Chacha Eke-Faani Announces Marriage Crash

 

 Popular Nollywood on-screen character, Chacha Eke Faani, has reported the

 conclusion of her nine-year marriage to Austin Faani. Sharing a picture of herself and her

 repelled spouse on Instagram, the actress expressed that she didn’t need to kick the bucket or go lost.

Nigeria Economy: Lesson From UAE Economic Model by Bar. Remi Adeyemi.

 The economic model of the UAE is something I find fascinating. 

The UAE discovered oil and realised the lifespan of the oil will be short. So they positioned the economy for for social tourism, ultra high end modern real estate and medical tourism. 

In turn, they did something drastic with their airlines. They consider their airline cost-centers revenue support ventures. In other words they don't consider their airlines to be a solely profit generating outfit. The main purpose of the airlines is to convey passengers from all over the world so they can have easy access to the Emirates with very cheap flight ticket. In addition they provide free visa entry for about 30 days. They also have favourable open sky policy for third party airline carriers.

All these for one purpose; support the economic positioning of the Emirates. How would you have something beautiful and not allow people have access to it?.

This is what I call inclusive, holistic economic structure, where the economy of a geographical anthropological system is viewed as a whole rather than individual economic ventures (check economic anthropology). 

This system of economy allows focus and uses individual aspect of the economy to drive the main thrust of the main economy. In other words an aspect of the economy may be subsidized (a euphemism for running business at a loss deliberately to serve a higher purpose) to help support revenue generation for the main economy. 

Nigeria needs to start restructuring her economy this way. We need to first position our economy in the area of our competitive advantage. That area we have great returns with least effort. One of such areas is Agriculture. Throw any seed on the ground in Nigeria, without covering it; you will see it burgeoning after some days. Only one explanation for this; the land is naturally fertile.

The economic potential of this sector is on a global scale. Vast arable land waiting to be utilized. The government can come in contractual agreement with different nations to produce certain food crops for them while they lease the land. We can produce, process, package and distribute agricultural produce on a global scale feeding nations of the world. 

This sector is responsible for about 40% of the GDP and and employs about 70% of the workforce. It has great potential to generate forex. So much potential!

Another area of focus that I will subsidize is the education sector. The human resource of Nigeria is, perhaps, her most valuable of resources. In 2018 alone, the total remittance by the diaspora community stood at $25.08 billion. It rose from about $3 billion in 2013 to $25.08 billion in 2018, with cumulative remittances standing at about $96.5 billion in six years (according to NBS). Wow! Pure wow!

To put it in perspective; the 2020 revised budget is 10.8 trillion naira. That is about the same amount the diaspora community sent into the country in 2018. In other words, this economic block can conveniently sponsor the Nigerian budget. These are students, workers, 'hustlers', etc.

If I were the president, I will look critically into turning the education system into a cost-center revenue support venture. I will subsidize the education of Nigerians all over the world and watch as they naturally remit money back home to support their families and improve the economy. I will put structures in place to make it easy for them to pursue their education anywhere in the world. And we will join hands together to build the nation.

It's time we restructured the economy from just 'producing' to processing, packaging and distribution. 

God bless Nigeria!

God bless Africa!

#AfCFTA 

#AfDB 

#NigerianEconomy

#Nigeria

Remi Adeyemi. 

References

https://www.forbes.com/sites/ashleynunes/2017/08/17/the-crumbling-case-against-gulf-subsidies/

https://nairametrics.com/2019/10/11/nigeria-received-96-billion-diaspora-remittances-inflow-in-6-years/ 

Man jailed for defiling eight-year-old girl in Rivers

A Rivers State High Court in Port Harcourt has sentenced one  Obilor Felix to six years imprisonment without an option of fine for sexual abuse and exploitation of an eight-year-old girl in Ahoada West. Obilor Felix was said to have committed the crime on June 26, 2010 at Edeoha community in Ahoada West Local government area and was first arraigned in court on October 10, 2011.

Court orders Nigerian govt to take over alleged Diezani property

A Lagos Division of the Federal High Court Tuesday approved the forfeiture to the Nigerian government of a plot of land in Port Harcourt, Rivers State. The land allegedly belongs to the former petroleum minister, Diezani Alison-Madueke.

Chuka Obiozor, the judge, gave the decision following an application by the Economic and Financial Crimes Commission (EFCC).

Medical tribunal convicts two doctors for negligence

A tribunal set up by the Medical and Dental Council of Nigeria (MDCN) has convicted two medical doctors for negligence. 

The doctors, Godwin Maduakor and Nwikwu Vitalis, were convicted in Abuja on Tuesday.

In a judgement read by the chairman of the tribunal, Abba Hassan, Mr Maduakor was found guilty of the charges brought against him and was suspended for six months for count one and three months for count two.

Boko Haram Insurgency: Buhari Approves Accelerated Promotion Of Senior Army Officers

Nigeria's President Muhammadu Buhari has approved the accelerated promotion of two senior army officers and a subaltern for their patriotic role in ending Boko Haram insurgency in the country's north-east region.

JUST IN: Nigeria parliament on lockdown after shots fired

Nigeria's National Assembly was on lockdown on Tuesday after shots were fired outside during clashes between police and a group of Shia Muslim protesters.

Police used tear gas on the protesters and smoke could be seen coming from the area.

The Islamic Movement of Nigeria (IMN), a group that represents Nigeria's minority Shia Muslims, tried to enter the complex, sparking the confrontation with police.

How drones helped us raid 18 kidnappers’ camps –Army

The 32 Artillery Brigade of the Nigerian Army in Akure says it has raided no fewer than 18 camps of suspected kidnappers in the last one month with the help of its newly acquired drones.

The News Agency of Nigeria (NAN) reports that the brigade launched two drones on June 21 to fight kidnappings and other related crimes in Ondo and Ekiti states.

Niger Begins Devt of Bobi Grazing Reserve

The Niger state government has begun the development of the 45,000 hectare Bobi grazing reserve in Mariga local government area of the state, Secretary to the state government Alhaji Ibrahim Ahmed Matane, disclosed  on Monday.

Ibrahim Ahmed Matane said the reserve had already been provided with “all necessary infrastructure,” apart from gazetting it.

EFCC nabs fake native doctor in Ibadan

The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Tuesday, arrested a fake native doctor, Fatai Olalere Aliu, who was alleged to be notorious for duping people under the guise of possessing spiritual power to solving their problems.

Aliu was arrested by the operatives of the Commission during a raid on his abode at Kisumu Estate at Odo-Ona Elewe of Ibadan, the Oyo State capital.

RUGA: Spokesperson of Northern Coalition should be arrested – Group

A group known as the Midwest Movement of the indigenous people of Edo and Delta states has called on law enforcement agents to immediately arrest and prosecute Abdul-Azeez
Suleiman, spokesman of Coalition of Northern Groups (CNGs).

Do we really have a President in Nigeria? Ezekwesili asks

Former Education Minister and a co-convener of Bring Back Our Girls (BBOG) movement, Oby Ezekwesili, says she doubts that Nigeria still has a President.

She expressed this doubt in series of tweets on her official Twitter handle on Tuesday, adding that Nigeria is currently ‘neither being led nor governed’.

Two policemen reportedly shot at NASS, as Shi’ites protest turns bloody

A protest at the National Assembly, Abuja by members of Islamic Movement in Nigeria (IMN) also known as Shiites, on Tuesday turned bloody, leading to the death of some police officers.

No less than three policemen on duty were reportedly shot as a result of the incident which caused chaos within the assembly complex.

Ruga is colonialism, it must be cancelled, says Ishaku

Although, the federal government has suspended its initial proposal to establish Ruga settlements across the country, the Governor of Taraba State, Darius Ishaku, Tuesday called for “total cancellation” of the Ruga scheme, saying the scheme was a form of “colonialism.”