The Nigerian Syndrome

“One upside to this regime of Upward tax revenues is that it might finally break Nigerians out of default mumu-mode re govt accountability” Tolu Ogunlesi

I read the above quote yesterday and it had me in stiches because I completely agree with Mr. Tolu on this issue of increased taxes and how it might push Nigerians to hold government more accountable. I am so glad that oil prices are going to the gutters and we have been forced to work on loop-holes and force the government to think of new ways to generate revenue.

For those of you not on social media or avid radio listeners you perhaps didn’t get wind of the various interpretations given to the move by the government to implement provisions of the Stamp Duties Act and Federal Government Financial Regulations of 2009. Some radio presenters said you will be charged 50 naira on every 1000 naira received, some others said it is one 50 naira charge for a total amount received over 1000 naira. I wonder what the facts are, the Nigerian conventional media is known for speculating instead of conducting proper research and presenting facts. Whatever the facts are taxes are going up in one way or the other yaaay!

So back to why I agree with Mr Tolu, my number one reason is the attitude of many Nigerians to this fight against past corrupt officials. I have been shocked my many responses when I have discussed with people about these ex-politicians or government officials with massive corruption cases hanging over their heads. People say things like: ‘The government is focusing too much on corruption’, ‘why are they only chasing ex-PDP members’ ‘Let’s start the probe from 1960’, ‘he only stole 100 million naira’ and other ridiculous statements.

Obviously people do not understand why ‘countries’ and ‘government structures’ were formed in the first place; if they did they will definitely not be talking like that. Better still, if people pay over 40 percent of their income in some form of taxes to the government I will be damned if they feel sympathy towards an alleged thieving politician or government official.

I was told a story of a Swedish politician (read up on the Mona Sahlin”Toblerone affair”) who lost an election and destroyed her political career because the media revealed that she had bought some chocolates with her government credit card. Harsh? definitely, but the Swedes pay over 40percent of their incomes in taxes and I will be damned if they ever feel sorry for a anyone connected to corruption let alone put anyone with a shady past in charge of their finances. Obviously all countries get it wrong sometimes but in this case though I am certain that the government increasing taxes will make us hold them to account more and stop making excuses for criminals. Things like vandalisation of properties will also reduce when people understand that it is their tax that is used to build infrastructure and not some free for all crude oil produce (death to oil).

NIGERIAN SYNDROME: “A play on the Stockholm syndrome, is a psychological condition where Nigerians feel sympathy towards government officials and politicians who have looted all their resources and mortgaged their futures”. To complete Reading this post, follow this link: http://tobinezulu.blogspot.se/2016/01/nigerian-syndrome.html

ARE YOU PREGNANT FOR YOUR PASTOR?

Tope Owolabi

Two nights ago, I couldn’t sleep much through the night because I was ranting in my head about the trap and toxic that has become of what people generally claim to be religion or more recently spirituality. I wanted to start writing in the middle of the night but I told myself to calm down and let the anger cool off before putting pen to paper, otherwise it would end up being again, just a rant.

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SHORT STORY; BREAD

Tope Owolabi

When two weeks ago I was served bread on a flight, I remembered a bakery in the area where I grew up in Ibadan.
The man who owned it was tall. We didn’t know his name so we called him baba oni bread. He was extremely dark and hairy. He never wore a shirt, I’m guessing because of the heat inside the bakery, and he was always slightly covered in flour.
He however wore the same brown trousers every day I saw him. He didn’t wear a belt, so he walked around in giant strides, his trouser saging to mid bottom, carrying pans upon pans of bread as he distributed to shop owners who had come to to buy. They came with big wooden boxes to collect bread. It was usually hot, so they waited for it to cool off before swiping the golden brown crusty part with a yellow…

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Is The Nigerian Hospitality Industry Attractive?

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The hospitality industry can be categorized under the service industry and refers to the provision of lodging services, restaurants, event planning, theme parks, transpor-tation, cruise line, and additional fields within the tourism industry. The world over, hospitality industry has provided high yields in returns to investors, being an important part of development and economic emergence and attractiveness.

As the world continues on its recovery path, the Nigerian Market has seen an influx of international brands, as well as expansion and additions of more rooms in the al-ready established hotels. As expected, security is a major determining factor for these often experienced investors, therefore, the favourite destinations are Lagos, Port Har-court, Abuja, Calabar and Enugu.

Indeed, Nigeria’s macroeconomic expectations bodes well with a continued ex-pansion in this sector over the immediate to medium term. According to a report by W Hospitality group, Nigeria has 7,500 rooms under contract for 2013 only and has been experiencing a visible growth trend over the last three years.

We hereby present an analysis of the Nigerian hospitality industry’s attractiveness based on Porter’s five forces for discerning investors.

A. THREAT OF NEW ENTRANTS

An industry is attractive if there are entry barriers that reduce the rate at which new entrants can spring up. We believe that entry barrier is high for the hospitality industry, as it is capital intensive and has become more technology driven than was previously required in the industry. Hence, this factor has increased the attractiveness of the Nigerian Hospitality Industry. 

B. COMPETITORS’ RIVALRY

A high level of rivalry within an industry has led to ‘price war’ among the current players. This has in turn increase the cost of doing business and put downward pressure on margins and profitability. Though the hospitality industry has a large number of competitors with very low customer loyalty and low switching costs, these issues do not decrease the attractiveness of the industry. We believe rivalry can be effectively managed through quality differentiation, innovative technology, style and exquisite service delivery. 

C. SUPPLIERS’ POWER

When an industry’s suppliers have bargaining power, they dictate price which will in turn reduce margins of the industry players. The suppliers to the hospitality industry are numerous and can easily be replaced, hence are unable to exert any significant power on the industry players. This makes the industry very attractive for prospective investors. 

D. BUYERS’ POWER

In the hospitality industry, customers are afforded a variety of options based on costs, quality of service, product categories, and special offers. Indeed, the customers’ power is high, which ordinarily should make the industry less attractive however, due to the seasonality of the hospitality business, customer can only meaningfully take advantage during off-peak period. However, in peak seasons like December, when the demand for hospitality industry services is high, the customers’ power is low, giving the firm an opportunity to set prices and increase profits, recovering most of the off-peak short falls.

Overall, we consider the buyer’s power on the industry to be average. 

OVERALL SUMMARY:

Based on our analysis of the industry, we consider the industry to be an extremely attractive one for prospective investors. The only known alternative for the industry under review is squatting with relatives, which has proven to be more expensive qualitatively. Therefore, the industry scored seven (7) out of ten (10) on our in-house industry attractiveness grid. Abuja, Calabar and Lagos remain the most viable places for establishing a hospitality related business.

SAY NO CAMPAIGN, CENTRE FOR DEMOCRACY & DEVELOPMENT, BREKETE FAMILY RADIO and OPEN SOCIETY INITIATIVE FOR WEST AFRICA

totesphere's Blog

SAY NO CAMPAIGN, CENTRE FOR DEMOCRACY & DEVELOPMENT, BREKETE FAMILY RADIO  and OPEN SOCIETY INITIATIVE FOR WEST AFRICA

We are taking an exception to blog about this…. Please share with every Nigerian/kindly help publisize this drive……

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In the wake of March 15, 2014 about 20 job applicants were killed in a stampede in some recruitment centres across the country. In the Federal Capital Territory, over 68,000 job applicants were invited to the 60,000 capacity stadium for the botched recruitment exercise. The stampede that resulted in the death of 20 job applicants is reported to have been occasioned by poor planning and negligence on the part of the Ministry of Interior and Immigration service.

The Lives lost and the indignity experienced by applicants are issues that must be treated with utmost importance because a life lost today is termination of a significant generation and a line of national wealth. Every indignity…

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SAY NO CAMPAIGN, CENTRE FOR DEMOCRACY & DEVELOPMENT, BREKETE FAMILY RADIO and OPEN SOCIETY INITIATIVE FOR WEST AFRICA

SAY NO CAMPAIGN, CENTRE FOR DEMOCRACY & DEVELOPMENT, BREKETE FAMILY RADIO  and OPEN SOCIETY INITIATIVE FOR WEST AFRICA

We are taking an exception to blog about this…. Please share with every Nigerian/kindly help publisize this drive……

Image

In the wake of March 15, 2014 about 20 job applicants were killed in a stampede in some recruitment centres across the country. In the Federal Capital Territory, over 68,000 job applicants were invited to the 60,000 capacity stadium for the botched recruitment exercise. The stampede that resulted in the death of 20 job applicants is reported to have been occasioned by poor planning and negligence on the part of the Ministry of Interior and Immigration service.

The Lives lost and the indignity experienced by applicants are issues that must be treated with utmost importance because a life lost today is termination of a significant generation and a line of national wealth. Every indignity suffered by a Nigerian is a threat to the dignity of every Nigerian.

In a bid to ensure accountability and stem the tide of impunity in Nigeria, the Say No Campaign, Centre for Democracy and Development, Brekete Family and Open Society Initiative for West Africa will on Wednesday, April 16, 2014 at Denis Hotel, Abuja by 9:00am host a Public Hearing on the #NISstampede with the aim of achieving the following objectives;

  1. To gather facts and document experiences of applicants that participated in the recruitment exercise;
  2. To unravel the facts surrounding the involvement of the NIS and the Ministry of Interior in the Stampede;
  3. To demand public accountability and justice for the victims of the recruitment exercise especially those who lost their lives and sustained injuries;
  4. To make recommendations on how to prevent reoccurrence of such incidents and ways of tackling unemployment in Nigeria.

The public hearing is meant for all participants of the recruitment exercise, youth, students, government institutions, media, international community etc. Accredited participants will be expected to make oral or written submission at the public hearing.

The incidence of March 15, 2014 is a clarion call to citizens to rise up to active citizenship by exercising their sovereignty in the demand for good governance, accountability and dignity of the human person. Conveners of the Public Hearing are committed to this process and will consistently engage all relevant platforms to ensure that the issues surrounding the recruitment exercise and the resultant effect of the #NISstampede are followed to a logical conclusion.

Join us as we Say No to Injustice and lack of accountability of our State Institutions and Government. God bless Nigeria.

RSVP

+234 8060763786, 8076501990,  8035939886

You can also purchase a free ticket via this link: https://www.eventbrite.co.uk/e/citizens-public-hearing-on-the-nigerian-immigration-recruitment-exercise-stampede-tickets-11166903509?aff=affiliate1