Funke Adejumo .. The seeds, the planting and the harvest … All the Pros and the Cons
Still on Nigeria Air …. Let us connect the dots and draw the lines!
I am not saying it is a scam, Nigerians cannot be scammed.
I am not saying it is not a scam, PMB may not be aware.
I am only saying that “what we know about what exists” and “what we do not know about what does not exist”, …. may tend towards the usual and now perfected privatization scam
Remember how we ended up with NITEL, TRANSCORP, GENCOs and DISCOs? We were scammed! (more…)
Sadly, we, and government in particular, often conflagrate the establishment of a single firm with the development of a sector.
No doubt Aviation is an important part of the transport mix.
However, it is not a priority in an economy where trunk and feeder roads are impassable, the bulk of the railway system is moribund and waterways not navigable.
Our transport mix must first ensure we can move onions out of Kebbi, Rice out of Badeggi, fruit out on Vandeikya, Yams from Otukpo, Tomatoes from Kano, Palm Oil from Ohambele and so on, this is more useful to the economy than airlifting relatively elite passengers between cities such as Abuja, Porth Harcourt and Lagos. Aviation is important just not a biting priority for limited government funds. (more…)
Many friends and associates have been tagging me up and down on social media, that the promoters of the Airline-in-formation were not smart enough to pre-register their digital asset, and that some smart-alec registered nigeriaair.ng, nigeriaair.com.ng and all its variants, and is offering it for sale at N48m or more .
You see, .ng a Country-Code Top Level Domain(ccTLD) and the rules are different from a Generic Top level Domain (gTLD) such as .com.
The issues and options, for those who are curious …
I think we should put Prof Ishaq Oloyede in Charge of three agencies just like Babatunde Fashola. I have in mind … JAMB, FAAN and NCAA.
1. JAMB 2017 Revenue – N12Bn
2. FAAN 2017 Pax Charges – N38Bn
3. NCAA 2017 Landing and Parking fees – ??? Should not be less than 40Bn. 12.8m passangers in 2017, each paying N3,000 (Look at your flight tickets, its there), but it seems that money is disappearing oooo.
We also have …
4. Nigeria Ports Authority – N0.3Tn
5. VAT Revenue – N0.96Tn
6. Customs Revenue – N1.0Tn
7. Income Tax Revenue – N4.0Tn
8. 2017 Oil Revenue – N7.3Tn
I have Totaled in excess of N13.5Tn.
Congratulations to the Government of PMB for the progress made in securing the barn, but I am still trying to wrap my hands around where the money is going, considering the fact that the budget is less than 8Tn.
IS Nigeria broke or not? If it is broke, do you know why?
Tell me if you do.
A couple of these killers in Nigeria are cattle Rustlers.
If I had the opportunity to advise the President on the use of ICT to stop these killings, I will propose that we brand cattle with easily identifiable numbers, then later tag them with some RFID technology, but soonest.
In essence, a National Cattle Database. This will equip the police, Vet officials and those who need to know, the means of identifying stolen cattle just like you can now identify fake drugs.
Rustling will reduce extensively, we will be able to create and enforce some form of cattle tax, and probably open a more meaningful dialog for cattle ranching. We will have solved many problems, taking a very small step to start.
We must be pragmatic and stop sulking. We should not under-estimate the economic importance of cattle and its influence on the current level of conflicts in Nigeria today.
Go ahead, tell the President, Thank me later!
I finally tested Quikcash today, and can report how it works, for those of you out there who do not know. Just go through my notes here, to have an idea.
Quikcash is an instant Cash loan application that does not need data to run on your mobile phone. Think of it, as your lender of last resort. (more…)
The Nigeria Communications Commission has finally agreed that it is indeed women who carry pregnancies, and not men. How else can you explain the volte-face on call masking and call refiling? (more…)