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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4605236 Views)
Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by Saybal(m): 8:04pm On Aug 01, 2020 |
He has finish constructing obajana to kabba road within 2years concrete road with iron reinforcement travel time less than 30min but over 2hrs before. The roads he is constructing have iron rods for reinforcement, concretes and cements are used for the roads and they have a minimum life span of 20 years before they will need repairs. Who is responsible for the construction of the railways? If government cant construct them, why cant they handover to the private sector and the state governments, so that there will be less pressure on the roads. The group has taken the bull by the horns, I learnt they will enjoy tax benefits for about 5 years, hopefully they will be involved in the construction of more roads .. It is a win win for Nigerians, the government, shareholders of Dangote cement, Lafarge cement, BUA cement and Julius Berger, Flour Mills of Nigeria[/quote] 1 Like |
Re: Treasury Bills In Nigeria by Godbpraised: 8:05pm On Aug 01, 2020 |
Na to enter Abuja, i know mind bungalow. emmanuelewumi: |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:13pm On Aug 01, 2020 |
rmx: How many people in Lagosians have income? How many Lagosians are economically viable. What is the percentage of the productive population in Lagos. I doubt if 4 million Lagosians are economically productive, the rest are children, students, unemployed youths, retirees and other dependants. Just 400,000 Lagosians pay tax In any population the top 3 percentile is at the upper class of the population. Even in the US the percentage of the population with a Networth of $1 million is less than 5%, except if just changed. So it is impossible to have a business in a small town in a South Western state, and you are worth N500 million or in the top 2nd percentile of the Nigerian population, and your wealth will be hidden from the people when the person is not a portfolio Investor but a business owner 3 Likes
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Re: Treasury Bills In Nigeria by Donbrig: 8:17pm On Aug 01, 2020 |
It is a very brilliant idea to allow these private sectors to handle some infrastructure and get tax cuts from FG, banks should also be onboard. Private sectors can play a huge role in building our infrastructures and get tax relief. FG has too many loads they are not still willing to offload, at the end, all we have is corruption, mismanagements, litigations and several inconclusive court cases. FG should only handle sensitive projects like security. emmanuelewumi: |
Re: Treasury Bills In Nigeria by odimbannamdi(m): 8:40pm On Aug 01, 2020 |
emmanuelewumi: I passed that road early last month, for the first time since this year. Mehn! That road was standardly and solidly built! 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 8:44pm On Aug 01, 2020 |
odimbannamdi: And cheaper than what it would have cost government to construct the road. Completion of the project was also very fast, 5 Likes |
Re: Treasury Bills In Nigeria by emmasoft(m): 8:44pm On Aug 01, 2020 |
6by8long: Suggestions Mutual funds-- VGIF recommended 7.5% Gurranteed Stocks GTBank and Zenith if you can take the risk Click on my signature to do any of the suggestions with investment one (former GTBank asset management) 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by rmx: 8:51pm On Aug 01, 2020 |
emmanuelewumi: Correct in his assertion that the person worth is among the top 3 percent in lagos If he is truly hidden or he thinks so is another matter Said one of the western states , assuming Ekiti , ondo , osun , oyo and maybe Kwara , I know at least 5 people resident in those states worth those figures I quoted . I rest my case |
Re: Treasury Bills In Nigeria by kintus(m): 10:58pm On Aug 01, 2020 |
ojesymsym: Why now ![]() I hope he gets here soon. But, wait how did you know he was banned?? 1 Like |
Re: Treasury Bills In Nigeria by ojesymsym: 11:02pm On Aug 01, 2020 |
He mentioned me. If he likes he can quote me again and I can help him post his message here kintus: 1 Like |
Re: Treasury Bills In Nigeria by Thisnut(m): 11:24pm On Aug 01, 2020 |
ahiboilandgas:bro 2000km or 200km? Because 2000km is like Nigeria to Liberia. The farthest you can travel within Nigeria should not be more than 1500km. |
Re: Treasury Bills In Nigeria by ojesymsym: 12:01am On Aug 02, 2020 |
Its possible. Lagos to Abuja alone is 725km one trip, to and fro is already 1450Km already. that is one weekend of travel. Thisnut: 3 Likes |
Re: Treasury Bills In Nigeria by igbizen(m): 12:05am On Aug 02, 2020 |
[quote author=Thisnut post=92356588]bro 2000km or 200km? Because 2000km is like Nigeria to Liberia. The farthest you can travel within Nigeria should not be more than 1500km. [/quote ![]() ![]() ![]() |
Re: Treasury Bills In Nigeria by mindtricks: 12:24am On Aug 02, 2020 |
emmanuelewumi: "Normal thing" is the keyword. Can't thank you enough for speaking my mind. 3 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:34am On Aug 02, 2020 |
Thisnut:i dont know how u read sha if u do 1000km going and 1000km back how many km have u covered 1000 or 2000 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 12:36am On Aug 02, 2020 |
ojesymsym:no need to explain to him |
Re: Treasury Bills In Nigeria by mindtricks: 1:19am On Aug 02, 2020 |
ultron12345: Omo see sense! |
Re: Treasury Bills In Nigeria by mindtricks: 1:40am On Aug 02, 2020 |
ahiboilandgas: Rather Deafening! And some say we can dissociate governance mess from why we are here? The large chunk of these recurrent wastages going to those in governance alone, really mind blowing! 1 Like |
Re: Treasury Bills In Nigeria by maishai: 2:09am On Aug 02, 2020 |
ultron12345: No one can run a business successfully without engaging in some forms of social engineering, when u see Nigerians complain of Indian managers, deep down what I discern most times is that I can't steal to my hearts intent, but look @ it this way , most expertriate u see in Nigeria are pure douche bags in their country and there is this imperative and natural self drive to perform cos back home he remains a douchebag even with all his money, I once met an Indian manager of a big electronic distribution firm who has never been more than a cook in India, he learnt all to learn about the business here in Nigeria and ever since the owner(Nigerian) brought him into d company things have remained stable........you see the same Nigerians that would normally steal their hearts out curry for this mans Favour and within 6 months an accurate picture of what is happening is already out and he plugs all loopholes................"a mere cook" delivering what certified managers can't do, worst part is that with this cook in control every one seems content with their take home and happily police the business for the cook 12 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:31am On Aug 02, 2020 |
Thisnut: The 2000km travel by road, could be made in a week or a month moving from one part of the country to another, to and fro. Truck and Commercial bus drivers can even make 5000km or more in a month |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 6:39am On Aug 02, 2020 |
emmanuelewumi: Cement/Concrete road is very expensive and Dangote is doing a substandard work on the Lagos-Oronshowki expressway. It's just the main carriage way they are fixing nothing more. I feel it's a loss on our side. 3 Likes |
Re: Treasury Bills In Nigeria by CsRockefeller(m): 6:42am On Aug 02, 2020 |
You are reconstructing a road, no median, no culvert, no drainage, no road sign and markings. They aren't even the first with the technology, JB has had it for a long time but it's too expensive for the Govt to afford. All your bridges are built with the same technology. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:43am On Aug 02, 2020 |
CsRockefeller: Which of the roads? Where is the location of road? I disagree with you. Let us wait for how soon the roads will need repairs before saying it is substandard. When you drive on a solid road that is well built you will know, I think Apapa Oshodi express road is about the best road in Lagos as we speak 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:47am On Aug 02, 2020 |
CsRockefeller: Can you share the location of this road? Pictures or videos will do a better job. The Anthony axis of the road around Total filling station that used to be flooded whenever it rained before he took over the construction of the road, are now devoid of floodings |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 6:50am On Aug 02, 2020 |
Chinese Construction Engineering Company, handled the LASU/Igando road. The contract was awarded by Fashola. One of the bridges constructed over a stream did not last 24 months before it caved in. 1 Like
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Re: Treasury Bills In Nigeria by CsRockefeller(m): 7:06am On Aug 02, 2020 |
emmanuelewumi: It's still the same express way especially at the Ogudu to Alapere end. Road construction is not just building a strong or durable main carriage way, other things also help to make it last and for commuters safety. The side median his company tru PWC or is it PW is building have all fallen. How can you do a side median without supporting it with concrete? The drainage system still present is what JB built years ago, the fee they patch they make use of this local system by forging the iron on site and using wood to support the concrete. It's just like the Chinese tru CCECC that think they are building sth fantastic. Go and see the rail and bridges they are constructing, so substandard. Look at Ikorodu road they handled just few years down and it's so bad. JB still remains d best and Dangote or the Chinese should not deceive Nigerians that they are building anything solid because they aren't. If you want to reconstruct a road and do it right from the scratch like it's being done on Lagos Ibadan express way. What Dangote is doing is mere carriage way resurfacing just that now it's concrete and the tax relief he is getting doesn't worth the work being done. 1 Like |
Re: Treasury Bills In Nigeria by ultron12345: 7:13am On Aug 02, 2020 |
ahiboilandgas: Apart from all these waste that need to go, we also need to increase our revenue. Our revenue is generally too small. We need to work on that, especially tax revenue. The majority of Nigerians pay little to no taxes. I don't agree with this narrative that once we do away with NASS 0.12T (out of personnel budget of 2.4T), the country will suddenly turn to London. A family of 10 people, earning a combined N5k per month, no matter how non-corrupt they are, they will still suffer from poverty. Yes, waste and corruption have to go, but revenue has to also go up. We have one of the lowest tax-to-gdp ratios in the world att 4-5%. France is at 48%, Germany is 44.5%. Those countries are much richer so let's leave them and compare with our neighbors with similar or even worse socioeconomic demographics. Benin is at 15.4%, Cameroon is at 18.2%, Ghana is at 20%, Togo is 15.5%. Our budget of about $26bn is too small for a $380bn economy with 180M people. And the most surprising part is we still have to take loans to fund this tiny budget. South Africa has a budget of $120bn for a smaller economy with 50M. But they are of different socioeconomics with Nigeria, so let's use a similar country as example. Ghana with similar socioeconomics with Nigeria has a budget of $14bn annually, for a population of 29M and a $60bn GDP. Meaning their spending $483 per person and spend 23% of their GDP. Nigeria on the other hand, is spending just about $144 per person and just 3.68% of our GDP. How can you expect similar level of development when Nigeria is spending far less due to far less revenue. For Nigeria to operate at the level of Ghana, we need to generate 20% of our GDP in taxes, that is $76bn in taxes. Then spend have a budget that's 23% of our GDP (the extra 3% can come from loans or other sources of income, not now where loans are used to finance almost 50% of the budget) at $87.5bn. At this level, per capita spending will be equivalent at $486. I see it as a miracle that open our abysmal spending that is just about a third of Ghana's, in terms of development, the difference is not that much. And upon this low revenue, unlike Ghana, we are the ones who will still subsidize everything, from fuel to ceaserian section to electricity bills. About the loans and debt, Nigeria has one of the lowest debt-to-gdp ratios in the world at just about 23%. Most of the developed countries have it at 80-130%. Japan is even at 223% (yes, more than twice of their GDP in debt). Ghana is at 73%, Benin at 54%, Chad at 52%, Gabon at 61%. Yet, these countries like Ghana with relatively high debt don't use up to half of their budgets to service those debts, because those budgets are large compared to the debts. We in Nigeria with a supposedly low debt profile are the ones using almost half of our budget to service debt because the budget is too small compared to our GDP. Imagine we had 73% debt like Ghana. It's means we'll use 100% of our budget to service debt and still borrow even more to complete the debt servicing. Our debt is not the problem. The problem is that we are making too little revenue to service a debt that we should have serviced very easily if we made enough. Another advantage of taxes, is that is promotes accountability. If Nigerians we're paying taxes, I doubt we'd allow all this corruption go on. As at now, all the money being stolen is like free money from the ground, and no-one cares. That's why nigerians will destroy public property and politicians steal with impunity. If these were built with taxation which is the collective sweat, blood and tears of the population, I doubt you'd allow anyone damage streetlights that we're built with your money. Any politician that does anyhow will be voted out. No more selling and buying votes, because if income taxes are 20%, and I'm earning 30K, meaning I'm paying taxes of 6K monthly, 72k annually, and 288k for a 4yr tenure, do you think I would collect 2K bribe during election to vote for someone I know would squander my 288k for the next 4yrs. Imagine, all Nigerians pay 6-7% of their income as a firm of health insurance premium, for free healthcare, similar to the UK's NHS. If we have 80M economically active Nigerians, who earn ON AVERAGE 45K monthly. That would be an annual healthcare fund of at least, 3T annually (current healthcare budget is just about 300B of which 90% is spent on salaries). Imagine how that would boost the life expectancy of Nigerians and even the economy. With that, we'll be able to build all the hospitals we need, buy all the fancy high-end equipment we want, and employ adequate numbers of all the doctors and healthcare staff we need. If we don't have enough, we can even start poaching staff from poorer African countries like Burundi, Ethiopia, even Ghana. If 30% (900B) of that money went to drugs, it would boost our pharmaceutical industry, create more jobs, bring in more investment since pharmaceuticals are sure of a large market etc. With the tiny revenues of listed pharma companies on NSE, I doubt if the entire drug market in Nigeria is even up to a third of that. If 10% of that went on healthcare research, who will challenge us in Africa. It'll create jobs for the many biomedical graduates in well funded research institutes. This is just an example. Similar miracles will happen if this principle is applied in other sectors. 19 Likes 2 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:15am On Aug 02, 2020 |
CsRockefeller: He gave a guarantee of 40 years for the life span of the road, anything short of that he will have himself to blame or his business will finance the repair. Ogudu axis is yet to be completed, it is a work in progress. Let them complete the work before arriving at conclusions. It will be better to judge the work done based on what you can see from Apapa to Oshodi. At a cost of less than N80 billion for a 35km to from Apapa to the old toll gate, I think that is the cheapest you can find any where in the country 1 Like 1 Share
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Re: Treasury Bills In Nigeria by Thisnut(m): 7:28am On Aug 02, 2020 |
ahiboilandgas:boss, no need for all this. You said you traveled OVER 2000km, meaning one way was over 2000km. If one way was 1000km, that means you were still within 1000km limit or 2000km ROUND trip. You were describing the strength of a road and the cause of accident by trucks of a one way. You are right sir. 2 Likes |
Re: Treasury Bills In Nigeria by Crazeworld(m): 7:29am On Aug 02, 2020 |
Saybal:In my opinion, this particular road doesn't look like it can last 10 years not to talk of 20. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:34am On Aug 02, 2020 |
Crazeworld: His business will be responsible for the repairs of the road. Internet does not forget. He promised 40 years life span, anything short of that will be on his account which is better for the government. We spend more money repairing roads than what was spent constructing the roads |
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