Connect with us

General

PDP Governors List Failures of Buhari Administration

Published

on

PDP Governors

By Modupe Gbadeyanka

Governors elected under the platform of the opposition Peoples Democratic Party (PDP) have lamented the excruciating hardship and suffering Nigerians are currently going through.

The Governors under the PDP Governors’ Forum said the ruling All Progressives Congress (APC) has turned the country upside down, making life very difficult for citizens.

They said the lives of Nigerians under the administration of President Muhammadu Buhari have been miserable unlike when the PDP was in power from 1999 to 2015.

At the end of their meeting in Aba, Abia State, they said the opposition party was ready to “take over and offer qualitative leadership options to rescue the nation,” appealing to Nigerians “to reject the APC” in the 2023 general elections.

They claimed the failures of the ruling party as below;

Diesel which is critical for the running of SMEs was N131.47 in 2015, it now costs above N700

  1. Fuel: Official and Black-Market was N87/155 in 2015, it now costs N167/350.
  2. Aviation Fuel/Air Ticket Rate on Domestic Flights was N110 per Litre/N18,000 in 2015, it now hovers around N700 per Litre/N70,000, where available. Indeed, the scarcity of fuel that has resulted in the loss of several man-hours is a disgrace to Nigeria.
  3. The collapse of the National Grid (126 times in 7 years – (June 2015 to March 2022) and its consequences for non-availability of power is most unfortunate.
  4. Kerosene (NHK) used by the ordinary Nigerian for cooking and power was N180 in 2015, it now sells at N450.
  5. Liquefied Petroleum Gas (LPG) – 12.5kg Cylinder sold for N2,400 in 2015, is now sold at between N8,750 and N10, 000.
  6. Prices of basic foodstuffs are now three times higher than what they used to be in 2015. Staple foods such as rice, beans, cassava flakes are now slipping out of the hands of average Nigerians. Indeed, a Bag of Rice sold for N8500 in 2015 is now N39,000.
  7. Electricity was N14.23 per kilowatt in 2015, it is now N38.530, and not even available.
  8. The unemployment rate was 11.4% in 2015, it is now over 33%, one of the highest in the world.
  9. The poverty rate in 2015 was 11.3% but now about 42.8%.
  10. Accumulated Inflation in 2015 was about 4%, it is now 15.50%; Inflation Rate was 9.01% in 2015 and now 15.7%.
  11. Perhaps the Exchange Rate has been one of the most disastrous. N150 to a dollar was the parallel market (patronised by most businessmen and Nigerians) rate in 2015, it is now about N580 to $1 in the parallel market and still rising.
  12. Debt and Debt Servicing: Domestic Debt of N8.4T and External Debt of USD 7.3b was incurred between 1999-2015.

While Domestic Debt of N7.63T (June 2015-Dec 2020) and USD28.57b as at Dec 2020 was incurred.  External debt of USD21.27b was incurred between June 2015 and 2021.

  1. National Debt to GDP Ratio was 23.41% (2016) it is now 36.88% (2022).
  2. The Corruption Index has risen from 136 in 2015 to 150 now.
  3. Nigeria’s Misery Index, an indicator used in determining how economically well off the citizens of a country are, is usually calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate, which has moved from 14.75 per cent in 2015 to 50.48 (2021).
  4. The major threat to the agricultural sector and food security in Nigeria is insecurity. In the northeast of Nigeria, it is estimated that no fewer than 70,000 hectares of arable farmland have been abandoned in the affected States and Local Government areas. The trend is the same all over the country. This further contributes to food inflation. The APC led Federal Government must take steps to cooperate with States to bring security down to the grassroots.

In addition, the Governors accused the Nigerian National Petroleum Company (NNPC) Limited of siphoning money with the support of Mr Buhari, who doubles as the Minister of Petroleum.

“The PDP Governors once again decried the inability of the NNPC to make its statutory contributions to the Federation Account, in spite of oil selling at above $110. It is patently unconstitutional for NNPC to determine at its whim and discretion when and what to pay to the Federation Account, as it is a mere trustee of the funds for the three tiers of Government: Federal, States and Local Governments. We once again, call for investigations and audits of the quantity of consumption of fuel ascribed to Nigerians and for the deployment of technology at the filling stations to determine in a transparent manner the volume of consumption.

“The Governors would resist any further attempt by NNPC to ascribe unsubstantiated subsidy claims to other tiers of government.

“NNPC deducts N8.33 billion monthly for the rehabilitation of the refineries in Nigeria. To date, no refinery is working.

“On priority projects of the nation’s oil industry, NNPC deducted N788.78 billion for various investments between 2018 and 2021 without recourse to FAAC.

“NNPC in 2021 alone claimed to have paid over One Trillion Naira as petroleum subsidy. Indeed, in the month of March 2022, N220 billion was deducted as oil subsidy with a promise that N328 billion will be deducted in April 2022. This is unacceptable.

“NNPC and FIRS, as well as other remitting agencies, continue to apply an exchange rate of N389/$1 as against the Import and Export window of N416/$1. The extent of this leakage can be better felt if this rate is compared to the current N570/$1.

“From available records about N7.6T is withheld between 2012 and 2021, by NNPC from the Federation Account. All these are said to be payments for oil subsidies.

“Conclusively, we believe that all these leakages in NNPC have been made possible because the President is also the Minister of Petroleum. The urgent separation of these two portfolios has become necessary,” they alleged.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Continue Reading
Click to comment

Leave a Reply

General

Facility Managers in Nigeria Empower 25 Technical School Students

Published

on

facility managers in Nigeria

By Modupe Gbadeyanka

It was a day of joy for facility managers in Nigeria as they rolled out drums to celebrate the 25th anniversary of the Nigerian chapter of the International Facility Management Association (IFMA).

The celebrants converged on MUSON Centre, Onikan, Lagos on Thursday, May 12, 2022, to mark the day, which coincided with World Facility Management Day.

At the event themed Leading a Sustainable Future, aimed at strengthening goals to achieve an improved facility maintenance culture in Nigeria, five students each from five Government Technical Colleges in Lagos, including Government Technical College, Ikotun; Government Technical College, Ikorodu; Government Technical College, Epe; Government Technical College Agidingbi, were equipped with toolboxes, safety jackets and safety helmets as their discipline of learning falls within facility management. The 25 students were promised employment upon completion of their education by some industry operators in attendance.

In his welcome address, the President of IFMA, Nigeria Chapter, Mr Segun Adebayo, applauded the Federal Ministry of Works and Housing under Mr Babatunde Raji Fashola, for a commendable job in ensuring the assent of Executive Order 11 on National Public Buildings Maintenance.

“The effort of the Ministry of Works & Housing on this laudable achievement has indeed renewed our hope of providing professional attention to the country’s numerous facilities and her growing infrastructure. In fact with this feat, I am delighted to say that maintenance culture has fully resurrected in our nation,” the President of IFMA Nigeria said.

While speaking on the future goals of the association, Mr Adebayo revealed their readiness to continue to provide leadership and direction in the built environment through innovative initiatives, use of technology, specialized trainings and strategic collaboration that translate to the actualization of a transformative future in the built environment.

According to him, the theme of the event clearly validates the leadership of the association in the industry and also confirms them as a forward-thinking association, noting that, “This you can see in our endless advocacy and strategic collaborations with credible public and private institutions.”

He urged everyone present to be steadfast in the practice of facility management in order to lead a sustainable future.

In his keynote address, Mr Fashola reiterated the relevance of facility management, saying, “It is important to mention that facility management is a very expansive area of human activity that involves a diversity of skills whose impact will remain with us for a long time.”

He admonished the private sector to take ownership and responsibility for facility management because, according to him, the private sector accounts for the majority of buildings and infrastructure in Nigeria.

Present at the event were professionals across the construction industry, real estate and facility management professionals including Ms Nike Adekanbi, the General Manager, Lagos State Infrastructure and Asset Management Agency; Engr Femi Akintunde, Group Managing Director/CEO, Alpha Mead Group; Professor Modupe Omirin, Dean of Faculty of Environmental Sciences, University of Lagos; Arc. Tina Onokwai, Director of Federal Public asset Maintenance in the Ministry of Works & Housing and other members of the association.

IFMA Nigeria was founded in 1995 by a special group of professionals drawn across the industries within the built environment including Architects, Civil Engineers, Electrical Engineers, and Builders, amongst others who had a burning desire to provide Nigeria with the opportunity of developing a maintenance culture that will shape the future of the country.

The association, in collaboration with the University of Lagos, has pioneered a professional master’s degree programme in Facility Management.

Continue Reading

General

Famous Black and White Logos: Features and Benefits

Published

on

black and white logos

Despite the fact that many consider black and white logos to be old-fashioned and too simple, experience with their use shows their high efficiency and the presence of a large number of advantages. In any case, history knows many cases when black and white logos became super recognizable and turned into a real brand.

You can develop a black and white logo in the logo maker Turbologo for a couple of mipnuts.

What is a logo

A logo is a symbol (containing a picture, an inscription, or both of these elements in any proportions). Its main purpose is to make the company recognizable and distinguishable from firms engaged in similar activities.

A company with a unique and attractive brand name attracts customers. In addition, such brands inspire more trust among the potential audience.

The logo is not just a stylish picture – it has several significant “missions”:

  •  Creation of brand image. A brand name can convey a lot of information about a company. In addition to the specialization of the brand, the logo tells potential customers and the strengths of the products sold and the services provided. A high-quality logo will show the audience that you are responsible for your business;
  •  Advertising. The emblem presents the brand on the market, increases its significance. With the help of the logo, customers can find out the necessary information about the company and, if they wish, apply for services or goods. It is also effective to use the logo in business correspondence;
  •  Market identification. The logo helps customers who are already familiar with the brand to recognize it among other companies;
  •  Protection from unfair competition. Some firms copy products that belong to another (often promoted) brand. And the logo helps to show customers which of the goods is really genuine;
  •  Reputation building. If a consumer once used the services of your organization and was satisfied, then he is more likely to contact you again;
  •  Good quality guarantee. Products marked with the brand name are genuine. This protects customers from buying fakes.

Black and white logos are quite popular in the modern world. They have both advantages and disadvantages. They are economical (they do not require large development and printing costs to use), are minimalist, unobtrusive, are associated with luxury service companies (as large companies choose simple logos), and stand out against the background of the color emblems of competitors.

While the combination of different shades in a logo can look great, sometimes a black and white theme gets the point across better.

These colors are powerful in their simplicity, and they are suitable for almost any platform.

It can be printed on a T-shirt.

It can be pasted on a wall, pictured on a billboard, or even printed on a car window.

Instagram profile , or used as a Facebook cover.

It can be printed on the athlete’s equipment to promote the brand.

If you want a logo that can fit into any setting, go for the black and white option.

Printing in other colors can be expensive, but binary colors such as black and white are cost effective.

Black and white paints are readily available compared to other colors.

In addition, a binary logo is likely to use less power than a color logo.

Famous black and white logos

Today, dozens of extremely successful black and white brand logos are familiar. This color scheme has significantly increased recognition and has become a real “highlight” of companies such as:

  •  Nissan is a famous car manufacturer from Japan.
  • Nissan logo
  •  Sony is a company engaged in the creation of technology, as well as the production of films and video games.
  • Sony logo
  •  Bentley is a popular automotive giant from the UK.
  • Bentley logo
  •  BBC is the most famous news agency in the world, headquartered in London.
  • BBC logo
  •  Nike is a giant in the sportswear and footwear industry;
  • Nike logo
  •  Wikipedia is an international scientific and educational project known to every person who has ever sat down at a computer and used the Internet.
  • Wikipedia logo
  •  Walt Disney is a company familiar from childhood that produces animated films, as well as feature films such as Pirates of the Caribbean.
  • Walt Disney
  •  Gillette is a world-famous brand that produces blades, razors, creams and other shaving accessories.
  • Gillette logo
  •  Playboy is a legendary adult magazine.

Playboy logo

These are just some of the options for black and white logos that have become famous throughout the world and are known to almost every consumer on Earth. As can be seen from the examples presented, many world-famous brands prefer the combination of black and white to color versions of the logo.

Conclusion

Reducing the color gamut can be a key choice to bring your symbol to high standards, versatility and modernity.

Now is the time to make a black and white symbol that will exalt the brand that has appeared on the market. You can make a black and white logo yourself or by ordering it. The first option is much cheaper, and thanks to the emergence of numerous resources, the logo can be made by yourself, using special designers for this. It doesn’t take much time, but the result is amazing.

Continue Reading

General

LandWey to Deliver over 1000 Houses to Nigerians Soon

Published

on

LandWey Investment Limited

By Modupe Gbadeyanka

Over 1,000 houses would be delivered to Nigerians by the end of the second quarter of 2022, the managing director of Landwey Investment Limited, Ms Shola Bello, has disclosed.

This is part of the efforts being made by Landwey, which is one of Nigeria’s largest residential developers, in reducing the housing deficit in the country.

Ms Bello, in a chat with newsmen on Monday, noted that the company has been able to deploy measures to mitigate the challenges posed by the COVID-19 pandemic and the resultant economic recession in the real estate sector in Nigeria.

“2022 began on a rough note for most real estate developers in Nigeria. This has been made obvious by the growing apprehension amongst some clients over the viability of their investment owing to delayed delivery of housing units and some publications addressing these issues.

“Many developers in Nigeria have openly addressed some of the challenges experienced in the course of construction and delivery of housing projects, a challenge which is largely attributed to the impact of the 2020 Covid-19 pandemic and the resultant economic recession.

“In the past few years, many developers have had to navigate the harsh economy and its severe impact on all businesses across many industries. While it may appear that many of these businesses have recovered from the impact, the story is not quite the same for the real estate industry.

“The industry has felt its huge blow from resultant factors ranging from scarcity of labour, a challenge we have since overcome, scarcity of building materials, unfavourable importation policies, long project approval timelines as well as other environmental limitations.

“However, our clients are always at the forefront of everything that we do, therefore, we have had no other choice but to unearth new and creative solutions in order to mitigate the rippling effects of the pandemic and the harsh realities of the global economy,” she told journalists.

The real estate guru lamented that most real estate development companies had to reassess and adjust their operations to acclimate to the “new atmosphere by working and negotiating potential changes in project completion timelines and the management of their internal and external workforce, communicating challenges and progress updates routinely with investors and reviewing supply agreements with suppliers while also determining the impacts of delays in our delivery obligations as well as other potential risk factors.”

She added that after what appeared to be a challenging Q1, the company is now making a headway on housing project delivery with a mass delivery of homes scheduled to take place at the end of the second quarter.

“I can assure you, by the third quarter of 2022, we would be well on our way to completing at least 1000 homes,” Ms Bello concluded.

Continue Reading

Latest News on Business Post

Like Our Facebook Page

%d bloggers like this: