Government Scams - Part 3

25% Reduction in Basic Salaries of Government Officials

Now we know we only have air heads ruling us. How did we get to this?  They would only reduce their bacis salaries. What about their allowances?

Normal salary earners have their basic and allowances taxed. They have not agreed to tax it, but to reduce it. So what is the current tax rate on basic salaries for those who earn as much as N3m/month? It's is 25%. So they are only playing on words. Pure semantics.

I propose they take a 75% pay cut. Not only in their basic salaries but in their allowances as well. This is what the inflation caused by actions will do to the populace. It will largely diminish the spending power of the masses. While allowing the government to largess on the overflow generated.

A govenment of failed promises and failed policies.

Government Scams - Part 2

Removal of Fuel Subsidy

With the current hardship in the country, GEJ and his henchmen have devised an excellent means to commit genocide via economical remote control.

The new year present The President of The Federal Republic of Nigeria had to give us was to increase hardship among it's citizens while retaining their flagrant abuse of our country's wealth.

With the setup of the Christopher Kolade committee, it is obvious that to them, "GEJ and Co", the removal of fuel subsidy is NOT the same as deregulation of the down stream sector of the oil industry.

By deregulation, it becomes an open price market. Where the independent fuel marketers determine the daily price and not the government. This would inevitably promote competition and eventually drive fuel prices down.

However, this is not the case with our government.

God bless the Federal Republic of Nigeria. God bless Nigerians in the diaspora.

e-interview with Mallam Sanusi Lamido Sanusi - By Zainab Mahmoud

My e-interview with Mal. Sanusi Lamido Sanusi!

From: Zainab Mahmoud
Date: Fri, 6 Jan 2012 07:57:33 -0500 (EST)
To:
Subject: Greetings and questions..Thank you for reading.

Dear Sir,

Thanks for taking the time to read this, I know you are a very busy man and I hope you will reply even if briefly.

I am Zainab Mahmoud, 23, a doctor working in Ireland.
I stole your email address from email threads from my father (he does not know I am sending this!)

I have read a lot about the current situation in Nigeria re: subsidy, I have listened to your interview on BBC in support of it.
I, like many Nigerians, don't fully understand the economics of this.

My view is I agree that subsidy is not sustainable but what I know is lack of it is simply not 'survivable' for many Nigerians.
I also agree that subsidy should be on production and not consumption.

Correct me if I am wrong, but a lot of this subsidy goes to corruption.
So if we say NO to subsidy removal, it means we are fighting the battle of the corrupt. We continue to fee their pockets!
And if we say YES to subsidy removal and fuel prices double it means we have made the state of the corruption permanent and will continue to feed their pockets, only this time from our empty pockets!

You are respected by a lot, me inclusive, but..
Why isn't your stance stronger about making cuts in other areas like recurrent expenditure?
Why should Nigerians buy fuel at the same price as non-oil producing countries?

I want to make it as short as I can.
It took a lot of courage to email you directly but we don't get the information we need!
Our media is hopeless and our Minister for information even more so.

Thank you again for your time.

Sincerely,

Zainab Mahmoud.



From: Sanusi Lamido Sanusi
To: Zainab Mahmoud
Sent: Fri, Jan 6, 2012 1:47 pm
Subject: Re: Greetings and questions..Thank you for reading.

Zainab hi
Good questions. Actually I have been screaming about government recurrent expenditure and overheads since 2010-as well as the corruption in subsidy regime.

It was my criticism of overheads that led to my wahala with national assembly. And I keep fighting it. However if u look at the 2012 budget the entire recurrent exp of the executive arm is N1.8tr of which N1.6tr is personnel costs. So cutting this means paycuts and retrenchment and this is politically suicidal.

Cab subsidy be phased? Possible and maybe govt will reach that compromise but better to do it once and for all. I have advised a phased approach if that will give a political solution but don't know
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.




From: Zainab Mahmoud
Date: Fri, 6 Jan 2012 14:36:15 -0500 (EST)
To:
Subject: Re: Greetings and questions..Thank you for reading.

Thank you very much for replying! I appreciate it.

Can I please take more of your time and make a few more points?

From what you have explained and the happenings it appears that the Government are not willing to make cuts in their expensive lifestyles but want the masses to take the burden of their mismanagement!
If the Government had suggested a phased approach alongside cuts in their 'overheads' I am sure it would have had a better welcome.

May be the protests need to take a new turn and push for cuts in recurrent expenditure.

If the subsidy is removed completely and petrol is sold at N141, doesn't that mean that Nigerians will continue to fund corruption endlessly because the true price of refining Nigerian oil cant be equal to the price our neighbouring non-oil producing countries buy petrol at.

Why cant we push for better border policies and sanctions on importation of petrol rather than worsen the already dire condition of the average Nigerian?



Can I get your permission to share this explanation with my fellow youths via twitter and facebook?(I will scribble out ur email ofcourse)

Sincerely,
Zainab Mahmoud.



From: Sanusi Lamido Sanusi
To: Zainab Mahmoud
Sent: Fri, Jan 6, 2012 3:00 pm
Subject: Re: Greetings and questions..Thank you for reading.

Well two things; in real (ie inflation adjusted terms) expenditure is coming down. Budget this year is 6pct higher than last year but inflation is at about 11pct.

Secondly I am sure we can get government to chip away at spending but in terms of materiality it will be symbolic. With a budget of about N5tr a N10b or N20b dent in spending makes a political statement but has little impact on such things like deficit/GDP, debt/GDP, debt service/revenue ratios, or reserves, exchange rates and inflation.

Fuel subsidy removal knocks off N1.4 tr which is equivalent 30pct of expenditure in 2011 and more than 100pct of capital budget and a third of total debt. I agree that we need both the symbolic and the material but in terms of macro level analysis items talked about-feeding in the villa or gardening are insignificant relatively speaking, which is not to say they shouldn't be looked at.

On borders in theory smuggling is illegal. In practice if you have money you can bribe officials on both sides and smuggle goods. A government subsidy of N80 for every litre is enough money cross the borders. Saudi arabia is surrounded by countries like bahrain and oman and yemen and kuwait all of which sell cheap fuel so no arbitrage opportunity. Once you have a huge price differential, goods will flow to the higher price market-legally or illegally. We learn this in price theory as a subject called price fixation. Prices below equilibrium always result in rent seeking and black markets or scarcity.
You may
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.




From: Zainab Mahmoud
Date: Fri, 6 Jan 2012 15:09:22 -0500 (EST)
To:
Subject: Re: Greetings and questions..Thank you for reading.

Thanks again!

The economics of it appear complicated and I will be lying if I said I understood all that.

How do you explain this to the average Nigerian who earns the minimum wage of N18000 and because of subsidy removal is now expected to spend N15000 on petrol?
Subsidy is not sustainable but lack of it isn't either!




From: "Sanusi Lamido Sanusi"
Date: Fri, 6 Jan 2012 20:30:02 +0000
To: Zainab Mahmoud
ReplyTo:
Subject: Re: Greetings and questions..Thank you for reading.

The short term impact at the micro level is reduction in disposable income after fuel and transport costs, as well as a fall in real income due to inflation. Painful.
If the fiscal space freed up leads to improved power, infrastructure and productivity then we get growth, jobs and industrial development in the medium to long term.
Success depends on implementation of sound policies and improvement in governance and accountability. What I think is that Nigerians intuitively understand why this has to be done but don't believe government can deliver on the promise so they may end up with pain without gain. I don't blame them as the record of govt has been poor. Its up to govt to prove them wrong.
Sleep well continue tmrw have bad migraine
Sent from my BlackBerry® smartphone provided by Airtel Nigeria.




From: "Zainab Mahmoud"
Date: Fri, 6 Jan 2012 20:31:42 +0000
To:
ReplyTo: zainabmahmoud@aol.com
Subject: Re: Greetings and questions..Thank you for reading.

Thank you very much,

Allah ya kara sauki.

Via BlackBerry® from Vodafone

Tired of Recruiting and Selling? - Classified Ad

Tired of Recruiting and Selling? - Classified Ad

Government Scams - Part 1

The Nigerian Federal Government Scam. Scamming the Populace

The latest scam in town. The vehicle plate number scam by the FGN. Who came up with this ridiculous idea of having all Nigeria motorists change their existing plate number for these new ones. For a fee. An outrageous fee at that.
Each car owner is to pay a minimum of N35,000 for the new plates, officially. However, existing vehicle owners cannot seem to find these N35,000 plates anywhere. You can pick up your plates for as little as N45,000. Yes, some idiot came up with his idea. Out of a gazzillion spermatozoa, I wonder how the person/people behind this idea made it.
What ever happened to the current plates? What is wrong with making new car owners acquire the new plates while old car owners continue with the old plates.
With over 7 million cars (as at 2009) plying Nigerian roads. Do the math.
With a minimum wage of N18,000, which most State Governments have openly declared that they cannot afford. There is no hope for the poor this country. Charity, they say, begins at home.

New Year. New Life.

Happy New Year everyone. I know, I know, I know....... you've all missed me. In the last couple of months, I've been deeply engrossed in enough change and projects.

It is only right for me to say I am a very changed man now. Because I intend to make our society a sweeter place for us all.

Let's talk about the menace called NEPA or is it PHCN .... or whatever the bloody name they call themselves nowadays.

I strongly recommend that they should be scrapped. We don't need them. Let's know we have no light in this country

Nobody

In the words of M.I Abaga and Tuface Idibia "If nobody talks about you, then you are nobody. Whether na true abi whether na lie. My Guy.......... walahi."

Rejoice when people talk about you. It means you are recognized. It simply means that you are flying and they are crawling. For it is easier to be see all that's soaring up above than to see what crawls on the earth. That's why it 's easy for them to see you and talk sh!t, while they eat maggots and dust at the same time.

Keep doing your thing and their idle minds should continue staying idle for all they say only makes you stronger and more successful. Some people take pleasure in back-biting, starting unnecessary biff and a$$-kissing.

Nobody can stop your shine. Nobody!!!!

Mans Shortsighted Nature

The difference between MTN and Etisalat is called SEASON.

MTN came to Nigeria at a time when nobody wanted to invest in Nigeria, at a time when Nigerian did not have phones. Even Zenith Bank refused to loan MTN cash to operate, UBA rejected MTN’s offer but today see the difference.


At least we all know the story of the only civilian unelected President in Nigeria- Goodluck Johnathan.
We know how the people said he was not going to be President, they even made him acting-President. Today the rest is history.


What about Cowbell?
When they came to Nigeria, they made milk in a sachet, Peak was laughing at them- they said Cowbell was milk for the poor- but they were right! 3-million poor people could afford N10 a day for a sachet of milk. Do the math…3-million people buying milk at N10- that was N30 million every single day. In a month they grossed N900-million (almost N1 billion). Even Peak had to make sachet milk in order to survive in the market.


So what have people told you?
What have they said you cannot do, you do not qualify for, you do not have experience for?
They told Cowbell, they told Goodluck, they told MTN but the story has changed. I get the feeling that something is changing for you! Don’t listen to what people are saying or what life is showing you….


Be steadfast in your ways. Pray for God's grace and guidance. Work hard, work smart. Be focused. Do away with some old friends and bad habits. Make new friends who have a sense of  purpose, and add value to your life. Human beings are a creature of habit. So we cannot do without it. However, bad habits can be replaced with good ones. Never give up, erase your doubts and feed your greed. Watch yourself grow and flourish.

Keep on keeping on.

TGIF and have a great weekend!!!

The Voice of the People

Amazing how fast bad things escalate. N29k from a minimum of N85k. Hmmmmm. This outrageous amount. The ripple effect is fast increasing in diameter. From Abuja to Lagos to Bauchi.

Action they say, begets an equal and opposite reaction. From Shutting down Call Centers to shutting down shops to shutting down switch sites thus affecting mobile networks in Abuja and surrounding states. Seriously affecting revenue, churn, brand image and much more.

In this our "siddon-look' society, it's interesting to see young people stand up in the face of oppression and social and economic injustice which threatens to destroy our economy, our country and indeed the freedom of our children born and yet unborn. That they may not grow up in a world of slavery and that they should be free of oppression by legal and illegal immigrants.

The cry is getting louder and the people are becoming more aware. I advice that the Nigerian government intervene sensibly and the concerned parties favourably reverse their monetary and other staff welfare issues in favour of the people.

The Nigerian labour laws and practices must be revisited and reviewed to suit all Nigerian and not just a greedy few politicians. I believe the minimum wage should be reviewed to N60,000/month for non-graduates. Every single state can afford to pay this amount if the leaders are willing to put aside their greed and focus more on the people rather than on amassing personal wealth. As I see the beginning of the Nigerian uprising, if this situation is not resolved with wisdom.

The voice of the people they say.............. is the voice of GOD!!!

God bless Nigerian youths. God bless the Nigerian people. God bless the Federal Republic of Nigeria.

The BV1000 Experience

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