Friday, November 29, 2024
The Tinubu 18th state: Emerging Nigeria Economy Prosperities
Shifting the immoral tendency to the abysmal, correcting the status quo, and jotting off every bewitching thinking cum attitude into the oblivion can never incur curse; however to be adamant of the immoral has been an effaced curse of death. Tinubu, in his eddy of politics thinking, might want that metaphorical mirror. Debts from borrowing cannot be a stubborn deceptive avenue to encroach us with the sentient and historically finicky EFCC. Now that the state is of savings: The three National National Economic Objectives must be utilized via the three savings avenues to generate economy liberty for the populace by ensonning us not enslaving us. Utilizing effectively the savings avenues does not amount to any careless spendings of the misplaced priorities which characterized this presidential inception. The platform concepts are really set innovatively for the three economic objectives - spendings channeling towards the three ought to be robust investments despite in forms of spending. For a guttural example: spending on education by subsidizing education to materialize a free education system will, in returns, generate an economy prosperity for Nigeria via producing well-educated entrepreneurs who could serve as unraddled leverage for the nation in term of job creation - sufficient employment - and at the same time tax incomes which will be generated from the surplus entrepreneuship aided by the free education which will be turning up the mainstream capitalism: a cachet of avenue to generate revenue instead of the over-dependence on the oil which makes other crucial areas of revenue generations impotent and thus makes the bevy of masses poorer due to the greedy and selfish attitudes from the presidency - 'omnibus jobs' promise of lie ere his subsidy removal has amounted to labile inflation. 'Nigerian development could be attained only by remaining in the system of world capitalism.' - Yakubu Gowon. The bill reduction objective will be the nearest advantageous one because of the savings availability. The cursory savings will boost sensibly a confident stride to reduce pragmatically the domestic tariffs, knowing that if the tariffs are reduced for the Nigerians - the today savings will cushion effects for PHCN to TV subscriptions and the internet, not only those: advert and signs taxes, housing, private school, and commercial rent tariffs will absolutely come to the minimal because of the utilized results of the today savings. For the state governments will be as well allocated onto to ease some taxes as the radical Senate have commenced the bill passage this week for the people's liberty. The PHCN and other federal or state parastatals will join the bill reduction objective regime because the present savings will coverup for them not to lose any parastatal gains they previously enjoined. The bill reduction policy will also attract the extricated entrepreneurs to bud more, later aiding the national economy prosperity due to the local content upgrade. Adam Smith has once delineated briefly on this: 'It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.' The policy is of hardwork then, not the supine, just because the bills have been reduced historically. The youths should have listened to the word 'labour', and the government officials must have, in a friendly proportion, listened to the 'gold' and stop the moot sentiments of setting mindsets which were once of aberrations on the country's gold and 'silver' afterall they are not hustling athletes in the Olympic games. The popular syncretism of corruptions should be of temporal oblivion at this high time of choosing the green truism which can absolutely liberate the nation Nigeria which its greedy president - constitutionally not de facto - has been denigrated to accept we all engage in the ironic savings for the three objectives. The fuel reduction objective, this is the mostly crucial solution to solve inflation in Nigeria. A touch increases the fuel prices would apparently and pragmatically scrabble every market price as we can all experience now. We Nigerians, could have, as a nation, solved this peculiar challenge from the oil-boom past if diversification had been enshrined in this country's economy, and if the all-eye-seen greed to embezzle from the oil had been written off as one could discern recentty from court remanding Yahaya Bello in the alleged N110.4 billion fraud case! However now the rich and the poor are purchasing indistinctively in the filling station at the same all-time-increasing prices. We need to tax the rich to pay the poor to compose a cappella economy prosperity for a nation. The Nigerian Honourable Senate will be teaming with this green platform legislatively. We are not setting up nationally special filling stations for the poor however decapitating the fuel price hikes will make the distinction. Awolowo said it earlier: 'The rich and the highly-placed in business, public life and government, are running dreadfully in their callous neglect of the poor and the down-trodden'. If this oil greed is not eschewed by the Broom, thus creating this hungry inflation, the didactic Umbrella might pick Dariye/Ibori ticket in the next presidential election [just two years to come] and the duo might win the bid anyway! You do not need any psephology to smile at that with this Tinubu callous handling his own gaunty broom! No Nigerian will snivel for Tinubu regarding that. A paradigm shift from greed and undiversification will ever make Nigerians efficient at the filling stations - before that time: the today saving must boost a loyal confidence from the federal government to reduce the fuel prices now because the savings serve as revenue - though to be later as well earned from diversification - boosting fuel price reductions. NNPCL will benefit from this policy, of course, because the new refinery and the to-be-completed refineries will proportionally remove the subsidy bottlenecks via the NNPCL being financed from the ironic savings. If the popular fuel hikes have been to generate revenue without the previous Eagle Square deceit, the same savings must be the said stride also to reduce the fuel prices. My fellow Nigerians should know that in this great trial of hunger and affliction of their joy of savings, and their deep poverty from Tinubu's greed the same Nigerians will abound unto the riches of their historic liberty therefore they should, in holistic unity, not expect egunje from any party secretariats however mutual solidarity of adoption of economy liberty for all Nigerians. We all know, true freedom comes from expression.
Thursday, November 28, 2024
Tuesday, November 26, 2024
At last, Port Harcourt refinery begins production
After several postponements, the Port Harcourt refinery has commenced fuel production.
The Nigerian National Petroleum Company Limited confirmed this to our correspondent at JAWASI on Tuesday.
NNPCL spokesperson, Olufemi Soneye, said the loading of trucks would start today.
States tackle NNPCL over extra N1tn subsidy payment
The Nigerian National Petroleum Company Limited [Group CEO, NNPCL, Mele Kyari, above] has requested an additional subsidy refund of N1.19 trillion for July 2024, citing exchange rate differentials on Premium Motor Spirit importation and joint venture taxes, according to findings by JAWASI.
But state governments tackled the national oil company over the latest request, as they raised concerns over NNPCL’s accounting practices.
These findings were based on the Federation Account Allocation Committee Postmortem Sub-Committee report for September 2024, which was obtained by JAWASI on Monday.
The report revealed that exchange rate differentials stood at N4.56tn as of June 2024 (due to under-recovery on petrol imports between August 2023 and June 2024), but this figure increased to N5.31tn by July 2024.
Saturday, November 23, 2024
20.8% of Nigerian households borrow food to eat – NBS report
The National Bureau of Statistics has disclosed that 20.8 per cent of Nigerian households resorted to borrowing food or seeking help from friends and relatives to survive over the past 30 days.
This finding is contained in the General Household Survey-Panel Wave 5 (2023/2024), supported by the World Bank. It reveals the grim state of food insecurity across the country.
According to the report, 65.8 per cent of households were unable to afford healthy, nutritious, or preferred meals due to financial difficulties, while 63.8 per cent relied on a limited variety of foods.
A further 62.4 per cent of households admitted to being anxious about running out of food, with 60.5 per cent saying they ate less than they should.
Alarmingly, 12.3 per cent reported that at least, one member of their household went an entire day without food. - Are they going to distribute the money from the open-lie governmet debts street by stret?
N’Assembly under fire as Nigeria’s debt hits N138tn
The National Assembly has been slammed over the speedy approval of loan requests presented by President Bola Tinubu.
Experts warned that the continuous plunge of the country into debt without scrutiny could put the country into serious trouble.
Both the House of Representatives and the Senate gave expeditious approval for the $2.2bn (N1.767tn) loan request barely 48 hours after President Tinubu made the request.
The approval followed the presentation of a report by the Chairman of the Senate Committee on Local and Foreign Debts, Aliyu Wamakko (APC, Sokoto North), during plenary.
Tinubu explained that the loan was integral to his administration’s fiscal strategy for the coming year, in a letter read during Tuesday’s Senate and House of Representatives plenaries - The 'administration’s fiscal strategy' but not physical as the undevourable-greedily savings!
Friday, November 22, 2024
Thursday, November 21, 2024
Nominating... The Global Christmas Concert
Perfect - Ed Sheeran
Safety - DJ Snake and GASHI
Great Change - Sonny Okosun
Set Me Free - Oliver Heldens
It Took A Miracle - Marcus Garvey
Wednesday, November 13, 2024
Monday, November 11, 2024
Happy birthday!
Namibia vs cameroon 2pm on Wednesday @ Orlando Stadium (Johannesburg) | Jawasi Music of The Month after the match
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