Everyone learns in school that the sole purpose of business is to make money. This unfair story sits deeply in the minds of Nigerians and their economic system. It shapes the actions of most organizations. Furthermore, a glance at history shows how such beliefs narrow our point of view, limiting anyone that harbours it to unfavourable long term repercussions.

The Goal

One of Roqqu’s aims is to show, inexorably, that – at the heart of our most admired, top-rated, and enduring businesses – society and her people are not factors to be used as a means to an end. To Roqqu, the people are the ends themselves. They are the core reason for the entire adventure in the first place. Hence, society and human values drive our decision making process.

Roqqu has a goal to leave a mark on the financial lives of the people. For one thing, raising financial security requires the employment of actions that support families to move forward. Indeed, Finance, education, justice, health, and taxation are all factors that must be utilized. However, a financial system that focuses on the people and ensures access to fundamental financial goods, services, and goals, is playing its part.

Some companies do more to provide income or extra cash for customers once in a while. Roqqu, inturn, takes this commitment two steps further. We share our revenue from every cryptocurrency transaction with our users. In other words, Roqquians who refer people to the app become part of our revenue-pool, constantly earning extra cash on every transaction made by their referrals.

Under these circumstances, everyone can catch a glimpse of our priorities, seeing where we stand with respect to our customers. In the end, those businesses that put the people in front of their actions generally serve the longest. They are rewarded for being an evolutionary advantage.

Many Roqqu users know they can earn some easy extra cash by helping to spread the word; and they have done so. There’s a certain degree of responsibility attached when we refer a friend to a product or service we like, and seeing Roqquians appreciate the app enough to invite their friends, without the need of any incentive, is an adventure that drives incredible work and commitment from our team.

Nevertheless, Roqqu has spent Over 600 Million Naira giving bonuses to Roqquians who got their friends to sign up with their referral link. That’s not all. With respect to doing more for Roqquians, we plan to disburse over 1 billion naira for referral bonuses within the next 12 months.

How does the referral programme work?

Help friends discover Roqqu by signing up with your link, and earn 0.5% on every transaction they make. It’s a very simple process, and costs nothing to participate in. Roqqu app is best served with friends and family, chilled.

Just login to your Roqqu app

1. Click settings
2. Click referrals
3. Copy your referral link, you can’t miss it!
4. Share it with friends.

For Roqquians who may not know about the referral bonus, those who may have forgotten, or do not use it because they are unaware of its massive advantage in extra cash, this is a quick way we have provided for Roqquians to earn without stress. Apart from Sharing your referral link, everything else is automatic. Everyweek, Roqquians gain additional funds, cashout, or use the compiled extra for any of our services, products, or listings. So what are you waiting for? Share Roqqu today and continually earn passively.

Click link to download the Roqqu App on Android Google Playstore and IOS Apple Store

Or

Get Started Here Sign up

“According to the sector operators, the cost of exporting 100 tons of cargo in Nigeria is $35,000, compared to $4,000 in Ghana. Today, the leading ports for West Africa are in Cote d’Ivoire, Ghana, Togo, and Benin Republic. All these countries have modernized their port management systems, leaving Nigeria far behind.

“Nigeria can learn from Morocco’s world-class Tangier-Med port. The port is unique in that it is an industrial port complex, and a platform that has over 1,100 companies. They collectively exported over € 8 billion worth of goods in 2020.

“Companies located at the Tangier-Med port have allowed Morocco to move up the global value chains, including automobiles, automotive parts, aeronautics, agriculture and food manufacturing, textiles, and logistics. Annually, over 460,000 cars are manufactured in the zone for exports. And more interesting is that the bulk of the human resources to do these are Moroccans.”

From the Speech by Dr. Akinwumi A. Adesina, President of the African Development Bank Group at the Mid-Term Ministerial Performance Review Retreat, Abuja, Nigeria, 11 October 2021

Nigeria scores many own-goals. If not, these port issues would have been fixed. You make certain things in Onitsha, Aba, Kebbi, Lokoja, etc, yet you have to haul them to Lagos to export when you have water bodies to build new ports in Akwa Ibom and Cross River to help Lagos!

Nigeria has a major double whammy: accelerating insecurity which is distorting its national budget, and constant need to purchase firearms even when it does not have a favourable balance of trade, pushing its currency into deeper valleys. To fix that problem, the nation’s president wants to have an import substitution: yes, make firearms locally. People, “On Monday, President Muhammadu Buhari said it’s time Nigeria starts building its own weapons to curtail dependence on foreign supply.”

“To address our over-dependence on other countries for military equipment and logistics, I have instructed the Defence Ministry to create a modest military industrial complex for the local production of weapons to meet some of the requirements of the country’s armed forces. This is being implemented under the Defence Industries Corporation of Nigeria (DICON), a military department responsible for arms manufacture”.

I have written consistently that the insurgency in Nigeria provides a huge opportunity for the nation to develop a defense industry which if managed well could serve the world. Yes, unfortunately, the world will always have problems – and weapons will always be goods.

Yet, I am concerned because with corruption they can produce 100 for the government and 1000 for politicians ahead of elections. At least with import, you make the process harder but with local production, leakages will bound. This needs to be well managed!

Nigeria to Begin Local Firearms Production

The Nigerian government has depended on foreign arms supply in combating insurgency in the country. But as Nigeria’s insecurity situation escalates with new features such as banditry and Unknown Gun Men (UGM), the government is seeking a reprieve from dependence on foreign arms supply through local production of arms.

On Monday, President Muhammadu Buhari said it’s time Nigeria starts building its own weapons to curtail dependence on foreign supply.

He made this known during his opening remarks at a two-day Mid-Term Ministerial Performance Review Retreat, organized to assess progress made towards the achievement of the nine key priorities of his Administration.

Buhari said he has instructed the Ministry of Defense to create a modest military industrial complex for the local production of weapons to meet some of the requirements of the country’s armed forces. He explained that the establishment of the industrial complex would address Nigeria’s over-dependence on other countries for military equipment and logistics.

The project, he explained, was being implemented under the Defense Industries Corporation of Nigeria (DICON), a military department responsible for arms manufacture.

“To address our over-dependence on other countries for military equipment and logistics, I have instructed the Defence Ministry to create a modest military industrial complex for the local production of weapons to meet some of the requirements of the country’s armed forces. This is being implemented under the Defence Industries Corporation of Nigeria (DICON), a military department responsible for arms manufacture”.

In the past, the federal government’s attempt to purchase arms from the United States, under President Goodluck Jonathan, was reportedly rejected by the US government, at the heat of Boko Haram insurgency. Recently, Nigeria received six A-29 Super Tucano propeller-driven aircraft from the United States, which are currently being used for training, surveillance and attack by the military.

“It is gratifying to note that only recently, we received six A-29 Super Tucano aircrafts as part of our efforts to boost the nation’s campaign against insecurity. The propeller-driven aircrafts are being used for training, surveillance and attack by the Military. President Buhari said it is part of efforts to strengthen national security.

“As part of the efforts towards strengthening our national security, we have increased investments in arms, weapons and other necessary equipment; expanded the National Command and Control Centre to nineteen states of the federation; and established a Nigerian Police Trust Fund, which will significantly improve funding for the Nigeria Police Force,” he said.

The newly acquired Super Tucano aircrafts highlight how much Nigeria depends on foreign nations for arms, and it is believed to lend credence to the move by the federal government to establish local arms production. However, there is a major concern.

The proliferation of arms in Nigeria has become a national crisis that the federal government is grappling with. President Buhari mentioned arms smuggling as one of the reasons Nigerian land borders were shut in 2019.

Last year, SBM Intelligence’s report estimated the number of small arms in circulation in Nigeria at 6,145,000, with armed forces and security agents accounting for 586,600 firearms.

The proliferation of illicit firearms, which has unprecedentedly fueled crimes and terrorism in the country, has been attributed largely to locally made weapons. The National Small Arms and Light Weapons Survey said locally manufactured arms contribute to a large percentage of arms in circulation in Northern Nigeria especially in North Central, a point SBM Intelligence supported.

“In Benue and Plateau states, both in the North Central region, locally made weapons are estimated to be used in over 50% of crimes committed – 62% for Benue State, and 69% for Plateau State. In Adamawa State in the North East, it is 32%,” it said.

Against this backdrop, Nigeria’s government’s move to begin local arms production raises further concern about public safety since there has been a huge vacuum in efforts to control arms circulation. Although in May, President Buhari set up an arms control unit dubbed National Center for the Control of Small Arms and Light Weapons (NCCSALW), which is domiciled in the office of the National Security Adviser, there is skepticism about how much it can do.

Nigerian security forces have been accused of complicity in the smuggling of arms into the country, and helping local manufacturers of arms to distribute them across Nigeria. This loophole has fuelled doubts about the ability of the newly inaugurated NCCSALW to contain the circulation of illicit firearms in Nigeria, it also questions the government’s capacity to protect locally manufactured arms from getting into the wrong hands.

Good People, join me to congratulate some McPherson University final year students for graduating from Tekedia Institute CollegeBoost. I want to wish all of you an amazing future ahead. We thank MCU leadership for this partnership which makes it possible for us to co-learn with the workforce of the future. McPherson #Champions, the future is full of abundance; good luck and congratulations.

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