Nigeria Property

Friday, May 22, 2015

Buhari Reportedly Flies To London On Same Plane With Dieziani

Buhari should tax the rich more and raise minimum wage by Ahmed Adamu (PhD)

There have been misconception that giving tax incentives to the rich help incentivise job creation, because the capitalists are perceived to be job creators. The truth is, they do not. Ordinary consumer is more of a job creator than a capitalist.

Business people taking credit for creating jobs is highly unfair. Business people hire people as their last resort, as they only hire to keep pace with the consumer demand. The Nigerian Personal Income Tax act is unfair for allowing fixed tax rate for resident companies, while varying that of personal income tax rates.

The rigidity of the resident company tax rate allows for unnecessary overgrowing of few companies and making many more to close down. Small, medium and big companies pay 30% of their profits as tax irrespective of their return and size.

Consequently, rich are getting richer and more citizens that are of middle class were relegated. Statistics have shown that, we have more unemployment as number of millionaires increases over time. If number of millionaires can create jobs, we will not have the level of unemployment we are having now in the country, which is of a record high (23.9%), this without including the estimated 30% more that are under-employed.

The individual consumer needs to be incentivised. If the minimum wage is to keep pace with the inflation rate, the minimum wage would have been anything above N25, 000 by now just within five years since it was reviewed to N18, 000. Jobs are consequence of eco-systemic feedback loop between customers and businesses. If the middle class thrive and do well, both the capitalist and the poor benefit.

Therefore, let the rich be taxed more, so that we can create more middle class people, who consumes more and then create jobs by virtue of their consumptions. Company tax system should be proportionate to the income level. Business with profit less than N80 million should be taxed at 25%, business profits above N80 million but not up to N500 million should be taxed at 30%, and any profit margin above N500 million should be taxed at 35%.

This should not include companies operating in the petroleum sector. There should not be credit breaks for big companies, unless for special circumstances. However, tax breaks can be allowed for small and medium companies. Minimum wage should be upgraded to N25,000.

With the pending austerity measures, government expenditure (recurrent) must be reduced by at least 10% every year for four years, the tax rates should be increased and compliance enforced. Compliance will not be a big deal because people now have trust and confidence on the government.

However, there should be immediate reflection of benefits derived from tax payments. This should be showcased in areas like improving access to electricity, increasing the minimum wage, improving access to quality and affordable health care and educational system. All leakages of government revenue resulting from corruption should be blocked and channelled that to power sector at least in the short term.

Thank you

Ahmed Adamu (PhD) is the President, Commonwealth Youth Council

Bomb Explodes in Saudi Shi'a Mosque During Prayer, Casualties Reported

Falcons Begin Training in Toronto, Canada

Woman accused of witchcraft burnt to death in Kebbi [Graphic Pics]

Pastor Chris Oyakhilome And his Estranged Wife Are Back In Love?

Siasia Invites 30 Players for Caf U-23 Championship Qualifier

Photos: Popular Music star Kcee spotted hawking MTN recharge cards on the streets

Pics: Fayose supervises the relocation of Hausas from Atikankan to Sasa after attacks

Pics: 1 passes on, 4 injured in fatal accident along keffi-kafanchan road

Thursday, May 21, 2015

Tips for Overcoming Flight Fright !

TIPS FOR OVERCOMING FLIGHT FRIGHT

Flying is very, very interesting and exciting. That is why it is the most attractive and fastest mode of transportation. It is preferable to driving. However, one disadvantage of flying is the extreme impact of a crash. It is very rare to find survivors. This has discouraged many potential flyers from flying. They either prefer to drive or refuse to travel. There are others who love flying but anxiety is written all over their face as they board the flight. The possibility of a crash according to findings by Jovago.com is that the possibility of a crash is 1 of 5,000. Jovago.com, Africa’s Number 1 Hotel Booking Portal gives you some tips on how to surmount flight fright thereby ensuring that you enjoy the flight.

ARRIVE AT THE AIRPORT EARLY

If you are scared of flying, you would do well to arrive at the airport early. This will give you enough opportunity to observe the operations at the airport. How people are briskly leaving and boarding various airplanes with so much confidence. You can see that nothing actually happened to them. Observing others may probably serve as a confidence booster.

IDENTIFY THE CAUSE OF ANXIETY

Identifying the cause of your anxiety whenever you fly will go a long way in helping you to conquer flight anxiety. Ask yourself why are you anxious? Most times, it is the fear of the turbulence, take-off, crashes and landing that causes anxiety. This is peculiar to every flyer. However, there are other identifiable causes. So, ensure that you distract yourself when you are on board. Don’t allow your mind to focus too much on the negatives of flying. Importantly, don’t watch a movie that involves an air crash as this will obviously help in decreasing your fear of flying.

EDUCATE YOURSELF

Flying a plane involves four steps namely Gravity, Drag, Lift and thrust. Understanding these steps will help you to be more comfortable with flying when the plane is taking-off, landing as well as encountering mechanical problems. According the FlyFright, statistics reveal that 73% of fearful flyers are afraid of mechanical problems during flight. Hence, acquiring a bit of knowledge will also play its part.

PRETEND YOU ARE IN A BUS

If you know you can pull through a flight thinking that you are in a bus when you are actually in a plane will make you feel better, why not? However, don’t bother sit close to the window as this would cloud your thoughts and the fright will rush-in like lightening.

CHOOSE THE RIGHT SEAT

Sitting at the back of a plane doesn’t help someone that is always inundated by flying. So, ensure that you select a seat at the front or middle of the plane. But, if you are unable to secure any of these seats, never mind, you can sit at the back. You will not feel the effect of any turbulence because the plane seats are durable and rugged enough to protect you!

Insurgency and the Face of Education!

Security is the safety from danger, fighting, war, sickness and mismanagement. A situation where peace , freedom ,health, love and quietness prevails giving guarantee and assurance for life, health and full opportunities for the development of individuals ,families ,communities and countries in all areas of endeavors to maximum capacity. Any said or not said, planned or designed, done or not done that militates against securing can therefore be said to be challenge to society.

However one can easily identify many factors that pose serious security challenge in Nigeria. These include communal, herbal clashes, sectarian violence, religious conflicts, and kidnapping, armed robbery. Kidnapping of pupils and student from rich parent background are commonly experienced in the southern parts of country .communal and tribal clashes frequently experience in the northern part of the country like Borno, Taraba, and Nasarawa state.

Religious conflicts which for long have continued to post major challenges to security in Nigeria, particularly in the northern part of the state specifically and currently the northern eastern zone of the country in the likes of Adamawa, Yobe, Borno, Bauchi, and Gombe, are the most recent but most heinous, brutal and savage. The devastation and destruction of both human lives and properties inflected upon those living in the states are beyond imagination. The importance of education in the life of a person can never be overemphasizes in both temporal and spiritual aspects of human existence, education is very paramount .it is the light that shows the way by removing the darkness of ignorance. It is the salts that give taste to life. The greatest favors one can do to himself is to get educated and to others to give them education.

Insurgency violent, conflicts or war, threats of such intimidation an abuse can have very serious and permanent effects on education thus not only slowing down any progress or development of potentialities available giving prominence to mediocrity at the priority because of excellence . When and where there is insecurity the priority become survival.That is the first natural instinct. The other entire thing education inclusive becomes secondary school are closed , pupils and student stay out of school or institution for as long as the insecurity persists where school building and property are destroyed or looted the situation becomes moiré complex, the effects more challenging . Sad as this situation may look if is better than cases where student are pursued and killed in their school.

This can be more brutal? Evil? How can there be education if there are no people to receive education? Student and pupils that are lucky to escape such brutality may be marred physical, intellectual or psychological for life, and sentenced for a life cripple. Come to think of these for a moment, those young boys and girls kidnapped from school by insurgence to be used as human shields, chips for ransom bargaining sex slave, boy soldiers or sold on tightly as slave. What can be more of evil, the effects on education is just staging and mind blowing.All these atrocities have been curetted on students in potiskum, Damaturu in Yobe state, chibok in Borno state, talk less of all the school destroyed in all the state in the north eastern part of Nigeria by religious insurgent.

The effects on education is terrible, retrogressive, destructive and damaging to the overall human progress and conflicts raging mercilessly, economics resources cannot meet up with such daunting challenges. At these moment, Nigeria has survive despite faced by insecurity and insurgent, not simply by the wisdom or vision of those in high office, but because of we the people have remained faithfully and committed to ensuring the sustainability and unity of our dear country which means nothing to others, but something to us .May the labor of our heroes never in vain.

BY MUSA MUHAMMED UNIVERSITY OF MADUGURI DEPARTMENT OF MASS COMMUNICATION 300 LEVEL

Borno Investment Company Collapse

In a nation that intends to develop socially, economic and politically there must have a sound and viable industries that would improve its economic base. Borno state is one of the ancient states in the North East sub-region of Nigeria which has a lot of viable industries enterprise and cottage industries which are still lagging behind industrially.

Due to its dormancy, Borno Investment Company limited was incorporated in February 1981. As private limited liability company is which is fully owned by the Borno State Government, the organization which started operation of its business in April 1987 which was aimed to stimulate the promotion of both private and public investment in order to hasten the industrial growth and development of the state.

Main while Borno Investment Company formally commenced business with an authority capital of N3-5 million. It was however established among others in promoting Financial and implementing viable small medium and large scale project in manufacturing commercial financial and service sector of the nations. It’s economic through equity and loan investment. Borno Investment Company vested with the responsibility of monitoring state owned companies which include metal shoe state hate, Maiduguri international hotel, wire and nail factory as well as soda ash industry among others. Among the scope of operations government investment in public companies corporations, provide for the financial and technical advises to private individuals and companies in form of feasibility studies.

Which has not been given due priority is now dormant. Right from other successive governments. The viable companies owned by Borno state government only on operational the three neighboring countries to the stouts Chad, Niger, Cameroon would no doubt patronize out products which are produced by these companies when adequately monitor Borno state governments being the owner of such companies should courage investor by leasing such viable industries for proper management and have its share of the company or instead the government should inject more money in to the companies and engage the services of experts who can run them for the benefit and economic base of the people and government.If these companies are put in place the problem of unemployment in the stateWould improve drastically.Borno state government under the able leadership of his Excellency Kashim Shettima the executive governor of Borno state should look into the issue of reviving the dormant industries so as to boast the economic of the state.