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Home Blog Page 6870

Nigeria Customs Services’ Seme-Border Command Generates N2.7bn in 3 Months

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By Oko Ebuka

The Nigeria Customs Services (NCS), Seme-Border Command has remitted over N2.7 billion into the coffers of the federal government within a period of three months.

In a statement by the Customs Area Controller, CAC, Seme-Border, Garba Uba Mohammed, he said that the Command impounded 8,304 bags of 50 kilogram foreign per boiled rice which is equivalent of 14 trailers with Duty Paid Value, (DPV) of N88.7 million.

In furtherance to this, the Customs boss said that 1,582 parcel of Cannabis Sativa concealed in an Indomie pained truck and another 55 parcel concealed under a corpse; both valued at I’ve N30 million, were equally impounded.

He also disclosed that the Command seized 13 vehicles including Toyota Highlander (2005), Range Rover (2017), Toyota Rav 4 (2006), Toyota Venza (2010) and others with combined DPV of N42.1 million.

Other items includes a truck load of 493 pecks of baby diapers valued at N4.1 million; 2,000 cartons of expired biscuit valued at N7.7 million and 410 sacks of school bags valued at N13.2 million, he noted.

Also listed amongst items seized according to Mohammed includes 31 jerry cans of 25 litres each with DPV of N269, 911, 138 jerry cans of 25 litres each valued at N212,100: 71 cartons of expired food seasoning worth N458,109; 35 bags of 50 kilograms sugar and many more.

Along with the seized, six persons are in custody. According to him, “Let me re-emphasis that the Command is determined to detect, arrest and prosecute those who fail to comply with the extent regulations.

“He called on Nigerians should be patriotic by supporting the Command by reporting any smuggling activity or relevant information that will assist the Command in discharging its obligations.

He said the Command is working at leveraging on modern communications tools to improve cross border efficient along the corridor in facilitating border crossing for the promotion of regional integration towards simplification, standardization, and harmonization.

The Foreign Figure Factor Poses Threat to Nigeria’s Economy

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By Oko Ebuka

Nigeria is currently experiencing an economic dwindle which practically affects the nation’s seaports especially on the issues of exportation and handling of cargo businesses in ports like Apapa and Tin-Can Island respectively.

From my investigative research, there are strong indications that the country is clearly losing out on the economic activities going on the ports as over 99% of Lebanese and Indians are currently in charge of all the strategic dealings concerning export and importation.

Sequel to this, the degeneration of human capital development is on the high side as fewer Nigerians now have access to operate in the port which is rightly situated in one of the country’s economic hub.

Unemployment rate can be reduced drastically if the government can conscientiously introduce the “Indigenization Act”, as proposed earlier by Dr. Farinto Kayode (a Maritime guru), and legally back it up to give the citizens a well-deserved national respect economically.

Furthermore, there should also be a critical review on the issuance of import and export licenses to these foreign bodies which ought to give edge to Nigerians for them to emphatically have access to the ports without restrictions.

Maritime sector is one of the major key players in the economic growth which should be properly harnessed in a way to raise the economic base and alleviate poverty in the country especially by carrying citizens along.

What Employers Look As They Hire

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Banks, oil companies, and telcos like to hire at least Second Class Upper graduates. The reasoning is simple: those grads have done well on something. Yes, they scored a set-piece goal in that football game of university education. It is not really the grade that matters but the processes to get to the grade. Making good grades demand discipline, focus and mastering of time. So, if they can replicate those attributes at work, they would be good employees.

The biggest victory in life is victory over your time. If you master your time, you will win your future. Greatness has been achieved not because of special talent but rather via total dedication, perseverance and commitment through mastering of time. A man who cannot manage his seconds will wander through the boundless of time.

It is irrelevant that a Second Class Lower may be better as an employee. Current data before the HR officer has demonstrated he did not score the set-piece goal in university education. Perhaps, even though he seems talented, data via grade is showing he could not manage time and other elements to score better grades. Why do you think he will be better as an employee?

Young people, it is painful when I see brilliant people lost in the sea of career because of poor grades. Good grades open great scholarships. They bring good jobs. They give you options. And when you match the grades with capabilities, opportunities abound. Do not be shy on pursuing great grades – those outcomes demonstrate your commitment to succeed on a cause.

The biggest misstate in life is when people fail to understand that while grades may not determine sustained winners, the processes to good grades have predictable outcomes. A student, who graduated with Second Class Lower (2.2) because he worked to put himself through school, managing many factors concurrently, will be fine. Those processes sustained will see him through in his career. He is different from another Second Class Lower who lazily cannot make time to study. He has the mind for First Class but being unfocused landed in 2.2. Unless he changes his process, he will struggle.

Life is not just defined by outcomes but the processes that lead to the outcomes. If your processes are great, society will reward you, not just in the specific endeavor but other areas. Yes, you may have 2.2 after putting your best with discipline and focus, but the cherished job is unattainable, relax because society will reward that work ethic. But if you made that 2.2 because you were exceedingly unfocused, your problem is not the grade, but your process. Until you fix that process, you will struggle.

How To Make Great Decisions

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By David Alade

Life defining decisions always require a leap of action, we find it hard to take these actions as we move forward in life. The reason for this though not considered in this article, I will be taking time to take us through “how to ensure we are making a worthy decision in the light of three purviews.”

The purviews are not a guarantor nor would they be painted to serve as one, but they tend to reduce the probability of us making a harmful decision.

There is something we all know about making a decision: we all know it will either make or mar us depending on whether we make it, when we make it, and how we make it.

There is another thing about decision that is not always so obvious; it requires a LEAP, a leap of action. Life defining decisions always require a leap and many times the leap is demanding hence we fail to make it.

How do we ensure that we make the right decision at the right time and take the required leap per time? It remains a puzzling question and the answer I’ve come up with may surprise you.

The first thing I realized about this puzzle was that, while some decisions appear right on the go, some are contemplative, i.e. it’s a great decision to be educated no one will or should contend that (right on the go), on the other hand which avenue should I use in pursuing my education can be contemplative hence requiring a leap either of monetary investment or time investment.

The second is, the majority of our life-defining decisions are contemplative. Unlike should I sleep now or not, questions like should I marry, who should I marry, should I attend grad school and should I quit this job are highly contemplative questions.

Third, because the majority of our life-defining decisions are contemplative, we cannot always be sure whether we are right or wrong. To make all decisions on the altar of right or wrong will leave us in an undeserved perplexity, because it is neither right to attend to attend grad school nor wrong not to attend. It is much deeper.

If we cannot always be sure whether we are right or wrong on life-defining decisions, then I think it behooves us to conclude on another metrics beyond right or wrong upon which we can make contemplative decisions.

The new metrics I came up with are under three purviews.

Purviews because are not a yes or no decision metric but a metric that helps us reduce the confusion within our contemplative decisions.

The 3 purviews are:

  1. Second-Party Purview
  2. Self-Settlement Purview
  3. Sliding-Time Purview

Second Party Purview

Law of large numbers in mathematics tells us that “with an increasing sample size that tends towards meeting up the population size, we tend to have a true and representative global mean of a distribution.”

It’s not a complicated way of thinking, the law is simply saying with more opinion that you get from different people regarding your contemplation, the more you are able to access the veracity of your decision based on different idiosyncrasies.

These are sample opinions you should get.

  • Opinion from those who seem to be always antagonistic
  • Opinion of those who seem to be supportive
  • Opinion of those above you and that of those of your peer and when needed those below.

As much as possible get all second party’s view on a decision that you can get. The beauty of this is that they will see things differently from you and help refine your thinking based on their own experience. You will benefit from the wealth of knowledge and judgment of those whose opinion you sorted.

Don’t be afraid to ask others opinion I must add, a friend that went through the first draft of this article has this to say, “I have found that whenever we are reluctant to subject our opinions and thoughts to others to judge, it is because somewhere in our heart we know we are wrong and we know others will point it out to us – and we don’t want to face the truth so we hide away” – you want make sure this is not the reason for your hesitant to get a second party opinion.

Don’t be fooled though by the folly of the multitude, sometimes multitude can be wrong and that is why you have the next point which will be discussed.

Self-Settlement Purview

A decision whose upside and downside you cannot accept should hardly be considered at all. This purview is really about you, your experiences, idiosyncrasies, and judgement metrics. Like I mentioned earlier, it’s not about right or wrong, it is about your readiness for what you are considering.

All what you are made of plus the opinions you’ve sampled from the first purview come together at this point so you can think your decisions through and make a call regarding your leap.

I put this in number 2 because you really may not be able to consider all views/angles yourself until number 1 is done. With number 1 done, you tend to think more clearly about your options.

The self-settlement is about you being ready to take and accept the decision.

Sliding Time Purview

“Don’t make a promise when you are happy and never make a decision when you are angry” is still a valid caution. The tendency is there that your life-defining decision requires that they be made when you are not mentally ready to make such, as much as possible buy yourself enough time to think clearly without emotions on the decision. What you want now and in 3 hours you don’t want again is an example of decision that sliding time purview will greatly help to fix.

Let time slide and see if you still want to abide by that decision.

Sliding time purview is well known and can be a very useful tool. Remember an observer cannot truly understand a system of which he himself is a part, sliding time affords you the opportunity to separate yourself from the system for a while.

With this said, plus your careful consideration of the spirit of the word, you are on your way to living a life where you have less and less decisions to regret in life.

Ask another person about it, don’t take unilateral decisions, take time to consider all points of view before deciding, and after you’ve decided, before execution, allow time to pass if it’s possible. You should hardly go wrong. This is a needed loop as you journey on in life and make life-defining decisions.

“Nigeria is not an oil economy …Our biggest export is Nigerians”. PwC Chief Economist

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It must have been a brilliant speech: Andrew Nevin, Chief Economist at PWC, outlines the critical frameworks to accelerate economic development in Nigeria. He gave the talk at a  birthday dinner for Pascal Dozie, founder of defunct Diamond Bank. Here are some great lines picked from the diaspora portion (not in this order).

  • If this applied to Nigeria, it would mean that diaspora remittances would be close to $40 billion and more than 3 times the USD the government receives from oil

  • Nigerian Americans already earn more than the average American, an incredible accomplishment for such a new immigrant group

  • Nigeria is not an oil economy and our biggest export is not oil … Our biggest export is Nigerians. What it also means is that the only thing holding up the economy is the Diaspora; if we didn’t have this massive flow of remittances, I am pretty sure the economy would collapse

  • What is confusing to me is why this is not discussed more … official figures keep repeating that oil is our biggest export when it is not true. We have a flow of almost $40Bn that is not discussed much … very difficult for me to understand how someone can claim to be analyzing the Nigerian economy when they don’t look at the biggest item

Besides diaspora, he provided four other enablers to take Nigeria to the mountaintop: “branding” the nation, deepening informal sector & self-organizing institutions, improving public sector and modernizing the real estate sector. The full talk courtesy of Business Day.