1Sharon:
Says alot about your sister

you

Shatap.

Stop judging the little girl. At 16 without parental guidance, most of us would have done the same. What she needs now is our love. No shaming.

seanjy4konji:
It is not a scam...A lot of people are having it bad and rough in Nigeria including that friend...they including the month end so as not to give impression of no effort to pay back..As i am typing this i have less than ten k in my wallet and have people owing me over 4 million outside who i know are having it back also..Sapa is a no respecter of anybody...No one will have ecess and result to begging...

Word.

I detested borrowing like kilode, but now l am owing people in USA, Australia, Cotonou and Nija.

When l had it good, l gave a friend goods worth 500k +, sisi l no see. I have given to many others who can't repay. 50k here and there. I once supplied a friend who later left for the US and even called me from there several years later that she hasn't forgotten. It's more than 10years now, sisi she never give me.

It's no scam that I haven't paid what I owe... infact, it pains me to the bone each time I remember but what can l do
...hard times

Ythe3rd:

Hope you know this is for zenith bank users

Correct...A lot of ignorant people have throwing this around.

911 is the general code. Then you have to add your specific bank code.

HopeAlive16:

... "in seeking for solution, Nigeria found a problem" this is deep .God help us o

Word.

I thought I was the only one who said that qoute. Word on marble

JosephXavier:
It hasn't been easy at all

The first thing I do when I receive salary is to draw up a list of the things I don't have in the house and shop for them first especially foodstuffs because the worst thing that would happen to you is if you're hungry in this kind of economic situation

Then I subscribe for internet and my DSTV to keep me entertained in the house to avoid some unnecessary things that would make me spend like going out often

I try not to carry a lot if cash around so as not to fall into the temptation of unnecessary expenses

Finally, as a single guy, I avoid slay mamas for unnecessary billing or if I can't, I'll just say things to get them upset and not apologising so that the drama will last long

Not to mention that I'm still acquiring skills to help me move out of this country and be useful outside because I can't allow my kids experience what I'm experiencing

Correct guy...l like the upset them part.

Like to share? What sorts of skills are you getting?

Bgetto:
Life is bigger than who has money and who doesn’t. We must not all be millionaires to be happy .
100% agree with you,

I thought I was the only one who noted that part. 100%

Scientist are experimenting on the useof sniffer dogs for terminal ailments such as cancer

[quote author=Glitcher post=104698695] you just come online and drop your opinion as facts. The budget for the terminal of the cheapest airport in the US is about 1.2m$. Who does not know the cost of equipment and finishing touches is what makes up majority of expenses. Change your thinking paradigm. Be progressive minded. [/quotle]


You just scored an own goal. 1.2m$ is 600m naira

naptu2:
Serious oil exploration began in the 1970s (the Gowon era), around the time when the arab-israeli crisis was at its height. This meant that we had record high oil prices. Nigeria made a lot of money. Unfortunately, we also spent a lot of money.

People were being employed into the civil service to do jobs that did not add any value to the economy. As soon as you graduated you could easily get a job in the civil service, with a car and official house in Ikoyi (and later Festac and Satellite towns). The government took over lots of private companies (Daily Times, etc) and sunk money into them. We did not save for the rainy day. Instead of diversifying, the government was taking over profitable private companies and running them down such that, by the end of the 1970s, we were running a mono-economy (oil accounted for almost 90% of revenue).

In the early '80s the US ensured that the price of oil fell. The encouraged Saudi Arabia to flood the market with oil. They also encouraged peace treaties between Israel and Egypt, Israel and Jordan, etc.

The economy first showed signs of trouble around 1982. The price of oil (which provided about 90% of revenue) collapsed. The government introduced austerity measures. Some food items disappeared from breakfast and dinner tables. People started complaining (thinking about it now, we never knew how bad things would be later on). The 1983 elections+the economic problems led to the fall of Shagari's government (it didn't help that politicians were throwing lavish parties at 1004, importing prostitutes and buying long wheel base limousines).

Buhari came in and tried to stabilise the economy by force. Companies were made to advertise retail prices of their products. Soldiers went into the markets to enforce such prices (for example, if lever brothers advertises a retail price of 30k for lux soap and a trader is seen selling it above 30k, the soldiers would seize his goods and distribute them to the public for free). They changed the currency overnight, so that politicians couldn't take stolen money abroad. They also placed limits on overseas trips and the amount of money you could take out of the country. Buhari refused to take the IMF loan and accept their conditions because the government felt that it would impinge on our sovereignty. Some of these measures worked, while some failed.

Babangida came in and implemented SAP (probably the most hated government policy ever). People might want to kill me when I say that the SAP idea was not a bad idea theoretically. The fact is, it's not, but it was definitely not suitable for Nigeria of 1986. The idea was that the government should ban imports, encourage local industries and devalue the currency so that our exports would be cheaper.

The reality was that the government had taken over most of the major private firms, such that we didn't have indigenous private companies to take advantage of this policy. We had government companies and foreign companies.

Nigerians depended on imports. We went to the big department stores to buy cheap easily affordable/available imported goods. Even the poorest civil servant could afford these luxuries. SAP put these goods beyond the reach of most Nigerians.

The naira was suddenly and radically devalued (I remember Punch Newspaper's cartoon of the naira in a boxing ring, being knocked out by the dollar). The kobo became absolutely useless. People learnt a new form of arithmetic, I.e the 1-0-1, 0-1-0, 0-0-1, etc (breakfast, no lunch, dinner; no breakfast, lunch, no dinner). I think one of the biggest and most wide spread riots in Nigeria must have been the SAP riots of 1988. People were fed up! They almost got to Dodan Barracks!

Manufacturing companies closed down because they couldn't get cheap imported raw materials. The big department stores closed down because they couldn't afford to stock imported goods (the fall in the value of the naira meant that the masses couldn't afford the goods). Nigeria experienced de-industrialisation (Berec Batteries, Volkswagen of Nigeria and many other factories closed down).

Our value system also collapsed. Corruption became the rule, rather than the exception. There was no shame in it anymore. Honesty was seen as a sign of stupidity.

Things have improved since the return to civilian rule, but they have not improved fast enough and sometimes it seems we lack direction. We now have Nigerian brands that can take advantage of a SAP (Glo, Silverbird, Oando, AIT, etc), but the corruption, abuse of office and violence of the second republic has returned. Nigerians are disillusioned. People we're once very proud to be Nigerians. That pride is absent now.

Thanks

I enjoyed this. Can you write more?