Browsing: Nigeria

Warren Buffet prioritised the importance of savings over meeting daily wants and expenses in the following words, “do not save what is left after spending, but spend what is left after savings.”

In preparation for that, the FG set some targets for expansion in automated payment infrastructure and platforms. This includes achieving 203.6 ATM units and 856 POS units per 100,000 adult population by 2020 among other targets.

“Look at what has happened to us in England. In one fell swoop, seven of our sons were elected into the British Parliament, an unprecedented feat in the history of democracy anywhere in the world . The following week, England won the Under -21 World Cup with the assistance of five young men of Nigerian descent.”

A number of persons including Nigerians themselves are oblivious of the multitude of efforts, sacrifice and contributions that Nigeria has been making in safeguarding and elevating many countries especially in Africa.

5.7 billion USD is a huge amount of money. That’s about 2 trillion naira or 20 – 25% of Nigeria’s annual budget. Imagine investing that huge amount in roads infrastructure, education, healthcare and water, projects that will yield immediate benefits and without having to wait for 6 – 10 years to complete?

In a country where the presidency still maintains a fleet of private jets, where lawmakers budget billions of naira to buy luxury cars and where tales of official profligacy travel far and wide, it is difficult to convince Nigerians that this new VAT increase and other austerity measures are not merely attempts by the government to force poor Nigerians to service the luxuries of public officials.

As part of the measures to practically correct the anomaly, there is need for the government to provide strict rules and regulation that will guide the system.

A larger percentage of Nigerians living a better life are the ones who left the shores of the country. Our leaders are not left out as they seek medical help abroad while their children also reside and study outside the country. The foreign embassies in Nigeria are filled with our citizens knocking the door of other countries.

It was therefore a heartbreak when father received a call from one of the villagers that our farm has been ruined by herdsmen and their cattle. The herdsmen fed on some while their cattle threaded on the rest.

It is no longer news that Nigeria is known all around the world for fraud. The country has a very bad reputation for crime and corruption with the accusing finger pointed towards the Nigerian leaders. Internet fraud among other crimes such as human trafficking, kidnap, pipeline vandalism, terrorism, and so on has ‘looting’ by the Nigerian leaders as the main cause.