Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,446 members, 7,846,854 topics. Date: Saturday, 01 June 2024 at 04:04 AM

Win 20k, Name A Sector Controlled By Nigerian Government That's Working? - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Win 20k, Name A Sector Controlled By Nigerian Government That's Working? (2486 Views)

Abdulkarim Lawan: Deploy Troops To LGAs Controlled By Boko Haram In Borno / Usman Yusuf: What Sheikh Gumi And I Saw In Forests Controlled By Bandits / Map Showing States Controlled By PDP & APC (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 1:38pm On Oct 01, 2018
MeanChris:
Nigeria Custom service

Please oga, my 40k

Are you joking or serious
Nigerian customs is working effectively?
Those criminals angry with heavy potbelly, looking for bribe at every given opportunity

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by EVarn(m): 1:40pm On Oct 01, 2018
Mcowubaba:
Few of my buddies just saw this post, the said they will add another 20K,
So people, it's now 40K

"Which will be transferred immediately through western union to your bank account"

Name any sector controlled by Nigerian Government that's working up to standard
?
Well, I believe the Central Bank of Nigeria, is one government agency that is being very well managed and that delivers top notch.

It is evident in the fact that Nigeria has the best banking industry in Africa.

Infact, several Nigerian banks have appeared in different global economic ratings as leading banks in the world.

The CBN is the regulatory body for all Nigerian banks and is also responsible for the monetary policies of the country, and from the results so far, we can say they have done a world class job.

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by MeanChris(m): 1:47pm On Oct 01, 2018
Mcowubaba:


Are joking or serious
Nigerian customs is working effectively?
Those criminals angry with heavy potbelly, looking for bribe at every given opportunity

Bros, that they have pot bellies or are criminals doesn't mean they are not functioning.. Please, be a man and be of your word.
Meanwhile below are the functions of the Ng custom service:

Core Functions

Collection of Revenue i.e. Import and Excise Duties and Accounting for same.
Prevention and suppression of smuggling.

Other Functions

Implementation of Government Fiscal Measures

Generation of statistical data for planning purpose

Trade Facilitation

Implementation of bilateral and multilateral
agreements entered into by government

Collection of levies and charges

Collaborative functions with government Agencies including CBN, Police, NDLEA, SON, NAFDAC, FIRS, etc.

The Service also supports the combating of:

Illegal commercial activities and trade in illicit goods, e.g. import of fake and sub-standard goods

Infraction on Intellectual Property Rights

Illegal international trade in endangered species

Illegal trade in arms and ammunition

Money laundering

Traffic of illicit drugs

Illegal trade in cultural Artifacts.

Importation of pornographic materials

Importation of toxic and hazardous substances


Please go through and tell me where they are not doing their work??
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 1:49pm On Oct 01, 2018
EVarn:
Well, I believe the Central Bank of Nigeria, is one government agency that is being very well managed and that delivers top notch.

It is evident in the fact that Nigeria has the best banking industry in Africa.

You're woefully ignorant no offense!!

Hope you know that the CBN and Ministry of Finance are in charge of our fiscal and monetary policy, two very strategic indices for our Economic development

I wonder how Nigeria has a high inflation rate, and is even in recession if these agencies are working well

Secondly, hope you are aware that CBN is meant to regulate the banking sector of the country, now ask yourself are the banks working up to standard

Their ATM machines that are either not working, or swallows up your atm card grin cheesy

Thridly, are you aware that CBN is meant to control price stability in the country

Nigeria that egg will be 30 naira today, Tommorow it's 60 naira cheesy

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 1:57pm On Oct 01, 2018
MeanChris:


Bros, that they have pot bellies or are criminals doesn't mean they are not functioning.. Please, be a man and be of your word.
Meanwhile below are the functions of the Ng custom service:

Core Functions

Collection of Revenue i.e. Import and Excise Duties and Accounting for same.
Prevention and suppression of smuggling.

Other Functions

Implementation of Government Fiscal Measures

Generation of statistical data for planning purpose

Trade Facilitation

Implementation of bilateral and multilateral
agreements entered into by government

Collection of levies and charges

Collaborative functions with government Agencies including CBN, Police, NDLEA, SON, NAFDAC, FIRS, etc.

The Service also supports the combating of:

Illegal commercial activities and trade in illicit goods, e.g. import of fake and sub-standard goods

Infraction on Intellectual Property Rights

Illegal international trade in endangered species

Illegal trade in arms and ammunition

Money laundering

Traffic of illicit drugs

Illegal trade in cultural Artifacts.

Importation of pornographic materials

Importation of toxic and hazardous substances


Please go through and tell me where they are not doing their work??

They are not working up to standard

Of all their duties you listed, which one have there been significant reduction in?
No more money laundry?
Illict drugs business? The tramadol addicted victims will disagree with you, or the thousands of weed smokers

Alaba market and many other markets are filled with substandard and fake imported goods

Pornograpghic cds are still sold publicly in markets, including pirated dvds.

I'm a man of my words, name an agency that's working, and get 40k.
Customs is way below standard

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by MeanChris(m): 2:18pm On Oct 01, 2018
Mcowubaba:


They are not working up to standard

Of all their duties you listed, which one have there been significant reduction in?
No more money laundry?
Illict drugs business? The tramadol addicted victims will disagree with you, or the thousands of weed smokers

Alaba market and many other markets are filled with substandard and fake imported goods

Pornograpghic cds are still sold publicly in markets, including pirated dvds.

I'm a man of my words, name an agency that's working, and get 40k.
Customs is way below standard


Money Laundry..
Refering to the functions I mentioned.., "The service also supports the combating of money laundry.

To even say at least.. I know of cases where the custom service apprehended people moving physical cash through airports and also smuggled goods

https://www.google.com.ng/amp/www.informationng.com/2017/04/custom-officers-discovers-1-3-million-dollars-luggage-airport.html/amp

https://www.google.com.ng/amp/s/punchng.com/man-fails-declare-310000-airport-forfeits-cash-2/amp/

https://www.google.com.ng/amp/s/theeagleonline.com.ng/amp/customs-discovers-18-suspected-smuggled-exotic-vehicles-in-car-mart

The war against money laundering is on everywhere in the world, it hasn't been defeated anywhere, so in this regard, customs is doing their work.

Illicit Drug Business
The same argument for the laundering can also go for this one. Also, mentioning tramadol isn't helpful against the customs case because tramadol isn't just imported. I can tell you that 60% of the tramadol in this country right now are produced in the country. Codeine also..
Besides its the duty of the NDLEA to combat drug related crimes. Even in the US, anything dealing with drug is handled by DEA, the customs is just there to help


For fake imported goods, 80% of them are produced in the country. Onitsha and Aba saw to that.

"The customs also supports, remember.

For pornographic materials.. ha, when you can download and copy it to the Cds, is custom suppose to block the internet too or you think they import pornographic cds??

Bros for Customs Core function which is
1. Collection of revenue
2. Prevention and suppression of smuggling
I think they are doing quite well


My 40k

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by bighorlus(m): 2:25pm On Oct 01, 2018
gaby:


Lol okay oo..let's do this..

The present government has redefined the political sector of this country in my opinion and it is working very well for them...not me ooo

You'd agree that they have successfully obliterated the PDP from this sector and are almost successfully sending them into the oblivious extinction of political annihilation. They've rendered PDP headless and leaderless.

The final nail to be hammered on the PDP coffin is still presently being moulded at the iron smelter and by then, the present presidential aspirants under the umbrella will turn on themselves.

Thank you sir..

You should be a comedian sir. Lol
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by gaby(m): 2:27pm On Oct 01, 2018
bighorlus:


You should be a comedian sir. Lol

Lol...

No mind op wey be sponsor, judge and juror...e just wan use us shine...
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by EVarn(m): 2:31pm On Oct 01, 2018
Mcowubaba:


You're woefully ignorant no offense!!

Hope you know that the CBN and Ministry of Finance are in charge of our fiscal and monetary policy, two very strategic indices for our Economic development

I wonder how Nigeria has a high inflation rate, and is even in recession if these agencies are working well

Secondly, hope you are aware that CBN is meant to regulate the banking sector of the country, now ask yourself are the banks working up to standard

Their ATM machines that are either not working, or swallows up your atm card grin cheesy

Thridly, are you aware that CBN is meant to control price stability in the country

Nigeria that egg will be 30 naira today, Tommorow it's 60 naira cheesy
Well, just say your offer was a hoax to mock the country and stop typing misguided information. You claim to be knowledgeable, yet your post embarrassingly uninformed.

Yes the CBN is in charge of monetary policies(for your information, Ministry of Finance is totally different from the CBN, so I see no relevance in mentioning the MoF here), and they have done a good job at cutting down inflation and stemming devaluation of the naira.

I don't know how else you expect them to perform in a situation where crude oil, which accounts for 90% of Nigeria's gross income, took a nose-dive in the international market and began selling at less than 30% of it former price. You expected the CBN to wave a magic wand and make the inevitable inflation and paucity of funds disappear?.


What the CBN did was to tighten forex spending to avoid excessive leakage of scarce dollars, stem the spiral in the value of the local currency(that would have led to a Zimbabwe-style inflation) by staggered monetary intervention to banks and BDCs, and buff up foreign reserves to augment the stability of the naira and attract FDIs(especially portfolio investors). The result showed in the mere fact that the country didn't collapse out of financial shock, and even now the recession has eased and inflation is climbing back down according latest NBS data.

What else do you expect them to do?, any central bank on earth would have a problem managing such a situation (as is evident with Venezuela, Russia, Saudi Arabia etc) and yet the CBN did it.

Note that the CBN is not responsible for formulating economic blueprints, hence they can't be blamed for the recession, their role is strictly monetary in nature, not fiscal.

As for the banking sector part: Nigerian banks are rated internationally as world class banks, you can do yourself the favour of checking it out on the internet.

I don't know what you mean by ATM machines not working, all the ATM machines attached to banks usually works, except if they have temporal glitches, which are usually resolved within a day. Swallowing of card may be due to many factors including wrong pin, expired cards, system error (usually due to power outage, which is not the fault of the bank) etc, but you can easily retrieve it in your bank or get another one if it got stuck in another bank's ATM.

On the price stability part, Nigeria operates a free market, if you don't know what that is, go and search on it on google, I don't have time to explain. But basically, every market entity can fix the price of their commodity at any rate they wish, it is now left to the mechanism of demand and supply(market forces) to regulate the price of that commodity based on consumer preference.

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by MaziOmenuko: 2:34pm On Oct 01, 2018
Mcowubaba:
Few of my buddies just saw this post, the said they will add another 20K,
So people, it's now 40K

"Which will be transferred immediately through western union to your bank account"

Name any sector controlled by Nigerian Government that's working up to standard
?

I will name two; only if you are unbiased and will listen to reason:

1. Fedeal Inland Revenue Service (FIRS)

2. Standard Organziation of Nigeria (SON).

If you are interested, I can elaborate further.

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 2:37pm On Oct 01, 2018
MeanChris:



Money Laundry..
Refering to the functions I mentioned.., "The service also supports the combating of money laundry.

To even say at least.. I know of cases where the custom service apprehended people moving physical cash through airports and also smuggled goods

https://www.google.com.ng/amp/www.informationng.com/2017/04/custom-officers-discovers-1-3-million-dollars-luggage-airport.html/amp

https://www.google.com.ng/amp/s/punchng.com/man-fails-declare-310000-airport-forfeits-cash-2/amp/

https://www.google.com.ng/amp/s/theeagleonline.com.ng/amp/customs-discovers-18-suspected-smuggled-exotic-vehicles-in-car-mart

The war against money laundering is on everywhere in the world, it hasn't been defeated anywhere, so in this regard, customs is doing their work.

Illicit Drug Business
The same argument for the laundering can also go for this one. Also, mentioning tramadol isn't helpful against the customs case because tramadol isn't just imported. I can tell you that 60% of the tramadol in this country right now are produced in the country. Codeine also..
Besides its the duty of the NDLEA to combat drug related crimes. Even in the US, anything dealing with drug is handled by DEA, the customs is just there to help


For fake imported goods, 80% of them are produced in the country. Onitsha and Aba saw to that.

"The customs also supports, remember.

For pornographic materials.. ha, when you can download and copy it to the Cds, is custom suppose to block the internet too or you think they import pornographic cds??

Bros for Customs Core function which is
1. Collection of revenue
2. Prevention and suppression of smuggling
I think they are doing quite well


My 40k





Oga, I don't have the strength to debate a meaningless argument, Nigerian customs are working way below capacity, you can tell yourself whatever makes you feel better

You can't just mention Nigerian Customs and expect 40k, they are amongst the silly agencies in Nigeria, most Nigerians will agree with me

They have not lived up to expectations and standards

Even the so called 20% of substandard goods as claimed by you, that's imported into the country, should not be that high.

Many nonsense are imported through our borders, smuggling is still very high in every regards, bribery is still very high in the Customs service, nepotism still exist
You can't just name Customs and expect us to agree with you even though they facts prove otherwise

And you can't ignore any aspect of their service to prove your point, a bad branch makes the whole tree look bad

All Muslims are definitely not terrorists or bad people, but very few Muslims have given millions a bad reputation.

Custom officers in international airports and seaports are very vicious and corrupt, I have a couple of people who do dealings with them, I also have some distant relatives actually working there, all theives.

Tell me something else
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Okeytus(m): 2:39pm On Oct 01, 2018
MeanChris:



Money Laundry..
Refering to the functions I mentioned.., "The service also supports the combating of money laundry.

To even say at least.. I know of cases where the custom service apprehended people moving physical cash through airports and also smuggled goods

https://www.google.com.ng/amp/www.informationng.com/2017/04/custom-officers-discovers-1-3-million-dollars-luggage-airport.html/amp

https://www.google.com.ng/amp/s/punchng.com/man-fails-declare-310000-airport-forfeits-cash-2/amp/

https://www.google.com.ng/amp/s/theeagleonline.com.ng/amp/customs-discovers-18-suspected-smuggled-exotic-vehicles-in-car-mart

The war against money laundering is on everywhere in the world, it hasn't been defeated anywhere, so in this regard, customs is doing their work.

Illicit Drug Business
The same argument for the laundering can also go for this one. Also, mentioning tramadol isn't helpful against the customs case because tramadol isn't just imported. I can tell you that 60% of the tramadol in this country right now are produced in the country. Codeine also..
Besides its the duty of the NDLEA to combat drug related crimes. Even in the US, anything dealing with drug is handled by DEA, the customs is just there to help


For fake imported goods, 80% of them are produced in the country. Onitsha and Aba saw to that.

"The customs also supports, remember.

For pornographic materials.. ha, when you can download and copy it to the Cds, is custom suppose to block the internet too or you think they import pornographic cds??

Bros for Customs Core function which is
1. Collection of revenue
2. Prevention and suppression of smuggling
I think they are doing quite well


My 40k




can you tell me why despite the total ban on foreign rice, it is been smuggled into the country? because we still consume 90% foreign rice. If you doubt this, tell me the rice company in Nigeria that is actually producing the rice that feeds people especially in the south.
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Blue3k(m): 2:42pm On Oct 01, 2018
OGFZA, NEPZA and NBS. They both work effectively in job creation but it falls short compared to other countries.





Mcowubaba
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 2:44pm On Oct 01, 2018
MaziOmenuko:


I will name two; only if you are unbiased and will listen to reason:

1. Fedeal Inland Revenue Service (FIRS)

2. Standard Organziation of Nigeria (SON).

If you are interested, I can elaborate further.

I have deal with FIRS
Elaborate further on the standard organization of Nigeria, hahaha

You realise they are in charge of ensuring quality and standard product in the country

Very wrong agency to choose for your debate cheesy

The massive deterioration of products round the country will strongly disagree with you

But, let's hear your thoughts?
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by bighorlus(m): 2:44pm On Oct 01, 2018
MeanChris:


Bros, that they have pot bellies or are criminals doesn't mean they are not functioning.. Please, be a man and be of your word.
Meanwhile below are the functions of the Ng custom service:

Core Functions

Collection of Revenue i.e. Import and Excise Duties and Accounting for same.
Prevention and suppression of smuggling.

Other Functions

Implementation of Government Fiscal Measures

Generation of statistical data for planning purpose

Trade Facilitation

Implementation of bilateral and multilateral
agreements entered into by government

Collection of levies and charges

Collaborative functions with government Agencies including CBN, Police, NDLEA, SON, NAFDAC, FIRS, etc.

The Service also supports the combating of:

Illegal commercial activities and trade in illicit goods, e.g. import of fake and sub-standard goods

Infraction on Intellectual Property Rights

Illegal international trade in endangered species

Illegal trade in arms and ammunition

Money laundering

Traffic of illicit drugs

Illegal trade in cultural Artifacts.

Importation of pornographic materials

Importation of toxic and hazardous substances


Please go through and tell me where they are not doing their work??

Sir the custom service I believe isn't fuctioning its just another government agency people are using to enrich their pockets without fail.
My reason is simple.
I live on the Badagary axis and I can tell you that the customs conieve with smugglers to smuggle contrabands through our boarders and routes. These smugglers book tickets from the offices of the customs and collect tally numbers which they use to clear the roads for their drivers.
The money the customs make for themselves if truly it was a functioning agency would have transformed to massive seizures or auctioned wares.
Forget all the drama and occasional demonstrations on national TV when they seize goods of some greedy people who didn't settle.
The major bulk of smuggling is done between 12am and 5am shamelessly with approval of the so called customs.

I often tell people that as long as all these vehicles used to smuggle goods can drive during the daytime and pass by police check points and custom checkpoints without seizures and arrests, then we are not yet serious about combating smuggling. Because once you see a vehicle like that we all know what they are being used for so why allow the vehicle go without an arrest.?

2 Likes

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 2:47pm On Oct 01, 2018
gaby:


Lol...

No mind op wey be sponsor, judge and juror...e just wan use us shine...

I no wan use anybody shine
I am not here to boast on how 40k maybe nothing to me or how much I may have in my account

Rather I want people to see the decay in the Nigerian government, I have been on nairaland for nearly 5 years, and I'm an active member, many people know me outside this platform, I have connected with people and meet up with them.

I am not posting this for attention, you don't know me, or my personality, so stfu
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by haaryobhami: 2:49pm On Oct 01, 2018
MeanChris:



Money Laundry..
Refering to the functions I mentioned.., "The service also supports the combating of money laundry.

To even say at least.. I know of cases where the custom service apprehended people moving physical cash through airports and also smuggled goods

https://www.google.com.ng/amp/www.informationng.com/2017/04/custom-officers-discovers-1-3-million-dollars-luggage-airport.html/amp

https://www.google.com.ng/amp/s/punchng.com/man-fails-declare-310000-airport-forfeits-cash-2/amp/

https://www.google.com.ng/amp/s/theeagleonline.com.ng/amp/customs-discovers-18-suspected-smuggled-exotic-vehicles-in-car-mart

The war against money laundering is on everywhere in the world, it hasn't been defeated anywhere, so in this regard, customs is doing their work.

Illicit Drug Business
The same argument for the laundering can also go for this one. Also, mentioning tramadol isn't helpful against the customs case because tramadol isn't just imported. I can tell you that 60% of the tramadol in this country right now are produced in the country. Codeine also..
Besides its the duty of the NDLEA to combat drug related crimes. Even in the US, anything dealing with drug is handled by DEA, the customs is just there to help


For fake imported goods, 80% of them are produced in the country. Onitsha and Aba saw to that.

"The customs also supports, remember.

For pornographic materials.. ha, when you can download and copy it to the Cds, is custom suppose to block the internet too or you think they import pornographic cds??

Bros for Customs Core function which is
1. Collection of revenue
2. Prevention and suppression of smuggling
I think they are doing quite well


My 40k




I school in Benin republic nd I disagree with u totally,people still smuggle cars down to Nigeria.
I even have a neighbor dat is into smuggling then.
bringing rice groundnut oil nd others to Nigeria is very easy this days just tip dem with 200naira at each check point.
bro Nigeria no fit better again

2 Likes

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by gaby(m): 2:49pm On Oct 01, 2018
Mcowubaba:


I no wan use anybody shine
I am not here to boast on how 40k maybe nothing to me or how much I may have in my account

Rather I want people to see the decay in the Nigerian government, I have been on nairaland for nearly 5 years, and I'm an active member, many people know me outside this platform, I have connected with people and meet up with them.

I am not posting this for attention, you don't know me, or my personality, so stfu

Was just messing around bro...I quite understand you..

Good luck on your gig mate..
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 2:50pm On Oct 01, 2018
bighorlus:


Sir the custom service I believe isn't fuctioning its just another government agency people are using to enrich their pockets without fail.
My reason is simple.
I live on the Badagary axis and I can tell you that the customs conieve with smugglers to smuggle contrabands through our boarders and routes. These smugglers book tickets from the offices of the customs and collect tally numbers which they use to clear the roads for their drivers.
The money the customs make for themselves if truly it was a functioning agency would have transformed to massive seizures or auctioned wares.
Forget all the drama and occasional demonstrations on national TV when they seize goods of some greedy people who didn't settle.
The major bulk of smuggling is done between 12am and 5am shamelessly with approval of the so called customs.

I often tell people that as long as all these vehicles used to smuggle goods can drive during the daytime and pass by police check points and custom checkpoints without seizures and arrests, then we are not yet serious about combating smuggling. Because once you see a vehicle like that we all know what they are being used for so why allow the vehicle go without an arrest.?

I did not even have the strength to even engage him in any arguments, how will someone say Nigerian customs is functioning well, then expects 40k price, lol
Nigerian customs of all the agencies cheesy
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by haaryobhami: 2:50pm On Oct 01, 2018
MeanChris:



Money Laundry..
Refering to the functions I mentioned.., "The service also supports the combating of money laundry.

To even say at least.. I know of cases where the custom service apprehended people moving physical cash through airports and also smuggled goods

https://www.google.com.ng/amp/www.informationng.com/2017/04/custom-officers-discovers-1-3-million-dollars-luggage-airport.html/amp

https://www.google.com.ng/amp/s/punchng.com/man-fails-declare-310000-airport-forfeits-cash-2/amp/

https://www.google.com.ng/amp/s/theeagleonline.com.ng/amp/customs-discovers-18-suspected-smuggled-exotic-vehicles-in-car-mart

The war against money laundering is on everywhere in the world, it hasn't been defeated anywhere, so in this regard, customs is doing their work.

Illicit Drug Business
The same argument for the laundering can also go for this one. Also, mentioning tramadol isn't helpful against the customs case because tramadol isn't just imported. I can tell you that 60% of the tramadol in this country right now are produced in the country. Codeine also..
Besides its the duty of the NDLEA to combat drug related crimes. Even in the US, anything dealing with drug is handled by DEA, the customs is just there to help


For fake imported goods, 80% of them are produced in the country. Onitsha and Aba saw to that.

"The customs also supports, remember.

For pornographic materials.. ha, when you can download and copy it to the Cds, is custom suppose to block the internet too or you think they import pornographic cds??

Bros for Customs Core function which is
1. Collection of revenue
2. Prevention and suppression of smuggling
I think they are doing quite well


My 40k




I school in Benin republic nd I disagree with u totally,people still smuggle cars down to Nigeria.
I even have a neighbor dat is into smuggling then.
bringing rice groundnut oil nd others to Nigeria is very easy this days just tip dem with 200naira at each check point.
bro Nigeria no fit better again .
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by MaziOmenuko: 3:02pm On Oct 01, 2018
Mcowubaba:


I have deal with FIRS
Elaborate further on the standard organization of Nigeria, hahaha

You realise they are in charge of ensuring quality and standard product in the country

Very wrong agency to choose for your debate cheesy

The massive deterioration of products round the country will strongly disagree with you

But, let's hear your thoughts?

In order words, you don't have any issued with FIRS and then is satisfied that they are doing a good work?

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Cajal(m): 3:12pm On Oct 01, 2018
At least on my side
...health judge him.. By ARD/NMA..strike
Education... Judge him.. By ASU strike
Unlike previous administrator... Strike na food
Me I still dey enjoy N.. POWER
GOD BLESS PMB.. 1MIIION TIME
may God almighty judge all our leaders accordingly from.. Pmb... to. GEJ. all others
Amen
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 3:14pm On Oct 01, 2018
EVarn:
Well, just say your offer was a hoax to mock the country and stop typing misguided information. You claim to be knowledgeable, yet your post embarrassingly uninformed.

Yes the CBN is in charge of monetary policies(for your information, Ministry of Finance is totally different from the CBN, so I see no relevance in mentioning the MoF here), and they have done a good job at cutting down inflation and stemming devaluation of the naira.

I don't know how else you expect them to perform in a situation where crude oil, which accounts for 90% of Nigeria's gross income, took a nose-dive in the international market and began selling at less than 30% of it former price. You expected the CBN to wave a magic wand and make the inevitable inflation and paucity of funds disappear?.


What the CBN did was to tighten forex spending to avoid excessive leakage of scarce dollars, stem the spiral in the value of the local currency(that would have led to a Zimbabwe-style inflation) by staggered monetary intervention to banks and BDCs, and buff up foreign reserves to augment the stability of the naira and attract FDIs(especially portfolio investors). The result showed in the mere fact that the country didn't collapse out of financial shock, and even now the recession has eased and inflation is climbing back down according latest NBS data.

What else do you expect them to do?, any central bank on earth would have a problem managing such a situation (as is evident with Venezuela, Russia, Saudi Arabia etc) and yet the CBN did it.

Note that the CBN is not responsible for formulating economic blueprints, hence they can't be blamed for the recession, their role is strictly monetary in nature, not fiscal.

As for the banking sector part: Nigerian banks are rated internationally as world class banks, you can do yourself the favour of checking it out on the internet.

I don't know what you mean by ATM machines not working, all the ATM machines attached to banks usually works, except if they have temporal glitches, which are usually resolved within a day. Swallowing of card may be due to many factors including wrong pin, expired cards, system error (usually due to power outage, which is not the fault of the bank) etc, but you can easily retrieve it in your bank or get another one if it got stuck in another bank's ATM.

On the price stability part, Nigeria operates a free market, if you don't know what that is, go and search on it on google, I don't have time to explain. But basically, every market entity can fix the price of their commodity at any rate they wish, it is now left to the mechanism of demand and supply(market forces) to regulate the price of that commodity based on consumer preference.

My offer was not a hoax, I won't be cowed or emotionally blackmailed to just agree with anybody and send 40K which will play on the majority of our intelligence .
I mentioned Ministry of Finance because the are closely related to CBN, so that was not strange, or don't the work together in many activities ?
Forex was hoarded and available by some cabal members, this was exposed by Sanusi Lamido who was their previous governor, you can't tell me an agency that let this happen is functioning to standard

I don't expect CBN to wave a magic wand, but more strategies could have been put in place to prevent the silly intense recession Nigeria is in, and you can't absorb CBN in the economy of the country, the all played a role in the recession.

I just mentioned ATM machines as a popular issue, and yes that's a big issue, maybe you don't know
How many money lodgement bank machines are available ?
Do you know that there are countries that there bank machines don't experience the glitch as you termed it, their ATM machines are always working properly and dispensing different currency denominators

What's the interest rate for most current accounts in Nigerian banks, what's the job security like? Bankers are sacked unjustly at any given moment
why are there still successful bank armed robberies in this year and age ?
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Mcowubaba: 3:16pm On Oct 01, 2018
MaziOmenuko:


In order words, you don't have any issued with FIRS and then is satisfied that they are doing a good work?
By dealing with FIRS, I meant I have disputed that assertions that the may be working up to standard, read my comment about FIRS on the first page on this thread..

thanks
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by MaziOmenuko: 3:29pm On Oct 01, 2018
Mcowubaba:


Can you list the tax brackets in Nigeria
The income tax reimbursement
Job seekers benefits
Tax returns, Tax credit

Tax credit certificate for private businesses
Does Davido, Wizkid, Linda Ikeji and Co pay taxes?

Kindly name businesses that have been closed down because of tax negligence or default
Name people who have been persecuted due to tax evasion?

And the taxes that have been collected successfully, what did they use the money to do?
Fund the budget grin cheesy right?

You picked an agency I'm familiar with, I once had a neighbor who worked in FIRS for 12 years tongue tongue

If this is your rebuff of FIRS then there's no need indulging you. You even asked what 'they' used the tax money to do. So after remitting tax, Vat etc to the coffers of the govt, FIRS should monitor what the govt does with it? You are evidently closed minded and biased.

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by MeanChris(m): 3:38pm On Oct 01, 2018
Mcowubaba:


Oga, I don't have the strength to debate a meaningless argument, Nigerian customs are working way below capacity, you can tell yourself whatever makes you feel better

You can't just mention Nigerian Customs and expect 40k, they are amongst the silly agencies in Nigeria, most Nigerians will agree with me

They have not lived up to expectations and standards

Even the so called 20% of substandard goods as claimed by you, that's imported into the country, should not be that high.

Many nonsense are imported through our borders, smuggling is still very high in every regards, bribery is still very high in the Customs service, nepotism still exist
You can't just name Customs and expect us to agree with you even though they facts prove otherwise

And you can't ignore any aspect of their service to prove your point, a bad branch makes the whole tree look bad

All Muslims are definitely not terrorists or bad people, but very few Muslims have given millions a bad reputation.

Custom officers in international airports and seaports are very vicious and corrupt, I have a couple of people who do dealings with them, I also have some distant relatives actually working there, all theives.

Tell me something else

Bros, you don't have 40k. There's no argument I can put up here that can make you give me 40k.

Going by your argument, no agency anywhere on the world is functioning effectively, if you disagree, I can give you 50k to mention any agency functioning effectively in the world..

You failed in your attempt to ridicule the country
Have a nice day.. Happy Independence day.

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by tech18: 4:00pm On Oct 01, 2018
@ Mcowubaba,they are many ooo grin

Jamb,NCS(Customs),Army,NAF,etc

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Blue3k(m): 4:20pm On Oct 01, 2018
Mcowubaba is my answer acceptable or not?

NEPZA, OGFZA and NBS.
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by EVarn(m): 4:23pm On Oct 01, 2018
Mcowubaba:


My offer was not a hoax, I won't be cowed or emotionally blackmailed to just agree with anybody and send 40K which will play on the majority of our intelligence .
I mentioned Ministry of Finance because the are closely related to CBN, so that was not strange, or don't the work together in many activities ?
Forex was hoarded and available by some cabal members, this was exposed by Sanusi Lamido who was their previous governor, you can't tell me an agency that let this happen is functioning to standard

I don't expect CBN to wave a magic wand, but more strategies could have been put in place to prevent the silly intense recession Nigeria is in, and you can't absorb CBN in the economy of the country, the all played a role in the recession.

I just mentioned ATM machines as a popular issue, and yes that's a big issue, maybe you don't know
How many money lodgement bank machines are available ?
Do you know that there are countries that there bank machines don't experience the glitch as you termed it, their ATM machines are always working properly and dispensing different currency denominators

What's the interest rate for most current accounts in Nigerian banks, what's the job security like? Bankers are sacked unjustly at any given moment
why are there still successful bank armed robberies in this year and age ?
Perhaps I came out as too harsh, and I duly apologize for that.

But I still remain on my point that the CBN is the most functional agency of the Nigerian government.

Yes, I acknowledge your points, they do seem to be salient ones, however, you are getting it all wrong.

The CBN is not responsible for formulating economic policies, and due to the fact that CBN is semi-autonomous, there are times when MoF policies clash with CBN policies (like recently between Adeosun and Emefiele). True, they are supposed to work in tandem, but MoF is a political agency, and will therfore put what is "politically right" first before what is common sense. That doesn't mean CBN is bad, it's just politics.

What I am talking about here is the performance of CBN in the role set out for them by the Nigerian constitution.

Now, Emir Sanusi claimed that CBN was turning some cabals into overnight millionaires by granting them special access to forex. But look at it this way:

Scenario:

Dangote is building our first fully operational oil refinery, he obviously needs lots of dollars, but the country has limited dollars. Now, what should the CBN do?, should they continue allowing free use of scarce forex to import toothpicks and face-towels?, or should they "hoard" the forex and instead give it to specific people who have legitimate or specific utilities(like constructions companies, foreign students, importers of critical commodities etc)?. Now, turns out the CBN decided to give Dangote special access to forex due to his immediate priorities, CBN gives him $10 miilion per month, but after receiving the currency, Dangote decides to sell $4 million on the parallel market for an inflated price, just to make more money. What should the CBN do?,should they stop giving him forex and risk him grounding his project?, or should they just try their best to monitor and regulate such deals to the barest minimum?.

See the dilemma?. The only option left for the CBN is to go to the root of the problem, the black market. The CBN aggressively dealt with illicit trade of the dollars, and increased support for the Bureau de Changes so as to stem leakage of dollars, and illegal profiteering. This serves three purpose;
1. It helps harmonize the value of the naira in both banks and parallel market
2. The BDCs becomes more reliant on the CBN for forex
3. It also serves to cut off the source of illegal profiteering because the CBN can now monitor the flow of forex in the parallel market through the BDCs.

As for the CBN playing a role in the recession. There is no way the CBN could have stopped the recession, that is why I said that they only act as monetary regulators, not fiscal managers. It is the job of the MoF to stop recession. Even if the CBN wants to stop the MoF from taking certain steps that could cause recession, they don't have the power to do it.

As for the ATM issue, these glitches occur due to many reasons. You'd be surprised that most of those reasons are not the fault of the banks, example, power outages(which is the cause for 90% of "card swallowing"wink, forcing the banks to run on diesel generators which sometimes break down. The countries that don't experience these things have stable power supply and good business environment. The lack of power or efficient business climate is neither the fault of the CBN or the banks.

As for job security and interest rates, that is a product of the harsh Nigerian business environment. These banks operate of fuel 24/7, which cost a lot of money in both fueling and repairs. While it may not entirely justify their actions, you have to recognize the situation on ground.

As for why there are still bank robberies, like I said earlier, business environment. Is it the job of the CBN or banks to equip the countries police and other law enforcement parastatals with the necessary infrastructure to provided adequate security in the country?. The banks can only procure private security outfits which often have limited abilities. No national database, no forensic capacity, no security surveillance of highways, poorly trained police etc, these aren't faults of the banks or the CBN. Countries where bank robberies is almost unheard of have better business environment due to security and stability in government policies.
Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Okeytus(m): 4:29pm On Oct 01, 2018
MeanChris:


Bros, you don't have 40k. There's no argument I can put up here that can make you give me 40k.

Going by your argument, no agency anywhere on the world is functioning effectively, if you disagree, I can give you 50k to mention any agency functioning effectively in the world..

You failed in your attempt to ridicule the country
Have a nice day.. Happy Independence day.
are you sure you have left the shores of Nigeria? if yes, where precisely?
also no organization is 100 percent effective, but any organization functioning below average is a failed one which is the condition of federal controlled organizations in Nigeria.

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by Arda1000(m): 4:34pm On Oct 01, 2018
;DTravelling to abroad sector. Just 3rs alone buhari visited over 50 countries,thounsands of nijas have been washed up in the medditeranian or died crossing the desert,

1 Like

Re: Win 20k, Name A Sector Controlled By Nigerian Government That's Working? by chansmokers: 4:39pm On Oct 01, 2018
Mcowubaba:
As we celebrate 58 useless years of existence as an independent country.

Kindly name one sector fully and currently controlled by the Nigerian government that is functioning properly up to standard?

The true independence day is the day you secure your residence permit in another country, Nigeria is a cursed entity.
I would have mentioned Nafdac and cbn had it been you asked this question 10 years ago.

(1) (2) (3) (Reply)

Premium Times: Why Atiku May Win / Breaking: Buhari Is Leading Atiku In Oyo! / Ogun Guber Poll : Final Predictions

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 127
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.