order 43 to emphasise that resolutions now adopted represented the corporate decision of the Senate, against individual submissions made by senators, last week, during the general debate.
No final decision yet — FG
Meanwhile, the Federal Government has said that no final decision had been taken on the issue of sales of the nation’s critical assets.
Minister of Budget and National Planning, Senator Udoma Udo Udoma, made the clarification while declaring open the 57th Nigerian Economic Society Annual Conference in Abuja.
Udoma confirmed, however, that the Economic Management Team had been working to put together a stimulus package to be raised from concessioning, advance payment for licence renewals, use of recovered funds and some asset sales.
The minister said the government was still open to contributions and was looking forward to receiving the recommendations from the conference as to how government could deepen and broaden reforms being embarked upon, aimed at restructuring the economy and changing it for good.
The minister said: “This is still being worked upon and is yet to be finalized, or submitted to FEC for consideration. To achieve this speedily, we are working to fast-track procedures through Presidential directives and legislation.
“As an example of the kind of funds we can generate from concessioning, we have a major company that has made a proposal to spend US$2 billion on the revamping of the existing railway line from Lagos to Kano and from Port Harcourt to Maiduguri.”
Udoma urged Nigerians not to lose hope in the economy, but use the current economic crisis as an opportunity to make major structural changes needed to change the country’s economy.
“We must use this crisis to introduce measures that will truly diversify the Nigerian economy by ensuring that the non-oil sector generates enough foreign currency earnings to drive the economy , even without any crude oil earnings.
“Government must use this crisis as an opportunity to promote broader macroeconomic and structural reforms so as to mitigate supply-side constraints and diversify the productive and revenue base of the economy,” he said.
The minister said government’s plans to achieve all these were contained in the Strategic Implementation Plan, which will be expanded into a more comprehensive medium and long term plan, as a successor plan to the country’s Vision 20:2020 Plan.
Made in Nigeria goods
He said further: “The Federal Government has been working with state governments through the National Economic Council, to engender alignment of policies.
“We also organised a retreat with them to share ideas, information and knowledge. We have also been reaching out to the private sector, to academia, to professional bodies, to civil society and other stakeholders.
“As part of efforts in this direction, government is currently collaborating with the private sector to launch a “Made in Nigeria” campaign, with the intention of encouraging quality production and massive consumption of Made in Nigeria goods and services.
“We should encourage the branding of Nigerian products by self-regulatory industry bodies such as wine makers have in France. ‘Made in Nigeria’ should become a badge of quality. As the quality of our goods and services improve, both local and international demand for them will increase.”
According to him, high local demand will give Nigerian producers the platform to explore the export market.
“There is no doubt that one of the fastest routes to grow our economy and to create jobs for our teeming population is by pursuing export-led growth. This strategy also holds high promise of adding to our foreign reserves and further stabilising the Naira.
“We are convinced that this is capable of delivering desired results and potentials for exports to increase foreign exchange earnings and shore up foreign reserves”, he added.
Nigeria, strongest economy in Africa — Adesina
Speaking after being conferred with the Fellowship of the NES, the President of African Development Bank (AfDB), Dr Akinwumi Adesina, dispelled the speculation that Nigeria was in debt crisis, insisting that Nigeria remained the strongest economy in Africa.
While admitting that Nigeria has a revenue problem, he, nonetheless, said the country was a very resilient one, with a very resilient economy.
According to him, this is why AfDB will continue to support its growth aspirations.
He applauded President Muhammadu Buhari for securing the country’s borders, noting that without secured borders, a country’s economy would not thrive.
With appreciable success recorded in the security sector, Dr Adesina said government should also give dedicated attention to the economy.

PATIENCE JONATHAN’S $15.5m: Ex-aide wants court to reverse companys’ guilty plea

noreply@blogger.com (Unknown) — Wed, 28 Sep 2016 11:41:00 -0700

PATIENCE JONATHAN’S $15.5m: Ex-aide wants court to reverse companys’ guilty plea.

By Innocent Anaba
Lagos— AN aide to former President Goodluck Jonathan, Waripamo-Owei Dudafa and one of his co-accused in an alleged $15.5 million fraud charge, Amajuoyi Briggs, yesterday, asked a Federal High Court sitting in Lagos to reverse the guilty plea entered into by four firms, who were charged along with them by the Economic and Financial Crimes Commission, EFCC.
The firms, Pluto Property and Investment Company Ltd, Seagate Property Development and Investment Company Limited, Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Company, pleaded guilty through their representatives.
They were represented by Friday Davies, Agbor Baro, Dioghowori Frederick and Taiwo Ebenezer respectively.
On resumption of yesterday’s proceedings, before Justice Babs Kuewumi, Dudafa’s lawyer, Gboyega Oyewole, informed the court that he has filed an application seeking to set aside the guilty plea of the companies.
Briggs’ lawyer, Tochukwu Onyiuke, also filed a similar application.
However, an argument ensued when the EFCC lawyer, Rotimi Oyedepo, said that the court should focus on the business of the day which is to review the facts of the case involving the four accused persons that had already pleaded guilty.
Oyedepo argued that the applications were in breach of Section 271(b) of Administration of Criminal Justice Act, ACJA and that it is only after the prosecution has reviewed the facts of the firms’ case that the court can intervene.
But the judge directed the defence lawyers to move their applications.
Oyewole in his application, argued that the application which was filed pursuant to Sections 274, 396, 477 and 478 of ACJA 2015 is seeking for an order setting aside the guilty plea of the representatives of the four firms for being a breach of judicial process.
He said the guilty plea was an abuse of the court process owing to the pendency of a suit filed by Mrs Patience Jonathan, against the EFCC, Dudafa, the four firms and Skye Bank, wherein she is laying claim to the ownership of the sum of $15.5 million, which the anti-graft agency claimed was laundered.
According to him, “the EFCC should have taken care of the issue of the person laying claim to the money before foisting a guilty plea on the court.”
Oyewole posited that one of the firms’ representatives, Taiwo Ebenezer, had also indicated in a statement that he has nothing to do with any firm, saying it was curious that that the same person can now come to plead guilty to an offence committed by a company he knows nothing about.
He maintained that he has a duty to file the application because it is a joint trial and that the guilty plea will definitely affect other defendants negatively.

BlackBerry to stop production of phones

noreply@blogger.com (Unknown) — Wed, 28 Sep 2016 11:36:00 -0700

BlackBerry to stop production of phones

BlackBerry announced Wednesday it would halt in-house production of smartphones, marking the end of an era for the once-dominant Canadian tech firm.
Ontario-based BlackBerry said it had reached a deal to outsource production of its phones to an Indonesian partner, and would instead concentrate on software and services.
Handsets with the BlackBerry name will be produced under license by PT Tiphone Mobile Indonesia Tbk, a statement by the firms said.
BlackBerry, which a decade ago was among the world’s largest smartphone makers, has seen its global market share slip to less than one percent as Apple and Android devices have dominated.
As the market shifted, BlackBerry has sought to refocus on software, including security applications, and the latest announcement takes the company out of the handset market entirely.
“We are reaching an inflection point with our strategy. Our financial foundation is strong, and our pivot to software is taking hold,” said chief executive John Chen, pointing to a doubling of software revenue in the last fiscal year.
“The company plans to end all internal hardware development and will outsource that function to partners. This allows us to reduce capital requirements and enhance return on invested capital.”
The Waterloo, Ontario-based company has made several efforts in recent years to find new customer niches as its smartphone handset sales continued to stagnate in the face of competition.
It had hoped its first Android-operating smartphone launched last year would help restore the company to its former glory.
But sales were lackluster.
Earlier this year, BlackBerry announced it was killing off its Classic smartphone with a physical keyboard — once the workhorse of the smartphone market — as part of a modernization of its lineup.
But the company has continued to bleed red, posting on Wednesday a US$372 million loss in its second quarter ending August 31.
Revenues also fell to US$334 million, from US$490 million during the same period last year. The company did not report details on its smartphone shipments.

– Rebooting BlackBerry –

Some analysts praised the decision to get out of smartphone sales, at a time when the worldwide smartphone market has turned relatively flat.
“The devices business has been a distraction for both BlackBerry and investors for a number of years now,” International Data Corporation analyst John Jackson told AFP.
The end is “good news,” he said, noting an uptick in BlackBerry’s stock price in morning trading.
Shares rose more than four percent to US$8.22 in New York at 11:00 am local time (1500 GMT). This price, however, remains far below a five-year high set in October 2011 of US$23.97.
Originally known as Research in Motion, the company introduced its first internet-connected devices in the early 2000s, and earned a dedicated following of “CrackBerry” addicts.
But its luster faded with the introduction of the iPhone in 2007 and the large number of low-costs Android handsets that followed.
By moving out of hardware, BlackBerry can focus on its various business services such as messaging, cybersecurity and tracking connected devices.
Jackson said the move “should help investors, BlackBerry customers, and the company itself focus squarely on the software and services business which is fiercely competitive in its own right, but also the business that BlackBerry has been in all along.”
However analyst Michael Walkley at Canaccord Genuity said the new strategy has risks as well.
“We believe the lowered focus on hardware could have an adverse impact on its installed base of loyal BlackBerry hardware customers, potentially switching to new software and security solutions on competing smartphones over time,” he said in a research note.

MRMC Acquisition Announcement

noreply@blogger.com (Unknown) — Mon, 26 Sep 2016 09:44:00 -0700

MRMC Acquisition Announcement

Mark Roberts Motion Control Ltd are proud to announce that Nikon Corporation of Japan and the shareholders of MRMC have come to an agreement whereby Nikon will acquire 100% of the shares of MRMC. Nikon’s purpose is to allow MRMC to continue to do well in its key traditional motion control equipment market for film and commercials, while rapidly growing its other vertical markets that need robotics. MRMC remains committed to providing the best motion control solutions for any application, while Nikon is keen to see how far it can help MRMC take robotics to new levels of excellence.

This was announced by Nikon on Monday 19 September at their Photokina press release and this is what they had to say about the purpose of the acquisition:

“MRMC design, develop and manufacture robotic solutions which enable remote and automatic capture for an extensive range of clients, from broadcast and film production through to product photography. With its award-winning technology, MRMC has established a strong reputation for engineering excellence within the motion control industry.

There is a growing demand within the imaging industry for automated solutions to provide unique perspectives and increased production efficiencies. Nikon will continue to strengthen MRMC's leading market position within the film and broadcast sectors. In addition, Nikon and MRMC aim to develop this new market further by utilizing MRMC's robotic motion control solution together with Nikon's imaging-related technologies and its broad sales channels.

Nikon believes this acquisition will lead its further expansion into new fields of imaging product solutions.”

MRMC has grown significantly over the past 5 years and had reached a point where new investment and the opportunity to open new markets had become an essential part of our expansion plans. We have worked closely with Nikon UK since the 2012 Olympic Games and the two companies have grown close.

Assaff Rawner is continuing in his role as CEO of MRMC, and had this to say about the acquisition:

“Nikon is the perfect partner for us. We have cooperated closely for years, most recently at the Rio Olympics. We are extremely excited about the global opportunities that this partnership brings us in all aspects of robotics in imaging. The acquisition will ensure the continued strengthening of MRMC’s position as the No. 1 automated imaging and motion control supplier in the world.”

MRMC is continuing the development, manufacture and service of all aspects of its robotics business, from film & commercial rigs to broadcast solutions, product photography for e-commerce and archiving and of course equipment rental, all from its premises in Surrey.

''SALE OF ASSETS… THE ‘FORS’ HAVING IT?''

noreply@blogger.com (Unknown) — Mon, 26 Sep 2016 07:45:00 -0700

''SALE OF ASSETS… THE ‘FORS’ HAVING IT?''
Aliko Dangote, Africa’s richest man, effectively started the debate by calling on the federal government to sell its stake in the Nigeria Liquified Natural Gas Limited (NLNG) to shore up foreign reserves.
Support promptly came from many national figures while several others are vehemently kicking against it.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), technically endorsed the sale of some national assets by saying, “In the short run, we can sell assets” just as he reiterated the fact that there was a need for “government to scale down or sell off some of its investments in oil and gas, particularly in the NNPC and NLNG as at that time when the price of oil was around $50-$55 per barrel”.
At present, prominent individuals harping on the matter, have leaned in the following manner:
Muhammadu Sanusi, emir of Kano – For
Godwin Emefiele – For
Bukola Saraki, senate president – For
Aliko Dangote – For
State governors – For
NLC – Against
Femi Falana, senior advocate of Nigeria – Against
Ike Ekweremadu, deputy senate president – Against
Shehu Sani, APC senator – Against
-------------------------------------------------------------------------------------------
Hmmmmmmmmmmmmmmmmmmmmmmmmm!!!
Where do you stand???

The Minister of finance has left alot of people confused

noreply@blogger.com (Unknown) — Mon, 26 Sep 2016 07:36:00 -0700

The Minister of finance has left alot of people confused with her thoughts on the Recession:
1. September 16th 2016 Nigeria will come out of recession soon.....Min. of Finance (PUNCH Newspaper)

2. September 19th 2016 (three days after): We are already coming out of recession.....Min. of finance (THE CABLE)
3. September 26th 2016 (after 7 days) I can’t predict when recession’ll end.....Min. of Finance (PUNCH)
Hmmmmmmmmmmmmmmmmmmmm!!!
What is going on here???

Ominet Pictures Motion Profile

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Hon Abdulmumin Jibrin writes House of Rep Speaker, an explosive letter

noreply@blogger.com (Unknown) — Sat, 24 Sep 2016 03:53:00 -0700

Hon Abdulmumin Jibrin writes House of Rep Speaker, an explosive letter

September 22, 2016

Hon Yakubu Dogara
The Speaker,
House of Representatives,
National Assembly,
Abuja.

Dear Mr. Speaker,

SEARCH YOUR CONSCIENCE BEFORE YOU DESTROY THE HOUSE OF REPRESENTATIVES

I write you this letter to express the deep agony and pains that overwhelmed me when I watched a person with soiled reputation preside over the House sitting on Wednesday.

It was another bout of mental torment when I watched you taking advantage of the office of the Speaker and publicity inherent to vomit all sort of lies in a desperate bid to attract public sympathy, paint me in bad light and use the institution of the House to cover the fraud you perpetrated in the 2016 budget and other monumental corrupt practices.

It is therefore no surprise that rather than address the allegations of budget fraud and corruption I specifically leveled against you, 3 Principal officers and a few other members (not the entire House), and open it up for discussion if you have nothing to hide, you embarked on a wild goose chase.

Every right-thinking person knows that you were acting a shameful script by referring the matter to the Ethics Committee so that you can conveniently be a judge in your own case. You didn't even refer the allegations against you to the Ethics Committee but rather chose to refer a so-called "breach of privilege of members" in a clear attempt to force members to carry your cross through a well-orchestrated blackmail.

To hide a lie, a saying goes, a thousand more lies are needed. Contrary to what you said in your speech, where you recklessly quoted TS Elliot, your so called maturity and silence during the last two months were simply because you are guilty as charged. And you know too well you are!

In any case, you are aware the privilege of a member does not accord him or her immunity to being exposed if involved in corrupt practices. And if exposing budget fraud and corruption amounts to misconduct, then prepare for even the worst misconduct in the next few days.

You have successfully dragged 360 members into an offense committed by you and a few others. In the next few days, members will have to decide whether they are with you or with millions of conscientious Nigerians. No action that symbolizes corruption than standing with an embodiment of corruption.

Mr Speaker, I was taken aback when I heard on good authority that you were boasting that Nigerians will soon forget, and I will be left alone. Smiling sheepishly, my mind made an instant flashback, reflecting the struggle and sacrifice we made to make you what you are today. I then wondered how you forget the stuff I am made of and the courage of my conviction so easily. I conclude you underestimated how resolute I could be to champion a cause I believe in or stay on the side of the truth. My conscience is the guiding torch of behavior, you need to be reminded.

Mr Speaker, it was a shameless act to behold seeing you hitting the gavel and asking that investigation of such weighty allegations be conducted and report submitted back to you within one week. Just imagine that after the petitions I submitted against you, Mr President directed the anti graft agencies to conduct investigation and submit report within one week. You would have been shouting foul play all over. Even with the civilized approach of the anti-graft agencies you still went on air to say they cannot investigate or prosecute you. You have refused to appear before the anti-graft agencies despite pressure from the general public for you to go and clear your name.

Mr. Speaker, it is dismaying to note that the House is already sitting on a keg of gunpowder. Let's see if history will repeat itself or history will be made. In any case, if we look at the history of the House, where are the accused and where are the accusers today? Who laughed last? Once you stick to the truth, God will be with you! You might force your illegal suspension on me, but I care less because I have optimism that most of you will go to jail.

In your speech, you called on the Government to take responsibility for the recession. It is leaders like you who steal public money front, back and center and abuse their offices that destroyed our economy and brought us down to ground zero that should take responsibility.

Your call on Mr President to address a joint sitting is a desperate bid to use the unblemished reputation of Mr President to shore up your battered reputation and credibility. I cannot make decision for the President, but If I were the President, I will simply relate with you with a long spoon because of the irritating and stinking reputation you have earned.

You know very well that while you presided over the House on Wednesday, most Nigerians and those of us that didn't put on the #iStandWithCorruption mufflers didn't see a Speaker in you. We saw a fraudster, a rogue and a criminal who has become a disgrace to the institution of the House. Why are you afraid to open up the matter for discussion? Why do you find it too much a sacrifice for the country to step down and allow for a free and fair investigation to save the image of the House? It is clear you will do anything to hold on to power even on the alter of blackmailing your colleagues. It will be tragic if the House condones a situation where some few corrupt members will commit offense, and then use the institution of the House as a shield to evade justice. This is the script you are trying to implement. I assure you we will do everything within the precinct of our powers so that the corrupt members like you will be fished out and dealt with to preserve the sanctity of the institution.

On a final note, I have the following posers for you: Did you consult your colleagues when you and the 3 other principal officers stole our 40 billion? Or when you diverted federal governments projects to your farm? Who did you consult when you inserted fraudulent projects worth about 20billion naira into the budget? Didn't you and members of your cabal go solo when you inserted about 2000 projects worth 284 billion naira into the budget, or when you manipulated the house rules and inserted draconian clauses, a House rule you continue to use despite the fact that it is a subject of litigation? What about the way you abused trust in the 2015 SDG? Or how you tried to force me to fraudulently insert projects worth about 30 billion naira in the budget? Can you explain how you absconded with 20% of inputs meant for the House after the harmonization? How about cutting a chunk off members' emoluments for rent of houses and guest houses? Why did you refuse to circulate copies of the internal budget of the House? How about mismanaging finances of the House through questionable procurements? How about trying to use running cost of members for a fraudulent mortgage and many more?

Mr Speaker these are the allegations against you. All members of the House are aware that I have raised these allegations, and whether they act on it or not Nigerians are watching. But what remains clear is that you have become a lameduck Speaker who is vulnerable and cannot walk with his head high. Do you expect all these allegations to be swept under the carpet? You have neither attempted nor addressed these allegations but you move around freely and try to keep a bold face. Do you really love this country? Do you really love the House or care about its image? Search your conscience, make a soul-searching and do the right thing by stepping down with the 3 others to allow for a free, fair and unbiased investigation in collaboration with the ongoing external investigation.

The House is an institution that always stand for justice, equity and fairness. How damaging will it be when the House can not deal with issues of internal corruption in a transparent manner? With a situation like this and moreso with a rotten head, who do you expect to take the House serious? How do you oversight or investigate others? You have made the House a laughing stock. You think Nigerians are fools? Try for once to look beyond the muffler-adorning members and listen to the voices of 200 million Nigerians. If you succeed in blackmailing your colleagues, you cannot blackmail Nigerians. Let's not take the patience of Nigerians for granted.

When Francis Fukuyama wrote the book The End of History and the Last Man in 1992, he was not saying the world has come to an end but simply indicating the emergence of the last and final world order. What happened yesterday on the floor of the House was just the end of another beginning. The emergence of a struggle to establish a new order in the House of Representatives that will expose and deal with all forms of corruption both systemic and individual.

Mr Speaker, this struggle is like the rising sun, it is unstoppable. There is nothing you can do on earth to stop it. No amount of lobbying, legislative antics or blackmail of members of the House, Senate, Executive arm or individuals outside the House can help you and your cabal of few corrupt members. The day of reckoning is so close.

We all know you blackmailed members to get support and wear mufflers in a show of shame to celebrate you due to the abundance of systemic corruption (which people like you instituted) in the House that makes many members vulnerable and dependent. To you it was a "smart" move. You just want the entire House to go down with you because you know I will pull the trigger. It is gladdening that some courageous members defied your blackmail and rose to the occasion. History will be kind to them.

History will remember you as the Speaker who brought down and endanger the reputation of the House through budget fraud and monumental corruption. The House must embrace reforms. It is a reform you have lost the moral ground to superintend. How on earth a person like you who committed the biggest budget fraud in the history of the House will supervise budget reforms? It is time you woke up from your dream and embrace reality. The time has come, Whether you like it or not, justice will be served on you, Lasun, Doguwa and Ogor.

God bless Nigeria.

Yours in service to the nation,

Hon Abdulmumin Jibrin PhD MBA

APC-Kano
Kiru-Bebeji Federal Constituency
Kano

How Nigerians Can Survive Economic Recession,

noreply@blogger.com (Unknown) — Thu, 22 Sep 2016 07:56:00 -0700

How Nigerians Can Survive Economic Recession,

According to recent report by Nigerian Bureau of Statistics, NBS, the Nigerian economy is officially in recession.

Whether the Minister of Finance, Kemi Adeosun, believes that recession is only a word or not, the prices of goods and services, staple foods; groceries, cosmetics and others, have gone up by 50% to 100% leaving the ordinary Nigerian, who can barely feed completely, oblivious as to where the President Muhammadu Buhari’s government is headed, and is doing to alleviate the sufferings of the populace.

Here are tips on how we can cheat the recession without filling the full impact of the economic emergency.

CUT EATING OUT

With staple food like a mudu of rice now going between N600 – N700 (a bag of rice at N24000 from N11, 000) and a basket of tomatoes now at N800, eating out especially at exotic restaurants like Aunty Ajobi, Wakis, KFC, Dominos among others will automatically become a luxury.

So if you previously spend a large chunk of money on eating out and on leisure, it is best you consider cooking at home now and also find inexpensive ways of relaxation because it’s more economical. However, there are still places to eat out on a low budget as low as N300–N500 since N500 cannot make you a pot of soup.

With N500, you can comfortably eat a plate of rice and chicken at Chicken Republic. You can also use hygienic road side Restaurants (mama put) to eat good food at an affordable cost. Live within your means by cutting costs in every possible way.

PUT YOUR TALENT TO WORK

If you can sew, make furniture, bake, build or make music. This is the time to put your talent to work, because that might provide your meal ticket. This is a wake-up call for everyone particularly the youths to bring the best version of themselves to the table.

PLAN YOUR TRIP AHEAD OF TIME

“EVERYONE MUST NOT TRAVEL BY AIR”

With some local and international Airlines folding up in the country and the cost of air travel now at an all time high, it is best to plan your trip ahead of time. Before now, a one way ticket to Lagos cost N8, 000- N10, 000 when you book online ahead of time. Ordinary Nigerians could afford it but the case is different today. You may now have to spend not less than N60, 000 for a one way ticket to Lagos.

Since air travel has become hot cake for only the crème de la crème, why not go by road? Safety credible transport companies like ABC transport, the Lord is Good motors and Big Joe, have comfortable coaches that Ply almost all the routes in the country at affordable cost of N7000 – N8000 or less.

CUT OUT ON HUMAN HAIRS AND EXPENSIVE COSMETICS

About 75 percent of Nigerian women spend huge sums of money to enhance their beauty. Be it on cosmetics or buying human hairs which cost between N40, 000 – N100, 000 depending on the inches and brand.

There is no more money for extravaganza, so instead of Brazilian, and Peruvian hairs, why not braid your hair with attachment or extension (which by the way is more durable) in this times.

GET A SMALLER APARTMENT

Nigerians are losing their daily livelihood. Salaries have been cut down, and costs of commodities on the rise. This means you can no longer afford that big house and maintain the Mercedes. Everybody must not live in the heart of the city.

If you don’t own your own home, move to a more affordable house or change your environment to cut your spending on your annual rent.

It is advisable to live within your income and save as much as you can no matter how small.

These should help during the rainy days.

Naira to begin recovery next week

noreply@blogger.com (Unknown) — Thu, 22 Sep 2016 07:50:00 -0700

Click here to read about Naira to begin Recovery next week

Dino Mrlaye Ekweremadu others Abandon Saraki

noreply@blogger.com (Unknown) — Thu, 22 Sep 2016 07:44:00 -0700

Nigerians In Total Shock As Dino Melaye, Ekweremadu, Others Abandon Saraki | Post-Nigeria

Barely 24 hours after the Senate reconvened and recommended that the Federal Government sells some of its ‘National Assets’ to raise funds as one of the ways to bring the country’s economy out of the woods, some Senators have disagreed with the position.

Senate President, Bukola Saraki, had while addressing plenary on Tuesday, September 20, listed measures to be taken by the executive to turn the economy around.

One of the recommendations was the sale of some of the countries assets, including the Nigeria Liquefied Natural Gas, NLNG, Holdings, sale of government’s stakes in the African Finance Corporation and the privatization and concession of major/regional Airports and Refineries.

In reaction, on Thursday, September 22, some of the Senators averred that no country ever sold its assets as a way out of economic recession.

Deputy Senate President, Ike Ekweremadu, led the pack of Senators who argued that sale of National Assets was not the way out.

He cited an example of the United Arab Emirates, UAE, which according to him, “does not even allow you close to oil wells, let alone sell them.”

“For a country like Saudi Arabia, its budget each year is run by investments from oil revenue. Other countries are investing; I am sure we will not be fair to the next generation if we sell off our assets. If we must sell, we have to sell the non-performing assets so that people can turn them around and create employment,” Ekweremadu added.

He also called on Buhari to re-jig his cabinet by putting square pegs in square holes, especially in the area of economic management.

Ekweremadu, identified the duo of the Minister of Budget and Planning, Udoma Udo Udoma, and his counterpart in the Ministry of Finance, Mrs Kemi Adeosun, as knowledgeable people, but maintained that they are unfit for their current positions, given their professional backgrounds.

Also Speaking, Senator George Akume cautioned those making calls for sale of assets. He said rather than opt for sale of National assets, the country should focus on recovering stolen funds.

“If we want to sell our oil assets at this time when the price of oil crashed, how much are we going to realise? We are making a mistake here; what we are doing is to ensure that those who are within the bracket of the stolen dollars will still come to buy,” he pointed out.

He suggested industrialization through Agriculture as one way out, and also advocated the review of the revenue sharing formula to encourage savings, saying states should not insist on sharing revenue.

On his part, Senator Dino Melaye called for the sack of non-performing Ministers. He outrightly called for the sack the two Ministers handling the financial sector Adeosun and Udoma.

He also proffered attracting Foreign Direct Investments, blocking leakages, pacifying Niger Delta Avengers and banning some food and clothing imports, as solutions to ending the current economic crisis.

Earlier, the Senate Leader, Senator Mohammed Ali Ndume, who opened the discussion by giving his colleagues a general overview of the situation, said the current recession was not peculiar to Nigeria, adding that the country is just one of the 15 oil-dependent countries of the world experiencing same.

“This is a global phenomenon that is not only affecting our country but all countries dependent on oil,” Ndume said, even as he blamed the immediate past government for the economic crisis, by not leaving anything behind in the nation’s reserves.

Know Your Limits

noreply@blogger.com (Unknown) — Thu, 22 Sep 2016 07:27:00 -0700

Know your Limit

Memorise: For I say, through the grace given unto me, to every man that is among you, not to think of himself more highly than he ought to think; but to think soberly, according as God hath dealt to every man the measure of faith. – Romans 12:3

Read: Romans 12:3-10 (KJV)

3 For I say, through the grace given unto me, to every man that is among you, not to think of himself more highly than he ought to think; but to think soberly, according as God hath dealt to every man the measure of faith.

4 For as we have many members in one body, and all members have not the same office:

5 So we, being many, are one body in Christ, and every one members one of another.

6 Having then gifts differing according to the grace that is given to us, whether prophecy, let us prophesy according to the proportion of faith;

7 Or ministry, let us wait on our ministering: or he that teacheth, on teaching;

8 Or he that exhorteth, on exhortation: he that giveth, let him do it with simplicity; he that ruleth, with diligence; he that sheweth mercy, with cheerfulness.

9 Let love be without dissimulation. Abhor that which is evil; cleave to that which is good.

10 Be kindly affectioned one to another with brotherly love; in honour preferring one another;

Bible in One Year: Jeremiah 52, Psalms 62

MESSAGE:

The common saying that no man is an Island comes to play in a very strong way here. The meaning of the title ‘Know Your Limit’ as explained in the memory verse for today can only be properly understood in the light of Biblical doctrine. Theology is a big word that simply means the study of God; it is an indispensable part of spiritual learning. Divine truths are closely related to each other, and cannot be viewed in their right proportions or taught rightly except in their mutual connection. God inspired several individuals in the writing of the Bible, there is no book of the Bible that is complete in itself, each one depends on others to give complete knowledge of any aspect of Biblical Doctrine. Some tell the beginning, while others tell the middle or tail end of the story. For example, the doctrine of salvation, baptism, communion, divine healing, sin and the second coming of Jesus, cannot be fully understood by reading any one book of the Bible. This is the reason why 1 Corinthians 2:13 says:

“Which things also we speak, not in the words which man's wisdom teacheth, but which the Holy Ghost teacheth; comparing spiritual things with spiritual.”

Therefore, in order for us to remain in tune with the Holy Ghost, we as Christians must be conscious of our limitations as human beings. First, we only know in part, our knowledge of anything is at best partial or subjective and dependent on available information. We must therefore acknowledge the general human limitations and our individual limitations in accordance with the mighty knowledge of God. This is the only way to remain humble and teachable, the only way to focus on the Spirit of the Word always, rather than the letter which kills (2 Corinthians 3:6)

This is the only way to be “approved unto God” and to “rightly divide the word of truth.” Note that the study of any particular Bible truth in isolation, without considering its relations to other Bible truths, is a common cause of narrowness which frequently produces heresy.

Prayer Point: Father, please help me to know my limits and be focused on the spirit in Jesus’ name.

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i am still that poet.my works are still on the way.