Electricity prices will take a leap, not necessarily of faith, on June 1, 2012 as government is saying we need that to attract investors. Now that is faith which is an evidence of things not seen as I haven’t seen anything this government, and the ones before, have done even when they tell us to [...]
There is no better time to get your business online than now. Nigeria is rapidly embracing the internet for business and if you have read the previous article on why you need get your business online, you would have known about the multitude of inherent benefits. Despite the opportunities, it still makes sense to proceed [...]
It would be interesting to know how most Nigerian businesses have survived without having websites so far. But then the reasons are not farfetched. Internet penetration in Nigeria used to be very low, so low that years before now the only way you could send an email, even business correspondences with sensitive information, would be [...]
Nothing beats free, at least that is what some wise sage said some time ago. Why he said that I wouldn’t even know. I don’t even know if “a stolen bread tastes better” came before that but I can assure you that is somewhere in the bible (Proverbs 9:17). The gist is that you can [...]
The Cashless Initiative should rocket the economy of Nigeria to greater heights. That was the plan. Picture the Nigerian economy precariously strapped to the back of a badass rocket standing ramrod straight in the sweltering sun. Yes, the sun in Lagos is something else. Then the CBN Governor steps forward gallantly to light the rocket [...]
HOUSE OF REPS FUEL SUBSIDY PROBE: Farouk Lawan: What is Nigeria’s daily fuel consumption? Diezani: 52million Liters NNPC: 35m liters DPR: 43m liters PPPRA: 24M liters Okonjo: 40M liters Farouk Lawan: What was the subsidy for 2011? Dieziani: 1.4Trillion Okonjo: 1.3Trillion CBN: 1.7Trillion Farouk Lawan: Can we have the KPMG REPORT? Okonjo: I have to [...]
The recently (and sadly) aborted subsidy strike has brought to fore how expensive (or is it wasteful) our government is – check this out: Government is budgeting for the following: PURCHASE OF COMPUTER & ACCESSORIES: (I). 90 HP DESKTOPS @ N300,000 = N27,000,000; (II). 20 HP PRINTERS @ N150,000 =N3,000,000; (III). 60 NOS. UPS @ [...]
Subsidy removal is the latest front burner of public discourse in Nigeria today and there is no shortage of facts to back either argument. Too bad many of these arguments ain’t backed by reality. I have mashed data from World Bank and CIA Fact book about the average price of a liter of gasoline across [...]
I have been able to get two rare gems: The Nigerian constitutions for 1951 and 1954. They are the the 5th and 6th in our collection of Nigeria’s constitutions. The Nigerian Constitution: 1951 The Nigerian Constitution: 1954 The Nigerian Constitution: 1960 The Nigerian Constitution: 1979 The Nigerian Constitution: 1989 The Nigerian Constitution: 1999 Question: How [...]
The pressure on Naira has been enormous of late. An ant hauling Jumbo the Elephant across the Lagos Lagoon on its back wouldn’t have suffered a worse fate. Any nation that imports more than it ships out would always have to contend with issues like this. But the dependence on imports for Nigeria has gone [...]