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Nairaland Forum / Eddee's Profile / Eddee's Posts
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Career / Re: Private School Vs SFH Contract Offer by Eddee(m): 12:51pm On Jan 07, 2021 |
Wande22: Then you should know better! You almost speak in favor of perpetuity without taking into consideration that for most of last year, teaching/non-teaching staff of schools struggled to stay solvent as COVID-19 screwed our backward educational system. Sh*t can and will always hit the fan, the only way out is to be ready and stay dogged. |
Career / Re: Private School Vs SFH Contract Offer by Eddee(m): 11:29am On Jan 07, 2021 |
Nisot7: Okay first and foremost, do you deduct and remit your income tax (PAYE) from the school you currently work for to the SIRS? If yes, then your net salary is roughly #66,673.33. Your take home pay from SFH will be #115,500 and tax burden only #9,500 since you made no mention of Pension, NHF, NHIS, Life Assurance, Gratuity which could all act as relief in reducing your monthly tax burden. The difference in pay should easily cover 4-5 months of been out of a job if things go south with SFH. Secondly, Short-term NGO contracts are tricky, anything 3-6 months means you’re obviously covering for someone on leave or they are looking to fill an urgent gap. Good thing is, this is January and contracts in my experience are usually for 12 months, so if you have a plug at Society for Family Health - you can put the question to the SFAO who you’d report to in the end anyway, ask him/her the project’s duration - this will give you an idea of contract renewal after the initial 6 months (your performance with regards to financial reporting and filing and documenting retirements will be key here). Meanwhile, I personally love new challenges, so I’ll advise you to jump ship immediately of course, within the school policy’s notice period for resignation or termination. Refer to your letter of engagement or contract (usually 2-4 weeks or refund of the equivalent of 1 month salary). Not for Profit accounting, will help your career growth in ways you can only imagine - there are loads of trainings, conferences to ensure your understanding of GAAP is top notch. So brush up on your Accounting for NGOs - basically just Income and Expenditure. Taxation is usually just income tax and WHT since NGOs are exempted from VAT. Your SFAO will put you on procurements immediately because that’s the core of what SFH does. Finally, my guy, if you’re willing to stick your neck out, take the plunge and I’d always be here to walk you through any challenge you may face along this new journey. Cheers 12 Likes 4 Shares |
Car Talk / Re: Question On Starting System by Eddee(m): 7:49am On Dec 27, 2020 |
seanwilliam: No and Yes. Once you create a Myus account, you’ll be assigned a virtual address. Send your parcels to that address and Myus will handle the rest on your behalf for a fee. |
Food / Re: Thread Of Foods You Can Cook On Christmas Day by Eddee(m): 3:05pm On Dec 11, 2020 |
HeavenlyBang:
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Food / Re: Thread Of Foods You Can Cook On Christmas Day by Eddee(m): 2:20pm On Dec 11, 2020 |
HeavenlyBang come this side! This December na man dem go hold that kitchen stand #GenderEquality 1 Like |
Car Talk / Re: Volvo Enthusiasts Association Nigeria "2020 Annual Get Together". Pics And Video by Eddee(m): 12:00pm On Dec 10, 2020 |
Man like Val. Nice one bro 4 Likes |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 11:52am On Dec 10, 2020 |
NL1960: Why not. For clubs - size does matter, the smaller the better. Our space was just too big, makes it very difficult to fill up on ‘dry days’ and boy there are many dry days. Operating cost/Working Capital - No Light (this one is a serious problem). when business doesn’t go as planned, the moral thing to do is not owe people. We didn’t reduce salaries like other competitors did and we paid the highest. We downsized but in the end we had to pull the plug so we don’t owe or reduce people’s means of livelihoods. As someone with considerable experience in Finance, we had long term framework agreements so we didn’t have supply related challenges (diesel, drinks, food etc). But we just couldn’t break-even. Taxes - need I say more. Biggest challenge for Nigerian businesses is double-taxation. But this isn’t a problem if you file properly and are willing to visit your area tax office often instead of dealing with middlemen/agents and help them with the calculation if necessary. Target market - our greatest undoing. We underestimated the loyalty points existing businesses had built in our chosen niche and their attendant reach and we paid dearly. 7 Likes 2 Shares |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 11:17am On Dec 10, 2020 |
NL1960: Long story- we went throught five or six managers in nine months, last one stayed the course til the very end. We are results based, we hire you, you get a budget (everything from endorsement with Henessey to runs with Jameson) to turn things around and you get a timeline. Fail and we move on immediately, might look like a knee jerk approach to running a business. But a club is just no ordinary business unless you use it to clean money. We cut our losses after a year and moved on, so many valuable lessons learnt with regards to actually running a business that depends on people (staff, customers, promoters) ’showing up’ |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 10:18am On Dec 10, 2020 |
Lazyyouth4u: You’re wasting your breathe arguing with paper tigers. I usually don’t suffer people who can’t put their money (assuming they even have) where their mouth is. I’ve lost money (collaborated for a Night Club/Lounge last year and learnt valuable lessons) and I’ve equally made a couple bucks here and there (currently into livestock farming). I still keep a 9-5 on a low! Anybody that wants to be taken seriously has to proffer solutions not constantly whine unnecessarily. 4 Likes 2 Shares |
Car Talk / Re: The Official Car Comparison/Recommendation Thread by Eddee(m): 3:55pm On Dec 09, 2020 |
radautoworks: HeavenlyBang: She don gree to give you that family connect? Think about the possibilities |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 3:41pm On Dec 09, 2020 |
Macktaob: You’re an alt account- I don’t talk nor argue with ghosts. There’s nothing to prove to you about the wealth of your country - it’s visible and the ‘reality’ is that mismanagement, greed and wickedness put us in this position, this is my first and last response. Consider it a favor! 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 3:26pm On Dec 09, 2020 |
emmanuelewumi: I’d love to stay here and engage with you but you’re obviously angrier at the state of affairs of our beloved country than I am. And this may degenerate from a purely fun-based interaction to a sentimental based conversation. Hopefully, we birth in the country of our dreams but I go still japa!!! It’s been nice comparing notes, So long brother 2 Likes |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 3:10pm On Dec 09, 2020 |
emmanuelewumi: I’ll like to clarify one thing, the initial conversation revolved around whether Nigeria was poor or not and not how well we compete with developed nations that have a fraction of our population. What is the Naira, Dollars or Yen since you mentioned Japan? Okay I’ll answer that. First and foremost, a unit of measure for payment of goods and services. Essentially an advanced barter system! I guess you’re looking at exchange rate which has to do with economic health and standard of living. And I mentioned the fact that one of our biggest problem is ‘inequitable distribution of wealth’ - I don’t want to get started on corruption and nepotism. As for comparing, what mineral resources a country like Japan has to Nigeria, they have the same Number 1 resource as we do - HUMAN. You must have read a lot about capital flight in the 70s, 80s and even 90s. But how about ‘human capital flight’ by our brothers and sisters over the same period and even now? 2 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 2:49pm On Dec 09, 2020 |
emmanuelewumi: Nigeria is likely the second or third wealthiest country in Africa. We have great human resources (mostly tapped already), great swathes of arable land for agriculture of whatever nature. Petroleum/Natural gas reserves in quantities and quality that other countries will envy, we have zinc, bitumen, limestones, gold, coal and a host of other natural resources in commercial quantities. Like I said earlier and still insist respectfully, our problems are in no particular order; corruption, bad leadership and inequitable distribution of wealth. 7 Likes |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 2:38pm On Dec 09, 2020 |
emmanuelewumi: Again this is very subjective. The economic matrices/indices government agencies base their poverty lies upon are geared towards creating the perception that we are poor - Nigeria just like Congo is not poor, only poorly run! Would love to discuss this over a drink or two and not argue online seeing the tone your response has taken! |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 2:27pm On Dec 09, 2020 |
emmanuelewumi: Chief, this is debatable. You’re right about mismanagement or should we use misappropriation/misapplication of hard earned IGR on recurrent/white elephant expenditures? Anyhow you look at it, I don tire for this country! |
Investment / Re: Treasury Bills In Nigeria by Eddee(m): 1:56pm On Dec 09, 2020 |
Lazyyouth4u: Interesting read, still don’t understand Nigerian governors’ obsession with debt |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 9:19pm On Dec 08, 2020 |
HeavenlyBang: Louder for the Audi RS enthusiasts for back. Even Buhari fuel prices no fit hold us down. Seriously you should take King406’s offer and come drive in Abuja, worthy opponents everywhere (although 90% of them no fit drive anything other than straightline)! 3 Likes |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 9:07pm On Dec 08, 2020 |
HeavenlyBang: E no get wer e reach 2021 no fit bad pass 2020. I don do offline consultation with prophet dannybrasky. Everywhere go stew and Baba God don gree say all man must buy Benz. AMG for that matter! 6 Likes |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 8:49pm On Dec 08, 2020 |
OPUSDEI1: Senior man you go wait enter wahala - Dipo na that kind man, him no dey share war stories! Edit: baba don change - this is a sign 2021 will be great, all of us go buy benz 8 Likes |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 8:46pm On Dec 08, 2020 |
king406: All those plenty grammer na only ‘NVIDIA’ Graphics the enter my head. Ah, video games of old 4 Likes 1 Share |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 2:02pm On Dec 08, 2020 |
GAZZUZZ: You dey pursue Diportivo? - Senior man perish that idea I take God name beg you, guy drove a Corolla from Lagos to Calabar in just 9hrs. (Bad roads and checkpoints time-wasting follow for that promo) 5 Likes 3 Shares |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 1:58pm On Dec 08, 2020 |
Kewtt: Heavenlybang fit tension you enter wahala officially now. It's even an E Class for that matter - with an updated version of the engine you so much love! 4 Likes |
Car Talk / Re: On The Eight Day, God Made The V8: My Journey To 400 HP by Eddee(m): 1:56pm On Dec 08, 2020 |
Congrats Heavenlybang - na this kind news dey gladden the heart. God bless you immediately bro! Bambamk I see you - maximum respect to Baba GAZZUZZ 9 Likes |
Car Talk / Re: Repairs by Eddee(m): 5:55pm On Dec 07, 2020 |
HeavenlyBang: Na offine talk be this baba. This family has so much to offer brave men. |
Car Talk / Re: Mercedes Benz Thread by Eddee(m): 4:30pm On Dec 07, 2020 |
HeavenlyBang: Attack is still the best form of defence eh? 2 Likes
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Car Talk / Re: Repairs by Eddee(m): 4:27pm On Dec 07, 2020 |
radautoworks: No be for my turn (sorry my padi turn) - we know our onions
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Car Talk / Re: Repairs by Eddee(m): 2:57pm On Dec 07, 2020 |
radautoworks: This 'Engineering' family, wife-material vacancy dey? Asking for a good friend and brother cc: heavenlybang 1 Like |
Car Talk / Re: Mercedes Benz Thread by Eddee(m): 2:49pm On Dec 07, 2020 |
HeavenlyBang: He stays out of people's businesses these days - In the spirit of this festive period Baba maybe you for just free Benz for am make peace reign. 3 Likes |
Car Talk / Re: Mercedes Benz Thread by Eddee(m): 11:17am On Nov 30, 2020 |
Aimuakeyz: Change your mechanic immediately. Confirm you’ve blocked and deleted his number - after that state your location so you can be directed to a competent person that will diagnose and fix your Transmission challenges. |
Car Talk / Re: Harsh 1-2 Shift, 2-3 And 4-5 Shift Flares On 2008 Lexus ES350 When Cold by Eddee(m): 6:50pm On Nov 19, 2020 |
Inception: Ah, just seeing this. |
Car Talk / Re: Harsh 1-2 Shift, 2-3 And 4-5 Shift Flares On 2008 Lexus ES350 When Cold by Eddee(m): 6:49pm On Nov 19, 2020 |
thebigkendo: I guess inception will give us feedback, yeah? |
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