Funke Adejumo .. The seeds, the planting and the harvest … All the Pros and the Cons
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Nigeria Air and the ancient scam
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…)
Nigeria Air: Not another Airline, but develop the sector
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…)
The United States of Israeli West-Africa
I woke up to a very Interesting perspective on the “taming of the shrew” and the various diplomatic blunders and brohaha around Naija and the American Embassy in Jerusalem.
As a secular nation, there is no doubt that we are deeply divided along ethnic and religious lines, with deep social, economic and political interests at play.
A couple of issues to tie together the matters, for those who have the time and responsibility to dig deep into the afflictions of Nigeria.
Money, Naija Money everywhere, not enough to spend.
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.
[1] https://www.pressreader.com/nigeria/thisday/20180314/281663960530622
[2] https://www.premiumtimesng.com/news/more-news/254217-jamb-generated-n12-billion-2017-oloyede.html
[4] http://punchng.com/npa-declares-n300bn-revenue-for-2017/
[5] https://www.vanguardngr.com/2018/02/revenue-vat-rises-19-n968bn-2017/
[6] http://punchng.com/customs-generates-n1tn-revenue-in-2017/
[7] https://www.vanguardngr.com/2018/01/firs-generated-n4tr-tax-revenue-2017/
[8] https://www.vanguardngr.com/2018/02/nigeria-makes-n7-3tr-oil-2017-cbn/
Curbing cattle rustling and insurgency
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!
Senate “House of Commotion”
I am sure you are wondering …. what is it with the Senate “House of commotion”?Bottom line … estranged robbers fighting over their loot and the looting formula.
Where will it all end?
The following chronology should help you understand the brohaha:
Yoruba Proverbs and their Translations
| S/No | Yoruba Proverb | English Translation | Notes/Comments |
| 1. | Aile fenu ko lori akapo, nii mu ki kinihun ati ekun se ode won loto-oto | It is the inability of the Lion and the Leopard to agree on who will be treasurer, that calls for them to hunt separately. | |
| 2. | Aikoworin ni koya je omo ejo. Ki oka siwaju, Ki paramole ati Sebe wa tele. Ki Ejola wa mo woruru bo lehin won. Tani je doju ko awon omo ajipolowo oro ninu oko? | Creepers suffer when they fail to move in a convoy. If the viper leads, followed by the puffing adder and the cobra, with the python playing their rear admiral, who dare confronts these pre-dawn hawkers of such potent venom on the farm? | |
| 3. | Buruji to buru, oruko lo nro | A wicked Buruji is motivated by his name | Buruji is a name. The word “buru” in Yoruba means wicked |
| 4. | Bo ba ngbo gbe gbe gbe, bi oo ba ba won gbee, won a gbe si ehinkule re ni! | At the cry of Heave! Heave!! If you do not join in heaving, it will be dumped at your backyard! |
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| 5. | Adete ko le fun wara, sugbon o le da wara nu | The leper cannot milk a cow, but can always spill the milk from a cow |
Change, for the sake of Change
Let me drop my resolve here, on the documented aggressive adventures of the Honourable Minister of Communications, Barr Adebayo Shittu.There is still hope for President Muhammodu Buhari, and probably the APC, if the Hon. Minister apologizes for saying Owoyele Sowore is “inconsequential” on air.
Why do I think so?
PMS Deregulation: Buhari’s unfulfilled promise
According to the Fuel consumption Statistics [1] published by the Nigeria Office of Statistics, the average daily consumption of PMS in Nigeria is between 41m and 52m litres per day. This was the statistics in 2016. It means that the total Annual consumption will be 365 x 41m, ie 14,965million litres, or simply put, 15Billion litres per year. The figure has now risen to 55m litres in 2018 [2].
At the current retail price of N145 per litre, it means the total annual expenditure of Nigeria on PMS is N2,169Bn or N2.1Tn. Is is therefore disturbing to read in the news that Nigeria spends N774m daily on fuel subsidy [3]. (more…)