Feature/OPED
Covid-19: How to Survive During Lockdown
By Omoshola Deji
The novel Coronavirus (Covid-19) is ravaging the earth as economic and social restriction continues with no end in sight.
As of April 14, Covid-19 has infected over 1.9 million persons and killed over 100,000 globally. In Nigeria, the confirmed cases are still fairly low – but on the rise. 323 cases and 10 deaths have been reported as of the aforementioned date.
For one thing, Covid-19 has proven to us that the world is a global village and we are one single family. When Nigerians heard about a virus outbreak in China late last year, many never thought it would reach the country, not to speak of eliciting lockdown.
The grand upside and downside of life is its mystery; our inability to know what course our life will take. Some of those who died of Covid-19 never owned a passport. Many have never visited the airport. Others have been denied visas repeatedly.
By implication, they never saw abroad, but died of a foreign disease. Thus, one must be thankful for live, and obey the Covid-19 preventive measures, particularly on social distancing and hygiene. After obedience comes survival.
Successive failed governments have groomed Nigerians to always endure difficulty, but the upshot of the Covid-19 lockdown is breaking the resilient masses.
In truth, Nigerians must brace up for the tough days ahead as things will get much worse before it gets better. Here are tips on how to survive during the lockdown.
Avoid Waste
These are very abnormal times. Hence, some of our normal expenses are no longer normal, they are, in the meantime, a waste of resources. Don’t spend on direct calls when you can communicate via WhatsApp. It’s understandable if you detest WhatsApp because ‘reconnecting’ disrupts your conversation. But then, it is better than nothing or spending high on calls at this time. Manage WhatsApp calls, at least, for now. Those who eschew WhatsApp call out of pride must humble themselves before brokenness humbles them. People in advanced nations make WhatsApp calls without rating themselves poor – and people don’t consider them poor.
Cut your costs. Buy less fuel and go for cheaper digital satellite television subscription. It’s irrational to pay high for Supersport when all tournaments have been suspended. Don’t bother to renew your subscription, if you are broke and can’t provide yourself constant electricity. Feed yourself instead. You may rely on the internet for news and entertainment. Multi-using your data for calls, news reading and entertainment is wise. Avoiding watching long videos to make your data last. Entertain yourself with non-internet powered radio, if your phone has the function.
On food, plan your meal wisely and eat cautiously. Don’t fry eggs with sardine. Fry only egg and use the sardine for other meals. Don’t waste food. Put only what you can finish on the plate. Don’t take much, but eat some, and waste the rest. Refrigerate your leftover and consume it at the earliest possible time or give the needy. It is irresponsible to waste food, especially now that people are starving.
Avoid alcohol and smoking or reduce your intake. Smoking damages the lungs, which makes people die fast, when they contract Covid-19.
Endeavor to Share
Don’t keep all you have to yourself and family, thinking the pandemic will last forever. No, it won’t. It’s unkind to hide bags of rice at home when other people are famishing. Don’t chop-belle-full while your neighbours sleep on empty stomach. Share with them.
Share the kindness you receive from your superiors – to your inferiors. Let the largesse trickle-down. For instance, if someone gift you 20,000 Naira (N), don’t pocket the money and turn a blind eye to the penurious souls around you. Ensure you bless others too. Dash someone in need N2,000. Bless another person N1,000. Gift another poor individual N500. Let the money trickle-down. The N20,000 won’t be yours, if your benefactor is also an ‘aka gum.’
Sharing of food and funds is basically for the poor. Exchange of knowledge and ideas is for the rich and average class. Now is the time to share your business, investment and project ideas with those who might help. Your target mentors and experts will almost certainly hear you out now. Book a voice or video call appointment. Ask them to share their knowledge and experience with you. This will save you from sinking before you fly. Don’t be unwelcoming if you are a success. Share knowledge and give out helpful contacts to the newbies and promising.
Please Ask
Don’t stay lacking without asking those who can help. Some well-off people will never help, until you ask. Your friends and relations may not think about you, or rather conclude you’re doing fine, if you don’t put forward a request. Some of them who wish to help may be held back by your likely rejection. Others may be scared of your offensive reaction, thinking you may conclude they offered to help because they rate you poor. Don’t be shy to ask, if you are in need. Everyone knows we are in a difficult time. People will honor your request, especially if you’ve not been milking them before now.
Ask out of need, not out of greed. It’s foolish to hide your food and go about exploiting others. It’s wicked to pocket your money and help others exhaust theirs. Ask only when you’re in need – for just what you need.
Help Right
I have a friend who never gives. He will never help, even if you’re dying. Another is terrible on oversight and good at turning a blind eye. Conversely, he won’t let you rest when he has a problem. Am not alone. Everyone has such receive-and-never-give person(s) in their life. Disregard them this season. Focus on those who truly need your generosity to survive. Except you are one, ignore helping friends who spend most of their funds partying and womanizing. Allow them to suffer; that will transform them to start saving for the rainy days and live responsibly.
Family Care
Make sure you check up on your family members regularly. Ask about their welfare. Don’t neglect them, even if you are in conflict. They need your support, especially if you are wealthy. Give them hope, if you have no money. Let them feel loved. Frustration is making many think suicide, but they’re keeping on because they don’t want to hurt their nearest and dearest.
Dine-in and Eat Healthy
Don’t eat out during this lockdown. It’s risky to patronize restaurants, sharing spoons and plates. Doing so increases your chance of contracting Coronavirus. It’s sensible to do takeaway, but advisable to save cost by cooking at home. I recall my grandma always preach home catering to save cost. She often condemns eating at a sitting with “owo ikoko obe” – meaning “money that can prepare a pot of soup.” Embrace her viewpoint: Don’t use the money that can prepare a pot of soup – which will feed you for days – to eat at a sitting during this lockdown.
Stay away from all outdoor foods, including snacks. Shun egg-roll, meat pie, suya, and other foods that suffer frequent touch. Avoid Agege bread for the industrial packed ones. Try to consume balance diet and citrus fruits or vitamin C to boost your immune system.
Eat for survival, not pleasure. A lot of people eat anything; everything; anyhow; anytime. They lack food manners and discipline. Now is not the time for careless eating. Eat when necessary, and responsibly to avoid obesity.
Be Considerate
Whether you’re a girlfriend, fiancée, wife, or side chick, do not bill men unreasonably this season. Don’t insist on having your hair done when there’s no occasion to rock. For the men, ensure your family needs are met before passing money to your side chicks. They are most likely not taxing you only, but many other men. They will be fine without you, but your mother may just not be. Remember her and those who stood by you during hard times. Man or woman, be considerate if you want your relationship and marriage to outlive the Coronavirus.
Employ Customer Loyalty Reward Tactics
Getting foodstuffs to buy despite holding cash has become difficult, but you have a lifeline. Call your patronages – the store owners, traders and market women you patronize regularly – to reserve foodstuffs for you. They will oblige because you are their loyal customer. It’s the likes of you that has kept them in business and they need your patronage to stay on after the pandemic. Making early request prevents you from lacking. Put those you’ve always patronized on duty and you’ll never run out of stock. Try it. It works.
Desist from Greed
Don’t buy all the goods because you have the funds to. Buy some and leave the rest for others. Don’t join the have-nots to fight for the despicable food government is sharing, if you are better off. Think of the incredibly poor. Except you are at the bottom of the ladder, leave the food for those poorer than you.
Advocate for Government Support
Support the call on government to provide better palliatives. Successive Nigerian governments don’t act till there’s public outcry and the Buhari administration is worse off. Don’t play ‘I don’t care’ because you’re comfortable. Those who need the palliatives need your voice. Moreover, everyone stands to benefit, if government award far-reaching palliatives such as free electricity, tax waiver, rent payment deferment, internet and satellite TV subscription price slash, etc.
Contribute Your Skills
Use your high in demand skills to assist your community or make money. Start sowing face mask if you are a tailor. If you’ve switched to another enterprise, now is the time to dust your machine and start sewing. Distribute the face masks to the community or sell at a reasonable price. You will thank me after counting how much you’ve made when the pandemic is over.
Don’t just sit idle when your skill is in high demand. If you are a pharmaceutical scientist, produce large quantities of hand sanitizers for the community or teach people how to do so. Volunteer your service, if you are a retired nurse/doctor. Don’t turn a blind eye because of your unpaid pensions and gratuity. Don’t think about the leadership failures and how badly Nigeria has treated you. Think about humanity.
Be Up-to-date
Listen to news daily. Keep up with the most recent updates on Covid-19 preventive measures and healthy living. Be aware of the latest information. Use the social media, but fact check every information before sharing. Don’t purvey fake news; it ruins faster than virus.
Be Vigilant
You must take up the responsibility of personal and communal protection by being vigilant. Monitor your environment and promptly report any suspected cases of Covid-19 to avoid community spread. Reporting such cases doesn’t make you an intruder or bad blood. No one is at loss if you err, but everyone stands to gain if you are right. In addition, set up a vigilante group or join existing ones to protect your community against attack and robbery.
Get Busy
Polish your skills and read informative papers. This will make you come out of the lockdown a better, well informed person. Also, use the movement restriction opportunity to retrospect. Examine yourself critically; there’s always something to change, stop or improve on. The best time to figure out those things and create a better you is now. Seize the moment!
End Note
“It is not the strongest or the most intelligent who will survive but those who can best manage change.”― Leon C. Megginson
Omoshola Deji is a political and public affairs analyst. He wrote in via [email protected]
Feature/OPED
The Future of Payments: Key Trends to Watch in 2025
By Luke Kyohere
The global payments landscape is undergoing a rapid transformation. New technologies coupled with the rising demand for seamless, secure, and efficient transactions has spurred on an exciting new era of innovation and growth. With 2025 fast approaching, here are important trends that will shape the future of payments:
1. The rise of real-time payments
Until recently, real-time payments have been used in Africa for cross-border mobile money payments, but less so for traditional payments. We are seeing companies like Mastercard investing in this area, as well as central banks in Africa putting focus on this.
2. Cashless payments will increase
In 2025, we will see the continued acceleration of cashless payments across Africa. B2B payments in particular will also increase. Digital payments began between individuals but are now becoming commonplace for larger corporate transactions.
3. Digital currency will hit mainstream
In the cryptocurrency space, we will see an increase in the use of stablecoins like United States Digital Currency (USDC) and Tether (USDT) which are linked to US dollars. These will come to replace traditional cryptocurrencies as their price point is more stable. This year, many countries will begin preparing for Central Bank Digital Currencies (CBDCs), government-backed digital currencies which use blockchain.
The increased uptake of digital currencies reflects the maturity of distributed ledger technology and improved API availability.
4. Increased government oversight
As adoption of digital currencies will increase, governments will also put more focus into monitoring these flows. In particular, this will centre on companies and banks rather than individuals. The goal of this will be to control and occasionally curb runaway foreign exchange (FX) rates.
5. Business leaders buy into AI technology
In 2025, we will see many business leaders buying into AI through respected providers relying on well-researched platforms and huge data sets. Most companies don’t have the budget to invest in their own research and development in AI, so many are now opting to ‘buy’ into the technology rather than ‘build’ it themselves. Moreover, many businesses are concerned about the risks associated with data ownership and accuracy so buying software is another way to avoid this risk.
6. Continued AI Adoption in Payments
In payments, the proliferation of AI will continue to improve user experience and increase security. To detect fraud, AI is used to track patterns and payment flows in real-time. If unusual activity is detected, the technology can be used to flag or even block payments which may be fraudulent.
When it comes to user experience, we will also see AI being used to improve the interface design of payment platforms. The technology will also increasingly be used for translation for international payment platforms.
7. Rise of Super Apps
To get more from their platforms, mobile network operators are building comprehensive service platforms, integrating multiple payment experiences into a single app. This reflects the shift of many users moving from text-based services to mobile apps. Rather than offering a single service, super apps are packing many other services into a single app. For example, apps which may have previously been used primarily for lending, now have options for saving and paying bills.
8. Business strategy shift
Recent major technological changes will force business leaders to focus on much shorter prediction and reaction cycles. Because the rate of change has been unprecedented in the past year, this will force decision-makers to adapt quickly, be decisive and nimble.
As the payments space evolves, businesses, banks, and governments must continually embrace innovation, collaboration, and prioritise customer needs. These efforts build a more inclusive, secure, and efficient payment system that supports local to global economic growth – enabling true financial inclusion across borders.
Luke Kyohere is the Group Chief Product and Innovation Officer at Onafriq
Feature/OPED
Ghana’s Democratic Triumph: A Call to Action for Nigeria’s 2027 Elections
In a heartfelt statement released today, the Conference of Nigeria Political Parties (CNPP) has extended its warmest congratulations to Ghana’s President-Elect, emphasizing the importance of learning from Ghana’s recent electoral success as Nigeria gears up for its 2027 general elections.
In a statement signed by its Deputy National Publicity Secretary, Comrade James Ezema, the CNPP highlighted the need for Nigeria to reclaim its status as a leader in democratic governance in Africa.
“The recent victory of Ghana’s President-Elect is a testament to the maturity and resilience of Ghana’s democracy,” the CNPP stated. “As we celebrate this achievement, we must reflect on the lessons that Nigeria can learn from our West African neighbour.”
The CNPP’s message underscored the significance of free, fair, and credible elections, a standard that Ghana has set and one that Nigeria has previously achieved under former President Goodluck Jonathan in 2015. “It is high time for Nigeria to reclaim its position as a beacon of democracy in Africa,” the CNPP asserted, calling for a renewed commitment to the electoral process.
Central to CNPP’s message is the insistence that “the will of the people must be supreme in Nigeria’s electoral processes.” The umbrella body of all registered political parties and political associations in Nigeria CNPP emphasized the necessity of an electoral system that genuinely reflects the wishes of the Nigerian populace. “We must strive to create an environment where elections are free from manipulation, violence, and intimidation,” the CNPP urged, calling on the Independent National Electoral Commission (INEC) to take decisive action to ensure the integrity of the electoral process.
The CNPP also expressed concern over premature declarations regarding the 2027 elections, stating, “It is disheartening to note that some individuals are already announcing that there is no vacancy in Aso Rock in 2027. This kind of statement not only undermines the democratic principles that our nation holds dear but also distracts from the pressing need for the current administration to earn the trust of the electorate.”
The CNPP viewed the upcoming elections as a pivotal moment for Nigeria. “The 2027 general elections present a unique opportunity for Nigeria to reclaim its position as a leader in democratic governance in Africa,” it remarked. The body called on all stakeholders — including the executive, legislature, judiciary, the Independent National Electoral Commission (INEC), and civil society organisations — to collaborate in ensuring that elections are transparent, credible, and reflective of the will of the Nigerian people.
As the most populous African country prepares for the 2027 elections, the CNPP urged all Nigerians to remain vigilant and committed to democratic principles. “We must work together to ensure that our elections are free from violence, intimidation, and manipulation,” the statement stated, reaffirming the CNPP’s commitment to promoting a peaceful and credible electoral process.
In conclusion, the CNPP congratulated the President-Elect of Ghana and the Ghanaian people on their remarkable achievements.
“We look forward to learning from their experience and working together to strengthen democracy in our region,” the CNPP concluded.
Feature/OPED
The Need to Promote Equality, Equity and Fairness in Nigeria’s Proposed Tax Reforms
By Kenechukwu Aguolu
The proposed tax reform, involving four tax bills introduced by the Federal Government, has received significant criticism. Notably, it was rejected by the Governors’ Forum but was still forwarded to the National Assembly. Unlike the various bold economic decisions made by this government, concessions will likely need to be made on these tax reforms, which involve legislative amendments and therefore cannot be imposed by the executive. This article highlights the purposes of taxation, the qualities of a good tax system, and some of the implications of the proposed tax reforms.
One of the major purposes of taxation is to generate revenue for the government to finance its activities. A good tax system should raise sufficient revenue for the government to fund its operations, and support economic and infrastructural development. For any country to achieve meaningful progress, its tax-to-GDP ratio should be at least 15%. Currently, Nigeria’s tax-to-GDP ratio is less than 11%. The proposed tax reforms aim to increase this ratio to 18% within the next three years.
A good tax system should also promote income redistribution and equality by implementing progressive tax policies. In line with this, the proposed tax reforms favour low-income earners. For example, individuals earning less than one million naira annually are exempted from personal income tax. Additionally, essential goods and services such as food, accommodation, and transportation, which constitute a significant portion of household consumption for low- and middle-income groups, are to be exempted from VAT.
In addition to equality, a good tax system should ensure equity and fairness, a key area of contention surrounding the proposed reforms. If implemented, the amendments to the Value Added Tax could lead to a significant reduction in the federal allocation for some states; impairing their ability to finance government operations and development projects. The VAT amendments should be holistically revisited to promote fairness and national unity.
The establishment of a single agency to collect government taxes, the Nigeria Revenue Service, could reduce loopholes that have previously resulted in revenue losses, provided proper controls are put in place. It is logically easier to monitor revenue collection by one agency than by multiple agencies. However, this is not a magical solution. With automation, revenue collection can be seamless whether it is managed by one agency or several, as long as monitoring and accountability measures are implemented effectively.
The proposed tax reforms by the Federal Government are well-intentioned. However, all concerns raised by Nigerians should be looked into, and concessions should be made where necessary. Policies are more effective when they are adapted to suit the unique characteristics of a nation, rather than adopted wholesale. A good tax system should aim to raise sufficient revenue, ensure equitable income distribution, and promote equality, equity, and fairness.
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