The Naija Bloggers Party will come up on Saturday, Jan 5. The venue has not yet been fixed. I'll notify you as soon as it is fixed.
I'll leave you with this video from NSync. Merry Christmas! Happy Holidays!
Security and Niger Delta - N444.6bn
Education - N210bn
Energy sector - N139.78bn
Health - N138.17bn
Agriculture and Water Resources - N121.1
Transportation - N94.4bn
Poverty reduction initiatives & programmes - N110bn
Debt service - N372.3bn
The restructuring, called currency re-denomination in financial parlance, will see the current N1,000 notes become N10; N500 becomes N5 and N100 becomes N1.
With the policy, all naira assets and contracts will be re-denominated from August 1, 2008.
Any product that currently sells for N1,000 will expectedly be sold for N10 while a contractor who is owed N1 million by the Federal Government will be paid N10,000.
The number you are calling is currently unavailable ... Please try again later.Famous words from Telecomms operators worldwide! I wonder how you feel when you hear those words while trying to make an important call. Frustrating, aren't they? OK, I know lots of people have been feeling the same way for the past few weeks when they visit my blog ... it's almost like "The blog you're visiting is currently unavailable, Please try again later". I'm sorry about this. I've been real busy. Sometimes, I wish God could add some more hours into each day (I borrowed that quote from my friend Aaadee). Well, unfortunately, since that can't happen, plans are on ground to stretch the hours in each day, and make them longer. I shall soon be back ... fully Reloaded!
This article is part of a Finance series (here) I started a while ago. Although it's not sequential with the rest, it has become necessary that I share some things about this subject. Within the past few months I've received dozens of phone calls, some from friends I haven't heard from in a long while and one from someone I have never even met asking for my advice and opinion. Lots of people seem to think I'm an authority in this regard. I'll not confirm that notion, but I'll not deny it either. Hope you gain some things as you read, and you'll invest wiser and safer.Today, the average Nigerian has become investment savvy. He is no longer satisfied with keeping his money in the banks, and he has realized the futility of sticking to a monthly salary. A number have gone ahead to train themselves in operating such investment vehicles as Stocks, Mutual Funds, Real Estate and Foreign Exchange. Everybody wants to learn how to invest, and everybody wants to invest. So some professional money managers took advantage of the situation, and created several investment programs, collecting money from investors and paying them returns on their investment. Very soon, lots of these investment programs sprung up, both genuine and non-genuine, and as always, it is difficult to distinguish the genuine ones from the non-genuine. Some of these programs have been around for years, some are months old and some are still in the initiation process. They are commonly known as HYIPs (High Yield Investment Programs), and their history goes a long way.
IN RECENT HISTORY, NIGERIANS HAVE BEEN OVERWHELMINGLY BETRAYED BY THOSE CHARGED WITH ADDRESSING THEIR NEEDS. INSTEAD OF SERVING THE PEOPLE, PUBLIC SERVANTS HAVE SERVED THEMSELVES TO THE DETRIMENT OF THE MASSES. THE RESULT IS A NATION LACKING ADEQUATE INFRASTRUCTURE, ORGANIZATION AND SECURITY.
THE INEFFECTIVENESS OF NIGERIAN LEADERS INDICATES A LACK OF ACCOUNTABILITY TO THE CONSTITUENTS. NIGERIANS ARE NO LONGER RELEVANT TO THE LEADERS, THUS, LEADERS DO NOT FEEL RESPONSIBLE TO THEM.
THE RECENT FAILURE TO CONDUCT A FREE AND FAIR ELECTORAL PROCESS WAS YET ANOTHER ILLUSTRATION THAT THE NEEDS OF THE MANY ARE SECONDARY TO THE WANTS OF THE IMPORTANT FEW.
FROM THIS DAY, ALL NIGERIANS ARE RESPONSIBLE FOR THE FUTURE OF THIS GREAT & POWERFUL COUNTRY. CONSEQUENTLY, ALL NIGERIANS MUST COMMIT THEMSELVES TO THE FOLLOWING:
ONLY UPON ACHIEVING THESE PRINCIPLES CAN WE AS A PEOPLE FULLY LIVE UP TO OUR POTENTIAL AS A LAND OF GREATNESS. FOR OURS IS A COUNTRY RENOWNED FOR ITS ILLUSTRIOUS PEOPLE, AMPLE RESOURCES AND SHEER PHYSICAL BEAUTY.
- WE MUST DEMAND THAT ELECTED OFFICIALS BE HELD ACCOUNTABLE FOR THEIR ACTIONS AND IN-ACTIONS.
- WE MUST EXPECT DEMOCRATIC PRINCIPLES TO BE HONORED, RESPECTED AND MAINTAINED.
- WE MUST BELIEVE THAT ALL NIGERIANS ARE EQUAL UNDER THE LAW AND SHOULD BE TREATED AS SUCH.
- WE MUST APPLY OURSELVES TO IMPROVING THE LOT OF EVERY INDIVIDUAL NIGERIAN REGARDLESS OF GENDER, RELIGION, TRIBE OR SOCIAL STATUS.
- WE MUST STRIVE TO MAINTAIN A UNITED REPUBLIC DESPITE OUR DIFFERENCES.
You can read more on Solomon's blog (here), and please brace yourself ... because a change is coming. A change for the better, and it shall come sooner than you expect.