I’m watching right now on @ABC a press release by @FBILosAngeles on Nigerian internet scam syndicate. A heart shattering embarrassment to this country, those we call yahoo boys have scammed Americans to the tune of $1.1bn between Jan-July this year alone. This is a disaster!
Whilst our media is busy celebrating overnight millionaires & our Police granting security protection to young billionaires with zero history of work, innovation breakthroughs or family inheritance, innocent citizens are suffering monumental shame at airports due to this scam.
This is a calamity. We have to start calling out these questionable millionaires & billionaires amongst us, especially overnight real estate moguls, “oil & gas magnates”, etc. Not all Nigerian youths are criminals, and we must never let these guys keep ruining our image this way!
I am currently blocking every handle that either subtly or by implication justifies internet or any kind of fraud on my TL. Kindly tag me on any of such that I may miss. I have no patience for stupidity. Thank you.
I’ve gotten lots of DMs from friends & followers about my thoughts on MTN’s new shares listing and what it means for a novice investor. Follow this thread closely on what the MTN offering is about in layman’s language to help you decide if buying is a good choice for you. Thread
When people reach out to me this way, it dawns on me the responsibility some of us have to constantly share knowledge that can help others build wealth.
Why should anyone buy this shares or should you buy?
What's the implication for your money?
Everyone has probably told you now that investing in high performing stocks is probably one of the surest ways to build long term wealth –There is a popular multinational FMCG whose stock remains consistently over 1,000 per share and was just a few hundreds of naira years ago
Fashola is building a few thousand units of N7million houses and calling it affordable in a country where less than 5% earn up to N3million per annum, and housing deficit is over 22million. The disconnect from reality in our governance is so wide that it only has to be ment.
Responses here show that we may never solve the social problems facing majority of Nigerians- so far as we keep using our personal socioeconomic status to assess the majority. Govt is about IMPACT- you can’t solve a problem by excluding the majority of the victims of the problem.
Affordability &/or low cost is relative to income - which firstly in Nigeria is low, then the major problem- housing deficit affects mostly those with low-zero income. These guys can’t afford 7m. This approach is simplistic. The solution is a harder route. But we like simplistic
When we started #LagosSMEbootcamp in 2018, we didn’t know we will come this far, we initially planned to just do something small for 40 SMEs, then ended up with 100. 4yrs & 6events later, we’ve supported 4,500 SMEs & a vibrant @LagoSMEbootCamp community. Season 4 is here. Thread
Year on year, we’ve gotten bigger & better. The fulfillment comes from personalized feedback from members of our community. Limta from Ekiti that used our support funds to register his business, to TJL from Ibadan who said we helped her expand online. The testimonies are endless.
It brings me so much joy to see that our efforts put smiles on the faces of young people who start small businesses to support their tuition, or augment their mother’s income, or middle aged parents who depend on their SMEs to build their kids future. This is what #SDG 8 is about
Unpopular Opinion: Lagos & Rivers VAT collection laws will not solve the injustice/problem that we seek to eliminate, but may create more problems, complexities & further complicate the ease of doing business. VAT problem is a distribution issue, not a collection issue. Thread
What do I mean? VAT as currently administered in Nigeria is collected solely by FIRS & distributed amongst the 3tiers - 15% FG, 50% states & 35% to LGAs. Now out of total VAT generated, half is generated from VAT on foreign transactions, while about 65% of local is from Lagos.
Now some of Lagos’ VAT are from transactions nationwide but reported by their Lagos HQs. The basis of sharing among states is only 20% based on contribution, 50% equality & 30% population- wherein lies injustice. Bcos states like Kano may receive more regardless of contribution
It is unfortunate that the US is conniving with mischief makers& #EndSARS hoodlums to set up Nigeria’s most celebrated Policeman with fake allegations. The Buhari regime will deal ruthlessly with all those behind this attempt to embarrass the Nigerian Police & Pres Buhari. Thread
We have also seen that many members of IPOB & those behind the #EndSARS violence have already latched to this fake news to propagate lies and sabotage the effort of this govt to fight against corruption and arrest those threatening the continued unity of the country.
A simple tailor & customer relationship between the DCP & Mr Hushpuppi, which required the DCP to temporarily use his office in the police station as the delivery center for the tailor, is being touted as connivance with criminals. We reject this sabotage & will ban the FBI.
We can condemn unfair treatment from Landlords without denying hard truths. Landlords don’t just turn down singles for nothing. Lagos is full of flats that started with one single girl & then fiam! 40girls in one bedroom doing olosho. Same way loud yahoo boys bombard flats.Thread
If you also own a property, you’ll want to take precautions, except Ofcourse you’re also a reckless landlord & don’t care. I’ve had single Neigbours turn a decent apartment to a Bronx neighborhood with everyday weed & girls & fighting. In a >2.5m rental house with families & kids
Go to Lekki 1, Chevron, Osapa, Surulere, Ajah, etc. I have many friends complain about their houses going ghetto because some new single girl or boy came in & made a nuisance of an otherwise decent compound. It’s a general perception that families are more stable & decent.