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Sir J (J9)

@SirJarus

Jul 19, 2023

If it will inspire the younger ones (or anyone at all), retelling the story of Taiwo Oyedele’s career

1. Born in a village in Ondo State in mid 1970s

2. Almost denied admission into primary school at 5 because he was small and his left hand could not touch the right ear

3. Accepted only because his twin sister’s hand could do. And they were born same day. You can’t say Kehinde is ripe for primary education and not Taiye born on same day.

4. He was consistently the best student in his class through primary and secondary schools

twitter.com/i/web/status/1…

5. Mostly struggled to pay the N50 school fees but weekend farm work helped. Got paid N5-N10 per weekend of farm work.

6. Then the struggle to pay the big fee for WAEC exam - N495. Needed to do at least 6 months of farm support before being able to raise that. Dropping out… twitter.com/i/web/status/1…

Read 13 tweets

Sir J (J9)

@SirJarus

May 30, 2023

https://twitter.com/_manddie/status/1663181251619037184

1. Crude oil (oil from the ground) is processed and converted to petroleum products.

2. The conversion process is called refining

3. The products are many (diesel, jet fuel, kerosene, petrol etc), but the most relevant one here is petrol

4. Nigeria has abundant crude oil

https://twitter.com/_manddie/status/1663181251619037184

5. But it is not the crude oil you use to power your cars, generators and other machines. It is these products.

6. Nigeria has 4 government-owned crude processing plants (refineries) but they are not working

7. So we need to sell the crude to foreign buyers who in turn process

8. We then buy the products and bring them to Nigeria

9. This means the cost of the product in Nigeria will include

- cost of the product as bought from the overseas seller
- cost of transporting to Nigeria & clearing at ports

Read 12 tweets

Sir J (J9)

@SirJarus

May 14, 2023

How to Deliver Public Lecture in Nigeria

Sample Topic: The Role of Western Hegemony and Religious Imperialism in Dismantling the Building Blocks of African Socio-Cultural Milieu

2 hours lecture

First 10 minutes: Define West. What is the West? Who is a westerner?

1/

Next 5 minutes: Define "hege"

Next 5 minutes: Define "mony"

Next 5 minutes: Rant about hegemony and some Max Weber theories.

Bring 10 definitions of hegemony according to different authors, never mind that only one word is different from each's definition

2/

Next 10 minutes: Define religion. Rant about some Karl Marx saying

Next 10 minutes: Define imperial. Define "ism". Join them together

Next 5 minutes: Define dismantle. Give 20 synonyms for dismantle

Next 10 minutes: Define Building

Next 10 minutes: Define blocks

3/

Read 8 tweets

Sir J (J9)

@SirJarus

May 11, 2023

https://twitter.com/ovo_himself449/status/1656764002633134084

👇

https://twitter.com/ovo_himself449/status/1656764002633134084

Putting the ball into the net gets me crazily happy 😊

Deadly finisher

Read 4 tweets

Sir J (J9)

@SirJarus

Mar 31, 2023

One of my closest friends picked up a unit of Fortrose Court this week (what will be his 2nd house in Lagos) and it evokes memories & lessons in friends supporting each other in course of life.

In May 2008, fresh after NYSC, I resumed at a coy in VI as an accounting officer 1/

I never liked accounting, I was given the opportunity because they saw in my CV I was writing ICAN exams and winning prizes.

So there I was, thrown into real accounting, to manage the accounting records of a company with over 500 chains of filling stations.

Oju agbami

2/

As I struggled to settle down in first few weeks, there was a colleague sitting beside me. Let’s call him Ola. Ola was a contract staff employed a year before me. I was a full staff, so earning way more.

But he was already a chartered accountant (qualified in 2007) while

3/

Read 16 tweets

Sir J (J9)

@SirJarus

Mar 17, 2023

FGN’s Executive Order 007 - Road Infrastructure Tax Credit (a form of tax) not a revenue loss.

1. You use money to pay tax to build or refurbish an approved/eligible road

2. Govt (thru MoF & MoW) certifies the Project Cost

3. Your tax reduces by the amount of project cost

4. Plus a top-up (called uplift) set at CBN MPR rate + 2%

5. MPR currently 17.5%. Hence uplift of 19.5%

6. So if you spend 100m on a road project, and certified, your tax reduces by 119.5m

7. The top-up is to incentivize you because if it’s kobo for kobo, why waste effort

8. Don’t also forget that you have spent on the project (ie spend money) before you get the tax credit. So it also effectively means you are paying your tax in advance. You “gave” 100m to govt in 2022 by doing road when if you wanted to pay 2022 tax in cash, it’ll be due Jun 2023

Read 9 tweets

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